Biodegradable Plastics Market worth $12.4 billion by 2027

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".

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.

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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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Succinic Acid Market Worth $237.8 million by 2027

The report "Succinic Acid Market by Type (Bio-Based Succinic Acid, Petro-Based Succinic Acid), End-Use Industry (Industrial, Food & Beverage, Coatings, Pharmaceutical), and Region (APAC, Europe, North America, South America, Middle East & Africa) - Forecast to 2027", is expected to grow from USD 131.7 million in 2018 and is projected to reach USD 237.8 million by 2027, at a CAGR of 6.8%. The growth of the succinic acid market is attributed to the growing chemical, food & beverage, and pharmaceutical industries.

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Key Market Players - 

BioAmber (Canada), GC Innovation America (US), Succinity GmbH (Germany), Reverdia (Netherlands), Nippon Shokubai (Japan), Shandong Lixing Chemical (China), Kawasaki Kasei Chemicals (Japan), Anqing Hexing Chemical (China),  Anhui Sunsing Chemicals (China), and Gadiv Petrochemical Industries (Israel) are the key players operating in the succinic acid market.

The petro-based succinic acid market is projected to account for the largest share during the forecast period.

Based on type, the succinic acid market has been segmented into petro-based succinic acid and bio-based succinic acid. Petro-based succinic acid is projected to be the largest segment of the market during the forecast period. The demand for petro-based succinic acid is high due to its cost-effectiveness and efficiency in various applications in the chemical industry, such as polyester polyols for manufacturing polyurethane, PBS, and personal care.

APAC is projected to register the highest CAGR, in terms of value, in the succinic acid market during the forecast period.

APAC is the fastest-growing market for succinic acid, in terms of both value and volume. High economic growth, growing manufacturing sector, cheap labor, increasing foreign investments, agreements/collaborations, and expansions, growing consumption of plastics, and a global shift in the production capacity from the developed markets to the emerging markets are the major factors leading to the growth of the succinic acid market in this region. China leads the succinic acid market in APAC. The consumption of succinic acid in the country has grown significantly and is expected to witness further growth during the forecast period.

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Expanded Polystyrene (EPS) Market worth $24.7 billion by 2027

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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Key Market Players - 

Major vendors in the EPS market include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands).

Building & construction to be the fastest-growing end-use industry during the forecast period

EPS possesses ideal physical and mechanical properties for most insulating needs. It is an excellent design element, an ideal choice for green building, offers tangible environmental advantages that can maximize energy efficiency, provides improved indoor environmental quality, and enhances durability. These factors make the building & construction industry the largest consumer of EPS.

APAC is expected to hold the largest market size in the EPS market during the forecast period

APAC has emerged as the leading consumer and producer of EPS because of the increasing demand from the domestic front and rising income levels. The easy availability of low-cost labor and economical & accessible raw materials are increasing the production of EPS in the region, thereby driving foreign investments. APAC is also the fastest-growing EPS market. The government proposals to improve public infrastructure and rising cash-intensive non-residential construction are positively impacting the market growth. The demand in APAC will further increase in the next five years because of several on-going and upcoming building & construction projects in the developing countries.

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Grey EPS is gradually penetrating the global market for the past 10 years. The less thermal conductivity and better insulation of grey EPS than white EPS are making it a preferable choice in the building & construction industry. Grey EPS has an additional elasticity that improves sound insulation and provides better thermal efficiency in comparison to the normal white EPS insulation.

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Market Leader - Caprolactam Market & Key Players - Global Forecast to 2027

The caprolactam market size is expected to grow from USD 13.1 billion in 2018 to USD 15.6 billion by 2023, at a CAGR of 3.59% during the forecast period. The major driving factors in the caprolactam market are the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies.

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The major caprolactam market players include AdvanSix Inc. (US), Alpek S.A.B. de C.V. (Mexico), The Aquafil Group (Italy), BASF SE (Germany), Capro Co. (South Korea), China Petrochemical Development Corporation (Taiwan), Domo Chemicals (Germany), Grupa Azoty (Poland), Gujarat State Fertilizers & Chemicals Limited (India), Highsun Group (China), KuibyshevAzot PJSC (Russia), Lanxess AG (Germany), Luxi Chemical Group Co., Ltd. (China), China Petroleum & Chemical Corporation (Sinopec) (China), Spolana (Czech Republic), Sumitomo Chemical Co., Ltd. (Japan), Toray Industries, Inc. (Japan), Ube Industries, Ltd. (Japan), and Zhejiang Hengyi Group Co., Ltd. (China). These players have adopted various growth strategies such as investment & expansion, merger & acquisition, contract & agreement, and partnership & collaboration, to expand their presence in the global caprolactam market. Investment & expansion and merger & acquisition were the most dominating strategies adopted by the major players from 2015 to 2018, which helped them innovate their offerings and broaden their customer base.

The nylon 6 fibers segment is projected to register the higher CAGR in the caprolactam market during the forecast period.

The nylon 6 fibers segment is the largest and fastest-growing application of caprolactam. Nylon 6 fibers are easy to dye, offer deep and bright shades, provide high strength, and are lightweight. These fibers are combined with elastane/spandex fibers to provide good stretch-fit properties. Caprolactam is initially processed to produce polyamide 6 fiber and is then further melted and spun to produce staple, tow, monofilament, and multi-filament form. The fiber has outstanding durability and excellent physical properties. Textile is an area of important end-use for polyamide. The most commonly used polyamide textiles are produced from polyamide 6, polyamide 66, and other co-polyamides. The excellent properties of caprolactam enable the end-product to exhibit pleasant tactical qualities, lighter weight, and higher strength.

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APAC is expected to account for the largest share of the caprolactam market during the forecast period.

APAC has emerged as the leading consumer and producer of caprolactam. The easy availability of low-cost labor and raw materials are driving foreign investments, which is increasing the production of caprolactam in the region. APAC is also the fastest-growing caprolactam market.

Caprolactam Market is Expected to Reach Worth $15.6 billion by 2023

The report "Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Industrial & Machinery, Wire & Cable), Region - Global Forecast to 2023"The caprolactam market is expected to grow from USD 13.1 billion in 2018 to USD 15.6 billion by 2023, at a CAGR of 3.59% during the forecast period. The major factors driving the caprolactam market include the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies.

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Key Market Players

The major players in the caprolactam market are AdvanSix Inc. (US), Alpek S.A.B. de C.V. (Mexico), The Aquafil Group (Italy), BASF SE (Germany), Capro Co. (South Korea), China Petrochemical Development Corporation (Taiwan), Domo Chemicals (Germany), Grupa Azoty (Poland), Gujarat State Fertilizers & Chemicals Limited (India), Highsun Group (China), KuibyshevAzot PJSC (Russia), Lanxess AG (Germany), Luxi Chemical Group Co., Ltd. (China), China Petroleum & Chemical Corporation (Sinopec) (China), Spolana (Czech Republic), Sumitomo Chemical Co., Ltd. (Japan), Toray Industries, Inc. (Japan), Ube Industries, Ltd. (Japan), and Zhejiang Hengyi Group Co., Ltd. (China).

Application - 

Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber)

The nylon 6 fibers segment is expected to account for the larger share of the caprolactam market.

The nylon 6 fibers segment is the largest and fastest-growing application of caprolactam.  Caprolactam is used widely in polyamide 6 for manufacturing washable domestic textiles. Polyamide 6 fabrics are dimensionally stable and smooth. The applications of polyamide 6 in the textile industry are classified into apparel, home furnishings, and industrial. Polyamide fabrics have properties such as high elasticity and resistance to mildew and moths. Due to these properties, they are used in nets, stockings, female underclothes, parachutes, and sporting garments, thereby, driving the demand for caprolactam.

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APAC is expected to account for the largest market share during the forecast period.

APAC has emerged as the leading consumer and producer of caprolactam. The APAC region is witnessing increased demand for luxury cars due to the increase in purchasing power of consumers. This has led to increased polyamide 6 demand in the region, which, in turn, is driving the nylon 6 engineering plastics segment. Prices for caprolactam are expected to rise in the APAC region due to anti-dumping sanctions imposed by the Government of China. These factors are further driving the demand for caprolactam in the region.

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New Product Launches, and Acquisitions was the Key Strategies Adopted by Major Players to Enhance their Presence and Market Shares in the Global Release Liners Market

Release Liners Market global release liners market was valued at USD 64.50 Billion in 2016, and is projected to reach USD 93.02 Billion by 2022, at a CAGR of 6.4% from 2017 to 2022. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.

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Expansion of production capacities, new product launches, and acquisitions was the key strategies adopted by major players to enhance their presence and market shares in the global release liners market from 2011 to 2017. This strategy accounted for a major share of all development strategies adopted by leading players during the above mentioned period. Key players operating in the global release liners market include The 3M Company (US), Mondi Group (Austria), Sappi Limited (South Africa), Munksjo Oyj (Sweden), Lintec Corporation (Japan), Polyplex Corporation (India), Eastman (US), Gascogne Laminates (France), UPM (Finland), and Loparex (US).

In May 2017, UPM launched honey glassine 45 and honey glassine 45 PEFC liners to improve their performance in food, retail, and logistics applications. These PEFC liners have a higher density, improved die cutting performance, and smoother running on label lines.  In April 2013, Polyplex Corporation set up a wholly owned distribution company in The Netherlands by the name of Polyplex Europe B.V. The distribution company is fully owned by Polyplex (Thailand) Public Company Limited (PTL). Through this expansion, the company aims to strengthen its market presence in EU.

In December 2016, MACtac Americas, LLC   a manufacturer and distributor of adhesive papers and films for printing in the US. This acquisition will help Lintec to enter the North American market for paper and films, and release liners. While developing products in the North American market, the company could utilize the brand image and sales and distribution network of MACtac.

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In November 2016, Munksjo Oyj acquired Ahlstrom Corporation, one of the leading suppliers of fiber-based products including filters and specialty papers. Through this merger, the company aims to serve a broad range of end-use industries with the diverse product portfolio and service offerings such as food and beverage packaging. The two companies would benefit from each other as they have a strong foothold in different geographies.

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Resin Capsules Market worth 1,256.2 Million USD by 2022

MarketsandMarkets projects the resin capsules market to grow from USD 1,010.0 Million in 2017 to USD 1,256.2 Million by 2022, after growing at a CAGR of 4.46% from 2017. The resin capsules market is fairly competitive due to the presence of large players who have a strong foothold in the market. Fluctuations in the prices of raw materials have made a significant contribution to the overall slowdown in the resin capsule industry.

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The global market for resin capsules is dominated by the presence of large players such as Sika AG (Switzerland), Orica Limited (Australia), Barnes Group Inc. (U.S.), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Arkema SA (France), and Hexion Inc. (U.S.). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market. Mergers & acquisitions formed the most adopted strategy by players during the study period of the competitive landscape.

The resin capsules market witnessed several mergers & acquisitions by key players to expand their product & service portfolios and improve their distribution network through acquisitions. Expansion & divestures formed the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets and through the divestment of the non-profitable or non-core business units to utilize resources in core business areas. The increase in demand for resin capsules, coupled with high development in the infrastructural construction growth in emerging markets, has encouraged companies to adopt this strategy.

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Market Dynamics

Drivers

• Increasing investments in the construction industry
• Rapid urbanization and industrialization stimulate the demand for resin capsules
• Increasing applications of resin capsules in the mining industry

Opportunities

• Mining sectors in Africa and Eastern Europe offer high-growth potential
• New product developments to offer high-growth potential

The year 2016 witnessed acquisitions in the resin capsules market by key players in order to expand their geographical footprint and improve the company’s distribution network through organic and inorganic growth strategies.

Dywidag-Systems International (Germany) acquired Jenmar Canada (U.S.), a provider of resin capsules to mining industry clients located all over the world. This acquisition was made with an objective to improve the company’s product portfolio, customer base, and technical expertise. It is focused on providing customized products to its customers, which gives the company a competitive edge.

Sormat OY (Finland), one of the top players in the resin capsule industry, aims to maintain its position in the market through expansions. In the last few years, Sormat OY has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the resin capsules market. The company, in December 2012, announced its acquisition of Liebig (Ireland) to improve its heavy-duty anchor product range.

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Evonik Industries (Germany) and Dow Corning (US) are the Key Players in the Silicone Surfactants Market

The silicone surfactants market is projected to reach USD 5.73 Billion by 2022, at a CAGR of 6.5% from 2017 to 2022. Increasing demand for silicone surfactants from the personal care segment has led to the growth of silicone surfactants market. Silicone surfactants are used in skincare, haircare, and personal hygiene products in the personal care industry. Major end-use industries of silicone surfactants include personal care, construction, textile, paints & coatings, and agriculture.

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Major companies operating in the silicone surfactants market include Evonik Industries (Germany), Dow Corning (US), Momentive Performance Materials (US), Wacker Chemie (Germany), Innospec (US), Shin-Etsu Chemical (Japan), Siltech (Canada), Elé (US), Elkem (France), Supreme Silicones (India), Silibase Silicone (China), and Jiangsu Maysta Chemical (China). These companies have principal operations in the Asia Pacific, North American, and European regions. They undertake organic and inorganic expansion strategies to increase their market shares. New product development is an essential strategy in this market to cater competitive products to the end-user industries.

Evonik Industries (Germany) is a leading manufacturer of silicone surfactants. The company has strong product offerings and major industry coverage across regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. It is one of the few companies offering biodegradable silicone surfactants, which provide super-spreading properties and are most suited for use in the personal care, paints & coatings, and agriculture industries. The company also offers silicone surfactants for polyurethane additives applications in rigid and flexible polyurethane foams. These foams are widely used in the construction industry.

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Dow Corning (US) is one of the largest manufacturers of silicone surfactants with significant geographic presence across the world. The company provides silicone surfactants majorly for polyurethane foam manufacturing, which is the largest application area of silicone surfactants. In June 2016, the company became a wholly-owned subsidiary of the Dow Chemical Company. This strategic move will increase the R&D expenditure of the parent company for new product development.

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Freudenberg Group (Germany) and Trelleborg AB (Sweden) are the Key Players in the Medical Processing Seals Market

Medical processing seals are an important part of almost every medical device & equipment, as they are used for various functions such as to prevent contamination & leakage and to reduce friction & abrasion, among others. The properties of medical processing seals such as excellent chemical resistance, stability at extreme temperatures & pressure conditions enable them to be used in different applications. These properties are thus expected to drive the demand for medical processing seals during the forecast period.

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The key players in the medical processing seals market include IDEX Corporation (US), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Trelleborg AB (Sweden), Parker Hannifin Corp (US), Minnesota Rubber and Plastics (US), Marco Rubber & Plastic Products, LLC (US), Morgan Advanced Materials Plc (UK), Bal Seal Engineering, Inc. (US), and Techno AD Ltd (Israel). The medical processing seals market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2018, which include expansion, new product development, and merger & acquisition.

Freudenberg Group is one of the leading manufacturers of medical processing seals. The company operates through three business segments, namely, seals and vibration control technology; nonwovens and filtration; household, and specialties and others business segments. The company offers sealing solutions for the medical industry through its subsidiary, Freudenberg Sealing Technologies. This company is a major player operating in the medical processing seals market. It offers a wide range of medical processing seals products, such as miniature dental O-rings and silicone O-rings, for the medical industry. The major advantage for the company is that it is backward integrated, and hence can easily formulate customized products according to the customers’ demands. It offers sealing solutions for various markets such as fluid technologies, heavy industries, mobile machinery, mobility, power, and others. The company offers medical sealing solutions through the fluid technology market.

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Trelleborg AB is among the key players in the medical processing seals market. The company has adopted growth strategies such as merger & acquisition, expansion, and new product development. It offers engineered polymer solutions used in sealing, damping, and protecting applications. The company offers sealing solutions for the medical industry through its subsidiary, Trelleborg Sealing Solutions. It has a strong product portfolio of seals including diaphragms, sanitary gaskets, O-rings, and custom molded products for the medical industry. The company is one of the leading medical seals manufacturing companies, globally. It has a strong geographical presence in more than 40 countries with 28 manufacturing facilities and 9 R&D centers in Europe and the Americas.

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Global Biodiesel Market Industry Leaders & New Revenue Pockets

The global biodiesel market is projected to reach USD 41.18 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel is a used as a fuel in pure form B100 or by forming blends with conventional petroleum diesel. These blends include B2, B5, and B20 that contain 2%, 5%, and 20% biodiesel, respectively. Biodiesel is environmental-friendly, non-toxic, and readily biodegradable fuel, as it is produced from natural elements such as vegetable oils, animal fats, and greases. It finds usage in end-use industries, such as automotive, power generation, marine, railway, agriculture, and mining. The growing demand for biodiesel from these end-use industries is expected to lead to its increased demand in the biodiesel market.

The demand for biodiesel is increasing from the transportation industry, as it increases lubricity, ensures complete fuel combustion, and reduces greenhouse gas emissions. Government initiatives to control air pollution have increased the consumption of biodiesel as a substitute for petroleum-based fuels.

The use of vegetable oils, such as soybean, rapeseed, and palm for producing biodiesel is increasing due to their easy availability in different countries. Vegetable oils are preferred feedstock, as they contain less saturated fat that makes them easy to process, thus reducing the manufacturing cost.

Europe is the largest market for biodiesel, followed by North America. The high demand in the Europe region can be attributed to the rising environmental awareness and government measures to reduce greenhouse gas emissions. The biodiesel market in Asia-Pacific is projected to witness highest growth from 2016 to 2021, due to the easy availability of feedstocks such as palm oil, waste cooking oil, and animal fat in the region.

Major players in the Biodiesel Market employed organic as well as inorganic growth strategies, such as expansions, acquisitions, agreements & joint ventures, and new product developments to expand their business. The key companies operating in this market are enhancing their presence in the emerging markets and strengthening their distribution network, globally. The growth strategies used by the market players are expected to lead to the sustainable growth of the biodiesel market in the future.

Archer Daniels Midland Company (U.S.), Wilmar International Limited (Malaysia), Bunge Limited (U.S.), Neste Corporation (Finland), Renewable Energy Group Inc. (U.S.), Louis Dreyfus Company (Netherlands), Cargill Inc. (U.S.), BIOX Corporation (Canada), Munzer Bioindustrie (Austria), and TerraVia Holdings Inc. (U.S.) are the key companies manufacturing biodiesel and have a strong foothold in the biodiesel market.

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