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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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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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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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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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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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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 overview
Global Polyols Market 2020 is expected to get evaluated colossally at a modest CAGR during the review period of 2021-2030.
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Market highlights
Increasing energy saving efforts are driving the market for rigid foams with high insulation properties particularly in the building and construction industries. Over the prediction timeframe, this is projected to emerge as a major force shaping the global economy.
Due to rapid industrialization and urbanisation in developed countries and numerous infrastructural growth projects around the world, the increasing building & construction industry is expected to drive high demand for polyurethanes for insulation use. Consequently, the demand for polyols is projected to have a favourable effect over the forecast period. In addition, during the forecast era, the automotive industry is also expected to show an increase in demand for the development of polyurethane insulation applications. In addition, increasing demand for consumer electronics is also expected to contribute to the market growth for insulation and coating applications during the forecast period due to rising purchasing power. In addition, main producers have been exploring bio-based polyols in order to minimise dependency on traditional petrochemical polyols, considering increasing environmental issues and raw material price fluctuations. Polyol manufacturers are now involved in forward integration to manufacture polyurethane, thus greatly lowering transportation costs and long-term procurement issues. Consumers are becoming more aware of the commodity advantages that by incorporating into the manufacturing stage, have enabled suppliers to sustain high-quality prices.
The demand for synthetic polyols, however is expected to face significant challenges during the forecast period with the increasing prevalence of bio-based polyols.
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Market Segmentation
The global polyols market is segmented by product form, use, sector of end use and area.
The worldwide demand for polyols is segmented into polyether polyols, polyester polyols, and others on the basis of product form.
Based on the use, the global market for polyols is categorised into flexible foams, rigid foams, CASE and others.
The global demand for polyols is segmented into building, automobiles, furniture, consumer electronics, clothing, and others on the basis of the end-user industry.
Regional Overview
The worldwide demand for polyols is split into five regions: Asia-Pacific, North America, Europe, Latin America, Middle East and Africa.
During the projected era, Asia Pacific is anticipated to be the largest and fastest growing market for polyols. Due to the rising economies of countries such as China and India, growing demand for polyurethane from various end-use industries such as the building & construction, automotive, electronics, and furnishing industries is projected to drive the growth of the global polyols market during the forecast period.
During the forecast period, North America and Europe are predicted to exhibit substantial demand for polyols. A major contributor to the growth of these markets is the high adoption of insulation technology to increase the energy efficiency of the building. In addition, during the projected period, the automobile and electronics sectors are both expected to boost business growth.
Due to the rising construction industry, the Middle East & Africa is projected to exhibit increasing demand for polyols during the forecast period due to ongoing infrastructural projects to prosper the tourism industry.
The Latin American market is estimated to show modest growth during the forecast period, mainly due to the rising construction industry. This can be due to the presence, along with development in the building and manufacturing industries, of different automotive OEMs. The region's automotive manufacturers are becoming increasingly competitive and are adopting polyurethane materials to reduce production costs.
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Competitive Dashboard
The major players operating in the global polyols market are Covestro AG (Germany), Stepan Company (U.S.), Royal Dutch Shell PLC (Netherlands), DowDuPont, Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), China National Bluestar (Group) Co, Ltd. (China), BASF SE (Germany), Vertellus Holdings LLC (U.K), INVISTA B.V. (U.S.), Expanded Polymer Systems Pvt. Ltd. (India), N Shashikant & Co. (India), POLYOLS & POLYMERS PVT.LTD. (India), and Coim Group (Italy).
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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 fluoropolymer films market is likely to expand at a significant CAGR during the forecast period (2021-2030) owing to the growing electrical and electronics industry globally, asserts market Research Future (MRFR). Fluoropolymer films are made of complex base materials offering weather resistance, high chemical resistance, optical properties, low coefficient of friction, dielectric properties, and others. Such properties make it suitable for several end-use industries like aerospace, construction, pharmaceutical, electrical & electronics, automotive, and renewable energy.
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Drivers and Growth Factors Impacting the Market
Fluoropolymer is extensively used in fuel tubes for vehicles, wires, and cables, mold release for microphones, semiconductor tube parts, roofing material, solar cells, photovoltaic module, cap liner, and others. With the rapidly increasing electrical and electronic industry worldwide, the global market for fluoropolymer is likely to expand during the forecast period. Increasing demand for personal devices like smartphones, television, smartwatches, wearable devices, and home appliances is predicted to foster the market growth over the assessment period. Moreover, growing investment in commercial and residential construction activities in the developing economies along with improving living standard of the consumers is propelling the market growth over the years.
On the flip side, industry participants have innovated high-cost technologies which comprise complex manufacturing process. Owing to high cost of raw material, the market is expected to lag behind during the forecast period.
Global Fluoropolymer Films Market: Segmental Analysis
The fluoropolymer films market has been segmented on the basis of application, type, and region.
By mode of type, the global fluoropolymer films market has been segmented into ethylene tetrafluoroethylene (ETFE), polychlorotrifluoroethylene (PCTFE), perfluoroalkoxy alkane (PFA), fluorinated ethylene propylene (FEP), polyvinylidene difluoride (PVDF), polytetrafluoroethylene (PTFE), and others. Among these, the PTFE segment holds the highest share in the market and is predicted to maintain its dominance during the assessment period due to their application in electrical and electronics, chemical processing, and other end-user industries.
By mode of application, the market has been segmented into renewable energy, pharmaceuticals, automobile, aerospace, electrical & electronics, packaging & specialty films, construction, and others. Among these, the construction segment holds a significant share and is anticipated to maintain its dominance over the forecast period. Fluorine-based organic polymer films are extensively used in construction applications like anti-graffiti coverings, water-repellent architectural fabrics, protection against extreme corrosion, cracking, fading, and others. The product is high in demand due to its characteristics such as weatherability, flame retardancy, thermal stability, etc.
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Regional Insights
Asia Pacific region accounts for the largest share and is anticipated to showcase a significant growth rate during the assessment period. With the increasing industries in the developing countries like Thailand, India, and China along with growing demand for smartphones, home appliances, and laptops, the market is likely to propel in this region. Moreover, increasing production of automobiles in China is fostering the product demand.
North America is a prominent region owing to the surging demand for miniaturized electronics like wireless speakers, smartphones, and others. Moreover, the reviving automotive industry along with growing production of lightweight and fuel-efficient vehicles are likely to propel the market growth.
Europe is predicted to showcase a significant growth rate owing to the surging demand from end-use industries such as electrical & electronics, construction industry, aerospace, automotive, and others.
Industry News
A nanostructured gate dielectric is the most significant obstacle to expanding the use of organic semiconductors for thin-film transistors. Composed of a fluoropolymer layer followed by a nanolaminate made from two metal oxide materials, the structure serves as gate dielectric and protects the organic semiconductor which was previously vulnerable to damage from the ambient environment, even underwater.
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Competitive Analysis
The major players operating the global market are Polyfon Technology Ltd. (U.K.), Textiles Coated International (U.S.), 3M (U.S.), DUNMORE Corporation (U.S.), DowDuPont (U.S.), Honeywell International Inc (U.S.), Chemours Company (U.S.), Evonik Industries (Germany), Saint-Gobain S.A. (France), J.V. Corporation (India), Guarniflon S.p.A. (Italy), Daikin Industries Ltd. (Japan), CHUKOH CHEMICALS INDUSTRIES LTD. (Japan), ASAHI GLASS CO. LTD. (Japan), NITTO DENKO CORPORATION (Japan), and others.
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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:
Ceramic inks have penetrated across major end-user industries as it provides high definition and detailed looks to natural substances such as wood, concrete, etc. As per the study offered by Market Research Future (MRFR), the global ceramic inks market is assessed to exhibit a moderate CAGR for the forecast period 2021 to 2030. The ink provides features such as glossy finish, high durability, UV resistance, scratch resistance, etc. which is anticipated to lead the growth pattern of the market over the next couple of years.
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Increasing investments in infrastructural projects, in conjunction with rising disposable income, is expected to unleash opportunities of growth for the players of the ceramic inks market in the foreseeable future. Similarly, the growth of the automotive industry is also projected to boost the expansion of the market across the projection period. The packaging industry is also expected to create demand for ceramic ink in the years to come.
Market Segmentation:
Depending on the printing technology, the global ceramic inks market has been bifurcated into digital printing technology and analog printing technology.
The segments of the global ceramic inks market, based on application, are ceramic tiles, automotive glasses, architectural glasses, cosmetics containers, food & beverages containers, and others.
The end-user industry segments of the global ceramic inks market include automotive, packaging industry, building & construction, and others.
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Regional Analysis:
The global ceramic inks market has been segmented into the primary regional segments for an exhaustive geographical study. These segments are Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific held the maximum market share in 2017 and is poised to exhibit the highest CAGR over the review period. Thus, the regional segment is anticipated to retain its prominence at the pole position over the next couple of years. The expansion of the end-user industries such as automotive, packaging, and construction is projected to lead the expansion of the ceramic inks market in the region over the next few years.
North America was assessed to have secured the second spot in the global ceramic inks market in 2017. Rising investments being observed in the revamp of the construction industry in the region is anticipated to drive market growth in the years to come. Also, the revenue growth of the packaging industry is poised to play a significant role in the development of the ceramic inks market in the region.
Europe is an important growth pocket and is projected to benefit from the rising demand across end-user industry verticals such as automotive, packaging, construction, etc. The Middle East & Africa is poised to exhibit rapid growth owing to the increasing investments in infrastructural projects. The Latin America ceramic inks market is expected to grow substantially owing to the presence of a burgeoning construction industry in the region.
Competitive Dashboard:
The share analysis of the global ceramic inks market included in this report studies some of the key players, such as Ferro Corporation (US), Torrecid Group (Spain), Zschimmer & Schwarz (Germany), FRITTA (Spain), Sicer S.p.A (Italy), Colorbbia Italia S.p.A. (Italy), Esmalglass - Itaca Grupo (Spain), Kao Chimigraf (Spain), Sun Chemical (U.S.), and Tecglass (Spain).
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The market players are investing on research & development for increasing applications across different production processes. Growth trajectories strategized by these players include regional expansion, increasing production levels, mergers & acquisitions, collaborations, partnerships, etc. Rising investments in the ceramic inks market is likely to create opportunities for new entrants. Thus, the competitive landscape of the market is expected to remain highly lucrative ovr the next couple of years.
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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 Overview
Market reports associated with chemical and materials has been presented by Market Research Future, which states that the global spunbond nonwoven market has recorded a higher CAGR for its growth in the forecast period. The market held a high valuation in the past years and is now projected to increase in the coming years.
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In general, the spunbond nonwoven is produced with the process of extruding a thermoplastic fiber polymer into fine filaments fiber. Such filaments are collected on a conveyor belt in the form of web, which is then bonded to make spunbond nonwoven fabric. The spunbond nonwoven fabrics are known for their excellent burst strengths, porosity, stability to heat and chemicals, tear resistance, and tensile strength. These factors have eventually boosted the global spunbond nonwoven market over the forecast period.
Market Drivers & Trends
The global spunbond nonwoven market is chiefly driven by factors such as rising preference over other fabrics that are low cost and has wide accessibility of binder materials and machines. In recent time, the use of spun bonding is ideal than chemical bonding due to the quality of medium weight nonwovens production. These are permeable, soft, and absorbent in nature, which creates a spell-bounding demand all across the world.
On the other hand, the unique structure of spunbond nonwoven helps the skin to stay dry is expected to drive the global spunbond nonwoven market in medical and hygiene sector. Spunbond nonwoven, having such immense properties, therefore offers exceptional breathability, resistance to fluid penetration, lint-free structure, bacterial impermeability, and is sterilizable, which are broadly useful for manufacturing personal care and hygienic products.
Furthermore, factors such as mounting demand for spunbond nonwoven from various end-use industries such as automotive, construction, agriculture, and others are anticipated to stimulate the global spunbond nonwoven market growth over the assessment period. The significant advantage of using spun bonding technology is that it requires less space as well as is energy-efficient.
The critical developments observed in the market are mainly mergers, expansion, acquisitions, and others. The study gathers the information that in 2017, Mitsui Chemicals announced to produce polypropylene-based spun-bonded nonwoven fabrics at its secondary MHM Company in Thailand from 2018. Moreover, Avgol, one of the leading manufacturers of nonwoven provide solutions for hygiene markets and publicized to start new USD 60 million manufacturing roofs in Dimona, Israel enabling Avgol to offer customers with the most advanced innovations in baby diaper products, adult incontinence, and feminine hygiene. However, on the flip side, factors such as the changing raw material cost and high production cost of finished products such as baby diapers are possible to defy the market growth.
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Market Segmentation
The global spunbond nonwoven market is segmented by the function, method, polymer type, application, and region.
In terms of the function, the global spunbond nonwoven market is bifurcated into disposable and non-disposable.
The global spunbond nonwoven market is segmented by the heating method used into conduction, convection, and radiation.
In terms of the polymer type, the market is segmented into polypropylene, polyester, nylon, polyethylene, polyurethane, and rayons.
In terms of the application, the global spunbond nonwoven market is segmented as medical & personal care, automotive, agriculture, geotextiles, industrial, packaging, and others.
Regional Outlook
The global spunbond nonwoven market is covered across crucial regions, namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific was the foremost region in the global spunbond nonwoven market due to the factor of high demand from major end-use industries such as personal care products, automotive, agriculture, and construction mainly in countries such as Japan, India, China, and others.
North America was positioned at the second largest region in the global spunbond nonwoven market due to the high demand from the healthcare, automotive, personal care, and hygiene industries.
The European market is anticipated to cultivate based on the high product demand from the manufacturing of various automotive parts and the booming healthcare sector in the region. Latin America is also projected to witness a significant growth owing to the emerging automotive and personal care industries in the region.
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Key Players
Some of the key manufacturers effective in the global spunbond nonwoven market are named as PEGAS NONWOVENS Czech s.r.o. (Luxembourg), DuPont (U.S.), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), Schouw & Co. (Denmark), TORAY INDUSTRIES, INC. (U.S.), Mogul Co., Ltd. (Turkey), KURARAY CO., LTD. (Japan), Kolon Industries, Inc. (South Korea), Berry Global Inc. (U.S.), Radici Partecipazioni SpA (Italy), KCWW (U.S.), Avgol Ltd. (Israel), Fitesa S.A. (Brazil), and Sunshine Nonwoven Fabric 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 Scope
MRFR (Market Research Future) confirms that the toluene market was worth USD 26.84 million in 2018. MRFR also expects the market size to soar at a rate of more than 5.8% during the evaluation period (2021 to 2030).
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Market Drivers and Restraints
The strong demand for toluene is the result of its extensive usage in gasoline blends. It acts as an octane booster while maintaining the energy level of the gasoline. Additionally, its low sensitivity properties along with significant octane ratings make it perfect for use as a fuel in complex and heavily loaded engines. Toluene that is the form of benzene-toluene-xylene mixtures is used extensive to blend petrol and is a major by-product of styrene manufacture. Surging consumption of aromatics in the petrochemical sector for developing elastomers, nail paints, synthetic fibers, dyes, and agrochemicals could render the market quite lucrative in the following years.
The toluene market presents several opportunities to the manufacturers, given the surge in disposable incomes and the significant economic growth. Toluene diisocynate (TDI) manufacturing should be the second-leading derivative market, in view of its extensive use in the manufacturing of polyurethanes, which has led to higher applications of toluene in forming toluene diisocyante (TDI). Expanding end-user sectors like cosmetics, explosives, and agrochemicals, particularly in Latin America and Asia Pacific can be another huge opportunity for the global companies. Rising investments in emerging countries will also favor the business growth in the years ahead.
Companies are increasingly focus on technical integration during the value chain, intensifying the competition in the market. Escalating use of the latest technologies like drones, Internet of Things (IOT), robotics, blockchain, artificial intelligence, and cloud computing is transforming several aspects of toluene manufacturing, for the better. These technologies are being adopted by the companies to foster the safety level, boost reliability and efficiency and also facilitate accurate monitoring throughout the supply chain.
Segmental Analysis
The toluene market can be considered for product type, application, and end-use industry.
The product types are gasoline additives, toluene diisocyanate (TDI), benzene and xylene, tri-nitrotoluene (TNT), solvents, and others. Benzene and xylene form the leading segment since these are extensively used as petrol blenders for better quality. The second in the lead is the solvents segment, due to their significant usage in coatings and paints.
The top applications of toluene include foams, paints & coatings, cleaning agents, fuel additives, polymer production, heating oils, and more.
End-use industries covered are building & construction, packing, oil & gas, healthcare, automotive, and others.
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Regional Outlook
The toluene industry will note varying levels of growth rates across a few regions, which are APAC or Asia Pacific, North America, the Middle East & Africa, Latin America, as well as Europe.
The highest gainer has been Asia Pacific, accounting for the biggest share in the global market in 2018. It is presumed that the region will remain the market leader throughout the analysis period, thanks to the rapid growth of the oil & gas sector. Lenient regulations with regard to the use of toluene has favored the regional market as well. Developing countries like China, South Korea, and India, are identified as the most profitable markets in Asia Pacific, considering the surging demand from the infrastructural and industrial sector. Besides, rising manufacturing of paints and coatings in China, which is giving way to set up of new production plants in the country. AkzoNobel recently started with the operations of the world's biggest powder coatings unit in Changzhou, China.
North America is the second biggest market for toluene, largely due to the strong presence of several oil & gas manufacturers in the region. escalating construction activities combined with the thriving automotive sector in the region has raised the need for polyurethane foams as well as paints and coatings, with the former using toluene as a key solvent. As a result, the regional market can expect to expand rapidly in the following years.
Affluent Firms
China National Petroleum Corporation (China), BP p.l.c. (UK), China Petroleum & Chemical Corporation (China), Exxon Mobil Corporation (US), Indian Oil Corporation Ltd (India), Covestro AG (Germany), TOTAL S.A. (France), Royal Dutch Shell plc (The Netherlands), Formosa Chemicals & Fiber Corporation (Taiwan), CPC Corporation (Taiwan), GS Caltex Corporation (South Korea), DuPont de Nemours, Inc (US), BASF SE (Germany), SK innovation co. Ltd (South Korea), are the well-known manufacturers in the global market for toluene.
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The companies are primarily focused on carrying out strategical moves such as new launches, business expansion, acquisition, and agreements to bolster their footprints across the globe.
To illustrate, in February 2021, Lanxess is all set to buy Emerald Kalama Chemical for a total sum of USD 1.1 billion. Emerald Kalama is a world-renowned developer of benzoic acid, using toluene oxidation at its Washington plant and a production unit in Rotterdam, the Netherlands.
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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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Technical ceramics are manufactured with biochemical, thermal, mechanical, and electrical properties keeping in mind the various applications. They are also known as industrial or engineering ceramics. Applications with requirements for corrosion and wear resistance and a long shelf-life prefer technical ceramics. The global technical ceramics market report by Market Research Future (MRFR) comprises market intelligence, product analysis, and applications for the period of 2021 to 2028 (forecast period). The impact of COVID-19 and its analysis are a part of the report.
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Market Scope
The global technical ceramics market is driven by its above average properties than regular ceramics. Properties of low thermal expansion, high stiffness, and nonlinear resistance can drive the market demand significantly. The vast growth witnessed in electrical & electronics, automotive, and pharmaceuticals industries can fuel the market growth over the forecast period. This is further aided by the huge demand for consumer electronic devices in China and India.
The high performance of ceramic matrix composites in comparison to nickel super alloys in the aerospace sector is evidence of the large potential for the global technical ceramics market. The move by manufacturers in cutting down raw material costs and entering the entire production chain can bode well for the market.
But high production costs can pose a challenge to the market growth.
Segmentation
The global technical ceramics market is segmented by product type, material, and end-user.
On the basis of product type, the market is segregated into ceramic coatings, monolithic ceramics, ceramic matrix composites, and others. Ceramic matrix composites (CMC) are expected to lead in the market owing to its application in automotive and electronics industries. Developments in CMCs and its intended use in turbine blades as well as its ability to handle temperatures close to 260 degrees.
By material, it is segmented into oxide and non-oxide.
End users of the market are military & defense, electronics & semiconductor, energy & power, automotive, pharmaceuticals, and others.
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Regional Analysis
The global technical ceramics market covers five major regions, namely Asia Pacific (APAC), Europe, Latin America, North America, and the Middle East & Africa (MEA).
Among the regions, APAC held a major market share in 2016. It is expected to be the fastest growing region due to the increasing population and the rise in per capita disposable income levels in developing nations. In addition, the increasing demand for technical ceramics in automobile and electronic industries in countries of Japan, China, and India are propelling the market growth. Manufacturing costs and supportive government policies can foster market growth in the region. In addition, the increasing defense expenditure coupled with increasing applications of technical ceramics in modern armor can spur the global technical ceramics market growth.
North America is expected to exhibit an expanding CAGR over the forecast period. Presence of three big automotive companies of Fiat Chrysler, General Motors, and Ford can augment the overall demand for technical ceramics in the automobile industry. Furthermore, developed end user industries such as electrical, electronics, and pharmaceuticals and the increasing adoption rate of engineering ceramics are other factors fueling the growth of the market. The U.S. and Canada are major countries attributing to the growth of the market.
Europe is a lucrative market and is mainly driven by the need for lightweight materials. Stringent regulations pertaining to the use of toxic chemicals and effects of mining on the environment can induce the need for technical ceramics.
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Competitive Outlook
Rauschert Steinbach GmbH, Morgan Advanced Materials, 3M Company, Kyocera Corporation, Saint-Gobain Ceramic Materials, McDanel Advanced Ceramic Technologies, Superior Technical Ceramics, CeramTec GmbH, Dyson Technical Ceramics Limited, NGK Spark Plug Co., Ltd., and others are key players of the global technical ceramics market.
Richardson RFPD, an American electronic component distributor, has signed an agreement with AVX RF Solutions. The agreement includes the production of capacitors, inductors, fillers, antennas, and couplers.
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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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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 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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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
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United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com