Silicone Derivative Market 2017 - Wacker Chemie AG (Germany), Triveni chemicals (India), Zhenzhou Yellow River Emery Co., Ltd (China)

Silicone, also known as Polysiloxane, are the polymers made with repetitive units of Siloxane. The chain may contain silicon atoms alternatively bonded with oxygen, carbon, and hydrogen to give arise to various silicone derivatives. They possess characteristics such as resistant to temperature and heat which makes them suitable for numerous applications in end use industries. Silicon accounts for around 28% earth’s crust. Moreover, no harmful effects of Silicone on an organism have been noted yet. They are readily biodegradable and are available in abundance makes them most preferred choice in number of applications. Starting from household to industrial usage Silicone Derivatives are used extensively. Which include construction materials, automobile spares, electronics, energy, industrial usage, and personal care among others. There is growing demand for Silicone Derivative from ever increasing construction activities. Apart from that, silicone derivative are being used in food & beverages due to their colloidal and hydrophilic properties. Some other applications of silicone include as their use as sealants, adhesives, grease, and lubricants.

Silicone is the second most abundant element in the earth’s crust and its uses are tangible in almost all the streams. Rising expenditure towards infrastructural developments in emerging markets of Asia Pacific is expected to play crucial role in demand of Silicone Derivatives. The applications of silicone derivatives are inescapable in automobiles. Greater adaptability, durability and safety is provided by silicone rubber over the conventional rubbers. The immensely spread automotive industry in the world would help to push the demand of Silicone Derivatives. Moreover, Silicone Derivatives are biodegradable and have no harmful effects on humans or any organism in an environment. There are some constraints in the growth of Global Silicone Derivative Market that are need to be considered. It includes the high production cost that is involved in vulcanization and property improvement of silicone derivatives which makes it less competitive against the conventional products such as polyethylene. Additionally, increasing usage of highly engineered polymers namely fluoropolymers, and polyesters are posing a substitution threat for some Silicone Derivatives. Nevertheless, rapidly increasing end use industries in Latin America are presenting new opportunities for Global Silicone Derivative Market.

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Regional Analysis:
Asia Pacific is the largest as well as fastest growing market for Silicone Derivatives. This region accounts for 40% share of Global Silicone Derivative Market as of 2016. A continuous upward trend in building and construction is anticipated to drive the demand of Silicone Derivative in this region.  China and India are holding the major market share of Silicon Derivatives in this region. The growth of market in Asia Pacific is primarily driven by demand from construction and automobile segment. Europe is closely following Asia Pacific in terms global market size of silicone derivatives. Europe and Asia Pacific together hold more than 65% shares of Global Silicone Derivative Market. Huge development and expanding automotive sector in counties namely Germany, Italy, U.K., and France is expected to reach new heights with rise of electronic and light weight vehicles. This trend would continue over the forecast period to boost the demand of silicone derivative. North America is a substantial region in global silicone derivative market. Growing usage of Silicone Derivatives for making machine parts in automobile is driving the growth of Silicone Derivative Market in this region. Other important regions in the Global Silicone Derivative Market are Latin America and Middle East & Africa. Among them Latin America is growing at higher CAGR. The demand of silicone derivatives in the countries namely Brazil and Argentina is fueling the growth in this region. Middle East & Africa is projected to join the hands with leading regions in Global Silicone Derivative Market owing to increasing end use industries of Silicone Derivative in this region.

Segmentation:
The Global Silicone Derivative Market has been segmented on the basis of type, end use industries, and region. On the basis of type the market is divided into silicon dioxide (silica), silicon carbide, silicate, silicon nitride, and others. Among them demand of silica is estimated to boost the growth of the Global Silicone Derivative Market.  Based on end use industries the Global Silicone Derivative Market is segmented into building & construction, automobile, electronics, energy, chemicals, and personal care among others. Building & Construction industry, is the major shareholder of the total demand in global silicone derivative market. Geographically, the market is segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. During the forecast period Asia Pacific is anticipated to hold a major share in Global Silicone Derivative Market.

Key Players:
Key players in Global Silicone Derivative Market are Dow Corning Corporation (U.S.), Shin-Etsu Chemical Co., Ltd. (China), Wacker Chemie AG (Germany), Triveni chemicals (India), Zhenzhou Yellow River Emery Co., Ltd (China), Saint-Gobain Silicon Carbide (France), Xuancheng Crystal Clear New Materials Co., Ltd (China), aromachimie Company Ltd. (U.K.), Multimin-Egypt for Mining S.A.E (Egypt), Hisilco (China).

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Butyl Adhesive Market 2017 - ADCO Global, Bostik SA, Royal Adhesives & Sealants, General Sealants

Butyl Adhesives are produced from butyl rubber which is a copolymer of Isobutylene Isoprene Rubber. Butyl Rubber is a synthetic rubber and manufactured by polymerization of about 2% of isoprene with 98% of isobutylene. It can be produced from the monomer isobutylene by cationic addition polymerization. Butyl Adhesives possess superior properties such as excellent resistance to sunlight and weather, high durability, resistance to heat and aging which makes it suitable for numerous end use industries such as paper & packaging, building & construction, woodworking, automotive, and others.

Increasing demand from paper & packaging industry that include cartons, paper bags, tapes, and boxes are predicted to drive the Butyl Adhesive Market growth. In addition, demand for butyl adhesive is benefitting from social and regulatory intervention promoting the usage of eco-friendly adhesives. Escalating investments in the mining and construction industry along with expansion of industrial sector in developing as well as developed region is expected to bolster demand for Butyl Adhesive Market. Growing use of Butyl Adhesive tape in automotive sector is predicted to positively influence demand patterns. Additionally, expansion of woodworking sector in emerging economies is expected to fuel market growth over the forecast period. However, the industry is dependent upon the crude oil, hence raw material price fluctuation is the main concern governing revenues for Butyl Adhesive Market players.

Key Players:
The prominent players operating in the Butyl Adhesive Market include Vinati Organics Ltd., ADCO Global, Bostik SA, Royal Adhesives & Sealants, General Sealants, Anabond and others.

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Regional Analysis:
The Global Butyl Adhesive Market is divided into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow at the highest CAGR over the forecast years due to increasing demand from end use industries such as building & construction, woodworking and automotive. The demand for Butyl Adhesive is predicted to surge in developing countries such as India, China, Vietnam, Bangladesh and Japan due to rising construction activities and expansion of woodworking industry. China is predicted to be the largest market in terms of consumption. Additionally, cheap labor cost, ease of availability of raw material, and increasing development strategies to fulfil the demand for Butyl Adhesives in the growing applications are the important factors for the regional market growth.

The Middle East & Africa is predicted to witness substantial growth in the upcoming years. This factor is attributed to the growing development activities in commercial as well as residential sector coupled with the increasing demand for VOC free adhesives, specifically in United Arab Emirates (UAE) and Saudi Arabia.

North America is predicted to witness steady growth in the use of butyl adhesive over the forecast period. The U.S. is expected to be the largest Butyl Adhesive Market in the region followed by Canada and Mexico. Latin American countries, specifically Argentina and Brazil, are also anticipated to witness steady growth due to moderate demand from woodworking and packaging industries. Europe is expected to be the second largest market after Asia Pacific in the consumption of Butyl Adhesive. European countries such as Germany, UK, France, and Italy are contributing in the regional market growth due to the presence of large number of manufacturing companies in the region.  Furthermore, strict regulation imposed by European Environment Agency (EEA) and European Chemicals Agency (ECHA) on the emission rate of volatile organic compound (VOCs) have compelled regional manufacturers to shift their focus towards production of environment friendly adhesives.

Segmentation:
The Global Butyl Adhesive Market is fragmented on the basis of end use industry and region. On the basis of end use industry, the market has been segmented into paper & packaging, building & construction, woodworking, automotive, and others. Butyl Adhesives are impermeable to air and water and highly resistance to alkali and UV rays, thus widely used in the aforementioned end use industries. On the basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

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Naphthalene Sulfonate Market is predicted to grow at a moderate CAGR over the forecast period

Market Synopsis:
Naphthalene Sulfonate are a class of derivatives of sulfonic acid which contain a naphthalene functional unit. They are used to increase the viscosity or plasticity of a material and are widely used as plasticizer and dispersants. It improves concrete mixture by dispersing cement particles and enables the rapid mixing of concrete and finds extensive application scope in building & construction sector. Additionally, it is used as a plasticizer, surfactant and wetting agent in end use industries such as agriculture, building & construction, household cleaning, textile among others. Furthermore in the textile sector, Naphthalene Sulfonate plays significant role in the process of dyeing.

The Global Naphthalene Sulfonate Market is predicted to grow at a moderate CAGR over the forecast period. Rising demand from the growing construction industry is expected to drive market growth over the forecast period. Moreover, increasing investment in the building & construction industry as well as expansion of household cleaning sector in developing regions is predicted to fuel market growth. Growing use of Naphthalene Sulfonate as a dispersing agent in agriculture sector is anticipated to positively influence demand patterns. However, this industry is dependent upon the crude oil, hence raw material price fluctuation is the main concern governing revenues for Naphthalene Sulfonate Market players. Furthermore, slight toxic nature may act as a minor restraint to the Global Naphthalene Sulfonate Market.

Naphthalene Sulfonate are the subsidiary of sulfonic acid that contain a Naphthalene functional unit. These are available in liquid as well as powder form. It enhances flow properties and permits the fast mixing of the concrete. It also offers high resistance to concrete by improving various rheological properties such as compressive, modulus elasticity, and flexural strength. It is used as a surfactant, dispersant & wetting agent, and plasticizer in numerous end use industries such as agriculture, textile, household cleaning, building & construction among others.

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Speedy growth of construction sector is predicted to drive the market for Naphthalene Sulfonate during the forecast period. Rising disposable income, constant urbanization, and improving living standards are expected to remain key driving factors Naphthalene Sulfonate demand over the next few years. Robust investment in the ongoing R&D projects by the manufacturers and strong acceptance within the end use industries is set to positively influence Naphthalene Sulfonate demand. However, level of toxicity associated with the use of Naphthalene Sulfonate and fluctuations in oil prices might prove to be the restraints for the market growth in the near future.

Market Segmentation:
Naphthalene Sulfonate Market is segmented on the basis of form, application, and end use industry. On the basis of form, the market is bifurcated into liquid and powder. The powdered form of Naphthalene Sulfonate holds the dominant position over the liquid form owing to its ease of packaging and transportation in comparison to the liquid form. On the basis of application, Naphthalene Sulfonate Market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. Based on end use industries, the market is segmented into agriculture, building & construction, household cleaning, textile and others. Building & Construction emerged as the largest end use industry for Naphthalene Sulfonate among others as it is used as a plasticizer for concrete admixture, fluidizer for ready mixed concrete, super-plasticizer for cement mortar, water reducing agent for gypsum board, under water concrete. These are used in the manufacturing of pigment and dyes and are prominently used in textile industry. They are furthers utilized as an anti-caking agent for fertilizer and wetting agent in the formulation of agrochemicals. Apart from this, gradually rising demand from the household cleaning industry, is also helping driving revenues in the Global Naphthalene Sulfonate Market.

Regional Analysis:
Asia Pacific is projected to be the largest market for Naphthalene Sulfonate followed by North America and Europe on account of increasing demand from building & construction, agriculture, and household cleaning among others. Emerging countries such as China, India, and Malaysia are the fastest growing market for naphthalene sulfonate, and is predicted to grow with the same pace in the near future. Ease in the availability of raw material, increasing economic growth rate, and competitive production costs are also the important factors further improving the growth of Naphthalene Sulfonate Market in the Asia Pacific region. North America Naphthalene Sulfonate Market is expected to witness a steady growth with U.S. and Canada being major contributor due to textile and household cleaning industry expansion. Europe is anticipated to witness a substantial growth over the forecast period due to growing demand for plasticizer in construction sector.

Segmentation:
The Global Naphthalene Sulfonate Market is segmented on the basis of form, application, end use industries, and regions. Based on the form, the market is segmented into liquid and powder. On the basis of application, the market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. On the basis of end use industries, the market is categorized into agriculture, building & construction, household cleaning, textile and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players:
Some of the prominent players operating in the Naphthalene Sulfonate Market are BASF SE (Germany), GCP Applied Technologies Inc. (U.S), Huntsman International LLC (U.S), Himadri Speciality Chemical Ltd (India), AkzoNobel NV (Netherlands), Giovanni Bozzetto S.p.A (Italy), Koppers Inc. (U.S.) and others.        

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Polyurethane Market is expected to rise to USD 81,700.6 million in 2022 with CAGR of 6.51%

Synopsis of Polyurethane Market:
The global demand of Polyurethane Market is expected to rise to USD 81,700.6 million in 2022 with CAGR of 6.51% during 2016-2022. Polyurethane is versatile plastic polymer available in various forms right from rigid foam, flexible foam to strong and hard elastomers. Thus, this leads to usage of Polyurethane in variety of consumer and industry applications such as thermal insulation in building, refrigerators, household furniture, shoes, packaging plastics etc. Owing to its properties Polyurethane can be molded to any shape to enhance its industrial applications by providing comfort, style and convenience to one’s life. Polyurethane are widely used in construction and infrastructure activity. Thus, growing demand of polyurethane owing to durability with low thermal conductivity and ability to withstand external impacts is augmented to drive the overall market. Further, increasing demand of high performance and lightweight interior components, cushion foams in automotive parts to foster energy saving will fuel the demand for Polyurethane Market growth.

Product Segment Analysis:
On basis of product, Polyurethanes are segmented into rigid foam, flexible foam, coatings, adhesives & sealants, elastomers, others. Rigid foam is widely used in insulations to increase building energy efficiency. These key properties helping the rigid foam market to grow in coming years. Flexible foams are expected to dominate the product demand owing to easy insulation in electronic appliances and construction industry. Elastomers possess high flexibility and strong impact & shock resistance which widely used in high performance materials. Thus, it is being emerging as faster growing segment in end user industries. Innovation in coatings and development of bio based Polyurethane is anticipated to drive the demand in developed regions.

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End User Industry Analysis:
Construction market is dominating market owing to growing infrastructure activities, rapid industrialization and increase in government spending in emerging economies such as China and India. Moreover, increasing government spending to improve public infrastructure in order to increase tourism and trading is propelling the demand of Polyurethane across the end user industry. Further, increase in consumer spending in interiors and furniture which is also consuming product in upholstery and other applications drives the Polyurethane Market growth.  Rise in population has led to increase in usage of vehicles. Thus, automotive market witnessed a significant growth owing to increase in artistic appeal automobile body parts in vehicles. Metals used in vehicles to provide structural strength along increase the energy saving with fuel efficiency has driven the Polyurethane Market in this segment.

Market Highlights:
Polyurethane consist of organic units including di-isocyanates, tri- isocyanates and polyols. The foam and non-foam polyurethane further modified by using surfactants. They are also known as thermosetting polymers which do not melts on heating. Growing importance of energy conservation due to volatile in prices of crude oil is anticipated to drive the polyurethane market growth. Increasing demand of high performance and lightweight interior components, cushion foams in automotive parts to foster energy saving will fuel the demand for polyurethane market growth.
Based on types, Polyurethane is segmented into rigid foam, flexible foam, coatings, adhesives & sealants, elastomers, others. Growing importance of energy conservation along with reduction of carbon emission is expected to propel the product demand. Rigid foam is widely used in insulations in construction industry. The need to increase building energy efficiency are the key properties helping the rigid foam market to grow in coming years. Flexible foam is leading product segment owing to structural stability in construction and electronic appliances. Elastomers polymers not only offer benefits of plastics & rubber but also provide self-healing properties which also expected to contributed the market growth. The material possesses following properties such as high flexibility and strong impact & shock resistance for high performance applications in automotive industry. Development of eco-friendly coatings and bio-based polyurethane for green buildings is anticipated to drive the polyurethane market in developed regions.
      
Based on end user industry, Polyurethane is segmented into construction, furniture, automotive, electronics appliances, footwear, packaging, others. Construction industry is leading industry in polyurethane market. Increase in government spending in infrastructure has led overall development of construction industry in emerging economies. Thus, this remains key factors for driving the product consumption in insulations and sealants applications. Further, increase in consumer spending in interiors and furniture which is also consuming product in upholstery and other applications drives the polyurethane market growth.

Regional Analysis:
Geographically, Asia-Pacific region represents highest market share in the Global Polyurethane followed by Europe and North America. China is largest producer and consumer of Polyurethane owing to skilled labor, easy availability of raw materials and lenient government regulations. Countries like India are the growing market for polyurethane due to favorable government regulations along with Make in India campaign started recently to foster the manufacturing activities in country.

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Magnesium Sulphate Market has very wide market and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%

Synopsis of Magnesium Sulphate Market:
Magnesium Sulphate is a chemical compound which is a mixture of magnesium, oxygen,and sulphur. Magnesium sulphate often faced as sulphate mineral & epsomite which are commonly known as Epsom Salt. Applications of magnesium sulpjhate have spreaded across many industries such as healthcare, agriculture, pharmaceuticals, food additives and other industries as well. In medical, it is used both i.e. internally as well as externally. Global Magnesium Sulphate Market has very wide market in 21st century and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%.
MRFR analyst has projected that healthcare sector in India is expected to grow around $285 billion by the year 2020 which implies more demand for medicine. Another driver for Magnesium Sulphate Market is revolution in agriculture. As new technologies are coming in field of farming, demand for magnesium sulphate is increasing. As new processes are coming out from R&D department of companies about the use of magnesium sulphate demand for Magnesium Sulphate Market is increasing and will keep increasing. On the contrary, allergic reactions such as skin infection, diarrhoea or upset stomach could hamper the growth of the market.

Global Magnesium Sulphate Market Key Players:
The major key players of this market are: COMPO GmbH & Co. KG, U.S. Chemicals LLC, Baymag, QingHai Salt Lake Industry, SDIC Xinjiang Luobupo Potash, Geermuzige Potash,Qinghai Hanhai Group, Rech Chemical, Yash Chemicals, Hengyang Jumbo Feed Additives, Jinxing Chemical, K+S Group, KOLOD, Mani Agro Chem, HebeiRongkemeiye and others.

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Market Highlights:
The need for Magnesium Sulphate is gradually rising due to constraining factors such as rising global population, increasing food demand and decreasing arable land, among others. Magnesium Sulphate is a chemical compound which is a mix of magnesium, sulphur & oxygen. Its formula is MgSO4. Magnesium Sulphate frequently faced as sulphate mineral & epsomite are also knows as Epsom Salt. It is a key raw material used in many sectors such as Food industries, Chemical industries, Research and Development, Healthcare & Agriculture, among others. In medical, it is used both i.e. internally & externally. It is also used in main preparation of intravenous magnesium. Use of internal includes- replacements therapy – hypomagnesaemia, exacerbations of asthma, eclampsia & cerebral palsy. External use include in pregnancy. In the agricultural and farming sector, (Magnesium Sulphate helps to correct magnesium deficiency) Magnesium Sulphate is kind of fertilizer used in especially promoting healthier growth of plants such as tomatoes among others. However, allergic reactions such as skin infection, diarrhoea or upset stomach could hamper the growth of the market.
Following are the key drivers which largely helped in boosting the worldwide growth of Global Magnesium Sulphate Market are as: increased pressure on farmers to enhance the food quality , whether a farmer performs an operation in an extensive scale or little scale, they require credit facilities for the buy of costly equipments, ferilizers among others through a well-developed financial market. To obtain maximum profits from their products, it is important for farmers to maintain quality of the products offered which will further create demand for Magnesium Sulphate in the global marke. In-addition, to increase the supply of the food and speed of the agricultural productivity, the demand for magnesium sulphate is increasing so as to get maximum output. Additionally, the population in a number of countries is growing with time which has led to the increase in the overall demand of food and has created demand for magnesium sulphate in the global market.

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Polymeric Adsorbents Market is growing at CAGR of ~6.5% to reach a billion dollar figure in coming years

Market Segmentation:
The Global Polymeric Adsorbent Market is segmented on the basis of type, end use industry, and region. On the basis of type, the market is divided modified Aromatic (brominated aromatic matrix), aromatic (cross-linked polystyrenic matrix), and methacrylic (methacrylic ester copolymer), and others. Among these types, the modified aromatic adsorbent is holding major share of the overall demand of polymeric adsorbents. During the forecast period, this segment is expected to grow at highest CAGR. This is attributed to it low cost and major usage in end use industry in such as pharmaceutical. Its exhibits greater hydrophobicity and suitable for adsorption of organic substances of very low concentration. Aromatic adsorbent is another significant type polymeric adsorbent. It is based on cross-linked polystyrenic matrix. They are widely used in different industrial applications including extraction of antibiotic intermediates from fermentation broth, separation of peptides, and reduce bittering of citrus juice. Growing food & beverages industry is growing at significantly higher rate, which may fuel the demand of aromatic polymer adsorbents.

Based on end use industry, the Global Polymeric Adsorbent Market is segmented into pharmaceuticals, food & beverages, textile, and chemicals, among the others. Among these end use industries, pharmaceutical industry is growing at highest CAGR. This attributed to a growing use of polymeric adsorbent in separation and purification processes to recover more essential material and discharge less harmful effluent. Global pharmaceutical market is estimated to reach ~USD 1.2 trillion by the end of 2023. This is expected to boost the demand of polymeric adsorbents. Food & beverages industry is one of the major consumer of Polymeric Adsorbents. Polymeric adsorbents are mainly used to extract an essential bacteria and enzymes to use them in fermentation process. Global food and beverage waste management market is estimated to grow at ~6% CAGR during the forecast period, which may drive the demand of Polymeric Adsorbents. The government regulations compelling treatment of an effluent from textile and dye industry is anticipated to propel growth in demand of Polymeric Adsorbent in its global market.

Geographically, the Global Polymeric Adsorbent Market is segmented into five major regions including, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest and fastest growing region in the Global Polymeric Adsorbent Market. India and China are the leading markets in this region on account of the presence of major end use industries such as pharmaceutical and chemicals. Asian pharmaceutical market is poised to become the biggest pharmaceutical market in the world. This is attributed to an increasing amount of R&D and manufacturing that are migrating to Asia are fueling the region’s dynamic growth. World Health Organization (WHO) recently has appreciated the efforts of South East Asian countries for their pharmaceutical waste management. This is expected to further push the growth of the regional market. In addition to pharmaceutical, food and beverages industry is growing at considerable rate in the region. The growing concern of waste discharged and generated from textile and other chemicals industry has driven the authorities to put some regulatory measures in place, which is expected to fuel the demand of Polymeric Adsorbents in these industries.

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North America is closely following Asia Pacific in terms of market size in the Global Polymeric Adsorbents Market. U.S. is the largest market in this region, which is attributed to the growing food & beverage industry along with the chemicals industry. The trend of packaged and processed food in this region is a major factor driving demand of Polymeric Adsorbents. Food packing also involves major use of polymeric adsorbents due to its hydrophobicity. Apart from food and beverage industry, chemical industry is also growing at sufficiently higher CAGR. The U.S chemical exports stands nearly 15% of the global chemical shipment. In coming years with the stringent measures already in place to treat waste from pharmaceutical, food & beverages and other chemical industries. Europe is holding comparatively smaller share in the Global Polymeric Adsorbent Market, on account sluggish economic growth in major end use industries in recent times. Yet, countries namely U.K., Germany, and Belgium are major markets in this region owing to the growing demand of Polymeric Adsorbents by end use industries such as food & beverages and textile industry. Apart from this, there is a significant presence of key players which may help push growth of the regional market. Latin America is anticipated to grow at significant CAGR in coming years on account of growing end use industries such as chemicals and pharmaceutical in this region. The Middle East and Africa would join hand with the leading regions in the global polymeric adsorbents market owing to the vast investment potential and growth opportunities in end use industries such as chemicals and textile.

Isononanol Market is set to grow at higher CAGR on account of an increasing demand for manufacturing plasticizers

Market Segmentation:
The Global Isononanol Market is segmented on the basis of application, end use industry, and region. On the basis of application, the market is divided into plasticizer, catalyst, solvent, mining additive, and others. Among these applications, Isononaol is majorly used for manufacturing plasticizers. The Isononanol Market is witnessing significant growth owing to its demand from chemicals industry for manufacturing Isononanol. Plasticizers are anticipated to remain the foremost application of Isononanol in coming years due to increasing adoption of non-phthalate and high molecular weight plasticizers in various applications such as packaging, coatings and plastics industry. Isononanol is also used as catalysts and intermediates in vast number of commercial chemical reactions to hasten the product formation. Growing chemical industry, which is attributed to an increasing demand of high end products around the world, may boost the demand of Isononanol. One of the important applications of Isononanol is as a solvent in number of extraction processes due to its miscibility with almost all the organic solvents and insolubility in water. Apart from these uses, Isononanol has successfully penetrated into mining & excavation industry as a mining additive for the extraction of a number of minerals including, uranium, nickel and cobalt, among others.

Based on end use industry, the Global Isononanol Market is segmented into Chemicals, plastics, agrochemicals, household & personal care, apparel & footwear, building & construction, paints & coatings, and others. Among these end use industries, chemical industry is growing at highest CAGR. This attributed to a growing use of Isononanol in the synthesis of high end commercial products such as diisononyl phthalate (DINP), diethylhexyl phthalate (DEHP), and TINTM, which are majorly used as a plasticizers. Global plastic industry is growing at higher CAGR of ~8% owing to the surge in demand of Polyvinylchloride (PVC) and other plastic materials in vast number applications such as construction, automotive, and packaging. This is expected to propel growth of demand of Isononanol during the forecast period. Increasing standard of living of people is incentivizing them to spend their disposable income on personal care, revamping house interior, and painting, which is anticipated to help boost the growth of the Global Isononanol Market in coming years.

There are five key regions in which the Global Isononanol Market is spanned across, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific, Europe, and North America are major regions among these five regions. Asia Pacific is the largest and fastest growing region in the Global Isononanol Market. The region accounts for nearly 43% share of the Global Isononanol Market.  India and China are the major contributors to regional market on Account of the presence of major end use industries such as chemicals, paints & coatings, and agrochemicals. Asian chemical market is poised to lead the global chemical market owing to the huge production capacity in countries like India, China, Taiwan and Japan. This is attributed to an increasing R&D and manufacturing firms that are migrating to Asia. This is anticipated to fuel the region’s dynamic growth in the Isononanol Market. In its recent annual economic survey, Indian government has emphasized on revival of its apparel and footwear industry. This industry is being focused on, owing to its labor intensive nature, which is one of the major concerns in Asia Pacific region. With an increasing focus on this end use industry in Asia Pacific is projected to boost the demand of Isononanol in the region.

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Europe is a substantial region, in terms of market size in the Global Isononanols Market. Europe is holding significant number share in the Global Isononanol Market. Countries namely, Germany, U.K., the Netherlands, and Belgium are the major markets in the regional market due to the growing demand of Isononanol by end use industries such as chemicals, agrochemicals and plastic industry. North America is following Europe in terms of market size in the Global Isononanol Market. U.S. is the largest market in this region, which is attributed to the growing agrochemical and household & personal care industry along with the chemicals industry. U.S chemical exports stands nearly 15% of the global chemical shipment, which is anticipated to propel growth of the regional Isononanol Market. Latin America is holding relatively lesser shares in the Global Isononanol Market. In coming years, Latin America is anticipated to grow at considerable CAGR on account of growing end use industries such as chemicals and plastics in this region. The Middle East and Africa would join hand with the leading regions in the Global Isononanol Market. This can be attributed to the vast investment potential and growth opportunities in end use industries such as chemicals and construction.

Automotive Wheel Coating Market is projected to grow at a CAGR of 2.9%

Market Synopsis of Automotive Wheel coating Market:
Market Scenario:
Automotive Wheel Coating is a type of specialty coating manufactured by a composition of pigments, resins and chemicals. Coating helps restore original wheel appearance and also protects against brake dust, chemicals, cleaning solvents, heat, and chipping. Moreover, it plays an important role in improving exterior look as well as fuel efficiency of the car. Increasing applications of automotive wheel coating in various wheel rims and increasing demand for the new type of coating are the main drivers of the market growth. The demand for coatings, such as coating product type and coating form type, which offer better protection of different wheel substrates is increasing significantly.

However, Volatility in raw material prices acts as a major restraint of the growth of the market. Global Automotive Wheel Coating Market is projected to grow at a CAGR of 2.9% during the forecast period.

Market Highlights:
The Automotive Wheel Coating Market is projected to witness the growth due to shift in preference towards improved exterior look and for protection against brake dust, chemicals. New trends shows that demand for all weather coating is found in industries as diverse as construction and the automotive industry in different countries. Hybrid tyres, also known as tweeners are one of the most prominent trends that can impact the automotive wheel coating market. Designing is more focused on detail and wheel companies are striving to create some of the most innovative products. Automotive wheel coating market is growing in Asia-Pacific region while China and India are expected to be the most promising markets. However, the high cost of components is a major challenge for the market.

Key Players:
Key players of the Global Automotive Wheel Coating Market are Eastman Chemical Company (US), Process Oil Inc.(US), Renkert Oil, LLC (US), LUKOIL Lubricants Company (Russia), Panama Petrochem Ltd. (India), Eastern Petroleum Private Limited (India), HollyFrontier Refining & Marketing LLC (US), Nynas AB (Europe), Taurus Petroleums Pvt. Ltd. (India), Pentagon Lubricants (India), Private Limited. (India), and others.

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Market Research Future Analysis:
Market Research Future analysis shows that the global market of automotive wheel coating market is estimated to grow at USD 682 Million by the end of year 2023.
Currently, Asia-Pacific is dominating the market with focus on increasing the vehicle production capacity in countries such as India and China is driving the market for automotive wheel coating. The market in the developing countries is largely driven by economic growth and the ongoing industrialization that are likely to lead to considerable production of motor vehicles and other manufacturing output. There are a number of wheel coating sprays available in the automotive wheel coating market that can be used without any kind of prior guidance. Sales of alloy wheels and rims have been rising exponentially in nations such as India, Brazil, the U.S. and Japan.

Key Points from Table of Contents:

7. Competitive Analysis

7.1      Introduction

7.2      Competitive Scenario
7.2.1    Market Share Analysis
7.2.2    Market Development Analysis
7.2.3    Product/Service Benchmarking

7.3      PPG Industrial Coatings
7.3.1    Overview
7.3.2    Product/Service Offering
7.3.3    Strategy

7.4      Akzo Nobel N.V.
7.4.1    Overview
7.4.2    Product/Service Offering
7.4.3    Strategy

7.5      BASF SE
7.5.1    Overview
7.5.2    Product/Service Offering
7.5.3    Strategy

7.6      DuPont
7.6.1    Overview
7.6.2    Product/Service Offering
7.6.3    Strategy

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Process Fluid Market is projected to grow, due to extensive use in Oil & Gas Industry

Process Fluid is an important element in various industries such as oil & gas, paint & coatings, plastics, electronics, fragrance, and others. The growing industrialization of industries has surged the demand for process fluid. Process Fluid have features such as high boiling points, low vapor pressures, excellent thermal stability,  and low emissions that offer the potential for use in a number of specialized applications such as reaction mediums, extracting agents, softening agents, polymerization mediums, and others.

Process Fluid has found its applications in numerous industries such as plastic, paint & coatings, and others. Increasing in demand of oil & gas industry is likely to drive the Process Fluid Market growth. The growing paint & coating industry on account of developing domestic as well as commercial market particularly in Asia Pacific and North America has boosted the Global Process Fluid Market over the forecasted period.

Market Overview:
Process Fluid is used in various application such as polymerization, catalyst, solvents, cleaners and other. Furthermore, it is highly used in various industries such as oil & gas, paint & coatings, plastics, electronics, fragrance, and others. The motorization of the population in the developing countries such as China, US, and others, is one of the key factors of the future growth in demand for process fluid.  Additionally, the growing paint & coating industry is driving the Process Fluid Market. On the basis of region, market share of process fluid is high in Asia Pacific and is also expected to increase at a higher growth rate as compared to other regions such as North America, Europe, Latin America and Middle East.

Key Players:
Key players of the Global Process Fluid Market are Eastman Chemical Company (US), Process Oil Inc.(US), Renkert Oil, LLC (US), LUKOIL Lubricants Company (Russia), Panama Petrochem Ltd. (India), Eastern Petroleum Private Limited (India), HollyFrontier Refining & Marketing LLC (US), Nynas AB (Europe), Taurus Petroleums Pvt. Ltd. (India), Pentagon Lubricants (India), Private Limited. (India), and others.

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Market Segmentation:
Global Process Fluids Market is divided by types, applications, end user industry, and region. On the basis of types, process fluid the market is segmented into paraffinic oils, naphthenic oils, aromatic oils, veg & bio oils, and others. On the basis of application, the Process Fluids Market is segmented into polymerization, catalyst, solvents, cleaners, and other. Process Fluid have various features such as thermal stability and resistance to oxidation, high purity, low polarity, high solvency, high boiling point, and low reactivity. The high purity features makes process oil suitable for electronic applications, such as wax removal and circuit board cleaning. The high solvency enables dissolution of many solids, greases, oils, resins, etc. Furthermore, Process Fluids have numerous potential use such as reaction medium, extracting agent, catalyst carrier, slow release agent, dispersant, softening agent, industrial solvent, industrial cleaner, and others. The use of Process Fluid as solvent for natural products is the oldest and the most developed process on an industrial scale such as the purification of polymers from residual solvents or monomers. Process Fluids have unique properties which improves many types of chemical process operations. It represent an attractive substitute to organic solvents for use as additives in polymer processing.

On the basis of end user industry, the Process Fluids Market is segmented into oil & gas, paint & coatings, plastics, electronics, fragrance, and others. Among all industry oil & gas industry occupied the highest market share. Along with population growth, developing countries will experience the movement of rural population to the cities, known as urbanization. Urbanization in developing countries is estimated to propel growth in demand for construction, vehicles, energy resources, and likewise process fluids.

According to the estimates of developing countries will contribute up to half of the Global Process Fluids Market growth. The increasing consumption of process fluids in various industry such oil & gas, paint & coatings, plastics, electronics, fragrance, and other will drive the Global Process Fluids Market in the forecasted period.

Regional Analysis:
Asia Pacific is the biggest market of Process Fluid due to huge utilization in oil & gas industry, especially in China followed by Japan and India. Growing demand for plastic, paint & coatings, and other industries in China, India, Japan, Taiwan, and South Korea has made Asia Pacific the largest competitor in the global process fluid market followed by North America owing to increasing population growth, urbanization in this region. In North America, Process Fluid Market is driven by chemical industries. Additionally, the third largest market of process fluid is Europe due to large utilization polymerization, catalyst, solvents, cleaners and others applications. Moreover, Latin America and Middle East are also observing the growth of process fluid market due to various industry such as plastic, paint & coatings, oil & gas, and others.

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Organic Rheological Modifiers Market is expected to witness a significant growth with CAGR of ~3.9%

Market Synopsis:
Organic Rheology Modifiers are chemicals used to regulate the flow activities of paints. They are based on organic compounds such as polyacrylates, polyurethanes, cellulosic, and others. Organic rheology modifiers are useful in various applications such as adhesives, sealants, binders, and others, which in turn are used in paints & coatings, personal care, pharmaceuticals, oil & gas, construction, and others. These modifiers are added to paints, to enhance their various properties such as emulsion stability, anti-sagging, and leveling. Also, these modifiers are primarily used to maintain consistency, and to increase the durability of paint, particularly water-based paints. Rheology modifiers, commonly referred to as thickeners or viscosities, are present in most products. The Global Organic Rheology Modifiers Market is expected to witness a significant growth with CAGR of ~3.9% between 2016 and 2023.

The shifting preference for organic personal care products is likely to boost the demand of organic rheology modifiers in the forecast period. On the basis of region, organic rheological modifiers market segmentation includes the current and estimated demand for Europe, Latin America, North America, Asia Pacific, and Middle East & Africa. This segmentation includes demand for separate industries in all the regions, for instance, Asia Pacific has the biggest market for organic rheological modifiers due to high utilization in paint & coatings and oil & gas industry, especially in China, India, and Japan.

Market Overview:
Organic rheology modifier is used in various industries such as paints & coatings, personal care, pharmaceuticals, oil & gas, construction, and others. Additionally, the growing demand in the paint & coatings industry is a key factor to drive the organic rheology modifiers market. The shifting preference for organic products among consumers due healthier, safe and eco-friendly properties and easy availability is likely to boost the demand at the rapid pace within the forecast period. On the basis of region, the market share of organic rheology modifiers is high in Asia Pacific due to huge utilization in growing industry such as paints & coatings, personal care, oil & gas, construction, and others. It is also expected to increase at a higher growth rate as compared to other regions such as North America, Europe, Latin America and the Middle East & Africa.

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Market Segmentation:
Global Organic Rheology Modifiers Market is divided into type, application, end user industry, and region. On the basis of type, the organic rheology modifiers market is bifurcated into cellulosic, and synthetic. Cellulosic organic rheology modifier is communally used with waterborne paints. The combinations of cellulose organic rheology modifiers with polyurethane thickeners are usually applicable in architectural coatings. Synthetic organic rheology modifiers, also known as hydrophobically modified, alkali swellable emulsion (HASE). These rheology modifiers further can be divided into three type i.e. associate type, non-associate type, and other solvent based. In contrast to non-associative types, associative thickeners interact with the polymer dispersions and are used as the binder. On the basis of application, the organic rheology modifiers market is segmented into adhesives, sealants, binders, and others. They are highly applicable as adhesives such as pressure sensitive adhesives, and laminating adhesives. Rheology modifier is used in both waterborne and solvent borne adhesives and sealants of all type. Rheological properties impact at all stages of material use across multiple industries, from formulation development and stability to processing and product performance. Rheology modifiers are widely used in waterborne coatings for their desirable rheological and application properties.

On the basis of end use industry, the organic rheology modifiers market is segmented into paints & coatings, personal care, pharmaceuticals, oil & gas, construction, and others. Among all industries, paint & coating has occupied the highest market share, especially in Asia Pacific region. The increasing demand of organic rheology modifiers in various industries such as paints & coatings, personal care, pharmaceuticals, oil & gas, construction will drive the global organic rheology modifiers market in the forecasted period.

Regional Analysis:
Geographically, Asia Pacific accounts for the largest share in organic rheological modifiers market. The growing end user industries such as oil & gas as well as paint & coating, is anticipated to drive the rheological modifiers market in this region. Following APAC, Europe is the second largest market for organic rheological modifiers and is one of the profitable markets in terms of value and volume. UK drove the European rheological modifiers market, recording the highest demand for rheological modifiers in 2016. North America accounted for the third largest share in the global rheological modifiers market in 2016. U.S., Canada, and United Mexican States led the demand for organic rheological modifiers in this region. On the other hand, Latin America, Middle East & Africa is another attractive market for organic rheological modifiers and is likely to show better growth over the forecast period.

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Specialty Metallic Pigments: Increasing Demand in Personal Care and Paints & Coatings will boost the Growth Market

Specialty Metallic Pigments are metal flakes ranging in sizes, shapes, and colors. These are made up of various elements such as stainless steel, bronze, copper, aluminum, zinc, and others. Moreover, metallic effect depends upon the shape, size and the particle size distribution of the coating. These are used to impart colors and have wide application scope in printing inks, cosmetics & personal care, paints & coatings, plastics, and others. Additionally, metals such as stainless steel are used for surface protection purposes to enable electrical conductivity and corrosion resistance.
Some of the prominent market factors that positively influence the growth of market are increasing demand from paints & coatings sector, increasing production of cosmetics & personal care, and rising environmental regulations regarding the emission rate of volatile organic compounds (VOCs). Rapid industrialization coupled with rising disposable income in emerging economies are expected to propel the growth of market over the forecast period. Development of innovative Specialty Metallic Pigments with unique substrate layering and new technology advancement has opened up lucrative avenues for growth.

Market Segmentation:
The Global Specialty Metallic Pigments Market is divided into types, applications, and regions. On the basis of types, the specialty metallic pigments market is segmented into copper, aluminum, bronze, stainless steel, zinc, and others. On the basis of application, the market is segmented into paints & coatings, printing inks, cosmetics & personal care, plastics, and others. The aluminum Specialty Metallic Pigment Market hold the largest share and is expected to grow at significant CAGR over the forecast period. The growth of market is attributed to their sustainability in different application areas. They are widely used because of their great reflectivity of light. Specialty Metallic Pigments can be used directly in powdered form in various types of plastics and are widely used for the preparation of master batches. Moreover, these are used in the formulation of gravure inks, screen inks, offset inks, and flexographic inks in graphic arts application. In cosmetics, they find wide application scope in preparation of lipsticks, lip gloss, eye shadows, blusher rouge, face cold cream, nail polish, hair spray, shampoo, and others. As a printing ink application, they are used in flexible packaging, food packaging, label printing, wall paper printing, graphic arts, textile printing, and cardboard packaging.

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Asia Pacific is estimated to dominate the market over the forecast period, on account of increasing consumption of Specialty Metallic Pigments in numerous applications such as cosmetics & personal care, printing inks, plastics, and paints & coatings. Asia Pacific observes a lucrative growth prospect in specialty metallic pigment from automotive and architectural coatings application. In recent years, surge in demand of aesthetically designed vehicles with lustrous paints have increased the market value of Specialty Metallic Pigments. Increasing consumer expenditure on personal care products in countries such as Thailand, India, China, South Korea and Malaysia is predicted to propel the growth of the market. The printing ink application is expected to witness high growth due to increasing demand for attractive and sustainable packaging printing, which is likely to boost the demand for Specialty Metallic Pigments. While the packaging printing market in developed countries is getting saturated, the markets in India and China are predicted to register the highest growth over the forecast period. Growing e-retail sales, coupled with the demand for convenience packaging in food as well as electronics industries is one of the leading factors in the growth of market during the review period.
Asia Pacific holds the largest market for Specialty Metallic Pigment followed by North America and Europe. Europe and North America predominantly consist of developed countries and mature markets. Therefore the growth of the market in these regions is estimated to be at a moderate pace during the forecast period. Specialty Metallic Pigments Market in North American countries such as U.S. and Canada are expected to grow with an average CAGR due to steady demand for cosmetic products coupled with a growing decorative and automotive coatings market. Russia, Germany, U.K, and Spain are expected to be the major contributors in the European market growth due to significant growth in various end use industries. However, stringent regulations imposed by regulations like REACH and EPA regarding low VOC content in paints & coatings, is anticipated to hamper the demand for Specialty Metallic Pigment in the upcoming years. Except this, growing construction sector and improving printing & ink industry in Latin America and the Middle East and Africa are expected to create a demand for Specialty Metallic Pigments.

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Brass Foils Market is expected to grow at considerable CAGR owing to the growth of demand from electrical & electronics industry

Market Overview:
Brass is a metallic alloy synthesized by combination of copper and zinc. The varying proportion of copper and zinc provides different types of brass alloys with different mechanical and electrical properties. Foil is a thin sheet of metal made out by high pressure rolling or hammering the bar of parent metal. The metal is needed to be malleable for obtaining thinner sheet or foil.  Brass foils exhibit an important properties such as mechanical, electrical and metallurgical properties, smooth and bright surface finish. In addition to this, brass foils are highly durable, sustainable, 100% recyclable, which mitigate environmental concerns and make it preferable in making durable machinery parts. The Global Metal Foils Market is estimated grow at 6.5% during the forecast period. Growing demand of portable electronics around the world is anticipated to fuel the demand of Brass Foil.

Market Segmentation:
The Global Brass Foil Market is segmented on the basis type, end use industry, and region. On the basis of type the market is divided into Oxygen-Free High Conductivity Copper (OFHC), Electrolytic Tough Pitch (ETP) copper, Deoxidized High Phosphorous (DHP) copper, Deoxidized Low Phosphorous (DLP) copper. Among these types, OFHC is holding major share of overall demand in brass foils. OFHC finds major applications electrical and electronics industry. It includes microwave tube, vacuum capacitors, vacuum seals and wave guides. The largest application of OFHC can be seen in the hadron collider, which is the world’s largest particle collider built to investigate the structure of sub-atomic particles. ETP copper is another important type of Brass Foils, which is extensively used in automotive and electrical industry. Its basic properties such as greater tensile strength and electrical conductivity makes it useful in transformer windings, bus bars, and motor windings. DHP is major used in manufacturing the industrial machinery distillery, heat exchanger shells, kettles, and condenser tubes. The durability and recyclability of this product is expected to favor its demand from industrial machinery segment, in coming year. Lastly, DLP is another important type of Brass Foil. It is majorly used in automotive and electrical industries as connectors, terminals, relays and components of semiconductor.

Based on end use industries the Global Brass Foils Market is segmented into electrical & electronics, automotive, construction, industrial machinery, and others, wherein electrical & electronics segment is consuming maximum overall Brass Foils. Global electrical & electronics market is growing at highest rate among the other end user industries of Brass Foils. There is increasing penetration of power electricity in hitherto untapped remote areas, which is expected to fuel the demand of brass foils. Automotive industry is steadily growing with an increasing demand of vehicles around the world. The embedded electronics in automotive is constantly penetrating further due to an advent of hybrid vehicles. In coming years the electric vehicle market is anticipated to rise manifolds on account of environmental concerns against use of the conventional fuel based vehicles. This, in turn is projected to propel the growth of the global brass foils market. Moreover, rapid industrialization in developing countries would increase the demand of Brass Foil in manufacturing the industrial machinery. Construction activities are constantly increasing to provide shelter to the growing population, which may witness growth in demand of Brass Foils from construction segment.

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Asia Pacific, Europe, and North America are the major markets in the Global Brass Foil Market. Other important regions include the Middle East & Africa. Among major regions of the Global Brass Foil Market Asia Pacific is the largest and fastest growing region. The region accounts of 54% of the global brass foil market owing to the presence of major key players and end use industries. The major end use industries in this region include electrical & electronics and automotive. India, China, and Japan are the leading markets in this region. The government scheme called Din Dayal Upadhyaya Gram Jyoti Yojana (rural electrification scheme) has been recently adopted by Indian government to electrify hitherto dark villages and also to provide uninterrupted power supply to them. This is expected to fuel the demand of brass foil in making switch gears, transformer winding, and other electrical components. Chinese government is also on fore front when it comes to electrify a remote Tibetan plateau region. There are many small Hydro Electric Projects (HEP’s) in this region which are providing electricity to the remote pockets through small grid. This in turn is anticipated to drive the demand of brass foils in the regional market. Apart from this, there is growing use of use of household and portable electronic devices in this region such as mobile phone, microwave oven, and refrigerators, among the others. In addition to this, construction activities are steadily rising in this region to cater need of the growing population in developing countries in this region. Collectively, the growing demand of Brass Foils from major end use industries in Asia Pacific is driving the regional market forward.

Europe is also a significant market in the Global Brass Foils Market. Countries namely, Germany, U.K., and France are the major markets in this region owing to the presence of established automotive industry. The growing demand of electric and hybrid vehicles around the world is attributed to the rising sentiments in favor of environmental concerns. The region accounts for world’s largest automobile production and this trend is likely to continue throughout the forecast period. This is projected to fuel the demand of brass foil in this region. North America is another substantial region in the global brass foils market, wherein U.S. is the largest market share holder. An increasing reconstruction activities and well-established automotive industry are favoring the demand of Brass Foils in this region. The regional metal alloys market of North America has been estimated grow at CAGR of 5%, which may propel the growth of brass foil market in this region. The Middle East & Africa is witnessing steady growth of construction and sports industry. This is attributed to forthcoming FIFA world cup which the region is hosting in 2022.

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Spray Adhesive Market is estimated to grow at a moderate CAGR over the forecast period

Spray Adhesive is an aerosol which is used to adhere various kind of substrates. These Adhesives are easier to apply without dirtying or messing up the surface of application. Spraying ensures easier & faster application, quicker drying, and less fumes while application. Other advantage include easy portability, ease of application, and ability to reposition. Moreover, they minimize overspray and helps clean up. With the aforementioned reasons they are widely utilized as numerous applications in automotive, leather & footwear, paper & packaging, building & construction, and others.
Some of the prominent factors that positively influence the growth of the Spray Adhesive Market are rising disposable income, constant urbanization, and improved living standards. Additionally, increasing automotive sales in the developed as well as developing regions along with the demand for fuel efficient vehicles is estimated to accelerate the market growth over the forecast period. Moreover, speedy growth in construction sector is predicted to fuel the market growth over the forecast period. These are widely used in woodworking application, innovations in furniture & décor coupled with the increasing demand for aesthetic furniture is expected to propel the demand for spray adhesive during the review period.

Market Segmentation:
The Global Spray Adhesive Market is segmented on the basis of technology, chemistry, application, and region. Based on technology, spray adhesive market is segmented into water, solvent, hot melt, and others. Based on chemistry, the market is segmented into epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene, and others. Among these, polyurethane and epoxy based spray adhesives hold the largest market share on account of their wide utilization in various application. Furthermore, polyurethane based Spray Adhesives offer excellent adhesion for a wide range of substrates such as plastic, wood, and glass due to their superior elasticity and other structural properties. Polyurethane based spray adhesives prevent separation or widening of cracks caused in wooden cabinets due to climate change. Other chemistry include polyvinyl acetate, polyacrylic ester, polyamide, and cyanoacrylate. Based on application, the market is segmented into paper & packaging, building & construction, automotive, leather & footwear, wood working, and others. Other application include foils, plastics, foam, and carpets. Building & construction hold the largest market share followed by woodworking and paper & packaging. Spray Adhesives are used for a wide range of building material substrates such as drywalls, fiberglass, and insulation of pipes, roofing membrane system, and installation of carpet tiles.

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Asia Pacific is estimated to dominate the market during the review period due to increasing consumption of Spray Adhesives in various applications such as building & construction, automotive, woodworking, paper & packaging and others. Speedy growth of commercial as well as residential construction sector in Asia Pacific in the past few years are predicted to open new avenues of market growth. Technological advancement and propagation of aesthetic architectural design, promote use of durable and weather resistance spray adhesives. Furthermore, strong demand for infrastructure projects in emerging economies such as China, India, Malaysia, and Vietnam, has increased the demand for robust and easy to use adhesive, which in turn, is expected to increase the demand for spray adhesive. The growing packaged food industry is expected to generate demand and drive the Spray Adhesive Market during the forecast period. The emerging middle class in developing economies such as India, China, Vietnam, Thailand, and Malaysia are expected to propel market growth, as rising consumption of packaged products is leading packaging industry manufacturers to increase their production capacities. Factors such as improving standard of living and increasing per capita disposable income in the countries of Asia Pacific are also expected to drive growth of the market.

Asia Pacific holds the largest market share for Spray Adhesive followed by North America and Europe. North America is predicted to witness a steady growth in the use of spray adhesive on account of increasing R&D activities and innovation in packaging business. Furthermore, Europe and North America are estimated to account for a combined market share for around 40% owing to concentration of large number of packaging and woodworking companies in these regions. High utilization of packaging material in the U.S., Canada, Germany, UK, France, Italy, and Spain are further expected to stimulate growth due to revitalizing paper & packaging sector. Latin America spray adhesive market is predicted to register sluggish growth on account of shifting automotive and paper & packaging manufacturing base to India, China, Japan, and Mexico. The Middle East & Africa is predicted to witness a significant growth due to rising public-private construction activities specifically in Turkey, the United Arab Emirates (UAE), Saudi Arabia, and Qatar. Moreover, numerous government projects and recreating hubs such as Airport, railroad network, medical buildings, and indoor stadiums have been allocated huge funding, which in turn is estimated to boost the Spray Adhesive Market growth during the assessment period.

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Thermoplastic Composite Market is projected to grow at highest CAGR due to the growing demand by Aerospace & Defense Industry

Market Overview:
Thermoplastic is an organic material that melts at specific high temperature and on cooling it gets hardened. Thermoplastic material becomes moldable when heated and can be given desired shapes. Chemically, thermoplastic materials resemble to rubber and physically they are as strong as aluminum. They exhibit many desired properties including good thermal and electrical resistance, greater resistance to abrasion, and good operational ability under high pressure. In addition to this, the Thermoplastic Composites exhibit better fatigue properties over traditional materials such as metal and wood and undergoes high load without deformation. Global aerospace & defense industry is making maximum use of Thermoplastic Composites in manufacturing both fuselage and machinery. The new range of wide and light bodies aircrafts manufactured by leading aerospace industries using more than 50% of composites. This, in turn is expected to drive demand of the thermoplastic composites. The environmental concern necessitate the world to find greener alternative for power generation. Wind energy came up as a solution to this problem. Both developed and developing countries are investing significant shares of their GDP wind energy, which may fuel the demand of thermoplastic composites.

Market Segmentation:
The Global Thermoplastic Composite Market has been segmented on the basis of product type, fiber type, end use industry and region. On the basis of product type, the market is divided into, short fiber reinforced thermoplastic (SFRT), long fiber reinforced thermoplastic (LFRT), continuous fiber reinforced thermoplastic (CFRT), and glass mat thermoplastics (GMT). Among these types, SFRT is holding major share of overall demand of Thermoplastic composites. SFRT is an easily moldable material which is primarily used to manufacture parts of aircraft and defense equipment. Easy processing and ability of SFRT to be recycled from scrap offers significant cost effectiveness over the other types. Its application can be found in automotive, electrical & electronics industry, and chemical processes as well. LFRT is another important product type of Thermoplastic Composites which primarily used in making part of automotive industry. Their structural properties and low cost per part enabled it to replace is metal counterparts in automotive industry. Advent of new organic long fibers offer greater recyclability, which would mitigate environmental concern regarding its dispose and help increase its usability. GMT is different from the injection molded reinforced thermoplastics and offer better mechanical properties. It is used in underbody shields, seat structures and front-ends in automotive.

Thermoplastic Composite are divide into glass fiber and carbon fiber based on the type of fiber used in the composite. Glass fiber composite is a majorly used Thermoplastic Composite due to its superior priorities such as greater flexibility, strength, durability and chemical stability. Glass fiber based composites can be manufactured in less complex and cost effective way, which increases its usability in almost all end user industries of Thermoplastic Composites. Carbon fiber is an extremely light fiber reinforced material, which find its applications in many end use industries such as building & construction, sports goods and automotive.

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Based on end use industry, the Global Thermoplastic Composite Market is segmented into aerospace & defense, wind energy, automotive, building & construction, sports, electrical & electronics and others.  Aerospace & defense industry is gaining momentum around the world owing to the competition among the leading economies namely U.S, India, Russia, and China. The global aerospace market which includes designing and manufacturing of aircrafts as well as spacecraft is set to witness the highest growth among all the end use industries of Thermoplastic Composite. This, in turn is expected to fuel the demand of Thermoplastic Composites. Following aerospace industry, the global wind turbine composite market is growing at substantially highest CAGR and expected to reach ~ USD 12 billion by the end of 2023, which is attributed to an increasing demand of green energy with lesser carbon footprint. In addition to this, defense sector of major military powers namely, U.S., Russia, China, and India is flourishing with the increased defense spending by these countries to enhance their military capabilities. This, in turn is projected to boost the demand of Thermoplastic Composite in making lighter and stronger warfare grade military vessels, fighter jets, and other defense equipment. Moreover, there is an increasing demand of light weight automobiles to enhance fuel efficiency which is anticipated to propel the growth of Global Thermoplastic Composite Market.

Regional Analysis:
The Global Thermoplastic Composite Market is geographically divided into five key regions which are Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the leading region among them owing to the increasing demand from aerospace & defense and wind energy sector in this region. Countries namely India, China, and Japan are leading markets in this region owing to the growth in demand from major end use industries such as aerospace & defense, automotive, and building & construction in these countries. North America is the second most significant region in the Global Thermoplastic Composite Market. U.S. is the largest market in this region due to the presence of well-established and leading end use industries such as aerospace & defense and sports industry. Europe is another substantial region in the Global Thermoplastic Composite Market. The major markets in this region are Germany, U.K., France and Italy, where there is a growing demand of Thermoplastic Composites by automobile industry. Industrialization in Latin America is on the rise with pacifying political and economic scenario in Brazil and Colombia. During the forecast period the region anticipated to hold significant share of the Global Thermoplastic Composite Market. The Middle East & Africa is holding relatively lesser shares in the global thermoplastic composite market. It is anticipated to witness growth in coming years on account of hitherto untapped growth opportunities in composites and core material market.

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GRE Pipes Market is expected to grow at 4.2% CAGR during 2016-2022

GRE Pipes are generally manufactured with an integral joint, which means that the lock or joint is produced simultaneously with the pipe body by winding on a specially designed metallic cast fixed at one end of the axis. The pipes are wound on precisely machined steel mandrels, the mandrel is extracted only when the pipe is cured.

GRE Pipes have various properties namely, are zero maintenance and long life which makes low life cycle cost also UV Resistant and Fast, low cost assembly due to light weight and simple jointing techniques.

The GRE Pipe has wide industrial applications such as transportation lines, line for chemical disposal, lines for gathering and gas transportation, firefighting networks, water injection, tubing and casing, line for disposal formation waters, acid transportation resulted the drivers of the market.

Market Highlights:
Glass-reinforced epoxy (GRE) is a combination of two or more materials with addition of high strength E-glass fiber amine cured epoxy resin as basic material. The frangible nature of the material demands careful handling during transportation, fabrication, and installation. GRE Pipes are well suited for environments where corrosion resistance is required at a reasonable price. Main industries in which GRE pipes required are   petrochemical process lines, oil and gas systems, fire-fighting systems, offshore and onshore systems, chemical transport and others.

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The economic growth of oil rich economies has increased the demand for major industrial requirements which add the boom in the water networks, oil & gas sector and petrochemical plants. In Industrial plants pipe systems that are used as circulating water, chemical lines, cooling systems, process piping, and fire water.

Regional Analysis:
Petrochemicals, Oil & Gas, power & energy and other Industrials are the major end-user industry of GRE Pipes due to their less thermal conductivity. The increasing number of applications such as oil & gas, fuel, water, sewage, and chemical industry in India and China is expected to drive the GRE Pipes Market.  Asia-Pacific is the largest market for GRE pipes. The GRE pipes market in these regions is expected to increase in the future.

North America witnessed a positive growth due to GRE pipes demand over continues to increase in oil & gas, water, chemical industries. Europe are expected to witness a sluggish growth owing to stringent regulation for producing GRE Pipes.

The Asia-Pacific contributes largest market share in GRE Pipes Market. China consumes largest market owing to growing demand from end user industries such as petrochemicals, oil & gas, power & energy and other industrials.

North America witnessed a positive growth over the forecasted period. Due to cross country pipelines, sewerage disposal systems, sea water intake & return lines in power plants Europe comes at third largest market of global GRE pipes. Latin America and Middle East and Africa also witnessed in growth of GRE Pipes Market near future.

Segmentation:
The market for GRE Pipes is segmented on the basis of end-user and by the region; On the basis of end-user the GRE Pipes Market is segmented as like petrochemicals, oil & gas, power & energy and other industrials. Moreover on the basis of the region of global GRE Pipes Market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

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