Bulk Chemical Industry reports: June 2020

Tuesday, 30 June 2020

Automotive Appearance Chemicals Market: Global Industry Outlook, Opportunity Analysis and Forecast

The global Automotive Appearance Chemicals Market is anticipated to reach a market size of USD 1.59 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for appearance chemicals from the automotive industry is a key factor driving the growth of automotive appearance chemicals. In addition, the robust growth of the automotive industry in the emerging economies of Asia Pacific is expected to further drive the product demand over the forecast period.

Waxes, polishes, interior & exterior car care products, paint protection, tire cleaners, and glass cleaners are the various types of automotive appearance chemicals available in the market. Technological advancements have led to the increasing awareness among consumers about the advantages of automotive appearance chemicals.

In terms of revenue, cars accounted as the largest application segment in 2016 and the trend is expected to continue over the forecast period at an estimated CAGR of 4.3%. Increasing demand for luxury and vintage cars is also expected to further augment the product use. Furthermore, with a rise in the disposable income in countries such as the U.S., India, and China, the demand for luxury cars and sports utility vehicles, which constitute the highest consumption of appearance enhancement products is expected to grow, thereby driving the overall growth.

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

Further key findings from the report suggest:

The LCV segment is likely to register the fastest growth, in terms of volume, denoting a CAGR of 5.1% from 2017 to 2025, on account of growing sales of LCVs for logistics and transportation functions across several end-use industries
Polishes emerged as the largest product segment in 2016, in terms of revenue, and the trend is estimated to continue over the forecast period owing to superior and widespread functionalities and affordable prices
The wax segment recorded a revenue of over USD 300 million in 2016 and is anticipated to experience steady growth in the coming years on account of increasing use of the product for surface shine functions, especially in the car aftermarket
The Asia Pacific regional segment is projected to grow substantially over the forecast period owing to the robust growth of the automotive industry, most notably in countries such as India and China. In terms of revenue, the regional segment is expected to record a CAGR of 6.0% from 2017 to 2025.
Key players in the industry are primarily focusing on product development and geographic expansions to strengthen and improve their positions in the global industry

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Ethylene Copolymers Market: Global Industry Outlook, Opportunity Analysis and Forecast

The global Ethylene Copolymers Market size is expected to be valued at USD 67.02 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from packaging industry is anticipated to favor market growth in the coming years.

In terms of revenue, ethylene vinyl acetate (EVA) product type segment dominated the market in 2016 and is anticipated to ascend at a CAGR of 6.9% over the next eight years. In the packaging industry, EVA is widely used as shrinkage film as it contains a higher percentage of anti-blocking additives as compared to polyethylene. It also has the capability to provide low-temperature hot sealing, that enables energy savings and fast packaging speed, which is, in turn, expected to fuel market growth over the forecast period. Thus, the segment is anticipated to ascend at a steady CAGR over the next eight years.

The raw materials utilized for the manufacturing of ethylene copolymers are governed by various organizations such as Occupational Safety and Health Administration (OSHA) and the United States Environmental Protection Agency (EPA). These organizations have also set various quality standards for the raw materials and end products manufactured from ethylene. EPA has levied strict regulations to encourage the production of environment-friendly products, such as ethylene oxide, from ethylene.

The Asia Pacific region is expected to ascend at the highest growth rate over the forecast period. Rising demand from the packaging industry, in emerging economies such as India and China, is expected to drive the market in the coming years. The Asia Pacific region is characterized by rising awareness regarding various applications of ethylene copolymers.

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

Further key findings from the report suggest:

In terms of product type, Ethylene-vinyl acetate (EVA) segment dominated the overall market in 2016 and this trend is expected to continue over the forecast period
Asia Pacific is projected to progress at the highest 6.8% CAGR over the forecast period. Rising food consumption & technological innovations in countries such as China and India are projected to benefit the market growth in the region over the next eight years.
The global demand for hot melt adhesive application was valued at USD 18.2 billion in 2016 and is anticipated to ascend at a steady CAGR of 6.8% over the next eight years
The U.S. ethylene copolymers market was valued at USD 8.2 billion in 2016 and is estimated to reach USD 14.6 billion by 2025
DuPont, Celanese Corporation, The Dow Chemical Company, BASF SE, Sipchem, and USI Corporation are some of the key players in the global market

Denim Finishing Agents Market Report - Industry Growth, Opportunities, and Forecast

The global Denim Finishing Agents Market size value is anticipated to reach USD 2.21 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for high-quality enzymes and softeners due to rise in consumption of denim clothing and accessories in emerging economies of Asia Pacific is anticipated to steer the market growth in the coming years.

Jeans has become a wardrobe essential as it is durable, comfortable, and lasts longer than other materials. Jeans are available in a wide range of styles and colors to cater to the requirements of consumers. Denim is a versatile fabric and has surpassed gender and age barriers over the years. It is a classic fashion trend that is widely endorsed by the models of key global fashion brands. The fabric trades that are based on fits and styles are heavily dependent on celebrity fashion and street style. All these factors are expected to spur the demand for denim finishing agents used in fabric washing process during the forecast period.

Moreover, the multinational industrial players such as BASF SE, Dow Chemical Company, Huntsman Corporation, Seydel Companies, Garmon Chemicals, and Asutex are projected to launch new and innovation finishing technologies for the denim collections, to maintain and retain consumer interest and increase the sales. As a result, the private and public labeled players are anticipated to expand their portfolios and continue to impart some innovation for the products to satisfy customer needs.

Softeners dominated the product segment with the revenue worth USD 247.7 million in 2016 and anticipated to grow at an estimated growth rate of 9.1% from 2017 to 2025. Softeners provide soft finishing with surface smoothness, low yellowing, and improvement in physical properties of the fabrics.

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

Further key findings from the report suggest:

The global denim finishing agents industry was valued at USD 1.19 billion in 2016 and is projected to grow at a CAGR of 7.8% from 2017 to 2025
Enzymes are anticipated to grow at the fastest rates over the next eight years. The use of enzymatic chemicals supports the reduction of process time energy and chemical consumption throughout the denim washing cycle, in compliance with sustainable improvements.
The bleaching agents market in the U.S. was worth USD 13.97 million in 2016
Asia Pacific dominated the global finishing agents market and is estimated to grow at a CAGR of 9.1% from 2017 to 2025
The global denim finishing agents market is fragmented with the top 7 companies accounting for just around 50% of the total revenue in 2016. Some of the global players in the industry include BASF, Dow Chemical, Huntsman International LLC, Seydel Companies, Rudolf GmbH, Ab Enzymes, and Organic Dyes and Pigments.

Monday, 29 June 2020

Medical Polymers Market Worth $17.05 Billion By 2020 | CAGR: 8.4%

The global Medical Polymers Market size is expected to reach USD 17.05 billion by 2020, expanding at a CAGR of 8.4%, according to a new report by Grand View Research, Inc. The rising demand for medical devices and equipment in the healthcare sector owing to increasing prevalence of diseases is anticipated to drive the growth of the global market.

Increasing demand for medical devices, growing aging population, and expanding home healthcare sector in North America and Europe are some of the key factors responsible for the growth of medical polymers over the forecast period. However, fluctuating raw material prices are expected to affect the growth of the market.

Increasing expenditure on healthcare along with the presence of well-equipped hospitals and healthcare centers are the factors expected to have a positive impact on industry growth. Increasing demand for surgical instruments and tools such as gloves, clamps, forceps, syringes, surgical trays, medical bags, and catheters is expected to drive demand for medical polymers over the forecast period.

Increasing geriatric population is expected to result in the rise in healthcare facilities which is expected to drive the industry growth. This is expected to aid the growth for medical devices and therefore have a positive impact on the overall medical polymers market. Increasing bio-compatibility of plastics has also been a significant cause for the medical polymer industry growth.

Cost competitiveness and product quality are the key factors influencing the buyer power decision. High production volumes and ease of availability of product is expected to increase the buyer power. Moreover, low switching cost for consumers is expected to strengthen the bargaining power.

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

Further key findings from the report suggest:

Medical grade fibers & resins is expected to reach a market value of USD 12.70 billion by 2020, owing to superior properties such as high thermal and chemical resistance coupled with ease of sterilization.
Biodegradable plastics is estimated to be the register highest CAGR of 15.8% over the forecast period in terms of revenue, owing to health concerns regarding synthetic polymers.
Medical devices & equipment is estimated to be largest application, growing at a CAGR of 8.8%, owing to the growing home-care sector.
The demand for the product in Asia Pacific is expected to reach a value of USD 4.07 billion by 2020 on account of increasing use of high performance polymers for disposable medical components.
Industry players including Celanese Corporation and Eastman Chemicals are introducing advanced grade plastics and polymers in the manufacturing of critical as well as semi-critical devices and instrument, thus promoting its use in the healthcare sector.

Friday, 26 June 2020

PLA Market Worth $4.1 Billion By 2025 | CAGR 19.8%

The global Polylactic Acid Market size is expected to reach USD 4.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a revenue-based CAGR of 19.8% during the forecast period. Wide utilization of the product in various industries including packaging, agriculture, transport, electronics, and textiles in emerging economies such as China, India, and Indonesia is a key factor driving industry growth.

Polylactic acid (PLA) is used to produce engineering plastics and microwaveable containers, including food containers and disposable cutlery. Several beneficial properties, such as better aesthetic appeal, good resistance to oil and grease, and better printability, have resulted in significant use of PLA for manufacturing food packaging products.

The transport sector is likely to witness a steady decline in prices of automotive parts on account of increasing use of PLA in car interiors such as dashboards, seats, and bumpers, as it has the ability to reduce weight and increase toughness. The overall rising production of bioplastics and their increasing penetration in various applications in order to reduce greenhouse gases and decrease the dependence on petroleum sources is projected to have a positive impact on the market.

Polylactic acid packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. It has become an essential part of green packaging of various food products, which will help in improving its growth prospects over the forecast period. Growing usage of bioplastics in flexible packaging is expected to drive the market for polylactic acid.

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

Further key findings from the report suggest:

The packaging application dominated the overall PLA market with a volume-based industry share of 36.6% in 2018
Polylactic acid has a high bio-based content and is biodegradable or compostable in nature. Emerging bioplastic applications, coupled with favorable regulations toward the use of bio-based materials, are expected to give an impetus to the market over the forecast period
The North America market is expected to be driven by growing demand for bioplastics and addition of new manufacturing facilities. Additionally, the regional market is characterized by high demand for sustainability, which has resulted in a quest for sustainability in packaging as well
The overall bioplastics demand in North America is also expected to be spurred by initiatives for promoting environment-friendly products by the U.S. Department of Agriculture
The global industry is characterized by accreditation of the product, mergers and acquisitions, distribution and branding, and product development and innovation to improve the polylactic acid (PLA) market share of manufacturers
Some of the key companies present in the industry are BASF SE, Danimer Scientific, Futerro, NatureWorks LLC, Synbra Technology BV, Hitachi Ltd., Sulzer Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Thyssenkrupp AG, and Teijin Ltd.

Ethoxylates Market Report 2027- Industry Growth, Opportunities, and Forecast

The global Ethoxylates Market size is expected to reach USD 17.9 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% from 2020 to 2027. Growing consumer awareness regarding clean and hygiene oriented lifestyle, coupled with inclination towards environment friendly, is expected to drive the detergents demand, which, in turn, is expected to drive the product consumption over the forecast period.

Availability of technologically advanced equipment, such as washing machines, whose cleaning efficiency majorly depends on the quality of detergents, has further increased the demand for high-quality and high-performance detergents. These factors indirectly point toward the increasing demand for high-performance chemicals used in the production of detergent chemicals, thereby driving product consumption.

Demand for ethoxylates is expected to be restrained by concerns regarding the toxicity of the products. The surfactants used in coatings, detergents, and cleaners are based on ethoxylates. The products such as alcohol ethoxylates pose a threat to the sediment organisms and sewage treatment plant organisms, thereby posing a threat to the environment. In addition, the products such as nonylphenol ethoxylates (NPEs) have been found to cause damage to human health and consequently been banned by several governing agencies, such as the European Union and the government of Canada.

Among different product types available in the market for various applications, fatty alcohol ethoxylates (FAE) appear to be one of the prominently consumed chemicals owing to its widespread emulsifying, foaming, solubilizing and wetting properties. Efficient cleaning properties, coupled with its biodegradability, have propelled the consumption of FAE in the market.

However, fluctuations in the prices of palm and palm kernel oil, coupled with upstream instability in the fatty alcohol market, have resulted in the price increase for alcohol ethoxylates. The price increase is expected to continue on account of rising ethylene oxide prices, thereby leading to an increase in the production cost.

Agrochemicals account for a notable consumption of ethoxylates. The use of technology for spraying the agrochemicals in optimum quantities has improved the results of pesticides and herbicide use and reduced the side effects of the excessive use, which has encouraged the use of agrochemicals in farming. Demand for agrochemicals is expected to grow due to the consumption of pesticides that use ethoxylates as one of the major ingredients, thereby fueling market growth.

Market players are integrated across the value chain and are involved in the distribution of ethoxylates through a direct distribution network. In addition, they are involved in the captive consumption of ethoxylates, which are primarily used for the production of cleaning solutions for household applications and industrial and institutional cleaning. The presence across the value chain leads to a superior position, primarily in terms of operating margins.

Request a free sample copy or view report summary: Ethoxylates Market Report

Ethoxylates Market Report Highlights

In terms of revenue, Asia Pacific is expected to emerge as the fastest growing regional market over the forecast period
The alcohol product segment held the largest revenue share of 48.4% in 2019
Asian countries, particularly India and China, are likely to witness remarkable growth in next few years
The industry is fragmented and competitive with the presence of major global players, such as BASF SE, DuPont, Croda International Plc., Dow, and Huntsman Corporation LLC
Growing demand for industrial and institutional cleaners is expected to drive the product consumption over the forecast period.

Wednesday, 24 June 2020

Heat Resistant Polymers Market Size Worth $21.38 Billion By 2025

The global Heat Resistant Polymers Market is expected to reach USD 21.38 billion by 2025, according to a new report by Grand View Research, Inc. The market is likely to be influenced by the growing investments in the aerospace, electronics and the automotive sector.

Heat resistant polymers are resistant to degradation at high temperatures and thus can be extensively used in the transportation,electronics, defense, and bio-medical sector. High temperature resistant polymers are produced from chemicals using a various process, the most popular one being the chain reaction polymerization.

These polymers are consumed in the production of electrical insulations, coal boilers, packaging, and gaskets. Moreover, they are also utilized as raw materials for making high temperature fuel cells in the chemical manufacturing industry. Automotive and aerospace companies are continuously capitalizing their research and development operations to bring in advanced solutions for increasing fuel efficiency of the vehicles by replacing conventional materials.

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

Further key findings from the report suggest:

The global heat resistant polymers demand is expected to reach 1.27 million tons by 2025, growing at an estimated CAGR of 6.2% over the forecast period
The fluoropolymer segment accounted the largest market share in 2016 on account of its widespread use in the manufacturing of plastics, coatings, optical, medical, & electronic devices
Polyphenylene sulfide possess properties such as resilience to alkalis, mildew, bleaches, aging, sunlight, and abrasion which is required for manufacturing aerospace equipment
The transportation segment accounted for over 50.16% of the total heat resistant polymer market and is projected to witness the maximum growth rate during the forecast period
Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
The electronics & electrical segment accounted for more than 34.45% of the overall heat resistant polymer market and is anticipated to witness the highest growth rate over the coming years
Key players include BASF SE, Honeywell International Inc., E. I. Du Pont De Nemours and Company, Daikin Industries, Evonik Industries AG, DIC Corporation, Celanese Corporation, Solvay S.A.
Research & development activities, new product launches, and technological collaborations are some of the key strategic initiatives taken up by the leading companies

Metal Finishing Chemicals Market to 2025: Global Trends, Business Strategies and Opportunities with Key Players Analysis

The global Metal Finishing Chemicals Market size is expected to reach USD 13.52 billion by 2025, according to a new report by Grand View Research, Inc. it is anticipated to expand at a CAGR of 4.5% during the forecast period. Increasing consumption from end use industries, such as automotive, aerospace, construction, and electrical and electronics coupled with the ability of these chemicals to impart superior properties on a metal surface is expected to drive the product demand.

Increasing expenditure in aerospace R&D by various governments including U.S., Germany, France, U.K., Poland, and Sweden is expected to fuel the demand for metal finishing chemicals. Moreover, the product innovation and development of large aircraft by major aerospace OEM’s including Boeing, Lockheed Martin, Airbus, Sikorsky, Northrop Grumman, and Raytheon and the rising aerospace maintenance, repair and overhaul industry is expected to contribute to the product demand from aerospace industry.

The plating industry is experiencing a dynamic transition from wet surface finishing to dry finishing processes, which will help in reducing waste generation, hazardous emissions, dangerous chemicals, and operator exposure. Manufacturers are developing non-metal substrates reinforced with carbon, glass, or Kevlar and these products are expected to offer more strength, durability and better corrosion resistance. This factor is anticipated to drive the metal finishing chemicals market in near future.

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

Further key findings from the report suggest:

In terms of revenue, plating chemicals product segment is estimated to expand at a CAGR of 4.7% over the forecast period
The U.S. metal finishing chemicals market is anticipated to exceed USD 2.7 billion by 2025
Asia Pacific is expected to witness a significant CAGR of 6.3% over the next eight years, owing to growing automotive and construction spending coupled with rising disposable income
The market is led by Atotech Deutschland GmbH, Chemetall, Advanced Chemical Company among others

Thermal Insulation Coating Market to 2025: Global Trends, Business Strategies and Opportunities with Key Players Analysis

The global Thermal Insulation Coating Market size is anticipated to reach USD 11.75 billion by 2025, according to a new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected to impact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.

Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.

Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated to foster usage in the manufacturing sector. New product launches have enabled consumers to pick application specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

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

Further key findings from the report suggest:

The global thermal insulation coating market was valued at USD 6.66 billion in 2016 and is expected to grow at a CAGR of 6.5% from 2017 to 2025
Yttria Stabilized Zirconia (YSZ) occupied the largest revenue share on account of its higher price and increasing usage in power generation systems, diesel and gas turbine engines
Epoxy emerged as the fastest growing product segment in Europe and North America as it is free from volatile organic compounds (VOC)
Rising demand for environment-friendly and energy saving products & solutions is expected to drive this market
The automotive & transportation segment accounted for 25.3% of the global market in 2016 and is projected to grow at the second highest CAGR over forecast period
Stringent environmental rules & regulations and focus on indoor air quality is anticipated to drive the epoxy based segment
Increasing investment from government & private institutions in the aerospace & defense sector is projected to contribute to the demand for these coatings
Key players include PPG Industries, Nippon Paint Holdings Co., Mascoat, AkzoNobel N.V., Carboline Company, Sherwin-Williams Company
R&D activities, new product launches, acquisition & mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

Monday, 22 June 2020

Base Oil Market Size is Predicted to Reach $40.47 Billion By 2024

The global Base Oil Market is expected to reach USD 40.47 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for industrial lubricants, greases, hydraulic fluids, and metal working fluids made from raw stock fluids such as base oil is anticipated to remain a key driving factor for the market growth.

The shifting trend towards adoption of Group II and Group III base oil owing to the shutdown of Group I oil production facilities in Europe, and Asia Pacific is anticipated to fuel industry growth significantly.

Rapid expansion in the automotive sector in emerging Asian countries such as China, India, Indonesia, and Thailand is expected to boost demand at a rapid pace. The increasing demand for automotive fluids is owing to excellent properties such as improved oxidative stability, increased viscosity index, high level of saturation and low sulfur content.

Group II base oil accounted for over 20% of overall volume in 2015. They are manufactured by the hydro-cracking process, and it has high saturated and low sulfur than compared to Group I products.

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

Further key findings from the report suggest:

The global base oil market demand was over 37.64 million tons in 2015, and is anticipated to exceed 45 million tons by 2024, growing at an estimated CAGR of 2.4% from 2016 to 2024
Automotive oils were the largest application segment and accounted for over 40% of total market volume in 2015. The growth of lubricants industry on account of increasing automotive production in Asia Pacific is expected to drive this segment over the forecast period.
Increasing demand for metalworking processes such as cutting, welding and forming across various applications such as automotive, foundry, ships, aircrafts, milling and industrial machinery is expected to drive metal working fluids demand
Asia Pacific was the largest market, accounting for over one-third of the total market volume in 2015.The positive outlook towards automotive and industrial manufacturing sectors of emerging economies such as China, Vietnam, India and South Korea is anticipated to promote the usage of industrial and automotive lubricants
BP and Russian Rosneft have announced to sign an agreement to create a new joint venture company, Yermak Neftegaz LLC, to conduct exploration activities in the Yenisey-Khatanga and West Siberian basins
The market is highly fragmented among multinational players and small domestic players. Major companies identified in the market include ExxonMobil, Chevron Corp., British Petroleum PLC, Royal Dutch Shell, Sepahan Oil Company, LukOil, Saudi Aramco, S-Oil Corp., Indian Oil Corp. Ltd., Total, Motul, Repsol, Gulf Oil UAE, Petrobras and Tupras

Automotive Refinish Coatings Market Report 2024- Industry Growth, Opportunities, and Forecast

The global Automotive Refinish Coatings Market is expected to reach USD 14.88 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period.

The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period.

The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, decorative effects and exterior aesthetic to vehicles.Increasing demand for solid basecoats in motorcycles, trucks and cars owing to the ease of application coupled with basic color effect will increase industry size.

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

Further key findings from the report suggest:

Global automotive refinish coatings market demand was 916.4 kilo tons in 2015 and is expected to witness high gains in light of growing vehicle sales in China, India, and Mexico
Acrylics was a prominent segment and accounted for 21.1% of the overall volume in 2015. The product will show growth in light of its high usage in waterborne technology. Furthermore, superior properties including resistance to stain, blistering, cracking, and extreme temperatures will fuel its demand over the forecast period.
North America accounted for 22.8% of the global revenue share in 2015 and is expected to witness significant gains in light of growing need for repair, maintenance, and customization over the upcoming years.
Latin America will witness significant revenue growth at a CAGR of 6.6% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Prevalence of road accidents along with the growing trend of recreational vehicles in Brazil will fuel industry expansion.
Automotive refinish coatings industry is dominated by key participants including BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin-Williams. Ongoing product development by various companies to manufacture high-performance and cost-efficient coatings is expected to augment product consumption over the next eight years.
In December 2015, PPG Industries in collaboration with Asian Paints introduced product line of environment base high performance waterborne automotive refinished paint in Sri Lanka to expand the customer base

Friday, 19 June 2020

U.S. Construction Silicone Sealants Market –Industry Analysis and Outlook Report by 2025

The U.S. Construction Silicone Sealants Market size is expected to reach USD 288.1 million by 2025, according to a new report by Grand View Research, Inc. Rising applications in the construction industry coupled with the benefits offered by silicone sealants are supplementing the demand for silicone sealants in the U.S.

The market is expected to witness significant demand on account of growing necessity for the substance in the construction industry. The applications of silicone sealants are growing in the construction industry owing to its utilization in gap fillings, bathrooms & kitchen fittings, and expansion joints. The use of the product in the structural glazing of buildings is also expected to aid the market growth.

Exterior was the largest application category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. Interior is expected to witness fastest growth rate over the forecast period.

Residential is expected to grow at the fastest rate over the next 8 years with an estimated CAGR of 5.6% from 2017 to 2025. Houston, Dallas, Washington, New York, Austin, Los Angeles, Phoenix, Seattle, Atlanta, and San Antonio are among the fastest-growing cities in terms of residential construction. Factors such as sustainable community development, easy access to affordable housing, and government support for home ownership in the U.S. are likely to create favorable opportunities for silicone sealants demand in the construction industry.

Browse Details @http://www.grandviewresearch.com/industry-analysis/us-construction-silicone-sealants-market

Further key findings from the report suggest:

The revenue generated from the U.S. silicone sealants in construction reached USD 184.5 million in 2016 and is expected to grow at a CAGR of 5.1% from 2017 to 2025
Exterior emerged as the largest application segment in 2016 and is estimated to grow substantially over the forecast period.
The U.S. silicone sealants in the industrial sector was valued at USD 70.8 million in 2016 and is anticipated to witness staggered growth over the next 8 years
The industry in Southwest is projected to witness considerable growth over the next decade owing to the rapidly advancing construction industry in the region. The regional market is expected to grow at a CAGR of 7% from 2017 to 2025.
Key Players include in the U.S. construction silicone sealants are Wacker Chemie AG, 3M Company, General Electric Company, CSL Silicones, Inc., and others

Extruded Polypropylene Foam Market to 2025: Global Trends, Business Strategies and Opportunities with Key Players Analysis

The global Extruded Polypropylene Foam Market size is expected to reach USD 1.07 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for XPP foam in automobiles and packaging industry is expected to boost market growth.

The demand for extruded polypropylene foam is high due to its high strength to weight ratio and durability. Extruded polypropylene foam is available in low-density and high-density foam types. The market share of low-density foam is high due to its growing demand in the automobile industry. The demand for high-density foam is expected to grow rapidly over the forecast period owing to rising application in the construction industry.

Asia Pacific and Europe are the major regional markets. The presence of a large number of manufacturing facilities coupled with growing end-use industries is driving the demand for extruded polypropylene foam in these regions. The growing demand in emerging countries such as China, India, and Romania is expected to boost the market growth over the forecast period.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/extruded-polypropylene-xpp-foam-market

Further key findings from the report suggest:

High density XPP foam is projected to grow at a CAGR of 7.7% from 2017 to 2025 owing to increased demand from packaging and building & construction industry
Transportation application segment is anticipated to grow at a CAGR of 7.1% from 2017 to 2025 owing to rising research on automotive materials
Building & Construction application segment is anticipated to grow at a CAGR of 6.4% from 2017 to 2025 owing to growing infrastructure investments in emerging economies
Asia Pacific accounted for 52% of the global market share in 2016 owing to rapid expansion by manufacturers in countries such as China and India
Central & South America extruded polypropylene foam market is expected to grow from USD 28.8 million in 2016 to USD 49.8 million in 2025 owing to growing demand in Brazil
The market is highly fragmented with the presence of a large number of small and large manufacturers
Manufacturers are highly engaged introduction of better quality products that are well suited to the end-use application.

Thursday, 18 June 2020

Plastic Packaging Market – Global Industry Analysis and Outlook Report by 2027

The global Plastic Packaging Market size is projected to reach USD 320.94 billion by 2027, registering a revenue-based CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. The market is majorly driven by the growing demand for plastic packaging from the food and beverage and industrial packaging industry. The demand for new houses, cars, and apartments is expected to grow with the rise in the disposable incomes in countries such as U.S, India, and China.

Rapid industrialization coupled with increasing employment opportunities is expected to result in expansion of cities, particularly in emerging economies such as China, India, and the countries from South East Asia. Lack of time and increasing purchasing power of consumers has also resulted in driving the demand for packaged foods and the trend is expected to continue over the forecast period.

Moreover, well-known companies such as McCain, ConAgra, and Unilever have been developing their presence in the global market by making their products readily available in small retail stores as well as hypermarkets. These factors together are expected to drive the demand for packaged food. The positive outlook for the packaged food market is expected to have a positive impact on the demand for safe and effective plastic food packaging product demand.

One of the key drivers for the plastic packaging industry is pharmaceutical industry growth. Owing to advances in science and technology, the pharmaceutical industry has been growing at a rapid pace over the past few years especially in emerging counties such as China, India, and Brazil.

Innovation in the pharmaceutical industry is primarily driven by progress in the field of medicine. This industry acts as a key asset to the European economy as it is one of the country’s top performing high technology sectors. This in turn is expected to fuel plastic packaging demand in Europe over the forecast period. However, the pharmaceutical industry faces challenges such as additional regulatory hurdle and escalating R&D costs. These factors are expected to restrain the market which may in turn have a negative impact on the flexible packaging market over the forecast period.

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Further key findings from the report suggest:

In terms of revenue, rigid plastic packaging is projected to ascend at a CAGR of 3.7% over the forecast period on account of growing applications in industrial packaging solutions and it also benefits from the growing popularity of single-serve packaging
Wraps and Films segment contributed approximately over 19.9% to the total market share in 2019 as the said product is being extensively used for food packaging applications on account of their enhanced chemical resistance properties, which is expected to propel the market over the forecast period
In terms of application, food and beverages emerged as the largest segment in 2019 on account of rising popularity of nutritional enrichment food products along with the European Commission’s support to regulate the food applications at a domestic level is likely to augment the market growth
In terms of revenue, Asia Pacific accounted for the largest regional market, valued at USD 104.5 billion in 2019 on account of rapidly-growing end-use industries in key economies such as China, India, Vietnam, and South Korea
The plastic packaging market represents a highly competitive landscape. Key market players dominate the market space and have been focusing on various strategic initiatives including mergers and acquisitions, product innovation, and portfolio expansion
The plastic packaging market is characterized by the presence of various large industry players such as, Amcor Limited; Sealed Air Corporation; Coveris S.A.; Bemis Company, Inc. as well as a few medium and small regional players such as Ukrplastic, Ampac Holding, Wipak Group, and Flextrus AB