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Wednesday, 10 March 2021

Protective Fabrics Market - Trends, Share, Analysis, Overview, Growth, Price, Demand and Forecast 2025

Protective Fabrics Market - Overview:

Protective Fabrics are predominantly utilized in various end use industries such as building & construction, oil & gas, defense & military, healthcare, firefighting, and others. Protective Fabrics Market is estimated to witness robust growth owing to growing demand from building & construction sector and continuous growth of healthcare as well as oil & gas industry worldwide. In addition, building & construction is predicted to remain the largest consumer of protective fabrics over the assessment period on account of implementation of stringent regulations for the safety of workers in North American and European countries in the next few years. Moreover, healthcare segment is estimated to grow with the highest CAGR due to growing per capita disposable along with burgeoning need of safe medical treatments.

Geographically, North America emerged as the largest market for Protective Fabrics in 2016 followed by Europe and Asia Pacific. The Asia Pacific protective fabric market is estimated to witness healthy CAGR and is predicted to register significant growth over the forecast years owing to increasing demand from defense and healthcare sector. Furthermore, the demand for protective fabrics is predicted to surge in various countries of Asia Pacific such as China, India, and South Korea on account of rising building & construction activities along with high adoption rate from various end use industries. Furthermore, huge investment by major market players in their innovation and Research & Development activities and shifting of protective fabrics manufacturing unit as well as significantly growing base of numerous end use industries in this region is estimated to propel the Protective Fabrics Regional Market Growth.

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North American market is expected to witness healthy growth due to growing concern for industrial workers safety along with stringent regulations regarding the proper use of personal protective equipment while working in a plant. North American market is further categorized into U.S. and Canada which are among the major contributor in the regional market growth on account of strong growth of building & construction and healthcare sector. European market is estimated to witness strong growth on account of rising awareness regarding the benefits associated with the product as well as growing utilization in firefighting and oil & gas industries. Furthermore, developing countries of Latin America and the Middle East & Africa such as Turkey, the United Arab Emirates, Iran, Israel, Brazil, and Mexico are estimated to witness steady growth due to rising disposable income combined with strong consumer base for building & construction sector.

Key Players:

Sro Aramid (Jiangzu) Co. Ltd, China National Bluestar, Huvis Corp, Kermel, Kolon Industries, Hyosung Corp, Toray Chemicals, Yantai Tayho Advanced Materials, Teijin Ltd, Dupont among others are some of the prominent players at the forefront of competition in the Global Protective Fabrics Market and are profiled in MRFR Analysis.

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Competitive Landscape:

The Protective Fabrics report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The Global Protective Fabrics Market comprises of various manufacturers operating in the market which comprised of large scale and medium scale producers. Some of the prominent market players operating in the global protective fabrics industry has shifted their focus towards growth association specifically by Asia Pacific as moderate level and small scale manufacturers are from this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the key manufacturers are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many operating players are escalating their manufacturing capacity of protective fabrics to meet the growing demand for protective fabrics. Apart from this, many key players has launched a series of product to solidify their position in the market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Aromatic Market - Demand, Growth, Opportunities, Top Key Players and Forecast 2025

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.

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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.

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.

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Segmentation:

Global Aromatics Market 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.

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Detergent Alcohol Market - Analysis, Research, Share, Growth, Sales, Trends, Forecast 2025

Market Overview:

Detergent Alcohol are fatty alcohol whose carbon chain lie in the range of C12-C18. Manufacturing process for Detergent Alcohol are either natural or synthetic. Synthetic detergent alcohol are produced from petrochemical derivatives whereas natural occurred from fats, oils, and waxes of plant and animals. They find extensive application in pharmaceutical, personal care, plasticizer, domestic & industrial cleaning, wastewater treatment chemicals, and others.

Some of the key market factors that positively influence the Detergent Alcohol Market Growth are, rising demand from household cleaning industry, increasing production of detergent alcohol based detergent, and growing urbanization. Rapid industrialization combined with increasing disposable income in developed and developing countries are expected to drive the growth of the market over the assessment period. Furthermore, increasing investment in commercial as well as residential sector is set to propel the growth of Detergent Alcohol Market. Robust investment in the ongoing R&D projects by the key market players operating and strong recognition within the end use industries is predicted to positively influence Detergent Alcohol Demand. However, fluctuation in crude oil prices might hinder the market growth in near future.

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Competitive Analysis:

The Major Players Operating in the Detergent Alcohol Market are SABIC (Saudi Arabia), Kao Corporation (Japan), SASOL (South Africa), Musim Mas Holdings (Singapore), Ecogreen Oleochemicals (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell plc (the Netherlands), BASF SE (Germany), Procter & Gamble (U.S.), Wilmar International Ltd. (Singapore) among others.

Market Segmentation:

Detergent Alcohol is Segmented on the basis of Source, Application, and End Use Industry.

On the basis of Source, the market is bifurcated into natural and synthetic. Synthetic segment captures the major market share due to wide utilization of petroleum derive products.

On the basis of Application, detergent alcohol market is categorized into domestic & industrial cleaning, personal care, pharmaceutical, wastewater treatment chemicals, plasticizer, and others. Other segment includes lube oil additives and oil field chemicals. Among these, domestic & industrial cleaning sector dominated the global market share in 2016 and is expected to retain its dominance in the near future. The drivers for the segment growth is expansion of laundry and hospitality business across the globe. Furthermore, rising concerns for sanitation and hygiene to promote public health and increasing per capita expenditure on domestic cleaning agents is estimated to fuel the demand for Detergent Alcohol in domestic and industrial cleaning segment. Personal segment is estimated to witness highest growth rate on account of wide utilization of personal care products such as shampoos, soaps, and shower gels. Moreover, use of biodegradable and organic content is predicted to be the main driving force for the use of detergent alcohol in personal care products.

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Regional Analysis:

Asia Pacific is expected to be the largest market for detergent alcohol followed by Europe and North America on account of increasing demand from numerous application such as wastewater treatment chemicals and domestic & industrial cleaning among others. Emerging countries such as China, India, Thailand, Vietnam, Bangladesh, and Malaysia are the fastest growing market for Detergent Alcohol and is estimated to grow with the same pace in the near future. In Asia Pacific, some of the driving factors for market growth are rising economic growth rate, competitive manufacturing costs, and inexpensive availability of raw material. Europe detergent alcohol market is expected to witness a tremendous growth due to continuous growth of personal care and pharmaceutical industry. North America is estimated to witness a substantial growth during the assessment period due to rising demand for plasticizer in construction sector. The Middle East & African countries is estimated to witness strong market growth on account of increasing building & construction activities. In Latin America market growth is majorly due to continuous expansion of personal care and lube additives sector.

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Battery Materials Market - Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook 2025

Market Overview:

Battery Materials are essential components used in manufacturing primary and secondary batteries. These batteries, in turn, have major applications in end-use industries such as automobiles, electronics, electrical grids, and power storages. Batteries have much lower specific energy than common fuels such as gasoline.

Some of the prominent factors that positively influence the growth of the Battery Materials Market are increasing demand for batteries from automobile industries, rising demand for electronic gadgets, and increasing urbanization. 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 to 2023. Additionally, high adoption rate along with the increasing number of power plants to meet the energy requirement for the ever-growing population is driving the market. Moreover, continuous expansion of automotive sector as well as shifting the focus of the manufacturers towards gasoline free transport by adopting electric vehicles run by batteries is estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concern regarding the toxic effect of chemicals used in battery materials along with the implementation of strict regulations is predicted to hinder the market growth over the assessment period, 2017 to 2023.

Key Players:

Some of the Prominent Players Operating in the Global Battery Materials Market are 3M Company (U.S.), BASF SE (Germany), ENTEK International LLC (U.K), Ecopro Co., Ltd. (South Korea), Hitachi Chemical Company, Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Celgard, LLC (U.S.), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japanese), Solvay S.A. (Belgium) and Nippon Denko Co., Ltd. (Japan) among others.

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Segmentation:

Global Battery Materials Market is categorized on the basis of Type, Application, End Use Industry, and Region.

On the basis of the Type, the market is bifurcated into cathode, anode, electrolyte, separator, binders, packaging material.

On the basis of the Application, the battery materials market is categorized into primary batteries, secondary batteries, and others.

On the basis of the End Use Industry, the market is segmented into electronics, automobiles, power storages, 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.

Regional Analysis:

Asia Pacific is estimated to be the largest Battery Materials Market followed by North America and Europe due to the strong existence of battery materials manufacturers coupled with the highest number of millennial populations. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for Battery Materials in battery manufacturing for the automobiles. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for Battery Materials and is estimated to grow at the same pace over the forecast period. Improving living standards along with the flourishing growth of electronics industry is predicted to contribute to the regional market growth. In North America, the market is expected to grow to moderate CAGR owing to the presence of high innovation and technology in battery materials manufacturing. In Latin America, Mexico is expected to register strong growth due to the robust presence of automobile manufacturers.

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Tuesday, 9 March 2021

Metal Casting Market - Geographic Segmentation, Statistical Forecast and Competitive Analysis 2024

Market Highlights:

Global Metal Casting Market is projected to be valued at USD 352.65 Billion by the end of 2024 and exhibit a healthy CAGR of 7.55% during the forecast period.

The growth of the Global Metal Casting Market is primarily driven by the high demand for automobile components such as sensor and airbag housings wheels, engine components, heads, blocks, and hoods. The increasing automobile production in the developing economies on account of increased spending coupled with rising per capita disposable income of consumers is driving the growth of the automotive industry, which is likely to fuel the demand for Metal Casting. Additionally, increasing environmental regulations and emission targets set by the regulatory authorities such as the European Union (EU) and US Environmental Protection Agency (EPA) to curb carbon emissions have resulted in increase in the production of lightweight, hybrid, and electric vehicles, which has fueled the demand for aluminum cast components at a significant rate.

The Building & Construction Industry is the other major consumer for metal cast products, wherein steel and aluminum are primarily used in the manufacturing of various building parts. Steel, being a versatile, and durable metal, finds applications in ceilings, roofing, heating & cooling equipment, cladding, stairs for buildings, and rebar, plates, railway tracks, and underground pipelines. With the increase in residential and non-residential construction activities, the demand for metals such as steel and aluminum is likely to increase in the construction industry.

However, growing preference for alternative metal working process, e.g., extrusion process, is expected to be the key factor hampering the growth of the global market during the review period.

Key Players:

MRFR Recognizes the following companies as the Key Players in the Global Metal Casting Market—Georg Fischer Ltd (Switzerland), Endurance Technologies Limited (India), Dynacast (US), Ryobi Limited (Japan), GIBBS (US), Precision Castparts Corp (US), Alcast Technologies (Canada), Ahresty Wilmington Corporation (US), Reliance Foundry Co. Ltd (Canada), and FORCEBEYOND (US), among others.

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Key Findings of the Study:

Global Metal Casting Market is projected to reach over 149,079.0 kilotons by 2024 with a CAGR of over 6.5% during the forecast period of 2019–2024.

Asia-Pacific accounted for the largest market share owing to the increasing demand for sand casting and die-casting in the automotive and building & construction industries.
The cast iron segment dominated the market with a share of 72% of the global market in 2018 and is expected to be valued at over USD 202.7 billion by the end of 2024.

The Sand-Casting Segment held the largest market share of around 54% in 2018 and is estimated to reach approximately USD 352.6 billion by the end of 2024.
The Automotive & Transportation Industry is estimated to be the dominant End-Use Industry Segment in the Global Metal Casting Market during the forecast period.

Segment Analysis:

Global Metal Casting Market has been segmented on the basis of Material Type, Process, End-Use Industry, and Region.

On the basis of Material Type, the cast iron segment dominated the market, accounting for a share of over 60% of the market in 2018 and is projected to register a CAGR of 6.70% during the review period. Cast iron is being used in various applications including engine blocks, gas burners, manifolds, housings, enclosures, railroad brake shoes, automobile door hinges, hydraulic components, sprockets, connecting rods, and farm & construction machinery. The increasing use of cast iron in the major end-use industries owing to its superior properties is likely to favor the growth of the segment.

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By Process, the market has been divided into sand casting, die casting, shell mold casting, gravity casting, vacuum casting, and others. Sand casting is the most widely used metal casting process owing to its low process cost and widespread use in the manufacturing of automobile components such as engine blocks, impellers, manifolds, support beams, cylinder heads, machine tool bases, pump housings, and valves.

Based on End-Use Industry, the global market has been segmented into automotive & transportation, building & construction, mining, equipment & machine, consumer goods, and others. The automotive & transportation industry held the largest share of the market, wherein various complex-shaped and large components are manufactured using metal casting. A wide range of automobile components including structural components (front-end carriers, body & structure, door frame, seat frames, and tank frame), engine parts (cylinder heads, engine brackets, engine blocks), and transmission components (shafts, housings, chassis, and carriers) are manufactured using metal casting. The automotive & transportation segment is further segmented into gearbox, wheels, engine blocks, cylinder head, exhaust manifold, seat frame, and others. Among these, the cylinder head segment held the largest share in 2018.

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Monday, 8 March 2021

Acetone Market - Key Players Profile and Market Analysis 2025

Competitive Analysis:

Some of the key players in the Global Acetone Market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (the U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (the U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt. Ltd. (India) and EMCO Limited (India) among others.

Increasing research and development expenditure by the players in the Global Acetone Market is reinforcing the competition in the global market. The players are planning on strategic mergers and acquisition for business expansion to sustain the highly competitive environment of the Global Acetone Market.

Market Segmentation:

Global Acetone Market has been segmented on the basis of Application and End-Use Industry.

Based on Application, the Acetone Market is segmented into methyl methacrylate, bisphenol A, solvent, and others. Among these segments, bisphenol A accounts for the largest market share in the global acetone market due to its high utilization as a raw material for the production of epoxy and polycarbonate resins. The extensive use of polycarbonate in the automobile industry is anticipated to further the expansion of bisphenol A segment in the global acetone market during the forecast period.

Based on End-Use Industry, the Acetone Market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction, electrical & electronics, and others.

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Market Drivers and Restraints:

The widespread application of Acetone in various industries which include paints and coatings, pharmaceuticals, personal care, plastics and construction among others is acting as one of the major drivers for the expansion of the Global Acetone Market.

Acetone, being miscible with water, is used as a solvent for cleaning purposes in laboratories. The disinfecting property of Acetone makes it an important sterilization solution for disinfecting the surgical tools and other instruments in hospitals and clinics. Acetone is also utilized as an excipient in some pharmaceutical drugs and vital solution for chemical peeling. These applications of acetone in the pharmaceutical industry are significantly fueling the growth of the Global Acetone Market.

The increasing use of Acetone as an active ingredient in nail polish remover and thinning agent in paints is generating high demand for acetone in the global market. The rapid infrastructural development is inducing demand for paints and coatings in the global market, which in turn is impacting positively on the expansion of the Global Acetone Market. However, the high level of safety precautions for the production of Acetone due to its inflammable nature increases the overall production cost of acetone, which is acting as a restraint on the expansion of the Global Acetone Market.

Regional Analysis:

Geographically, the Global Acetone Market has been segmented into five major regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, The Asia Pacific region is anticipated to dominate the Global Acetone Market during the forecast period due to the rapid infrastructural development, significant expansion of construction and paint & coatings industries.

The North America region is projecting noteworthy growth in the Global Acetone Market owing to the increasing production capacities of the Acetone manufacturers and high consumption potential of acetone in the pharmaceutical industry of this region.

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The Acetone Market in the Europe region is anticipated to expand during the forecast period as the investments for research and development is increasing in the healthcare and cosmetics industries in this region. The increasing construction activities in the Middle East region are positively impacting the expansion of the Acetone Market in this region. The increasing demand for acetone due to its wide application range is driving the Acetone Market in the rest of the world.

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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Polyurethane Elastomers Market - Growth, Trends, Competitive Landscape, Overview and Forecast 2025

Global Polyurethane Elastomers Market is expected to exhibit a strong 6% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The Global Polyurethane Elastomers Market is mainly driven by the growing demand for Polyurethane Elastomers in footwear, automotive, construction, and industrial devices and machinery. The growing footwear industry is likely to be a major driver for the Global Polyurethane Elastomers Market over the forecast period. Footwear are not just for foot protection anymore, but also serve an aesthetic purpose in how a person is perceived by his peers. This has driven significant product expansion in the footwear industry, with many leading players joining the bandwagon of creating lightweight, durable footwear that can stand the test of time while providing simplicity and comfort to the user. The use of Polyurethane Elastomers has thus increased in footwear, as polyurethane offers a solid, tear-proof build and long-term durability. This is likely to be a major driver for the Global Polyurethane Elastomers Market over the forecast period.

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The growing use of Polyurethane in automotive interior components is also likely to be a major driver for the Global Polyurethane Elastomers Market. Automotive interiors need substances that can cushion relatively hard blows and present a durable, stain-free front. Polyurethane Elastomers are the perfect material on both counts, as they present a strong, durable exterior as well as a certain sponginess that allows it to absorb minor blows. Polyurethane is also easily cleanable, which also makes it useful for automotive interior applications, where spills and other stains may need to be cleaned up periodically.

For similar reasons, the use of Polyurethane Elastomers in industrial machines and devices is also increasing. As polyurethane presents a strong front and is highly robust and durable, it makes for the perfect material for handles and other components of industrial machinery. This is also likely to remain a key end use for the Polyurethane Elastomers Market over the forecast period.

Competitive Analysis:

Leading Players in the Global Polyurethane Elastomers Market include VCM Polyurethanes Pvt. Ltd., Argonics Inc., Herikon, Trelleborg, The Lubrizol Corporation, LANXESS, Huntsman International LLC, Covestro AG, BASF SE, Dow, and Tosoh Corporation.

In October 2019, Covestro conferred its yearly global science awards in the Covestro Science Celebration at K 2019.The award was given to a researcher looking to develop faster methods of production for custom polymer formulations. Industrial backing to the research sector is likely to remain an important driver for the Polyurethane Elastomers Market, as the market still witnesses a significant degree of innovation and research projects hold an important role in the market.

Browse Key Industry Insights spread across 140 pages with 35 market data tables & 12 figures & charts from the report, “Polyurethane Elastomers Market Information: By Type (Thermoset PU Elastomers and Thermoplastic PU Elastomers), End-Use Industry (Footwear, Automotive, Machinery, Building & Construction and Medical) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/polyurethane-elastomers-market-4487

Segmentation:

Global Polyurethane Elastomers Market has been segmented based on Type, End-Use Industry and Region.

Based on Type, Global Polyurethane Elastomers Market has been classified as thermoset PU elastomers and thermoplastic PU elastomers.

By End-Use Industry, Global Polyurethane Elastomers Market has been divided into footwear, automotive, machinery, building & construction, medical, and others. Footwear is the largest revenue generator in the Global Polyurethane Elastomers Market and is likely to expand at a healthy CAGR over the forecast period to remain the leading end use segment over the forecast period. The footwear segment accounted for a strong 37% share in the Global Polyurethane Elastomers Market in 2018, followed by the automotive and machinery segments. These two segments are also likely to be highly important to the Global Polyurethane Elastomers Market over the forecast period.

Regional Analysis:

Asia Pacific is the leading revenue generator in the Global Polyurethane Elastomers Market and accounted for more than 50% of the global market in 2018. Increasing spending on consumer goods, including footwear, is a major driver for the Polyurethane Elastomers Market in Asia Pacific. The rising demand for high-performance sports footwear is likely to be a major driver for the Polyurethane Elastomers Market in Asia Pacific, as sports footwear uses a high amount of Polyurethane.

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