Purified Terephthalic Acid (PTA) Market | Projected to Reach 61.78 Billion USD by 2023| at a CAGR of 5.1%

The Purified Terephthalic Acid (PTA) market is estimated to be USD 48.14 billion in 2018 and is projected to reach USD 61.78 billion by 2023, at a CAGR of 5.1% from 2018 to 2023. PTA is an organic compound produced commercially through the oxidation of paraxylene by oxygen in air. A majority of PTA is consumed in the development of polyester resins, such as polyester films, polyester fiber & yarn, and PET material bottles. PTA is also used as an intermediate in the manufacturing of liquid crystal polymers, plasticizers, polybutylene terephthalate, and others (that include cyclohexane dimethanol, terephthaloyl chloride, polytrimethylene terephthalate, and copolyester ether elastomers).

Asia Pacific is the largest market for PTA. The increasing consumption of PET material bottles and the rising demand for PTA from the packaging industry are key factors driving the growth of the Asia Pacific purified terephthalic acid market. Rapid industrialization in Asia Pacific countries is also fueling the growth of the purified terephthalic acid market in this region.

Based on application, the polyester segment of the purified terephthalic acid market is projected to grow at the highest CAGR during the forecast period. Polyester is classified into 3 grades, namely, fiber & yarn grade, Polyethylene Terephthalate (PET) grade, and film grade. PET resins are used as packaging materials for food & beverage products, such as chips, pickles, jams, fruit juices, and soft drinks. PET is replacing traditional packaging materials, such as glass, paper, metal, and aluminum, owing to its properties that include high strength, lightweight, improved clarity, long-term durability, and improved design plasticity. The unique properties of PET and its eco-friendly nature have contributed to PET resins becoming the preferred choice of packaging material. The growth of the polyester application segment can be attributed to the increased consumption of packaged food & drinks and rise in per capita income of consumers. 

The South America purified terephthalic acid market is projected to grow at the highest CAGR during the forecast period. The presence of key manufacturers of PTA such as Petroquimica Suape (PQS) (Brazil), Alpek (Mexico), and Artland (Japan) in South America is projected to drive the growth of the purified terephthalic acid market in this region.

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Aroma Ingredients Market: Key Revenue Pockets & Industry Outlook

Rising demand for personal care products across the globe is expected to drive the growth of the aroma ingredients market, worldwide

The aroma ingredients market is expected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The market has been segmented based on type, application, and region. Based on type, the synthetic ingredients segment of the market is projected to grow at the highest CAGR, in terms of value between 2018 and 2023. The growth of the synthetic ingredients segment of the aroma ingredients market can be attributed to its low cost, high performance, and easy availability.

Aroma ingredients are defined as organic compounds with a defined chemical structure which are isolated from microbial fermentation, plant or animal sources, or produced by organic synthesis. The increasing demand for personal care products, coupled with changes in lifestyles and consumer preferences is fueling the growth of the aroma ingredients market. However, the requirement of significant investments in R&D and stringent governmental regulations are hampering market growth. 

Based on application, the toiletries segment of the aroma ingredients market is projected to grow at the highest CAGR in terms of value between 2018 and 2023. Due to the increasing purchasing power of the middle-class population, there is a rise in the demand for soaps, shampoos, conditioners, and hygiene products in emerging countries, which in turn, is fueling the growth of the aroma ingredients market in the toiletries application.

The APAC aroma ingredients market is projected to grow at the highest CAGR in terms of value, between 2018 and 2023. Increasing disposable incomes of middle-class populations in emerging economies of the APAC region, coupled with the flourishing personal care industry, make the region an attractive market for aroma ingredients. Growing demand for personal care and hygiene products in the region are also leading to high consumption of aroma ingredients in this region.

The key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

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Plastic straps Market: What are the major growth strategies prevalent in the industry?

Plastic straps are flat and flexible materials, which are used for packaging and bundling things together. Plastic straps are made from several types of polymers such as polyester, polypropylene, nylon, composite, and others. This report estimates the size of the plastic straps market based on type, end-use industry, and region. The plastic straps market is projected to grow from USD 1.55 billion in 2018 to USD 3.68 billion by 2023, at a CAGR of 18.8% between 2018 and 2023. The growth of the plastic straps market can be attributed to the increasing demand for plastic straps from the automotive, building & construction, and beverage industries. This increased demand for plastic straps from different end-use industries is due to various properties offered by these straps that include excellent tensile strength, improved flexibility, and ease of recyclability, among others. However, the fluctuating prices of raw materials used for manufacturing these straps are expected to restrain the growth of the plastic straps market across the globe.

The Asia Pacific region led the plastic straps market in 2017, in terms of value. It was followed by the European and North American regions. The growth of the Asia Pacific plastic straps market can be attributed to the increased demand for plastic straps from China. The economic growth of China is boosting the growth of the steel and construction industries in the country, thereby leading to high consumption of plastic straps in these industries. The Asia Pacific plastic straps market is projected to grow at the highest CAGR, in terms of value from 2018 to 2023. The support of governments of different countries of the Asia Pacific region, flourishing manufacturing industry in the region, and rising investments for the production of plastic straps in emerging economies such as China, India, and South Korea are contributing to the growth of the Asia Pacific plastic straps market. The plastic straps markets in the European and North American regions are relatively mature.

Among types, the polyester straps segment of the plastic straps market is projected to grow at the highest CAGR, in terms of value during the forecast period. The polypropylene straps segment is projected to lead the plastic straps market from 2018 to 2023, in terms of value. Polyester straps have excellent dimensional stability, high tensile strength, low moisture absorption, good chemical resistance, excellent electrical properties, superior ultraviolet resistance, and good gas barrier properties as polyester is a high-performance thermoplastic manufactured from dimethyl terephthalate and ethylene glycol. These straps are used for heavy, shrinking, and/or settling loads that require materials, which can handle high tension and possess great elongation and recovery properties.

Based on end-use industry, the paper segment is projected to lead the plastic straps market from 2018 to 2023, in terms of value. The cotton segment of the market is projected to grow at the highest CAGR, in terms of value during the forecast period. Several manufacturers of plastic straps that include Crown Holdings and FROMM Packaging are establishing new production plants and innovative technologies in line with the increasing demand for plastic straps from various end-use industries such as automotive, paper, fiber, and cotton.

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TRIACETIN MARKET - NEW REVENUE POCKETS

The triacetin market is projected to reach USD 309.9 million by 2022, at a CAGR of 4.8% between 2017 and 2022. A key factor contributing to the growth of the triacetin market is the increased demand for triacetin from the tobacco, food & beverage, pharmaceutical, and cosmetic industries.

In terms of value, the tobacco grade segment of the triacetin market is projected to grow at the highest CAGR during the forecast period. According to a study by The Tobacco Atlas, 5.8 trillion cigarettes were smoked globally in 2014. The tobacco grade triacetin is used as a plasticizer in cigarette filters rods. The growing consumption of cigarettes around the globe is driving the growth of the tobacco grade segment.

Among end-use industries, the tobacco segment is projected to lead the triacetin market during the forecast period, in terms of value. According to a study, the market size of the tobacco industry is around USD 800 billion. The tobacco industry is an important contributor to the economies of many countries. The growth of the tobacco industry across the globe has boosted the consumption of triacetin. According to British American Tobacco, there are an estimated one billion adult smokers worldwide. Triacetin is used in many applications as a plasticizer, including in cellulose acetate filters or cigarette filter rods. Chewing gum is another application which majorly uses triacetin as a plasticizer. Based on product type, the plasticizer segment is projected to lead the triacetin market during the forecast period, in terms of value.

In terms of value, the Asia Pacific triacetin market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific triacetin market can be attributed to the region’s growing economies, such as China, India, Japan, Australia, and South Korea, and increasing disposable income. Increasing demand from end-use industries has also fueled the growth of the triacetin market in Asia Pacific.

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PET PREFORMS MARKET – INDUSTRY INSIGHTS & GLOBAL FORECAST TO 2022

The global PET preforms market was valued at USD 17.14 billion in 2016 and is projected to reach USD 23.35 billion by 2022, at a CAGR of 5.31% from 2017 to 2022. PET preforms are unfinished PET bottles with varied neck sizes. PET preforms differ in size, color, and weight.

The growing demand for PET preforms from the manufacturing industry in Asia Pacific, especially in emerging economies, is contributing towards the growth of the global PET preforms market.

Based on type segment, the Type 2 (Alaska/Bericap/Crown Obrist/Others) PET preform segment of the global PET preform market is projected to register the highest CAGR during the forecast period. This PET preform type is used for packaging of water. The growth of this segment is driven by the shifting trend in drinking habits of the people to consume more hygienic and clean drinking water.

Based on application segment, the carbonated soft drinks segment of the global PET preforms market is projected to grow at the highest CAGR during the forecast period. Consumers are looking for a packaging material which is both affordable and easy-to-handle. Since PET is an answer to both these requirements, PET preforms are preferred for the packaging of carbonated soft drinks. This factor acts as a key growth driver for the PET preforms market for the carbonated soft drinks application segment.

In 2016, Asia Pacific accounted for the largest share of the global PET preforms market, followed by Europe. However, the PET preforms market in Middle East & Africa is projected to grow at the highest CAGR during the forecast period. The high demand for PET preforms in Asia Pacific is attributed to the demand for beverages from countries, such as China and India. This factor is driving the growth of the PET preforms in this region as both these countries have the world’s largest consumer base in terms of population.

Market players have adopted both organic and inorganic growth strategies, such as regional expansions, mergers & acquisitions, and new product developments, to expand their businesses worldwide. Increasing consumer awareness regarding health and hygiene and rising demand for clean drinking water has changed the drinking habits of the consumers. This has shifted their focus towards packaged beverages, and hence the demand for PET preforms used in the packaging of non-carbonated drinks such as bottled water, juices, energy drinks, and drinking milk products is expected to grow rapidly. 

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MASTERBATCH MARKET - KEY REVENUE POCKETS

Replacement of metals with plastics for the automotive application and widely preferred coloring method are factors that are expected to drive the growth of the global masterbatch market

The global masterbatch market was valued at USD 10.45 billion in 2017, and is projected to reach USD 13.41 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. This market has been segmented on the basis of type, polymer, application, and region.

Based on type, the color segment of the global masterbatch market is expected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the increasing applicability of color in packaging, building & construction, consumer goods, automotive, agriculture, and textile among others. In addition, technological advancements in the color masterbatch market have enabled the development of a wide range of colors and improved the efficiency of end-use products.

Based on polymer, the LDPE & LLDPE segment of the global masterbatch market is expected to grow at the highest CAGR during the forecast period. These types of polymers offer superior physical properties such as impact resistance, tensile strength and also help in reducing processing cycle time. These are used for various applications, such as, packaging consumer goods, automotive, agriculture, and others.

Based on application, the packaging segment is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the rising demand in retail, industry, and institutions. The increase in handling and transport of goods due to globalization, liberalization, changing consumer lifestyles, and economic development has led to the increase in demand for better protection and handling of goods.

The Asia-Pacific region is projected to be the fastest-growing masterbatch market. The growth of the masterbatch market in the Asia-Pacific region is primarily attributed to the increasing demand for masterbatch in the packaging application.

Some of the key players operating in the global masterbatch market are Clariant AG (Switzerland), A. Schulman Inc. (U.S.), PolyOne Corporation (U.S.), Ampacet Corporation (U.S.), Penn Color, Inc. (U.S.), Plastiblends India Ltd. (India), Tosaf Group (Israel), Hubron (International) Ltd. (U.K.), Cabot Corporation (U.S.), and Plastika Kritis S.A. (Greece), among others. Most companies have adopted new product developments, expansions, mergers & acquisitions, agreements, and partnerships as key strategies to enhance their shares in the global masterbatch market.

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PAINTS & COATINGS MARKET - GLOBAL FORECAST TO 2022

The paints & coatings market is projected to grow from USD 160.54 billion in 2017 to USD 209.36 billion by 2022, at a CAGR of 5.45% from 2017 to 2022. The market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. The growth of the Asia-Pacific paints & coatings market can be attributed to the increasing demand for paints & coatings from the region’s emerging economies, such as India, China, South Korea, Vietnam, and Indonesia, among others.

India has emerged as one of the key markets for paints & coatings in the Asia-Pacific region because of its growing population, economic growth, increasing industrialization, manufacturing activities, and infrastructure development. The rising demand from end-use industries, such as construction, automotive, general industrial, wood, protective, marine, aerospace, and coil coatings has assisted the growth of the country’s paints & coatings market. The construction industry in China is rapidly growing owing to the rising demand from housing activities, new construction and renovation, government and private investment in residential and non-residential projects, and growing consumer spending power.

The demand for paints & coatings from various end-use industries such as construction, automotive, marine, aerospace, wood, general industrial, rail, coil coatings, transportation, and packaging coatings has been increasing in the Asia-Pacific region over the past few years. This trend is expected to continue till 2022. The Asia-Pacific paints & coatings market is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region is a rapidly expanding paints & coatings market, owing to the growing economy and increasing middle-class population. The increasing number of residential and commercial buildings due to rising population and urbanization mainly in China and India are expected to drive the market during the forecast period.

By resin type, the acrylic segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. Polyurethanes are preferred over other resins as they offer excellent appearance, high flexibility, hardness, good appearance, tough surface, exceptional weatherability, and excellent electrostatic application characteristics in products that require very high quality standards. The epoxy segment is projected to grow at the second-highest CAGR during the forecast period. Epoxy resins offer good adhesion, high chemical resistance, and excellent physical properties which provide excellent protection against severe corrosive environments.

By technology, the powder coating segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to low VOC emission, superior performance and cost efficiency for applications that require maximum abrasion resistance and hardness.

Among applications, the industrial coatings segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. Increasing demand for paints and coatings from automotive, marine, and aerospace industries is projected to drive the global paints & coatings market during the forecast period.

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Industry Outlook & Future Forecasts to 2022: Mining Lubricants Market

Lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of machines. They are formulated using various base oils including mineral oil, synthetic oil, and bio-based oil. Lubricants are used in various industries such as automotive, manufacturing, construction, and mining among others. Mining lubricants are used to protect the equipment from wear and tear by reducing friction, also to reduce heat and electrical resistivity.  The global mining lubricants market was valued at USD 1.95 billion in 2016, and is projected to reach USD 2.56 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The growth of the mining industry, increase in the demand for coal in electricity generating applications, and the growing demand for base metals such as copper, nickel, lead, zinc, and others are fueling the mining lubricants market.

Among types, mineral oil is the fastest-growing segment of the mining lubricants market during the forecast period. Relatively low price of mineral oil lubricants is expected to drive this segment during the forecast period. Asia-Pacific is the largest market for mineral oil. The growth of this segment in Asia-Pacific is attributed to the increased consumption of mineral oil in the coal mining industry in emerging countries such as India and China.

Coal mining is projected to be the fastest-growing segment from 2017 to 2022, due to the high consumption of heavy load equipment in the coal mining industry. The coal mining industry accounted for the largest share of 56.3%, in terms of value, of the overall mining lubricants market, in 2016. The market for mining lubricants in the coal mining industry is driven by the improved high-performance lubricants, which offer high viscosity index, better corrosion prevention, and high resistance to oxidation. 

Asia-Pacific led the mining lubricants market, in 2016, having accounted for the largest share (by value) and is projected to grow at the highest CAGR during the forecast period. The increasing coal mining activities in China and India are primarily responsible for the high consumption of mining lubricants.

The objectives of this study are:

• To analyze and forecast the size of the global mining lubricants markets, in terms of value and  volume
• To define, segment, and estimate the global mining lubricants market by type, end-use industry, and region
• To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the mining lubricants market for stakeholders and details of the competitive landscape for market leaders
• To project the size of market segments, in terms of value and volume, with respect to five main regions namely, Asia-Pacific, North America, Europe, Middle East & Africa and South America
• To strategically profile the key players and comprehensively analyze their market share and core competencies
• To track and analyze competitive developments such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations, product approvals, and other developments in the mining lubricants market

The years considered for the study are:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2022
• Forecast Period – 2017 to 2022

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Color Concentrates Market – Industry outlook & Global Forecast to 2021

The color concentrates market was valued at USD 4.24 billion in 2016 and is projected to reach USD 5.80 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of the color concentrates market is mainly attributed to the growing demand for color concentrates in packaging applications to increase the aesthetic appeal of packaging. Moreover, increasing use of plastics in various industries, such as building & construction, textiles, packaging, and automotive, among others is also driving the growth of the color concentrates market.

Color concentrates are used for coloring plastic materials. Increasing regulations related to use of plastics and their recycling influence the growth of the color concentrates market. Moreover, the regulations related to the use of food grade color concentrates in medical, cosmetics, pharmaceutical, and food & beverages packaging also impact the growth of the color concentrates market.

Among forms, the liquid segment of the color concentrates market is projected to grow at the highest CAGR during the forecast period. The growth of the liquid form segment of the market is due to various properties offered by liquid color concentrates, which include ease of color development, reduced energy consumption in their manufacturing, low material costs, enhanced color dispersion, accuracy in metering, and high color consistency.

Among end-use industries, the packaging segment of the color concentrates market is projected to grow at the highest CAGR from 2016 to 2021. The growth of the packaging end-use industry segment of the market can be attributed to the increasing use of plastics in packaging applications as they offer high strength, increased flexibility, excellent impermeability, lightness, and high stability. Moreover, a high degree of aesthetic appeal of products not only helps in product differentiation but also influences the preferences of customers. Thus, the increasing use of a variety of color concentrates for enhancing the attractiveness of packaging has led to the growth of the packaging end-use industry segment of the color concentrates market.

The Asia-Pacific color concentrates market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The Asia-Pacific region has a huge potential for the plastics industry and the plastics industry in the region has been witnessing exponential growth over the last 60 years. The consumption of plastics in the region is increasing with innovations in the plastic industry and expansions in its manufacturing base. China and India are major emerging markets for color concentrates in the Asia-Pacific region, owing to infrastructural developments in these countries. Thus, this region has a high growth potential for color concentrates market.

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OXYGEN-FREE COPPER MARKET - NEW REVENUE POCKETS

The global oxygen-free copper market is anticipated to grow from USD 14.82 billion in 2016 to USD 18.35 billion by 2021, at a CAGR of 4.4% from 2016 to 2021. This growth can be attributed to the increasing demand for oxygen-free copper from applications such as electronics & electrical and transportation.

Based on grade, the oxygen-free copper market has been classified into Cu-OF and Cu-OFE. Cu-OF is the fastest-growing grade segment of the oxygen-free copper market. The growth of the segment can be attributed to the increasing use of Cu-OF in electrical parts to increase performance and electrical conductivity.

Based on product form, the oxygen-free copper market is segmented into wires, strips, bus bars & rods, and others. The strips segment is the fastest-growing segment owing to the increased use of oxygen-free copper strips in the electronic, transportation, and aerospace industries.

Based on end-use industry, the oxygen-free copper market is segmented into electronics & electrical, transportation, and others. The electronics & electrical segment is the fastest-growing segment owing to the increased use of high purity copper in electronic products by the major manufacturers to improve product performance. Apart from this, the growth in the electronics industry due to increasing population and per capita income in emerging economies such as China and India is expected to further drive the oxygen-free copper market.

The oxygen-free copper market in Asia-Pacific is expected to grow at the highest CAGR from 2016 to 2026. The growing demand for oxygen-free copper from both electronics & electrical and transportation industry is expected to drive the oxygen-free copper market due to the extensive usage of high purity copper by these industries in the region.

The objectives of this study are:

• To define, describe, and forecast the oxygen-free copper market based on grade, product form, end-use industry, and region
• To estimate and forecast the oxygen-free copper market size in terms of value and volume
• To provide a market share analysis of the major players in the oxygen-free copper market
• To estimate and forecast the market size of various segment based on grade, product form, and end-use industry in key regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To identify and analyze the key drivers, restraints, and opportunities influencing the oxygen-free copper market
• To analyze region-specific trends in North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
• To strategically identify and profile key market players and analyze their core competencies
• To track and analyze recent developments in the oxygen-free copper market, such as partnerships, agreements, collaborations, mergers & acquisitions, new product developments, and expansions

The key players operational in the global oxygen-free copper market are Citizen Metalloys Limited (India), KGHM Polska Miedź S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (the U.S.), Freeport-McMoRan Inc. (the U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia). These players are focusing on growth strategies such as new product launches, expansions, agreements, and acquisitions to retain a competitive position in the marketplace.

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METAL FINISHING CHEMICALS MARKET – INDUSTRY OUTLOOK & KEY MARKET PLAYERS

New product launches, mergers, joint ventures, acquisitions, expansions, agreements, and collaborations are the key strategies adopted by industry players to achieve growth in the metal finishing chemicals market. Increasing industrial developments, technological advancements, and demand for metals with excellent physical properties such as high thermal stability, greater chemical resistance, and greater design flexibility have led to the high demand for metal finishing from various end-use industries, which in turn is leading to an increasing demand for metal finishing chemicals. Companies are therefore adopting strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Atotech Deutschland GmbH (Germany), Elementis plc (U.K.), Chemetall (Germany), Houghton International Inc. (U.S.), Platform Specialty Products Corporation (U.S.), and The Dow Chemical Company (U.S.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the metal finishing chemicals market between 2012 and 2016. 

Atotech Deutschland GmbH (Germany) is a leading player in the global metal finishing chemicals market. The company, as a major metal finishing chemicals manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2017, the company acquired the plating on plastics technology developed by Pegastech (France), which deals in specialty chemicals. This acquisition helped the company in promoting sustainable surface finishing technologies.

Advanced Chemical Company Inc. (U.S) is one of the largest metal finishing chemical manufacturers in the U.S. and one of the largest producers worldwide. As a part of its business strategy, the company focuses on new product development and research, and on the manufacture of superior quality products by employing the latest state-of-the-art technology and improving the efficiency of its operations. In 2016, the company introduced ContrAul - Gold Stripper II, which is designed to strip gold from base metal substrates and without affecting metals such as nickel, kovar, stainless steel, or steel.

Key companies, such as Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Platform Specialty Products Corporation (U.S.), Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan) are the most active players in the global metal finishing chemicals market.

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ALUMINUM-EXTRUDED PRODUCTS MARKET - NEW REVENUE POCKETS

The market for aluminum-extruded products is segmented on the basis of products type into mill-finished, powder-coated, and anodized. The mill finished products segment is estimated to account for the largest share in the market for aluminum-extruded products in 2016, and this trend is projected to continue through the forecast period. Mill-finished aluminum-extruded products are highly preferred in the construction and automotive industries, because of their light-weight but highly durable properties. Increasing demand of sustainable aluminum-extruded materials in industries such as construction, automotive, and machinery & equipment; growing concern of greenhouse gas emission; and emerging economies around the world are the key drivers for the growth of the aluminum-extruded products market.

The aluminum-extruded products market is segmented on the basis of end-use industry into construction, automotive, mass transport, electrical & electronics, machinery & equipment, and others (energy, telecom, and consumer durables). The automotive segment accounted for the largest share, in terms of value, in 2015; it is also projected to grow at the highest CAGR during the forecast period. The key reasons behind the same are the increasing demand for light-weight cars, growing concern regarding greenhouse gas emissions from vehicles, and increasing trends in the automotive industry around the world.

The scope of the report also incorporates different alloy types that are being used to manufacture aluminum-extruded products. The different alloys that have been discussed in the report are 1000 series aluminum, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, and 7000 series aluminum alloy.

On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa. The Asia-Pacific market is projected to grow at the highest rate between 2016 and 2021. High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to players in the aluminum-extruded products market. India is projected to be the fastest-growing market in this region. In terms of value, the region accounted for a maximum share of the overall aluminum-extruded products market in 2015. Rise in demand in industries such as construction and automotive, government initiatives to propel FDI opportunities, and focus on adopting latest technologies and processes to enhance business operations in a variety of industries in countries such as China, Japan, and India result in Asia-Pacific being the fastest-growing market for aluminum-extruded products.

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OVERVIEW OF THE FACTORS GOVERNING THE GLOBAL POLYETHER ETHER KETONE (PEEK) MARKET

The global Polyether Ether Ketone (PEEK) market is projected to reach USD 664.3 million by 2021, at a CAGR of 6.3% from 2016 to 2021. With its exceptional properties, including stiffness and strength at high temperatures, PEEK proves to be a tough contender to its substitutes or competitors in the high performance polymers family. It has been replacing several other polymers as well as traditional metals in a wide range of applications.

With the revolution in the manufacturing sector for the production of light weight products, the need for high performance polymers with exceptional weight reduction properties, such as PEEK, has increased significantly. This revolution for light weight products is expected to lead to the aerospace and automotive industries emerging as high end users of PEEK over the coming years.

From 2016 to 2021, electrical & electronics is projected to be the fastest growing end user segment in the PEEK market. This segment is expected to continue to lead in the coming years owing to the high demand from the Asia-Pacific region, Europe, and North America. Moreover, the increasing demand for electrical & electronics products from the emerging countries of the Asia-Pacific region is also boosting the growth of the PEEK market.

The Asia-Pacific region is projected to be the fastest-growing PEEK market from 2016 to 2021. The PEEK market is well established in Europe and North America, while in China, India, and other APAC countries, this market is projected to grow significantly from 2016 to 2021. The growth of the Asia-Pacific region is supplemented by the technological developments of the end user industries, growth of the transportation and electronics sectors, coupled with the growing medical/healthcare industry in emerging economies such as Indonesia, India, and China. The key players active in the PEEK market are focusing on the expansions strategy to strengthen their market penetration in the Asia-Pacific market.

On the basis of end users, the PEEK market has been categorized into electrical & electronics, aerospace, automotive, oil & gas, medical, and others. The others segment includes defense, building & construction, and food & beverage industries. The primary types of PEEK available in the marketplace are glass filled, carbon filled, and unfilled. The glass filled segment is projected to be the fastest-growing type segment from 2016 to 2021, owing to the high demand from the electrical & electronics industry.

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TRANSPARENT CONDUCTIVE FILMS MARKET - NEW REVENUE POCKETS

The transparent conductive films market is expected to reach USD 8.46 billion by 2026, at a CAGR of 9.4% from 2016 to 2026. Growth in this market can be attributed to the increasing demand for transparent conductive films for smartphones, tablets, LCDs, notebooks, and wearable devices, among others. Transparent conductive films, owing to their excellent properties such as high conductivity, low resistance, and high transparency are widely used in various electronic components.

Based on application, the transparent conductive films market has been segmented into smartphones, tablets, LCDs, notebooks, wearable devices, and others, which includes desktop PC and monitors.  The LCDs segment is expected to grow at the highest rate during the forecast period. This growth can be attributed to the significant demand for large screen display units from Asia-Pacific and Europe regions, and use of transparent conductive films in smartphones, notebooks, and wearable devices.

The Asia-Pacific transparent conductive films market is expected to grow at the highest CAGR between 2016 and 2026. The transparent conductive films market in the Asia-Pacific region has been studied for China, Japan, and India. The market in the region is witnessing increased consumption of transparent conductive films for use in smartphones, notebooks, and LCDs. A transparent conductive film is used as a thin film in different applications such as smartphones and tablets. Increasing investments in the production of flat panel display units have led to rise in demand for LCDs. In wearable devices, transparent conductive films are used in smartwatches. Shifting of trends and health awareness are the main reasons for rise in use of wearable devices.

Key manufacturers in the transparent conductive films market have their production units mainly in APAC, and sales offices in Europe, South America, and North America. The U.S. is the largest market for transparent conductive films in the North America region. Moreover, the transparent conductive films market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for transparent conductive films for various applications such as smartphones, tablets, and LCDs in this region. Major manufacturers and suppliers of transparent conductive films are expanding their capacities to reduce the turnaround time and enhance efficiency of product development.

Major market players covered in the report are Teijin Ltd (Japan), Toyobo Co., Ltd (Japan), Nitto Denko Corporation (Japan), TDK Corporation (Japan ), Canatu Oy (Finland), Cambrios Technologies Corporation (U.S.), C3Nano (U.S.), Gunze (Japan), Dontech Inc. (U.S.), and Blue Nano Inc. (U.S.).

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Macroeconomic Overview of Polyurethane Foam Market by 2023

The polyurethane foam market is estimated to be USD 54.19 billion in 2018 and is projected to reach USD 79.77 billion by 2023, at a CAGR of 8.0% from 2018 to 2023. Polyurethane foam is a widely used polymer and plastic. It is composed of a chain of organic units joined by urethane links. Polyurethane foam is commonly formed by reacting a di- or polyisocyanate with a polyol and is available in flexible, rigid, and spray forms.

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The growth of the polyurethane foam market is primarily driven by the rising demand for polyurethane foam from the building & construction industry. Polyurethane foam is also used in the bedding & furniture, electronics, automotive, and packaging industries. However, polyurethane foam is expensive due to the fluctuating raw material prices, which act as a major restraint for the market.

BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (US), and Huntsman Corporation (US) are key players operating in the polyurethane foam market. These companies are focused on broadening their product portfolios to compete with other players and expanding their customer base.

BASF is a leading supplier of polyurethane solutions for systems, specialties, and PU basic products. The company has a global network of 39 polyurethane system houses with a comprehensive product and service portfolio. BASF provides immediate local support for technical services as well as sales, production, and marketing support during the development of customized solutions. Over the years, BASF has secured its market position as a leading producer of polyurethane products.

In January 2018, BASF established a new MDI synthesis unit in Geismar, Louisiana. MDI is a basic raw material for polyurethanes. The annual capacity of MDI will increase from 300,000 metric tons to 600,000 metric tons. In November 2017, BASF expanded its manufacturing capacity of Cellasto and ceased thermoplastic polyurethane manufacturing at its Dahej plant in Gujarat. This expansion strategy enabled the company to cater to the automotive market for both, 2 wheeler and 4 wheeler vehicles in India.

Covestro is one of the leading manufacturers of premium polymers. The company is engaged in various business activities that focus mainly on the manufacture of high-tech polymer materials and the development of innovative solutions. It has adopted key growth strategies, such as expansions and new product launches to strengthen its foothold in the polyurethane foam market. In December 2017, Covestro invested approximately USD 220 million to expand its operations at the Tarragona site by 2020. This expansion strategy enabled the company to increase its MDI production capacity from 50,000 metric tons to 220,000 metric tons per year. In June 2016, Covestro introduced a new product, Bayseal CCX closed-cell Spray Polyurethane Foam (SPF) insulation. It is an ideal insulation material for residential and commercial projects.

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Specialty Oilfield Chemicals: Market Leader & New Revenue Pockets

The specialty oilfield chemicals market is expected to grow from USD 11.36 billion in 2018 to USD 13.88 billion by 2023, at a CAGR of 4.1% between 2018 and 2023. Expansions, acquisitions, and new product launches are the key strategies adopted by the major players to strengthen their position in the specialty oilfield chemicals market. The North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2013 and 2017.

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The key players operating in the specialty oilfield chemicals market are BASF (Germany), Ecolab (US), Clariant (US), DowDuPont (US), Solvay (Belgium), Schlumberger (US), AkzoNobel (Netherlands), Halliburton (US), and Baker Hughes (US), among others.

BASF (Germany) is one of the leading manufacturers of specialty oilfield chemicals. The company offers products, which are used for the construction of oil wells and chemicals for the continuous and cost-effective production of oil & gas from these wells. The company has a strong presence in major regions, which helps it to enhance its penetration in the specialty oilfield chemicals market across the globe. In September 2015, the company launched a series of new chemical technologies for the upstream oil & gas industry. The company launched high-temperature performance enzymes, H2S scavengers, corrosion inhibitors, fluid loss additives, and enhanced oil recovery chemicals, which enabled it to establish a strong foothold in the specialty oilfield chemicals market.

Ecolab (US), and Clariant (US) are other major players in the specialty oilfield chemicals market. Nalco Champion, which operates under Ecolab, is a leading provider of high-performance chemicals for the oil & gas industry. Nalco Champion is known to be the fastest-growing specialty oilfield chemicals company in the world. It offers innovative and environmentally acceptable solutions to the oil & gas industry, thereby giving its parent company, Ecolab a strong growth opportunity in the specialty oilfield chemicals market. The company’s strong capability of providing on-site, technological solutions to the upstream and downstream market makes it a top player in the specialty oilfield chemicals market. In November 2016, Ecolab launched five unique chemistries to achieve production sustainability, reduce lease operating expenses, increase operational efficiency, and eliminate CAPEX.

Clariant (US) extensively focuses on the development of chemicals for varied applications in the upstream oil & gas industry. The company undertook several acquisitions and launched numerous new products to strengthen its position in the specialty oilfield chemicals market. The company has manufacturing capabilities spread across the world and operates in Europe, North America, Asia Pacific, and the Middle East & Africa. In September 2016, Clariant acquired Kel-Tech Inc. (US) and X-Chem LLC (US) to aid its oil & mining services, thereby becoming one of the leading oilfield chemicals providers in the North American region. This acquisition helped the company to gain a substantial share in the specialty oilfield chemicals market.

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SODIUM SILICATE MARKET - GLOBAL FORECAST TO 2022

The sodium silicate market size is projected to reach USD 11.03 billion by 2022, at a CAGR of 4.4% between 2017 and 2022. Sodium silicate is a versatile inorganic chemical. It is produced as a white crystalline powder or in the form of lumps that are soluble in water. It is manufactured by melting sand/silicon dioxide (SiO2) and soda ash/sodium carbonate (Na2CO3) at a temperature above 1800 °F in a closed end furnace. Caustic soda/sodium hydroxide is used instead of sodium carbonate for the direct production of liquid sodium silicate. Sodium silicate is a non-toxic, non-flammable, and non-explosive chemical. It is a strong alkaline chemical having high pH ranging from 10 to 13. Its alkaline nature makes it preferable for various applications such as detergents, precipitated silica, construction, pulp & paper, textiles, paints, foundry, and water treatment. The increasing use of sodium silicate in various applications, such as detergents, precipitated silica, and pulp & paper, is expected to drive the market.

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Expansions, acquisitions, and mergers were the key strategies adopted by the major players to achieve growth in the global sodium silicate market between 2015 and 2018. The major players in the sodium silicate market are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).

Nippon Chemical Industrial used expansions as its major strategy to increase its presence in the Southeast Asian market. In August 2017, Nippon Chemical Industrial established a new company JCI in Thailand through a joint venture with local capital. With this expansion, the company aims to expand its business in Southeast Asia, majorly in Thailand.

Tokuyama Corporation used mergers as its major strategy to strengthen its sodium silicate business. In February 2017, Tokuyama Corporation made an absorption-type merger (simplified merger) with its wholly-owned subsidiary Tokuyama Siltech (Japan). The company expects to increase the business of sodium silicate with this merger.

IQE Group used acquisition as its major strategy to increase its sodium silicate production capacity. In November 2015, IQE Group acquired the silicate division of PeroxyChem (US) that includes the silicate production line located at the La Zaida plant and the Zamudio factory in Spain. With this acquisition, the company has increased its production capacity and reduced its competition in Spain.

Asia Pacific is estimated to be the largest market for sodium silicate. China is estimated to be the leading market for sodium silicate in Asia Pacific. India, Japan, and South Korea are the other major countries contributing to the growth of the sodium silicate market in the region. The increasing demand for sodium silicate from applications such as detergents and construction is expected to drive the sodium silicate market in these countries.

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THE SECONDARY REFRIGERANTS MARKET LEADER& NEW REVENUE POCKETS

Secondary refrigerants permit the measures of naturally unsafe essential refrigerants to be limited and contained in a confined territory. Cases of secondary refrigerants incorporate water, air, hydrocarbons, smelling salts and carbon dioxide, which are more earth benevolent than conventional refrigerants, for example, HCFCs. They are more secure (some are even incombustible and non-poisonous) and for the most part reasonable for refrigeration frameworks. Salt waters are frequently picked as secondary refrigerants for expansive refrigeration frameworks, for example, those providing grocery stores, the most widely recognised brackish waters being water-glycol arrangements, water-ethanol arrangements and acetic acid derivation arrangements.

The secondary refrigerants market is estimated to be USD 499.7 million in 2017 and is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. Low impact of secondary refrigerants on the environment and the rising demand for reduction in primary refrigerant charge are the major factors driving the secondary refrigerants market. The rising demand for low global warming potential (GWP) refrigerants, such as hydrofluoroolefin (HFO), carbon dioxide (CO2), ammonia (NH3), and hydrocarbons in refrigeration systems are fueling the growth of the secondary refrigerants market.

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Players in the secondary refrigerants market are mainly concentrating on new product launches, expansions, and distribution agreements to meet the growing demand for secondary refrigerants for various applications. Expansions help companies cater to the need for secondary refrigerants in regions such as Europe and APAC, while new product launches help companies to meet specific demands of its customers.

The growth of the secondary refrigerants market has been largely influenced by expansions and new product launches that have taken place between 2012 and 2017. Companies such as A-Gas International (UK), The Dow Chemical Company (US), and Clariant AG (Switzerland) have adopted strategies of expansions and new product launches to expand their regional presence and enhance their product offerings.

Dow is among the leading manufacturers of secondary refrigerants. The company earns steady revenue through its chemical product range and is expanding its operating segments globally. The company is focusing on providing innovative and advanced solutions to its customers by launching new products. For example, the company introduced two new glycol-based heat transfer fluids, DOWCAL eGEO and DOWCAL pGEO in Europe in November 2015. These products are formulated especially for the geothermal application. This has helped in strengthening the product portfolio of the company. The development of new technology, along with a wide market penetration provides the company a competitive advantage over other players in the market. The company has a large number of registered patents, owing to its extensive R&D efforts. The R&D activities make the company a strong competitor in terms of offering innovative products and solutions to its customers.
Clariant AG is among the leading manufacturers of secondary refrigerants. The company focuses on providing innovative and advanced solutions to its customers by launching new products. For example, Clariant AG launched glycol-based secondary refrigerants in June 2016, namely, Antifrogen and Protectogen ranges of heat transfer products. These heat transfer fluids are used in solar thermal systems and geothermal applications.

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Strategies Major Players are Adopting in Polyurethane Elastomers Market

PU elastomers are the natural or synthetic polymers having elastic properties. These polymers are joined by chemical bonds, acquiring a slightly crosslinked structure. They are widely used in various applications such as footwear, automotive & transportation, industrial machinery, building & construction, and others.

The global PU elastomers market is projected to reach USD 16.63 billion by 2022, registering a CAGR of 5.9% between 2017 and 2022. The increasing demand from the footwear segment, advancements in the TPE processing industry, increasing use in various end-use industries, and increasing purchasing power of consumers are the key factors fueling the demand for PU elastomers around the world. However, fluctuating crude oil price is the key challenges faced by the manufacturers of PU elastomers.

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Key companies profiled in this report are BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China). Rapid technological upgradations in the automotive industry, coupled with improving standards of living of consumers in developing regions, have encouraged the companies to adopt several business strategies to stay competitive in the global market between 2015 and 2018. Leading companies have adopted new product launches, expansions, acquisitions, and agreements as their key growth strategies in the
global PU elastomers market.

BASF (Germany), one of the biggest PU elastomer manufacturers in the world, has adopted new product launches as its key strategy. For instance, in October 2016, the company launched Elastollan grade B50A12CF that is used for manufacturing of ultra-soft synthetic leather. This leather is highly cut resistant and helps manufacturers meet the stringent Volatile Organic Compound (VOC) standards for applications such as car seats and furniture. This has helped the company in expanding its market share in the automotive application.

Huntsman (US) has considered acquisition as one of its key strategies to stay competitive in the global PU elastomers market. For instance, in May 2017, the company acquired IFS Chemicals Limited (England), which is a leading independent polyurethane formulations company in the UK. This acquisition helps the company strengthen its differentiated downstream capabilities. With this acquisition, the MDI-based polyurethane elastomers manufacturing facilities of Huntsman increased to more than 25 worldwide.

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Bioplastics & Biopolymers Market: Top Key Players & Growth Analysis

Bioplastics are biodegradable materials that originate from sustainable sources and can be utilized to diminish the issue of debasing plastic waste that is choking out the planet and polluting the earth.
The global market size of bioplastics & biopolymers was USD 2.66 Billion in 2015 and is projected to reach USD 5.08 Billion by 2021. The market is projected to witness a CAGR of 12.0%, in terms of value, during the forecast period. In this study, 2015 is considered as the base year for estimating the market size of bioplastics & biopolymers. The market size is projected for the period between 2016 and 2021.

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This growth is mainly driven by implementation of strict environment regulations to reduce carbon content and fluctuating fuel prices which is compelling manufacturers to use a stable source of raw material.

Europe is the biggest regional segment for the bioplastics & biopolymers market, in terms of value and volume, and also projected to dominate the market till 2021. Russia and the U.K. are projected to witness high CAGR during the forecast period. This is due to focused interest on sustainable packaging, and increased political awareness in Europe about environmental issues, which resulted in the formulation of laws and regulations that have influenced all industries in Europe. Europe has huge growth potential during the forecast period. This growth is attributed to the developing construction sector in this regions and increasing applicability of bioplastics & biopolymers in packaging, bottles, agriculture, automotive and consumer products industries. 

Bio-PET is the major type used in various applications. It is also projected to dominate the market between 2016 and 2021, in terms of both value and volume. On the other hand, PHA, PLA, and Bio-PE are expected to witness high CAGR, by volume, during the forecast period.

Among the various end users of bioplastics & biopolymers, packaging is projected to account for the largest market share during the forecast period. Bioplastics & biopolymers are widely used in the packaging sector for food packaging, cosmetics packaging, pharmaceuticals packaging, goods packaging. Moreover, bioplastics packaging is cheaper than glass packaging, wood packaging.  The bottling industry is projected to witness the highest CAGR during the forecast period. Many pioneers in the beverage industry are preferring bioplastics packaging to conventional plastics, and marching toward sustainability. Ever growing agriculture industry is also expected to influence the demand of bioplastics & biopolymers between 2016 and 2021.

Major market participants contributed toward the growth of the market by adopting several organic and inorganic growth strategies. New product launches and partnership, agreements & collaborations are the key strategies adopted by companies such as BASF SE (Germany), Braskem S.A. (Brazil), and NatureWorks LLC (U.S.). These strategies helped the companies to enhance their regional reach and increase product portfolio of bioplastics to meet the application specific demands of the end-use industries. Mergers, acquisitions & joint ventures, capacity expansions, and R&D also contributed toward the growth of the market players.

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Automotive composites Market: Market Insights & Global Forecasts to 2022

Automotive composites are lightweight materials that are used to make vehicles fuel efficient and impact resistant. These composites offer better properties as compared to traditional materials such as aluminum and steel. They result in a significant weight reduction of cars, thereby leading to their increased fuel efficiency. The automotive composites are used in both, electric as well as non-electric vehicles for manufacturing their exteriors, interiors, chassis, and powertrains. In terms of value, the automotive composites market is projected to reach USD 13.14 billion by 2022, at a CAGR of 12.26% from 2017 to 2022.

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The key players operating in the automotive composites market are increasingly adopting inorganic and organic growth strategies to strengthen their positions in the automotive composites market. These companies have adopted agreements, expansions & investments, mergers & acquisitions, and new product developments as key growth strategies between January 2013 and August 2017 to enhance their positions in the market.

For instance, SGL Group (Germany), which is one of the world’s leading manufacturers of carbon-based products and materials, is focusing on strategic approaches, namely, expansions, new product developments, and agreements to enhance its position in the automotive composites market. In October 2015, the company launched unidirectional tapes and long-fiber-reinforced thermoplastics based on glass and carbon fibers for several applications in the automotive industry. Moreover, through SGL Automotive Carbon Fibers (Germany), which is a joint venture of SGL Group (Germany) and BMW Group (Germany), the company has tripled the capacity of its carbon fiber plant in Moses Lake, WA (U.S.). This joint venture has enabled BMW Group to use carbon fiber materials in its car models at competitive costs and in large quantities.

The major players operating in the automotive composites market are Toray Industries, Inc. (Japan), SGL Group (Germany), Mitsubishi Chemical Corporation (Japan), Plasan Carbon Composites (U.S.), Solvay S.A. (Belgium), UFP Technologies, Inc. (U.S.), Toho Tenax Co., Ltd. (Japan), Koninklijke Ten Cate B.V. (Netherlands), Continental Structural Plastics Inc. (U.S.), Gurit (Switzerland), and Owens Corning (U.S.), among others. These companies have an established presence in the automotive composites market and are continuously making efforts to improve their business strategies and their product portfolios. The various key parameters such as geographic footprints, inorganic and organic growth strategies, business revenues, and product offerings, among others are taken into consideration by these players to remain competitive in the automotive composites market.

For instance, in March 2017, Mitsubishi Chemical Corporation (Japan) acquired Gemini Composites (U.S.), which specializes in designing, engineering, and prototyping products using forged composite technology. This acquisition is expected to not only help the company in enhancing its product development capabilities for automotive sheet molding compounds (SMC) components but also enable development of innovative products based on the component design-driven approach. In March 2017, the company developed a carbon fiber sheet molding compound for Toyota Motor Corporation (Japan). This compound is used in the rear door frame of the new Toyota Prius PHV car model. The focus of the company on new product developments has further helped it to supply innovative products to its customers and broaden its carbon fiber materials product portfolio.

Solvay S.A. (Belgium), which is a key manufacturer and provider of automotive composites, has adopted the strategies of partnerships and new product developments to enhance its position in the automotive composites market. For instance, in April 2017, the company entered into a partnership with Bentley and Penso Consulting Ltd. (U.K.) for the development of flexible and lightweight architecture for high-volume applications in automotive. This partnership is expected to enable Solvay S.A. to develop composite solutions to meet the requirements of automotive original equipment manufacturers (OEMs).

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Flavors & Fragrances Market – Key Revenue Pockets

Growing population and rapid urbanization in the Asia Pacific and the Middle East & Africa is expected to drive the flavors & fragrances market globally

The flavors & fragrances market is expected to grow from an estimated USD 21.15 billion in 2017 to USD 24.13 billion by 2022, at a CAGR of 2.67% between 2017 and 2022. The growing demand for flavors & fragrances from end-use industries such as food & beverage and consumer goods is expected to drive the flavors & fragrances market. The flavors & fragrances market is also expected to grow due to rising demand for consumer products and changing consumer preferences for convenience food products.

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The market has been segmented on the basis of ingredients, end use, and region. Based on ingredients, the natural ingredients segment is projected to grow at the highest CAGR between 2017 and 2022. This growth of the natural ingredients segment is attributed to the strict regulations related to the use of synthetic flavors & fragrances and growing awareness among populations concerning health and wellness.

Based on end use, the flavors market is segmented into beverage, savory & snacks, bakery, dairy products, and confectionery, among others. Dairy products is estimated to be the fastest-growing end-use segment of the flavors market during the forecast period. Growing awareness among the younger population related to functional ingredients contained in dairy products is driving the demand for dairy products, which in turn is driving the dairy flavors market. Based on end use, the fragrances market is segmented into consumer products and fine fragrances. Fine fragrances are estimated to be the fastest-growing end-use segment of the fragrances market during the forecast period, due to increasing consumer spending on premium fragrances.

Based on region, the Asia Pacific is projected to be the largest market for flavors & fragrances between 2017 and 2022. The increasing demand for a variety of food products and consumer goods, such as home care and personal care products due to rapidly growing populations, increase in disposable incomes, and change in consumer preferences is fueling the growth of the flavors & fragrances market in the region. Most of the key players operating in the flavors & fragrances market have their offices and manufacturing units in the region.

One of the key factors restraining the growth of the flavors & fragrances market is the stringent regulations for flavors & fragrances by different government entities, such as European Food Safety Authority, Flavor & Extracts Manufacturers Association (FEMA), US Food and Drug Administration (FDA), and China Food, Drug Administration (CFDA), and International Fragrance Association (IFRA).

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COSMETIC PIGMENTS MARKET LEADERS RESEARCH INSIGHT AND NEW REVENUE POCKETS

The cosmetic pigments market is projected to grow from USD 550.3 Million in 2017 to USD 790.0 Million by 2022, at a CAGR of 7.5% during the forecast period. This growth can be attributed to the increasing demand for cosmetic pigments in cosmetic and personal care applications, and rising income and improving the lifestyle of people in emerging economies. New product launches and agreements & joint ventures undertaken by the players operating in the market are also fueling the market growth.

Expansions and acquisitions is the key strategy adopted by the players to gain traction in the cosmetic pigments market. The strategy of expansions and acquisitions accounted for a share of 56.4% of the total growth strategies adopted by the market players between 2013 and 2017. Leading market players have also adopted the strategy of new product launches.

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Strategic initiatives between 2013 and 2017 were mostly undertaken in Asia Pacific, North America, and Europe. New product launches was the most adopted strategy in Asia Pacific and Europe; this strategy accounted for a share of 43.6% of all the expansions that took place between 2013 and 2017. Companies such as Sun Chemical (US), Sensient Cosmetic Technologies (France), Sudarshan Chemical (India), Merck Performance Materials (US), and BASF SE (Germany) made several expansions to serve customers efficiently and increase their market shares. These companies adopted both, organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to strengthen their foothold in the cosmetic pigments market.

Sun Chemical is a market leader in providing solutions for coatings, printing inks, pigments, polymers, liquid compounds, solid compound, and application materials. The company focuses on the organic growth strategy by innovating new products in its portfolio, which helps in enhancing the presence of the company in the cosmetic pigments market to gain a competitive advantage over other companies. For example, the company launched a new SunSHINE Mystic Black Pearlescent Pigment at in-cosmetics Latin America in 2016. The new pigment could be used to create bold formulations for lipsticks, mascara, eyeliner, eyeshadow, and nail polishes. This has helped the company to expand its product portfolio.

Sensient Cosmetic Technologies is a leading manufacturer and supplier of high-performance colorants and innovative ingredients for makeup, skin care, hair care, personal hygiene, oral care, and fragrance. The company has been expanding its production capacity and product line up. It is focusing on its organic pigment and surface treated pigment segments. For example, in 2014, the company announced the expansion of its current site in Saint Ouen L’Aumône, France. This expansion has helped the company to increase its production capacity, thus, improving the supply chain and dedicate more resources to its R & D to develop a global center of expertise for cosmetics.

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Ethylene Carbonate Market to Showcase Significant Growth in the Coming Years

The growth of the ethylene carbonate market can be attributed to the increasing demand for ethylene carbonate across various applications, such as lithium batteries electrolytes, lubricants, coatings, and plasticizers. As per research statistic, The ethylene carbonate market is projected to grow from USD 264.8 million in 2017 to USD 355.1 million by 2022, at a CAGR of 6.0% in terms of value from 2017 to 2022. 
 
By end-use industry, the automotive segment of the ethylene carbonate market is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for lithium battery electrolyte in electric vehicles. In addition, initiatives taken by government bodies to encourage electric vehicles is a major factor contributing to the growth of the automotive industry

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Technological advancements in the end-use industries are fueling the demand for ethylene carbonate in North America and Europe. End-use industries, such as automotive and manufacturing are benefited from the development of various applications such as lithium battery electrolyte and lubricants stabilizers in terms of increasing the efficiency of vehicles and equipment used in these industries. 

By region, the ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. Asia Pacific is the leader in terms of consumption of ethylene carbonate. The increasing demand for lithium battery electrolyte, plasticizers, and surface coating-based products from China, South Korea, Taiwan, and Japan is a key driver of the market in the region. The increasing demand for surface coatings and lubricants from oil & gas, industrial, and automotive industries and rising investments in establishing manufacturing facilities of ethylene carbonate are expected to drive the market for ethylene carbonate in this region.

Volatility in raw material prices is a risk for ethylene carbonate manufacturers as it is expected to bring down the profit margins. The ethylene carbonate market is also affected by the high transport costs and manufacturing costs.

Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan) are the leading companies operating in the ethylene carbonate market. These companies are expected to account for significant shares of the ethylene carbonate market in the coming years.

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Good Business Opportunities Predicted for the Global Antifouling paints & coatings Market in the Coming Years

The growth of organisms on the surface of ships and boats affect the performance and durability of these vessels. Antifouling paints & coatings contain a biocide or toxin in their structure, which prevents the growth of organisms on the surface of ships and boats, and help maintain a clean and smooth hull. This further helps in maintaining the operational efficiency of the vessels. Application of antifouling paints & coatings reduces the maintenance cost and greenhouse gas emissions due to low fuel consumption.

The global antifouling paints & coatings market was valued at USD 5.61 billion in 2015 and is projected to reach USD 9.22 billion by 2021, at a CAGR of 8.6% from 2016 to 2021. This growth can be attributed to the increasing demand of antifouling paints & coatings in the Asia-Pacific region. Increasing usage in shipping vessels, drilling rigs & production platforms, fishing boats, yachts & other boats, mooring lines, and inland waterways transport has further fueled the growth of the market in Asia-Pacific.

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Key players operational in the global antifouling paints & coatings market, such as Hempel A/S (Denmark), AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), and Chugoku Marine Paints, Ltd. (Japan) launched various new products to cater to the diverse needs of customers and expand their presence in the market. These players are now focusing on developing products that will help in reducing fuel consumption.

Asia-Pacific accounted for the largest share of the antifouling paints & coatings market in 2015. China, Japan, India, and Korea are the major markets for antifouling paints & coatings in Asia-Pacific. The rise in shipbuilding and ship maintenance activities are expected to boost the growth of the antifouling paints & coatings market in the region.

Shipping vessels was the largest segment of the global antifouling paints & coatings market in 2015, in terms of volume and value. The growth of the market is majorly driven by this segment, as a majority of shipping fleet is coated with antifouling paints & coatings.

Increasing usage of antifouling paints & coatings for protecting vessels from growth of fouling organisms, along with the extension of dry dock intervals is propelling the growth of the global antifouling paints and coatings market.

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Significant Growth Predicted for Automotive NVH Materials Market in the Coming Years

The global automotive NVH materials market is projected to reach USD 13.52 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Automotive NVH materials are used in the automotive industry owing to their noise and vibration isolation properties. These materials lower the NVH levels and help in increasing the overall safety and comfort of the vehicle. The market for automotive NVH materials is expected to grow at a healthy rate owing to the stringent government regulations for safer and quieter cars.

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There is a growing demand for safer and quieter vehicles from buyers. And this demand is fulfilled by the automotive NVH materials. These materials find extensive application in the automotive industry as they provide optimum ride quality and safety in vehicles. As the automotive industry is expected to grow at a healthy rate, the market for automotive NVH materials is also expected to grow.

Asia-Pacific is the fastest growing region in the automotive NVH materials market. Sumitomo Riko Company Limited (Japan) and Mitsui Chemicals (Japan) are the major producers and distributors of automotive NVH materials in this region. China leads the global automotive NVH materials market. This has led to a rise in international companies setting up their manufacturing plants and sales offices in the country, which, in turn, positively impact the growth of the automotive NVH materials in the region.

The automotive NVH materials market in India is projected to grow at the highest rate during the forecast period. The growing demand for automotive NVH materials from the automotive sector is driving the market in India. Availability of raw materials, cheap labor, and an increasing domestic consumption are the key factors fueling the growth of the automotive NVH materials market in the country.

Absorption and insulation are the two application segments of the automotive NVH materials market, of which absorption was the largest application segment in 2015. Vibration absorbing materials are produced using various types of automotive NVH materials, such as rubbers, thermoplastic polymers, and engineering resins. Manufacturers combine various rubbers, such as EPDM, NBR, and other rubbers, to dampen and control the vibrations in vehicles.

Based on vehicle type, the passenger vehicles segment is expected to lead the automotive NVH materials market by 2021. Growth in per capita income and rise in the standard of living in emerging economies are some of the factors propelling the growth of the automotive industry’s passenger vehicles segment. Passenger vehicles are known for their optimum safety and ride comfort, which is why automotive NVH materials find extensive application in passenger vehicles.

The automotive NVH materials market has considerable players competing for significant market shares. These companies are actively adopting various strategies, such as new product development, acquisitions, and joint ventures, to increase their market shares. Major manufacturers, including the Dow Chemical Company (U.S.) and Sumitomo Riko Company Limited (Japan), have adopted various organic and inorganic growth strategies to expand their business.

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