Chemical: Chemicals

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Tuesday, June 1, 2021

Proppants Market Worth $12.1 Billion By 2025 | At A CAGR of 9.1%

The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025.

The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation ni proppants technologies and the growing natural gas demand to ensure energy security is driving the proppants market during the forecast period.

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Proppants is treated sand or engineered ceramic material, which is used to keep fractures propped open after the fracturing treatment. Different types of proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi. Proppants are injected into the wellbore along with water and additives with high-pressure intensity to make the fractures. They need to be permeable to gas under high pressure. Large mesh proppants have a greater permeability at low closure stresses, whereas small mesh proppants have greater permeability at high closure stresses. Proppants used in hydraulic fracturing have a direct impact on the cost of the oil & gas production output. The Proppants selection depends on the reservoir type, closure stress, depth, and stages of fracturing.

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The companies have initiated the following developments:

In March 2020, COVIA completed the expansion of its Canoitas facility located in Mexico. The expansion will enable COVIA to add 350 tons of annual silica production capacity to support the growth of customers in Mexico.
In March 2020, COVIA expanded the capacbilities of its facility in North America to serve coating & polymers end-markets and create a highly efficient modern facility and the project cost was approximately USD 45 million.
In May 2019, Hi-Crush Inc. acquired Proppant Logistics LLC which owns Pronghorn Logistics LLC. The company provides end-to end logistic services for proppants.

In 2020, the proppants market declined by 27% in terms of volume, which was due to the oil price crash triggered by the COVID-19 pandemic. The unprecedented demand shock in the oil industry in 2020 led to a historic drop in the oil prices, as governments around the world closed down businesses, issued stay-at home mandates, and restricted travel. The proppants demand is estimated to recover in 2021 with the average oil price in 2021 expected to be above 50 USD/bbl.

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Thursday, May 20, 2021

Methanol Market Worth $26.6 Billion By 2025 | At A CAGR of 5.5%

The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

COVID-19 Impact on the Methanol Market

The global Methanol market includes major Tier I and II suppliers like as Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

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Recent Developments

In February 2019, it acquired a 365-kt synthesis gas production unit from Linde AG, located at Clear Lake, Texas facility. The acquisition strengthened the capability of managing future productivity and growth in the production of acetic acid.
In June 2019, BASF and Sichuan Lutianhua Co., Ltd. (Lutianhua) signed an MoU to co-develop a pilot production plant that will significantly reduce carbon emissions and increase energy efficiency in producing dimethyl ether (DME) from syngas compared to the traditional process.
In June 2020, Saudi Aramco acquired 70% stakes of SABIC from the Public Investment Fund (PIF), for a total purchase of USD 69.1 billion. This transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.

**Methanol Market worth $26.6 billion by 2025**

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

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and phramacutical industries in countries such as China, Japan, India, South korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.

♦ Leading Key Players -

Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the leading methanol manufacturers, globally.

Thursday, April 1, 2021

Biodegradable Plastics Market Worth $12.4 Billion By 2027 - MarketsandMarkets (Rising Demand Growth Trend Insights for Next 5 Years)

The biodegradable plastics market is projected to reach USD 12.4 billion by 2027, at a CAGR of 15.1%.

The report “Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End-use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Row) - Global Forecast to 2027”.

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The growth of the market is attributed to the increasing demand for biodegradable plastics in various end-use industries in emerging economies such as India, China, and Brazil. The increasing adoption of strategies such as new product launches and mergers, acquisitions & partnerships by the key players is also fueling the market.

On the basis of end-use industry, the packaging & bag segment is estimated to lead the biodegradable plastics market during the forecast period.

Packaging & bags is the largest end-use industry of biodegradable plastics. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry. Packaging products made from these plastics are mainly used in the packaging of fresh food, dried snacks & candy, bakery goods, water & juice bottles, and meat trays. Biodegradable plastics are also used as coatings for beverages cups and films & card stock.

Increasing use of PLA in the packaging & bags and consumer goods industry is projected to lead the biodegradable plastics market during the forecast period.

PLA is the largest type segment of the biodegradable plastics market, as it is used in various end-use industries such as packaging & bags and consumer goods. PLA is made from renewable resources, and it is compostable as well as biodegradable. It is derived from corn starch (in the US and Canada), tapioca roots, chips, or starch (mostly in Asia), or sugarcane (in RoW). This makes PLA non-toxic and an environmentally friendly material. Plastic products may take up to thousand years to degrade while PLA products biodegrade within 3–6 months in an industrial composting system. The key applications of PLA are thermoformed products, namely, drink cups, takeaway food trays, containers, and planter boxes. It has good rigidity and allows for replacement of polystyrene and PET in such applications. PLA is being adopted rapidly as it is more economical to manufacture PLA as compared with the synthesis of other biodegradable plastics.

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The increasing use of biodegradable plastics in end-use industries including packaging & bags, consumer goods and agriculture & horticulture is driving the biodegradable plastics market in APAC.

APAC is expected to be the fastest-growing biodegradable plastics market during the forecast period. The growing packaging & bags industry in APAC has offered significant opportunities for the growth of the biodegradable plastics market in the region. The increasing use of biodegradable plastics in various end-use industries, such as packaging & bags, consumer goods, agriculture & horticulture, and textile, is driving the biodegradable plastics market in APAC.

Major players such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK) have adopted development strategies such as expansions, mergers, acquisitions & partnerships, and new product launches to achieve growth in the biodegradable plastics market.

Friday, January 22, 2021

Methanol Market worth $26.6 billion by 2025 - MarketsandMarkets

[336 Pages Report] The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

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COVID-19 Impact on the Methanol Market

These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for methanol is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

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Methanol : Market Dynamics:

Driver:Increasing demand for petrochmeicals in APAC

Methanol is used large-scale production of petrochemicals. The growth in petrochemicals demand in APAC is driving the methanol market. The use of petrochemicals in end-use industries such as automotive and construction is the main driving force for the methanol market. In the petrochemical industry, organic chemicals with the largest production volume are methanol, ethylene, propylene, butadiene, benzene, toluene, and xylenes. Ethylene, propylene, and butadiene, along with butylene, are collectively called olefins. Methanol is a forerunner to a variety of chemical products and is generally referred to as primary petrochemical. The production of olefins from methanol is coming as a major driver for the growth of methanol in the petrochemical industry. MTO/MTP is the third-largest and the fastest-growing derivative segment in the methanol market. Methanol-to-olefins and methanol-to-propylene (MTO/MTP) applications are gaining momentum. This usage is driven solely by China.

Thursday, January 21, 2021

Refrigerants Market Worth $30.8 Billion By 2025 - MarketsandMarkets

The report "Refrigerants Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane), Application (Domestic, Industrial, Commercial, Chillers, Split AC, VRF, Window, MAC), and Region - Global Forecast to 2025", The refrigerants market is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7%, from USD 21.3 billion in 2020.

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Browse 157 market data Tables and 63 Figures spread through 191 Pages and in-depth TOC on "Refrigerants Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane), Application (Domestic, Industrial, Commercial, Chillers, Split AC, VRF, Window, MAC), and Region - Global Forecast to 2025"

Impact of COVID-19 on Refrigerants Market

The COVID-19 outbreak has impacted the global refrigerants market as demand for refrigerants from end-use applications declined for a short-term period at the beginning of 2020. Several industries witnessed setbacks in the first half of 2020, which led to a consequent decline in the demand for refrigerants. As a result, the refrigerant market is expected to witness negative growth in 2020. However, demand is expected to revive from 2021 onward and continue during the forecast period

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Market Dynamics

Driver: Growing Cold Chain Market

A cold chain is a supply chain that consists of a series of storage and distribution activities to maintain a particular temperature range. It comprises two segments – refrigerated transport that utilizes refrigerator trucks, cars, rail, and containers, among others, and surface storage that consists of refrigerated warehouses for storing perishable products. The food and pharmaceutical industries are the major end-users contributing to the increase in demand for the cold chain.

Restraints: Stringent Regulations Against Fluorocarbon Refrigerants

Due to the severe damage that fluorocarbon refrigerants cause to the ozone layer, various governments and agencies are imposing regulations to limit their use. Several countries have agreed to phase out the use of HCFCs and HFCs by imposing limitations on their consumption through various protocols and regulations. These regulations restrict the growth of the fluorocarbon refrigerants market.

Monday, August 31, 2020

High Temperature Thermoplastics Market worth 21.70 Billion USD by 2022 (Analysis of Covid19 Impact)

The report “High Temperature Thermoplastics Market by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical), Resin Type (High Temperature FPs, HPPA, PPS, SP, LCP, AKP, PI), Temperature Range, and Region - Global Forecast to 2022”, The High Temperature Thermoplastics (HTTs) market is estimated at USD 14.28 Billion in 2017 and is projected to reach USD 21.70 Billion by 2022, at a CAGR of 8.57% from 2017 to 2022. The market is driven by the replacement of conventional materials with high temperature thermoplastics in high dimensional stability and high temperature applications.

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Browse 68 Market Data Tables and 47 Figures spread through 150 Pages and in-depth TOC on “High Temperature Thermoplastics Market by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical), Resin Type (High Temperature FPs, HPPA, PPS, SP, LCP, AKP, PI), Temperature Range, and Region - Global Forecast to 2022”

Transportation industry is at the forefront and is driving the high temperature thermoplastics market

High temperature thermoplastics are widely used in electrical & electronics, medical, transportation, industrial, and other end-use industries due to their superior properties such as recyclability and improved stability at high temperatures. The transportation end-use industry accounted for the largest market share, in terms of value as well as volume in 2016, followed by electrical & electronics, industrial, medical, and others. The transportation industry includes aerospace and automotive. In automotive industry, HTTs are used in drivetrain systems, fuel systems, cooling & heating systems, electrical & electronics systems, mechanical gears, air intake systems, and so on. The medical end-use industry segment is estimated to grow at the highest CAGR between 2017 and 2022, in terms of value, among all the industries considered.

High temperature thermoplastics (range 302˚F-449.6˚F) segment accounts for a major market share in the high temperature thermoplastics market

High temperature thermoplastics can be classified into two types: high temperature thermoplastics (range 302˚F-449.6˚F) and extreme temperature thermoplastics (Range >449.6˚F), on the basis of their maximum continuous service temperature. The high temperature thermoplastics (range 302˚F-449.6˚F) segment accounts for the major share in the high temperature thermoplastics market. The extreme temperature thermoplastics (range >449.6˚F) segment is expected to grow at a higher CAGR of 8.95% in terms of value during the forecast period.

♦ Major Key Players -

Some of the key players in the HTTs market are BASF (Germany), Celanese Corporation (US), Solvay (Belgium), Arkema (France), Evonik Industries (Germany), DowDuPont (US), SABIC (Saudi Arabia), Victrex (UK), Royal DSM (Netherlands), and Toray (Japan).

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Friday, August 28, 2020

Polyurethane Elastomers Market Worth 16.63 Billion USD By 2022

The global PU elastomers market is estimated to grow from USD 12.47 Billion in 2017 to USD 16.63 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022.

The report “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”, Globally, people are opting for products that deliver outstanding performance and have a long life. PU elastomers are used as a replacement for standard elastomers, metals, and rubbers because of their unique set of properties such as heat resistance, weathering resistance, ozone resistance, chemical resistance, oil & gas resistance, aging resistance, flexibility, durability, and huge variety. These factors ultimately increase the demand for PU elastomers globally.

Browse 75 market data tables and 38 figures spread through 125 pages and in-depth TOC on “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”

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♦ Major Key Players –

Some of the major players active in the global polyurethane elastomers market include BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China).

On the Basis of Application:

Footwear
Automotive & Transportation
Industrial Machinery
Building & Construction

Footwear application is estimated to lead the PU elastomers market during the forecast period.

PU elastomers are majorly used in footwear application for the perfect combination of ergonomics, microclimate, and sensation to deliver the most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles in footwear applications.

Wednesday, August 26, 2020

Tetrahydrofuran (THF) Market Worth 4.12 Billion USD By 2022

The report “Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022”, The THF market is projected to grow from USD 2.95 Billion in 2017 to USD 4.12 Billion by 2022, at a CAGR of 6.9% from 2017 to 2022.

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Browse 60 market data Tables and 33 Figures spread through 100 Pages and in-depth TOC on “Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022”

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High demand for spandex and polyurethane across the globe is driving the growth of the THF market. Increased demand for spandex from the textile and apparel industries due to the high strength and elasticity offered by spandex has led to increase in the production of Polytetramethylene Ether Glycol (PTMEG), thereby leading to the growth of the THF market. The growing demand for tetrahydrofuran from the chemical and textile industries is also leading to the growth of the THF market. The textile industry in emerging economies such as China and India is expected to witness increased demand for tetrahydrofuran during the forecast period.

Among technologies, the Reppe process segment led the THF market in 2017, in terms of volume.

The Reppe process segment led the THF market in 2017, in terms of volume. The Reppe process is a mature technology and is widely used for the production of tetrahydrofuran due to its high production efficiency and low investment costs. It is also suitable for the mass production of tetrahydrofuran. Less number of steps involved in this process, saves the process time, thereby making manufacturing of tetrahydrofuran easy.

Among applications, the Polytetramethylene Ether Glycol (PTMEG) segment led the THF market in 2017, in terms of volume.

The PTMEG application segment led the THF market in 2017, in terms of volume. PTMEG is used in the production of spandex and polyurethane. Spandex is extensively used in women’s clothing such as leggings, form-fit garments, and trendy outfits; sportswear such as swimwear, athletic wear, and aerobic garments; and casual garments. Changes in trends in the apparel industry have been largely responsible for blending sportswear with the casual wear. In addition, the growing health awareness among masses has increased fitness activities across the globe. These trends have increased the demand for sportswear across the globe, thereby leading to the increased demand for spandex. This, in turn, is driving the demand for tetrahydrofuran in PTMEG application. Moreover, flourishing construction, automotive, and consumer goods industries have also fueled the consumption of polyurethane in PTMEG application, thereby leading to the increased demand for tetrahydrofuran.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The Asia Pacific region is the largest market for tetrahydrofuran. The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume. Countries such as China and South Korea of the Asia Pacific region are expected to witness high growth during the forecast period. The Asia Pacific region is also a major market for textiles, packaging, automotive, and chemical processing, globally. Countries in the Asia Pacific region are expanding their production capacities and investing in new projects to decrease their dependence on imports, thereby fueling the regional energy security and autonomy. China has enormous production capacities for 1,4-Butanediol (BDO) and tetrahydrofuran. Moreover, the growing purchasing capacity of consumers, increasing dispensable income of the middle class population, and growing awareness among masses about benefits of fitness activities have surged the demand for spandex in sportswear. Government support for the promotion of various sports events in the Asia Pacific region has also led to increased demand for sportswear from the region, thereby leading to the increased demand for spandex. This, in turn, is contributing to the growth of the Asia Pacific THF market.

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Key Players in the THF Market

The key players operating in the THF market are BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others. These companies have adopted various dynamic business strategies to strengthen their position in the THF market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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Tuesday, August 25, 2020

Construction Lubricants Market worth 15.64 Billion USD by 2022 (COVID-19 Impact)

The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.

The report “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”, Growth of the construction industry in the APAC and the Middle East & Africa regions coupled with the improved quality of construction lubricants is expected to drive the construction lubricants market during the forecast period.

Browse 104 market data Tables and 41 Figures spread through 135 Pages and in-depth TOC on “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”

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The synthetic base oil segment is projected to grow at a higher CAGR during the forecast period.

The construction lubricants market has been segmented on the basis of base oil into mineral oil and synthetic oil (PAO, PAG, Esters, Group III). The synthetic oil segment is projected to register the highest CAGR during the forecast period. Synthetic oil provides high performance and high drain interval than mineral oil. Moreover, due to the implementation of environmental rules and regulations in the developed regions, the market for synthetic oil is expected to register a higher CAGR between 2017 and 2022.

The hydraulic fluid segment is expected to lead the construction lubricants market during the forecast period.

Hydraulic fluid was the largest product type segment of the construction lubricants market, in terms of volume, in 2016. This dominance is mainly attributed to the high demand for hydraulic fluid for use in the heavy load equipment used in the construction industry. As the primary function of hydraulic fluid is energy transmission, the consumption of hydraulic fluid in the construction industry is high. However, due to the high cost and frequent replacement, the engine oil segment dominated the construction lubricants market in terms of value.

APAC is expected to be the largest market for construction lubricants during the forecast period.

The construction lubricants market has been studied for five regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. APAC is projected to be the largest construction lubricants market during the forecast period due to the massive industrial growth in emerging countries, such as China, India, and South Korea. Domestic and foreign investments in construction have been consistently growing over the past decade in this region. Moreover, the rising investments in infrastructure development in the developing countries of APAC are also fueling the growth of the construction lubricants market in the region.

Some of the key players in the construction lubricants market include Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Fuchs Petrolub SE (Germany).

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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com

Monday, August 24, 2020

Everyone Is Flocking To Work In The Construction Lubricants Market Industry. But Why?

The construction lubricants market is projected to grow from USD 12.63 Billion in 2017 to USD 15.64 Billion by 2022, at a CAGR of 4.37% between 2017 and 2022.

Browse 104 market data Tables and 41 Figures spread through 135 Pages and in-depth TOC on “Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) - Global Forecast to 2022”

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The synthetic base oil segment is projected to grow at a higher CAGR during the forecast period.

The hydraulic fluid segment is expected to lead the construction lubricants market during the forecast period.

APAC is expected to be the largest market for construction lubricants during the forecast period.

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Some of the key players in the construction lubricants market include Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), Chevron Corporation (US), Total (France), PetroChina (China), Sinopec (China), LUKOIL (Russia), Indian Oil Corporation (India), and Fuchs Petrolub SE (Germany).

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Friday, August 21, 2020

Polytetrafluoroethylene (PTFE) Market worth $3.60 billion by 2027

The PTFE market is projected to grow at USD 3.60 billion by 2027, at a CAGR of 6.1% during the forecast period.

The report “Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027”.

Browse 77 market data Tables and 34 Figures spread through 134 Pages and in-depth TOC on “Polytetrafluoroethylene (PTFE) Market by Form (Granular, Fine Powder, Dispersion, and Micronized), End-use Industry (Chemical & Industrial Processing, Electronics & Electrical, Automotive & Aerospace, Consumer Goods), and Region - Global Forecast to 2027”

Exceptional properties of PTFE, increasing demand for high-performance polymers, high-growth end-use industries, and demand for PTFE in emerging countries are driving the PTFE market. However, the increasing prices of PTFE are restraining the growth of the PTFE market. ePTFE and mPTFE offer significant opportunities, whereas, high investment cost, re-processing in the PTFE market, and stringent environmental regulations are significant challenges for the PTFE market.

On the basis of form, the granular segment is estimated to lead the PTFE market.

Granular PTFE is the most widely used form of PTFE, owing to its low price. The production technology of granular PTFE is less complicated and results in low manufacturing cost. Granular PTFE offers chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. Hence, it is used in the manufacturing of semi-finished and finished products such as rods, sheets, bushes, gaskets, seals plates, balls, piston rings, valve seats, expansion joints, diaphragms, piping components, O-rings, v-rings, connectors, and sockets.

Based on end-use industry, the chemical & industrial processing segment is estimated to lead the PTFE market.

PTFE resin is extensively used in the chemical & industrial processing industry in the form of films, gaskets, tubes, coatings, liners, and components in a wide range of machinery and equipment. It is mainly used in the manufacturing of pumps and valves, shaft seals, sliding elements, and friction bearings. Chemical resistance, thermal resistance, and flexural strength properties of PTFE make it suitable for its use in the chemical & industrial processing end-use industry.

The APAC PTFE market is projected to grow at the highest CAGR during the forecast period.

APAC is expected to be the fastest-growing PTFE market during the forecast period. The PTFE market in this region is led by China, Japan, India, and South Korea. The increasing demand for PTFE in the production of components used in automobiles, electronic devices, electrical appliances, chemicals, and industrial products in China and Japan, among other economies, is driving the growth in this market in APAC. These factors are driving key market players to expand their business in the APAC region.

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Key Players in the PTFE Market

The key players operating in the PTFE market include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan) , Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Tuesday, August 18, 2020

Anti-Icing Coating Market worth 1,268.1 million USD by 2023 (Covid19 Impact)

The report “Anti-Icing Coating Market by Substrate (Metals, Glass, Concrete & Ceramics), End-Use Industry (Automotive & Transportation, Renewable Energy, Communication Equipment, Construction and Others), and Region - Global Forecast to 2023”, The market size of anti-icing coatings is projected to grow from USD 423.4 million in 2018 to USD 1,268.1 million by 2023, at a CAGR of 24.5% from 2018 to 2023. It is driven by a wide range of end-use industries, namely, automotive & transportation, renewable energy, communication equipment, construction, and others. In addition, the increasing number of aircraft globally is also expected to drive the use of anti-icing coating in the automotive & transportation end-use industry.

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Key Target Audience:

Anti-icing Coating Manufacturers
Raw Material Suppliers
Traders, Distributors, and Suppliers of Anti-icing Coating
Regional Manufacturer Associations and General Anti-icing Coating Associations
Government & Regional Agencies and Research Organizations
Investment Research Firms

On the Basis of End-use Industry:

Automotive & transportation
Renewable Energy
Communication Equipment
Construction
Others

♦ Major Key Players -

Anti-icing coatings are manufactured by using silica based nanocoatings. Major players in the market are PPG (US), DowDuPont (US), Fraunhofer (Germany), Battelle (US), CG2 Nanocoatings (Canada), Aerospace & Advanced Composites (Austria), Nanosonic (US), NEI Corporation (US), Cytonix (US), NeverWet (US), and others.

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Metal is the largest substrate segment of the anti-icing coating market.

The anti-icing coating market has been segmented on the basis of substrate into metals, glass, and concrete & ceramics. In 2018, the metal segment is estimated to have the largest market share, in terms of volume, due to the demand for anti-icing coatings for wings and turbines of aircraft. They are also applied on metal substrates of tire rims, doors, and locks of automobile and aircraft.

Rising demand from cold climatic regions is driving the anti-icing coating market.

Europe accounted for the largest share of the anti-icing coating market, in terms of both volume and value, in 2017. The anti-icing coating market in North America is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft. The high demand in cold climatic regions is the major driver for the anti-icing coating market. Russia is estimated to be the leading country in the European anti-icing coating market in 2018, owing to the expected increase in demand for anti-icing coatings during the forecast period from automotive & transportation, renewable energy, construction, and communication equipment end-use industries. This market is expected to witness high growth in the future in other cold climatic countries such as the US, Canada, and Scandinavian countries.

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Monday, August 17, 2020

Reasons Why ETFE Market Is Getting More Popular In The Past Decade (518.4 Million USD by 2023)

The report “ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023”, The ETFE market is projected to grow from USD 352.4 million in 2018 to USD 518.4 million by 2023, at a CAGR of 8.0% during the forecast period. The eco-friendly and recyclable properties of ethylene tetrafluoroethylene, increased demand for ethylene tetrafluoroethylene in various end-use industries, and better properties offered by ethylene tetrafluoroethylene than glass and other conventional fluoropolymers are driving the growth of the ETFE market across the globe. Ethylene tetrafluoroethylene is used in various applications such as films & sheets, wire & cables, tubes, coatings, and others due to its lightweight. Moreover, ethylene tetrafluoroethylene can be recycled into various other useable products. It is 100% recyclable and requires lesser fabrication than the traditional building materials, thereby reducing CO2 emissions.

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Browse 121 market data Tables and 48 Figures spread through 140 Pages and in-depth TOC on “ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023”

Based on technology, the injection segment of the ETFE market is projected to grow at the highest CAGR, in terms of both, volume and value during the forecast period.

Ethylene tetrafluoroethylene resins can be processed at a wide range of temperatures due to their improved thermal stability and low melting points using the conventional injection molding techniques. These resins are also resistant to ultraviolet rays, making them suitable for outdoor applications. Ethylene tetrafluoroethylene resins, which are available in the granular or powder forms, can be molded to tubes by the injection molding process, which is used in the automotive and medical industries.

Based on application, the wires & cables segment of the ETFE market is projected to grow at the highest CAGR from 2018 to 2023, in terms of both, volume and value.

Ethylene tetrafluoroethylene is used as an insulation material for wires & cables and cable jacketing. Ethylene tetrafluoroethylene-insulated wires & cables exhibit a high level of mechanical toughness, flexibility, and abrasion resistance. Ethylene tetrafluoroethylene insulations are commonly used in applications, which require high mechanical strength, improved chemical resistance, high-temperature endurance, and excellent electrical stability. These insulations are used for medical and scientific instruments, computers, motors, transformers, aircraft, appliances, process instrumentation, and marine systems.

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The Asia Pacific ETFE market is projected to grow at the highest CAGR during the forecast period, in terms of both, volume and value.

The growth of the Asia Pacific ETFE market can be attributed to the easy availability of cheap labor and economical and accessible raw materials, which have led to significant foreign investments in the region. This, in turn, has led to the growth of various end-use industries in the Asia Pacific region, thereby resulting in an increased demand for ethylene tetrafluoroethylene from the region. The growing economy of countries such as China, Indonesia, Taiwan, and India is also attracting increased foreign investments in these countries, thereby leading to the growth of the ETFE market in the region.

The key companies operating in the ETFE market include Asahi Glass Company (Japan), Daikin Industries (Japan), The Chemours Company (US), 3M (US), Quadrant (Switzerland), Guangzhou LiChang Fluoroplastics (China), Hubei Everflon Polymer (China), Ensinger (Germany), and Vector Foiltec (Germany).

Thursday, August 13, 2020

COVID-19 Is Creating A Revolution In PTFE Fabric Market (Worth 908.1 Million USD By 2023)

The report “PTFE Fabric Market by Type (PTFE Coated Fabric, Nonwoven Fabric, and PTFE Fiber-Made Fabric), End-Use Industry (Food, Construction, Filtration), and Region (Asia Pacific, North America, Europe, South America) - Global Forecast to 2023”, The PTFE fabric market is projected to grow from USD 690.8 million in 2018 to USD 908.1 million by 2023 at a CAGR of 5.6% from 2018 to 2023.

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Market Dynamics

High demand for PTFE fabrics in the automotive industry

PTFE fabrics are witnessing good growth in the automotive industry. PTFE coated fiberglass is used in the production of automotive parts during automotive extrusion, while PTFE coated conveyor belts are used for cooling the extruded products after formation. PTFE coated fabrics are used when a coarser texture is desired in the weave pattern. A PTFE coated fiberglass mesh is also used during the initial cooling before the extrusion is transferred to the cooling belt.

PTFE fabrics are also used to manufacture the interior components of automobiles, such as carpets, seating, roof linings, acoustic panels, and internal panels. In the manufacturing of interior components, nonwoven fibers including fiberglass are first mixed with polymers, heated, and then shaped using dies. With the automotive industry witnessing good growth, the demand for PTFE fabrics is also expected to increase.

High cost of PTFE coated fabrics as compared to PVC coated fabrics

The construction industry is one of the upcoming markets for PTFE coated fabrics. It is one of the fastest growing end-user industries in developed markets, such as North America and Europe. However, PTFE fabrics, due to their high cost, face stiff competition from PVC coated fabrics in emerging markets, such as India. PVC coated fabrics are more widely used in the construction industry due to their lower cost as compared to PTFE coated fabrics.

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♦ Major Key Players -

Taconic (US), FIBERFLON (Turkey), Saint-Gobain Performance Plastics (France), W. L. Gore & Associates, Inc. (US), Chukoh Chemical Industries (Japan), Daikin Industries (Japan), Sefar AG (Switzerland), Fothergill Group (UK), Birdair (US), and W.F. Lake Corp. (US) are some of the leading players operating in the PTFE fabric market.

Monday, August 10, 2020

Expanded Polystyrene (EPS) Market worth $24.7 billion by 2027 (Analysis of Covid-19 Impact)

The report “Expanded Polystyrene (EPS) Market by Product Type (White, Grey, Black), End-Use Industry (Building & Construction, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2027” The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 24.7 billion by 2027, at a CAGR of 5.3% during the forecast period. The major factors driving the EPS market include the growing construction and packaging industries in developing countries.

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• Recent Developments -

In August 2018, Atlas Roofing acquired ACH Foam Technologies, a leading manufacturer of molded polystyrene solutions with manufacturing facilities across North America. This will expand and enhance Atlas’s product portfolio and strengthen its position in the North American market.
In January 2018, BEWiSynbra completed the acquisition of Ruukin EPS, a Finnish manufacturer of insulation material. Through this acquisition, the company primarily gains better geographical coverage in Finland and will also be able to offer insulation material and packaging solutions in EPS as it does in the rest of the Nordics.
In October 2016, Atlas Roofing rebuilt its EPS production facility in Perryville, Missouri, which was destroyed by almost 85% by a fire that broke out in December 2016.
In January 2016, BEWiSynbra launched green EPS, made from recycled EPS – rigid cellular plastic with the same excellent characteristics as new plastic under the GreenLine brand.
In May 2015 , Synthos launched Synthos EPS with HBCD for packaging applications as an improvement in other EPS products offered by Synthos.

• Key Market Players -

Xingda Group, Synthos, BASF, Jiangsu, and Dalian

• Critical questions the report answers:

What are the upcoming trends in the market? What impact would they make post-2020?
What are the major factors influencing the growth of the market?
What are the key strategies adopted by the top players to increase their revenue?
What are the significant growth trends at the forefront of new market innovations?

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Wednesday, August 5, 2020

Cable Testing and Certification Market worth $14.7 billion by 2023

The report “Cable Testing and Certification Market by Voltage (Low Voltage, Medium Voltage and High Voltage), Test (Routine Test, Sample Test and Type Test), End-User (Cable Manufacturers and Utility Providers), and Region - Global Forecast to 2023” The cable testing and certification market is projected to reach USD 14.7 billion by 2023. The cable testing and certification market is estimated at USD 11.3 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing use of cables in various applications, such as electrical & electronics, transportation (automotive & aerospace, rail, and marine), and energy generation & distribution, is expected to drive the cable testing and certification market.

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• Market Size Estimation -

Both top-down and bottom-up approaches were used to estimate and validate the size of the global cable testing and certification market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.
The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

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♦ Leading Key Players -

DEKRA (Germany), Underwriters Laboratories (US), British Approvals Service for Cables (UK), SGS (Switzerland), and BRE Global (UK) among the total 22 major players covered.