Global High-Performance Polyamides Industry 2021 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

 

High Performance Polyamide belongs to aspecial class of polyamide, they can be formulated to offer improved properties when compared with conventional polyamide. They exhibit good impact strength, exceptional stiffness, and high dimensional stability. Other advantages include high chemical resistance, low moisture absorption, and excellent heat stability even at elevated temperature. With the aforementioned reasons, the High-Performance Polyamide are widely utilized in numerous end use industries such as sports & leisure, electrical & electronics, aviation & automobile, medical, and other.

Some of the prominent factors that positively influence the growth of High-Performance Polyamide Market are increasing industrialization, improving standard of living, and rising consumption of High Performance Polyamide. Moreover, increasing demand from sports & leisure industry as well as continuous growth of electrical & electronics sector drives the growth of the market. Rapid urbanization coupled with increasing disposable income in developing economies likely to fuel the growth of the market during the review period. However, High Performance Polyamide are relatively expensive than the other conventional polyamide, which may hinder the growth of the market. Moreover, increasing threat form hybrid polymers as a substitute is predicted to hamper the market growth.

 

Market Segmentation:

The Global High-Performance Polyamide is categorized based on product, end use industry, and region. On the basis of product, the market is classified into PA11, PA12, PA46, PA9T, polyphthalamides (PPA), polyarylamide (PARA). Among these, PA11 is expected to be the largest market segment, in 2016 due to its easy availability and cost-effective nature. Moreover, PA11 finds a broad range of application in automotive, sports, and electronics. PA9T is predicted to be the fastest growing segment on account of its high adoption rate in numerous end use industries. Furthermore, it exhibits outstanding thermal stability and chemical & mechanical resistance. With the above-mentioned properties it is widely used in the manufacturing of various application such as coolant systems, pumps & valves, shaft seals, surgical equipment, and electronics product. On the basis of end use industry, the market is segmented into aviation & automobile, electrical & electronics, sports & leisure, medical and others. Other end use industry include building & construction and oil & gas. Among these, aviation & automobile holds the largest market share in 2016 and is predicted to continue its dominance on account of increasing demand in the manufacturing of exterior and interior components in the aviation and automobile industries. Moreover, rising usage of these polymers in the manufacturing of hydraulic control lines, siphon string, and pipe liners is estimated to propel the demand for High Performance Polymer.

 

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Regional Analysis:

Asia Pacific is predicted to be the largest High Performance Polyamide Market followed by North America and Europe due to rising demand from aviation, automobile, electrical & electronics, and medical industries. Developing countries such as India, China, Vietnam, and Malaysia are the fastest growing markets for the High-Performance Polyamide and is predicted to grow with the same pace over the forecast period. North American High Performance Polyamide Market is predicted to witness a steady growth since the U.S. and Canada are among the major contributors in the regional market growth due to expanding healthcare sector. In Europe, High Performance Polyamide Market is estimated to grow with the significant rate on account of wide utilization in automotive sector. The Middle East & Africa is estimated to witness an average growth owing to rising investment in construction sector.

 

Competitive Analysis:

The major players operating in the High-Performance Polyamide Market include BASF SE (Germany), Evonik Industries (Germany), Royal DSM N.V. (the Netherlands), Arkema SA (France), KURARAY CO. LTD (Japan), Solvay (Belgium), SABIC (Saudi Arabia), DuPont (U.S.), LANXESS (Germany), Mitsui Chemicals, Inc. (Japan), and others.

 

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Polyether Amine Industry 2021 Global Trends, Share, Growth, Analysis, Opportunities and Forecast To 2027

 

Polyether Amine Industry – Overview

Polyether amines are organic derivatives of ammonia, in which one, two, or all three of the hydrogen of ammonia are replaced by organic groups. These amines have excellent physical and chemical properties and can offer better color and heat stability along with improved oil solubility. The global Polyether Amine Industry is expected grow moderately and register a positive CAGR over the forecast period. Some of the protuberant drivers supporting the growth of global polyether amines market are identified as, rising need for crop protection chemicals in emerging economies and high growth in end-use industries across the globe. However, the raw material required for the manufacturing of polyether amines is very high. Additionally, the availability of raw materials for production of polyether amines is also a challenging task for the manufacturers which may restrain these specialty amine market. The usage of polyether amines is accompanied by harmful effects on environment and human health, hence stringent environmental regulations would reduce the consumption and production of amines, which is a threat to this market.

As agriculture sector accounted high contribution to the GDP of the developing economies. There is tremendous opportunity for the polyether amines market with its use as herbicide, insecticide, fungicide in agriculture sector for countries with developing economies. The polyether amines are used by many industries, including for the manufacture of agrochemical, pharmaceutical and water treatment chemical. However, recently a growing trend of use of polyether amines as additives for the manufacture of polyurethane foams, coatings, lubricants and detergents is observed.

 

Competitive Landscape

In competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. Globally polyether amines market is at a growing stage which represents moderate stats in terms of market value and overall volume. Over the past few years specialty amines market has witnessed moderate demand from industries like agrochemical, water treatment, dye intermediates. Nevertheless, the degree of competition among the market players is still less, owing to limited market players across the globe. Globally market for polyether amines is fragmented in nature and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

IBO DEXIN LIANBANG CHEMICAL INDUSTRY CO., LTD. (China), Yantai Minsheng Chemicals Co., Ltd. (China), Qingdao IRO Surfactant Co., Ltd. (China), Huntsman Corporation (U.S.), BASF SE (Germany), Yangzhou Chenhua New Materials Co., Ltd.  (China), Wuxi Acryl Technology Co., Ltd. (China), Clariant (Switzerland), the Aurora Chemical Co. Ltd. (China), Yantai Dasteck Chemicals Co., Ltd. (China) among others are some of the prominent players at the forefront of competition in the Global Polyether Amine Industry and are profiled in MRFR Analysis. 

 

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Polyether Amine Industry Regional Analysis

Asia Pacific region accounted largest market share in the global Polyether Amine Industry and expected to dominate during the forecast period due to rising agriculture sector in developing economies, water treatment, adhesives and growing pharmaceutical industry in the region. China being largest consumer, manufacturer and exporter of polyether Amine. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'. This initiative is expected to foster growth in Indian anti-reflective coating market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in Polyether Amine Industry owing to a growing non-residential repair, renovation and new construction activities in the region.

 

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Waterborne Coating Additives Industry 2021 - Global Industry Analysis, By Key Players, Segmentation, Trends and Forecast By 2027

 

Waterborne Coating Additives Industry Segmentation

The global Waterborne Coating Additives Industry is segmented based on product type, end-use industry, and region.

On the basis of the product type, the global Waterborne Coating Additives Industry is segmented into wetting agent & dispersing agent, defoamers, surface control additives, deaerators, rheology modifier, hydrophobic agents, and others.  Wetting & dispersion agents’ market is estimated to be the largest market due to high requirement for dispersing and wetting of resins and pigments in paints & coating industry and is expected to continue dominance over the forecast period. Other product types are also expected to show significant demand due to varied application in construction, automotive, and, the packaging industry.

On the basis of the end-use industry, the global Waterborne Coating Additives Industry is segmented into building & construction, automotive, packaging, and others. Building and construction industry is expected to have the major market share of waterborne coating additives due to high consumption of paints & coatings. Automotive industry is also expected to show rising demand over the forecast period due to strong automotive industry particularly in Europe and China of Asia Pacific region.

 

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Regional Analysis

The global Waterborne Coating Additives Industry is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to have the major market share of waterborne coating additives in terms of market size. North America and Europe markets are relatively mature and expected to show steady demand in the forecast period. Middle East and Africa is expected to show rising demand during the forecast period from growing construction industry of Middle East.  Latin America is also expected to join hand with other regions and is expected to show rising demand from construction industry.

 

Competitive Analysis

Some of the key players of global Waterborne Coating Additives Industry are Akzo Nobel NV (Netherlands), Allnex group (China), BASF SE (Germany), BELAMI FINE CHEMICALS PVT. LTD.(India), ALTANA (Germany), Evonik Industries AG (Germany), Dow Corning Corporation (U.S.), Falcon Technologies Inc. (U.S.), Harmony Additive Pvt. Ltd. (India), and UL LLC (U.S).

 

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Global Hybrid Adhesive & Sealant Industry 2021 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

 

Hybrid Adhesive & Sealant Industry – Overview:

Hybrid Adhesive & Sealant belongs to a special class of adhesive & sealant that are derived from two different categories of polymeric resin. These are predominantly utilized in various end use applications such as automotive & aerospace, building & construction, marine, general industry, and others. Hybrid Adhesive & Sealant Industry is expected to witness strong growth due to increasing demand from building & construction sector and continuous growth of automotive & aerospace industry worldwide.  In addition, building & construction accounted for the largest application segment due to rising demand from various end use industries on account of their adhesion property over broad range of substrate, with this above-mentioned reason the market is predicted to register robust growth in the near future. Moreover, growing per capita disposable along with improved living standards has resulted in increased demand for fuel efficient vehicles which in turn has increased the lightweight passenger cars sales in developing countries. With this above-mentioned reason market is expected to register moderate growth.

Geographically, Asia Pacific emerged as the largest market for Hybrid Adhesive & Sealant in 2016 and is estimated to retain its dominance over the assessment years on account of rising demand from automotive & aerospace and building & construction sector. Furthermore, the demand Hybrid Adhesive & Sealant Industry is expected to surge in various countries of Asia Pacific such as China, India, and South Korea owing to rising construction activities along with high adoption rate from building and construction industry.  In addition, huge investment by major market players in their R&D activities and shifting of hybrid adhesive & sealant manufacturing unit as well as significantly increasing base of numerous end use industries in this region is expected to fuel the hybrid adhesive & sealant regional market growth. North American market is estimated to witness steady growth due to increasing demand from marine sector. North American market is further classified into U.S. and Canada which are among the major contributor in the regional market growth on account of strong growth of building & construction and marine sector. European market is predicted to witness healthy growth owing to rising awareness regarding the benefits associated with the product as well as growing utilization in automotive & aerospace industry. Moreover, developing countries of the Middle East & Africa and Latin America such as Turkey, the United Arab Emirates, Brazil, and Mexico are estimated to witness steady growth on account of increasing disposable income along with strong consumer base for building & construction sector.

 

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Competitive Landscape:

Henkel AG & Co. KGaA, Soudal Inc., H.B.Fuller, Bostik S.A., 3M, Sika AG, Wacker Chemie AG, TREMCO ILLBRUCK, Kisling AG, Illinois Tool Works Inc. among others are some of the prominent players at the forefront of competition in the Global Hybrid Adhesive & Sealant Industry and are profiled in MRFR Analysis.

The Hybrid Adhesive & Sealant report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global Hybrid Adhesive & Sealant Industry comprises of various manufacturers operating in the market which comprised of large scale and medium scale producers. Some of the prominent market players operating in the global hybrid adhesive & sealant industry has shifted their focus towards growth association specifically by Asia Pacific as moderate level and small scale manufacturers are from this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the key manufacturers are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many operating players are escalating their manufacturing capacity of hybrid adhesive & sealant to meet the growing demand for hybrid adhesive & sealant. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.

 

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Global Pitch-Based Carbon Fiber industry 2021 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

 

Pitch-Based Carbon Fiber industry Highlights:

The global market is estimated to be valued at USD 104,337.2 Million by 2027 exhibiting a CAGR of over 6.0%. The demand for carbon fibers has increased in the aerospace & defense industry since the past two decades owing to their superior performance characteristics over metals. Carbon fiber exhibits high tensile strength, chemical resistance, stiffness, low thermal expansion, and low weight properties. Its lightweight yet durable property is particularly driving its demand in the aerospace & defense industry.

Back in the 1900s, the aerospace industry used aluminum as a primary construction material for aircraft as it is a durable metal. However, aluminum is heavier as compared to carbon fiber, which increases the overall weight of an aircraft. Also, the weight of passengers and cargoes (luggage) also add to the overall weight of aircraft. The high weight of aircraft increases the consumption of fuel by the engine.

With the limitations associated with aluminum, the aerospace industry switched from aluminum toward carbon fiber as the primary material in the construction of aircraft, as carbon fiber exhibits excellent properties such as lightweight and durability. In 2003, Boeing Co (Chicago, US) was the first airline company to use carbon fiber, as the primary construction material for 787 commercial jetliner, which included parts such as fuselage (cockpit, cockpit windscreens, doors, passenger windows, avionics, cockpit seating, and wiring), wings, tail, and other structures. Furthermore, Airbus was the second airline company to manufacture aircraft (A350 XWB and A380) using carbon fiber composites. The use of carbon fiber composites has reduced fuel consumption and emissions, reduced the need for maintenance, tooling, and assembly costs. It also delivers an enhanced passenger experience by damping engine vibration. It is expected that over the next 20 years, nearly 9,000 new wide-bodied aircraft are due for delivery, which will be built using carbon fiber composites. Thus, the growing demand for carbon fiber in the aerospace & defense industry is expected to boost the growth of the global Pitch-Based Carbon Fiber industry during the forecast period.

Carbon fibers are finding increasing applications across various end-use industries due to their advantages such as stiffness, high tensile strength, lightweight, chemical resistance, high-temperature tolerance, and low thermal expansion. They are obtained by pyrolysis of an appropriate precursor fiber. Other than pitch, carbon fibers are produced by pyrolysis of polyacrylonitrile (PAN) or rayon precursors. Polyacrylonitrile (PAN) is the predominant precursor used for producing carbon fiber due to its properties such as superior strength, high stability, and higher carbon yield. About 90 % of the carbon fiber is produced from PAN and the rest is made from rayon or petroleum pitch. The growth in the adoption of PAN-based carbon fibers is further attributed to its lower cost as compared to petroleum pitch or rayon precursors. PAN-based carbon fiber is widely used in several industries such as automotive, aerospace & defense, sporting goods, and construction. The demand has increased as these industries are looking for solutions that save energy, make more durable products, and are environmentally friendly. Thus, the availability of PAN-based carbon fibers at low cost and relatively similar performance characteristics is expected to be the major factor hampering the growth of the global Pitch-Based Carbon Fiber industry during the forecast period.

 

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Segmental Analysis

According to MRFR analysis, the global Pitch-Based Carbon Fiber industry has been segmented based on type, application, and region.

By type, the global Pitch-Based Carbon Fiber industry has been categorized into composites and non-composites. Among these, the composites segment accounted for the largest share of over 90% by value in 2018, predominantly due to the extensive use in the aerospace, construction, automotive, and energy sector. The composites segment is expected to register a CAGR of over 6.5% during the forecast period.

On the basis of application, the global Pitch-Based Carbon Fiber industry has been classified into aerospace and defense, wind energy, sports & leisure, automotive, construction, and others. The aerospace and defense segment accounted for the largest share by value in 2018 due to the high demand for pitch carbon fiber in the manufacturing aerospace and defense tools and equipment. The increasing application of pitch-based carbon fiber in automotive, energy and construction is further expected to boost the growth of the segment during the forecast period.

 

Market Players

Market Research Future (MRFR) recognizes the following companies as the key players in the global Pitch-Based Carbon Fiber industry: Hexal Corporation (US), Hyosung Corporation (South Korea), SGL Carbon (Germany), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Cytec Industries, Inc (US), Toray Industries Inc (Japan), DowAksa (Georgia), OJSC «SvetlogorskKhimvolokno» (Belarus), Nippon Graphite Fiber Co., Ltd (Japan).

 

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Regional Analysis

The regions analyzed under the scope of the global Pitch-Based Carbon Fiber industry are Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. According to MRFR analysis, Asia-Pacific was the dominant regional market with a share of over 35% in 2018 and is expected to enroll a CAGR of over 7.0% during the reviewed period. Asia-Pacific is trailed by North America, which represented the second-largest share of around 30% in 2018. The Latin American and the Middle East and African markets are likely to grow at a moderate rate during the review period, 2019–2030.

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Global Silicone Oil industry 2021 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

 

On the basis of the application, the global Silicone Oil industry is segmented into damping fluid, thermal bath fluid, lubricant, dielectric fluid, cosmetics & personal care products, pharmaceuticals, polishes and others. Silicone oil was majorly consumed in different applications of cosmetics & personal care product such as deodorants, skin care products, hair care products, lipstick, make‐up products, and shaving products among other in 2017 owing to its non-toxicity and water-repellent characteristics. It is expected to continue growing rapidly over the forecast period 2018-2027.

On the basis of the end-user industry, the global Silicone Oil industry is segmented into cosmetics & personal care products, healthcare, automotive, aerospace, electronics, industrial, textile, and others. Cosmetics & Personal care industry accounted to hold the largest market share of the global Silicone Oil industry in 2017 and is expected to show a considerable growth during the forecast period. However, end-use industries such as automotive and aerospace are collectively expected to witness a huge consumption of silicone oil owing to the vast uses of silicone oil for automotive and aerospace such as damping fluid, lubricants, dielectric fluid, polishes, hydraulic fluid, and others over the forecast period.

 

Regional Analysis

The global Silicone Oil industry is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific was largest global silicone oils market in 2017 and is expected to continue experiencing a strong growth over the forecast period. Europe accounted to be the second largest market for silicone oil in 2017 and is expected to remain the same during the forecast period. North America is expected to show rising demand for silicone oil over the forecast period. The Middle East & Africa are also expected to witness a significant demand for silicone oil over the forecast period. Latin America holds the least market share of the global Silicone Oil industry and is expected to show sluggish growth during the forecast period.

 

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Competitive Analysis

Some of the prominent manufacturers of the global Silicone Oil industry are Merck KGaA (Germany), Aurolab (India), Clearco Products Co., Inc. (U.S.), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Elkem Silicones (France), Momentive Performance Materials Inc. (US), Thermo Fisher Scientific, Inc. (U.S.), D R P Silicone (India), Evonik Industries AG (Germany), ACC Silicones Ltd. (UK), BRB International (Netherlands), Siltech Corporation (Canada), Anhui Youcheng Siliconeoil Co., Ltd. (China), and China National Bluestar (Group) Co,Ltd. (China).

 

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Global Inorganic Salts Industry 2021 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

 

Inorganic Salts Industry - Overview

The Global Inorganic Salt Market is growing with the rapid pace, mainly due to the burgeoning fertilizers industry, agriculture industry, and agrochemical industries. Available in various types, Inorganic Salts find a line of applications mainly in agriculture, healthcare, and construction industries. Depending upon chemical properties, inorganic salts are used in various industries. Being essential nutrients, Inorganic Salt play a vital role in regularizing the human body functions as to maintain the metabolic processes, and to conduct the nerve impulse. Owing to this, Inorganic Salt has been gaining a lot of prominence and sequentially; the Inorganic Salt Market is gaining momentum on the global platform.

Considering the significant amount of traction, the Global Inorganic Salts Industry is gaining currently; the Market Research Future, has recently published a brilliant study report giving out the in-depth market prognosis and the market key player’s analysis. According to MRFR market study, the global market of Inorganic Salt is projected to accrual exponentially by 2027, by posting a staggering CAGR during the estimated period (2016 – 2027).

Leverage to the rising population worldwide that has resulted in to heightened demand for food supply leading to the increasing demand for agrochemicals and fertilizers in agriculture industry eventually, fostering the demand in Inorganic Salt Market. Additionally, increasing application of Inorganic Salt across industries including Construction, Pharmaceutical, Rubber manufacturing etc. are driving the market growth of Inorganic Salt up to an extent. Magnesium oxide and rubber are the major elements of inorganic salt. The growth in rubber industries and increasing demand for magnesium oxide has propelled the market growth for Global Inorganic Salt Market. In pharmaceutical industry, inorganic salt has been used as an important application as an antacid. In the construction industry, it is used in cement as an Epsom salt which is very widely used in gardening, household usage, agriculture and several other areas.

Sodium Carbonate, one of the Inorganic Salt is primarily used by the chemical industry for manufacturing glass, detergents, sodium chemicals and carbonate chemicals. It is also employed by the paper and pulp industry for paper production. Sodium carbonate is used in industrial and municipal wastewater treatment because of strict regulations requiring dechlorination of the wastewater treatment process. It is also employed for brine treatment, coal treatment and desulphurization of flue gas. Sodium carbonate finds major consumption in industries as well as households for removal of hardness in water and pH adjustment of water. Sodium carbonate is also used as a catalyst for resin regeneration through ion exchange.

Ammonium sulphate is an inorganic salt that is widely used in fertilizers, providing nitrogen and sulphur for the healthy growth of crops. Ammonium sulphate consists of 21% nitrogen and 24% sulphur. The advantage of using ammonium sulphate is that it releases nitrogen slowly, which is beneficial for crop growth. The chemical method that is popularly used for the preparation of ammonium sulphate involves the reaction of ammonia with sulphuric acid in a reactor. Another method of preparing ammonium sulphate involves the reaction of gypsum with ammonium carbonate, resulting in ammonium sulphate and calcium carbonate as the by-product. Ammonium sulphate is also formed as a by-product during the preparation of caprolactam.

Sodium nitrate is one of the widely used inorganic salts. It is used in fertilizers, pharmaceutical products, food, and gunpowder. It is a white crystalline salt that is found as mineral deposit called caliche ore in the Earth's crust. This odourless compound is also known as Chile saltpeter. Chile and Peru are the largest producers of sodium nitrate. Sodium nitrate is a strong oxidizing agent. It is used as fertilizers to help in the crop yield by improving the nutrient content of the soil.

Magnesium carbonate (MgCO3) is a white coloured solid Inorganic Salt present in various basic and hydrated forms as minerals. Magnesium carbonate has a wide range of application in industries such as cosmetic, pharmaceutical, food, personal care, rubber, plastic, etc. as antacids, additives, laxative, drying agent, etc. The Global Magnesium Carbonate Market is expected to expand at significant CAGR, owing to high demand for magnesium oxide in pharmaceutical industry.

 

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Inorganic Salt Global Market - Competitive Analysis

Global Inorganic Salt Market players are ensuring to be innovative while building up the marketing strategies. This in return, provides a strong consumer base. Key players are focused majorly on acquisition of small players to expand their business and penetrate the Global Inorganic Salt Market. Expansion is also one of the key strategies followed by acquisition. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue. Acquisition and expansions are evaluated to be contributing to more than 30% of strategy share and is facilitating the companies to penetrate the potential market across globe.

MerckMillipore, Sigma Aldrich, Fisher Scientific, Otsuka Chemical Co Ltd, Loba Chemie, Lenntech, Arkema SA,Bann Química, Chemtura Corporation, Behn Meyer Solutia Incorporated, Emerald Performance Materials, Lanxess AG, and Eastman Chemicals Co. are some of the prominent players at the forefront of competition in the Global market of Inorganic Salt and are profiled in MRFR Analysis.

 

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Polymeric Plasticizer Industry 2021 - Global Industry Analysis, By Key Players, Segmentation, Trends and Forecast By 2027

 

Overview:

Various end-user industries are now looking for component dynamisms which can cover a lot of needs in one go. Polymeric plasticizers are providing the same impact and have captured the attention of several sectors that are subsequently boosting the market growth of the polymeric plasticizer. The component is mainly used in PVCs to increase softness, flexibility, and lower modulus values. Its utility in applications spans across adhesive, pigment, films, membranes, cables, and other segments. But the most to impact the market and drive it forward is the packaging industry which promises a sizable growth of the Polymeric Plasticizer Industry during the forecast period (2016-2027). Market Research Future’s (MRFR) report on the said component brings in a holistic approach to have a precise prediction of the forthcoming years.

However, the market is witnessing an uphill task against stringent regulations that are being imposed by various governments such as bans on some of the phthalates and toxicity of PVC which can put a leash on the market growth. But a long-lasting impact is not on the card as the market is developing various bio-based components that can take on the initial setback.

 

Industry Trend:

Implementing eco-friendly methods in the production and developing bio-based components have become Arkema’s intent for a while and it can be seen in their endeavor of launching soybean-based plasticizers that would assist the company in following government regulations.  

Emerald Kalama Chemical has added a new product Vitroflex B to their portfolio which is a product of their advanced technology to support environmental causes.

 

Segmentation:

The global Polymeric Plasticizer Industry can be segmented by application and end-users.

By application, the market can be sub-segmented into adhesive, pigment, films, membranes, cables, and others.

Based on end-users, the market comprises paints, packaging, automotive, construction, electronics, and others.

 

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Regional Segmentation:

Region-specific analysis of the global Polymeric Plasticizer Industry covers North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and the Middle East & Africa (MEA).

The APAC is the largest consumer of the said market and also generates the maximum revenue. This can be attributed to the presence of emerging economies such as India, China, Taiwan, and South Korea that are experiencing a large-scale boost in diverse industries which are creating substantial demand for the product. The packaging industry is also getting much traction owing to which the Polymeric Plasticizer Industry is gaining pace.

North America is the second largest market and is fetching impressive revenue owing to its burgeoning automotive, electrical, and other industries. The market is poised to experience further growth during the forecast period. The European market follows the former closely with heavy demand being generated by paints, packaging, and construction industries. The LATAM and the MEA market progress report is based on increasing orders from sectors such as adhesive, pigment, films, membranes, cables, and others.

 

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Market Competition:

The market is densely packed with several key players locked in a competitive struggle. Companies are mainly focusing on expansion, collaboration, merger, and acquisition to better their portfolios. For instance, Arkema invested in a new factory in Mobile, Alabama for its Kepstan PEKK(polyetherketoneketone) copolymer. Evonik, on the other hand, is aiming at expansion via acquisition and bought the additive segment of the U.S. company Air Products.

Key players of the global Polymeric Plasticizer Industry to wield influence are Eastman Chemical Company (US), Hallstar (US), E. I. du Pont de Nemours and Company (US), BASF SE (Germany), LANXESS (Germany), Evonik Industries AG (Germany), Exxon Mobil Corporation (US), Teknor (US), UPC Technology Corp (Taiwan), Aekyung Petrochemical Co., Ltd. (South Korea), and others.

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.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: mailto:sales@marketresearchfuture.com