Bulk Chemical Industry reports: May 2020

Friday, 29 May 2020

Succinic Acid Market : Industry Analysis, Covid19 Impact and Forecast

The global Succinic Acid Market is expected to reach USD 237.8 million by 2022, according to a new report by Grand View Research, Inc. Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years. Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period.

Fluctuation of raw material prices, fuel, and energy costs are expected to hamper overall cost of the product, which in turn is expected to challenge demand. In addition, major companies are focusing on the manufacturing of the product through bio-based routes. This is expected to restrain growth over the forecast period.

Growing political and regulatory pressures on chemical companies to reduce carbon emissions coupled with growing concerns over depleting fossil fuel reserves have led to bio-based succinic acid development, which will act as a drop in replacement for the product, thus restricting growth.

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

Further key findings from the report suggest:

1,4 BDO is expected to be the fastest growing segment in terms of volume and revenue. It is expected to grow at a CAGR of 12.0% from 2015 to 2022. Rising BDO consumption in the manufacturing of tetrahydrofuran (THF), which is used as a solvent in pharmaceutical sector, is expected to have a positive impact on the industry.
Resins, coatings, dyes, and inks were the largest application segment valued at USD 23.0 million in 2014. Aerospace and electronics sector development in Asia Pacific countries including India and China is expected to promote demand.
Asia Pacific is expected to be the fastest growing market at a CAGR of above 10.5% from 2015 to 2022. Lack of stringent regulations in the region is expected to be a key driving factor for the market. Cosmetic industry growth in China, India, and Japan is expected to further augment succinic acid demand over the forecast period.
Global industry is fragmented on account of presence of numerous companies; however, most of these companies have switched to the production of succinic acid through the bio-based route. They invest highly in R&D to introduce the bio-based form that exhibits similar properties as that of the synthetic products. In October 2012, Reverdia and Helm AG signed an agreement to sell and distribute bio-succinic acid in Europe.

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

High Pressure Grinding Roller Market Growth, Size, Share and Forecast to 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).

Thursday, 28 May 2020

N-Methyl-2-Pyrrolidone Market 2025 | BASF SE, E. I. du Pont de Nemours and Company

The global N-Methyl-2-Pyrrolidone (NMP) Market is expected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. The NMP market is expected to witness significant growth over the forecast period owing to the increasing demand from Asia Pacific region.

NMP is used in a various applications including oil & gas, pharmaceutical, electronics, paints & coatings, agrochemicals and others. Emerging economies such as India are witnessing increasing FDI which is fueling the growth of industrial sector. Asia Pacific region is expected to witness higher growth rates owing to rapid urbanization in these countries coupled with per-capita disposable income levels.

Oil & gas dominated the market for NMP globally. The other key applications include electronics, pharmaceuticals, paints & coatings and agrochemicals.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/n-methyl-2-pyrrolidone-nmp-market

Further key findings from the report suggest

Globally, electronics and oil & gas application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 4% during the forecast period. This growth can be attributed to rapid growth from the end-use verticals such as petrochemical refineries, and electronics & telecommunication.
Asia Pacific dominated the NMP market in 2015 with an estimated revenue of around USD 450 million, and is projected to grow significantly over the coming years owing to the increasing investments from the application industries. China is expected to witness an increase in demand and expected to be the largest consumer of petrochemical products owing to presence of large capacity manufacturing units and favorable export-oriented government policies. Russian oil company Transneft has constructed Eastern Siberia Pacific Ocean (ESPO) Pipeline which provides Russia an option to supply crude oil to China.
Key participants in the N-Methyl-2-Pyrrolidone market include BASF SE, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Mitsubishi Chemical Corporation, and Ashland Inc., among others. In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions.

North America PVC Films Market Report - Industry Growth, Opportunities, and Forecast

North America PVC films market is expected to reach USD 2.99 billion by 2022, according to a new report by Grand View Research, Inc. The regional polyvinyl chloride films market is characterized by increasing regulatory & legislative intervention particularly in the U.S. and Canada for food packaging applications. Favorable regulatory environment in Mexico compared to the U.S. & Canada is expected to develop the regional industry over the forecast period.

Calendering technology dominated the PVC film market and accounted for 55.1% of total market volume in 2014. Increasing calendering usage among producers to fabricate rigid as well as semi-rigid films owing to its better processing and longer batch production qualities compared to other process is expected drive this segment over the forecast period. It is also expected to witness the highest growth of 2.3% from 2015 to 2022.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/north-america-polyvinyl-chloride-pvc-films-market

Further key findings from the report suggest:

North America PVC films market size was 985.4 kilo tons in 2014 and is expected to grow at a CAGR of 2.2% from 2015 to 2022.
Rigid polyvinyl chloride films market was the dominant product segment and accounted for 53% of total regional demand in 2014. These are widely used in food, footwear, blister and tools packaging. Regulations in the U.S. & Canada banning PVC usage in food packaging is expected to have a negative impact on its future consumption trends.
Packaging was the most dominant end-use industry and accounted for 33.6% of total market volume in 2014. Building materials is expected to experience the highest growth of 2.4% from 2015 to 2022. PVC films are used as decorative films, furniture films, construction films and envelope materials in construction. Increasing infrastructure expenditure in Mexico is expected to drive this segment.
U.S. was the leading regional market and with demand share estimated at 77.8% in 2014. Recovery of construction in industry post the economic recession is expected to ensure continuous PVC films demand in the nation. Monomeric and polymeric PVC films collectively accounted for over 30% of the U.S. consumption in 2014. Increasing scrutiny from state legislatures along with agencies such as EPA and FDA is expected to hinder demand.
North America PVC films market share is dominated by companies integrated from resin to films production. Some key companies operating in the regional industry include Plastic Film Corp., Bonset America Corp., Walton Plastics Inc., Tekra, Presco, ACG North America, Ronal Market Associates, Teknor APEX, Plastatech, and Achilles USA.

Wednesday, 27 May 2020

Polyacrylamide Market | SNF, BASF, CNPC, Ashland, Kemira, and Anhui Tianrun

The global Polyacrylamide Market size is expected to reach USD 6.8 billion by 2025, expanding at a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing penetration of the product in water purification activities as a flocculating agent is expected to propel the demand for polyacrylamide.

The market is highly influenced by the availability of raw material and fluctuating price trends. The prices of polyacrylamide are likely to grow over the forecast period owing to rising crude oil prices, which are further impacting the acrylamide, acrylic acid, and acrylonitrile prices. As a result, the market players are likely to integrate the value chain to reduce their dependency on the raw material supplier and increase profit margins.

SNF, BASF, and Kemira are few of the top polyacrylamide manufacturers. The multinationals are expanding their production bases and volumes to strengthen their roots in the market. Moreover, the market has numerous small-scale players, selling their products in domestic market. These players are likely to offer competitive pricing to gain market share against these major players.

Key applications of polyacrylamide include water treatment, oil and gas, and paper making. Other application areas include pharmaceuticals, cosmetics, and personal care products. Polyacrylamide is used as a flocculent in waste water treatment of the chemical industry and municipal sewage treatment.

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

Further key findings from the study suggest:

Anionic polyacrylamide was the largest product segment accounting for over 45% of the overall demand in 2018 owing to its low price and high demand in water recycling and food clarification applications
Cationic polyacrylamides are expected to expand at a CAGR of over 6.3% in terms of revenue from 2019 to 2025 owing to their rising demand from papermaking and oil and gas recovery
Wastewater treatment emerged as the largest application segment, and accounted for over 35% of the overall market share in terms of demand in 2018 owing to early adaption and high product volumes required by the sector
Demand for polyacrylamide in the oil and gas sector is expected to grow at the fastest pace owing to growing application in mud drilling, enhanced oil recovery, and solid/liquid separation activities
Asia Pacific led the polyacrylamide market in terms of revenue and accounted for over 55% market share in 2018, as the region has majority of the water treatment and paper making facilities in the world. India is expected to emerge as the fastest-growing regional market owing to rapid industrialization and high investments in the manufacturing sector
The market is fragmented in nature, owing to existence of several manufacturers, along with expansion of the product portfolios, which include xanthan gum and partially hydrolyzed polyacrylamide. Major market players include SNF, BASF, CNPC, Ashland, Kemira, and Anhui Tianrun.

Decorative Coatings Market Size is Predicted to Reach $43.79 Billion By 2022

Global Decorative Coatings Market is expected to reach USD 106.97 billion by 2022, according to a new report by Grand View Research, Inc. Rising construction spending in light of urbanization, population growth and government infrastructural plan will augment industry growth. Emerging economies in Southeast Asia including Malaysia, Thailand and Singapore are projected to witness a surge owing to increasing commercial establishments including shopping malls and business parks.

Waterborne coatings accounted for over 70% of global revenue and are expected to gain share over solventborne owing to its non-requirement of additives, hardeners or thinners resulting in cost advantage. In addition, the U.S. EPA and REACH promotes use of waterborne technology which is expected to stimulate market expansion over the next seven years.

Ongoing product development by various companies to manufacture cost-efficient and high performance coatings is further expected to drive demand over the next seven years. However, fluctuating raw material prices along with adverse environment impact of solventborne coatings is expected to restrict market growth over the next seven years. Introduction of nanocoatings along with green coatings is expected to open new opportunities for growth over the forecast period.

Browse Details of Reports @

http://www.grandviewresearch.com/industry-analysis/decorative-coatings-market

Further key findings from the report suggest:

Global decorative coatings market demand was 21,473.1 kilo tons in 2014 and is expected to reach 34,483.7 kilo tons by 2022, growing at a CAGR of 6.1% from 2015 to 2022
Primer is expected to witness rapid gains at an estimated CAGR of 6.3% from 2015 to 2022 as it acts as a leveler and protector for other products
Commercial applications are expected to witness significant rise, in terms of volume, at a CAGR of 6.0% from 2015 to 2022 on account of rapid industrialization, increasing government infrastructure spending along with increasing FDI in India and China. In addition, 2016 Olympic Games in Rio de Janeiro will augment demand in commercial sector.
North America accounted for over 15% of the global market share and is expected to witness significant gains in light of rapid infrastructure development and re-development in the U.S. and Mexico. Government efforts on reducing carbon footprints by deploying eco-friendly products will augment waterborne coatings industry over the forecast period.
Key industry players include PPG Industries, BASF, Sherwin-Williams, AkzoNobel, Kansai Paint and Nippon Paint. Various companies are involved in continuous R&D and technological development to enhance coatings properties including stability and low VOCs. For instance, Axalta Coating Systems provides waterborne coatings which significantly reduce energy consumption, VOCs emissions and overall investment. In June 2015, Dow Coatings Materials developed a low-VOC-capable hybrid resin for two-component (2K) coating systems which offers durability and interior UV protection.

Water Soluble Polymers Market Size is Predicted to Reach $43.79 Billion By 2022

The global Water Soluble Polymers Market is expected to reach USD 43.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for water soluble Polymers in water treatment, EOR techniques, drilling and fracking is expected to increase market size over the next seven years.

Growing personal care and detergents sector in various countries including India, China, U.S., and Saudi Arabia is likely to increase demand. Increasing usage of water soluble Polymers as dispersing and suspending agents, gellants, stabilizers, flocculants and coagulants, film-formers, thickeners, humectants, binders and lubricants will drive industry growth. Mounting consumption in various sectors including paper, mining, agriculture, and textile is expected to drive demand over the forecast period.

Rising environmental concern and increasing efforts to modernize municipal water treatment facilities on account of strict waste water management and municipal water standards is expected to augment industry growth. Asia Pacific is expected to witness high growth as a result of booming food & beverage sector, increasing investment by companies along with growing number of manufacturing facility by BASF and SNF in China. However, fluctuating raw material prices is expected to restrict growth over the next seven years.

Polyacrylamide was the largest segment in 2014 and is expected to gain market share in light of increasing consumption in drilling activities, waste water treatment along with the pulp & paper sector. Polyacrylamide is expected to witness fastest growth at a CAGR of 6.5% from 2015 to 2022 on account of growing consumption in mining and waste water treatment owing to stringent environmental regulations

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

Further key findings from the study suggest:

Global water soluble Polymers market demand was 6,039.4 kilo tons in 2014 and is expected to grow at a CAGR of 5.8% from 2015 to 2022.
In 2014, guar gum was the largest product segment and is expected to grow on account of increasing demand from convenience foods along with oil & gas industry. In addition, mounting pharmaceutical demand as a result of various technological advancements is further expected to augment guar gum consumption.
Oil & gas sector was the second largest application segment in 2014 with demand over 840.0 kilo tons on account of increasing drilling and fracking activities primarily in U.S., China, Argentina, Algeria and Australia. In addition, regulatory support for exploration, development and production of shale gas in order to meet the rising need for natural gas is expected to drive demand.
Asia Pacific was the largest market in 2014 and is expected to witness swift growth, at an estimated CAGR of 7.0% in terms of volume from 2015 to 2022, owing to increasing industrialization, rising water quality standards along with growing environmental concerns regarding wastewater treatment mainly in China, India and Indonesia.
The key market players include SNF Group, Ashland Inc., Arkema SA, DuPont, The Dow Chemical Company, BASF, Gantrade, Nitta Gelatin Inc., Kuraray Group, Kemira OYJ, AkzoNobel, Gelita AG, and Shadong Polymers Biochemicals Co. Ltd. Various companies are developing biodegradable Polymerss such as Polyaspartic acid (PASA) which is expected to open new growth avenues.

Piezoelectric Materials Market Growth, Size, Share and Forecast to 2025

The global Piezoelectric Materials Market is expected to reach USD 1.68 billion by 2025, according to a new report by Grand View Research, Inc. Rising sales of consumer electronics including LED televisions in developing countries including China, Thailand, and India as a result of product innovation is expected to play a significant role in increasing the requirement of sensors, which in turn will augment industry growth.

Piezopolymers are projected to witness growth at a CAGR of 4% from 2016 to 2025. Rising importance of polyvinylidene fluoride (PVDF) as an electroactive polymer material with low piezoelectric coefficient as compared to ceramic counterparts is expected to increase its demand in hydrophones, clamp-on transducers and pressure-based sensors for diesel injection lines.

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

Further key findings from the report suggest:

The market for acoustic devices was valued at USD 83.4 million in 2015 and is expected to foresee significant gains on account of technological advancement regarding smart electric guitars in developed countries including Germany and UK
Aerospace & defense sector is projected to grow at a CAGR of 5.3% from 2016 to 2025. Over the past few years, aerospace OEMs including Boeing, GE Aerospace, and Lockheed Martin have launched new aircraft as a result of increasing commercial fleets on a global level, which is expected to promote the usage of piezoelectric materials over the next nine years.
Asia Pacific is projected to witness growth at a CAGR of 4.5% from 2016 to 2025. Supporting government policies in China and India to promote investments within the domestic healthcare sector is expected to improve the production of pharmaceutical drugs and devices and thus likely to fuel demand over the forecast period.
Major manufacturers include PI Ceramic, Harris Corporation, and APC International, which are concentrating on product innovation where research institutes are developing products that can be commercially utilized. For instance, in July 2014, the researchers of Delft University, Netherlands, announced the development of PZT Composite Touch Sensors for integration with Flexible OLED Technology.

Piezoelectric Materials Market Growth, Size, Share and Forecast to 2025

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

Further key findings from the report suggest:

The market for acoustic devices was valued at USD 83.4 million in 2015 and is expected to foresee significant gains on account of technological advancement regarding smart electric guitars in developed countries including Germany and UK
Aerospace & defense sector is projected to grow at a CAGR of 5.3% from 2016 to 2025. Over the past few years, aerospace OEMs including Boeing, GE Aerospace, and Lockheed Martin have launched new aircraft as a result of increasing commercial fleets on a global level, which is expected to promote the usage of piezoelectric materials over the next nine years.
Asia Pacific is projected to witness growth at a CAGR of 4.5% from 2016 to 2025. Supporting government policies in China and India to promote investments within the domestic healthcare sector is expected to improve the production of pharmaceutical drugs and devices and thus likely to fuel demand over the forecast period.
Major manufacturers include PI Ceramic, Harris Corporation, and APC International, which are concentrating on product innovation where research institutes are developing products that can be commercially utilized. For instance, in July 2014, the researchers of Delft University, Netherlands, announced the development of PZT Composite Touch Sensors for integration with Flexible OLED Technology.

Tuesday, 26 May 2020

Automotive Wrap Films Market – Global Industry Analysis and Outlook Report by 2027

The global Automotive Wrap Films Market size is expected to reach USD 17.6 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 22.5% over the forecast period. High application scope, coupled with increasing demand from light duty vehicles, is likely to have a positive impact on market growth. The market has witnessed major advancements, both in terms of technology and material, to facilitate low cost and mass production of automotive wrap films. This has also led to flexibility in design and ease of manufacturing for a wide range of applications including heavy, medium, and light duty vehicles.

Demand for automotive wrap films in Asia Pacific is expected to register the fastest CAGR during the forecast period. Growing automotive industry, coupled with rising population and increasing disposable income of middle-class families in emerging economies of the region, is likely to be the primary driving factor in the coming years. Moreover, growing interest in vehicle color change among consumers is expected to propel demand for automotive wrap films in the region.

The medium duty vehicles segment is anticipated to witness considerable growth during the forecast period. Rapid industrialization, coupled with government initiatives to facilitate various policies in economies such as India, is projected to drive growth over the next few years. Growing population in the region also creates significant opportunities for development of the automotive wrap films market over the forecast period.

Growing construction, transportation, and industrial sectors are likely to increase sales of heavy-duty vehicles during the forecast period. Increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in North America, is expected to have a positive impact on the demand for automotive wrap films in the coming years.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-wrap-film-market

Further key findings from the report suggest:

Light-duty vehicles are expected to be the fastest growing application segment in the automotive wrap films market
North America was estimated as the largest market for automotive wrap films in 2019, owing to increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in the region
U.S. is the fastest growing country in the North America market on account of rising demand for customized vehicles.

Waterborne Coatings Market – Global Industry Analysis and Outlook Report by 2025

The global Waterborne Coatings Market is projected to reach USD 82.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at CAGR of 5.7% over the forecast period.

The prices of raw materials used in manufacturing waterborne coatings are expected to have a significant impact on the production cost of the final product. The demand for these raw materials from other application industries is expected to impact their availability for manufacturing waterborne coatings.

Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific.

Increase in production capacities and launch of new automobile models is expected to remain a key driving factor for waterborne coatings market in automobile applications. Growing automotive industry in emerging markets of Asia Pacific, Central & South America, and the Middle East & Africa is expected to be another major factor driving waterborne coatings market.

Automotive OEM application segment is expected to grow at the highest rate over the forecast period. Increasing middle-class income level coupled with rising living standard in emerging economies of Asia Pacific and Central & South America is projected to fuel the automotive sales. Low-cost of production of waterborne coatings coupled with longer shelf life is expected to drive the demand for these coatings in this application segment.

Stringent government regulations to lower VOC content in paints & coatings is expected to drive the demand for waterborne coatings in the North American market. Countries in this region such as U.S., Canada and Mexico are witnessing an increase in government stimulus packages after the global economic recession that hit the region. Factors such as rising employment rates and improvement in consumer confidence are expected to drive North America waterborne coatings demand over the forecast period.

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

Further key findings from the report suggest:

In terms of volume, the global revenue for architectural application is anticipated to reach USD 21.70 billion by 2025, growing at a CAGR of 4.4% from 2018 to 2025
Acrylic resin dominated the market in terms of revenue, with a market share of over 83.07% in 2017 and is expected to continue its dominance over the forecast period.
Some of the key companies present in the market include AkzoNobel N.V., BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd.; Kansai Paint Co., Ltd; Nippon Paint Holdings Company Ltd; and PPG Industries, Inc. among various others players.

Structural Adhesives Market – Global Industry Analysis and Outlook Report by 2025

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

Friday, 22 May 2020

Polyurethane Market Growth, Size, Share and Forecast to 2025

The global Polyurethane Market size is expected to reach USD 105.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.0% CAGR during the forecast period.Rising awareness regarding resource conservation and optimum manufacturing processes and low labor costs in developing countries are factors estimated to fuel overall market demand through 2025.

Growing demand for bio-based polyurethane (PU) as well as demand for innovation and sustainability are key factors driving the industry. Rising government interferences in order to reduce greenhouse gas (GHG) emissions are also estimated to have a positive impact on overall market growth.

Developed countries such as U.S., Canada, Germany, and U.K. have reduced carbon dioxide emissions over the past few years owing to increasing environmental concerns. The U.S. EPA and National Highway Traffic Safety Administration have issued regulations under the Energy Policy and Conservation Act to enhance fuel efficiency of vehicles and reduce carbon emissions.

Prominent players are incorporating bio-based PU to reduce reliance on conventional petrochemical derived PU and reduce the risks associated with it. Geographically, Asia Pacific emerged as a leading regional PU market in 2018 whereas Europe and North America are estimated to exhibit moderate growth over the forecast period.

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

Further key findings from the report suggest:

By product, the flexible foam segment accounted for the largest revenue share of 26.6% in 2018 owing to rising use as a cushioning material for furniture, bedding and mattresses, seating, and other soft products in several end-use industries
The elastomers segment is estimated to grow at the fastest pace over the forecast period owing to introduction of PU elastomers with intrinsic, self-healing properties that restore product appearance despite any damage. These are estimated to revolutionize the industry and boost segment share
Based on application, the construction sector accounted for the largest polyurethane market share in 2018 and is estimated to exhibit a revenue-based CAGR of 6.8% in the upcoming period owing to rapid industrialization in developing countries and its excellent insulation properties
The automotive sector is estimated to register steady growth over the forecast period owing to high mechanical strength, durability, and lightweight properties to reduce vehicle weight
Companies such as BASF and Shepherd Chemical Company have introduced novel products, technologies, and applications for PU, which is expected to revolutionize the industry over the forecast period.

Global Triethylene Glycol Market Report 2022- Industry Growth, Opportunities, and Forecast

Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period.

Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in emerging economies such as China, India and Brazil is likely to fuel TEG market over the forecast period. Positive gas industry outlook on account of policies favoring use of gas as a cleaner fuel is anticipated to assist market growth over the next seven years.

Growing chemical industry coupled with expanding end-use industries such as automotive industry especially in India and China is expected to boost demand for TEG in solvent and plasticizer applications. Increasing application scope of molded plastics and rubber is expected to result in increasing utilization of TEG over the forecast period.

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

Further key findings from the study suggest:

Asia Pacific was the largest market accounting for over 45% of global TEG volume share in 2014. Increasing use of gas as a fuel source in China, India, South Korea and Japan is expected to result in increased demand for TEG in the region. In addition, High technically recoverable shale gas deposits in China coupled with favorable government regulations in the country is expected to augment market demand over the next seven years.
Development of Asia Pacific and Middle East as refining hubs is anticipated to favor the TEG industry growth owing to abundance of feedstock and easy accessibility to end-use industries over the projected period.
Russia was the largest consumer of TEG in Europe as it is one of the largest producer and supplier of natural gas. Gazprom being the major gas producer in Russia was one of the largest consumers of TEG in 2014.
Key market participants include LyondellBasell, ExxonMobil, E.I. duPont de Nemours & Company, Honeywell International Inc. and 3M, Honam Petrochemical Corporation, Ineos, SABIC, Shell, Reliance Industries Ltd. and Clariant.