Thursday, October 29, 2020

Acetic Anhydride Market | Share, Size, Trends, Growth Driver, Top Companies, Region and Forecast to 2023

 

Market Overview:

Acetic anhydride is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain. The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. However, the increasing awareness about ill-effects of cigarettes coupled with stringent governmental regulations may challenge the market growth. Nevertheless, the radiolabelling of proteins and viruses in mammalian tissue culture is anticipated to be one of the emerging opportunities in the global market.

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Competitive Analysis:

Ø  BASF SE

Ø  Celanese Corporation

Ø  Eastman Chemical Company

Ø  Jubilant Life Sciences Ltd.

Ø  DuPont

Ø  Merck KGaA

Ø  Bufa Chemikalien Gmbh & Co. KG

Ø  Daicel Corporation

Ø  Fischer Chemic

Ø  Hudson Chemical Corp

Ø  Mil-Spec Industries Corporation

Ø  Aldon Corporation

Ø  Laxmi Organic Industries Ltd.

Ø  Atanor SCA

Ø  Jiangsu Danhua Group Co. Ltd

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Market Segmentation:

The global Acetic Anhydride Market is segmented on the basis of application, end-user, and region.

On the basis of the application, the global market is segmented into cigarette filter, chemical intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others.

Based on the end-user, the global market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others.

Regional Analysis

The global Acetic Anhydride Market is segmented into five major regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is leading the global acetic anhydride market owing to the high production of the product in this region. Many of the major acetic anhydride producing companies are located in the U.S. The increasing demand for acetic anhydride from the major applications such as cellulose acetate and pharmaceuticals in this region is likely to fuel the market growth during the assessment period. The U.S. implemented acetic anhydride regulation to reduce the availability of heroin in 1989 as it is a precursor to the drug production. Moreover, the FDA limits the use of acetic anhydride to 2.5% in food starch. These stringent regulations are likely to hinder the market growth in this region.

Followed by North America, Asia Pacific is expected to emerge as the fastest growing region in the global acetic anhydride market. China is the major manufacturer of acetic anhydride due to the low production cost and abundance of labor. Similar to North America, China has implemented the “UN Convention on Drug Precursors,” wherein the signatories subject to strict licensing for production, sales, purchase, and transportation of such precursor chemicals. India is likely to witness a significant growth of the market owing to the increasing demand from textiles, pharmaceuticals, and polymer industries.

The regional market of Europe is mainly driven by the product used in tetraacetylethylenediamine (TAED) for laundry detergent and cellulose acetate for cigarette filters.

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Surface Treatment Chemicals Market | Trends, Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2023

 

Market Overview:

Surface Treatment is either a mechanical or a chemical process that is mainly deployed in order to improve the surface properties of different materials such as metal, plastics, and wood, among others. The Surface Treatment Chemicals confer some important physical advantages to the substrate and also add into the life span of the end product so manufactured. These chemicals help reducing or enhancing photosensitivity, striping of paints and other tough stains, corrosion curing, and most importantly electroplating of the metal surface. The major applications of surface Treatment Chemicals can be found in industrial machinery and metals to extend the durability and performance of the same. Moreover, automotive, construction and electrical industries are some of the other substantial end users of Surface Treatment Chemicals. The protuberant factors driving growth of the Global Surface Treatment Chemicals Market are the rising demand of passenger vehicles from developing countries, rapid urbanization, growing industrialization and increasing infrastructure development activities around the globe.

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Market Segmentation:

The Global Surface Treatment Chemicals Market has been segmented on the basis of type, substrate type, application and region.

Based on the Type, the market is categorized into anodizing solution, paint strippers, passivation, pickling, anti-corrosion, cleaners and others. Among these types, the anodizing chemicals, which are used as an electrolytic solution to provide protective covering on metals through an electrolysis process, is holding major share of the market. This is attributed to ease and effectiveness of the process in curing corrosion, other flaws.

By the Substrate Type, the market is categorized into metal, plastic, wood. The metal is the major substrate segment owing to the vast use in numerous end user industries such as automotive, construction and electrical. In coming years, the plastic substrate type is projected to grow at considerable CAGR with rising use of light weight yet stiff polymeric materials.

Lastly, Based on the Application, the Global Surface Treatment Chemicals Market classified into automotive & transportation, industrial machinery, construction, electrical & electronics, wherein the automotive & transportation is the largest application of surface treatment chemicals, holding over 40% share of the market in 2016. This is attributed to, growing demand of cars and rising global trade fuelling growth of the transportation sector during the years to follow.

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Competitive Analysis:

·        PPG Industries

·        Henkel AG & Co. KGa

·        Nippon Paint Holdings Co., Ltd.

·        Solvay SA

·        OC Oerlikon

·        McGean-Rohco Inc.

·        JCU CORPORATION

·        Platform Specialty Products Corporation

·        Quaker Chemical Corporation

·        Nihon Parkerizing Co.,Ltd

Regional Analysis:

The Global Surface Treatment Chemical Market consists of five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, Asia Pacific is estimated to grow at the highest CAGR and holds over 45% share of the market on account of increasing construction activities, along with the steady growth in transportation and marine sector in this region. Countries namely, India, Japan, South Korea and China are the leading markets in this region. Following Asia Pacific, North America is the second most significant region in the Global Surface Treatment Chemicals Market. The U.S. is the major market in this region due to increasing demand for the product form well-established end use industries in this country, such as aerospace, construction, marine and defense. Europe is also a substantial region in the Global Surface Treatment Chemicals Market. The European automotive industry holds the major share of the global vehicle production, which drives the growth of the regional market. The U.K, France, Germany, and Italy are major contributors to the regional market. Latin America is expected to grow at a considerable CAGR during the forecast period, which is attributed to reviving economic scenario in various countries namely Brazil, Venezuela and Mexico. The Middle East & Africa are equipped with greater opportunities for the product owing to the growing construction industry, which is likely to boost the growth of the regional market during the forecast period.

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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.

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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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Pressure Sensitive Adhesives Market Future Growth, Trends Plans, Top Key Players, Business Opportunities, Industry Share, Global Size Analysis by Forecast to 2023

 Market Insights:

Pressure sensitive adhesives are expected to witness high demand during the forecast period from 2017 to 2023. According to the latest report published by Market Research Future the global pressure sensitive adhesives market is expected to witness promising growth at a CAGR of 6.1% during the forecast period. Pressure sensitive adhesives are available in a number of forms such as tapes, labels, and glue dots, among others.

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Available for permanent and removable applications, pressure sensitive adhesives are used in buildings for HVAC ductwork, and in automotive applications. These applications are good examples of permanent use. Meanwhile, removable pressure sensitive adhesives have a temporary effect and include notepads, masking tapes, price labels, and a wide number of other applications. Industries such as packaging, healthcare, and automotive make extensive use of pressure sensitive adhesives. A number of consumer goods in stationary equipment are also made using pressure sensitive adhesives. Increasing buying power due to rapid economic growth, particularly in emerging economies has increased demand for automotive vehicles, consumer goods, and electrical & electronics industry, thus leading to increased use of pressure sensitive adhesives. Increasing applications in the F& B sector are also expected to contribute to the growth of the market.  Moreover, the rapid growth of the e-commerce industry has put a high demand on the pressure-sensitive adhesives market which is expected to translate into significant growth over the review period.

Global Key Players:

·        Nitto Denko Corporation

·        The Dow Chemical Company

·        Jonson Tapes Limited

·        3M

·        H.B. Fuller Company

·        Collano Adhesives AG

·        Advance Tapes International Limited

·        Reflex Labels Ltd.

·        Intertape Polymer Group, Inc.

·        Sika AG, Henkel AG & Company KGaA

·        Avery Dennison Corporation

·        Tesa SE, Lintec Corporation

·        Ashland Inc.

Latest Industry News

  • Mactac Performance Adhesives Group has launched PUREapply, a new pressure sensitive adhesive which is ideal for semi-rigid or rigid containers.

Market Segmentation

The global pressure sensitive adhesives market, in MRFR’s report, has been analyzed by its many parts in the report which has been segmented on the basis of technology, product, end-user, and region. Technologies involved in pressure sensitive adhesives include water-based, solvent-based, hot melt, and radiation. Product types of pressure sensitive adhesives include graphic films, tapes, labels, and others. The labels segment is expected to dominate the market and grow at the highest CAGR during the forecast period due to the growth of the e-commerce industry which has led to the increasing demand for warehouse and organization solutions. End-users of pressure sensitive adhesives have been segmented into packaging, electrical & electronics, automotive, consumer goods, and others.

The global division of the market has segmented it into regions such as North America, Asia Pacific, Europe, and the Rest of the World.

Regional Analysis

The Asia Pacific market has the lion's share of the global pressure sensitive adhesives market. The region has a significant packaging and automotive industry due to its increasing global positioning as an industrial hub.  The region has a high concentration of emerging economies where consumers are witnessing an increase in purchasing power, and there is easy availability of personal loans, EMI schemes and other personal financing options for large purchases, such as automotive. Moreover, the electrical & electronics industry in the region is also witnessing rapid growth. Country-level markets leading growth include China, Japan, India, Australia, and Indonesia. Among these, China has the largest share of the APAC market.

North America accounts for the second largest market due to stringent regulation with regards to VOC emissions along with fuel efficiency norms which drive the demand for pressure sensitive adhesives in industrial applications. Europe is also a significant market while the Rest of the World includes promising country level markets such as the U.A.E and Brazil.

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Polymethyl Methacrylate (PMMA) Market Industry Size, Regional Outlook, Price Trend, Market Share and Forecast 2019-2023

 Polymethyl Methacrylate (PMMA) Market Overview to 2023:

 

Polymethyl Methacrylate (PMMA) is a transparent thermoplastic that is widely used as a lightweight or shatter-resistant substitute for the glass. PMMA or poly (methyl 2‐methyl propanoate) is the polymer of Methyl Methacrylate with chemical formula C5H8O2) n. It is a clear & colorless polymer available in various forms such as pellet and sheet and is marketed by various firms under brand names such as Plexiglas, Acrylite, Perspex, Plazcryl, Acrylplast, Altuglas, and Lucite, etc. PMMA exhibits superior properties such as excellent scratch resistance, transparency, and weather resistance. Additionally, mechanical and optical property degradation caused by UV exposure is minimal with PMMA. Such characteristics have enabled the PMMA applications in varied end-use industries such as construction, signs & displays, automotive, and electronics.

 

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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.


Global Key Players:

Ø  Arkema SA

Ø  Mitsubishi Rayon Co. Ltd.

Ø  Sumitomo Chemical Co. Ltd.

Ø  CHI MEI Corporation

Ø  Evonik Industries AG

Ø  Kolon Industries, Inc.

Ø  Polycasa N.V.

Ø  Saudi Arabia Basic Industries Corporation

Ø  Asahi Kasei Corporation

Ø  Gehr Plastics, Inc.

Ø  Kuraray Group

Ø  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.

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Regional Analysis:


The Global Polymethyl Methacrylate (PMMA) Market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific region emerged as the leading regional market driven by factors such as a surge in automotive production coupled with rising construction spending. The strong growth of LED flat screens sales in countries such as China, India, Japan, South Korea, Thailand, Indonesia, and Malaysia is touted to remain the key driving factors for market growth within the region. The rise of smart TV’s in the recent times has further triggered the consumption of PMMA in the electronics industry. Over 45% of the televisions shipped globally in 2016 were smart TVs and is estimated to surpass USD 120 million by 2020.


Europe followed Asia Pacific in terms of demand for Polymethyl Methacrylate. Strong demand for glazing and facades in the region is expected to drive regional market growth. PMMA offers the construction industry long-lasting and superior aesthetics material choice. UV protection, availability in varied colors, and easy casting are some of the prominent features driving its usage in the European construction industry.

 

Latin America is also expected to witness above-average growth rate with strong growth of the construction and automotive industry. With major automotive companies establishing their respective manufacturing bases in the region, the demand for PMMA is set to rise at a significant rate. Moreover, the global sports events such as Rio Olympics, 2016 and upcoming Central America and Caribbean Games is anticipated to increase the product demand.

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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Polycarbonate Films Market | Size Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2023

 

 

Market Insights:

Polycarbonate films are a sough-after industry material. They desired by vertical such as, automotive, healthcare, electronics, etc. According to the study conducted by Market Research Future (MRFR) the global polycarbonate films market is likely to witness a sound growth during the forecast period (2017-2023). 

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The vast application based of polycarbonate films, continue to fuel their global demand. These films have properties such as excellent stability, clarity, heat resistance, high impact strength, which make desirable for using in various types of industrial application. Membrane switches, labels and nameplates, control panels and boards the some of the products that have polycarbonate films.

Characteristics such as heat resistance and impact resistance make polycarbonate films suitable for manufacturing electronic components that are used in mobile phones, and LCD screens other. Growth of end-use market is a major market driver. 

Market players are actively focusing on development of eco-friendly and recyclable variants owing to introduction of stricter environment laws. At the same time, a greater emphasis is being placed on introducing cost-effective polycarbonate films to boost sales in price-sensitive markets.

Segmental Overview:

The segmental analysis of the global Polycarbonate Films has been conducted based on end-user and product type.

Based on type, the market has been segmented into weatherable, flame retardant, optical, and others. Based on end-user, the market has been segmented into medical packaging, transportation, and electrical and electronics.

Competitive Landscape:

·        Covestro

·        3M Company

·        Mitsubishi Gas Chemical Company, Inc

·        Rowland Technologies

·        SABIC

·        Suzhou Omay Optical Materials co., Ltd.

·        MGC Filsheet co. Ltd

·        Teijin Limited

·        Excelite

Industry News Highlights:

  • German adhesive manufacturing company Covestro is reportedly expanding its production capacity for high-quality polycarbonate films in its Dormagen site. The new coextrusion lines are expected to become fully operational by 2020-end and allow the company to reduce the supply and demand ratio.
  • Saudi based petrochemical manufacturing company SABIC recently unveiled a novel transparent high-heat LEXAN™ CXT film product. The film has been developed using polycarbonate-based technology, which combines high design flexibility and superior optical clarity with robust dimensional and thermal stability at higher process temperatures.

Regional Analysis:

Based on region, the market has been segmented into the Middle East & Africa (MEA), Latin America, Europe, North America and Asia Pacific (APAC). Of these, Asia Pacific accounts for a significant share of the market. Additionally, the market in APAC is projected to exhibit a highest growth during the forecast period. Rising population base and growing per capita income are among the key macro-economic elements that are supporting the market growth in the region. Further, the fast growth observed in electrical and electronic manufacturing sector in countries such as China and Taiwan has been a short to the arm for the APAC polycarbonate films market. China’s growing dominance over the automotive industry is also proving tailwinds to the region’s market.

North America is also expected to remain a highly attractive market for polycarbonate films during the forecast period. Presence of a vast end-use industry “automotive sector” makes the region an attractive business destination for market players. The medical industry and the electronic industry in region also present exciting market opportunities.

The market growth in Europe is expected to be relatively slower compared to APAC and North America. Nonetheless, the region is home to some of the key companies operating in the market, along with the film manufacturing expertise displayed by European players. Such factors are likely to help boost investor confidence in Europe. ‘

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Note: Our Team of researchers are studying Covid-19 and its impact on Various industry Verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.