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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Electroactive Polymers Market: Outlook, Opportunities & Future Trends

Electroactive polymers are polymers that display a change in size or shape when stimulated by an electric field. The most common applications of this type of material are in actuators and sensors. A typical characteristic property of an Electroactive polymers is that they will undergo a large amount of distortion while sustaining large forces.

Electroactive polymers (EAPs) are a type of flexible, elastic polymer (elastomer) that change size or shape when stimulated by an electric field. In other words, apply a voltage and they bend, contract or expand.

Generally speaking, EAPs are categorized by their mode of activation: electronic or ionic. Electronic EAPs include electrostrictive elastomers and dielectric electroactive polymers (DEAPs), while an example of an ionic EAP is the ionic polymer metal composite (IPMC). One of the most common applications for EAPs is in the field of robotics in the development of artificial muscles; thus, an electroactive polymer is also known as an artificial muscle.

As per the research analysis the electroactive polymers market is estimated at USD 3.51 billion in 2017 and is projected to reach USD 5.12 billion by 2022, at a CAGR of 7.9% between 2017 and 2022. Mergers & acquisitions and new product launches are the key strategies adopted by the major players to strengthen their footholds in the electroactive polymers market. The Asia Pacific region, followed by the North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.

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EAPs are polymers that possess electrical properties similar to metals along with the mechanical properties of polymers. Polymer doping helps enhance these properties and makes EAPs more preferable to metals or other polymers. EAPs find applications in various end-use industries because of their unique properties. Contrary to conventional materials (metals), EAP products are lighter in weight, durable, and have better conductive properties. Moreover, these polymers can develop a strain of more than 100% and have high actuation pressure per unit mass, which provide maximum (100%) change in shape. Among types, the inherently conductive polymers segment is projected to grow at the highest CAGR between 2017 and 2022. Inherently conductive polymers are undergoing extensive R&D activities, as these are also expected to have potential applications in the field of robotics, energy harvesting, coatings, medicals, and smart fabrics. Inherently conductive polymers exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.

The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.

The Asia Pacific electroactive polymers market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific electroactive polymers market can be attributed to the rising demand from Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications, coupled with economic growth in the region. The European electroactive polymers market is expected to witness moderate growth during the forecast period. This moderate growth can be attributed to growth in Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications as compared to other regions. The slowing down of the economies of the European region has further led to the gradual shift of the manufacturing industry to the emerging economies of the Asia Pacific, such as China and Japan.

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Metal Powder Market : Research Insights & Revenue Pockets.

The metal powder market in the Asia-Pacific region is projected to grow at the highest CAGR from 2015 to 2020, in terms of both volume and value. The rising middle-class population of the Asia-Pacific region, high disposable incomes, and the demand from emerging end-use segments are driving the growth of the metal powder market.

According to the Population Reference Bureau, China, India, and other Asia-Pacific countries have a combined population exceeding four billion people (as in 2014). This rise in population is an important driver for the metal powder market. The increase in income among the middle-class population in emerging markets such as China and India is also a key factor which is expected to drive the demand for metal powder. Along with the increase in income, the purchasing power would also increase, which would drive the demand for the new, innovative, and sustainable products.

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Industrialization has accelerated urbanization in China through the migration of rural populations to urban areas and the development of towns into cities. As a result of steady economic growth, there has been a continued increase in disposable incomes which has contributed to the growth of the metal powder market demand in China. Moreover, the country’s large population and its increasing demand for innovative and sustainable products have compelled the metal powder industry to innovate and manufacture value-added products to cater to varied end-use industries. This has, in turn, provided a wide range of opportunities to players in the metal powder market.

Metal Powder (Source: Google Images)

The rest of the Asia-Pacific region witnessed strong growth trends in 2012, despite the weak export demand due to the EU crisis. The GDP growth of these countries has been supported by domestic demand, with rising disposable income and rapid growth in investments due to the continued trade liberalization initiatives amongst ASEAN members and through a growing network of free trade agreements with other Asia-Pacific countries. The opening of new markets for metal powder products due to globalization has led to the increase in the demand for metal powder. Factors such as increasing demand, increasing income, urbanization, trade liberalization, sustainable production processes, and value-added products have been driving the demand for metal powder in this region.

The main Drivers for metal powder market:

• Growing Demand From End-User Industry
• Technological Advancements in Metal Powder Industry

The market for metal powder is driven by the growing demand from end-user industries such as transportation & logistics, industrial, construction, and electrical & electronics, and technological advancements. High disposable income has also increased the demand for metal powder. Most importantly, the changing consumer preference has triggered the usage of value-added products in day-to-day life.

Opportunities

• Growing Demand for Metal Powder in Additive Manufacturing
• Powder Metallurgy Being Recognized as Green Technology
• Demand for Metal Powder in Emerging Economies

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The Barrier Films Market: Research Insights & Key Growth Factors.

The barrier films market is projected to reach USD 28.58 billion by 2022, at a CAGR of 5.0% from 2017 to 2022. This growth can be attributed to the increasing demand for barrier films in various end-use industries, such as food & beverage packaging, pharmaceutical packaging, and agriculture. Additionally, the increasing use of barrier films in flexible electronics is a key factor projected to drive the growth of the barrier films market. These films form a suitable replacement for glass in solar panels, owing to their properties, such as barrier against moisture and excellent weather ability.

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The barrier films market has been segmented on the basis of material, end-use industry, and region. Based on end-use industry, the agriculture segment of the barrier films market is projected to grow at the highest CAGR between 2017 and 2022 both, in terms of value and volume. This growth can be attributed to the increasing use of barrier films for the purpose of fumigation. Fumigation is intended to control soil-borne pathogens, such as fungi, nematodes, bacteria, and weeds. In the agricultural sector, barrier films are used as a fumigant vapor barrier as well as a moisture barrier to help improve the quality of crops. Barrier films are also used for the purpose of sheeting, as they help sterilize the soil and prevent the growth of pests, bacteria, and fungi.     

Based on material, the inorganic oxide coatings segment of the barrier films market is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth can be attributed to the superior properties of inorganic oxide coatings such as lightweight, improved flexibility, and excellent barrier against oxygen. These characteristics make inorganic oxide coatings a preferred material for the development of barrier films.

Asia Pacific led the barrier films market in 2016, owing to the presence of key manufacturers of barrier films in this region. The barrier films market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth is mainly driven by the increasing applicability of barrier films in various end-use industries, such as food & beverage packaging and pharmaceutical packaging. The agriculture end-use industry segment in the Asia Pacific region is expected to witness significant growth in the near future, owing to the high demand for silage films and mulch films. Increase in the number of retail chains in Asia Pacific countries and rise in agricultural exports are additional factors contributing to the growth of the agriculture end-use industry segment in this region. 

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