Con_Blog: January 2021

Friday, January 29, 2021

Water-Soluble Paints Market | Trends, Size, Share, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2023

Market Overview:

The resins in water gets easily soluble are called water soluble paints. In this type of paints water is used as a dispersal agent for resins which synthesized by polymerization. These paints are eco-friendly in nature and are easier to apply on different applications of building & construction, automotive, and furniture among other industry. It contains most of the solid dissolved in the water-based dispersion and rest water miscible organic solvents.

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Water soluble paints are driven with major consumption in building and construction industry due excellence of properties like corrosive resistance and glossy properties. However, the growing population, infrastructure development, and ease of availability increases the demand in commercial, residential, and industrial construction applications. The major growth factor of market is comprising from automotive industry due to increase in individual investment power and change in lifestyle.

Water soluble paints is segmented in different product types, such as acrylic, polyester, alkyd, epoxy, and epoxy ester. This types of product finds an application in building & construction, automotive, furniture making industry, and others end-use industry. The advancement in the manufacturing technology of water soluble paints boost the market over the forecast period. DowDupont introduced the waterborne acrylic polymer technology for high performance and low VOC industrial coatings. This helped the industry to offer finishing paints in tanks, pipes, bridges, metal buildings, beams, doors, and ceilings. Asia-Pacific is one of the largest market in demand of water soluble paints due to huge investment in building & construction and automotive sectors. Also, the pace in furniture industry expected to fuel the demand of water soluble paints over the forecast period.

Competitive Analysis:

Water Soluble Paints Market is competitive and the major players involved in the market are adopting strategies such as acquisitions, product launch, investment in R&D and expansion to attain significant market share and gain sizeable revenue,

Key Player:

Ø AkzoNobel N.V.

Ø Axalta Coating Systems

Ø BASF SE

Ø Berger Paints India Limited

Ø Kansai Paint Co.,Ltd.

Ø Nippon Paint Company Limited

Ø PPG Industries Inc.

Ø Rpm International Inc.

Ø The Sherwin-Williams Company

Ø asian paints

Ø The Valspar Corporation

Ø Tikkurila Oy

Ø Chenyang Waterborne Paint

Ø Jotun

Ø Sika AG

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Industry/ Innovation/ Related News:

June 2017– The Sherwin-Williams Co. acquired the Valspar Corp. in the U.S. This acquisition helped the company to step-up new strategies and expand its paints & coating business, globally. The development provides world-class brand, wide the product range, increases the overall sales and revenue, multiple technology and innovation. This helped the company to made value added customers.

April 2017- BASF SE and Landa Labs made the long term partnership in Germany. BASF has employed Landa’s nano-pigment technology in easy dispersible ultra-high-transparency pigments under the color & effects business segment. This development helped to provide excellence of color depth in the production of automotive paints & coatings

June 2017– AkzoNobel expand its U.S. based R&D facility in Houston with the investment of USD 3.5 million. The research facility support the company protective coatings, marine coatings, and specialty coatings businesses. This facility of provides the exceptional platform to the company in paints & coating business.

June 2017- PPG made investment of USD 49 million to open its paint & coating manufacturing facility in Russia. This facility has a capacity to produce about 6.6 million gallons of coatings. This facility not only offer paints & coating application for automotive, industrial, packaging, and marine applications but also technical laboratories for better R&D.

August 2017- Axalta Coating Systems acquired Plascoat Systems Limited in Pennsylvania. Plastcoat has expertise in formulation, manufacturing, and applications of thermoplastic polyolefin coatings. This acquisition helped Axalta to build new heights in paints & coatings industry of meet the customer requirement in more with additional benefits.

Intended Audience

Water soluble paints Manufacturers
Traders and distributors of water-soluble paints
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

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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.

Covid – 19 Analysis on Tungsten Carbide Powder Market | Comprehensive Analysis, Market Segments, Key Players and Opportunities 2020-2023

Market Overview:

Tungsten carbide powder is a chemical compound that comprises atoms of tungsten and carbide and is produced by reacting tungsten powder with high purity carbon at temperatures between 1300–1600C in hydrogen atmosphere. It is the most conventional process to produce tungsten carbide powder and known as carburization. Owing to its unique properties such as hardness, high modulus of elasticity, and strong electrical and thermal conductivity, tungsten carbide powder has found applications in several end-use industries such as building & construction, oil & gas, automotive, mining, and aerospace & defense.

The market for tungsten carbide powder is driven by the increase in demand for hard-wearing machinery tools for cutting, drilling, and mining purposes. Furthermore, the growing building & construction and automotive industries are is expected to have a significant impact on increasing demand for tungsten carbide powder materials, thereby propelling the growth of global tungsten carbide powder market. The rapid industrialization in Asia-Pacific is also expected to boost the growth of the market during the forecast period.

Industry Segmentation:

The global tungsten carbide powder market is segmented by grade, application, end-use industries, and region.

Various grades of tungsten carbide powder are available in the market such as rotary drilling & mining, metal forming & wear, submicron, corrosion resistant, general purposes, and others. Among these, the rotary drilling & mining grades are the leading segments in the market owing to high impact resistance, stiffness, and ability to perform in severe conditions.

The application segment includes cutting tools, wear parts, roll & die, diamond tools, mining tools, and abrasive products. The carbide cutting tools are often used for machining through materials such as carbon, stainless steel, and in situations where other tools would wear away. They offer a better finish and allow faster machining at a much higher temperature than standard high-speed steel tools.

The mining & construction end user segment is leading the market growth owing to the high product demand in top-hammer rock drill bits, downhole hammers, roller-cutters, longwall plough chisels, longwall shearer picks, raise boring reamers, and tunnel boring machines. This growth is attributed to its superior properties such as resistance to abrasion & impact, toughness, and hardness.

Competitive Analysis

Sandvik AB
Kennametal
CERATIZIT S.A.
Federal Carbide Company
GuangDong XiangLu Tungsten Co.,Ltd
Nanchang Cemented Carbide Co., Ltd.
JAPAN NEW METALS CO., LTD.
Umicore
ChinaTungsten
C. Starck GmbH
Reade International Corp.
Merck KGaA

Regional Analysis

The global tungsten carbide powder market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global tungsten carbide powder market in 2016 on account of the high demand from the major end-use industries such as construction, transportation, and aerospace in countries such as Japan, India, China, and others.

North America was the second largest region in the global tungsten carbide powder market in 2016 owing to the high demand from the military & defense, automotive, and aerospace industries.

The high product demand from the manufacturing of various automotive parts in Western European countries is likely to influence the market growth.

The Latin American region is expected to grow significantly due to the growing automotive industry in the region.

The increasing exploration of oil & gas reserves and infrastructural hub present in the GCC countries is likely to drive the market in the region.

Coronavirus Outbreak and Plastic Films Market @ https://www.marketresearchfuture.com/report/covid-19-impact-plastic-films-market

COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market@ https://www.marketresearchfuture.com/report/covid-19-impact-pvc-market

Textile Fabrics Market | Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2025

Market Highlights

The Textile Fabrics Market is projected to register a healthy CAGR of 5.67% and is estimated to attain a market value of USD 398.81 Billion by the end of 2025.

The major factors favoring this growth trajectory of the global textile fabrics market the surging demand for sportswear and performance clothing across the globe; and robust growth of the textile industry in the economies of Asia-Pacific namely, India, China, Indonesia, Malaysia, Thailand, and Myanmar. Also, increasing demand for customized t-shirts is likely to further propel the global market growth. The growing consumer shift from non-organic cotton to organic cotton is expected to create lucrative opportunities for the market players. However, the fluctuating prices of cotton and the risks associated with cotton farming are likely to diminish the overall market growth.

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Polyester is the preferred fabric for manufacturing sportswear owing to its lightweight, low cost, high durability, quick-drying, high wind and water resistance, and dye fastness. Furthermore, polyester can regulate body temperature, delay exhaustion, and enhance muscle performance. It has excellent dimensional stability and offers high resistance to dirt, mold, alkali, and most common organic solvents. It is light in weight, soft, and offers elasticity—the required characteristics for sportswear. Polyester is used in the manufacturing of sportswear since the 1970s owing to its excellent physical properties. Moreover, the polyester filament fabrics can be applied with a hydrophilic coating. Thus, polyester-based fabrics with their hydrophobic core and hydrophilic coating help to wick moisture away from the skin. Sometimes, polyester is blended with cotton or other fabrics to increase breathability, maintain moisture management, and enhance durability. The major brands, such as Adidas, are gradually shifting toward recycled polyester to manufacture sportswear.

Market Players

· Antex Knitting Mills

· Coville

· Arvind Limited

· Loyal Textile Mills Ltd

· Reliance Industries Limited

· YI CHUN TEXTILE LTD

· Shahlon Group

· Bombay Rayon Fashions Limited

· Weiqiao Textile Company Limited

· China Textiles Co.,Ltd

· HuaFang Group

· COFCO -CHINATEX

· Wolfin Textiles Ltd

· Lauffenmühle

· Klopman International S.r.l.

· Whaleys

· LTD

· Toray Textiles Europe Limited

· Premier Textiles Limited

Segment Analysis

The Global Textile Fabrics Market has been segmented on the basis of fabric type, application, and region.

Based on fabric type, the market has been divided into cotton, polycottons, and polyester. The polycottons are further segmented into 65/35%, 50/50%, 35/65%, 40/60%, 10/90%, and others. Among the fabric type, cotton held the largest market share of more than 50% in 2018. This is primarily due to its wide use in the manufacturing of apparel and clothing on account of its ability to control moisture and comfort. It is hypoallergenic and weatherproof fabric with good durability. It is breathable and transmits moisture away from the body and also acts as an absorbent. Polycotton fabrics are cotton-polycottons fabrics available at low cost and exhibit high performance, easy-wash ability, and good colorfastness (ability to hold dye) of the fabric. Polyester is generally cheaper than cotton fibers and the two are blended to make the fabric more affordable as well as both breathable and sweat-resistant, with cotton absorbing sweat better and polyester having good wicking and quick-dry properties.

By application, the global textile fabrics market has been segmented into a t-shirt, sportswear, outdoor clothing, and performance wear. The t-shirt segment accounted for the largest market share in 2018. This is mainly attributed to the high use of t-shirts in the leisure wears or daily wear category. Also, the current trend of getting the t-shirts personalized as per the demand has favored the use of t-shirts at present. However, the sportswear segment is projected to grow at the highest CAGR of 6.14% during the forecast period. This is primarily due to the high demand for high-performance sports apparel. The sports apparel is gaining popularity in many developing countries such as China, India, and Brazil owing to the upcoming Olympics and FIFA World Cup coupled with increasing concern for health fitness.

Regional Analysis

The Global Textile Fabrics Market is studied with respect to five key regions, namely Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America. The proliferating textile and apparel industry in the emerging economies of Asia-Pacific is expected to augment the global market growth during the forecast period. The market for textile fabrics in Asia-Pacific is estimated to register the highest CAGR of 6.18%. This is attributed to the well-established textile industry in the regional market and the growing demand for sports and performance wears. Additionally, the easy availability of raw material, low labor costs, and excellent growth of the emerging economies such as China India, Vietnam, Bangladesh, ASEAN, Taiwan, and Thailand may favor the regional market growth.

The European market held the second-largest market share in 2018, which is attributed to the high use of the fashion and sports apparel in the region. The North American market is estimated to register a healthy CAGR of 5.87% wherein the US is the major contributor to the growth of the regional market. This is due to the increasing consumption of cotton fabric in T-shirts and outdoor clothing.

Key Findings of the Study:

Global Textile Fabrics Market is projected to be valued at over USD 398.81 Billion by the end of 2025 with a CAGR of over 5.67% during the forecast period of 2019–2025

Asia-Pacific dominated the global market with a share of over 40% owing to the increasing demand for textile fabrics in the well-established fashion apparel industry

The cotton fabric segment held more than 50% share of the global market in 2018 and is expected to be valued at over USD 200 Billion by the end of 2025

T-shirts segment dominated the market for textile fabric by application, with over 50% market share in 2018

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/textile-fabrics-market-8231

Steel Processing Market | Size, Trends, Development Status, Business Opportunities, Future Demand, Competitive Landscape and Growth by Forecast 2022

Steel Processing Market Overview to 2022

Steel processing is done to produce varied intermediate steel products which serve as inputs to business in other industries. As per the analysis of market Research Future (MRFR), the global steel processing market is expected to reach USD 600 Bn at a CAGR of 2% by the end of the forecast period of 2016-2022.

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Steel is the most widely used structural material in the world and practically finds application in almost all industries. The global steel processing industry is growing in tandem with the increase in global industrial production. High industrial output in advanced economies along with rapid industrialization in the developing countries has provided impetus to the growth of the global steel processing industry. Steel forms an indispensable part in a myriad of products. The urban population requires a massive amount of new steel products which boosts the growth of the market.

Increasing infrastructural activities, especially in the developing countries induce high demand within the steel processing market. Steel is largely used in the making of railway tracks, roads, bridges, and others.

Competitive Landscape

· Tata Steel Ltd

· Hyundai Steel Co.

· ThyssenKrupp AG

· Steel Authority of India Limited

· Bridon International Ltd

· Hebei Iron & Steel Co Ltd

· Kobe Steel, Ltd.

· Jiangsu Shagang Group Company Limited

· Severstal PAO

· Maanshan Iron & Steel Company Limited.

Industry Updates

February 2019- Steel Authority of India Limited (SAIL), inaugurated its new steel processing unit in Champaran, Bihar. An investment of 1.16 billion has been made on ten same and the production facility will churn out high-quality steel tubes and pipes.

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Market Segmentation

The global Steel Processing Market has been segmented based on steel type and application.

By steel type, the global steel market has been segmented into Alloy Steel, and Carbon Steel. The carbon steel segment is expected to lead the global market. Being harder than alloy steel, carbon steel is extensively used for construction purposes.

By application, the global steel processing market has been segmented into Construction, Energy, Automotive, Consumer Goods and others. Application-wise, the construction segment is expected to dominate the market.

Regional Analysis

Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW) are the key markets for steel processing.

APAC market for steel processing is expected to showcase rapid growth over the forecast period due to large-scale industrialization taking place in the region. The major shift in manufacturing base in APAC has further accelerated the growth of the steel processing market in the region. Availability of relatively cheap labor and land coupled with ease of operations purveyed by favorable government policies has led to set up multiple steel processing plants in the region. Infrastructural development in the region generates high demand for processed steel. Availability of iron ore in abundance in the region is also a factor that cannot be ignored. China, India, Japan, Brazil are among the countries with high steel production capacity.

North America too is a significant market for steel processing driven by continuous demand for steel from various industries. The US is among the world's top steel producing economy.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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

Market Overview:

Silicone Additives are widely used in some of the end use application such as food & beverage, personal & homecare, paints & coatings, construction, plastic & composites, paper & pulp, and others. The silicone additives market is estimated to witness significant growth due to their unique properties along with excellent usage in numerous end use industries specifically in cosmetics & personal care, construction, and automotive.

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Among the application segment, in 2016, plastic & composites holds for the largest application segment and is projected to retain their dominance due to continuous growth of paints & coatings, and food & beverage industry in emerging economies. The factors attributed to the silicone additives market growth are significant growth of personal & homecare in developing countries, increasing automotive production and sales, and expanding construction sector. Moreover, expanding population coupled with burgeoning demand for good quality cosmetics has raised the consumption of silicone additives based personal care products which is likely to propel the growth of the market over the assessment period.

Industry/ Innovation/ Related News:

November 2017- DowDupont, a leading manufacturer of specialty chemicals launched silicon additive named as Dow Corning 904H coating additive for architectural façade coatings which offers improved aesthetics for building exteriors. This product also enhance water resistance, repellency, and beading in coatings by rising their surface hydrophobicity. This product launch enhanced company’s status among the silicon additives providers.

September 2017- Shin-Etsu Chemical Co., Ltd., announced to expand their manufacturing capacity of their Akron, Ohio plant which is already involved in the production and sales of silicones. The construction work is estimated to be complete by the end of 2019. With this expansion, the company will strengthen their position among the silicone additives manufacturer.

November 2017- Spherix Mineral Products signed an agreement with ChemSpec to distribute Dispersix brand of HCR silicone processing additives. This distribution agreement will help company to strengthen their presence in Mexico and U.S.

Competitive Landscape

The Silicone Additives report has examined the level of competition amid the major manufacturers in silicone additives market as well as industry growth and market scenario. The global silicone additives market composed of wide range of producers operating in the market which involves medium level and large scale suppliers. Some of the key operating producers of silicone additives which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from the Philippines, Malaysia, Taiwan, Japan, Australia, China, South Korea, India, and Thailand. Moreover, the key manufacturers of silicone additives are observed to follow various strategic plans to enhance their product portfolio such as product launches, strategic acquisition, distribution agreements, joint ventures, and mergers, and exclusive agreements. Some of the key producers in this market are estimated to improve their production capacity of silicone additives to meet the rising demand for silicone additives across the globe.

Global Key Player:

Ø KCC Corporation

Ø Wacker Chemie AG

Ø BYK Additives

Ø Siltech Corporation

Ø BRB International

Ø DowDuPont, Evonik Industries AG

Ø Shin-Etsu Chemical Co., Ltd

Ø Elkem, and Momentive

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Regional Analysis:

Geographically, Asia Pacific is estimated to hold the largest silicone additives market share in 2016 which is followed by North America and further trailed by Europe. North American silicone additives market is anticipated to exhibit moderate growth during the review period due to growing awareness regarding the benefits associated with product along with raised consumption in end use application in this region. Asia Pacific is estimated to witness tremendous growth over the assessment period in silicone additives market due to increasing application of silicone additives in numerous end use application segment. In Asia Pacific, the demand for silicone additives is estimated to improve in numerous countries such as Japan, South Korea, Indonesia, the Philippines, Taiwan, India, and China owing to rising population along with shifting of production units for most of the key operating players in this region. In Europe, silicone additives market is predicted to register above average growth owing to shifting consumer preference towards the silicone additives along with high adoption rate in automotive, plastic & composites, and paper & pulp specifically in France, Italy, Belgium, Germany, Poland, Spain, UK, and Russia.

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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:

v Placon

v Clear Path Recycling

v Verdeco Recycling Inc.

v Indorama Ventures Public Company Limited

v Zhejiang Anshun Pettechs Fiber Co., Ltd

v PolyQuest

v Evergreen Plastics

v Montello S.p.A.

v Phoenix Technologies

v M&G Chemicals

v 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.

Coronavirus Outbreak and Plastic Films Market @ https://www.marketresearchfuture.com/report/covid-19-impact-plastic-films-market

COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market@ https://www.marketresearchfuture.com/report/covid-19-impact-pvc-market