Chemicals & Materials – Page 9 – Latest Market Trends

Dimer Acid Market Projected To Reach Height of USD 2.30 billion By 2024

Rapid industrialization in developing economies across Asia Pacific and North America is anticipated to stimulate market expansion over the forecast period.

The global dimer acid market size is expected to value at USD 2.30 billion by 2024. The market is subject to witness a substantial growth due to the increasing demand for polyamide type of resins in coatings and adhesives industries. Rapid industrialization in developing economies across Asia Pacific and North America is anticipated to stimulate market expansion over the forecast period.

In addition, rise in the number of manufacturing activities in the BRICS economies such as, Brazil, India, Russia, China, and South Africa is projected to expand market reach of dimer acid industry in the upcoming years. Growing number of infrastructure activities for better residential as well as public infrastructure, particularly in Asia Pacific region are propelling market growth, in the recent years. Globally, the dimer acid market is predicted to grow at CAGR of 4.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Increasing demand from building & construction sector is predicted to amplify market value of dimer acid over the forecast period. In addition, increasing government spending on various infrastructural projects, particularly in the Asia Pacific and South America region are anticipated to fuel market expansion over the coming years. Polyamide resins such as dimer acid are adopted for production of adhesives & construction materials due to their unique structural properties.

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Moreover, oilfield chemicals are used in wide range application involving oil & gas extraction, and processing activities. These chemicals are also widely adopted for drilling, refining, and hydraulic fracturing activities. The factors are expected to play vital role in future growth of dimer acid industry over the next seven years. Common oilfield chemicals, which are used as a raw material, include corrosion & scale inhibitors, wetting agents, surfactants, and demulsifiers.

Shifting trend towards local energy generation rather than energy import, to become self-sufficient and cater to the growing energy demand in developing economies across the Asia Pacific region are expected to fuel market demand for dimer acid in the near future. Rise in the number of drilling activities across the globe to meet growing energy demand is estimated to favor growth of oilfield chemicals, thus fostering dimer acid demand as well.

The dimer acid market is broadly categorized into three major segments based on the application type such as nonreactive polyamide resins, reactive polyamide resins, and oilfield chemicals. The reactive polyamide resins is considered as one of the fastest growing segment in the dimer acid industry with substantial revenue generation in the last few years.

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Growing popularity of the reactive polyamide resins segment is attributed to their growing demand in the building & construction sector, particularly in epoxies & floor coatings in order to improve overall performance. The non-reactive polyamide resins segment has also witnessed substantial growth owing to the increasing use of resins in different industry verticals as a solvents, flexographic printing inks and paper coatings.

The dimer acid market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in coatings and adhesives industries, substantial increase in the number of research & development activities in the region, and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the dimer acid with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with favorable regulations and government initiatives, strong economic growth, rapid industrialization and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the dimer acid industry are Florachem Co., BASF SE, AZ Chem Holdings LP, Emery OleochemicalsSdnBhd, Aturex Group, AnqingHongyu Chemical Co., Ltd., Oleon N.V., Novepha Co., Ltd., Harima Chemicals Group, Inc., and Nissan Chemical America Co.

Market Segment:

Global Dimer Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
• Nonreactive Polyamide Resins
  • Polyamide Resins
  • Oilfield Chemicals
  • Others

Global Dimer Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • North America
      • U.S
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • India
      • China
  • Central & South America
  • Middle East and Africa

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Polyurethane Dispersion (PUD) Market Worth About USD 1.6 billion By 2022

The global Polyurethane Dispersion (PUD) Market size is expected to value at USD 1.6 billion by 2022. The market is subject to witness a substantial growth due to the robust growth in various verticals such as buildings & construction industry, automotive sector, packaging industry, textile and leather industry. Rising demand for leather and textile products from Asia Pacific and North America region are expected to augment market demand for polyurethane dispersion (PUD) over the next seven years. Globally, the polyurethane dispersion (PUD) market is predicted to grow at CAGR of 5.9% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Rapid growth of automotive sector in the Asia Pacific and South-Central America region is one of the major contributing growth factor. Increase in manufacturing of vehicles owing to lower manufacturing cost are anticipated to fuel market demand for polyurethane dispersion (PUD) products. Favorable government initiatives and policies to promote use of polyurethane dispersion (PUD) are expected to offer lucrative growth opportunities for industry participants in the upcoming years. Recent technological advancements in the automotive industry coupled with development of innovative products such as waterborne polyurethane dispersion (PUD) and hot melts coating are anticipated to foster the market growth.

Waterborne polyurethane dispersions (PUDs) coatings and adhesives are water soluble in the nature are commonly preferred over solvent-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature. Stringent laws & regulation associated with the use of volatile organic compounds (VOCs) that generates hazardous air pollutants (HAPs) are expected to drive the market demand for polyurethane dispersions (PUDs) coatings and adhesives for various industrial as well as commercial applications.

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Polyurethane dispersions (PUDs) coatings and adhesives exhibit properties such as stability, flexibility, easy to use and solubility. Development of ambient-cured (air dried) or baked coatings that are highly flexible with rigid substrates, which are used for production of flooring elements, fabric, leather, metal, plastics and paper. These factors are anticipated to stimulate the growth of polyurethane dispersion (PUD) industry over the forecast period. In addition, polyurethane dispersions (PUDs) are commonly used as graphic art inks, adhesives for shoes and textiles and leather coats. Methylene diphenyl di-isocyanate (MDI), Toluene di-isocyanate (TDI) and polyols are raw materials that are used for manufacturing polyurethane dispersions (PUDs). Volatility in the cost of raw material prices is considered as one of the major challenge faced by polyurethane dispersion market, in the recent years.

The polyurethane dispersion (PUD) industry is broadly categorized into two major segments based on the product type such as water based polyurethane dispersion (PUD) adhesives and solvent-based polyurethane dispersion (PUD) adhesives. The water-based polyurethane dispersion (PUD) adhesives is considered as one of the fastest growing segment in the PUD market with substantial revenue generation in the last few years.

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Growing popularity of the water based polyurethane dispersion (PUD) adhesives segment is attributed to the favorable regulatory norms and rising consummation. The solvent-based polyurethane dispersion (PUD) adhesives segment has witnessed a steady growth due to the increase in consummation of water-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature.

The PUD industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the buildings & construction industry, automotive sector, and packaging industry, and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the polyurethane dispersion (PUD) with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid urbanization, substantial growth in various end-user industries, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the polyurethane dispersion industry are Alberdingk Boley, Inc., BASF S.E., Cytec Industries, Inc., Covestro, Chemtura Co., Dow Chemical Company Pvt., Ltd., Hauthaway Co., Mitsui Chemicals, Inc., and Lubrizol Co.

Market Segment:

PUD Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
• Water-based dispersions
• Solvent-based dispersions

PUD Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
  • Textile Finishing
  • Natural Leather Finishing
  • Synthetic Leather
  • Others

PUD Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

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Hexane Market Is Burgeoning Worldwide By 2025

The Hexane market is projected to observe an exponential development due to growing demand from the business of oil & gas drawing out.

The global Hexane Market was appreciated at US$ 1.75 billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of prediction. The Hexane market is projected to observe an exponential development due to growing demand from the business of oil & gas drawing out. It proposes excellent presentation due to the possessions for example stress-free miscibility with ether, alcohol and chloroform, small water solubility with water, and transparency. These physical characteristics are projected to motivate the hexane market.

Growing usage of hexane in the manufacturing of petrochemicals and rubber is expected to increase the global market above the subsequent eight years. Furthermore, possessions for example the capability to conservation of color, eliminate undesirable flavor, and additional unwanted possessions of foodstuff are expected to motivate its demand in the manufacturing of eatable oil industry.

The Hexane industry on the source of Type of Application could span Leather Treatment, Industrialized Solvent, Bonding Agent Preparation, Removal of Eatable Oil. “Removal of Eatable oil” was the leading subdivision of application, responsible for above 35% stake of the international market capacity during the year 2015. Hexane is progressively utilized in the manufacturing of eatable oil such as an oil extracting for seed harvests. Development in this subdivision is credited to the growing alertness among customers on the subject of the usage of refined oil and the fitness influence connected with it.

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The application of Hexane as Industrialized Solvent is vital. It is estimated to develop at a CAGR of 3.0% for the duration of prediction. Usage of solvents have meaningfully altered the contemporary living and are a precious resolution for businesses extending from applications for example the production of cosmetics, bonding agent, printing ink, medicines, coats & coverings.

The Hexane market on the source of Type of Grade could span Extraction, Polymerization. The subdivision of Extraction grade ruled the international business and is responsible for above half of the international income during the year 2015. The business is increasing at a substantial speed due to the great standard improvement necessary by the businesses of drawing out and foodstuff productions.

The Hexane industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East and Africa. By the source of geography, Asia Pacific is the biggest and the speedy market of hexane.

Europe tracked the Asia Pacific by means of manufacture during the year 2015. Abstemiously increasing manufacturing of bonding agent and rubber projected to motivate the provincial demand. Increasing demand in the manufacturing of leather and footwear, mainly from Turkey and Italy expected to motivate provincial demand.

The economy of Europe is overpowering the latest financial go-slow; ithad ongoing positive influence on the manufacturing sector. On the other hand, Brexit projected to hold back development of the economy in the small course, additionally influencing business dynamic forces in the area. The market in North America is observing reasonable progress because of declining industrialized manufacture and greater infiltration important to a comparatively established economy. Companies are relocating their manufacturing units in Asia Pacific due to the obtainability of plot and trained manual labor by a reasonably lesser price.

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The statement revises Trades in terms of intake of Hexane in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are NOAH Technologies Corporation, City Chemical LLC, GFS Chemicals, Inc., Mil-Spec Industries Corp., Aqua Phoenix Scientific, Continental Chemical, and Environmental Equipment & Supply. Additional notable companies operating in the market are- Del Amo Chemical Co., Clear Chem Solutions, Reagents, Hydrite Chemical Co., Hu kill Chemical Corp., Havilland Enterprises, Inc., Capitol Scientific, Dawn Scientific, GreenChem Industries, LLC, and Scientific Solutions, LLC.

Market Segment:

Global Hexane Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
• Polymerization
• Extraction
• Others

Global Hexane Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
  • Edible Oil Extractant
  • Industrial Solvent
  • Adhesive Formulation
  • Leather Treatment
  • Others

Global Hexane Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • India
      • Japan
  • Central & South America
      • Brazil
  • Middle East & Africa
      • Saudi Arabia
      • UAE

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Triethylene Glycol (TEG) Market Bag A Mark of USD 718.3 Million Globally With Key Players

Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products.

Global Triethylene Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022. Tri-ethylene glycol is an odorless, colorless, hygroscopic liquid and non-volatile in nature. Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products. Tri-ethylene glycol is used as vinyl plasticizer, as in-between in the manufacture of polyester polyols and resins, and as a solvent in several various applications.

The factors that propel the growth of the TEG industry include rising demand for solvents and increasing oil & gas investigation activities across the world. On the other hand, there are factors that may hamper the growth of the market including higher derivatives of glycols, and high cost of production. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Triethylene Glycol (TEG) industry may be explored by product type, application, and geography. The market may be explored by product type as industrial Grade, and Other. The key application that could be explored in the TEG Market include Solvents, Polyester Resins, Natural gas dehydration, Plasticizers, Humectants, Polyurethanes, and Others. The “Natural Gas Dehydration” segment led the Triethylene Glycol industry in 2015 and is anticipated to maintain its dominance by 2022.

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Asia-Pacific accounted for the major share of the Triethylene Glycol (TEG) Market Size in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising use of gas as a fuel source in India, China, Japan, and South Korea. Improved demand for TEG in the region.

Some of the key players that fuel the growth of the Triethylene Glycol industry comprise ExxonMobil, LyondellBasell, Honeywell International Inc. E.I. duPont de Nemours & Company, 3M, Ineos, Honam Petrochemical Corporation, Shell, SABIC, Clariant, and Reliance Industries Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Global TEG Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
• Natural gas dehydration
  • Solvents
  • Plasticizers
  • Polyurethanes
  • Humectants
  • Polyester Resins
  • Others

Global TEG Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
  • North America
      • U.S.
• Europe
• Germany
• Asia Pacific
      • China
      • India
  • Latin America
  • Middle East and Africa
      • Saudi Arabia

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Polyimide Film Market Is Burgeoning Worldwide By 2025

Global Polyimide Film Market is estimated to reach USD 3.12 billion by 2025 owing to the revolutionary advancements in automobile and aerospace industry concerning to high-end quality products.

Global Polyimide Film Market is estimated to reach USD 3.12 billion by 2025 owing to the revolutionary advancements in automobile and aerospace industry concerning to high-end quality products. Polyimide (PI) films contain polyimide and polymer of imide monomer finds their use in harsh environments to assure reliability and durability. They are highly known for their features like high chemical resistance, temperature resistance and high dielectric constant.

Due to these properties, PI films are used in manufacture of heat resistant electronic components like pressure sensitive tapes, flexible printed circuits (FPC) and wires. Several polyimide film products are available that possess unique combination of properties that make it ideal for a variety of applications in multiple industries. Owing to these characteristics, polyimide films market is predicted grow at a CAGR of 8.6% in near future.

The use of polyimide films are impacted by the increase in demand for electronic products across the world. These films are used in manufacturing of flexible circuits that are deployed in several consumer electronic like laptops and smartphones. These films also witness a broader scope in the aerospace industry due to their lightweight feature that helps in fuel saving & improving engine performance. Owing to these properties, polyimide film industry is predicted to gain a greater traction.

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The growing consumer electronic products that are light in weight is projected to stimulate the market growth in the years to come. Wireless communication and flexible displays are anticipated to offer lucrative opportunities for the growth of polyimide films industry in the coming years. However, the market is expected to face obstacles due to high costs of manufacturing of polyimide films since they are produced through film casting techniques that require high temperature.

Polyimide film market growth will also be restrained from the poor hydrolysis resistance of polyimide films in near future since polyimide films are comparatively low efficient in the humid weather. At present, the major market players are focusing on increasing research & development activities for improved manufacturing of polyimide films. Mergers, strategic collaborations, and acquisitions are key strategies followed by major companies in order to increase their regional presence

Polyimide film industry is categorized on the basis of application, end-user and geography. On the basis of application, the market is divided into Flexible Printed Circuit, Specialty Fabricated Product, Pressure Sensitive Tape, Motor/Generator, and Wire & Cable. On the basis of end-user, polyimide film market is classified into Electronics, Automotive, Aerospace, Labelling, Medical, and mining & Drilling. Geographically, the market is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia pacific is projected to dominate the market in the coming years due to the high demand for consumer electronics.

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Some of the major players operating in the polyimide film industry are Arakawa Chemicals Industries Ltd., SKCKOLONPI, Inc., E.I. Du Pont De Nemours and Company, FLEXcon Company, Inc., Kaneka Corporation, Saint-Gobain S.A., Taimide Tech. Inc., Ltd., I.S.T. Corporation, UBE Industries Ltd., and Yunda Electronic Materials Co.

Market Segment:

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• Flexible printed circuit
  • Wire & cable
  • Pressure sensitive tape
  • Specialty fabricated product
  • Motor/Generator

End-use Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • Electronics
  • Aerospace
  • Automotive
  • Labeling
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
  • Europe
      • Germany
      • UK
      • France
  • Asia Pacific
      • China
      • India
      • Japan
  • Central & South America
  • Middle East & Africa

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Integrated Pest Management (IPM) Market Achieve Mildstone of USD 151.0 Billion

Integrated pest management industry is driven by factors such as rise in adoption of modern pest management approach and the rising concern for hazardous effects on environment and regulatory affairs.

The global Integrated pest management (IPM) market is anticipated to cross USD 151.0 billion by 2025. Integrated pest management is an approach toward preventing any harm done by pests in the farm. Integrated pest management industry is driven by factors such as rise in adoption of modern pest management approach and the rising concern for hazardous effects on environment and regulatory affairs.

Extensive farming and agricultural practices with an objective to produce more than three to four crops a year is gaining a wide traction, which, in turn, triggers the use of pest management to protect the crops from unwanted weeds and insects. The integrated pest management market is expected to gain a strong foothold during the forecast period owing to the rise in use of pesticides in commercial and residential sector.

Integrated pest management (IPM) industry is segmented into weeds, pathogens, invertebrates, pathogens, and vertebrates. By control, the integrated pest management (IPM) market is segmented into cultural, physical, chemical, and biological. Biological segment is expected to account for a significant market share in the forecast period due to change in environment.

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Application segment for integrated pest management (IPM) industry includes agriculture, commercial and residential.“Agriculture” segment is expected to account for a higher CAGR in the forthcoming period due to rise in development of various pest control products for different crop type. Commercial sector is likely to gain a significant growth in the forthcoming period due to difference in usage and approach for different crops.

Geographical segmentation for integrated pest management market includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific’s market is expected to gain a positive traction in the forthcoming period due to increase in agricultural activities. North American and European markets are expected to gain an upward traction in the forthcoming period due to stringent regulations by government. Middle East and African countries have registered a remarkable CAGR in the past years and expects to continue witnessing a higher growth curve due to extensive farming in African regions and prevalence of insects and pests.

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The key players in the integrated pest management industry include BASF SE, Advanced Integrated Pest Management (IPM) market include BASF SE, SGS SA, MB Integrated Pest Control, Ecolab Inc, IPM Technologies Pty Ltd., and Bayer Crop Science LP.

Market Segment:

Pest Type Outlook (Revenue, USD Million, 2014 – 2025)
• Weeds
  • Invertebrates
  • Pathogens
  • Vertebrates

Control Method Outlook (Revenue, USD Million, 2014 – 2025)
  • Biological Control
  • Chemical Control
  • Cultural Controls
  • Mechanical & Physical Controls
  • Other Control Method

Application Outlook (Revenue, USD Million, 2014 – 2025)
  • Agriculture
  • Commercial buildings
  • Industrial
  • Residential
  • Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • UK
      • Netherland
      • Germany
  • Asia Pacific
      • China
      • India
  • Central & South America
      • Brazil
  • Middle East & Africa

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Carbon fiber Market Attain Height of USD 6.36 Billion Worldwide

Rise in end-user applications coupled with diversified uses of carbon fibers in various domains added to the market growth then. The growth trends exhibited positive traction owing to rising CAGR on yearly basis.

The global carbon Fiber market is expected to cross USD 6.36 billion by 2025. The carbon fiber industry witnessed growth trends in the carbon fiber, composite markets possessed identical features, and the significance was higher in terms of volume in 2016. Rise in end-user applications coupled with diversified uses of carbon fibers in various domains added to the market growth then. The growth trends exhibited positive traction owing to rising CAGR on yearly basis.

At present, the carbon fiber market is driven by rise in demand for carbon fiber from automotive and aerospace industries and lightweight vehicles. In addition, the augmented demand for fuel-efficient vehicles coupled with stringent regulations by government pertaining to vehicle pollution is expected to drive the market growth. The carbon fiber industry is expected to gain a positive traction in the forthcoming period due to mass production of electronic items, automotive applications in cars and rise in industrial use.

Carbon fiber market is segmented by raw material, inclusive of PAN-based and Pitch based. PAN based carbon fibers accounted for a higher CAGR in the forecast period owing to wider use in numerous applications. By tow size, the market segmentation includes small tow and large tow. Small tow carbon fibers are widely used for numerous applications owing to its versatile features.

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By Application, the carbon fiber industry is segmented as sport equipment, aerospace & defense, molding & compounding, automotive, construction and pressure vessels. Aerospace & defense account for a significant CAGR in the forthcoming period due to extensive use of carbon fibers in production and assembling.

Geographical segmentation for carbon fiber market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America is expected to rise at a higher CAGR in the forthcoming period owing to presence of aircraft makers for commercial and defence purpose. Increase in automobile production emphasizing high performance cars is expected to drive the regional market. Europe is anticipated to be a large and rapidly growing market owing to stringent regulations emphasizing environmental pollution. The key players in the carbon fiber industry include BASF SE, Teijin Limited, Hexcel Corporation, SGL Group and Mitsubishi Rayon Co Ltd.

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Market Segment:

Carbon Fiber Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• PAN Based
• Pitch Based

Carbon Fiber Tow Size Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
• Small Tow
• Large Tow

Carbon Fiber Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
  • Automotive
  • Aerospace & Defense
  • Wind Turbines
  • Sports equipment
  • Molding & Compounding
  • Construction
  • Pressure vessels
  • Others

Carbon Fiber Regional Outlook (Tons, USD Million, 2014 – 2025)
  • North America
      • U.S.
      • Mexico
      • Canada
  • Europe
      • Germany
      • France
      • UK
  • Asia Pacific
      • Japan
      • China
      • Taiwan
  • Central & South America (CSA)
      • Brazil
  • Middle East & Africa (MEA)

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Fiberglass Market Will Accomplish Outstanding USD 21.27 Billion Figure By 2025

It is developed by pouring molten glass via superfine holes. The factors that drive the growth of the fiberglass industry include an increasing number of wind turbine installations, use of fiberglass composites by the automotive industry for enhanced performance, and extensive use of fiberglass in the construction industry.

Global Fiberglass Market is anticipated to reach USD 21.27 billion by 2025. Fiberglass implies fiber-reinforced plastic where reinforcement fiber is mainly glass fiber. It is developed by pouring molten glass via superfine holes. The factors that drive the growth of the fiberglass industry include an increasing number of wind turbine installations, use of fiberglass composites by the automotive industry for enhanced performance, and extensive use of fiberglass in the construction industry. On the other hand, there are factors that may hamper the growth of the market including high manufacture cost of fiberglass. Fiberglass Market is anticipated to grow at a significant CAGR of 5.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by type, application, end user, and geography. The key applications that could be explored in the market include Composites, and Insulation. The “Composites” segment led the Fiberglass industry in 2016 and is anticipated to maintain its dominance by 2025. The market could be explored based on Type as Yarn, Glass Wool, Chopped Strands, and Roving. The “Wool” segment led the Fiberglass Market in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing use of glass wool in construction sector for insulation. The rising construction expenditure in emerging countries is an important factor expected to drive the demand for glass wool in the forecast period. “Wool” segment is followed by “Chopped” segment.

Fiberglass industry may be analyzed by end user as Building and Construction, Automobiles, Wind Energy, and Aerospace. The “Automotive” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to the fact that fiberglass is mainly used in manufacturing of automobile parts such as body panels, decks, load floors, wheelhouse assemblies, dash panel assemblies, battery boxes, and front fascia.

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Asia-Pacific accounted for the major share of the Fiberglass Market and will continue to lead in the forecast period. The increasing disposable revenue in Asia Pacific is expected to propel the regional market over the forthcoming period. Furthermore, the rising automobile and construction segments in the region, particularly in India and China is estimated to drive the market.

Some of the key players that fuel the growth of the Fiberglass industry comprise Jushi Group Co. Ltd., Corning, Taishan Fiberglass Inc., Zibo Zhuoyi Fiberglass Material Co. Ltd., Chongqing Polycomp International Corp., Johns Manville, Shandong Fiberglass Group Co. Ltd., XingtaiJinniu Fiberglass Co. Ltd., CPIC Abahsain Fiberglass M.E., W.L.L., and Glasstex Fiberglass Materials Corp. The leading companies are taking up mergers, and acquisitions, partnerships, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)
• Insulation
• Composites

Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)
  • Glass Wool
  • Yarn
  • Roving
  • Chopped Strands

End-use Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)
  • Automobiles
  • Building and Construction
  • Aerospace
  • Wind Energy

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)
  • North America
• U.S.
  • Europe
  • Germany
  • UK
  • France
  • Asia Pacific
  • China
  • Japan
  • India
• South Korea
• Central & South America
• Middle East & Africa

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Curing Adhesives Market Worth About USD 18.8 Billion By 2025

The adhesive molecules are cross-linked in curing process to form a strong adhesive joint.

Global Curing Adhesives Market is expected to reach USD 18.8 billion by 2025. Curing adhesives are termed as reactive materials that involve chemical reaction to convert them from thermoplastic (or liquid) to solid. The adhesive molecules are cross-linked in curing process to form a strong adhesive joint. Generally, these adhesives are known to provide high strength and are flexible to rigid bond lines as they are resistant to many chemicals, humidity, and temperature. The curing adhesives industry is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.

Rising demand from construction and automotive industry and rising research and development sectors to develop sustainable adhesives are documented as major factors of curing adhesives market that are estimated to enhance the growth in the years to come. However, high manufacturing cost, strict government regulations in concerned with the environment, high level of mechanical stress and exposure to elevated temperature are the factors that may restrain overall market growth in the upcoming years. Curing adhesives industry is segmented based on forms, application, and region.

There are two important forms of curing adhesives namely single component (1-C) and two component (2-C) that could be explored in curing adhesives market in foremost period. Single component includes heat activated curing adhesives, light/UV activated curing adhesives, moisture activated curing adhesives, anaerobics, and pressure sensitive adhesives (PSA). On the other hand, two component includes silicones, epoxies, acrylics, methyl methacrylates, and urethane.

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Heat activated curing adhesives comprise a mixture of two components. On the other hand, light activated adhesives are cured under a UV or visible light of suitable wavelength. It includes adhesives like acrylics, urethanes, and cyanoacrylates. Anaerobic adhesives are also termed as anaerobic sealants that cure in the absence of oxygen and in the presence of active metals. The market may be categorized based on applications like photovoltaics, automotive, consumer electronics, glass, display, medical devices, textile industry, and others that could be explored in forecast period.

Globally, Asia Pacific accounted for the largest market share of curing adhesives and is estimated to lead the overall market in the coming years. The reason behind the growth of overall market could be presence of key manufacturers and high demand from construction and electronic industries. The developing countries like India and China are the major consumer of curing adhesives industry in the region.

Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. The aspects that may be ascribed to the growth comprise strict government policy regarding use of toxic chemical preparations in curative bonding agents and increasing investment in development of enhanced technology. however, Europe is estimated to grow at fastest pace in the coming years.

The key players of curing adhesives market are Tosoh, Henkel AG & Co., Dymax Corporation, Bostik SA, Jowat SE, H.B. Fuller, 3M Company, and Dow Corning. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Curing Adhesives Resin Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• Epoxy
  • Polyurethane
  • Acrylate
  • Silicone
  • Others

Curing Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • UV cure
  • Moisture cure
  • Thermal cure

Curing Adhesives End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • Automotive
  • Construction
  • Electronics & Electrical
  • Medical
  • Wood working
  • Others

Curing Adhesives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Central & South America (CSA)
  • Middle East & Africa

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Global Amines Market is Booming Worldwide from 2020 to 2024

“Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment.”

The global Amines market size was estimated at USD 14.4 billion in 2016 and is anticipated to reach USD 29.3 billion by 2025. Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment. Rising need for yield improvement among farmers coupled with growing agricultural industry demand for fertilizers is projected to fuel the market growth over the next eight years. India and China are anticipated to act as important countries to drive the growth primarily due to the rising end user industry demand for amines as a raw material in manufacturing azo dyes and as an ingredient for making drugs in pharmaceutical industry.

Amine growing demand for gas treatment to remove hydrogen sulfide (H2S), and carbon dioxide (CO2) from refinery process streams is also expected to bolster the market growth by 2024. Furthermore, improving infrastructure growth in BRICS countries, and rising demand for heavy duty laundry liquids are anticipated to propel the market demand over the forecast period. In addition, increasing cosmetic products demand in developing markets of India and China coupled with growing personal care industry in Germany is likely to boost the amines market over the next eight years. However, the increasing volatility in crude oil prices has impacted the amines prices resulting in the rising demand for bio based molecules, thus challenging the amines market growth by 2024. Henceforth, companies are projected to focus in technological advancements through R&D efforts that would decrease the amines prices and could potentially reduce the demand supply gap over the next eight years. Automobile production growth in Malaysia, China, Mexico and Indonesia is another important factor anticipated to propel the application of paints and coatings, thus boosting the amines market over the next eight years.

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Product Insights

Amines comprises of various products such as chlorpromazine, amitriptyline, imipramine, lofepramine, clomipramine, and ethanolamine which are used to relieve allergic disorder, anxiety, excitement, mental disorder, and restlessness. It constitutes few other products such as desipramine, nortriptyline, and amoxapine that are considered very significant tricyclic anti-depressants. The aforementioned products application in pharmaceutical industry is anticipated to fuel the market growth over the forecast period. Ethanolamine is projected to account for more than 50% market share by 2024 primarily owing to its rising use as a corrosion inhibitor in matching fluids, lubricants, and cooling systems for automotive & marine industrial applications. It is also used as a cleaning agent in the form of triethanolamine and monoethanolamine thus anticipating the market growth to propel by 2024

Application Insights

Crop protection is the key amine application in the agricultural industry that is expected to drive the market growth over the forecast period. The market also has various applications in pharmaceutical industry in making medicines. However, the increasing applications of bio-based products and rising stringent environmental regulations regarding water pollution are projected to challenge the amines market by 2024. Growing amine application in FMCG industry is also anticipated to bolster the market growth over the forecast period.

Regional Insights

Asia-Pacific is projected to witness fastest growth over the forecast period owing to growing demand from agricultural industry, rising economic development, and increasing R&D endeavors in producing quality amines. India, China, Indonesia, and Malaysia are anticipated to account for major market share in the region primarily due to growing government initiatives for sustainable development. North America and Europe are expected to see considerable growth over the next eight years owing to growing demand for amines in end-use industries and rising awareness of its varied applications. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest growth in the region primarily due to growing of personal care and healthcare products.

Competitive Insights

Major players in the amine market include AkzoNobel, BASF, Clariant, and Dow Chemicals. New opportunities arising from Indian government’s PCPIR policy for promoting chemicals and petrochemicals production is also anticipated to propel growth by 2024.

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Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
• Ethanolamine
  • Fatty Amines
  • Alkylamines
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • Crop Protection
  • Surfactants
  • Water treatment
  • Personal care
  • Gas Treatment
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • North America
• U.S
• Mexico
• Canada
  • Europe
• Germany
• U.K
  • Asia Pacific
• China
   • Japan
  • Central & South America
• Brazil
  • Middle East & Africa

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https://latestmarkettrends.news.blog

Get in touch

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com