Titanium Metal Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027

 

Overview:

The global titanium metal market is taking long strides ahead with several sectors boosting its pace. Reasons behind the market getting a probable chance to score 6.17% CAGR value-wise and 5.36% CAGR volume-wise during the forecast period (2018-2023) are its features. Market Research Future (MRFR) made a detailed study of the market to get a hold of the market dynamics. It has corrosion-resistance, durability, and extraordinary strength but lightweight, which opened doors for its percolation into several associated sectors. Its symbol is Ti, and the atomic number is 22. It can be used as an alloy with iron, aluminum, vanadium, molybdenum, and others. Its strength-to-density ratio is the highest among the metallic elements.

The titanium metal market is going to get backups from several factors that would help the progress in the coming years. The automotive sector is one major factor that can impact market growth considerably. The sector is looking for strong but lightweight products to reduce carbon footprint owing to which titanium has substantial traction from the region. It also increases the fuel-efficiency of cars which is why governments are also promoting the use of it. But the titanium metal market can get some difficult challenges in the guise of its high price. This could curb its market to reach considerably and restrain the expected growth. But its prolific use in the electronic sector can steer the titanium market out of any long-time sluggishness.

 

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Segmental Analysis:

To get a comprehensive hold over the titanium metal market, MRFR segmented it by type and application. The analysis further incorporates volume-wise and value-wise data for a holistic view of the market.

By type, the titanium metal market can be segmented into the industrial grade, medical grade, and others. Growing demand from aerospace, electronics, power generation, petroleum, and chemical processing sectors are reasons owing to which the industrial grade segment secured 49% of the global titanium metal market in 2017. The segment could rise to a valuation of USD 881.9 million by 2023. The medical grade segment can scale USD 715.3 million with a 6.65% CAGR during the forecast period.

Based on the application, the titanium metal market includes aerospace, industrial, medicinal materials, and others. The aerospace segment had command over 62% of the global titanium metal market in 2017. By 2023, the segment could reach a valuation of USD 1,154.6 million and generate demand of 130.3 KT. The medicinal materials segment can achieve 6.17% CAGR over the forecast period and attain USD 237.1 million by 2023.

Regional Analysis:

MRFR’s analysis of the titanium metal market has a special eye on regions, namely, Europe, Asia Pacific (APAC), North America, Latin America, and the Middle East & Africa (MEA). This type of regional segmentation would help in the identification of growth pockets.

It is the APAC region that stands out from its competitors in terms of command over the market. The region has almost 41% of the global market under its control, and it is gaining significant traction from major industries aerospace, medical, construction, and chemicals. The growing demand for aircraft in the both commercial and defense sector is bolstering the regional market where it can achieve a valuation of USD 792.2 million by 2023.

North America has an extraordinary infrastructure for defense which is continuously generating demand for aircraft. The U.S. in the region spends a large amount of their budget in the defense sector, and private investment in the sector can assure huge growth in the coming years. The regional market can gain USD 498.4 million by 2023. The market is also getting triggered by the growing terrorist activities across the world.

 

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Competitive Landscape:

Leading companies designing the growth chart of the global titanium metal market are Precision Castparts Corp. (U.S.), ADMA Products, Inc. (U.S.), VSMPO-AVISMA Corporation (Russia), CRISTAL (Saudi Arabia), ATI (U.S.), OSAKA Titanium Technologies Co., Ltd. (Japan), AMETEK Inc. (U.S.), Global Titanium Inc. (U.S.), TOHO TITANIUM CO., LTD. (Japan), and Metalysis (U.K.). 

 

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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 products, services, technologies, applications, end users, 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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Sustainable Fabrics Market Forecast to 2027 Available in New Report

 

The surge in consumer awareness about the products they use and their impact on the environment is estimated to boost the sustainable fabric market. Reports created by MRFR detail the developments of the chemicals and materials industry that can be expected in the market through the forecast period. The sustainable fabrics market is assessed to grow at a CAGR of 11.4% throughout the forecast period.

The waste generated from the textile production process has come under scrutiny due to increased consumer vigilance on waste and recyclability of products they use, which creates momentum for the sustainable fabric market share in the forecast period.s

Competitive Analysis

The majority stake contenders are assessed to take an enhanced amount of risk to achieve their overall targets by aligning the resources needed to accomplish this goal. The return in demand stability is estimated to herald a positive development phase in the global market in the forecast period. Foreign portfolio investors are predicted to play a vital role in expanding the business interest of new businesses innovating the product range being offered in the market. The positive influence of macro market reforms is predicted to ripple favorably throughout the global market in the forecast period. The focus on sustained growth in the market is likely to reveal promising development options in the forecast period. The challenges of business stability and diminished cash flows due to the pandemic are estimated to be rectified gradually in the coming years. The market is estimated to be powered by the developments visible in the global market that are being instated to create a swift return to normalcy. The progress in the distribution of vaccines is estimated to fasten the market's development as optimistic sentiment returns to the market.

The valuable companies in the sustainable fabric market are Pilipinas Ecofiber Corp. (Philippines), Lenzing AG (Austria), Grasim (India), Shanghai Tenbro Bamboo Textile Co. Ltd (China), Teijin Limited (Japan), US Fibers (US), David C. Poole Company, Inc (US), Polyfibre Industries (India), Textil Santanderina, SA (Spain), Wellman Advanced Materials (US), Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd (China), China Bambro Textile Co. Ltd (China), Foss Performance Materials (US), Pure Waste Textiles Ltd (Finland), Fabindia Overseas Pvt. Ltd. (India), and Vivify Textiles (Switzerland).

 

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Segmental Analysis

The segmental evaluation of the sustainable fabric market has been conducted based on application, product type, and region. On the basis of application, the sustainable fabric market has been segmented into medical, clothing, furnishing, and others. The sustainable fabric market has been segmented into regenerated, recycled, natural and organic-based on product type.  The regions included in the sustainable fabric market are APAC, North America, Europe, and rest of the regions.

 

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Detailed Regional Analysis 

The regional review of the sustainable fabric market involves APAC, North America, Europe, and the rest of the regions. The Asia Pacific sustainable fabric market was the principal and fastest increasing market for sustainable fabric in 2018 and is projected to govern the global market throughout the forecast period. The Indian administration's benefit government policies in the textile and garment segment and collective government plans under the ministry of textiles are likely to retain healthy growth in the textile industry, which is one of the compelling influences to the sustainable fabric market in the region. Some of the other factors adding to the product market's progress in the region consist of shifting standard of living, growing consumer purchasing authority, and increasing e-commerce industry. The North American sustainable fabric market was the next largest market for sustainable fabric in 2018. Growth recognition regarding sustainability and robust demand for fashion attires reinforces the progress of the market in the region. The US held a significant share of the regional market of North America. Europe was shadowing the North American region in terms of market scope due to the presence of a strong base of textile companies in the region combined with large-scale clothing and furnishing requirements, motivating the need for sustainable fabrics in the market.

 

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

3 Market Research Methodology

4 Market Dynamics Of Global Sustainable Fabric Market

5 Market Factor Analysis Of Global Sustainable Fabric Market

6. Global Sustainable Fabric Market, By Product Type

7. Global Sustainable Fabric Market, By Application

8. Global Sustainable Fabric Market, By Region

9. Company Landscape

10. Company Profiles

 

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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 products, services, technologies, applications, end users, 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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Polyester Fiber Market 2021 Global Trends, Share, Growth, Analysis, Opportunities and Forecast To 2027

 

Overview:

Polyester fibers are sourced from recycled or new polyethylene terephthalate (PET) and are low cost, recyclable, versatile, and highly stretchable. That is why they are gaining substantial traction from the textile industry. The global polyester fibers market is expecting a hike by 8.35% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) in their recent report revealed that the market would surpass the expected market valuation by the end of 2023.

Several factors can impact the global polyester fibers market in the coming years. Industries like the healthcare, automotive, electronics, and construction to mention a few are expected to take the global market ahead. As materials for carpets and rugs, the product is gaining substantial market coverage. High investment for the research and development sector is also expected to influence the global market in the coming years.

 

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Segmentation:

MRFR, in their global polyester fiber market report, segmented it to get a closer look of various market factors. This segmentation is on the basis of form, product, grade, and application. Such an analysis is getting powered by value-wise and volume-wise data received from various adept data analysts.

Based on the form, the global polyester fiber market can be segmented into solid and hollow.

Based on the product, the global polyester fiber market includes polyester staple fiber (PSF) and polyester filament yarn (PFY).

Based on the grade, the global polyester fiber market comprises polyethylene terephthalate (PET) polyester and Poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) polyester. The polyethylene terephthalate (PET) segment is gaining strong mileage due to its widespread application in the food & beverage industry.

Based on the application, the global polyester fiber market consists of carpets & rugs, non-woven fabrics, household & institutional textiles, apparel, industrial & consumer textiles, and fiberfill. The carpets & rugs segment is gaining substantial traction from the market.

Regional Analysis:

Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA) are regions that have been included in a geographic study of the global polyester fiber market. Such an analysis has its focus fixed on growth pockets that can be of substantial use for future strategic moves.

The Asia-Pacific had the largest market share in 2017 and has the potential to grow with the highest CAGR during the forecast period. This has its roots in the fastest-growing textile industry and booming residential and commercial construction. China’s market is expected to be the largest one and is deemed to contribute the most in the coming years. The market is also gaining much from features like large consumer base, hike in per capita income, cost-affordable labor, and easy access to raw materials.

North America was the second largest market in the year 2017 and is expected to grow with a moderate CAGR in the coming years. The region is benefiting much from the contribution made by the US that is enjoying a surge in the demand for industrial fabrics and nonwoven fabrics application.

The European market is moderate in size and steady in its growth that the region can enjoy in the coming years. Stringent government regulations regarding the consumption of polyester fibers to manufacture mattresses and household textiles can take the regional market ahead. Both the Latin American and the MEA market have substantial potential to contribute to the market growth in the coming years.

 

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Competitive Landscape:

Several companies invest substantially in the polyester fiber market to maximize their profits. They are Reliance Industries Limited (India), Tongkun Group Co., Ltd. (China), Shenghong Corp (Singapore), Zhejiang Hengyi Group Co., Ltd (China), Indorama Ventures Public Company Limited (Thailand), Xin Feng Ming Group (China), GreenFiber International S.A. (Romania), William Barnet and Son, LLC (US), Polyfibre Industries (India), Märkische Faser GmbH (Germany), Sarla Performance Fibers Limited (India), and TORAY INDUSTRIES, INC. (Japan).

In August 2019, IIT-Delhi’s startup named Sanfe launched a new sanitary pad that can be reused. The product has polyester fibers as one of its major components.

 

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

3 Market Insights

4 Market Dynamics Of Global Polyester Fiber Market

5 Market Factor Analysis Of Global Polyester Fiber Market

6. Global Polyester Fiber Market, By Form

7. Global Polyester Fiber Market, By Product

8. Global Polyester Fiber Market, By Grade

9. Global Polyester Fiber Market, By Application

10. Global Polyester Fiber Market, 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 products, services, technologies, applications, end users, 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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Iron Oxide Pigments Market Share Analysis, Strategies, Revenue and Forecasts to 2027

 

Growing Building and Construction Industry to Boost Iron Oxide Pigments Market

Market Synopsis

According to Market Research Future (MRFR), the global iron oxide pigments are estimated to hold a substantial market value, thriving at a notable CAGR during the evaluation period. The flourishing building and construction industry majorly drive the demand for iron oxide pigments. The construction industry is expanding owing to the adoption of modern architecture and increased construction-specific initiatives taken by the government. Further, the growing paints and coatings industry is estimated to augment the global iron oxide pigments market on account of increased demand in various applications such as buildings, automobiles, and plastics, which is projected to escalate the demand for iron oxide pigments significantly in the forthcoming period.

On the contrary, the imposition of strict rules and regulations against the manufacturing of synthetic iron oxide pigment and the fluctuating price of raw materials is likely to impede the growth of iron oxide pigments during the forecast period. However, the surged demand for cosmetics and skin and hair care, along with the aforementioned factors, is estimated to counter the obstructing factors.

 

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Market Segmentation

The segment analysis of the global iron oxide pigments market is done by type, color, and end-use industry.

The type-based segments of the global iron oxide pigments are natural and synthetic.

The color-based segments of the global iron oxide pigments are red, yellow, black, and others.

The end-user based segments of the global iron oxide pigments are paints and coatings, construction, plastics, pharmaceuticals, paper, cosmetics and personal care, food & beverage, and others.

Regional Analysis

Based on geography, the global iron oxide pigments is segmented into Asia-Pacific, Europe, North America, and the Rest of the World (RoW). As per the study, the global market is estimated to be dominated by the APAC region and is likely to retain its position throughout the evaluation period. The development in the region can be attributed to the prospering construction industry in emerging economies such as China, India, Thailand, and Indonesia on account of the growing demand for residential construction, increased per capita income, and surging population. Further, initiatives such as Smart Cities Mission and Housing for All by 2022 undertaken by the Indian government is projected to shoot the regional market significantly.

North America is projected to take the second position during the forecast period. The increasing demand from various end-user industries such as pharmaceuticals, construction, cosmetics, and personal care, and packaging are anticipated to be the most significant factor in developing the regional market. Further, the increased expenditure on healthcare, along with the rising geriatric population, is likely to further fuel the market significantly in the forthcoming period. In addition, the increased demand from end-user industries like pharmaceuticals, construction, packaging, and cosmetics and personal care is projected to fuel the regional market additionally.

Europe is estimated to prosper during the review period on account growing packaging industry with the increasing demand for packaged food and beverages. Further, the application of water-based coatings in the automotive industry to lessen the volatility of organic compounds emissions is estimated to affect the market positively.

Latin America is projected to witness moderate growth owing to the increasing cosmetics and personal care industry in Brazil and Mexico.

The MEA region is likely to witness decent growth owing to the rising industrial base in the region.

 

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Key Players

The renowned players of the global iron oxide pigments market are Brenntag Specialties, Inc.(Singapore), BASF SE (Germany), Lanxess (Germany), Huntsman Corporation (US), Heubach GmbH (Germany), Tronox Limited (US), Applied Minerals Inc.(US), Cathay Industries (Hong Kong), Hunan Sanhuan Pigment Co., Ltd.(China), and Venator Materials PLC.(UK).

 

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

TABLE OF CONTENTS:

1 Executive Summary

2 Market Introduction

3 Market Research Methodology

4 Market Dynamics Of Global Iron Oxide Pigments Market

5 Market Factor Analysis Of Global Iron Oxide Pigments Market

6. Global Iron Oxide Pigments Market, By Color

7. Global Iron Oxide Pigments Market, By Type

8. Global Iron Oxide Pigments Market, By End-Use Industry

9. Global Iron Oxide Pigments Market, By Region

10. Company Landscape

 

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 products, services, technologies, applications, end users, 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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Automotive Refinish Coatings Market 2021 Global Trends, Share, Growth, Analysis, Opportunities and Forecast To 2027

 

Maintenance of Luxury Vehicles to Induce Global Automotive Refinish Coatings Market Demand

Automotive refinish coatings are special paints used in renovating existing or old vehicles. It is primarily driven by lack of maintenance by vehicle owners and rise in number of accidents. The global automotive refinish coatings market report compiled by Market Research Future (MRFR) by analysts with substantive research covering pertinent factors, trends, opportunities, and challenges for the period between 2016 and 2023 (forecast period).

Market Scope

The global automotive refinish coatings market is expected to thrive at 5.6% CAGR during the forecast period to achieve a valuation of USD 10.2 billion by 2023. The resurgence of the automotive sector as well as the large production of cars globally is projected to fuel market growth. Rising GDP of nations and increased purchasing power of consumers can positively impact the market. The increasing number of vehicle collisions can also work in favor of the global automotive refinish coatings market.

Investments in high-end and luxury cars can be lucrative to the market growth. Entry of strong brands as well as diverse range of cars can bear fruit for the global automotive refinish coatings market. The trend of modifications and need for customized designs are factors which can have a positive impact on the market. Awareness of the protective nature of these paints against scratches and damages on vehicle surfaces can augment the market size till 2023. Manufacturers are providing additional training to servicing units and refinishing stations due to introduction of new paints and substrates.

However, restrictions imposed on volatile organic compounds (VOCs) emissions and environment concerns are factors which can impede market growth.

 

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Segmentation

The global automotive refinish coatings market is segmented by resin, product type, technology, and vehicle type.

By resin, it is segmented into acrylic, alkyd, epoxy, and polyurethane.

By product type, it is segmented into primer, basecoat, clearcoat, activator, and filler and putty.

By technology, it is segmented into water-borne coatings, UV-cured coatings, solvent-borne coatings, powder coatings, and high solid coatings.

By vehicle type, it is segmented into two-wheelers, commercial vehicles, and cars.

Regional Analysis

The Middle East & Africa (MEA), North America, Latin America, Asia Pacific (APAC), and Europe are regions covered in the global automotive refinish coatings market report.

The APAC region is expected to grow due to the rapid industrialization from Malaysia, South Korea, China, India, and Japan. Other factors influencing regional market growth include increased purchasing power of consumers, awareness among the populace regarding maintenance and protection of vehicles, and rising urbanization. Rapid development of roads in China as well as procurement of vehicles can benefit the global automotive refinish coatings market growth.

North America can contribute to the global automotive refinish coatings market due to rising demand for passenger vehicles in the U.S. Growing need for customization, repair, and maintenance in the coming years can drive the global market growth. Europe can grow due to presence of large automotive manufacturers in the region as well as buying power of consumers in Belgium, France, U.K., Italy, and Germany.

The MEA and Latin America regions can drive the global automotive refinish coatings market due to steady industrialization and urbanization among the countries in the respective regions. Sale of luxury vehicles in Dubai as well as the growing oil & gas industry in countries of the MEA can benefit the market.

 

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Competitive Outlook

Covestro AG, Berger Paints India Limited, PPG Industries, Inc., Nippon Paint, The Valspar Corporation, 3M, Kansai Paint Co., Ltd, Mitsui Chemicals, Inc., The Lubrizol Corporation, Akzo Nobel N.V, Axalta Coating Systems, LLC, BASF SE, KCC Corporation, The Sherwin-Williams Company, Esdee Paints Limited, and KAPCI Coatings are prominent players of the global automotive refinish coatings market.

Industry News

BASF SE has invested in a new automotive refinish coatings facility which will start production by 2022. It is situated in Jiangmen, South China.

 

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

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 products, services, technologies, applications, end users, 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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Silicon Dioxide Market Top Companies 2021 | Size, Value Share, Latest Trend, Key Player Review, Business Prospect and Forecast to 2027

 

Silicon dioxide is not only one of the most commonly occurring minerals but it is also one of the minerals that has found application in industries as varying as food and beverages and construction. With a CAGR of 6.6%, silicon dioxide market size is expected to surpass USD 13,725.3 million by 2030.

Silicon dioxide is a natural chemical mix of silicon and oxygen that has uses in many food products as an anticaking agent. Silicon dioxide is generally safe as a food additive, though some agencies are calling for stricter guidelines about the quality and characteristics of the silicon dioxide found in foods.

In the pharmaceutical industry, silicon dioxide (also known as colloidal silicon dioxide) has many uses in tablet-making, including as an anti-caking agent, adsorbent, disintegrant, or glidant to allow powder to flow freely when tablets are processed. These compounds appear to be biologically inert. Silicon dioxide is generally recognized as safe by the FDA.

Manufacturers use silica to make everything from glass to cement, but it also has a use in the food industry as an additive and anticaking agent. This type of food additive prevents foods from caking or sticking together in clumps. This may help ensure a product's shelf life, protect against the effects of moisture, and keep powdered ingredients from sticking together and helping them flow smoothly.

 

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Competitive Overview:

Silicon dioxide market players comprise some of the biggest names in the chemicals industry as well as companies that focus specifically on silicon production. Evonik Industries AG, Solvay PPG Industries, Wacker Chemie AG, Gelest, Inc, Cabot Corporation, Aluflor AB, American Elements, Tosoh Corporation, Tokuyama Corporation are some of the giants in the silicon dioxide industry.

 

Segmentation:

Silicon dioxide market is segmented on the basis of purity, form, application and end-use industry.

According to purity, less than 99% pure silicon dioxide segment witnessed the largest market share in 2018 due to the expansion of the building & construction industry and the immense demand for the less pure silicon for application in construction activities. Over the forecast period, less than 99% purity segment is anticipated to register a CAGR of nearly 6%.

According to form silicon dioxide market is classified as amorphous, quartz, keatite, coesite, cristobalite, tridymite. Among these, amorphous silicon dioxide market share was at the highest at 45% in 2018, a trend that is expected to continue over the forecast period as amorphous silicon dioxide find immense demand from its application in food & beverages, glass & ceramics, paints & coatings, pharmaceuticals etc. The quartz segment has however been credited with the largest market share by volume in 2018.

Application wise silicon dioxide market segmentation includes glass & ceramics, building materials, silicon wafers, adhesives & sealants, paints & coatings, food & pharmaceutical additives. Among these the building material segment was the largest application segment in 2018 and is anticipated to register a 5.5% CAGR over the review period.

Silicon dioxide market according to end-use industry comprises building & construction, healthcare, electrical & electronics, chemical and food & beverages, of which building & construction segment held a market share of approximately 35% in 2018. 

 

Regional Analysis:

Geographically, silicon dioxide market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Due to an expanding building and construction industry, the silicon dioxide market in Asia Pacific has witnessed massive growth. In 2018, silicon dioxide market share in the region was estimated to be around 48% and is expected to register a CAGR of nearly 7% over the forecast period.

Europe silicon dioxide market is also expected to grow exponentially over the coming years and register a 5% CAGR over the review period. An expanding microelectronics industry as well as increasing building renovation activities will create a potent market for silicon dioxide products in the region. Germany and France are countries in the region that are anticipated to contribute substantially towards the market growth in Europe.

 

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Industry News:

The uses of silicon dioxide are varied and widespread. Recently, ripples were caused in the silicon dioxide market as researchers at the Case Western Reserve University demonstrated that buildings can be protected from wildfires with a blanket made of amorphous silica fabrics laminated with aluminum foil.

The incidence of wildfires is becoming more common in California as well as the world over. Megafires are being predicted in the coming years and residents have been seeking means to protect properties from the clutches of such fires. Draping buildings with flame-retardant blanket was a technology that was developed during World War II and seems to have found renewed application in the present scenario. Though the blanket might not be a foolproof solution in the face of wildfires that can rage on for days, its can definitely keep fires spreading from house to house and thus keep it from spreading.

 

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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 products, services, technologies, applications, end users, 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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Polyethylene Terephthalate Market Size, Segment | Value Share, Leading Players and Forecast to 2027

 

Market Overview:

Polyethylene terephthalate are widely used in the end-use industries such as automobile, food & beverage, electrical & electronics, and others. The global polyethylene terephthalate market is spanned across five regions of the world namely North America Latin America, Europe, and the Middle East & Africa and Asia Pacific.  Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the growing demand from the food & beverage, automobile and electronic industry. The major countries attributing to this growth are India and China. The developing retail sector coupled with the growing working population has augmented the demand for on the go food and beverages which is a major factor positively effecting the market growth.

North America is another dominant region which is mainly driven by the developed end-use industries. The growing export of food and beverages from the region has further fuelled the need for polyethylene terephthalate in packaging due to its high tensile strength and lightweight. Moreover, the growing adoption of PET in the automobile sector owing to its light weight and fuel efficiency is also expected to boost the market growth in this region. The U.S. and Canada are important countries attributing to this growth.

European market of polyethylene terephthalate market is set to grow at a steady pace during the forecast period. The presence of the developed electronic and automobile are the major factor driving the market growth. Furthermore, the growing working population has augmented the demand for on the food and beverage products in turn adding to the market growth. In addition to this, the ever-increasing health consciousness about the foodborne diseases has resulted in the high adoption of polyethylene terephthalate in the food and beverage industry of the region.

 

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Segmentation:

The global polyethylene terephthalate market on the basis of product types and application. On the basis of product types, the market is segmented as carbonated soft drinks, energy drinks, bottled water sheets & films, food and non-food and others. On the basis of application industry, the global polyethylene terephthalate market is segregated into food & beverages, electronics, automotive, and others.

 

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Competitive Analysis

Some of the prominent players operating in the Global polyethylene terephthalate market are Alpek S.A.B de C.V (Mexico), RTP company (U.S.), BASF SE (Germany), The Dow Chemicals Company (U.S.), Jiangsu Sanfangxiang Group (China), Indorama Ventures Public Company Limited (Thailand), M&G Chemicals (Italy), NAN YA PLASTICS CORPORATION (Taiwan), Far Eastern New Century Corporation (Taiwan), and The Quadrant group of companies (Switzerland).

 

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