Thursday, March 31, 2022

Metallized Film Market worth $3.3 billion by 2026

The report "Metallized Film Market by Material Type (PP and PET), Metal (Aluminum), End-use Industry (Packaging, Decorative), And Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2026", is projected to grow from USD 2.4 billion in 2020 to USD 3.3 billion by 2026, at a CAGR of 5.3% between 2021 and 2026.

Metallized films are available in flexible form and used in a wide range of end-use industries, including food & beverage, pharmaceutical & medical, cosmetics, agriculture, and industrial. The variety of applications and the high demand in emerging economies are expected to drive the metallized film market. Rising consumer demand for processed and packaged food items and shifting preference for aesthetically appealing products are fueling the demand for flexible packaging, which, in turn, is driving the market for metallized films.

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Packaging: Largest end-use industry of metallized film market

The packaging industry in the biggest consumer of metallized films. The segment is expected to continue dominating the overall metallized film market owing to the rising need for food products. Increasing demand for flexible packaging offers opportunities for the metallized film market in the food & beverage packaging industry. Owing to busy and hectic lifestyles, consumers opt for convenient mealtime solutions. This puts ready-to-eat meals in flexible packaging formats in a good position to take advantage of the current social and economic trend. Flexible packaging is the most cost-effective method to package, preserve, and distribute food, beverages, pharmaceuticals, and other products that need extended shelf life. These factors are expected to drive the demand for metallized films in the packaging industry.

Aluminum Metallized Film: Largest segment of metallized film market

Based on metal, the aluminum segment accounted for the largest share of the overall metallized film market.  Aluminum metallized films offer excellent barrier performance against water vapor & gases, good metal bond strength, glossy appearance, good lamination bond strength, and good thermal & mechanical properties. These films are used in the packaging of snacks, frozen food, sweets and pastries, frozen desserts, coffee, and so on. The food packaging industry is growing due to the high demand from the growing middle-class population in developing countries.

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High demand from APAC: Major driver for metallized film market

APAC is expected to be the largest and fastest-growing market for metallized films, in terms of value and volume, during the forecast period. This high growth is due to the increasing demand from industries such as packaging and decorative. Economic development in India and China, along with the expansion of food & beverages and pharmaceutical industries, is a major factor driving the demand for metallized films in the APAC region. The major factors behind APAC’s high market share are high demand for lightweight, consumer-friendly, and easy-to-handle products. Growing focus on sustainability, increased need for extended shelf life, rising standards of hygiene, and consumer focus on ease of use are the key drivers of the metallized film market in the region.

Key players profiled in the metallized film market report include Cosmo Films Ltd. (India), Jindal Poly Films Ltd. (India), Polinas (Turkey), and Toray Industries Inc. (Japan).

Metallized Film Market, metalized polyester film, metalized polyethylene film, Metallized Film



Friday, March 25, 2022

Cellulose Ether & Derivatives Market worth $8.7 billion by 2026

The report "Cellulose Ether & Derivatives Market by Product Type (Methyl Cellulose & Derivatives, Carboxymethyl Cellulose, HEC, HPC, EC), Application (Construction, Pharmaceutical, Personal Care, Food & Beverage), and Region - Global Forecast to 2026", The cellulose ether & derivatives market size is projected to reach USD 8.7 billion by 2026, at a CAGR of 9.4%, during the forecast period. The cellulose ether & its derivatives are used in a number of applications in pharmaceutical, personal care, food, construction, oil & gas, and other end-use industries, which helps the market to grow rapidly. In addition to this, the growing demand in for cellulose ether & derivatives in various end-use industries from emerging economies such as China, and India is also propelling the growth of the market.

However, the outbreak of COVID-19 has created ripples in various end-use industries, leading to reduced demand for cellulose ether & derivatives. Due to the lockdown scenario in Europe and North America, the demand for cellulose ether & derivatives from construction, personal care, food & beverage, and paints & coatings have declined sharply in the first quarter of 2020.

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Methyl cellulose ether & derivatives product type to have the largest market share in the cellulose ether & derivatives market during the forecast period.

Cellulose ether & derivatives is the major product types of cellulose ether & derivatives. Methyl cellulose (or methylcellulose) is a chemical compound that is derived from cellulose. It is a hydrophilic white powder in pure form. It dissolves in cold (but not in hot) water, forming a clear, viscous solution or gel. Methyl cellulose is not digestible, not toxic, and not an allergen, making it suitable for use in the food and pharmaceutical industries. It helps in controlling several crucial properties of a formulation, such as a rheology, dispersion, water demand, and water retention. It has many practical benefits, including high consistency and workability with low stickiness, high standing strength, and high yield. The methyl cellulose & derivatives market consists of methyl cellulose, hydroxypropyl methyl cellulose, and hydroxyethyl methyl cellulose. The methyl cellulose & derivatives segment has a major share in the global cellulose ethers & derivatives market, owing to its wide acceptability in end-use industries such as construction, pharmaceutical, food & beverage, personal care, etc.

The construction application of methyl cellulose & derivatives segment is expected to account for the largest share in the cellulose ether & derivatives market during the forecast period, in terms of value.

Construction is the major application for the methyl cellulose & derivatives product type in the celliulose ether & derivatives market. Cellulose ethers are the premium choice of the construction industry due to the increasing consciousness regarding green chemicals. On other hand, with the advancement of living standards in society and the enhanced awareness of the living environment, health, and safety, naturally derived cellulose ethers have become the first choice to replace the conventional chemicals in the industry. Cellulose ether & derivatives have many functions, which includes their use as a thickener, binder, film former, redispersible powder, air entrainer, hydrophobic agent, preservative, retarder/accelerator, rheology/viscosity in various applications of the construction industry.

The growth of the construction industry, especially in emerging economies such as China and India owing to continuing increasing disposable income levels, and, consequently, an increasing population which has led to increase in the number of construction projects, is also expected to drive the cellulose ether & derivatives market.

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APAC region to account for the largest market share in the cellulose ether & derivatives market during the forecast period.

APAC was the largest cellulose ether & derivatives market, in terms of value, in 2020. The increasing use of cellulose ether & derivatives in applications such as construction, pharmaceutical, paints & coatings, personal care, food & beverage, and others is expected to provide new growth opportunities to the market. Furthermore, high economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and the global shift of production facilities from developed markets to developing markets are some of the key factors driving the cellulose ether & derivatives market in Asia Pacific.

The key players in the market include The Dow Chemical Company (US), Shin-Etsu Chemical Co., Ltd (Japan), Ashland Global Holdings, Inc (US),  LOTTE Fine Chemicals (South Korea), Rayonier Advanced Materials Inc. (US), Shandong Head Co., Ltd (China), Nouryon Chemical Holdings B.V (Netherlands), Colorcon (US), J.M. Huber Corporation (US), J. RETTENMAIER SOHNE GmbH + Co KG (Germany), FENCHEM (China), Hebei Jiahua Cellulose Co., Ltd. (China), DKS Co. Ltd (Japan), Lamberti S.p.A (US), Zibo Hailan Chemical Co., Ltd (China). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the cellulose ether & derivatives market.

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Cellulose Ethers Market, Cellulose Methyl Market, Cellulose Ethyl Market, Cellulose Hydroxyethyl Market, Cellulose Hydroxypropyl Market & Cellulose Carboxymethyl Market



Friday, March 4, 2022

Tow Prepreg Market worth $440 million by 2026

The report "Tow Prepreg Market by Resin Type (Epoxy, Phenolic), Fiber Type (Carbon, Glass), Application (Pressure Vessels, Scuba Tanks, Oxygen Cylinders), End-Use Industry, and Region (North America, Europe, APAC, MEA, & Latin America) - Global Forecast to 2026", is expected to grow from USD 250 million in 2021 to USD 440 million by 2026, at a CAGR of 12.0% during the forecast period.

Owing to superior properties offered by tow prepregs such as excellent mechanical properties and advantages over wet winding process,  the tow prepreg market is expected to witness significant growth during the forecast period. In addition to this, the growing demand in automotive and aerospace industries is also propelling the growth of the market.

However, the outbreak of COVID-19 has created ripples in various end-use industries, leading to reduced demand for tow prepreg. Due to the lockdown scenario in Europe and North America, the demand for tow prepreg from end-use industries such as aerospace & defense, automotive & transportation, oil & gas, and others have declined sharply in the first quarter of 2020.

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Pressure vessels application to have the largest market share in the tow prepreg market during the forecast period.

Tow prepregs are widely used in the manufacturing of type-3 and type-4 cylinders. These cylinders offer numerous advantages over other cylinders regarding weight reduction, longer lifespan, and excellent tensile strength. A pressure vessel is primarily used in the oil & gas industry. However, since the past few years, aerospace & defense and automotive & transportation are also shifting towards the use of composite pressure vessels, which in turn is augmenting the demand for tow prepreg in the pressure vessels application.

The tow prepreg pressure vessels consist of a thin, non-structural linear wrapped in fiber composite designed to hold fluid under pressure. In the oil & gas industry, pressure vessels are used in both upstream and downstream operations. The growing use of these vessels in the oil & gas and other chemical industries is driving the market.

The oil & gas end-use industry segment is expected to account for the largest share in the tow prepreg market during the forecast period, in terms of value.

Oil & gas is one of the world’s largest industries. Globally, in terms of value, oil & gas exports were higher than 30% of the total global exports. FRP tanks are widely used in the oil & gas industry for storage, and nowadays, tank manufacturers are increasingly manufacturing these tanks using tow prepregs through the filament winding process. These storage tanks have high strength and long life to avoid the need for early replacement. Using tow prepreg-based tanks instead of steel tanks helps increase the durability of the tank and reduces the cost of replacement. Therefore, the increasing need for pressure vessels and tanks in this industry will drive the market growth of tow prepreg market.

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Europe region to account for the largest market share in the tow prepreg market during the forecast period.

Europe was the largest tow prepreg market, in terms of value, in 2020. The increasing use of tow prepreg in applications such as pressure vessels, scuba tanks, and other applications is expected to provide new growth opportunities to the market. Furthermore, high economic growth, growth in manufacturing industries, and presence of major tow prepreg manufacturers are some of the key factors driving the tow prepreg market in Europe.

The key players in the market include TCR Composites (US), SGL Carbon SE (Germany), ENEOS Holdings, Inc (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber and Composites, Inc (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (England), Vitech Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc (Japan), and 3M (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the tow prepreg market.

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Friday, February 25, 2022

Cast Elastomer Market worth $1.8 billion by 2026

The report "Cast Elastomer Market by Type(Hot Cast Elastomer, Cold Cast Elastomer), End-use Industry (Industrial, Automotive & Transportation, Oil & Gas, Mining), and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026", size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The growing demand for cast elastomer from high-value end-use industries such as automotive & transportation, oil & gas, and mining, as well as rapid industrialization in emerging economies are the major drivers for the market. Superior properties than conventional materials such as high load-bearing capacity, high resilience, high impact strength, high abrasion resistance, and excellent resistance to oil and grease are also driving the market for cast elastomer.

Based on type, hot cast elastomer is estimated to be the largest market in the overall cast elastomer market in 2021.

The hot cast elastomers segment is the largest and is also projected to continue this trend till 2026. The main growth driver of the high consumption of these cast elastomers is owing to their properties such as cost-effectiveness, versatility, and durability. Hot cast elastomers are used in end-use industries such as oil & gas, mining, and automotive & transportation. Increasing demand in these end-use industries such as automotive, oil & gas, and others is expected to support the growth of the hot cast elastomer segment during the forecast period.

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Based on end-use industry, industrial is expected to be the largest cast elastomer segment in 2021.

Industrial segment is the largest end-use industry for cast elastomers. The high demand in this segment is attributed to its wide variety of applications in the industrial sector. Increasing number of industries and machinery is assisting in boosting the demand for cast elastomers in this sector. Cast elastomers are used in the industrial sector in a wide range of applications such as coupling elements, seals & gaskets, conveyor belts, forklift wheels, and others. These components are in turn used in various sectors such as paper, construction, heavy industries, and others. Growing demand for energy efficient and environment friendly equipments is also expected to affect the cast elastomers market in a positive manner.

Based on region, APAC is projected to grow the fastest in the cast elastomer market during the forecast period.

APAC is the fastest-growing market for cast elastomers. This is primarily attributed to developing economies, such as India, China, Indonesia, Malaysia, Thailand, and others in the region, where demand for industrial machineries and equipments is growing rapidly. Additionally, increase in population and growing urbanization are also driving the market and increasing cast elastomer utilization. In addition, progress in industrialization, increasing demand due to changing demographics, and government initiatives are expected to attract business investments in industries such as power, oil & gas, metal processing, construction, and mining are also driving the market for cast elastomers in the region.

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The key players in the cast elastomer market include Covestro AG (Germany), Huntsman Corporation (US), Lanxess  (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia). These players have established a strong foothold in the market by adopting strategies, such as new product launches, investment & expansions, agreement & collaboration, and mergers & acquisitions.

Friday, February 18, 2022

The polyethylene foams market size is projected to reach USD 4.8 Billion by 2026

The global polyethylene foams market is projected to grow from USD 3.6 billion in 2021 and is projected to reach USD 4.8 billion by 2026, at a CAGR of 6.0%, between 2021 and 2026 period. The driving factor for the polyethylene foams market is growth in end-use industries and high growth in Asia Pacific.

Browse 217 tables and 33 figures spread through 200 pages and an in-depth TOC on "Polyethylene foams market - Global Forecast to 2026"
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Medical is projected to be the fastest-growing end-use industry of polyethylene foam market.

Medical is the fastest-growing end-use application segment of the polyethylene foams market, in terms of volume. In the medical industry, all products need to be handled with intensive care. XLPE foams are unique, closed-cell materials used widely to create medical packaging solutions. The XLPE foam is hypoallergenic, non-toxic, and latex-free and can also be used in operating rooms. It has a cushion-like feeling, is water-resistant, and has the capability of being gamma-sterilized to be used with medical devices. It is extensively used in the medical device industry to package and protect surgical instruments, implants, and other surgical devices, and in both inside and outside of a sterile barrier system.

Non-XLPE is the largest type of the polyethylene foam market.

Non-XLPE foam is also known as non-cross-linked polyethylene foam. Non-XLPE foam is easy to fabricate, and it is both non-abrasive and resilient. This polyethylene foam provides excellent shock and vibration protection during product transport. It has good flotation properties and is also water-resistant for recreational and sporting applications. It has good thermal insulation properties and has the added benefit of being recyclable. It is also a great alternative to more traditional types of packaging, such as corrugated paper.


Asia Pacific is the largest Polyethylene foams market globally.

Asia Pacific is the most promising market for polyethylene foams and is projected to remain the same in the next few years. Asia Pacific is witnessing an increased demand for high-end products because of the rise in the purchasing power of consumers. These products demand efficient packaging and transportation, thereby increasing the need for polyethylene foams. The key markets in the region include China, India, Japan and South Korea. India, China, and Indonesia are investing heavily in various end-use industries, which is likely to influence market growth.

The key players profiled in the polyethylene foams market report are Armacell (Luxembourg), JSP ( Japan), Sealed Air (US), Zotefoams PLC (UK), and Recticel NV (Belgium)

Study Coverage:

This report covers the market for polyethylene foams and forecasts the market size until 2026. It includes DROC’s, value chain analysis, and market segmentation based on type, density, end-use industry, and region. It also provides company profiles and competitive strategies adopted by the market players.




Friday, February 11, 2022

Textile Chemicals Market worth $33.1 billion by 2026

 The report "Textile Chemicals Market by Fiber (Natural, Synthetic), Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants), Application (Apparel, Home Textile, Technical Textile) & Region - Global Forecast to 2026", The global Textile Chemicals Market is estimated to be USD 26.5 billion in 2021 and is projected to reach USD 33.1 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. The driving factor for the Textile Chemicals market is chemicals is growing demand for technical textiles. Also growing adoption of low VOC and biodegradable materials for textile manufacturing is expected to provide lucrative opportunities for the growth of textile chemicals.

Browse 184 market data Tables and 28 Figures spread through 185 Pages and in-depth TOC on "Textile Chemicals Market - Global Forecast to 2026"

Coating & Sizing Agents is expected to be the fastest-growing by product type in the Textile chemicals market during the forecast period.

Coating & Sizing Agents is the fastest-growing product type segment in the Textile chemicals market. In the process of sizing, various types of materials are applied to the yarn. It is a procedure carried out by applying a protective adhesive coating on the yarn. The main objective of sizing is to provide strength and glaze to the yarn. This improves the weaving efficiency by reducing yarn breakage. Coating is the process of depositing a polymeric layer on one or both sides of the textile substrate which enhances the functional properties. The chemicals used for sizing of yarns and textile coatings are called coating & sizing agents, which constitute an integral part of textile chemicals

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APAC is expected to hold the largest market share in the global Textile chemicals market during the forecast period.

APAC accounted for the largest share of the Textile chemicals market in 2020. The Textile Chemicals market in APAC is driven by the demand from countries such as China, Japan, and India. Rapid industrialization, mainly in emerging economies such as China and India, has been one of the major factors driving the global Textile Chemicals market. The region’s strong industrial base and the growing middle-class populations have driven the demand for a variety of textiles such as technical textiles, home textiles, and apparel. Apart from this, favorable government policies, as well as low labor costs in countries such as India, Vietnam, and Bangladesh, are further strengthening the textile industry in these countries. Low production cost in these countries and huge installed textile production capacity in countries such as China has further attracted many international textile players in the region. This is expected to drive the demand for textile chemicals in the region.

Dow, Inc. (US), BASF SE (Germany), Wacker Chemie AG(Germany), Huntsman Corporation(US), Solvay (Belgium) among others are the leading Textile chemicals manufacturers, globally.

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Friday, February 4, 2022

Fire-Resistant Cable Market worth $2.1 billion by 2026

The report "Fire-Resistant Cable Market by Insulation Material(EPR, LSZH, PVC, XLPE), End-use Industry(Automotive & Transportation, Building & Construction, Energy, Manufacturing), and Region(North America, Europe, APAC, MEA, South America) - Global Forecast to 2026", size is projected to grow from USD 1.8 billion in 2021 to USD 2.1 billion by 2026, at a CAGR of 3.3% from 2021 to 2026. The market is projected to grow in accordance with the increasing awareness regarding fire safety, rapid pace of industrialization and urbanization, and the implementation of fire safety regulations by governments across the globe. Furthermore, the fire-resistant cable market has witnessed a significant increase in demand from building & construction industry, owing to the growing requirement for public safety from fire incidents.

Browse 276 market data Tables and 56 Figures spread through 256 Pages and in-depth TOC on "Fire-Resistant Cable Market - Global Forecast to 2026"

In terms of value & volume, XLPE is estimated to lead the fire-resistant cable market in 2020

XLPE, by insulation material, accounted for the largest market share in the fire-resistant cable market. High thermal short circuit rating, excellent electrical property maintained under full temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low permeability to water, excellent chemical resistance, high durability, and long operational life are some of the properties fueling the growth of the XLPE segment.

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Building & Construction is estimated to be the largest segment in the fire-resistant cable market in 2020.

Building & Construction, by end-use industry, accounted for the greatest demand for fire-resistant cables in 2020, in terms of value and volume. The growing building safety awareness among masses has led to the increase in demand for fire resistant cables. Fire resistant cables find application in the distribution of power in almost every commercial and residential building. The increasing construction activities are driving the fire-resistant cable market in the building & construction industry.

The APAC region is projected to account for the largest share in the fire-resistant cable market during the forecast period.

The APAC region is projected to lead the fire-resistant cable market in terms of both value and volume from 2021 to 2026. Growing population and rapid urbanization are among the key factors propelling industry expansion in the region, during the forecast period. The cables are easy to install and maintains the reliability of the electrical circuits, and can withstand at high temperature & during fire ensuring the human safety. Growing construction as well as automotive industries, amongst others, in APAC countries, are fueling the fire-resistant cable demand in the region.

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Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), and LS Cable & System Limited (South Korea), and Elsewedy Electric Company (Egypt), amongst others, are the key players operating in the fire-resistant cable market. Acquisitions, investments, expansions, collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the fire-resistant cable market.


Thursday, October 7, 2021

Washed Silica Sand Market worth $24 million by 2026

 The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a CAGR of 5.4% from 2021 to 2026. The washed silica sand market is expected to witness significant growth in the coming years due to its increased demand across the construction, container glass, specialty glass, fiberglass, foundry, oil well cementing, and cosmetics industries.

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COVID-19 impact on global washed silica sand market

With the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. The outbreak of COVID-19 in Wuhan, China, has spread across the major APAC, European, and North American countries, affecting the market for washed silica sand since most of the global companies have their headquarters in these countries. This impact of COVID-19 had caused disruption in the supply chain, which had slowed down the market growth due to lack of raw materials and unavailability of workforce.

Particle size 0.5mm ¨C 0.7mm is the largest segment for washed silica sand.

Based on particle size, 0.5mm -0.7mm is projected to be the largest segment in the washed silica sand market. Silica sand, in terms of particle size, is divided into three categories, which are less than 0.4 mm, 0.5 mm ¨C 0.7 mm, and more than 0.7mm. These particles fall under different categories of the U.S. standard sieve numbers ranging from 4 mesh to 200 mesh categories. The most common application of this particle size is in glassmaking. In order to be suitable for glassmaking, washed silica sand needs to pass a 30-mesh sieve, which is 0.59 mm granule size.

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Significant increase in the demand for washed silica sand in glass production

By Application, glass is projected to be the largest segment in the washed silica sand market. The demand is specifically witnessed for fiberglass, container glass, and specialty glass. Properties such as high strength and low weight make fiberglass and speciality glass preferable to be used in construction, automotive, solar, and wind energy industries. The growth of this segment can be attributed to the keen interest of contractors and builders to use washed silica sand to produce fiberglass for construction activities (as a construction and insulation material), especially in the emerging economies of APAC and South America. Further, the increasing demand for container glasses in pharmaceutical and other industries are expected to boost the market demand.

Thursday, September 30, 2021

Protective Films Market by Class, Type, End-Use Industry and Region

 The protective films market is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% from 2017 to 2022. The demand for protective films is rapidly increasing globally, as use of these films increases the shelf-life of products on which these are applied. This trend is observed in many end-use industries such as building &construction, transportation which include the automotive and aerospace sectors, electronics, packaging, and others, wherein the consumption of protective films is expected to see robust growth.

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New product launches, expansions, and mergers & acquisitions are the key growth strategies adopted by market players to maintain and enhance their positions in the protective films market. The growth of the protective films market can be attributed to the increased demand from the building and construction and transportation industries.

Major manufacturers of protective films, including Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (US), Chargeurs (France), DuPont (US), Arkema (France), Avery Dennison (US), Hitachi Chemical (Japan), Toray Industries, Inc. (Japan), and Polifilm Group (Germany) have been profiled in this report on the protective films market. These companies have adopted several strategies, such as new product launches, expansions, and acquisitions to strengthen their positions in the protective films market.

Nitto Denko Corporation (Japan) is one of the most active players in the protective films market. It develops various types of protective films based on different carrier materials such as polyolefin, PVC, and others and these films are applied on different substrates such as metals, plastics, aluminum panels, and others. These substrates are used in different end-use industries, such as electronics, building & construction, and transportation, among others. The company has adopted the acquisitions strategy during the past five years to enhance its position in the market. As a part of its strategy, in July 2016, Nitto Denko acquired the product line of functional films from Nolax Holding A.G (Switzerland) which are used in automotive side curtain airbags.

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Saint-Gobain (France) is another company that has established a strong foothold in the protective films market. Saint-Gobain markets two product lines, CHEMFILM and NORFILM protective films, catering to a wide range of industries. The company has adopted the acquisitions and new product launches strategies to further cement its status in the protective films market. As part of its strategy, the company acquired 100% equity capital of TekBond (Brazil).  TekBond is a supplier of adhesives, sealants, tapes, and masking tapes, which enabled Saint-Gobain expand its protective film business in Brazil.

Thursday, September 23, 2021

Market Leader - Alpha Olefins Market

 The alpha olefins market size is projected to reach USD 13,464.2 million by 2022 from USD 8,761.2 million in 2016, at a CAGR of 7.8%. The rising demand from the end-use industries such as plastics and automotive is driving the market of alpha olefins. Alpha olefins are used in the production of polyethylene. Thus, the increasing demand from the plastics industry for polyethylene production is expected to drive the market for alpha olefins.

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North America to account for the largest share of the global alpha olefins market during the forecast period

In this study, the alpha olefins market is segmented into five major regions, namely, Asia-Pacific, Europe, North America, Middle East Asia & Africa, and South America. North America is the largest market for alpha olefins.The region has a huge potential for the alpha olefins market as the region has a vast and varied industrial base. The growth in North America is mainly attributed to the continuous expansion of oil & gas and petrochemical infrastructure in the U.S., Canada, and Mexico. North America is considered as a potential investment hub for alpha olefins production by several domestic as well as foreign players because of its vast natural resources reserves. It houses some of the top regional players such as Chevron Phillips Chemical Company (U.S.) and ExxonMobil. (U.S.). The high growth in the region is likely to be backed by the increasing demand from the plastics industry coupled with the rising awareness of environment-friendly products.

Premium Insights -
    4.1 Growth Opportunities for the Alpha Olefins Manufacturers Between 2016 and 2022
    4.2 Global Alpha Olefins Market to Grow at A Steady Rate
    4.3 Asia-Pacific Aplha Olefins Market Scenario By Country and Application
    4.4 Leading Countries in the Alpha Olefins Market, 2017
   4.5 Alpha Olefins Market in 2017, By Application

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Key Questions Addressed by the Report

  • Who are the major market players in the alpha olefins market?
  • What are the regional growth trends and the largest revenue-generating regions for the alpha olefins market?
  • Which are the significant regions for different industries that are projected to witness remarkable growth for the alpha olefins market?
  • What are the major types of alpha olefins that are projected to gain maximum market revenue and share during the forecast period?
  • Which is the major type of source where alpha olefins are used that will be accounting for the majority of the revenue over the forecast period?

Metallized Film Market worth $3.3 billion by 2026

The report   " Metallized Film Market  by Material Type (PP and PET), Metal (Aluminum), End-use Industry (Packaging, Decorative), And R...