#Polyamide in Electronic Protection Device Market size

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Technical Films Market Size, Share, Trends, Demand, Future Growth, Challenges and Competitive Analysis

"Global Technical Films Market - Size, Share, Demand, Industry Trends and Opportunities

Global Technical Films Market, By Film Type (Stretch Film, Shrink Film, Barrier Film, Conductive Film, Safety and Security Film, Anti-Fog Film, Other Technical Films), Product Type (Degradable Film, Non-Degradable Film), End-Use Industry (Food and Beverage, Cosmetic and Personal Care, Chemical, Agriculture, Building and Construction, Pharmaceutical, Electrical and Electronic, Automobile), Material Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polyamide (PA), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH), Polyurethane (PU), Aluminum, Polycarbonate (PC), Others), Thickness Type (Up to 25 Microns, 25-50 Microns, 50-100 Microns, 100-150 Microns) – Industry Trends.

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**Segments**

- By Product Type: The technical films market can be segmented into polyester films, polyethylene films, polycarbonate films, polypropylene films, PVC films, and others. Polyester films are widely used in various industries due to their exceptional properties such as high tensile strength, chemical resistance, and dimensional stability. Polyethylene films are popular in packaging applications due to their flexibility and moisture barrier properties. Polycarbonate films are known for their high impact strength and heat resistance, making them suitable for electronics and automotive industries. Polypropylene films offer excellent clarity and are used in food packaging. PVC films are valued for their durability and versatility, finding applications in construction, healthcare, and packaging sectors.

- By Application: The technical films market can be categorized based on applications such as packaging, industrial, agricultural, medical, construction, and others. Packaging is the largest application segment for technical films, driven by the growing demand for flexible and sustainable packaging solutions across various sectors. Industrial applications of technical films include protective coatings, adhesive tapes, and insulation materials. In agriculture, technical films are used for greenhouse coverings, mulching, and crop protection. Medical applications of technical films range from surgical drapes and wound dressings to medical device components. The construction sector utilizes technical films for weatherproofing, insulation, and vapor barriers.

**Market Players**

- DuPont de Nemours, Inc.: A global leader in technical films, DuPont offers a wide range of innovative solutions for various industries, including packaging, electronics, and healthcare. The company's technical films portfolio includes polyester, polyethylene, and polycarbonate films known for their high performance and reliability.

- Toray Industries, Inc.: Toray is a major player in the technical films market, providing advanced film solutions for industrial, medical, and electronic applications. The company's products, such as polypropylene and polyester films, are recognized for their superior quality and sustainability.

- Covestro AG: Covestro is known for its highCovestro AG is a prominent player in the technical films market, renowned for its high-quality polycarbonate films that offer exceptional performance characteristics. The company focuses on innovation and sustainability, catering to diverse industries such as automotive, electronics, and medical. Covestro's technical films are favored for their impact resistance, optical clarity, and heat resistance, making them ideal for applications requiring durable and reliable materials. The company's commitment to research and development ensures that its product portfolio remains at the forefront of technological advancements, meeting the evolving needs of the market.

Another key player in the technical films market is SABIC, a global leader in diversified chemicals and advanced materials. SABIC offers a comprehensive range of technical films, including polyethylene and polypropylene films, renowned for their versatility and performance. The company leverages its extensive expertise in material science to develop innovative solutions for packaging, construction, and industrial applications. SABIC's technical films are preferred for their strength, durability, and sustainability, making them a preferred choice for customers seeking high-quality materials for various end uses.

3M Company is a renowned player in the technical films market, known for its wide range of adhesive and protective films catering to diverse industries such as transportation, healthcare, and consumer goods. 3M's technical films are designed to provide superior adhesion, abrasion resistance, and weather protection, offering reliable solutions for demanding applications. The company's focus on continuous product innovation and customer-centric approach has solidified its position as a trusted supplier of high-performance films to global markets.

In conclusion, the technical films market is characterized by the presence of key players such as Covestro AG, SABIC, and 3M Company, who offer a diverse range of innovative solutions for various industries. These market players continue to drive advancements in material science and technology, providing customers with high-quality films that meet the stringent requirements of modern applications. As the demand for technical films continues to grow across different sectors, companies are investing in research and**Global Technical Films Market**

- Film Type: - Stretch Film - Shrink Film - Barrier Film - Conductive Film - Safety and Security Film - Anti-Fog Film - Other Technical Films

- Product Type: - Degradable Film - Non-Degradable Film

- End-Use Industry: - Food and Beverage - Cosmetic and Personal Care - Chemical - Agriculture - Building and Construction - Pharmaceutical - Electrical and Electronic - Automobile

- Material Type: - Polyethylene (PE) - Polyethylene Terephthalate (PET) - Polyamide (PA) - Polypropylene (PP) - Polyvinyl Chloride (PVC) - Ethylene Vinyl Alcohol (EVOH) - Polyurethane (PU) - Aluminum - Polycarbonate (PC) - Others

- Thickness Type: - Up to 25 Microns - 25-50 Microns - 50-100 Microns - 100-150 Microns

The global technical films market is experiencing significant growth driven by the increasing demand for advanced and high-performance films in various industries. The market segmentation based on film type, product type, end-use industry, material type, and thickness type allows for a detailed analysis of the

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Technical Films Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Technical Films Market.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Technical Films Market

Chapter 3: Regional analysis of the Global Technical Films Market industry

Chapter 4: Technical Films Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Objectives of the Report

To carefully analyze and forecast the size of the Technical Films market by value and volume.

To estimate the market shares of major segments of the Technical Films

To showcase the development of the Technical Films market in different parts of the world.

To analyze and study micro-markets in terms of their contributions to the Technical Films market, their prospects, and individual growth trends.

To offer precise and useful details about factors affecting the growth of the Technical Films

To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Technical Films market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Electronic Adhesives Market - Forecast (2024-2030)

Electronic Adhesives Market Overview

Electronic Adhesives Market Size is forecast to reach $ 6,820 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Electronic adhesives are used for circuit protection and electronic assembly applications such as bonding components, wire tacking, and encapsulating electronic components. The use of electronic adhesives in manufacturing components for electric vehicles such as printed circuit boards, lithium-ion batteries, and battery pack assemblies are facilitating growth of the market. Growing adoption of surface mounting technology to replace welding and soldering is one of the prominent trends in the electronics industry, shaping the demand for electronics adhesives.

Report Coverage

The report: “Electronic Adhesives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Adhesives Industry.

By Type: Thermal Conductive, Electrically Conductive, Ultraviolet-Curing and Others.

By Resin Type: Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, and Others (Acrylics, and Polyurethane)

By Application: PCB’s, Semiconductor, and Others

By End-User Industry: Consumer Electronic (Wearable Devices, LEDs & TVs, Smart Phones & Tablets, Computers, Laptops, and Others), Healthcare, Energy & Power (Solar, Wind, and Others), Telecom Industry, Transportation (Automotive (Passenger Vehicles, Light Commercial and Heavy Commercial Vehicles), Marine, Locomotive, and Aerospace), Oil & Gas, Chemical, Pulp & Paper, and Others. 

By Geography: North America, South America, Europe, APAC, and RoW

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Key Take away

In 2020, North America held the largest share after APAC. Due to growing demand for electronic adhesives in electronics and telecommunication industry. The US hold the largest share in the region over the forecast period.

Growing adoption of electric vehicles is expected to provide a major growth opportunity for the market.

Emission of Volatile Organic Compounds (VOC’s) may deter the market's growth during the forecasted period.

COVID-19 has hindered the market growth owing to the disruption of supply chain and worldwide lockdown.

Electronic Adhesives Market Segment Analysis - By Type

Electrically Conductive segment held the largest share of more than 30% in the electronics adhesives market in 2020. Electrically Conductive are used in various industry verticals such as aerospace, automotive, medical, and telecom products. Electrically conductive is an excellent solution for making electrical contacts on PCBs and other temperature-sensitive substrates, as their curing temperature is below the soldering temperature. An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connections, PCBs, and bonding antenna structures further boost the demand for the market. Electric conductive are also used in the LED industry for their capacity to serve as stable electrical contacts by absorbing mismatches, which will likely boost the market's growth for the forecasted period.

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Electronic Adhesives Market Segment Analysis - By Resin Type

Epoxy segments held the largest share of more than 25% in the market in 2020. Epoxy is widely used in electronic applications, either in two-part or single-part heat cure products. Epoxy has good resilience against environmental and media influences, it has a dry and non-tacky surface which is perfect to be used as a protective coating and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other. Curing epoxy adhesives can take place either at room or elevated temperature or through photoinitiators and UV light. Modern photoinitiators also react to the special UV spectrum of LED light sources, so that newly developed epoxide resin adhesives can be cured with both UV and UV LED light. Some epoxies exhibit optical properties and diffraction indexes, making them useful for applications in precision optics, lens bonding, and information technology, which will further boost the market's growth.

Electronic Adhesives Market Segment Analysis - By Application

Printed Circuit Boards (PCBs) segment held the largest share of more than 35% in the market in 2020. Electronic adhesives are used as a conformal coating in PCBs. Adhesive is used in wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. PCBs are highly reliable, cheap, less chance of short circuit, easily repairable, and are compact in size. The growing uses of laptops, smartphones, and household appliances coupled with developing living standards further drive the growth of PCB. Whereas, the growing uses of PCB’s in automotive, industrial & power equipment, control & navigation systems, and aerospace monitoring also contribute to the market growth. According to Aerospace Industries Association (AIA) report, in 2018, aerospace and defense exports amounted to $151 billion, an increase of 5.81% from the previous year, and civil aerospace accounted for the majority of exports with $131.5 billion.

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Electronic Adhesives Market Segment Analysis - By End-User Industry

Consumer Electronics segment held the largest share of more than 30% in the Electronic Adhesives Market in 2020. Rapid urbanization and increase in the development of new technology have propelled the demand for consumer electronics. As per the United Nations, 55% of the world’s population lives in urban areas, which propel the demand for consumer electronics. The growing demand for lightweight and portable equipment such as smartphones, laptops, and digital cameras are playing a significant role in boosting the demand for the market. As per a report released by Nexdigm Private Limited, a private company, the global electronics industry is expected to reach $7.3 trillion by 2025, which will significantly propel the demand for the market during the forecasted period.

Electronic Adhesives Market Segment Analysis - By Geography

Asia-Pacific held the largest share of more than 45% in the Electronic Adhesives Market in 2020. China, India, and Japan are the major contributors to the growth of Electronic Adhesives Market in APAC. The large consumer base, developing manufacturing sector, and increase in middle-class population along with smart city projects are major factors for the market growth. As per the Indian Brand Equity Foundation (IBEF) report released in 2020, electronics manufacturing in India is expected to reach $163.14 billion by 2025, and demand for electronics hardware in India is expected to reach US$ 400 billion by 2024. The shifting of production lines to the APAC region for the low cost of production and the ability to serve the local emerging market is another factor for the growth of the market in the region.

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Electronic Adhesive Market Drivers

Growing Need for Miniaturized Electronic Products 

Growing demand for low-cost, reliable, and miniaturized electronic devices from consumers propel the market's growth. The increasing demand for miniaturized products has led to the development of smaller electrical components, which occupy less area. The need for smaller and thinner consumer electronics devices is a new trend among consumers. The surface mount technology helps in using and assembling much smaller components, thus facilitating a smaller, portable, and lightweight electronic device. Pocket calculators, smartwatches & other wearable devices are some of the examples. Such miniature devices will further drive the demand for electronic devices and in return will boost the demand for the Electronic Adhesives Market as they are used in manufacturing these devices.

Introduction of 5G Network 

Introduction 5G networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Introduction of 5G will boost the telecommunication industry, with better coverage, and internet speed, which also create a demand for Electronic Adhesives Market as they are used in manufacturing telecom devices. 5G will transmit data ten times faster than 4G and is set to take hold in 2020. This will spark a revolution in many industries such as electronic, energy, medical, automotive, defense, aerospace and others, which will boost the market's growth. 5G will impact the viewing experience for consumer, with its VR & AR which will further boost the demand for consumer electronic industry, which in return will boost the demand for electronic adhesive market.

Electronic Adhesive Market Challenges

Technological Changes & VOC Emission

The market is facing challenges due to technological changes. Shorter leads can damage temperature-delicate components in several applications and to overcome such obstacles electrical components should be assembled after soldering. However, this hampers productivity due to higher costs of production and time consumed in the manufacturing process. Growing concern over the emission of volatile organic compounds (VOCs) is expected to hamper the market growth over the coming years. During the manufacturing of electronics adhesives, VOC is discharged that may pose health and environmental concerns. VOCs are the major contributors to smog and ozone formation at low atmospheric levels.    

Emergence of COVID 19

The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. And the Electronic Adhesives Market was no exceptional, as the global production facilities of the electronics, parts have been reduced due to the logistics slowdown and unavailability of the workers. Furthermore, various e-commerce sites had discontinued the delivery of non-essential items which included electronics devices, which affected the electronic industry.

Electronic Adhesive Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electronic Adhesives Market. In 2020, the market of electronic adhesives has been consolidated by the top 10 players accounting for xx% of the share. Major players in the Electronic Adhesives Market are BASF SE, Panacol-Elosol GmbH, 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Hitachi, Ltd., Mitsui & Co., Ltd., Bostik, Inc., Chemence Inc., tesa SE, Parker Hannifin Corp., Meridian Adhesives Group, among others.

Acquisitions/Technology Launches

In November 2019, Bostik, Inc., announced it has launched a new range of innovative engineering adhesives Born2Bond™, for bonding applications in automotive, electronics, luxury packaging, and medical devices. With this new launch Bostik will not only expand its product portfolio but also expand it offering to various industries, which will further drive the market's growth.  

In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies has announced that the “Company” would be serving the Electric Vehicles Market and provide its adhesive solution, with this announcement Meridian Adhesives would expand its product offering in automobile industry, which will further derive the market's growth.

Key Market Players:

The Top 5 companies in Electronic Adhesives Market are:

Panacol-Elosol GmbH

3M 

H.B. Fuller Company

Henkel AG & Co.KGaA

Parker Hannifin Corp.

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Anti-Static Fibers Market Trends, Share, News and Forecast by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Anti-Static Fibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Anti-Static Fibers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Anti-Static Fibers Market?

The global anti-static fibers market size reached US$ 0.71 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1.25 billion in 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.

What are Anti-Static Fibers?

Anti-static fibers are crafted to mitigate the buildup of static electricity. They find application in textiles and other fields where static electricity can cause problems, such as harming electronic devices or creating discomfort for people. These fibers function by conducting static electricity away from the surface they are applied to, thereby preventing the accumulation of electric charge. They are frequently mixed with other materials to imbue the final product with anti-static characteristics.

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What are the growth prospects and trends in the Anti-Static Fibers industry?

The anti-static fibers market growth is driven by various factors. The market for Anti-Static Fibers is growing due to rising demand across industries like textiles, automotive, and electronics, where static electricity poses risks of damage or safety concerns. These fibers are critical in producing items such as clothing, upholstery, and industrial parts to minimize static buildup. Technological progress is also contributing to market expansion, leading to the creation of more efficient anti-static fibers. Moreover, increasing awareness about electrostatic discharge (ESD) and its effects on sensitive electronic equipment is driving the use of anti-static fibers in diverse applications. Hence, all these factors contribute to anti-static fibers market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Carbon-Based Anti-static Fibers

Metallic Anti-static Fibers

Synthetic Blends with Conductive Additives

By Material:

Polyamide (Nylon)

Polyester

Polypropylene

Others (Including Acrylic, Cotton, etc.)

By End-Use Industry:

Electronics

Textiles

Automotive

Industrial Manufacturing

Aerospace and Defense

By Application:

Static Protection Clothing

Packaging Materials

Conveyor Belts

Carpets and Flooring

Others (Including Wrist Straps, Gloves, etc.)

By Distribution Channel:

Direct Sales

Distributors

E-commerce

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

DuPont

Toray Industries

Toyobo Co., Ltd.

Formosa Plastics Corporation

Mitsubishi Chemical Corporation

Hyosung Corporation

Kolon Industries, Inc.

Teijin Limited

Far Eastern New Century Corporation

RadiciGroup

Yantai Tayho Advanced Materials Co., Ltd.

Suzhou Kingsway High-Tech Fiber Technologies Co., Ltd.

Trevira GmbH

Ensinger Group

Jinan Shengquan Group Share Holding Co., Ltd.

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Polyamide in Electronic Protection Device Market Size Estimated to Reach $613.2 Million by 2026

Polyamide in Electronic Protection Device Market size is expected to be valued at $613.2 million by the end of the year 2026 and the market is set to grow at a CAGR of 4.5% during the forecast period from 2021-2026. The increase in use of Polyphthalamide (PPA) in various key industries such as electronics & electrical, automobile, and others expanded due to its superior properties like high temperature polyamide, good resistance to heat, and provides a better mechanical structure and this is driving the market growth. Furthermore, the increase in demand for thermosetting polymer that is used for insulation purposes in electronic gadgets and devices is also fuelling the growth of polyamide in electronic protection device industry.

COVID-19 impact

The Covid-19 pandemic has led to the slowdown of polyamide in electronic protection device market in terms of production, supply chain management, and inventory clearance. This has affected the polyamide in electronic protection device market top 10 companies in many aspects like unavailability of raw materials, volatile prices, and slowdown in the growth of the company which has eventually led to the companies incurring huge losses. The marketing and distribution channels were also hugely affected due to the limitations of the lockdown and economic shutdown. This lead to overstocking of their inventories eventually leading the companies to incur huge losses.

Polyamide in Electronic Protection Device Market Segment Analysis - By Product Type

PA 6 segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. PA 6 polyamide is generally used in applications where toughness, lubricity and wear & tear are required, such as gear wheels, rollers, bearings, power tool housings, electrical connectors, coil formers etc. It has excellent heat aging resistance and chemical resistance properties. PA 6 polyamide is also has an excellent surface appearance, especially in filled and reinforced versions, compared to other versions of polyamide, making it a preferred type of polyamide as compared to the other polyamides.PA 6 can withstand temperature up to 310 degree Celsius.

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Polyamide in Electronic Protection Device Market Segment Analysis - By Type

Glass Fiber segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. Glass content makes the product more rigid and flexible giving more stiffness and strength, even after absorbing humidity. The dimensional stability is also better compared to other types of material. It is used in many electrical parts like switches, sockets, plugs, and antenna-mounting devices. It has a specific resistance greater than steel and thus is used to make high-performance. The main feature of glass fiber is that it comes in varying sizes and can be easily combined with many synthetic resins. According to the European Glass Fibre Producers Association, the global glass fibre market reached revenue of US $ 40 billion in the year 2020. Thus, the growth in the glass fiber market, will also drive the growth of this this market.

Polyamide in Electronic Protection Device Market Segment Analysis - By Application

Miniature Circuit Breaker (MCB) held the largest share of more than 25% in the polyamide in electronic protection device market in the year 2020. Miniature Circuit Breaker (MCB) is being used extensively in the present days due to the easiness in handling the equipment and safety from electric shock in using the Miniature Circuit Breaker (MCB). Handing a Miniature Circuit Breaker (MCB) is electrically safer than a fuse, since it is properly insulated and coated. Miniature Circuit Breaker (MCB) automatically switches off electrical circuit during any abnormal condition or any overload. Miniature Circuit Breaker (MCB) is used in generators or invertors.

Polyamide in Electronic Protection Device Market Segment Analysis - By Geography

Asia-Pacific region held the largest share of more than 40% in the polyamide in electronic protection device market in the year 2020. The highest demand from the Asia-Pacific region is due to the availability of cheap raw materials such as nylons, aramids, sodium polyaspartate, and wool. The presence of emerging countries like India, China and South Korea also drive the market growth in APAC region. Furthermore, the growing demand for environment friendly vehicles, developing aviation sector, and growing investment in the infrastructure sector across the region also propels the market growth.

Polyamide In Electronic Protection Device Market Drivers

Surging Demand from electrical and electronics industry

The increase in adoption of polyamide in electronic protection devices owing to various reasons such as cost-effectiveness and environmental friendliness of polyamide is driving polyamide in electronic protection device market. This is one of the main reasons why other thermoset materials such as acrylates, phenolic, epoxies and cyanate esters are being replaced by polyamide in the electronics protection device industry. The raw material used in producing polyamide like caprolactam is cheaper than the other thermoset materials. This is hugely driving polyamide in electronic protection device market. Whereas, the growth in the electronics and IT industrties is also contributing to the market growth. For instance, according to the JAPAN ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRIES ASSOCIATION (JEITA) report 2020, the total global production by the electronics and IT industries is expected to increase by a mere 2% year on year in 2020 to reach $2,972.7 billion.

Technological advancements in electronic protection devices

The evolution of technology in the past few years has contributed to the growth of electronic protection devices. There has been a significant change in the control, testing and commissioning methods, which fuels the growth of electronic protection devices industry. This further gives raise to the need of polyamide in electronic protection devices market, due to their insulation properties and low flammability. For instance, the Voltage Test Station (VTS) from Grace Engineered Products is a permanent electrical safety device that helps quickly and safely validate zero electrical energy from outside the electrical cabinet. This helps in detecting presence or absence of voltage, malfunctions of the disconnect switch and unintended release of stored electrical energy.

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Polyamide in Electronic Protection Device Market Challenges

Availability of other substitutes for polyamide

The availability of substitutes such as polystyrene, polyester, and polybutyleneis are acts as a major challenge to the growth of polyamide in electronic protection device market. These substitutes are relatively cheaper and is easier to handle than polyamide that makes them a better substitute thereby acting as one of the biggest challenge to the polyamide in electronic protection device industry. Polystyrene can be made into various other applications by adding other additives, colorants, foam, other plastics etc. Polystyrene can also be extracted from natural products such as coffee, cinnamon etc. This makes polystyrene a preferred kind of plastic.

Market Landscape

New product launches, acquisitions and mergers, collaborations, expansion and investments are some of the key strategies adopted by players in the Polyamide In Electronic Protection Device Market. Major players in the Polyamide In Electronic Protection Device Market are BASF Group, Formosa Group, Li Peng Enterprise Co. Ltd, Royal DSM, DuPont de Nemours, Inc., Good Fellow Inc., Shenma Industrial Co. Ltd, Radici Group, Huntsman Corporation, Ascend Performance Materials LLC, Arkema SA, Toray Industries Inc. and Evonik Industries AG, among others.

Acquisitions/Technology Launches

In May 2020, Huntsman Corporation acquired CVC Thermoset Specialities for US $ 300 million. Under this acquisition Huntsman Corporation acquire the whole business of CVC Thermoset Specialities including composites, thermosets, adhesives and others. This acquisition helped Huntsman Corporation in growing its Advanced Materials Portfolio.

In February, 2020, BASF acquired Solvay’s Polyamide business for US $ 1.436 billion. This acquisition will help BASF to broaden its engineered plastics solutions to a wider portfolio. The acquisition also broadened BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This facilitated BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

Key Takeaways

Asia-Pacific market held the largest share in the polyamide in electronic protection device market due to the rise in the need and demand for Electronic Protection Devices (EPD) in the building and construction sector in countries like India, China and South Korea.

The increase in the use of polyphthalamide in various key use industries, due to their resistance and durability properties is one of the factors driving the growth of polyamide in electronic protection device industry.

According to the JEITA report 2020, in its October 2020 World Economic Outlook, the IMF forecast that the real economic growth rate would tumble to minus 4.4% in 2020 but bounce back to 5.2% in 2021.

The covid-19 pandemic has affected the polyamide in electronic protection device industry in many ways such as disruption of production and global supply chain.

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Polyamide in Electronic Protection Device Market Size Estimated to Reach $613.2 Million by 2026

Polyamide in Electronic Protection Device Market size is expected to be valued at $613.2 million by the end of the year 2026 and the market is set to grow at a CAGR of 4.5% during the forecast period from 2021-2026. The increase in use of Polyphthalamide (PPA) in various key industries such as electronics & electrical, automobile, and others expanded due to its superior properties like high temperature polyamide, good resistance to heat, and provides a better mechanical structure and this is driving the market growth. Furthermore, the increase in demand for thermosetting polymer that is used for insulation purposes in electronic gadgets and devices is also fuelling the growth of polyamide in electronic protection device industry.

COVID-19 impact

The Covid-19 pandemic has led to the slowdown of polyamide in electronic protection device market in terms of production, supply chain management, and inventory clearance. This has affected the polyamide in electronic protection device market top 10 companies in many aspects like unavailability of raw materials, volatile prices, and slowdown in the growth of the company which has eventually led to the companies incurring huge losses. The marketing and distribution channels were also hugely affected due to the limitations of the lockdown and economic shutdown. This lead to overstocking of their inventories eventually leading the companies to incur huge losses.

Polyamide in Electronic Protection Device Market Segment Analysis - By Product Type

PA 6 segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. PA 6 polyamide is generally used in applications where toughness, lubricity and wear & tear are required, such as gear wheels, rollers, bearings, power tool housings, electrical connectors, coil formers etc. It has excellent heat aging resistance and chemical resistance properties. PA 6 polyamide is also has an excellent surface appearance, especially in filled and reinforced versions, compared to other versions of polyamide, making it a preferred type of polyamide as compared to the other polyamides.PA 6 can withstand temperature up to 310 degree Celsius.

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Polyamide in Electronic Protection Device Market Segment Analysis - By Type

Glass Fiber segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. Glass content makes the product more rigid and flexible giving more stiffness and strength, even after absorbing humidity. The dimensional stability is also better compared to other types of material. It is used in many electrical parts like switches, sockets, plugs, and antenna-mounting devices. It has a specific resistance greater than steel and thus is used to make high-performance. The main feature of glass fiber is that it comes in varying sizes and can be easily combined with many synthetic resins. According to the European Glass Fibre Producers Association, the global glass fibre market reached revenue of US $ 40 billion in the year 2020. Thus, the growth in the glass fiber market, will also drive the growth of this this market.

Polyamide in Electronic Protection Device Market Segment Analysis - By Application

Miniature Circuit Breaker (MCB) held the largest share of more than 25% in the polyamide in electronic protection device market in the year 2020. Miniature Circuit Breaker (MCB) is being used extensively in the present days due to the easiness in handling the equipment and safety from electric shock in using the Miniature Circuit Breaker (MCB). Handing a Miniature Circuit Breaker (MCB) is electrically safer than a fuse, since it is properly insulated and coated. Miniature Circuit Breaker (MCB) automatically switches off electrical circuit during any abnormal condition or any overload. Miniature Circuit Breaker (MCB) is used in generators or invertors.

Polyamide in Electronic Protection Device Market Segment Analysis - By Geography

Asia-Pacific region held the largest share of more than 40% in the polyamide in electronic protection device market in the year 2020. The highest demand from the Asia-Pacific region is due to the availability of cheap raw materials such as nylons, aramids, sodium polyaspartate, and wool. The presence of emerging countries like India, China and South Korea also drive the market growth in APAC region. Furthermore, the growing demand for environment friendly vehicles, developing aviation sector, and growing investment in the infrastructure sector across the region also propels the market growth.

Polyamide In Electronic Protection Device Market Drivers

Surging Demand from electrical and electronics industry

The increase in adoption of polyamide in electronic protection devices owing to various reasons such as cost-effectiveness and environmental friendliness of polyamide is driving polyamide in electronic protection device market. This is one of the main reasons why other thermoset materials such as acrylates, phenolic, epoxies and cyanate esters are being replaced by polyamide in the electronics protection device industry. The raw material used in producing polyamide like caprolactam is cheaper than the other thermoset materials. This is hugely driving polyamide in electronic protection device market. Whereas, the growth in the electronics and IT industrties is also contributing to the market growth. For instance, according to the JAPAN ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRIES ASSOCIATION (JEITA) report 2020, the total global production by the electronics and IT industries is expected to increase by a mere 2% year on year in 2020 to reach $2,972.7 billion.

Technological advancements in electronic protection devices

The evolution of technology in the past few years has contributed to the growth of electronic protection devices. There has been a significant change in the control, testing and commissioning methods, which fuels the growth of electronic protection devices industry. This further gives raise to the need of polyamide in electronic protection devices market, due to their insulation properties and low flammability. For instance, the Voltage Test Station (VTS) from Grace Engineered Products is a permanent electrical safety device that helps quickly and safely validate zero electrical energy from outside the electrical cabinet. This helps in detecting presence or absence of voltage, malfunctions of the disconnect switch and unintended release of stored electrical energy.

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Polyamide in Electronic Protection Device Market Challenges

Availability of other substitutes for polyamide

The availability of substitutes such as polystyrene, polyester, and polybutyleneis are acts as a major challenge to the growth of polyamide in electronic protection device market. These substitutes are relatively cheaper and is easier to handle than polyamide that makes them a better substitute thereby acting as one of the biggest challenge to the polyamide in electronic protection device industry. Polystyrene can be made into various other applications by adding other additives, colorants, foam, other plastics etc. Polystyrene can also be extracted from natural products such as coffee, cinnamon etc. This makes polystyrene a preferred kind of plastic.

Market Landscape

New product launches, acquisitions and mergers, collaborations, expansion and investments are some of the key strategies adopted by players in the Polyamide In Electronic Protection Device Market. Major players in the Polyamide In Electronic Protection Device Market are BASF Group, Formosa Group, Li Peng Enterprise Co. Ltd, Royal DSM, DuPont de Nemours, Inc., Good Fellow Inc., Shenma Industrial Co. Ltd, Radici Group, Huntsman Corporation, Ascend Performance Materials LLC, Arkema SA, Toray Industries Inc. and Evonik Industries AG, among others.

Acquisitions/Technology Launches

In May 2020, Huntsman Corporation acquired CVC Thermoset Specialities for US $ 300 million. Under this acquisition Huntsman Corporation acquire the whole business of CVC Thermoset Specialities including composites, thermosets, adhesives and others. This acquisition helped Huntsman Corporation in growing its Advanced Materials Portfolio.

In February, 2020, BASF acquired Solvay’s Polyamide business for US $ 1.436 billion. This acquisition will help BASF to broaden its engineered plastics solutions to a wider portfolio. The acquisition also broadened BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This facilitated BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

Key Takeaways

Asia-Pacific market held the largest share in the polyamide in electronic protection device market due to the rise in the need and demand for Electronic Protection Devices (EPD) in the building and construction sector in countries like India, China and South Korea.

The increase in the use of polyphthalamide in various key use industries, due to their resistance and durability properties is one of the factors driving the growth of polyamide in electronic protection device industry.

According to the JEITA report 2020, in its October 2020 World Economic Outlook, the IMF forecast that the real economic growth rate would tumble to minus 4.4% in 2020 but bounce back to 5.2% in 2021.

The covid-19 pandemic has affected the polyamide in electronic protection device industry in many ways such as disruption of production and global supply chain.

Related Reports:

A. Polyamide-Imide Resins Market

https://www.industryarc.com/Report/15881/polyamide-imide-resins-market.html

B. Polyamide-6 Market

https://www.industryarc.com/Report/16096/polyamide-6-market.html

For more Chemicals and Materials  related reports, please click here

[daisyri-me]

Polyamide in Electronic Protection Device (EPD) Market Set to Eclipse US$ 502.8 million by 2025

Polyamide in Electronic Protection Device (EPD) Market Set to Eclipse US$ 502.8 million by 2025

The globalPolyamide in Electronic Protection Device [EPD] Market is estimated to stretch US$ 502.8 million by the year 2025. Polyamide in Electronic Protection Device [EPD] is a profitable and environment responsive material. It proposes presentation benefits for example confrontation to scratch and high temperature. This has been inspiring Electronic Protection Device [EPD] companies to…

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Polyamide In Electronic Protection Device Market Is Expected To Ascend At A CAGR Of 3.2% From 2017 To 2025: Grand View Research, Inc.

Polyamide In Electronic Protection Device Market Is Expected To Ascend At A CAGR Of 3.2% From 2017 To 2025: Grand View Research, Inc.

The global polyamide in electronic protection devices (EPD) market size is expected to be valued at USD 502.8 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.2% during the forecast period. Polyamide in EPD is a cost-effective and environment-friendly material. It offers performance advantages such as abrasion and heat resistance, which has been…

[efrost]

Defense Uniform Market Growing Popularity and Emerging Trends in the Industry

Latest business intelligence report released on Global Defense Uniform Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Defense Uniform market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are American Apparel Corporate (United States)

Bluewater Defense, Inc. (United States)

Bernard Cap (United States)

Elevate Textiles (United States)

Rothco (United States)

Seyntex N.V. (Belgium)

Cooneen Group (Northern Ireland)

MMG Trading Ltd (United Kingdom)

Military Uniform Supply, Inc. (United States)

Bizwear (Australia)

Defense Uniform is a standard dress worn by army forces of various nations. In the military uniform market the major trend is nanotechnology fabrics. The reasons behind the high adoption of nanotechnology fabrics, because of its properties such as water repellency, soil resistance, wrinkle resistance, UV protection, and others. As in today’s scenarios, the manufacturers of military uniforms are merging with the electronics industry to provide smart uniform which is in-built with sensors, chips, and many other technologies enable devices. The reason behind smart textiles for faster communications of soldiers’ condition to near medical triage on the battlefield.  Future warrior systems would be equipped with head-up display, wireless weapons, global positioning systems, chemical and biological threat detectors, Soldier of the future battery power, personal physiological status sensors, combat ID sensors. Key Market Trends: High Adoption of Smart Textiles Fabrics with Electronic Components

Nanotechnology Is Increasingly Used Fabric in Army Jacket Manufacturing

Opportunities: Increasing Defense Budgets From Governments Asia Pacific Regions Such As China and India Market Growth Drivers: Increase Government Initiatives towards R&D of Fabric Materials Use For Military Purpose

Growing Demand from Governments across the Globe on Providing Sophisticated Military Clothing

Challenges: High Production Cost Majorly In Smart Textiles Which Involve the Corporation of Electronics

Lack Of Understanding of the Need for Product Requirement, Are Hampering the Market Growth

The Global Defense Uniform Market segments and Market Data Break Down by Type (BulletProof Jackets, Nuclear & Biological Protective Clothing, Chemical Protective Clothing, Gloves, Others), Application (Military, Transportation, Sports, Medical), Material (Cotton, Nylon, Polyester, Poly-Olefins, Acrylic, Polyamide)

Presented By

AMA Research & Media LLP

[prabha194]

Wicketed Bags Market is emerging with CAGR if 4.2 % during 2021–2028

The Wicketed Bags Market was valued at US$ 751.91 million in 2020 and is projected to reach US$ 1,045.62 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.  Wicketed bags are held together on a wicket (thin metal bar).

Wicketed bags are the stacked plastic bags which are held together on a wicket (thin metal bar). The wicket makes it easy to dispense bags and package various items. These enhance the aesthetic appeal of a product and can augment product dispensing, along with durable packaging. Wicketed bag is extensively utilized for packaging bakery bread, fruits, ice, vegetables, baby diapers, meat, and feminine hygiene products. Besides, wicketed bags are extensively used in various end-use industries due to their properties such as high tear resistance, tensile & break strength, transparency, eco-friendly & durability, and others.

The wicket makes it easy to dispense bags and package various items. The bags enhance the aesthetic appeal of a product and can augment product dispensing, along with durable packaging. Wicketed bags are largely used in many end-use industries due to their properties such as high tear resistance, tensile and break strength, transparency, eco-friendly, and durability. They are extensively utilized for packaging bakery food products, fruits, ice, vegetables, baby diapers, meat, and feminine hygiene products. It has been also used for semi-automatic, automatic, and manual load industrial applications.

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Wicketed bag is produced with stacked layers on a wire wicket that is held in place with a chipboard header or rubber washer. It has a bottom gusset and can be prepared with permanent or resealable tape used for easy access. It has a good storage capacity and is utilized to conveniently store frozen foods, baked food items, fresh foods, and pet foods, as well as other essential products.  They are usually composed of materials such as polyethylene, cast polypropylene, polyester, and polyamide. Companies such as Maco PKG. offer wicketed bags that are mostly used for packing food such as ice, apples, potatoes, bread, tortilla, and meat. If consumer requirements insist on automatic and semi-automatic packing, wicketed bags deliver an easy answer. With a wide range of sizes, thicknesses, and substrates, Maco manufactures these bags according to consumer specifications. Some of the options for wicketed bags offered by this company are headers, header seals, bottom gusset, tear starts, flat bottom, perforated lip, and the choice of header size. In addition to meeting all FDA and USDA specifications for food contact, Maco adds some other options to these bags. The company provides volatile corrosion inhibitors (VCIs) to prevent corrosion, ethylene vinyl acetate (EVA) for adhesives, and ultraviolet index (UVI) from protecting the product from UV rays.

Some of the major key players operating in the global wicketed bags market include St. Johns Packaging, Berry Global Inc., Bischof + Klein SE & Co. KG, Mondi, LPS Industries, PAC Worldwide Corporation, UFlex Limited, Coveris, Maco PKG., and Sonoco Products Company, and others. The major players are striving towards expanding their customer base and expanding their presence globally so as to acquire better market position.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: Contact Person: Sameer Joshi  Phone: +1-646-491-9876

[industrynewsupdates]

Plastic Resin Market: Key Trends and Innovations Driving Industry Growth

The global plastic resin market size is expected to reach USD 1.07 trillion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a 4.5% CAGR over the forecast period.  The increasing consumption of plastic resins in construction, automotive, electrical, and electronics applications is boosting the market growth. Government intervention to reduce overall vehicle weight to improve fuel efficiency and reduce carbon emissions has prompted automakers to use resins to replace steel and aluminum in automotive components.

Favorable federal regulations on CO2 emissions set by agencies such as the National Highway Traffic Safety Administration and the Environmental Protection Agency (EPA), as well as EU initiatives to develop plastics applications for light-weight and fuel-efficient cars, are expected to fuel global growth and promote the market. However, the ongoing health crisis and the lockdown imposed by various governments to contain the spread of the coronavirus pandemic have led to a decline in the consumption of plastic resins. It is expected to further negatively impact the market growth in the years to come.

Strict restrictions governing the recyclability and deterioration of traditional building materials like metal and wood are likely to boost the demand for textiles in pipes, windows, cables, storage tanks, and other uses. Plastics are long-lasting and energy-efficient, as well as cost-effective and safe, which encourages their usage in construction. The global market is segmented into crystalline resin, non-crystalline resin, engineering plastics, and super engineering plastics by type. The crystalline resin was the largest segment, accounting for 61.9% of global sales in 2021. The crystalline resin segment mainly includes epoxy, polyethylene, and polypropylene resins.

Gather more insights about the market drivers, restrains and growth of the Plastic Resin Market

Plastic Resin Market Report Highlights

• Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2023 and is further expected to witness maximum growth over the forecast period

• As of 2023, China accounted for the maximum revenue share in the market, with 40.24%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry

• The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector 

Plastic Resin Market Segmentation

Grand View Research has segmented the global plastic resin market report based on product, application, and region: 

Plastic Resin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Crystalline Resin

o Epoxy

o Polyethylene

o Polypropylene

• Non-crystalline Resin

o Polyvinyl Chloride (PVC)

o Polystyrene (PS)

o Acrylonitrile Butadiene Styrene (ABS)

o Polymethyl Methacrylate (PMMA)

• Engineering Plastic

o Nylon

o Polybutylene Terephthalate (PBT)

o Polycarbonate (PC)

o Polyamide

• Super Engineering Plastic

o Polyphenylene Sulfide (PPS)

o Polyether Ether Ketone (PEEK)

o Liquid Crystal Polymer (LCP)

Plastic Resin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Packaging

o Food

o Beverage

o Medical

o Retail

o Others

• Automotive

• Construction

• Electrical & Electronics

o OA Equipment & Home Appliances

o Electronic Materials

o Others

• Logistics

• Consumer Goods

• Textiles & Clothing

o Clothing

o Industrial use

o Others

• Furniture & Bedding

• Agriculture

• Medical Devices

• Others

Plastic Resin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Poland

o Spain

• China

• Asia

o India

o Japan

o Thailand

o Malaysia

o Indonesia

o Vietnam

o Singapore

o Philippines

• Pacific

• Central & South America (MEA)

o Brazil

o Argentina

• Middle East and Africa (MEA)

o Saudi Arabia

o UAE

o Oman

Order a free sample PDF of the Plastic Resin Market Intelligence Study, published by Grand View Research.

[marketsandresearch]

Polyamide in Electronic Protection Device Market Size Estimated to Reach $613.2 Million by 2026

Polyamide in Electronic Protection Device Market size is expected to be valued at $613.2 million by the end of the year 2026 and the market is set to grow at a CAGR of 4.5% during the forecast period from 2021-2026.

[ken-research-market-research]

Global Polyamide in Electronic Protection Device Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Geography and Future Outlook till 2027: Ken Research

Global Polyamide in Electronic Protection Device Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Geography and Future Outlook till 2027: Ken Research

According to the report analysis, ‘Global Polyamide in Electronic Protection Device (EPD) Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states thatNilit Ltd., BASF SE, Royal DSM, Goodfellow, Inc., Toray Industries, Inc., Lanxess AG, Huntsman Corporation, AdvanSix, Inc., Ube Industries, Ltd., EMS Chemie Holding AG,  INVISTA…

[industry365]

Plastic Resins Market Size, Share, Growth and Industry Forecast by 2028

The global plastic resins market size is expected to reach USD 982.3 billion by 2028 according to a new study by Polaris Market Research. The report “Plastic Resins Market Share, Size, Trends, Industry Analysis Report, By Product (Crystalline, Non-Crystalline, Engineering Plastic, Super Engineering Plastic); By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The major factors propelling the resins market growth include increasing demand from the automotive, construction, packaging, and electrical & electronics sector. Increasing demand for contamination-free, long-turn, and eco-friendly packaging is anticipated to fuel the market growth for these resins.

Increasing adoption of electric vehicles and regulatory agencies’ intervention to reduce carbon emission as well as to reduce gross vehicle weight to improve fuel efficiency is expected to boost the market growth of these resins over the coming years.

Get Sample Copy: https://www.polarismarketresearch.com/industry-analysis/plastic-resins-market/request-for-sample

Polymers are widely used in various applications such as textiles and packaging due to their durability, cost-effective & energy-efficient material, and recyclability properties, which in turn is anticipated to fuel the market growth during the forecast period.

Government agencies such as National Highway Traffic Safety Administration and Environmental Protection Agency have collaborated with European Union and have imposed favorable regulations regarding carbon emission will likely boost the industry demand over the coming years.

In the initial stages of the COVID-19 outbreak, resin-related consumer products along with items such as hygiene and packaging products experienced a dramatic and rapid increase in demand; however, these products started experiencing stubborn decline due to lockdown imposed by several governments and disturbance in the supply chain.

Asia Pacific region is projected to dominate the resins industry during the forecast period due to the presence of major manufacturers in countries such as China. Additionally, factors such as rapid urbanization and a growing economy are also responsible for the industry growth in the region.

Key players operating in the resins industry are Arkema S.A., Chevron Phillips Chemical Co., DuPont, LLC, Celanese Corporation, Dow Chemical, Evonik Industries AG, LyondellBasell, Formosa Plastic Group, SABIC, Teijin Ltd., Sumitomo Chemical Company, and Toray Industries, Inc.

Get Discount Offer:  https://www.polarismarketresearch.com/industry-analysis/plastic-resins-market/request-for-discount-pricing

Polaris Market Research has segmented the plastic resins market report on the basis of product, application, and region:

Plastic Resins, Product Outlook (Revenue – USD Million, 2016 – 2028)

Crystalline

Non-crystalline

Engineering Plastic

Super Engineering Plastic

Epoxy

Polyethylene

Polypropylene

Polyvinyl Chloride (PVC)

Polystyrene (PS)

Acrylonitrile Butadiene Styrene (ABS)

Polymethyl Methacrylate (PMMA)

Nylon

Polybutylene Terephthalate (PBT)

Polycarbonate (PC)

Polyamide

Polyphenylene Sulfide (PPS)

Polyether Ether Ketone (PEEK)

Liquid Crystal Polymer (LCP)

Plastic Resins, Application Outlook (Revenue – USD Million, 2016 – 2028)

Packaging

Automotive

Construction

Electrical & Electronics

Logistics

Textiles & Clothing

Furniture & Bedding

Medical Devices

Others

Food & Beverage

Medical

Retail

Others

Office Automation Equipment

Electronic Materials

Others

Clothing

Industrial Use

Others

Plastic Resins, Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

U.S.

Canada

France

Germany

UK

Italy

Spain

Netherlands

Austria

China

India

Japan

Malaysia

South Korea

Indonesia

Singapore

Philippines

Mexico

Brazil

Argentina

UAE

Saudi Arabia

Israel

South Africa

Buy Now: https://www.polarismarketresearch.com/checkouts/9001

[deepestarbiterwasteland]

Epoxy Curing Agent market - Share, Overview, Covid-19 Pandemic Analysis ,Size, Developments, Demand, Growth Strategies, And Forecast Up To 2027

Epoxy curing agent Market – Market Overview

Epoxy is a colloquial name used for epoxide functional group. Epoxy resin is polymeric chemical compound consisting two of more epoxide groups. Curing agent is an additive that helps in toughening or hardening of a polymer material by cross-linking of polymer chains, brought about by electron beams, heat, or chemical additives. After curing, epoxy resin has excellent properties on mechanical strength, chemical resistance, and electrical insulation. The different types of curing agent available in the market are Amines, Polyamide, Imidazoles, Polymercaptan, Anhydrides, and Polymercaptan, among others.

The major applications of epoxy curing agent can found in coatings, construction, adhesives, composites, wind energy, electrical & electronics. The growth of the market is primarily driven by the growing construction activities, rapid urbanization and robust growth of composites market around the world. The emerging economies are investing significant share of their GDP in the infrastructural development, defence and marine sector. Coating is the largest application of epoxy curing agents with its major use in numerous industrial applications in order to protect the metal from corrosion and other harms.  

Increasing global trade has fuelled the growth of transportation sector, which is anticipated to boost the demand of epoxy curing agent market in automotive, marine and aerospace industry. Consumer electronics has witnessed exponential rise in recent decade and is expected to retain the same growth trajectory during the forecast period on account of growing penetration of telecommunication devices and rapid digitization. This is projected to help push the demand for the product in electronics industry. The light weight vehicles in automotive industry is likely favour growth of the market and the trend is expected to remain same during the years to follow. Increasing research & development activities along with growing focus on technological innovations expected to provide fuel for the growth of this market over the review period.

Access Complete Report @ https://www.marketresearchfuture.com/reports/epoxy-curing-agent-market-3133

Key Players:

Evonik Industries AG (Germany), BASF SE (Germany), Huntsman International LLC (US), Cardolite Corporation (US), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (India), Mitsubishi Chemical Corporation (Japan),  Momentive Specialty Chemicals Inc. (US), The Dow Chemical Company (US), and Air Products and Chemicals, Inc. (US), among others are some of the prominent players at the forefront of competition in the global epoxy curing agent market and are profiled in MRFR Analysis.

Epoxy curing agent Market- Competitive Landscape

The global epoxy curing agent is a matured market driven by flourishing growth in transportation sector, automotive industry, along with the building & construction industry.  Evonik Industries AG, BASF SE, Huntsman International LLC, Cardolite Corporation, Mitsubishi Chemical Corporation are the leading players in this market. Majority of these key market participants are adopting he expansion and acquisition tactics in order to strengthen their market position. They are substantially addressing the product needs automotive, defence, marine, and construction industry to enjoy the profitability of this market. Taking into account these trends, the global epoxy curing agent market is likely to witness considerable growth and competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

July 1, 2017- Evonik Industries AG has combined its isophorone chemistry and epoxy curing agents business in the new Crosslinkers Business Line. This newly formed Business Line will be the part of the Resource Efficiency Segment. Crosslinkers Business Line offers a broad range of products and competences for coatings and adhesives, civil engineering as well as for high-performance elastomers and composites. This is projected to expand epoxy curing agent business and technology platform of the company.

September 12, 2017- Hexion Inc. has developed a new epoxy resin curing system which exhibit low fire, smoke and toxicity (FST) properties. This new product will provide manufacturers with a novel, homogeneous material for use in composite parts for aircraft interiors as well as marine, rail and architectural applications. The new epoxy resin system, EPON™ FlameX Resin 9600 / EPIKURE™ FlameX Curing Agent 9700, is halogen and phenolic free. It can be applicable in commercial aviation applications in cargo areas, seat interiors, lavatories, galleys or anywhere not requiring heat release compliance.

February 7, 2017- BASF and Gustav Grolman GmbH & Co. KG entered into an agreement to strengthen their collaboration in Europe for marketing amine-based curing agents for the professional processing of epoxy resins. Grolman expands the marketing of the BASF specialty chemicals under the Baxxodur® brand to France, Norway, Sweden, Finland and Denmark, specifically for use in epoxy resin based applications. This development will boost the sale of the epoxy curing agents in Europe by leveraging upon expertize and diversified know-how of Grolman GmbH.

  NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.