Category Archives: Chemical

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

Silicone adhesives belongs to a class of glue substances that contains silica and oxygen atoms. They are extensively used in end-use industries to impart thermal stability, lightweight and durable nature to the final product. Moreover, they also provide reliability and versatility to the product.The global silicone adhesives market is driven by the scope of its application in various sectors such as buildings & construction, medical, transportation, electrical & electronics, and others. Moreover, the medical segment is set to grow at a higher CAGR owing to the boundless use of adhesives in the sector.

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Market Segmentation:

The global silicone adhesives market is segregated into the type, technology, and application. The market by type is classified into one-component and two-component segments. On the basis of technology, the market is differentiated into pressure sensitive adhesives, and non-pressure sensitive adhesives segments. The market by application is bifurcated into buildings & construction, medical, transportation, electrical & electronics, and others.

Market Scenario:

The one-component segment is the most widely used type in the market due to its growing consumption in heavy end-use industries such as buildings & construction, medical, transportation, and other sectors. Moreover, it is estimated that the medical segment is set to grow at a rapid rate in the market due to strength and durable nature offered by the product.The pressure sensitive adhesives is the leading technology segment in the market on account of its growing consumption in tapes, labels, gaskets, and others. These materials provide unique mechanical strength, and flexibility to the product.

The medical sector is the leading application segment in the market and is anticipated to observe a higher CAGR due to extensive use of adhesives to impart high temperature resistance, better UV stability, weather-proof, and other features to the product.

Regional Analysis:

Geographically, silicone adhesives market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a majority of the market share due to advantages offered by the product such as flexibility, unique elongation and growing consumption of silicone adhesives in major industries. North America is set to expand at a significant rate owing to growing demand for the product in buildings & construction, medical, transportation, and other sectors. In this region, the manufacturers and investors are shifting their focus from solvent-based material to water-borne products in end-use applications. Due to these changes, a phenomenal growth is expected in the region. The growing construction and medical sectors has driven the market in the European region. Due to increasing constructional activities, Latin American region is estimated to witness a good growth in the market. The rising demand for silicone adhesives in major sector is projected to drive the market in the Middle East & African region during the forecast period.

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Competitive Analysis:Some of the well-known players functioning in the global silicone adhesives market are 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.

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

Marine coatings are used in a wide range of applications owing to their excellent properties such as chemical resistance, corrosion resistance, and UV resistance, among others. The rising growth of the oil and gas and tourism industry across the globe is substantially affecting the growth of the marine coatings market.

The global marine coatings market has been driven by a range of application such as vessels, yachts, cruise liners, oil rigs, bridges, and other offshore structures. Moreover, it is estimated that the polyurethane resin segment is set to witness the highest growth due to its low VOC content, low-temperature flexibility, and high corrosion & abrasion resistance among others which makes it ideal for various marine coatings applications.

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Market Segmentation:

The global marine coatings market is segmented into resin type, product type, and application. On the basis of the product type, the market is segregated into anti-corrosion marine coatings, antifouling coatings, and others. On the basis of resin type, the market is bifurcated into epoxy, alkyd, polyurethane, and others. The market by application industry is further categorized into cargo ships, passenger ships, boats, and others.

Market Scenario:

The cargo ship application segment is anticipated to observe a higher CAGR during the forecast period. The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth.

Regional Analysis:

The global marine coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, has boosted the use of marine coatings in the oil and gas industry.  Moreover, the development of Chabahar in Afghanistan is expected to increase the inflow and outflow of goods from India which in turn will substantially contribute to the growth of marine coatings market during the forecast years. Furthermore, the emergence of China has a major shipping hub coupled with the development of ports in the region are other factors contributing to the market growth.

The European region is estimated to witness a significant growth in the countries owing to burgeoning oil & gas and tourism industry. The growing shipping industry coupled with the increasing demand for cruise liners and yachts are other factors adding to the market growth.

The North American marine coatings market is mainly driven by the U.S. and Canada. The developed industries in the U.S has contributed to substantially to the inflow and outflow of goods from the region, in turn propelling the shipping trade which is another factor driving the market growth of marine coatings.

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Competitive Analysis:

Some of the prominent players operating in the global marine coatings market PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF SE (Germany) among others..

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

Dispersing agents are widely used in the end-use industries such as automobile, building & construction, paper & pulp, agriculture, detergents, and pharmaceuticals among others. The global dispersing agents market is spanned across five regions of the world namely, Europe, North America, Latin America, Asia Pacific and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the growing developments   and industrialization in the developing countries in the region. The major countries attributing to this growth are Japan, China, and India. The growing population in the region has fuelled the construction and automotive sector which in turn is expected to boost the market growth during the forecast years. In addition to this, the growing oil & gas sector mainly in India and China has positively impacted the dispersing agents market

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North America is a dominant region in the market of dispersing agents and is expected to retain its dominance during the forecast years. The developed end-use industry coupled with the increasing adoption rate are the major factor driving the market growth. The growing investment in the construction sector mainly in Canada and the U.S. is further expected to surge the market growth during the forecast years. Furthermore, the developed pharmaceuticals industry coupled with the presence of the major automobile players namely General Motors, Fiat Chrysler and Ford is also surging the market growth.

The European market of dispersing agents is set to grow at a steady pace during the forecast period. The presence of the developed automobile sector and the pharmaceutical industry are the major factor driving the market growth. The Middle East and Africa is expected to witness a sluggish growth during the assessed period.

Segmentation

The global dispersing agents market is segmented into type and end-use industry. On the basis of type the market is segmented into suspension, solution, colloid, powder and others. On the basis of end-use industry, the global dispersing agent market is further bifurcated into building & construction, paints & coatings, pulp & paper, detergent, oil & gas, agriculture industry, pharmaceuticals and others.

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Competitive Analysis

Some of the prominent players operating in the Global dispersing agents market are BASF SE (Germany), Clariant AG (Switzerland), Cytec Industries Inc. (U.S.), The Dow Chemical Company (U.S.), Air Products & Chemicals Inc (U.S.), Altana AG (Germany), Arkema Group (France), Emerald Performance Materials Llc (U.S.), Meadwestvaco Corporation (U.S.), The Lubrizol Corporation (U.S.), Croda International Plc (U.K), and Gruppo Chimico Dalton Spa (Italy) among others.

Thermoplastic Composites Market Segment: Key Player profile, Trends, Share, Growth, Demand, Industry Analysis and Regional Outlook by 2027

Thermoplastic is an organic material that melts at specific high temperature and on cooling it gets hardened. Thermoplastic material becomes moldable when heated and can be given desired shapes. Chemically, thermoplastic materials resemble to rubber and physically they are as strong as aluminum. They exhibit many desired properties including good thermal and electrical resistance, greater resistance to abrasion, and good operational ability under high pressure. In addition to this, the thermoplastic composites exhibit better fatigue properties over traditional materials such as metal and wood and undergoes high load without deformation. Global aerospace & defense industry is making maximum use of thermoplastic composites in manufacturing both fuselage and machinery. The new range of wide and light bodies aircrafts manufactured by leading aerospace industries using more than 50% of composites. This, in turn is expected to drive demand of the thermoplastic composites. The environmental concern necessitate the world to find greener alternative for power generation. Wind energy came up as a solution to this problem. Both developed and developing countries are investing significant shares of their GDP wind energy, which may fuel the demand of thermoplastic composites. 

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Key Players and Competitive Analysis:

Key players in the Global Thermoplastic Composite Market are DuPont (U.S.), Arkema Group (France), SGL Carbon SE (Germany), Celanese Corporation (U.S.), DSM N.V. (Netherlands), Koninklijke Ten Cate bv. (Netherlands), SABIC (Saudi Aarbia), TEIJIN LIMITED (Japan), LANXESS (Germany), BASF SE (Germany), and others.

The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.

Market Segmentation:

The global thermoplastic composite market has been segmented on the basis of product type, fiber type, end use industry and region. On the basis of product type, the market is divided into, short fiber reinforced thermoplastic (SFRT), long fiber reinforced thermoplastic (LFRT), continuous fiber reinforced thermoplastic (CFRT), and glass mat thermoplastics (GMT). Among these types, SFRT is holding major share of overall demand of thermoplastic composites. SFRT is an easily moldable material which is primarily used to manufacture parts of aircraft and defense equipment. Easy processing and ability of SFRT to be recycled from scrap offers significant cost effectiveness over the other types. Its application can be found in automotive, electrical & electronics industry, and chemical processes as well. LFRT is another important product type of thermoplastic composites which primarily used in making part of automotive industry. Their structural properties and low cost per part enabled it to replace is metal counterparts in automotive industry. Advent of new organic long fibers offer greater recyclability, which would mitigate environmental concern regarding its dispose and help increase its usability. GMT is different from the injection molded reinforced thermoplastics and offer better mechanical properties. It is used in underbody shields, seat structures and front-ends in automotive.    

Thermoplastic composite are divide into glass fiber and carbon fiber based on the type of fiber used in the composite. Glass fiber composite is a majorly used thermoplastic composite due to its superior priorities such as greater flexibility, strength, durability and chemical stability. Glass fiber based composites can be manufactured in less complex and cost effective way, which increases its usability in almost all end user industries of thermoplastic composites. Carbon fiber is an extremely light fiber reinforced material, which find its applications in many end use industries such as building & construction, sports goods and automotive.    

Based on end use industry, the global thermoplastic composite market is segmented into aerospace & defense, wind energy, automotive, building & construction, sports, electrical & electronics and others.  Aerospace & defense industry is gaining momentum around the world owing to the competition among the leading economies namely U.S, India, Russia, and China. The global aerospace market which includes designing and manufacturing of aircrafts as well as spacecraft is set to witness the highest growth among all the end use industries of thermoplastic composite. This, in turn is expected to fuel the demand of thermoplastic composites. Following aerospace industry, the global wind turbine composite market is growing at substantially highest CAGR and expected to reach ~ USD 12 billion by the end of 2023, which is attributed to an increasing demand of green energy with lesser carbon footprint. In addition to this, defense sector of major military powers namely, U.S., Russia, China, and India is flourishing with the increased defense spending by these countries to enhance their military capabilities. This, in turn is projected to boost the demand of thermoplastic composite in making lighter and stronger warfare grade military vessels, fighter jets, and other defense equipment. Moreover, there is an increasing demand of light weight automobiles to enhance fuel efficiency which is anticipated to propel the growth of global thermoplastic composite market.

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Regional Analysis:

The global thermoplastic composite market is geographically divided into five key regions which are Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the leading region among them owing to the increasing demand from aerospace & defense and wind energy sector in this region. Countries namely India, China, and Japan are leading markets in this region owing to the growth in demand from major end use industries such as aerospace & defense, automotive, and building & construction in these countries. North America is the second most significant region in the global thermoplastic composite market. U.S. is the largest market in this region due to the presence of well-established and leading end use industries such as aerospace & defense and sports industry. Europe is another substantial region in the global thermoplastic composite market. The major markets in this region are Germany, U.K., France and Italy, where there is a growing demand of thermoplastic composites by automobile industry. Industrialization in Latin America is on the rise with pacifying political and economic scenario in Brazil and Colombia. During the forecast period the region anticipated to hold significant share of the global thermoplastic composite market. The Middle East & Africa is holding relatively lesser shares in the global thermoplastic composite market. It is anticipated to witness growth in coming years on account of hitherto untapped growth opportunities in composites and core material market.

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

The global polyurethane market, during the forecast period 2016 to 2022, will register growth at a CAGR of 6.51%. The market for polyurethane is set to reach US$81,700.6 million by 2022. As per polyurethane market analysts, the global market is anticipated to witness growth owing to the factors such as extensive application range in various consumer goods as well as adoption of advanced technologies for production. However, the polyurethane market will face challenges and restraints due to mounting environmental concerns and threat from acid-epoxy coatings during the forecast period 2016 to 2022.

Accelerated growth and demand from refrigeration applications in the polyurethane market is set to play a key role in determining the growth potential during 2016 to 2022years. Analysts have also studied the polyurethane market to understand potential threats and challenges the polyurethane market companies could face. Although the polyurethane market is poised to grow at a fast pace across products and end-users segments, factors such as instability in crude oil prices could slow down the polyurethane market’s growth worldwide.

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Market Segmentation

The polyurethane market has been segmented into products and end-users. Based on the segment which is products, the market is categorized on the basis of adhesives & sealants, coatings, elastomers,  flexible foam, rigid foam, and others. The global market for polyurethane is further segmented based on end-users into automotive, construction, electronics appliances, footwear, furniture, packaging, and others.

The global polyurethane market research report covers all the aspects of the polyurethane market based on the segmental analysis of these products and end-users segments. Analysts have also studied the global polyurethane market’s regional markets spread across many continents and countries. The products and end-users segments along with their sub-segments have been analyzed and companies functioning in the polyurethane market across these segments are profiled and analyzed based on input and feedback from polyurethane market based decision makers as well as primary and secondary sources. The polyurethane market research report presents analysis based information for companies functioning in the polyurethane market.

Regional Overview

Increasing use of acid-epoxy coatings may hinder the polyurethane market growth. The market research report suggests that companies in the polyurethane market could be supported by polyurethane’s versatility and physical properties as well as surging demand for low VOC during the forecast period. The polyurethane market is set to register growth at a high CAGR owing to these key factors. The polyurethane market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global polyurethane market research report reveals that APAC, North America, and Europe regional polyurethane markets will dominate the global market for polyurethane during the forecast period 2016 to 2022. As per polyurethane market analysts, the market is set to witness tremendous growth across eco-friendly products and textiles, food, and apparel segments in North America which covers polyurethane markets across the United States, Canada, Mexico and several other regional markets. Companies active in the polyurethane market are also analyzed and studied in the polyurethane market research report.

The polyurethane market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the polyurethane market research report covers the Asia-Pacific region covering polyurethane markets from India, China, Japan, Australia, and others. The polyurethane market is also spread across the rest of the world. The polyurethane market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Polyurethane has seen increased demand over the years, due to demand for bio-based materials and the growing number of government initiatives. Companies functioning in the global polyurethane market are also being challenged due to unstable crude oil prices and lack of skilled workforce across manufacturing units. Mergers and acquisitions by polyurethane market companies are anticipated to help the market during the forecast period 2016 to 2022. As the polyurethane market is set to register a high CAGR of 6.51% and is also anticipated to reach a US$81,700.6 million by 2022, the report highlights key areas companies need to focus on. The report suggests that the polyurethane market will see a healthy growth in the long run till 2022. Based on SWOT analysis and polyurethane market’s analysis based on Porters’ Five Force Model presented in the polyurethane market report. Mergers and acquisitions by polyurethane market companies are anticipated to help the market during the forecast period 2016 to 2022. 

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Industry News

Pearl Polyurethane Systems, a company of performance material and its parent organization Pearl Overseas Industries, is expanding its growth. It has signed a contract with Pearl Covester Polyurethane Systems to buy the remaining 51 percent stake. The 100% ownerschaft of Pearl Industries is acquired by its former joint venturers partner Covestro AG, who acquires an additional shareholding.  The recently independent company Pearl Polyurethane Systems LLC, led by former Bavarian Managing Director Martin Kruczinna and responsible for the position of CEO, has been rebranded.

Chloromethane Market Size: Demand, Industry Analysis and Segments by 2027

Chloromethane are chemical compound that belong to a class of organic compound named haloalkanes. They are predominantly used as precursors for the production of silicone polymers and drug manufacturing. Chloromethane market is expected to witness strong growth due to its profound usage in automotive, construction, and medical. Methyl chloride accounted for the largest market share in 2016 and is expected to retain its dominance over the estimated period due to its wide utilization as a solvent in butyl rubber manufacturing & petrol refining, and for the manufacturing of lead-based gasoline additives. However, environmental concerns and shift in preference towards bio-based sources is set to challenge industry participants. On the basis of application, silicone polymers dominated the market in 2016 on account of its wide utilization in various application such as construction, medical, and automotive. Growth of global chloromethane market is predominantly driven by automotive industry. Furthermore, increasing construction activities in developed and developing countries across the globe is predicted to fuel the demand for chloromethane over the estimated period. In addition to this continuous growth of pharmaceutical sector is expected to propel the market growth.

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Geographically, Asia Pacific emerged as the leading market for chloromethane followed by North America and Europe in 2016. The Asia Pacific region accounted for largest market share and is estimated to register highest CAGR due to continuous growth of automotive, agrochemical, and pharmaceutical industry specifically in China, India, Japan, Vietnam, Malaysia, and South Korea. Furthermore, In Asia Pacific escalating investments and supporting government regulations is predicted to drive market growth.  Furthermore, increasing investment by major companies and shifting of chloromethane manufacturing facilities as well as end use industries expansion in this region is expected to propel the chloromethane regional market growth. North American market is predicted to witness steady growth on account of expansion of personal care and pharmaceutical sector. Europe is expected to witness sluggish growth owing to the stringent regulations associated with industrial toxic gas emission and higher adoption rate of eco-friendly products. Additionally, high adoption rate by the end use industries is estimated to drive the market growth over the forecast period.

Key Players:

The Dow Chemical Company, Asahi Glass Co. Ltd, Gujarat Alkalies and Chemicals Ltd, Alfa Aesar, Akzonobel N.V., Solvay SA, INEOS Group, Tokuyana Corporation, Shin-Etsu Chemical Co., Ltd., Occidental Chemical Corporation among others are some of the prominent players at the forefront of competition in the Global Chloromethane Market and are profiled in MRFR Analysis. 

Industry/ Innovation/ Related News:

May 2017- AkzoNobel and Gujarat based Atul chemical announced plans to set up a Monochloracetic acid (MCA) plant and the production is expected to commence by 2019. MCA plant is set to start with initial capacity of 32,000 tons per year. With this AkzoNobel strengthen its position in global chloromethane market.

March 2017- GFL is planning to restructure its chemical segment and separate its chemical business into a separate business group.

February 2017- Meghmani Finechem Ltd, a subsidiary of Meghmani Organics Ltd announced to setting up chloromethane plant of 40,000 metric tonne per annum at Dahej, Gujarat. With this expansion, the unit will manufacture chloroform, carbon tetra chloride, and methylene dichloride. The company will be able to meet the growing demand of agrochemical and pharmaceutical for methylene dichloride.

January 2016- AkzoNobel and Evonik Industries will start production for chlorine and potassium hydroxide solution in Germany. With this joint venture, the company expand its business and strengthen its position in chloromethane market.

November 2016- GACL will set up a chloromethane plant with annual capacity of 105,000 TPA or 315 MT per day at Dahej location. With this expansion the company expand its business and further increase its presence in chloromethane market across the Asia Pacific.

March 2016- The Olin Corporation took the decision to reduce the capacity of chlor alkali capcaity by 433,000 tons across three different locations namely, Henderson, Niagara falls, Freeport. The company will restructure its business segment and will shift their focus on other business areas

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Competitive Landscape

The Chloromethane report analyses the degree of competition among the key manufacturers as well as industry growth and market scenario. The global Chloromethane market consist of various players operating in the market including large scale and medium size producers. The key market players operating in the global Chloromethane industry is concentrating towards growth association specifically by Asia Pacific as medium scale and key operating players are from this region specifically from China, South Korea, India, and Japan. Moreover, the company is focusing on enhancing their product portfolio by strategic acquisition and mergers, joint ventures, and exclusive agreements. Some of the companies are expanding their production capacity of chloromethane to meet the growing demand for chloromethane.

Solvents Market Trends: Share, Growth, Industry Analysis, Key Player profile and Regional Outlook by 2027

According to the MRFR analysis, the Solvents Market is expected to reach a value of USD 48 Million in 2025, registering a CAGR of 4.0% during the forecast period.

Solvents are the chemicals capable of dissolving other substances without chemical changes. Solvents are widely used in paints and coatings, varnishes, adhesives, sealants, printing inks, cosmetics, and pharmaceutical applications. The increasing demand for paints and coatings, printing inks and cosmetics is likely to augment the growth of the global solvents market. Furthermore, one of the key trends observed in the market is shifting preference towards bio-based solvents driven by stringent regulations and increasing environmental regulations.

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Pricing and Regulatory Analysis

The price of solvents varies according to type and source. The bio-based solvents generally have a higher cost compared with petroleum-based solvents owing to high feedstock cost and complex manufacturing process.  The average price for solvents varies form USD 200 per ton to USD 800 per ton.

The global solvents market faces stringent regulations owing to high VOC emissions and environmental concerns. In Europe, the emission of Volatile Organic Compounds from Solvents is regulated by the European Union – S.I. No. 565 of 2012. Further, activities using more than 10 tons per annum of solvents need an Integrated Pollution Prevention & Control (IPPC) license from the EPA. In the US, the standards for solvent use are regulated by the National Emission Standards for Hazardous Air Pollutants (NESHAP), New Source Performance Standards (NSPS), Control Techniques Guidelines (CTG), and National Volatile Organic Compound Emission Standards – 183(e) VOC Rule.

SEGMENTATION

By Type

  • Alcohols: The alcohol segment accounted for a dominant share of the global solvents market. The segment is expected to witness significant growth during the forecast period. The growth is attributed to its low toxicity and high demand in the paints & coatings, pharmaceuticals, cosmetics, and personal care industries.
  • Ketones: Ketones are utilized as solvents in the paint & coatings and adhesives industries. Ketone-based solvents include acetone, methyl ethyl ketone (MEK), methyl isobutyl ketone (MIBK), and diisobutyl ketone (DIBK). Acetone is the most common ketone solvent used in various industrial solvents owing to its low surface tension, density, slower evaporation rate, and high boiling point.
  • Esters: The increasing adoption of bio-based solvents is expected to favor the demand for esters in the production of lacquers, paints, and coatings.
  • Glycol Ethers: Glycol ethers are solvents based on ethylene glycol, propylene glycol, and butyl glycol ethers and are most commonly used in paints and cleaners. The glycol ethers segment is expected to witness moderate growth during the forecast period driven by increasing demand in-home and institutional care, and cosmetics industries.
  • Halogenated Solvents: Halogenated solvents are used in the cleaning, printing inks, textile, paints, and furniture industries. However, the health and environmental risks restrict the use of halogenated solvents.
  • Aromatic: These solvents are used in the manufacturing of industrial paints, resins, adhesives, and detergents.
  • Aliphatic: Aliphatic solvents are widely used in paints and coatings, degreasing, oil extraction, and rubber manufacturing.
  • Others

By Source

  • Petrochemical-based: The petrochemical-based solvents dominated the global solvents market in 2018. The demand for petrochemical-based solvents is mainly driven by the growth of paints & coatings industry. In 2018, the paints & coatings industry was valued at USD ~142 Billion and is forecasted to grow at a CAGR of 5% between 2019 and 2025, thereby boosting the demand for petrochemical-based solvents in the market.
  • Bio-Based Solvents: The segment is expected to witness high growth during the forecast period. This growth is attributed to increasing environmental concerns and stringent regulations.

By Application

  • Paints & Coatings: The segment accounted for the largest share of the global market in 2018 and is expected to witness healthy growth during the forecast period. The growth of the segment is attributed to the increasing demand in the construction and automotive industries.
  • Pharmaceuticals: The segment is expected to grow at a significant rate during the forecast period. The growth is supported by increasing healthcare spending and increasing investments in the pharmaceutical industry, particularly in Asia-pacific and North America. According to the World Health Organization, in 2016, the global spending on healthcare was USD 7.5 trillion and average per capita health expenditure was USD 1,000.
  • Polymer: Solvents are widely used in the processing and manufacturing of various polymers. The increasing demand for polymers in the food & beverage, packaging, automotive, and construction industries is expected to drive the growth of the segment during the forecast period.
  • Agrochemicals: The growing demand for fertilizers and pesticides to increase crop yield is projected to drive the demand for solvents in the agrochemicals segment.
  • Printing Inks: The growing demand for wide spectrum of printing across the publishing and packaging industry is driving the demand for various solvents in ink manufacturing.
  • Cleaners: The increasing demand for cleaners in the healthcare and food & beverage industries and domestic applications is expected to propel the demand for solvents during the forecast period.

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  • Cosmetics & Personal Care: With increasing disposable income, changing lifestyles, and rapid urbanization, the cosmetic & personal care industry is witnessing robust growth. This is expected to be the major factor increasing the demand for solvents.
  • Adhesives & Sealants: The adhesives and sealants industry across the globe was valued at USD 56 million in 2018. The industry is expected to witness significant growth driven by increasing demand in the construction, automotive, hygiene, and packaging industries. This, in turn, is expected to drive the growth of the global solvents market.
  • Others: The other segment is expected to witness moderate growth during the forecast period.

Investment Casting Market Size: Regional Outlook, Demand, Segments, Research Report, Key Player profile by 2027

Investment Casting Market is projected to be valued at USD 19,572.6 Million by 2025 and register a CAGR of over 5.25%.

The Global Investment Casting Market is expected to reach USD 28,449.1 Million by 2025, exhibiting a CAGR of 5.25%. The use of investment casting process in the medical industry is expected to create growth opportunities for the market players during the assessment period.

The manufacturing firms are highly dependent on the efficiency and functioning of the machinery and equipment. The use of robots and automation in the industrial sector has increased the demand for machines. Machines enhance operation efficiency. Thus, investment casting is used in the manufacturing of complex components such as motion control and sensor & vision to ensure optimal performance. According to the German Electrical and Electronic Manufacturers’ Association (ZVEI), the global automation sector was valued at USD 556.49 billion in 2016, which is expected to register a significant CAGR during the forecast period. Thus, the growth of the industrial sector is also projected to drive the growth of the global investment casting market during the forecast period

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Segment Analysis

The Global Investment Casting Market has been segmented on the basis of type, application, and region.

On the basis of type, the global market has been segmented into silica sol process and sodium silicate process. The silica sol is projected to be the largest segment, which held around 60% share in 2018 owing to its ability to cast complex aerospace components.

By application, the market has been divided into aerospace & military, general industrial, industrial gas turbines, automotive, and others. The aerospace & military segment held the largest market share in the last few years owing to increasing air traffic and growing need for better security, which is projected to drive the market growth during the forecast period.

Regional Analysis

Geographically, the global investment casting market has been segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per the MRFR analysis, Asia-Pacific was the fastest growing and largest regional market for investment casting in 2018. The expanding aerospace industry in Asia-Pacific is projected to be the prime contributor to the market growth during the assessment period. The carriers in Asia-Pacific account for 34% of the global passenger traffic and 37% of global cargo traffic. The airline industry in the region is responsible for carrying a total of 1,468 million passengers annually, wherein 1,054 million are domestic passengers while 414 million are international passengers. According to the International Air Transport Association (IATA), the fleet count in Asia-Pacific was 8,449 units in 2017, which is expected to reach 17,481 units by 2037. Thus, the growing demand for investment casting in the aerospace & military industry is expected to drive the global demand during the forest period.

Market Players

Market Research Future (MRFR) recognizes WANGUAN (China), Metaltek International Inc (US), Ningbo Jiwei Melt Mould Castings CO., LTD (China), Taizhou Xinyu Precision Manufacture CO., LTD (China), Dongfeng Precision Casting CO., LTD. (China), Dongying Gia Young Precision Metal CO., LTD (China), RLM Industries, Inc (US), Impro Precision Industries Limited (Hong Kong), Milwaukee Precision Casting, INC (US), Zollern Gmbh & CO. KG (Germany), CIREX (The Netherlands), Precision Castparts Corp (US), and Alcoa Corporation (US) as the key players operating in the Global Investment Casting Market.

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Key Findings of the Study:

  • The Global Investment Casting Market is projected to reach USD 28,449.1 Million by 2025 at a CAGR of more than 5.25% during the review period, 2017–2025.
  • Silica sol process accounted for the largest market share in 2018 and is estimated to register a CAGR of 5.40%.
  • Capacity expansion, acquisitions, and partnerships are some of the initiatives taken by the manufacturing companies to meet the growing demand for investment casting metal products

Polyamide 12 Market Analysis: Regional Outlook, Demand, Segments, Research Report, Key Player profile by 2027

The Global Polyamide 12 Market is estimated to be valued at USD 1,419.2 Million by 2023 and record a CAGR of 5.23% during the forecast period. The growing use of carbon fibers and glass fiber reinforced polyamide 12 in the automotive industry is contributing to the growth of the global polyamide 12 market.

Segmental Analysis

According to MRFR analysis, the global polyamide 12 market has been segregated based on type, applications, and region.

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Based on type, the global market has been classified into general grade, reinforced, plasticized, and others. Among these, the reinforced segment held the largest market share in 2018 due to the large-scale use of carbon fiber or fiberglass reinforced polyamide 12 in the aerospace & defense, and automotive industries. The segment is expected to grow at a CAGR of over 5% during the review period.

By application, the global polyamide 12 market has been classified into automotive, consumer goods, oil & gas, industrial coatings, electricals & electronics, and others. Among these, the automotive segment accounted for the largest market share in 2018 and was valued at USD 392.6 million in 2018. The high use of polyamide 12 based automotive components on account of its superior properties in the automotive industry was the factor supported the segment’s growth in 2018. 

Regional Analysis

Geographically, the global polyamide 12 market has been segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia-Pacific market was the dominant regional market, accounting for the largest share of around 38% in 2018 and is expected to register a CAGR of around 6% during the forecast period. Europe is followed by Asia-Pacific, which accounted for the second-largest share of the global polyamide 12 market in 2018. The North American market is expected to register a second largest CAGR of over 5% during the forecast period. The Latin American and the Middle East & African markets are also likely to witness considerable growth during the forecast period, 2019–2024.

Market Players

Market Research Future (MRFR) recognizes the following companies as the key players in the global polyamide 12 market: Evonik Industries AG (Germany), EMS-Chemie Holding AG (Switzerland), RTP Company (US), Merck KGaA (Germany), DowDuPont (US), Arkema SA (France), Toray Industries, Inc (Japan), and Ube Industries, Ltd. (Japan), Ensinger (Germany), and Formulated Polymers Limited (India)

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Key Findings of the Study:

  • The global polyamide 12 market was valued at 1,065.1 million in 2018 and is expected to register a CAGR of 5.23% to reach around USD 1,419.2 million by the end of 2023.
  • Based on type, the reinforced segment held the largest share in 2018 and is expected to register a CAGR of over 5% during the forecast period.
  • By application, the automotive segment is estimated to be the largest segment of the global polyamide 12 market, which accounted for around 37% value share in 2018.
  • Asia-Pacific market accounted for the largest share of around 38% by value in 2018

Expandable Microspheres Market Share: Industry Analysis, Segments and Demand by 2027

The global expandable microspheres market is expected to witness significant growth during the forecast period owing to its increasing use in end-use industries such as automotive, construction, sports & leisure, and consumer goods. The growth of the global market is primarily driven due to the extensive use of the product in light-weighting of automobiles. The adoption of lightweight materials in automobile production to enhance fuel efficiency is a major factor expected to propel global market growth. Additionally, its use in the construction industry for thermal insulation applications is another factor driving the growth of the global market.

Market Segmentation

The global expandable microspheres market has been segmented based on type, end-use industry, and region.

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By type, the global market is divided into wet and dry. The wet type is supplied with 90% water content, which offers the advantage of a dust-free working environment and easy handling operation of the plastic microsphere. However, the dry form is ultra-light and highly fluid.

On the basis of end-use industry, the global market has been segmented into automotive, construction, sports & leisure, consumer goods, and others. The automotive end-use industry is projected to dominate the global market on account of the high production and sale of lightweight automobiles across the globe. This is attributed to the pertaining stringent regulations regarding the reduction of vehicular emission for environment protection. Moreover, the rapid growth of the construction industry due to the industrialization and urbanization as well as infrastructural development worldwide is driving the growth of the global market.

Regional Analysis

The global market, by region, has been segmented into five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest market share in 2018 owing to the high demand for the product in construction, automotive, and consumer goods industries. The rapid industrialization and urbanization in countries such as India, Vietnam, Thailand, and Malaysia have increased construction activities, which is expected to fuel the demand for expandable microspheres in the region.

The North American and European markets are expected to witness healthy growths due to increasing investments in infrastructural development and high production and sale of automobile components in the region.

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Competitive Analysis

Some of the prominent players operating in the global expandable microspheres market are Nanjing Chemical Material Corp. (China), Mark Impex (India), Matsumoto Yushi-Seiyaku Co.,Ltd (Japan), Nouryon  (Netherlands), KUREHA CORPORATION (Japan), Dennert Poraver GmbH  (Germany­), Chase Corporation (US), Nanosphere (China), SEKISUI CHEMICAL CO., LTD. (Japan), and Shanghai Joysun Chemical Co., Ltd (China)