Bulk Chemical Industry reports: December 2019

Tuesday, 31 December 2019

Alcoholic Beverage Packaging Market: Emerging Trends and Growth Opportunities, 2025

The global Alcoholic Beverage Packaging Market size is expected to reach USD 83.86 billion by 2025 registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Increased awareness about sustainable packaging is expected to remain a key factor for the market growth. Rising consumption of premium alcoholic beverages, such as flavored vodka and single-malt whiskey, particularly in developing countries, is also projected to contribute to the market growth. In addition, influence of corporate culture is anticipated to spur the demand for such beverages, thereby supporting market expansion.

Rising popularity of shim drinks is also said to have a positive impact on the market over the forecast period. Premiumization and graphic designing are expected to be the prominent trends influencing the alcoholic beverage packaging market, particularly in the developed countries including Germany and U.K. Glass products accounted for the largest revenue share in 2018 and will retain the dominant position over the forecast period. Glass materials have high demand as they are recyclable and sustainable.

However, plastic product segment is projected to witness the fastest CAGR owing to increasing adoption of Polyethylene Terephthalate (PET) bottles in alcohol packaging. Rising focus of key companies on sustainable packaging is also likely to have a positive impact on the segment growth. For instance, in 2017, Triple Crown Distilling Co. introduced flexible pouches. In 2017, The Smirnoff Co. launched Smirnoff Ice Electric, an RTD alcoholic beverage packed in a resealable plastic bottle.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/alcoholic-beverage-packaging-market

Further key findings from the study suggest:

In terms of revenue,plastic segment is projected to ascend at the fastest CAGR of 6.3% from 2019 to 2025
Beer application segment dominated the global alcoholic beverage packaging market in 2018 and accounted for a revenue share of more than 35% in the same year
North America was the dominant regional market in 2018. However, Asia Pacific is projected to be the fastest-growing market from 2019 to 2025
The industry is highly competitive in nature. Some of the key companies include United Bottles & Packaging, Vetreria Etrusca, O-I, Encore Glass, Orora Packaging Australia Pty. Ltd., and Tetra Pak International S.A.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 30 December 2019

Aerospace Plastics Market Overview, Growth Prospects and Outlook Report, 2025

The global Aerospace Plastics Market is expected to reach USD 1.04 million by 2025, according to a new report by Grand View Research, Inc. Non-corrosive nature and high-temperature resistance of plastics are expected to bolster market growth over the forecast period.

Aerospace plastics exhibit heat resistance and high strength properties. It's high modulus of elasticity aids in the production of various aircraft components such as fuselage, airframe, empennage, etc. In addition, plastics are lightweight nevertheless high-performance alternatives to metals such as steel and aluminum; as a result, the market is expected to grow significantly.

Growing adoption of highly durable and chemical resistant plastics are expected to drive market over the forecast period. However, the components manufactured with the use of polymers are hard to inspect for flaws, leading to quality variations and defects. Increased incidents of plastic fracture and failure along with high maintenance, repair and operating costs are posing a threat to aerospace plastics market growth.

Aerospace plastics provide a high degree of freedom in the designing of complicated components of an aircraft. As a result, the percentage of the material utilized in manufacturing commercial and military aircrafts has increased significantly over the past couple of decades, which in turn has bolstered the demand for polymers in aerospace applications.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/aerospace-plastics-market

Further key findings from the report suggest:

Aerostructure segment accounted for was over 291.3 million in 2016. The growing use of plastics in fuselage, airframe and other integral components of an aircraft is expected to drive segment growth over the next eight years.
The demand for the product in propulsion systems was over 2,847.6 tons in 2016. The utilization of the polymers in propeller systems, bearing bushes, turbines and nacelles are expected to have a positive impact on industry growth over the forecast period
Commercial & freighter aircraft accounted for the majority of the revenue share. The rapid growth in the air passenger traffic has led to the increased production of commercial aircraft, which in turn is expected to bolster the demand for the polymers
North America accounted for the over 40% of the revenue share in 2016. The growing demand for commercial aircraft coupled with the presence of Boeing, a leading manufacturer of aircraft is expected to drive the demand for aerospace polymers in the region
The market is fragmented wherein the global players adopt various marketing and pricing strategies to gain market share and acquire the business from major aircraft manufacturers such as Airbus, Boeing, and Lockheed Martin

About Us:Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Chemical Tanker Shipping Market is Projected to Register 2.1% CAGR till 2025

The global Chemical Tanker Shipping Market is anticipated to reach USD 2.50 trillion by 2025, according to a new report by Grand View Research, Inc. The growing chemical trade on account of increasing manufacturing activities across the world is projected to augment market demand. The disparity in regional production and demand trends has triggered the global trade for chemicals and derivatives.

Organic chemicals such as acetic acid, alcohols, propene, benzene, salt, benzyl acetate, methanol, formic acid, and phenol are some of the vital substances shipped through chemical tankers across the world. The U.S., China, Germany, and Russia are some of the major exporters of chemicals and are expected to foster the global chemical trade over the coming years.

The U.S. will probably grow at a high rate on account of increasing number of fleet owners, shipbuilders & charterers, availability of raw material, and capital inflow from multinational companies. The expanding market of Asia Pacific is one the most significant areas for growth due to the presence of a large number of small manufacturers in the region.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market

Further key findings from the report suggest:

The global chemical tanker shipping market was valued at USD 2.07 trillion in 2016 and is estimated to grow at a growth rate of 2.1% from 2017 to 2025 to reach a market valuation of USD 2.50 trillion
Chemical tanker shipping market is concentrated on account of presence of considerable number of fleet operators
Competitive freight rates on account of easy availability of containers through freight forwarders and clearing agents places higher power in the hands of buyers
Deep sea chemical tanker shipments accounted for the most significant share in 2016 and is projected to grow at the highest CAGR over the coming years on account of extensive international trade
IMO III cargo type accounted for the largest volume share in 2016 due to high shipment of vegetable oils & fats and other non-volatile chemicals across regions
Asia Pacific accounted for the most significant volume share due to presence of major manufacturing counties such as China and India which have a strong foothold in the chemical industry
Chemical tanker shipping companies are expanding their fleets to cater to the growing chemical trade business globally. New entrants in the market are expected to result in excess supply of tankers in the industry, thereby reducing charter rates.
Some of the significant chemical tanker charters include Navig8 Group, Odfjell SE, Stolt Nielsen, MSC, Stena Bulk, and Maersk Tankers

About Us:Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Global Metallic Pigments Market is Expected to Attain 228.6 kilo tons by 2022

The global Metallic Pigments Market is expected to reach USD 1.20 billion by 2022, according to a new report by Grand View Research, Inc. Transitioning consumer preferences towards fashionable products with enhanced colors & brilliant visual effects is expected to remain a key driving factor for this market.

Technological advancements have introduced high luster & sparkling effects with increased durability for automotive OEM processing & paint refinishes. These odorless pigments are also widely utilized in other expanding end-use industries such as packaging, cosmetics & printing inks, particularly in emerging economies of China & India. Increasing consumer awareness regarding sustainability and environmental friendly nature of these pigments has also benefited the overall market.

Aluminum pigment emerged as the leading product segment and accounted for over one third of the total market volume in 2014. Copper pigments are expected to be the fastest growing product segment growing at a CAGR of 5.7% from 2015 to 2022.These pigments are rapidly gaining popularity on account of their ability to impart a unique gold-bronze effect to various substrates.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/metallic-pigments-market

Further key findings from the report suggest:

Global metallic pigments market demand was 153.8 kilo tons in 2014 and is expected to reach 228.6 kilo tons by 2022, growing at a CAGR of 6.4%from 2015 to 2022.
Paints and coatings was the leading application segment and accounted for 44.2% of total market volume in 2014. Burgeoning population coupled with evolving fashion trends in emerging markets of Asia Pacific and Latin America is anticipated to boost segment growth over the forecast period. Cosmetics are expected to witness the highest growth of 6.9% from 2015 to 2022.
Asia Pacific was the largest consumer and accounted for over 35% of global volume in 2014. Increasing construction spending in China, India and South East Asian countries, coupled with regulatory support for eco-friendly products is expected to drive demand in construction materials and special effect paints. The region is also expected to witness the highest growth of7.0% over the forecast period.
Central & South America is expected to witness accelerated growth to occupy over 12% of global market volume by 2022. Upcoming major sporting events such as the Rio Olympics in 2016 are likely to foster metallic pigments demand in infrastructural paints & graphic art printing inks in Brazil.
Metallic pigment industry is characterized by presence of several prominent market participants with high level of integration from raw material production to pigment processing.
Some leading companies operating in the global market include BASF, Eckhart Pigments, Asahi Kasei Corporation, Schlenk Metallic Pigments, Sun Chemical Performance Pigments, Sudarshan Chemicals, Umicore, Ferro Corporation, Carlfors Bruk, Toyal America, Inc. and Siberline Manufacturing Co.

High Pressure Grinding Roller Market is Projected to Witness Robust Growth till 2022

The High Pressure Grinding Roller (HPGR) Market is expected to reach USD 387.3 million by 2022, according to a new study conducted by Grand View Research, Inc. The growing mining industry and the need for energy efficient solutions worldwide are expected to contribute to the revenue growth.

According to Coalition for Eco-Efficient Comminution (CEEC), crushing and grinding consume around 53% of the total energy used by mining sites, which accounts for over 10% of the overall mining cost. In addition to this, mining companies are shifting their focus toward remote areas as accessible mineral reservoirs are on the verge of extinction. These remote areas have limited resources including energy, infrastructure, and labor, thus increasing the need for efficient comminution solutions. The high energy requirements and rising electricity costs worldwide are also compelling industry players to lower their consumption level in order to cut costs.

The growth of the cement and mineral industry is expected to boost its demand over the forecast period. The gold demand is expected to be stable owing to its financial, cultural, and emotional value, mostly in Asia Pacific. The increase in consumer demand for metals such as gold and silver is expected to favor the required machines in the mining industry, including the high pressure grinding rollers over the forecast period in the Asia Pacific region. This technology also offers additional benefits including low operating costs, increased lifespan, selective liberation, high throughput rates, easy maintenance, and effective control.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/high-pressure-grinding-roller-market

Further key findings from the study suggest:

The 2 x 650 – 2 x 1900 kW power rating segment was valued at USD 74 million in 2015and is expected to expand at a CAGR of 5.9% over the forecast period. Such rollers have a considerable demand for the base and precious metal mining, for instance, copper and gold. This segment is expected to be driven by mining activities in the African and Asian countries such as South Africa, China, and Japan along with the increasing infrastructure development in the emerging economies.
The HPGR market is technology-driven and OEMs are focusing on enhancing the capabilities of their existing product. The base metal liberation is anticipated to show a high potential owing to the increasing use of zinc, nickel, lead, and copper in various industrial and commercial applications. The precious metal beneficiation was valued at over USD 86 million in 2015 and is expected to be the key application segment in the near future.
The market is segmented on the basis of type as ferrous metals and ferroalloys processing, and non-ferrous minerals processing. The HPGR technology offers a scope for throughput optimization, less wearability, and lesser power requirement in the processing of non-ferrous metals. The non-ferrous mineral processing is estimated to be a key segment over the next seven years and is estimated to grow at a CAGR of 5.9% from 2016 to 2022.
Asia Pacific is estimated to be the key region and was valued at over USD 90.2 million in 2015, and is expected to expand at a CAGR of6.7% from 2016 to 2022. The regional growth is supported by the increasing infrastructure development and manufacturing activities in countries such as India and China. However, the mining industry players in the region may witness higher operating costs owing to the increasing labor & energy costs and mining taxes.
The key vendors dominating the HPGR market include FLSmidth & Co. A/S, SGS S.A., KHD Humboldt, ABB Ltd., and KöppernGroup. Other prominent vendors include MetsoOyj, ThyssenKrupp Industrial Solutions AG (Polysius AG), OutotecOyj, and CITIC Heavy Industries, Co., Ltd. (CITIC HIC).

Sunday, 29 December 2019

Oil and Gas Drill Bit Market: In Depth Analysis Report By Product

The global Oil And Gas Drill Bit Market is expected to reach USD 7.62 billion by 2022, according to a new report by Grand View Research, Inc. Increasing E&P activities on account of increasing energy demand is expected to remain a key driving factor for global oil and gas drill bit market over the forecast period. Shift in trend towards developing unconventional reserves such as tight gas, shale and CBM is also expected to have a positive influence on the market growth. Hydrocarbon extraction from these reserves requires highly durable bit with improved performance and rate of penetration (ROP).

Roller-cone bit were the largest product segment accounted for over 70% of total market volume in 2014. Roller-cone downhole components particularly those fabricated from tungsten carbide inserts are designed to operate in conventional formations and offer excellent rate of penetration (ROP) in initial stage of drilling. These products have less longevity as compared to the fixed cutter bit particularly when used in unconventional reserves. Fixed cutters are estimated to witness high growth as compared to the conventional tricone counterparts. High durability along with enhanced operability in most of the unconventional reserves coupled with increasing popularity of diamond cutters in the industry is expected to steer product demand in foreseeable future.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/oil-gas-drill-bit-market

Further key findings from the report suggest:

Global oil and gas drill bit market demand was 2,835.0 hundred units in 2014 and is expected to grow at a CAGR of 5.1% from 2015 to 2022.
Tungsten carbide inserts were the most preferred roller-cone bit with a total demand of over 1,090 hundred units in 2014. High durability coupled with increasing application in conventional drilling projects particularly in North America and Middle East is a major factor driving the product demand.
Polycrystalline diamond cutters (PDC) are the most lucrative product segment as compared to other conventional bit owing to high durability and its ability to withstand long operations. These products have gained significant popularity in directional and horizontal drilling. Strong potential of directional drilling for unconventional reserves is projected to provide sufficient growth opportunities for product market.
North America emerged as the leading consumer with demand share exceeding 35% in 2014. Increasing E&P activities coupled with shale gas boom in the U.S. can be attributed toward high market penetration in the region. North America is expected to gain significant share over next seven years owing to technological advancements along with large scale planned hydrocarbon explorations particularly in the Gulf of Mexico, and Canada Shale blocks.
Asia Pacific and Latin America market are estimated to project significant potential for future industry expansion. Asia Pacific is estimated to witness a growth of 5.6% from 2015 to 2022 to reach a market volume of over 790 hundred units by 2022.
Major companies operating in the global oil and gas drill bit market include Schlumberger, Baker Hughes, Atlas Copco, Halliburton, Varel International, Inc., National Oil-well Varco, Inc., Kingdream Public Limited Company and Torquado Drilling Accessories Inc.

Lubricant Additives Market Size Worth $18.85 Billion By 2024

The global Lubricant Additives Market is expected to reach USD 18.85 billion by 2024, according to a new report by Grand View Research, Inc. Stringent regulations regarding the permissible amount of carbon emission in the atmosphere are expected to remain a key driving factor for global lubricant additives market. Additive prices witnessed a significant decline in 2015 as a result of fluctuations in prices of key raw materials. Their prices are heavily dependent on prices of calcium carbonate, zinc metal, and crude oil.

Viscosity index improvers were the leading product segment with demand share estimated at 23.3% in 2015. Friction modifiers, which act as a cushion between two coated surfaces thereby minimizing surface contacts, are expected to register highest volume growth of 3.5% over the forecast period.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/lubricant-additives-market

Further key findings from the report suggest:

Global lubricant additives market demand was4.28 million tons in 2015 and is expected to reach 5.36 million tons by 2024, growing at a CAGR of 2.5%from 2015 to 2024
Automotive lubricants were the largest application segment and accounted for over 59.5% of total market volume in 2015. Increasing passenger car production and consequent sales particularly in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period.
General industrial oils were the largest segment for industrial lubricants and accounted for over 35% of its volume in 2015. Recovery of manufacturing sectors in North America and Europe along with high industrial output in Asian markets is expected to drive the segment growth.
Passenger car motor oil was the leading segment for automotive lubricant additives with its demand estimated at over 900 kilo tons in 2015. Consumption is expected to be driven by developing aftermarket for lubricating oils in emerging economies.
Asia Pacific emerged as the leading regional market with demand share exceeding 30% in 2015. High demand for passenger cars in China, South and Southeast Asia along with a robust lubricant aftermarket sale is expected to complement the regional demand.
Global lubricant additives market is highly concentrated in nature with Chevron Oronite, Afton Chemical, and Lubrizol being the top manufacturers. Top four companies account for over three-quarters of the industry share. Other key participants include BASF, Evonik Industries, Chemtura Corporation, Shamrock Shipping & Trading Limited, Infineum International Limited, IOCL, Croda International plc, and Tianhe Chemicals Group.

Monday, 23 December 2019

Adhesion Promoter Market Size, Analysis, Trends and Global Outlook

The global Adhesion Promoter Market is expected to reach USD 5.21 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth.

The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints.

Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote product demand.

High demand for silane products such chlorosilanes and other alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to foster silane growth. Silanes thus emerged as the largest product with around 34% market share in 2015. Maleic anhydride emerged as the fastest growing product with highest CAGR of 7.3% from 2016 to 2024. These additives provide durability and enhanced binding capabilities to composites, specifically providing strength & stability in the automotive & construction sector.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/adhesion-promoter-market

Further key findings from the report suggest:

Global adhesion promoter market size was708.1 kilotons in 2015 and is expected to reach 1,181.5 kilo tons by 2024, growing at a CAGR of 6.0% from 2016 to 2024
Plastics & composites were the leading application segment and accounted for 32.9% of total market volume in 2015.Development of innovative polymer resin materials and high performance plastic composites is likely to lead to their usage in automotive, aerospace and marine transportation owing to their light weight and high strength.
Technological advancements are expected to spur product demand in ‘green tires’ leading to growth in rubbers segment. China generated the highest demand for promoters in rubber segment accounting for over 17% of its consumption in 2015.
North America and Europe present relatively mature markets with a combined share of around 39% in 2015. Highly developed countries such as the U.S., Canada, Germany, the UK, France and Italy witnessed high product penetration, presenting few opportunities to market participants over the forecast period.
Adhesion promoters market is mainly dominated by multinational players such as BASF, Arkema, The 3M Company, Eastman Chemical Company, DuPont, Ashland, Momentive Performance Materials Inc., Dow Corning Corporation, Altana AG, Evonik Industries among several other independent players.

Anisole Market Size, Analysis, Trends and Global Outlook

Global Anisole Market is expected to reach USD 54.9 million by 2022, according to a new study by Grand View Research, Inc. Rapid industrialization coupled with growing use of these intermediate chemicals for production of various other products such as building polycarbonates, and detergents is expected to promote capacity expansion over the next seven years.

Various factors including rising disposable income coupled with increasing spending on personal care products including perfumes is expected to drive product’s need over the forecast period.

High need from various applications including perfumes on account of its pleasant aromatic odor and pharmaceutical sector owing to its tremendous use as an intermediate chemical will be favorable for global industry expansion.

Rising need for consumer products such as fragrances and flavors on account of changing consumer habits along with better living standards is expected to augment the product demand in emerging economies including India, China, and Brazil. However, raw material availability will challenge growth over the next seven years.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/anisole-market

Further key findings from the study suggest:

Perfumes dominated the industry with revenue estimated over USD 19.0 million in 2014. Rising disposable income coupled with increasing penetration of players such as P&G and Reckitt Benckiser through new product launches in China and India is expected to promote cosmetics sector. This in turn will have a positive impact on the market over the forecast period. Furthermore, rapid urbanization, higher spending power and growing awareness regarding appearance and grooming in emerging economies is expected to propel perfume sector in the region thereby fuelling growth.
Pharmaceuticals were the second largest segment and valued over USD 14.0 million in 2014. Prevalence of various companies including Johnson & Johnson, Pfizer and Merck & Co. along with high R&D expenditure in the U.S. and Mexico will propel product expansion.
Europe was the largest market, estimated over USD 13.0 million in 2014. Growing personal care products sector in Germany, Italy, France and UK is expected to have a positive impact over the forecast period. Introduction of new gender-specific products and technological developments is expected to drive need for personal care products. This in turn will augment demand over the next seven years.
Asia Pacific is expected to witness fastest growth at a CAGR of 4.9% from 2015 to 2022. Growing popularity of various brands including Christian Dior, Chanel and Elizabeth Arden in developing countries is expected to augment demand over the next seven years. In addition, increasing need for men perfumes particularly in India and China is expected to propel industry over the forecast period.
Global industry is fragmented on account of presence of numerous companies. These invest highly in R&D to introduce innovative products and employ various strategies including M&A and joint ventures to expand their presence. In March 2011, Camlin Fine Chemicals Ltd. signed an acquisition agreement for Borregaard Italy’s anisole facility.

Structural Adhesives Market by 3M Company, DOW, Sika AG, Henkel AG & Co and Others

The global Structural Adhesives Market size is expected to reach USD 29.32 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 6.4% over the forecast period. Increasing production of vehicles and aircraft are anticipated to boost the growth of the market.

Replacement of fasteners with advanced adhesives is anticipated to open new market opportunities for vendors over the coming years. Fabricators in aerospace, automotive, wind energy, marine, and other industrial sectors are likely to shift to bonding products in the future. Moreover, the use of these products in industrial applications is also beneficial in the reduction of cost and fast cycle time.

Sustainability is another major driving force in the global structural adhesives market. Adhesives are increasingly being used to create lightweight cars to reduce fuel emissions and to construct energy efficient buildings, which are expected to boost demand for bio-based polymers extracted from renewable resources.

International organizations such as the U.S. Environmental Protection Agency (EPA) and the Food & Drug Association (FDA) have laid down specific regulations and guidelines for structural adhesive production. OTC RACT Rule in North America regulates common pollutants that negatively impact the ozone layer, environment, and human health; it is also increasingly targeting VOC emission limits on a range of final products.

Specific products for marine, industrial, and wind blade applications are now being developed by many companies. For instance, UK based Gurit is focused on the production of adhesives, which are primarily used for infusion and hand layup processes for epoxy-based composites. Yacht building is another niche segment application where positive demand for products has been observed in recent years.

Increasing development of new products is driving market growth. Manufacturers are focused to overcome formulating and technical challenges. This has pushed the use of new designs and materials in industrial manufacturing. Increased demand for bonding with the requirement of flexibility and strength is gaining prominence in the automotive industry. There is also a requirement to reduce the vibrations and noise in the automobiles, which can further boost the products demand in the sector. Large assemblies in buses and commercial trucks are also projected to contribute to industry growth.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/structural-adhesives-market/

Further key findings from the report suggest:

In terms of revenue, urethanes held highest market share of 58.8% in 2018. The growth in this segment is attributed to increasing demand of plastics in automotive and other industrial sectors
In terms of volume, cyanoacrylic segment is projected to grow at CAGR of 9.0% during forecast period. High industrial output from end-use industries is fueling the demand for this segment
In terms of volume, water based adhesive accounted for 55.8% of share in 2018. Growing need to reduce the VOC emissions has boosted the demand for water based products
Asia Pacific was leading region with volume share of 48.4% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China
In terms of revenue, Europe is projected to grow at a CAGR of 4.0% from 2019 to 2025 on account demand from aerospace and automotive industries
Some of the key players present in the structural adhesives market are 3M Company, DOW, Sika AG, Henkel AG & Co and Ashland Inc. Many players are into development of new products for niche categories. Increasing R&D expenditure to further boost the demand for competition in the industry

Protective Coatings Market Size is Estimated to Register 7.7%CAGR till 2025

The global Protective Coatings Market size is expected to reach USD 50.86 billion by 2025, expanding at a CAGR of 7.7% over the forecast period, according to a new study published by Grand View Research, Inc. Rising demand from aerospace industry is expected to fuel the growth.

Protective coatings are widely used in aerospace application such as in exterior topcoats, fuel tanks, anti-chafe, wings, and others. They provide protection to equipment and assemblies against erosion, corrosion, chemical attack, and abrasion, and thereby help extend the life and efficiency of components. The demand for aerospace and defense equipment is anticipated to witness significant growth across the globe over the forecast period. The resurgence of global security threats coupled with growth in the defense budget of key nations are expected to drive the aerospace industry in the forthcoming years.

Based on resin segment, epoxy is anticipated to expand at the highest growth rate over the forecast period. Epoxy resin offer high flexibility and abrasion and corrosion resistance, thus, paving their way for use as protective coating in various end use industries such as automotive, construction, oil and gas, mining, power generation, marine, and others.

Water borne segment is projected to witness substantial growth during the forecast period. It is widely used in household applications and confined and poorly ventilated spaces. They have low Volatile Organic Compound (VOC) content, thus, making them more eco-friendly compared to their counterparts. This coating is used where solvent-borne coatings are anticipated to react with the substrate. Waterborne coating is an ideal primer on account of its properties including excellent thermal and corrosion resistance.

Based on end user, industrial segment is projected to grow significantly over the next seven years. Industrial machinery is exposed to high temperatures, corrosive fluids, and gases that can deteriorate it. Protective coating is used for heat exchangers, boilers, transformers, containers, and material handling equipment to protect them from heat and humidity. They provide the equipment with improved impact and abrasion resistance due to their impermeability.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/protective-coatings-market

Further key findings from the report suggest:

Asia Pacific was the dominant regional segment in 2018, driven by ascending demand from end users such as aerospace, automotive, mining, power generation, industrial, and oil and gas
China is the fastest growing country in Asia Pacific on account of the growing construction industry
Epoxy segment is potentially fueling the protective coatings market growth owing to its rising demand in various end-use industries
Market players engage in various strategic initiatives to gain greater market share. For instance, in February 2017, Akzo Nobel N.V. invested USD 14.14 million in the development of an R&D facility in Felling, U.K. The new facility is engaged in the development of new protective coatings for energy, mining, infrastructure, and oil and gas industries