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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