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Overview:
Polyglycerols can be described as a formation of glycerol ethers where glycerol molecules get condensed. These are soluble in alcohol, water, and glycerol and are generally produced by getting several types of glycerol mixed. The procedure requires the input of a alkaline metal-based catalyst like sodium or potassium hydroxide. Polyglycerols find remarkable application in diverse markets like antifogging agents, solubilizers, thickeners, inert ingredients, additives, and spreading agents.
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Market Research Future (MRFR) in a recently published report on the same revealed that the application of polyglycerols in industries like food & beverage to improve texture, color, flavor, and shelf life is becoming wide-scale, which can impact the global growth rate of the polyglycerols. It can be used in margarine, salad dressings, chocolate, peanut butter, frozen desserts, and others. Growing population, across the world, has also triggered a substantial growth in several regions. Countries like India, Brazil, Indonesia are playing notable roles in triggering further growth in the coming years. Economic growth in these regions are also coming in front as major tailwinds. In addition, climate control projects have triggered measures in various sectors that are easing the inclusion process of polyglycerol. But the volatile raw material price can emerge as a major restraining factor. However, this can be curbed by significant initiatives taken by major market players in pervading industries.
Regional Analysis:
The Asia-Pacific region has the potential to take the Polyglycerol Market to a great height. It had the largest market share in 2018 and it was spurred by a high demand from several industries like personal care & cosmetics, food & beverage, and pharmaceuticals. The regional market is to gain from emerging economies, better disposable income, improving living standards, and others. The percolation of major global cosmetics brand can significantly improve the market scenario in the coming years. The setup it has can easily make the market the fastest growing one as well.
The markets in Europe and North America are expected to gain significant growth factors that can take these markets forward. Major industries like food & beverage, pharmaceutical, personal care, and automotive industry are playing crucial roles in diversifying better market strategies. Stringent regulations regarding carbon emissions from automotive are also expected to significantly change the market growth pattern.
In Latin America, industrialization and urbanization are finding a significant growth, which can also ensure better growth opportunities,
Segmentation:
The global market for polyglycerol market penetration can be segmented by product type and end-use industry. This segmentation has been done by expert analysts of MRFR who have introduced several tested methods to fetch in various figures to substantiate the market growth in the coming years.
By product type, the global market for polyglycerol comprises PG 2, PG 3, PG 4, PG 6, and PG 10. These segments are getting enough traction for their specific use and that is providing thrust to the market as a whole.
By end-use industry, the global market for polyglycerol can be segmented into food & beverage, pharmaceuticals, personal care & cosmetics, plastics, automotive, oil & gas, and others.
Competitive Landscape:
Prominent players are taking part in the polyglycerol market quite actively. This can be witnessed in their implementation of strategic moves that can be taken into consideration to analyze their individual growth and the growth of the market on a holistic scale. These players are Procter & Gamble (US), Solvay (Belgium), Unilever (England), Dow (US), Lonza (Switzerland), Godrej Industries Limited (India), THE HERSHEY COMPANY (US), Stepan Company (US), Cargill, Incorporated (US), The Good Scents Company (US), Sakamoto Yakuhin Kogyo Co., Ltd. (Japan), and Spiga Nord S.p.A. (Italy).
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Transportation sector can make a great impact on the polyglycerol industry. This is due to its ability to curb carbon emission. On the other hand, carbon frame bikes are using polyglycerol, which can widen the segmental percolation for the polyglycerol industry.
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Phase change material Market Synopsis
According to the MRFR analysis, the global phase change material market size was valued at USD 13,397.69 thousand in 2020 and is projected to reach USD 49,021.39 thousand by 2028 at a CAGR of 17.90%.
Phase change materials (PCMs) are substances that absorb or release substantial amounts of 'latent' heat when their physical state changes, for as from solid to liquid or liquid to solid. PCMs facilitate the capacity to balance demand between energy requirements and usage by providing a variety of thermal management solutions. PCMs are widely utilised in the medical field for transporting blood, vaccinations, and temperature-sensitive medications, operating tables, hot-cold therapy, birth asphyxia treatment, and drug delivery.
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The increasing demand for PCMs in drug delivery and medicinal and vaccines transport is a key driver of the global market. PCM-based smart medication delivery systems have a lot of potential, according to researchers and the biotech industry. Phase change materials are renewable, reusable, and engine and fuel independent, making them perfect for vaccination transportation.
Segmentation
By Type
By Equipment
By Temperature range
By End-user
By Region
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Competitive Landscape
The global Phase change material market segmentation is highly fragmented and consists of many organized and unorganized industry players. The key players in the global phase change materials market are focusing on growth strategies such as innovation in products and developing technologies on a global level to gain a maximum share of the global market. Acquisition is the most common growth strategy adopted by most of the participants. Key players include Croda International Plc (UK), Sasol (South Africa), Henkel AG & Co. KGaA (Germany), Cryopak (US), Merck KGaA (Germany), Pluss Advanced Technologies Pvt. Ltd (India), PureTemp (US), Teappcm (US), Rubitherm (Germany), Cold Chain Technologies (US), and PCM Products Ltd (UK).
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Scope
Market Research Future (MRFR) studied the global unmanned composites market 2021 for the review tenure till 2030. As per MRFR study, the global unmanned composites market is expected to register 16.21% CAGR over the analysis period. By 2030, the global unmanned composites market is expected to earn USD 3,140 Mn.
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Market Drivers and Restrains
The growing utility of composite materials to boost the durability and reliability of unmanned systems can underpin the expansion of the market. The upscaling demand for lightweight unmanned systems by high end-users is expected to boost the momentum of the global unmanned composites market in the near future. The increase in commercial and military applications of unmanned systems can also drive the market in the near future. High performance efficacy of unmanned systems on using composite materials is contributing to the increase in investment made by manufacturers in unmanned composites to earn high revenue in the years to come. On the contrary, problems with recyclability of composite materials and lack of standardization in the production of composite materials are causes that can impede the unmanned composites market in the years to come. In addition, increase in repairing and manufacturing expenses of composite materials can also hinder the rise of the unmanned composite market.
Segmentation Analysis of Unmanned Composites Market
The segment study of the unmanned composites market is based on platform, type, and application.
The type-based segments of the unmanned composites market are Glass Fiber Reinforced Polymer (GFRP), Carbon Fiber Reinforced Polymer (CFRP), Aramid Fiber Reinforced Polymer (AFRP), and Boron Fiber Reinforced Polymer (BFRP). The Carbon Fiber Reinforced Polymer (CFRP) segment is expected to favor the unmanned composites market over the review period. The Glass Fiber Reinforced Polymer (GFRP) segment is likely to register a notable CAGR over the review tenure due to the surge in demand for GFRP for manufacturing navy, aircraft, and other military vehicle structures. The Aramid Fiber Reinforced Polymer (AFRP) segment is likely to grow at high pace owing to advantages, such as; toughness and flexibility, offered by AFRP.
The application-based segments of the unmanned composites market are exterior and interior. The interior segment is expected to dominate the unmanned composites market by 2030. The surge in the utility of lightweight unmanned systems can drive the interior segment in the years to come. In the case of exterior unmanned composites that offer benefits, such as; reduced maintenance cost, better durability, lightweight, and reliability can drive the exterior segment of the unmanned composite market at the highest in the analysis period.
The platform-based segments of the unmanned composite market are Unmanned Aerial Vehicle (UAV), Unmanned Surface Vehicle (USV), Unmanned Ground Vehicle (UGV), Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), Passenger Drone, and Autonomous Ship.
Regional Study of Unmanned Composites Market
In North America, the unmanned composites market report scope is expected to earn decent revenue by 2030. The presence of numerous prominent companies in the region, such as; Teledyne Technologies Incorporated and Hexcel Corporation, are responsible for earning high revenue through pushing the business of unmanned composite products.
In Europe, the surge in investment made in autonomous ships and urban air mobility solutions by companies based in Europe can favor the unmanned composites market in the near future.
In Asia Pacific, the market of unmanned composites is likely to earn substantial revenue at the highest CAGR in the analysis period due to increase in military expenditure for different countries, namely; India and China.
In Middle East Asia and Africa, the presence of several reputed airlines, such as; Etihad Airways and the Emirates Group can benefit the unmanned composites market growth over the analysis tenure.
The rapid expansion of the unmanned composites market in the Rest of the World can be attributed to the growing demand for unmanned systems in countries, such as; Brazil and South Africa by the commercial sector can promote the expansion of the market in the years to come. In addition, the surge in demand for unmanned composites by these regions can favor the market upsurge.
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Key Players
Materion Corporation (US), Hexcel Corporation (US), Stratasys Ltd. (US), Toray Industries, Inc. (Japan), Teledyne Technologies Incorporated. (US), Solvay (Belgium), Gurit (Switzerland), Unitech Composites Inc. (US), Owens-Corning (US), Owens-Corning (US), Lavoisier Composites (France), Mitsubishi Rayon Co. Ltd. (Japan), Carbon by Design (US), Renegade Materials Corporation (US), Teijin Limited (Japan), and Quantum Composites Inc. (US) are some reputed companies in the unmanned composites market that are listed by MRFR.
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The global corrosion inhibitors market has been growing continuously over the past few years. Extensive usages of corrosion inhibitors in industries such as power, mining, oil & gas, petrochemicals, paper mills, and environmental protection is a key driving force behind the growth of the market. As a result, corrosion inhibitors garner considerable market prominence and demand throughout the year.
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According to Market Research Future (MRFR), the global corrosion inhibitors market had generated a valuation of USD 7,619.9 MN, in 2021, which would further get appreciated at a CAGR of 4.2% during the review period (2022 – 2030). Also, the increasing demand from the marine & shipbuilding industry alongside, the energy, transport, automotive, and other industries, drives the growth of the market, substantially.
Also, the growing water treatment industry predominantly drives the market demand due to the water scarcity and stringent regulations against wastewater disposal in the industrial sector. Furthermore, the increased use of hydraulic fracturing in the O&G industry has led to increasing the growth of the market, raising the demand for water treatment chemicals.
On the other hand, the adoption of thermoplastics in flow pipelines due to their superior benefits is expected to inhibit the market growth, reducing the demand for corrosion inhibitors. Nevertheless, growing preferences for green corrosion inhibitors led by the stringent regulations against the use of inorganic inhibitors would create lucrative opportunities for the players operating in the global corrosion inhibitors market.
Global Corrosion Inhibitors Market – Segmentation
The report is segmented into four market dynamics to widen the scope of understanding,
By Product : Organic Corrosion Inhibitor and Inorganic Corrosion Inhibitor
By Application : Water-based and Oil/Solvent-based Corrosion Inhibitor
By End-use Industry : Power Generation, Oil & Gas, Chemical Processing, and Metal Processing, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Corrosion Inhibitors Market – Regional Analysis
The Asia Pacific accounts for the largest region in the global corrosion inhibitors market due to the demand in various applications such as power generation and metal processing industry. The region is witnessing an increasing demand for these materials, especially in India, China, Taiwan, and South Korea. In 2018, the APAC corrosion inhibitors market had accounted for 41.2% of the market share, valuing at USD 3,142.1 MN. The region would grow at a 5.3% CAGR during the review period.
The oil and gas industry in the region is driving the regional market growth, majorly led by the increasing investments in O&G production & extraction activities to meet the rising demand for petroleum products, fuel, and energy. Additionally, the growth in chemical processing industries led by the increased demand for water treatment chemicals would provide impetus to the growth of the regional market.
North America is another lucrative market for corrosion inhibitors. The region is a substantially large production capacity of these materials. The region is expected to register around 3% CAGR during the review period. The US is the largest market in the region, generating about 80.6% of the total revenue in the market. This is attributed to the significant rise in shale gas extraction using hydraulic fracturing technology resulting in an increased need for water.
The corrosion inhibitors market in the European region is a briskly growing market. The growth is attributed to the increasing regulations against wastewater discharge leading to the adoption of reverse osmosis (RO) membranes & other processes to enable plants to reuse and recycle water. Due to rising demand for these materials in various applications such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others, the region is projected to register around 2.7% CAGR during the review period (2022–2030).
Global Corrosion Inhibitors Market – Competitive Analysis
Highly competitive, the corrosion inhibitors market share insights appear to be fragmented characterized by the presence of several large and small-scale players. Although well-established players in the market have tremendous geographical proximity, the entry of several new companies poses a fierce competition for them. In such a scenario, these players would incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch to maintain their market position.
Major Players
Players leading the global corrosion inhibitors market include Air Products & Chemicals Inc. (US), Cortec Corporation (US), ICL Advanced Additives (US), Ashland (US), Henkel AG & Co. KGaA, (Germany), Ecolab (US), Solvay (Belgium), Akzo Nobel NV (Netherlands), DowDupont (US), Acuro Organics Limited (India), Chemtex Speciality Limited (India), and Ganesh Benzoplast Limited (India), among others.
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Industry/ Innovation/ Related News
September 08, 2022 ---- CIM Investment Mangement Inc. (the US), announced that it has acquired over 801 shares in WD-40 (the US), a specialty chemicals company. These stocks valued at approximately USD 286,000.
February 27, 2022 ---- Lanxess AG (Germany), a specialty Chemicals Company announced the successful completion of capacity expansion for corrosion inhibitor products. The company has completed a challenging project which would result in a 15% increase in production capacity of its corrosion inhibition additives - Additin RC 4000 series. The addition of capacities is a result of process synergies identified following its acquisition of Chemtura Corporation, in 2017, which expanded its lubricant additives portfolio and global production network. With the increased footprint, Lanxess was able to unlock process synergies between its production sites in Germany & Canada, increasing the output of corrosion inhibitors products to meet market demand and further enhance its global production network.
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Market Overview
Global Reflective Materials Market was valued at about USD 20.84 billion in 2018 and is expected to register a CAGR of approximately 4.7% during the forecast period of 2022–2030.
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Market Dynamics
The increasing need for materials that have high visibility throughout the night for personal safety and ease of working in the building & construction and textile sectors is a major factor driving the growth of the global reflecting materials market. Furthermore, in recent years, there has been an increase in the number of road and industrial accidents, which is mostly due to poor lighting systems and working conditions with limited visibility. This is anticipated to boost demand for reflective materials, which are used in safety measures to reduce such fatalities.
Reflective materials improve solar panel efficiency and help generate more electricity, which is likely to drive up demand for these materials used in solar panel manufacture. Reflective materials in the form of films on warning signboards, informational signboards, and traffic control signboards on highways, roadways, and construction sites have driven their use in traffic and work zones to show directions, diversions, and especially for their reflective properties that help during the night and in dark places. As a result, the market will have more opportunities as the application breadth expands.
Manufacturers' desire for microprismatic technology has been rising as a result of the technology's improved retro-reflective qualities. Furthermore, the increased need for technology with better retro-reflective properties is attributable to the rise in demand for microprismatic technology. As a result, the market for microprismatic technology is expected to increase rapidly throughout the forecast period.
During the assessment period, however, fluctuating raw material prices are projected to stifle market expansion.
Market Segmentation
Material type, product type, end-use industry, and geography are all covered in the global reflective materials market share
The global reflecting materials market has been categorised into microprismatic, glass, and ceramic beads based on material type.
Fabric, sheet, paints & inks, tape & films, coatings, speciality goods, and others are the product types that make up the worldwide reflective materials market.
The global reflecting materials market has been segmented into building & construction, automotive, healthcare, textile, and others, based on end-use industry.
Region Overview
The global reflecting materials market estimates are divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa
In 2018, Asia-Pacific had the greatest market share for reflecting materials, and this trend is likely to continue during the research period. The developing building and construction and textile sectors, which use reflective materials in personal protective equipment, are the main drivers of increased demand for reflective materials in the region. Furthermore, the high population of Asia-Pacific countries and weak traffic management systems have resulted in numerous road accidents, prompting the government to instal more traffic control, guidance, and warning signboards on highways to prevent accidents. As a result, the demand for reflecting materials in the regional market is increasing.
In 2018, North America had the second-largest market for reflecting materials, and it is predicted to rise throughout the study period. The regional market for reflective materials is likely to be driven by the growing popularity of using reflective materials in sportswear for nighttime running and bicycling, as well as the existence of well-established industry leaders in the region. Furthermore, the region's R&D sector is always improving its products in order to provide a better and safer life for its residents
Another important market for reflecting materials is Europe. The strict government restrictions pertaining to the usage of reflective materials for improved traffic management applications such as highways, work zone sites, and roadways are a prominent factor boosting the growth of this regional market. Furthermore, the region is one of the world's main automobile manufacturing regions, fueling demand for refractive materials in passenger and commercial vehicles.
The Middle East and Africa market is predicted to grow strongly during the forecast period, owing to increased construction activity in the region. Because of the region's improving economy and rising automotive sector, the reflective materials market in Latin America is predicted to rise steadily over the forecast period.
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Competitive Dynamics
Some of the key players in the global reflective materials market are 3M (US), Avery Dennison (US), ORAFOL Europe GmbH (Germany), Dominic Optical (China), Changzhou Hua R Sheng Reflective Material Co., Ltd. (China), Coats Group plc (UK), Asian Paints PPG (India), NIPPON CARBIDE INDUSTRIES CO.,INC. (Japan), REFLOMAX (South Korea), Paiho Group (Taiwan), ALANOD GmbH & Co. KG (Germany), Jinsung Corporation (South Korea), Viz Reflectives (UK), and Daoming Optics & Chemical Co., Ltd (China).
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Synopsis
The global antifog additives market was valued at USD 1.7 billion in 2023 and is projected to reach USD 3 billion by 2030 at a CAGR of 7.0%.
Antifog Additives are organic compounds that tend to reduce the surface tension of water and thereby prevent droplets from forming on the plastic surface. Fogging is the phenomenon of condensation of water vapor on the surface of the packaging material in the form of tiny discrete droplets. Antifog Additives help prevent fog formation in plastic films, primarily seen in agricultural and food packaging applications.
Antifog coatings are applied to the surface of the plastic sheet or film. These external coatings work similarly to the internal additives in that they help decrease the surface tension between the water droplets and the material’s surface, resulting in improved transparency. This is one of the major driving factors in the antifog additives market.
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Competitive Landscape
The competitive landscape offers an analysis of the key developments by the companies operating in the market worldwide. Key companies operating in the global ecosystem are highly innovative in terms of product innovation, product positioning, research & development activities, expansion strategies and more.
The Antifog Additives market is driven by the rising development in the food processing and packaging sectors. Due to strategic innovations, such as product launches and enhanced R&D development operations in developing markets, the antifog additives market is strengthening. North America is leading the market, followed by Asia-Pacific and Europe. The main factors driving the antifog additives market are the cost-effective additive manufacturing and enhanced food and packaging sector demand. However, factors such as strict public regulations and plastic-related environmental issues are anticipated to limit the development of the antifog additives market during the forecast period. LyondellBasell Industries Holdings B.V., Croda International PLC, Emery Oleochemicals, Avient, DuPont, PolyOne Corporation, A. Schulman, Inc., Akzo Nobel N.V., Clariant AG, Evonik Industries, Ashland Inc., Corbion N.V.are some of the companies which are leading in Antifog market.
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Segmentation
By Type
By Application
By Region
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Scope
Market Research Future (MRFR) believes that the Metal Casting Market can procure a decent CAGR of 7.8% between 2022 and 2030. Moreover, the market size will reach USD 352.65 Billion by 2030-end.
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Significant Drivers and Key Restraints
Building and construction sector has emerged as one of the top end-users for a variety of casting products. Surging focus on infrastructure upgradations and considerable spending with regard to the same has been favorable for the construction sector worldwide. Government bodies across different nations invest in numerous infrastructure projects such as water supply, transportation, energy networks and telecommunications, which has fostered the demand for metal casting. Metal casting is witnessing robust demand on account of its lightweight characteristics as well as aesthetic appeal, with the highest preference for aluminum casting noted within the construction industry. Finished products are significantly deployed in construction machinery and equipment, curtain walling, heavy vehicles, windows, roofing, and door handles.
The metal casting industry also stands to profit from the accelerated demand for different metals such as aluminum and magnesium in prominent end-use industries like aerospace & defense and consumer goods. Aluminum is increasingly being used in the automotive sector in line with the heightened need for lightweight and fuel-efficient vehicles that help reduce carbon emissions. As a result, the metal casting industry is bound to experience strong growth over the following years.
Segmental Analysis
The metal casting market can be categorized with respect to material type, process, and end-use industry.
In terms of material type, the key segments are Aluminum, cast Iron, Zinc, Magnesium and Stainless Steel. The cast iron segment, with the highest share of more than 60% in 2018, has taken the lead and will project a growth rate of 6.70% between 2022 and 2030.
The processes mentioned in the report include vacuum casting, die casting, sand casting, gravity casting, shell mold casting, and others. Sand casting happens to the most extensively utilized metal casting process since it involves lower cost and facilitates production of a variety of automobile components including impellers, engine blocks, support beams, manifolds, machine tool bases, cylinder heads, valves, and pump housings.
Depending on end-use industry, the major segments can be consumer goods, building & construction, automotive & transportation, equipment & machine, mining, and others. The biggest share in the global market is occupied by the automotive & transportation segment.
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Regional Outlook
Metal casting industry has been geographically categorized as Asia Pacific or APAC, Europe, the Americas, MEA or the Middle East and Africa.
As of 201, the Asia Pacific market is in the lead and the region has continued to maintain its lead ever since. In 201, the APAC market captured the highest share of 58.68% and had touched around a whopping USD 134.35 billion. Not only this, but the regional market should also procure the highest CAGR of 8.33% in the years to come, on account of the rapidly expanding automotive industry across India, Indonesia, China, and Thailand. But the highest gainer in the region has been China since the country is one of the top producers of automobiles in the world. Largest production is witnessed for luxury automobiles and electric vehicles in the country. The growing population coupled with the increasing income levels of the mass will bolster the demand for metal casting across multiple end-use sectors such as construction, automotive, and many more.
Europe is the second market leader, as environmental standards as well as emission targets implemented by regulatory authorities like the European Union (EU) to restrain carbon emissions have led to manufacturing of lightweight vehicles. This factor boosts the need for aluminum cast components among automakers to mark their adherence to these strict guidelines. Also, heightened demand for finished items in France and Germany will also give a substantial push to the metal casting industry in the years ahead.
The US Department of Energy encourages using lightweight casting materials like aluminum and magnesium alloy that help lower down the vehicle’s weight up to 40%. As a result, to cater to the strict fuel efficiency and emission targets laid down by the US Environmental Protection Agency, the automotive industry is increasingly opting for lightweight materials such as Zn, Mg, Al, & others. Moreover, escalating vehicle production, combined with the amplified demand for premium segment automobiles as well as the lack of alternative production processes, will also enhance the market size. OEMs in the region are constantly focused on producing electric as well as hybrid vehicles that extensively use lightweight materials and can contribute majorly to the growth of the metal casting industry in the region.
Top Vendors
Reliance Foundry Co. Ltd (Canada), Georg Fischer Ltd (Switzerland), Dynacast (US), Precision Castparts Corp (US), Endurance Technologies Limited (India), Ryobi Limited (Japan), Alcast Technologies (Canada), Ahresty Wilmington Corporation (US), FORCEBEYOND (US), GIBBS (US), are some of the top vendors in the global market for metal casting.
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Latest News
February 2021
Allison Transmission, after acquiring Walker Die Casting, has now invested substantially in the latter, in order to facilitate infrastructure developments, more capabilities as well as extensive range of solutions with the addition of close to 800,000 ft2 of production space. These capacity expansions will also include seven more machining centers with a 1,600-ton die cast machine, 1,800-ton die cast machine as well as complete turnkey automation.
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Market Scope
Market Research Future (MRFR) believes that the Metal Casting Market can procure a decent CAGR of 7.8% between 2022 and 2030. Moreover, the market size will reach USD 352.65 Billion by 2030-end.
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Significant Drivers and Key Restraints
Building and construction sector has emerged as one of the top end-users for a variety of casting products. Surging focus on infrastructure upgradations and considerable spending with regard to the same has been favorable for the construction sector worldwide. Government bodies across different nations invest in numerous infrastructure projects such as water supply, transportation, energy networks and telecommunications, which has fostered the demand for metal casting. Metal casting is witnessing robust demand on account of its lightweight characteristics as well as aesthetic appeal, with the highest preference for aluminum casting noted within the construction industry. Finished products are significantly deployed in construction machinery and equipment, curtain walling, heavy vehicles, windows, roofing, and door handles.
The metal casting industry also stands to profit from the accelerated demand for different metals such as aluminum and magnesium in prominent end-use industries like aerospace & defense and consumer goods. Aluminum is increasingly being used in the automotive sector in line with the heightened need for lightweight and fuel-efficient vehicles that help reduce carbon emissions. As a result, the metal casting industry is bound to experience strong growth over the following years.
Segmental Analysis
The metal casting market can be categorized with respect to material type, process, and end-use industry.
In terms of material type, the key segments are Aluminum, cast Iron, Zinc, Magnesium and Stainless Steel. The cast iron segment, with the highest share of more than 60% in 2018, has taken the lead and will project a growth rate of 6.70% between 2022 and 2030.
The processes mentioned in the report include vacuum casting, die casting, sand casting, gravity casting, shell mold casting, and others. Sand casting happens to the most extensively utilized metal casting process since it involves lower cost and facilitates production of a variety of automobile components including impellers, engine blocks, support beams, manifolds, machine tool bases, cylinder heads, valves, and pump housings.
Depending on end-use industry, the major segments can be consumer goods, building & construction, automotive & transportation, equipment & machine, mining, and others. The biggest share in the global market is occupied by the automotive & transportation segment.
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Regional Outlook
Metal casting industry has been geographically categorized as Asia Pacific or APAC, Europe, the Americas, MEA or the Middle East and Africa.
As of 201, the Asia Pacific market is in the lead and the region has continued to maintain its lead ever since. In 201, the APAC market captured the highest share of 58.68% and had touched around a whopping USD 134.35 billion. Not only this, but the regional market should also procure the highest CAGR of 8.33% in the years to come, on account of the rapidly expanding automotive industry across India, Indonesia, China, and Thailand. But the highest gainer in the region has been China since the country is one of the top producers of automobiles in the world. Largest production is witnessed for luxury automobiles and electric vehicles in the country. The growing population coupled with the increasing income levels of the mass will bolster the demand for metal casting across multiple end-use sectors such as construction, automotive, and many more.
Europe is the second market leader, as environmental standards as well as emission targets implemented by regulatory authorities like the European Union (EU) to restrain carbon emissions have led to manufacturing of lightweight vehicles. This factor boosts the need for aluminum cast components among automakers to mark their adherence to these strict guidelines. Also, heightened demand for finished items in France and Germany will also give a substantial push to the metal casting industry in the years ahead.
The US Department of Energy encourages using lightweight casting materials like aluminum and magnesium alloy that help lower down the vehicle’s weight up to 40%. As a result, to cater to the strict fuel efficiency and emission targets laid down by the US Environmental Protection Agency, the automotive industry is increasingly opting for lightweight materials such as Zn, Mg, Al, & others. Moreover, escalating vehicle production, combined with the amplified demand for premium segment automobiles as well as the lack of alternative production processes, will also enhance the market size. OEMs in the region are constantly focused on producing electric as well as hybrid vehicles that extensively use lightweight materials and can contribute majorly to the growth of the metal casting industry in the region.
Top Vendors
Reliance Foundry Co. Ltd (Canada), Georg Fischer Ltd (Switzerland), Dynacast (US), Precision Castparts Corp (US), Endurance Technologies Limited (India), Ryobi Limited (Japan), Alcast Technologies (Canada), Ahresty Wilmington Corporation (US), FORCEBEYOND (US), GIBBS (US), are some of the top vendors in the global market for metal casting.
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Latest News
February 2021
Allison Transmission, after acquiring Walker Die Casting, has now invested substantially in the latter, in order to facilitate infrastructure developments, more capabilities as well as extensive range of solutions with the addition of close to 800,000 ft2 of production space. These capacity expansions will also include seven more machining centers with a 1,600-ton die cast machine, 1,800-ton die cast machine as well as complete turnkey automation.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Website: https://www.marketresearchfuture.com
Extruded Polystyrene Market Dominated by Asia Pacific due to Growing Construction Industry
The global extruded polystyrene market is expected to reach a valuation of USD 3.6 billion by the end of the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global extruded polystyrene market is mainly driven by the growing demand from the construction industry, which is growing rapidly in both developing as well as developed countries. The report provides a thorough background data sheet on the global extruded polystyrene market, including the major drivers and restraints affecting the market’s growth, the leading players operating in the global extruded polystyrene market, and the historical growth trajectory of the market. The future growth prospects of the global extruded polystyrene market are analyzed in great detail in the report in order to provide readers with a clear picture of how the market is likely to grow over the forecast period.
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Extruded polystyrene is formed from polystyrene by the process of extrusion, i.e. processing polystyrene to form blocks of uniform width and height. The global extruded polystyrene market is mainly driven by the growing demand from the construction industry, where it is used as an insulation component in a varied range of construction applications. The growing demand for effective insulation materials in construction projects is likely to be the major driver for the global extruded polystyrene market over the forecast period. Insulation materials have become highly important in the construction industry due to the help they provide in terms of lowering the overall energy consumption of the project and protecting the building’s interiors from moisture, heat, and sound. Effective insulation has emerged as a prime factor in creating energy-efficient construction projects, which minimize the costs of energy (i.e. heating or cooling) for the building’s occupants and lower the overall energy bill of the project.
The growing research into expanding the application scope of plastics is likely to be a key driver for the global extruded polystyrene market. Extruded polystyrene is used in various applications in the construction industry as well as other application industries such as electronics production, automobile production, and toys and other household items. These applications are also likely to be crucial for the global extruded polystyrene market over the forecast period.
On the other hand, the adverse environmental effects of the nonbiodegradable extruded polystyrene could present a major barrier for the growth of the global extruded polystyrene market over the forecast period.
Competitive Analysis:
Leading players in the global extruded polystyrene market include BASF SE, Kingspan Group, Emirates Extruded Polystyrene LLC, ACH Foam Technologies Inc., Soprema, URSA Insulation SA, Austrotherm, Ravago SA (Ravatherm), Abriso NV, Owens Corning, and DowDuPont.
In February 2019, Ravago acquired the European Styrofoam operations of DowDuPont, including production as well as post-production activities such as sales and marketing, customer service, and supply chain operations.
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Segmentation:
The global extruded polystyrene market has been segmented on the basis of end-use industry and region.
By end-use industry, the extruded polystyrene market has been divided into residential construction and commercial construction. The commercial construction segment held a majority share of 63% in the global extruded polystyrene market in 2017 and is likely to retain a dominant share in the global market over the forecast period due to the growing demand for commercial construction in emerging economies in Southeast Asia, the Middle East, and Latin America. The growing emphasis on the environmental viability of building structures in these regions is likely to drive the demand from the extruded polystyrene market in the region over the forecast period.
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Regional Analysis:
The global extruded polystyrene market is dominated by Asia Pacific due to the rapid pace of growth of the construction industry in countries such as India, China, Malaysia, Australia, and Japan. Rapid urbanization in the region has driven the demand for extruded polystyrene in the region and is likely to remain a major driver for the market over the forecast period. Growing residential construction in Asia Pacific is also likely to be a major driver for the extruded polystyrene market over the forecast period.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
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The global corrosion inhibitors market has been growing continuously over the past few years. Extensive usages of corrosion inhibitors in industries such as power, mining, oil & gas, petrochemicals, paper mills, and environmental protection is a key driving force behind the growth of the market. As a result, corrosion inhibitors garner considerable market prominence and demand throughout the year.
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According to Market Research Future (MRFR), the global corrosion inhibitors market had generated a valuation of USD 7,619.9 MN, in 2021, which would further get appreciated at a CAGR of 4.2% during the review period (2022 – 2030). Also, the increasing demand from the marine & shipbuilding industry alongside, the energy, transport, automotive, and other industries, drives the growth of the market, substantially.
Also, the growing water treatment industry predominantly drives the market demand due to the water scarcity and stringent regulations against wastewater disposal in the industrial sector. Furthermore, the increased use of hydraulic fracturing in the O&G industry has led to increasing the growth of the market, raising the demand for water treatment chemicals.
On the other hand, the adoption of thermoplastics in flow pipelines due to their superior benefits is expected to inhibit the market growth, reducing the demand for corrosion inhibitors. Nevertheless, growing preferences for green corrosion inhibitors led by the stringent regulations against the use of inorganic inhibitors would create lucrative opportunities for the players operating in the global corrosion inhibitors market.
Global Corrosion Inhibitors Market – Segmentation
The report is segmented into four market dynamics to widen the scope of understanding,
By Product : Organic Corrosion Inhibitor and Inorganic Corrosion Inhibitor
By Application : Water-based and Oil/Solvent-based Corrosion Inhibitor
By End-use Industry : Power Generation, Oil & Gas, Chemical Processing, and Metal Processing, among others.
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By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Corrosion Inhibitors Market – Regional Analysis
The Asia Pacific accounts for the largest region in the global corrosion inhibitors market due to the demand in various applications such as power generation and metal processing industry. The region is witnessing an increasing demand for these materials, especially in India, China, Taiwan, and South Korea. In 2018, the APAC corrosion inhibitors market had accounted for 41.2% of the market share, valuing at USD 3,142.1 MN. The region would grow at a 5.3% CAGR during the review period.
The oil and gas industry in the region is driving the regional market growth, majorly led by the increasing investments in O&G production & extraction activities to meet the rising demand for petroleum products, fuel, and energy. Additionally, the growth in chemical processing industries led by the increased demand for water treatment chemicals would provide impetus to the growth of the regional market.
North America is another lucrative market for corrosion inhibitors. The region is a substantially large production capacity of these materials. The region is expected to register around 3% CAGR during the review period. The US is the largest market in the region, generating about 80.6% of the total revenue in the market. This is attributed to the significant rise in shale gas extraction using hydraulic fracturing technology resulting in an increased need for water.
The corrosion inhibitors market in the European region is a briskly growing market. The growth is attributed to the increasing regulations against wastewater discharge leading to the adoption of reverse osmosis (RO) membranes & other processes to enable plants to reuse and recycle water. Due to rising demand for these materials in various applications such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others, the region is projected to register around 2.7% CAGR during the review period (2022–2030).
Global Corrosion Inhibitors Market – Competitive Analysis
Highly competitive, the corrosion inhibitors market appears to be fragmented characterized by the presence of several large and small-scale players. Although well-established players in the market have tremendous geographical proximity, the entry of several new companies poses a fierce competition for them. In such a scenario, these players would incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch to maintain their market position.
Major Players
Players leading the global corrosion inhibitors market include Air Products & Chemicals Inc. (US), Cortec Corporation (US), ICL Advanced Additives (US), Ashland (US), Henkel AG & Co. KGaA, (Germany), Ecolab (US), Solvay (Belgium), Akzo Nobel NV (Netherlands), DowDupont (US), Acuro Organics Limited (India), Chemtex Speciality Limited (India), and Ganesh Benzoplast Limited (India), among others.
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Industry/ Innovation/ Related News
September 08, 2022 ---- CIM Investment Mangement Inc. (the US), announced that it has acquired over 801 shares in WD-40 (the US), a specialty chemicals company. These stocks valued at approximately USD 286,000.
February 27, 2022 ---- Lanxess AG (Germany), a specialty Chemicals Company announced the successful completion of capacity expansion for corrosion inhibitor products. The company has completed a challenging project which would result in a 15% increase in production capacity of its corrosion inhibition additives - Additin RC 4000 series. The addition of capacities is a result of process synergies identified following its acquisition of Chemtura Corporation, in 2017, which expanded its lubricant additives portfolio and global production network. With the increased footprint, Lanxess was able to unlock process synergies between its production sites in Germany & Canada, increasing the output of corrosion inhibitors products to meet market demand and further enhance its global production network.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com