Flouropolymer Coating Market 2019 Segmentation by Product Types and Application with Forecast to 2023

The fluorine particles have various properties such as high electronegativity and low polarizability. Subsequently, carbon-fluorine bonds have higher energy and are more affinity than C– H bonds. Additionally, the assimilation of fluorine substituents into organic compounds can influence their properties. Fluorinated polymeric materials display low surface energies, lubrication, non-wetting protecting properties, impermeability to gasses, and high protection from water, oils, volatile chemicals, corrosion, UV radiation, and chalking. These exceptional properties find its applications in diverse industries such as building & construction, oil & gas, automotive, aerospace, industrial, and food processing.

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Rapid industrialization, rising demand for industrial machinery protection, and increasing expenditure on industrial production are some of the major factors associated with the Global Fluropolymer Market. Moreover, rising demand for flouropolymer from oil & gas industry is predicted fuel the growth of the market over the assessment period. Polyvinylidene fluoride (PVDF) is a pure thermoplastic fluoropolymer. It is highly non-reactive, thus, it is ideal for oil & gas industry because as it resist attack from most of the solvents, acids and bases. Rising crude oil production across the globe is projected to drive the Flouropolymer Coating Market during the review period. Moreover, the use of flouropolymer coating has increased in number of industrial applications to protect machineries and equipment, which function in harsh environment. This, in turn, is expected to increase the demand for the product. 

Furtmermore, increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market.

Market Segmentation:

The Global Flouropolymer Protective Coating Market is segmented on the basis of Type, End Use, and Region.

Based on the Type, the market is divided into polyvinylidene fluoride (PVDF), flouroethylene vinyl ether (FEVE), polytetra flouroethylene (PTFE), fluorinated ethylene propylene (FEP), ethylene tetraflouroethylene copolymer (ETFE), and polyvinyl fluoride (PVF).

On the Basis of the End Use Industry, the Global Flouropolymer Coating Market is segmented into aerospace, construction, automotive, oil & gas, food processing, cookware and others. On the basis of the rergion, the market is classified into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Competitive Analysis:

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

Regional Analysis:

The Global Flouropolymer Coating Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR on account of expanding industries such as oil & gas, and food processing and urge to protect machinery in these industries during the review period 2017-2023.

North American Flouropolymer Coating Market is predicted to witness a rapid growth due to growing demand for new vehicles in the US is leading the way and with a combination of an aged fleet, new models, and attractive financing.

Growing demand for Flouropolymer Coating due to increasing expenditure on product innovation and purchasing power of consumers is predicted to drive the growth of the various European countries such as Italy, Germany, Spain, the UK, France, and Russia. Moreover, presence of major automobile manufacturers, specifically, in Germany is expected to give a new impetus to the market growth. In the Middle East region, increasing demand for architectural Flouropolymer Coating is one of the key drivers of the Flouropolymer Coatings Market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in Flouropolymer Coating.

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Extrusion Coating Market 2019 Sales, Revenue, Gross Margin, Market Share by Top Companies 2023

Products are coated for different reasons, sometimes for decoration and sometimes for protection. The coating protects an item from dust and rust, and sometimes, it enhances its look too. Due to the beneficial properties offered by coating, the item receives protection from weathering, corrosion, atmospheric gases, vapors, and liquids. This protection keeps the item's surface smooth. Hence, the market Extrusion Coating is a secure market with a lot of scope for growth right now. Nowadays, Extrusion Coating is being used increasingly in a number of industrial applications in a bid to protect machinery and equipment that operate in the harsh working environment. This is expected to raise the growth in demand for the Extrusion Coating.

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Market Research Future (MRFR) has published a research report about the Global Extrusion Coating Market that predicts the massive market growth with between 2016 and 2023. In terms of cash, the growth is expected to reach the US $ 25 bn by the end of 2023. The factors that are driving this market include the craze for more sophisticated packaging. Laminated and composite flexible structures are being used widely for packaging industrial materials. Such structures are being used for various packaging applications. Need for protective coating/covering on equipment, end decorative parts, industrial tools, and packaging industry is another major factor for driving the Extrusion Coating Market. Growing demand from packaging industry is widening the scope of the market in construction industries, food & beverages, healthcare, and medical sector. This is the third factor driving the market growth.

Industry Segmentation:

The Global Extrusion Coating Market has been segmented into Applications, Substrate, Types, and Region.

Based on Application, this market has been segmented into envelope, packaging, photographic, and others. Packaging plastics covered under extrusion coating are primarily used for laminating documents. Extrusion coating is used for photography packaging that prevents camera reels from catching dust.

On the Basis of the Substrate, the market has been segmented into, aluminum foils, paperboard, polymer films, and others. Aluminum foils are used for food packaging regarding drive-through orders. Coated paperboard has a better printing surface that. For wet strength food packaging, polyethylene (PE) resin is helpful. Polymer films are used for separating areas or volumes, to hold items, to act as barriers, or as printable surfaces.

By Types, the market has been segmented into ethylene vinyl acetate (EVA), low-density polyethylene (LDPE), polypropylene (PP), and others. EVA is the copolymer of ethylene and vinyl acetate. Hot melt adhesives (such as hot glue sticks) and top of the line soccer cleats are usually made from EVA, usually with additives like wax and resin. LDPE is useful for manufacturing different kinds of containers, dispensing bottles, plastic bags for computer components, tubing, wash bottles, and various molded laboratory equipment. PP is a thermoplastic polymer used in a wide variety of applications that include packaging for consumer products, plastic parts for various industries that include the automotive industry, special devices like living hinges, and textiles.

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The Regional Segmentation of the Global Extrusion Coating Market has been done in regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa (MEA). Due to the growing population, rapid economic growth, and the rising standard of living of the people, Asia Pacific is the leading market among all regional markets. Major markets in this region are China, India, and Japan, with China witnessing the fastest growth. Other small but significant markets in this region are Australia and New Zealand, followed by rest of the Asia Pacific. 

According to the report, North America is the second most significant market region. The United States of America (USA) is the major contributor in this region due to the presence of well-established and leading end-use industries such as foods & beverages and sports industry. Another important market in this region is Canada.

The third biggest regional market is in Europe. Due to rapidly growing demand for extrusion coatings by automotive, food & beverages, and healthcare industry, the biggest markets in this region are France, Germany, Italy, Poland, Russia, and the United Kingdom (UK). In Latin America, Mexico and Argentina are significant markets.

Due to rising industrialization and pacifying political & economic scenario in Brazil and Colombia, these two are other significant markets in this region. During the forecast period, this region is expected to hold significant market share. In coming years, Latin America and the Middle East & Africa are likely to make a significant contribution towards the growth of Global Extrusion Coating Market due to increasing global demand for the Extrusion Coating.

The MEA region holds relatively lesser shares in the Global Extrusion Coating Market, but that is expected to change in the near future on account of hitherto untapped growth opportunities in the construction sector. In this region, the biggest markets are Bahrain, Israel, Kuwait, Oman, North Africa, Qatar, Saudi Arabia, Turkey, and United Arab Emirates (UAE), followed by rest of MEA region.

Key Players:

The key players in the Global Extrusion Coating Market include Borealis AG (Austria), Celanese Corporation (USA), DowDuPont (USA), Eastman Chemical Company (USA), Exxon Mobil Corporation (USA), Formosa Plastics Corporation (Taiwan), Lyondell Basell Industries Holdings B.V. (The Netherlands), PPG Industries, Inc. (USA.), Reliance Industries Limited (India), SABIC (Saudi Arabia), and Solvay SA (Belgium).

Latest Industry News:

Oji Intertech Inc., a Japan-owned automotive and industrial parts manufacturer, has planned to expand its business operations in Wabash County. This expansion is expected to create up to 33 new jobs by 2021. Specializing in assembly, compression molding, diecutting, and extrusion coating, Oji Intertech, has plans to upgrade its machinery and equipment so that they can allow for an additional two molding lines starting in 2020. 12 JUL 2018

Nordson Corp. (Münster, Germany) has merged the capabilities of previously separate operations for the manufacture of melt delivery equipment and pelletizing equipment. The consolidation is expected to increase its effectiveness as a source of expertise for polymer processing components. Nordson’s U.S. location in Austintown, OH, also recently announced a wide-ranging new resource for extrusion and injection molding processors that covers all aspects of plasticating systems. 2 JUL 2018

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Aerogel Market 2019 Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Aerogel is known for its light weight and super-properties such as low conductivity, and fire-resistant properties. They demonstrate good grades of thermal conductivity similar to a vacuum panel which makes them ideal insulators not just to keep warmth in, but also to keep homes cool. This makes aerogel the best suitable solution for heat and sound insulation.

These ultra-light and highly compressible Aerogel materials are highly porous with strong absorption capacity which makes them excellently suitable for applications in areas where fluid absorption becomes crucial such as in hospitals and clinics to absorb rapid bleeding, in O&G Company for oil-spill cleaning, in personal care products such as sanitary napkins, and diapers.

Aerogel witness a huge uptake across its end-users industries which drive the market growth, driving a substantial demand across the world. Resultantly, the Aerogel Market is growing pervasively on the global platform.

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Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to MRFR, continuing with the same trends, the Global Aerogel Market is projected to demonstrate a significant growth rate during the review period (2017 to 2023).

Increased consumption of Aerogel by some of the prominent end-user industries such as Oil & Gas and construction is one of the key factor propelling the market growth. Other factors that fuel the market growth include growing population and improving economic conditions that have substantiated the industrialization & urbanization along with the consumer purchasing power.

Industry/ Innovation/ Related News:

March 19, 2018 – Researchers at Zhejiang University (China) published the study of carbon aerogels that they have designed in a recent issue of Nature Communications. The newly designed carbon aerogels are stretchable up to three times more than their original length, displaying elasticity same like a rubber band. Thus the added reversible stretch-ability may lead to a host of new applications of carbon aerogels.

April 05, 2018 – The research team at the department of mechanical engineering, NUS Engineering (Singapore) introduced the new material – cotton aerogel that they have developed using cotton-based fabric waste, like unwanted clothing. These materials are highly compressible, stronger and suitable for mass production hence, the production, storage, and transportation costs could be significantly reduced. Furthermore, the time span taken for manufacturing these cotton aerogel is merely eight hours and can be used for effective hemorrhage control and heat insulation.

Global Aerogel Market - Segments

For the convenience of understanding, MRFR has segmented the report into four key dynamics.

By Types: Comprises - Silica, Polymer, and Carbon.

By Processing: Virgin, Composites, and Additives.

By Applications: Oil & Gas, Construction, Transportation and Performance Coating, among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

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Global Aerogel Market - Regional Analysis

North America accounted for the leading market for Aerogel with the largest market share and is further estimated to grow at a significant CAGR by 2023. Factors substantiating the market growth include the growing consumption of insulation materials in oil & gas, construction, transportation, and others.

The augmenting demand for the product due to its lower installation costs and improved compression from the various end-user industries such as oil and gas pipelines mainly in the countries like the US, Canada, and Mexico has made these countries as the major contributor to the market growth, escalating the market to witness a higher growth over the assessment period.

Globally, Asia Pacific accounts for the second-leading market for Aerogel, owning a substantial market share. Availability of cost-comprehensive labour-force and growing exports are some of the key factors substantiating the market growth in the regional. Owing to the surging demand for Aerogel backed by the growing investments in the industrial sector and improved standard of living in some of the APAC countries such as India, China, and Japan the market size is widening considerably.

Increasing research & development activities of Aerogel product in the leading companies fuelled by the growing investments in the end-user industries are expected to drive the market in the region during the forecast period. Burgeoning sectors such as aerospace, marine, defense, electrical & electronics in China, Japan, and India have allowed these countries to achieve a stunning growth in the global space, driving the consumption of insulation materials.

The Europe region is emerging as one of the promising markets for Aerogel, worldwide. Factors such as the growing implementation of new rules and regulations proposed by the government to follow lower dense materials than steel in pipeline constructions support the market growth in the region. Owing to the major growth contributor countries such as Germany, UK, and Russia fuelled by the application of this rule in O&G, and construction sectors, Europe region is expected to register phenomenal growth records over the forecast period.

Key Players:

The Global Aerogel Market is led by some of the fervent players including, Aspen Aerogels, Inc. (US), BASF SE (Germany), Cabot Corporation (US), Nano High-Tech Co., Ltd. (China), Aerogel Technologies, LLC (Germany), Active Aerogels (Portugal), Guangdong Zhaoqing L&V Co. Ltd. (China), Enersens SAS (France), Svenska Aerogel AB (Sweden) and JIOS Aerogel Limited (US). Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition.

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Polymeric Adsorbents Market 2019 Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Market Overview:

Adsorbents are materials which can interact with specific substances and separate them from mixtures. Polymeric Adsorbents are synthetic materials which have the ability to adsorb various organic and inorganic compounds; hence they find their application in various industries such as food & beverage, textiles, pharmaceuticals, and chemical among others. Polymeric Adsorbents offer physical and chemical stability and better adsorption capacity as compared to other adsorbents. Polymeric Adsorbents have definite pore structure and high surface area.

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Polymeric Adsorbents are used in the food & beverage industry for removal of citrus juice debittering. They remove bitterness of the juices without altering the flavor and other components. They are also used for extraction of polyphenol (antioxidants) and recovery of plant extracts or natural sources from blueberries, cranberries and pomegranates, grape seeds and skins, pine bark, olive pulp, etc., for neutraceutical purposes. They are also used in Patulin removal from fruits, corn sweetener refining and more. Polymeric Adsorbents also find their application in adsorption of gases and organic vapors, adsorption of organic pollutants from aqueous solutions, enzyme immobilization, and size exclusion chromatography for inorganic salts. In the pharmaceutical industry, polymeric adsorbents are used for extracting peptides, antibiotics and proteins and also for purification and separation process. Polymeric Adsorbents are used for wastewater treatment in chemical industries, dye recovery in textile industry and also dye removal from industrial effluents. Polymeric Adsorbents also find their application in adsorption of gases and organic vapors, adsorption of organic pollutants from aqueous solutions, enzyme immobilization, and size exclusion chromatography for inorganic salts. The demand of polymeric adsorbents in various end-use industries has driven the market for Polymeric Adsorbents. Also, increasing concerns of regulatory authorities over water contamination and water treatment has affected the Polymeric Adsorbent Market as they have proven to be very effective in wastewater treatment.

According to a research report published by Market Research Future (MRFR), the Global Adsorbent Market is set a capture a CAGR of 6.5% in coming years which will reflect favorably on the Global Polymeric Adsorbents Market.

The most important advantage that Polymeric Adsorbents offer is availability at a low price and easy regeneration. Other adsorbents such as activated carbon are not only costly but also the regeneration of carbon is a complicated and expensive process. Polymeric Adsorbents are a safe, cost-effective and efficient alternative to conventional adsorbents.

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While Polymeric Adsorbents are being used intensively in industries, used Polymeric Adsorbents are a matter of concern. Used Polymeric Adsorbents have low degradability and high environmental accumulation and have been reported to cause fire, stinks and explosions on being released into the environment. Stabilization or proper disposal of used adsorbents involve high costs, although they can be reused. However, R&D activities are undertaken which will help overcome the price and disposal concerns.

Segmentation:

The Global Polymeric Adsorbents Market is segmented into three key dynamics based on Region, End-Use Industry and Type.

Based on Types, the market is segmented into aromatic (cross-linked polystyrenic matrix), modified aromatic (brominated aromatic matrix) and methacrylic (methacrylic ester copolymer) and others.

Based on End-Use Industries, the market is segmented into textile, chemicals, pharmaceuticals, and food & beverage and others.

By Region, the market is segmented into five key dynamics – Asia-Pacific, North America, Latin America, Europe and Middle East & Africa.

Competitive Analysis:

The Global Polymeric Adsorbents Market comprises of many large and small vendors. Companies like Mitsubishi Chemical Holdings Corporation (Japan), Ajinomoto Fine-Techno Co. Inc. (Japan), Sunresin New Materials Co. Ltd. (China), Biopharm Co., Ltd (China), Amicogen (China), Shanghai Bairy Technology Co., Ltd. (China), The DOW Chemical Company (U.S), Purolite (U.S.), Sigma-Aldrich Co. LLC (U.S.), CHEMRA COMPANY (Germany), and Thermax Global (India) are the major players operating in the industry.

Regional Analysis:

The Global Polymeric Adsorbents Market is segmented into five key regions – Asia-Pacific, North America, Europe, Latin America and Middle East & Africa. Asia-Pacific holds the most significant market share and is also the fastest growing market for polymeric adsorbents owing to the rapid development of pharmaceuticals and chemical sector in the region. India and China contribute mainly to this market share on account of the presence of many end-user industries. North America follows Asia-pacific in the market share. The U.S. is the largest market in the North American region which growing considerably due to the growth of the chemical and food & beverage industry. The Europe Polymeric Adsorbents Market is comparatively smaller than the other markets. There is a massive demand in Germany, Belgium, and U.K. for Polymeric Adsorbents in end-use industries such as food & beverage and textiles industry which makes these countries the key contributors in the region. Also, the presence of many major players in the region can drive the market in future. The growth of end-use industries such chemical and pharmaceutical in Latin America holds potential growth opportunities and the market is foreseen to grow at a significant CAGR during the forecast period. The Middle East and Africa region store potential growth and investment opportunities in end-use industries such as chemical and textile which would result in the expansion of the market in the coming years.

Industry Updates:

CycloPure Inc., a company which deals with next-gen water purification adsorbents, announced in March 2018 the receipt of Small Business Innovation Research (SBIR) Phase I grant being awarded by the National Institutes of Health. The company intends to develop its CD-PFAS High-Affinity Cyclodextrin Polymer (HACP) adsorbent which finds its application in wastewater treatment.

The Council for Scientific and Industrial Research (CSIR) is in the process of developing a low-cost polymer based adsorbent technology known as Nanoclay. It is being designed primarily to address the issue of acid mine drainage.

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Poly Aluminum Chloride Market 2019 Overview, Outlook, Segmentation, Applications, Forecast, Analysis 2022

Poly Aluminium Chloride Market – Market Overview

Poly Aluminium Chloride (PAC) is strong salt of aluminium chloride that is available in liquid and solid form. The powder form of PAC is growing steadily and well known to absorb moisture when exposed to atmosphere. Whereas the liquid form is gaining high importance owing to its high availability of raw materials such as hydrochloric acid, calcium carbonate and aluminium hydroxide among others and easy application with very less sludge generation. PAC is known for efficient coagulation and flocculation in the wastewater treatment industry. The competitive advantage of PAC market is effective in wide pH range, reduce sedimentation time, coagulated effectively in high as well as low turbidity water which makes an ideal choice in various applications including waste water treatment, paper industry, cosmetic additives, oil & gas and others.

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Global Poly Aluminium Chloride Market is projected to reach USD 833.1 million by 2022 with a CAGR of 5.09% during forecast period 2016-2022. The protuberant factors driving the Global Poly Aluminium Chloride Market are, growing demand of PAC in wastewater treatment application coupled with rising demand of paper sizing chemicals in paper and pulp industry. Rising demand for waste water treatment in developing regions on account of growing population and increasing industrial activities are anticipated to drive the demand of PAC market. Huge expenditure on research and development on improving water supply condition by government bodies are further expected to drive the product growth. Moreover, increasing awareness among consumer to drink safe water and keep environment safe has led the involvement of environment and government agencies to promote these activities which in turn expected to augment the market growth. The Global Paper and Pulp Chemical Market is estimated to reach 80 million tons by 2022. Paper sizing chemicals such as poly aluminium chloride and polyacrylamide are used to enhance the starch performance. Thus, increasing consumption of paper as replacement to plastic bags can further attributed to growth of poly aluminium chloride market. Subsequently, poor infrastructure of water treatment industry in emerging market is poised to be restraint the growth of Poly Aluminium Chloride Market.

Among application, waste water treatment is leading segment and account for 62% of market share in 2016 followed by paper and cosmetic industry. PAC helps the impurities to floc or coagulate in the water purification process. Thus, major companies are seeking this method and replacing alum to treat the water with cost effective way. PAC is also employed in personal care and cosmetic products along with paper sizing chemicals. Rising demand of paper, cardboard, corrugated boxes and tissues in packaging industry are further anticipated to drive the market growth. 

Asia Pacific accounts for 49.2% of market share in 2016 and expected to grow at CAGR of 5.39% during forecast period. Rapid urbanization, changing standard of living and rising awareness regarding hygiene and sanitation has led to growth of Poly Aluminium Chloride Market. The Middle East cosmetics & personal care market holds huge potential growth and is one of the fastest growing market for cosmetic products owing to various factors such as, growing young population in the region and substantial spending on premium cosmetics & personal care products. Thus, rising demand of Poly Aluminium Chloride in Middle East market. Latin America witnessed sluggish growth owing to limited scope of application.

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Industry/ Innovation/ Related News:

December 2016 - Kemira has launched a new product as Kemira PAX-Xl 1900. In north America customers have made a switch to Kemira PAX-XL 1900 as it provides high concentration, high basicity, and aluminium based chemistry. Additionally, simplifies water treatment and reduces treatment costs. With all inorganic coagulant chemistry, which includes full range of aluminium as well as iron coagulants, Kemira is offering a portfolio with best wastewater treatment solutions. This would benefit the company to meet the customer requirement and help the company to increase their market share.

June 2015 - Kemira expands its water treatment chemicals plant in Tarragona, Spain. This site is one of the Europe’s largest production plant for manufacturing water treatment chemicals. This also includes manufacturing of sizing agents used in paper and pulp industry along with entire range of aluminium and iron-based coagulants such as poly aluminium chloride, aluminium sulphate and ferric chloride. This expansion has allowed the company to reduce transportation cost of raw materials and maintain its customer relationship. Through backward integration, company is holding competitive position with high supply reliability and logistic flexibility.

February 2015 – GEO Specialty Chemicals, Inc. has expanded its company in Texas, United States. The manufacturing plant is producing highly active PAC products. This expansion will benefit the company to deliver cost effective specialty chemical products with stringent regulatory standards. The company holds, 16 water treatment centres throughout southeast United States with supporting municipal water treatment systems in North America.

Poly Aluminium Chloride Market – Competitive Analysis

Poly Aluminium Chloride Market is fragmented market with presence of various small and large players active in regional market. Majority of market participants has adopted strategies such asacquisition, agreement, collaboration, expansion, investment, partnership and product launch. Under this section, analysis of various strategies through strengths and weaknesses, growth models, products and services are compared to competitors. Expansion and acquisition are key growth strategy adopted by Poly Aluminium Chloride manufacturers. For instance, Kemira one of the major player in global PAC market, in 2014, expanded its water treatment chemical plant in Dormagen (Germany). Similarly, in 2015, expands its water treatment chemicals plant in Tarragona, Spain. Moreover, product launch is another major strategy adopted by key players to increase their market share.

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Lithium Hydroxide Market 2019 Opportunity, Growth Analysis Forecast 2023

Market Synopsis:

According to Market Research Future (MRFR)’s assessment report offered, the Global Lithium Hydroxide Market is expected to grow steadily but constantly over the forecast period 2017 to 2023. The growth of the battery market is likely to augment the demand for lithium in the upcoming years. Lithium Hydroxide is excessively used in the battery industry to support the production & sales of consumer electronics as well as automobiles. The growth of the end-user industries is expected to drive the expansion of the market over the next few years.

Rapid industrialization is poised to unleash growth opportunities for the players of the Lithium Hydroxide Market. The growing demand for Industrial Lubricant is anticipated to revolutionize the growth trajectory of the market in the years to come.

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The rising inclination towards electric cars is likely to multiply the consumption of Lithium Hydroxide over the assessment period. Additionally, the increasing solar PV installations have also intensified expansion of the battery market. It is expected to catapult the Lithium Hydroxide Market on an upward trajectory. On the flip side, price volatility of raw materials is poised to restrict the growth of the global market over the next few years.

Market Segmentation:

On the Basis of the Application, the Global Lithium Hydroxide Market has been into batteries, ceramic glass, lubricant grease, and air-conditioning segments.

On the Basis of End-Use, the Lithium Hydroxide Market has been segmented into automotive, electrical & electronics, marine, aerospace, and others.

Regional Analysis:

The Global Lithium Hydroxide Market, by region, has been segmented into Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is expected to retain its command over the maximum share of the market in the upcoming years. The exponential growth of the battery industry is poised to dictate the acceleration in revenue creation across the review period. Major country-level markets that are expected to flourish in the region are China, Japan, South Korea, and India.

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The report indicates that North America is anticipated to proliferate significantly over the assessment period. Investments are likely to flow towards the market in the upcoming years. In addition, the substantial increase in demand for lithium-ion batteries is prognosticated to boost the future trajectory of the Lithium Hydroxide Market in the region.

Europe is forecasted to thrive significantly owing to the supportive laws and regulations. The enforcement supporting the adoption of light-weight components in the end-user industries are expected to propel the expansion of the Lithium Hydroxide Market in the region.

Industry News:

In February 2019, Albemarle Lithium, an industry leader in lithium and lithium derivatives, has awarded a contract to engineering company Civmec for the development of lithium hydroxide plant Kemerton Strategic Industrial Area, Australia. The construction cost will be around USD 1.3 Bn.

In February 2019, Quebec-focused Nemaska Lithium has ratified its multi-year lithium supply deal with a producer Livent.

In December 2018, Kidman Resources, Melbourne, Australia, has announced the signing of a memorandum of understanding (MoU) for the supply of lithium hydroxide to South Korea’s LG Chem from the Mt Holland lithium project in Western Australia.

In October 2018, Canada-based Critical Elements Corporation, has announced the successful conversion of spodumene concentrate from the Rose Project into battery grade lithium hydroxide at the Outotec Research Center using a thermal leaching process.

In September 2018, Ganfeng Lithium, China’s No.1 producer of lithium, has announced the signing of a deal with Tesla, which is an American automotive and Energy Company, for the supply of 20 percent of its total production.

In February 2018, Nemaska Lithium Inc., a lithium hydroxide supplier and lithium carbonate supplier, has sent lithium hydroxide monohydrate samples to potential customers as a part of its marketing strategy.

Competitive Dashboard:

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

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Malic Acid Market 2019 Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Market Overview:

Global Malic Acid Market is witnessing healthy growth over the last few years mainly due to its use as fruit additive. It is extensively used to enhance flavour in food, beverages, and confectionaries on order top crest distinctive taste experience. Food and beverages has always been the key market for malic acid, and majorly driving global market growth. Massive growth in F&B industry itself has resulted in strong demand for Malic Acid over the past few years. Nevertheless, increasing application scope of Malic Acid in personal care such as anti-ageing products is expected to positively influence market growth over the forecast period.

Competitive Analysis:

Key players of the Global Malic Acid Market are Bartek Ingredients Inc. (Canada), Changmao Biochemical Engineering Company Limited (China), Fuso Chemical Co., Ltd. (“Fuso”) (Japan), Isegen South Africa (Pty) Ltd (South Africa), Polynt S.p.A (Italy), Thirumalai Chemicals Ltd. (TCL)(India), Anhui Sealong Biotechnology Co. Ltd. (China).

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Market Segmentation:

The Global Malic Acid Market is majorly segmented on the basis of Type, End Use and Region.

Market Segmentation Based on Types of Malic Acid includes L-malic acid, DL-malic acid, and D (+)-Malic Acid. Wherein, L-malic acid is the largest used type of malic acid and occupied majority of the market share. As compared to other type, L-malic acid is naturally derived and is used in the production of healthy juices, jellies, candies, supplement and skin care products. DL-malic acid is expected to witness fastest growing segment with a CAGR of 4.85% during forecast period of 2017 to 2023.

Furthermore, on the Basis of End Use, global market has been segmented into food and beverages, pharmaceuticals, personal care and other industries. Food and beverages industry was the major end-use segment and is set to continue its dominance over the next seven years. The industry accounted for almost two third of global market share and is poised to reach USD 740 million by 2023. Malic Acid mainly performs the role of fruit additive to enhance flavour and provide sour taste is extensively used in food & beverages. Personal care applications of Malic Acid is growing currently, particularly in anti-aging products due to its ability to control pH level and higher buffer capacity. This particular segment is projected to emerge as most lucrative segment in the years to come due to increasing personal care application with a CAGR of 4.30%.

Regional Analysis:

As of 2016, Asia Pacific emerged as global leader in the Malic Acid Market followed by North America and Europe. The region is also a key consumer of Malic Acid and occupied more than half of the global market. China and India are the major regional markets owing to increasing urban population and changing consumer lifestyles resulting in significant growth of packaged food & beverages. Factors such as higher adoption of carbonate beverages, consumer shifting trend towards processed food have encouraged demand. Huge investment is underway on research and development in order to develop new product formulations from key industry participants.

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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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Graphene Market 2019 Overview, Outlook, Segmentation, Applications, Forecast, Analysis 2023

Graphene is considered as a wonder material, finding wide applications in areas ranging from practical solutions like water purification/filtration systems and faster internet speeds to measuring brain activity. The already widened application area of Graphene is expanding by leaps and bond, finding a new application area every so often.

Recently, North-western University (US), a private research university announced a new application of Graphene as nontoxic, anti-static hair dye. This research has ended the era of the toxic hair dyes. Hence graphene, the miracle material will now be used in the manufacturing of the ultimate hair dye.

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Graphene seems to be tailor-fit material for Elon Musk’s vision of “wizard hats for the brain” a reality.  Musk’s neurotechnology start-up, Neuralink is aiming to create brain-computer interface systems (neural lace technologies) along with the advances in Graphene. This is the best example that defines why Graphene is called as the wonder material, presaging the further heights this material is ascending ion the global space.

Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to MRFR, the Global Graphene Market garnering further prominence is projected to ascend to approx. 811.40 million USD by 2023, registering a massive CAGR of approximately 43% during the review period (2016 to 2023).

The growth of the market is predominantly driven by the augmenting demand in the various burgeoning end-user industries such as automotive, aerospace, pharmaceutical, energy, coatings, electronics, and chemical, among others.  Other factors fuelling the market growth include growing population and improving economic conditions that have substantiated the industrialization & urbanization along with the consumer purchasing power. Also, increasing demand for Graphene-based products and favorable government regulations are expected to propel the market growth over the forecasted period.

Global Graphene Market - Segmentations

For the convenience of understanding, MRFR has segmented the report into three key dynamics.

By Types:  Graphene Oxide (GO), Few Layer Graphene (FLG), Graphene Nanoplatelets (GNP), Mono-Layer & Bi-Layer Graphene, among others (3D graphene foams, pristine graphene).

By End-User Industries:  Automotive, Aerospace, Pharmaceutical, Energy, Coatings, Electronics, and Chemical, among others (composite, catalysts, filtration, adhesives).

By Regions:  North America, Europe, APAC and Rest-of-the-World (RoW).

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Global Graphene Market   - Geographical Analysis

North America accounted for the leading market for Graphene with the largest market share and is further estimated to grow at a significant CAGR by 2023. Factors substantiating the market growth include the rapid industrialization, the presence of the numerous producers and the substantial demand for the product from the various end-user industries such as electronics and aerospace mainly in the countries like the US, Canada, and Mexico.

The U.S. backed by the greater penetration of end-user industries in the country, accounts as the major contributor to the market growth among other North American countries.

Other factors such as strict regulatory framework and high rate of technology adoption, in developed regions such as North America and Europe are estimated to witness the significant growth.

Globally, Asia Pacific accounts for the second-leading market for Graphene, owning a substantial market share. Availability of cost-comprehensive labor-force and growing exports are some of the key factors substantiating the market growth in the regional. Owing to the surging demand for Graphene backed by the growing investments in the industrial sector and improved standard of living in some of the APAC countries such as India, China, and Japan the market size is widening considerably.

Whereas, the Europe region is emerging as one of the promising markets for Graphene, worldwide. Factors such as the growing applications in the well-developed end-users industries such as automotive, aerospace, pharmaceutical, and energy support the market growth in the region. Owing to the major growth contributor countries such as Germany, UK, and Russia, Europe region is expected to register phenomenal growth records over the forecast period.

Key Players:

The Graphene Market is led by some of the fervent players including, Vorbeck Materials (US), CVD Equipment Corporation (US), Graphene NanoChem (UK), Angstron Materials, Inc.(US), XG Sciences, Inc. (US), Graphene Laboratories, Inc. (US), Graphenea Inc. (US), BGT Materials Limited, Ltd (UK), Grafoid Inc. (North America), and Haydale Limited (UK). Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition.

Industry/ Innovation/ Related News:

July 04, 2018 – A group of researchers at the International School for Advanced Studies (SISSA Italy) and the Catalan Institute of Nano-science and Nanotechnology (ICN2 - Spain) published their recent study, demonstrating how graphene could be combined with neurological tissue, allowing the material to become a valuable tool for medicine and other biological processes.

These results further demonstrate that graphene might exhibit neuronal activities, altering ion mobility at the cell interface depending on the way the single-layer graphene is engineered. Therefore, graphene-based nano-materials will represent themselves as potential tools in neurology and neurosurgery.

July 05, 2018 – Directa Plus S.p.A (Italy), a producer and supplier of graphene-based products announced the receiving of further extension of the contract from Alfredo Grassi S.p.A. (Italy), a manufacturer of customized protective clothing, work wear and uniforms for private and public companies. The duo had collaborated to develop graphene-enhanced clothing and other textile products.

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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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Glycolic Acid Market 2019 Opportunity, Growth Analysis Forecast 2023

Market Overview:

Glycolic Acid is a component in the group of active compounds known as alpha hydroxy acids or AHAs and is highly soluble in water. It can also be obtained from cane sugar and other sugar crops. Market Research Future (MRFR) has published a report asserting that the Global Glycolic Acid Market is marked to expand at a notable CAGR of 6.09% during the forecast period of 2017-2023.

Key Players:

The players in the Global Glycolic Acid Market are aiming towards business expansion by introducing innovative application range of Glycolic Acid in various end-use industries. The initiatives like strategic mergers and acquisitions are aiding these players in creating dominance over the competitive environment on the Global Glycolic Acid Market. The major players profiled by MRFR that are operating in the Global Glycolic Acid Market are the Chemours Company, Phibro chem, CrossChem LP, CABB Group, Sigma-Aldrich Corporation, Zhonglan Industry Co, Mehul Dye Chem Industries and others.

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Market Drivers and Restraints:

Glycolic Acid is majorly utilized for the production of personal care products such as skin creams, lotions, moisturizers, shampoo formulations and others. The benefits of Glycolic Acid in treating skin conditions like breakouts, acne, clogged pores and others are inducing high demand for skin care products that contain Glycolic Acid as their major component, which in turn is propelling the expansion of the Global Glycolic Acid Market. Multiple industrial uses of glycolic acid such as it is used in the formulation of polyglycolic acid which is then utilized for the extraction of shale gas and utilization of Glycolic Acid for the production of PET bottles owing to its biodegradable nature are some other factors that are driving the growth of the Global Glycolic Acid Market. However, stringent regulatory framework over the production and utilization of Glycolic Acid and allergic reaction towards the use of skin care products made from Glycolic Acid are likely to restrain the growth of the Global Glycolic Acid Market during the forecast period.

Market Segmentation:

The Global Glycolic Acid Market has been segmented on the basis of Source and Application.

Based on Source, the Glycolic Acid Market has been segmented into natural and synthetic.

Based on Application, the Glycolic Acid Market has been segmented into personal care, textile dyeing and finishing, oil field, petroleum refining and others. The personal care application segment commanded for the major share in the Global Glycolic Acid Market owing to the high demand for Glycolic Acid in the production of various skin care products and hair nourishment solutions.

Regional Analysis:

Geographically, the Global Glycolic Acid Market has been segmented into Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. The North America region commanded for the major share in the Global Glycolic Acid Market and has been forecasted to expand at a CAGR of 6.23% during the assessment period. Rise in demand for skin care products that have Glycolic Acid as their main component and growing application of Glycolic Acid in various end-use industries are propelling the growth of the Glycolic Acid Market in the North America region. Rise in research and development activities for introducing larger application areas of glycolic acid and increased production of product made from Glycolic Acid are fueling the growth of Glycolic Acid Market in the Europe region. Increased application of Glycolic Acid in rapidly growing personal care and textile industries in the emerging economies such as India, China and Australia are leading to the significant expansion of the Glycolic Acid Market in the Asia Pacific region. The Middle East and Africa region is projecting steady growth in the Global Glycolic Acid Market owing to the low utilization of personal care products that are rich with Glycolic Acid and low demand for glycolic acid in other industrial sectors of the underdeveloped areas in this region.

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

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

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