Category Archives: Chemical

Nanomaterials Market Growth | Segments, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030

Nanomaterials are the nanosized materials; their thickness range less than 100 nm. The thickness range of these materials also known as the quantum regime is the key factor in defining the properties of the nanomaterials. They exhibit excellent properties including high strength, hardness, elasticity, electric conductivity, antimicrobial and self-cleaning properties, scratch-resistance, and chemical resistance, making them applicable in a wide range of applications. The growing demand for nanomaterials in the electronics and healthcare industries and increasing R&D and investments related to the new materials are factors likely to propel the growth of the global market in the years to follow.

Market Segmentation

The global nanomaterials market has been segregated on the basis of material type, application, and region.

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By material type, the global nanomaterials market has been divided into metal and non-metal oxides, carbon-based, chemicals & polymers, nano-ceramics, metals, dendrimers, and others. The metal and non-metal oxides segment accounted for the largest market share in 2018 and is expected to be the leading material type segment during the forecast period. The increasing demand for nano-oxides (silica, alumina), copper nanoparticles, silver nanowires, and nano-sized rhodium and palladium in the automotive and electronics industries is expected to be the key factor driving the growth of the segment during the review period. However, the carbon-based nanomaterials segment is projected to register the highest CAGR during the forecast period, 2019–2024.

On the basis of application, the global nanomaterials market has been categorized into transportation, electrical & electronics, healthcare, construction, packaging, consumer goods, energy, and others. The transportation segment is expected to be the leading application segment during the forecast period owing to the widespread use of nanomaterials in the automotive and aerospace industries. Nanostructured metals and polymer nano-composites are widely used in these industries owing to the various advantages offered by these materials, such as superb weight-to-strength ratio, enhanced resilience to vibration and fire, lightweight, reduced wear and corrosion resistance, UV resistance, and reduction in friction and emissions by the engine.

Regional Analysis

Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five key regions studied for the global nanomaterials market. The market in North America is projected to be the leading regional market during the forecast period owing to the widespread use of nanomaterials in the healthcare and automotive industries and strong support from the government and private sectors for the development of new and innovative applications of nanomaterials.

Asia-Pacific is projected to be the fastest growing regional market during the forecast period on account of the expanding automotive and medical industries in the region. Also, the use of nanomaterials in the electronics industry is increasing at a robust rate, which is likely to propel regional market growth.

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Competitive Analysis

The prominent players in the global nanomaterials market are BASF SE (Germany), Arkema Group (France), Evonik Industries AG (Germany), Hongwu International Group Ltd (China), SHOWA DENKO K.K (Japan), NANOCHEMAZONE (Canada), Strem Chemicals, Inc (US), Canum Nanomaterials Inc. (Canada), Promethean Particles Ltd (UK), and NanoMaterials Technology Pte Ltd (Singapore).

Primer Industry Outlook | Size, Segments, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030

The global primers market was valued at around USD 19.8 billion in 2018 and is expected to register a CAGR of approximately 5.8% during the forecast period, 2019–2025

A primer is a preparatory coating put on materials before painting. Priming ensures better adhesion of paint to the surface, increases paint durability, and provides additional protection for the material being painted. The key drivers of primer market are the growing demand for high quality interior and exterior view and better shelf life of materials, walls etc. The market is anticipated to be driven by industries such as automotive, construction, industrial & marine coatings with Asia Pacific being the most influencing market.

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Key Players

Some of the prominent players in the global primers market are BASF SE (Germany), Akzo Nobel NV (Netherlands), Asian Paints (India), Nippon Paint Holdings Co., Ltd (Japan), The Sherwin-Williams Company (US), PPG Industries Inc. (US), AXALTA (US), Valspar (US), Kansai Paint Co. Ltd (Japan), Jotun (Norway), Berger Paints India Limited (India), Hempel A/S (Denmark), RPM International Inc. (US), Masco Corporation (US), and Tikkurila OYJ (Finland).

Segmentation

The global primer market report has been segmented into material, application, end-use industry, and region.

Based on Type

  • Dispersants
  • epoxy resins
  • Biocides
  • Other

The dispersants held the largest market share in the global primer market as they increase the dispersion process and make the primer more stable are required in almost every application. 

Based on Application

  • Concrete
  • Wood
  • Metal
  • Plastic
  • Others

Due to the dominant market of construction & building segment, the concrete holds the largest segment in the global primer market.

Based on End-Use Industry

  • Automotive
  • Marine
  • Building & construction
  • Others

The construction and building segment holds the largest share in the global primer market due to growing industrialization.

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Regional Analysis

Geographically, Asia-Pacific is expected to account for the largest share in the primer market. This growth is majorly attributed to the growing population which in turn has increased the need of vehicles, rapid construction & infrastructure development, increasing disposable income as well as urbanization. Also, the presence of global players has been fueling the demand of such primer in the APAC region. Europe and North America are the matured market for such construction primer and are expected to grow steadily over the forecast period

Nylon Fibers Market Growth | Size, Share, Trends, Demand, Segments, Key Player Analysis and Comprehensive Research Study by 2030

Nylon fibers belong to the synthetic polymers group known as polyamides. Market Research Future (MRFR) has published and released a research report on the global nylon fiber market that predicts growth for this market between 2016 and 2023. Observing the market structure, this report offers insights about factors affecting the market growth. Measuring the market size and foretelling the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, government regulatory requirements relevant to market, mergers and acquisitions, market trends, new product developments, patents and technologies, research and developments (R&D), and strategic alliances.

The major factor supporting global market growth for nylon fiber is increased demand by end users. Another important factor in helping the market growth is increasing in demand in the application of nylon fibers in the automotive industry. However, the high competition from polyester, higher prices, lesser wrinkle resistance, and strict government regulations can obstruct the market growth.

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The global nylon fiber market has been segmented into application, end users, type, and lastly, region. The application-based segmentation segments this market into air filtration, carpet, clothes, fishing, packaging, and others. As per end users, the market has been segmented into automotive, industrial, textile, and others. By type, the market segmentation covers nylon-4,6; nylon-6; nylon-6,6; nylon-6,9; nylon-6,10; nylon-6,12; nylon-11; nylon-12; and others.

The regional segmentation of the global nylon fiber market segments the global market into regional markets known as Asia Pacific, North America, Europe, and rest of the world (RoW). The Asia Pacific is the biggest regional market in terms of production and supply because it has a huge manufacturing industry for automobile and textile industry. In this region, the demand is growing in India, Japan, and Taiwan, because of which, these countries are robust markets. Another dominant country-specific market in this region is China, followed by the remaining countries of the Asia Pacific region.

North America is a significant regional market due to the presence of various established industries that demand nylon fiber for industrial use. In this region, the major country-specific markets are USA and Canada. During the forecast period, North America can become the largest regional market in terms of demand. Many key market players are based in North America, especially in the USA.

During the forecast period, the European market is expected to exhibit rapid growth in the overall demand for nylon fiber market because Europe has a strong presence of strong automotive industries in the region. In this region, the vital country-specific markets are France, Germany, Italy, the Netherlands, and the UK, followed by the remaining countries of Europe.

The RoW region covers South America and the Middle East & Africa (MEA). In South America, countries like Argentina and Brazil are the strongest economies that have the potential to be great regional markets. MEA region is a small market due to poor countries, low per capita income, lack of awareness, lack of education, lack of advanced technology, and limited production.

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Key Players

The key players in the global nylon fiber market include Ascend Performance Materials (USA), Aquafil S.P.A (Italy), E. I. du Pont de Nemours and Company(USA), Fiber Innovation Technology Inc.(USA), Sumitomo Chemical Co. Ltd.(Japan), Toray Industries Inc. (Japan), and UBE Industries Ltd. (Japan).   

Latest Industry News

  • Houston-based textiles provider Ascend Performance Materials, is expanding its Greenwood County campus to bolster production of nylon polymer products. 18 DEC 2018

INVISTA’s CORDURA® brand has introduced its latest innovation in solution-dyed nylon (SDN) 6,6 fiber technology. They have launched it with their mill partner MMI Textiles who are a key supplier and a one-stop shop that supplies elastics, fabric, and webbing and in the textile marketplace for more than 21 years. 18 SEP 2018

Bioethanol Market Segments, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030

Market Research Future (MRFR) has announced a new release on the global bioethanol market. The report talks about the potential growth trajectory of the global bioethanol market with respect to the market’s historical growth patterns and current conditions. The granular structure and competitive landscape of the global bioethanol market has also been studied in the report to familiarize readers with the internal structure and dynamics of the market. According to the report, the global bioethanol market was valued at USD 34,059.3 million in 2017 and is expected to rise to a valuation of USD 44,396.5 million by 2023 at a strong CAGR of 4.61% over the forecast period (2018-2023).

The global bioethanol market has been driven mainly by the growing recognition of the need to reduce greenhouse gas emissions due to their adverse environmental impact. Conventional fuels such as petrol and diesel emit significant amounts of greenhouse gases, due to which bioethanol has become an increasingly popular alternative to be used in isolation as well as in combination with the traditional fuels. Growing government support to the use of bioethanol is likely to be a major driver for the global bioethanol market over the forecast period. An increasing number of governments investing in the production of bioethanol as well as setting up appropriate infrastructure required for its large-scale adoption is likely to continue over the forecast period and drive the global bioethanol market at a sturdy growth rate.

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Technological development in the bioethanol industry has led to development of second- and third-generation bioethanol, which is likely to remain a highly promising avenue in the global bioethanol market over the forecast period. Developing production processes that yield the highest amount of bioethanol most efficiently is likely to be a key competitive strategy for players operating in the bioethanol market.

Segmentation:

The global bioethanol market is segmented on the basis of raw material, application, and region.

By raw material, the global bioethanol market is segmented into maize, wheat, sugarcane, industrial beet, cereals and starch, and others. Maize is likely to dominate the global bioethanol market over the forecast period due to its large-scale production all over the world and the consequent ease of its availability. Maize accounted for 42.7% of the global bioethanol market in 2017. It can rise from a value of USD 14,535.5 million in 2017 to USD 19,795.1 million by 2023. The segment can accrue a volume of 49,915.9 thousand tons by 2023, at a CAGR of 4.25% during the forecast period. Wheat follows maize in terms of volume and value. This can be attributed to excess of agricultural residue within wheat straws. It can reach a value of USD 11,626.2 million by 2023. The segment’s volume is predicted to touch 27,328.3 thousand tons in the same year.

By application, the global bioethanol market is segmented into transportation, food and beverages, industrial, power generation, medical, and others. Transportation accounted for a dominant share of 79.1% in the global bioethanol market in 2017, followed by food & beverages. It is likely to remain by far the most dominant application of the bioethanol market over the forecast period due to the growing scale of commercial and passenger transportation and the high cumulative impact of the overall transportation sector on the environment. It can exhibit a CAGR of 4.76% over the forecast period to rise from a value of USD 26,947.3 million in 2017 to USD 35,436.7 million by 2023.

Regional Analysis

The global bioethanol market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

North America held a 58% share in the global bioethanol market in 2017 and is likely to remain the leading contributor over the forecast period due to the growing popular and government support to the development of environmentally viable and sustainable fuels. The widespread cultivation of maize in North America has also provided the bioethanol market in the region with a highly promising and fertile business environment. The region is expected to be the major regional market for bioethanol due to the growth of the transportation sector and increasing mandates to make the sector more viable from an environmental perspective. The regional market was valued at USD 19,743 million in 2017 and is expected to rise to a valuation of USD 25,987.6 million by 2023. The market volume can touch 63,377.7 thousand tons by 2023, at a CAGR of 3.71% during the assessment period.

Latin America is likely to retain the second position in the global bioethanol market behind North America due to the growing government support for the use and production of bioethanol. Brazil is the second largest producer of ethanol fuel in the world, accounting for close to a quarter of the global figures for the same. Bioethanol production in Latin America is likely to continue to grow at a steady rate over the forecast period due to the conducive environmental conditions and supportive government regulations. The region can reach a valuation of USD 12,611.7 million by 2023. It can accumulate a volume of 29,673.4 thousand tons in the same year.

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Competitive Landscape:

Dominant players in the global bioethanol market include Cropenergies AG (Germany), Cristal Union (France), Archer Daniels Midland Company (U.S.), Petrobras (Brazil), Tereos (France), Alcogroup (Serbia), DowDuPont (U.S.), BlueFire Renewables Inc. (U.S.), Pannonia Bio (Hungary), Valero Marketing and Supply Company (U.S.), and BP PLC (U.K.).

Cement And Concrete Additives Industry Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2030

Market Research Future (MRFR) has announced a new release on the global cement and concrete additives market. According to the report, the global cement and concrete additives market is expected to rise to a valuation of USD 32,706.5 million by the end of the forecast period (2018-2023). It can exhibit a solid 8.16% CAGR during the period to reach the benchmark.

Cement and concrete additives are substances added to cement and concrete to improve their characteristics in some way. The properties gained can expedite the construction process rapidly and assist the realty sector to flourish. The growing construction industry is likely to be the major driver for the global cement and concrete additives market over the forecast period.

The construction industry has grown rapidly in developing as well as developed nations over the last decade due to the growing demand for new infrastructure as well as residential construction in the former and the growing need for renovation projects in the latter. The growing demand for high-performance construction materials is likely to be a major driver for the global cement and concrete additives market. The construction industry has been quick to make use of technological innovations to improve its output, resulting in growing demand for construction materials that have been enhanced in some manner. The growing demand for high-performance construction projects, including in advanced buildings and innovative construction, is likely to drive the global cement and concrete additives market over the forecast period.

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Emergence of 3D printing technologies that can aid in construction is likely to lead to an increase in the demand for fiber additives over the coming years. This could become a major opportunity for players in the global cement and concrete additives market, as 3D printing has immense advantages that the construction industry will look to incorporate into its workings. The growing adoption of technological advancements in the construction industry in developed as well as developing countries is thus likely to be a major driver for the cement and concrete additives market in the coming years.

Segmentation:

The report segments the global cement and concrete additives market by type, application, and region.

By type, the cement and concrete additives market is segmented into chemical, mineral, and fiber additives. The chemical additives segment dominates the global cement and concrete additives market and is likely to remain the leading contributor to the market over the forecast period, emerging with a market share of close to 50% by 2023. The chemical additives segment is expected to account for USD 15,127.4 million by 2023.

By application, the market is segmented into residential, industrial, commercial, and other construction. Residential construction is likely to remain the major contributor to the global cement and concrete additives market over the forecast period, emerging with a value of USD 14,589.8 million by 2023.

Regional Analysis:

By region, the report takes a look at the state of the cement and concrete additives market in North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific. Asia Pacific is likely to be the major regional segment of the global cement and concrete additives market over the forecast period, holding a share of close to 50% in the global market. The APAC market is expected to reach a value of USD 16,385.4 million by 2023.

The growing population and urbanization in Asia Pacific has given rise to a growing demand for residential construction, as an ever-increasing number of people are flocking to urban regions in search of job opportunities. This is likely to remain a key driver for the global cement and concrete additives market over the forecast period, as new construction in the region is likely to employ new and technologically advanced construction materials and mechanisms to produce a lasting impact.

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Competitive Landscape:

Leading players in the global cement and concrete additives market include Borregaard LignoTech (Norway), BASF SE (Germany), Cementaid (Australia), Fosroc Inc. (U.K.), CEMEX S.A.B. de C.V. (Mexico), Oscrete Construction Products (Australia), GCP Applied Technologies Inc. (U.S.), Sika AG (Switzerland), Elkem ASA (Norway), and Yara International ASA (Norway).

Recycled Polypropylene Industry Scenario, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030

Polypropylene is on the major thermoplastic polymers, with major application in the packaging, automotive, and building & construction industries. However, the waste from the polypropylene products degrade gradually when disposed in the landfills and take approximately 20 to 30 years to decompose completely. This has caused a major environmental concern due to the toxic additives such as lead, and cadmium used during the formulation of the products. This has been leading to the increasing need for recycling the waste polypropylene and reuse it in the major end-use applications.

Market Segmentation

The global recycled polypropylene market has been categorized into process, source, end-use, and region.

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On the basis of process, the global recycled polypropylene market has been segregated into mechanical and chemical. The mechanical recycling is a well-established technology for recycling polypropylene and is projected to be the leading process segment during the forecast period. This can be mainly attributed to the various advantages offered by the process, part of the resources consumed for the production of the plastic materials is not wasted during the mechanical recycling and cost competitiveness over chemical process.

By source, the global recycled polypropylene market has been divided into bottles, films, bags, foams, industrial and agricultural waste, and others. The bottles segment accounted for the largest share of the global market in 2017. This is mainly due to the increasing consumption of processed food and beverages, which is mainly provided through plastic bottles manufactured using polypropylene. Robust growth of the food & beverages industry globally due to the rising population is expected to drive the market growth in the coming years.

Based on application, the market is segmented into packaging, automotive, building & construction, textiles, medical, electronics, and others. The packaging is the leading application segment and is projected to grow at the highest CAGR during the review period, owing to the rising demand for recycled propylene in the food packaging applications. In addition, the industrial packaging sector is booming which is further expected to favor the market growth.

Regional Analysis

The global recycled polypropylene market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The North American market held the largest share of the global market in 2017. The robust growth in plastic recycling technology and rising awareness regarding the impacts of plastic generated waste is driving growth of the regional market. Moreover, the strengthening environmental regulations pertaining to virgin plastic production has hampered the plastic production and hence fueled the demand for recycled plastic obtained from the waste. Furthermore, the rising automotive production based on recycled polymers in the region is driving the market growth.

Europe held the second-largest share of the market in 2017 on account of the regulatory environment regulations pertaining to the plastic wastes. The regional market in Asia-Pacific is expected to register the highest CAGR during the forecast period on account of the rapid growth of the packaging industry in the region.

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Competitive Analysis

The leading players in the global diisononyl phthalate market are MBA Polymers Inc. (Austria), Veolia Polymers NL B.V. (The Netherlands), SUEZ (France), KW Plastics (US), Jayplas (UK), B&B Plastics Inc. (US), Custom Polymers (US), Joe’s Plastic, Inc. (US), Ultra Poly Corporation (US), and PLASgran Ltd. (UK), among others.

Specialty Chemicals Industry Size, Segments, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2030

The global specialty chemicals market, during the forecast period, will register growth at a high CAGR. The market for specialty chemicals is set to reach US$1000 billion by 2023. As per specialty chemicals market analysts, the global market is anticipated to witness growth owing to the factors such as the growing application spectrum of specialty chemicals as well as demand from several large-scale manufacturing sectors. However, the specialty chemicals market will face challenges and restraints due to fluctuation in raw material prices and Industrial activities being halted during the forecast period.

Shift from commodity chemicals to specialty chemicals in the specialty chemicals industry is set to play a key role in determining the growth potential during the coming years. Analysts have also studied the market to understand potential threats and challenges the specialty chemicals market companies could face. Although the global specialty chemicals market is poised to grow at a fast pace across type and source segments, factors such as supply chain breakdowns could slow down the specialty chemicals market’s growth worldwide.

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Market Segmentation

The market has been segmented into type and source. Based on the segment which is type, the market is categorized on the basis of agrochemicals, bio-based chemicals, construction chemicals, dyes & pigments, flavors ingredients, fragrances ingredients, personal care active ingredients, polymer additives, surfactants, textile chemicals, water treatment chemicals, and others. The global market for specialty chemicals is further segmented based on source into butane, crude oil, ethane, naphtha, propane, wood, and others. In 2017, the naphtha segment accounted for two-thirds of the specialty chemical sector.

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

Regional Overview

The persistent price fluctuation may hinder the specialty chemicals market growth. The market research report suggests that companies in the market could be supported by a diverse application range of specialty chemicals as well as favorable trends in the automotive industry during the forecast period. The market for specialty chemicals is set to register growth at a high CAGR owing to these key factors. The specialty chemicals industry is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global specialty chemicals market research report reveals that APAC, North America, and Europe regional specialty chemicals markets will dominate the global market for specialty chemicals during the forecast period. As per specialty chemicals market analysts, the market is set to witness tremendous growth across naphtha and bio-based chemicals segments in North America which covers specialty chemicals markets across the United States, Canada, Mexico and several other regional markets. Companies active in the specialty chemicals market are also analyzed and studied in the specialty chemicals market research report.

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

Competitive Landscape

Specialty chemicals have seen increased demand over the years, due to stringent laws on using petroleum-based products and the development of new specialty chemicals. Companies functioning in the global specialty chemicals market are also being challenged due to labor deficiencies and the surging effect of the pandemic across several sectors. Mergers and acquisitions by specialty chemicals market companies are anticipated to help the market during the forecast period. As the specialty chemicals market is set to register a high CAGR and is also anticipated to reach a US$1000 billion by 2023, the report highlights key areas companies need to focus on. The report suggests that the specialty chemicals market will see a healthy growth in the long run till 2023. Based on SWOT analysis and specialty chemicals market’s analysis based on Porters’ Five Force Model presented in the specialty chemicals market report. Mergers and acquisitions by specialty chemicals market companies are anticipated to help the market during the forecast period. 

Key market participants profiled in MRFR’s report include AkzoNobel N.V (Netherlands), Ashland Inc. (U.S.), Givaudan (Switzerland), Evonik Industries AG (Germany), Exxon Mobil Corporation (U.S.), Lanxess AG (Germany), Croda International Inc. (Switzerland), Solvay S.A. (Belgium), Lenzing AG (Austria), DowDuPont, Inc. (U.S.), Henkel AG & Co. KGaA (Germany), BHS Specialty Chemicals (U.S.), H.B Fuller (U.S.), BASF SE (Germany), and  Clariant AG (Switzerland).

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Industry News

Geo Specialty Chemicals was purchased by private equity company Arsenal Capital Partners. Financial information has not been released. Geo provides products from 19 manufacturing facilities in the US and Europe for polymers, coatings, waste management and eye glasses. Arsenal says the procurement would extend its specialist chemical network for CPS Performance Materials. This unit comprises Arsenal purchased FAR Chemicals (FAR), a manufacturer of chemical-lit light sticks and medicinal products, a producer of polymers, acquired in 2018.

Silicone Adhesives Market Demand, Key Player profile, Size, Growth, Trends, and Regional Outlook by 2030

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.Get a FREE Sample@ https://www.marketresearchfuture.com/sample_request/5174

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.

Benzaldehyde Industry Demand, Size, Growth, Trends, Key Player profile and Regional Outlook by 2030

The Global Benzaldehyde Market has been evaluated as steady growing market and expected that the market will reach high growth figures. Benzaldehyde is colorless liquid with almond fragrance as it can be extracted from cherry stone and almond using enzyme. The benzaldehyde produced by oxidation of toluene or treating benzal chloride with alkali. Air oxidation of toluene uses liquid phase process to extract synthetic benzaldehyde. With increase in usage of benzaldehyde in wide area of application like pharmaceutical, aroma chemicals and agrochemical industries is propelling the growth of benzaldehyde market. Aroma chemicals share a largest market in this market. Moreover, increase in demand of cosmetics, perfumes and personal care products is expected to boost the market of aroma chemical. Pharmaceutical share second largest market share followed by agrochemicals owing to increase in demand for pesticide and herbicides in agriculture. Other industries like food & beverages and dye & coating are exhibiting higher demand in coming years.

Based on derivatives, benzoic acid share largest market. benzoic acid is largely used in food and agriculture industry. These industries are expected to grow in forecasted period due to rise in consumption rate and growing population. Increase in demand for personal care products, perfumes and cosmetics are ultimately increasing demand for benzaldehyde as it is used to provide fragrance. Benzaldehyde acts as stabilizer and sweetener in food industry. Therefore, it is expected to grow the benzaldehyde market in near future.

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As benzaldehyde is used as flavoring agent, it is best used in aroma chemicals. The FDA has also approved benzaldehyde as synthetic flavoring substance which is safe to be used in food and agrochemicals products. The growing economy of Asia-Pacific region such as India and China are blooming the benzaldehyde market growth. This is attributed due to growing end user industries, improving infrastructure and wide application. Government regulation regarding the usage of chemicals in particular industries will hamper the market. North America is expected to show steady growth due to steady innovation in benzaldehyde and saturation of application industries. Europe is expected to be slow market as usage of certain chemicals in industries is prohibited by government.

Global Benzaldehyde Market Players:

The major participants of this market are: Emerald Performance Materials LLC, Gujarat Alkalies and Chemicals Limited, LANXESS AG, Kadillac Chemicals Pvt Ltd, Jiangsu Jiamai Chemical Co. Ltd, Wuhan Dico Chemical Co. Ltd, Penta S.R.O, and Taj Pharmaceutical Limited.

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Segmentation:

The Global Benzaldehyde Market is majorly segmented on the basis of derivatives and application. Based on derivatives, the market is segmented into cinnamic acid, benzoic acid, sodium benzoate, benzyl alcohol and others. Further on the basis of application the market is classified into dyes & coatings, pharmaceuticals, aroma chemicals, agrochemicals and others.

Metalworking Fluids Industry Trends, Size, Share, Demand, Key Player profile and Regional Outlook by 2030

The Global Metalworking Fluids Market, as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2016-2023).

Metalworking fluids help to elevate a vehicle’s component life by maintaining lubrication, reducing thermal & physical deformation, and minimizing wear. It also delivers excellent surface texture and finish in cutting and welding zone. Soaring consumer spending towards vehicle modifications is likely to augment the product demand by the end of the forecast period. Metalworking fluids also assist in lubricating cutting tool edge, which offers a cleaner cut besides improving the overall work hours of the tool. Such factors are estimated to encourage the market growth in the coming years.

Metalworking fluids play a vital role in the automobile industry due to its ability to offer top-notch surface finish and reduce friction between tool and workpiece. It is extensively used in the heavy machinery industry, which is experiencing significant growth, especially in emerging nations like Brazil, China, India, Russia, and other Southeast Asian nations.

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On the contrary, increased dumping of hazardous waste has resulted in several environmental issues, thereby contributing to natural resource pollution. This is a major concern likely to retard the market growth across the globe. Health risks to workers arising from microorganisms and chemicals in metalworking fluids will pose a great threat to the overall market.

Global Metalworking Fluids Market: Segmental Analysis

The global metalworking fluids market has been segmented on the basis of fluid type and application.

By fluid type, the metalworking fluids market is segmented into soluble oils, straight oils, semi-synthetic oils, synthetic oils, and others. Of these, the soluble oils segment is predicted to gain prominence as their high oil content offer perfect lubricity for cutting operation, enhances surface finish, and provides protection to the machine tool. They are also ideal for general purpose cutting operations on medium and low tensile brass, steel, bronze, and cast iron.

The application segment comprises industrial machinery, transportation equipment, construction, automotive, metal fabrication, and others. Of these, the transportation equipment segment is considered the largest due to the rapid growth of the transportation sector, owing to emerging means of transportation and expansion in global trade.

Regional Frontiers

Geographically, the metalworking fluids market spans across North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific will expand at the fastest rate, mainly due to rapid growth of major end user industries like automotive and building & construction, coupled with rapid industrialization in the region. Countries like Japan, India, China, and South Korea are considered dynamic regions, acquiring a prominent share of the regional market. Robust growth in the manufacturing and automotive industries are likely to influence the market demand. China led the shipbuilding and automotive industries in 2017. The global shift of MNCs to the region due to lenient regulations and cost-effective labor will catalyze the demand for the product in the years to come.

North America will acquire the second spot, with the U.S. leading the market owing to the existence of well-established end users like marine and aerospace & defense. Europe is considered a major region, with France, the U.K., Switzerland, and Germany contributing a major share to the market. Automotive industries and industrial machinery in the region are garnering maximum demand for metalworking fluids, which is encouraging the regional market’s growth.

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Competitive Dashboard

The top players operating in the metalworking fluids market include Indian Oil Corporation Ltd (India), Total S.A. (France), Henkel AG & Co. KGaA (Germany), Chevron Corporation (U.S.), HPCL (India), Exxon Mobil Corporation (U.S.), BP (India), Houghton International Inc. (U.S.), Croda International Plc. (U.K), Shell (the Netherlands), and China Petrochemical Corporation (China).