CMEPC: March 2019

Friday 29 March 2019

Wax Emulsion Market 2019 | Global Size, Segments, Growth and Trends by Forecast to 2023

Wax Emulsion Market – Overview

Wax Emulsion Market is increasingly gaining momentum owing to the properties these emulsions offer to various products such as lubricating glide finish along with resistance to water & hence abrasion, anti-blocking, matting, and water repellence. For instance; Wax Emulsion applied on the wood panels not only protects it but also enhances it aesthetic appearances.

Attributing to these advantageous properties, Wax Emulsions finds its applications in some burgeoning industries like construction, Adhesives & Sealants, Paints & Coatings, Cosmetics, Textiles and others. Paints, Coatings & Emulsions are widely consumed across automotive industry which is expansively growing witnessing high selling rates.

Resultantly, Wax Emulsion enjoys a great demand & its market enjoys an extensive traction worldwide. Attributing to the improving economic conditions & urbanization over the past few years, this market has escalated immensely garnering a huge prominence.

Recognizing the potential of the market to grow further in the years to come, Market Research Future (MRFR) has published a detailed study report giving out the market forecast for the period 2017 – 2023. In its analysis, MRFR asserts that the Global Wax Emulsion Market is expected to demonstrate a voluminous growth by 2023, registering a striking CAGR during the forecasted period.

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Wax Emulsion Market – Competitive Analysis

Manufacturers operating in this highly competitive market strive to deliver the best quality, reliable and consistent pure high-quality products based on innovative technologies. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements. Product launch, M&A activities, collaboration remain key strategies of the market players to churn the competitive advantages.

Industry/ Innovation /Related News:

January 12, 2018 – Argosy Private Equity (US) announced the successful completion of the sale of its business U∙C Coatings LLC, manufactures a complementary portfolio of proprietary specialty coatings & branded products are an industry leading line of wax-based, emulsion.

Wax Emulsion Market – Regional Analysis

Asia Pacific market of Wax Emulsion is expected to grow with the fastest CAGR over the forecast period owing to the augmented uptake of the product in some burgeoning industries like textile, paints & coatings, cosmetics, adhesives & sealants, & etc. in some of the APAC economies like India, Japan & China. Furthermore, factors such as availability of low cost raw material, land and moderately regulatory framework are contributing to the growth of the regional market.

European countries such as Italy, Spain, the UK, and Germany are expected to be the prominent consumer markets due to the increasing expenditure on innovation and growing purchasing power of consumers. Additionally, the growth attributes to the implementation of new rules and regulations proposed by the government to follow Wax Emulsions rather than solvents in the industry. Simultaneously, extensive use of paints & coatings by the major automobile manufacturers existing in Germany will be providing impetus to the regional market growth.

North America is estimated to witness a significant growth in the Wax Emulsion market owing to the increased uptake of the product in cosmetics & packaging sectors. Moreover, rising investments from the end-use industries are likely to drive the regional market during the assessment period.

Key Players:

NIPPON SEIRO CO., LTD (Japan), BASF SE (Germany), ALTANA (Germany), The Dow Chemical Company (US), Sasol Limited (South Africa), Exxon Mobil Corporation (US), The Lubrizol Corporation (US), Danquinsa GmbH (Germany) and Momentive (US), Michelman, Inc. (US) are some of the leading players of the Global Wax Emulsion Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.

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About Market Research Future:

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

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

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Purified Terephthalic Acid (PTA) Market 2019 - Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 2023

Market Synopsis:

Market Research Future (MRFR)’s new study asserts that the Global Purified Terephthalic Acid (PTA) Market is projected to expand at a moderate CAGR during the forecast period 2017 to 2023. PTA offers insulation, resistance to chemicals and weathering, etc. Which has led the development of its application in the production of a few important chemicals such as terephthaloyl chloride, cyclohexane di-methanol, etc. It is likely to create more demand for PTA in the upcoming years.

PTA is expected to be extensively in demand for the manufacturing of packages in the food & beverage industry. The growth of the food & beverage industry coupled with rising disposable income is poised to drive the expansion of the Purified Terephthalic Acid (PTA) Market over the assessment period. The market is also projected to scale new heights due to the increase in housing activities.

PTA is an important ingredient for the production of solvent-free and environmentally friendly powder coatings which are famous in the industries for general purposes. The rapid industrialization is set to further push the growth of the Purified Terephthalic Acid (PTA) Market. Other end-user industries that are analyzed to generate more demand for PTA in the future are oil & gas, electrical, furniture, etc. Meanwhile, strict regulations by various governments remain a hindrance to the expansion of the global market in the foreseeable future.

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Competitive Dashboard:

Some of the key players profiled in the report are Reliance Industries Limited (India), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Alpek S.A.B. de C.V. (Mexico), BP p.l.c. (U.K), Eastman Chemical Company (U.S.), China Petroleum & Chemical Corporation (China), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), and Indian Oil Corporation Ltd (India).

Market Segmentation:

By Application, the Global Purified Terephthalic Acid (PTA) Market has been segmented into polyester fiber, polyester films, pet resin, industrial machinery, powder coatings, insulation materials, and others.

By End-Use Industry, the Purified Terephthalic Acid (PTA) Market has been segmented into food & beverages packaging, paints & coatings, textiles, electrical, and furniture.

Regional Insights:

The Global Purified Terephthalic Acid (PTA) Market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Middle East & Africa is expected to register the highest CAGR over the assessment period. The factors that are inducing growth in the regional Purified Terephthalic Acid (PTA) Market include expanding food & beverages packaging industry, rising demand for paints & coatings, increasing home furnishing due to rapid housing activities, etc.

Asia Pacific is estimated to account for the largest share of the Global Purified Terephthalic Acid (PTA) Market towards the end of the assessment period. The growth trajectory of the regional market is guided by the rise in polyester fiber consumption. Furthermore, growing paints & coatings production, rising disposable income, healthy economic growth rate, the growth of the electrical industry, etc. are some of the major factors responsible for catalyzing the proliferation of the purified terephthalic acid (PTA) market in the region. The growth of the petroleum industry is anticipated to work in favor of the market expansion. China, India and other emerging economies are the potential country-level markets for Purified Terephthalic Acid (PTA).

North America and Europe are significant growth pockets and are projected to exhibit substantial growth over the next couple of years. The U.S., trailed by Canada, is likely to lead the Purified Terephthalic Acid (PTA) Market in North America due to an increase in the production of crude oil. In Europe, the country-level markets that are poised to witness significant growth include Italy, Germany, Spain, the U.K, France, and Russia owing to rising investments in home furnishings. Meanwhile, the Latin American countries such as Argentina, Colombia, and Brazil are prognosticated to focus on the development of new technologies and inventions in PTA. It is expected to augment the Purified Terephthalic Acid (PTA) Market in the region.

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Bio-Based Chemicals Market 2019 - Size, Share, Trends, Growth and Forecast Analysis Report by Application and Region - Global Forecast 2023

Bio-Based Chemicals are obtained from biological origin or biomass such as trees, plants, and animals. As the demand for natural and organic products is growing, there are expectations for their market to grow rapidly. Market Research Future (MRFR) has published a research report about the Global Bio-Based Chemicals Market that predicts growth for this market with a high rate between 2016 and 2023.

The primary market drivers of the Global Bio-Based Chemicals Market include increasing demand for high crop yield & the disease-free crop and increasing demand for pharmaceuticals & personal care products. Other important market drivers include the use of Bio-Based Chemicals as a food supplement & nutrient, and stringent governmental regulations against synthetic chemicals such as Registration, Evaluation & Authorization of Chemicals (REACH) and Bio-Preferred Program. However, the food safety issues and the high prices of bio-based chemicals can hinder the market growth.

The Global Bio-Based Chemicals Market segmentation is based on Products, Applications, and Region. As per products-based Segmentation, the market has been segmented into bioplastics and biofuels. The application-based segmentation of this market covers industrial chemicals, agriculture, pharmaceuticals, and others.

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The regional segmentation of the Global Bio-Based Chemicals Market has segmented the global market into regional markets namely Asia Pacific, North America, Europe, the Middle East & Africa (MEA), and Latin America. Between 2016 and 2023, the Asia Pacific is expected to command the Global Bio-Based Chemicals Market because the highest amount of production, as well as the consumption of the product, happens in this region. In this region, the market can grow due to the steadily rising technological advancements and availability of raw materials. Countries like India, China, and Japan are the major contributors to the revenue as well as market growth due to increased use of eco-friendly products, escape price volatility in petroleum-based products, and government policies designed to favor sustainability. Other crucial country-based markets in this region are New Zealand and Australia, followed by the remaining countries of the Asia Pacific region.

Europe is the second most important regional market due to the high density of population (compared to other continents) and increasing the development of value chains with bio-based feedstock, i.e., biochemicals production and bio-refineries. Other major drivers of the market in Europe are rising prices of crude oil, depletion of natural resources, and stringent government regulations. The major country-based markets in Europe are Germany, France, Poland, Italy, Spain, Russia, and the UK.

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During the forecast period, North America is likely to witness significant growth as a regional market due to the availability of abundant & low-cost feedstock, advanced technology, rising trend regarding the use of environment-friendly products, and implementation of government policies on usage of bio-based chemicals. The most powerful country-specific markets in North America are the USA and Canada. In Latin America, the market is not as great as North America due to the lack of advanced technology. The serious country-specific markets in Latin America are Brazil, Argentina, and Mexico, followed by the rest of Latin America. Among these, Brazil and Argentina are the biggest contributors to the market due to high production as well as exportation of sugarcane.

In the MEA region, the market is limited. In this region, farming is limited because most of the countries are desert regions. Some other factors responsible for the limited market growth in this region are lack of technological development, lack of education, lack of awareness, and political instability as this region covers the Middle East and Africa, the major market in the Africa segment countries in the North Africa region. The crucial country-specific markets in the Middle-East region are Israel, Bahrain, Oman, Kuwait, Saudi Arabia, Qatar, Turkey, and the UAE, followed by the remaining countries in the MEA region.

Key Players:

The key players in the Global Bio-Based Chemicals Market include BioAmber Inc. (USA), BASF SE (Germany), Braskem (Brazil), Danimer Scientific (USA), Corbion (Netherlands), Metabolix, Inc. (USA), Koninklijke DSM N.V. (Netherlands), Mitsui & Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), NatureWorks LLC (USA), Myriant Corporation (USA), Synbra Holding Bv (Netherlands), PTT Global Chemical Public Company Limited (Thailand), TEIJIN LIMITED (Japan), and Zhejiang Hisun Biomaterials Co., Ltd (China).

Latest Industry News:

US Energy Department’s Bioenergy Technologies Office (BETO) has funded the US $ 2 mn for a cutting-edge algae plastic research project that is aimed at accelerating the sparkling green bioeconomy of the future. 27 DEC 2018

Itaconix has signed a deal with Nouryon to supply bio-based polymers for use in the detergents market. 15 JAN 2019

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Thursday 28 March 2019

Plant Activators Market 2019 - Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 2023

Market Synopsis:

Plant Activators are chemicals that activate plant defense genes by providing signals via the signal transduction pathway mediated by salicylic acid. Plant activation is essential to resist attacks from pests such as fungal or bacterial pathogens or insects. These products do not directly attack pathogens but trigger biochemical modifications in plants so they may defend against pests.

Plant Activators are available in three forms, namely, water-dispersible and water-soluble granules, solutions, and wettable powders. They can be obtained from both biological and chemical sources and are used in foliar sprays and soil treatment for different crop types such as fruits and vegetables, cereals and pulses, oilseeds and turf and ornamentals. Several advantages offered by Plant Activators include ease of application, advanced technologies in farming practices and their promotion by the governments of many countries across the world.

The rising prevalence of pests due to pollution has propelled the need for Plant Activators to protect crops. The increasing resistance of insects and weeds to chemicals, high cost of developing new chemical pesticides, and government regulations to limit chemical usage to prevent ecological damage are leading to the growing demand for biological Plant Activator products. Rapid industrialization and urbanization, rising energy demand, and a growing population have resulted in arable land being used for housing projects, industries, mines, and rearing livestock, among others.

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The increased consumption of packaged, processed, and ready-to-eat food products have also given rise to several diseases and health issues. Hence, the demand for organic food has been rising with growing consumer awareness, driving the growth of the Global Plant Activators Market. Increase in crop production, rising need for food security for the growing population are boosting the growth of the product market.

However, the excessive use of plant activators results in salt, nutrient, and heavy metal accumulation, which may affect plant growth, soil quality, water quality, animal health, human health, and the environment. Additionally, the continuous use of plant activators may result in the accumulation of chemicals in the soil, which may lead to acid rain and pollution, making the soil unfit for farming. Hence, the dependence on plant activators for crop production, especially chemical activators due to the limited availability of biological activators, is expected to restrain market growth during the forecast period.

Market Segmentation:

The Global Plant Activators Market has been segmented based on Source, Form, Crop Type, Mode of Application and Region.

Based on Source, the Global Plant Activators Market has been divided into biological and chemical.

On the basis of Form, the Global Plant Activators Market has been classified as granules, solutions, and powders.

By Crop Type, the global market for Plant Activators has been segregated into fruits and vegetables, cereals and grains, oilseeds and pulses, and turf and ornamentals.

The market has also been segmented based on mode of application into foliar spray and soil treatment.

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Key Players:

Some of the prominent players in the Global Plant Activators Market are Syngenta (Switzerland), Isagro (Italy), Plant Health Care (US), Alltech (US), Arysta LifeScience Corporation (US), Nihon Nohyaku Co. Ltd (Japan), Meiji Holdings Co. Ltd (Japan), Certis USA LLC (US), Gowan Company (US), Eagle Plant Protect Private Limited (India), Futureco Bioscience SA (Spain), and NutriAg Inc. (Canada).

Regional Analysis:

The market has been analyzed with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The European market accounted for the largest share of the global plant activators market in 2017. Decreasing agricultural land in Europe is resulting in the increasing demand for plant activators to enhance the long-term productivity of the available land and improve crop production.

Asia-Pacific held the second-largest share of the global plant activators market in 2017 and is expected to grow at the fastest pace during the review period. The introduction of modern agricultural practices, demand for high-quality fruits and vegetables, and advancements in pest control methods are expected to drive the market for plant activators in the region. The presence of leading manufacturers in this region such as Eagle Plant Protect Private Limited and Nihon Nohyaku Co. Ltd is also contributing to market growth.

The North American market is expected to grow at a moderate pace during the forecast period. The demand for plant activators in the region can be attributed to the growth of the processed food industry.

The Latin American market is expected to show steady growth during the forecast period. Industrialization in developing countries of the region such as Brazil and Mexico have led to the use of plant activators to optimize the available arable land.

The majority of the Middle East & Africa has limited reserves of water, which has led to the slow growth of the agricultural sector. Hence, the region is expected to witness sluggish growth for the plant activators market during the forecast period.

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Flouropolymer Coating Market 2019 - Size, Share, Trends, Growth and Forecast Analysis Report by Application and Region - Global Forecast 2023

Global Flouropolymer Coating Market – Competitive Analysis

Flouropolymer Coating Market appears highly competitive. This competition will further get intensified with the high investments estimated to transpire during the forecast period. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.

Key Players:

Some of the key players of Flouropolymer Coating Market include – Daikin Industries, Ltd. (Japan), Whitford Corporation (US), Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (US), E. I. du Pont de Nemours and Company (US), The Becker Group, Ltd. (US), The Valspar Corporation (US), BASF SE (Germany), Toefco Engineered Coating Systems, Inc. (US), and TIGER Drylac U.S.A., Inc. (US).

Industry/ Innovation/Related News:

July 28, 2018 – Daikin Industries, Ltd. (Japan) announced its plans to test the US market for a new type of fluoropolymer. If the US market warms up to the resin, Daikin plans to proceed with a US$200 Mn. expansion at its plant in Decatur, Atlanta. However, a 25% import tariff that the US is planning to impose on fluoropolymers and other products from China threatens Daikin’s plan.

February 08, 2018 – Precision Coating Co., Inc. (PCCI – US), a leading global specialty anodic coating and printing expert presented its medical device fluoropolymer applicator at the Medical Design and Manufacturing (MD&M) West Conference and Expo 2018. The company engineers innovative surface modification solutions to enhance the value and performance of medical wire, devices, and instruments.

Industry Summary:

Flouropolymer Coating materials provide products with a smooth surface finishing, lubrication, non-wetting protecting properties, impermeability to gasses, and high resistance to moisture (water and oils), chemicals, corrosion, UV radiation, and chalking. Flouropolymer Coating last for a long time, thus it reduces recoating costs and the consumption of raw materials.

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Due to these exceptional properties, these coatings find their applications in diverse industries such as building & construction, oil & gas, automotive, aerospace, industrial, and food processing for applications ranging from cooking pans to catheters (medical devices). Naturally, these coatings witness a huge demand across some burgeoning industries that resultantly drive the market growth of Flouropolymer Coating.

Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) has recently published a study report. In its report, MRFR foretells that the Global Flouropolymer Coating Market is expected to grow exponentially by 2023, registering a phenomenal CAGR during the forecast period (2017 – 2023).

Flouropolymer Coating Market – Regional Analysis

Globally, Asia Pacific accounts for one of the promising markets for Flouropolymer coating followed by North America and Europe region respectively. The APAC region is estimated to register the highest CAGR during the review period owing to some of the burgeoning industries such as oil & gas, food processing due to the extensive use of the coating to protect machinery in these industries.

The ensuing increase in foreign investments and a rise in the number of new manufacturing establishments will contribute to the market growth in APAC. Also, widened uptake of PTFE coat for cookware products along with the growing activities of crude oil processing and petroleum refineries especially, in India and China are some of the forces driving the market growth.

Flouropolymer coating market in the Asia Pacific is predicted to grow with the moderate CAGR over the assessment period due to the burgeoning automotive sector in various developing nations of APAC such as India, China, Japan, Malaysia, and Thailand. Additional factors such as the growing GDP, rapid industrialization, growing production and industrial bases, increased demand to save energy and reduce greenhouse emissions are substantiating the market growth in the region, augmenting the demand for Flouropolymer Coating.

Attributing to the expanding aviation industry in the region, the North America Flouropolymer Coating market is expected to grow with the highest CAGR during the review period, 2017 to 2023. The market in the US, Canada, and Mexico enjoy augmented demand due to the high adoption rate of the product by the petrochemical producers. Additional factors substantiating the market growth include the presence of large oil & gas reserves in this region, increasing production capacities and high consumption potential. The US, backed by the growth in the production of crude oil is expected to account for the major contributor to the growth of the regional market.

The Europe Flouropolymer Coating market is another promising space on the global level. The market is witnessing huge demand for Flouropolymer coating especially due to the growing demand from the countries such as Germany, Italy, Spain, France, the U.K, and Russia backed by the increased expenditure in innovation and growing purchasing power of consumers. Furthermore, the presence of major automobile manufacturers specifically in Germany is providing an enormous impetus to the market growth in the region.

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Elastomeric Foam Market 2019 | Precise Study on Factors, Drivers and Key Players Strategies Analyzed Till 2023

Elastomeric Foam is a rubber-based insulating material with closed pores and uniform cell structure and possesses high vapor diffusion values. It is used in various applications such as air conditioners, refrigerators, chilled water pipelines, and tube equipment and fittings as it provides excellent insulation and condensation control in HVAC systems while reducing energy consumption. Elastomeric Foam is available in two types—natural rubber and synthetic rubber; the latter includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), and chloroprene. Nitrile butadiene rubber elastomeric foam is used widely due to its superior properties such as high moisture resistance, thermal efficiency, chemical resistance, elasticity, and flexibility.

The growth of the Elastomeric Foam Market is driven by the growing heating, ventilation, and air conditioning (HVAC) industry with the rising installation of HVAC systems in residential and commercial buildings such as healthcare facilities, shopping complexes, warehouses, and supermarkets. The increasing use of elastomeric foam in chillers, refrigerators, duct systems, and plastic pipes such as refrigeration piping and hot- and cold-water pipes is likely to drive the growth of the elastomeric foam market. Additionally, rising awareness about indoor air quality is likely to increase the demand for Elastomeric Foam with antimicrobial additives in air conditioners and HVAC systems.

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The consumption of Elastomeric Foam is increasing in automobile parts such as gaskets, sealing, and under hood applications as it provides good thermal insulation and corrosion control. The growing automotive industry with the rising production of lightweight, electric, and hybrid vehicles is likely to drive the demand for Elastomeric Foam. Also, due to its good electrical insulation properties, the use of elastomeric foam is increasing in the electrical and electronics industry, which is likely to propel market growth during the forecast period.

Some of the key growth strategies adopted by market players include new product developments, expansions, and acquisitions. For instance, in May 2018, Armacell International SA, acquired Guangdong De Xu Insulation Materials Co. Ltd, a manufacturer of elastomeric foam, to expand its product portfolio and strengthen its presence in Asia-Pacific.

Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the basis of Type, the market has been segmented into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others.

Based on End-Use Industry, the market has been divided into HVAC, automotive, electrical and electronics, and others.

By Region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Key Players:

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Hira Industries LLC (UAE), Zotefoams PLC (UK), L’isolante K-Flex SpA (Italy), Huamei (China), Kaimann GmbH (Germany), Jinan Retek Industries Inc. (China), NMC SA (Belgium), Grando (Belgium), Sekisui Plastics Co., Ltd (Japan), and Rogers Foam Corporation (US).

Intended Audience

Elastomeric Foam Manufacturers

Traders and Distributors of Elastomeric Foam

Research and Development Institutes

Potential Investors

Raw Material Suppliers

Nationalized Laboratories

Regional Analysis:

Asia-Pacific accounted for the largest share of the Global Elastomeric Foam Market in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Increasing residential and commercial construction as a result of urbanization has led to a rising demand for duct and HVAC systems, which is likely to fuel the demand for Elastomeric Foam.

North America is another prominent market for Elastomeric Foam owing to the increasing construction spending in the region. Additionally, the expanding automotive industry with the increase in production of lightweight, electric, and hybrid vehicles is likely to drive market growth during the review period.

The European market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles to reduce carbon emissions.

The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The market in the Middle East & Africa is likely to exhibit considerable growth in the coming years with increasing investments in the construction sector and an expanding HVAC market in the region.

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Wednesday 27 March 2019

Scale Inhibitors Market 2019 - Size, Share, Trends, Growth and Forecast Analysis Report by Application and Region - Global Forecast 2023

Regional Outlook:

The Global Scale Inhibitors Market covers the latest trends in Europe, Asia Pacific (APAC), North America, Latin America, and the Middle East & Africa (MEA).

The APAC market is expected to expand at a 5.38% CAGR during the forecast period. The push for water treatment of the surrounding rivers by governments, awareness of water & wastewater treatment, and rapid urbanization in India and China are factors expected to bolster market demand during the review period. The Namami Gange Programme is a prime example which requires antiscalants for meeting the demand for potable water. China can contribute the maximum to the Scale Inhibitors Market owing to the rise in rude oil production. It can touch an estimated size of USD 727.5 million by 2023. Japan is the second-largest contributor to the market. It can exhibit a 4.56% CAGR over the forecast period.

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Europe accounted for the second-largest share of the global market in 2017 owing to the demand from power and wastewater treatment sectors. Germany accounted for 25.6% share of the European market and touted to grow at a 2.50% CAGR during the review period.

The North America region can exhibit a strong growth rate owing to the shale gas exploration activities. In the region, the U.S. accounted for the largest share and will maintain its dominance as the leading contributor.

The MEA scale inhibitors market is predicted to register a 5.61% CAGR over the forecast period owing to the pressing demand for crude oil. On the other hand, the Latin America can exhibit a modest growth rate thanks to the expanding petrochemicals, oil & gas, and power industries.

Scale Inhibitors Market – Segmental Analysis

MRFR’s report states that the global market is segmented on the basis of Type and Application.

By Type, the market is segmented into phosphates, sulfonates, carboxylate/acrylates, and others. The phosphonates segment accounted for a large market share in 2017. It is expected to exhibit a 4.29% CAGR during the review period owing to its heavy demand in end-use industries.

Major Market Applications include oil & gas, mining, power, paper mills, petrochemicals, and others. The power segment can display a 4.6% CAGR over the forecast period due to rising investments in the sector. It had accounted for 26.67% share of the market in 2017. The demand of scale inhibitors can rise in the segment owing to its need for treated water. The oil & gas segment will be the second-largest owing to investments in deepwater and ultra-deepwater exploration activities in the South China sea and presence of large oil reserves in the Gulf of Mexico.

Vendor Landscape:

American Water Chemicals, Inc. (U.S.), Solenis (U.S.), Arkema SA (France), Kemira Oyj (Finland), SUEZ (France), BASF SE (Germany), Ecolab (U.S.), Clariant (Switzerland), BWA Water Additives (U.S.), and DowDuPont (U.S.), are some of the key companies operating in the scale inhibitors market. New product development, innovation of new biodegradable chemicals, and expansion to developing economies are prime strategies of the players. This is exemplified by the display of antiscalant products for water reservoirs showcased by DowDuPont at the Abu Dhabi International Petroleum Exhibition and Conference in 2017

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Few Points from Table of Contents:

11. Competitive Landscape

11.1 American Water Chemicals, Inc.

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Products Offered

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategy

11.2 Clariant

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Products Offered

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategy

11.3 Kemira Oyj

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Products Offered

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 SUEZ

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Products Offered

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Ecolab

11.5.1 1.5.1Company Overview

11.5.2 Financial Overview

11.5.3 Products Offered

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

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Molded Plastic Market 2019 | Precise Study on Factors, Drivers and Key Players Strategies Analyzed Till 2023

Market Overview:

Molded Plastics are synthetic compounds that can be molded into various shapes based on the application. The use of pigments and other additives enhances the quality of the Molded Plastics, which are used in various industries owing to their durability, light weight, and high chemical resistance.

The growth of the Global Molded Plastic Market is driven by the rapidly increasing use in the packaging industry in fast-moving consumer goods, household care products, and consumer electronics. The rapid growth of the construction, electrical and electronics, automotive, and packaging industries is expected to fuel the demand for Molded Plastics during the forecast period. The use of Molded Plastics in the electrical and electronics industry has seen substantial growth in recent times in laptops, televisions, computers, and mobile phones. Molded plastics are also widely used in automotive applications such as air flow ducts, engine covers, car fascia, grilles, and bumpers. The rise in the demand for environmentally sustainable and low carbon emitting vehicles has increased the use of Molded Plastics in the manufacturing of automobiles to reduce vehicle weight and increase fuel economy.

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However, the growth of the Global Molded Plastic Market is hindered by high initial costs and short production runs, which may create a roadblock for players in the market.

Segmentation:

The Global Molded Plastic Market has been segmented by Material, Technology, Application and Region.

Based on Type, the market has been divided into polypropylene, polyvinylchloride, polystyrene, polyethylene, polyethylene terephthalate, and others.

On the basis of Application, the market has been segregated into packaging, electronics, building and construction, automotive, and others.

By Technology, the market has been classified as injection molding, blow molding, thermoforming, extrusion molding, and others.

The Global Molded Plastic Market has been segmented, by region, into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Some of the key players in the Global Molded Plastic Market are BASF SE (Germany), Harwal Group of Companies (UAE), DuPont (US), HTI Plastics (US), Eastman Chemical Company (US), INEOS (UK), LyondellBasell Industries Holdings BV (Netherlands), Reliance Industries Limited (India), SABIC (Saudi Arabia), Exxon Mobil Corporation (US), Magna International Inc. (Canada), and Takween Advanced Industries (Saudi Arabia).

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Intended Audience

Molded Plastic Manufacturers

Traders and Distributors of Molded Plastic

Research and Development Institutes

Potential Investors

Raw Material Suppliers

Nationalized Laboratories

Regional Analysis:

Asia-Pacific dominated the Global Molded Plastics Market in 2017 due to the increased adoption in the packaging, building and construction, and automotive industries in the region. The rising need for environmentally sustainable vehicles with low carbon emissions has further increased the use of Molded Plastics in the manufacturing of lightweight and fuel-efficient automobiles. Moreover, the rapid growth of emerging economies such as China, India, and several ASEAN countries has led to a surge in demand for Molded Plastics in various industries. Several manufacturers are shifting operations to countries such as China, India, and Indonesia. This, coupled with economic growth and a rise in population, is expected to boost drive market growth in the region.

The European market is also expected to grow on account of the expanding aerospace and defense industry with the presence of established key aircraft OEMs such as Dassault Aviation, BAE Systems, and Airbus Group. Molded plastic is used in the aviation industry for battery housings, circuit boxes, knobs, connectors, and pitot tubes. Additionally, the reviving automotive industry with the rising production of lightweight vehicles is likely to fuel the demand for Molded Plastics in the region. North America is another prominent region for the molded plastic market owing to the resurgence in well-established industries such as construction, automotive, and electronics.

The Latin American market is witnessing considerable growth with rising product demand in the packaging industry. The use of rigid plastic has grown considerably as it is non-corrosive, lightweight, and inexpensive, which is likely to propel market growth in the region.

The market in the Middle East & Africa is likely to exhibit significant growth during the review period owing to the expanding building and construction industry and rapid industrialization in the region. Product demand is rising in the construction industry in countries such as Saudi Arabia and Qatar due to the upcoming FIFA World Cup 2022 in the latter.

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