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Sulfur Dyes Market Segment: Share, Size, Trends, Demand, Key Player profile and Regional Outlook by 2027

Sulfur dyes are synthetic organic dyes that are produced by reacting sulfur with amines and phenols. They are generally water-insoluble but can be miscible in water by reacting with sodium sulfide in alkaline medium which are known as sulfur dyes. Such dyes offer high absorption capacity, easy availability, easily washable, and ease in application.

The global sulfur dyes market has been segmented on the basis of form, color, product type, application, and region. Based on form, the global sulfur dyes market has been classified into granular, powder, liquid, pre-reduced powders, dispersed pastes, and others. The powder segment accounted for the largest market share in 2017 owing to the easy in manufacturing process and ability to be produced in different strengths. It is widely used for dyeing cotton and other fabrics. The liquid segment is projected to be the fastest-growing segment due to its rapid absorption in the fabric and easy transportation.

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On the basis of color, the global sulfur dyes market has been divided into black, blue, brown, green, and others. Among these colors, the black color segment dominated the global market in 2017 and is expected to grow at a healthy CAGR during the forecast period owing to its application in vast range of fabrics and cost-effective nature.

By product type, the global sulfur dyes market has been segmented into leuco sulfur dyes, condensed sulfur dyes, solubilized sulfur dyes, and others. The leuco sulfur dyes segment held the largest market share in 2017 and is expected to grow at a significant CAGR in the following years. Leuco sulfur dyes is treated under the reduction reaction with sodium sulfide or sodium hydrosulfide to make it water-soluble. After absorption, they are again converted to insoluble compound and can be easily washed. Solubilized sulfur dyes also account for a substantial market share owing to its use in dyeing of leathers.

Based on application, the global sulfur dyes market has been categorized into textile, leather processing, paints and coating, plastic, paper, printing ink, ceramics, and others. The textile segment dominated the market in 2017 and is expected to grow at a high CAGR in the coming years owing to the surging demand of sulfur dyes in dyeing cotton, yarns, fabric, nylon, and others. Leather processing and paints and coating segments are projected to register significant market share in the following years owing to the affinity of sulfur dyes to leather leading to rapid absorption.

Market Segmentation

The global sulfur dyes market has been categorized based on form, color, product type, end-use industry, and region.

On the basis of form, the global sulfur dyes market has been segmented into granular, powder, liquid, pre-reduced powder, dispersed pastes, and others.

By color, the global sulfur dyes market has been categorized into black, brown, blue, green, red, and others.

Based on product type, the global sulfur dyes market has been divided into leuco sulfur dyes, condensed sulfur dyes, solubilized sulfur dyes, and others.

By application, the global sulfur dyes market has been classified into textile, leather processing, paints and coating, plastic, paper, printing ink, ceramics, and others.

The global sulfur dyes market has been studied for five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global agricultural biologicals market is studied for five major regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific market registered the largest market share in 2017 and is projected to be the fastest-growing market during the forecast period. China is the leading country in the region owing to the presence of leading manufacturing companies such as Sinochem tianjin Co., LTD, TIANJIN SHENYUAN CHEMICAL CO., LTD, and Bengbu Yongyan Dyes & Chemicals Co., Ltd. India is the second-largest producer and consumer in this region owing to its increasing population and surging demand of sulfur dyes in end-use industries.

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Competitive Analysis

Venus Dye Chem (India), ABS Laboratories (India), Atul Ltd (India), Bhanu Dyes Pvt. Ltd. (India), Apex Industries (India), APCO DYE CHEM PVT. LTD. (India), Qingdao Sanhuan Colorchem CO.,LTD (China), Sinochem tianjin Co., LTD (China), Archroma Brand & Performance Textile Specialties (Singapore), NIPPON KAYAKU Co., Ltd. (Japan), TIANJIN SHENYUAN CHEMICAL CO.,LTD (China), Bengbu Yongyan Dyes & Chemicals Co., Ltd. (China),  and others are some of the key players operating in the global sulfur dyes market.

Hybrid Composites Market Trends: Share, Size and Growth by 2027

The global hybrid composites market has been segmented by fiber type, resin type, end-use industry, and region.

By fiber type, the global hybrid composites market has been segmented into carbon/glass, carbon/aramid, metal/plastic, wood/plastic, HMPP/carbon, UHMWPE/carbon, and others. Although carbon-aramid reinforced epoxy offers high strength and impact resistance, the glass-carbon reinforced epoxy is leading the market owing to its low cost and is extensively used in high-end vehicles.

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On the basis of the resin type, the market is segmented into thermoplastic and thermosetting. The thermoplastic resin type was dominating the market in 2017 on account of its ease of recyclability, low curing time, high strength, and increased rigidity.

Based on end-use industry, the market has been segmented into aerospace & defense, building & construction, automotive & transportation, wind energy, marine, and others. Rapid industrialization and the increasing commercial and residential building and construction activities across the globe is expected to increase the demand for hybrid composites during the forecast period. Furthermore, the demand for lightweight automobile and aircraft dur to pertaining regulations for environment protection is driving the market.

Regional Analysis

The hybrid composites market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the global hybrid composites market in 2017 on account of the high demand from major end-use industries such as automotive and construction in the region.

The North American market is expected to witness significant growth due to the demand from the aerospace, construction, and automotive industries.

The market in Europe is expected to drive product demand due to the high production and trading of automotive parts in countries such as Germany, UK, France, and Italy.

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Competitive Analysis

Some of the manufacturers operating in the global hybrid composites market are Royal DSM (the Netherlands), SGL Group – The Carbon Company (Germany), Gurit (Switzerland), Hexcel Corporation (US), TEIJIN LIMITED (Japan), Exel Group World Wide (Finland), Solvay (Belgium), PlastiComp, Inc. (US), Innegra Technologies, LLC (US), and Quantum Composites (US).

Impregnating Resins Industry: Research Report, Demand, Segments, Key Player profile and Regional Outlook by 2027

The Global Impregnating Resins Market has been segmented by type, application and region. Based on product, the market has been segmented into solvent-based, solvent less, and others. Solvent less accounted for the fastest growing segment in 2017 and is expected to grow at a significant CAGR during the review period. This growth can be attributed to the increasing demand in electrical and electronics industry due to superior benefits such as high reactivity, excellent stability, low viscosity, room temperature impregnation, high resin film builds and slot fill, and advanced technical properties among others. It helps in reducing VOC emissions. Also, the market players have developed new generation water based impregnating resins to reduce VOC emissions.

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Based on application, motors and generators segment accounted for the largest share of the global impregnating resins in 2017 and is likely to grow at a healthy rate during the forecast period on account of increasing demand in industries and residential sector. Automobile components is expected to be the fastest growing segment owing to increased production of electric vehicles to reduce carbon emissions globally.

Regional Analysis

Based on region, the Impregnating Resins Market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest share of the Impregnating Resins Market on account of the growing end-use industries in the region, especially the chemicals, automotive, and agriculture industries among others. An expanding population base and rising disposable income of consumers are the other factors driving market growth.

North America is a prominent market for impregnating resins due to the reviving automotive industry due to rising demand for electric vehicles.

The European market is expected to grow at a considerable rate during the review period. The automotive and electrical and electronics industries in the eastern Europe countries are driving the market growth.

The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.

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Competitive Analysis

Some of the key players in the Global Impregnating Resins Market are Von Roll Holding AG (Switzerland), Axalta Coating Systems (US), 3M (US), ALTANA (Germany), AET (Poland),  Hitachi Chemical Co., Ltd.(Japan), Wacker Chemie AG (Germany), Kyocera Corporation (Japan), Vuki a.s. (Slovakia), and Bodo Möller Chemie GmbH (Germany).

High-Density Polyethylene Market Analysis: Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

Market Segmentation

The global high-density polyethylene (HDPE) market has been segmented by product type, end-use industry, and region. Based on product type, the market has been segmented into blow molded HDPE, injection molded HDPE, HDPE pipes, HDPE sheets, HDPE films, and colored HDPE and others.  Blow molded HDPE segment accounted for the largest share of the global HDPE market in 2017 and is expected to register a healthy CAGR during the review period. This market growth can be attributed to the increasing use in packaging applications due to their superior properties such as flexibility, transparency, and high chemical resistance among others. HDPE films segment is expected to be the fastest growing segment of the global HDPE market on account of increasing use in packaging applications.

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Based on end-use industry, the market has been segregated into packaging, automotive and transportation, building and construction, electrical and electronics, healthcare, industrial machinery, consumer goods and others. Packaging accounted for the largest share of the global HDPE market in 2017. The growth of the segment can be attributed to the widespread use of packaging in the food & beverage, healthcare, cosmetics & personal care, home care, and e-commerce industries. Automotive and building & construction is expected to register substantial growth rates during the forecast period with increasing adoption of lightweight material in the latter industries.

Regional Analysis

Based on region, the HDPE market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest share of the HDPE market on account of the growing end-use industries in the region, especially the packaging, construction, automotive and electrical & electronics. Furthermore, a fast growing FMCG market in the region with the increasing disposable income of the consumers is expected to drive the demand.

North America & Europe are prominent markets for HDPE due to the increasing demand for automotive plastics. Also, a reviving construction industry in the US is expected to drive the demand.

The markets in Latin America and the Middle East & Africa are likely to register fastest growth rates during the review period as a result of the growing end-use industries coupled with expanding construction and packaging industries in the regions.

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Competitive Analysis

Some of the key players in the global HDPE market are Reliance Industries Limited. (India), Exxon Mobil Corporation (US), DowDuPont (US), LyondellBasell Industries Holdings B.V. (The Netherlands), INEOS Group Holdings SA (UK), SABIC (Saudi Arabia), Petronas Chemicals Group Berhad (Malaysia), China Petrochemical Corporation (China), Mitsui Chemicals Inc. (Japan), and Chevron Phillips Chemical Company (US).

Gas Separation Membrane Market: Share, Size, Trends, Demand, Key Player profile and Regional Outlook by 2027

Membranes are used for a wide range of gas separation applications including acid gas removal, hydrogen recovery, biogas treatment (upgrading), separation and production of various industrial gases such as nitrogen, oxygen, helium, and argon. In the recent times, removal or capturing of CO2 gas from flue gas or syngas using membrane separation technology is gaining popularity. A variety of membrane materials and processes have been developed for this application, including polymeric, organic, inorganic, and hybrid membranes. Polymeric membranes are widely used, owing to its relative low cost, easy installment, and good processability.

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Market Segmentation

The global gas separation membrane market has been categorized on the basis of material type, application, end-use industry, and region.

By material type, the market has been segmented into porous inorganic, polymeric, microporous organic, hybrid, and others. The porous inorganic segment is further classified into metal, zeolite, ceramics, and alumina. The polymeric segment is further sub-divided into polyimide, cellulose acetate, and polysulfone. In 2017, the polymeric segment accounted for the largest share of the market for material type segment. This can be attributed to the largescale consumption of polyimides for CO2 separation membranes. Furthermore, this material exhibits good physical properties such as good mechanical strength, high thermal and chemical stability, and easy fabrication into a membrane.

On the basis of application, the global gas separation membrane market has been classified into industrial gases separation, CO2 removal, acid gases separation from natural gas, hydrogen recovery, hydrocarbons recovery, and others. The CO2 removal segment accounted for the largest share of the market in 2017. The major factors favoring growth of this segment are stringent government regulations to curb CO2 emissions and membrane technology being the most effective separation technique available for this purpose.

Based on end-use industry, the global gas separation membrane market has been categorized as chemical, oil & gas, electric power, food & beverages, and others. The electric power segment is projected to be the leading end-use industry segment during the forecast period.

Regional Analysis

The global gas separation membrane market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the leading regional market during the forecast period. Increasing demand for CO2 trapping to control global warming and significant growth of the natural gas production in the region are estimated to be the key drivers of the market.

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Competitive Analysis

The leading players in the global gas separation membrane market are Membrane Technology and Research Inc (US), Ube Industries Ltd (Japan), Schlumberger Limited (US), Air Liquide Advanced Separation (US), Air Products and Chemicals Inc (US), Evonik Industries AG (Germany), SRI International (US), Honeywell International Inc (US), Generon IGS Inc. (US), DIC Corporation (Japan), and FUJIFILM Manufacturing Europe BV (the Netherlands)

Polyurea Coatings Market Segment: Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

Polyurea coatings are applied to increase the durability of substrates from external conditions. Polyurea coatings offer various advantages such fast setting rate, more thickness of coatings, high weather resistance over conventional coatings, and eco-friendly. Furthermore, it exhibits excellent abrasion resistance, chemical resistance, moisture resistance, high strength, and corrosion resistance over conventional coatings. Growing popularity of eco-friendly products among developed countries is expected to drive the global polyurea market over the forecast period. Additionally, a wide range of applications in end-use industry such as building & construction, automotive, industrial, and chemical is expected to drive the global polyurea market over the forecast period 2018-2023.

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Market Segmentation

The global polyurea coatings market is segmented by type, raw material, technique, end-use industry, and region.

On the basis of the type, the global polyurea coatings market is bifurcated into pure polyurea coatings and hybrid polyurea coatings. The hybrid polyurea coatings are projected to hold the largest share of the market due to its low cost, excellent moisture & abrasion resistance, and superior compatibility with metal & concrete structures for applications in building & construction, industrial, automotive, and chemical industry.

On the basis of the raw material, the global polyurea coatings market is segmented into aromatic isocyanate and aliphatic isocyanate. The aromatic isocyanate-based polyurea coating is accounted for the largest share of the raw material used category due to the low cost of the product.

On the basis of the technique, the global polyurea coatings market is segmented into spraying, pouring, and hand mixing. The spraying technique accounted to have the largest market share in 2017 due to advantages over other techniques such as uniform coating thickness, less application time and increase performance efficiency and is expected to continue dominating the market during the forecast period 2018-2023. Pouring technique accounted to be the second most widely used technique after spraying technique in 2017 and is expected to show significant demand during the forecast period. Moreover, hand mixing technique is adopted in areas requiring special skills such as decorative floorings, anti-static floorings, and industrial floorings, and its market is expected to show moderate growth during the forecast period.

On the basis of the end-user industry, the global polyurea coatings market is segmented into building & construction, automotive, industrial, chemical, and others. The building & construction segment dominated the global market in 2017. Furthermore, it is expected to continue leading the market over the forecast period due to a broad range of applications in waterproofing buildings, waterproof roofing, car parking, decks, containment liners, bridges, dams, and offshores among others on account of high weather resistance, moisture resistance, corrosion resistance, and abrasion resistance properties.

Regional Analysis

The global polyurea coatings market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. 

North America is expected to be the largest market for polyurea coatings across the globe followed by Europe, which is further trailed by the Asia Pacific.  However, Asia Pacific is expected to be a fastest growing market for polyurea coatings owing to the huge growth potential of emerging economies.

The Middle East & Africa is expected to witness a steady demand for polyurea coatings over the forecast period.

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 Latin America is expected to exhibit a significant demand for polyurea coatings in the coming years.

Competitive Analysis Some of the key players in the global polyurea coatings market are VersaFlex Incorporated and The Polyurea People (U.S.), The Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), Rhino Linings Corporation. (U.S.), KUDKO CHEMICAL CO. LTD. (South Korea), Huntsman International LLC. (U.S.), Armorthane (U.S.), Rust-Oleum (U.S.), SPI Performance Coatings (U.K), and Lse Building Preservation Ltd (U.K.).  

Spunbond Nonwoven Market Trends: Demand, Segments, and Industry Analysis by 2027

Global spunbond nonwoven market is segmented on the basis of the function, method, polymer type, application, and region.

On the basis of the function, the global spundbond nonwoven market is bifurcated into disposable and non-disposable. The disposable spunbond nonwoven is leading the market due to the environment concerns associated with non-disposable products.

Spunbonding is achieved through a sequence of three processes: heating, flowing, and cooling. The different heating methods are used while manufacturing spunbond nonwoven include conduction, convection, and radiation. The conduction is used for calendar bonding, convection for bonding medium and heavyweight nonwovens, whereas radiant heating systems are used for various applications where instant heating and concentrated heating zones are required.

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Spunbonding is carried out of various types of polymers such as polypropylene, polyester, nylon, polyethylene, polyurethane, and rayons. The polypropylene is the dominating type due to its high yield (fiber per kilogram) and low cost. The polypropylene scrap is readily recycled in spunbonding manufacturing.  However, the polyester offers better quality products at higher cost.

The global spunbond nonwoven market is also segmented on the basis of its application into medical & personal care, automotive, agriculture, geo-textiles, industrial, packaging, and others. The medical & personal care segment is holding the major share of the global market owing to the use in manufacturing wet wipes, absorbent hygiene products, surgical masks, gowns, sanitary napkins, and drapes.  The product is extensively consumed in the manufacturing of interiors, seating components, door trim panels, airbag covers, carpets, and insulation in the automotive. It is also used in crop cover, fruit net, shade net, and others, which are expected to drive the product demand in the agriculture sector. The increasing demand for polyester felts, filtration, and separators in geo-textiles is likely to fuel the market growth. Similarly, the market is expected to experience high demand from the electronics sector for industrial insulation, protective applications, and cable wrapping.

Regional Analysis

The global spunbond nonwoven market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the major share of the global spunbond nonwoven market in 2016 due to high demand from major end-use industries such as personal care, automotive, agriculture, and others in the region.

The high demand from the healthcare and automotive industries in the U.S. and Canada is expected to drive the North American market over the forecast period 2018-2023.

The growth of the European market is attributed to the increased product demand from the healthcare and automotive sector in the Western European region.

The Latin American market is expected to witness a high growth owing to the high demand for spunbond nonwoven from the personal care and automotive sector.

The increasing infrastructural and construction activities in the GCC countries is likely to fuel the product demand in the manufacturing of geo-textiles.

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Competitive Analysis

Some of the manufacturers operating in the global spunbond nonwoven market are PEGAS NONWOVENS Czech s.r.o. (Luxembourg), DuPont (U.S.), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), Schouw & Co. (Denmark), TORAY INDUSTRIES, INC. (U.S.), Mogul Co., Ltd. (Turkey), KURARAY CO., LTD. (Japan), Kolon Industries, Inc. (South Korea), Berry Global Inc. (U.S.), Radici Partecipazioni SpA (Italy), KCWW (U.S.), Avgol Ltd. (Israel), Fitesa S.A. (Brazil), and Sunshine Nonwoven Fabric Co., Ltd. (China).

Aramid Fiber Industry: Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2027

Aramid fibers are polyamides containing at least 85% amide linkages directly attached to aromatic rings. Various types of aramid fibers include meta and para aramid fiber. Meta-aramid fiber is projected to be the leading segment due to its high use in electrical insulation and security & protection applications. These aramid fibers have properties such as high thermal, chemical resistance, and dielectric coefficient, which makes them suitable for fire resistant clothing and electric insulation. Among the various applications of aramid fiber, the security & protection is the leading segment owing to the high demand for protective clothing in defense and industrial sectors. The optical fiber and electric insulation together hold a significant market share on account of the high demand for electronics and consumer goods along with the high disposable income and changing lifestyle. They find their use in major end-use industries such as aerospace, defense, and automotive. The increasing R&D in aerospace sector has augmented the market growth. Furthermore, the demand for lightweight, durable, and efficient automotive is projected to fuel the global market growth during the review period.

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Market Segmentation

The Global Aramid Fiber market is segmented on the basis of the type, application, and end-user industries.

Based on the type, the global aramid fiber market is segmented as meta-aramid, para-aramid, and others.

The market is segmented on the basis of its application into security & protection, frictional materials, rubber reinforcement, optical fiber, electrical insulation, and others.

On the basis of the end-user industries, the global aramid fiber market is segmented into aerospace & defense, automotive, consumer goods, marine, and others.

Regional Analysis

The global aramid fiber market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The growing product demand from end-use industries such as defense, automotive, and consumer goods in Asia Pacific is the major driver of the market. The high production and sales of automotive and consumer goods in countries such as India, China, and Japan have contributed to this growth.

The high demand from the defense and automotive sector in the U.S. is the major driving factor of the market in North America.

Europe is growing due to the high production and sales of various automotive parts in western European countries.

The growing automotive sector in Mexico is driving the Latin America market.

The substitution of steel and asbestos in various construction activities is driving the market in the GCC countries.

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Competitive Analysis

Some of the leading manufacturers operating in the global aramid fiber market are TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (China) Co., Ltd. (China), and IBIDEN CO., LTD (Japan).

Structural Core Materials Market Research: Size, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2027

Market Segmentation

The global structural core materials market has been segmented by product, skin type, end-use industry, and region.

On the basis of product, the market has been segmented into foam, balsa, and honeycomb. The honeycomb segment was the largest in 2017 and is expected to remain so during the forecast period. The foam segment is expected to be the second-largest market during the forecast period. The growing application of foam in wind turbine blades and the nacelles of aircraft and automobiles is expected to drive the growth of the foam segment.

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On the basis of skin type, the market has been classified as glass fiber reinforced polymer (GFRP), carbon fiber reinforced polymer (CFRP), and natural fiber reinforced polymer (NFRP), and others. According to MRFR analysis, the CFRP segment is expected to hold the majority market share during the forecast period. The advanced properties of CFRP, such as tensile strength and thermal expansion, in comparison with glass and other fibers, account for the growth of the segment. On the basis of end-use industry, the aerospace industry was the largest in 2017 while the wind energy segment is expected to register the highest CAGR during the forecast period. Growing international trade, coupled with the burgeoning aerospace sector in emerging economies, is leading to a surge in demand for structural core materials.  

Regional Analysis

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America was the leading regional structural core materials market in 2017. Factors such as the growing adoption of the product in the automobile and aerospace sectors are driving market growth. Asia-Pacific is expected to be the fastest-growing regional market during the forecast period. The shifting of automobile bases to the region, coupled with the increasing number of government initiatives for the generation of renewable energy, is further propelling market growth. The structural core materials market in Asia-Pacific is projected to grow at a CAGR of 6.5% during the forecast period.

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Competitive Analysis

Some of the key players in the global structural core materials market are Diab Group (Sweden), Hexcel Corporation (U.S.), Schweiter Technologies (Switzerland), Euro Composites (Luxembourg), Gurit Holding (Switzerland), The Gill Corporation (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (U.S.), Armacell International (Luxembourg), and Evonik Industries (Germany).

Cellulose Acetate Market Analysis: Growth, Size, Trends, Demand, Key Player profile and Regional Outlook by 2027

Cellulose acetate is available in two types namely fiber and plastics. The fiber segment dominated the market in 2016 owing to its easy availability. The fiber type cellulose acetate held major of the global market share in 2016 due to its extensive use in the manufacturing of cigarette tows and textiles. Acetate fibers are fast-drying, wrinkle resistant, and soft used for dresses, draperies, carpets, umbrellas, and others. It is used in the manufacturing of cigarette tows due to its high heat stability, high absorptivity, and biodegradability. The biodegradable nature of cellulose acetate is likely to offer substantial opportunities to the plastic type cellulose acetate in the mature markets such as the U.S.

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The application segment includes textiles & apparels, cigarette filters, photographic films, tapes & labels, spectacle frames, and others. Growing demand from the textiles & apparels industry is majorly driving the global cellulose acetate market growth. This growth is attributed to various properties that the product offer such as soft nature, heat-resistance, and comfort. The increasing use of cellulose acetate as a replacement of silk owing to its low cost is expected to fuel the growth of the textile industry. The product demand from ophthalmology industry for manufacturing frame-wears is expected to fuel the market growth during the review period. However, the demand for cellulose acetate in photographic films is likely to decline on account of the substitution by other low-cost effective products such as polyesters.

Regional Analysis

Regionally, the global cellulose acetate market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global cellulose acetate market in 2016 on account of the high demand from the textiles & apparels industry. The changing lifestyle in the emerging countries such as India and China is likely to fuel the market growth

Textiles & clothing is a diverse sector playing an important role in European manufacturing industry, which is expected to drive the global cellulose acetate market. Italy, Germany, France, Spain, and the U.K are major contributor to the textiles and fashion goods that produce a wide range of products such as carpets, home textiles, cellulosic fibers, and technical textiles.

High demand from the food packaging and textiles industry is expected to drive the cellulose acetate market in the North American region during the forecast period, 2018-2023.

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Competitive Analysis

Some of the manufacturers operating in the global cellulose acetate market are Eastman Chemical Company (U.S.), Solvay (Belgium), Mitsubishi Chemicals Holdings Corporation (Japan), Celanese Corporation (U.S.), Daicel Corporation (Japan), China National Tobacco Corporation (China), Accordis Cellulosic Fibers, Inc. (U.S.), SK Chemicals (South Korea), Sichuan Push Acetati Co., Ltd. (China), Sappi (South Africa), Rayonier Advanced Materials (U.S.), and Borregaard (Norway).