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Petrochemical Market Trends: Demand, Segments, and Industry Analysis by 2027

The global petrochemical market is anticipated to grow at 8.06% CAGR during the forecast period 2018-2023. Growing technological advancements and adoption of petrochemicals in numerous end-use industries will be the key factors determining the growth potential of the petrochemical market, suggest analysts. The petrochemical market report suggests that economic recession as well as impact of the pandemic will affect the market growth. During the forecast period 2018-2023 the market for petrochemical will reach US$943.5 billion by 2023. The growth in the petrochemical market to remain positive across all the application, end-use industry, region, and type segments, however, segments like aviation, building and construction have experienced increased growth during the forecast period 2018-2023.

Growing demand from a number of end-use industries and expansion of the petrochemical industry are said to be the key petrochemical market growth factors. Although, during the forecast period 2018-2023, the factors like the rising worries about the use of plastic and demand for plastic goods could hamper the petrochemical market growth. The global petrochemical market report also covers application, end-use industry, region, and type segments and in-depth analysis of Europe, Asia-Pacific, North America, and the Middle East and Africa regions.

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Market Segmentation

The global petrochemical market is segmented based on application, end-use industry, region, and type. The petrochemical market is further segmented based on application into adhesives and sealants, dyes, paints and coatings, polymers, rubber, solvents, surfactants, and others. The petrochemical market is also segmented into automotive & transportation, construction, electrical & electronics, healthcare, packaging, and others on the basis of end-use. Furthermore, the petrochemical market is categorized based on type into Benzene, Butadiene, Ethylene, Methanol, Propylene, Toluene, Xylene, and Others.

Economic recession may hinder the petrochemical market growth. The market research report suggests that companies in the petrochemical market could be supported by expansion of the petrochemical industry as well as demand from building & construction industries during the forecast period. The petrochemical market is set to register growth at a high CAGR owing to these key factors. The application, end-use industry, region, and type segments along with regional markets have been analyzed in the global petrochemical market research report. The research analysts studying the petrochemical market have put out market forecasts in the petrochemical market research report in order to support petrochemical market-based companies. The petrochemical market research report provides an extensive understanding of the petrochemical market based on the information and forecasts till 2023.

Regional Overview

The petrochemical market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global petrochemical market research report reveals that APAC, North America, and Europe regional petrochemical markets will dominate the global market for petrochemical during the forecast period 2018-2023. As per petrochemical market analysts, the market is set to witness tremendous growth across aviation, building & construction segments in North America which covers petrochemical markets across the United States, Canada, Mexico and several other regional markets. Companies active in the petrochemical market are also analyzed and studied in the petrochemical market research report.

Growth factors such as innovations in the transport and energy sectors as well as growing trading activities are set to drive the market growth across the European regional market for petrochemical. This region covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the petrochemical market research report covers the Asia-Pacific region covering petrochemical markets from India, China, Japan, Australia, and others. The petrochemical market is also spread across the rest of the world. The petrochemical market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

The demand for petrochemicals has increased significantly over the years, due to use of technical advances by customers and a boom in the extraction of shale gas. Companies functioning in the global petrochemical market are also being challenged due to the effect on the environment and growing likelihood of an economic recession. Mergers and acquisitions by petrochemical market companies are anticipated to help the market during the forecast period 2018-2023. As the petrochemical market is set to register a high CAGR of 8.06% and is also anticipated to reach a US$943.5 billion by 2023, the report highlights key areas companies need to focus on. Based on SWOT analysis and petrochemical market’s analysis based on Porters’ Five Force Model presented in the petrochemical market report 

Presence of major players, as per the petrochemical market research report will support the growth. The global petrochemical market might face slow growth due to the slowdown in demand. The report suggests that the petrochemical market will see a healthy growth in the long run till 2023. The petrochemical market research report offers detailed analysis of major organizations across the petrochemical market. The global petrochemical market research report offers analysis based on data collected from the petrochemical market’s decision makers as well as primary and secondary sources. The petrochemical market research report presents analysis based information for companies functioning in the petrochemical market.

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Industry News

BP has decided to distribute the aromatic oils and acetyls firm for $5 billion to Ineos, a former buyer of BP operations, for all of the remainder of his once spreading chemicals base. BP is one of the leading world manufacturers of refined terephthalate (PTA), also classified as polyester, as being the most significant raw material in the production of polyethylene terephthalate. It is also a significant acetic acid maker. PTA is operated in South Carolina, Belgium, and Asia. The oil company manages its PTA plants. It works in Hull, England an acetic acid plant and has smaller acetic plants in the entire region of Asia. Most PTA production of the firm has been returned to p-xylene as a raw material.

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

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).

Impregnating Resins Market Research: Size, Share, Trends, Demand, 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.

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.

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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).

Aprotic Solvents Market Analysis: Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

The global aprotic solvents market has been segmented on the basis of source, type, end-use industries, and region.

Based on source, global aprotic solvents market has been segmented into bio-based and synthetic. Solvents derived from synthetic process have gained higher importance and has acquired a larger market share in 2017. The ease of production and its growing use in various end-use industries such as oil & gas, pharmaceutical, and paints & coatings has driven the market for synthetically derived aprotic solvents. Synthetic segment in the aprotic solvents market is expected to show remarkable growth in the forecast period.

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By type, N-methyl-2-pyrrolidone held the largest share in the global aprotic solvents market in 2017 and it is expected to continue its dominance in the review period. N-methyl-2-pyrrolidone is widely used in processing petrochemicals and formulation for drugs in pharmaceutical industries by both oral and transdermal delivery routes. The rapid growth of petrochemical and pharmaceutical industries across various regions of the globe is expected to drive the demand for aprotic solvents in the forecast years on the global level.

On the basis of end-use industries, oil & gas industries dominated the global aprotic solvents market in 2017, and it is expected to continue dominance in the review period. Aprotic solvents help to recover the hydrocarbons while processing petrochemicals. The growing petrochemical industry is attributing to the rising demand of aprotic solvents.

Regional Analysis:

Geographically, global aprotic solvents market is spanned across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific dominated the global aprotic solvents market in 2017, and it is expected to continue its dominance due to the growing pharmaceutical and oil & gas industries in this region. The ever-growing chemical industries and paints & coatings industries have boosted the demand for aprotic solvents in the North American market. European market is expected to grow at a healthy CAGR during the review period, owing to the presence of large number of healthcare industries in this region, and increased demand for aprotic solvents in this end-use industry. While Latin America and the Middle East & Africa markets are expected to show moderate and steady growth respectively in the forecast period.

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Key Players:

Some of the key players operating in the global aprotic solvents market are DowDuPont (US), BASF SE (Germany), Celanese Corporation (US), Mitsui Chemicals, Inc (Japan), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Mitsubishi Chemical Corporation (Japan), The Chemours Company (US), Asahi Kasei Corporation (Japan), and Ashland Inc (US).

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

Industry NewsAlamos Gold Inc. has announced that a trillium acquisition deal has been concluded to pay C$25 million for cash. Trillium contains a wide area of 5,418 hectares (“ha”) right next to the Michipicoten Greenstone Ribbon, and along strike from the Island Gold Deposit. The purchase extended the land assets of the company around the Island Gold Mine substantially to 14,929 ha and increased by 57% (see Figures 1 and 2). This recently purchased property has considerable potential for exploration close to developed and regional mineral resources.

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The global mining explosive market, during the forecast period 2018 to 2027, will register growth at a CAGR of 2%. The market for mining explosive is set to reach US$12,729.4 million by 2027. As per Global Market, the global market is anticipated to witness growth owing to the factors such as growing demand from the coal industry as well as rising infrastructure activity. However, the mining explosive market will face challenges and restraints due to stringent regulatory environment and workplace health-related issues during the forecast period 2018 to 2027.Increasing mineral extraction activity in the mining explosive industry market is set to play a key role in determining the growth potential during 2018 to 2027years. Analysts have also studied the mining explosive to understand potential threats and challenges the mining explosive companies could face. Although, the mining explosive market is poised to grow at a fast pace across type and applications segments, factors such as bottlenecks created due to waste issues could slow down the mining explosive market’s growth worldwide.Market SegmentationThe market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of ammonium nitrate explosives, ANFO, bulk emulsion explosives, cartridge emulsion explosives, and others. The global market for mining explosive is further segmented based on applications into coal mining, metal mining, quarry & non-metal mining. The coal mining market leads the overall segment, with an estimated value of USD 7,739.6 million by 2027 and a growth rate of 6.84 percent over the projected period. ANFO currently controls the mining explosive market, and its growth trajectory is expected to continue unabated until 2027, generating USD 4,403.2 million with the fastest CAGR of 2% over the forecast period.The global Market covers all the aspects of the mining explosive market based on the segmental analysis of these type and applications segments. Analysts have also studied the global market’s regional markets spread across many continents and countries. The type and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The Global Market presents analysis based information for companies functioning.Regional OverviewThe rigorous guidelines regarding manufacturing may hinder the mining explosive industry growth. The market research report suggests that companies in the mining explosive market could be supported by growing infrastructure activities as well as rapid industrialization triggered by the necessity during the forecast period. The mining explosive industry is set to register growth at a high CAGR owing to these key factors. The mining explosive industry is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global Global Market reveals that APAC, North America, and Europe regional mining explosive will dominate the global market for mining explosive during the forecast period 2018 to 2027. As per Global Market, the market is set to witness tremendous growth across type and applications segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the mining explosive are also analyzed and studied in the Global Market.The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the Global Market covers the Asia-Pacific region covering mining explosive from India, China, Japan, Australia, and others. The mining explosive market is also spread across the rest of the world. The mining explosive market report covers all such regions including the Middle East, Africa, Brazil, and others.

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Competitive LandscapeMining explosive has seen increased demand over the years, due to infrastructural expansion and surge in mineral extraction. Companies functioning in the global mining explosive market are also being challenged due to concerns regarding health-related issues and strict regulatory environment. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2027. As the mining explosive market is set to register a high CAGR of 2% and is also anticipated to reach a US$12,729.4 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the mining explosive industry will see a healthy growth in the long run till 2027. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by mining explosive industry companies are anticipated to help the market during the forecast period 2018 to 2027.

Succinic Acid Market Trends: Segments, Industry Analysis and Demand by 2027

Market Research Future Published a Research Study on Succinic Acid Market Research Report, Size, Share and Industry Analysis – Forecast to 2027

Succinic Acid Market- Competitive Landscape:

Prominent players making significant contributions to propel the growth of the global market for the succinic acid market are Ernesto Ventos. S.A. (Spain), Merck KGaA (Germany), BioAmber, Inc. (US), ThyssenKrupp AG (Germany), Succinity GmbH (Germany), Myriant Corporation (US), NIPPON SHOKUBAI CO., LTD. (Japan), Reverdia (Netherlands), Anhui Sunsing Chemicals Co., Ltd. (China), KAWASAKI KASEI CHEMICALS (Japan), Spectrum Chemical Manufacturing Corp. (US), Gadiv Petrochemical Industries Ltd. (Israel), S.S. Pharmachem (India), FUSO CHEMICAL CO., LTD. (Japan), and R-Biopharm AG (Germany). MRFR’s profiling of these companies in the latest report reveals how much they can influence the holistic growth of the market.

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Succinic Acid Market- Segmentation

The global succinic acid market, upon a detailed consideration on the basis of MRFR’s report, can be segmented by type, grade, application, and end-use industry.

In the report, the inclusion of various valuations from different segments and proper insights from a detailed factorial study can influence the market outcome.

By Type, the global market for succinic acid can be segmented into bio-based and synthetic. The bio-based market for succinic acid is getting influenced by the growing demand for the product for its eco-friendly nature.

By Grade, the global market for succinic acid can be segmented into pharmaceutical, food, and industrial. The food & Beverage industry can make sure that the market gets better provision for growth in the coming years.

By Application, the global succinic acid market analysis reveals managing medicine, food additive, chemical intermediate, and others as segments. High investment in the healthcare industry to promote growth for the succinic acid market.

By End-use Industry, the global report covering succinic acid includes chemicals, dyes & pigments, polymer, paints & coatings, cosmetics & personal care, pharmaceuticals, and others. The pharmaceutical industry can achieve strong growth in the coming years.

In February 2019, DSM and Roquette have changed their collaboration status for the production of succinic acid. This new change came into effect from April where Roquette will operate the plant and both would try to assist help people in using bio-based succinic acid.

Succinic Acid Market- Overview:

Succinic acid can be defined as a colorless, water-soluble, and odorless solid. The expansion of the market in terms of succinic acid market volume would depend much on the intake of the product by several sectors that would include food & beverages, pharmaceuticals, cosmetics, and others. The product can be both natural and synthetic and the natural segment is gaining grounds owing to the demand for eco-friendly products from several quarters. The production process would involve the microbial fermentation of glucose using raw material feedstock like sugarcane, wheat, maize, and tapioca. Its application in the manufacturing of industrial solvents, dyes, lacquers, perfumes, alkyd resins, photographic chemicals, metal treatment chemicals, plasticizers, and coatings are creating a succinic acid market demand. The global succinic acid market report, published by Market Research Future (MRFR), declared that the growth can be quite impressive in the coming years between 2016 and 2023, which the report considers as the forecast period.

In the medicine industry, the percolation of the succinic acid is growing with its use in the manufacturing of sedatives, contraceptives, antiplegm, antispasmers, anrhoers, antiphlogistic, and cancer. The food & beverage industry is also going to provide thrust to the market, which would get backing from high disposable income. However, stringent regulations and succinic acid market prices can deter the growth of the market. But new innovations would open up opportunities for market expansion.

Browse Key Industry insights spread across 140 pages with 59 market data tables & 14 figures & charts from the Report, “Succinic Acid Market Information: by Type (Bio-Based, Synthetic), Grade (Food, Pharmaceutical, Industrial), Application (Chemical Intermediate, Food Additive, Medicine), End-Use Industry (Polymer, Chemical, Food), and Region—Forecast till 2027” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/succinic-acid-market-1914

Regional Analysis

The Asia Pacific market is known for its high contribution and it had the largest share as per the report. This is happening mostly due to the hike in industrialization and the regional market would enjoy much from the relaxed investment norms. Low production cost and cost-effective labor can transform the global market for the same. This regional market has a high potential to move forward with the highest CAGR in the coming years. North America’s growth would be strong and the end user industries are going to inspire better market traction, which would assist in the market growth. Industries like food & beverage, chemicals, cosmetics, pharmaceuticals, and others can assist the growth in becoming more prolific. The Middle East & Africa market has a chance to show moderate growth as the cosmetics and food & beverage industries are doing well in the region. However, poor economies from Africa can hold back growth. Latin America’s growth would be the least compared to others.

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

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 Segment: Regional Outlook, Trends, Share, Growth, Demand, Industry Analysis, and Key Player profile 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).

Spunbond Nonwoven Market Research: Size, Share, Trends, Demand, Key Player profile and Regional Outlook 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).

Polyurea Coatings Market Analysis: Trends, Demand, Industry Analysis, 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.).