Chemical

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.

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Monday, May 17, 2021

Protective Packaging Market worth $37.0 billion by 2027 | At A CAGR of 4.31%

The protective packaging market size is projected to grow from USD 24.3 billion in 2017 to reach USD 37.0 billion by 2027, at a CAGR of 4.31%.

The report "Protective Packaging Market by Material (Foam Plastics, Paper & Paperboard), Type (Flexible, Rigid, Foam), Function (Cushioning, Blocking & Bracing, Void Fill), Application (Food & Beverage, Consumer Electronics), and Region – Global Forecast to 2027"

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Target audience

Manufacturers of protective packaging
Importers and exporters of protective packaging
Traders, distributors, and suppliers of protective packaging
End users (food & beverage, healthcare, industrial goods, automotive, household appliances, and consumer electronics industries)

Based on application, the market has been segmented as follows:

Food & beverage
Health care
Industrial goods
Automotive
Household appliances
Consumer electronics
Others

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“Asia Pacific to be the largest share in the protective packaging market by 2027”

On the basis of key regions, the protective packaging market is segmented into North America, Western Europe, Eastern Europe, Nordics, Asia Pacific, South America, Middle East, and Africa. The Asia Pacific region is estimated to account for the largest share among all the regions in 2017, and is projected to grow at the highest rate from 2017 to 2027, in terms of value. This can be mainly attributed to the increase in demand for protective packaging in China and India coupled with the growth in the food & beverage industry in these countries. The urbanized population is shifting its preference to healthy and safe packaged foods owing to the rise in disposable incomes.

Thursday, April 29, 2021

Plastic Waste Management Market worth $37.9 billion by 2024 | Rising Demand Growth Trend Insights

The report "Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region - Global Forecast to 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. The increasing urban population, rapid industrialization, growing concern toward the environmental impact of the improper disposal of plastic waste, along with laws & regulations regarding disposal and treatment of plastic waste, have propelled the growth of the global plastic waste management industry.

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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.

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 service:

Collection & transportation
Recycling
Incineration
Landfills

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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))

Thursday, April 22, 2021

Dewatering Equipment Market worth $5.4 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

The report "Dewatering Equipment Market by Type (Sludge (Application (Industrial,Municipal), Technology (Centrifuges, Belt Presses,Filter Presses, Vacuum Filters,Drying Beds,Sludge Lagoons)), Others (Paper, Plastic)), and Region - Global Forecast to 2025", The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market growth is driven by rising environmental awareness and stringent regulatory laws regarding sludge disposal.

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Dewatering is one of the primary wastewater treatments, wherein the separation of water from solids takes place. This method is also used to separate water from a construction site. In the construction industry, the selection of the technique for dewatering depends on factors such as excavation dimensions, the soil type, and the groundwater control requirements.

The world’s population is increasing, with a concentration in urban areas intensifying, particularly in the developing countries of Asia and Africa. The cities of these countries produce billions of tons of waste every year, including sludge and wastewater. However, data on these waste streams are scarce and scattered with only a few exceptions. Municipal wastewater and sludge contain valuable resources, such as water, organic matters, energy, and nutrients, which can be recovered for diverse economic and environmental purposes. But prior to use, these wastewater and sludge need to be pre-treated to remove harmful chemicals and pathogens.

In the previous edition, the dewatering equipment market report was segmented on the basis of By Type (Sludge (Application (Industrial, Municipal), Technology (Centrifuges, Belt Presses, Filter Presses, Vacuum Filters, Drying Beds, Sludge Lagoons)), Others (Paper, Plastic)), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America).

In the latest edition, the market sizing and forecasting include the segmentation of the market on the basis of application, type, technology, and region.

Based on the Type:

· Sludge Dewatering

· Other Dewatering (Paper Dewatering, Plastic Dewatering)

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Based on the Application:

· Industrial

o Refineries

o Mining

o Petroleum

o Chemical & Pharmaceuticals

o Food & Beverages

o Others(Paper & Pulp, Textile)

· Municipal

o Residential

o Commercial

Based on the Technology:

· Centrifuges

· Belt Presses

· Filter Presses

· Vacuum Filters

· Drying Beds

· Sludge Lagoons

· Others (Rotary Press, Screw Press)

Thursday, April 15, 2021

Paper Straw Market worth $1,687 million by 2024 | At a CAGR of 23.6%

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 rise in demand for paper straws for various end-use applications in the foodservice, institutional, and household industries is a key factor that is projected to drive the growth of the paper straw market across the globe. In addition, factors such as growing consumer demand for environmental-friendly straws, rising government reforms & campaigns to ban plastic straws, and growing intolerance toward the use of plastic straws are projected to contribute to the growth of paper straws during the forecast period.

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Browse 140 Market Data Tables and 34 Figures spread through 181 Pages and in-depth TOC on "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 "

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.

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On the basis of end-use application, the paper straw market has been categorized as follows:

Foodservice
Institutional
Household

On the basis of region, the paper straw market has been categorized as follows:

North America
Europe
Asia Pacific
Middle East & Africa
South America

Thursday, April 8, 2021

Digitally Printed Wallpaper Market worth $7.5 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

In 2020, the global digitally printed wallpaper market size is estimated at USD 2.9 billion and projected to reach USD 7.5 billion by 2025, at a CAGR of 21.1% from 2020 to 2025. The major drivers for the market include increase in urbanization and rising construction activities. However, competition from paint & coating manufacturers restrains the market growth. Moreover, the increasing growth in commercial and marketing sectors is expected to propel the market for digitally printed wallpaper.

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Recent Developments

In October 2019, Muraspec Wallcoverings launched three new wallcovering designs Tweed, Sorrento, and Novaro.
In September 2019, Muraspec launched two new wallcovering designs Herringbone and Accor, made from specialty inks for the luxury segment
In January 2019, the Meraspec Group launched new wallcovering collection Cantari. The company is adopting new product development as a growth strategy to strengthen its product portfolio and attract more customers
In November 2018, Rasch GmbH & Co. KG added new wallpapers, such as Boutique floral, hex geo, wide stripe and ELSA, to its Portfolio Paper Collection

On the basis of sustrate:

Nonwoven
Vinyl
Paper
Others (Glass Fiber, Canvas, and Grass Cloth)

On the basis of end-use sector:

Non-residential
Residential
Automotive & Transportation

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Covid-19 Impact On The Global Digitally printed wallpaper Market

The outbreak of COVID-19 has now spread across major Asia Pacific, European, and North American countries, affecting the market for digitally printed wallpaper since most global companies have headquarters in these regions. COVID-19 had disrupted the supply chain, which had slowed down market growth due to a lack of raw materials and unavailability of manpower. The lockdown in major countries due to this pandemic has also led to shutting down of the production facilities of wallpaper substrates and other raw materials as these were not considered as essential products.

Key Market Players

Major companies such A.S. Création Tapeten AG (Germany), Muraspec Group (UK), Tapetenfabrik Gebr. Rasch GmbH & Co. KG(Germany),MX Display (UK), 4Walls (US) Flavor Paper (US), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US) and among others, are key players in the digitally printed wallpaper market. These players have been focusing on developmental strategies, such as new product launches and investments which have helped them expand their businesses in untapped and potential markets.

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.

Thursday, March 25, 2021

Caprolactam Market worth $17.7 billion by 2027 | Rising Demand Growth Trend Insights for Next 5 Years

The report "Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Consumer Goods, Industrial & Machinery, Wire & Cable), Films), Region - Global Forecast to 2027", The caprolactam market is expected to grow from USD 13.1 billion in 2018 to USD 17.7 billion by 2027, at a CAGR of 3.2% 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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♦ Recent Developments

In May 2018, Aquafil and Genomatica announced the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks.

In February 2018, Aquafil signed an agreement with INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers, and fibers, to acquire certain tangible and intangible assets related to INVISTA’s nylon 6 business activity in APAC. This will accelerate Aquafil’s investment program in APAC, which has the highest potential, in terms of demand growth for synthetic fibers.

♦ Key Questions Addressed by the Report

Who are the major market players in the Caprolactam market?
What are the regional growth trends and the largest revenue-generating regions for the Caprolactam market?
Which are the significant regions for different industries that are projected to witness remarkable growth for the Caprolactam market?
What are the major types of Caprolactam that are projected to gain maximum market revenue and share during the forecast period?
Which is the major application where Caprolactam are used that will be accounting for the majority of the revenue over the forecast period?

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Monday, March 22, 2021

Modular Construction Market Worth $108.8 Billion By 2025 - Rising Demand Growth Trend Insights for Next 5 Years

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.

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Recent Developments

In June 2020, Algeco Group strengthened its Nordic presence by announcing the acquisition of Wexus Group AS (Norway) from Norvestor Equity AS and other shareholders. Wexus is a leading provider of high-quality modular building solutions in the Nordic region. Headquartered in Norway, Wexus also has operations in Sweden and a modern production facility in Estonia. Wexus operates a fleet of 1,600 units, had 110 employees and revenues of USD 33.6 million in FY2019.
In December 2019, Fluor announced that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. fabrication yard in Zhuhai, China, safely completed the entire module program for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait. To achieve this, COOEC-Fluor delivered 188 modules in 20 separate shipments with a combined weight of 65,000 metric tons. In addition, the yard fabricated more than 95,000 pipe spools of carbon, alloy, and stainless steel pipe, which will be installed by the project team at the site.
In October 2019, ATCO Structures & Logistics opened a custom-built manufacturing plant and hire yard facility on the Gold Coast, Queensland. The state-of-the-art factory is the latest in a series of new and modern ATCO facilities, including plants in Perth and Santiago, Chile…

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Key Questions Addressed by the Report:

What are the global trends in the modular construction market? Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different end-use sectors of modular construction?
Where will the strategic developments take the industry in the mid to long-term?
What are the upcoming industry applications and trends for modular construction?
Who are the major players in the modular construction market globally?

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

Thursday, March 4, 2021

What Will The 3D Concrete Printing Industry Be Like In The Next 5 Years?

The report "3D Concrete Printing Market by Offering (Printing Services, Materials), Technique (Extrusion-based, Powder-based), End-use sector (Building, Infrastructure) and Region (Americas, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The 3D concrete printing market is estimated to grow from USD 1.2 million in 2018 to USD 1,480.5 million by 2023, at a CAGR of 317.3%. The market is projected to witness exponential growth in the next few years due to the rise in demand for complex structures at affordable rates, rapid urbanization, and rise in demand for new construction projects across regions. The potential of 3D concrete printing technology in terms of mass customization and enhanced architectural flexibility, and its sustainable nature are some of the key factors that are expected to propel the growth of the 3D concrete printing market.

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The building sector is estimated to dominate the market, in terms of value, through 2023.

The building sector dominated the market in 2017 and this trend is projected to continue through 2023, as a result of the rise in demand for affordable homes and growing trend toward the development of complex building structures. The demand for new construction projects has increased steadily in the recent past and is expected to further increase in the coming years, owing to the rapid urbanization and the rising population. These factors are expected to fuel the demand for 3D concrete printing in the building sector.

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The Middle Eastern market for 3D concrete printing is projected to grow at the highest CAGR from 2018 to 2023.

The Middle East is projected to be the fastest-growing market for 3D concrete printing during the forecast period. The growth in the region can be attributed to the supportive government initiatives such as “Dubai 3D Printing Strategy” and the demand for affordable houses within the region. The UAE is projected to grow at the highest CAGR in the Middle Eastern 3D concrete printing market during the forecast period. The Asia Pacific market is projected to grow at the second-highest CAGR between 2018 and 2023.

♦ Leading Key Players -

The key players operating in the 3D concrete printing market include Winsun (China), XtreeE (France), Monolite UK (UK), Apis Cor (Russia), CSP s.r.l. (Italy), CyBe Construction (Netherlands), and Sika (Switzerland). These players possess enhanced 3D concrete printing capabilities and focus on creating awareness about this dynamic technology. New projects, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by key players operating in the 3D concrete printing market.