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Amino Resins Market Trends Revenue Insights | Industry Outlook, Size, Growth Factors, & Forecast
Market Overview:
Amino resins are produced by copolymerization of aldehyde with amino compound. They are commonly used as curing agents in specialized coatings due to their ability to increase coating hardness and enhance solvent resistance. They are widely formulated with epoxies, alkyds, epoxy esters, polyvinyl butyrals, thermosetting acrylics, and oil free polyester resins. They are utilized for large scale manufacturing applications as they are suitable to meet the volume demands with less time requirement. They are widely utilized as surface coatings, laminate flooring, textile finishers, and paper processing in various end use industries such as electrical and electronics, furniture, building & construction, automotive, and others.
Some of the prominent factors that positively influence the growth of the amino resins Market Trends are increasing residential and commercial construction activities, constant urbanization, and improved living standards. Furthermore, rising automotive sales in developed and developing regions coupled with increasing demand for fuel efficient vehicles is predicted to accelerate the growth of the market. Additionally, continuous expansion of construction sector in emerging economies are expected to propel the growth of the market during the assessment period. Huge investments in the ongoing R&D projects by key manufacturers and relatively strong acceptance within the end use industries is set to positively influence business outlook. However, stringent regulations by various government bodies, regarding the harmful content of formaldehyde, is predicted to hamper the growth of the market.
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Market Segmentation
Global amino resins market trend is segmented on the basis of type, application, end use, and regions. On the basis of type, the market is categorized into melamine urea formaldehyde resin, melamine formaldehyde resin, and urea formaldehyde resin. On the basis of application, the market is classified into laminate flooring, surface coatings, textile finishes, and paper processing. On the basis of end use, the market is categorized into building & construction, furniture, automotive, electrical & electronics, and others. Among these, building & construction sector holds the largest market share for amino resins among other end use industries on account of increasing, institutional, domestic, and commercial activities worldwide. Automotive sector is expected to be the fastest growing segment among end use due to rising automotive production and sales globally. Moreover, increasing number of working professionals along with rising disposable income is predicted to increase the demand for personal vehicle in near future, which in turn, is estimated to propel the demand for amino resins market during the assessment period.
Regional Analysis
Asia Pacific is estimated to be the largest market growth for amino resins followed by Europe and North America, due to rising demand from building & construction, automotive, and electrical & electronics among others. Emerging countries such as India, China, Bangladesh, Vietnam, and Malaysia are the fastest growing market for amino resins, and is predicted to grow with the same pace in the near future. North America amino resins market is predicted to witness a steady growth with U.S. and Canada being major contributors on account of growth in end use industries such as electrical & electronics and automotive. Europe is anticipated to witness a substantial growth over the assessment period owing to increasing demand for amino resins in construction sector, specifically in Germany, Spain, and UK. In Latin America, Brazil and Mexico are among the major contributors in the regional market growth due to expansion of automotive sector. The Middle Eastern and African countries such as Qatar, Kuwait, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are estimated to witness an average growth due to rising foreign investments and shifting of manufacturing base to these region.
Competitive analysis
The major players operating in the amino resins market trends are BASF SE (Germany), Silekol sp. z o.o. (Poland), Advachem S.A (Belgium), Acron (Russia), Rayonier Advanced Materials. (U.S.), Ineos Melamines Gmbh (Germany), Chemiplastica Spa (Italy), Georgia-Pacific LLC (U.S.), Jiangsu Sanmu Group Co. Ltd. (China), Hexion (U.S.) among others.
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Anti-Tacking Agents Market Trends Size Research by Application Report
Market Synopsis:
Market Research Future (MRFR)’s latest report reveals that the global anti-tacking agents market Trends is projected to exhibit healthy growth at a steady CAGR of 4% during the forecast period 2022 to 2027. The technological advancements and increasing product offerings in the rubber industry are expected to catapult the anti-tacking agents market growth on an upward trajectory.
A surge in demand for rubber products has been witnessed in the recent times. Anti-tacking agents facilitate better handling of the rubber by effectively eliminating the sticking properties. Thus, an increase in the demand is forecasted for the anti-tacking agents market.
The accelerated revenue creation in the global automobile sector is expected to have a positive influence on the expansion of the anti-tacking agents market as the sector requires massive amounts of rubber for certain auto components. Furthermore, the increasing demand from other end-user industries for the production of wires, footwear, cables, etc. is prognosticated to augment the anti-tacking agents market. Meanwhile, rising prices of raw materials remain an impediment to the market growth.
Market Segmentation:
By type, the global anti-tacking agents market trends has been segmented into silicone polymers, stearates, fatty acid esters, and others. The stearates segment is expected to account for a dominant share of the market during the forecast period.
By application, the anti-tacking agents market is segmented into profile and hoses, wire and cable, molded rubber goods, tires, belting, footwear, seals and gaskets.
Regional Outlook:
By region, the global anti-tacking agents market share has been segmented into Europe, Americas, Asia Pacific, and the Middle East & Africa. Asia Pacific is the largest market for anti-tacking agents market. The boom witnessed in the automobile and healthcare sector in the region is poised to fuel demand in the regional anti-tacking agents market. Additionally, the presence of emerging markets such as China and India are likely to favor the growth of the market in Asia Pacific. Other factors responsible for the market proliferation include huge population base, changing lifestyle, increasing disposable income, etc.
North America is estimated to hold a significant share of the market towards the end of the projection period. The technological advancements coupled with thriving end-user industries is expected to complement the anti-tacking agents market proliferation during the review period.
Competitive Dashboard:
Some of the key players profiled in the report are Lion Specialty Chemicals Co. Ltd., Schill + Seilacher "Struktol" Gmbh, Fragon Produtos Para Indústria De Borracha, Parabor Brasil, Sasco Chemical Group, Inc., Stephenson Alkon Solutions, Kettlitz-Chemie Gmbh & Co. Kg, Peter Greven Gmbh & Co. Kg, Baerlocher Gmbh, Hans W. Barbe Chemische Erzeugnisse Gmbh, Chem-Trend L.P., Croda International Plc, H. L. Blachford ltd., The hallstar company, Lotréc ab, King industries, inc., Faci Spa, Evonik industries ag, Mclube, Gemini group, Polmann India Ltd, RE Carroll, inc, Linyi Fuyu metal products co., ltd., Taiwan nanotechnology corporation, Shenzhen kanglibang science & technology, and Blachford.
Industry News:
In June 2018, Germany based Barbe Group of Industries presented anti-tack agents from its Promol SL range at DKT 2018.
In August 2018, Evonik, Germany, has disinvested in its US Jayhawk site as it plants to focus on specialty chemicals systematically
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Dicyclopentadiene Market Trends Market Size, Share & Forecasts, 2022 – 2030: Million Insights by Report
Market Highlights
The global Dicyclopentadiene Market Trend is projected to be valued at USD 1,071.74 million by the end of 2027, registering a CAGR of 5.14% during the forecast period.
Dicyclopentadiene is a chemical compound with the formula C10H12. It is co-produced in large quantities in the steam cracking of naphtha and gas oils to ethylene as part of the separation process of crude C5 streams. It is a colorless, waxy, flammable solid or liquid with a camphor-like odor. Dicyclopentadiene is highly flammable, with a flashpoint of 90°F/32°C and a boiling point of 338ºF/170°C. The major uses are in resins, mainly unsaturated polyester resins. As a chemical intermediate, it is used to make insecticides, hardeners, and dryers in linseed and soybean oil and produce ethylene propylene diene monomer (EPDM) elastomersmetallocenes, resins, varnishes, and paints.
The extensive demand for dicyclopentadiene analysis in the manufacturing of unsaturated polyester resins is the primary driving factor propelling the growth of the global dicyclopentadiene market. These unsaturated polyester resins are further widely used in the manufacturing of fiber-reinforced plastics (FRP), which have applications in sanitary ware, tanks, pipes, gratings, and high-performance components for the marine and transportation industry, such as closure panels, body panels, fenders, and boat hulls and decks. Replacement of conventional structural materials, such as wood and metals, by FRPs due to their high strength-to-weight ratio, chemical resistance, weatherability, easy fabrication, and versatility of product design drives the global market. Furthermore, the use of dicyclopentadiene in hydrocarbon resins, which are used as tackifiers, performance modifiers, and homogenizing agents, supports market growth.
Moreover, rapid industrialization and urbanization across the globe and infrastructural development promote the use of EPDM rubber in construction activities. The growing construction industry in developing regions, with rising residential and commercial construction, especially in India and China, coupled with improving living standards and rising disposable incomes, is driving the growth of the dicyclopentadiene market. Increasing spending by the Indian government on infrastructure development, such as the Smart Cities Mission, Green Corridor, and the building of ports, is propelling the market growth. Additionally, in late 2021, the Chinese government started the One Belt One Road project for transportation infrastructure development, which is likely to propel the growth of the construction industry, thereby driving the global market.
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Segment Analysis
The global Dicyclopentadiene Market trends has been segmentedon the basis of grade, application, and region.
By grade, the market is segmented into polyester grade, hydrocarbon grade, high purity grade, and others. Among these, the polyester grade was valued at USD 329.90 million in 2019, accounting for 45.47% of the global market; this is attributed to the high use of dicyclopentadiene for producing polyester resins, which are further used in key end-use industries, such as building & construction, automotive, and aerospace.
On the basis of application, the market has been categorized into unsaturated polyester resin, hydrocarbon resin, EPDM elastomers, cyclic olefin polymer (COP) & copolymer (COC), poly DCPD, and others. The unsaturated polyester resin segment emerged as the fastest-growing segment, registering the highest CAGR of 5.4%. It is expected to reach a value of USD 498.41 million by the end of 2027.
Key Findings of the Study:
The global Dicyclopentadiene Market trends is projected to reach a value of USD 1,071.74millionby 2027,with a CAGR of around 5.1% during the forecast period.
Among these regions, Asia-Pacific accounted for 47.23% of the market share in 2019 and is expected to exhibit the highest CAGR of 5.4% during the review period; this can be attributed to the rapid industrial growth and the improving economic conditions of consumers in this region.
The growing construction industry in developed nations, with increasing investments in residential construction and infrastructure development, is likely to drive the growth of the dicyclopentadiene market. In the U.S., revenue from the construction industry crossed USD 1 trillion in 2016–2017 and is expected to reach USD 1.7 trillion by 2020. This market growth can be attributed to the increase in residential construction with the growing need for single-family dwellings.
The regulations imposed regarding environmental concerns and depletion of fossil fuels coupled with an inclination towards plant-based chemicals act as a restraint for the market growth.
The growing demand for lightweight and fuel-efficient military aircraft for homeland security and counterterrorism is a major factor expected to fuel the global market growth.
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Laminated Veneer Lumber Market Share Market Industry Growth Insights, Target Audience, & Industry Report
Overview
The global laminated veneer lumbar (LVL) market share is expected to reach USD 6,950.3 million by 2025, registering a CAGR of 13.4% during the forecast period 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.
The key factors driving the growth of the global laminated veneer lumbar (LVL) market are increasing demand for LVL in the construction industry and growing preference for engineered wood products. However, lack of skilled labor and fluctuating raw material prices are expected to restrict the growth of the market during the forecast period. Furthermore, increasing use of LVL in emerging economies anticipated to create growth opportunities for the market.
Segmental Analysis
The global laminated veneer lumbar (LVL) market share has been segmented based on the product type, application, and region.
Based on the product type, the global laminated veneer lumbar (LVL) market is bifurcated into cross-banded laminated veneer lumber and laminated strand lumber (LSL). The cross-banded laminated veneer lumber segment accounted for the largest market share of 57.6% in 2018 and is expected to register the highest CAGR of 14.0% during the forecast period. Due to higher shear strength, the cross branded LVL is mainly used for midrise buildings whereas LSL is suitable for use as rafters, beams, columns, and sills while the latter is suitable for applications such as floors, walls, and ceilings.
Based on the application, the global laminated veneer lumbar (LVL) market has been segmented into residential buildings and commercial buildings. The residential construction segment accounted for the largest market share in 2018. The commercial construction segment is projected to register the highest CAGR of 13.8%. The growing number or single-family houses and growing adoption of sustainable construction material are expected to drive the growth of the residential segment during the forecast period.
On the basis of region, the laminated veneer lumbar (LVL) market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Among these, the North America region reported the largest market share of over 46.8% in 2018. The demand for LVL in the North America region is attributed to consumer preference for cost-effective and efficient construction techniques. Additionally, the demand for LVL in residential buildings has been high due to the increased private construction in the country. This creates a tremendous opportunity for manufacturers and adds to the growth of the construction industry, which fuels the demand for LVL in the country.
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Competitive Analysis
The prominent players operating in the laminated veneer lumbar (LVL) market share include Weyerhaeuser Company, Metsä Group, Boise Cascade, Louisiana-Pacific Corporation, Modern Lumber Technology, Nelson Pine Industries Limited, Murphy Company, and Brisco Manufacturing Ltd.
Regional Analysis
The regional analysis for the global laminated veneer lumbar (LVL) share has been conducted for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The North American region includes major markets such as the US, Canada, and Mexico. North America has vast potential for LVL due to the increased use of wood in the construction industry. The US is expected to hold the largest market size in North America. Strong economy and real estate industry lead to an even strong outlook for wood construction in the coming years in North America. LVL is expected to be preferred over traditional construction methods owing to various advantages, such as quickening construction methods, strength, and cost-effective. Hence, the growing popularity of LVL further boosts the market in the region.
Europe region is further divided into Germany, UK, France, Spain, and Rest of Europe. It is expected to be the fastest growing market for LVL globally owing to the increasing upgrade of the existing infrastructure, rising environmental concerns, and the growing interest in cost-effective construction are some of the factors driving the growth of the market in Europe. Moreover, the construction sector has primary contribution in the growth of the economies in Europe. Germany accounted for the largest market share in 2018 followed by UK, France, and other countries.
Asia-Pacific includes China, Japan, Southeast Asia, India, Australia, and Rest of Asia-Pacific. The growth of the building & construction industry and improvement in financial conditions in this region have led to a rise in demand for LVL. Moreover, industrialization and urbanization in the emerging economies, such as China, India, and Japan are also boosting the growth of the laminated veneer lumber (LVL) market. China has witnessed rapid growth in industrialization and growing population levels, which have fueled the demand for cheap residential houses. Presently, China is looking forward to developing and implementing cost-effective and durable construction processes and products. This will raise the demand for the laminated veneer lumber.
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Roofing Tiles Market Share Market Industry Revenue Growth Regional, Application, Key Player, Forecast
Market Highlights
The Global Roofing Tiles Market share is expected to witness sustainable growth during the forecast period owing to the growth of the construction industry and the rising consumers' awareness of the benefits of clay roof tiles. Roofing tiles are eco-friendly, attractive, strong, and energy-efficient. Thus, homeowners and roofing contractors are inclined toward the installation of such roofing in any structure and building. Also, these are fire-resistant and does not crack or shrink with the effects of humidity, sunlight, or other weather condition. Such benefits make customers use roofing tiles in their buildings.
Asia-Pacific is expected to witness the fastest growth in the global roofing tiles market during the forecast period: MRFR
On the basis of region, the global roofing tiles market share is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific accounted for the largest market share, followed by North America, and Europe, which is expected to have the highest growth rate during the forecast period. This can be attributed to the growth of the building & construction industry, mainly in emerging economies such as China and India. The rise in the number of construction projects in the Asia-Pacific region, has further enhanced the market growth.
Furthermore, North America has witnessed sustainable growth in the construction industry, owing to the increased renovation projects in the region. According to the US Census Bureau, the total annual value of construction in the US was USD 1,293,982 million in 2018, USD 747,809 million of which was for non-residential construction. The high growth in the construction industry in North America, drives the growth of the roofing tiles market in North America during the forecast period.
Roofing Tiles Market share is considered to rise its USD 42,655 million by 2027 and is expected to witness a 6.2% CAGR.
The clay segment is set to occupy the largest market share of the global roofing tiles market: MRFR
On the basis of type, the global market has been segmented as clay, concrete, metal, and others. The clay segment accounted for the largest market share in the global market. These flooring tiles are eco-friendly and energy-efficient and provide various advantages during installations.
The residential segment is set to occupy the largest market share of the global roofing tiles market: MRFR
On the basis of application, the global roofing tiles market is segmented as residential, commercial, infrastructural, and industrial. The residential segment is expected to witness the fastest growth rate during the forecast period.
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Scope of the Report
This study provides an overview of the global roofing tiles market share, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global roofing tiles market by type, application, and region.
By Type
Clay
Concrete
Metal
Others
By Application
Residential
Commercial
Infrastructural
Industrial
By Region
North America
Asia-Pacific
Europe
Middle East & Africa
South America
Key Players
The Prominent Players in the Global Roofing Tiles Market are Brava Roof Tile (US), Crown Roof Tiles (US), and Wienerberger AG, Tesla (US), Red Land Tiles, Atlas Roofing Corporation (US), tex Group (Belgium), Boral Limited (Australia), Ecostar LLC, Eagle Roofing (US)
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Aerospace Materials Market Share Revenue Regional Demand, Trend, Outlook with Forecast
Market Synopsis
According to the MRFR analysis, the Global Aerospace Materials Market Share is projected to be worth USD 60 Billion by 2030, registering a CAGR of 7.2% during the forecast period (2021-2030).
Aerospace materials are specialty materials designed to bear high pressure, exceptional strength, and superior physical properties. The demand for aerospace materials is expected to increase owing to increasing aircraft production, defense spending, and growing adoption of air travel. Furthermore, with the increasing focus on enhancing the performance and increasing the fuel efficiency of commercial and military aircraft has increased the investments in research and development of improved and high-performance structural materials.
Pricing and Regulatory Analysis
The Aerospace Material share follows strict standards set by ASTM International, SAE International, and the National Center for Advanced Materials Performance (NCAMP) for evaluating aerospace material. The average price for aerospace materials insight varies from USD 1,700–3,900 per tons. The price variation is attributed to material type, grade, and quality.
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SEGMENTATION
By Material Type
Composite: Composites play a vital role in the aerospace applications owing to their exceptional strength, high stiffness-to-density ratio, and superior physical properties. The composite segment accounted for the largest share of the global aerospace market and is expected to witness significant growth during the forecast period.
Steel: Steel alloys include a wide range of products varying from low-alloy steels (4130, 4340, 300M), austenitic (300 series), precipitation hardening (17-4PH, 15-5PH, 13-8Mo), and others. Steel is used for fabricating aircraft parts such as fasteners, fittings, airframe parts and valves, landing gear, and actuators.
Titanium: Titanium alloys are used for critical and highly stressed parts such as airframes and engines. The demand for titanium is expected to increase owing to lightweight, high strength, and excellent corrosion resistance properties. The demand for titanium from the commercial aerospace sector was pegged at 48.1 Kilotons in 2018 and the demand for titanium from the aerospace industry is expected to remain stable during the forecast period driven by increasing aircraft production.
Aluminum: Aluminum alloys such as 2024, 7085, and 7075 are mostly used in aircraft applications owing to lightweight, corrosion resistance, and high strength. Aluminum accounted for the second-largest share of the global market and is expected to maintain steady growth during the forecast period owing to lightweight, advanced forming and alloying capabilities, and relatively low cost.
Others: The other segment includes superalloys, plastics, magnesium alloys, and others.
By Aircraft Type:
Civil Aircraft: The civil aircraft segment accounted for the largest share of the global aerospace materials market. The segment is expected to witness significant growth during the forecast period owing to low airfares, increasing adoption of airways as a transportation medium and increasing air passenger traffic. The global commercial aircraft fleet in 2017 stood at 25,368 aircraft which is expected to increase to 35,501 with an annual growth of 3.4% during the forecast period.
Military Aircraft: Increasing defense budget and spending by the government of the US, China, India, France, Germany, and Japan driven by increasing geopolitical tensions is likely to propel the growth of the military aircraft segment during the forecast period. According to the Stockholm International Peace Research Institute (SIPRI), the military spending across the globe in 2018 rose to USD 1,822 billion which represented an increase of 2.6% from 2017.
Others: The other segment includes drones, helicopters, and private jets. Albeit having a smaller share in the global market, advancement in material science and increasing demand for high strength and light-weight material is expected to propel the growth of the segment at a healthy CAGR during the forecast period.
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Green Polymer Additive Market Share Demand Analysis, Business Overview, Manufacturers, Current Trend, CAGR Status
Market Synopsis:
Polymer additives are components, added to the polymer to modify its properties such as plasticity, temperature, and chemical resistance, colorants, and others. Polymers include lubricants, plasticizers, viscosity modifiers, antistatic and antifogging agents, and others. Polymer additives enhance properties of the polymer to make it suitable for specific applications. the green polymer additive industry occupies a green polymer additive market value of USD in billion during the year of 2018. The market projects at a CAGR of 6.80% during the market forecast period of 2022-2030
Market Dynamics:
Demand For Green Plastics and Environmental Market Share Concerns Are the Prime determinants Of the Market
A spate of environmental laws exemplified by the European Union forbidding the use of di-octyl phthalate in polymers owing to demand economically sustainable chemical products. Green Polymer Additives are biodegradable additives, which enable the formation of green polymers and help mitigate environmental concerns.
The demand for substituting petroleum-based additives due to environmental concerns over growing plastic pollution, renewable nature, low toxicity and public acceptance of green polymers is another driver of the market. The development of renewable epoxidized soybean oil (ESO) technology based additives is creating a demand for green polymers in the market.
Enactment of regulations such as the registration, evaluation, authorization, and restriction of chemicals act (REACH) is another driver of the market. These regulations promote the use of eco-friendly chemicals and restrict harmful chemicals. Another regulation driving the market is Clean Air Act.
Technological And Product Development Strategies Is Expected To Yield High Dividends
Due to its attractive benefits such as renewable, and biodegradability, poly-lactide acid (PLA) is considered as a very promising ecological, bio-sourced and biodegradable plastic materials. Research is ongoing in biopolymer made of lignin, abundant natural material and a byproduct of the paper industry. Such developments are expected to possess the most massive market opportunity.
The high cost of bio-polymer additives and fluctuation in the price of stock materials is expected to dent the market
The high cost of biopolymer additives and fluctuations in stock materials is a restraint on the market. The concerns of food security need to be mitigated. However, the growing usage of eco-friendly packaging materials is expected to overcome the constraints.
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Regional Analysis:
North America dominates the global green polymer additive market share holding 40 % of the market share in 2016 owing mainly to consumers awareness and increasing appeal for green and eco-friendly packaging. The presence of significant players and technological advancements in Europe drives its second position of the global green polymer additive market after North America. The U.K, Germany, Belgium, and the Netherlands account for the most significant market share of the region.
Asia Pacific is expected to gain momentum in the field of green chemistry owing to ongoing R&D activities. Latin America success of producing green fuel such as bioethanol and biodiesel is expected to present it with a significant market opportunity. The Middle East & African market is supposed to be led by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
Segmentation:
To gain a broad picture of the global green polymer additives market share, the report is segmented by type, ingredient, application, and region.
Based on the type, the market is divided into plasticizers, stabilizers, fillers, flame retardants, antioxidants, and others.
Based on the applications, the market is segmented into packaging, automotive, biopolymer, injection molding, caps & closures, and others.
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Dominant Vendors:
The prominent players in the global green polymer additive market share are Solvay S.A. (Belgium), Evonik Industries AG (Germany), DuPont (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Myriant Corporation (U.S.), BASF SE (Germany), Lanxess A.G. (Germany), AkzoNobel N.V (Netherlands), PolyOne Corporation (U.S.), Emery Oleochemicals Group (Malaysia), and others
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Solar Panel Coatings Market Share Audit Reports, Trend Report, Demanding Growth, Business Opportunity Probability
The growing demand for a sustainable energy source in the commercial sector is likely to drive the growth of the global solar panel coatings market during the forecast period.
The preference for solar energy as an alternative to conventional energy sources for the generation of electricity has increased across the globe. Installation of solar panels is an economical and eco-friendly method to harness power. However, the harsh environmental conditions hamper the operational efficiency of the photovoltaic cells. To overcome this challenge, solar panel coatings are developed that possess functional features such as conductivity and wettability, which enhance the performance of solar panels. Solar Panel Coatings Market is projected to be worth USD 15.9 billion by 2030, registering a CAGR of 22.8% during the forecast period (2021 - 2030).
The global Solar Panel Coatings Market Share has been classified based on type and application segments.
The types of solar panel coatings analyzed under the scope of the report are anti-reflective, hydrophobic, self-cleaning, anti-soiling, anti-abrasion, and others. The anti-reflective solar panel coating segment account for the largest market share in 2021 owing to its excellent properties such as high light transmission, spectral stability, and high strength, thus improving the efficiency of solar cells. The hydrophobic segment is expected to register the highest CAGR during the forecast period owing its property to repel water-based contaminants from the surface of solar panels.
The application segments of the global solar panel coating market are residential, commercial, energy, agriculture, automobiles, and others. The commercial segment is expected to dominate the global market during the review period owing to the increasing preference for economical, renewable, and pollution-free energy sources. The residential segment is likely to be the fastest-growing segment in the coming years owing to the increasing solar panel installations to meet the high demand for electricity. For instance, according to the Solar Energy Industries Association (SEIA), the US installed 1.7 gigawatts (GW) of solar PV capacity in Q3 2018 to supply power to 11.3 million US homes. Furthermore, the increasing demand for building-integrated photovoltaics (BIPV) as a replacement of conventional building materials is further driving the demand for solar panel coatings in the commercial and residential buildings.
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Regional Analysis
The global solar panel coatings share have been analyzed across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market dominated the global market and is likely to register the highest CAGR in the coming years owing to growing industrialization in the region. China is projected to be the leading country-level market in the region owing to the surging demand for solar panel coatings in photovoltaics. India, Malaysia, and South Korea are other regional contributors to regional market growth.
North America accounted for a substantial market share in 2018 and is expected to register a significant CAGR during the forecast period owing to the rising constructional activities coupled with rising demand for clean and cheaper energy sources when compared with fossil fuels.
Europe is expected to register a considerable CAGR owing to increasing environmental concerns coupled with a radicle shift towards sustainable sources of energy.
Latin America and the Middle East & Africa are expected to show substantial growth during the forecast period owing to rising industrialization and various green initiatives undertaken to limit the carbon footprint.
Competitive Analysis
Unelko Corporation (US), Optitune Oy (Finland), Diamon-Fusion International, Inc (US), Element 119 (US), Arkema S.A . (France), FENZI S.p.A. (Italy), Nanotech Products Pty Ltd (Australia), DSM (The Netherlands), 3M (US), PPG Industries Inc (US), Sinovoltaics Group (China), ZSD (Egypt), Solar Sharc (UK), and Advanced Nanotech Lab (India).
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Polyethylene Terephthalate Market Share Size, Demand, Trending Keywords, Competitive Landscape, Business Opportunities and Forecast
Market Overview:
Polyethylene terephthalate Market trend are widely used in the end-use industries such as automobile, food & beverage, electrical & electronics, and others. The global Polyethylene Terephthalate Market Share is spanned across five regions of the world namely North America Latin America, Europe, and the Middle East & Africa and Asia Pacific. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the growing demand from the food & beverage, automobile and electronic industry. The major countries attributing to this growth are India and China. The developing retail sector coupled with the growing working population has augmented the demand for on the go food and beverages which is a major factor positively effecting the market growth.
North America is another dominant region which is mainly driven by the developed end-use industries. The growing export of food and beverages from the region has further fuelled the need for polyethylene terephthalate in packaging due to its high tensile strength and lightweight. Moreover, the growing adoption of PET in the automobile sector owing to its light weight and fuel efficiency is also expected to boost the market growth in this region. The U.S. and Canada are important countries attributing to this growth.
European market of Polyethylene Terephthalate Growth is set to grow at a steady pace during the forecast period. The presence of the developed electronic and automobile are the major factor driving the market growth. Furthermore, the growing working population has augmented the demand for on the food and beverage products in turn adding to the market growth. In addition to this, the ever-increasing health consciousness about the foodborne diseases has resulted in the high adoption of polyethylene terephthalate in the food and beverage industry of the region.
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Segmentation:
The global polyethylene terephthalate market share on the basis of product types and application. On the basis of product types, the market is segmented as carbonated soft drinks, energy drinks, bottled water sheets & films, food and non-food and others. On the basis of application industry, the global polyethylene terephthalate market is segregated into food & beverages, electronics, automotive, and others.
Competitive Analysis
Some of the prominent players operating in the Global polyethylene terephthalate market share are Alpek S.A.B de C.V (Mexico), RTP company (U.S.), BASF SE (Germany), The Dow Chemicals Company (U.S.), Jiangsu Sanfangxiang Group (China), Indorama Ventures Public Company Limited (Thailand), M&G Chemicals (Italy), NAN YA PLASTICS CORPORATION (Taiwan), Far Eastern New Century Corporation (Taiwan), and The Quadrant group of companies (Switzerland).
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Glycolic Acid Market Share Industry Trends, Value, Analysis and Forecast Report by Facts and Factors
Market Overview
Glycolic acid, also acknowledged as hydroxyacetic acid (C₂H₄O₃), can be defined as the smallest alpha-hydroxy acid (AHA), which is an odorless, colorless, and hygroscopic crystalline substance and is soluble in water. The Global Glycolic Acid Market Share is anticipated to register a CAGR of 11.56%, surpassing a valuation of USD 415,340.1 thousand during the forecast period (2021-2030), Market Research Future (MRFR) reveals in a detailed report.
Glycolic acids are extensively used as an ingredient in cosmetics and personal care products owing to its excellent penetrability properties into the skin. It is majorly used to treat acne, fine lines, dullness, blackheads, and oiliness of the skin. Glycolic acid is also used to treat melasma, psoriasis, and seborrheic keratosis. Such factors are estimated to encourage the market growth across the globe.
The extensive use of glycolic acid share in the oil & gas industry is considered a primary growth stimulant for the market. It is widely used in the oil & gas industry, majorly in the rehabilitation, acidizing, and finishing procedures. It offers acidification properties, which decomposes the viscosity and carbonates, thereby improving the chemicals. It also helps in removing toxic and harmful deposits and also reduces corrosion owing to its attributes like low toxicity, low odor, non-flammability, and low vapor pressure. Such factors will contribute to the market’s growth in the review.
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Global Glycolic Acid Market: Segmental Analysis
The Glycolic Acid Market share has been segmented on the basis of source, purity level, grade, and application.
By source, the glycol acid market is segmented into synthetic and natural. Of these, the synthetic segment is likely to gain prominence due to its low-cost and easy production process.
By purity level, the market comprises 30% purity, 60% purity, 70% purity, 99% purity, and others. Of these, the 70% grade glycolic acid is on the rise due to its extensive use in personal care and cosmetics products, industrial, technical, as well as in medical grade.
By grade, the market is segmented into industrial grade, cosmetic grade, technical grade, and medical. Of these, the cosmetic grade is considered to surpass a valuation of USD 205,202.7 thousand by the end of 2023. The soaring demand for cosmetics and personal care items owing to its affordability is likely to encourage the market growth in the region.
By application, the market comprises household cleaners, skincare and facial rejuvenation, medical, industrial cleaners, oil field and petroleum refining, electropolishing, textile dyeing & finishing, and others. Of these, the skincare & facial rejuvenation segment is likely to register a CAGR of 11% owing to the surging demand for several anti-aging and cosmetics across the globe.
Regional Frontiers
Geographically, the glycolic acid market share spans across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific acquired the largest market share in 2017. The regional market is predicted to register a CAGR of 12% in the foreseeable future. The growing industrial base has resulted in greater demand for industrial cleaning agent for cleaning equipment in industries like food, transportation, paper, and others. This is likely to spur the market growth in the APAC. The soaring demand for glycolic acid in furnishing and textile dying will further promote the market growth in the coming years.
The glycol acid market in the Middle East & African regions will emerge as the fastest developing regional markets and register a CAGR of 11% in the foreseeable future. The growth can be attributed to the soaring demand for glycolic acid across applications like oil & gas. Moreover, the presence of large oil & gas reserves in the region is likely to promote the market growth during the review period.
Competitive Dashboard
The top players operating in the global glycolic acid market overview include Phibro Animal Health Corporation (US), The Chemours Company (US), CABB Group GmbH (Germany), CrossChem LP (US), Mehul Dye Chem Industries (India), Merck KGaA (Germany), Saanvi Corp (India), Siddharth Chlorochem (India), Zhonglan Industry Co., Ltd (China), and Tokyo Chemical Industry Co., Ltd (Japan).
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Protective Fabrics Market Share Rising Trends, Demand and Growing Business Opportunities 2027
Market Synopsis
The global protective fabrics Market Share is projected to register healthy growth during the forecast period, 2021–2030. The market was valued at USD 4,197.50 million in 2020 and is projected to register a CAGR of 7.33% to reach USD 8,283.07 million by the end of 2030.
Fabrics are designed as per the requirement of several end use industries. It offers several excellent properties, including abrasion resistance, lightweight, chemical resistance, breathability, UV resistance, and fire and heat resistance. It is primarily used in the production of protective clothing such as pants, shirts, coveralls, and protective suits.The progressive adoption of various industrial safety norms and regulations is anticipated to drive the demand for various types of personal protective equipment and protective clothing articles made up of protective fabrics such as coveralls, flame-resistant suits, protective gloves, and shoes.
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Competitive Landscape
The global protective fabrics market share is characterized by the presence of many global, regional, and local players. The market is highly competitive, with all the players competing to gain maximum market share. High demand in the oil & gas and petrochemical industry and several advantages offered by protective fabrics are the key factors influencing global market growth. The vendors compete based on cost, brand identity, product quality, and availability and reliability of the products. It is crucial for vendors to provide cost-effective and high-quality products that adhere to the requirements of the end-use to compete in the market. To establish their market position, the key players are expanding their production bases.
Key players in the global protective fabrics market share include 3M (US), DuPont (US), Lakeland Inc (US), Glen Raven Inc.(US), Milliken & Company (US), Klopman International (Italy), Concordia Textiles (Belgium), W. L. Gore & Associates GmbH (US), TenCate Protective Fabrics (The Netherlands), TEIJIN LIMITED (Japan), Carrington Textiles Ltd.(UK), Daletec (Norway), Marina Textil (Spain), Sarena (Pakistan), PBI Performance Products, Inc.(US), and Cetriko(Spain).
Segmentation
By Material
Aramid: Aramids are used in commercial applications by synthesizing polyamides. These aramids consist of two types, para-aramids and meta-aramids. Para-aramids were initially designed for war purposes, as they can be used for high-tech applications in aerospace and the military. The other type of aramids, called meta-aramids, are well-known for their excellent heat and flame-resistant properties. They are used in firefighter clothing and protective clothing in the industrial sector.
Polyolefin: Polyolefins are the most widely used commodity among the thermoplastic family. Polyolefins are a subset of polymer blends that emerged to meet the application requirements which are not satisfied by neat, synthesized polyolefins. Compared to the other subsets of polymer blends, polyolefin blends have distinct advantages: lower cost, lower density, easy processing, and a good combination of mechanical, chemical, and physical properties.
Polyamide: Polyimide fibers are a class of heat-resistant and strong synthetic fibers of orange to yellow color. They are prepared by a two-step process from aromatic diamines and aromatic tetracarboxylic dianhydrides. These fibers are often the best choice for very demanding applications where very high temperature, corrosion, wear, and creep resistance are required. Polyimide fibers can be produced by dry-spinning polyamic acid solution.
Cotton: The cotton fibers are used for delicate protection and air purification. These fibers are mostly used in the medical industry, where they are used to make medical masks, respirators, gloves, gowns, and eye protectors. The respiratory protective equipment such as surgical masks, dental masks, and respirators had major traction from the late 2019s due to the COVID-19 virus. The pandemic situation has seen the market for cotton fibers rising as they are used as a reliable method of deterring airborne pathogenic microorganisms.
Polybenzimidazole (pbi): Polybenzimidazole (PBI) based outer shell fabrics are used in firefighter jackets and pants. PBI exhibits a very high decomposition temperature and excellent chemical stability, making it suitable for high-performance protective apparel such as firefighter's gear, astronaut spacesuits, high-temperature protective gloves, and welders' apparel.
Polyesters: The influences of reinforcement and resin properties on the physical properties of the laminated composites and their resistance to puncture load and UV transmittance are the major factors for the use of polyester. These composites are the material of choice for lightweight structures due to their excellent strength and stiffness properties. They are used in protective fabrics as resistance toward weather hazards, high shocking/impacting, flame retardant, or toxic chemicals.
Others: Polyphenylene sulfide fibers (PPS), polyetheretherketone fibers (PEEK), novoloid (cured phenol-aldehyde) fibers, phenolic fibers, polyvinylidene chloride fibers, polyacrylate fiber, semi-carbon fabrics, and modacrylic are included in the others segment.
By Type
Ballistic & Mechanical Resistant: Ballistic protective fabrics offer ballistic protection with an outstanding cost-performance ratio. The key application of ballistic and mechanical resistant fabrics includes helmets, bullet or fragment, or stab or spike resistant vests. Ballistic and mechanical resistant fabrics enhance fabric tenacity and offer high protection to economy ratio for various up armoring projects.
Thermal, Fire- and Heat-Resistant Fabrics: Thermal protective fabrics are designed to protect against hazardous thermal environments. Combining textile layers and the air gap between them prevents the transfer of thermal energy to the skin. Thermal protective fabrics used in protective clothing are usually manufactured through the cut-and-sew process.
Chemical-Resistant Fabrics: The protective fabrics shield an individual from chemical, biological, and physical hazards. The chemical protective clothing used in industries requires protecting the workers from particulate contamination, hazardous liquids, toxic gases, and fumes. Usually, this type of clothing is made by a film or coating combined with a substrate protective fabric.
UV-Resistant Fabrics: The ultraviolet (UV) resistant fabrics are designed to withstand high UV rays, which approximately account for 10% of the sunlight. The UV-resistant fabrics are used in industries to protect their workers from UV rays for an indefinite amount of time.
Others: The others segment includes flame-resistant fabrics, radiation protective fabrics, electrical protective fabrics, and others.
By End Use Industry
Building & construction: The building & construction industry has the highest number of fatal injury accidents every year. Even after thorough risk assessments and implementing adequate controls into a work environment, workers are still subject to health and safety risks from hazards. Protective fabrics help to protect employees from health and safety risks, which they may encounter at work, including injuries to the lungs, head, eyes, ears, and skin.
Oil & gas: Workers in the oil & gas industry face various hazards such as flash fire, slick and oily surfaces, sharp edges, punctures, heat contact, uncontrolled pressure release, and exposure to hazardous chemicals, dust, and solvents. Oil and gas products could be irritating, corrosive, and flammable. To help prevent the workers from meeting these hazards, employers will provide them with protective clothing produced from protective fabrics.
Healthcare: Protective fabrics in the healthcare sector create a barrier between the individual and germs. The barrier reduces the chances of touching, being exposed to, and spreading of germs. The protective fabrics can block the transmission of contaminants from blood, body fluids, or respiratory secretions.
Law enforcement & military: The challenges facing law enforcement officers vary greatly depending on the exposure to hazardous materials. Law enforcers decontamination squads and emergency response teams require lightweight decontamination suits or coveralls with very high protection performance against a range of chemical agents. They are required to protect the individual against chemical agents in liquid, vapor, and aerosol forms.
Others: The others segment includes automotive, chemical, mining, firefighting, etc.
By Region
North America: In North America, The US is the leading country in the region owing to the increasing consumption of cotton fabric in T-shirts and outdoor clothing. Also, it is one of the major markets of for textile raw materials.
Europe: Europe is primarily driven by the strong demand for protective fabrics for flame, fire and heat resistance, and thermal applications. Germany accounted for the largest share in Europe in 2020 and was followed by France.
Asia Pacific: The Asia-Pacific market held the largest market share. This is largely attributed to the high demand for apparel and sportswear clothing in the region. Also, the easy availability of raw material, low labor costs, and growing concern for health fitness is further expected to augment the overall market growth.
Latin America: The Latin American market is divided into Brazil, Peru, and Argentina are the major contributors in the region.
Middle East & Africa: In Middle East & Africa UAE is the leading country in the region followed by Turkey and Egypt.
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Bromine Derivatives Market Size Demand Growth, Analysis, Overview, Report Analysis, Research, Trend Keywords
Market Synopsis
The Global Bromine Derivatives Market size is expected to register a CAGR of 4.41% during the review period. Bromine is found in high concentration in seawater, salt lakes, and underground brines. Bromine derivatives find use in numerous applications such as electronics, construction, chemicals, water treatment, and oil gas, among others. The global demand for bromine derivatives is primarily driven by widespread use as a flame retardant in numerous electronics products and construction applications. The use of bromine-based products has increased in controlling mercury emissions from coal-fired power plants and industrial boilers.
Market Segmentation
The global Bromine Derivatives Market Size has been segmented by product type, application, end-use industry, and region.
On the basis of product type, the global market has been classified into calcium bromide, sodium bromide, zinc bromide, hydrogen bromide, decabromodiphenyl ethane (DBDPE), tetrabromobisphenol A (TBBPA), and others. Zinc and calcium bromides are widely used in the production of non-damaging fluid with densities ranging from 15.1 lb/gal to 19.2 lb/gal and 11.7 lb/gal to 15.1 lb/gal, respectively. Both zinc bromide and calcium bromide possess thermal and chemical stability and can also be blended with other solutions containing bromides and chloride. Sodium bromide is used in numerous applications including oilfield, water treatment, pulp paper, and pharmaceuticals. Decabromodiphenyl ethane (DBDPE) and Tetrabromobisphenol A (TBBPA) are used as bromine flame retardants in the electrical electronics and construction industries.
Based on application, the global market has been divided into flame retardants, organic intermediate, oil gas drilling, biocides, PTA synthesis, and others. The flame retardants segment accounted for the largest share of the global bromine derivatives market in 2018 owing to increasing use in various electronic products and construction applications. However, rising concern about the use of flame retardants on human health and environment is likely to affect the growth of the global bromine derivatives market. Bromine compounds are being widely used as organic intermediates in producing other chemicals. The oil and gas drilling segment is expected to register significant growth during the review period on account of the increase in oil and gas exploration activities in the developing countries. Bromine compounds are also being used in agrochemicals to prevent crop damage and in the transportation industry as specialty rubber for tire manufacturing to improve tire strength and resistance to leakage.
Based on end-use industry, the global market has been divided into electrical electronics, construction, oil gas, chemicals, pharmaceuticals, wastewater treatment, and others. Electrical electronics, construction, and chemicals are the major revenue generating segments of the global bromine derivatives market. However, the oil and gas segment is likely to witness significant growth in the coming years on account of the growing preference for hydraulic fracturing technique for shale oil and gas extraction.
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Competitive Analysis
Some of the key players operating in the global Bromine Derivatives market size are Albemarle Corporation (US), Tosoh Corporation (Japan), PACIFIC ORGANICS PVT Ltd (India), BEACON ORGANOSYS (India), Honeywell International Inc. (US), APK (India), LANXESS (Germany), TETRA Technologies, Inc. (US), ICL (Israel), and Neogen Chemical Limited (India).
Regional Analysis
Based on region, the global bromine derivatives market size has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. The market in Asia-Pacific accounted for the largest share of the global bromine derivatives market and is expected to register continuous growth during the review period on account of the growth of the major end-use industries such as electrical electronics, construction, chemicals, and oil gas.
Europe is also expected to be a prominent market on account of the expanding water treatment industry in the region with increasing regulations for treating wastewater to meet the rising water scarcity in the region.
The market in North America is likely to witness healthy growth on account of the presence of established oil and gas industry coupled with an increase in shale oil and gas exploration using hydraulic fracturing technique, which is likely to fuel the demand for oilfield chemicals and thus, bromine derivatives.
The markets in Latin America and the Middle East and Africa are likely to register healthy CAGRs on account of the growth of the major end-use industries.
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Base Metals Mining Market Size Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors
Market Overview
Base Metals Mining Market size is projected to be worth USD 459.35billion by 2030, registering a CAGR of 5.8% during the forecast period (2021 - 2030).
Base metals are extensively used in the manufacturing of electronic products such as computing devices, home appliances, and communication devices. One of the base metals, copper, has superior thermal conductivity, owing to which it finds wide applications in electric wires and components. Nickel is an ideal application for electronic appliances and battery materials. Thus, the rise in the electronics industry is expected to drive the demand for base metals mining during the forecast period. According to the German Electrical and Electronic Manufacturers' Association (ZVEI), the global electronic and electrical industry was valued at USD 4,499.22 billion in 2021. Asia-Pacific is the leading producers of electronic products, in 2021 the production was valued at USD 3,316.35 billion. Europe was the second-largest producer of electronic products accounting for USD 622.45 billion in 2021. Furthermore, consumer electronic products were valued at USD 249.32 billion, and household appliances were valued at USD 265.56 billion of the global electrical and electronics market. Thus, the rising demand for electronic products such as smartphone and smart gadgets coupled with innovation in IOT technology, the growth of the global Base Metals Mining Market Size is likely to propel in the coming years.
Market Segmentation
The global base metals mining market size has been segregated on the basis of metals type, application, and region. By metals type, the global base metals mining market has been categorized into copper, nickel, zinc, aluminum, lead, and others. The aluminum segment held significant market share in 2021 and is expected to be the leading segment during the forecast period owing to the increasing application in the electrical and electronics and construction industries.
On the basis of application, the global base metals mining market share has been divided into electrical and electronics, construction, automotive, medical, and others. The construction is expected to be the leading segment in the global market during the review period. The recent automation and robotic trends are increasing the application of metals sensors in machines to access invaluable operation data and enhance production efficiency thereby reducing potential breakdown. This shifting trend towards usage of convenient electronic devices is expected to propel the growth of the electrical and electronics segment.
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Regional Analysis
Asia-Pacific is expected to contribute the largest share in the global base metals mining market due to favorable government policies in the construction industry such as high foreign direct investment (FDI) in China and India. The European and the North American markets are projected to register healthy CAGRs owing to the high demand for base metals in the automotive industry. The increasing sale of automobiles and innovation in the automotive industry are factors expected to augment the growth of the base metals mining market in the regions.
Competitive Analysis
The leading players in the global base metals mining market share are CODELCO (Chile), BHP Billiton Limited (Australia), Antofagasta PLC (UK), Alcoa Corporation (US), Vedanta Resources Plc. (India), Freeport-McMoRan (US), Rio Tinto (UK), Norilsk Nickel (Russia), Vale S.A (Brazil), Anglo American Plc (UK), Glencore (Switzerland), Southern Copper Corporation (US), First Quantum Minerals Ltd. (Canada), and United States Steel Corporation (US).
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Prestressed Concrete Market Size Expected To Grow With CAGR, Industry Share, Growth Rate
Overview
The Global Prestressed Concrete Market Size is projected to be worth USD 176 Billion by 2030, registering a CAGR of 6.5% during the forecast period (2021 - 2030). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Prestressed concrete is a form of concrete used in construction. It is durable, reliable, and strong. Prestressed concrete helps construct crack-free structural elements and tackle shrinkage and temperature effects. It is widely used in applications such as poles and beams, pipes, tanks, hardstands and pavements, and others. Prestressed concrete is used in various end-use industries such as construction and infrastructure, manufacturing, railroad, oil gas, and others.
Competitive Analysis
Prominent players profiled in the global prestressed concrete market Size are Skanska (Sweden), HeidelbergCement (Germany), LT Construction (India), and Taiheiyo Cement Corporation (Japan). Coreslab Structures (US), Coltman Precast Concrete Limited (UK), Tindall Corporation (US), Molin Concrete Products Company (US), American Concrete Products (US), The Prestressed Group (Canada) are some of the other key players operating in the global prestressed concrete market. Mergers, acquisitions, and collaborations are some of the strategies that these companies have adopted to stay ahead of the rest.
For instance, in June 2019, HeidelbergCement France acquired Cemex’s center region aggregates and ready-mixed concrete businesses in France to strengthen its vertically integrated market position in France. This acquisition includes seven aggregate quarries and 28 ready-mixed concrete plants.
Similarly, in August 2019, Skanska has merged its Polish and Czech/Slovak construction operations into one business unit, Skanska Central Europe, to create a unified approach to cooperation and leverage the scale of the new business unit.
Segmental Analysis
The Global Prestressed Concrete Market size is segmented based on manufacturing process, concrete wires, product, application, and end-use industry.
Based on the manufacturing process, the post-tensioning segment is expected to dominate the market as it is mostly used in constructing structural beams and poles, bridge deck panels, and roof slabs, among others.
Based on concrete wires, the above 7 wires segment is expected to dominate the market as it is widely used in the construction of bridges, high-rise buildings, and structural beams, among others.
On the basis of product, the uncoated PC strand segment is expected to dominate the market owing to its cost-effectiveness and broad applications in tunnels, construction buildings, and railways in the product segment.
On the basis of application, the poles beams segment is expected to dominate the market owing to its wide application in the construction of railways and bridges.
Based on end-use industry, the construction infrastructure segment is expected to dominate the market as it is a continually evolving industry due to technological advancements and a stronger focus on sustainability.
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Regional Analysis
Geographic analysis of the global prestressed concrete market size spans across North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
In 2018, Asia-Pacific was the leading market with a market valuation of USD 9,491.9 million. The regional market value is expected to reach USD 14,527.3 Million by 2025, with an impressive 6.37% CAGR during the forecast period. Asia-Pacific is also the fastest-growing region in the prestressed concrete market, with China, Japan, India, and Australia being the major markets. The growth of the infrastructure and construction industries and the improvement in the financial conditions in this region have led to the growth of the construction industry and, consequently, the prestressed concrete market. Moreover, the rapid industrialization and urbanization in emerging economies, such as China and India, are also boosting the growth of the prestressed concrete market in the region.
In 2018, Europe held the second-largest market share in the prestressed concrete market. According to the European Commission, the construction industry is one of the key industries in the region’s economy. According to European Builders Confederation, with three million enterprises and a total direct workforce of 18 million people, the construction industry in Europe contributes approximately 9% to the total GDP of the EU. The growing construction industry is anticipated to raise the demand for prestressed concrete in the region. In 2018, the regional market was valued at USD 4,338.2 million, which is expected to reach USD 6,026.8 Million by 2025 with a 4.91% CAGR during the forecast period.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Silicone Market Size Market size and growth opportunities, growth, analysis, research trend
Market Segmentation
The global silicone market size has been segmented by type, application, end-use industry and region.
Based on types, the market has been divided into silicone elastomers, silicone gels, silicone fluids, silicone resins, and others. Silicone elastomers are sub-divided into high temperature vulcanized (HTV), liquid silicone rubber (LSR), and room temperature vulcanized (RTV). The silicone fluids segment is further divided into straight silicone and modified silicone. The elastomers segment is expected to account for over one-third of the global silicones market revenue, whereas, the silicone fluids segment is expected to grow at a highest CAGR during the forecast period. The demand for elastomers can be mainly attributed towards rise in investments in construction and increasing automobile production.
Based on applications, the market has been divided into adhesives, sealants, coatings, engineered products, cosmetics, lubricants and others. Engineered products accounted the largest market share in the global silicone market, which is followed by adhesives. Demand for silicone-based construction chemicals and materials is driving the demand in the latter applications.
Based on end-use industry, the construction industry accounted for the largest value share in 2021, the segment is expected to maintain its dominance throughout the forecast period. The increasing use of silicone rubber compounds for waterproofing, flame resistance, and airtight gaskets in the building and construction industry is expected to have a positive impact on market growth during the forecast period. Moreover, silicone-based sealants, on account of their oil and weather resistance are used for window sashes and metals, concrete joints in public work projects, and plumbing penetration seals. Hence, the construction boom in the US, Asia-Pacific, Middle East & Africa is expected to offer plethora of opportunities during the forecast period.
Regional Analysis
Based on region, the global Silicone Market Size has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest value share of the global silicone market on account of increased spending on the growing infrastructural development coupled with presence of prominent manufacturers in the region.
North America is another prominent market in the global silicone market on account of increasing use of silicone products in automotive and construction activities.
The market in Europe is expected to witness moderate growth owing to the demand from automotive industry.
The market in Latin America and the Middle East and Africa are likely to grow at a healthy CAGR on account of increased spending on residential and commercial construction.
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Competitive Analysis
Some of the key players in the global silicone market size are DowDupont (US), BASF SE (Germany), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Elkem ASA (Norway), Evonik (Germany), Momentive Performance Materials Inc. (US), KCC CORPORATION (South Korea), Zhejiang Xin'an Chemical Group Co., Ltd. (China), MESGO S.p.A. (Italy), and GELEST, INC. (US)
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Steel Fiber Market Size Applications, regions, and demand with detailed competitor analysis
Market Overview
The manufactured fibers which mainly composed of steel, metal-coated plastic, plastic-coated steel, or a steel core. The steel fibers are generally produced from the steel alone or in combination with other substances. The filaments below 100 µm in diameter are considered as fibers. The product exhibits substantial physical and electrical properties such as high corrosion and thermal resistance good electric and heat conductivity, and excellent Electromagnetic Interference (EMI) shielding capabilities. These types of metal fibers are widely used throughout various consumer and industrial applications such as construction, transportation, and mining.
Based on type, the global Steel Fiber Market Size has been segmented into hooked steel fiber, straight steel fiber, deformed steel fiber, and crimped steel fiber. The hooked steel fiber held the largest share of this market owing high demand for the product in the concrete reinforcement for building bridges, hydraulic structures, high pavements, and explosion resistance structures.
By application, the market is categorized into concrete reinforcement, composite reinforcement, and refractories. Among these applications, the concrete reinforcement segment accounted for the largest market share in 2021. This mainly attributed to the substantially high demand for the product in reducing the negative impacts of brittleness of a concrete and in turn increase the overall strength of the structure. Owing to the high thermal stability of the steel fibers, it has significantly used in manufacturing refractories.
On the basis of end-use, the global steel fiber market share has been categorized into buildings construction, transportation, mining and tunneling, flooring and pavement, and others. The buildings and construction industry is the largest consumer of steel fibers owing to various structural and functional benefits such as high strength, resistance to shock and vibrations, shielding against EMI and RFI.
Market Segmentation
The global Steel Fiber market size report has been segmented on the basis of type, application, end-use, and region.
Based on type, the global steel fiber market has been segregated into hooked steel fiber, straight steel fiber, deformed steel fiber, and crimped steel fiber.
By application, the market has been categorized into concrete reinforcement, composite reinforcement, and refractories.
On the basis of end-use, the market has been divided into buildings construction, transportation, mining and tunneling, flooring and pavement, and others.
The global steel fiber market analysis has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa.
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The global steel fiber market size has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the rising product demand in the building construction, transportation and electrical industries. North America is expected to witness significant growth during the forest period. This is mainly due to the growing demand for the product in the reconstruction activities.
Competitive Analysis
The leading players in the global steel fiber market overview are Fibrometals (Romania), Bekaert (Belgium), Nippon Seisen Co., Ltd. (Japan), Green Steel Group (Italy), Ugitech S.A. (France), IntraMicron, Inc. (US), Ribbon Technology Corporation (US), HuNan HuiTong Advanced Materials CO., LTD. (China), R. STAT SAS (France), and Fibercon International Inc. (US), among others.
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Polyvinyl Alcohol Fiber Market Size Future Demand, Business Strategies, Industry Growth, Regional Outlook
Overview
Polyvinyl alcohol (PVA) fibers are used in many sectors, especially in the construction sector. A new report on the global polyvinyl alcohol fiber market, published by Market Research Future (MRFR), predicts that this market could figure a proliferation at 3.39% CAGR between 2021 and 2030. In terms of value, the market can be worth USD 409.14 Mn by the end of the forecast period.
The biggest market drivers for the global Polyvinyl Alcohol Fiber Market Size growth include the widespread industrial application of PVA fiber in various sectors and subsequent increase in capacity. Other factors for market growth include the growth of the global construction sector and the global textile sector. In the emerging economies, construction of architecture and infrastructure development are inviting more investments into the polyvinyl alcohol fiber market. Increasing industrialization and urbanization play an important role in the growth of the construction sector. PVC is extensively used for making fiber cement boards, pipes, and tiles. PVC is also used for advanced road construction, airport runways, bridges, and tunnels. However, rising prices of raw materials can impede market growth.
Market Segmentation
The global polyvinyl alcohol fiber market size segmentation encompasses application and types. MRFR’s take on the market explores various facets of the market in-depth.
The application-based segmentation of this market covers construction, filter non-woven, paper, ropes fishing nets, textile apparel, and others. During the forecast period, the construction segment is likely to hold the lion's share in the market. Polyvinyl alcohol fiber is heavily used in the construction sector due to its molecular bond with concrete and mortar. Hence, the growth of construction sector can create further opportunities for the global polyvinyl alcohol fiber market.
By type, the market has been segmented into high strength modulus and water-soluble. During the forecast period, the high strength modulus segment can hold the major market share, reaching the market worth of USD 248.34 Mn. On the other hand, the water-soluble segment has been projected to thrive at 2.68% CAGR at this time.
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Regional Segmentation
A geographical outlining of the global polyvinyl alcohol fiber market size covers Asia Pacific, Europe, North America, Latin America, and the Middle East Africa (MEA).
In the Asia Pacific region, economic growth can resonate significant opportunities for market growth, making it the largest regional market. Rapid developments in the industrial sector and construction sector are leading to market growth. Most of the important market players in the global market are based in China. Other important country-specific markets in this region are Cambodia, India, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
Europe has been prognosticated to hold the second-highest position in the global market with the market value of USD 88.76 Mn by the end of the forecast period. The cream of the market revenue in Europe comes from Belgium, France, Germany, Italy, Russia, Spain, and the UK.
Led by the USA, the market in North America is expected to rise at 2.94% CAGR during the forecast period. Canada is the second revenue contributor to the North American market. Key market players in this region are based in the USA.
During the forecast period, the market growth in Latin America and MEA region is expected to be faster than that of Europe and North America. In Latin America, maximum revenue comes from Argentina, Brazil, and Mexico. In the MEA region, the biggest country-specific markets are Iran, Saudi Arabia, UAE, and North Africa.
Key Players
Prominent players in the global polyvinyl alcohol fiber market include Anhui Wanwei Group Co. Ltd. (China), Bouling Chemical Co. Limited (China), Hunan Xiangwei Co. Ltd. (China), Kuraray Co. Ltd. (Japan), Inner Mongolia Shuangxin Environment-Friendly Material Co. Ltd. (China), MiniFIBERS Inc. (USA), New York Council of Nonprofits Inc. (NYCON) (USA), Ningxia Dadi Circular Development Corp. Ltd. (China), Sinopec Sichuan Vinylon Works (China), and Unitika Ltd. (Japan).
Latest Industry News
Sekisui Specialty Chemicals is set to increase the global price of Selvol® Polyvinyl Alcohol, Selvol Premiol®, Selvol Ultiloc®, Selvol Ultalux®, and up to $110/mT or €110/mT. 1 APR 2019. The company is taking this step to meet the rising raw material prices.
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