Dynamite Market | Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2023

 Market Highlights:

Global dynamite (explosives) market is projected to reach USD 17,973.7 million by 2023 at a CAGR of 5.67% by the end of the forecast period 2017-2023. Increasing development projects such as roads, airports, and railways coupled with growing number of housing projects are expected to augment the market growth. Higher production of coal implies higher penetration of explosives. Thus, economic and infrastructural growth leads to a rise in the coal demand. Moreover, increasing demand for ammunition products for the national security of the region and acute need for higher energetic explosives are encouraging R&D investments in end-use industries. However, stringent regulations regarding health safety and toxic emission may hinder the market growth.

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Currently, the market is witnessing a high demand for energy due to industrialization and urbanization. For instance, the global energy consumption was pegged at 575 quadrillion British thermal units (Btu) in 2015 which is expected to be pegged at 736 quadrillion Btu towards the end of 2040. Thus, considering this growth coupled with the increasing population and rising investment in the mining industry, the global market for explosives is expected to register a healthy growth over the forecast period.

Global Key Player:

• Hanwha Corp.
• Incitec Pivot Ltd
• Pakistan Ordnance Factory
• Austin Powder Gmbh
• Eurenco SA
• Explosia, Inc.
• EPC Groupe, Yara
• Nitroerg SA
• Forcit Group
• Titanobel
• Solar Industries India Ltd
• MAXAMCorp Holding, S.L.
• Orica Limited
• IDL Explosives
• Enaex, Anhui Jiangnan
• China Poly Group Corporation
• BME
• NOF Corporation
• Ideal Industrial Explosives Ltd.

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Segment Analysis

The Dynamite Market is segmented on the basis of grade, type, application, and region. Based on the type, explosives are segmented as bulk explosives, cartridges of explosives, ammonium nitrate fuel oil (ANFO), nitroglycerine, and others.The bulk explosives accounted for 47% share of the market in 2016 followed by ANFO and cartridges of explosives. The adoption of the bulk emulsion explosives is increasing owing to the cost-effectiveness as compared to cartridge emulsion explosives. Ammonium nitrate fuel oil is prominent and cost-effective blasting agent available for use in small to large size diameter applications. It is basically dry, free-flowing explosive, formulated to ensure effective use in underground development and tunneling applications. Moreover, ample supply of ammonium nitrate, a key raw material for the production of explosives from countries like China, Russia, India, the United States, and Africa is expected to drive the demand for ANFO based explosives in the coming years.

Dynamite is further classified as high and low explosives based on grade. Low explosives tend to deflagrate and releases a large number of gases and heat. Propellant of gunpowder and pyrotechnics are a common application of low explosives. Subsequently, high explosives are gaining importance in explosives market on account of high demand for ANFO, RDX and PETN materials across end-user industries including mining and construction.

Based on the application, explosives are used in mining, construction, quarrying, and defense industry. Among the aforementioned applications, mining industry accounted for 68% share of the market in 2016 and is estimated to reach USD 12,414.9 million by 2023. Coal mining is the most prominent application of mining industry. Increase in government expenditure towards extraction of coal from the surface or underground mines and deploying advanced technologies to extract mineral rich resources at a deeper level are anticipated to drive the explosives market in mining segment. For instance, the government of India announced an investment of USD 100 million for underground mines. Additionally, increasing private and public infrastructure activities, especially in emerging economies and public transportation, are likely to boost the overall market growth. Rising consumption of explosives for quarrying operations, which inherently relate to rise in the demand for stone and sand for construction activities accounts for 9% of world mining market. With a substantial increase in the demand for power to meet global demand of growing population are expected to gather momentum over the forecast period.

Geographically, Asia Pacific region dominates the global Dynamite Market. The region is estimated to reach USD 8,298.4 million by 2023 at a CAGR of 6.05% by the end of the forecast period 2017-2023.  China and Australia are leading countries in this region due to rich in mineral deposits and growing number of infrastructural projects. Manufacturers are investing in advance technology for mineral extraction at a deeper level to meet the demand of metal and non-metal industry. Furthermore, Indian government initiative of 100% FDI in the construction industry coupled with defense expenditure of USD 53 billion by 2017-2018 is likely to boost the overall explosives market. Europe and North America witnessed a sluggish growth. Substantial growth in road development projects and transportation industry is expected to drive the explosives market in aforementioned regions.

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

 Market Overview:

Synopsis of Zinc Dialkyldithiophosphates Additive Market

Zinc dialkyldithiophosphates additive, also known as ZDDP additive, is a class of coordination compounds that contains zinc bound to dialkyldithiophosphoric acid. ZDDP additives are soluble in non-polar solvents, minerals, and synthetic oils.  These additives are extensively used in the automobile industry as corrosion inhibitors, antioxidants, and anti-wear additives in hydraulic oils, motor oils, and greases. Zinc dialkyldithiophosphates additive provides enhanced protection to lifter bores, rod bearings, main bearings, and camshaft lobes among others. The increasing demand for additives to increase the shelf life of engines along with the need for reduction in emissions is expected to affect the growth of the global ZDDP additive market positively. The growing number of vehicles across  the globe is the major factor driving the zinc dialkyldithiophosphates additive market. Moreover, growing purchasing power in the developing economies is expected to contribute considerably to the growth of the zinc dialkyldithiophosphates additive market. Moreover, stringent government regulation to check the emissions from vehicles across the globe is further augmenting the demand for zinc dialkyldithiophosphates additives. However, the growing demand for electric vehicles is a major downside to the growth of the market.

Among the various end-use industries in the zinc dialkyldithiophosphates additive market, the automobile constitutes the major market share and is expected show the same trend during the review period.  The growing applications as lubricants, greases, antioxidants, corrosion inhibitors, and others are anticipated to contribute to the growth of the market substantially.

Market Scenario

Among the various end-use segment, the automobile is anticipated to be the largest segment with a market share of above 75% during the forecast period. On the basis of the product type, the market is segmented into primary and secondary alkyl zinc dialkyldithiophosphates. Primary alkyl ZDDP has advantages such as better thermal stability but is less efficient in terms of hydrolytic stability and anti-wear protection. The secondary alkyl ZDDP offers better hydrolytic stability and antiwear protection. Moreover, the secondary alkyl ZDDP additives are extensively used in applications extreme pressure applications.

Market Segmentation

The global zinc dialkyldithiophosphates additive market is segmented into product type, application end-use industry, and region. On the basis of the product type, the market is segregated into primary alkyl zinc dialkyldithiophosphates and secondary alkyl zinc dialkyldithiophosphates. On the basis of the application, the global market is segmented into anti-wear additives, corrosion inhibitors, antioxidants, and others. On the basis of the end-user industry, the market is segmented into automotive and industrial. The market by region is further segmented into Asia Pacific, North America, Europe, Latin America, the Middle East and Africa.

Competitive Analysis

Ø  BASF SE

Ø  Afton Chemical

Ø  Chevron Oronite Company LLC

Ø  Infineum International Limited

Ø  Chevron Corporation

Ø  AMSOIL INC

Ø  The Lubrizol Corporation

Ø  Prasol Chemicals Pvt. Ltd

Ø  Camguard

Intended Audience

• Zinc dialkyldithiophosphates additive  market manufacturers
• Traders and distributors of zinc dialkyldithiophosphates additive market
• Production process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory 

Regional Analysis

The global Zinc dialkyldithiophosphates additive market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.  Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an expanding CAGR. The developing automobile sector, especially in India, China, and Japan, is anticipated to be the key factor surging the demand in this region. Moreover, the encouraging government regulations along with the availability of cheap raw material and labor has resulted in the shifting of automobile manufacturing hubs into the region further fuelling the market demand for ZDDP additives.

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Sodium Percarbonate Market Size, Upcoming Trends Opportunities, and Global Research Insight 2023

 Market Research Future (MRFR) announces the publication of its research report –Sodium Percarbonate Market 2017-2023

 

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Sodium Percarbonate Market: Solvay AG, Evonik Industries AG, OCI Peroxygens LLC, Kemira, Khimprom, HOGYE HOLDING GROUP CORPORATION LIMITED, JINKE Company Limited., Jiangxi Boholy Chemical Co.,Ltd, Wuxi wanma chemical co.,ltd,,  Hodogaya Chemical  Co., Ltd.

 

Market Highlights:

 

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, Global Sodium Percarbonate Market was valued at USD 1146 million in 2016 and is predicted to grow at 8.24% CAGR to reach USD 1950 million by the end of 2023. Sodium Percarbonate is gaining importance in the global market with the increasing usage in end use industries such as household cleaning, laundry, textile, laundry, chemical, papermaking, food, industrial cleaning, and others.

 

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Some of the key market factors that positively influence the market growth are, increasing demand from household cleaning industry, growing production of Sodium Percarbonate based detergent, and increasing urbanization. Rapid industrialization coupled with rising disposable income in developed and developing countries are expected to drive the growth of the market over the forecast period. Rising usage of Sodium Percarbonate as a disinfecting agent in end use industry such as food and pharmaceutical owing to increased demand for safe food and pharmaceuticals, is predicted to fuel the growth of the market during the review period. Additionally, tremendous growth of textile industry due to increasing trend of aesthetic clothing is predicted to propel the demand for bleaching agent, which in turn, is expected to fuel the growth of market over the forecast period. However, availability of substitute such as sodium carbonate and other oxygen based bleaching agents is estimated to hinder the growth of the market.

 

Segment Analysis:

 

The Global Sodium Pearbonate Market is segmented into type, application, end use, and region. On the basis of type, the global market has been segmented into coated, uncoated and tablet. Among these, coated type of Sodium Percarbonate dominate the segment and accounted for around 60% market share among others. On the basis of application, the market is divided into detergent agent, cleaning agent, bleaching agent, water treatment, and others. Among these, detergent agent segment has accounted for around 48% market share in 2016, with a market value of USD 551.2 million and is predicted to grow with the highest CAGR of 11.09% during the forecast period. End use segment comprised of household cleaning, laundry, industrial cleaning, textile industry, papermaking industry, chemical industry, food industry, others. Household segment is expected to be the largest segment and exhibit 53% of market share in 2016, with a market value of USD 607.4 million and is predicted to grow with a healthy CAGR owing to rising urbanization and growing purchasing power. Laundry holds the second largest segment and is expected to grow with the highest CAGR of 8.29% during the assessment period. Increasing population and rising tourism activities are the key driving factors for the growth of laundry segment in the upcoming years.

 

Regional Analysis:

 

Regionally, Sodium Percarbonate Market is segmented into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among all the regions, Europe dominates the market and accounted for around 41% of the overall market share in 2016, and predicted to reach USD 816 million during the review period. Asia Pacific is expected to grow with the highest CAGR of around 8.25% during the assessment period. China and India are expected to be the key dominating market due to strong growth in industrial sector. In 2016, European market is trailed by Asia Pacific, which is followed by North America. Developed regions such as Latin America and North America are predicted to witness a significant growth owing to stringent regulatory framework along with the high technology advancement.

 

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Treated Distillate Aromatic Extracts Market Trends, Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2023

 

Treated Distillate Aromatic Extract (TDAE) are used in a large variety of finished products in the chemical and manufacturing industries. It is used as a softening additive in the manufacturing process of rubber compounds. Due to its high aromatic content leads to the reduction of frictional heat buildup during the use of tires. It is also used in manufacturing of other automotive components such as belt, hoses, battery containers and other extruded products. TDAE is used to blend with heavy fuels is an important commercial use in chemical plants and maritime transport.

 

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Some of the prominent factors that positively influence the growth of TDAE Market are, increasing crude oil production reducing the raw material gap, rising demand for efficient tires to reduce power consumption, and increasing maritime trade. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing number of power plants to meet the energy requirements for the ever-growing population. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards cost effective vehicles are estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concerns regarding the toxic effect of chemicals used in TDAE along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

Regional Analysis:

 

The Middle East & Africa is estimated to be the largest TDAE Market followed by North America and Europe due to strong existence of crude oil reserves. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for TDAE in automotive parts manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for TDAE, and is estimated to grow with the same pace over the forecast period. In North America, U.S. and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations. In South America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.

 

Market Segmentation:

 

The Global TDAE Market is categorized on the basis of application, and region. On the basis of application, the TDAE market is categorized into tires & tubes, belting & hoses, battery containers, extruded products, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

 

Key Players:

 

Some of the prominent players operating in the Global TDAE Market are Lanxess (Germany), Royal Dutch Shell plc (the Netherlands), Total S.A. (France), Eni S.p.A. (Italy), Gazpromneft Lubricants (Russia), ATDM (Iran), H&R Group (Japan), Halliburton (U.S.), Nynas (Sweden), and CPC Coproration (China), among others.

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Tetrahydrofuran Market | Research Report, Analysis, Share, Size, Emerging Trend and Region – Forecast to 2023

 

Market Overview:

Tetrahydrofuran is widely used in the formulation of organic substances. It can be synthesized through four chemical processes such as reppe, furfural, butadiene, davy, and others. The product is significantly used as a precursor in the manufacturing of polytetramythelene ether glycol and is also used as a different type of solvents such as reaction, resin, and chromatographic solvents. It is widely used in the manufacturing of spandex and polyurethane elastomers. Spandex is used in the manufacturing of sportswear due to its high elastic property, casual wear, and home furnishing.

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The product demand is increasing from sports industry due to rising interest of the consumers towards adventure sports for fitness. Escalating demand from automobile industry for rigid insulation lanes is driving the market for polyurethane elastomers. Increasing use of building and construction industry due to abrasion resistance is fuelling the polyurethane demand. Additionally, flexible polyurethane form is increasingly used in the furniture making, and packaging industry is owing to greater strength, high durability and excellent comfort. Moreover, it is used as a chemical reagent in pharmaceutical synthesis, which may fuel the demand for the product from the pharmaceuticals industry. Among the other processes used for synthesizing tetrahydrofuran, reppe is most widely used due to high efficiency and greater cost-effectiveness of this process.

Tetrahydrofuran Market – Competitive Analysis

Tetrahydrofuran is at the growth stage and is expanding rapidly across the globe especially in the Asia pacific region owing to the expanding textile industry. Some of the growing trends noticed among the market players are acquisition. However, some market players have stopped production of THF and butanediol as a result of fire incidences happened at their manufacturing plants. For instance, BASF SE is expanding its manufacturing capacity of the Tetrahydrofuran Market under the brand name Cellasto in Gujarat. This is with respect to the growing demand for the product from the automotive industry coupled with increasing spending on the vehicles by the middle income group in India.

Key Player:

·        Merck KGaA

·        Technical Chemical Compan

·        Mitsubishi  Chemical Corporation

·        Ashland

·        INVISTA

·        BASF Corporation

·        Dairen Chemical Corporation

·        BioAmber Inc

·        LyondellBase

·        Credence Chem Private Limited

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Industry/ Innovation/ Related News:

January 2018 - BASF Corporation closed its THF and butanediol plant in North America post two events that happened at Geismar, Louisiana, manufacturing facility.

October 2017– INVISTA, a leading integrated producer of chemical intermediates, polymers, and fibers, signed agreement to sell its apparel and advanced textiles business to Shandong Ruyi Investment Holding. INVISTA will retain intellectual property rights for 1.4 butanediol (BDO), tetrahydrofuran (THF), and polytetramethylene ether glycol (PTMEG) technologies.

August 2017– Ashland has stopped production of 1.4 butanediol and tetrahydrofuran (THF) in Europe after the fire incidence took place at its manufacturing facility at Marl, Germany.

Regional Analysis

Asia Pacific region is witnessing a significant growth for tetrahydrofuran due to its extensive use in the major end-use industries in this region such as textile and apparel industry; it is one of the fastest growing industries in India and China. Growing penetration of organized retailers and increasing sales and trading through e-commerce mode is propelling the growth of the regional market. Furthermore, the demand for the product from paints and coatings industry is increasing due to growing demand from the residential and commercial building construction and automotive industry in this region, especially in India, China, South Korea, and Thailand.

North America and Europe regions are expected to witness a sluggish growth during the assessment period owing to the stringent government regulations in place to limit the production of tetrahydrofuran, which harms the health and environment.

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Synthetic and Bio-Based Aniline Market | Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023

 

Market Scenario

Aniline is an oily, colorless, organic compound, and is classified under family of aromatic amines. Aniline is produced synthetically by either reduction of nitrobenzene or by substitution of chlorobenzene. Bio-based aniline is recently introduced by Covestro AG Company, and it is produced by combining sugar and ammonia using a micro-organism. The synthetic and bio-based aniline are predominantly used as a raw material for producing MDI, which is commonly used for manufacturing polyurethane (PU) and PU based foams, paints & coatings, adhesives & sealants, elastomers, and binders. Furthermore, aniline is also used in the manufacturing of rubber processing chemicals, dyes & pigments, pharmaceuticals, agrochemicals, photographic chemicals, and diphenylamine among others. Wide application of PU in different end-use industries is expected to drive the synthetic and bio-based aniline market.

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Market Segmentation

The global synthetic and bio-based aniline market is segmented by type, process, application, end-use industry, and region.

On the basis of the type, the global synthetic and bio-based aniline market is segmented into synthetic aniline and bio-based aniline. Synthetic aniline accounted for the largest share of the global aniline market in 2017. However, the introduction of the bio-based alternative of aniline is expected to witness high demand during the forecast period owing to stringent regulations by regulatory bodies like OSHA, NIOSH, and EPA against the use of its significant counterpart due to its dangerous health hazards.

On the basis of the process, the global synthetic and bio-based aniline market is segmented into a reduction of nitrobenzene and substitution of chlorobenzene. Reduction of nitrobenzene was most commonly used in the manufacturing process of aniline in 2017 owing to its high yield, fast reaction kinetics, and high productivity. Substitution of chlorobenzene is relatively a newer technique and is expected to gain momentum slowly but steadily over the forecast period.

On the basis of the applications, the global synthetic and bio-based aniline market are segmented into methylene diphenyl diisocyanate (MDI), rubber processing chemical, dyes & pigments, pharmaceuticals, agrochemicals, photographic chemicals, diphenylamine, and others. MDI accounted for more than 80% share of the global market in 2017 owing to the wide applications of polyurethane derived from it across different end-use industries.

On the basis of the end-user industry, the global synthetic and bio-based aniline market is segmented into building & construction, automotive, home furnishing, electrical & electronics, and others. Building & construction industry held the largest market share of the global synthetic and bio-based aniline market in 2017 under end-use industry category owing to the high consumption of PU for insulation and other areas and is expected to continue the same growth over the forecast period, 2018-2023.

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Regional Analysis

The global synthetic and bio-based aniline market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to dominate the synthetic and bio-based aniline market, followed by Europe, which is further trailed by North America.

The Middle East & Africa market is expected to grow at a moderate rate. Latin America is expected to have the least market share due to the slow overall progress of the region.

Competitive Analysis

Ø  BASF SE

Ø  Huntsman International LLC.

Ø  GNFC.

Ø  China Petroleum & Chemical Corporation

Ø  Sumitomo Chemical Co., Ltd.

Ø  Tosoh Corporation

Ø  Covestro AG

Ø  Borsodchem Mchz S.R.O.

Ø  SP Chemicals Holdings Ltd.

Ø  Arrow Chemical Group Corp.

Ø  DowDuPont Inc.

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Solar Control Window Films Market Analysis, Share, Size, Emerging Trend and Region – Research Report, Forecast to 2023

 

Solar Control Window Films Market Forecast to 2023:

Market Research Future published a raw research report on Global Solar Control Window Films Market that contains the information from 2017 to 2023. Solar control window films market is expected to grow with the CAGR of approximately 6% from 2017 to 2023.

Solar control films are thin films, particularly intended for outer building surfaces, such as entryways and windows, and are significantly utilized for the exchange of heat and light. In addition, these solar films limit extreme heat and radiation levels, providing security against glare, hotspots, and uneven temperature variations. These solar films have altogether prompted lessening of oncoming heat radiated from the sun on glass, which effectively decreases the building (residential or commercial complex) cooling costs. During winters, these solar films lessen the high amounts of radiation (which is intensified due to the depletion of the ozone layer) by 35%. Additionally, use of solar control films has become common in urban setup in tropical countries around the globe and in other places, which experience warmer temperatures throughout the year.

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The market witnesses noteworthy development due to the growth of real estate business. Likewise, infrastructural improvements in developing countries, including development of shopping centers and elevated structures, add to the development of solar control films. Additionally, the continuous pattern of developing newer and better structures (for improving the infrastructure of the region) that have more glass tiles on its exterior, makes customers choose sun control films by default. The crackdown of governments across the world over the unprecedented use of fossil fuel consuming devices (including automobiles, electricity generators, heaters, and coolers) has led to considerable regulation in heat retention and radiation due to manmade activities. These human activities are adversely hampering the environment and enhancing the greenhouse effect due to the entrapment of solar heat and radiation. In order to reduce this negative impact of the overall natural and manmade activities, solar control window films are a very strong and viable option.

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The key players in solar control window films market are The 3M Company (U.S.), The Window Film Company (U.K), Eastman Chemical Company (U.S.), Garware Suncontrol – Window Film (India), Solar Control Films Inc. (U.S.), Purlfrost Ltd. (U.K), Saint-Gobain S.A. (France), Sun Control, Madico Inc. (U.S), Polytronix Inc. (U.S.), and Solyx Films SA Pty Ltd (South Africa).

This research report provides insights, into various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global automotive connecting rod market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

Market Segmentation:

On the basis of type, the most commonly and widely used is the dyed variety (non-reflective). This is because the production cost of the solar control film is quite less. Additionally, factors such as ease of manufacturing, in terms of procuring the raw material; huge demand in different organizations; rising population on a global scale; and resultant need for more buildings for residential places makes the solar control window films a very attractive proposition. On the basis of application, Solar Control Films are used almost in equal measure in areas, such as automobile industry, construction and real estate, transportation and logistics of passengers, raw materials, marine engineering and commercial operations, commercial, and passenger airplanes. The installation of solar control window system is expensive but is of critical and high importance. Thus, the installation cost more or less gets covered by the benefit of temperature control and safety of goods and passengers (or the inhabitants, in case of a building). Thus, their use can be controlled and managed according to the requirement. 

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Shape Memory Alloys Global Market Growth by Industry Size, Share, Revenue and Forecast Up to 2023

 Synopsis of Shape Memory Alloys

Shape memory alloys (SMA) are also known as smart materials, which remember their original shape by heating after shape deformations. SMA belong to a unique class of materials that possesses superior thermo-mechanical properties with high corrosion resistance. Thus, they are widely used in numerous end-use industries such as aircraft, transport, biomedical, spacecraft, electrical appliances, subsea, construction & housing, and others. SMA include nickel-titanium, Cu-Al-Ni, Cu-Zn-Al, and others. The commonly used shape memory material is an alloy of nickel and titanium called Nitinol. Nitinol is available in the form of rods, wires, thin films, and bar stocks.

As per MRFR’s analysis, some of the factors and trends identified in the global shape memory alloys market include constantly growing healthcare industry, rising usage of SMA for neurology and neuromuscular rehabilitation, and widening biomedical application scope of SMA in orthopedic, cardiovascular and in surgical instruments. Furthermore, in the recent years, the healthcare industry has focused on the concept of less invasive surgical procedures. Therefore, shape memory surgical instruments been have developed, which rapidly become popular. Moreover, the development of laparoscopy tools and intra-aortic balloon pump with SMA along with rising expenditure on healthcare in emerging economies are projected to fuel the market growth over the estimated period. Rising technological advancements along with the growing use of SMA in the manufacture of aerospace parts is likely to drive the market over the assessment period, 2017-2023. However, higher cost associated with the SMA on account of fluctuating price of raw materials is estimated to hamper the growth of the market.

Global shape memory market is estimated to reach USD 11,079.1 million by 2023 at healthy a CAGR of 10.79% over the assessment period, 2017-2023.

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Regional Analysis

By geography, the global shape memory alloys market is segmented into five regions:  Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa.

North America dominated the global shape memory alloys market in 2017 on account of flourishing growth of industries such as biomedical, aircraft, spacecraft, and transportation.

Asia Pacific region accounted for around 25% of the overall volume share in 2017 and is predicted to reach USD 2,998.3 million with a significant CAGR of around 12.18% over the forecast period. The demand for shape memory alloys is estimated to surge in various countries such as China, Japan, and India due to rising construction & housing, biomedical, spacecraft, and transportation industries. China accounted for a market value of USD 486.2 million in 2017 and is estimated to reach USD 1,010.5 million over the assessment period.

European region accounted for around 26.1% of the overall market share (in terms of value) in 2017 and is expected to grow at a significant CAGR of 9.48% over the assessment period. Germany, Spain, France, and the U.K are among the key contributors to the regional market growth and are estimated to retain their dominance over the forecast period due to the presence of robust manufacturing base for the transportation sector. Germany holds the largest regional market share and accounts for around USD 408 million, which is further followed by the U.K. The high adoption rate of nickel-titanium in superelastic, actuators, and frangibolt application drives the regional market growth.

Matured markets such as North America and Europe are likely to witness steady growth over the review period, 2017-2023 on account of growing use of SMA in aircraft, biomedical, and transportation. Furthermore, high adoption rate in the spacecraft end-use industry combined with the rising expenditure on a space mission from various countries such as the U.S., Russia, China, India, and Japan is expected to fuel the regional market growth. The Middle East & African countries are projected to witness a healthy growth on account of growing building & construction activities in developing countries such as Saudi Arabia, Kuwait, the UAE, and Turkey.

Segmentation

The shape memory alloys market is categorized on the basis of type, application, end use industry, and region. On the basis of the type, SMA market is categorized into nickel titanium, Cu-Al-Ni, Cu-Zn-Al, and others. The nickel titanium type segment is dominating the market and is estimated to retain its dominance due to excellent properties and high adoption rate in many end-user industries. On the basis of the application, the market is segmented into superelastic, actuators, constrained recovery, frangible, vibration dampers, shock absorbers, and others. On the basis of the end-user industry, the market is classified into biomedical, aircraft, spacecraft, transport, electrical appliances, construction & housing, subsea, hot water supply, and others. On the basis of the region, SMA is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.

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Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the global Shape Memory Alloys market: SAES Getters S.p.A, TiNi Alloy Co, Ultimate NiTi Technologies Inc, Fort Wayne Metals Inc., Metalwerks PMD Inc, ENDOSMART GmbH, Admedes Schuessler GmbH, DYNALLOY, Inc., EUROFLEX GmbH, Confluent Medical Technologies, Inc, Aerofits Products Inc, Burpee Materials Technology LLC., Johnson Matthey Inc, TiNi Aerospace, FURUKAWA ELECTRIC CO., LTD, Baoji Seabird Metals Materials Co., Ltd., Baoji TITANIUM INDUSTRY CO., LTD, and XSMA, Inc

Geographic Analysis 

The report covers brief analysis of geographical region such as:

North America 

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific 

• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Middle East & Africa

• Turkey
• UAE
• Saudi Arabia
• Rest of the Middle East & Africa

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

 

Market Overview

Reclaimed rubber is manufactured by recycling natural and butyl rubber tubes. It is categorized into whole tire reclaim (WTR), butyl reclaims, ethylene propylene diene monomer (EPDM), and others. WTR is produced using natural tubes and is the most widely used rubber due to its suitability for a variety of natural products. It is increasingly used in the manufacturing of tread tires, conveyor belts, hot melt adhesive, automotive components, and footwear because of less power consumption, high durability, and vulcanizing properties.

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The automotive industry largely consumes EPDM for door & window stripping and car seats. Reclaimed rubber is used in tire and non-tire applications. In tire applications, the product is majorly used in the tire treads and retreads due to reducing shrinkage and good aging. Growing automotive and aerospace industries are driving the market growth for tire manufacturing. In non-tire applications, the product use is largely used in footwear and matting owing to changing trends and increased spending by the consumers.

Competitive Analysis

·        Fishfa Rubbers Ltd

·        GRP LTD

·        Rolex Reclaim Pvt. Ltd.

·        Sun Exim

·        Swani Rubber Industries

·        HUXAR

·        Minar Reclamation Pvt. Ltd.

·        Miracle Rubbers

·        Genan

·        MICHELIN

·        Revlon Rubbers Private Limited

·        High Tech Reclaim Pvt. Ltd.

Market Segmentation

The global reclaimed rubber market is segmented based on type, applications, and region.

On the basis of the type, the reclaimed rubber market is divided into the whole tire reclaim (WTR), butyl reclaims, ethylene propylene diene monomer (EPDM), drab & colored, and others.

Based on the application, the global reclaimed rubber market is segmented into tire and non-tire.

The tire application is further segmented into inner liner, inner tubes, tire sidewalls, tire plies, and tire treads & retreads.

The non-tire application is further segmented into conveyor belts, molded goods, adhesives, footwear, matting, profiles, and roofing.

Geographically, the market is divided into five key regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia Pacific is the leading region in the reclaimed rubber market as a result of increasing production of automobiles coupled with growing population and improving living standard. The rise in the production of hybrid and electric cars is driving the market growth further.

North America and Europe are growing substantially owing to rising innovations in the manufacturing of aircraft and automobiles. This is concerning the recycling standards and regulatory intervention by the governments to reduce landfill and environment pollution.

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