Engineering Plastic Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2022

The Global Engineering Plastics Market is expected to exhibit steady growth over the forecast period from 2017 to 2022, according to a new research report published by Market Research Future (MRFR). The Global Engineering Plastics Market is mainly driven by the growing demand from the construction industry, the automotive industry, and the consumer goods industry.

Engineering Plastics are plastics produced to conform to higher performance metrics than other regular plastics. Engineering Plastics provide higher mechanical strength and impact resistance than conventional plastics, in addition to high thermal resistance and other application-specific characteristics. The ease of processing of Engineering Plastics is also significantly higher than conventional plastics. This has driven their demand in high-value engineering applications.

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The growth of the Global Automotive Industry is likely to remain a major driver for the Global Engineering Plastics Market over the forecast period. Due to the growing enforcement of legislation requiring lighter vehicles, the automotive industry has emerged as a major consumer of lighter construction materials that provide comparable performance figures to traditional automotive production materials. This has led to a growing demand from the automotive industry for a wide range of Engineering Plastics. Engineering Plastics are the perfect solution for producing automotive interiors, as they provide high heat and electrical resistance along with easy moldability and high impact resistance. This is likely to drive the Global Engineering Plastics Market over the forecast period.

On the other hand, the high prices of Engineering Plastics and their lack of environmental viability are likely to count against the Global Engineering Plastics Market over the forecast period. Due to the complex manufacturing processes of Engineering Plastics, their production costs are higher than regular plastics. While this is not a concern in premium operations, the large majority of manufacturers prefer cheaper materials that suit their purposes just as well. This could emerge as a significant restraint on the Global Engineering Plastics Market over the forecast period. The lack of ecological viability of Engineering Plastics could also emerge as a significant restraint on the global market over the forecast period, as the plastics industry is likely to be dominated by the onslaught of environmental regulations aiming to increase the sustainability of the plastics business.

Competitive Analysis:

BASF SE

Solvay S.A.

E.I. du Pont de Nemours and Company

SABIC

Lanxess AG

Mitsubishi Engineering-Plastics Corporation

Evonik Industries AG

LG Chem Ltd.

Celanese Corporation

Covestro

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In April 2019, MOL Group announced the signing of a sales-purchase agreement to acquire Aurora Kunststoffe GmbH. Aurora is a recycled plastic compounder dealing mainly with Engineering Plastics compounds based on polypropylene recyclate.

Segmentation:

The Global Engineering Plastics Market is segmented by Product, Application and Region.

By Product, the Engineering Plastics Market is segmented into polyamide, acrylonitrile butadiene styrene (ABS), thermoplastics, polyesters, polycarbonates, and others. Acrylonitrile butadiene styrene is likely to remain the majority segment over the forecast period due to the high demand for ABS in multiple applications due to its high temperature resistance, chemical resistance, and impact strength.

By Application, the Global Engineering Plastics Market is segmented into automotive, construction, electrical and electronics, consumer goods, and others. Automotive is likely to remain the leading application segment in the Global Engineering Plastics Market over the forecast period due to the growing emphasis in the automotive industry on the sustainability of the materials used in automotive production.

Regional Analysis:

Asia Pacific is expected to dominate the Global Engineering Plastics Market over the forecast period due to the growing demand for engineering plastics in end-use industries such as automotive, construction, electronics, and others. The automotive industry in Asia Pacific has grown rapidly over the last few years and has emerged as the global leader in production. This is likely to drive the demand from the Global Engineering Plastics Market over the forecast period. The increasing purchasing power of consumers in Asia Pacific has led to a growing demand from the electronics and automotive industries, leading to steady growth of the Global Engineering Plastics Market.

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Metal Coatings Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2023

The Global Metal Coatings Market is the subject of the latest research study from Market Research Future (MRFR). The Global Metal Coatings Market is analyzed in detail in the report, including coverage of the market’s major drivers and restraints, key players, and leading segments. A comprehensive overview of the Global Metal Coatings Market is provided in the report.

Metal coatings are used in various end-use industries to enhance the physical characteristics of metal surfaces and impart qualities such as enhanced resistance to weather elements and other contaminants. The growing demand for performance enhancements in various industries is likely to drive the demand from the Global Metal Coatings Market over the forecast period.

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The automotive and construction industries have emerged as major consumers in the Global Metal Coatings Market in recent years, thanks to the growing scope of these industries and the growing efforts from industry players to achieve material enhancements at minimal costs and efforts. Metal Coatings are used in the construction as well as automotive industries to make the metal surfaces more resistant to moisture and other environmental contaminants. Especially in the automotive industry, metal coatings also play a vital role in maintaining the aesthetic appearance of the metal surfaces of cars. The growing demand for premium automobiles with high levels of aesthetic appeal is likely to drive the demand for metal coatings from the automotive industry over the forecast period.

The electrical and electronics industry is also likely to emerge as a key consumer in the Global Metal Coatings Market over the forecast period due to the growing demand for advanced physical characteristics in consumer electronics. The aviation and marine industrial setups could also account for a major share in the Global Metal Coatings Market over the forecast period, due to the increasing demand for lightweight metal surfaces that provide enhanced levels of physical resistance and mechanical strength.

Competitive Analysis:

Leading players in the Global Metal Coatings Market include Nippon Paint Holding Co. Ltd., Henkel AG & Co. KGaA, Beckers Group, Kansai Paint Co. Ltd., Axalta Coating Systems, the Sherwin-Williams Company, PPG Industries Inc., The Valspar Corporation, AkzoNobel N.V., DowDuPont, BASF SE, and Toefco Engineered Coating Systems Inc.

Mergers and acquisitions are a common competitive strategy for players in the global metal coatings market. In April 2019, AZZ Inc. completed two acquisitions: of Tennessee Galvanizing Inc., a private company in Tennessee, and K2 Partners Inc., a private company specializing in powder coating and electroplating services in the U.S. Midwest and Southeast.

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Segmentation: 

The Global Metal Coatings Market is segmented on the basis of Form, Method, Resin Type, End-Use Industry and Region.

On the Basis of Form, the Global Metal Coatings Market is segmented into liquid and powder coatings. The liquid coatings segment is further sub-segmented into water-based and solvent-based coatings.

Based on the Method, the Metal Coatings Market is segmented into electroplating, electroforming, galvanizing, and anodizing.

Based on the Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others.

Based on the End Use Industry, the Global Metal Coatings Market is segmented into construction, automotive, aviation, electrical and electronics, marine, oil and gas, and others.

Regional Analysis:

Asia Pacific is likely to emerge as the most prominent regional market in the Global Metal Coatings Market over the forecast period thanks to the growing commercial scope of the automotive, aviation, and construction industries in the region. The growing economic capacity of the emerging countries in Asia Pacific, including India, China, Japan, South Korea, Indonesia, and Australia, has led to a growing demand for premium products in the construction and automotive industries, which has led to a growing demand from the Metal Coatings Market in the region. The growing disposable income of consumers in the region has also led to a rise in the demand for air travel, thus driving the aviation industry in the region. The growing urbanization in these countries is likely to remain a major driver for the Global Metal Coatings Market over the forecast period.

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LED Materials Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2024

The Global LED Materials Market is expected to exhibit a robust 10.92% CAGR over the forecast period from 2018 to 2024, according to a recent research report from Market Research Future (MRFR). The Global LED Materials Market is primarily driven by the growing demand for LED lighting in residential and automotive applications. The growing government support to the environmentally viable LED lighting is also likely to remain a key driver for the Global LED Materials Market over the forecast period.

The growing residential construction in emerging regions and the consequent rise in the demand for lighting products is likely to be a major driver for the Global LED Materials Market over the forecast period. The rapid urbanization in Asia Pacific and the Middle East has driven the demand for new residential construction and, consequently, for residential fittings such as electric lighting.

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The energy efficiency of LED light, as well as the fact that they provide white light in contrast to the yellow light provided by traditional incandescent lights, has been a key driver for the adoption of LED lighting in these residential buildings. This is likely to remain a key driver for the Global LED Materials Market over the forecast period.

The growing automotive industry and the growing adoption of LED lighting in automotive applications is also likely to be a major driver for the Global LED Materials Market over the forecast period. Due to the fact that LED lights emit white light, they have become increasingly popular in automotive exterior lighting applications, as they provide a clear light that allows the driver to see farther than with conventional yellow lighting. Their lower carbon footprint has also made LED lights popular in automotive applications and is likely to drive their demand over the forecast period.

Competitive Analysis:

Leading players in the Global LED Materials Market include EpiGaN, AkzoNobel N.V., DOWA Electronics Materials Co. Ltd., Nichia Corporation, II-VI Incorporated, Ube Industries Ltd., OSRAM Opto Semiconductors GmbH, Cree Inc., MACOM, Intematix, Sumitomo Electric Industries Ltd., Plessey, and Epistar Corporation.

In April 2019, researchers at the Catalonia Institute for Energy Research at the University of Barcelona came up with two computational methods to allow solid-state lighting to self-adjust its intensity and other parameters based on the ambient conditions. This could represent a major breakthrough in lighting technology in the coming years.

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Segmentation:

By Component, the LED Materials Market has been segmented into wafers, substrates/semiconductors, epitaxy material, phosphor, and others. The wafers segment is sub-segmented into silicon, silicon carbide, sapphire, and others. The sapphire segment is expected to expand at a CAGR of 8.25% during the forecast period. The silicon segment is also likely to experience rapid growth due to its growing usage in microelectronics.

By Application, the LED Materials Market is segmented into general lighting, consumer electronics, automotive interior lighting, automotive exterior lighting, healthcare, display and billboards, and others. The residential lighting segment is anticipated to reach a valuation of USD 9,650.6 million by 2024 owing to the growing scope of the construction industry in emerging regions.

Regional Analysis:

Asia Pacific is likely to dominate the Global LED Materials Market over the forecast period due to the rapid growth of the automotive and construction industries in the region. The construction industry in the region has been driven by the growing urbanization in the region, which has driven urban immigration at a rapid pace. The demand for new residential construction to accommodate the new emigrants is likely to lead to a rising demand from the LED Materials Market over the forecast period. The increasing disposable income of consumers in Asia Pacific has also led to a growing demand for more plush, luxurious residences, which is also likely to drive the demand from the LED Materials Market over the forecast period.

The automotive industry in Asia Pacific has also grown rapidly over the last decade and more and is likely to exhibit steady growth over the forecast period, leading to a rapid growth in the demand for LED Materials in the region.

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High Performance Alloys Market Global Industry Growth Analysis, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2023

The Global High Performance Alloys Market is expected to reach a valuation of more than USD 50 billion by the end of the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The Global High Performance Alloys Market is mainly driven by the demand for stronger, lighter and more corrosion-resistance materials from various end-use industries.

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The aerospace and defense sector is the major end user of the High Performance Alloys Market and is likely to remain in the position over the forecast period. The growing demand to acquire technologically advanced solutions to improve the army is likely to drive the Global High Performance Alloys Market over the forecast period. The growing demand for stronger metal alloys in defense vehicles and airplanes is likely to be the major driver for the Global High Performance Alloys Market over the forecast period. The mechanical strength of metal alloys is crucial in the aerospace and defense sector, as it determines the level of protection the respective vehicle would get from the construction materials alone. The growing demand for gaining a technological edge in military matters is likely to be a major driver for the Global High Performance Alloys Market over the forecast period.

The automotive industry is also likely to play a key role in the growth of the Global High Performance Alloys Market over the forecast period, even though the targets of the automotive industry are a bit different than those of the aerospace and defense sector. While making the substances as strong as possible is the priority in the latter, innovation in the automotive industry has mainly focused on creating High Performance Alloys that are as light as possible, while retaining a significant part of their strength. The importance of lightness in terms of the emission volume reduced as a result is likely to drive the demand for High Performance Alloys in the automotive industry over the forecast period. The growing government support to environmental measures in the automotive industry is likely to be a major driver for the Global High Performance Alloys Market over the forecast period.

Competitive Analysis:

Leading players in the Global High Performance Alloys Market include Alcoa Inc., Carpenter Technology Corporation, Timken Company, VSMPO-Avisma Corporation, RTI International Metals, Outokumpu, ThyssenKrupp AG, Aperam SA, Precision Castparts Corp., and Hitachi Metals Ltd.

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In January 2018, Fort Wayne Metals acquired G&S Titanium, a titanium and specialty alloy wire and bar drawing specialist.

Segmentation:

The Global High Performance Alloys Market has been segmented on the basis of Metal Type, Product, End-Use Industry and Region.

On the Basis of Metal Type, Global High Performance Alloys Market has been segmented into iron, aluminum, titanium, magnesium, and others.

Based on Product, Global High Performance Alloys Market has been segmented into non-ferrous, refractory, superalloys, and others.

By End-Use Industry, Global High Performance Alloys Market has been segmented into aerospace and defense, automotive, industrial, electrical and electronics, oil and gas, marine, and others.

Regional Analysis:

Asia Pacific is expected to remain the leading regional segment of the Global High Performance Alloys Market over the forecast period, followed by North America. Asia Pacific accounted for around 40% of the Global High Performance Alloys Market in 2017 and is likely to retain a similar level of dominance throughout the forecast period due to the growing metalworking industry in India, China, South Kore, and Japan, and the strong presence of the automotive and electronics industries in the region, which are likely to drive steady growth of the High Performance Alloys Market over the forecast period.

North America’s share in the Global High Performance Alloys Market is primarily predicated on the presence of the automotive, aerospace and defense, and marine industries in the region. The growing demand for smarter solutions to modernize the military is likely to lead to extensive innovation in the High Performance Alloys Market in North America over the forecast period.

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Transparent Conductive Films Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2023

Market Overview:

Transparent Conducting Films are electrically conductive materials, majorly used as solar cells. Their application in the touch screen of smartphones and flat panel televisions is estimated to boost the demand. Transparent Conducting Films have high-performance and long-lasting properties, which make them ideal for application in electronic devices and flexible screens. For instance, the revenue from the sale of smartphones was USD 479 billion in 2017 and is expected to grow in the coming years, thus increasing the application of Transparent Conducting Films in smartphones is positively influencing the global market growth.

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The high demand for suitable Transparent Conductive Film for application in flexible electronic devices is driving market growth. Silver nanowires are extensively used in flexible electronic devices and transparent heaters owing to their unique mechanical, optical, thermal, and electrical properties. Further, the increasing demand for consumer electronics such as LCD, tablets, notebooks, and wearables devices is estimated to boost the global market growth. 

For instance, China reported consumer electronics sale of USD 127.26 billion in 2019, the US consumer electronics market was reported to be USD 107 billion in 2018 and India reported USD 31 billion in 2017. Thus, the growth of the consumer electronics industry is estimated to propel the global market growth during the assessment period.

Competitive Analysis:

The leading players in the Global Transparent Conductive Films Market are Nitto Denko Corporation (Japan), Teijin Ltd (Japan), TDK Corporation (Japan), Toyobo Co., Ltd (Japan), Gunze (Japan), Cambrios Technologies Corporation (US), Canatu OY (Finland), C3nano (China), Dontech Inc (US), Chasm Technologies, Inc (US), ILJIN display Co., Ltd (South Korea), Hitachi Chemical Company, Ltd (Japan), Evaporated Coatings, Inc (US), Eikos Inc (US), Max Film, Inc (India), among others.

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Market Segmentation:

The Global Transparent Conductive Films Market has been segregated on the basis of Material, Application and Region.

By Material, the Global Transparent Conductive Films Market is categorized into carbon nanotubes, metal mesh, silver nanowire, indium tin oxide on PET, indium tin oxide on glass. The carbon nanotubes segment is estimated to register healthy CAGR owing to their elastic and thermal properties.

Based on Application, the Global Transparent Conductive Films Market has been segmented into LCD, smartphone, notebook, tablets, wearable devices, and others. The smartphone segment is projected to register significant CAGR owing to the increase in the sale of smartphones.

Regional Analysis:

North America lead the Global Transparent Conductive Films Market owing to wide application in LCD and smartphone for example in 2013, 41.8 million LCD TVs were sold in the region. Economic development and a rise in consumer spending on electronics products is expected to fuel the regional market growth. Asia-Pacific is expected to register substantial growth due to the rise in the sale of smartphones, wearable devices, and notebooks lead by evolving consumer preference toward entertainment and accessibility to information.

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Hybrid Fabric Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2023

Market Overview:

The Hybrid Fabric is the type of fabrics that consist more than one type of structural fiber. These are the specialty fibers are mainly manufactured by using different combinations of carbon, aramid, glass and other high-strength fibers in the form of layers. Such fabrics are primarily differentiated from the other fibers and fabrics on the basis of the special technical functions that require specific performance properties such as high strength and durability, excellent resistance to heat, flame and chemical agents. Some of the major consumers of this product are automotive, aerospace & defense industry and energy and transportation sector. The Global Hybrid Fabric Market is estimated to grow at a healthy CAGR of more than 15% to reach over USD 450 million in 2023.

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This is mainly attributed to the growing demand from major end-use industries namely automotive, aerospace & defense, and wind energy. For instance, the global market for core materials for aerospace industry is estimated to reach over 43 billion USD by 2023, which in turn is anticipated to fuel the demand for the product during the forecast period.

Market Segmentation:

Based on Combination, the Global Hybrid Fabric Market has been segmented into carbon-aramid, aramid-glass, carbon-glass, carbon-UHMWPE, and others. Among them carbon-glass hybrid fabric is estimated to grow at the highest CAGR owing to surging demand from the high-end vehicles to reduce the overall cost of an automobile. Additionally, there is high growth in demand for the Hybrid Fabric based-composites in the automotive, wind energy, and defense industries.

By Form, the composite segment held the largest market share in 2017 owing to the high strength-to-weight ratio offered by this form.

By End-Use Industry, the Global Hybrid Fabric Market has been categorized into automotive, aerospace & defense, wind energy, consumer goods, sports & leisure, and others. The automotive sector accounted to the major market share in 2017 on account of the surging demand for the product in various automotive applications such as body parts, front body fascia, and interior. Additionally, increasing demand from the rapidly growing renewable energy sector in developing regions on the backdrop of increasing installations is anticipated to propel the market growth during the forecast period.

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Competitive Analysis:

The leading players in the Global Hybrid Fabric Market are Koninklijke DSM N.V. (The Netherlands), Gurit (Switzerland), Hexcel Corporation (US), Solvay (Belgium), BGF Industries, Inc. (US), Exel Composites (Finland), SGL Group (Germany), Textum Inc. (US), HACOTECH Gmbh (Germany), and Arrow Technical Textiles Pvt. Ltd. (India), among others.

Regional Analysis:

The Global Hybrid Fabric Market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. This healthy growth of the market in this region is attributed to the rising product demand in the major end-users in this region namely automotive and wing energy. This is expected to fuel the market growth in the region during the assessment period.

Europe and North America are expected to witness moderate growth during the forecast period. However, they account for the considerable market share in 2017, mainly due to the high consumption for the advanced light materials in automotive and aerospace industry in these regions. The Middle East & Africa and Latin America held lower of share in this market in 2017.

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Elastomeric Foam Market Global Industry Growth Analysis, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2023

The Global Elastomeric Foam Market is the subject for the latest research report from Market Research Future (MRFR). The Global Elastomeric Foam Market is studied in the report with regard to the major drivers and restraints affecting the market’s movement, the major segments holding a dominant share in the market, and the leading players operating in the Global Elastomeric Foam Market.

Elastomeric foam is a rubber-based insulator with closed pores and a uniform cell structure. The use of Elastomeric Foam is rife in insulation applications in the HVAC, automotive, and electronics industries, among others. The growing demand for HVAC devices in emerging regions is likely to be a major driver for the Global Elastomeric Foam Market over the forecast period. The demand for HVAC devices has been driven by the growing demand for air conditioning equipment in residential and commercial establishments in developing regions. As air conditioning is not a widely occurring phenomenon in emerging regions such as the Middle East, Asia Pacific, and Latin America, the demand for HVAC equipment is growing rapidly in these regions. This is likely to be a major driver for the Elastomeric Foam Market over the forecast period.

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The rapid development of modern shopping channels such as super/hypermarkets in these emerging regions is also likely to be a major driver for the Global Elastomeric Foam Market over the forecast period.

The growing automotive industry in emerging regions is also likely to play a key role in the development of the Elastomeric Foam Market over the forecast period. Elastomeric Foam is used in a number of applications in the automotive industry to achieve solid thermal and electrical insulation, which is likely to drive its demand over the forecast period. The growing demand for premium automobiles from the newly minted populace in the developing regions of the world is likely to drive the Global Elastomeric Foam Market at a handsome pace over the forecast period.

Competitive Analysis:

Leading players in the Global Elastomeric Foam Market include Armacell International SA, Zotefoams PLC, Huamei, Jinan Retek Industries Inc., Grando, Rogers Foam Corporation, Sekisui Plastics Co. Ltd., NMC SA, Kaimann GmbH, L’isolante K-Flex SpA, and Hira Industries LLC.

Acquisitions, especially pertaining to companies in emerging regions, are likely to remain a favored strategy for players looking to increase their global presence. For instance, in May 2018, Armacell International SA, acquired Guangdong De Xu Insulation Materials Co. Ltd. The latter is a leading Elastomeric Foam producer in China and is likely to enhance Armacell’s prospects in the highly lucrative Asia Pacific market over the forecast period and beyond.

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Segmentation:

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

On the Basis of Type, the market has been segmented into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. Nitrile butadiene rubber held the dominant share in the Global Elastomeric Foam Market in 2017 and is likely to remain the leading product segment of the market over the forecast period due to its widespread use in HVAC equipment and automotive design.

Based on End-Use Industry, the Elastomeric Foam Market has been segmented into HVAC, automotive, electrical and electronics, and others. The HVAC industry accounted for the largest share of 45% in the Global Elastomeric Foam Market in 2017 and is likely to remain the dominant end user of Elastomeric Foam products over the forecast period due to the growing demand for HVAC equipment in residential as well as commercial establishments in developing countries.

Regional Analysis:

Asia Pacific holds the major share in the Global Elastomeric Foam Market and is likely to remain the leading revenue generator over the forecast period due to the growing scope of the automotive and construction industries in the region, which has driven the need for Elastomeric Foam in insulation as well as HVAC applications. The growing disposable income of consumers in urban centers in Asia Pacific is likely to result in a growing demand for residential HVAC units, which is likely to drive the demand from the Elastomeric Foam Market in Asia Pacific over the forecast period.

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