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Zinc Oxide Market – Demand ,Share ,Size , Insights, Trends, Status, Global Demand And Business Opportunities forecast 2027
Zinc oxide is an inorganic chemical compound that is in demand because it is used in the electronics and semiconductors. The zinc oxide market has been expected to earn high revenue worth US $ 4,946.26 mn while growing at a CAGR of 8.37% by 2023. The penetration of zinc oxide in the rubber industry and its surging demand in the pharmaceuticals, cosmetics, & personal care, and industries are the factors driving the market growth.
Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
Increasing demand for the product in semiconductor and electronics is advancing the growth of the global zinc oxide market.
Segmental Analysis
The zinc oxide market is segmented on the basis of application, end user, process, and region.
The application-based segmentation segments this market into animal feed & nutrition, ceramics, cosmetic ingredients, fertilizers, food additives, light emitting diodes, lubricants, metal processing, paints & coatings, pharmaceuticals products, rubber, and others. During the forecast period, cosmetic ingredients segment has been estimated to grow at 9.50% CAGR.
Based on end users, the zinc oxide market Demand segmentation covers the automotive, building & construction, food & beverages, healthcare, metallurgy, personal care, and others. Automotive segment controlled the largest market share of 36.04 % in 2017. Its market value of USD 1,257.2 million. During the forecast period, it may grow at 4.36% CAGR. During the forecast period, the personal care segment is going to be the highest growing segment, and its worth is the US $ 279.93 mn.
In the context of process-based segmentation, the market has been segmented into direct, indirect, laboratory, waelz, wet, and ZnO nanostructures. Indirect segment held the largest market share of 36.21% in 2017, and its market value was US $ 1,263.2 mn. During the forecast period, it has been projected to grow at 5.53% CAGR. However, during the forecast period, Waelz has been estimated to grow at the highest CAGR of 7.05%.
The regions covered in the global market are Europe, Asia Pacific, North America, Latin America and the Middle East & Africa (MEA).
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Detailed Regional Analysis
The regional analysis of the zinc oxide market covers regions such as Europe, Asia Pacific, North America, Latin America and the Middle East & Africa (MEA). North America is the largest regional market. In 2017, it held the largest market share of 70.23% worth US $ 164.7 mn. During the forecast period, possibly, it may grow at a 5.40% CAGR. The most important country-specific markets in this region are USA and Canada. Many key market players are based in North America. In the region, the market is growing due to the existence of various industries that require zinc oxide.
In Europe, the market growth is due to the technological advancement that is second only to North America. Industries that require zinc oxide are steadily growing here. Many key market players are based in this region too. The market growth for Europe is expected to register a 5.01% CAGR during the forecast period. The primary country-specific markets in this region are Belgium, France, Germany, Italy, the Netherlands, Poland, Spain, and the UK.
During the forecast period, the Asia Pacific stands a strong chanced to emerge as the fastest growing market during the forecast period at 6.37% CAGR due to rapid urbanization, rapid industrialization, rising technological advancement. The crucial country-specific markets in this region are Australia & New Zealand, Brunei, China, Cambodia, India, Indonesia, Japan, Laos, Malaysia, Myanmar (Burma), Philippines, Singapore, South Korea, Thailand, and Vietnam, followed by the remaining countries of the Asia Pacific region.
In the MEA region, the market is small. It is slowly growing due to limited technology, limited production, lack of awareness, lack of education, and political instability. During the forecast period, the market in the MEA region is expected to grow at 5.61% CAGR. Significant country-specific markets in this region are Saudi Arabia, UAE, and South followed by the remaining countries of the MEA region.
In Latin America, the market growth calculations predict growth at 7.81% CAGR during the forecast period because here the market is steady due to limited economic growth. The major country-specific markets in this region are Argentina, Brazil, and Mexico, followed by the remaining countries of Latin America.
Competitive Analysis
The outlook for growth in the zinc oxide market is competitive due to the efficient application of strategies such as geographic expansion, new product launch, acquisitions, agreement, and R&D to strengthen their business portfolio. The key players profiled in the zinc oxide market are Advanced Nano Products Co. Ltd., American Zinc Recycling LLC, Befesa, EverZinc, GHC Ltd., Grillo-Werke AG, Marzinc, PontenossaSPA, Miike Smelting Co. Ltd., Nyrstar, Recylex, Symrise, US Zinc, Weifang Longda Zinc Industry Co. Ltd., and Zochem LLC.
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Mono Ethylene Glycol (MEG) Market – Demand ,Share ,Size 2021 By Industry Share, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Investment Opportunities and Forecast by Regions till 2027
Mono Ethylene Glycol Market – Overview
Mono Ethylene Glycol or Glycol is manufactured industrially from ethylene oxide and ethylene. Mono ethylene glycol market is expected to witness steady growth on account of its significant usage in polyethylene terephthalate as well as antifreeze application. Among application, polyethylene terephthalate (PET) accounted for the largest market share in 2016 and is predicted to retain its dominance over the estimated period due to high demand from packaging industry. Antifreeze segment is expected to witness healthy growth due to increasing aviation industry across the globe. Growing per capita disposable income in developed and developing region coupled with increasing use of packaged products is predicted to propel the growth of the market. Moreover continuous growth of textile industry along with rising consumption of monoethylene glycol is predicted to drive the demand for Mono ethylene glycol market during the review period.
Geographically, Asia Pacific accounted for the largest market share for monoethylene glycol followed by North America and Europe in 2016. The Asia Pacific region dominated the global monoethylene glycol market Demand in 2016 and is expected to witness highest CAGR due to continuous growth of automotive and plastic industries specifically in China, India, Japan, Taiwan, Thailand, Malaysia, and South Korea. Additionally, the growth of mono ethylene glycol is largely driven by their utilization in packaging and textile industries. Furthermore, rising investment by major operating companies and shifting of monoethylene glycol manufacturing units as well as end use industries growth in this region is estimated to propel the monoethylene glycol regional market growth. North American market is expected to witness steady growth due to rising number of working professional which has resulted in increasing demand for packaging items and ultimately is expected to rise the consumption of monoethylene glycol in the upcoming years. Europe is estimated to witness healthy growth on account of rising demand from textile sector. Furthermore, strict regulations regarding the usage of this product has led to increase the innovation and development in this industry. Middle East & African market is estimated to register strong growth due to increasing plastic and packaging industries present in Qatar, Oman, Turkey, the United Arab Emirates, and Saudi Arabia. Market in Latin American countries such as Brazil and Guatemala, and Peru is estimated to register healthy growth on account of rising demand for textile and packaging items.
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Industry/ Innovation/ Related News:
April 2017- Indian Oil Corporation Limited planned to expand Paradip Refinery under this, the company will set up a second unit of monoethylene glycol plant which will cost around USD 614 Million. With this expansion the company will able to meet the growing demand from end use industries.
May 2017- ExxonMobil and SABIC signed an agreement to set up a petrochemical complex which include ethane steam cracker having capability of manufacturing 1.8 million tonnes of ethylene per annum, a monoethylene glycol unit, and two polyethylene units. With this expansion the company enhance its presence in global monoethylene glycol market.
March 2016- EQUATE Petrochemical Company with its subsidiary, MEGlobal planned to construct monoethylene glycol manufacturing unit at Dow’s Oyster Creek site in Texas. Company construct MEG plant to increase its global footprint and enhance its value as leading ethylene glycol producer and supplier. Company will be able to meet the growing demand in U.S. and Asian Market.
August 2016- Lotte Chemical and Axiall planned to set up a MEG plant through a joint venture called LACC LLC with an investment of around USD 1.1 Billion. With this expansion, the company is planning to expand its market basis in the U.S. and Europe.
Key Players:
The Dow Chemical Company, Reliance Industries Limited., Saudi Basic Industries Corporation, BASF SE, India Glycols Limited, LyondellBasell Industries Holdings B.V., Chemtex Speciality Limited, ExxonMobil Chemical Company, Eastman Chemical Company, Huntsman Corporation LLC. among others are some of the prominent players at the forefront of competition in the Global Mono Ethylene Glycol Market and are profiled in MRFR Analysis.
Competitive Landscape
The Mono Ethylene Glycol report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Mono Ethylene Glycol market comprises of various players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global monoethylene glycol industry is focusing towards growth association specifically by Asia Pacific as medium scale and small scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Additionally, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of monoethylene glycol to meet the growing demand for Mono Ethylene Glycol.
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Acetone Market – Demand ,Share ,Size Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Market Production, Regional Trends, Sales Revenue and Forecast 2027
Regional Analysis
The worldwide acetone market comprises of five areas: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these, Asia Pacific is anticipated to develop with the most astounding CAGR amid the survey time frame, 2017 to 2023 by virtue of extending paints and coatings and construction industries. Rising white collar class populace and their increasing expenditure on enhancing the living standards for everyday comforts is required to increment more in the time frame, 2017 to 2023. The acetone market is anticipated to increment in various nations of the Asia Pacific, for example, China, India, Japan and Indonesia because of expanding urbanization and populace is expected to drive the market in the estimate time frame.
North American acetone market Demand is anticipated to witness a huge development by virtue of high acetone consumption potential, expanding production capacities, and rising monetary development rate. Expanding interest for electrical and electronic appliances and pharmaceuticals are the elements driving the market. In Europe, the interest for acetone is anticipated to develop in different nations, such as, Italy, Germany, Spain, U.K, France, and Russia by virtue of expanding use in advancement in health care and cosmetic products and increasing purchasing power of consumers. In the Middle East, interest for construction and paints & coatings industries are boosting the acetone market in the review period. As acetone solvent is broadly utilized as an integral part in paints and coatings, it is foreseen to be the real driver in the assessment period. Latin American nations, such as, Argentina, Colombia, and Brazil are having political emergency in the rising economies of this area. Money related obligation in these nations has crossed their income which is the real restriction for the acetone market to develop in the forecast period.
Key Players
Some of the prominent players operating in the global acetone market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt. Ltd. (India) and EMCO Limited (India) among oth
Market Overview:
Acetone is a clear, colorless, and volatile fluid with a sweet aroma. The major route for production acetone is by cumene peroxidation where phenol is obtained as a secondary product. The major application of acetone is in the production of acetone cyanohydrin for methyl methacrylate (MMA), bisphenol A (BPA). The other applications include heavy metal degreaser, cleaning tools and chemical peeling in pharmaceuticals, personal care, paints & coatings, plastics and construction end use industries. Acetone has characteristics such as high solvency and a high rate of evaporation which enable them to find their application in many everyday products including paints, cleaning fluids, nail polish remover, and adhesives
In the present scenario, direct solvent applications have a higher share in the global acetone market. MMA is having the second highest global market share followed by bisphenol A. The largest end use for MMA is PMMA (polymethyl methacrylate). PMMA resins are used to produce acrylic sheet and acrylic molding and extrusion compounds. These resins have major applications in the construction, automotive, and computer segments are now seen as key growth markets by polycarbonate manufacturers. The important positive impacting factors for acetone market growth are surge in global industrialization, increasing demand for personal care products, and increasing government investments in construction projects. Moreover, demand for acetone is anticipated to observe significant growth over the review period owing to increasing demand in plastics industry. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023.
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Segmentation
The global acetone market is categorized on the basis of application, end use industry, and region. On the basis of application, the acetone market is categorized into methyl methacrylate, bisphenol A, and solvent. On the basis of end use industry, the market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction and electrical & electronics. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Aromatic Market – Demand ,Share ,Size, Overview, Risk, Huge Growth Opportunity Market ,Countries, Companies and Driving Forces Studied 2018-2027
The global Aromatics Market Share, by Region
Source: MRFR analysis
Segmentation
The global aromatics market Demand is segmented into type and application. On the basis of product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and rubber segments. The market by application is further categorized into paints & coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.
Competitive Analysis
Some of the well-known players operating in the global aromatics market are Eastman Chemical Company (U.S.), Ashland (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), Celanese Corporation (U.S.), Petrochem Carless Ltd.(U.K.), INEOS (Switzerland), The ExxonMobil Corporation (U.S.), Royal Dutch Shell plc(the Netherlands) and Honeywell International Inc. (U.S.) among others.
Market Overview:
Aromatics are used in a wide variety of applications, which is capable of offering versatile nature, safety, and high performance to the product. Thus, they are used in various applications such as pharmaceuticals, automotive, paints & coating, oil & gas, chemicals, and others. The global aromatics market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of aromatics in automotive, pharmaceuticals, paints & coatings, chemical, and others. It is estimated that the paints & coatings segment is set to observe the highest CAGR in the market due to the growing use of organic compounds to improve the performance and increase the life cycle of the product. Moreover, increasing demand for toluene as a solvent in paint thinners, nail polish removers, glues, and other products is likely to witness a rapid growth during the forecast period. These factors have led to China, India, and Japan to be the major players of this region.
The North American market is expected to grow at a higher CAGR due to extensive consumption of aromatics in paints & coating, oil & gas, chemicals, and others. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for synthetic rubber and plastics made from aromatics are estimated to drive the market during the forecast period.
A notable development is achieved in Europe due to the growing demand for reduced weight materials electrical & electronics, packaging, and others. The growing innovation coupled with technology have boosted the market to witness a higher growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.
A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of hydrocarbons in major industries. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing production of aromatics in refineries.
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Allyl Chloride Market - Demand ,Size 2021 By Industry Share, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Investment Opportunities and Forecast by Regions till 2027
Segmentation:
The allyl chloride market is segmented by application.
Major applications include epichlorohydrin, allyl sulfonates, allyl amines, water treatment chemicals, glycidyl ether, and others. Among them, epichlorohydrin accounted for the largest market share in 2017 with a value of USD 1,974.1 million. The increasing demand for epoxy resins across aerospace and defense, electrical and electronics, automotive, and building & construction is expected to augur well for the segment. The segment can accrue close to USD 2,503.7 million by 2023 for the allyl chloride market, at a CAGR during the forecast period.
Water treatment chemicals accounted for the second-largest share in the allyl chloride market in 2017. It can exhibit a 4.33% CAGR over the forecast period to accrue nearly USD 104.8 million by 2023. The paucity of freshwater reserves has created the demand for allyl chloride which can be used in the production of quaternary ammonium salts, a vital component in water management. On the other hand, ‘others’ can exhibit a 4.01% CAGR over the forecast period to generate close to USD 65.3 million by 2023.
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Regional Analysis:
Region-wise, the allyl chloride market includes North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC region accounted for 51% share in the allyl chloride market in 2017 thanks to the robust pace of industrialization in Singapore, Indonesia, and Thailand. The booming population in these developing economies coupled with increased budget in water treatment and desalination is predicted to boost the regional allyl chloride market valuation to USD 1,526 million by 2023. Meanwhile, the APAC region can accrue a market volume of 1,317.5 kilotons (KT) by the end of the forecast period.
The Europe allyl chloride market Demand valuation stood at USD 464.5 million in 2017. It is predicted to reach USD 555.1 million by 2023, at a CAGR of 3.11% during the forecast period. The region can accumulate a demand of 449.1 KT by 2023.
North America can reach a valuation of USD 493.9 million by 2023, at a predicted CAGR of 3.35% during the forecast period. The regional market volume can touch 407 KT by 2023.
Competitive Analysis:
Major names operational in the allyl chloride market report are Osaka Soda (Japan), Kashima Chemical Co., Ltd. (Japan), Alfa Aesar (U.S.), DowDuPont (U.S.), Rizho Lanxing Chemical Industry Co., Ltd. (China), Solvay (Belgium), Sumitomo Chemical Co., Ltd. (Japan), Gelest, Inc. (U.S.), Olin Corporation (U.S.), and others. Players are focusing their efforts on producing different grades of the chemical at economical prices. But volatile prices of propylene owing to swings in crude oil prices can negatively affect the market.
Overview:
The global allyl chloride market is expected to rise and touch a valuation of USD 2,845.1 million by 2023, at a 4.11% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their astutely detailed report has highlighted drivers and opportunities affecting the market. Allyl chloride is a chemical with a pungent odor obtained via chlorination of propylene. The use of the chemical as a base for producing epichlorohydrin, glycerin, and other derivatives is likely to boost the allyl chloride market growth till 2023.
The increasing use of allyl chloride derivatives across numerous end-use industries is expected to fuel the market growth. This is exemplified by the demand for epoxy resins, derived with the help of allyl chloride, in building & construction and aerospace & defense industries. In addition, the need for quaternary ammonium salts for wastewater management is another driver of the allyl chloride market. For instance, food & beverage manufacturers are investing in water management projects owing to demand for freshwater.
Rising demand for epoxy resins in end-use industries is likely to boost the market growth. The automotive sector, for instance, requires these prepolymers for producing coatings which can resist corrosion and extreme temperatures. But strict environment policies regarding the production of the chemical coupled with production of bio-based epichlorohydrin as an alternative can pose a challenge to the allyl chloride market.
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Alkyd Resin Market – Demand ,Share, Size ,Market Report, History and Breakdown Data by Manufacturers, Key Regions, Types and Application Forecast 2027
Market Segmentation:
The Global Alkyd Resin Market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into short oil, medium oil, long oil, and others. On the basis of the application, the Alkyd Resin Market is categorized into printing ink, architectural coatings, furniture coatings, automotive paints, industrial coatings, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Competitive Analysis:
Some of the prominent players operating in the Global Alkyd Resin Market are BASF SE (Germany), Arkema S.A. (France), Yuen Liang Industrial & Co., Ltd (Taiwan), Synthopol (Germany), Polynt Composites USA Inc. (U.S.), OPC Polymers (U.S.), Nuplex Industries Ltd. (U.S.), Emerald Performance Materials (U.S.), Regent (U.S.), and Brenntag Specialties, Inc. (U.S.) among others.
Regional Analysis:
Asia Pacific is estimated to be the largest Alkyd Resin Market majorly from architectural coatings segment followed by North America and Europe owing to increasing construction activities and expanding populace.
Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for automotive paints made from Alkyd Resin, in Europe.
North America is the fastest growing market and is estimated to grow at the same pace over the forecast period. Improving living standards along with the flourishing growth of furniture manufacturing sector is predicted to contribute to the regional Alkyd Resin Market growth. In the Middle East & Africa, the U.A.E and Saudi Arabia are among the major contributors to the regional market growth due to the expansion of offshore and onshore petrol refining activities In South America, Mexico is expected to register strong growth due to the strong presence of automobile manufacturers.
Alkyd Resins market Demnad have excellent weathering properties and compatibility with many other polymer coatings. These properties have major applications in traffic paints, concrete floor protective coatings, and industrial coatings. The demand for the market is increasing demand for protective coatings, furniture coatings, and for protecting concrete floor due to increasing industrialization, residential renovations and purchasing power of consumers. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period 2017-2023. High adoption rate along with the increasing number of power plants to meet the need for energy of the ever-growing population. Moreover, continuous expansion of the automotive sector as well as shifting manufacturers focus towards protective paints made from Alkyd Resins are estimated to fuel the growth of the market during the review period, 2017-2023. However, growing environmental concern regarding the toxic effect of chemicals used in alkyd resin along with the implementation of the strict regulations is predicted to hinder the market growth over the assessment period 2017-2023.
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Films Market Market - Share , Size, Growth 2021 Global Industry New Updates, Top Manufacturers, Trends, Application & By Geography - Forecast 2016-2027
Global Specialty Films Market Segmentation:
By material, the global market for specialty films is segmented into polyesters, nylons, polyolefin, and, others. By application, the market is segmented into electronics, construction, food & beverages, personal care, and, others.
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Detailed Regional Analysis:
By region, the market for specialty films is segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). The Asia Pacific segment will be the highest performing regional segment during the assessment period. The growth in this segment can be attributed to consolidation in specialty films, shifting of operations to developing countries like India, China, etc. by key players. The Asia Pacific segment will show a comparatively steeper rise in growth due to price competitiveness, continuous expansion, etc. The growth of food & beverage sector, chemical industry, packaging industry, etc. is also fueling the demand in this segment. North America and Europe segments will grow moderately owing to industrialization, rising demand, etc. Both the segments will witness superiority in both production and consumption.
Competitive Dashboard:
The top-notch market players profiled by MRFR in its report are Amcor ltd., Dow Chemical Inc., Honeywell International Inc., 3M Company, Jindal Poly Films Inc., Covestro Inc., DuPont, Sealed Air Inc., Eastman Chemical Inc., and, Evonik Industries Inc. The competitive landscape of global specialty films market size represents robust competition among the players who opt for initiatives such as innovation, research & development, mergers & acquisitions, etc. to strengthen their foothold in the market.
Plaskolite LLC, the largest North American manufacturer of see-through thermoplastic sheet products, s acquiring the polycarbonate sheet manufacturing business of Covestro, a global leader in high-tech polymer materials. The acquisition will revolutionize the North American sheet industry by consolidating the pioneer in acrylic manufacturing and the pioneer in polycarbonate manufacturing. The process is expected to be completed by 1st August 2018. The acquisition is aimed at strengthening leadership position and expanding product portfolio. As a part of the deal, Plaskolite will acquire sheet headquarters, production sites and warehouse facilities in Sheffield, Massachusetts while it will maintain the existing third-party distribution warehouse facility in Hebron, Ohio. After completion of the acquisition, Plaskolite will employ 950 employees.
Market Synopsis:
Market Research Future (MRFR) reveals in its latest report that the global specialty films market will grow at 5% CAGR across the forecast period (2014-2022) and was valued at USD 30 Bn in 2015. Food & beverages, and, chemical sectors are believed to drive the demand for specialty films during the assessment period. Other industries and sectors that will fuel witness a surge in demand for specialty films during the assessment period are defense, marine safety & security industry, electronics, packaging industry, etc.
The factors that will be responsible for catalyzing growth in the market are durability, water resistance, high tensile strength, flexibility, growing usage, biodegradability, safety, and protection, raising awareness about food & hygiene, protective shield, barrier protection, etc. Owing to the rising environmental concerns, vendors are investing in research & development for producing environmental friendly biodegradable specialty films which will fuel the demand in the market globally in the next couple of years. The boom in construction, pharmaceutical, and, transportation sectors will also be a significant driver for market growth due to rising demand in these sectors. The significant increase will be witnessed by Polyamide and nylon based films owing to the excellent flexibility and thermal stability offered by these materials.
Some of the restraints that will hamper the growth of the market during projection period are environmental concerns, regulations by the government on production, etc.
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Compounding Market – Share ,Size ,Market Drivers, Restraints, Potential Growth Opportunities, Product Size Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027
Market Segmentation
The plastic compounding market has been segmented into products and applications. Based on the segment which is products, the market is categorized on the basis of polypropylene, polyethylene, polyethylene terephthalate, polyvinyl chloride, and others. The global market for plastic compounding is further segmented based on applications into automotive, building & construction, and electrical & electronics.
The global plastic compounding market share research report covers all the aspects of the market based on the segmental analysis of these products and applications segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The products and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.
Regional Overview
Volatility in raw material prices may hinder the market growth. The market research report suggests that companies in the plastic compounding market could be supported by the rise in plastic application in large-scale sectors as well as the thriving packaging industry during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for plastic compounding during the forecast period 2015–2023. As per market analysts, the market is set to witness tremendous growth across polypropylene and automotive segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The plastic compounding market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Plastic compounding has seen increased demand over the years, due to the mounting demand for fuel-efficient lightweight automotive components and the use of the compounding techniques. Companies functioning in the global plastic compounding market are also being challenged due to unfavorable policies and price volatility. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2015–2023. As the market is set to register a high CAGR and is also anticipated to reach a US$7,62,400 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the plastic compounding market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2015–2023.
Industry News
The buying agreement of Polyblend and Esseti Plast GD from the D'Ottavio Group has been signed by Ascend Performance Materials, an integrated polyamide (PA) 66 provider. The purchase includes the Mozzate, Italy, processing plants, the Esseti Plast GD masterbatch portfolio and the Poliblend plastics engineering portfolio consisting of virgin grades PA 66, PA 6, PBT and POM recycled. Established in 1999, Poliblend offers accruing and masterbatch facilities, especially colour and additive sustenances which increase the appeal and final use of plastics and fibres.
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Overview
The global plastic compounding market, during the forecast period 2015–2023, will register growth at a high CAGR. The plastic compounding market for plastic compounding is set to reach US$7,62,400 million by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as increasing plastic consumption in the automotive industry as well as replacement for glass and metals. However, the market will face challenges and restraints due to the instability in petrochemical costs and strained development across certain market segments during the forecast period 2015–2023.
The growing demand for light and innovative materials in the packaging industry in the market is set to play a key role in determining the growth potential during 2015–2023years. Analysts have also studied the plastic compounding market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across products and applications segments, factors such as too much reliance on petrochemicals could slow down the plastic compounding market's growth worldwide.
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Plastic Coatings Market – Share ,Size ,Cost, Growth, Key Players, Regional Analysis and Opportunities Rising Demand and Changing Trends forecast till 2027
Industry/ Innovation/ Related News:
November 23, 2017– DSM invests USD 18.12 million to expand capacity at Coating Resins plant in Meppen (Germany).DSM is a global science company active in health, nutrition and materials, announced it has invested USD 15 18.12 million for the expansion of its Coating Resins plant in Meppen, Germany. The facility is specialized in the production of liquid polyesters and other specialty resins. With this expansion, DSM Coating Resins reinforces its position in the can and coil coatings segment and ensures it remains fit for growth in the BPA-free market. The investment will enable greater supply flexibility, the ability to meet growing demand and improved stock management. The overall impact of this investment to be seen in coatings especially in plastic application and likely to drive its demand in automotive applications.
August 17, 2017- Axalta Coating Systems completes the acquisition of Plascoat Systems Limited. a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed. With this acquisition, production of dicumyl peroxide (DCP), an organic peroxide used as a crosslinking agent in the manufacture of polymers is increased by 40% at 38000 tons per years.
Jun 20, 2017 – One of the leading chemical industry player, BASF invests USD 40 million in automotive coatings in North America. The company expanding their automotive coatings production in North America with investments of nearly USD 40 million, this investment will adds capacity to the company’s production plants in Tultitlan and Mexico. Although the investment has made in automate paints, the overall impact of this investment expected to be seen in Plastic coatings as well. This is due to, Plastic coatings accounts for the substantial shares in overall automotive paints & coating application and this aforementioned investment could be the game changes in this market.
May 24, 2017 – The Dow Chemical Company announced to expand Plastic and coatings capacity in Saudi Arabia. As a part of their strategic expansion the company has signed agreement to construct a state-of-the-art manufacturing facility to produce a range of polymers for coatings. Moreover, Dow has been a long-term strategic partner in Saudi Arabia for nearly four decades and is the largest foreign investor in the country. This could be the added advantage for them and this may help them to strengthen their market position. The proposed Plastics investment will include constructing a fully-integrated slogans and high performance Plastics coating market share complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas.
January 1, 2017- Shin-Etsu Chemical announces to expand Plastics production capacity in the U.S. the company recently announced plans to expand the production capacity of its Akron, Ohio plant, Shin-Etsu Plastics of America (SESA), which is engaged in the manufacturing and sales of Plastics. The amount of this facility investment is USD 1.4 billion, and the expansion work is aimed for completion in the middle of 2019. As per the industry experts, the overall impact of this investment expected to drive the demand for Plastic coatings in the coming years.
Competitive Landscape
The report analyses the degree of competition among the industry players as well as industry growth and market scenario. Industry competition among the key market participants is observed as moderate to high. With consistent rise in demand for plastic coatings and increasing pressure from governmental bodies to reduce environmental impact, key industry participants are focusing on new product innovation. Some of the investment are also seen in the researches and development to innovate new product formulation, therefore, the overall industry competition is expected to rise in the coming years.
Bayer AG, 3M Company, BASF SE, PPG Industries Inc., Eastman Chemical Company, Akzo Nobel N.V., Wacker Chemie AG, Kansai Paints Co Ltd., Axalta Coating Systems, and Valspar Corporation. among others are some of the prominent players at the forefront of competition in the Global Plastic Coatings Market and are profiled in MRFR Analysis.
Plastic Coatings Market – Overview
Plastic coating exhibits functional uses including corrosion inhibition, abrasion resistance, thermal resistance, chemical resistance, UV resistance, lubrication, mechanical property enhancement, surface finish, and esthetics. Moreover, overall application scope of plastic coatings covers automotive, oil & gas, building & construction, electronics, aerospace and defense. Among all automotive, building & construction and aerospace & defense are the major consumer of the plastic castings and are consistently providing the growth offerings. Over the past few years the global plastic coating market has been experiencing prolific demand and it is expected to grow significantly over the assessment period. Growth in this market is highly attributed to the plastic coatings are widely used in automobile industry for coating the battery trays, seat springs radiator grilles, brackets, door handles, filler pipes, and seat belt loops. In addition to this, increasing automotive production likely to provide healthy growth opportunities for key industry participants in this coming years. Although driven by aforementioned factors, the global demand for plastic coatings is inhibited by the huge impact on the environment due to VOC emissions.
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Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends and Forecast 2018-2027
Regional Analysis
Asia Pacific is leading the metal coatings market due to increasing investment in both residential and commercial construction activities coupled with rapid urbanization coupled with the initiation of construction projects by the government of India such as Inland waterways projects are driving the metal coatings market.
North America is likely to exhibit a significant growth during the review period with growing construction activities and expanding aircrafts production. Europe is expected to bolster the market growth with increasing demand from the major end use industries such as construction, automotive, and paints & coatings among other.
Latin America and the Middle East and Africa are likely to witness a healthy growth during the review period with growing automotive and construction industries.
Market Segmentation
The global metal coatings market share is segmented by form, method, resin type, end-use industry, and region. On the basis of the form, the market is segmented into liquid and powder coatings. The liquid coatings are sub-segmented into water based and solvent based. The liquid form coatings accounted for the largest market share due to increasing use of waterborne coatings with less or zero volatile organic compounds (VOC) in the automotive industry. The market for powder form coatings is likely to witness a substantial growth during the review period with rising environmental regulations in the developed nations.
Based on the processing method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing. Electroplating method is used to stick solution of cadmium or chromium to a metal owing to corrosion resistance and good appearance. The galvanizing process is used to apply zinc to a ferrous metal to prevent corrosion.
Based on the resin type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others. The polyester accounted for the largest market share owing to resistance to chemicals, stretching, wrinkle, and abrasion and enlarging use in automotive industry. Acrylic is the fastest growing resin type as a result of rising use of water borne coating in automotive industry. Epoxy and polyurethane resins are used for applications requiring resistance to harsh environmental conditions.
Based on the end use industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others. The construction industry accounted for the largest market share owing to rising construction activities in the developing nations such as India and China. Expanding automotive industry with rising demand for lightweight vehicles is uplifting the market growth.
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Competitive Analysis
Some of the key players in the global metal coatings market are Toefco Engineered Coating Systems, Inc. (U.S.), BASF SE (Germany), DowDuPont (U.S.), AkzoNobel N.V. (The Netherlands), The Valspar Corporation (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S.), Kansai Paint Co., Ltd (Japan). Beckers Group (Berlin), Henkel AG & Co., KGaA (Germany), and Nippon Paint Holding Co., Ltd (Japan).
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Blow Molding Resins Market - Share, Size, Growth 2021 Global Industry New Updates, Top Manufacturers, Trends, Development Status, Opportunities, Challenges Forecast by 2027
Regional Analysis
Regionally, the global blow molding resins market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific dominated the global blow molding resins market in 2017 on account of the high demand for blow molding resins from major end-use industries such as packaging, automotive, construction, electronics, and others.
Europe accounted for the second largest market share in 2017 owing to the production and exportation of lightweight automotive parts in the region.
North America is expected to witness a considerable growth due to high demand from the food & beverage packaging industry.
Competitive Analysis
Some of the manufacturers operating in the global blow molding resins market are BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy), Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).
The global blow molding resins market is segmented by a molding process, type, end-use industry, and region.
On the basis of the molding process, the market is segmented into extrusion, injection blow molding, and injection stretch blow molding. Among these processes, the extrusion has primarily used the technique to produce a large variety of hollow parts or objects with thin walls. This can be attributed to the low tool and die cost, fast production rates, and its capability of manufacturing different types of plastic products with different shapes, sizes, and neck openings. Products of different shapes such as T-section, U-section, L-section, square, and circular section can be produced by employing this technique. Bottles, industrial parts, automotive parts, watering cans, toys, appliance components are some of the products manufactured through extrusion. Injection blow molding market share is expected to be the fastest emerging as it enables the production in shorter time, although it is highly expensive and consumes a lot of space.
A broad range of resins is available in the market such as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and others. The polyethylene is the dominating the market due to its use in a wide range of products, depending upon its density. HDPE is used for shampoo and motor oil containers, fuel tanks, industrial drums, and others. It is chemically inert, translucent, easily colored, recyclable, and molder-friendly. With the same properties, LDPE is used for plastic bags, squeeze bottles, among others. The demand for PET is mainly driven by its use in bottling applications for mineral water and other beverages. Moreover, recent R&D for a bio-based PET is likely to offer substantial opportunities in the global market. The use of ABS in automotive decreases the overall weight of the vehicle by 10%, which is the major factor propelling the product demand. On the other hand, polypropylene has lower density and is usually used in elevated temperature for medical parts that need autoclave sterilization, which is expected to boost the product demand over the review period.
Among the end-use industry segment, the packaging is leading the global blow molding resins market. The shifting trend towards the usage of plastic products instead of conventional materials such as wood and metal for packaging is likely to fuel the demand over the forecast period. This is primarily due to their recyclability and biodegradability, which is one of the major concerns. The rise in trade of lightweight and durable automotive and consumer electronics is expected to fuel the product demand during the review period.
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Industrial Rubber Market – Share, Size ,Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends And Forecast 2018-2027
Regional Analysis
The global industrial rubber market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific accounted for the largest market share in 2016 on account of the high demand for industrial rubber from major end-use industries such as automotive, construction, and electronics.
North America accounted for the second largest market in 2016 on account of high demand for industrial rubber from the reviving construction, and automotive industries.
Europe is expected to grow considerably due to high production and sales of automotive parts and the high investment in healthcare.
Latin America and the Middle East & Africa are projected to witness significant growth owing to the growing automotive and infrastructure industry in respective regions.
Competitive Analysis
Some of the manufacturers operating in the global industrial rubber market are LANXESS (Germany), Bridgestone Corporation (Japan), LG Chem (South Korea), Sinopec (China), The Goodyear Tire & Rubber Company (U.S.), KUMHO PETROCHEMICAL (South Korea), TSRC (Taiwan), JSR Corporation (Japan), Versalis S.p.A. (Italy), PJSC "Nizhnekamskneftekhim" (Russia), and ZEON CORPORATION (Japan).
Industrial rubber occurs naturally or can be commercially synthesized. Natural rubber is obtained from tree Hevea brasiliensis, the polymer content of which depends on a variety of factors such as weather, soil type, geographical area, and others. Various grades of natural rubber are a ribbed smoked sheet, air-dried sheet, and pale crepe rubber. However, synthetic rubber can be formed using crude oil by-products through emulsion polymerization techniques. Also, they contain lesser impurities, and their properties can be adjusted accordingly. Thus, the synthetic type industrial rubber is the leading segment.
The global industrial rubber market share is segmented on the basis of the product into tires, seals, shock-absorbing parts, conveyor belts, hoses, roofing, adhesives & sealants, sports equipment, and others. Among these, the tires segment is leading the global industrial rubber market owing to the increasing sale of automotive, especially in the emerging economies.
The products formed by the rubber are processed using the various processes such as extrusion, roller dies calendering, coating, molding & casting. Among these, the roller die is the leading segment as it offers the better quality product as compared to the extrusion and calendering process.
The end-user industry segment includes automotive, building & construction, industrial manufacturing, electrical & electronics, and others. The high demand for rubber tires from the automotive industry is the major driver of the market growth. Also, the shifting focus towards the manufacturing of tires with increased fuel economy is expected to propel the demand for eco-friendly automotive. Following automotive, the building & construction segment accounts for the second largest market share and is projected to fuel the market growth due to the fast-paced urbanization in the emerging countries.
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Transparent Plastics Market – Share, Size ,Growth 2021, CAGR Value, Top Manufacturers with and Revenues, Industry Trends, Business Strategies and Challenges till 2027
Regional Analysis
The global transparent plastics market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific accounted for the largest market share in 2016 on account of the high demand for transparent plastics from major end-use industries such as automotive, construction, and electronics. The high production and sales of automotive and consumer electronics coupled with the high infrastructural development in the region are expected to drive the market growth during the forecast period 2018-2023.
The high demand from the automotive and packaging industries is expected to drive the transparent plastics market share in the North American region. Furthermore, the rebound in construction activities in the region is likely to fuel the market growth during the forecast period 2018-2023.
Europe is projected to witness a significant growth due to the high production and sales of the automotive parts in countries such as Germany, Italy, the U.K, France, and others.
Competitive Analysis
Some of the manufacturers operating in the global transparent plastics market are DowDuPont (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), Covestro AG (Germany), BASF SE (Germany), INEOS (U.K), PPG Industries, Inc. (U.S.), Evonik Industries (Germany), LANXESS (Germany), TEIJIN LIMITED (Japan), LG Chem (South Korea), Denka Company Limited (Japan), Trinseo (U.S.), Asahi Kasei Corporation (Japan), and Eastman Chemical Company (U.S).
Transparent plastics are available in two types namely rigid and flexible. The flexible type is leading the market due to its low cost, sustainability, and customizable nature. Flexible packaging is reusable, with features such as zip locks and spouts make them more convenient.
The global transparent plastics market is segmented on the basis of the polymer type into PET, PVC, PP, PS, PC, PMMA, ABS, and others. However, the PET segment is expected to dominate the global transparent plastics market. A majority of PET is used in bottling and packaging due to its excellent recyclable, water & moisture resistant, and shatterproof nature.
The end-user industry segment includes packaging, building & construction, electrical & electronics, automotive, consumer goods, and others. The packaging segment is dominating the market owing to increased demand for plastics in the food & beverage packaging. These plastics are widely used in food wrappings, beverage bottling, and shrink wraps due to their moisture resistant and anti-bacterial properties. Transparent thermoplastics are extensively consumed in construction for flooring, roofing, pipes, insulations, and others on account of their durability, cost-effectiveness, recyclability, energy saving, and easy installation.
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Alkyd Resin Market – Share, Size ,Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Market Trends, outlook and Opportunity Analysis 2027
Market Segmentation:
The Global Alkyd Resin Market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into short oil, medium oil, long oil, and others. On the basis of the application, the Alkyd Resin Market is categorized into printing ink, architectural coatings, furniture coatings, automotive paints, industrial coatings, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Competitive Analysis:
Some of the prominent players operating in the Global Alkyd Resin Market are BASF SE (Germany), Arkema S.A. (France), Yuen Liang Industrial & Co., Ltd (Taiwan), Synthopol (Germany), Polynt Composites USA Inc. (U.S.), OPC Polymers (U.S.), Nuplex Industries Ltd. (U.S.), Emerald Performance Materials (U.S.), Regent (U.S.), and Brenntag Specialties, Inc. (U.S.) among others.
Regional Analysis:
Asia Pacific is estimated to be the largest Alkyd Resin Market majorly from architectural coatings segment followed by North America and Europe owing to increasing construction activities and expanding populace.
Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for automotive paints made from Alkyd Resin, in Europe.
North America is the fastest growing market and is estimated to grow at the same pace over the forecast period. Improving living standards along with the flourishing growth of furniture manufacturing sector is predicted to contribute to the regional Alkyd Resin Market growth. In the Middle East & Africa, the U.A.E and Saudi Arabia are among the major contributors to the regional market growth due to the expansion of offshore and onshore petrol refining activities In South America, Mexico is expected to register strong growth due to the strong presence of automobile manufacturers.
Alkyd Resins market share have excellent weathering properties and compatibility with many other polymer coatings. These properties have major applications in traffic paints, concrete floor protective coatings, and industrial coatings. The demand for the market is increasing demand for protective coatings, furniture coatings, and for protecting concrete floor due to increasing industrialization, residential renovations and purchasing power of consumers. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period 2017-2023. High adoption rate along with the increasing number of power plants to meet the need for energy of the ever-growing population. Moreover, continuous expansion of the automotive sector as well as shifting manufacturers focus towards protective paints made from Alkyd Resins are estimated to fuel the growth of the market during the review period, 2017-2023. However, growing environmental concern regarding the toxic effect of chemicals used in alkyd resin along with the implementation of the strict regulations is predicted to hinder the market growth over the assessment period 2017-2023.
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Textile Coatings market – Share ,Size ,Market 2021 Growth Potentials, Trends Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast (to 2027)
Market Segmentation
The global textile coatings market is segmented by type of coating, coating method, end-use industry, and region.
On the basis of the type of coating, the global textile coatings market share is segmented into thermoplastics, thermosets, and others (silicon, fluoropolymers). Various types of thermoplastics are used as raw materials for the synthesis of textile coatings such as polyvinyl chloride (PVC), polyurethane (PU), acrylics, polyolefins and others. The types of thermosets used are styrene-butadiene rubber (SBR), natural rubber, and others (nitrile rubber, butyl rubber, and others). The PU held the highest share of the global market in 2017 due to its eco-friendly nature and widespread applications in clothing, home furnishing, and construction & building.
On the basis of the coating method, the global textile coatings market is segmented into the direct coating, direct roll coating, pad-dry-cure coating, foamed & crushed foam coating, hot melt extrusion coating, calender coating, and other. The direct coating is the most commonly used due to low investment cost and easy application.
On the basis of the end-user industry, the global textile coatings market is segmented into clothing, transportation, building & construction, home furnishing, healthcare, and others (packaging, agricultural industry, geotextiles). The clothing industry is one of the largest markets for textile coating due to rising quality standards in developed economies and growing purchasing power & changing lifestyle in developing countries.
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Regional Analysis
The global textile coatings market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the largest textile coating market followed by North America and Europe, which is further trailed by the Middle East & Africa and Latin America.
Competitive Analysis
Some of the key players in the global textile coatings market are Covestro AG (Germany), Lubrizol Corporation (U.S.) Huntsman International LLC (U.S.), Solvay SA (Belgium), Clariant AG (Switzerland), BASF SE (Germany), Omnova Solutions Inc. (U.S.), Sumitomo Chemical Company (Japan), Formulated Polymer Products Ltd. (U.K), and Tanatex B.V. (Netherlands).
Market Scenario
The textile coating is a resin coating applied to a textile substrate to improve its overall characteristics. Textile coating market is expected to witness lucrative growth during the forecast period due to vast applications in various end-use industries such as clothing, transportation, construction & building, home furnishing, healthcare, packaging, agriculture, and geotextiles.
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Automotive Silicone Market - Share ,Size ,Worldwide Market Share, Industry Trends, Business Strategies Gross Margin, Trend, Future Demand and Forecast till 2027
Market Segmentation
The global automotive silicone market is segmented on the basis of the product, application, and region.
On the basis of the product, the global automotive silicone market is segmented into elastomers, adhesives & sealants, resins, and others.
The global automotive silicone market is segmented on the basis of the application into interior & exterior, electrical system, engine & drive train system, suspension system, and others.
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Regional Analysis
The global automotive silicone market is segmented into five regions of Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The high production and sales of automotive in Asia Pacific is the major driver of the global automotive silicone market.
North America is the second largest region in the global market on the backdrop of the growing automotive sector and demand for high-efficiency vehicle in the U.S. and Canada.
The European market is anticipated to witness a considerable growth on account of the manufacturing and sales of automotive parts.
The Latin American regional market is majorly driven by the increased production and sales of automotive in Brazil.
Lastly, the Middle East & Africa is expected to grow at a significant CAGR due to the expanding yet untapped market regions.
Competitive Analysis
Some of the manufacturers operating in the global automotive silicone market size are Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Momentive (U.S.), Elkem Silicone (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Rogers Corporation (U.S.), Nusil (U.S.), Bostik (U.S.), Evonik Industries AG (Germany), KCC Corporation (South Korea), ACC Silicones Ltd (U.K), CSL Silicone Inc. (Canada), Kaneka Corporation (Japan), and others.
Market Overview
Automotive silicone is highly used to manufacture automotive with superior properties such as heat resistance, chemical resistance, abrasion resistance, high strength, durability, lightweight, and others.
The global automotive silicone market share is segmented on the basis of its product as elastomers, adhesives, resins, and others. The high strength and ease of application of the elastomers are extensively used in making plug boots, connector seals, airbags, gaskets, hoses, wiper blades, and others. The adhesives are the second largest segment owing to their use as fillers in automotive paints. They increase the viscosity of the blend and makes it easier to apply the paint, which is likely to drive the market growth over the forecast period. The interior & exterior parts are leading in the application segment as they are responsible for increased fuel consumption. Silicones contribute to weight reduction and lower emissions thus protecting the environment and human health which is likely to augment the market growth in coming years. Furthermore, silicones are also used for tire manufacturing and optimize productivity and efficiency, lower the total cost of operations, increase production capacities with minimum capital expenditures and ensure clean and safe processing.
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Bio-Based PET Market - Share ,Size, Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2022 To 2027
Market Segmentation
The global bio-based PET market is segmented on the basis of the raw material source, application, and region.
On the basis of the raw material source, the global bio-based PET market is segmented as sugar, molasses, and corn.
Based on the application, the global bio-based PET market is segmented as bottles, consumer goods, automotive, electronics, and others.
Regional Analysis
The global bio-based PET market is segmented into five regions of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The North American region is the leading region on the backdrop of the high demand and manufacturing of PET bottles and automotive in the U.S. and Canada.
Asia Pacific is the fastest emerging region in the global bio-based PET on account of the raw material availability, low-cost production, and industrial growth in the region.
The demand for the bio-based PET from the automotive industries has augmented the market in Europe.
The growing environment safety issues and the rapid industrialization in the Middle East and Africa region is likely to drive the global market.
Competitive Analysis
Some of the manufacturers operating in the global bio-based PET market are Braskem (Brazil), Gevo, Inc. (U.S.), TEIJIN LIMITED (Japan), Anellotech, Inc. (U.S.), TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company Limited (Thailand), M&G Chemicals (Italy), NatureWorks LLC (U.S.), Novamont S.p.A (Italy), Plastipak Holdings, Inc. (U.S.), Amyris (U.S.), and Toyota Tsusho Corporation (Japan).
Market Overview
A Bio-based PET is manufactured using mono-ethylene glycol and terephthalic acid and offers properties such as non-toxicity, recyclability, reduced carbon footprint, and high resistance to shattering which are highly useful in various packaging solutions.
The global bio-based PET market share is segmented on the basis of its application such as bottles, consumer goods, automotive, electronics, and others. Around 55% of the bio-based PET is consumed for manufacturing of PET bottles as they are rigid and non-toxic for the storage of beverages such as liquors, soft drinks, mineral water, and others. Increasing beverage consumption across the globe is the major factor influencing the market growth positively. The lightweight property of the bio-based PET has augmented the demand in manufacturing and packaging consumer goods. The changing lifestyle and the increasing demand for consumer goods such as refrigerators, washing machines, TV, home appliances, and others along with the high disposable income are expected to boost the market growth over the review period. This property also makes them useful in the automotive sector for manufacturing door panels, seat fabrics, interior mats, and others, which is anticipated to propel the market growth further. They enhance durability, gloss finish, and dimensional stability in electronic appliances, which, in turn, drives the global bio-based PET market growth. However, factors that may challenge the market growth include irregularity in feedstock supply and lack of cultivable land for corn, sugar, and others.
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