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Japan Alcohol Ethoxylates Market Size, Growth and Trend Analysis, 2014 to 2025

7 January 2019, The Japan Alcohol Ethoxylate Market size is likely to reach close to USD 370 million by 2025, expanding at a CAGR of 5.3% over the forecast period. Increasing demand in the wake of adoption of low foam, easy rinse detergents and cleaners will bode well for market growth in the country. Growing use in detergents, cleaners, and pharmaceutical products is expected to further fuel expansion in the coming years. The market for alcohol ethoxylates is mainly driven by rising demand for low rinse and rinse-free detergents in the healthcare sector. Rise in colleges, universities, hospitals, hotels, restaurants, and laundry and cleaning services is estimated to drive demand for institutional and industrial cleaners.

Rising requirement for highly stable oil-in-water emulsions across paper processing, agrochemicals, and pharmaceuticals among other application industries is expected to boost the market over the forecast period. High adoption of alcohol ethoxylate-based emulsions owing to superior biodegradable characteristics and great stability will further boost growth. Applications as wetting agents for hard surfaces are also expected to drive the Japan alcohol ethoxylates market growth over the forecast period. In addition, demand in dispersions is expected to witness a rise in the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/japan-alcohol-ethoxylates-market

Demand for lauryl alcohol ethoxylates for cleaning purposes in industrial, institutional, and household detergents is expected to drive market growth. Development of manufacturing industry and favorable political environment are expected to drive the market. Japan is one of the leading consumers of ethylene oxide in the world, with a total annual consumption of 590 kilo tons in 2016. As a result, Japan has become one of the major driving factors for global ethylene oxide capacity. Market for fatty alcohol ethoxylates is driven by ready availability of raw materials such as ethylene oxide and fatty alcohol. In addition, high demand from the pharmaceutical industry is expected to propel the Japan alcohol ethoxylate market over the forecast period. Rising usage in the production of agrochemicals is expected to create growth opportunities over the next few years.

The cleaning industry was the leading segment in terms of revenue in 2017 and is expected to remain dominant over the forecast period. Growth in industrial cleaning applications was primarily driven by presence of a large industrial sector in Japan. The market was dominated by the use of surfactants, wetting agents, detergents, and dispersants. Excellent formulation with exceptional wetting, and rapid dissolution properties, coupled with good rinse ability and low aquatic toxicity, are estimated to drive product demand over the forecast period. The Japan household cleaning market is expected to witness significant growth owing to increasing per capita income, resulting in higher living standards. Rising urban population is anticipated to impel demand for hygiene promoting products such as household cleaners.

Hexa Research has segmented the Japan alcohol ethoxylate market report based on product type, application and end use

Segmentation by Product Type

   • Fatty

   • Lauryl

   • Linear

   • Others

Segmentation by Application

   • Emulsifier

   • Dispersing Agent

   • Wetting Agent

   • Others

Segmentation by End Use

   • Cleaning

   • Metal Working

   • Textile Processing

   • Paper Processing

   • Agrochemicals

   • Pharmaceuticals

   • Others

Key players analyzed:

   • AkzoNobel N.V.

   • BASF Japan

   • Clariant Japan Co. Ltd.

   • Dow Chemical Japan Co. Ltd.

   • DuPont K.K.

   • Evonik Japan Co. Ltd.

   • Huntsman Japan

   • Shell Japan Ltd.

   • SABIC Japan LLC

   • Sasol Chemical Japan KK

   • Solvay Japan KK

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-chemicals-industry

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U.S. Polyolefin Market Size, Share, Growth and Industry Analysis Report, 2014 to 2025

23 November 2018, The U.S. Polyolefin Market is expected to reach USD 79.18 million by 2025 as a result of increasing demand from various applications, such as automotive, electronics, film and sheet, and construction. Rising R&D investments by the leading companies to create eco- and user-friendly products are also expected to support the market growth over the forecast period.

Technological advancements in automotive industry in U.S., in terms of carbon emission control and fuel efficiency, are expected to spur demand for low-cost moldable and light-weight plastic. This will drive the U.S. polyolefin market over the coming years. Moreover, high demand for sustainable and safe packaging materials from retail and packaging industries, especially for food products, will also add to the market growth.

Various types of plastics, such as HDPE, LDPE, and LLDPE, are used in varied applications based on their features. Polyolefins are also used in film and sheet and garments sectors as they are nonporous, chemical-resistant, and odorless. Rising demand for beverages and oil containers is also acting as a market growth-driver. Conventional plastics are being replaced by innovative, durable, and cost-effective products.

Browse Details of Report @ https://www.hexaresearch.com/research-report/us-polyolefin-market

Polyethylene and polypropylene, are the most commonly used polyolefins owing to their crystalline structure. They find applications in various end-use markets, such as film and sheet, automotive, and electrical insulation. Polyolefin are also used as a prototype for CNC machines and 3D printers. Rapidly expanding application areas are expected to contribute toward the market growth.

The ethylene vinyl acetate product segment is expected to witness steady growth over the coming years as it is widely used in the packaging and processing industry. It also finds applications in general assembly, mattresses, filtration, and film and sheets sector due to the properties, such as opacity, film smoothness, weatherability, and dispersibility.

Polypropylene M60RHC, Cryovac D-955 Polyolefin Shrink Film Roll are some of the commonly used products across various industries in U.S. Regulatory framework, such as OSHA and ASHRAE, have been initiated by the U.S. government to ensure ecofriendly product deliverance. The U.S. polyolefin market is oligopolistic in nature with major companies commanding around 40% of the market share.

The market is expected to witness considerable growth due to establishment of new reforms and rising awareness regarding using sustainable, low-cost products. Some of the key market participants include Sinopec Corporation, LyondellBasell Industries Holdings N.V, Petrochina Company Limited, ExxonMobil Corporation, The Dow Chemical Company, Total SA, Chevron Corporation, Repsol, Braskem, and Borealis AG.

Hexa Research has segmented the U.S. polyolefin market report based on product type and application:-

Segmentation by Product Type     • Polyethylene     • Polypropylene     • Ethylene Vinyl Acetate     • Thermoplastic Olefin

Segmentation by Application     • Film & Sheet     • Injection Molding     • Blow Molding     • Profile Extrusion

Key players analyzed     • LyondellBasell Industries Holdings N.V     • DowDuPont     • Total SA     • Chevron Corporation     • Repsol     • ExxonMobil     • Braskem     • Sinopec      • PetroChina Company Limited     • Borealis AG

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/specialty-and-fine-chemicals-industry

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Green and Bio-Solvents Market Size, Growth and Industry Analysis Report, 2015 to 2025

1 November 2018, the global Green and Bio-Solvents Market size is anticipated to showcase significant growth over the forecast period. Shift of industries towards green and bio-based products is projected to be one of the major market drivers. Rise in chemical pollution has forced governments from across the world to lay down stern regulations for protection of environment. Governments have formulated policies to reduce emission of Octadecylsilanized Silica (ODS), Volatile Organic Compound (VOC), and other hazardous air pollutants. This factor is expected to further stimulate market growth in the near future.

Conventional solvents use petrochemicals as raw materials. Green or bio-solvents, on the other hand, do not use traditional resources. Use of these products reduces over dependency on conventional petrochemical solvents and chemical exporting countries. Uncertainty over crude oil prices is expected to open new avenues for market players. Rising adoption of bio-based products over traditional alternatives is anticipated to facilitate market expansion in the years to come.

However, cost effective production is expected to pose a challenge for the growth of the green and bio-solvents market in the near future. There is a high cost difference between production process for traditional and bio-solvents, owing to limited availability of appropriate and advanced technologies. This is a key factor restraining the growth of the market.

Browse Details of Report @ https://www.hexaresearch.com/research-report/green-bio-solvents-market

Green and bio-solvents find applications in asphalt paving and roofing shingles. High VOC content in asphalt paving can harm environment. This factor is anticipated to bode well for global market expansion. Trends such as limited usage of VOC emitting products and encouragement for non-VOC products in several European countries are creating growth opportunities for the market. Applications in activities such as heavy oil and bitumen extraction from Canadian tar sands and replacement of petroleum solvents are anticipated to propel the market over the forecast period.

Paints and coatings made using conventional solvents may cause skin allergies, especially among people allergic to chemicals and other substances. Hence, there is a high demand for green solvents over conventional alternatives. This factor is anticipated to augur well for the global market in the forthcoming years.

Adhesive, paints and coatings, printing inks, and pharmaceuticals, and cosmetics are major applications of green and bio-based solvents. Soy methyl esters, fatty acid esters, lactate esters, polyhydroxyalkanoates, and D-limonene are some of the major products available in the market.

North America and Europe are considered as the key regions in the green and bio-solvents market owing to increasing application of paint and coating in commercial and residential buildings. High demand for automotive coating and presence of big pharmaceutical companies headquartered in countries such as U.S., Germany, Canada, and France will further boost the demand for green and bio-solvents. Strict environment protection norms are helping growth of the market in Europe among other developed regions.

Asia-Pacific is expected to grow at the significant pace during the forecast period owing to high demand from the cosmetic industry. Rising awareness regarding environment protection is anticipated to further impel regional growth in near future. Emerging economies such as India and China support green initiatives and provide incentives such as relaxation in tax returns. This factor is projected to positively influence market expansion in the forthcoming years.

Key market players are Archer Daniels Midland Company; BASF SE; Huntsman Corporation; BioAmber, Inc.; Florida Chemical Company; The Dow Chemical Company; E.I. Du Pont de Nemours & Co.; Vertec BioSolvents. Inc.; Flotek Industries, Inc.; Cargill Incorporated; and Cremer Oleo GmbH & Co. KG.

Most companies have adopted new product development, mergers and acquisitions, and partnerships and collaborations as major business strategies. These strategies are expected to help them gain a competitive advantage and high market share in the forthcoming years.

In August 2015, BASF SE introduced new bio-based Polyol, which helps in manufacturing extremely low-emission 2K PU coatings for exterior and interior applications. The polyol can be utilized in coatings exposed to potable water, semi-structural adhesives, and industrial floorings.

In May 2013, Flotek Industries, Inc. a developer and distributor of innovative specialty chemicals and down-hole drilling and production equipment acquired Florida Chemical Company, Inc., a producer of large volumes of d-Limonene and flavor and fragrance compounds. This acquisition will help Flotek Industries Inc. to reduce its raw material importing cost.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/renewable-chemicals-industry

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Global Crop Protection Chemicals Market Share, Growth and Industry Analysis Report, 2015 to 2025

1 November 2018, Global Crop Protection Chemicals Market is anticipated to witness a steady growth on account of modernisation in agricultural techniques. The overall market is projected to expand at a healthy CAGR over the forecast years. These substances are specially designed to either destroy the pests or keep them away from crops. These compounds work on push-pull methods. Push method consists of those chemicals that keep pests away from the yield. On the other hand, pull techniques involve those that destroy pests by attracting them towards the yield.

Target pests include insects, weeds, microbes, worms, birds, and mammals. Constantly increasing food demand, due to growing population, has driven many sectors associated with the agriculture industry including crop protection chemical market. Crop compounds variety has witnessed a significant rise in the recent years leading to a rise in agricultural harvest.

The necessity for increasing per hectare yield coupled with growing pest free food demand is expected to drive the global industry demand over the forecast period. These chemicals help boost the overall efficiency, which is also projected to have a positive impact on the global market growth. Moreover, these compounds offer better timelines and flexibility for crop harvest. Growing need to increase per hectare yield and gain high margins due to rising food demands across the globe is expected to fuel industry growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/crop-protection-chemicals-market

In addition, wide acceptance of modern farming techniques along with government support and initiatives encouraging the usage of these methods is also likely to augment the market development in the years to come. Going by the Darwin’s theory of evolution, many insects show chemical resistance, which is highly effective. This factor may hinder the growth of this market. Moreover, adverse health effects associated with these chemicals, such as irritation and breathing problems, may also restrain market expansion. Moreover, some chemicals drift in water bodies and have been one of the leading causes of water pollution in recent years.

Dichlorodiphenyltrichloroethane (DDT), one of the primary insecticide, is banned in several countries as the compound is carcinogenic in nature. Modern agricultural techniques implementation in emerging economies including India and China provide great opportunities for the market. Increasing consumer awareness, especially in the rural areas due to educational programs related to agro-business, provides bright prospects for the global industry. Trends have shown that local municipalities have been using pesticides to control the spread of diseases including malaria, flu, and plague.

Such alternative applications of these chemicals are expected to drive global market further. The global industry can be segmented by chemical type into herbicides, fungicides, insecticides, and others. Herbicides are used for destroying plants and weeds that weaken the crop by extracting its nutrients. Fungicides are used to protect crops getting infected by fungi. Insecticides help in protecting the plant from insects. Other categories include avicides for birds, rodenticides for rodents, and miticides for mites.

Asia Pacific led the global industry and the trend is expected to continue over the forecast period mainly due to the presence of agricultural economies. Emerging economies including India, Indonesia, and China are projected to provide excellent opportunities for the market growth. SAARC countries including Pakistan, Sri Lanka, and Bangladesh are scheduled to show decent growth mainly on account of government funding in these regions.

It was followed by North America and Europe on account of modern agricultural practices introduced and practiced in these regions. These regions are projected to show a notable growth over the forecast period. South America and Africa has shown significant consumption of these products in recent years on account of developing agrarian sector in Brazil, Egypt, and South Africa.

Some of the key companies in the global crop protection chemicals market include Natural Industries, Inc.; Syngenta AG; Monsanto Co.; Bayer AG; The Dow Chemical Company; BASF SE; E. I. du Pont de Nemours and Company; Chemtura Corp.; Cheminova; Chr Hansen Holding A/S; FMC Corp.; Marrone Bio Innovations; Isagro SpA; Ishihara Sangyo Kaisha Ltd.; Nufarm Ltd.; Novozymes A/S; ADAMA Agricultural Solutions Ltd.; Sumitomo Chemical Co., Ltd.; and Valent BioSciences Corp.

The overall market has witnessed a significant number of mergers and acquisitions in recent years. Major companies are focusing on strengthening their global presence through local business acquisitions. In 2013, Belchim Crop Protection acquired ISEM's fungicide technologies. Similarly, in 2014, De Sangosse acquired Alpha Pesticides in Great Britain. Many leading companies are investing in the crop protection chemicals manufacturing and development initiatives on account of tremendous growth opportunities associated with the global industry. The growing product demand is forcing global companies to widen their portfolio by introducing new crop protection offerings.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/agrochemicals-and-fertilizers-market

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Fracking Fluid and Chemicals Market Growth, Trends and Forecasts, 2015 to 2025

The global Fracking Fluid and Chemicals Market is anticipated to witness steady growth over the forecast period. These are utilized in hydraulic fracturing for the recovery of oil and shale gas. This stimulus is typically carried out once throughout the productive existence of a well and it helps in eradicating gas and oil, thus improving well efficiency. This factor is anticipated to drive the market growth over the forecast period.

Integral components of fracking chemicals and fluids differ depending on the type of fracturing, situations of wells, and condition of water in the field. A typal fracture treatment uses around three to 12 chemical additives. This process is initially employed to extract coalbed methane (CBM), unconventional liquids, shale gas, tight gas, and other products which are hard to convalesce through usual drilling processes.

Growth in adoption of unconventional resources of gas and oil such as shale and CBM is expected to drive market over the forecast period. Many recognized businesses are using hydraulic fracturing for conventional gas and oil resources. Growing concern among countries regarding safe energy resources is anticipated to further impel market expansion. Requirement of fuel for industrial and domestic consumption is expected to further boost market over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/fracking-fluid-chemicals-market

The market has acknowledged backward integration of companies into manufacturing of fracking chemicals and fluids. Hydraulic fracturing enterprises have set up different departments for the expansion of oilfield chemicals that produce fluids and chemicals with the required properties. Demand from areas with potential for unconventional gas reserve is expected to bode well for product demand in near future.

Efforts for energy sovereignty are expected to drive the market over the forecast period. Various countries are eager to ascertain energy security. Hence, many government bodies are adopting wide-ranging alternatives to natural gas. For example, utilization of natural gas as fuel source for vehicles. Low price of natural gas is also expected to drive the demand.

However, widespread opposition owing to harmful impact of hydraulic fracturing on environment is anticipated to hinder growth of the global market. Ecological effects such as climate change, air pollution, rising risk of earthquakes, higher water consumption, and water contamination are some of the biggest challenges for the market. Various countries have laid down stern regulations over utilization of hydraulic fracturing. This factor is also expected to challenge market expansion to an extent.

Having said that, the objective of these countries to accomplish energy security through domestic gas production is expected bode well for market growth. Rising concerns regarding the consumption of water in restricted supply regions and other environmental hazards can be tackled by using foam-based fluids. This alternative utilizes less water and could assist companies in addressing concerns over ecological effects of fracturing.

North America, Europe, Africa, Asia Pacific and Middle East are the major geographic regions in the market. Augmented fracturing activities to boost extraction of gas and oil from North American reserves is poised to drive regional market. Asia Pacific is projected to register fastest growth over the forecast period on account of rapid technological advancements and high demand for energy resources.

Socioeconomic and industrial growth in emerging economies is driving the fracking fluids market in Asia-Pacific, Africa, and Latin America. Cross-linker, biocide, corrosion inhibitor, gelling agent, adjusting agent, surfactant, friction reducer, breaker, clay stabilizer, pH adjusting agent, and acids and scale inhibitors are some of the prominent types of liquid bases used in the industry. Fracking is performed on the basis of foam-, water-, and gelling oil-based fluids.

Some of the key players in the global fracking fluid and chemicals market are Akzo Nobel, FTS International, Baker Hughes, Calfrac Well Services, Trican Well Services, Clariant, BASF, Dow Chemical, Halliburton, Albemarle, Chevron Phillips Chemical, Weatherford, Solvay and DuPont. Key companies are Baker Hughes, Schlumberger, and Halliburton. All of these companies are integrating their business processes to develop fracking fluids and chemicals. Hands-on knowledge of top players in hydraulic fracturing gives them the advantage to produce the most suitable materials.

The market is highly fragmented on account of a vast number of industry players. However, it is strengthened by the top three companies capturing the larger share of the overall market. The fracking products are processed further by the hydraulic fracturing service providers themselves through vertical integration or are resourced from chemical manufacturers. The market is highly fragmented on account of a vast number of industry players.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry

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U.S. Kaolin Market Size, Application Analysis and Forecast, 2014 to 2025

The U.S. Kaolin Market size valued at USD 1.29 billion in 2016, is anticipated to be driven by the growing consumption of cement, fiberglass, plastics, paints, and adhesives in numerous end-use sectors including construction and automobile. Rising infrastructure spending coupled with the increasing automobile production is expected to propel growth.

Kaolin is used in a variety of products that are utilized in the construction industry including cement, paints, adhesives, plastics, rubber, ceramics, and fiberglass. The penetration for kaolin in these applications has been increasing as they are not only effective in bringing down the overall cost of the final product, but they also increase the durability of the base material.

Fiberglass is used mesh fabrics, self-adhesive tapes, and wall covering owing to its ability to add strength and resistance to impact and fire. Fiberglass in the form of GFRP composites is used in a wide range of end-use sectors including wind energy, transportation, aerospace, marine, and civil construction. The growth of these end-use sectors on account of improving economic conditions in the country is anticipated to drive the demand for fiberglass, and in turn, the kaolin market. Fiberglass market is estimated to generate revenues worth USD 549.1 million by 2025.

Browse Details of Report @ https://www.hexaresearch.com/research-report/us-kaolin-market

Technological advancements in the process of manufacturing plastics have resulted in the incorporation of numerous additives including fillers such as kaolin. Increasing production of plastics is expected to augment the demand for kaolin over the forecast period. The segment is projected to grow at a volume CAGR of 5.3% over the projected period.

The U.S. plastic production increased from 108,183 million pounds in 2014 to 110,781 million pounds in 2015. Infrastructure development and growth of the manufacturing sector is expected to augment the demand for plastics, thereby bolstering the expansion of the kaolin industry.

The market is characterized by frequent changes in prices primarily due to volatile product demand as well as a rise in production costs. Demand plays a significant role in determining the price cap of the product, as bulk production assists in lowering costs. However, volatile movement of the paper, and oil & gas markets have been resulting in adversely impacting the profit margins of manufacturers.

Imerys, KaMin, Thiele Kaolin and BASF are some of the prominent players within the U.S. industry. Other leading vendors include Advanced Primary Minerals Corp., Active Minerals International, Vanderbilt Minerals, LLC, and Lhoist Group.

Hexa Research has segmented the U.S. kaolin market based on application:

Segmentation By Application, 2014 - 2024 (Kilo Tons) (USD Million)

• Paper

• Ceramics

• Fiberglass

• Paints & adhesives

• Rubber

• Plastics

• Cement

• Others

Key players analyzed:

• Thiele Kaolin

• BASF SE

• Imerys SA

• Advanced Primary Minerals Corp.

• KaMin LLC

• Active Minerals International

• Vanderbilt Minerals, LLC

• Lhoist Group

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Bioplastic Packaging Market Overview and Growth Analysis, 2014 to 2024

The global Bioplastic Packaging Market to reach USD 34.24 billion by 2024, driven by the rising consumer demand for resource efficient and eco-friendly products. Europe was the largest market accounting for 32.7% of the volume share in 2016 due to supporting regulations coupled with consumer awareness regarding the conservation of the environment. North America and Asia Pacific followed suit, where the regions together are expected to contribute USD 3.26 billion by 2024.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as foraying into R&D of application of new biopolymers into mainstream applications. For instance, in October 2016, BASF and Avantium entered into a joint venture to form Synvina JV, which will manufacture and market FDCA and PEF. Synvina JV has a production capacity of 50,000 metric tons per year for FDCA and PEF.

Moreover, companies are focusing on R&D to expand the utilization of different raw materials such as PBS, PLA, and PBAT in various mainstream packaging applications. For instance, in April 2017, UK-based Biome Bioplastics developed a fully compostable and recyclable coffee cup made entirely from bioplastic materials. These factors together are expected to provide an impetus to the growth of the bioplastic packaging market over the next seven years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/bioplastic-packaging-market

PET dominated the global market contributing to USD 1.84 billion in 2016. The polymer was extensively used in rigid packaging on account of its high durability, transparency, and ease of moldability. Initiatives undertaken by companies such as Coca-Cola, P&G, and Heinz to use bio-based materials for packing beverages, sauces & spreads and cosmetics is expected to bolster the growth of the rigid packaging market.

Increasing demand for flexible packaging solutions on account of several benefits including size and weight particularly in food applications coupled with rising demand for biodegradable films is anticipated to boost the growth of the market. The segment is expected to grow at a volume CAGR of 20.6% from 2017 to 2024.

Food packaging accounted for 9% of the overall market share in 2016 and is likely to witness above average growth as a result of rising consumer requirement for eco-friendly packaging. Aesthetic attributes such as transparency, size, weight and presentation are expected to drive the growth of the segment over the projected period.

The growth of the global bioplastic packaging industry driven primarily by consumer demand is also likely to be favored by the implementation of stringent regulations for its synthetic counterparts. Despite the fall in crude oil prices, companies such as BASF, Arkema Dow, Solvay, and Braskem are continuing production at their facilities and focusing on R&D. These factors are likely to result in a tremendous growth of the global bioplastic packaging market growing at a revenue CAGR of 28.3% over the next seven years.

Hexa Research has segmented the global bioplastic packaging market on the basis of raw material, product, application and region:

Segmentation by raw material, 2014 - 2024 (Kilo Tons) (USD Million) • Polyethylene terephthalate (PET) • Polyethylene (PE) • Other non-biodegradable polymers • Polybutyrate (PBAT) • Polybutylene succinate (PBS) • Polylactic acid (PLA) • Polyhydroxyalkanoates (PHA) • Starch blends 

Segmentation by product, 2014 - 2024 (Kilo Tons) (USD Million) • Rigid • Flexible

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million) • Plastic bottles • Food packaging • Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million) • North America     • U.S. • Europe     • Germany     • UK • Asia Pacific     • China • Central & South America     • Brazil • MEA

Key players analyzed: • Arkema Inc. • BASF SE • The Dow Chemical Company • Novamont • Corbion • Solvay • Toray • Braskem • NatureWorks, LLC • Royal DSM N.V.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/renewable-chemicals-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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Acetone Market Growth Rate and Future Outlook, 2014 to 2024

The global Acetone Market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate & Bisphenol-A.

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factor for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in automotive industry.

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

Browse Details of Report @ https://www.hexaresearch.com/research-report/acetone-market

Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow the market growth of acetone.  Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

Hexa Research has segmented the global acetone market market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million) • Solvent • Methyl methacrylate (MMA) • Bisphenol-A (BPA)

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million) • North America     • U.S. • Europe     • Russia • Asia Pacific     • China     • India  • Central & South America     • Brazil • MEA

Key players analyzed: • INEOS Phenol company • Mitsui Chemicals • The DOW Chemical Company • Shell • Minda • U.S. Chemicals • Formosa Chemicals • Sunoco • Conchemco

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-chemicals-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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Automotive Plastics Market Growth and Future Outlook, 2016 to 2024

The Global Automotive Plastics Market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years.

Alloys & metals are increasingly being substituted with plastics in automobile parts. This leads to enhanced component performance & chemical corrosion resistance owing to reduced vehicular weight. Greater focus on emission control and on the reduction of vehicle weight will fuel market demand during the forecast period. Other market drivers are enhanced vehicle designs and demand for automobiles. The automotive market has been witnessing a growing trend towards vehicular weight reduction for enhanced fuel efficiency.

Besides reducing the weight of vehicles, these compounds are employed to enhance aesthetics, reduce vibrations, and decrease noise & cabin insulation. However, high costs of raw materials and substantial investments could hinder market growth. Most automotive plastic products are derived from petrochemicals. The availability of crude oil determines the supply of petrochemicals. The non-recyclable nature of automotive plastics can impede market progress.

Browse Details of Report@ https://www.hexaresearch.com/research-report/automotive-plastics-industry

The global automotive plastics market is categorized into products, applications, and regions. Products include polyethylene, acrylonitrile butadiene styrene (ABS), polyurethane, polypropylene, polyvinyl chloride (PVC), polycarbonate, polyamide, and polymethyl methacrylate (PMMA). Polypropylene led the market in 2014 with a revenue exceeding USD 5 billion. Engineering metals & plastics are increasingly being replaced by PP-based materials in the production of automobile parts. This leads not only to vehicular weight reductions but also to significant costs savings. Polypropylene and polyethylene foams are commonly used for vibration and noise dampening & thermal solidity.

PMMA holds a smaller market share. However, this segment may witness substantial growth in the forecast period. This owes to the widespread application of PMMA in automobile light covers, windows, trims, and glazing. It is also used as a replacement for glass.

Based on applications, the automotive plastics market is divided into electrical components, power train, under the hood, interior & exterior furnishings, and chassis. In 2014, electrical components held the largest share and surpassed USD 6 billion. Interior & exterior applications held a share of over 32% in 2014 and can grow at a CAGR of over 9% during the forecast period. Bumper systems, fascia systems, body & light panels, and steering wheels are the key components that use automotive plastics. ‘Power trains’ is anticipated to be the fastest growing segment and may register a CAGR of over 10% during the next eight years.

Based on regions, the global automotive plastics market is segmented into Asia Pacific, Europe, North America, and Rest of the World. The Asia-Pacific automotive plastics market dominated the industry in 2014. In terms of revenue, the region reported USD 9.5 billion during the same year. The shift of automotive manufacturing units to countries, such as India, China, Thailand, and Indonesia propels the Asia Pacific market. Demand is attributed to supportive government initiatives and the availability of cheap labor. Central & South America could grow at a decent CAGR of over 10.5% from 2016 to 2024. Major companies operating in the industry are Johnson Controls, The Dow Chemical Company, Akzo Nobel N. V., Delphi Automotive PLC, and Evonik Industries A. G.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

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Plastics Market Growth Rate and Application Trends, 2012 to 2020

The global Plastics Market is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a number of conventional materials such as paper, wood, metal, leather, glass, and ceramic in the majority uses. This is also projected to boost the global market. Moreover, various technologies that reprocess plastics are anticipated to be the key growth drivers for the global market.

However, the fluctuating prices of raw materials along with the rising environmental concerns related to plastic disposal are likely to hamper the market growth in the near future. To beat such challenges, the market players have shifted their focus towards developing some bio-based alternatives to usual plastics. The industry is categorized into products, applications, and regions.

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The products sector comprises Polyvinyl Chloride (PVC), polystyrene, Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), and engineering thermoplastics. The PE sector dominated the overall plastics market in 2013 accounting for over 35 % of the global market share. The rising demands from various end-use segments such as food & beverage packaging, injection molding, etc. led to the biggest market share. The PET sector is anticipated to be the fastest growing product sector with a CAGR of 9 % from 2014 to 2020. The rising demands for PET plastics from the carbonated soft drink packaging market are projected to further augment the demands for PET plastics during the next few years.

The application sector includes injection molding, film & sheets, construction, packaging, textiles, and transportation. The films & sheets sector occupied over 45 % of the global share in 2013. Films & sheets are mainly utilized in food packaging and pharmaceuticals. This is said to boost the product demands in the near future. The application in plastic pipes is also likely to experience a substantial growth with a CAGR of 6 % over the forecast period.

Asia-Pacific was the largest regional market for plastics in 2013. The European & North American markets are quite mature and are said to grow slowly than other regions. The Central & South America region is estimated to register the maximum CAGR of over 6.5 % from 2014 to 2020.

Major companies in the plastics market are Saudi Basic Industries Corp.; E. I. du Pont de Nemours and Company; and BASF SE.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

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Citric Acid Market Growth Rate and Future Outlook, 2014 to 2024

The global Citric Acid Market is expected to reach USD 5.73 billion by 2024 driven by its increasing use in food & beverages and household detergents & cleaners. The growth of these end-use industries, particularly in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the projected period.

The biobased and chelating characteristics of citric acid make it a viable solution to several toxic substances used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding cleanliness and hygiene is expected to augment the demand for detergents & cleaners, resulting in a volume CAGR of 3.8% over the projected period.

Asia Pacific dominated the global industry accounting for 29.6% of the global citric acid market volume share in 2016.

Rapid industrialisation resulting in the presence of large-scale manufacturing bases for food & beverages, pharmaceuticals, and cosmetics is expected to augment the demand for the chemical as an intermediate in several processes.

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Increasing healthcare expenditure coupled with rising number of ailments across the world is expected to augment the demand for pharmaceuticals. The demand for citric acid in pharmaceutical applications was estimated to be 153.1 kilo tons in 2016 and is projected to progress in tandem with the development of the pharmaceutical sector.

The difference in the properties of citric acid has resulted in making it suitable for use across a broad range of applications. The dual use of citric acid as a preservative as well as a flavouring agent in foodstuffs is expected to augment its demand for household purposes. Moreover, its suitability for a broad range of cuisines makes its suitable for restaurants. Increasing standard of living of consumers is expected to augment the demand for the product over the projected period.

In line with the growing demand for the chemical, manufacturers such as Jungbunzlauer, ADM, and Cargill are focusing on increasing their market presence through R&D to introduce innovative products catering to niche application segments. Thus, the growth of the food & beverages, pharmaceutical, and cosmetic industries coupled with the eco-friendly properties of the product is expected to drive the growth of the citric acid market over the forecast period.

Hexa Research has segmented the global citric acid market on the basis of application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Food & beverages

• Household detergents & cleaners

• Pharmaceutical

• Cosmetics

• Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

   • U.S.

• Europe

   • Germany

• Asia Pacific

   • China

   • India

• Central and South America

   • Brazil

• MEA

Key players analyzed

• Archer Daniel Midland

• Cargill

• COFCO Biochemical (Anhui)

• Gadot Biochemical Industries

• Jungbunzlauer Suisse

• Citrique Belge

• Tate & Lyle

• Weifang Ensign Industry Co., Ltd.

• RZBC GROUP CO., LTD.

• Huangshi Xinghua Biochemical

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

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Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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Phosphate Rock Market Analysis and Segment Forecast, 2014 to 2024

The global Phosphate Rock Market is expected to reach 268.0 million tons by 2024 as a result of its increasing demand in the downstream sector for producing fertilizers. It is the only global resource which is used in agriculture and fertilizer industry.

The mineral is a vital ingredient used for manufacturing NPK fertilizers. Therefore, the growing demand for fertilizer is expected to be the primary driving factor for the growth of the market over the next few years. Moreover, the absence of substitutes is expected to result in negligible substitution threat.

Additionally, one of the factors for fertilizer consumption growth is directly related to the global increasing calorie consumption per capita. High-calorie consumption foods are becoming popular, with rising prevalence of oilseeds, dairy and meat which are directly increasing the demand for stock feeds, grain, and agricultural production.

Demand for phosphate rock in Asia Pacific was 127.94 million tons in 2016 and is anticipated to maintain its dominant position over the forecast period owing to the presence of numerous agriculture-oriented economies. Rising demand for the mineral as an additive for feed & food as well as manufacturing of industrial chemical coupled with the growth of the manufacturing sector in the region is expected to drive the market. In developing countries such as Brazil, China and India, growing demand for cleansing and detergent agents are projected to drive the market in the coming few years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/phosphate-rock-market  

Europe and North America has implemented regulations banning the use of phosphate in detergents, as the mineral mixes with water which can result in causing harm to the aquatic life by producing additional phosphorous which results in the death of fish, dolphins, and aquatic plants.

Among fertilizers, food & feed additives and industrial chemicals, fertilizer segment dominates the market by contributing 203.8 million tons in 2016 and is expected to maintain its position during the forecast period. Fertilizers comprise of different compositions of three main crop nutrients phosphorus (P), nitrogen (N), and potassium (K).

One of the major factors that are expected to hinder the growth of the phosphate rock market is the rapid depletion of these reserves and increasing demand for its derivatives as there is no other alternative for these products. The leading manufacturer in these markets is MBAC Fertilizer, Potash Corp, Phosphate Resources Limited, Grange resources, Mosaic, WENGFU Group, Agrium, Shaw River Manganese, Anglo American, and Sterling Group Ventures Inc.

Hexa Research has segmented the global phosphate rock market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Fertilizer

• Feed & Food Additive

• Industrial Chemicals

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

   • U.S.

• Europe

   • Russia

• Asia Pacific

   • China

   • India

• Central & South America

• Middle East and Africa

   • Morocco

Key players analyzed:

• MBAC Fertilizer

• Potash Corp

• Phosphate Resources Limited

• Grange resources

• Mosaic

• WENGFU Group

• Agrium

• Shaw River Manganese

• Anglo American

• Sterling Group ventures Inc.

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website: https://www.hexaresearch.com/

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Phenol Market Analysis and Growth Report, 2014 to 2025

The global Phenol Market is anticipated to reach USD 31.73 billion by 2025, driven by the rising demand for derivatives such as epoxy resins, polycarbonates, nylon, phenolic resins, detergents and pharmaceuticals. These derivatives are important intermediates for manufacturing an extensive range of industrial products and are expected to boost the market over the forecast period.

Asia Pacific had the highest market share in terms of revenue and volume and is expected to maintain its position over the forecast period. Furthermore, China and India have been driving the regional market owing to the increased consumption of the derivatives, produced from phenol to manufacture industrial products. Asia Pacific market is expected to grow at a CAGR of 4.9% over the projected period. Europe and North America are likely to grow at a steady state as a result of stringent government norms to use this product as it is toxic and harmful to the environment.

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Bisphenol-A dominated the market accounting for 48.8% of the volume share in 2016. It is one of the major derivatives used to produce polycarbonates and epoxy resins. Moreover, growing importance in the use of sustainable energy owing to rising crude oil prices is expected to drive the demand for epoxy resins. These are thermosets that have an exclusive blend of chemical resistance, toughness and strong adhesion. It is used as a coating application in wind turbine rotor blades, electrical equipment, steel pipes and metal cans & containers.

However, phenolic resins are the fastest growing segment in terms of both volume and revenue share. These are synthetic polymers and are used for making molded products such as laboratory countertops, billiard balls and as adhesives & coatings which are anticipated to fuel the market over the forecast period.

There is a huge competition among the established players and companies have to comply with environmental regulations implemented by the EPA and European Commission. The presence of a stringent regulatory framework is expected to increase the entry barriers for new players.

The majority of the companies in the field enter into a joint venture agreement with other manufacturers and distributors to expand its presence and meet the requires demand in the particular regions. The leading players operating in the phenol market include INEOS Phenol, Mitsui Chemicals, Aditya Birla Chemicals, PTT Phenol, CEPSA Quimica, Shell Chemical, LG Chem, Honeywell Resins & Chemicals, Shandong Sheng Quan Chemicals Co. Ltd., and SABIC Innovative Plastics.

Hexa Research has segmented the global phenol market based on end-use and region:

Segmentation by end use, 2014 - 2025 (Kilo Tons) (USD Million) • Bisphenol-A • Phenolic resins • Caprolactam • Others

Segmentation by region, 2014 - 2025 (Kilo Tons) (USD Million) • North America     • U.S. • Europe    • Russia • Asia Pacific    • China    • India • Central & South America    • Brazil • Middle East & Africa

Key players analyzed • INEOS Phenol • Mitsui Chemicals • Aditya Birla Chemicals • PTT Phenol • CEPSA Quimica • Shell Chemical • LG Chem • Honeywell Resins & Chemicals • Shandong Sheng Quan Chemicals Co. Ltd • SABIC Innovative Plastics.

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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - https://www.hexaresearch.com/

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Synthetic Lubricants Market Analysis and Forecast, 2016 to 2024

The Synthetic Lubricants Market is anticipated to register nearly 2 percent CAGR during 2016 to 2024 (forecast period). This signifies considerable market expansion in the same period. Growing end-users, such as industrial and automotives across developing nations, like China and India, should account for the same. These products are highly popular due to their favorable properties as against conventional lubricants.

Some of these properties include wear & tear protection and outstanding thermal stability. These coupled with heavy ‘load holding’ & low ‘friction’ features are also likely to drive market growth in the near future. Innovative technologies, such as ester-based fire-resistant oils are incorporated across different industries & sectors. Moreover, several major OEMs have imposed food lubrication NSF standards to adopt PAO products in beverages, nutrition, & food sectors.

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All these factors can open novel market prospects. However, a primary market restraint involves high prices of these products in comparison to their mineral counterparts. Additionally, rising consumption of mineral oils, particularly in India & China, will have a negative market impact over the forecast period. Also, inaptness of PAOs with PAG & other conventional mineral oils may hinder the market in the eight years ahead.

Expanding automotives & urbanization could also propel market sales. Favorable properties of these lubricants augur well for the synthetic lubricants market. The market is fragmented by products, applications, and geographies. Products consist of esters, PAG (polyalkylene glycol), group 3 (hydrocracking), and polyalphaolefin (PAO). PAO reigned recently and is expected to continue likewise till 2024.

PAO based lubricants are compatible with other mineral & synthetic oils. Their compatibility would propel the market in the eight years ahead. Esters are projected to observe considerable profits (regarding volumes) from 2016 to 2024. Wider adoption of esters across jet engines due to their high thermal stability can positively impact this segment.

In terms of applications, engine oils led the market in the recent past. Sales of automotives in India and China are likely to increase segment demand till 2024. With regards to geographies, Asia Pacific was the biggest market in 2015. Asia Pacific is predicted to experience the highest CAGR over the forecast period. 

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

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Construction Chemicals Market Analysis and Forecast Report, 2016 to 2024

The global Construction Chemicals Market is likely to attain USD 67.61 billion by 2024. It is projected to observe significant gains over the forecast period (2016-2024). The market is driven by rising demand from several end-use industries comprising residential and non-residential & infrastructure. Brisk move towards urbanization along with escalating focus of infrastructure growth in promising economies will stimulate the demand further.

The worldwide construction chemicals market can be segmented by products, end-users, and regions.  Products are concrete admixtures, concrete sealants, concrete adhesives, and protective coatings. Concrete admixtures segment contributed for above 64.7% of the total market volume shares in 2015.

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They are extensively used in concrete to improve its physical and chemical properties and are utilized in all types of constructions for instance non-buildings, residential, and non-residential infrastructure. Construction chemicals develop the power of the building structure. It provides superior durability, chemical resistance, and noticeably lowers the water and cement necessity.

End-users in the market encompass residential and non-residential & infrastructure. Non-residential & infrastructure sector accounted more than 60% l revenue shares in 2015. In this sector, construction chemicals find usage in manufacturing and industrial buildings, composition of warehouses, hotels and retail, and office spaces.

Main regional segments in the global construction chemicals market are Asia Pacific, North America Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific was the leading market for construction chemicals in 2015. It was valued close to 45% in terms of value in the same year. India and China are the chief countries in this region accounting for above 50% of the total revenue.

The worldwide construction industry is gradually recovering post the decline in 2008 and 2009. Several European construction companies achieved substantial shares in 2015. The expansion of the construction chemicals industry is directly linked with the intensification of construction market at the global scale.

Market participants are mounting their customer base through strategies counting exhibitions and new product launches. U.S. based Dow Chemical Company is a key participant in this market. The company manufactures an extensive variety of adhesive and sealant products. Other top most players in the market include FOSROC Chemicals India Private Limited, BASF SE, Pidilite Industries Limited, Dow Chemical Company, W.R. Grace & Company, and Sika AG.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

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Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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Automotive Coatings Market Growth, Trends and Future Outlook, 2016 to 2024

The global Automotive Coatings Market is anticipated to surpass USD 28 billion by 2024. The rising demands for coatings on account of its ability to protect vehicles against acid rain, harsh weather, and UV radiation are projected to propel market growth. Increasing consumption of UV-cured coatings due to their properties such as high chemical resistance, solvent-free formulations, and low-temperature processing is expected to boost the product demands. However, fluctuating raw material prices are likely to pose a challenge for market growth. The global market is categorized as technologies, products, applications, end-uses, and regions.

The technology sector includes waterborne, solvent-borne, powder coatings, UV-cured. The solvent-borne sector led the industry in the past few years. However, it is likely to drop its share drastically since it releases high levels of Hazardous Air Pollutants (HAP) and Volatile Organic Compounds (VOCs). Powder coatings are said to have the fastest growth due to their various properties like superior finish, high corrosion resistance, etc. Waterborne coatings are also likely to experience huge growth on account of their properties such as heat resistance, adhesion etc.

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The product sector of the automotive coatings market comprises electrocoat, primer, clearcoat, and basecoat. The basecoat sector led the market and is projected to have significant growth during the forecast period (from 2016 to 2024). Electrocoats are likely to drive the market since they are anti-corrosion and anti-rust agents. The demands for clearcoat are estimated to grow as it provides protection against sun and UV rays.

Application-wise, the metal sector dominated the industry and it is further expected to witness huge growth in the near future. Plastic coatings are projected to be the fastest-growing application sector due to its increasing usage in automobile manufacturing as it is flexibility, lightweight, corrosion-resistant, durable, cost-effective, and recyclable.

Light vehicle OEM led the end-use sector in 2015 and it is said to experience a considerable growth during the next few years. The automotive refinish sector is likely to have rapid growth on account of growing consumer spending levels in developing economies of the APAC region.

Asia-Pacific was the dominant regional market in 2015. The region is projected to experience rapid growth with a CAGR of over 6 % over the estimated years. Europe is likely to drop its market share in the automotive refinishes sector to APAC due to lesser accident levels in the region. The Middle East & Africa will also have huge growth as a result of rising production facilities in the region.

The key players of the automotive coatings market include Axalta Coating Systems; PPG Industries; Jotun A/S; BASF SE; AkzoNobel N. V.; and Kansai Paint Co. Ltd.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

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Injection Molded Plastic Industry Analysis Report, 2016 to 2024

The global Injection Molded Plastic Market was valued at around USD 199.9 billion in 2015. It is expected to grow at a CAGR of approximately 5% during the forecast period (2016 - 2024). It will reach USD 296 billion by 2024. The growth of this market can be attributed to its growing demand in medical devices, home appliances, automotive, packaging, and electrical & electronic end-uses.

The molding process involves injecting molten plastic into molded products and solidifying them. The growth of this industry can be accredited to properties like heat resistance, pressure resistance, minimum wastage, and low labor cost.

Prices of volatile crude oil, benzene, ethylene, propylene, and styrene can challenge market growth in the coming eight years. To overcome such challenges, the industry is trying to manufacture molded plastic using biodegradable products. The injection molded plastic market is segmented into applications, raw materials, and geographies.

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Applications include automotive, building & construction, consumables & electronics, packaging, medical, and others. Packaging was the leading application with net demand surpassing 30,000 kilo tons in 2014.

The injection molded plastic holds an immense potential in medical and automotive segments. Biocompatible, cost efficient and optical clarity method of production can drive this segment till 2024.

Raw materials comprise acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), Polypropylene, Polystyrene, and others. Polypropylene accounted to over 35% of the total market demand in 2014. High demand for injection molded polypropylene in packaging, automotive, and household goods is likely to impel market growth in the coming years.

Geographies encompass North America, Central & South America (CSA), Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific dominated the market holding over 37% of total volume in 2014. Rise in the demand of the plastics in the automobile industry in this region is likely to drive the market growth in this region. Increasing construction in India, China, and Indonesia will augment market growth in the region.

Major global injection molded plastic industry players are BASF, DuPont, Dow Chemical Company, and LyondellBassell. Early 2016, LyondellBassell started a new Polypropylene grade called Purell grade RP315M and Purel HP548N for healthcare applications like syringe plungers, pill strips, and others. These products increase the cycle time and production of cast film.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/