CMEPC: August 2019

Friday 30 August 2019

Plastic Films Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2025

Plastic Films Market – Overview

The demand for packaging films has gained momentum with increasing demand from end user bases. Reports that gauge the polymers and plastic industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is expected to achieve USD 146,813.87 million in earnings by 2023 with CAGR of 5.4% roughly on the forecast period.

The positive movement in consumer demand trends globally has boosted the growth pace of the Plastic Films Market. Also, the emphasis on sustainability and bio plastics is anticipated to urge further development of the Plastic Films Market. Moreover, progress in the end user industries is expected to broaden the scope of development of the market in the forthcoming years.

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Segmental Analysis:

The segmentation of the Plastic Films Market is carried out based on Types, Technology, End Users and Region.

Based on Technology, the Plastic Films Market is segmented into barrier polymer films, nanocomposites, biodegradable films, and water-soluble films.

Based on Types, the Plastic Films Market is segmented into LDPE, LLDPE, HDPE, PET films, polypropylene films, PVC films, and others such as polystyrene, polyvinyl butyral, polyamide and polyester.

Based on the End Users, the Plastic Films Market is segmented into consumer goods, packaging, electrical, construction, pharmaceutical, and others such as agriculture and household.

Based on the Region, the Plastic Film Market is segmented into APAC, North America, Europe, Latin America, and Middle East & Africa.

Detailed Regional Analysis:

The regional study of the Plastic Film Market includes regions such as APAC, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region is the principal market of Plastic Films owing to the demand in a variety of end user industries such as packaging and consumer goods industry in China trailed by nations such as Japan and India. The growing demand in consumer trends for the packaging industry chiefly, in Taiwan, India, and South Korea have made the Asia Pacific region the major consumer of the Global Plastic Films Market trailed by the increasing consumption of Plastic Films Market in the North America region. The third prime market for plastic films is the European region. Moreover, regions such as Latin America and Middle East are also observing growth in the demand for Plastic Films Market owing to a range of application such as consumer goods, packaging, construction, electrical, pharmaceutical, and others.

Competitive Analysis:

A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period. The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The growth turnaround in the market is expected to activate new opportunities for expansion of the market. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period.

The noteworthy players contributing to the Plastic Films Market globally are Amcor Limited (Australia), Jindal Poly Films Ltd. (India), E. I. du Pont de Nemours and Company (US), Garware Polyester Company (India), Sealed Air Corporation (U.S.), Polyplex Corporation Limited (India), Vibac Group S.p.a. (US), Bemis Company, Inc. (U.S.), Toray Industries Inc. (Japan), Inteplast Group (US), and Others.

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Industry Updates:

Apr 2019 Eastman has disclosed the opening of a new innovation called ‘carbon renewal technology’ supposedly able of recycling some of the most difficult plastic waste, together with non-polyester plastics and mixed plastics that cannot be recycled with usual recycling technologies. With this novel recycling technology, materials such as flexible packaging and plastic films, along with others, can be diverted from landfills and transformed into building blocks for downstream chemical manufacture.

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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Geomembranes Market Growth – Key Futuristic Trends and Competitive Landscape 2025

Geomembranes are thin continuous polymeric sheets that are used to control the movement of fluid or gas in human-made projects, structures, or systems. The primary function of a Geomembrane is the prevention of contamination from grounds and pollutants in commercial, residential and transportation infrastructures.

Geomembranes are widely used in water and waste management sectors, landfills, and mining sector, among others, for the prevention of gas leakage, to reduce percolation of surface water into the ground, and protection of groundwater from pollution and contamination. According to Market Research Future (MRFR), the Global Geomembranes Market is estimated to grow exponentially at a 9.5% CAGR over the forecast period and value at USD 4.05 billion by the end of the forecast period 2016 to 2023.

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On the other hand, the growing integration of other geosynthetic materials, including clay lining systems and geonets, is likely to pose a threat to Geomembrane during the forecasting period.

Key Players:

Key market players of the Global Geomembranes Market are Carlisle SynTec Systems (U.S.), Colorado Lining International, Inc. (U.S.), Firestone Building Products Company, LLC (U.S.),Agru America, Inc. (U.S.), GSE Environmental, LLC (U.S.), Solmax International, Inc. (Canada), Atarfil SL (Spain), Plastika Kritis S.A. (Greece), Officine Maccaferri S.p.A (Italy), NAUE GmbH & Co. KG (Germany), and others.

Segmental Analysis:

The Global Geomembranes Market is segmented based on Types, Technology, Applications, End User and Region.

Based on Geomembranes Type, the market has been segmented into HDPE, LDPE, LLDPE, PVC, EPDM, PP, and others. HDPE is the most widely used segment and has a massive demand, owing to its easy installation and enhanced thermal stability. It is estimated to lead the market share over the forecast period.

Based on the Technology of Geomembranes, the market is segmented into the blown film, cast film, laminations, and others. Thirdly, based on the application of Geomembranes the market is segmented into waste and landfills, mining, water storage, canals, oil & gas, and others. Mining segment is leading the market share and is likely to rise at the highest CAGR over the forecast period, or the prevention of leakage, offering drainage solutions and protect soil contamination.

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Based on the End-User Application, the market has been segmented into additives, flavor enhancers, preservatives, acidity regulators, and others.

Based on End-User Industry, the market segmented into aquaculture, agriculture, water management, industrial packaging, petrochemicals, building & construction, and other. Water management is the leading segment and is estimated to sustain its market growth over the forecast due to the increase in water consumption related activities, civil construction, and groundwater protection.

Based on the Region, the Global Geomembrane Market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

Regional Analysis:

The Asia Pacific leads the largest market share in terms of demand and is estimated to sustain its dominant market standing over the forecast period. The rise in foreign investments in the oil and gas sector and civil construction industry in China, India, and other Southeast Asian countries are expected to raise the demand for Geomembrane in the region during the forecast period.

Additionally, the growth of the construction sector in China and India with favorable regulation policies to improve infrastructure is expected to contribute to the demand in the Global Geomembrane Market.

Europe is the second largest regional market in the Global Geomembrane Market and is estimated to grow significantly over the forest period, owing to the strict regulations for the adoption of waste management practices in public and industrial sectors by the governments of European countries, especially Germany.

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Automotive Adhesives Market Global Growth by Manufacturers, Major Application Analysis & Forecast To 2022

Automotive Adhesives are a lightweight method that helps in joining the composites as well as plastic materials for automotive. It is used primarily for the construction of electronics and the interior parts of automotive. The Global Automotive Adhesives Market is expected to grow significantly in the forthcoming years as per the released report by the team of Market Research Future (MRFR).

The key drivers identified behind the growth of the market is the increasing demand for low carbon emitting and lightweight vehicles that supports the usage of materials like aluminum. This helps reduce the weight of the automotive and subsequently leads to the use of Automotive Adhesives. Add to this, advancements in technology concerning the manufacturing of automobiles and the adoption of smart cars is another key driver of the market.

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However, amidst these positive points, the Automotive Adhesives Market may experience restrain in its growth due to a number of reasons. This is due to the fluctuating cost prices of raw materials that is required for the production of automotive adhesives. At the same time, the gap between the demand as and supply chain is also creating a hindrance to the growth of the market in equal fashion. The key players in the market are working dedicatedly to tackle such situations by strengthening their supply chain.

Competitive Landscape:

H.B. Fuller Company (U.S.), Ashland Specialty Chemical Company (U.S.), The Dow Chemical Company (U.S.), BASF (Germany), 3M Company (U.S.), Covalence Specialty Adhesives LLC (U.S.), Dynea International Oy (Finland), Henkel (Germany), Hindustan Adhesives Limited (India), Hexion Specialty Chemicals Inc. (U.S), and others.

September 12, 2018, LG Chem mentioned that it has acquired Uniseal, a specialist in US automotive adhesives. The move is expected grab hold of the demand for those materials in the automotive sector as the drive to switch towards light vehicles continues.

Regional Analysis:

The regional segmentation of the Automotive Adhesives Market covers the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Asia Pacific leads the global charts of the Automotive Adhesives Market with the highest share percentage. This is due to the proliferating adoption and demand for light-weighted materials in the automotive industry. The region is attracting various foreign investors as well, who are encouraging the automotive manufacturers to migrate their production hubs to emerging countries in the Asia Pacific region, like India, China, and Japan. This is centered-around the mass availability of competitive logistics in the region, namely workforce, raw materials, and land, which are of utmost requirement for the production of these Automotive Adhesives. Add to this, the changing yet ameliorating economy in this region is also expected to boost the demand for this product.

North America is another key and prominent region in the global market for Automotive Adhesives. It is reported to exhibit the fastest growing market potential among the mentioned regions. Various factors aid in the proliferation of the region; the increasing investments in the end-user industry, advancements in technology, the presence of major players, and the increasing consumption of adhesives in the sector being some of the crucial factors of growth. Furthermore, the growth of the region is such that it is expected to contribute massively to the GDP of the region during the forecast period.

The European market is one that is slated for significant growth and expansion in the coming years. The booming automotive sector herein is expected to cause a major shift and position it as a promising regional player. The region is driven by continued innovation and advancements in technology across leading countries like Germany, the UK, France, and Italy.

Market Segmentation:

The Global Automotive Adhesives Market segmentation is based upon the following two dynamics: Type and Application.

By Type, the market includes polyamide, polyurethane, acrylic, and others.

By Application, the market includes powertrain, paint shop, assembly, and others.

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Wednesday 28 August 2019

Plastic Compounding Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Market Analysis:

The Global Plastic Compounding Market is expected to touch USD 7, 62, 472.7 million at a striking 6.03% CAGR over the forecast period (2017-2023). The process of compounding is used for converting the base resin into the desired plastic, which is more effective, uniform and usable in different applications. Traditionally plastics have been utilized in numerous applications including construction materials, electronic components, furniture, toys, packaging and automotive components. The plastic compound manufacturing includes three raw materials or ingredients- Plastic Compounding fillers, plastic compounding additives and plastic compounding polymers. This process allows use of polymer variants namely PP (Polypropylene), PE (Polyethylene) and PVC (Poly Vinyl Chloride) in the creation of an array of products. Based on the effective utilization of compounding methods, plastic has succeeded in emerging as a viable substitute to metal and glass.

There are many factors that is fueling the growth of the Plastic Compounding Market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include growing alternative of alloys and metals with plastic counterparts that are lightweight, advancement in technologies, increase in the need for polyethylene in transportation and packaging applications, its increasing demand in consumer goods, automotive components and electrical components, increasing demand for lightweight and high performance vehicles from users, stringent norms taken by the auto regulation authorities towards reduction in weight and efficiency improvement of vehicles and the trend of using recycled and bio-based plastic.

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On the contrary, constant development and updates undertaken by the plastics associations and environmental agencies on recycling norms, environmental policies, application scope and utilization quantity coupled with instability in petrochemical prices may hinder the growth of the Plastic Compounding Market over the forecast period.

Market Segmentation:

In the Market Research Future (MRFR) report, the Plastic Compounding Market has been segmented based on Product and Application.

Based on Product, it is segmented into polybutylene terephthalate, thermoplastic vulcanizates, thermoplastic polyolefins, polycarbonate, polyamide, acrylonitrile butadiene styrene, polystyrene, polyethylene terephthalate, polyvinyl chloride, polyethylene and polypropylene. Of these, polypropylene will have the largest share in the plastic compounding market owing to serviceability and high impact resistance that has propelled its demand in the automotive industry.

Based on Application, the Plastic Compounding Market is segmented into optical media, medical devices, industrial machinery, consumer goods, packaging, construction, electrical and electronics and automotive. Of these, the automotive segment will lead the market owing to plastic playing the chief role in automotive components production.

Regional Analysis:

Based on Region, the Plastic Compounding Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Of these, the APAC region will remain a lucrative market over the forecast period owing to rising demand from booming electrical and electronics and automotive industries along with exponentially increasing population, rising purchasing power and also the consolidation of the emerging markets including India, Thailand, China and South Korea is anticipated in creating opportunities for market players here. APAC will be followed by Europe which has the second largest share in the market and is expected to stay highly lucrative. The Plastic Compounding Market in North America will have a significant growth owing to rise in automotive production and increasing need for lightweight automobiles.

Key Players:

Leading players profiled in the Plastic Compounding Market include Total SA, LANXESS AG, 3M (Dyneon GmbH), SO.F.TER S.r.l, Covestro AG, Asahi Kasei Corporation, Versalis S.p.A (Eni S.p.A), BASF SE, DowDuPont, INEOS, Borealis, SABIC, and LyondellBasell Industries NV.

Aug 2018- Americhem Inc., the leading materials maker recently had added a line at its plant situated in Suzhou, China for the soft polymer compounding. This will help in convenient polymer compounding such as thermoplastic polyurethane as well as other thermoplastic elastomers. The new line features an automated underwater pelletizer which paves the way for the processing of TPEs, TPU and other similar materials to cater to the rising demand for materials having a soft touch. It will also comprise of high-end twin screw extruders having side feeders, huge drying hopper and liquid feeding system.

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Iodine Market Growth – Key Futuristic Trends and Competitive Landscape 2023

Industry Trends:

Iodine usage is getting precedence in formation of fluorine derivatives. Demand for lightweight components in sectors such as automotive & transportation, construction, and consumer electronics are bolstering the sale of aluminum, and its smelting requires fluorides. Furthermore, dental treatments can significantly boost the fluorine market and as a consequence iodine market can gain favorable winds.

Iodine is an ingredient that is necessary in formation of povidone-iodine (PVPI). PVPI can work wonder against gram-positive and gram-negative bacteria, viruses, and fungi which makes it ideal as an antiseptic. This use can trigger its growth in a new direction in the pharmaceutical sector.

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Competitive Analysis:

The Iodine Market is experiencing several strategical implementations such as expansion, collaboration, mergers, and acquisitions. Relying on these, the market is eyeing for extraordinary growth. Iofina s construction of the new IO#7 plant in Oklahoma, U.S. can be considered exemplary. Itochu Chemical made a strategic investment in SCILEX Pharmaceuticals Inc., can be considered a tactical move to expand its portfolio.

Key players involved in the market are Independent Iodine, Calibre Chemicals Pvt. Ltd., Zen Chemicals, Deepwater Chemicals, Glide Chem Pvt. Ltd., Iochem Chemicals Corporation, Iofina, Godo Shigen Co. Ltd, ISE Chemical Corporation, and Itochu Chemical Frontier Corporation.

Segmentation:

Based on Type, the Iodine Market can be segmented into natural brine, nitrite ore, and others. Natural brine is expected to lead the market with substantial revenue. It has 72.10% of the market under its dominance and can scale valuation of USD 784.6 million during the forecast period with a moderate growth rate of 5.10%.

Application-wise segmentation of the Iodine Market includes X-ray contrast media, biocides, pharmaceuticals, animal nutrition, human nutrition, catalysts, fluorochemicals, LCD polarizing films, and others. X-ray contrast media is by far the largest segment with 22.3% of the market share in its name. A CAGR of 6.12% seems to be easily scalable and with this sort of a momentum USD 259.88 million valuation can be achieved without difficulty during the review period.

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Global Iodine Market Overview:

Components, with multiple benefits, are rarely widely available. Iodine contradicts the notion with its widespread usage across industrial verticals, and it is readily available with a cost-efficient tag on it. The Global Iodine Market can escalate to a valuation of USD 1,073.7 million by 2023, growing at a high CAGR during the forecast period (2018-2023).

Iodine s proliferation in sectors from nutrition to healthcare and even in imaging technology has already given it a vast horizon to explore its market potential. An essential nutritional component, iodine works in X-ray contrast media as a tracer radioactive and as an anti-thyroid element in pharmaceuticals. Iodine s percolation in imaging technology has elaborated the scope of Iodine Market further with each passing day experiencing a rise in LCD screen consumption. What can further cement the iodine market growth is its monopoly; without an appropriate substitute, iodine can command the market significantly soon.

The Iodine Market can, on the other hand, can backtrack a little in its growth trajectory due to its toxicity caused by over-consumption of the product. It can lead to hyperthyroidism and restrain the expected market growth during the review period.

Regional Segmentation:

Geographical mapping of the Iodine Market covers namely North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and the Middle East & Africa (MEA).

Europe is the current market leader with a projected value of USD 335.4 million by 2023. Presence of several pharmaceuticals, along with extraordinary infrastructure, has given the region a headstart in capturing the market. North America has similar reasons to boast off, and its contribution is quite substantial. The estimated market value of the region will be USD 214.1 million during the forecast period. However, it’s the emerging economies such as India and China that are boosting the regional market and taking the APAC to a new height. Industrial revamping and revolutionary changes made in the healthcare sector is giving the region enough reason to enjoy the fastest CAGR of 6.07% during the time frame. The market valuation could easily climb up to USD 311.2 million during the review period.

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Automotive Plastics Market Global Growth by Manufacturers, Major Application Analysis & Forecast To 2023

Automotive Plastic is an integral component used in the design and manufacture of automotive parts such as flooring, engine components, and door panels, etc. The lightweight plastic material helps to control the fuel consumption, increasing the fuel efficiency of the vehicles. It also allows designers to implement innovative and durable designs. Resultantly, the demand for light-weight plastic has been augmented drastically over the past few years.

Improving economy is fuelling the automotive industry lately, enhancing the consumers’ purchasing power. Resultantly, consumers are demanding luxuries vehicles with the advancements in automobile exterior design, and that can give maximum fuel efficiency. This, in turn, is ascending the demand for the lightweight automotive components, escalating the market value of Automotive Plastic on the global platform.

Acknowledging the kind of accruals, the market is gaining currently, Market Research Future (MRFR) has recently published a study report giving out the complete market insight up to 2023. In its study report, MRFR asserts that the Global Automotive Plastics Market will garner a value of approx. 56.38 Billion USD by 2023 with a CAGR of ~12.6% between 2016 and 2023.

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Qualities of Automotive Plastics such as high resistance to weathering, versatility in applications, and superior quality of designs make them the trendiest forms of automobile design materials. Strict governmental regulations pertaining to the vehicular emissions are encouraging the automotive companies to switch their preferences from metals like steel and aluminum to light-weight plastics.

On the flip side, Automotive Plastics are slightly expensive and hence is produced in lower volume which restricts its applications to low-volume applications further limiting its market growth to an extent. Besides, price volatility and demand and supply gap of the feedstock is one of the key factors, impeding the market growth of Automotive Plastics.

Nevertheless, the demand for emission control & weight reduction composites, high demand for improved vehicular designs is fostering the demand for automotive plastic materials, escalating the market growth. Also, expected technological advancements, through R&D are likely to present economical manufacturing processes reducing the selling cost of these plastics.

Key Players:

Akzo Nobel N.V. (Europe), BASF SE (Europe), Evonik Industries (Europe), Saudi Basic Industries Corporation (SABIC - Saudi Arabia), Teijin limited (Japan), DSM Company (Europe), The Dow Chemical Company (US), LyondellBasell Industries N.V. (US), E. I. Du Pont De Nemours and Company (US), and Quadrant group of companies (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Plastics Market.

Industry/innovation/Related News:

July 04, 2018 - Cooper-Standard Automotive Inc. (US), a leading global automotive supplier announced the acquisition of Lauren Plastics, LLC (US), a manufacturer and marketer of plastic products. This acquisition is expected to expand ISG's (The ISG business of Cooper Standard) sealing product line in key segments, including automotive distribution and aftermarket; as well as specialized products for the automotive and transportation markets.

June 26, 2018 – Viking Plastics, Inc. (US) one of the leading providers of molded plastic components and assemblies announced the acquisition of Genesis Plastics and Engineering LLC (US), a supplier of automotive interiors, seating and molded products. This acquisition is expected to add to Viking’s current line of custom injection molded products and assemblies for the automotive, expanding its expertise and customers by incorporating Genesis’ capabilities to manufacture new tools.

Global Automotive Plastics Market - Segments

Global Automotive Plastics Market is segmented into three key dynamics for an easy grasp and enhanced understanding.

By Types: Comprises - Polypropylene, Polyurethane, Acrylonitrile-butadiene-styrene, Polyamide, Polymethyl Methacrylate, Polycarbonate, and Others (Polyvinyl Chloride, Polyethylene).

By Applications: Interiors Body, Under Bonnet, Exterior Body, and Electrical Components among others.

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

Automotive Plastics Market - Competitive Analysis

The global market of Automotive Plastics appears to be highly competitive and fragmented. A number of large and small key players are operating in the market, churning the competition. To maintain their market, position these players incorporate collaboration, acquisition, partnership, technology launch and expansion.

Global Automotive Plastics Market - Regional Analysis

The Asia Pacific accounts for the fastest growing market for Automotive Plastics capturing the largest market share of the global market. Factors substantiating the market growth include the huge consumption of these products in the ever increasing automotive and transportation industry in this region. India, China, and Japan are the major markets in this region owing to their well-established established automotive sectors.

Europe is the second most significant market in the Global Automotive Plastic Market. The automotive industry in the region is witnessing a steady rise in the demand for the lightweight automotive parts. Countries namely Germany, U.K., France, and Italy, are the major markets in this region on account of established automotive industries. The automotive industry is increasingly consuming these plastics components for manufacturing a number of under-hood parts.

North America is another lucrative market for Automotive Plastics globally, owing to the growing demand for these products for the manufacturing of aftermarket products of the interiors and exterior Body. The US backed by the presence of the burgeoning automotive industry accounts for the major contributor to the market growth.

The Middle East & Africa is growing at a significant rate owing to the growth of the automotive sector. GCC Countries such as UAE, Saudi Arabia, and Qatar will lead the market in the region throughout the forecast period. The Latin America region is anticipated to gain momentum due to the economic and political stability in Brazil. Attributing to the various automotive application such as under bonnet, interiors body, outer body, and electrical components the region Latin America is expected to witness a substantial growth during the review period.

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Tuesday 27 August 2019

Pipe Coatings Market Growth – Key Futuristic Trends and Competitive Landscape 2023

Market Review:

The Market Research Future (MRFR) report predicts that the Pipe Coatings Market is likely to garner a CAGR of 5.18% during 2017-2023 and is expected to touch a market valuation of USD 15,968.4 Mn by 2023.

The Oil and Gas Industry are the leading consumer of Pipe Coatings. The need for energy from conventional sources due to rise in environmental concerns is responsible for the increased exploration and transport activities in the oil and gas industry. Furthermore, emerging economies like India, China, and Japan are exhibiting growing number of activities concerning oil and gas like transportation of crude oil, carbon dioxide and water injection lines, and product refining lines. This is surging the need for pipe coatings in the industry. Pipe Coating offers chemical and salinity resistance that allows longevity of pipes. Hence, the purpose to adopt an economic method is fulfilled. Pipe coatings are extensively used in the waste-water treatment plants to improve the durability of pipes. These are the market drivers identified to bolster the Pipeline Coatings Market over the evaluation period.

The fluctuating prices of raw materials can impede the pipeline coating market growth. However, pipeline coatings have successfully limited the volatile organic compound (VOC) emission. This is expected to attract investments for research and developmental activities for the emergence of enhanced innovations. Hence, gain traction for revenue generation for the market.

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Key Players:

Tenaris, The Bayou Companies, LLC, DowDupont Inc, Wasco Energy, Shawcor, LyondellBasell Industries Holdings B.V, PPG Industries, Inc, The Sherwin-Williams Company, AkzoNobel N.V, BASF SE, Axalta Coating Systems Ltd, Arkema SA, 3M, and Specialty Polymer Coating Inc.

Segmental Analysis:

The Global Pipe Coatings Market Study has been segmented into Product, Form, Surface Type, and End-Use.

Based on the Product, the Pipe Coatings Market has been segmented into concrete coatings, fusion bonded epoxy, metallic coatings, thermoplastic polymer coatings, and others. The thermoplastic polymer coatings segment is further classified into polypropylene (PP), polyurethane (PU), polytetrafluoroethylene (PTFE), polyethylene (PE), and others. The thermoplastic polymers are available in several varieties. This makes it an ideal material for the oil and gas industry. Moreover, its corrosion and abrasion resistant properties make it a suitable aid for other industries applications. Hence, the plethoric uses of thermoplastic polymer are spurring its rate of adoption. This is identified as an excellent driver for the thermoplastic polymer segment growth. MFFR forecasts that the thermoplastic polymer will subsequently result in the fastest growing segment over the review period.

Based on the Form, the Pipe Coatings Market has been segmented into liquid and powder.

Based on the Surface Type, the Pipe Coatings Market has been segmented into internal and external.

Based on the End-Use, the Pipe Coatings Market has been segmented into marine, chemical processing, water and water treatment, oil and gas, and others. The surging energy demand, boosting the adoption of Pipe Coatings in the oil and gas industry is expected to bolster the Global Pipe Coating Market Growth. MRFR estimates the oil and gas segment to garner a CAGR of 5.28% over the forecast period.

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Regional Insights:

The Pipe Coatings Market has been geographically segmented into Europe, the Americas, Asia Pacific, and the Middle East Asia and Africa.

MRFR forecasts, the Pipe Coatings Market in the Asia Pacific to lead, globally. Due to the huge population, the demand for energy is high in the Asia Pacific region. Additionally, the region is expected to experience a surge in urbanization in the coming years. These are likely to bolster the APAC Pipe Coatings Market Growth. The increase in investments, by the government, for deploying new pipe for waste-water treatment can provide a fillip to the regional market.

Europe is expected to hold the second largest market share. The presence of many Pipe Coatings manufacturers in the region is likely to augment the European Pipe Coatings Market Growth over the evaluation period.

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Coated Abrasives Market Global Growth by Manufacturers, Major Application Analysis & Forecast To 2022

Overview:

Technological progress and growth in industrialization have provided substantial opportunity for the Coated Abrasives Market to ensure expansion. The Global Coated Abrasives Market, by adhering to these tractions, is expecting a growth by 6.3% during the forecast period (2017-2022). Its features make it a perfect choice for areas like metal and alloy molding. At the same time, the growth in the manufacturing sector is providing traction to the Global Coated Abrasives Market.

The Coated Abrasives Market to gain much from the semiconductor manufacturing industry. The sector is gaining much from the boom taking place in countries such as China, Japan, and Taiwan. These countries are making a name as robust suppliers of semiconductors owing to which the Coated Abrasives Market in the region can gain substantial boost.

In April 2019, BrandSafway, a company known for its ventures in the industry, launched Quik-X. The new model is a refractory anchoring system and is designed to perform well in FCCUs (Fluid Catalytic Cracking Units) cyclones and air grids. The machine has less metal volume, almost 6.29% per square foot which makes it easier for Coated Abrasives to work.

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Competitive Landscape:

Sia Abrasives Industries AG

Robert Bosch GmbH

DEERFOS Co., Ltd.

Saint-Gobain Abrasives, Inc.

DowDuPont, Inc.

Napolean Abrasives S.P.A VSM Abrasives Corporation

Tyrolit Group

Fujimi Incorporated

Schaffner Manufacturing Company, Inc.

Asahi Diamond Industrial Co., Ltd

Carborundum Universal Limited

Cabot Microelectronics Corporation

Jason Incorporated

Sungold Abrasives

Fandeli International Corporation

Hermes Schleifmittel GmbH

3M.

Segmental Analysis:

MRFR’s market study of the Coated Abrasives Market is segmented by Application and Type. This puts significant factors under the lens for a better analysis of scopes that would lead to market optimization.

Based on the Type, the Global Coated Abrasives Market can be segmented into ceramic aluminum oxide, silicon carbide, aluminum oxide, garnet, zirconia aluminum oxide, and emery. Value-wise, the aluminum oxide segment ruled the market in 2015 and is estimated to surpass USD 3,900 million during the forecast period with a possible CAGR of 6.73%.

Application-Wise, the Coated Abrasives Market can be segmented into woodworking, automotive, metalworking, electronics & semiconductors, aerospace & defense, and others. The metalworking segment is expected to score well in the coming years because of its application feasibilities.

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Regional Analysis:

MRFR, Based on Regions, analyzed the Global Coated Abrasives Market by including Latin America, Asia Pacific (APAC), Europe, North America, and the Middle East & Africa (MEA).

The burgeoning automotive industry is providing traction to the APAC automotive industry and it is one of the major factors to substantiate the region’s claim of being the market leader. The growth in the automotive industry is not expected to slacken in the foreseeable future as global titans are getting lured in by investment opportunities provided by the region. The regional market is expected to bask in such profits throughout the review period. In 2016, the APAC region had dominance over one-third of the market which is expected to expand with 6.90% CAGR during the forecast period. Among other factors, rapid industrialization and urbanization have given way to a substantial number of producers, with exports on the rise and labor costs staying economical.

Europe is following the lead with nations such as Germany, France and the U.K. who could trigger the production rate to take the market further ahead. Due to the presence of automotive giants in the region, Europe can perform well during the forecast period. The MEA market can benefit much from economic stability and growing construction work. In the Middle East, a lot of leading companies have cemented their presence due to which the boost in profits would be substantial in the coming years.

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Acrylic Fiber Market Technology, Applications, Growth and Region Forecast 2023

Acrylic Fibres Market- Competitive Landscape

The Global Acrylic Fibre Market is consolidated in nature as it is dominated by few established industry participants including. The players dominated global market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Exlan Japan Co. Ltd., Taekwang Industry Co, Ltd., Indian Acrylics Limited and Pasupati Acrylon Limited which holds substantial global share. This market is heading towards growth stabilization and offers moderate degree of competition served by industry players.

Acrylic Fibre Market – Segments

For the convenience of the report and enhanced understanding; The Acrylic Fibre Market is segmented in to 2 key segments.

Segmentation by Form: Comprises Stable Acrylic Fibre and Filament Acrylic Fibre.

Segmentation by End User: Comprises Apparel Household Furnishing, Industrial, and Others.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Acrylic Fibre Market – Market Overview

Acrylic Fibre is a manmade fibre and known as synthetic fibre which is produced by two different methods including wet & dry spinning method. Acrylic Fibre closely resembles wool in its characters, which contain minimum 85% acrylonitrile in their chemical structure are called Acrylic Fibres. The Global Acrylic Fibre Market represents steady growth over the past seven years, and it is likely to continue in same trend over the assessment period. In addition to this, the global market anticipated to progress in terms of CAGR due to its increasing popularity driven by lower denier properties.

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Global market is heading towards growth stabilization supported by changing regional demographics. Acrylic Fibre represents huge numbers in terms market value and volume, although, the market registered single digit steady growth rate. Factors such as growing demand of apparel with changing climatic conditions likely to lead the growth for Acrylic Fibre in the coming years. Emerging economies in Asia Pacific such as India, China, and Japan expected playing pivotal role due to high industrial advancements along with economic reforms. The region expected to retain its prominence over the coming years as well owing to rapid industrialization along with active presence of key industry participants. The growth in this region also considered as export driven up to some extent. The fact that, Asia Pacific has active presence of large number of players, Turkey consist of largest player in this market including Akrilik Kimya Sanayii A.Ş. (Aksa).

The ability of Acrylic Fibre to offer versatile products in apparel industry has made it on high end by being key revenue generating industry. Apparel industry is offering wide application scope for Acrylic Fibre along with creating further growth opportunities for existing products including sweaters, socks, fleece wear, circular knit apparel, and sportswear. Acrylic fibre is highly matured market and it consist of few established market players along large number mid-scale manufactures. Thus, rivalry offers by this market is on global level is medium, although, the scenario may change in the coming years due the growth represented by this market. As per the detailed study published by the Market Research future on Acrylic Fibre, the global market will be showing lucrative growth prospects owing to technological advancements along with cost effective production of Acrylic Fibre. On the flip side, raw material changes along with stringent environmental regulation may challenge the growth of this market over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

May 2015- Thai Acrylic Fibre developed a new product phase change materials (PCM) acrylic fibre with Outlast Technologies, USA. The production process allowed the acrylic fibre material to perform 4 times better than existing one.

December 2015- Leading manufacturers of acrylic fibre Aksa has expanded its production capacity from 308,000 tons/year to 315,000 tons/year, followed by the modernization of production process.

March 2016 – One of the top acrylic fibre producers, Thai Acrylic Fibre which is part of Aditya Birla Group expanded a new Radianza brand gel dyed acrylic fibre in china. By forming partnership with China based company Shandong HengTai textiles which is foremost producer of ecru and dyed acrylic yarn based in Shandong, China.

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September- 2016 –TOYOBO tie up with Dutch Bio venture Company, Avantium to produce bio-based resin i.e polyethylene furanoate (PEF) that has similar qualities to polyethylene terephthalate (PET). Compared to PET barring oxygen and barring water vapor, PEF films are 10 times more efficient bio-based resins. Avantium based in Amsterdam, operates in the field of renewable resources. Toyobo already into bio-based resin products but with expansion of PEF resins has expanded their production into new material as high functionality commodity.

May 2016- Pasupati Acrylon Limited has planned to enter flexible manufacturing market with 5000 tonnes per annum production capacity. However, staring new product portfolio will expand their horizon into world with integrated cast polypropylene film plant.

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