#Isophthalic Acid Price Trend

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m-Xylene Prices | Pricing | Trend | News | Database | Chart | Forecast

 m-Xylene Prices a key aromatic hydrocarbon, has a significant role in various industrial processes, especially in the production of chemicals like isophthalic acid and terephthalic acid, which are crucial in the manufacturing of polyethylene terephthalate (PET) plastics and polyester fibers. The pricing of m-Xylene is influenced by a complex interplay of factors including crude oil prices, demand and supply dynamics, production costs, and global economic conditions. Understanding these factors is crucial for stakeholders in industries dependent on m-Xylene, such as the plastics, textiles, and chemical sectors.

The price of m-Xylene is closely linked to the fluctuations in crude oil prices, given that it is derived from petroleum through catalytic reforming and other refining processes. When crude oil prices rise, the production cost of m-Xylene also increases, leading to higher market prices. Conversely, a decline in crude oil prices can result in lower m-Xylene prices. However, this correlation is not always linear due to other influencing factors, such as regional production capacities, geopolitical tensions, and trade policies that can either amplify or mitigate the effects of crude oil price changes on m-Xylene prices.

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Supply and demand dynamics are another crucial factor affecting m-Xylene prices. The demand for m-Xylene is primarily driven by the production needs of the polyester and PET industries. Any fluctuation in demand from these sectors can have a direct impact on m-Xylene prices. For instance, an increase in the production of polyester fibers, driven by rising demand in the textile industry, can lead to higher m-Xylene prices due to increased consumption of its derivatives. On the supply side, production capacities and operational efficiencies of refineries and chemical plants that produce m-Xylene play a significant role. Any disruptions in production, whether due to maintenance shutdowns, technical issues, or natural disasters, can lead to supply shortages and, consequently, price hikes. Conversely, an oversupply situation, perhaps due to the commissioning of new production facilities or a sudden drop in demand, can put downward pressure on prices.

Global economic conditions also have a profound impact on m-Xylene prices. Economic growth in key markets such as China, India, and the United States, which are major consumers of m-Xylene and its derivatives, typically boosts demand, leading to higher prices. On the other hand, economic slowdowns, like those caused by recessions or pandemics, can dampen demand, leading to a decrease in prices. In addition, fluctuations in currency exchange rates can affect the competitiveness of m-Xylene prices in the global market. A stronger local currency can make exports less competitive, potentially leading to a surplus in the domestic market and lower prices, while a weaker currency can have the opposite effect.

Another important factor influencing m-Xylene prices is the cost of production, which includes the cost of raw materials, energy, labor, and technology. Advances in production technologies that improve yield and efficiency can reduce production costs, which might translate into lower m-Xylene prices if producers pass on these savings to consumers. Conversely, increases in the cost of raw materials, particularly crude oil, or energy can raise production costs and, subsequently, market prices. Additionally, environmental regulations and policies aimed at reducing carbon emissions can affect production costs and influence prices. Stricter regulations may lead to higher costs for producers, either due to the need for cleaner technologies or carbon taxes, potentially pushing up m-Xylene prices.

Market sentiment and speculation also play a role in determining m-Xylene prices. Traders and investors often react to news and forecasts regarding crude oil prices, economic indicators, or production capacities, which can lead to price volatility. For instance, news of potential geopolitical conflicts in oil-producing regions can lead to speculative buying, driving up prices even if there has been no actual disruption in supply. Similarly, expectations of increased demand during peak production seasons for PET and polyester can lead to speculative price increases.

In addition to these factors, trade policies and tariffs imposed by major economies can also influence m-Xylene prices. Tariffs on imported petrochemical products, for instance, can make m-Xylene more expensive in certain markets, affecting global price trends. Conversely, free trade agreements that reduce or eliminate tariffs can increase competition in the market, potentially driving prices down. Moreover, the global supply chain's complexities, including shipping costs, logistics, and transportation bottlenecks, can impact the final price of m-Xylene in different regions.

Overall, the pricing of m-Xylene is determined by a delicate balance of multiple factors, each of which can cause significant fluctuations depending on the prevailing market conditions. Stakeholders in industries reliant on m-Xylene must keep a close watch on these factors to anticipate price movements and make informed decisions. Understanding the interplay of crude oil prices, supply and demand dynamics, economic conditions, production costs, market sentiment, and trade policies is essential for predicting future trends in m-Xylene prices and optimizing procurement strategies. By staying informed about these influencing factors, companies can better manage their costs and maintain competitiveness in the market.

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Global Xylene (Ortho, Meta, Para) Market Study, 2014 - 2030

Analysis of the XYLENE (ORTHO, META, PARA) MARKET

A comprehensive market study on the XYLENE (ORTHO, META, PARA) MARKET Market provides an overview of the demand-supply and consumption patterns of Xylene (Ortho, Meta, Para) Market across six different regions. This market study describes the Xylene (Ortho, Meta, Para) Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Xylene (Ortho, Meta, Para) Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.

Distinct market estimations and forecasts are presented in this comprehensive Xylene (Ortho, Meta, Para) Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Xylene (Ortho, Meta, Para) Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.

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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Xylene (Ortho, Meta, Para) Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.

Global Xylene Demand Supply Analysis By Type,

By Applications (Volume, Value) (2014–2030)

     Strategic Issues

     Capacity Analysis – Plants and Projects (2014 – 2030)

Capacity

Production

Producing Companies

Capacity Additions and Investments

Location

Salient Statistics

Technology / Process

     Demand Analysis and Forecast (2014 – 2030)

Capacity

Production

Operating Rate

Import

Export

Net Trade

Demand

Demand Growth Rate (%)

Driving Force Analysis

Global Xylene Market, By Type

Mixed Xylene

p-Xylene

o-Xylene

m-Xylene

Global Xylene Market, By Application

Terephthalic Acid (PTA)

Dimethyl Terephthalate (DMT)

Phthalic Anhydride (PAN)

Isophthalic Acid (IPA)

Solvent

Others

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Polyphthalamide Market Size Forecast to Reach $1.55 Billion by 2025

Polyphthalamide (PPA) Market size is forecast to reach $1.55 billion by 2025, after growing at a CAGR of 6.50% during 2020-2025. PPA resin is a semi-crystalline aromatic polyamide, with key building blocks as dicarboxylic acid, isophthalic acid-based amides, terephthalic acid, or combination. The aromatic content in the polymer chain helps in increasing heat stability, melting point, rigidity, chemical resistance, and moisture absorption characteristics. These resins are widely used to replace metal in numerous applications including automotive, electrical, Aerospace and others.

Polyphthalamide (PPA) Market Segment Analysis - By Type

Glass Fiber Reinforced segment held a significant share in polyphthalamide (PPA) market in 2019. The polyphthalamide resins are categorized into glass fiber reinforced, unreinforced plain, mineral-filled, carbon fiber reinforced and hybrid on the basis of product. Glass fiber reinforced products captured majority of polyphthalamide resin market share owing to the relatively easier availability of fiberglass and a wide range of applications in automotive, electronics, personal care, machinery, etc. These resins improve the strength & physical characteristics and help to maintain structural integrity thereby making them suitable for various automotive applications. Polyphthalamide (PPA) has a high heat deflection temperature, high flexural modulus and high tensile strength. Excellent creep resistance and low moisture absorption are also characteristic of this resin.

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Polyphthalamide (PPA) Market Segment Analysis - By Application

Automotive segment held a significant share in polyphthalamide (PPA) market in 2019 growing at a CAGR of 6.72% during the forecast period. In the automotive industry, polyphthalamide-based materials are widely used for manufacturing various structural parts, fuel system components (such as fuel rails, flanges, fuel line connectors), cooling and heating system components (such as oil filter housings, thermostat housings, turbocharger air coolers), and others. In electronics industry, the product is widely used in SMT electronic components, switches, LEDs, circuit breakers, connectors & sockets, enclosures, capacitor & chip carriers, sensors, etc. PPA resin’s excellent dimensional suitability, surface mount capability and excellent processing ability makes it an ideal choice for various electrical & electronics applications. Favorable trends associated with consumer electronics owing to rising population, increasing spending propensity of people and technological progressions will spur the polyphthalamide resin industry growth during the forecast period.

The impact of the coronavirus pandemic on the chemicals sector could be far reaching, depending on the extent of pandemic reach, the period of plants shutdown in various countries and restrictions on shipments/logistics.

Polyphthalamide (PPA) Market Segment Analysis - Geography

Asia Pacific dominated the polyphthalamide (PPA) market with a share of more than 39%, followed by North America and Europe. Asia-Pacific is also projected to register the highest growth during the forecast period, driven by increasing automotive production and sales from different countries, such as India, Malaysia Thailand, and Indonesia. China is the world’s largest automotive producer. However, the country witnessed about 4.16% decline in the production of vehicles in the year 2018. This trend is likely to remain similar in China, due to the declining demand for diesel and petrol cars in the country. However, rising sales of electric cars are likely to help the automotive market to avoid another slump. Increasing R&D activities in the automotive industry is expected to provide an impetus for the polyphthalamide market in Asia Pacific and North America regions. North America is witnessing a huge demand for lightweight automobiles, driven by the growing consumer preference for high-quality fuel-efficient automobiles. Therefore, the utilization of polyphthalamide in automobile production is rapidly increasing in the region.

Polyphthalamide (PPA) Market Drivers

Environmental Awareness

The awareness regarding vehicle CO2 emissions and associated harmful environmental impacts is increasing all over the world. Various countries are formulating policies and regulatory guidelines to curb these emissions. For instance, European Union has specified guidelines and set targets for automotive manufacturers to control CO2 emissions of passenger cars and light commercial vehicles by 2030. Hefty fines will be assigned to the manufacturers who will fail to comply with these regulations. Such trends will compel automotive manufacturers to use the polyphthalamide resins in automotive manufacturing thereby triggering the polyphthalamide resin market trends over the next few years.

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Polyphthalamide (PPA) Market Challenges

Availability of substitutes

Polymer industry is characterized by research & development and various products are being introduced from time to time. These products have improved operation capability over its predecessors and overcome the functional deficiencies of existing variants. Polyphthalamides face similar level of threat due to availability of substitute materials. These substitutes have better temperature adaptability, superior toughness and improve moisture absorption characteristics. This will in turn negatively influence the polyphthalamide resin market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyphthalamide (PPA) market. Major players in the polyphthalamide (PPA) market are Solvay S.A., Evonik Industries, BASF SE, Arkema Group, EMS-CHEMIE HOLDING AG, E. I. du Pont de Nemours and Company, SABIC, Nagase America Corporation, PlastiComp Inc. and Techmer Engineered Solutions, LLC. among others.

Acquisition/ Product Launch

In August 2015, Evonik introduced new glass-fiber reinforced PPA molding compound VESTAMID® HTplus M1035 P1 for automotive applications.

Key Takeaways

Glass fiber reinforced PPA resin exhibits high strength and stiffness, high heat resistance over a broad temperature range, good chemical and electrical properties, and low moisture absorption, due to which it is highly accepted in end-user industries.

Increasing usage of bio-based PPA is likely to act as an opportunity for the market in the future.

Asia-Pacific dominated the polyphthalamide (PPA) market across the world with the largest consumption from countries, such as China and India.

Related Reports :

A. Polyolefins Market

https://www.industryarc.com/Report/16489/polyolefins-market.html

B. Glass Fiber Reinforced Plastics (GFRP) Composites Market

https://www.industryarc.com/Report/15070/glass-fiber-reinforced-plastics-gfrp-composites-market.html

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Surging Demand for Low-Styrene Emission Gelcoat to Promote Gelcoat Market Growth

Description: Gelcoat Market Global Information by Resin Type (Polyester, Vinyl Ester, Epoxy and Others), End-Use Industry (Marine, Wind Energy, Transportation, Construction and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) - Forecast Till 2030

Keywords:

Gelcoat Market, Gelcoat Market industry, Non-Woven FabricsMarket, Global Non-Woven Fabrics industry, Non-Woven Fabrics  Industry value, Non-Woven Fabrics Market segment

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 Gelcoat Market Overview

The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025).

The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-styrene emission gelcoat is considered one of the primary gelcoat market trends, which will gain traction over the review period.

Global Gelcoat Market: Segmental Analysis

The gelcoat market has been segmented on the basis of resin type and end use industry.

By resin type, the market constitutes of vinyl ester, polyester, epoxy, and others. Of these, polyester is the most extensively used resin for gelcoat. It is easily available and has a low price compared to other resins. Polyester offers useful properties like low shrinkage and is resistant to chemicals and water. Such attributes enable polyester resin-based gelcoat to be used in the construction and marine industries.

The end use industry incorporates wind energy, marine, construction, transportation, and others. Of these, the marine industry is considered to gain significant prominence in the years to come. Glass fiber reinforced plastics are extensively used in the marine industry. Decks and ship hulls for sailing/motor yachts and powerboats are made up of premium quality glass fiber reinforced plastics. The use of fiber-reinforced plastics augments the use of gelcoat in the marine sector as the product helps to enhance the aesthetic quality of fiberglass, besides offering corrosion resistance to structural layered materials.

Gelcoat Market Regional Frontiers

Based on the region, the gelcoat market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region was considered the fastest growing and the largest market in 2018. The region is anticipated to follow a similar trend in the foreseeable future due to the booming transportation and wind energy sectors. Countries like Japan, South Korea, and China are considered among the world’s top shipbuilding nations and thereby register high demand for gelcoat for coating ships. Moreover, the recent boom in the construction industry is fueling the demand from the gelcoat market as buildings are consuming fiber plastics for several applications.

Europe has managed to seize the second-largest share in the global market due to the recovery of the marine industry. The booming wind energy industry in the region is also encouraging the market growth in Europe.

North America, on the other hand, is likely is register significant growth, with the U.S. holding 16.5% share of the total wind installed capacity. This is likely to encourage the demand for gelcoat in the wind energy industry. Moreover, the increased adoption of fiber-reinforced for several building applications is contributing to the market growth in the region.

Competitive Dashboard

The top players operating in the gelcoat market include 3M (US), Scott Bader Company Ltd (UK), INEOS (UK), Polynt SpA (Italy), Oy Kokko-Fiber Ab (Finland), Mechemco (India), Vetroresina Spa (Italy), BÜFA Composite Systems GmbH & Co. KG (Germany), AOC LLC (US), Interplastic Corporation (US), Allnex Netherlands BV (Netherlands), HK Research Corporation (US), Fibre Glast Developments Corp. (US), Reichhold LLC (US), and Axson Technologies (France).

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Purifed Isophthalic Acid   Market SWOT Analysis, Emerging Trends, Key Players, Future Scope | Forecast 2028

Global Purifed Isophthalic Acid  Market, Geography (North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa)) Industry Trends 2021-2028

<strong>Market Overview</strong> The research study of the Purifed Isophthalic Acid  market is designed on account of the fact that each segment is individually evaluated and then combined to form the whole market, and the analysis is done according to customers’ needs. The Purifed Isophthalic Acid  market is made to receive high growth in the forecast period due to fast-paced industrialization and urbanization in the developing countries. Moreover, strengthening traffic infrastructure projects and micro-tunneling activities are further expected to drive the growth of the Purifed Isophthalic Acid  market. However, high investment costs may affect the overall market growth. Besides, increasing applicability in the mining industry and technological advancements are likely to reflect various significant chances for the key players operating in the Purifed Isophthalic Acid  market during the forecast period.

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<strong>Methodology</strong> Primary and secondary research methods are examined to follow the entire scientific research systematically. Primary research consists of raw material supply, industry status, and other indexes while secondary research includes divisions according to industry conditions and key innovations related to the Purifed Isophthalic Acid  market. The report is based on various research techniques. Substantial qualitative, as well as quantitative research, is done along with an entire marketing procedure to record the key features.

<strong>Market Segmentation</strong> The segmentation of the global Purifed Isophthalic Acid  industry is carried out in this report based on various variables, such as scale, framework, business, and end-use area. In addition, each segment is established along with growth analysis to provide all the important details for the forecast period. The regional summary provides an estimation of the quantity and revenues of each region, along with its respective nations. The work also includes numerous facets of the industry, such as import & export, supply chain valuation, Purifed Isophthalic Acid  market share, sales, volume, and so on. In addition, the research examines market-influencing considerations that include production processes and methodologies, development networks, and the product model. This study would certainly provide you with an unmistakable glimpse into any particular business fact without having to refer to any other research paper or source of knowledge. Our research will give you all the information on the history, current, and future fate of the sector in question.

<strong>Report Summary</strong> Any sort of report in an organization is a valuable and important tool regardless of the scale on which it operates. It provides a method to track and examine the performance and overall circumstances of the business while identifying areas that require improvement for the better functioning of the organization. A  business report also holds great importance in the fact that it suggests corrective actions that need to be done to avoid the business fails to meet the desired targets and thus helps to recover in times of adversities. An annual report prepared in the company is an effective tool for providing management, employees, investors, and other clients with a complete picture of their business.

<strong>Reasons to buy this report:</strong> Detailed analysis of key factors and opportunities available in different segments for strategizing. Detailed analysis of the latest trends and forecasts to create a plan for the next step. Detailed analysis of various segments and their driving factors such as growth rate and revenue is offered. A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity. This study presents the analytical depiction of the Purifed Isophthalic Acid  industry along with the current trends and future estimations to determine the imminent investment pockets. The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Purifed Isophthalic Acid  market share.

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<strong>Top Listed Companies in the Purifed Isophthalic Acid  Market Include</strong>

Eastman, Perstorp, Lotte Chemical, British Petroleum (BP), Total Petrochemicals, A.G. International Chemical Company Inc (Agic), Cepsa, Exxonmobil, Formosa Chemicals, Koch Chemical Company, Mitsubishi Gas Chemical, Samsung Total Petrochemicals, Versalis

<strong>Regional Analysis</strong> North America, Latin America, Asia-Pacific nations, Europe, India, China, Australia, and a lot of other countries of the world have been scaled on various parameters and thereafter a report is being made on them. It is observed that North America, will show positive development during the period in marketing development. Administrative organizations and marketing managers are trying to channelize and integrate all the effort toward developing an efficient marketing system. As the important parts of the market business would spread all around the world, Middle East, Africa, North America along other Asia-Pacific nations shows great signs of developing a good market-oriented environment in their area. Customization of the report: The customized report is provided by our consultancy at a reasonable price. We provide updated information according to the requirements of the customers in the market world.

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<strong>Services:</strong> 1. Expert analysts at your service. 2. Service according to your needs 3. Clearance of your queries. 4. Whole day service 5. Well updated Report.

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Global Gelcoat Market Growth|Trends, Size,Share & Forecast to 2025

Gelcoat Market Overview

The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025).

The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-styrene emission gelcoat is considered one of the primary global COVID-19 analysis on gelcoat market trends, which will gain traction over the review period.

Global Gelcoat Market: Segmental Analysis

The global gelcoat industry growth has been segmented on the basis of resin type and end use industry.

By resin type, the market constitutes of vinyl ester, polyester, epoxy, and others. Of these, polyester is the most extensively used resin for gelcoat. It is easily available and has a low price compared to other resins. Polyester offers useful properties like low shrinkage and is resistant to chemicals and water. Such attributes enable polyester resin-based gelcoat to be used in the construction and marine industries.

The end use industry incorporates wind energy, marine, construction, transportation, and others. Of these, the marine industry is considered to gain significant prominence in the years to come. Glass fiber reinforced plastics are extensively used in the marine industry. Decks and ship hulls for sailing/motor yachts and powerboats are made up of premium quality glass fiber reinforced plastics. The use of fiber-reinforced plastics augments the use of gelcoat in the marine sector as the product helps to enhance the aesthetic quality of fiberglass, besides offering corrosion resistance to structural layered materials.

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Gelcoat Market Regional Frontiers

Based on the region, the gelcoat market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region was considered the fastest growing and the largest market in 2018. The region is anticipated to follow a similar trend in the foreseeable future due to the booming transportation and wind energy sectors. Countries like Japan, South Korea, and China are considered among the world’s top shipbuilding nations and thereby register high demand for gelcoat for coating ships. Moreover, the recent boom in the construction industry is fueling the demand from the gelcoat market as buildings are consuming fiber plastics for several applications.

Europe has managed to seize the second-largest share in the global market due to the recovery of the marine industry. The booming wind energy industry in the region is also encouraging the market growth in Europe.

North America, on the other hand, is likely is register significant growth, with the U.S. holding 16.5% share of the total wind installed capacity. This is likely to encourage the demand for gelcoat in the wind energy industry. Moreover, the increased adoption of fiber-reinforced for several building applications is contributing to the market growth in the region.

Gelcoat Market Competitive Dashboard

The top players operating in the gelcoat market include 3M (US), Scott Bader Company Ltd (UK), INEOS (UK), Polynt SpA (Italy), Oy Kokko-Fiber Ab (Finland), Mechemco (India), Vetroresina Spa (Italy), BÜFA Composite Systems GmbH & Co. KG (Germany), AOC LLC (US), Interplastic Corporation (US), Allnex Netherlands BV (Netherlands), HK Research Corporation (US), Fibre Glast Developments Corp. (US), Reichhold LLC (US), and Axson Technologies (France).

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Mixed Xylene Market Comprehensive Study With Key Trends, Major Drivers And Challenges 2020-2026

Mixed Xylene Market: Report Description

This FMI study on the Mixed Xylene market offers a ten-year forecast for the global Mixed Xylene market from 2018 to 2028. This study of the Mixed Xylene market considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2028. The Compound Average Growth Rate (CAGR) in the Mixed Xylene market study has been represented from 2018 to 2028.

This Mixed Xylene market study covers various perspectives of the market, including market dynamics, competition analysis, value chain and pricing chain analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Mixed Xylene market is projected to grow at a CAGR of 7.0% between 2018 and 2028, in terms of value. Growing petrochemical industry and high demand for aromatic hydrocarbons are some of the factors positively impacting the uptake of Mixed Xylene in the global market.

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Mixed Xylene is a colourless, flammable aromatic hydrocarbon liquid with a sweet odour. It is a mixture of different isomers of xylene such as meta-xylene, para-xylene, ortho-xylene and ethylbenzene. The distribution of isomers in xylene varies. Commercial xylenes from petroleum sources contain approximately 40 – 50% m-xylene, 20% o-xylene, 20% p-xylene, and 5 – 15% ethylbenzene. Around 98% of Para-Xylene is consumed by the polyester chain for the production of film, fibre and polyethylene terephthalate (PET), through one of two intermediates, i.e. dimethyl terephthalate (DMT) or purified terephthalic acid (PTA). Meta-Xylene is used in the production of isophthalic acid while Ortho-Xylene is used in the production of phthalic anhydride. Mixed Xylene is also used as a solvent in different end-use industries.

The FMI report on the Mixed Xylene market carefully analyses the market at a regional and global level through market segmentation on the basis of key parameters such as grade, application, end use and region. This Mixed Xylene market report is structured to facilitate the reader to develop a detailed understanding of the market. The Mixed Xylene market report begins with the definition of the market, followed by the market background, market dynamics and analysis of the market by key segments, regional analysis of the market and competition landscape. Each section of the Mixed Xylene market report includes a quantitative and qualitative assessment of the market on the basis of historical developments, facts and key opinions collected from various industry participants through dedicated interviews and trends in the market.

Mixed Xylene Market: Segmentation

Grade

Isomer Grade

Solvent Grade

Application

Fuel Blending

Solvents

The Mixed Xylene market report begins with an introduction of the market, which includes the market taxonomy and product definition with respect to the global Mixed Xylene market assessment. In the following section, the Mixed Xylene market report describes the market development background, covering industry factors and macro-economic factors affecting the Mixed Xylene market for the base year considered for the study.

The next section of the Mixed Xylene market report discusses the dynamics of the market such as drivers (demand and supply side), restraints, opportunities and trends impacting the market growth at a global level. Market potential for manufacturers has been presented in the following section of the same chapter. This section also includes an assessment of the impact of market dynamics on the global Mixed Xylene market.

Subsequent sections of the report provide value (US$ Mn) and volume (Consumption in KT) projections for the Mixed Xylene market on the basis of the above-mentioned segments at a global level. The values for the global market represented in these sections have been agglomerated by collecting data and information at the regional level.

All the above sections evaluate the present Mixed Xylene market scenario and growth prospects in the global Mixed Xylene market while the forecast presented in the sections assesses the market size in terms of volume and value.

Additionally, it is imperative to note that, in an inconsistent global economy, we not only conduct forecasts in terms of CAGR, but furthermore analyse the market on the basis of crucial parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Mixed Xylene market and identify the accurate opportunities available.

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In order to understand the key market segments in terms of growth and installation of Mixed Xylene across concerned regions, FMI has developed an attractiveness index, which will help providers identify real market opportunities.

Another significant feature of the Mixed Xylene market report is the analysis of all the key segments in the Mixed Xylene market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Mixed Xylene market.

In the concluding section of the Mixed Xylene market report, a competitive landscape of the Mixed Xylene market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the Mixed Xylene market and key differentiating factors and strategies. The primary category of providers covered in the report includes Mixed Xylene manufacturers. This section in the Mixed Xylene market report is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Mixed Xylene market. Examples of some of the key competitors covered in this report include Exxon Mobil Corporation, TOTAL S.A., GS Caltex Corporation, Idemitsu Kosan Co., Ltd., LOTTE Chemical CORPORATION, Royal Dutch Shell plc, China National Petroleum Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, Flint Hills Resources, LLC, YPF Sociedad Anónima, and SK global chemical Co., Ltd.

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Isophthalic Acid Prices | Pricing | Trend | News | Database | Chart | Forecast

 Isophthalic Acid Prices a key component in the production of high-performance resins and polymers, plays a crucial role in various industrial applications. The pricing of isophthalic acid has been a subject of significant interest and fluctuation due to a range of factors influencing supply and demand dynamics. Understanding the intricacies of isophthalic acid prices involves examining the raw material costs, production processes, market demand, and global economic conditions.

The production of isophthalic acid primarily involves the catalytic oxidation of meta-xylene, a process that requires substantial energy and raw materials. As a result, any fluctuation in the cost of raw materials or energy can directly impact the price of isophthalic acid. The cost of meta-xylene, the primary feedstock, has been notably volatile, influenced by global petrochemical markets and regional supply-demand imbalances. Additionally, energy prices, including electricity and natural gas, significantly affect production costs. Fluctuations in these energy prices can, in turn, lead to variations in isophthalic acid prices, reflecting broader economic conditions and energy market trends.

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Market demand for isophthalic acid also plays a critical role in determining its price. This compound is widely used in the production of unsaturated polyester resins, which are utilized in a variety of industries including automotive, construction, and marine. The health of these end-use industries, along with their growth trajectories, influences the demand for isophthalic acid. For instance, an uptick in automotive manufacturing or construction projects can drive higher demand for unsaturated polyester resins, thus pushing up the price of isophthalic acid. Conversely, a downturn in these sectors can lead to reduced demand and consequently lower prices.

Geopolitical events and global trade dynamics also impact isophthalic acid pricing. Trade policies, tariffs, and international relations can affect the flow of raw materials and finished products across borders. For example, trade tensions between major producing and consuming countries can lead to supply chain disruptions, influencing the availability and cost of isophthalic acid. Moreover, fluctuations in currency exchange rates can impact international trade, making isophthalic acid more expensive or cheaper depending on the relative strength of currencies involved in the trade.

The production capacities and operational efficiencies of key manufacturers also influence pricing. Major producers of isophthalic acid are continuously investing in technology and process improvements to enhance production efficiency and reduce costs. Advances in production technology can lead to lower costs per unit of isophthalic acid, which might be passed on to consumers in the form of lower prices. Conversely, any disruptions or inefficiencies in production processes can lead to higher costs, affecting the overall pricing landscape.

Market speculation and investor sentiment can further add to the volatility of isophthalic acid prices. Traders and investors in commodities markets often react to news and trends that could influence supply and demand, leading to price fluctuations. For instance, anticipated changes in regulatory policies, economic forecasts, or technological advancements can prompt speculative trading activities, which can cause temporary spikes or drops in isophthalic acid prices.

In recent years, there has been a growing emphasis on sustainability and environmental considerations within the chemical industry. This shift is driving the development of more eco-friendly production methods and alternative raw materials for isophthalic acid. The adoption of greener technologies and sustainable practices can affect production costs and prices. While these initiatives may lead to long-term cost savings and price stability, the initial investment in new technologies can sometimes result in higher prices during the transition period.

The interplay of these various factors creates a complex pricing environment for isophthalic acid. Companies involved in the production and consumption of isophthalic acid must navigate these dynamics to manage costs and pricing strategies effectively. For businesses in industries reliant on isophthalic acid, understanding the underlying factors influencing price movements is essential for strategic planning and cost management.

In conclusion, the pricing of isophthalic acid is shaped by a multitude of factors, including raw material costs, energy prices, market demand, geopolitical influences, and advancements in production technologies. The interplay of these elements results in a dynamic pricing environment that can fluctuate based on both short-term events and long-term trends. As industries continue to evolve and adapt to changing economic and environmental conditions, the price of isophthalic acid will likely continue to reflect these broader industry and market forces.

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Polyphthalamide Market Expected to Reach ~ US$ 2.5 Bn by 2027

Polyphthalamide Market: Key Highlights

In terms of revenue, the global polyphthalamide market is anticipated to expand at a CAGR of ~ 8% from 2019 to 2027.

The semi-crystalline nature of polyphthalamide plays a vital role in high temperature applications. Polyphthalamide provides excellent heat resistance, high chemical resistance, and superior mechanical properties. These properties are essential in the manufacture of electrical components and automotive end-use products.

The automotive segment accounted for a major share of the polyphthalamide market in 2018, owing to the rising trend of production of electric vehicles, sports utility vehicles, and hybrid vehicles. Technological advancements in several devices, components, and ancillaries in the automotive industry are expected to offer lucrative opportunities to the polyphthalamide market.

Electrical & electronics is expected to be a highly attractive end-use segment of the polyphthalamide market during the forecast period. Increasing penetration of the Internet due to the emergence of 5G technology around the world is boosting the demand for smartphones, smart electronic gadgets, and consumer devices.

Electronic manufacturers require highly reliable, heat-resistant, and moisture-resistant components to achieve a competitive advantage over their competitors.

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High Demand for Lightweight Components to Propel Polyphthalamide Market

The implementation of stringent government regulations to control the emission of carbon from automotive vehicles is driving the demand for lightweight polymers and their components.

Rise in the demand for lightweight parts to achieve fuel efficiency and low carbon emission of commercial and passenger vehicles are projected to boost the demand for polyphthalamide in the near future.

Increase in the demand for ecofriendly vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles, is likely to propel the polyphthalamide market in the next few years.

According to the International Energy Agency (IEA), the global stock of electric cars crossed the 3 million units mark in 2017. Increase in government initiatives to adopt electric vehicles over conventional fuel vehicles is a key factor projected to propel the demand for polyphthalamide during the forecast period.

Volatility in Raw Material Prices to Pose Key Challenge

Raw materials such as terephthalic acid (TPA) and isophthalic acid (ISA) are primarily used in the commercial synthesis of polyphthalamide in the polymer industry. Therefore, fluctuation in the prices of raw materials on a global level is projected to restrain the polyphthalamide market in the next few years.

The implementation of stringent government regulations on the polymer industry due to the high carbon emissions during the manufacturing process is likely to hamper the polyphthalamide market during the forecast period.

Asia Pacific Expected to be a Highly Lucrative Region of the Polyphthalamide Market

In terms of value, Asia Pacific accounted for more than 50% share of the global polyphthalamide market in 2018. The region is anticipated to maintain its leading position from 2019 to 2027. Rapid development of semiconductor and electronics industries in India, South Korea, Taiwan, and Japan is estimated to provide lucrative opportunities for the polyphthalamide market in the region.

According to International Energy Agency, China constituted a major share of around 40% of the global electric vehicles market in 2018. Expansion of the electric vehicles market in China is projected to boost the demand for auto parts and components in the region. This, in turn, is likely to propel the polyphthalamide market in the region.

China has a strong presence of end-user industries such as consumer electronics, automotive, cosmetics, and personal care. Increase in the demand for electronic devices is likely to propel the demand for polyphthalamide in the near future. After China, the polyphthalamide market in India is anticipated to expand at a rapid pace, owing to the high demand for electronic devices such as tablets, smartphones, computers, and laptops in the country.

After Asia Pacific, Europe is likely to be a major region of the global polyphthalamide market, due to the strong presence of automotive manufacturing companies that have been adopting lightweight components.

The demand for thermoset polymer resins such as polyphthalamide in Latin America and the Middle East & Africa has been sluggish, owing to the limited presence of technology and manufacturers in these regions.

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Global Polyphthalamide Market – Key Developments

On May 13, 2019, BASF Corporation expanded its portfolio by introducing the new PPA Ultramid Advanced T2000 in Guangzhou, China. The product was developed to cater to the rise in the demand for flame-retardant connectors in the electrical & electronics industry. The new product was combined from PA 6T/66 and polyphthalamide (PPA) polymer to enhance mechanical and dielectric properties at high temperature application.

On November 19, 2018, EMS-Grivory introduced a new product, Grivory HT6, under the product portfolio of Grivory HT. The newly launched product offers higher temperature resistance than polyphthalamide (PPA)-based nylon compound. The company aims to expand the product portfolio under the polyphthalamide (PPA)-based polymer brand to cater to the rise in the demand for polyphthalamide in various industries across the globe.

On October 11, 2018, Celanese Corporation announced that it had acquired India-based Next Polymers Ltd, a leading engineering thermoplastic compound manufacturer. Next Polymers Ltd specializes in the manufacture of polymer compounds across the country. The acquisition aims to strengthen Celanese Corporation’s market position in Asia Pacific.

Global Polyphthalamide Market: Competition Landscape

A large numbers of organized and unorganized players operate in the global polyphthalamide market. Prominent players operating in the global polyphthalamide market include BASF Corporation, DowDuPont Inc., Koninklijke DSM N.V., Arkema, and Celanese Corporation.

Other vendors functioning in the market include EMS-GRIVORY, Evonik Industries AG, Solvay S.A., RTP Company, and SABIC. These companies are focusing on developing new global strategies, including strategic acquisitions & collaborations, to expand their production capacity in order to cater to the rising demand for polyphthalamide across the globe.

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North America Isophthalic Acid (IPA) Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast

North America Isophthalic Acid (IPA) Market Report (2014-2024) – Market Size, Share, Price, Trend and Forecast

North America Isophthalic Acid (IPA) Market Report (2014-2024) – Market Size, Share, Price, Trend and Forecast Abstract: The North America Isophthalic Acid (IPA) market size is $XX million USD in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million USD by the end of 2024 with a CAGR of XX% from 2019 to 2024. This report is an essential reference for who…

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Global Purified Isophthalic Acid (PIA)  Market  By Top Players Like LOTTE Chemical, Eastman, Beijing Yanshan Petrochemical, Mitsubishi Gas Chemical, Indorama, Perstorp, Formosa Chemicals & Fibre Corporation Report Forecast 2023

Isophthalic acid is a key ingredient in FRP (Fiberglass Reinforced Plastics) markets for such products as marine, automotive, and corrosion resistant pipes and tanks.

The Key Manufacturers Covered in this Report:

·        LOTTE Chemical

·        Eastman

·        Beijing Yanshan Petrochemical

·        Mitsubishi Gas Chemical

·        Indorama

·        Perstorp

·        Formosa Chemicals & Fibre Corporation

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The latter is obviously useful to indicate when the desiccant is used up. Self-indicating gels also have a number of varieties, the older blueto-pink gels and the more recent yellow-to-green ones. Blue-to-pink gels contain cobalt chloride so are subject to legislation in Europe that requires a toxic hazard label. Yellow-to-green gels do not pose such health and safety issues. White-to-pink gels are also available but these contain phenolphthalein, a known carcinogen. Molecular sieve is a special type of desiccant that can reduce moisture levels to almost zero. Such desiccants are available in different pore sizes with varying capacities for moisture adsorption. Activated carbon, while not a desiccant, is often used to absorb odours.

SEGMENTATION BY PRODUCT TYPE:

·        Purity 99.9%

·        Purity 99.8%

·        Other

SEGMENTATION BY APPLICATION:

·        PET Resin

·        UPR Resin

·        Polyester

·        Others

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Major Table of Contents:

1 Market Overview

2 Manufacturers Profiles

3 Global Purified Isophthalic Acid (PIA)  Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)

4 Global Purified Isophthalic Acid (PIA)  Market Analysis by Regions

5 North America Purified Isophthalic Acid (PIA)  by Countries

6 Europe Purified Isophthalic Acid (PIA)  by Countries

7 Asia-Pacific Purified Isophthalic Acid (PIA)  by Countries

8 South America Purified Isophthalic Acid (PIA)  by Countries

9 Middle East and Africa Purified Isophthalic Acid (PIA) by Countries

10 Global Purified Isophthalic Acid (PIA)  Market Segment by Type

11 Global Purified Isophthalic Acid (PIA)  Market Segment by Application

12 Purified Isophthalic Acid (PIA)  Market Forecast (2018-2023)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

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Research Objectives:

- To study and analyze the global Pharmaceutical Desiccant (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

- To understand the structure of Purified Isophthalic Acid (PIA) Market  by identifying its various sub segments.

- Focuses on the key global Pharmaceutical Desiccant manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

- To analyze the Pharmaceutical Desiccant with respect to individual growth trends, future prospects, and their contribution to the total market.

- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

- To project the consumption of Pharmaceutical Desiccant submarkets, with respect to key regions (along with their respective key countries).

- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

- To strategically profile the key players and comprehensively analyze their growth strategies.

Customization Options

·        All segmentation provided above in this report is represented at country level and can be customized according to needs.

·        All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).

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Global Purifed Isophthalic Acid Market Size, Growth, Opportunity, Outlook & Forecast – Expected to Reach at a CAGR of 4.98% by 2023

In demand to Research the various trends and patterns principal in the overall market for Purifed Isophthalic Acid Market, KD Market Insights has comprised a new Research report Which titled as “Global Purifed Isophthalic Acid Market 2023” to its inclusive online database. This study assessment proposals a clear intuition about the persuasive factors that are predictable to transform the global market in the near upcoming. Readers can admittance the county as well as segment-wise study for buying precise data about the global market structure. Global purifed isophthalic acid market is anticipated to grow at a CAGR of 4.98% by 2023, according to a new report published by KD Market Insights. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography (North America, Europe, Asia-Pacific, MEA and South America). Request for Sample @ https://www.kdmarketinsights.com/sample.php?r_id=1521 The Global Market for purifed isophthalic acid to 2023 offers detailed coverage of purifed isophthalic acid industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading purifed isophthalic acid producers to provide exhaustive coverage of the purifed isophthalic acid. Report contents include – Analysis of the purifed isophthalic acid market including revenues, future growth, market outlook – Historical data and forecast – Regional analysis including growth estimates – Analyzes the end user markets including growth estimates. – Profiles on purifed isophthalic acid including products, sales/revenues, and market position – Market structure, market drivers and restraints. Key regions – North America – Europe – Asia Pacific – Middle East and Africa – South America Key vendors – Eastman Chemical B.V. – Indorama Ventures Public Company Limited – Lotte Chemical Corporation – Mitsubishi Gas Chemical Company, Inc. – Perstorp AB – request free sample to get a complete list of companies Browse Full Report with TOC https://www.kdmarketinsights.com/product?ctitle=global-purifed-isophthalic-acid-market-outlook-2018-2023 Table of Contents: Part 1. Summary Part 2. Report Methodology 2.1 Methodology 2.2 Data Source 2.3 Disclaimer Part 3. Market Overview 3.1 General Information 3.2 Segmentation by Type 3.3 Segmentation by Application 3.4 Regional Purifed Isophthalic Acid Market Size (Status & Prospect) 3.4.1 North America 3.4.2 Europe 3.4.3 Asia-Pacific 3.4.4 Middle East & Africa 3.4.5 South America Part 4. Industry Value Chain 4.1 Purifed Isophthalic Acid Industry Value Chain Analysis 4.2 Upstream Raw Materials 4.3 End-users & Customers 4.4 Distributors Part 5. Competitive Landscape 5.1 Global Purifed Isophthalic Acid Sales & Share by Company (2013-2018) 5.2 Global Purifed Isophthalic Acid Revenue & Share by Company (2013-2018) 5.3 Price Trends 5.4 Competitive Trends Part 6. Segmentation by Type 6.1 Global Purifed Isophthalic Acid Sales Volume by Type (2013-2018) 6.2 Global Purifed Isophthalic Acid Revenue by Type (2013-2018) 6.3 Global Purifed Isophthalic Acid Price by Type (2013-2018) Part 7. Segmentation by Application 7.1 Global Purifed Isophthalic Acid Sales Volume by Application (2013-2018) 7.2 Global Purifed Isophthalic Acid Revenue by Application (2013-2018) 7.3 Global Purifed Isophthalic Acid Price by Application (2013-2018) Part 8. Regional Perspectives 8.1 Overview 8.2 North America 8.2.1 by Application 8.2.2 by Country (U.S., Canada, Mexico, etc.) 8.3 Europe 8.3.1 by Application 8.3.2 by Country (Germany, UK, France, Spain, Italy, etc.) 8.4 Asia-Pacific 8.4.1 by Application 8.4.2 by Country (China, Japan, Korea, India, etc.) 8.5 Middle East & Africa 8.5.1 by Application 8.5.2 by Country (Saudi Arabia, Turkey, Nigeria, Iran, South Africa, etc.) 8.6 South America 8.6.1 by Application 8.6.2 by Country (Brazil, Argentina, Colombia, etc.) Part 9. Company Profiles 9.1 Company Profile 9.2 Product Offered 9.3 Business Performance (2013-2018) Continue…… Enquire About This Report @ https://www.kdmarketinsights.com/enquiry.php?r_id=1521 About KD Market Insights KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind. Contact Us 150 State street, 3rd Floor, Albany, New York United states (12207) Telephone: +1-518-300-1215 Email: - sales@kdmarketinsights.com Website: - www.kdmarketinsights.com Follow on LinkedIn @ in.linkedin.com/company/kd-market-insights

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Gelcoat Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023

Gelcoat Market Overview

The Gelcoat market is enhanced by the surging demand from the emerging countries rapid growth in applications. Gelcoat helps in delivering high-quality finish on the surfaces of fiber-reinforced composites and protects structural laminates. Isophthalic acid-based resins are used in the manufacturing of gelcoats and are available in spray and brush versions so that laminate is not prone to cracking damage. The global gelcoat market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.6% during the forecast period (2017-2025).

The recent boom in the marine industry is one of the key factors contributing to the market growth across the globe. Gelcoats are generally used to paint the exterior and interior surfaces and protect metal components from the attack of UV radiation and chemicals. Due to their superior properties, high durability, and supreme quality, gelcoats are extensively used in the marine industry. The mounting demand for low-styrene emission gelcoat is considered one of the primary global COVID-19 analysis on gelcoat market trends, which will gain traction over the review period.

Global Gelcoat Market: Segmental Analysis

The global gelcoat industry growth has been segmented on the basis of resin type and end use industry.

By resin type, the market constitutes of vinyl ester, polyester, epoxy, and others. Of these, polyester is the most extensively used resin for gelcoat. It is easily available and has a low price compared to other resins. Polyester offers useful properties like low shrinkage and is resistant to chemicals and water. Such attributes enable polyester resin-based gelcoat to be used in the construction and marine industries.

The end use industry incorporates wind energy, marine, construction, transportation, and others. Of these, the marine industry is considered to gain significant prominence in the years to come. Glass fiber reinforced plastics are extensively used in the marine industry. Decks and ship hulls for sailing/motor yachts and powerboats are made up of premium quality glass fiber reinforced plastics. The use of fiber-reinforced plastics augments the use of gelcoat in the marine sector as the product helps to enhance the aesthetic quality of fiberglass, besides offering corrosion resistance to structural layered materials.

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Gelcoat Market Regional Frontiers

Based on the region, the gelcoat market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region was considered the fastest growing and the largest market in 2018. The region is anticipated to follow a similar trend in the foreseeable future due to the booming transportation and wind energy sectors. Countries like Japan, South Korea, and China are considered among the world’s top shipbuilding nations and thereby register high demand for gelcoat for coating ships. Moreover, the recent boom in the construction industry is fueling the demand from the gelcoat market as buildings are consuming fiber plastics for several applications.

Europe has managed to seize the second-largest share in the global market due to the recovery of the marine industry. The booming wind energy industry in the region is also encouraging the market growth in Europe.

North America, on the other hand, is likely is register significant growth, with the U.S. holding 16.5% share of the total wind installed capacity. This is likely to encourage the demand for gelcoat in the wind energy industry. Moreover, the increased adoption of fiber-reinforced for several building applications is contributing to the market growth in the region.

Gelcoat Market Competitive Dashboard

The top players operating in the gelcoat market include 3M (US), Scott Bader Company Ltd (UK), INEOS (UK), Polynt SpA (Italy), Oy Kokko-Fiber Ab (Finland), Mechemco (India), Vetroresina Spa (Italy), BÜFA Composite Systems GmbH & Co. KG (Germany), AOC LLC (US), Interplastic Corporation (US), Allnex Netherlands BV (Netherlands), HK Research Corporation (US), Fibre Glast Developments Corp. (US), Reichhold LLC (US), and Axson Technologies (France).

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Isophthalic Acid Prices Trend | Pricing | Database | News | Index | Chart

 Isophthalic Acid Prices a vital raw material in the production of high-performance polymers and resins, plays a crucial role in various industrial applications, including coatings, PET resins, and unsaturated polyester resins. The prices of isophthalic acid are influenced by several factors, including raw material costs, demand from end-use industries, production capacities, and global economic conditions. The market dynamics are complex, with prices often fluctuating in response to these variables. One significant factor affecting isophthalic acid prices is the cost of raw materials, particularly paraxylene, which is a key precursor. Any fluctuations in the prices of paraxylene due to changes in crude oil prices or supply disruptions can directly impact the cost of isophthalic acid. Additionally, the energy-intensive nature of the production process means that energy costs also play a significant role in determining the final product price.

Demand from end-use industries is another critical factor. The polyester resin market, which includes applications in coatings, adhesives, and PET bottle manufacturing, is a major consumer of isophthalic acid. Any changes in the demand for these end products can lead to corresponding shifts in isophthalic acid prices. For instance, an increase in the production of PET bottles, driven by consumer demand for beverages, can lead to higher demand for isophthalic acid, pushing prices upward. Conversely, a slowdown in the construction or automotive sectors can reduce demand for coatings and resins, leading to lower prices. Global production capacity and regional production dynamics also influence prices. Countries like China are significant producers of isophthalic acid, and any changes in their production output can have ripple effects across the global market. An increase in production capacity in these regions can lead to an oversupply, causing prices to drop. On the other hand, production shutdowns due to environmental regulations or plant maintenance can create supply constraints, driving prices up.

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Economic conditions globally have a profound impact on the pricing of isophthalic acid. During periods of economic growth, increased industrial activity can boost demand for isophthalic acid, leading to higher prices. Conversely, during economic downturns, reduced industrial activity and lower consumer spending can decrease demand, resulting in lower prices. Trade policies and tariffs also play a role. Imposition of tariffs on imported raw materials or finished products can affect the pricing structure within different regions, leading to price adjustments. The interplay between supply chain logistics, transportation costs, and geopolitical events further complicates the pricing landscape. For instance, disruptions in global shipping routes or increased freight costs can lead to higher transportation costs, which in turn can elevate the final price of isophthalic acid.

Technological advancements and production efficiencies also contribute to pricing trends. Innovations in production processes that reduce energy consumption or raw material usage can lower production costs, potentially leading to reduced prices for isophthalic acid. However, the adoption of such technologies requires significant investment, which can initially increase prices before the benefits of cost reductions are realized. Market competition is another critical aspect. The presence of multiple suppliers and manufacturers in the market can lead to competitive pricing strategies, which can drive prices down. However, in markets where a few large players dominate, prices may remain higher due to limited competition.

Environmental regulations and sustainability trends are increasingly shaping the market dynamics for isophthalic acid. Stricter environmental regulations can increase production costs due to the need for compliance with emission standards and waste management practices. On the other hand, the growing emphasis on sustainability and green chemistry can drive innovation in production processes, potentially reducing environmental impact and production costs over time. The volatility in the chemical markets, influenced by macroeconomic factors, geopolitical tensions, and industry-specific developments, means that stakeholders must continuously monitor these variables to make informed decisions regarding production, procurement, and pricing strategies. This volatility can present both challenges and opportunities for market participants.

In conclusion, the prices of isophthalic acid are determined by a complex interplay of factors, including raw material costs, demand from end-use industries, global production capacity, economic conditions, trade policies, technological advancements, market competition, and environmental regulations. Understanding these dynamics is crucial for stakeholders in the chemical industry to navigate the market effectively. Continuous monitoring and strategic planning are essential to manage the impacts of these factors on isophthalic acid prices, ensuring business sustainability and profitability. The future outlook for isophthalic acid prices will likely continue to be influenced by these multifaceted factors, necessitating a proactive approach from industry participants.

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