Tile Adhesive Market | Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2023

Market Highlights:

Remarking on this report, an analyst from Market Research Future (MRFR)’s team said, the global tile adhesives market is predicted to grow at a healthy CAGR to reach USD 3338.2 million by the end of 2023. The increase in residential construction activities and growth in infrastructural development are the major drivers of the global tile adhesives market. Rapidly growing building & construction sector coupled with rising per capita disposable income in developed and developing countries across the globe are predicted to fuel the growth of the market over the estimated period. However, the threat of substitution by polymer-based tile adhesive and low-profit margin for manufacturers may challenge the market growth.

Key Player:

·        Bostik, Sika AG

·        Saint Gobain Weber

·        Wacker Chemie AG

·        BASF SE

·        DowDuPont, Inc

·        3M

·        Henkel AG & Co KgaA, H.B. Fuller

·        Fosroc International

·        Mapei SpA.

Segment Analysis

The Tile Adhesives Market is segmented on the basis of type, polymer chemistry, application, end-use, and region. On the basis of the type, the market is segmented into cementitious, dispersion, and reactive tile adhesive. Among these, cementitious type accounted for around 70.2% market share in terms of value in 2017. The demand for cementitious tile adhesives is increasing due to its low price as compared to other tiles.  Based on the polymer chemistry, the market is segmented into acrylic, vinyl acetate ethylene, have-veova, epoxy, styrene butadiene, polyurethane, and others. The acrylic is the leading segment due to its chemical and corrosion resistant properties. The acrylic segment was valued at USD 596.1 million in 2017 and is projected to grow at a CAGR of 9.31% over the review period. On the basis of the application, the global market is segmented into ceramic tile, vitrified tiles, natural stone, mosaic, and glass. The ceramic tiles dominated the market with a share of about 55% in 2017. Furthermore, the market is segmented based on the end-use industries as residential, commercial, and institutional. Among these, the residential segment was the leading in 2017 and is projected to grow at a healthy CAGR of 9.47% during the forecast period.

Regional Analysis

Regionally, tile adhesives market is classified into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the global tile adhesives market in 2017 and accounted for more than 45.8% of the value share of the global tile adhesives market followed by Europe and North America. Furthermore, the construction sector across the globe is expected to propel the market growth during the review period, 2017-2023. The other emerging markets such as Latin America and the Middle East & Africa seems to observe a significant market growth over the review period 2017-2023.  

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Steel Market | Overview by Brands, Regions, Applications, Types, Forecast to 2023

Market Overview:

The global steel market is estimated to attain USD 962431.8 Mn and expand at an incremental compound annual growth rate over the forecast period which ends in 2023, reveals Market Research Future (MRFR) in a recently published research report. Steel is a key intermediate good used across diverse industries which leads to massive demand for steel.

With improvements in global industrial production, the global steel market is expected to pick up in the coming years. The demand for steel has grown manifolds in recent years since it is of strategic importance to various industries such as automotive, manufacturing, consumer durables and others. Rise in developmental and infrastructural activities across the globe is one of the critical determinants of the growth of the global steel market. More than half of the steel produced on a global scale goes into building and infrastructure. With the rapid rise in urbanization and population boom, infrastructural activities will continue to expand which will augment the growth of the global steel market since they are essential to the building of roads, bridges, stations, airports, and others.

Higher economic growth trend observed in various economies, especially the developing nations is expected to generate considerable demand for steel in varying proportions and augment the growth of the market. Stringent regulatory norms which promote energy-efficient and green buildings also contribute to the growth of the global steel market.

The automotive industry is a major end user of the global steel market and consumes massive amounts of steel for every new vehicle design. The ongoing drive for lighter weight vehicles coupled with increased focus on emission reduction further strengthens the demand for the global steel market. Heightened demand for stainless steel across the electronic appliances markets also contributes to the growth of the market.

However, a slowdown in chins, surging steel imports in the US and degrading oil prices are major hurdles for the growth of the global steel industry. The economic downturn in China coupled with overcapacity issues is expected to be a hindrance to the global steel market. Falling oil prices are likely to have a high impact on the growth of the global steel markets owing to the industry's exposure to the energy sector. Energy exploration companies are expected to reduce their capital expenditure budget to curtail costs which will slow down the growth of the global steel market.

Competitive Landscape

• Maanshan Iron & Steel Company Limited
• JFE Steel Corporation
• Tata Steel
• JIANLONG GROUP
• ArcelorMittal
• China BaoWu Steel Group Corporation Limited
• HYUNDAI STEEL
• JSW
• POSCO
• HBIS GROUP
• ChinaSteel
• ThyssenKrupp AG
• Nucor
• SHAGANG GROUP Inc
• NIPPON STEEL & SUMITOMO METAL CORPORATION

Industry Updates:

In November 2018, Vale, Brazil's mining giant and a global leader in iron ore and nickel production, entered in a four-year contract with Emirates Steel, the largest producer of steel in UAE. Through the partnership, vale will supply iron ore pellets for the Arabian company's steel production in Abu Dhabi.

Industry Segmentation:

The global steel market has been segmented based on type, and application.

By type, the market has been segmented into long steel and flat steel. The flat steel segment is the largest segment and is expected to retain its dominance over the forecast period.

By application, the market has been segmented into building & construction, automotive, mechanical equipment, metal products, other transportation, electrical appliances, and domestic appliances.

Regional Analysis:

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the key markets for steel. Among them, Asia Pacific accounts for over 66% of the global market share and is likely to retain its dominance over the forecast period. The rise in construction industry generates high demand for high-quality steel. In addition, the growth of end-use industries such as electrical appliances, and metal products will further aid the growth of the market over the forecast period.

Europe market for steel is expected to grow at a significant rate, Germany, Russia, and Italy being the key contributors to the market. Towering demand from the automotive, building & construction, and the electrical appliances sector drives the market in Europe.

The developed regions of North America and Latin America is expected to witness steady growth over the forecast period on account of rising in the volume of heavy and light duty vehicle production in the regions. Also, the high adoption rate of electrical and domestic appliances induce high demand for steel.

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Specialty Tapes Market | Size, Industry Survey, Competitive Trends, Outlook and Forecasts 2018 to 2025

Market Synopsis

The global specialty tapes market is expected to grow at 6% CAGR to reach USD 62 billion by 2025. Specialty tapes are used in a wide array of applications such as electronic appliances, white goods, automobiles, aircraft, marine, paper, packaging, retail, and consumer goods among others. Electrical & electronics segment generated major revenue for the specialty tapes market. Expanding healthcare industry in the developing markets with increased spending on healthcare is expected to create lucrative opportunities for the players operating in the global market.

Regulatory Analysis

Prevalence of stringent regulation to reduce VOC emissions affecting the surrounding environment and human health is affecting the market growth. Some of the regulatory authorities regulating the VOC emissions include-

• US Environmental Protection Agency, EPA (US)
• International Maritime Organization, IMO (UK)
• European Commission (Europe)

Market Segmentation:

By Resin Type

• Acrylic
• Rubber
• Silicone
• Others

By Backing Material

• Polyvinyl Chloride (PVC)
• Woven/Non-Woven
• Paper
• Polyester (PET)
• Foam
• Polypropylene
• Metal
• Glass Cloth
• Polyethylene
• Others

By Application

• Electrical & Electronics
• Healthcare
• Automotive
• Consumer Goods
• Paper & Printing
• Building & Construction
• Retail & Graphics
• Aerospace & Defense
• Marine
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Regional Analysis

North America: The North American specialty tapes market accounted for 23% share in 2018. North America has established automotive, healthcare, electric and electronics industry which have a huge demand for specialty tapes.

1. US: The US is one of the largest manufacturing hubs in the world and has the largest healthcare industry globally. Reviving automotive industry with increased production of lightweight and energy-efficient vehicles is likely to propel the market growth.

Europe: The European specialty tapes market comprises around 20% of the global specialty tapes market. The market growth can be attributed to factors such as reviving automotive industry with increasing production of electric, hydrogen cell fuel, and lightweight vehicles; increased spending on R&D activities to bring technological advancements in healthcare industry and expanding consumption of portable technologically advanced consumer electronics. Growing building & construction industry with increased spending on residential construction particularly in eastern European countries is projected to propel the market growth.

1. Germany: Germany accounted for the largest share of the overall consumption of specialty tapes in Europe owing to presence of established automotive, healthcare, and electrical & electronics end-use industries.
2. The UK- The demand for specialty tapes in the UK is expected to increase on account of growth of the major end-use industries with rapid technological advancements.

Asia-Pacific: Asia-Pacific was the largest and fastest-growing market for specialty tapes accounting for 48% market share. Expanding automotive and electrical & electronics industries are the major revenue-generating segments in Asia-Pacific. 

1. China: China accounted for the largest share of the specialty tapes market in Asia-Pacific in 2018 and is projected to register significant growth rate in the coming years. China being the world’s largest manufacturing center for electronics is the prime factor fueling the demand for specialty tapes. The electric component manufacturing industry in China grew by around 11% in 2018 to reach to over USD 282 billion. Additionally, the growing healthcare industry with easy access to medical services in the nation is another important factor driving the market growth.
2. India- India was the fastest growing nation in Asia-Pacific owing to growing automotive, healthcare, and electrical & electronics industry. In 2018, overall automobiles production in India grew by around 8% owing to increased spending on automobiles coupled with rising per capita disposable income of the consumers.

Latin America: The market in Latin America is expected to grow at a healthy CAGR during the review period on account of growing major end-use industries particularly, the automotive industry.

1. Brazil: Growing automotive industry is the prime factor fueling the demand for specialty tapes in the country. Automobiles production in the country grew by around 5.2% in 2018 and is expected to grow further at a significant rate in the coming years.

Middle East & Africa: Growing industrialization in the Middle East and African countries is expected to drive the growth of the specialty tapes market in the region.

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Specialty Silicone Market | Analysis, Supply Chain, Global Qualitative Insight, Opportunities, Challenges, Size, Share, Forecast to 2023

Market Insights:

The specialty silicone market is driven mainly by the growing demand for specialty silicone from the construction industry. Specialty silicone are used in a number of insulation applications in the construction industry due to their superior resistance to heat and water, which makes them the ideal material to keep out moisture from a building and maintain the building’s inner temperature. Growing demand for effective insulation materials is likely to be a major driver for the global specialty silicone market over the forecast period. The rising construction industry in emerging regions such as Asia Pacific and the Middle East is likely to be a major driver for the global specialty silicone market over the forecast period. Textile and personal care applications of specialty silicone are also likely to take up a solid share in the global specialty silicone market over the forecast period, due to the effectivity of specialty silicone in adding to the luster of the fabric or of the skin and keeping it safe from water damage.

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Industry Segmentation:

The global specialty silicone market is segmented on the basis of type, end-use industry, and region.

On the basis of type, the specialty silicone market is segmented into antifoam/defoaming agents, silicone elastomers, silicone greases, silicone surfactants, silicone polish, silicone textile softeners, silicone water repellants, thin silicone membranes, and others.

By end use industry, the global specialty silicone market is categorized into textiles, healthcare, electronics, construction, cosmetics and personal care products, automotive and others.

Competitive Analysis:

• Dow Corning Corporation
• Momentive
• Elkem AS
• Siltech Corporation
• KCC Basildon
• AB Specialty silicone
• Evonik Industries AG
• Shin-Etsu Chemical Company
• Wacker Chemie AG.

Industry Updates:

In November 2018, Heico Corp. announced plans to acquire Specialty Silicone Products Inc.

Regional Analysis:

The global specialty silicone market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Asia Pacific is expected to dominate the global specialty silicone market over the forecast period due to the growing construction industry in the region. The growing demand for effective insulation and moisture resistance systems in the construction sector is likely to be a major driver for the specialty silicone market. The humidity in Southeast Asian countries and the rapid urbanization in coastal regions is likely to remain a major driver for the specialty silicone market over the forecast period. The growing disposable income of consumers is likely to be a major driver for the specialty silicone market in the region over the forecast period, as the increasing disposable income is likely to drive the demand for new residential construction. Increasing industrial activities in the textiles, healthcare, personal care products, and electronics industries in Asia Pacific are also likely to drive the specialty silicone market in the region.

North America is also likely to retain a strong position in the global specialty silicone market over the forecast period due to the strong presence of the automotive industry, construction industry, and healthcare industry in the region. The strong presence of several leading specialty silicone producers in North America is also conducive to steady growth of the specialty silicone market in the region over the forecast period.

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Refinery Catalyst Market | Growth, Trends, Segmentation, Global Industry Analysis, Top Manufacturers, Regional Outlook and Covid -19 Impact Analysis and 2023

Market research future published a half cooked research report on Global Refinery Catalyst Market. The refinery catalyst market is expected to grow over the CAGR of more than 4% during the period 2017 to 2023.

Market Insights

Market Research Future has added a new report on the global refinery catalyst market which reveals that the market is set to grow at a CAGR of more than 4% during the forecast period of 2017 to 2023. Moderate yet consistent growth is expected by the market due to growing oil and gas activities across the globe.

Refinery catalysts are extensively utilized in refinery processes such as FCC, hydrocracking, and other. refinery catalysts are vital in the conversion of crude oil to more valuable forms of fuel. The growing demand for gasoline particularly in emerging economies is expected to impact the global market positively. Government bodies in developed economies are increasingly implementing stringent regulations with regards to environment conservation and fuel. The extraction of heavier crudes and ever-increasing energy demands have resulted in increased refinery activities thus driving the demand for refinery catalysts.

Refiners are building new refinery units or renovating existing facilities to meet the growing demand for fuel. Moreover, refinery catalyst manufacturers are actively engaged in offering customers with cutting-edge refining components. Ongoing R&D toward the production of optimized refinery catalysts are vital in the creation of future market opportunities.

Key Players

·       BASF SE

·       Honeywell UOP LLC.

·       Criterion Catalysts & Technologies L.P.

·       Exxon Mobil Corporation

·       Clariant International Ltd

·       W. R. Grace & Co.

·       China Petroleum & Chemical Corporation (Sinopec Corp.)

·       Axens SA

·       Albemarle Corporation

·       Haldor Topsoe A/S

Scope of the Report:

This study provides an overview of the global refinery catalyst market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global refinery catalyst market by its type, by application, by regions.

By Type

• FCC Catalysts
• Hydrotreating Catalysts
• Hydrocracking Catalysts
• Catalytic Reforming Catalysts

By Ingredient

• Zeolites
• Metals
• Chemical compounds

By Regions

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

Regional Analysis

The Asia Pacific leads the market with the highest growth due to the presence of various emerging economies in the region with rapidly rising demand for fuel. Countries such as India and China among others have massive consumer populations and a swiftly expanding automotive industry among others. The demand for energy and fuel in the region to power homes, vehicles and the industrial hub that the region has become has catapulted the region into leading position. Growing construction of refinery infrastructure is another key factor driving the regional market.

The North American market closely follows the Asia Pacific. The U.S leads the region's growth and has a significant demand for fuel and crude oil by-products. The presence of several key players in the region add to the regions growth drivers and cement its position as a leading regional market.

Latest Industry News

·       BASF has launched its new FCC catalysts, Luminate. The Luminate FCC catalyst delivers higher liquid yields and is based on BASF's new and improved Zeolite Y (IZY) technology.

·       Fuji Oil has commenced use of Honeywell UOPs new R364 Platforming catalyst for the increased production of aromatics for chemical production at its plant in Japan.

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Redispersible Polymer Powder Market | Global Segments, Industry Growth, Share, Size, Top Key Players, Size and Recent Trends by Forecast to 2023

Market Insights:

Redispersible polymer has various applications which ensure its markets growth as the demand growing in various industry verticals. Market Research Future (MRFR) has released an exhaustive report on the global redispersible polymer powder market which reveals that the global market is expected to witness healthy growth at a CAGR of 6.66% during the forecast period of 2017 to 2023. Market growth is primarily expected to be influenced by exponential growth in construction activities, which is expected to grow to reach an estimated evaluation of USD 2,378.2 million by 2023.

The construction sector is witnessing a boom, particularly in fast emerging markets. The rapid urbanization in emerging markets has resulted in increased construction of housing complexes and other residential construction. Rising disposable incomes has further increased demand for housing. Moreover, commercialization in these emerging markets, and on a global scale has resulted in increased investments in infrastructure and other non-residential construction activities. Subsequently, the demand for tile has also grown along with the construction sector. Redispersible polymers are extensively applied in tiling as a tiling adhesive. However, the volatility of raw material prices is expected to hinder market growth. Despite this, the demand is likely to keep steady and perpetuate growth via various opportunities for market expansion.

Market Segmentation

MRFR's segmental analysis has been performed on the basis of type, application, end-use industry, and region. By type, the market is segmented into acrylic redispersible polymer powder, styrene butadiene redispersible polymer powder, verova redispersible polymer powder, vinyl acetate-ethylene redispersible polymer powder, and others. Acrylic redispersible polymer powder market dominates the market with the largest share due to its extensive use in the production of joint fillers, grouts, and tile adhesives. Meanwhile, the vinyl acetate-ethylene redispersible polymer segment is set to witness the highest growth at a CAGR of 7.50%.

By application, the market is segmented to include tiling & flooring, plastering, mortars, insulation systems, and others. The tile and flooring segment possessed over one-third of the market share and was valued at USD 533.8 million in 2016. The segment is expected to witness a CAGR of 7.24% during the assessment period due to the extensive use of redipersible polymer powders in tiling adhesives. The insulation system segment is expected to witness the fastest growth during the forecast period at a CAGR of 7.28% due to the rising demand from the construction sector. 

Based on end-use industry, the market is categorized into residential construction, industrial construction, and non-residential construction.

Globally, the market has been reviewed by North America, Asia-Pacific (APAC), Latin America, Europe, and the Middle-East and Africa.

Key Players

• BASF SE
• Acquos
• The Dow Chemicals Company
• Bosson Union Tech
• Akzo Nobel N.V.
• Dairen Chemical Corporation
• Divnova Specialities
• Organic Kimya
• Puyang Yintai Industrial
• Wacker Chemie AG
• Ashland Global Holding
• Hexion Inc, Benson Polymers Limited
• Synthomer Plc

Latest Industry News

Organik Kimya has announced its planned investment in a second spray dryer to increase its production capacity of redispersible polymer powder. The production capacity is expected to double and will be operational by 2020.

Regional Analysis

Asia Pacific leads the market and is likely to remain a key region in the global redispersible polymer powder market during the assessment period and is expected to witness a CAGR of 7.59% during the assessment period. The region has several fast emerging markets with high construction activities, both residential, nonresidential, and industrial. Growing foreign investments have put the region in the spotlight and fueled its growth. APAC has attracted the attention of several market players who are increasing investments there to meet the high demand in the region and leverage the availability of reduced overhead costs. China leads the region with the largest regional market share and is followed by Japan which is expected to experience a CAGR of more than 6% during the review period.

Europe accounts for the second largest market with a 25% share of the global market and a dynamic CAGR of 5.99% over the assessment period. Germany and Italy lead market growth for the region while Poland is expected to grow at the highest CAGR. The region's growth is primarily owing to the increasing demand and inclination toward the construction of green buildings. Moreover, the regions construction industry is recovering rapidly and is a significant factor influencing the increase in demand.

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Recycled Polyethylene Terephthalate Market | Size, Share, Global Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions, Covid – 19 Analysis by 2023

Market Overview:

Market Research Future (MRFR)’s latest study reveals that the global recycled polyethylene terephthalate (RPET)market is poised to register a CAGR of 8.5% during the forecast period 2018 to 2023. In terms of revenue, the market is projected to grow from USD 6,572.9 Mn in 2017 to USD 10,666.2 Mn by 2023-end. The growth of the market is highly dependent on the polyethylene terephthalate (PET) market. The recycling rate of PET is expected to improve over the next couple of years, thus, augmenting the recycled polyethylene terephthalate market. In terms of volume, the global recycled polyethylene terephthalate market is prognosticated to reach over 11 KT by the end of 2023 up from 7,684.3 KT in 2017. However, 20-22% loss is incurred during the manufacturing process which remains an impediment to the market expansion.

The demand for RPET fiber in the textile industry is anticipated to witness an upsurge as it shows no qualitative degradation after several recycling sessions. The growth of the textile industry is poised to boost the expansion of recycled polyethylene terephthalate market through the review period. Additionally, the extensive use of RPET in the food & beverage sector for packaging has intensified the market proliferation. Increase in working population, and disposable income has led to a shift towards ready-to-eat and packaged food products which is driving the demand for RPET.

The inclination towards plastic roads has paved the way for revenue acceleration for market participants. Plastic roads offer durability and take lesser time to build. This, in turn, is expected to fuel demand for RPET in the foreseeable future. Furthermore, the scarcity of drinking water has created an intense need for water treatment. It is likely to catalyze demand for nanofibers, which is expected to fuel demand for RPET.

Segmental Analysis:

MRFR’s report offers a detailed segmental analysis of the market based on type and application. By type, the market has been segmented into clear and colored. Among these, the clear segment holds a major share of the market as the colored RPET has to undergo a process that degrades its quality. The clear segment was valued at USD 4,203.6 Mn in 2017 and is expected to reach a value over USD 6 Mn by the end of 2023. The increasing demand from the packaging industry is likely to drive the growth of the clear segment in the forthcoming years.

By application, the market is based on fiber, sheet & film, strapping, food grade bottles & containers, non-food grade bottles & containers, and others. The fiber segment accounts for the maximum share of the market and is expected to exhibit healthy growth over the next few years. Its growth can be ascribed to the extensive use of polyester fiber in textile manufacturing.

Global Market for Recycled Polyethylene Terephthalate-Competitive Dashboard:

• Placon
• Clear Path Recycling
• Verdeco Recycling Inc.
• Indorama Ventures Public Company Limited
• Zhejiang Anshun Pettechs Fiber Co., Ltd
• PolyQuest
• Evergreen Plastics
• Montello S.p.A.
• Phoenix Technologies
• M&G Chemicals
• LIBOLON

Regional Outlook:

By region, the global recycled polyethylene terephthalate market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific currently accounts for 56% share of the market and is estimated to strike a relatively higher CAGR. The high recycling rate in Asian countries, especially China, Japan, and India are projected to accelerate revenue creation for the market players. For instance, according to a study published by National Chemical Laboratory (NCL), India recycles 90% of its polyethylene terephthalate, trailed by Japan which recycles 72% of its polyethylene terephthalate. India resonates strong growth opportunities and is emerging as an investment-centric market due to intensified textile production.

Europe is the second largest market for recycled polyethylene terephthalate and is forecasted to remain a highly lucrative market in the forthcoming years. Germany is the most promising country-level market and is estimated to reach a value of USD 510.8 Mn towards the end of the assessment period. The growth of Germany’s market can be ascribed to the extensive production and export of textiles. Additionally, the initiatives undertaken by the European Union (EU) for plastic waste recycling has further boosted the market growth in the region. The trend is likely to perpetuate during the projection period.

North America is an important growth pocket due to the presence of established plastic industry in the U.S. Meanwhile; Latin America accounted for 9.9% share of the global market. The factor driving the growth of the regional market include economic reforms in favor of industrialization in Brazil. Apart from Brazil, Mexico and Argentina are projected to FAVOR the proliferation of the regional market.

 The Middle East & Africa holds the least share of the global market owing to lack of awareness regarding recycling. However, increasing consumption of plastic coupled with increasing awareness about the benefits of plastic recycling has opened avenues of growth opportunities in the regional market.

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Polystyrene Market | Size Estimation, Price Trends, Sales, Industry Latest News, and Consumption by Forecast to 2023

Market Insights:

The global polystyrene market is expected to exhibit a robust 4.87% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report provides readers with a detailed profile on the global polystyrene market, compiling a detailed datasheet on the market’s historical growth trajectory and drawing conclusions for the market’s likely growth over the forecast period. The major drivers and restraints affecting the global polystyrene market are profiled in the report, along with the leading players operating in the market.

Polystyrene is widely used in the packaging industry in rigid as well as flexible packaging and has thus experienced a rapid growth in demand over the last few years. The growing operations of the ecommerce sector and increasing adoption of customer-centric services in various industries, including online shopping and home delivery of products, have led to a growing demand from the polystyrene market for packaging. The growing demand for packaging products is likely to remain the major driver for the polystyrene market over the forecast period.

Polystyrene is also widely used in insulation. This is also likely to remain a key driver for the polystyrene market over the forecast period. Insulation products are likely to be involved in significant turnover in the coming years due to the growing construction industry in developing economies, which has led to a growing demand for efficient building insulation products. The growing application of environmental subsidies and concessions leading to extra rebates in case of the building using heavy insulation, especially in developed Western economies, is also likely to be a key driver for the polystyrene market.

Competitive Analysis:

·        Total

·        Kumho Petrochemical

·        Chi Mei Corporation

·        BASF SE

·        Formosa Chemical & Fibre Corp.

·        ACH Foam Technologies Inc.

·        INEOS Styrolution Group GmbH

·        Alpek SAB de CV

·        Innova, SABIC

·        Trinseo

The report provides comprehensive profiles of all the leading players in the global polystyrene market, including an analysis of the player’s past operations and future strategies. A complete coverage of the competitive dynamics of the polystyrene market is presented in the report.

Industry Updates:

Polystyrene’s lack of eco-friendly attributes has been a major downer for the polystyrene market over the last few years. Several cities and councils in the U.S. have taken the decision to ban polystyrene products from schools and other civic buildings. In October 2019 alone, Fayetteville, Melrose, MA, and San Luis Abispo County, CA, enacted some forms of a ban on polystyrene. The environmental viability of polystyrene is likely to remain a key issue for the global polystyrene market.

Market Segmentation:

The global polystyrene market is segmented on the basis of type, application, end use, and region.

By type, the global polystyrene market is segmented into general purpose, high impact, expanded, extruded, and others. Expanded polystyrene is one of the most popular types of polystyrene and is likely to retain a sizeable share in the global polystyrene market over the forecast period.

By application, the global polystyrene market is segmented into rigid packaging, flexible packaging, seating, HVAC insulation, and others. HVAC insulation is the leading application segment of the polystyrene market, followed by rigid packaging.

By end use, the global polystyrene market is segmented into packaging, electronics, building and construction, consumer goods and appliances, and others.

Regional Analysis:

Asia Pacific held the largest share, of 44.7%, in the global polystyrene market in 2017 and is likely to retain the largest share in the market over the forecast period. The growing packaging industry in the region, driven by the growing ecommerce and the growing consumer goods sector, is likely to be a major driver for the polystyrene market in Asia Pacific over the forecast period. The growing construction industry in Asia Pacific is also likely to be crucial for the polystyrene market due to the growing demand for building insulation materials. Europe and North America also hold sizeable shares in the global polystyrene market.

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Polymethyl Methacrylate Market | Trends, Size, Business Opportunities and Regional Study by Forecast to 2023

Market Overview:

The global market for polymethyl methacrylate is poised to grow stronger during the forecast period (2016-2023), forecasts Market Research Future (MRFR). The market size will be influenced in the coming years by many factors such as rapid digitalization of rural areas driving the need for attractive advertising options in the retail industry. This leads to PMMA demand in signs & displays, lighting, and similar applications. Also, the healthy growth of major end-use industries such as electronics and automotive has triggered the market growth globally. Other applications of PMMA include interiors and furniture, fashion and apparel, solar panels, medicine and healthcare, and sanitary ware.

Moreover, the market volatility is prompting many PMMA manufacturers to apply innovative ideas to open new application possibilities for the global market, such as in the field of automotive glazing or wood-acrylic composites. PMMA also possesses some highly favourable properties such as high strength, durability, resistance to chemicals and weathering, and ease of processing, hence making them highly essential in several industries.

However, PMMA is a weak material and is quite brittle, a fact that could be particularly damaging to the market growth. Despite threats, the market is set to grow by leaps and bound due to many major market players, in response to increasing demands, constantly investing in projects to expand their customer base and enhance the quality of the products in several parts of the globe. These players include Asian companies like Chi Mei in Taiwan and China and Mitsubishi Rayon in Korea. Moreover, the strategic activities such as partnerships and collaborations entered into by many players cannot be sidelined. For instance, in 2012, Ampaglas Plastics Group (South Africa) and Evonik Industries entered a joint venture and founded the joint venture Evonik Acrylics Africa (EAA) for the extrusion of PMMA semi-finished goods.

Market Segmentation:

The global polymethyl methacrylate market is segmented on the basis of type, application, and regions.

By type, the market is segmented on the basis of extruded sheets, pellets, cast sheets, and beads. The extruded sheets segment is leading among other segments owing to robust demand for high-performance sheets in various industrial sectors. Moreover, excellent thickness tolerance provided by extruded sheets make them ideal for applications that require complex shapes. Furthermore, these sheets also cost-efficient as they are produced using longer and economical techniques.

By application, the market is segmented on the basis of signs & displays, construction, automotive, electronics, and others. A wide array of polymethyl methacrylate pipe materials are used for low & passive energy buildings. Hence, PMMA is extremely essential in the construction sector. In construction, PMMA is also used in door panels and window and door profiles. On the other hand, PMMA is highly suitable for large displays as well as spherical displays, as they enhance the aesthetic appeal of the display screens.

Global Key Players:

• Arkema SA
• Mitsubishi Rayon Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• CHI MEI Corporation
• Evonik Industries AG
• Kolon Industries, Inc.
• Polycasa N.V.
• Saudi Arabia Basic Industries Corporation
• Asahi Kasei Corporation
• Gehr Plastics, Inc.
• Kuraray Group
• The Dow Chemical Company

Companies have invested heavily in creative and innovative products and continuous development of prevailing product lines to broaden the current spectrum of applications. For instance, Evonik Industries AG has come up with ambient illumination in automotive interiors through usage of PMMA molding compounds that are developed, especially, of LED applications.

Regional Analysis:

By regions, the global market is split into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Among all regions, the market in Asia Pacific has emerged into a formidable entity, leading the global market due to a striking surge in automotive production along with rising construction spending. The strong growth of light emitting diode (LED) flat screens sales, particularly in countries such as China, India, Japan, South Korea, Thailand, Indonesia, and Malaysia. In addition, the rise of smart TV’s in the past few years has further fueled the consumption of PMMA in the electronics industry. Furthermore, PMMA manufacturers in the region are expanding continuously by embarking on various projects along with constant technological innovations keeping in mind environmental issues. For instance, Mitsubishi Rayon (Lucite) developed the C2-Alpha technology, in which ethylene, methanol, and carbon are used instead of acetone, HCN, and isobutylene, thus minimizing by-products and waste.

Just behind Asia Pacific is the region of Europe that makes huge demand for PMMA. Massive demand for glazing and facades in the region is presumed to fuel the regional market growth. UV protection, availability in varied colors, and easy casting are some of the prominent features driving its usage in the construction industry in Europe. Also, regional market players are continuously developing methods to increase the impact-resistance for PMMA so that it can be used in even more parts of a vehicle, such as in bumpers. In addition, growing population and high disposable income are bound to spur the LED flat screen TV market in the region, which will augment the PMMA market in Europe in the coming years.

Latin America is also predicted to grow on an above-average rate on the back of sturdy growth of the construction and automotive industry. With major automotive companies establishing their manufacturing bases in the region, the demand for PMMA is expected to quadruple at a remarkable rate.

Intended Audience

• Polymethyl Methacrylate (PMMA) Manufacturers
• Traders and Distributors of Polymethyl Methacrylate (PMMA)
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

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Polymer Nanofiber Market | Trends, Size, Share, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2023

Polymer Nanofiber Market Overview to 2023:

Global polymer nanofiber demand is on the rise. The application potential of the material is vast. Market Research Future (MRFR’s) latest study reveals that the global polymer nanofiber market is set to touch the USD 1 Bn mark during the assessment period (2016-2023). Polymer nanofiber is gaining traction in healthcare, biotechnology, aerospace, drug delivery, tissue engineering among others. The material is also used in applications such as energy storage, separation processes, etc.

Both synthetic and naturally occurring polymers are used for making nanofibers. Polymer nanofibers have characteristics such as high porosity, large surface area-to-volume ratio, and greater mechanical strength. These characteristics gives polymer nanofibers an edge over other microfibers.  In fact, microfiber filters are being replaced by polymer nanofibrous media. This in turn is drawing tremendous commercial interest towards polymer nanofibers.

Drug delivery technology is also viewed as an attractive area of utilization for polymer nanofibers, which is expected to create significant growth opportunities for the market in the forthcoming years. Nonetheless, the synthesis process of polymer nanofibers has few drawbacks, which remains a restraining factor for the market. Additionally, high cost associated with nanofiber partly undermines the market potentials. To overcome such challenges, significant investment in polymer nanofiber R&D is being made. Such R&D efforts are expected to benefit the market and create new growth avenues in the years to come.

Competitive Landscape

·       SNS Nano Fiber Technology

·       eSpin Technologies

·       DuPont

·       Donaldson Company, Inc.

·       TEIJIN LIMITED

·       Catalytic Materials LLC

·       Ahlstrom Corporation

·       TORAY INDUSTRIES, INC.

·       Johns Manville

·       Hollingsworth & Vose

Segmental Overview

The segment analysis of the global Polymer Nanofiber Market based on end use, method and region.

By end use, the market has been segmented into energy, medicine, filtration, biotechnology and others. By method, the market has been segmented into drawing, thermal induced phase separation (TIPS), template, self-assembly and electrospinning.

Global Polymer Nanofiber Market: Regional Segmentation

On the basis of region, the market has been segmented into five key regions, which include Latin America, North America, the Middle East & Africa (MEA), Asia Pacific, and Europe. APAC is one of the largest markets for polymer nanofiber.  Improving government fund allocation in segments such as environment conservation and sustainable energy is proving an impetus to the APAC polymer nanofiber. Countries such as China, Japan and India are expected to make significant contributions to the market during the forecast period. This is primary owing to presence of massive or fast-expanding end-use industries in these countries.

North America is second in the pecking order and expected to remain a highly attractive market for polymer nanofiber during the forecast period. The market in North America is led by the U.S., nanofiber demand in the countries is expected to grow further in coming years. Several factors are associated with the uptick in nanofiber sales in the region. Emphasis on energy conservation is one of the primary market drivers. Presence of large-scale end-use in the U.S. is auguring well for polymer nanofiber suppliers.

Industry News

·       Tejin Group’s fibers and products coverting business has reportedly developed cost-effective and unique polishing pads that will improve silicon wafer quality control. These pads are manufactured using nonwoven Nanofront ultra-fine nanofiber, which developed using a supple water-absorbent polymer saturated with polyurethane resin.

·       Akron Ascent Innovations, LLC (AAI) a U.S. based technology start-up recently revealed an innovative dry adhesive technology, which is expected to extremely user friendly. The adhesive is a high-performance product and will facilitate damage-free clean removal. The adhesive is made of millions of solid, sub-micron-diameter nanofibers with low peel force.

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