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).

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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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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