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.


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...