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Propylene Glycol Industry: Share, Growth and Demand, Trends, Segments by 2027

Propylene glycol is a chemical that is produced by the hydration of propylene oxide. It appear as a colorless, odorless, and viscous liquid which has a faint sweet taste. Propylene glycol is miscible with water, chloroform, and acetone and is hygroscopic in nature. Propylene glycol is used as an anti-freeze agent, solvent, flavor enhancer, emulsifier, stabilizer, thickener, humectant, wetting agent, and clarifier in food & beverages, pharmaceutical, and cosmetics & personal care products. It is classified as “Generally recognized as safe” (GRAS) by the U.S. Food and Drug Administration (FDA) and approved its use as an indirect food additive. Furthermore, industrial grade propylene glycol found to have vast applications in end-use industries such as, building & construction, automotive, chemical, packaging, and household.

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Market Segmentation

The global propylene glycol market is segmented by source, grade, end-use industry, and region.

On the basis of the source, the global propylene glycol market is segmented into petroleum-based and bio-based. Bio-based propylene glycol market is gaining immense popularity these days and expected to grow at the exponential CAGR during the forecast period. Stringent regulations by regulatory bodies like REACH and E.P.A. against the use of petroleum-based products having high VOC content and wide applications in industries such as, food & beverages, pharmaceutical, and cosmetics & personal care industry among other are the factors contributing to the growth of the bio-based propylene glycol market.

On the basis of the grade, the global propylene glycol market is segmented into industrial grade and pharmaceutical grade. Industrial grade is sub-segmented on the basis of applications into unsaturated polyester resins, coolants and antifreeze, hydraulic and brake fluid, aircraft deicing fluid, heat transfer fluids, paint and coatings, printing inks and liquid detergents. Pharmaceutical grade is sub-segmented on the basis of applications into processed foods & animal feedstock, pharmaceuticals, cosmetics & personal care products, tobacco & electronic cigarettes, theater fogs & artificial smoke.  Pharmaceutical grade propylene glycol is expected to have the largest market share in 2017 and expected to grow at exponential CAGR due to growing food & beverage, pharmaceutical, and cosmetic & personal care industry on account of growing preference for convenience food, rising health awareness, rising disposable income, and changing lifestyle.

On the basis of end-use industry, the global propylene glycol market is segmented into food & beverage, cosmetics & personal care, pharmaceutical, building & construction, automotive, and others. Food & beverage is expected to have the major market share in 2017 owing to growing preference for convenience food, rising disposable income, changing lifestyle in both developed and emerging economies and expected to witness considerable growth over the forecast period.

Regional Analysis

The global propylene glycol market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to have the largest market share of the global propylene glycol market, followed by North America, which is further trailed by Europe. The Middle East & Africa is expected to show moderate demand over the forecast period. Latin America is also expected to show moderate growth due to slow overall development during the forecast

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Competitive Analysis

Some of the key players in the global propylene glycol market are LyondellBasell Industries Holdings B.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Company Limited (China), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Huntsman International LLC. (U.S.), DowDuPont Inc. (U.S.), Manali Petrochemicals Limited (India), and HaiKe Chemical Group (China).

Polypropylene Catalyst Market Research: Industry Analysis, Segments and Demand by 2027

Polypropylene catalysts are used to obtain different types of polypropylene based on stereospecificity, C-monomer distribution, and degree of linearity. The demand of high-grade polypropylene is increasing in the automotive industry due to the need of improved thickness, toughness, and other essential characteristics.

Polypropylene catalysts are categorized into Ziegler–Natta (ZN) catalyst, metallocene catalyst, and others. On the basis of product type, the Ziegler–Natta segment is expected to be the largest market during the forecast period due to the good morphology control and profitability offered by these types of catalysts. Metallocenes, are costly but they produce high-grade, stereospecific polypropylene and a highly defined microstructure. Owing to the relatively low cost and easy controlled production of polypropylene, the Ziegler-Natta segment is projected to be the largest and fastest-growing polypropylene catalyst market during the forecast period.

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On the basis of manufacturing process, the global polypropylene catalyst market has been categorized as gas-phase process, bulk phase process, and others. The gas-phase process segment is projected to be the largest and fastest-growing market owing to the cost-effectiveness of the process and the purity of polypropylene produced with minimal residue..

By application, the global polypropylene catalyst market has been segmented into films, fibers, tubes, injection-molded products, and others. The injection-molded products segment is expected to be the largest during the forecast period as these products are widely used in vials and suture materials for surgery and in automotive interiors. Due to the growth of the medical and automotive industries, the injection-molded products segment is projected to be the largest market during the review period.

Based on end-use industry, the global polypropylene catalyst market has been segregated into automotive, packaging, medical, chemicals, and others. Automotive industry is expected to be the largest and fastest growing market during the forecast period owing to the profitability, and its resistance to aggressive chemicals and moisture. Polypropylene catalysts is largely used in the production of automotive components such as bumper facias, instrument panels, and door panels. Rapid industrialization and increasing demand for automobiles are the major drivers for the global polypropylene catalyst market.

Market Segmentation

The global polypropylene catalyst market has been segregated based on product type, manufacturing process, application, end-use industry, and region.

On the basis of product type, the global polypropylene catalyst market has been categorized as Ziegler-Natta catalyst, metallocene catalyst, and others.

Based on manufacturing process, the global polypropylene catalyst market has been divided into bulk process, gas-phase process, and others.

By application, the global polypropylene catalyst market has been classified as films, fibers, tubes, injection-molded products, and others.

Based on end-use industry, the global polypropylene catalyst market has been segmented into automotive, packaging, medical, chemicals, and others.

The global polypropylene catalyst market has been studied across five regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Regional Analysis

The global polypropylene catalyst market has been analyzed with respect to five regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The North American polypropylene catalyst market is projected to be the largest during the forecast period owing to increasing product demand in the automotive industry. The US is expected to be the leading market in the region due to the presence of major polypropylene catalyst manufacturers such as Univation Technologies, LLC and W.R. Grace & Co.-Conn.

The market in Asia-Pacific is estimated to register the highest CAGR during the assessment period owing to the rising demand in end-use industries such as chemicals, packaging, automotive, and medical. Low labor costs, increasing per capita income, and easy raw material availability are the major drivers for the growth of the regional polypropylene catalyst market. China accounted for the largest market share in  2017 due to the increased production of automotive and medical equipment

The Latin American market is projected to witness sluggish growth owing to the limited demand for polypropylene catalysts. The market in the Middle East & Africa is expected to grow at a moderate pace in the coming years due to rising polypropylene production with Egypt accounting for the largest share of the regional market.

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Competitive Analysis

The key players in the global polypropylene catalyst market are LyondellBasell Industries Holdings BV (Netherlands), Clariant (Switzerland), Mitsui Chemicals, Inc. (Japan), China Petrochemical Corporation (China), Japan Polypropylene Corporation (Japan), Mitsubishi Chemical Corporation (Japan), Reliance Industries Limited (India), SABIC (Saudi Arabia), Univation Technologies, LLC (US), and W.R. Grace & Co.-Conn (US).

Optical Coating Market Analysis: Demand, Industry Analysis, Size, Share, Growth, Trends, Key Player profile and Regional Outlook by 2027

The use of optical coatings to improve the transmission or reflection of light at the surface of an optic has increased the market’s size considerably in the past few years. The most common type of optical coating is an antireflection coating, which decreases unwanted reflections from surfaces and is used in an extensive range of applications comprising of photographic and ophthalmic lenses. The anti-reflection coatings are used on most of the refractive optics and are used to exploit throughput and decrease unwanted reflections. The optical coating market which was valued currently at USD 7,964.8 million in 2017 and is estimated to touch revenues worth USD 11,788.3 million by the end of 2023 while expanding at a CAGR of 7.07 percent in the forecast period.

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Demand for optical add-on products in consumer electronics together with the intensifying usage of advanced technological automotive is anticipated to boost the market’s demand in the forecast period. Additionally, increasing demand for a cleaner source of power generation, particularly solar energy, is likely to deliver a lucrative opportunity to market participants. Increasing government investments in setting up solar plants to meet the increasing energy demand, chiefly in emerging economies, is anticipated to augment the growth.  Growing demand for products to improve light transmissivity in optic and laser industry along with escalating sales of a smartphone with better user interference is projected to drive the demand in the duration of the forecast period. Furthermore, growing application of optic coatings in laser systems for defense and medical is projected to augment the market growth further. Moreover, surging demand for vacuum deposition technology in medical equipment & devices and increasing need for a renewable source of energy, especially solar energy, are creating new opportunities for the optical coating market.

Owing to the superior properties and several optical coating techniques, electronics & telecommunication and automotive industries are major end use applications in the optical coatings market globally. Mounting sales of smartphone together with ultra-high definition TV sales are gaining impetus, driven by an upsurge in consumer awareness and new, lower priced models being launched in the market which will further propel the market’s growth in the forecast period.

Segmental Analysis

The optical coating market is segmented based on end-use industry, type, coating method, and coating material. On basis of end-use industry, the market is segmented into healthcare, automotive, electronics & telecommunication, aerospace & defense, solar, and others. Amid these end-use industry, the electronics & telecommunication is controlling the market with over one-third shares. On the basis of coating method, the market is segmented into sputter deposition (ion beam sputtering (IBS), vacuum deposition/ evaporative deposition (thermal evaporation, electron beam deposition/ electron beam evaporation), reactive sputtering,   ion assisted deposition (IAS), magnetron sputtering, plasma sputtering, gas flow sputtering), and others. The Vacuum Deposition/ Evaporative Deposition segment had accounted for the chief share of the market in 2017 and is projected to touch USD 3,833.7 million in revenue in the forecast period. The market is segmented on the basis on the type into beam-splitter coatings, anti-reflective coatings, filter coatings (short-pass & long-pass, notch filter, bandpass, others), electrochromic (EC) coatings, high reflective coatings, partial reflection coatings, transparent conductive coatings, and others. The anti-reflective coatings was leading the market in 2017, however the filter coatings segment is projected to grow at the maximum CAGR of 7.86 percent during the forecast period. The coating material segment of the market is segmented into dielectric materials and metallic materials. Among the coating materials, the metallic materials is attributed for the main market share, nonetheless during the forecast period dielectric materials is expected to develop at the highest CAGR of 7.57 percent.

Detailed Regional Analysis 

The optical coating market covers regions such as Latin America, North America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific region is expected to be the major market for optical coating in the duration of the forecast period. This is principally owing to the varying lifestyle of the people in this region and positive government policies adopted by the emerging markets such as India, China, and South Korea. The developing demand from the renewable energy sector, particularly from solar energy, is likely to fuel the optical coating market during the forecast period. Following the APAC region, the North American region is the next major region in this market. The European region is another significant region in this market, which is closely following the North American market. Regions such as Middle East, Africa and Latin America on the other hand, hold comparatively limited shares in this market.

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Competitive Analysis

The optical coating market is characterized by the healthy competition among these players on account of the huge growth potential. The market has a substantial number of the established tier-1 and tier-2 companies, along with a considerable presence of small and medium scale industries. The key players functioning in the market for optical coating are Thorlabs inc, Edmund Optics Inc, Angstrom Engineering Inc, Optiforms Inc, Abrisa Technologies, Carl Zeiss Jena GmbH, Inrad Optics, Berliner Glas, Reynard Corporation, MKS Instruments, PPG industries, Optics Balzers AG, AMETEK, II-VI Incorporation, DowDuPont Inc, Optical Coatings Japan among others.

Blowing Agents Market: Size, Share, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

Blowing agents are available in two types namely exothermic and endothermic. The blowing agents decompose and generate environmentally neutral gases when heated. The endothermic type blowing agents are used because they carry out gas production until heat input is provided. This makes endothermic blowing agents easy to manage during processing. Moreover, the endothermic blowing agents absorb heat energy from their surroundings. This ideally reduces the mould cooling times and the ability to reduce mould cycle times in injection moulding. Thus, the endothermic blowing agents is dominating the market.

Hydrochlorofluorocarbons, hydrocarbons, hydrofluorocarbons, and hydrofluoroolefins are some of the blowing agents’ product. The hydrocarbons segment is likely to dominate the global market owing to their ease of application, good efficiency, and negligible global warming potential. Moreover, they possess good material compatibility and solubility with lubricants as compared to the CFCs or HFCs.

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The application segment includes rigid polyurethane, flexible polyurethane, integral skin polyurethane, polystyrene, polyolefin, phenolic, and others. The rigid and flexible polyurethane together dominate the global market due to their high demand from various end-use industries such as appliances, automotive, building & construction, electronics, flooring, marine, furnishing, and others. The rigid polyurethane is used for insulation in refrigerators & freezers, roofing & walls, and for sandwich panels. It is also used in boat manufacturing for both structural and flotation purposes. The flexible polyurethane is used for foam furniture, bedding, chair cushions, and shoe soles. Extruded sheets of polystyrene are highly consumed for packaging foam, which may offer substantial opportunities for the product in the coming years.

Regional Analysis

The global blowing agents market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global blowing agents market in 2016 on account of the high demand from the automotive and building & construction industry in the region.

Europe was the second leading market in 2016 due to the high production and sales of the automotive parts in countries such as Germany, Italy, U.K, France, and others.

The high demand from automotive and aerospace industry is expected to drive the blowing agents market in the North American region. Furthermore, the rebound in construction activities in the region is likely to fuel the market growth during the forecast period 2018-2023.

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Competitive Analysis

Some of the manufacturers operating in the global blowing agents market are Solvay (Belgium), The Dow Chemical Company (U.S.), INEOS Group (Switzerland), DAIKIN INDUSTRIES, LTD. (Japan), Arkema (France), BASF SE (Germany), SINOCHEM GROUP (China), ZEON CORPORATION (Japan), Harp International Ltd. (U.K), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), AkzoNobel N.V. (Netherlands), and The Chemours Company (U.S.).

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

Polyphenylene sulfide (PPS) is an organic polymer consisting of aromatic rings linked with sulfides. The distinguished properties of PPS such as flame retardant, chemical resistant, corrosion resistant, dimensional stability, and low moisture absorption are responsible for substitution of heavy metals, mainly required in major end-use industries such as automotive and aerospace. The surging demand for the product in the automotive and electrical industry is expected to propel the market growth during the forecast period. The increased fuel efficiency and weight reduction potential by the use of PPS in automotive are one of the major drivers of the global polyphenylene sulfide market. Additionally, increasing consumption of the product in electrical and electronic appliances such as non-stick cookware, fans & blowers, and hairdryer components are likely to favor the market growth. It is an entirely recyclable, environment-friendly compound and a fine alternative to other polymers such as epoxy, ABS, PTFE, PEI, PVDF, and others.

Radical improvements in advanced avionics, operating efficiency, and use of new electrical systems are rapidly changing the manufacturing of the aircraft. Advanced platforms, which are already in the production such as Boeing’s 787, 737 MAX including A330, and others are expected to boost the market growth.

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The extensive use of filter bags in steel, chemical, and thermal plants is fuelling the global market of polyphenylene sulfide. Furthermore, the product provides sterilizable healthcare and laboratory equipment, which may effectively rise the market growth.

However, rising demand for substitutes such as PEI, polyamide, and PEEK coupled with the high cost of polyphenylene sulfide may restrain the market growth.

Market Segmentation

The global polyphenylene sulfide market is segmented on the basis of type, applications, and region.

Commercially, the PPS is manufactured in two types: virgin and recycled. The virgin type PPS is costly and contains lesser impurities and environmental risks as compared to the recycled type.

On the basis of the application, the market is segmented into automotive, electrical & electronics, filter bags, industrial applications, aerospace, coatings, and others.

Regional Analysis

The global polyphenylene sulfide market is segmented into five major regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific is the fastest growing region in terms of value on account of the presence of a large number of automotive, and electrical and electronics industries. Countries such as China and India are the major contributors to the regional market growth due to the increasing demand for advanced and efficient automotive. The presence of renowned automotive manufacturers such as Honda, Nissan, and Toyota in Japan has fuelled the market growth in this region. High production of automobiles in countries such as Thailand and South Korea is further anticipated to favor the market growth in coming years.

North America is another substantial contributor to the global market growth owing to the mature automotive sector and growing aerospace sector. Increasing demand for the product from the established aircraft manufacturers such as Boeing, GE Aviation, Northrop Grumman in the U.S is the major driver of the market in this region.

The growth of the market is sluggish in Europe due to the stringent Government regulations for environmental safety despite the presence of coal and thermal plants in this region.

Latin America is expected to join hands with the leading region’s growth in the coming future due to the growing automotive industries, especially in Mexico.

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 Competitive Analysis

Some of the major market players in the global polyphenylene sulfide market are Tosoh Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Celanese Corporation (U.S), SK Chemicals (South Korea), Solvay (Belgium), KUREHA CORPORATION (Japan), Polyplastics Co., Ltd. (Japan), DIC CORPORATION (Japan), Chevron Phillips Chemical Company (U.S), Haohua Honghe Chemical Co., Ltd. (China), Kotec Corporation (Japan), TEIJIN LIMITED (Japan), NHU Materials Co. (China), SABIC (Saudi Arabia), and Aetna Plastics Corp. (U.S).

Ester Market Trends: Research Reports, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

Ester is synthesized from inorganic and organic acids by dehydration with alcohol. Naturally, derived esters comprise of oils, fats, and triglycerides. A common type of esters consists of nitrate esters, fatty acid esters of glycerol, and others depending on the alkyl or aromatic group. It provides multi-functional properties such as superior spreadability, high oxidation stability, and less pour point, which makes them suitable for utilization in various ends use industries such as food & beverage, cosmetic & personal care, paint & coatings, construction, pulp & paper, lubricant, and others.

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Some of the important factors that positively influence the growth of ester market are improving construction industry, expanding automotive industry, and rising mining activities in developing countries. In the recent years, increasing growth of the automotive sector is observed due to the investment of key manufacturers in emerging economies on account of favorable norms. Furthermore, rising population along with increasing consumer spending on personal care products in developed and developing region is estimated to drive the growth of the market. Furthermore, rising building & construction activities along with increasing consumption of lubricants are estimated to fuel the demand for ester market over the assessment period 2017-2023. However, complex processing and relatively higher production cost of ester for a specific application is predicted to hamper the growth of the market in the upcoming years.

Market Segmentation:

The global ester market is segmented on the basis of source, application, end use industry, and region. On the basis of the source, ester market is categorized into natural and synthetic. On the basis of the application, the market is classified into adhesive, oil additive, binder, sizing agent, and others. Among these, oil additives are estimated to grow at a significant CAGR due to rising demand for ester based lubricants from various end-use industries. On the basis of the end use industry, the global ester market is categorized into cosmetic & personal care, lubricant, paint & coatings, pulp & paper, construction, and others. Among the end use industry segment, lubricant as well as cosmetic & personal care together accounted for the largest market share in terms of value and is estimated to grow at a healthy CAGR due to rising automotive production and sales along with high consumption of personal care products such as cream, lotion, shampoos, and conditioners. The construction segment is estimated to register significant growth due to increasing maintenance and renovation work in residential & commercial buildings, as well as for onsite application.

Regional Analysis:

The Asia Pacific is estimated to be the largest ester market followed by North America and Europe owing to increasing demand from building & construction, automotive, aerospace, and among others. Emerging economies such as India, Thailand, Malaysia, China, and South Korea are the fastest growing market for ester and is expected to grow at the same pace shortly. North America is expected to witness steady growth over the estimated period on account of growing demand for textile and mining sector. Developing countries of Latin America and the Middle East and Africa is expected to witness a moderate growth on account of increasing end-use application. In Europe, countries such as Germany, the U.K, and France are predicted to witness a healthy growth due to increasing demand from automotive manufacturers.

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Competitive analysis:

The major players operating in the ester market are Ashland (U.S.), DAK Americas (U.S.), Esterchem Ltd. (U.K), Huntsman International LLC (U.S.), BASF SE (Germany), Evonik (Germany), Sigma-Aldrich Co. LLC. (U.S.), U-PICA Company.Ltd. (Japan), Michelman, Inc. (U.S.), NOF CORPORATION. (Japan), and Fushun Anxin Chemical Co., Ltd. (China) among others.

Smart Materials Industry: Demand, Size, Share, Trends, Key Player profile and Regional Outlook by 2027

The global smart materials market is projected to witness a rapid growth during the forecast period.  The study indicates that chemical composition present in the smart materials are responsible for the characteristics of the smart materials it displays. Its response varies depending on the chemical composition of the smart materials used. It is observed that smart materials are dynamic in nature and react to external environments by adapting their properties.

The global smart materials market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share as compared to other regions, the Smart Materials market in Europe market is expected to witness a significant growth and hold the second largest market share during the forecast period. Countries such as France, Italy, and Germany are anticipated to drive the growth of the smart materials market owing to the presence of established automotive industry. The rapidly growing demand for structural materials and mimetic materials has been the main growth driver of the smart materials market in this region. The adoption of new methods in the domains of monitoring of structural health, environmental control, and vibration control is also responsible for the development of the smart materials market in this region.

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In the global smart materials market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor costs coupled with the reduced costs associated with raw materials.

The global smart materials market is projected to reach USD 73 billion at a CAGR of over 14% by the end of the forecast period 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Materials Market Research Report-Forecast to 2023”.

Smart Materials Market Segmentation

The global smart materials market is segmented by products and application. By product segment, the market consists of piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials, and others. By application, it is segmented into actuators & motors, transducers, sensors, structural materials, and others.

Some of the key players in the market: APC International (U.S.), Harris Corporation (U.S.), CeramTec (Germany), Kyocera Corporation (Japan), TDK Corporation (Japan), Noliac A/S (Denmark), Wright Medical Group, Inc. (U.S.), Channel Technologies Group (U.S.), LORD Corporation (U.S.) among others.

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Market Research Analysis

The North American market is witnessing rapid growth due to technological advancements and increasing demand for Smart Materials across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of advance solutions.

Medical Grade Silicone Market Research: Segments, Trends, Share, Size, Growth and Demand by 2027

Medical grade silicones show compatibility with living tissues and are highly adaptable to the human body and skin. Medical grade silicones are used in manufacturing medical devices owing to their properties such as low chemical reactivity, low toxicity, heat resistance, and flexibility.

Various applications of medical grade silicone in the manufacturing of medical devices such as tubes, drains, catheters, seals and gaskets, and others drive the market growth. The medical grade silicone is bacteria resistant, non-reactive, easy to sterilize, and good for sensitive applications such as respiratory tubing. The elastomers based medical silicone is driving the growth of the global market due to its properties such as hypoallergenic, non-reactivity with most chemicals, high tear strength, and exceptional thermal conductivity. The prevailing trend wherein the use of liquid silicone rubber (LSR) and high consistency rubber (HCR) elastomers to manufacture medical devices are likely to increase the demand for medical grade silicone market further. For instance, the Dow Corning Company (now DowDupont) has recently launched two new products that include low-temperature cure liquid silicone rubber, which provides high injection speeds and fast cure rates and next-generation selective adhesion materials, which enable the combination of silicone onto resin substrates such as co-polyester, with primer-less adhesion and a fast cure at low temperatures. Furthermore, the research and development of silicone gels have proved effective for scar treatment, which is likely to fuel the market growth during the assessment period. Moreover, according to an article published in Journal of Cutaneous & Aesthetic Surgery, topical self-drying silicone gel is a relatively recent treatment for superficial scars, hypertrophic scars, and keloids.  

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Market Segmentation

The global medical grade silicone market is segmented on the basis of the product, application, and region.

On the basis of the product, the global medical grade silicone market is segmented into elastomers, gels, medical adhesives, medical coatings, and others.

Based on the application, the global medical grade silicone market is segregated into medical devices, medical tapes, orthopedics, prosthetics, and contact lenses.

Regional Analysis

The global medical grade silicone market is segmented into five regions North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The technological advancements, geriatric population, increased chronic diseases, and increasing instances of minimally invasive surgeries coupled with substantial spending on healthcare are the major drivers for medical grade silicone in the North American region.

Medical tourism and luxury healthcare markets in Asia Pacific countries such as India, Thailand, South Korea, and Singapore are driving the demand for medical grade silicone market.

Europe is likely to witness a considerable growth in the medical grade silicone due to extensive use of silicone gels for surgeries and various other procedures.

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Competitive Analysis

Some of the manufacturers operating in the global medical grade silicone market are 3M (U.S.), Saint-Gobain Performance Plastics (France), Koninklijke DSM N.V. (Netherlands), Momentive (U.S.), Zodiac Coating SAS (France), Trelleborg AB (Sweden), Shin-Etsu Chemical Co., Ltd (Japan), Nusil Technology LLC (U.S.), Henkel AG & Co. KGaA (Germany), Polymer Science, Inc. (U.S.), Applied Silicone Corporation (U.S.), Primasil Silicones Ltd. (U.K), and others.

Medical Grade Silicone Market Analysis: Insight, Size, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2027

Medical grade silicones show compatibility with living tissues and are highly adaptable to the human body and skin. Medical grade silicones are used in manufacturing medical devices owing to their properties such as low chemical reactivity, low toxicity, heat resistance, and flexibility.

Various applications of medical grade silicone in the manufacturing of medical devices such as tubes, drains, catheters, seals and gaskets, and others drive the market growth. The medical grade silicone is bacteria resistant, non-reactive, easy to sterilize, and good for sensitive applications such as respiratory tubing. The elastomers based medical silicone is driving the growth of the global market due to its properties such as hypoallergenic, non-reactivity with most chemicals, high tear strength, and exceptional thermal conductivity. The prevailing trend wherein the use of liquid silicone rubber (LSR) and high consistency rubber (HCR) elastomers to manufacture medical devices are likely to increase the demand for medical grade silicone market further. For instance, the Dow Corning Company (now DowDupont) has recently launched two new products that include low-temperature cure liquid silicone rubber, which provides high injection speeds and fast cure rates and next-generation selective adhesion materials, which enable the combination of silicone onto resin substrates such as co-polyester, with primer-less adhesion and a fast cure at low temperatures. Furthermore, the research and development of silicone gels have proved effective for scar treatment, which is likely to fuel the market growth during the assessment period. Moreover, according to an article published in Journal of Cutaneous & Aesthetic Surgery, topical self-drying silicone gel is a relatively recent treatment for superficial scars, hypertrophic scars, and keloids.  

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Market Segmentation

The global medical grade silicone market is segmented on the basis of the product, application, and region.

On the basis of the product, the global medical grade silicone market is segmented into elastomers, gels, medical adhesives, medical coatings, and others.

Based on the application, the global medical grade silicone market is segregated into medical devices, medical tapes, orthopedics, prosthetics, and contact lenses.

Regional Analysis

The global medical grade silicone market is segmented into five regions North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The technological advancements, geriatric population, increased chronic diseases, and increasing instances of minimally invasive surgeries coupled with substantial spending on healthcare are the major drivers for medical grade silicone in the North American region.

Medical tourism and luxury healthcare markets in Asia Pacific countries such as India, Thailand, South Korea, and Singapore are driving the demand for medical grade silicone market.

Europe is likely to witness a considerable growth in the medical grade silicone due to extensive use of silicone gels for surgeries and various other procedures.

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Competitive Analysis

Some of the manufacturers operating in the global medical grade silicone market are 3M (U.S.), Saint-Gobain Performance Plastics (France), Koninklijke DSM N.V. (Netherlands), Momentive (U.S.), Zodiac Coating SAS (France), Trelleborg AB (Sweden), Shin-Etsu Chemical Co., Ltd (Japan), Nusil Technology LLC (U.S.), Henkel AG & Co. KGaA (Germany), Polymer Science, Inc. (U.S.), Applied Silicone Corporation (U.S.), Primasil Silicones Ltd. (U.K), and others.

1,3-Propanediol Market: Segments, Size, Growth Analysis, Trends, Demand, Key Player profile and Regional Outlook by 2027

The growing demand for 1, 3-propanediol from various applications is expected to drive the growth of the market during the review period. The major applications of 1, 3-propanediol are polytrimethylene terephthalate, polyurethane, cosmetics & personal care, household, engine coolants among others. The growing development of cosmetic & personal care industry across the globe is expected to boost the market during the forecast years. Moreover, the growing investment in research and development activities for the production of bio-based 1,3 propanediol is anticipated to be a major opportunity in the market.

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Market Segmentation

The global 13 propanediol market is segmented into application and region. On the basis of application, the global market of 1, 3-propanediol can be further segmented into polytrimethylene terephthalate, polyurethane, cosmetic & personal care, household, engine coolants, heat transfer fluid, de-icing fluid and others. On the basis of region, the global 1, 3-propanediol market is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Market Scenario

Among the various applications of the 1, 3-propanediol, the polytrimethylene terephthalate segment was anticipated to be the dominant segment in 2016 and is expected to show the same trend during the forecast years. The polyurethane segment is expected to witness the highest growth with a CAGR of over 4.5% during the assessed period.  The growing demand for polytrimethylene terephthalate across various applications such as cosmetic & personal care, engine coolants, and de-icing fluid among other is substantially contributing to the growth of the segment.

The global 1, 3-propanediolmarket is spanned across five key regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific is the fastest  growing  market  during the forecast period. The growing population has increased the demand for cosmetics & personal care and household products, in turn, adding to the demand for 1,3 propanediol market. North America followed by Europe is anticipated to be the largest markets during the given period. The developed automobile, cosmetic & personal care industry along with the growing shift towards biodiesel is positively contributing to the growth of the market.

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Competitive Analysis

DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Metabolic Explorer SA (France) Zhangjiagang Glory Biomaterial Co. Ltd (China) and Zouping Mingxing Chemical Co., Ltd (China),  Royal Dutch Shell (Netherland), Shanghai Jinjinle Industry Co., Ltd (China), Zouping Mingxing Chemical Co.,Ltd (China), Salicylates And Chemicals Pvt. Ltd (India), and Chongqing Kunlun Chemical Co., Ltd (China) among others.