Tuesday 31 July 2018

U.S. Tile Adhesive Market 2018 | Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2023

U.S. Tile Adhesive Market – Overview: 

Tile Adhesive is a non-metallic substance which is able to join two substrates using adhesion mechanisms (developed between the adhesive and substrate) and cohesive mechanism (developed within the adhesive itself). They have ultimate flexibility, high bond strength, shock & impact and chemical resistance. Tile adhesives are used to install tiles in residential and commercial buildings on floors or on walls. The U.S. Tile Adhesive Market is expected grow substantially and register a healthy CAGR during the anticipated period (2017 – 2023). The need for Tile Adhesive in US is gradually rising owing to factors such as, growing demand of ceramic and thin porcelain decorative tiles, increase in residential housing projects and boom in non-residential projects. US tile adhesive market is estimated to witness high demand in near future. On the basis of type, cementicious tile adhesive accounted the largest market value share in 2016, the segment is anticipated to grow at highest CAGR due to its modified properties and low price in comparison to other adhesives. Cementicious adhesive segment is followed by dispersion adhesive and reaction resin adhesive. On basis of end user, residential segment accounted for largest market share of 54.9%, the segment is anticipated to grow at healthy CAGR during the forecast period due to increase in residential construction activities.

However, lower profit margins due to the usage of low-cost chemicals may restrain the market in future. 

Competitive Landscape: 

In competitive landscape, the MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the U.S. Tile Adhesive Market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to growing demand of tile adhesive in Asia Pacific region, the manufacturers in European region are using acquisition strategy in the Asia Pacific and U.S. market. 

Industry/ Innovation/ Related News: 

January 2017 – ADREX has expanded its manufacturing operations in Thailand earlier this year. The production capacity of newly started factory is 15,000 tons, wherein the primary focus will be the manufacturing of high-quality ARDEX Flooring and Tiling products. The expansion has been done in order to address the demand of tile adhesive in Asia Pacific region. 

February 2017 – BASF launched MasterTile® tile adhesives production in Russia. The range of MasterTile® products includes five adhesives: MasterTile 404, MasterTile 414, MasterTile 415, MasterTile FLX 23, MasterTile FLX 24. The adhesives’ formulations have been developed in line with GOST R 56387-2015 Russian national standard, and EN 12004 European regulations, which regulate the adhesion strength. The new product launch strategy would help BASF to dominate in Europe tile adhesive market. 

March 2017 – Saint-Gobain, through the mortars activity (Saint-Gobain Weber), acquired 100% of Buildezee Adhesives Botswana (PTY) Ltd, a leading manufacturer of tile adhesives and grouts in Botswana. The acquisition has been done in order to expand the tile adhesive operation in the region in order to address the forthcoming demand. 

April-2016 – EVO-STIK has launched a new, white floor and wall tile adhesive, ideal for use with ceramic, stone and porcelain tiles with no risk of show through. Setting in as little as two hours, the cement-based adhesive can be used to fix tiles to a range of materials including wood, concrete and plaster. The innovative solution in tile adhesive market by EVO-STIK would help it to attract the consumers in the market. 

April-2016 – Consumer products giant Henkel has acquired tile adhesives business and associated brands of Columbian wall and floor coverings manufacturer Alfagres for $19 million. The acquisition includes Alfagres’s key brands Alfalisto and Pegalisto. With this acquisition, Henkel expects to expand its portfolio in emerging markets and strengthen its adhesive technologies business in Colombia.

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Sodium Percarbonate Market 2018 | Challenges, Key Players, Development, Opportunities, Forecast Report 2023

Synopsis of Sodium Percarbonate: 

Sodium Percarbonate is adduct of hydrogen peroxide and Sodium Carbonate in the form of a highly concentrated crystalline powder, mainly used for the cleaning purpose. It is a colorless, hygroscopic, and water soluble solid with chemical formula (2Na2CO3 · 3 H2O2). It is available in coated, uncoated, and tablet form. As it possess characteristics of hydrogen peroxide and Sodium Carbonate, it finds wide application scope as a detergent, cleaning agent, bleaching agent, and is also used in water treatment in numerous end use industries such as household cleaning, laundry, industrial cleaning, textile industry, papermaking industry, and food industry among others.

As per MRFR’s Analysis, some of the market factors and trends identified in the Global Sodium Percarbonate Market include growth of papermaking sector, increasing demand for Sodium Percarbonate based products, and favorable government regulations. Increasing population, coupled with rising per capita disposable income is expected to propel the growth of the market over the forecast period. Sodium Percarbonate is widely used as a bleaching agent in textile industry. Growing purchasing power coupled with increasing demand for latest fashionable clothing is expected to fuel the growth of the market during the review period, 2016-2023. However, rising consumer awareness regarding the toxicity level associated with these, is expected to hinder market growth over the forecast period. With the aforementioned reasons, this market is estimated to reach USD 1981.2 million by 2023 with a CAGR of 8.24 % during the assessment period. 

Global SPC Market   – Segments 

MRFR has segmented the market into four key dynamics. 

By Types: ComprisesCoated, Uncoated, and Tablet 

By Applications:  Cleaning Agent, Detergent Agent, Bleaching Agent, and Water Treatment, among others. 

By End-Use:  Laundry, Household Cleaning, Industrial Cleaning, Chemical Industry, Textile Industry, Papermaking Industry, and Food Industry, among others. 

By Regions:  North America, Europe, APAC and Rest of the World. 

Segment Detergent Agent accounts for the leading segment by application with 48% of market share. The segment is projected to register 11.08 %CAGR over the forecast period. 

Key Findings: 

Global Sodium Percarbonate Market is projected to reach USD 1981.2 million by 2023, expanding at a CAGR of 8.24% over the forecast period of 2017 to 2023. Europe accounted for largest share of around 41% due to largest production of Sodium Percarbonate in this region. Moreover, the region will be surpassing its own numbers of regional shares over the forecast period, owing to consistent increasing production of Sodium Percarbonate in this region. Germany and UK are the major growth driving country in Europe region and accounted for 34% and 21% of the regional market shares respectively while growing at highest CAGR of 8.46% and 8.29%. 

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Acrylic Protective Coating Market 2018 | Global Industry Share, Segments & Key Drivers, 2023

Industry Overview

The Global Acrylic Protective Coatings Market size is predicted to reach USD 23 Mn by 2023, as per a new insightful report by Market Research Future (MRFR). It is expected to grow at a remarkable CAGR from 2016 to 2023 (forecast period). Acrylic protective coatings exhibit properties such as weather resistance, gloss, superior finish, and hardness. These can considerably increase the life of objects upon application. They are able to resist abrasion and adhesion. Popularity of these coatings in the automotive sector can purportedly influence market demand during the forecast period.

Drivers and Restraints

Need for protective coating on tools and equipment is the major driving factor of the market. Demand in various industries to prevent corrosion of machines is expected to propel market demand over the forecast period. Protection from wear and tear and long lifespan of equipment can spur market growth. Rising costs of raw materials and stringent regulations related to volatile organic compounds (VOCs) emissions can hamper market growth.

Industry News

Wacker Chemie AG has developed a wood coating, SILRES WH, for wooden structures. The coating can resist temperate weather conditions and absorb as minimal water as possible. It can prevent the growth of fungicides and biocides.

Development of 2K protective coatings for cars to preserve their sheen is anticipated to bode well for the market. In 2018, BASF and Sirrius have decided to partner to develop high-performance automotive coatings. Regulations in the automotive sector pertaining to energy requirements and carbon footprint are expected to propel demand for these coatings in the coming years.

Competition Outlook

Noteworthy players include Wacker Chemie AG, The Valspar Corporation, PPG Industries, SIKA AG, and Dunn-Edwards Corporation. Expansion tactics and development of new products are strategies being implemented by these players to maintain their position in the market. Acquisitions are being used to acquire smaller companies and increase the current product offerings.

Segmentation Analysis

The Acrylic Protective Coatings Market is segmented by type, end-user, and region. By type, the market is segmented into waterborne thermosetting enamels, thermosetting acrylic coating, and thermoplastic waterborne acrylic latex. The thermosetting acrylic coating segment is anticipated to gain the lion’s share of the market in the forthcoming years. The waterborne thermosetting enamels segment is touted to generate significant market revenue by 2023 due to various products launched in the market to prevent damage to products fabricated from wooden, plastic, and composite materials.

End-users of these coatings include marine, industrial, automotive, aerospace, building & construction, and others. The industrial segment is touted to be the biggest end-user of the acrylic protective coating market by 2023. The building and construction application segment can generate demand due to rise in infrastructural and renovation projects.

Regional Analysis

Geographically, the market covers regions such as Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and Middle East & Africa (MEA).

The APAC region is expected to lead due to increased government funding for marines and infrastructural projects. Heavy influx of capital by private and public sectors in Japan and China is projected to influence market demand in the coming years. In addition, automobile players expanding in the region is expected to be a major gamechanger for the market. Strong economic growth rates of developing nations can bolster market demand.

The North America region is the second-largest user base of acrylic protective coatings due to well-performing sectors in the U.S. Aerospace, automotive, and reconstruction are sectors expected to propel regional revenues over the forecast period. Non-residential infrastructural projects are expected to induce market demand till 2023.

The Europe market is anticipated a windfall owing to emphasis on VOC-free coatings in Germany and France.

The LATAM and MEA market together can contribute to overall market revenue due to the burgeoning construction sector in these regions.

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Monday 30 July 2018

Recycled PET Market 2018 | Global Size, Segments, Growth and Trends by Forecast to 2023

Market Synopsis:      
The demand for plastics is growing from numerous industries such as packaging, pharmaceutical, beverage, textile fiber, consumer goods, and construction, which is expected to propel the growth prospects of the recycled plastics market across the globe. Plastic has become one of the essential components of our life without which there will be some complications to experience, but it is produced from non-renewable resources such as petroleum. Thus, the cost of plastic material depends on the oil prices. Among all types of plastic resins, polyethylene terephthalate (PET) is most widely used across various industry verticals. Globally, in 2015, around 26.2 million tons of PET is used in packing and 20.5 million tons is used in bottles only. 

PET is the most recycled plastic packaging material. The PET trade association stated that 1.8 million tons of PET bottles and containers were collected for recycling across Europe in 2015, with an increase of 5% compared to the previous year. It is expected that the demand for plastic recycling plants in Europe may increase significantly in the years to come. As of now, Europe has almost 1,200 active plastic sorting and recycling plants. In Spain, there isn’t any consumer PET return policy like in the northern EU states and the regulating agencies yet to implement such policies. Most of the plastics end in landfills making the recycling rate low. Whereas, Tax reliefs, and financial assistance from governments in China, India, Indonesia, and Thailand have been driving the recycling of bottles and containers market, which has further prompted the industry development in the Asia Pacific.
Additionally, developed economies of the region such as Japan, South Korea, and Singapore have been widely exporting their post-consumer PET waste to China, which stands as a major recycling center across the globe. 

The recycling process helps to reduce the land pollution taking place which is done by converting the bottles into lower or the same grade type. The global market is segmented based on process (Chemical, Mechanical), application (Beverages, Personal Care, Pharmaceutical, Consumer goods, and others), and geography (The Americas, Europe, Asia-Pacific and RoW). Government, especially in European countries, are banning the landfills of plastic product. This is also one of the factor for growing PET bottle recycling industry. 

Scope of the Report 

This study provides an overview of the Global Recycled PET Market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global recycled PET market by its process, application, and region. 

By Process 
Chemical
Mechanical 

By Application 
Beverages
Personal Care
Pharmaceutical
Consumer goods
Others 

By Region 
North America
Asia Pacific
Europe
Rest of the World 

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Poland Industrial Lubricants Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2018-2023

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.

Key Findings:
The Poland Industrial Lubricants Market is projected to reach USD 195.3 million by 2023 with 3.29% CAGR growth rate during the review period of 2017-2023. In terms of types of industrial lubricants, process oil emerged as the leading segment in 2016 and is expected to continue its dominance over the forecast period. Construction was the largest application owing to the high demand for non-reactive, sustainable and compatible fluids to handle complicated characteristics of varied applications in a safe & efficient manner.

Regional Analysis:
The industrial sector in Poland has performed exceedingly well over the last five years and is expected to witness a growth of 5.3% in industrial output in 2017. The consumption of industrial lubricants is directly related to industrial lubricants market dynamics. The increasing manufacturing activities are poised to surge investments in production machinery, thereby paving growth routes for industrial lubricants. The growing presence of buyers along with easy availability of industrial lubricants due to strong supplier and distributor network is expected to maintain competitiveness and serve the easing demand from end-use industries. Companies such as Klüber Lubrication and Nynas AB are actively focusing on product development and new product launches in order to capture regional market and deliver high-value products.

Segmentation:
Poland Industrial Lubricants Market is segmented on the basis of type and end-user. On the basis of type, market is segmented into process oils, hydraulic fluids, gear lubricants, compressor lubricants, turbine lubricants, metalworking fluids, industrial engine oils, and others. By end use, the market is segmented into automotive manufacturing, power generation, process industry, food & beverages, mining, rail, construction, and others.

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Isononanol Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Isononanol (INA), also known as Isononyl Alcohol, is a casual name of mixture of isomeric chemical compounds. The group mainly consist of primary alcohols and the exact composition of these chemicals is varying depending upon the starting material. It’s a branched chain fatty alcohol with nine carbon atoms. The compound occurs in the form of liquid with colorless to slightly yellowish appearance. The compound naturally occurs in the orange oil and is used to manufacture artificial lemon oil. The primary use of Isononanol is for manufacturing plasticizers, various esters of nonanol, such as Nonyl Acetate, which are used in perfumery and flavors. Isononanol is an organic solvent that exhibits miscibility in nearly all organic solvents and low water solubility. The major and foremost use of Isononanol is as a raw material for manufacturing plasticizers. There are diverse fields wherein INA finds its applications. It includes chemicals, personal care, agrochemicals, apparel and footwear among others. 

The major applications of Isononanol is as raw material in manufacturing plasticizers. Plasticizers are one of the key component in chemical industries, especially in plastic industry. The Global Plastic Market is stimulated to grow at higher CAGR of ~8%, during the forecast period, which may fuel the demand for Isosnonanol. In addition to this, the global plasticizers market is flourishing on account of growing demand of polyvinylchloride (PVC). It has been estimated that the Global Plasticizer Market would reach ~USD 19 billion by the end of 2023 which is anticipated to drive the demand of Isononanol owing to its maximum consumption in the manufacturing of plasticizes. Increasing standard of living of people around the world is incentivizing them to spend on secondary needs such as cosmetics and personal care, which in turn is expected to push the growth of the Global Isononanol Market.  With an extended performance Isononanol is used in construction and electrical industry, which is growing at significantly higher CAGR to help push the demand of Isinonanol in its global market. However, the environmental concerns are driving authorities to establish laws and regulations to control its use. In addition to this, Isononanol is needed to be handled with care generally and especially its while transportation due to the formation of flammable vapors on stirring. Nevertheless, with advanced safety measures and methods in place, this restraint can be mitigated in coming years. 

Regional Analysis: 
The Global Isononanol Market is divided into five key regions including, Asia Pacific, Europe, North America Latin America, and Middle East & Africa. Asia Pacific, Europe, and North America are the major regions in the Global Isononanol Market. Among these three major regions, Asia Pacific is the largest region due to the growing chemicals and plastic industry in the region. India and China are the major markets in this region on account of the presence of major end use industries. Europe is the second most significant region is the Global Isononanol Market. Countries namely, Germany, U.K., and Belgium are the key contributors to the regional market owing to the growing demand of Isononanol by end use industries such as chemicals, agrochemicals and plastic industry. North America is closely following Europe in terms of size of 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. Latin America holds a comparatively smaller share in the Global Isononanol Market. In coming years, Latin America is anticipated to grow at significant CAGR in coming years on account of growing end use industries such as chemicals and plastics in this region. The Middle East and Africa would join hands with the leading regions in the Global Isononanol Market owing to the vast investment potential and growth opportunities in end use industries such as chemicals and construction. 

Segmentation: 
The Global Isononanol Market is segmented on the basis of application, end use industry and region. Based on application, the market is divided into plasticizer, catalyst, solvent, mining additive, and others. On the basis of end use industry, the Global Isononanol Market is segmented into Chemicals, plastics, agrochemicals, household & personal care, apparel & footwear, building & construction, paints & coatings, and others. Geographically, the Global Isononanol Market is divided into five key regions: Asia Pacific, Europe, and North America, Latin America, and Middle East & Africa. 

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Sunday 29 July 2018

Nickel Hydroxide Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2018-2021

Market Synopsis of Nickel Hydroxide Market

This report states that the Global Nickel Hydroxide Market has seen a positive growth in the past few years and it is estimated that the market will grow significantly in near future. Nickel hydroxide is an integral chemical compound which is mostly used batteries manufacturing. As per the report, it has been analyzed that increasing demand for batteries will simultaneously increase the demand for nickel hydroxide. From the application segment, the mid-high rate batteries has accounted the largest share in 2016 followed by pocket batteries. Geographically, China ranks top in productions and capacity.

Key Players

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Nickel Hydroxide Market: Norilsk Nickel, Sumitomo Metal Mining Co., Ltd, ERAMET, Tanaka Chemical Corporation.

Other Prominent Vendors in the market are: Jiangmen chancsun Umicore Industry Co., Ltd, Henan Kelong New Energy Co., Ltd, Jilin Jien Nickel Industry Co., LTD, ALT Cobalt & Nickel Products (Dalian) Co., Ltd and others.

The Nickel Hydroxide Market has experienced a prospective growth in the past few years and it is predicted that the market will grow significantly in near future. Nickel Hydroxide is a primary chemical compound which is mostly used batteries manufacturing. As per the report, it has been analyzed that increasing demand for batteries will simultaneously increase the demand for Nickel Hydroxide. From the application segment, the mid-high rate batteries has accounted the largest share in 2016 followed by pocket batteries. Geographically, China ranks top in productions and capacity.”

Further the report states that China holds the leading position in terms of production, consumption and capacity with a market share of 42.10% followed by Europe. Due to the huge customer base of batteries, the manufacturer has got an ample opportunity to cover the global market by increasing their production capacity.

In this report it has been also analyzed that Nickel Hydroxide plays dynamic role in the Ni based cadmium batteries which have long service life. Currently, demand for Ni-CD batteries is growing at a higher pace than in the past few years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information.

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Bio-Lubricants Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2022

Market Research Future (MRFR) has recently published a report forecasting the Global Bio-Lubricants Market to reach higher verticals with a CAGR of 7.2% during the years 2016 to 2022 (forecast period). Lubricants are used for the lubrication of machineries and mechanical components. The extensive usage of conventional mineral oils and petroleum based lubricants is causing adverse effects on the environment leading to the exigency of Bio-Lubricants to replace these hazardous products. 

The augmentation of industrialization on the global scale is driving the increased demand of environmentally safe lubricants in the market. The introduction of advanced production process and alignment with the evolving technology is exhibiting a positive impact over the global bio-lubricant market. Bio-Lubricants or bio-lubes are plant based oils which are generally produced using raw materials such as rapeseed oil, palm oil, sunflower oil, coconut oil, animal fats, etc. Owing to their non-toxicity, biodegradability, high flash point, and high stability, Bio-Lubricants are considered to be a relatively safer option over the conventional petroleum based lubricants. The consistently growing environmental concerns regarding the use of hazardous petroleum-based lubricants is increasing the demand of ecofriendly solutions. 

The environmental issues linked with the usage of these petroleum product and the geopolitical strategies involving the crude oil manipulation are acting as primary driving forces for the Global Bio-Lubricants Market. Bio-Lubricants are being extensively used in construction industry, automotive industry and many other industries as the demand for eco-friendly products to avoid the damage caused to the environment is sky-rocketing day by day. On the flip side, the price of Bio-Lubricants, which is relatively higher than the conventional petroleum based lubricants, is acting as one of the major restrains on the growth of Global Bio-Lubricants Market. But due to the stringent environmental regulations and growing demand of environmental friendly solutions, the companies in the market are aiming towards availing alternative, cost effective and efficient products leading to the escalation of Global Bio-Lubricant Market.   

Global Bio-lubricants Market Segmentation: 

The Global Bio-Lubricants Market has been segmented on the basis of type, application, end-user and region. On the basis of type, the market is segmented into animal oil, edible and non-edible oil. By application, the market is segmented into engine oils, greases, automotive, process oils, chainsaw oils, metal working and fluids. On the basis of end-users, it is segmented into automotive industry, construction, commercial transport and others. On the basis of region, the Global Bio-Lubricant Market is segmented into North America, Europe, Asia Pacific and the rest of the world. 

Competitive Analysis: 

With the inclusion of advanced and efficient products and the entry of new players in the market, a trend of extensive growth has been observed in the Global Bio-Lubricants Market. The key players in the Global Bio-Lubricants Market are Royal Dutch Shell PLC, Total S.A, Chevron Corporation, Exxon Mobil, Kluber Lubrication München Se & Co., Albemarle Corporation, Emery Oleochemicals, Panolin AG, Binol Bio Lubricants, Castrol and others.  

Regional Analysis:

The consumption of Bio-Lubricants is strongly tilted towards the developed region of the world. The stringent environmental regulations in North America and Europe is acting as a major driving factor for the Global Bio-Lubricants Market in this region as it is pushing the use of bio-lubricants in marine, agriculture and other industries. Currently, the Global Bio-Lubricant Market is being dominated by North America which is then followed by Europe. Although, the consumption of Bio-Lubricants is comparatively less in the APAC region the emerging economies like China, India and South Korea are contributing heavily to the Global Bio-Lubricant Market due to the growing automotive and construction sector in these regions. 

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Acrylic Protective Coating Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

Acrylic Protective Coating Market- Competitive Landscape 

The Global Acrylic Protective Coating is a highly mature market driven by flourishing growth in building & construction industry, along with the growing transportation sector. PPG Industries, Arkema SA, Wacker Chemie AG, SIKA AG, RPM International Inc. are the substantial manufacturers in this market. Almost all of these market participants are adopting the expansion and product launch tactic of their production capacities to strengthen their market position. Growing manufacturing industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for Acrylic Protective Coating. Considering these trends, the Global Acrylic Protective Coating Market is likely to witness considerable competition over the forecast period of 2017-2023. 

Industry/ Innovation/ Related News: 

July 25, 2016-PPG Industries, Inc. has introduced AQUACRON® 200 Series coating, a waterborne acrylic urethane. The product line is dedicated to an exterior of building products that offers robust protection for wood, fiber glass, plastic, vinyl and composite substrates. The coating also can be formulated with heat-reflective pigments to enhance the durability and appearance of heat-sensitive substrates such as vinyl and polyvinyl chloride (PVC). The development may propel growth in demand for the product in construction sector. 

March 14, 2016- WACKER introduced the new acrylic-ester-based PRIMIS® line to the Middle East region at Middle East Coatings Show 2016.The product comprises binders and additives for advanced, high-value paints and architectural coatings is taking the opportunity of this year’s to the region to PRIMIS® AF 1000, the new line’s first product for outdoor applications, combines organic and mineral components to deliver a binder with a completely novel property profile. This is going to help the company fetch long lasting growth opportunities held by construction industry in this region. 

Acrylic Protective Coating Market–Market Overview 

According to the leading research organizations the Global Protective Coating Market is growing at considerable CAGR to reach ~USD 23 billion by the end of 2023 by expanding at over 10% of CAGR. Growing demand for the product is attributed to rising consumer sentiments in favor of protecting their devices and equipment from damage caused by thermal, corrosive and impact action. The major benefit of such type of protective coating is that it increase the life span and durability of the material or an object. The product find its applications in diverse industries such as building & construction, oil & gas, automotive, marine, aerospace, mining, industrial, and energy sector. The acrylic coating accounts for approximately 25% share of the global paints and coatings market with its share continuously rising over the last decade, which is likely to propel growth of the market during the study period. Scope of the applications in the Global Protective Market is continuously increasing with the flourishing end use industries such as automotive, aerospace, and construction. Need of the protective coating in numerous industrial uses such as coating on tools, equipment, and end decorative is projected to be the major demand driver in the market. In addition to this, the use of acrylic protective coating has increased in number of industrial applications in a bid to protect machineries and equipment which function in harsh environment. This, in turn, is propelling the growth in demand of the product. However the market exhibit some bottlenecks which are needed to be considered, including the stringent regulatory measure put into effect by mature western economies, regarding VOC emissions and the rising costs of raw materials. 

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Thursday 26 July 2018

Pressure Sensitive Adhesives Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Market Scenario 

Pressure Sensitive Adhesives are non-metallic materials used to bond different materials, mainly to their surface through adhesion and cohesion. The global market of Pressure Sensitive Adhesives is booming and is expected to gain prominence over the forecast period. The Global Pressure Sensitive Adhesives Market is forecast to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, digit CAGR of 6.1% during the estimated period (2017 – 2023). 

On the Basis of Regions, Global Pressure Sensitive Adhesives Market has been segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region dominates the Global Pressure Sensitive Adhesives Market. Rapid growth in automotive & packaging industry in Asia Pacific region is the major factor driving the growth of the market. Rising disposable income among individuals and easy availability of funds and personal loans, have prompted the demand for automobiles in the region. Additionally, growing demand in electrical & electronics industry also fuels the growth of the market. China, Japan, India, Australia and Indonesia are the major markets in Asia Pacific region. China accounts for the largest share of the Pressure Sensitive Adhesives in the Asia Pacific, mainly due to rapid growth in urbanization and industrial development. 

North America is the second largest market for the Pressure Sensitive Adhesives. Stringent regulations regarding VOC emission along with fuel efficiency norms, drive the growth of the market in the region. U.S. accounted for the largest market share in North America. Europe is another major market for the Pressure Sensitive Adhesives. It is expected to contribute, significantly, during the forecast period. In rest of the world, countries such as UAE and Brazil are witnessing high industrial growth, which propels the growth of the market. Also, high investments in construction and automotive sectors, boost to the growth of the market. 

Market Research Analysis 

Global Pressure Sensitive Adhesives Market has been segmented based on Technology, Product, End-User, and Region. On the basis of Technology, the market is segmented as Water-based, Solvent-based, Hot Melt, and Radiation. Water-based segment dominates the technology segment of the market. Water-based PSAs are widely used in varied applications. The growth of the segment is mainly attributed to the eco-friendly nature of water-based PSAs, safety associated with their use, and cost-effectiveness. The hot melt segment is expected to be the fastest-growing technology segment of the Pressure Sensitive Adhesives Market. Increasing application of hot melt technology in packaging and electronics industries, drives the growth of the market. 

On the Basis of Product, the market is segmented as labels, tapes, graphics films and others. Labels dominates the product segment of the market and is expected to grow at the fastest CAGR during the forecast period. The growing transportation and logistics industries are the key drivers of pressure sensitive labels market. With the growth of e-commerce industries, there is an increased need for warehousing solution. The need for product authentication, tamper evidence and security features have stimulated the market for pressure sensitive labels. Tapes form another major segment for the pressure sensitive adhesives. Growth in healthcare and medical sectors, is the key driver of pressure sensitive tapes market. Furthermore, the increased application in sectors such as food & beverages, packaging, construction, automotive, has led to the growth pressure sensitive tapes. This segment is expected to contribute significantly during the forecast period. 

Based on End-User, the market has been segmented as packaging, automotive, electrical & electronics industry, consumer Goods and Others. Packaging dominates the end-user segment of the market. Electrical & Electronics industry is expected to grow at the fastest CAGR during the forecast period. Increasing disposable income among the individuals, along with improving living standards, is driving the demand for electronic products, which further propels the growth of the market.

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Phenolic Antioxidant Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

Global Competitive Analysis 

The players of this market are looking to gain an extensive share of the market segment by the successful use of their primary resources to commence expansion changes which is long lasting.  This attitude has set off trends which are related to development which is especially volume driven. This has effectually led to amplification in diverse ranges of product forms. The sector’s extensive change due to the accelerated expansion pace has led to experimentation with many benefit points. The industry’s long term progress can be capitalized upon by constant continuing process improvements and maintaining financial fluidity to invest in the most advantageous strategies when they are on hand.

The vital players in the Global Phenolic Antioxidant Market are DSM (Netherlands), BASF SE (Germany), Sumitomo Chemical Company (Japan), Oxiris Chemicals S. A. (Spain) and Chitec Technology Co., Ltd. 

Industry Updates: 

Feb 2018 SONGWON has in full swing started production of SONGNOX 5650 in Gujarat, India at its Panoli plant to ensure worldwide availability of SONGNOX 5650 to its worldwide markets. The product SONGNOX 5650 is high in molecular weight and is a multifunctional phenolic antioxidant chiefly used as a post- process stabilizer for polymerization of unsaturated elastomers. The company has always placed solid emphasis on dependable supply. This added, in-house manufacturing capacity allows SONGWON to guarantee dependable supply of SONGNOX 5650 internationally. 

Industry Segments 

The international industry for Phenolic Antioxidant is categorized on the base of application, source and region. The source segmentation of the market is into synthetic and natural. The application category of the market includes plastics & rubber, food, cosmetic, pharmaceutical, and lubricant & fuel. The regional division of the phenolic antioxidant market includes Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa. 

Detailed Regional Analysis 

The international Phenolic Antioxidant Industry is segmented into regions such as Latin America, Asia Pacific, Europe, North America and the Middle East & Africa. The Asia Pacific region registered the main market share in the year 2016, and is expected to develop at a maximum CAGR of 5.20% approx during the forecast period. The power of the Asia Pacific region is primarily because of the mounting demand for food from escalating population along with rising use of rubber and plastic in this region. The European region follows Asia Pacific, which is the second major market share and it is anticipated by 2023 to reach USD 420.47 million. Germany is the main market share of the European region and is estimated to remain principal to the region’s growth throughout the forecast period due to better penetration of end user industries in the country. The North American market is a noteworthy region in the global market for Phenolic Antioxidant. It has a considerable market share of 20%, as of the year 2016. The US dictates the North American market‘s share on the basis of volume and value due to growing demand of packaged, preserved and processed food in the country. 

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Diacetone Alcohol Market 2018 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Global Diacetone Alcohol Market Overview

Diacetone Alcohol or DAA, an oxygenated solvent with high solubility property is a derivative of Alcohol with the non-ethanol component. Diacetone Alcohol is prominently used as a solvent in industrial and consumer products for purification process, adhesives, paints, thinners and household cleaners. This is the key factor propelling the market growth and continuing with the same trend; the market will perceive a significant increase.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, continuing with the same trends, the Global Diacetone Alcohol Market is projected to accrue USD 1,594.5 Million by 2023 at a CAGR of 4.85%   during 2017 to 2023. This will be attributed to increased absorption of DAA by the prominent end-use industries. 

Industry/ Innovation/ Related News: 

May 17, 2018 – Arkema S.A., (France) One of the global producers of DAA announced the acquisition of the industrial adhesives business of Nitta-Gelatin Inc. (Japan), one of the leaders in the global gelatin and collagen peptide markets. This is expected to expand Arkema’s industrial adhesives presence in Japan. Through their Joint venture – an adhesives subsidiary – Bostik S.A., Arkema and Nitta operate Bostik-Nitta, which produces industrial adhesives. The Joint venture represents sales of about $35.4 million.

February 21, 2017 – Arkema S.A., announced a price increase of 250 to 300 Euros per ton or as contracts allow for its Diacétone Alcool (DAA), along with some other oxygenated solvents, effective from March 1st 2017.  The company mentions that the higher energy and raw materials costs are the main reasons, the company has taken the decision of this hike. 

Global DAA Market – Regional Analysis 

The Asia Pacific accounted for the leading market in 2016, possessing the largest market share. Retaining its dominance, the region is estimated to register 5.34% CAGR during the review period. Factors such as rapid industrialization and the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and growing exports drive the regional market growth.
North America, accounted for the second largest market, in 2016 and is further expected to reach US$ 331.4 Mn by 2023. The U.S. among the other North American countries, backed by the greater penetration of end-user industries in the country, accounts for the major contributor to the market growth. As the third largest market for Diacetone Alcohol, Europe accounted for of 18% market share in 2016.

Germany dominates the European market share in terms of value and volume due to increasing demand for paints & coatings from both household and automotive industry. The Middle East & Africa and Latin America, regions are estimated to grow at a moderate rate during the forecast period. 

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Wednesday 25 July 2018

Sebacic Acid Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Global Sebacic Acid Market   - Competitive Landscape 

The Global Sebacic Acid Market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market. 

Industry/ Innovation/ Related News: 

April 04, 2018 – Researcher Team at the University of Konstanz (Germany) published their study of a two-step, one-pot process they have developed for the synthesis of benzene from the five-fold unsaturated fatty acid - EPA (eicosapentaenoic acid), a component of microalgae oils.  During the dehydrogenation step under hydrogen pressure, there occurred the formation of their saturated analogues - octanoic acid and sebacic acid. Both are desirable products. 

February 13, 2018 - Sebacic Oman (World’s largest production capacity of Sebacic Acid) announced that plans to build USD 250 mn. Bio-based nylon project (nylon 6-10 and nylon 10-10) as a succeeding integration of its sebacic acid project, soon-to-be-operational in the Duqm free zone, Oman. This is going be the first ever production plant of bio-based nylon in the Middle East and the manufactured nylon will be used in aerospace and engineering polymers. The construction work of the plant is scheduled to start in 2020, and the project is estimated to be completed in 2022. 

Global Sebacic Acid Market   - Segments 

For the convenience of the report and enhanced understanding; MRFR has segmented the analysis into 3 key dynamics: 

By Production Method: Comprising - Castor Oil & Adipic Acid method. 

By Applications: Lubricants, Personal Care & Cosmetics, Greases, Solvents, Plasticizers, Adhesives, Paints & Coatings, Chemical Intermediates, Textiles, Hydraulic Fluids, and Candles among others. 

By Regions: North America, Europe, APAC and Rest of the World. 

Global Sebacic Acid Market – Synopsis 

Sebacic Acid, a dicarboxylic acid generally comes in powdered crystal form or white flake when it’s pure. Derived by the castor oil & adipic acid method Sebacic acid, and its derivatives like azelaic acid & etc. are used in numerous application areas in the industries such as plasticizers, lubricants, hydraulic fluids, cosmetics, & candles among others. Key application areas of Sebacic Acid are aircraft lubricant manufacturing as the synthesis of polyamide alkyd resins and as an intermediate for antiseptics, aromatics, and pant & coating materials.

The versatile Sebacic Acid is non-hazardous, offering various advantages like adaptability and hydrophobicity to the products. That makes it ideal for a wide range of applications. Some of the newly found application areas of Sebacic Acid include solvents, adhesives, personal care & cosmetics, and manufacturing of PVC coatings due to the enhanced temperature resistive abilities.
Attributing to the increasing demand in applications such as personal care and healthcare products textiles, cosmetics, textiles & automotive among others; Sebacic Acid is garnering a huge prominence over the past few years. Burgeoning industries like paints & coatings, automotive, packaging construction, and pharmaceuticals are expected to fuel the market growth further. Rising demand for textiles worldwide is escorting market growth to the ascended heights.

Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to the report, Sebacic Acid Market is expected to grow enormously by 2023, registering a phenomenal CAGR during the anticipated period (2017 – 2023).  Growing nylon industry worldwide is anticipated to bring immense opportunities for this market.
On the other hand, the market is confronted with some of the challenges such as volatility of prices & supply of castor oil as an integral feedstock. Nevertheless, increasing production capacities of castor oil & Sebacic Acid in the Asia Pacific region is expected to propel the industry growth worldwide.

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Lithium Hydroxide Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

Market Overview: 

Lithium Hydroxide is used in a wide variety of applications, as it is capable of offers thermal resistance, durability, and minimal maintenance to the product. Thus, they are used in various applications such as batteries, glass, grease, air conditioning equipment, and others. The Global Lithium Hydroxide Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of metal in batteries, glass, grease, air conditioning equipment, and others. It is estimated that the batteries segment is set to observe the highest CAGR in the market due to the growing use of metal in order to improve the performance and increase the life cycle of the product. Moreover, increasing demand for lightweight materials in glass and ceramics sectors is likely to witness a rapid growth during the forecast period. These factors have led China, India, and Japan to be the major players of this region.

The North American market is expected to grow at a higher CAGR due to extensive consumption of metal in lithium-ion batteries, glass, grease, and others. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for air-conditioning and energy storage systems made from lithium are estimated to drive the market during the forecast period. 

A notable development is achieved in Europe due to the growing demand for the use of light weight metal in batteries, glass, grease, air conditioning equipment segments, and others. The rapid urbanization coupled with technology have propelled the market to witness a higher growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of lithium in major industries. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for lithium hydroxide in smartphones, tablets, iPods and other gadgets. 

Segmentation

The Global Lithium Hydroxide Market is segmented into application and end-use. On the basis of the application, the market is sub-divided into batteries, ceramic glass, lubricant grease, and air-conditioning segments. On the basis of the end-use, the market is further segregated automotive, electrical & electronics, marine, aerospace, and others. 

Competitive Analysis 

Some of the well-known players operating in the Global Lithium Hydroxide Market are Albemarle Corporation (U.S.), SQM (Chile), FMC Lithium (U.S.), Tianqi Lithium Corporation (China), Jiangxi Ganfeng Lithium Co., Ltd. (China), LITHIUM AMERICAS (Canada.), MGX Minerals Inc (Canada), Nemaska Lithium (Canada), Galaxy Resources Limited (Australia), and Wealth Minerals Ltd (Canada), among others. 

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Anti-Tacking Agents Market 2018 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2027

Anti-Tacking Agents Market – Overview 

The burgeoning automotive industry is one of the key drivers of demand for Anti-Tack Agents Market globally. Focused Market reports connected to the chemicals & materials sector among others lately have been made available by Market Research Future which publishes a report on this sector. The industry for Anti-Tack Agents is estimated to develop at a CAGR of more than 4 percent through the forecast period.

Increasing usage of related products has led to the development of the Anti-Tacking Agents Industry. Healthy growth of the end user industries is also fuelling the industry growth to a great extent. Mounting demand experienced for automotive tires is expected to contribute significantly to the sector’s expansion through the forecast period. The escalating growth levels witnessed in the healthcare sector are estimated to further enhance the growth of the market considerably. 

Industry Segments 

The Anti-Tacking Agent Industry is divided on the basis of types and applications.  The various types which are a part of the Anti-Tacking Agents Market comprise of fatty acid esters, stearates, silicone polymers and other. The stearates segment is leading the growth of the market with a sizeable market share followed by the fatty acid esters which also have a significant market share. The segmentation on application basis of the Anti-Tacking Agents comprises of wire and cable, profile and hoses, molded rubber goods, footwear, tires, belting, seals and gaskets. The rubber industry is one of the major markets that consumes Anti-Tacking Agents on a relatively large scale.

Detailed Regional Analysis

The Anti-Tacking Agents Market covers regions such as North America, Asia Pacific, Europe and rest of the world. The Asia-Pacific region has emerged as the global leader in this industry and is followed by the North American region along with other regions. The growth of the industry in this region has been fuelled by the growth of the automobile sector and the healthcare sector. Nations such as India and China which are in the initial stages of development and account for more than 30 percent of population globally are main factors to the development of this industry. The growth in terms of economy has directly resulted in proportional growth of the disposable income levels of the population, which has prompted increased level of spending on personal modes of transportations. This development has thereby positively benefitted the automobile sector which is estimated to be the major market driver for Anti-Tacking Agent Industry.

Global Competitive Analysis

Challengers in the market who are constantly delivering customer value have devised their corporate strategy blueprint in a manner that can bring about the best outcomes for development in the current scenario, while also concurrently enhancing their product’s value. The capability to fuel their competitive edge is one of the chief causes powering their efforts in this period. The opportunity for development in the industry appears to be encouraging through the forecast period. The escalating interest for diversification in the industry, has indirectly allowed the companies to utilize many scenarios available in the industry. This situation has created prospects for portfolio improvements along with diversification in the sector, which has enhanced the scenario for market competitors immensely in this industry. The firms in this industry are also trying to improve and preserve financial liquidity that can be vital to invest in growth prospects as and when they arise.

The industry for Anti-Tacking Agents includes contenders such as Lion Specialty Chemicals Co. Ltd., Schill + Seilacher "Struktol" Gmbh, Stephenson Alkon Solutions, Kettlitz-Chemie Gmbh & Co. Kg, Peter Greven Gmbh & Co. Kg, Fragon Produtos Para Indústria De Borracha, Parabor Brasil, Sasco Chemical Group, Inc., Baerlocher Gmbh, Hans W. Barbe Chemische Erzeugnisse Gmbh, Chem-Trend L.P. And Croda International Plc to name a few.

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Polyvinylidene Fluoride (PVDF) Market 2018 | Growth – Key Futuristic Trends and Competitive Landscape 2023

Polyvinylidene Fluoride (PVDF) Market- Competitive Landscape 

The Global Polyvinylidene Fluoride (PVDF) Industry is one of the rapidly growing market with significant number of major players operating in the market. The prominent factors driving growth of this market is the growing demand for the product from major end users such as electrical & electronics, building & construction, and pharmaceuticals. Collaborations and strategic alliances between market players and high performance properties of PVDF, which are useful in number of emerging industries such as new energy and electronics is projected to fuel the demand for the product during the forecast period. Players in this market adopted various strategies to expand their global footprint and augment their market share. The key strategies followed by most companies in the Global Polyvinylidene Fluoride (PVDF) Market were expansion, merger and agreements.

Arkema, 3M, DAIKIN INDUSTRIES, Ltd, and Solvay S.A are the key shareholders in this market. Most of them are adopting the expansion and collaboration tactic of their production capacities to strengthen their market position. Remarkable growth of end use industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors operating in the Global Polyvinylidene Fluoride (PVDF) Market. Considering these trends, the Global Polyvinylidene Fluoride (PVDF) Market is poised to witness considerable competition over the forecast period of 2017-2023. 

Industry/ Innovation/ Related News: 

October 2017- Arkema Inc. has introduced its Kynar 500® FSF® and Kynar Aquatec® polyvinylidene fluoride resins used in high-performance coatings, along with Bostik’s hurricane-resistant adhesive products, at METALCON 2017. This is expected to fulfil growing need for the PVDF coatings in automotive industry. 

November 7, 2017- The Belgian chemical company, Solvay S.A. has opened a new production facility for its Solef branded polyvinylidene fluoride (PVDF) in China, to meet growing demand for the thermoplastic polymer in energy-efficient, environmental and industrial applications. 

October 2015- Arkema, a specialty chemicals and advanced materials company, based in France introduced the new high performing Kynar Flex® grade for the wire and cable market. This unique grade of fluoropolymer has similar high performance properties to current wire and cable grades, such as chemical resistance, UV resistance, abrasion resistance and low coefficient of static and dynamic friction. 

Polyvinylidene Fluoride (PVDF) Market – Market Overview 

PVDF is an engineered polymer synthesized by polymerization of Vinylidene Difluoride. It is used in numerous applications wherein greater purity, resistance to inorganic and organic solvents, acids and bases are the desired properties. PVDF finds applications into vast number of industries such as chemicals, electronics, new energy, construction, and pharmaceuticals, among others.  Apart from these applications PVDF is significantly used in piping & tubing, sheets & films, membrane, cable, and an insulator for premium wire. The major characteristic feature of PVDF when compared to other Fluoropolymers, such as Polytetrafluoroethylene (Teflon), is a low density and light weight, which makes it useful in construction and automotive sector. The primary factor driving growth of the market is increasing demand for PVDF in vast number of applications in vast end-use industries coupled with rising acceptance of PVDF is a major factor expected to drive growth of the market over the forecast period. Additionally, an increasing demand for lithium-ion batteries, coatings, sheets, and photovoltaic films is an important factor favoring the demand for the product in coming years. However, the threat of substitutes on account of rapid ongoing research in polymeric materials and growing environmental & health concerns regarding the product, which is more likely to invite regulations limiting its production. Nevertheless, rapidly increasing end use in new energy sector is poised to drive the market during the forecast period. 

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Polyurethane Elastomers Market 2018 | Global Growth by Manufacturers, Major Application Analysis & Forecast To 2023

Polyurethane Elastomers Market – Segmentation 

For the convenience of the report and enhanced understanding; MRFR Analysis – Global Polyurethane Elastomers Market is been segmented in to 3 key dynamics. 

By Product Type: Comprises Thermoplastic Elastomer (TPE) & Thermosetting Elastomer (TSE) 

By End Use: Automotive, Building & Construction, Footwear Making, Electrical & Electronics, and others. 

By Regions:  North America, Europe, APAC and Rest of the World. 

Worldwide Polyurethane Elastomers Market – Regional Analysis 

In terms of markets size, the major regions in the Global Polyurethane Elastomer Market are Asia Pacific, North America, and Europe. Other regions include the Middle East & Africa, and Latin America. Asia Pacific is the largest and the fastest growing market for synthetic rubber and it holds over 45% share of the Global Polyurethane Elastomer Market. The region has undertaken expansion of its infrastructural projects and mulling to revive the footwear making industry, which is anticipated to propel the demand for Polyurethane Elastomer in this region. The constant rise of both construction and automotive industry in this region is projected to continue fetching major share of the Polyurethane Elastomer demand in this region. North America is closely following Asia Pacific to be the second most significant region in the Global Polyurethane Elastomer Market. Growing reconstruction activities and increasing demand from automotive industry are driving the growth of the regional Polyurethane Elastomer Market. In the transportation sector, aircraft and automotive industry are the two dominant segments consuming major share of the total demand for Polyurethane Elastomer. Europe is another substantial market in the global Polyurethane Elastomer market. The demand for the material from this region is majorly pulled by automobile industry for making interiors of luxury cars. Other regions in the Global Polyurethane Elastomer Market are the Middle East & Africa and Latin America. Among them the market of Polyurethane Elastomer in the Middle East & Africa is estimated to grow at a considerable CAGR owing to high investment potential and raw material availability. Latin America holds the least share of the Global Polyurethane Elastomer Market, which is expected to witness a significant change in the coming years. 

Global Polyurethane Elastomers Market – Overview 

Polyurethane Elastomers are an artificial or synthetic rubbers based on polymers. The polyurethane elastomers are broadly classified as thermosetting elastomers and thermoplastic elastomer. Majority of the polyurethane elastomers in the market are based on thermosetting polymers. On the other hand, thermoplastic based Polyurethane Elastomers are available in relatively lesser amount, which are suitable for a small range of application.

Advantageous properties exhibited by Polyurethane Elastomer include high durability, impact resistance, soft touch, and clarity. The major uses of Polyurethane Elastomer can be found in the manufacturing of various products such as high resilience foam and insulation panels, gaskets and foam seals, wheels of roller coaster, elevator, shopping carts, automotive suspension bushings, surface coatings, sealants, and hoses. Automotive industry, building & construction industry, and footwear making industry are the major end user industries of the Polyurethane Elastomer.
Accrediting the kind of traction the market is garnering currently demonstrating the growth prospects worldwide, Market Research Future has recently published a study report, which indicates that the Global Polyurethane Elastomers Market is estimated to ascend enormously by 2023 registering a CAGR of 5 % during 2017 to 2023. 

As Polyurethane Elastomer is one of the key components of polyurethane, trends in production and supply of polyurethane is significant for Polyurethane Elastomer Market. The global factors influencing the market of Polyurethane are bound to affect the market of Polyurethane Elastomer equally. As Polyurethane products are used in almost all emerging industries such as automotive, construction and electrical, the demand for Polyurethane Elastomer is steadily heading north. In the past few years, global market for Polyurethane is growing at a high pace due to its greater adaptability and recyclability, which is in favor of sustainability principle. The Global Elastomer Market, wherein Polyurethane Elastomer holds significant share, is expected to grow at a considerable CAGR of ~5% during the forecast period, which is projected to fuel demand for Polyurethane Elastomer in the coming years. The construction activity around the world is driving the demand for the rigid foams, which is expected to help Polyurethane Elastomer Market to grow further. Growing demand for durable and impact resistant materials in automotive and electronic applications would be the key driver of the Polyurethane Elastomer Market during the review period. 

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High Performance Polyamide Market 2018 | Technology, Applications, Growth and Region Forecast 2023

Market Highlights: 

Remarking on this report, an analyst from Market Research Future (MRFR)’s team said, the Global High-Performance Polyamide Market is predicted to grow at a healthy CAGR to reach USD 3,473.00 million by the end of 2023. The changing lifestyle and the demand for highly efficient and lightweight automotive have increased demand for High-Performance Polyamide. Moreover, growing product demand from consumer goods and electrical & electronics industry is another factor driving the market growth. 

Segment Analysis 

The High-Performance Polyamide Market is segmented on the basis of Type, Application and Region. Based on the type, the market is segmented into polyamide 10, polyamide 11, polyamide 12, polyamide 6T, and others. The polyamide 12 type accounted for around 33.50% market share in overall sales revenue. The demand for polyamide 12 is increasing on account of the various properties such as low water absorption, excellent chemical resistance, and ability to accept the high loading of fillers over nylon. The Global High-Performance Polyamide Market is segregated on the basis of its application as transportation, consumer goods, oil & gas, industrial coatings, electrical & electronics, and other industrial uses. The transportation and consumer goods segment together hold a major market share in terms of value. The transportation segment was valued USD 912.8 million in 2016 and is projected to grow at a CAGR of 5.68% during the assessment period. Geographically, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. 

Regional Analysis 

Regionally, High-Performance Polyamide Market is classified into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific dominated the Global High-Performance Polyamide Market in 2016 and accounted for over 30% of the value share of the Global High-Performance Polyamide Market. This regional growth can be attributed to the high production and sales of automotive in China, India, and Japan. The reviving automotive sector in North America and the manufacturing and trade of automotive parts in Europe are likely to augment the market growth over the review period. The other emerging markets such as Latin America and the Middle East & Africa are projected to observe a healthy growth as Asia Pacific. 

Key Players: 

Market Research Future (MRFR) recognizes the following companies as the key players in the Global High-Performance Polyamide Market: Arkema S.A. (France), BASF SE (Germany), Dupont (U.S.), Evonik Industries AG (Germany), DSM (Netherlands), Solvay (Belgium), Toray Industries Inc. (Japan), Laxness (Japan), Radici Group spA (Italy), EMS Chemie holding AG (Switzerland), Ascend (Texas), Investa (Kansas), NILIT (Israel), DOMO (Italy), UBE Industries (Japan), Asahi Kasei (Japan), Kolon Plastic Inc. (South Korea), Shenma Industrial Co. Ltd. (China), and Hyundai EP Co. Ltd. (South Korea).

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Monday 23 July 2018

Glycolic Acid Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

The Global Glycolic Acid Market is expected to grow moderately at a CAGR of 6.09% over the forecast period 2017-2023.Glycolic Acid Market valued USD 249.9 million in 2016 and is expected to reach USD 375.5 million by the end of 2023. Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightning and anti-aging products from youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning.
Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.

The Global Glycolic Acid Market is segmented according to application as personal care, textile dyeing and finishing, oil field, petroleum refining and others. Personal care application is dominating with 28% of market share in global glycolic acid market. This is attributed to increasing demand of skin care and hair treatment among youth population coupled with rising awareness about healthy skin is likely to further boost the overall market growth. The textile dyeing and finishing segment account for second largest market share owing to high compatibility of product with surfactants, dyes and biocidal agents is expected to drive the market growth over the forecast period.

The Global Glycolic Acid is divided into five regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounts for highest market share in terms of value and volume. U.S. is leading country and projected to grow at CAGR of 5.49% during forecast period. Increasing number of middle aged women using anti-ageing products such as anti-wrinkle and acne removal scar is likely to propel the growth. Europe is second largest market and will continue its dominance in coming years. Rising number of cosmetic and personal care manufacturer especially in France, UK and Italy are anticipated to drive the market growth. Further, stringent regulations related to consumption of glycolic acid in household products as well as personal care is expected to drive the market growth. Asia Pacific exhibits significant growth over the forecast period. China and India are leading countries owing to rapid urbanization and changing lifestyle of consumer coupled with low manufacturing cost driving manufacturer to shift the production base in order to increase market share.

Industry/ Innovation/ Related News: 

October 2016 – Chemrous has launched a new product Glypure Gl Cosmetic grade. The launch of new product will benefit the company in adding a new product line in Glycolic acid. Glypure is an active ingredient in anti-aging formulation which used in many personal care and cosmetic products. With unique advantages, this product has proven ability to be first choice for cosmetic grade glycolic acid.

Key Findings:

The Global Glycolic Acid Market is projected to reach USD 375.5 million by 2023 at a CAGR of 6.09% in terms of value during review period 2017-2023. Increasing demand for personal care products with the rising awareness regarding skin and hair care projected to boost the market growth during the forecast period. North America accounted for ~34% share of the Global Glycolic Acid Market followed by Europe. North America and Asia Pacific are estimated to grow at the healthy rate of 6.23% and 6.0% respectively during the forecast period. Based on source, synthetic will hold 68% of market share in 2017 as it is utilized the most in personal care products. In terms of value, synthetic will witness higher growth rate 6.49%. Based on application, personal care holds more than 28% of market share in 2016 as it is utilized the most in beauty products.

Additionally, consumers’ expenditure on beauty product has been increasing significantly from the last few years in developed and developing regions. The global oil field and textile & dying sector likely to hold around half of the market share in 2017, collectively. Increased demand for glycolic acid in the textile industry as dyeing and tanning agent projected to boost the market growth over the forecast period.

Glycolic Acid Market – Competitive Analysis

Glycolic Acid Market appears to be fragmented market owning to the presence of numerous small and tier 2 players active in regional market. The strategies traced from the analysis of recent developments of the key players include acquisition and product launch. Migration of personal care and household furnishing industries to emerging markets in order to tap opportunities are further fuelling the growth of Glycolic Acid Market. Product development and joint venture or collaboration are some of the strategies followed by regional players. Company like The Chemours Company are prominent manufacturer in Global Glycolic Acid Market. Moreover, pharmaceutical companies are launching new products based on Glycolic Acid to increase their market share.

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Engineering Plastic Market 2018 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2022

Engineering Plastics are group of plastic material which has better mechanical and thermal properties. The group of plastic such as polystyrene, PVC, polypropylene and polyethylene are used as Engineering Plastic. These materials have special properties such as higher impact strength, high abrasion, wear and fatigue resistance. Engineering Plastic are manufactured for special applications due to which they are expensive.

On the Basis of Product, Acrylonitrile Butadiene Styrene (ABS) is dominating the Engineering Plastic Market since they it largely consumed due to its various properties such as high impact, mechanical potency, and high temperature resistance.  Acrylonitrile provides chemical resistance, heat stability and ease of processing. Butadiene provides strength and toughness. On the basis of application, automotive segment has the largest market share in the Engineering Plastic Market. They are mostly used in automotive & transportation industry as connectors, wheel well lighting component such as headlamp, fog lamps, among others. Asia-Pacific is expected to account for the largest market share for the forecast period. 

Regional Analysis of Engineering Plastic Market 

The Engineering Plastic Market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global engineering plastic market due to highest demand in the region. Rapid industrialization, growing demand by industries such as chemicals, power generation, automobile, and packaging, has led to the growing demand for engineering plastic. 

Key Players 

The key players of Engineering Plastic Market are BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi Engineering-Plastics Corporation (Japan). 

Intended Audience 

Engineering Plastic manufacturers
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities 

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Biocomposite Market 2018 | Growth – Key Futuristic Trends and Competitive Landscape 2023

Biocomposite Market- Competitive Landscape

The Global Biocomposite Market is a highly lucrative market driven by flourishing growth in construction and automobile industry. FlexForm Technologies (US), Tecnaro GmbH (Germany), Trex Company, Inc. (US), Fiberon LLC (US), Meshlin Composites ZRT (Hungary) among others are some of the major players operating in this market. Most of these market participants are adopting the research and development and product launch tactics to strengthen their production capacities and market position. Taking account of these trends the Global Biocomposite Market is projected to witness considerable competition over the forecast period of 2017-2023.

Asia pacific is expected to be the fastest growing region during the forecast years. The growing government expenditure in construction activities especially in China and India is the major factor driving the market in the region. Moreover, the growing automobile industry in the region is another factor adding to the market growth.

Industry/ Innovation/ Related News: 

9 January, 2018- The U.S department of energy has granted US$ 3 million dollars to Attis innovation Inc. who has acquired Advanced Lignin Biocomposites LLC, for the development of efficient use of lignin based biocomposites for the growth of their bio economy.

11 January, 2017- Stora Enso invested 21 million pounds for at its paper and board mill of Sweden and Finland. The investment plans includes the setting up of a new production line for biocomposite granules at its paper mill in Sweden. This investment is expected to boost the market of biocomposites in the European region.

Biocomposite Market – Market Overview

Biocomposite is a material formed by resin or matrix reinforced by fibers such as jute, cotton, hemp recycled wood, waste paper and flex among others. Biocomposites can be manufactured using various techniques including filament winding, machine press, compression molding, injection molding, extrusion, sheet molding, resin transfer molding and winding.  Biocomposite exhibit essential properties such as high tensile strength and low density among others which paves the way into many end user industries. They are also considered as an effective and ecofriendly alternative for glass, carbon and other man-made fiber composites. Moreover due to the cheap, recyclable and biodegradable nature, Biocomposites are gaining popularity in many industrial sectors. The Biocomposite Market is growing substantially in industrial as well as household applications. The increasing environmental awareness along with the depleting natural resources are the major factor driving the growth of the market throughout the globe. In addition to this, the growing demand for lightweight, low cost, environmental friendly, and moisture resistance materials in the building and construction industry is expected to contribute significantly to the market growth.  The growing research and development activities for the mass production of Biocomposites coupled with increased adoption by the automobile industry are other factors adding to the market growth. The Global Biocomposite Market can be segmented on the basis of fiber type, process type, end-user industry and regions. On the basis of fiber, the wood fiber segment is anticipated to be the dominant segment and is expected to show the same trend during the forecast years. The growing demand for wood fiber in the form of decking, fences, and railing in the construction industry owing to its durability and low cost is significantly adding to the growth of the segment. On the basis of end-use industry building and construction is expected to dominate the segment.

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Sunday 22 July 2018

Non-Woven Abrasive Market 2018 | Technology, Applications, Growth and Region Forecast 2023

Non-Woven Abrasives material is a three-dimensional abrasive, made from open nylon filament web with abrasive grain bonded to it. Non-Woven Abrasives are manufactured when abrasive grains are fused with nylon fibers and are bonded together with the help of synthetic resins such as phenolic, epoxy, and others. These abrasives are made up of aluminum oxide, carbides, diamonds, and zirconia. It comes with many advantages such as greater resilience, more comfort, water resistance, and non-rusting due to which it is majorly used in portable grinding, sanding and finishing operations. Non-Woven Abrasives are primarily used in a number of industrial applications such as cleaning and finishing the metal parts. It plays a vital role in giving surface finish and shape for the required material. They are broadly classified into bonded, coated, loose abrasive grains, super abrasives, non-woven, and others. Non-Woven Abrasives are used for commercial purposes in a number of major industries such as aerospace, automotive, construction, cookware, and medical industries, wherein it is used for polishing of surfaces, buffing, honing, and sanding of the substrate material. 

Global transportation market is growing at highest CAGR, among other end use industries in the Global Non-Woven Abrasive Market, during the forecast period, which is attributed to ever increasing trade around the world. During the forecast period electrical and electronics market is expected to flourish owing to the growing demand of portable and other electronic devices and rising applications of abrasives in electrical industry. This is turn is anticipated to fuel demand of the Non-Woven Abrasive in coming years. The developing countries along with developed economies are rapidly taking up infrastructural developments, wherein Non-Woven Abrasive is majorly used.
Automotive industry around the world is flourishing with increasing demand of vehicles mainly from developing countries. Electric vehicles market is witnessing a steady growth due to the growing environmental concern and regulatory norms against the conventional fuel based automobiles around the world. Moreover, the Global Abrasive Market has been estimated to grow at considerably higher CAGR of nearly 6.5% during 2017 to 2023 to drive demand of the products forward. However, the major bottlenecks in the growth trajectory of the Global Non-Woven Abrasive Market which is needed to be taken under consideration is, the continuous volatility in crude oil prices which may negatively affect resin prices and indirectly affects Non-Woven Abrasives Industry. 

Regional Analysis: 

There are five key regions in which the Global Non-Woven Abrasive Market is divided into. It includes Asia Pacific, Europe, North America, Europe, Middle East & Africa, and Latin America. Among them Asia Pacific is both the largest and the fastest growing region in the Global Non-Woven Abrasive Market. This region accounts for over 40% share of the overall Non-Woven Abrasive Market. India and China are the leading market in this region owing to the surge in demand of the product by major and emerging end use industries such as electrical & electronics and automotive, along with building & construction. North America is the second most substantial region in the Global Non-Woven Abrasive Market with U.S. leading the region. This is attributed to the growing transportation industry and reconstruction activities in this region. After North America, Europe is the significant region, in terms market size. Countries namely Germany, U.K., France and Italy are the major markets in this region. Europe is leading the overall production of vehicle and it is expected to increase even further during the forecast period to fuel the demand of non-woven abrasive in this region. The Middle East & Africa is projected to grow at significantly higher CAGR in coming years, due to the increasing construction activities to cater flourishing tourism industry. Lastly, Latin America is emerging out of political and economic unrest to join the mainstream with the leading regions in the Global Non-Woven Abrasive Market. 

Segmentation: 

The Non-Woven Abrasive Market has been segmented on the basis of Target Substrate, End Use, and Region.

Based on Target Substrate the market is divided into metal, glass, plastic, composite, and wood.
On the basis of End Use, the Global Non-Woven Abrasive Market is segmented into transportation, building & construction, electrical & electronics, industrial machinery, and others.

Geographically, the Global Non-Woven Abrasive Markets is divided into five key regions including Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. 

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