Bulk Chemical Industry reports: 2020

Friday, 28 August 2020

Global Liquid Waste Management Market Outlook, Analysis and Growth Opportunities, 2025

The global Liquid Waste Management Market size is expected to reach USD 117.3 billion by 2025, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Increase in the number of water-borne diseases has resulted in a rise in toxicity and safety concerns across the globe, which has emerged as a key factor driving the market.

Liquid waste generated from industrial manufacturing activities contains chemical compounds and toxic materials, which are hazardous for the environment, leading to growing demand for liquid effluent management activities. Increasing manufacturing activities to meet the surging consumer demand have resulted in significant rise in wastewater production, which is expected to benefit the industry expansion.

The liquid waste management market is highly regulated by agencies such as Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). Various laws including Environmental Protection Act, 1993 specify steps to be carried out by industry players including undertaking Environmental Impact Assessment (EIA) and preparing Environmental Impact Statement (EIS).

The market is characterized by presence of a few large players that lay focus on mergers and acquisition in order to reduce the competition. However, competitive rivalry in the market is expected to be low owing to increasing technological challenges and stringent waste processing regulations, which discourages the new entrants.

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Liquid Waste Management Market Report Highlights

Residential sector accounted for 42.7% market share in terms of revenue in 2018 on account of augmented water usage in residential applications leading to increasing amount of per capita wastewater generation, thereby fueling the segment growth
In terms of revenue, the commercial sector is expected to expand at a CAGR of 4.0% from 2019 to 2025 owing to increasing wastewater generation from the hospitality industry, coupled with high demand for water in the medical sector
Pharmaceutical industry is expected to register a CAGR of 4.5% in terms of revenue over the forecast period on account of increasing pharmaceutical production driven by population growth across the globe
U.S. accounted for 22.2% market share in terms of revenue in 2018 owing to presence of established industrial and commercial activities leading to a large volume of wastewater generation, along with stringent regulations imposed by EPA in the country
Major players operating in the liquid waste management market are integrated across all the stages of the process, including collection, transportation, and disposal of liquid waste, which aids in cost saving and increased profits.

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Thursday, 27 August 2020

Colorant Market Size is Estimated to Generate $37.49 Billion By 2025

The global Colorants Market size is expected to reach USD 37.49 billion by 2025, at a registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumer demand for dyestuffs in various end-use segments such as plastics, textiles, food, and paints & coating is anticipated to act as a major growth factor for the global market over the next few years.

Growing population, increasing disposable income coupled with consumer spending on packaged food products, and fashionable garments are estimated to drive product demand over the forecast period. Increasing awareness of environment-friendly features and the health benefits of natural colorants coupled with favorable government regulations towards eco-friendly initiatives are anticipated to remain a key factor for the growth of the natural ingredients market over the next nine years.

Paints & coatings sector is expected to appear as the fastest-growing application segment and is estimated to exceed USD 10 billion by 2025. Rising pigment and dye demand coupled with growing investment in advanced technologies used for the production of colorants are major factors contributing towards significant product demand in paints and coatings sector.

Caramel colors used in foods and beverages, including batter, buns, brown bread, chocolate, cookies, spirits, cough drops, and liquor such as beer, brandy, whiskey, and rum, are expected to remain the leading product category in food segment over the forecast period. The segment is estimated to reach a net worth exceeding USD 47.9 million by 2025.

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Further key findings from the report suggest:

Textile segment emerged as the leading application category and accounted for over 30% of the total demand in 2015. Disperse dyes dominated the product category with a total market of over 125 kilo tons in the textile application sector in 2015.
Plastic application is anticipated to experience steady growth, with a CAGR of 2.7% over the next nine years. Titanium dioxide pigment emerged as the dominant plastic colorant accounting for over 36% of revenue share in 2015.
Printing application is the second fastest-growing sector with a demand of over 140 kilo tons in 2015
Europe emerged as the dominant region and was valued over USD 8.7 billion in 2015, Germany is the leading market for dyes & pigments in overall Europe region is anticipated to grow at a CAGR of over 4% over the forecast period.
Asia Pacific is anticipated to experience the fastest growth over the next decade. Colorants demand in the region was estimated at over 450 kilo tons in 2015 with China being the dominant consumer over the past few years.
Major players including Chr. Hansen Holding A/S, BASF, Huntsman, Pidilite, Sensient Technologies, Jagson Colorchem, PolyOne, Penn Color, Clariant, and Lanxess dominated the global colorant market in 2015

Breathable Antimicrobial Coatings Market Size is Estimated to Generate $676.7 Million By 2025

The global Breathable Antimicrobial Coatings Market size is expected to reach USD 676.7 million by 2025, according to a new report by Grand View Research, Inc. Growing population and high focus towards better healthcare services are expected to fuel the demand over the forecast period. In addition, supportive government regulations and increasing medical device & pharmaceutical manufacturing in developing economies are expected to augment utilization of the product over the forecast period.

Rapid development in antimicrobial technology is expected to play a key role in augmenting market development. Numerous companies namely Microban, Biocote, and Sciessent have been involved in providing effective antimicrobial technologies for numerous industries including medical, food, textiles, and construction.

The University of Dundee has been focused on developing new technologies for medical devices in order to prevent infections and its related diseases. They have developed nanocomposite coatings to reduce bacterial colonization & adhesion, thrombus formation, and prion adhesion.

They have been focusing on developing antimicrobial coatings, especially for implanted medical devices. Similarly, the University of South Australia developed new technology to reduce the risk of infection after biomedical implants such as knee or hip replacement.

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Further key findings from the report suggest:

Indoor air quality dominated the market in 2015 and is expected to witness a CAGR of over 11% from 2016 to 2025 on account of rising concerns regarding pollution of indoor environment including workplaces
Mold remediation is expected to witness significant growth as the product is highly effective in controlling the moisture content inside the building as well as prevention of molds
North America is expected to witness considerable growth of over 11% from 2016 to 2025 on account of extensive research & development being conducted by the market players
Asia Pacific is expected to witness above average growth on account of increasing demand from developing economies, particularly, China and India and rising manufacturing capabilities
The majority of the market players supply their products through direct online channels. For instance, Fast Mold Removal sells its products through its website named “fastmoldremoval.com”. Similarly, H.B. Fuller also operates its online channels in various regions across the world.

Confectionery Packaging Market Research Report: Global Analysis by Amcor Limited; The Smurfit Kappa Group plc; Crown Holdings Incorporated

The global Confectionery Packaging Market size is expected to reach USD 26.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% over the forecast period. Rapid expansion of the confectionery industry will remain a key factor for the growth of the market across the world. Furthermore, growing importance of packaging in enhancing the aesthetics of the food item is boosting the demand for the product among the major chocolate, candy, and sweet manufacturers.

As of 2018, plastic dominated the industry in terms of raw material. High flexibility, durability, and light weight make it more preferable among the food manufacturers. However, rising awareness about non-degradability of plastic and its harmful impact on the environment is expected to raise the demand for environment-friendly materials such as paper and board. Manufacturers of the food industry are focusing on introducing plastic free sustainable packaging. For instance, in January 2019, Nestlé announced to start paper-based packaging for its colorful sugar-coated chocolate, Smarties in 2020.

Asia Pacific is anticipated to witness relatively higher growth as compared to the other regions. Increasing demand for chocolate is boosting the growth of the industry in this region. According to the Cocoa Association of Asia, grinding cocoa beans has increased by around 15% from 2016 to 2017. This will widen the opportunity for the chocolate producers in this region. In March 2019, Barry Callebaut, a global manufacturer of high-quality chocolate and cocoa products, expanded its business in China. The company opened a new CHOCOLATE ACADEMY center and a new office in Beijing.

Key competitors of this industry include Amcor Limited; The Smurfit Kappa Group plc; Crown Holdings Incorporated; Sealed Air Corporation; Bemis Company, Inc.; WestRock; Sonoco Products Company; The International Paper Company; Huhtamäki Oyj; and Berry Global, Inc.

Manufacturers of this industry have been focusing on product innovation as food producers are demanding innovative packaging to attract consumers. In July 2018, Nestlé launched KitKat Senses in a pop-open box design. The trays and lids of this product are made of carton board. Nestlé collaborated with ÅR Packaging Group AB for this new KitKat series.

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Further key findings from the report suggest:

North America accounted for 30.9% share of the overall revenue in 2018
Asia Pacific is expected register the fastest CAGR of 7.0% from 2019 to 2025
Plastic held the largest share of more than 50.0% in 2018
Chocolate dominated the market with a revenue of USD 10.1 billion for the year 2018

Tuesday, 25 August 2020

Luxury Watch Market Size Worth $9.3 Billion By 2025 | CAGR: 4.3%

The global Luxury Watch Market size is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing consumer preference to purchase luxury watches as a style statement is expected to have a strong impact on the market growth. Furthermore, increasing importance of e-commerce portals including Amazon and Flipkart as a selling medium for providing access to limited addition watches is projected to expand the industry size over the next few years.

Increasing number of aristocratic women in Western European countries including Germany, France, and U.K. who wear intricate watches on the wrist is expected to remain a prominent trend. Furthermore, new product launches in Unisex collection by companies including Rolex, Cartier, and Tag Heuer are projected to expand the buyer reach over the next few years.

Mechanical products accounted for the largest share of more than 75.0% in 2018. Excellent durability due to presence of Titanium ceramic coatings and PVD coatings in mechanical watches is expected to maintain its lead in the near future. Key industry playersthat offer mechanical products include Rolex SA; A. Lange & Söhne; Apple Inc.; and The Swatch Group Ltd.

Online distribution channel is expected to be the fastest growing category as the consumers are shifting from offline to this distribution channel due to the ease of product comparison and doorstep delivery services provided by the e-commerce portals. Some of the key online retailers are Amazon, FlipKart, and Aliexpress.

Asia Pacific is expected to be the largest regional luxury watch market over the next few years. Expansion of middle class income groups in emerging economies including China, India, and Vietnam on account of urbanization and increasing number of commercial set-ups is expected to promote the use of luxury watches over the forecast period.

Some of the key players are Rolex SA; A. Lange & Söhne; Apple Inc.; The Swatch Group Ltd.; FOSSIL GROUP, INC.; CITIZEN; Seiko Watch Corporation; CASIO; and Audemars Piguet. Companies are adopting new product development strategies to get a competitive advantage in the market. For instance, in 2019, Rolex SA launched six new models such as YACHT Master 42, Sea-Dweller, Gmt Master Ii, Day Date 60, Date Just 36, and Date Just 31.

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Luxury Watch Market Report Highlights

Mechanical products led the market with a share of more than 75.0% in 2018
Offline distribution channel accounted for a share of more than 85.0% in 2018
Asia Pacific dominated the global luxury watch market in 2018 and is expected toexpand at the fastest CAGR of 4.7% over the forecast period.

Men’s Underwear Market Research Report: Global Analysis by Phillips-Van Heusen Corporation; Hanesbrands Inc.; Jockey International Inc.

The global Men’s Underwear Market size is expected to reach USD 42.22 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.3% during the forecast period. Increasing awareness about health, best fit and personal hygiene, and rise in millennial population, are expected to drive the growth. Increasing availability of a wide range of products in multiple designs suitable for various purposes such as sports, regular wear, and functional wear among others is projected to further fuel the demand.

Improving fashion trends, increasing disposable income, and changing consumer lifestyle and preferences are expected to boost the market growth. Increasing concerns regarding the fabric used for manufacturing underwear is one of the major factor driving the market. Availability of a wide variety of fabrics such as cotton, polyester, nylon, rayon, silk, and cotton blends further drive the product demand. Underwear manufactures are focusing on intimate product designs and patterns such as thongs, C-string, tanga, and jockstraps among others, which is projected to further fuel the product demand.Millennials are more receptive to new and different products. Demand for new and innovative products in terms of color, fabric, print, and style among others is high among millennials, which in turn is creating opportunity for the manufactures in the market.

Companies focus on R&D to make the products suitable for all shapes and sizes. Innovation in advance tailoring along with new fabric modal, viscose or merino wool, helps in reducing moisture and regulate temperature is driving the competitiveness in the market. For Instance, Saxx offer 3D hammock shaped pouch that prevent skin-against-skin friction with the help of mesh panels which features no exposed stitching for chafe free comfort. Also, Under Three-D fit range they have created a 3D shaping around glutes, thighs, quads and hamstrings by using nine panels of fabric to make consumers fit, feel and functional.

By type, the men’s underwear market is segmented into briefs, boxer brief, trunks, boxers, and others. Boxer brief is estimated to hold the largest market share of approximately 33.0% owing to the factors such as sleek fit, better support, and comfort offered by the product. Boxer brief are designed to imitate tapered boxers with a snug fit and they remain comfortable like briefs. They are available with numerous pouch options, for instance the contour pouch by Calvin Kelvin.

Trunks is estimated to register the fastest CAGR of 5.7% from 2019 to 2025. Trunks are gaining popularity among millennials and Generation X as they are more versatile and suitable for everyday wear including dressing up occasions and for sportswear. Trunks are lean short than boxer brief which allow the legs and thighs to look muscular and slimmer, which drives their popularity among younger generation.

By Fabric, the market is segmented into cotton, polyester, modal, nylon, and others. Cotton fabric underwear held the largest market share of approximately 68.0% in 2018, attributed to the properties of the cotton that makes underwear soft, lightweight, and more breathable. Consumers prefer cotton fabric underwear over others for the comfort, high absorbency, and moisture resistance of the fabric. Modal fabric underwear is projected to register the fastest CAGR of 5.6% over the forecasted period. It is a type of rayon and the second generation regenerated cellulosic fiber which is around 50% more absorbent than cotton. It is the softest fabric in men’s underwear segment. Shrink resistance, high wet strength, and absorbent properties of the fabric make it more durable and able to sustain multiple washes and suitable for tumble dry.

Asia Pacific is the largest and fastest growing market for men’s underwear. It is projected to expand at the fastest CAGR of 5.9% over the forecasted period. High demand for underwear owing to high male population in the region can be accredited to the growth. China and India accounted for male population of 714 million and 694 million respectively in 2017. Both these countries together account for more than 70.0% of the regional market.

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Further key findings from the report suggest:

Boxer brief type segment held the largest market share of approximately 33.0%% in 2018 and is expected to reach USD 14.23 billion by 2025
Cotton fabric held the largest market share of more than 68.0% in 2018, driven by the properties of cotton that make the underwear soft, lightweight, more breathable,highly absorbent, and moisture resistant
Key players in the men’s underwear market are Phillips-Van Heusen Corporation; Hanesbrands Inc.; Jockey International Inc.; American Eagle Outfitters Inc. and Ralph Lauren Corporation

High Performance Polyamides Market Size Worth $2.8 Billion By 2027

The global High Performance Polyamides Market size is anticipated to reach USD 2.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.1% from 2020 to 2027. Increasing concerns among consumers and automobile manufacturing companies regarding vehicle efficiency and favorable government regulations regarding the use of polyamides in automotive, electrical and electronics, and consumer goods end-use industries are expected to drive the market over the forecast period.

The demand for high-performance polyamide is expected to increase majorly in the electrical and electronics end-use industry segment owing to the increase in demand for medical electronic devices, home electronics, smart devices, and electrical components to tackle the COVID-19 pandemic situation. The form factor of electronic devices and electrical equipment is getting smaller, and hence requires a high amount of heat dissipation. Additionally, the demand for smart household applications, which require lightweight and thermally conductive plastic components, has risen sharply in recent years. This trend is expected to propel the market growth over the forecast period.

Asia Pacific market is anticipated to witness substantial growth over the coming years owing to various factors such as the presence of government initiatives, such as Make in India, rising number of automotive and medical and healthcare product manufactures, and rising R&D investments for developing new applications of high-performance polyamide by private as well as public organizations. In addition, various medical and healthcare product manufacturing companies have started looking towards India for establishing a manufacturing facility post COVID-19 pandemic situation.

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High Performance Polyamides Market Report Highlights

The electrical and electronics end-use industry segment is expected to register the highest CAGR of 7.7% over the forecast period in terms of revenue. The significant CAGR is attributed to the rising demand for high-quality electronic components and products, consumer goods, and kitchen appliances
The automotive end-use industry segment accounted for over 35.0% share of the overall revenue in 2019. This high share is attributed to lightweight metal replacement components to reduce the overall vehicle weight and increase the efficiency
Asia Pacific accounted for over 40.0% share of the overall revenue in 2019. The market in India is expected to register a revenue-based CAGR of 8.3% over the forecast period.

Lamination Adhesives Market: Industry Challenges, Business Overview and Forecast Research Study 2027

The global Lamination Adhesives Market size is expected to reach USD 4.55 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% from 2020 to 2027. Increased demand for medical flexible packaging is fueling the growth of the market.

Attributes such as overall cost savings, ease of storage and handling, and convenience have created a favorable impact on the demand for medical flexible packaging. Numerous technical developments in the field have created a positive impact on the popularity of flexible packaging. One of the popular inventions is the development of metalized films. These films assist in the resistance to oxygen and water and also provide glossy or metallic appearance.

With increasing pharmaceutical and medical device production, lamination adhesives are likely to observe positive demand over the coming years on account of its use in flexible packaging. This packaging offers several advantages such as product protection, low waste, and shipping friendly. It also reduces the overall weight by a significant amount. This is likely to remain another key focus area for market vendors.

Flexible packaging demand from the food and beverage sector is likely to remain an attractive area for the market vendors. Flexible packaging is used in the food and beverage sector for protection and improving the shelf lives of products such as ready to eat products including coffee, ice creams, and snacks, and boil in bag products including rice and seafood. Lamination adhesives offer several advantages such as resistance to tearing, protection from light and moisture, and prevention of food qualities, such as aroma and freshness.

Expansion of the fast-moving consumer goods (FMCG) industry in emerging economies such as India, China, and Brazil is projected to indirectly push the demand for lamination adhesive products over the coming years. The economies are characterized by a growing population and rising incomes, which is projected to create a favorable impact on FMCG goods. Changing lifestyles, easier access, and growing awareness are some of the key factors driving the FMCG industry.

Technological advancement to improve productivity and functionality is projected to remain an indirect growth factor for adhesive products. Manufacturers are using automated machinery in order to fill the packages at a faster rate and enable the use of next generation films.

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Lamination Adhesives Market Report Highlights

In terms of revenue, acrylic resin is projected to expand at the fastest CAGR of 8.0% over the forecast period. Key characteristics such as higher temperature stability, high resistance to chemical and ultra-violet light, and excellent aging properties are likely to boost the segment growth
By technology, water-based adhesives accounted for the largest volume share of 50.6% in 2019 and is projected to witness significant growth in the future on account of super esthetic properties, cost-effectiveness, and corrosion resistance
The packaging industry was the largest end-use segment and held a nearly 65.0% share of overall revenue in 2019. Increasing flexible packaging demand from the food and beverage, consumer goods, and pharmaceutical sectors is the key factor driving the segment
Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. Increasing healthcare expenditure in the Southeast Asian countries and rising healthcare investments through public and private projects are projected to offer numerous opportunities for market vendors
Inorganic growth strategies such as mergers and acquisitions are projected to affect market dynamics and competition.

Pouches Market Research Report: Global Analysis by Amcor plc, Mondi, Sealed Air

The global Pouches Market size is expected to reach USD 53.9 billion by 2027, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn expected to benefit the market over the forecast period.

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Pouches Market Report Highlights

The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need of refrigeration and thus proves to be cost-efficient
The stand-up type segment is expected to witness a highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration organized retail
The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

Monday, 24 August 2020

UAE Organic Personal Care Market Research Report: Industry Analysis by Natura Cosméticos S.A., Yves Rocher, Amway Corporation

The UAE Organic Personal Care Market size is expected to reach USD 137.5 million by 2025, expanding at a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for cosmetics along with skin and hair care products coupled with rising preference for environment and animal-friendly products is expected to drive the market growth.

Organic personal care industry includes a variety of products such as hair, oral, and skin care products, cosmetics, and other personal grooming products. Rising R&D expenditure to introduce improved plant and animal extracts into various products is expected to promote demand over the forecast period. Stringent regulations promoting the use of organic materials in skin care industry are likely to propel market growth.

Rising consumer awareness regarding the potential impact of organic products on the health and environment has resulted in augmented sales of personal grooming products over the past few years. The growing trend of reducing the consumption of harmful chemicals including phthalates, aluminum salts, and parabens and the committed efforts of numerous multinational corporations of shifting to sustainable products have contributed to the rise in the consumption of organic personal products.

Organic products designed for skin are expected to have a high market penetration due to increasing number of consumers, especially women, becoming more conscious about their appearance and preferring chemical-free products. In addition, increasing incidences of skin disorders globally have led consumers to switch from synthetic products to natural products.

Increased consumption of sunscreen, anti-tan products, and antiaging creams among the middle-aged men and women is a key factor resulting in high demand for personal grooming products. In addition, the growing demand for moisturizing lotions, facial wipes, hair styling gels, creams, and makeup products for men is expected to fuel the cosmetics industry growth over the forecast period.

Growing consciousness regarding personal appearance among individuals with rising awareness about the benefits of organic products is driving the demand for organic grooming products. In the personal care sector, skin care is expected to be the leading category followed by hair and oral products. Changing perception of consumers toward organic products and growing utilization of environmentally sustainable products have fueled the growth of naturally derived products.

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Further key findings from the report suggest:

Skin care product segment held the largest share of the market in 2018 and the trend is expected to continue over the forecast period
Hair care product segment is projected to grow at the fastest CAGR of 8.3% over the forecast period
Soybean oil, aloe vera, xanthan gum, neem extract, and fish oil are some of the key raw materials used in the manufacturing of organic products
Manufacturers are thriving to achieve optimum business growth by adopting strategies including joint ventures, acquisitions, new product developments, promotion of key product brands, capacity expansions, and substantial investments in research & development
Key players involved in the manufacturing of the products include Natura Cosméticos S.A., Yves Rocher, Amway Corporation, Kiehl’s, L'Occitane en Provence, and The Estée Lauder Companies Inc.

Automotive Adhesives Market Research Report: Industry Analysis by 3M, Bostik, H.B. Fuller, Henkel

The global Automotive Adhesives Market size is anticipated to reach USD 6.5 billion by 2025, exhibiting a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for lightweight vehicles and shifting preference of consumers toward sustainable adhesives are projected to favor the market growth.

The usage of adhesives helps in reduction of weight of vehicles, which further boosts the fuel efficiency and overall performance of vehicles. This has resulted in rapid adoption of adhesives over mechanical fasteners in automotive industry. Also, they are increasingly being used in electric vehicles, which is anticipated to fuel the market growth further.

Adhesives including acrylic, polyurethane, epoxy, and rubber are widely used in body in white, exterior, and interior applications. Body in white is the raw framework of the vehicle, which utilizes a major quantity of adhesives. The product enhances the strength of the body frame while reducing the use of spot welding.

Polyurethane is the most widely used adhesive in the automotive industry, followed by acrylic and rubber. As compared to epoxy and acrylic, polyurethane adheres to a wider range of substrates. In terms of revenue, acrylic segment is anticipated to register a growth rate of 4.8% over the forecast period.

The product consumption is increasing extensively in developing economies with the growth in the production of heavy commercial vehicles. HCV & MCV segment is expected to register the fastest growth rate of 5.6%, in terms of revenue, over the forecast period owing to their increasing production in the Americas and Asia Pacific. Initiation toward adoption of electric vehicles, technological innovation, and developments in the manufacturing industry are further projected to boost the product demand. For instance, in February 2019, the Government of India approved the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME)-II scheme for funds worth USD 1.39 billion from 2020 to 2022.

The automotive adhesives market is competitive owing to the presence of significant players such as 3M, Bostik, H.B. Fuller, Henkel, Sika AG, and Wacker Chemie AG, among other regional players. Mergers & acquisitions, development of new technologies, and capacity expansions are the various strategic initiatives adopted by industry players to maximize their growth.

For instance, in April 2019, PARKER HANNIFIN CORP entered into an agreement to acquire LORD Corporation for USD 3.68 billion. The acquisition was aimed at fulfilling the company’s objective to invest in profitable and growing businesses such as engineered materials.

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Further key findings from the report suggest:

NVH constituted a volume share of 36.5% in 2018 with the growing consumer preference for comfortable driving experience
The bonding segment held a revenue share of 47.4% in 2018 owing to the growing demand for adhesives over mechanical fasteners
Hot melt technology segment is anticipated to register a growth rate of 6.1%, in terms of revenue, over the forecast period due to its properties such as superior bonding and heat resistance
Interior application segment is anticipated to witness growth in demand owing to the introduction of sustainable adhesives in the industry
Increasing raw material prices are expected to affect the manufacturing cost, thereby resulting in an increase in product prices. For instance, H.B. Fuller North America increased the prices of its adhesives by 4% to 10% in October 2018.

Wednesday, 19 August 2020

Furandicarboxylic Acid Market Size, Share, Growth, Trends and Forecast

The global Furandicarboxylic Acid Market size is expected to reach USD 498.2 million by 2020, according to a new study by Grand View Research, Inc. Avantium’s FDCA production facility is expected to come online by in 2016 - 17 with annual capacity reaching 50 kilo tons by 2017. FDCA is expected to have great potential as a replacement to other petroleum based chemicals such as adipic acid, terephthalic acid and bisphenol A. The addressable market for FDCA as of 2013 was in excess of 50 million tons with PET and PBT being the largest applications.

The market potential for FDCA is expected to reach 498.15 kilo tons by 2020, growing at a exponential CAGR of 367.0% from 2014 to 2020, owing to the projected commercial production of FDCA by Avantium in 2016 using bio feed stock. The market for FDCA in 2013 was 40 tons with production on order basis primarily for scientific applications.

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Further Key findings from the study suggest:

Post commercialization, PET is expected to be the largest application segment for FDCA accounting for 64% of the global market in 2020. The growing demand for packaging material coupled with the need for bio based products is expected to greatly boost the demand for FDCA.

Polyamides are expected to be the second largest application segment in 2020 with a potential market for 80,000 tons. FDCA has the potential to replace adipic acid and its bio based alternative considering economic production by 2020.

A limited number of companies manufactured and supplied FDCA as of 2013 and primarily for scientific purpose. Avantium is expected to begin construction of its first commercial FDCA plant with 50 kilo ton capacity in 2015 and is expected to begin production by 2017.

Avantium has been a key participant inFDCA technology development, with partnerships and alliances with key application clients including The Coca-Cola Company, Danone, Teijin, Solvay and Rhodia.