Chemical

Thursday, February 25, 2021

Sealing & Strapping Packaging Tapes Market worth $22.1 Billion by 2023 - MarketsandMarkets

The report "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023", The sealing & strapping packaging tapes market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, recording a CAGR of 4.89%. The rising demand for carton sealing tapes in the packaging industry, due to its wide range of applications including carton sealing, bundling, unitizing, pelletizing, and general packaging is projected to drive the demand for sealing & strapping packaging tapes. Furthermore, these tapes are economical alternatives to plastic and metal sealing & strapping tapes, which is further projected to boost its market growth.

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♦ Recent Developments

In November 2018, Intertape Polymer Group acquired the control of a 29% stake for USD 9.9 Million in Powerband (India). Acquiring a controlling interest in Powerband in 2016 provided the company with additional capacity for acrylic carton-sealing tapes in a low-cost manufacturing region to export these competitively-priced tape products to North America and Europe. Since then, having the overseas asset has enabled IPG to expand its market share in North America and negotiate better terms on raw materials for the US production of similar packaging tapes.

Asia Pacific to dominate the market during the forecast period.

China was the largest market for sealing & strapping packaging tapes, globally. The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The key factors driving the growth of the Asia Pacific sealing & strapping packaging tapes market include the booming packaging industry in countries such as China, India, Vietnam, Indonesia, and Japan, cheap labor cost, and availability of domestically produced raw materials. In addition, the growing demand for sealing & strapping packaging tapes in China, Japan, and India is driving by the ever-increasing awareness of sustainable and economical packaging, and rising disposable income is expected to create opportunities for the sealing & strapping packaging tapes market in the region.

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By Application,

Carton Sealing Tapes
Strapping & Building

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Friday, February 19, 2021

The Ultimate Revelation Of Luxury Vinyl Tiles (LVT) Flooring.

The luxury vinyl tiles (LVT) flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.4 billion by 2024, recording a CAGR of 11.7% from 2019 to 2024. The high growth of the construction industry across regions is projected to drive the market growth. Factors such as the increasing residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are projected to drive the demand for LVT flooring.

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Key Market Players

Key players such as Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US) adopted strategies that strengthen their product portfolios, expands their market presence, and enhances their growth prospects in the vinyl flooring market.

Recent Developments

In January 2019, Genflor launched Creation 30 and Creation 55, a new collection of LVT–Luxury Vinyl Tiles & Planks. The company offers a range of LVTs with more than 35 new colors and designs. It also consists of 10 formats of tiles & planks.
In July 2018, Mohawk Industries acquired Godfrey Hirst Group (Australia), a flooring company in New Zealand and Australia, to expand its global operations. The manufacturing, marketing, and distribution leadership of Godfrey Hirst’s will complement Mohawk’s current hard surface distribution channel and strengthen its product portfolio.
In June 2018, Interface introduced new global luxury vinyl tile (LVT), Drawn Lines. It offers a distinct pattern that incorporates biophilic elements into the floor design. Drawn Lines are available in ten different colors, namely, Smokey Quartz, Opal, Diamond, Bronze, Amber, Silver, Onyx, Aquamarine, Topaz, and Citrine.

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Key Questions Addressed by the Report:

What are the global trends witnessed in the LVT flooring market? Would the market witness a rise or decline in the demand in the coming years?
What is the estimated demand for different materials of vinyl flooring market products?
Where will the strategic developments take the industry in the mid to long-term?
What are the upcoming industry applications and trends for LVT flooring solutions?
Who are the major players in the vinyl flooring market globally?

Five Quick Tips For Plastic Waste Management Market (Worth $37.9 Billion By 2024)

The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. Factors such as economic growth, increasing urbanization, industrialization, and changing lifestyles of people have raised the levels of plastic waste generation, which has resulted in an increasing threat to the environment. The awareness about plastic waste management has increased significantly with the progress in consumer education and rising awareness about health & environment. The growing population and the growing income levels of people have generated new opportunities for the plastic waste management industry.

Recent Developments

In July 2019, SUEZ opened a packaging sorting plant in Germany. It is Europe's most advanced packaging sorting facility. The plant operations include sorting of lightweight packaging, with a capacity of 110,232 tons of waste. This expansion is expected to better the waste management processes in Germany.
In May 2019, LC Packaging (Netherlands) and Veolia Netherlands signed a strategic partnership for the reduction of flexible packaging waste globally.

Key Market Players

Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections Inc (Canada), Clean Harbors (US), Biffa (UK), Covanta Holding Corporation (US), Stericycle (US), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market.

Based on polymer type:

Polypropylene (PP)
Low-density polyethylene (LDPE)
High-density polyethylene (HDPE)
Polyvinyl chloride (PVC)
Polyurethane (PUR)
Polystyrene (PS)
Polyethylene
terephthalate (PET)
Others (thermoset and thermoplastics (not included in the above segmentation such as SPI code 7 plastics, melamine-formaldehyde, bakelite, and others polyester resins))

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In terms of value, the Asia Pacific plastic waste management market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific plastic waste management industry is projected to grow at the highest CAGR from 2019 to 2024, in terms of value. The growing population, rising GDP, and increasing disposable income in Asia Pacific are leading to the generation of more solid waste (including plastic waste), which, in turn, is creating opportunities for the market in the region. Infrastructural development in under-developed and developing countries of Asia Pacific is driving the growth of various methods of plastic waste management in this region.

Friday, February 12, 2021

How Will Paper Straw Market Be In The Future!

The report "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024" The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rising demand for sustainable, single-use disposable products & solutions in various end-user industries, such as foodservice, institutional, and household, and the increasing government reforms & campaigns to ban the use of plastics, are factors that are projected to drive the growth of the paper straw market across the globe. Moreover, the adoption & demand from consumers for the sustainable & environment-friendly straws boost the market further.

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Recent Developments

In October 2019, Transcend Packaging (UK) acquired the assets of BioStraw Ltd. (UK), a paper straw manufacturer. BioStraw (UK) will transfer all its production assets to Transcend Packaging. Further, this strategic initiative will widen their customer base for their products and strengthen their marketing and manufacturing capabilities for paper straws.
In May 2019, Hoffmaster Group, Inc. (US) acquired The Paper Straw Co (UK), a UK-based manufacturer of paper straws. Through this strategic acquisition, the company is projected to expand its operations in the European markets for paper straw products and increase its product portfolio for paper straws.
In May 2019, Huhtamaki Oyj (Finland) set up a paper straw production unit in Northern Ireland. The production plant is located in Antrim town, near Belfast, in Northern Ireland. This expansion aims to expand the company’s paper-based product portfolio, such as paper straws.

♦ Leading Key Players -

Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Footprint (US), Fuling Global Inc. (China), and Canada Brown Eco Products Ltd (China) are the key players operating in the paper straw market.

Tuesday, February 9, 2021

5 Latest Developments In Industrial Floor Coating Market.

The report "Industrial Floor Coating Market by Resin Type, Flooring Material (Concrete, Mortar, Terrazzo), Coating Component, Technology, End-use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2024" The global industrial floor coating market size is projected to grow from USD 5.5 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 4.6% from 2019 to 2024.

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Recent Developments

In December 2019, AkzoNobel acquired Mauvilac Industries Limited (Africa), a manufacturer of paint and coating. This initiative includes the acquisition of Mauvilac Industries’ local manufacturing facility, four concept stores, and a strong distribution network. This strategic initiative is expected to strengthen AkzoNobel’s footprint in Sub-Saharan African markets.
In October 2019, AkzoNobel introduced a new range of powder coating ‘Interpon Redox,’ which is an ideal solution for corrosion protection. This powder coating may be used to all array of surfaces, substrates, and environments (such as cable cars, window frames, wind turbines, and chemical plants).
In July 2019, AkzoNobel invested USD 4 million (3 million Euros) in Changzhou powder coatings plant in China, with an aim to enhance its production facilities as well as supply chain. Furthermore, the company invested in adding three new production lines at the same plant in China.

On the basis of technology

Water-borne
Solvent-borne

On the basis of end-use sector

Manufacturing
Aviation & transportation
Food processing
Science & technology
Others (car parks, hospitality, healthcare, and fire & public safety sectors)

On the basis of region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

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Thursday, February 4, 2021

Modular Construction Market worth $108.8 billion by 2025 (At a CAGR 5.75%)

The report "Modular Construction Market by Type (Permanent, Relocatable), Material (Steel, Concrete, Wood), Modules, End-Use (Residential, Retail & Commercial, Education, Healthcare, Office, Hospitality), and Region - Global Forecast to 2025", The global modular construction market size is projected to grow from USD 82.3 billion in 2020 to USD 108.8 billion by 2025, at a CAGR of 5.75% from 2020 to 2025. The growth of this market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives. Increase in population and rapid urbanization (translating to a large number of new construction projects) offer opportunities for the growth of the modular construction market. However, factors such as lack of awareness and volatility in transportation charges may inhibit the growth of the market.

53 market data Tables
50 Figures
220 Pages

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In terms of value & volume, Permanent modular building is estimated to dominate the modular construction market in 2019.

Permanent modular buildings, by type, accounted for the largest market share in the modular construction market. Permanent modular construction saves time and labor which are required for construction, thereby reducing the construction cost significantly. It also offers high quality control in comparison to on-side construction. These factors drive the demand for this construction technique.

In terms of value and volume, steel is projected to be the fastest segment in the modular construction market from 2020 to 2025.

Steel, by material, is thefastest-growing segment for modular construction market from 2020 to 2025, in terms of value and volume. Steel frames are also lighter in comparison to other wall materials, which allows building structures created from them to be craned and transported into a place in a more efficient manner, resulting in less disturbance to the local area and reducing cost. It is also recyclable, and hence, buildings made from steel can be easily dismantled. It is one of the most popular materials for use in relocatable buildings used as commercial buildings, warehouses, and retail outlets.

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♦ Key Market Players

Key players, such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany) have adopted various growth strategies, such as acquisitions, contracts, agreements, and new projects to increase their market shares and enhance their product portfolios.

Wednesday, February 3, 2021

Rain Gutter Market worth $7.9 Billion by 2025 - Exclusive Report by MarketsandMarkets™

According to the new market research report "Rain Gutter Market by Application (Residential, Commercial), Material Type (Aluminum, Steel, Vinyl, Fiberglass, Others), and Region (North America, Europe, Asia Pacific, MEA, South America) & region – Global Forecast to 2025", published by MarketsandMarkets™, the Rain Gutter Market size is estimated to be USD 7.0 billion in 2020 and projected to reach USD 7.9 billion by 2025, at a CAGR of 2.5%.

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Browse in-depth TOC on "Rain Gutter Market"

85 – Tables
44 – Figures
147 – Pages

Increasing repair and maintenance activities in developed regions couple with, coupled with growing construction industry, increasing demand for rainwater harvesting, are driving the demand for rain gutters. Moreover, the increasing consumer awareness about rainwater harvesting, increased damage due to hurricanes and excess rains; and growing health and f safety concerns across the globe play a key role in driving the growth of the rain gutter market.

The rain gutter market includes lesser Tier I and II suppliers like Gibraltar industries, and Lindab. However, there is a presence of majority local players due to the same the market is fragmented at regional level. These suppliers have their manufacturing facilities spread across various locations at regional levels. COVID-19 has impacted their businesses as well. Multiple small rain gutter manufacturers business has affected due to COVID-19. Industry experts believe that COVID-19 could affect construction industry by 20-30% globally in 2020. This also translates into a snowballing effect on the rain gutter market. This could lead to lower expenditure on replacement and new investments on external building structure and rain gutters along with slowing down the construction activity.

Higher need of housing construction and a greater number of individual houses built every year is expected to result in the residential segment occupying majority of the rain gutter market share.

The residential segment is expected to have the largest market share by value. This higher share is attributed to increasing housing construction and high demand for rainwater harvesting from residential applications.

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The fiberglass material segment is estimated to be the fastest growing material segment.

The fastest growth of fiberglass material is attributed to its various advantages over other materials such as high durability and negligible maintenance costs. The aluminium and steel materials are estimated to have the largest market share by value. Growth of this segment can be attributed to less/competitive pricing and durability.

Asia Pacific likely to emerge as the highest growing rain gutter market.

Asia pacific is forecasted to be highest growing market the high growth is attributed to the increasing construction activities in developing Asia Pacific countries such as, India, Indonesia, Thailand etc. Increasing hurricanes, high rainfalls and worst weather conditions are other factors driving demand for rain gutters in the region.

Lindab (Sweden), Gibraltar Industries Inc (US), KMEW Co. Ltd (Japan), Braas Monier Building Group (UK), Senox corporation (US) are the key players in the global rain gutter market.

Thursday, January 28, 2021

Precious Metals E-waste Recovery Market worth $11.8 billion by 2025

The report “Precious Metals E-Waste Recovery Market by Source(Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography - Global Forecast to 2025"The precious metals e-waste recovery market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious metals in emerging countries of Asia Pacific, demand from end-use industries and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market.

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Recent Developments

In October 2020, EnviroLeach Technologies Inc. announced a 100 MT per month waste printed circuit board feedstock agreement with an undisclosed European supplier. The undisclosed supplier is a major player in the electronic waste sector and has an extensive network of relationships across European and Asian markets. This development will help EnviroLeach Technologies to expand its geographic reach in European and Asian markets along with a steady supply of raw materials for precious metals recovery.
In August 2020, Sims Lifecycle Services, an operating segment of Sims Limited, announced the opening of its Tampa Innovation Center in Florida, US, the construction of which began in March 2019. This site is dedicated to the increasing redeployment, reuse, and recyclability of waste electronic and IT equipment, including data center materials. This additional facility will help the company to work with its North American clients closely along with providing sustainable solutions for waste electronics.

Copper is expected to be the fastest-growing metal segment of the precious metals e-waste recovery market.

Based on metal, the copper segment is projected to grow at the highest CAGR from 2020 to 2025. Use of copper in building construction, power generation and transmission, electronic product manufacturing, and the production of industrial machinery and transportation vehicles is expected to increase consumption of copper during the forecast period. Copper wiring and plumbing are also integral to the appliances, heating and cooling systems, and telecommunications links used every day in homes and businesses resulting in an increased consumption during the forecast period.

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Household Appliances is expected to be the fastest-growing source segment in the precious metals e-waste recovery market.

Based on source, the household appliances segment is expected to grow at the highest CAGR from 2020 to 2025. Household appliances are electric and electromechanical devices which assist in homemaking and home functions such as cooking, cleaning and food preservation. Increasing population, urbanization and rising disposable income are projected to increase demand for electronic household appliances during the forecast period.

Some of the leading players operating in the precious metals e-waste recovery market include Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan) among others.

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

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.

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.