Monday 30 October 2017

Diacetone Alcohol Market has been increasing tremendously, growing at CAGR of 4.85%

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Diacetone Alcohol Market that includes Solvay S.A (Belgium), Arkema Group (France), Monument Chemical Inc. (U.S.), Recochem Inc. (Canada), Prasol Chemicals Pvt. Ltd. (India), KH Neochem Co., Ltd. (Japan), Galaxy Chemicals (India), Shanghai Jianyuan Chemical Co.,Ltd. (China), Aareydrugs & Pharmaceuticals Ltd. (India), and SRI NEELIMA LABORATORIES (India), among others.

Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said the, “The Diacetone Alcohol Market is estimated to be valued at USD 1,594.5 million by 2023 and expected to grow at CAGR of 4.85% during the forecast period.”

End use industry of Diacetone Alcohol in paints & coatings industry accounted for the largest market share. It has been projected to grow at highest CAGR on account of increasing demand from household and automotive industries. Textile industry is the second major consumer of diacetone alcohols. Growth of paints & coatings industry owing to increasing demand from growing construction activities. The major factors driving growth of the Global Diacetone Alcohols Market includes rise in demand among solvent manufacturers coupled with subsequent growth in paints & coatings industry. In addition to this, growth textile industry on account of surge in apparel consumption, which is anticipated to reach a trillion figure during the forecast period. However, the bottleneck in a growth trajectory of the Global Diacetone Alcohols Market includes fluctuating crude oil prices, which is affecting the supply and demand balance in the market. In addition to this, the fragmentation of market is leading to competitive pricing. Nevertheless, in coming years, the technological advancements in sustainable and economical production of Diacetone Alcohol by reducing effects on environment is anticipated to help the market overcome existing growth constrains during the forecast period.

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Segment Analysis:
Global Diacetone Alcohol Market has been segmented on the basis of, application, end use industry, and region. On the basis of application, the market has been divided into solvents, chemical intermediates, cleaning, drilling fluids, and preservatives, among others. Among these applications, the use of Diacetone Alcohol as a solvent is holding major share of market which is growing at highest CAGR of 5.70%. The product is also used in cellulose ester lacquers, particularly of the brushing type, where it produces brilliant gloss and hard film and where its lack of odor is desirable. It is also used in lacquer thinners, dopes, wood stains, wood preservatives and printing pastes. Their major end use can be seen in industries such as paints & coatings and textile. Chemical intermediate is a second major application of Diacetone Alcohol holding 21% share of the market. Application of Diacetone Alcohol as a metal cleaning compounds in number of industries is growing at considerable CAGR in the Global Diacetone Alcohol Market. Diacetone Alcohol also fined their application as drilling fluid in mining industry. Growing demand of minerals is anticipated to drive demand of Diacetone Alcohol in mining applications which is projected to fuel the demand of this product.
Based on end use industry, the Global Diacetone Alcohol Market is segmented into paints & coating, textiles, automotive, and oil & gas, among others. Among these segments, the consumption of Diacetone Alcohol in paints & coating industry accounts for the largest market share, owing to increasing uses of Diacetone Alcohol as a solvent and chemical intermediate. During the forecast period, paints & coatings industry segment is estimated grow at highest CAGR as to reach USD 610.0 million by the end of 2023. Textiles industry is the second major consumer of Diacetone Alcohols, wherein they are used in making artificial silk and leather. Other important end use industries of Diacetone Alcohols can be found in automotive, and oil & gas, among others in Diacetone Alcohols penetrated equally.

Regional Analysis:
Geographically, the Global Diacetone Alcohol Market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific dominated the market, accounted for the largest share of the market in 2016, and expected to grow at CAGR of 5.34%. Asia Pacific market is followed by North America, which accounted for the second largest number of shares in the Global Diacetone Alcohols Market, as of 2016. It is estimated to reach USD 331.4 million, by the end of 2023. Europe is another substantial regional in the market, which accounts for 18% share of market as of 2016. Country wise, China is the leading market, in terms of value and volume, which is followed by the U.S.

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Dimethyl Ether (DME) Market 2017 - Aestar (Zhongshan) co. Ltd, Akzo Nobel N.V., Arrtu group, China energy ltd, DME Aerosol, Ferrostaal GmbH

(DME) Dimethyl Ether Global Market   - Overview
The Global Dimethyl Ether Market is growing rapidly due to the growing LPG imports. According to a recent study report published by the Market Research Future, The global Dimethyl Ether Market has been increasing. The market is expected to grow at a rapid pace during the forecast period (2017 – 2027).  The Dimethyl Ether Market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2027).

The Global Dimethyl Ether Market is majorly driven by growing reliance of countries on LPG imports. Other market growth drivers include; rising environmental concerns, and growing need for improvement in existing infrastructure among others. However, lack of skilled professionals and strict government norms are the factors which are hindering the growth of Dimethyl Ether Market.
The DME Market is driven based on two fundamental properties. First and foremost in terms of diesel engine operation the appeal is that DME has excellent combustion behaviour. DME has a high cetane number (i.e. excellent ignition quality relative to conventional diesel fuels) and DME burns without forming soot because it contains no carbon-carbon (C-C) bonds. Because DME has a high cetane number, it can be an effective diesel fuel replacement in conventional and many advanced combustion processes.

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The second fundamental property for DME’s market growth is that because DME burns without forming soot, one can aggressively try to reduce other pollutants through measures within the engine combustion chamber (e.g., use large amounts of exhaust gas recirculation to reduce nitrogen oxides emissions) without paying a penalty on soot emissions. Thus DME provides flexibility in engine pollutant control within the engine. Furthermore, because DME does not form soot, there is the potential of meeting strict tailpipe emissions regulations without requiring a diesel particulate filter in the exhaust system. This aspect of DME can lead to simplified vehicle powertrain systems and the reduction of engine and emissions systems control challenges that strict emissions regulations create.

(DME) Dimethyl Ether Global Market   - Competitive Analysis 
Characterized by the presence of several well-established and small players, the Global Market of Dimethyl Ether appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. The Key players operating in the market compete based on pricing, product launch, technology launch, and reputation.
The main drivers behind interest from these industries are 1) the opportunity to create a higher value product from waste streams, 2) emissions regulations, and 3) landfill diversion regulations banning food and green waste from landfill disposal. Manufacturers focus on the monetization of wasted resources. The small-scale, modular process can convert various methane-containing feedstock to a higher value commodity.  The ability to monetize waste streams, whether stranded gas or food waste, to produce a clean burning fuel such as DME is an exciting proposition.

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(DME) Dimethyl Ether Global Market   - Segments
The DME Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Natural Gas, Coal, Methanol, and bio bases among others.
Segmentation by Applications: Comprises LPG blending, Aerosol Propellant, and transportation fuel among others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Bio-based feedstock consumption for Dimethyl Ether Market production is expected to grow at highest CAGR during the forecasted period of 2017-2027.
Transportation fuel is the fastest growing market for Dimethyl Ether Market.

(DME) Dimethyl Ether Market   - Regional Analysis
The Dimethyl Ether Industry has witnessed high growth on an account of technological advancements, increasing applications and growing demand in the countries known for insufficient energy sources. Asia-pacific dominated the Global Dimethyl Ether Market with the largest market share, accounting for astronomical amounts and is expected to grow over its previous growth records by 2027. The European market for Dimethyl Ether is expected to grow at a substantial CAGR during 2017-2027. Asia-Pacific region has the largest market share owing to rich coal deposits, and growing environmental concerns in the region.

In North America commercial developments are primarily being driven by the ample supplies of low-cost natural gas due to the shale gas revolution creating a revival of the methanol industry in the United States. This revival is supporting developments to make gasoline from natural gas-derived methanol.

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Polyurethane Catalysts Market in Growing Construction Activities all around the world is projected to boost the demand of Rigid Foam

Market Overview:
Polyurethane is vastly being used for manufacturing foam which in turn utilized by diverse industries namely furniture, construction, automotive & transportation, electronics & electrical, etc. As polyurethane catalyst is one of the key components for producing polyurethane, the market trends in polyurethane are bound to significantly influence the global polyurethane catalyst market.

Polyurethane Catalysts find their applications in manufacturing various polyurethane products such as rigid foam, flexible foam, molded foam, elastomers, coatings, and others. In the coming years during forecast period, the Global Polyurethane Market is estimated to reach around 2 million tons of annual production with an approximate CAGR of 6%. The developing countries are focusing on infrastructure projects which driving the growth of building & construction activities. This trend is expected to boost the demand for rigid foams. Apart from that the automotive and transportation sector is projected to keep its growth trajectory intact to drive the demand of flexible as well rigid foams. These trends are anticipated to continue for over the forecast period.

Key Players:
Key players in Global Polyurethane Catalysts Market are Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Kao Corporation (Japan), Tosoh Corporation (Japan), Polychemie Asia Pacific Permai (Indonesia), Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China), Evonik Industries AG (Germany), Gulbrasnson Chemical Pvt. Ltd. (India).

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Market Segmentation:
The Global Polyurethane Catalysts Market is broadly segmented on the basis of product type, application, and region. Based on the product type the market is segmented into dibutyltin dilaurate, triethylenediamine (TEDA), 1,4-diazabicyclo[2.2.2]octane or (DABCO), dimethylethanolamine (DMEA), bismuth compound , zinc compound and others. Wherein DABCO and TEDA among basic amines and dibutyltin dilaurate among acid are dominating the market for production of flexible as well as rigid foams as of 2016. The trend is estimated to continue over the forecast period. Considering the health concerns of the amine based polyurethane catalysts, bismuth and zinc compound may rise as a prime choice for manufacturing Polyurethane products. Owing to the non-toxic nature these metallic based Polyurethane Catalysts are expected to see rise in their demand in production of flexible foam.

On the basis of applications the Global Polyurethane Market is divided into rigid foam, flexible foam, molded foam, elastomers, adhesives, coatings, and others. Wherein flexible foam dominates the demand with 31% market share as of 2016. During the forecast period, demand of polyurethane catalysts in flexible foam is estimated to increase even more. At present rigid foams are majorly used in diverse industries including building & construction, automotive & transportation, electrical & electronics, insulation and some proportion in plastics. Wherein, building & construction dominates the demand of rigid foams. In addition, flexible foams find their uses in manufacturing various products such as bedding & furniture, automotive interiors, mattresses & underlays, and packaging. However the demand is dominated by furniture & bedding industry along with automotive interior industry. Molded foams are majorly used in manufacturing interior of refrigerator. Growing trend can be seen in industries namely building & construction, automotive & transportation, electronics & electrical, furniture & bedding, etc. Thus, growth in these industries is anticipated to reflect in the Polyurethane Catalysts Market during the forecast period.

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Regional Analysis
Asia Pacific is estimated to dominate the Global Market of Polyurethane Catalyst with 45% of market share as of 2016. The region is anticipated to remain dominant in both production and demand of polyurethane catalyst. Growing construction activity in this region is driving the market growth. Apart from that increasing demand of rigid foams from automotive & transportation industry is expected to boost the demand further in coming years. Europe is followed by Asia Pacific in terms of market share due to increasing demand of flexible and rigid foams by automotive along with insulator industries. North America occupies comparatively smaller pie of share in global polyurethane catalysts market. Still there is surge in demand of flexible foams in automotive interiors, insulation, and furniture making industries in this region. Middle East & Africa is a swiftly growing market where the growth is driven by demand of rigid foams for insulation. Latin America is anticipated to witness the rise in regional market due to the demand of Polyurethane Catalysts in making rigid foams for construction and transportation sectors.

Specialty Oxidants Market is segmented on the basis of Type, Application, End Use Industries, and Regions

Specialty Oxidants such as sodium chlorate and hydrogen peroxide are strong oxidizing agents, and are employed predominantly to oxidize organic and inorganic compounds. Specialty Oxidants are used for an array of application across a broad spectrum of industries including textiles, paper & pulp, health care & personal care. Sodium chlorate is also used as an oxidant in chemical synthesis; in the mining industry for the extraction of vanadium and uranium. Additionally, hydrogen peroxide is used as a raw material for the production of propylene oxide and is widely acceptable in hydrogen propylene oxide (HPPO) process.

Increasing awareness regarding HPPO process is expected to drive the Global Specialty Oxidant Market in the next few years. Rising demand from end use industry such as paper & pulp for Specialty Oxidant, where hydrogen peroxide find usage in de-inking and bleaching of the paper and pulp, is expected to boost the market growth. This growth will be supported by increasing demand for paper and paper products across the institutional sector coupled with growing demand of flexible packaging material in the packaging industry. However, growth of electronic media and digitalization of information in the recent years might hinder the paper & pulp market to an extent, which in turn may affect the Specialty Oxidant market growth.

Competitive Analysis:
The major players operating in the Specialty Oxidant Market include are Akzo Nobel N.V (the Netherlands), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals Ltd (India), Evonik (Germany), Arkema Group (France), MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), Solvay (Belgium) among others  and others.

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Market Segmentation:
Specialty Oxidant Market is divided on the basis of type, application and end use industries. Based on type, the market is segmented into sodium chlorate, hydrogen peroxide, and others. On the basis of application, the market is segmented into defoliant, bleaching, propulsion, cleaning & extraction, and others. Bleaching is widely used application in various end use industries and as an application is expected to account for the largest value share followed by propulsion and cleaning & extraction. Based on end use industries, the market is segmented into healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and others. Pulp & paper industry is predicted to hold around 30% of the Global Specialty Oxidant Market and is anticipated to continue its dominance in the upcoming years. With increasing demand for recycled paper in the packaging industry this sector is expected to register a significant CAGR during the forecast period. Rising demand of propylene oxide in the production of numerous commercial products such as synthetic lubricants, flame retardants, drilling chemicals for oil fields, and others is expected to propel the demand for propylene oxide, which in turn will witness substantial demand for specialty oxidants. Growing awareness about environmental protection and government mandating industrial waste water treatment prior to disposal is expected to drive market for specialty oxidants over the forecast period. Furthermore, increasing usage of Specialty Oxidant as a cleaning agent for etching printed circuit boards in the electronics industry is expected to influence the overall market growth of specialty oxidants.

Regional Analysis:
Asia Pacific is anticipated to be the largest market for Specialty Oxidant followed by Europe and North America on account of increasing demand from pulp & paper, textile, electronics among others. Emerging countries such as India, China, and Malaysia are the fastest growing market for Specialty Oxidant, and is predicted to grow with the same pace in the near future. Increasing economic growth rate, ease in the availability of raw material, and competitive production costs are also the important factors further improving the growth of Specialty Oxidant Market in the Asia Pacific region. Europe Specialty Oxidant Market is expected to witness a steady growth with UK and Germany being major contributor due to healthcare & personal care and pulp & paper industry expansion. North America is predicted to witness a substantial growth over the forecast period due to growing demand for mild bleaching agent in textile sector.

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Curable Materials Market is anticipated to have healthy growth prospects due to increasing application area of Curable Material

Curing process is particularly undertaken for rubber and polymer by cross linking polymer chains and are activated by ultraviolet radiation. Curable Materials have found its applications in coating, adhesive bonding, sealants, general electronics, printing, industrial, plastic bonding, and others. Industrial and commercial coatings application is a prime market for these materials. Furthermore, plastic bonding applications set potential growth in near future owing to increasing application of these materials in plastic manufacturing.

Competitive Analysis:
Key players of the Global Curable Materials Market are Rockwell Automation, Inc. (U.S.), Rubber King Tyre Pvt. Ltd (India), Green Rubber Group (Malaysia), KEYLAND POLYMER MATERIAL SCIENCES (U.S.), Arnette Polymers LLC (U.S.), Dymax Corporation (U.S.), Shin-Nakamura Chemicals Co. Ltd (China) and others.

Segmentation:
The Global Curable Materials Market is majorly segmented on the basis of type, application, and regions. Market segmentation based on type include rubber, polymer and others. Curable Polymer is a prominent segment accounted for majority of global market shares closely followed by curable rubber. The polymers derived after the curing process exhibit high strength properties and are highly favored in bonding application on metal, glass, adhesive, and in industrial manufacturing. Consequently, there is a relatively higher demand for such polymers as compared to rubber. Most of these polymers are single component system that require no mixing and cure rapidly at room temperature upon exposure to a UV light source as compared to conventional polymers. Curable rubber, on the other hand, is an emerging segment and is likely grow in terms of global shares over the forecast period.

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Furthermore, on the basis of application global market has been segmented into coating, adhesive bonding, sealants, general electronics, printing, industrial, plastic bonding, and others. Coatings application segment dominated the global market and is likely to continue its dominance throughout the forecast period. Curable Polymers driving the coatings applications due infrastructural development across the globe. On the other hand, industrial manufacturing anticipated to grow significantly owing to increasing urbanization in the emerging economies. Moreover, Curable Materials are increasing being referred in the plastic manufacturing as curing provides relatively tougher end product. This particular segment represents potential growth in the years to come.

Regional Analysis:
Asia Pacific emerged as global leader in the market curable material market and accounted for 43% of global market shares as of 2016. By being a largest consumer, the region will be dominating global market over the forecast period as well. China, India, Japan, and South Korea are the key growth driving markets in this region driven by rapid urbanization and economic growth. China, particularly, represents huge automotive manufacturing base and driving significant demand for tires. This in turn has encouraged substantial regional demand for Curable Materials specifically, curable rubber over the past few years. By having several numbers of small scale curable material manufacturer, India represents dynamic growth in the forthcoming years.

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Monday 9 October 2017

Poland Industrial Lubricants Market is expected to grow with the CAGR 3.29% during forecast period of 2017 to 2023

Market Synopsis of Poland Industrial Lubricants Market:
Poland Industrial Lubricants Market is expected to reach USD 195.3 million by 2023, growing at an estimated CAGR of 3.29%. The Poland Industrial Lubricants Market is anticipated to be driven by increasing demand from end-use industries such as construction, mining, power generation, and electronics. Intricate applications requiring higher efficiency, sustainability and lower maintenance downtime of industrial equipment, has led to a high demand for these lubricants. Rising demand for a range of manufactured finished goods along with the subsequent need to expand production capabilities has compelled manufacturers to rely on machinery to automate their production process and processing activity. The health of manufacturing industry has a direct impact on the Industrial Lubricants Market dynamics. The cultivating Purchasing Managers' Indices in the country and the resulting increase in manufacturing capabilities are anticipated to boost Industrial Lubricants demand. The increasing manufacturing activities are touted to spur investments in production machinery, thereby making a strong case for Industrial Lubricants. The rising demand for grease in various end-use industries to maintain smooth working of machinery is expected to positively influence the market dynamics for Industrial Lubricants in the near future. Additionally, the Lubricants Market is also expected to witness growth on account of the rising demand from processing industry. However, the emergence of Bio-Based Lubricants is anticipated to challenge industry participants and limit market growth over the forecast period. Process oil emerged as the leading application segment and accounted for over 25% of the overall market revenue in 2016. The product finds wide application scope as a raw material or processing aid in end-use industries such as rubber, chemicals, and plastic. Metalworking fluids is expected to witness a CAGR of 3.60% from 2017 to 2023. Increasing demand for metalworking processes such as cutting, welding, and forming across various applications, such as automotive, foundry, ships, aircraft, milling, and industrial machinery, is expected to drive the demand for metalworking fluids.

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Segment Analysis:
Poland Industrial Lubricants Market is segmented on the basis of type and application. On the basis of type the market is divided into process oils, hydraulic fluids, gear lubricants, compressor lubricants, turbine lubricants, metalworking fluids, industrial engine oils, and others. Process oils emerged as the leading segment with demand driven by factors such as increasing usage in manufacturing of tires and rubbers. They are helpful in enhancing abrasion & rolling resistance of tires. Widening application scope in end-use industries such as polymer, personal care, and textile is further anticipated to positively influence market growth. The segment is projected to grow at a CAGR of 3.52% to reach USD 53.7 million by the end of 2023. Process oils were followed by hydraulic fluids and metalworking fluids in terms of overall market share in 2016. Increasing demand for metalworking processes such as cutting, welding, and forming across various applications, such as automotive, foundry, ships, aircraft, milling, and industrial machinery, is expected to drive the demand for metalworking fluids over the forecast period. General industrial oils such as gear lubricants, turbine lubricants, and compressor lubricants are set to witness moderate growth over the forecast period.

Based on application, the Poland Industrial Lubricants Market is segmented as automotive manufacturing, power generation, process industry, food & beverages, mining, rail, construction, and others. Construction sector accounted for the largest market share of over 20% in 2016 and is set to grow at an estimated CAGR of 3.45% from 2017 to 2023. The country is set to be the largest recipient of EU-funding and financial assistance of over EUR 80 billion from 2014 to 2020. This factor has resulted in significant development of construction and infrastructure projects across the country. Power generation is expected to witness the highest revenue CAGR of 3.55% from 2017 to 2023. Numerous energy facilities rely heavily on the performance of their equipment to remain competitive, including gas and steam turbine power plants, wind turbines, natural gas compression plants.

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Regional Analysis:
The Poland Industrial Lubricants Market is expected to reach USD 195.3 million by 2023 from USD 156.8 million in 2016, expanding at CAGR of 3.29 % from 2017-2023. Rapidly expanding industrial base coupled with escalating investments in construction sector is expected to drive demand for industrial lubricants over the forecast period. The growth drivers for manufacturing sector in the country include availability of large pool of skilled labor and technological know-how along with favorable foreign investment norms. Robust growth in niche sectors, for instance, 3D printing and medical devices, is expected to positively support the industrial growth rate. Increasing mining activities in the country has led to a significant rise in demand over the past few years. The key strategies followed by most companies in the market are, agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Total started up the lubricants oil blending plant in Singapore with annual capacity of 310,000 metric tons, whereas BP signed a production sharing contract (PSC) with China National Petroleum Corporation (CNPC). This deal will result in combined operational expertise of both BP and CNPC in the field of exploration, development, and production of shale gas to jointly realize the efficient development of unconventional resources. Such developments within key industry participants is expected to result in improved product offerings at optimum price levels and benefit overall industry growth.

Melamine Based Adhesive Market may grow at double digit CAGR over the forecast period, 2017–2023

Market Overview:
Melamine Adhesives are synthesized by combination of melamine with formaldehyde. Characteristic features exhibited by melamine adhesives such as high moisture durability, greater flexibility, and fire & heat resistance make it more preferable over its counterparts. In addition to this, relatively low cost of the melamine based adhesives increases its competitiveness in the adhesives market. Melamine Based Adhesives find their applications in vast number of industries, wherein the key industries are building & construction, automotive, household, packaging, and others. Among these, the building & construction industry is driving the growth of market due to rising demand of adhesives for making construction materials. During the forecast period the demand from construction industry estimated to head north. Apart from building & construction industry, global automotive industry production is growing at Y-o-Y of 9%, fueled by rising light weight vehicle production. The materials used in complex and high risk industrial applications such as high pressure and temperature processes are preferably bound together by Melamine Based Adhesives. Collectively, considering the trend it has been estimated that the Global Melamine Based Adhesive Market may grow at double digit CAGR over the forecast period, 2017–2023.

Market Segmentation:
The Global Melamine Based Adhesive Market is segmented on the basis of type, end use industries, and region. Based on type the market is divided into melamine formaldehyde, urea-melamine, and melamine urea formaldehyde. Melamine formaldehyde is holding a major share in terms of demand among the others, on account of its application in construction industry. Applications of melamine formaldehyde include its use as a key constituent in manufacturing high pressure laminates such as Formica and Arborite. Apart from this, the use of melamine in making the kitchenware and utensils is driving the demand of Melamine Based Adhesives. Following melamine formaldehyde, urea-melamine is majorly used melamine based adhesive. Its uses can be found in bonding the materials complex industrial processes such as warm water resistant grade panel and also moisture resistant grade panel. The low cost of raw material for synthesizing urea-melamine adhesive is an important factor propelling its demand over the others. Lastly, the melamine urea formaldehyde is used in making laminates such as manufacturing of flooring tiles from wood and bamboo, finger jointing of waste timber in saw mills. In addition to this, there is an increasing demand of melamine urea formaldehyde in making aesthetic wooden items, and in polymeric and glass glazing is expected to fuel growth of the Global Melamine Based Adhesives.

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On the basis of end use industries the Global Melamine Market is segmented into building & construction, automotive, household, paper & packaging, and others. Among them, building & construction industry is pulling maximum demand of melamine based adhesives owing to an increasing public as well as private investment in this industry. In addition to this, the developing countries are rapidly taking up the infrastructural projects for complete economic development which is anticipated to boost the growth of overall Melamine Based Adhesives Market. The Melamine Based Adhesives foresee growth in demand from automotive industry for bonding the light polymeric materials used in automotive parts. Moreover, the use of melamine based adhesives is increasing for making utensils and other kitchenware. In coming years, the cost intensive stainless steel utensils & kitchenware are anticipated to be replaced by those made from other light weight polymer based materials. This is projected to propel the growth of Global Melamine Based Adhesives Market. The penetration of Melamine Based adhesives in paper & packaging industry has witnessed steady rise in the past years, which is estimated to rise further throughout the forecast period. Their uses in paper & packaging can be found in aerial packaging, vacuum packaging, and hot packaging where it is necessary for adhesive to prevent moisture & gas, and withstand heat. The culture of food on the go is poised to increasing the demand of Melamine Based Adhesives in packaging of ready to eat food.

Regional Analysis:
The key regions in the Global Melamine Based Adhesives are Asia Pacific, Europe, and North America. Other regions include Latin America and Middle East & Africa. Asia Pacific is the largest market in the Global Melamine Based Adhesives, holding major share of the overall market. It account for 45% of total share in the global melamine based adhesive market. China, India, and Japan are the major market in this region due to the presence of major end use industries such as construction and automobile. Europe is following Asia Pacific in term of the market size held by the region. Countries namely, Germany, France, U.K., and Italy are majorly contributing the regional market. The established automobile industry is evolving with an advent of light and electric vehicles. Growing popularity of light weight and electric vehicles to reduce the carbon emission is the key factor favoring the market of Melamine Based Adhesives. North America is closely following Europe in terms of growth rate. The important markets in this region are U.S, Mexico, and Canada. The demand of Melamine Based Adhesives is driven mainly by automotive industry. Other regions are Latin America and Middle East & Africa, in which Latin America is anticipated to grow at higher CAGR on account of emerging end use industries. Middle East & Africa is expected to join the stream with leading regions in the Global Melamine Based Adhesives due to greater investment potential.

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Acrylic Polymer Emulsion Market is to grow significantly in the next seven years

Market Overview:
Acrylic Polymer Emulsions are water based polymers and can be manufactured by different monomers such as butyl acrylate, acrylic acid, methyl acrylate, methyl methacrylate, and others. Acrylic polymer emulsion is used in various end use industries such as paper & packaging, building & construction, paints & coatings, textile, and others due to its good durability, chalk & alkali resistance, water resistance, and gloss & tint retention. Acrylic Polymer Emulsion exhibits excellent wet & dry adhesion and dirt pick-up resistance, thus they are widely used in paints & coatings. Acrylic polymer emulsion based sound deadener sheets are of less weight relative to asphalt melt sheets, that makes it suitable for manufacturing of automotive parts.

The growing demand for Acrylic Polymer Emulsion Market is mainly attributed to the increased environmental concern resulting in consumers’ preference shift toward eco-friendly paints. Moreover, stringent regulations imposed by governing bodies and environmental agencies is expected to fuel market growth.

Competitive Analysis:
The major players operating in the Acrylic Polymer Emulsion Market include Celanese Corporation (U.S), Kamsons Chemicals Pvt. Ltd (India), Pexi Chem Private Limited (India), StanChem, Inc. (U.S),   The Dow Chemical Company (U.S), Asian Paints Ltd (India), The Lubrizol Corporation (U.S), Xyntra Chemicals B.V. (the Netherlands)  and others.

Market Segmentation:
Acrylic Polymer Emulsion is segmented on the basis of application and end use industry. On the basis of application, the market is categorized into coatings, binders, adhesives and others. On the basis of end use industries, acrylic polymer emulsion is segmented into paper & packaging, building & construction, paints & coatings, textile, and others.

Paints & coating sector is expected to hold a larger share as compared to other sectors. Increasing demand for superior quality paints and technology driven coatings is anticipated to augment product demand over the forecast period. Moreover, the Acrylic Polymer Emulsion are not flammable, which reduces its storage and handling charges and fire insurance cost.

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Growth in demand of Acrylic Polymer Emulsion based products has been observed due to rising share of acrylic polymer emulsion in textile industry. Increasing population coupled with rise in demand for water resistant clothes is projected to drive the market growth.
Increasing demand for packaging products such as boxes, shipping sacks, paper bags & sacks, and associated materials is expected to drive the market growth. Additionally, rising demand for non-woven fabrics has been observed resulting in the demand for Acrylic Polymer Emulsion Coatings.

Regional Analysis:
Asia Pacific is estimated to be the largest regional market for Acrylic Polymer Emulsion followed by Europe and North America on account of growing paper & packaging, buildings & construction, and paints & coatings segment. There has been a significant increase in the utilization of acrylic polymer emulsion in emerging countries such as China, India, and Japan is expected to increase Acrylic Polymer Emulsion demand over the forecast period.

Europe is expected to witness a steady growth over the forecast period due to increasing demand from end use industries such as paper & packaging and textile industry. Germany is the prominent country in European Acrylic Polymer Emulsion followed by UK and Italy.

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Friday 6 October 2017

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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In-Mold Coatings Market 2023 - Rapid Adoption by Automotive Industry in Developing Regions will boost market demand of In-Mold Coatings

Market Overview:
In-Mold Coatings is used in various industries such as automotive, agriculture, marine, transportation, and others. Additionally, the growing demand in the automotive industry is a key factor to drive the In-Mold Coatings Market. On the basis of region, the market share of In-Mold Coatings is high in Asia Pacific due to huge utilization in growing industry such as automotive, agriculture, marine, transportation, 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.

Market Segmentation:
Global In-Mold Coatings Market is divided into technology, coating system, application, and region.

On the basis of technology the market is segmented into water based IMC, solvent based IMC, powder, UV, others. Among all, water based IMC technique is highly utilize in automobile interiors using polyurethane that required thin and non-reactive coatings. Whereas, Solvent based In-Mold Coatings are highly sophisticated in the market and are used in different In-Mold applications. One of the advantage of solvent based in Mold Coatings are rapidly drying release film when used in automated production cycles can benefit the market growth. On the basis of coating system the market is bifurcated into 1k and 2k. Water based 1K In-Mold Coatings are new development for refining polyurethane form parts for interior applications. These eco-friendly coating system gives exceptional processing and adhesion behavior as well as resistances comparable to the standard 2K In-Mold Coatings.

On the basis of application, the In-Mold Coatings Market is segmented into automotive, agriculture, marine, transportation, and others. In-Mold Coatings are highly used in automotive industry, especially for window encapsulations and steering wheels. Presently, the following components are being prepared using In-Mold processes i.e. door panels, steering wheels, headrests, instrument panels, armrests, airbag covers, assist handles, and seat covers. Most of these applications utilize waterborne In-Mold Coatings such as injected polyurethane elastomer, polyurethane spray-able elastomer and polyurethane foam. The In-Mold Coating procedure allows for parts to be molded and coated in a single step process so that finishers don’t have to apply several steps to mold and paint. This removes numerous plastic preparation costs such as sanding, flame treating, degreasing, cleaning, priming, etc. and also uses less labor,  less packing & shipping, and yields less waste, thus making a substantial cost savings for the finisher.

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In addition to processing advantages, In-Mold Coatings offer other advantages over post-painting. In-Mold Coatings provides all of the advantages from scenario of processing, performance, environmental, at a lower cost. In-Mold Coatings application have diverse fields such as interior, for instance, door linings, consoles, dashboards, armrests, etc. and also attached parts for the automobile’s bodywork like bumpers, rear hatches, engine bonnets, spoilers, boot lids, etc. Furthermore, In-Mold Coatings can be applied during the molding process of plastics, sheet molding compound or SMC and composite components for automotive, agriculture machinery, heavy truck, marine applications, and others. Presently, it has expanded its application to non-skid surfaces for beverage trays, residential doors, and textured, and other applications to provide a smooth, protected and sealed surface.

Key Players:
Key players of the Global In-Mold Coatings Market are BOMIX (Germany), OMNOVA Solutions Inc. (US), AKZONOBEL POWDER COATINGS (Netherlands), Stahl Holdings B.V. (Netherlands), Red Spot Paint & Varnish Company, Inc (US), Performix by Plasti Dip International (US), The Sherwin-Williams Company (US), FreiLacke (Germany), ISL-CHEMIE (Germany), FGN Fujikura Kasei Global Network. (UK), and others.

Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in In-Mold coaTings market growth. Upgraded lifestyle, increasing cost of living and rising population have raised the automotive industry and hence In-Mold Coating in this region. North America holds the second position for In-Mold Coatings Market and is another lucrative market in terms of value and volume after Asia Pacific. UK, Canada, and United Mexican States led the demand for In-Mold Coatings in this region. Europe accounted for the third largest share in the global In-Mold Coatings Market in 2016. On the other hand, Latin America, Middle East & Africa is another growing market for In-Mold Coatings and likely to show better growth rate over the forecast period.

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Reactive Dyes Market 2017 - NIPPON KAYAKU CO. LTD. (Japan), Sumika Chemtex Co., Ltd. (Japan), Archroma (Switzerland), Colourtex (India)

Reactive Dyes are colored organic compounds, primarily used for tinting textiles. The most important property of reactive dyes is the formation of covalent bonds with the substrate to be colored, this dye forms a chemical bond with fiber, which is the main component of cotton fibers. Reactive dyes are mainly used in silk, nylon, cotton, and wool.  Any fluctuation in the market of these industry will direct impact on the reactive dyes market.

Growth in various industry such as paper, textile, wood, leather, and others are the major drivers of reactive dyes market. Asia Pacific region is expected to be the fastest growing market for reactive dyes where growth is driven by the countries such as India, China, Indonesia, and Japan. Furthermore, growing demand for textiles will propel the global market of reactive dyes as well. On the other hand, stringent environmental regulations for synthetic based reactive dyes can hamper the market growth in forecasted period.

Key Players:
Key players of the Global Reactive Dyes Market are Huntsman International LLC. (US), BASF SE (Germany), NIPPON KAYAKU CO. LTD. (Japan), Sumika Chemtex Co., Ltd. (Japan), Archroma (Switzerland), Colourtex (India), Kiri Industries Ltd. (India), IM Dye Chem (India), Roop dyes and Intermediates (India), Kevin India Co. (India), and others.

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Market Overview:
Reactive dyes is used in various applications such as cotton, paper, nylon, leather, and others by different types such as reactive cold dyes, reactive hot dyes, reactive 'HE' dyes, reactive 'ME' dyes, and others. Additionally, the growing demand in the textile industry is a key factor to drive the reactive dyes market. On the basis of region, the market share of reactive dyes is high in Asia Pacific due to huge utilization in growing industry such as textile, paper, 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.

Market Segmentation:
Global reactive dyes market is segmented by types, function, application, and region. On the basis of types the reactive dyes market is segmented into reactive cold dyes, reactive hot dyes, reactive 'HE' dyes, reactive 'ME' dyes, and others. Reactive cold dyes are used for various applications and have been appreciated for colorfastness. These dyes have application in silk, wool, nylon and modified acrylic fibers from neutral to acid dye bath. The important features of these dyes are highlight fastness on cellulosic fibers and fabric, exceptionally brilliant colors, excellent yield in all application, high exhaustion and fixation efficiency, helpful to dye cotton hosiery goods on winches, nontoxic, environment friendly, high level of dyeing properties, hygienically processed. Reactive hot dyes are highly applicable on cellulosic materials by both dyeing and printing methods. These reactive dyes have lower reactivity with cotton and other fabrics. Reactive highly exhaust (HE) dyes, are having low reactivity and high substantivity. These dyes are high fixation on dyeing fabric blends on polyester, cotton. These dyes are suitable for exhaust dyeing of medium to heavy colors as high color produce. Reactive mild exhaust (ME) dyes are applicable in dyeing, printing in various cellulosic material such as cotton etc. The major advantage of using these dyes that these gives high degree of exhaustion & fixation rates also offer exceptional leveling properties & alkali stability.

On the basis of functions the reactive dyes market is segmented into monochlorotriazine, vinyl sulphone, bi-funcational, and others. Among all, Monochlorotriazine dyes are less reactive as compared with vinyl sulphone dyes. Vinyl sulphone dyes are moderately reactive. These dyes show exceptional fixation properties under proper alkaline condition. Furthermore, bi-functional dye is a form of reactive dye which contains more than one type of reactive group. These dyes are designed in such a manner to have capacity to react with fibre in more than as simple way.
On the basis of application the reactive dyes market is segmented into cotton, paper, nylon, leather, and others (wood, etc.). Among all applications, cotton and paper has occupied the highest market share, especially in Asia Pacific region. The increasing demand of reactive dyes in various industries such as, textiles, paper, and others will boost the market of reactive dyes in forecasted period.
    
Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in reactive dyes market growth due to demand in various industry such as textile, leather, and paper, especially in China region followed by India. Europe holds the second position for reactive dyes market and is another lucrative market in terms of value and volume after APAC. Germany, Italy, and UK led the demand for reactive dyes in this region. In Europe region, reactive dyes market is mainly driven by textile industry.
North America accounted for the third largest share in the global reactive dyes market in 2016. UK, Canada, and United Mexican States led the demand for reactive dyes in this region. In this region, reactive dyes market is driven by large demand in textile, paper, and leather industry. Latin America and the Middle East also witnessed in growth of reactive dye market due to various application such as paper dye, leather dye, wood dye, and others.

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Non-Ionic Surfactants Market is expected to witness a significant growth with CAGR of ~4.5%

Market Overview:
Non-Ionic Surfactant is used in various industries such as food & beverages, paint & coatings, oilfield, textiles, personal care, construction, household, and others. Additionally, the growing demand in the household and personal care industry is a key factor to drive the Non-Ionic Surfactants Market. The trends of using personal care products such as hair care and skin care products has driven this market. On the basis of region, the market share of Non-Ionic Surfactants is high in Asia Pacific due to huge utilization in growing industry such as paint & coatings, oilfield, 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. The Global Non-Ionic Surfactants Market is expected to witness a significant growth with CAGR of ~4.5% between 2016 and 2023.

Key Players:
Key players of the Global Non-Ionic Surfactants Market are 3M (US), Akzo Nobel N.V. (Netherlands), Arkema (France), BASF SE (Germany), Clariant (Switzerland), Dow Corning Corporation. (US), Elementis plc (UK), Evonik Industries AG (Germany), Huntsman International LLC (US), Kao Corporation (Japan), and others.

Market Segmentation:
Global Non-Ionic Surfactant Market is divided into type, application, end user industry, and region. On the basis of type, the Non-Ionic Surfactant Market is segmented into alcohol ethoxylates, fatty alkanolamides, amine derivatives, glycerol derivatives, and others. Among all, alcohol ethoxylates surfactant are the major type of surfactant due to high utilization in laundry detergents which is further used in institutional and industrial cleaners, oil, cosmetics, household cleaners, agriculture, textile, paper, and other process industries. Alcohol ethoxylate Non-Ionic Surfactant have many features such excellent cleaning of synthetic fibres, as low to moderate foaming capacity, biodegradation, and tolerance of water hardness. Alcohol ethoxylates is safe and is non-toxic with regard to consumer use which further adds to the driving factor in non-ionic surfactant market. Fatty alkanolamides Non-Ionic Surfactant are used to make economical and low priced dish and fabric washing formulas. Fatty alkanolamides are very important ingredient during the manufacture of soaps and personal care products, due to having a lipophilic group which is totally biocompatible and well adapted to the preparation of surfactants for food & beverages, pharmaceuticals, and cosmetics. Additionally, this kind of surfactants have a bulky hydrophilic group which does not irritate the skin. They are also used as foam stabilizers in personal care products such as soap, and shampoos.

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On the basis of application, the Non-Ionic Surfactant Market is segmented into cleaners, emulsion, additives, and others. The largest application market for Non-Ionic Surfactants is as cleaners, especially as household cleaning detergents followed by industrial cleaners. Furthermore, the household detergent market includes laundry detergents, dishwasher detergents, pre-spotters laundry, carpet cleaners and fabric softeners. This market consumes almost half of the total Non-Ionic Surfactant demand. Surfactants in dishwasher detergents are used for wetting surfaces to help soil removal.

On the basis of end use industry, the Non-Ionic Surfactant Market is segmented into food & beverages, paint & coatings, oilfield, textiles, personal care, household, and others. Among all industries, household has occupied the highest market share, especially in Asia Pacific region. Household laundry cleaners have an active history of change, and the function of non-ionic surfactants has changed in the process. The personal care market includes bubble baths, body washers, hand soaps and cleaners, shaving products, hair shampoos and oral care products. The increasing demand of non-ionic surfactant in various industries such as food & beverages, paint & coatings, oilfield, textiles, personal care, household, and others.

Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in Non-Ionic Surfactants Market growth. Increasing purchasing power of the growing middle class especially in household, and personal care industry is reason to drive the non-ionic surfactants market in this region, followed by North America. North America holds the second position for non-ionic surfactants market and is another profitable market in terms of value and volume after APAC. UK, Canada, and United Mexican States led the demand for Non-Ionic Surfactants in this region. Europe accounted for the third largest share in the Global Non-Ionic Surfactants Market in 2016. On the other hand, Latin America, Middle East & Africa is another growing market for Non-Ionic Surfactants and likely to show better growth rate over the forecast period.

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Thursday 5 October 2017

Micro Reactor Technology Market is expected to growth at a CAGR of 19.05% during the forecasted period from 2016 to 2022

Market Synopsis of Global Micro Reactor Technology Market
Micro reactors are the small scale continuous flow reactors used for the chemical synthesis, material synthesis and process analysis. Micro reactors are used in order to provide higher surface to volume ratio for the chemical reactions. The higher surface to volume ratio delivers higher stability, efficient heat transfer, and low risk for the explosive and hazardous reactions.

The need for Micro Reactor Technology (MRT) is gradually rising owing to factors such as, increasing demand of 3-d printed micro reactor owing to its relative affordability and high designing capability, growing nano pharmaceutics market driving MRT application in pharmaceuticals industry, increasing regulations and rising safety concerns in chemical industry affecting the micro reactor technology market in a constructive manner among others. According to MRFR analysis, the Global Micro Reactor Technology Market was valued at USD 32,456 million in 2015 and is expected to reach USD 1, 08,927.1 million by 2022 expanding with a CAGR of 19.05%.

Market Highlights:
Micro reactors are the small scale continuous flow reactors used for the chemical synthesis, material synthesis and process analysis. Micro reactors are used in order to provide higher surface to volume ratio for the chemical reactions. The higher surface to volume ratio delivers higher stability, efficient heat transfer, and low risk for the explosive and hazardous reactions. As per the analysis, global demand for micro reactor technology is gradually rising due to major driving factor such as increasing demand of 3-d printed micro reactor owing to its relative affordability and high designing capability, increasing regulations and rising safety concerns in chemical industry and others.

Market Segmentation Analysis:
The Global Micro Reactor Technology Market has been segmented into types, applications and end users. Among types the market is segmented into disposable and reusable, whereas the applications have been segmented into chemical synthesis, polymer synthesis, process analysis, material analysis and others. End Users of the micro reactor technology are specialty chemicals, pharmaceuticals, commodity chemicals and others. Among the types, disposable has accounted the largest market share in 2015, whereas chemical synthesis has become the leading application segment. On the basis of end user, specialty chemicals accounted the largest market share in 2015.

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Regional Analysis:
Geographically, the Global Micro Reactor Technology Market has been divided into five major region such as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Among these regions, North America has emerged as one of the leading market followed by Europe and Asia-Pacific. North American market is one of the most attractive market for micro reactor technology which has directly created a positive impact on the MRT manufacturers and persuade them to increase the installation capacity to meet the future demand. The North America market for Micro Reactor Technology is expected to reach USD 40,574 million by 2022 with a growing CAGR of 18.66%.

In North America, United States accounted the largest market share of more than 80% in 2015 owing to the driving factor such as increasing demand of 3-d printed micro reactor owing to its relative affordability and high designing capability, growing application segment and increasing demand from end use industries. Moreover, the technological advancements and growing nano pharmaceutils market is driving MRT application in pharmaceuticals industry. As the pharmaceutical markets is becoming mature in the matured economies across the globe, more opportunities are visible in the Nano-pharmaceutics market. The micro reactor technology market growth in the pharmaceutical industry is mainly driven by growing Nano pharmaceutics market. As per MRFR analysis, the Global Nano Medicine Market is estimated to reach USD 100 Bn in 2016 and corresponds to very niche share in the overall pharmaceutical industry. Moreover, Drug Delivery System (DDS) is the prominent application of MRT in Nano pharmaceutics. Canada is the second leading market in North America Micro Reactor Technology Market.

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Benzaldehyde Market is expected to grow at a CAGR of 3.5 % from 2016 to 2022

Market Synopsis of Global Benzaldehyde Market:
Global Benzaldehyde Market was valued at USD 225.0 million in 2015 and is expected to reach USD 282.7 million by the end of 2022, expanding at a CAGR of 3.5 % from 2016 to 2022. Benzaldehyde is an aldehyde, also known as benzenecarboxy aldehyde and benzoic aldehyde. Benzaldehyde is colorless in appearance and have a pleasant odor, widely used in synthesis of various aromatic chemicals and as additives. Benzaldehyde is traditionally manufactured by the chlorination of toluene, however, it is not regarded as safe for use in food industries, due to the presence of chlorine traces. Hence, Benzaldehyde manufactured by toluene oxidation process is gaining popularity across industries, prominently among the food & beverage manufacturers. Aroma chemical industries are the prominent end-user of Benzaldehyde, followed by pharmaceutical and agrochemical industries.

Market Highlights:
The Global Benzaldehyde Market has been evaluated to be rapidly growing and is expected to grow further.  . Benzaldehyde is a colorless liquid with almond fragrance as it can be extracted from cherry stone and almond using enzyme. Benzaldehyde is produced by oxidation of toluene or by treating benzal chloride with alkali. Air oxidation of toluene uses liquid phase process to extract synthetic Benzaldehyde. With increase usage of Benzaldehyde in pharmaceutical, aroma chemicals and agrochemical industries the Benzaldehyde market is growing further. Aroma chemicals have the largest share in the market. Moreover, increase in demand of cosmetics, perfumes and personal care products is expected to boost the market of aroma chemical. Agrochemical have the second largest market due to increase in demand for pesticide and herbicides in agriculture. Other industries like pharmaceuticals and dye & coating are exhibiting higher demand in coming years.

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Based on derivatives, benzoic acid has the largest market share; it is largely used in food and agriculture industry. These industries are expected to grow in further due to rise in consumption rate and growing population. Increase in demand for personal care products, perfumes and cosmetics are ultimately increasing the demand for Benzaldehyde as it adds fragrance to the above mentioned product type. Benzaldehyde also acts as stabilizer and sweetener in food industry. Wide variety usage of Benzaldehyde will increase its market in the future.

Since Benzaldehyde is used as a flavoring agent, it is best used as an aroma chemical. Food and Drug Administration (FDA) has also approved Benzaldehyde as a synthetic flavoring substance which is safe to be used in food and agrochemicals products. The growing economy of Asia-Pacific region such as India and China are adding to the growth of the Benzaldehyde market growth. Growing end-user industries, improving infrastructure and other wide usage of Benzaldehyde will further add to the growth of the Global Benzaldehyde Market. Government regulation regarding the usage of chemicals in particular industries will hamper this market. North America is expected to contribute greatly to the growth of the above mentioned market due to steady use of Benzaldehyde and saturation in various industries. In Europe the market for Benzaldehyde is expected to grow slowly due to use of certain chemicals in industries is prohibited by the government.
Test the market data and market information presented through more than 50 market data tables and figures spread over 85 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Benzaldehyde Market Research Report –Global Forecast to 2022.

Market Dynamics:
The Global Benzaldehyde Market is expected to register steady growth of 3.5% over the forecast period. The prominent factors fuelling the growth of Global Benzaldehyde Market are, rise in demand among the aromatic chemical manufacturers along with the growth in aromatic chemicals market, increasing demand for Benzaldehyde as an active pharmaceutical ingredient (API) in the pharmaceutical industries. Agrochemicals industry being one of the key consumers of Benzaldehyde in the developing markets is further expected to augment the demand for Benzaldehyde. Apart from the above mentioned factors, demand for food grade Benzaldehyde obtained from toluene oxidation process in food and beverage industry. Furthermore, consumption of Benzaldehyde in manufacturing of dyestuff, flavors and fragrances is propelling the demand for Benzaldehyde, which in turn is adding value to the Global Benzaldehyde Market. However, the crude oil price fluctuations leading to the volatility of raw material prices for Benzaldehyde manufacturing and federal regulations associated with manufacturing and consumption of Benzaldehyde, emergence of small players leading to competitive pricing are some of the restraining factors identified in the Global Benzaldehyde Market.

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Coated Abrasives Market is projected to exhibit a healthy CAGR of 6.3% during the forecast period 2016-2022

Market Scenario:
Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. Abrasives are divided into three main categories, bonded abrasives, coated abrasives, and super abrasives. Coated Abrasives are abrasives, which consist of an abrasive grain fixed into a backing material or substrate generally made of paper, cloth, vulcanized rubber, and polyester film. The most commonly used coated abrasives grains are aluminium oxide, silicon carbide, zirconia alumina, ceramic alumina, garnet, and emery. Coated Abrasives are available in different product forms such as belts, rolls, discs and wheels.

The Global Coated Abrasives Market accounts for more than one-third share of the multibillion abrasives industry, with application across an array of industries such as, metal works, wood works, and automotive among others. Some of the significant factors identified in the market fuelling growth includes, significant spending on abrasives in the metalworking industry, rebound in the automotive sales, thus, augmented demand for coated abrasives among automotive OEMs for applications such as, cutting, grinding and polishing. Growth in furniture industry coupled with regained stability of housing market in developed markets and increasing construction activities in developing market to augment demand for coated abrasives globally. The Global Coated Abrasives Market is foreseen to grow substantially during the forecast period. According to MRFR analysis, the Global Coated Abrasives Market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022, expanding at a CAGR of 6.3%.

Market Highlights:
Coated Abrasives are abrasives, which consist of an abrasive grain fixed into a backing material or substrate generally made of paper, cloth, vulcanized rubber, and polyester film. The most commonly used coated abrasives grains are aluminium oxide, silicon carbide, zirconia alumina, ceramic alumina, garnet, and emery. Coated Abrasives are available in different product forms such as belts, rolls, discs and wheels. Some of the prominent growth factors identified for Coated Abrasive Market includes, augmented demand from metalworking industry for versatile applications coupled with significant spending on abrasives in the metalworking industry, surge in automotive production, and demand for innovative abrasive products in electronics & semiconductor.

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Segment Analysis:
Global Coated Abrasives Market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the Global Coated Abrasives Market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.

Traditionally, natural abrasive grains such as emery and garnet were used, however, with rapid industrial growth the demand for superior quality abrasives also increased, thus, synthetic abrasive grains such as aluminium oxide, silicon carbide, and zirconia alumina among other synthetic abrasive grains came into existence. Synthetic coated abrasives have numerous advantages over the traditionally used Coated Abrasives such as, durability, strength and productivity among others. Thus, owing to the advantages of synthetic Coated Abrasives and the increasing demand for innovative products from the end-use industries. As per analysis, aluminium oxide and silicon carbide accounts for more than half of the value share in the Global Coated Abrasives Market. Collectively, these segments account for nearly 70% of the value share in the total revenue generated by Coated Abrasives Market.

Based on the applications segment, the metalworking and woodworking segment is estimated to be the dominating segments throughout the forecast period, owing to the significant spending on abrasives in the metalworking industry coupled with its increasing consumption in versatile metalworking applications. On the plus side the furniture market growth and rebound in construction activities across the developed market and rapid urbanization in the developing market has been bolstering factor for woodworking industry, which in turn is increasing the consumption of coated abrasives in the woodworking industry. Apart from the above mentioned applications, consumption of Coated Abrasives in the automotive and electronic & semiconductor industries will witness healthy growth with an increasing production of automotive coupled with increasing demand for innovative abrasive products in the electronic & semiconductor industry.

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Waterborne Acrylic Coatings Market is expected to grow at 5.77% CAGR to reach USD 61.3 billion by the end of 2023

Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Waterborne Acrylic Coatings Market was valued at USD 41.7 billion in 2016 and is expected to grow at 5.77% CAGR to reach USD 61.3 billion by the end of 2023. Waterborne Acrylic Coatings are gaining traction across the global owing to its various advantages over solvent borne coatings such as good resistance to heat and abrasion, low flammability, and excellent adhesion among others. Moreover, less amount of coating material is required for the surface treatment of a desired surface as compared to solvent based coatings. Besides, the environmental feasibility of waterborne acrylic coatings over the solvent based coatings, which is highly regulated and restricted in the developed markets will be a significant factor driving the market for Global Waterborne Acrylic Coatings.

Segment Analysis:
The Global Waterborne Acrylic Coating Market is segmented on the basis of applications, end use and region. On the basis of applications, Global Waterborne Acrylic Coating Market is segmented into construction material, architectural wood, automotive OEM, automotive aftermarket, metal packing, and protective coatings among others. Based on the end use industry, the Global Waterborne Acrylic Coatings Market is divided into building & construction, automotive, woodworking, packaging, and general industries among others.

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The various applications of Waterborne Acrylic Coatings discussed in the report includes construction material, architectural wood, automotive OEM, automotive aftermarket, metal packing, and protective coatings among others. As an application, the construction material and architectural wood segments accounted for the largest market share in the Global Waterborne Acrylic Coatings Market followed by the automotive OEM and aftermarket. Rapid infrastructural developments and increasing demand for passenger cars among the middle class population in the developing regions are some of the market impetus factors driving the consumption of waterborne acrylic coatings in the developing markets, whereas, stringent legislations on VOCs from coatings is driving the demand for Waterborne Acrylic Coating in the developed markets. Cumulatively, the construction material and architectural wood segments was valued at USD 31.8 billion in 2016.

Regional Analysis:
Geographically, the global market for Waterborne Acrylic Coating is divided into five main regions namely — North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among the aforementioned regions Asia pacific dominated the market in terms of volume and value. The regional market trends substantiating the growth of Waterborne Acrylic Coatings in the region includes the immense infrastructural developments in the region, which in turn is witnessing considerable demand for Waterborne Acrylic Coatings in the construction activities. Furthermore, the rapid urbanization in the region is considered to have a positive impact on the overall Waterborne Acrylic Coatings Market in the region. Also, penetration of waterborne acrylic coatings into different industrial sectors is anticipated to boost the demand further, for instance, the increasing consumption of Waterborne Acrylic Coatings in the overall automotive sector i.e., OEM and Aftermarket of the Asia Pacific region is further anticipated to offer lucrative opportunities in the market. A similar trend has been observed in other developing markets such as Latin America and Middle East & Africa.

Waterborne Acrylic Coatings Market in the developed markets like North America and Europe is projected to grow moderately during the forecast period at CAGR of nearly 5.5%. North America is the second largest market for Waterborne Acrylic Coatings in the global market which is followed by Europe. Waterborne Acrylic Coatings demand in the latter regions is primarily attributed towards the regaining pace of construction industry in the region after the economic crisis which had an adverse effect on the construction industry. Also, the automotive industry witnessed an increased production with declining crude oil prices in the recent past. Collectively, these factors are primarily driving the waterborne acrylic coating in the region. Apart from these factors, strict environmental regulations allied with the emission of VOCs in the regions is recognized as an imperative factor.

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