sayali's Posts (685)

Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements. They are also used for improving pavement performance through reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility.

Cold mix asphalt is manufactured by adding a special category of emulsified asphalt with aggregates. The emulsion used reduces the viscosity of the asphalt, thus making it workable even at cold temperatures. Cold mix asphalt is premixed and stored for a long duration, thus making it an ideal product for road repairs and various other low-volume uses and is mixed and applied at lower temperatures as compared to conventional hot mix. Cold mix asphalt also has various environmental benefits such as low-temperature mixing resulting in reduced fuel consumption and resulting fumes. The production of cold mix asphalt is relatively eco-friendly, with very low associated emissions.

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Asphalt Additives Market Taxonomy

On the basis of product type, the global market is segmented into:

  • Polymeric modifiers
  • Chemical modifiers
  • Adhesion promoters
  • Anti-strip
  • Emulsifiers

On the basis of function, the global market is classified into:

  • Warm mix
  • Cold mix
  • Hot mix

On the basis of application, the global market is classified into:

  • Roads and Infrastructure
  • Construction
  • Paving

In construction industry, asphalt derivatives are used in formulating mortar admixtures and concrete. They also find application in manufacturing of gypsum, cement plasterboard and asphalt emulsions. Various asphalt additives used in the construction industry include foaming agents, dispersants, defoamers, grinding aids, accelerators and air entrainers. Asphalt additives are used for both, new construction as well as maintenance activities, with the former being the largest application area.

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Asphalt Additives Market Outlook – Need for Increasing Road Infrastructure to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Development of roads and infrastructure is one of the major factors contributing to the growth of geotextile market. Asia Pacific is one of the major contributors in the geotextile market globally. Rapidly flourishing urbanization has led to the increase in the requirement of new roads and modern infrastructure. This trend is expected to be followed over the forecast period. According to IBEF India has the second largest road network in the world and is expected to reach total revenue of USD 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. This mainly attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.

Reusable applications of asphalt additives are fueling the demand for asphalt additives, especially in Asia Pacific and Middle East regions. Expansion in various geographies is a key strategy adopted by the major players in the asphalt additives market. IN September 2015, CalPortland completed expansion of the business in California which will add to the manufacturing capacity of the company.  Some of the major companies operating in the global asphalt additives industry include CalPortland, AkzoNobel N.V., Tri-Chem Industries, Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, Kao Corporation, Honeywell International Inc., ArrMaz, and The Arkema Group.

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Liquid packaging is a packaging technology that is used to protect consumables such as food and liquids from contamination and damage during transport and storage. Liquid packaging helps in maintaining the freshness of the product, and plays a vital role in protecting the product from moisture. Also, it helps the product in improving the scuff, resistance to tear, and puncture resistance. Liquids and food products need to be packaged in tough materials  with good seal integrity to avoid leakage, cracking, and degradation during transportation.  Liquid and food products include dairy products, syrups, water, cooking oil, fruit juices, shampoos, grease, and motor oil. Liquid packaging offer better shell life, high recyclability, eco-friendliness, and are convenient to transport.

Various techniques such as aseptic liquid packaging, blow molding, and form fill seal technology are used to process liquid packaging materials.

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Liquid Packaging Market Taxonomy

On the basis of type of technique, the global market is segmented into:

  • Aseptic Liquid Packaging
  • Blow Molding
  • Form Fill Seal Technology

On the basis of Resins types, the global market is segmented into:

  • Low Density Polyethylene (LDPE)
  • High Density Polyethylene (HDPE)
  • Polypropylene
  • Polyethylene Terephthalate (PET)
  • Others

On the basis of Packaging types, the global market is segmented into:

  • Flexible Liquid Packaging
    • Films
    • Stand-Up Pouches
    • Bag-In-Box
    • Others
  • Rigid Liquid Packaging
    • Cartons
      • Brick Carton
      • Gable Top Carton
      • Shaped Carton
    • Paperboard
    • Plastics & PET Bottles
    • Glass
    • Cans
    • Others

On the basis of application, the global materials market is segmented into:

  •  Food & Beverages
    • Dairy Products
    • Milk and Yogurt
    • Buttermilk
    • Others
  • Wine & Spirits
    • Juice & Drinks
    • Drinking Water
    • Fruit Juice
    • Tea
    • Coconut water
    • Carbonated Soft Drinks
    • Tomato Sauce
    • Others
  • Medical & Pharmaceutical
    • Cosmetics & Personal Care
    • Household
    • Industrial
    • Others

Aseptic liquid packaging technique is the most widely used packaging technique. These types of packing are usually made of paperboards containing thin layers of aluminum and plastics. This packaging helps preserve food for long time without the need to add preservatives. Rigid liquid packaging type is extensively used in liquid packaging. It includes paperboard, cartons, cans, and PET bottles. Plastics & PET bottles are widely used in packaging of food & liquid products such as carbonated drinks, water, beverages, dairy products, and alcohol. Food & beverages is the largest end-use industry in liquid packaging market. This is due to the rising population in Asia-Pacific region, and rising disposable incomes in emerging economies such as Brazil, Mexico, China, and India.  Rising consumption of packaged food in North America and Europe region is also the key factor driving the global liquid packaging market.

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Liquid Packaging Market Outlook – Asia-Pacific is the largest, and fastest-growing region, globally

Asia-Pacific is the largest and fastest-growing region in the global liquid packaging market. According to EUSME Center— a European Union initiative that provides a comprehensive range of hands-on support services to European small and medium-sized enterprises (SMEs), getting them ready to do business in China—China continues to be the world’s largest consumer market for food and beverage (F&B) products, surpassing the U.S. in 2011. In 2015, food & beverages exports from Europe to China increased by 48%. In 2014, exports of dairy products from Europe grew by 11%. Growth of imported food & beverages products is driven by limited arable land, rising disposable income, water scarcity issues, improving logistics systems, increasing urbanization, and growing concerns for food safety. This in turn fuels growth of the liquid packaging market in Asia Pacific. In 2015, the Indian food processing industry accounts for 32% of the country’s total food market, and is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 14% of manufacturing Gross Domestic Product (GDP), 13% of India’s exports and 6% of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018. India's organic food market is expected to increase three times by 2020, as compared to 2015. Hence, there is a large demand for liquid packaging materials in Asia Pacific region, making it the largest and fastest-growing market for liquid packaging.

Some of the major companies operating in the global liquid packaging materials market are The Dow Chemical Company, Smurfit Kappa, International Paper, Tetra Pak International S.A., Nippon Paper Industries Co., Ltd, Liqui-Box Corporation, Tri-Wall Limited, Evergreen Packaging, Elopak Group, BillerudKorsnas AB and Mondi Plc.

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A coating is a layer applied on the surface of an application, usually referred to as the substrate. The coating may cover complete substrate, or any part of that substrate. Waterborne coatings are coatings that use water as a solvent to disperse a resin. These coatings are considered eco-friendly, and can be applied easily on the substrate. These coatings contain up to 80% water, with the remainder accounted for by other solvents such as glycol ether. These coatings are considered to be environment-friendly as U.S. and European regulations require waterborne coatings to have a VOC content of less than 3.5 pounds per gallon of water. The key properties of waterborne coatings include low VOC, very low odor, and non-flammability. Waterborne coatings dry at a very fast rate and can be re-coated as well.

Waterborne coatings are used in a myriad number of applications, as they are perfect primers due to their good resistance to heat and abrasion; provide excellent adhesion; have low toxicity and flammability due to low VOC levels and HAP emissions; and are used in relatively small quantities as they cover large surface areas as compared to equal quantity of solvent-borne coatings. In most cases, these coatings cost less than solvent-borne coatings and require no additives, thinners, or hardeners.

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Waterborne coatings such as acrylic coatings, polyester coatings, polyurethane coatings, alkyd coatings, and epoxies are used in a wide spectrum of applications such as architectural, marine, protective, and automotive.

Waterborne Coatings Materials Market Taxonomy

On the basis of resin type, the global Waterborne Coatings market is segmented into:

  • Acrylic Coatings
  • Polyester Coatings
  • Polyurethane Coatings
  • Polyvinylidene Fluoride (PVDF) Coatings
  • Polyvinylidene Chloride (PVDC) Coatings
  • Alkyd Coatings
  • Epoxy Coatings
  • Polytetrafluoroethylene (PTFE) Coatings
  • Others

On the basis of application, the global Waterborne Coatings market is segmented into:

  • Architectural
  • Marine
  • Protective
  • Packaging
  • Automotive
  • Wood
  • General Industrial
  • Others (Coil, etc)

Acrylic-based waterborne coatings is the fastest-growing resin type. This is due to increasing demand for these resins in architectural and automotive applications. There is a large demand for architectural coatings in Asia Pacific, South America, and Middle East & Africa regions due to the growing urbanization and increasing infrastructure developments in commercial, residential, and industrial sectors in these regions. The low interest housing loans in Asia Pacific region, is the key driving force for growth in demand for architectural coatings. 

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Waterborne Coatings Market Outlook – Asia Pacific is the largest, and fastest-growing region in waterborne coatings market

Asia-Pacific is the largest, and fastest-growing region in the global waterborne coatings market. The growing construction and automotive end-use industries is the major driving factor for growth of the waterborne coatings market in the region, with India and China being the key growth engines. As per stats released by Indian Brand Equity Foundation—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the real estate market is expected to be valued at US$ 180 billion by 2020. The automotive sector in the India has attracted FDI worth US$ 15.79 billion during April 2000–September 2016, as per statistics released by Department of Industrial Policy and Promotion (DIPP). This, along with rapid economic growth in the region creates a highly conducive environment for market growth.. The growth in the sales of automobiles, and increasing use of waterborne coatings in automobiles due to their ability to protect the vehicles against UV radiation, and bad weather is also adding up to the growth of these coatings in the region.

The fluctuating raw materials prices of different pigments, additives, resins is the main restraining factor for this market growth. The lack of awareness on the uses and benefits of waterborne coatings is the major challenge which is need to be focused in this market.

Some of the major players operating in the global Waterborne Coatings materials market are BASF SE, AkzoNobel N.V., Axalata Coating System LLC, PPG Industries, The Valspar Corporation, Sherwin-Williams Company, Nippon Paints Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, and Berger Paints India Ltd.

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Wood coatings are additives or mixtures that are added to the end wood product primarily to preserve the overall quality (durability, color and texture) of the finished item. The coating is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture resistance, heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps in keeping the end product sanitized and easier to maintain.

Manufacturers of wooden furniture and related furnishing resort to wood finishing to provide low-cost wood with an appearance and texture that makes it look like a higher end wood item. These products are mainly intended for sales in price-sensitive markets such as Asia Pacific and Latin America. According to a study conducted by Coherent Market Insights (2016), around 68% of the population in India is inclined towards buying low-priced wood items that look premium. These consumers do not lay emphasis on the quality of the wood and mainly focus on aesthetic appeal.

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Wood Coatings Market Taxonomy

On the basis of product type, the global market is segmented into:

  • Shellac
  • Wood Preservatives
  • Water Repellents
  • Stains
  • Linseed Oil
  • Beeswax and Carnauba wax mixtures
  • Acrylic Paint
  • Others

On the basis of application, the global market is segmented into:

  • Furniture
  • Siding
  • Flooring
  • Decking
  • Door
  • Cabinets
  • Others

On the basis of finishing processes, the global market is segmented into:

  • Vacuum Coatings
  • Spray Coatings
  • Brush Coatings
  • Others

On the basis of geography, the global market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Wood Coatings Market Outlook – Growing Construction Industry Is Fueling Market Growth

Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific positioned as the growth engine (the regional market is expected to witness a massive 30% CAGR over 2016–2024). Growing population is a key factor towards the growth of the construction industry. Wood is one of the most widely used materials in the retail sector. Major retail players focus on effective merchandising of products at retail outlets. These products are usually propped up on wooden shelves and displays. Thus, rapid growth of retail industry is also fueling growth of the wood coatings market.

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Asia Pacific is expected to retain its dominance in the global wood coatings market throughout the forecast period. Conversely, health issues associated with the coating ingredients is one of the major restraining factors for the growth of the wood coatings industry. Coatings when in direct contact may lead to health issues such as skin and eye irritation and asthma. In addition, when in constant contact with air and sun the coatings may fade over time making the damage areas look yellowish.

Manufacturers are focusing on product innovation as a part of their business strategy to cater the rising demand of their customer base. For example, Premium Coatings And Chemicals Pvt Ltd., a specialized coatings manufacturer based in India, offers natural wood coatings for furniture’s and has also introduced silk wood sealer, glossy and matte that offer excellent adhesion, enhanced heat resistance and no yellowing features. Some of the major companies operating in the global wood coatings market are BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings and Chemicals Pvt Ltd. And Nippon Paint Co. Ltd.

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Disinfectants are chemicals that destroy harmful vegetative forms of fungi and bacteria. Disinfectants are used in various end-use industries due to its distinctive features such as microbiological sterilization. Air disinfectants, alcohol, aldehydes, oxidizing agents, phenolic, and ammonium compounds are the commonly used disinfectants. The global disinfectants market is driven by various factors such as growing health awareness and increasing number of patients suffering from infectious diseases, including influenza, tuberculosis, measles, and malaria, among others. The 2014 outbreak of Ebola is a major epidemic that significantly fueled demand for disinfectants. The outbreak of dengue in the eastern part of India during 2011, 2013, and 2016 has also fueled demand and hence, boosted growth of the disinfectants market.

Disinfectants Market Taxonomy

On the basis of formulation, the global market is classified into:

  • Sprays
  • Wipes
  • Powder
  • Others

On the basis of application, the global market is classified into:

  • Aerial
  • Surface
  • Water Sanitizing
  • Others

On the basis of geography, the global market is classified into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

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Aerial disinfectants are used to reduce concentration of various pollutants in the air. Surface disinfectants are used in commercial as well noncommercial sectors primarily as floor cleaners. Water sanitizing disinfectants are used to treat wastewater and to sanitize ponds and swimming pools for human usage.

Disinfectants Market Outlook – Ebola and Dengue Fever Epidemic to Drive Market Growth

Outbreak of infectious diseases such as Ebola and Dengue had an immense impact on the growth of disinfectants market. The dramatic outbreak of Ebola Virus Disease (EVD) during 2014 - 2016 affecting Sierra, Liberia, Nigeria, Guinea, U.S., U.K., Mali, Italy, Senegal and Spain is one such instance. As per the data released by World Health Organization (WHO) in June 2016, there were over 10,000 reported cases of people suffering from EVD in Liberia, out of which almost 5,000 people died. This was followed by Sierra and Guinea, where more than 6,500 people died during the Ebola outbreak. Ebola virus can cause severe hemorrhagic fever which can also be fatal. During and after this outbreak, consumer health concerns regarding infectious diseases in turn creates high demand for disinfectants. During 2010, 2013, 2014 and 2016 there was a number of fatalities reported in India due to dengue. As per the statistics released by the National Vector Borne Disease Control Programme (India), 111,880 cases of  dengue fever were reported in the country during 2016  resulting in 227 deaths. This has also fueled the demand for disinfectants globally.

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Asia Pacific is expected to be the fastest growing region in the disinfectants market, mainly due to growing health concerns and increasing prevalence of infectious diseases. Europe is projected to be the largest market for disinfectants over the forecast period. This is mainly attributed to high health awareness among the populace in the region and large concentration of end-use industries. Emerging economies such as India, China, and Brazil are majorly untapped markets that can be tapped into by manufacturers to achieve substantial growth in the market. Manufacturers have also came up with the concept of ‘disinfectant sachets’ especially for the rural areas and noncommercial usage. For example, DuPont introduced VIRKON S VIRUCIDAL disinfectant sachets especially for the Indian market.

Key players in the global disinfectants market include Zoetis, Nufarm Limited, Stepan Company, Quat-Chem Ltd., Thymox Technology and The Chemours Company.

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The chemicals & materials market consists of a number of components and sub components within its large portfolio. A distinct substance or compound that has been manufactured or purified artificially is called a chemical compound. A material is a compound from which some other complex materials can be made. Ceramics, adhesives, metals, composites, polymers, and glasses are among the most widely used materials. Chemicals are inorganic or organic building blocks used to manufacture various materials. Chemicals and materials separately or as a mixture find a wide range of application across various end-use industries such as automotive, power & energy, agriculture, food & beverages, instrumentation, consumer goods, aerospace & defense, healthcare, and IT. The global market has wide range of application areas; dental silicas, flow aids, crop protection, animal nutrition, active pharmaceutical ingredients, dietary supplements, preservatives, flame retardants, surface ingredients and matting agents among others.

Asia Pacific is expected to retain its dominance in the chemicals & materials market during the forecast period (2016 – 2024), spearheaded by China, India, and Japan due to rampant growth of end-use industries.

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Chemicals & Materials Market Outlook – Surge in Electronics and Construction Chemicals Industries Augmenting Market Growth

The electronics industry is across the globe, especially in key regions such as North America, Asia Pacific and Middle East. This in turn, drives demand for electronic chemicals. PCB laminate, silicon wafer, specialty gases, and wet chemicals are some of the widely used electronic chemicals that are used in a wide number of applications such as computers, electronic circuit, diodes, capacitors, home appliances, and entertainment systems. Asia Pacific contributes the highest share in end user segments for electronic chemicals, which includes China, Japan, Taiwan, South Korea, and India. However, the markets in North America and Europe is expected to witness slower growth rate for the forecast period.

Population explosion in countries such as India and China, along with rapid economic growth in these countries has led to infrastructural development activities. This in turn creates a highly conducive environment for growth of the chemical materials market. Construction chemicals are used to enhance the quality of the structure, which includes resist dry heat, wet climate and fire protection. Various construction chemicals are available in the market, such as concrete admixtures, adhesives, and sealants. Growing urbanization is expected to be one of the key factor for growth in demand for construction chemicals and in turn fueling growth of the chemicals and materials market. North America and Europe markets are expected to witness moderate growth rate, due to stagnant economy of the developed countries. However, the market in Middle East is expected to witness significant growth due to high investment in infrastructure development and abundant raw materials reserves within the region.

Chemicals & Materials Market Challenges – Reduce Environmental Impact

Effective and eco-friendly mode of waste disposal is a key challenge faced by chemicals & materials manufacturing companies. All wastewater, gases, and semi-solid waste can only be disposed to the environment after undergoing a series of treatments. The Ministry of Environment and Forest (MoEF) of India, on December 23, 2010, implemented water prevention and control pollution act 1974 and air prevention and control pollution act 1981. This lays out a stringent regulatory framework for manufacturers and end users regarding production, import, export, and storage of hazardous chemicals & materials. This significantly increases costs associated with production, which in turn affects profitability of manufacturers in this highly competitive market, in turn inhibiting market growth.

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Antimicrobial additives is witnessing escalating acceptance owing to rising awareness regarding increasing number of health related issues as hygiene issues across various emerging economies are becoming more prevalent. Also, with increasing population, the problems associated with the microbial contaminants have been gaining traction as contaminants such as bacteria fungi and algae pose serious threat to human health, construction, food, and packaging industries. Antimicrobial additives aid in controlling the buildup and growth of bacteria on surfaces, such as plastics and metals. The demand for antimicrobial additives has been gaining steady traction, owing to amplifying usage across various end-use industries, spearheaded by the food and beverages industry. In the future, nanotechnology is expected to play an integral role in the antimicrobial additives market, as the technology is expected to pave the way for development of small particles to be used effectively as polymer additives. Moreover, production of plastics with highly efficient antimicrobial and fire retardant properties are projected to impetus on the back of rising usage of nanotechnology,

Antimicrobial Additives Market Taxonomy

On the basis of type of product and services, the global market is classified into:

  • Product Type
    • Inorganic
      • Silver
      • Copper
      • Zinc
    • Organic
      • OBPA
      • DCOIT
      • Triclosan
      • Others

On the basis of application, the global market is classified into:

  • Plastics
  • Paints & Coatings
  • Pulp & Paper
  • Others

On the basis of end-use industry, the global market is classified into:

  • Healthcare
  • Packaging
  • Food & Beverages
  • Construction
  • Automotive
  • Others

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New Product Launches along with Partnerships & Collaborations are the emerging trends in the antimicrobial additives market

Innovative product launches along with increasing partnerships & collaborations are among the emerging trends in the antimicrobial additives market. Companies such as BASF SE and The DOW Chemical Company are focused towards launching new products to sustain in the competitive environment of the market. For instance, in April 2016, BASF SE launched MasterTop TC 417W, a transparent, water-based polyurethane topcoat that has antibacterial activity in lines with the ISO 22196:2011. In May 2015 Dow Microbial Control, a business group of The Dow Chemical Company, launched Antimicrobial to aid in controlling microbial biofilms, bacteria, fungi, and algae.

Antimicrobial Additives Market Outlook – High growth of end-user industries coupled with augmented usage of silver-based products as antimicrobial additives

Growth of end-use industries such as food packaging, consumer foods and pharmaceuticals is in turn propelling growth in demand for antimicrobial additives. Rising demand for plastic packaging in consumer goods and emergence as a replacement to glass and metals in medical ventilators, heart-lung machines is backing the rising demand for antimicrobial additives. Also, amplifying use of silver-based antimicrobial additives owing to its ability to inhibit microbial growth is complementing growth in the market. Increasing demand for silver-based antimicrobial products owing to properties such as non-toxicity, longevity and eco-friendliness is expected to steer growth in the antimicrobial additives market during the forecast period.

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Geographically, Asia-Pacific and MEA region are the key regions in the antimicrobial additives industry. Growing use of antimicrobial additives across the end-user industries such as packaging, healthcare, construction and automotive is the key revenue contributor in these regions. Furthermore, environmental factors such as poor sanitation, air pollution and climatic changes are supplementing rising usage of antimicrobial additives. On the other hand, presence of stringent regulations across various North American countries and increasing fluctuation in the prices of raw materials is expected to inhibit growth of the market. For instance, United States Food and Drug administration regulated the antimicrobial additives under section 409 of Federal Food, Drug, and Cosmetic Act and all other related as the pesticide chemicals under section 408 of the FFDCA. Additionally, fluctuation in prices raw materials such as zinc and copper is inhibiting the growth of antimicrobial additives market. Leading companies in the market include BASF SE, The DOW Chemical Company, Clariant AG, Microban International, Sanitized AG and A. Schulman, Inc.

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Oilfield chemicals find major application in the exploration of natural gas and at various levels of oil & gas production process. Oilfield chemicals are used as corrosion inhibitors, emulsion breakers, cementing super plasticizers, paraffin dispersants, and drilling additives, among others. Oilfield chemicals market continues to witness strong growth as it has led to cost-effective extraction, exploration, and production of oil and natural gas. Oilfield chemicals are regarded as the essential fossil fuel elements as it helps in a feasible way of drilling reservoirs of gas or oil in various terrains along with the easy extraction of abundant fossil fuels until the amount of recovered fuel becomes too expensive to continue.

With the increase in dependency on oil & gas industries, owing to increased domestic oil consumption, upsurge in vehicle parc, growing attention towards building deep sea oil reserves, increased usage of diesel for irrigation purposes due to the weather fluctuations and irregularities of monsoon along with rising air traffic are expected to fuel growth of the global oilfield chemicals market. Oilfield chemicals find major application in drilling activities, owing to increasing need to improve and enhance the efficiency and productivity of drilling operations. For instance, oilfield chemicals are highly used in ensuring protection of the drilling equipment and pipes from corrosion by segregating the oil and water from oil which usually blend together.

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Owing to the unprecedented drop in oil prices globally, the oil and gas exploration and production has slowed down in several regions. This has in turn brought down the rate of drilling activities thereby posing a major restraint for the growth of global oilfield chemicals market. Hence, the supply demand imbalance wherein the supply of oil is expected to continue whereas, the demand for oil is expected to slow down would inhibit growth of the global oilfield chemicals market.

However, drilling fluids is expected to continue to remain the dominant source of demand for global oilfield chemicals market owing to the increasing demand for advanced water-based and high value drilling fluids. Rising exploration of unconventional resources such as shale gas and coalbed methane along with growing interest in deep sea and ultra-deep water projects such as in Western Australia, in 2017, some 200 kilometres off the west coast, the largest floating off-shore production facility is about to begin its operations in Browse LNG Basin, are expected to provide the global oilfield chemicals market to grow in the near future.

Oilfield Chemicals Market Taxonomy

By Type of Oilfield Chemicals

On the basis of type of agent, the global market is classified as:

  • Specialty Surfactants
  • Demulsifiers
  • Rheology Modifiers
  • Inhibitors & Scavengers
  • Friction Reducers
  • Gellants & Viscosifiers
  • Specialty Biocides
  • Others

By Method of Application

On the basis of method of application, the global market is classified as:

  • Drilling fluid
  • Cementing & Additives
  • Well Stimulation
  • Workover & Completion
  • Enhanced Oil Recovery
  • Production Chemicals
  • Others

Most of the oil produced in oilfields has excessive amount of water, which blends in with oil which can lead to corrosion. With an aim to reduce corrosion of pipelines, oil is separated from water through the usage of demulsifiers. Pipeline corrosion in oilfield lead to inefficiency of the oil production. Therefore, corrosion inhibitors are used which work in reaction with corrosion agents such as oxygen to inactivate them. Demulsifiers and corrosion inhibitors are very essential in oilfields as they protect the drilling equipment, containers and pipelines from damages, leakages, and corrosions.

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Oilfield Chemicals Market Outlook - North America is expected to be the most lucrative region for key players

The regional coverage for global oilfield chemicals market include North America, Europe, Asia Pacific and Rest of the World. Rapid growth in the gas and oil production activities in North America represents the highest market share for oilfield chemicals industry. Exploration and production activity has surged 12% and as reported by The North Dakota Industrial Commission since OPEC's agreement, oil and gas operators will be shifting from running minimum number of rigs to incremental increases throughout 2017, so long as oil prices remain above US$ 50 per barrel.

Major players operating in the global oilfield chemical market include Baker Hughes, Akzo Nobel NV, Elementis Plc., NALCO Champion, Newpak Resources Inc., The Lubrizol Corporation, Halliburton Company, Solvay SA and others.

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Sulphuric Acid Market Overview

Sulphuric acid is denoted by the molecular formula H2SO4. It is categorized as a strong mineral acid with high corrosive abilities. The acid is a viscous liquid that is soluble in water, and its color varies from yellow to colorless, depending upon the concentration. The strong mineral mixture depicts varied properties with regards to varied concentrations. The nature of strong acidity enables it to cause corrosion of living tissues and metal surfaces. At high concentrations, it shows different properties including, strong dehydration, oxidization, and hygroscopic.

Elemental sulfur is the most widely used raw material to produce sulphuric acid. While sulphuric acid finds varied application across a broad spectrum of industries, its single largest application is in the production of fertilizers.

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Sulphuric Acid Market Taxonomy

The sulphuric acid market is classified on the basis of the following segments:

  • Raw Material Type
    • Pyrite ore
    • Elemental Sulfur
    • Base metal smelters
    • Others (from oil & petroleum refineries)
  • Application
    • Fertilizers
    • Pulp & Paper
    • Textile industry
    • Chemical manufacturing
    • Metal processing
    • Automotive
    • Petroleum refining
    • Others (industrial cleaning agent, drugs & medicines, wastewater treatment, electronics industry)

Prevalent Scenario in Sulphuric Acid Market

Sulphuric acid is utilized to manufacture phosphoric acid. This phosphoric acid is later employed for the production phosphate fertilizers including, ammonium phosphates and calcium dihyrogenphosphate. Increasing demand for fertilizers owing to rising agricultural activities is anticipated to positively drive the growth over the forecast period. Sulphuric acid is used in manufacturing a number of chemicals including, nitric acid, hydrochloric acid, ammonium sulphate, and aluminum sulphate. The growing demand for industrial chemicals for manufacturing various commercial products is projected to propel growth of the market over the next few years. Sulphuric acid is utilized for pH adjustment, oil splitting and generation of chlorine dioxide in paper & pulp industry. Rapid growth in paper & pulp is projected to aid growth of the market over the foreseeable future.

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The acid, when at high concentration causes serious damage to human beings and can lead to skin irritation and even permanent blindness. Owing to hazardous effects of the strong acidic mixture, it is often subjected to strict governmental regulations. The American Conference of Governmental Industrial Hygienists (ACGIH), has categorized the acid as a carcinogen. The U.S. Environmental Protection Agency (EPA), has listed sulphuric acid as a toxic chemical. The Occupational Safety and Health Administration (OSHA 1998), has laid down guidelines for the permissible exposure limit (PEL), of the sulphuric acid to 1mg/m3. These regulations govern use of the strong acidic mixture in end-use applications and also the raw materials utilized to produce it. These stringent regulations coupled with the high raw material prices, are expected to hinder the growth of the market over the forecast period. North America and Europe are expected to account for the largest share in the market, on account of presence of major players in the region. The region of Central & South America is projected to witness a steady growth in its market share owing to the rapid industrialization in the region. Asia Pacific is projected to experience the fastest growth owing to burgeoning growth of various end-use industries in emerging economies such as China and India. Sulphuric acid is used in the most common hydrometallurgical processes to leach the ores in order to extract metals. Countries including South Korea and Japan, have a large number of metal smelters, and thus are anticipated to contribute towards the market growth in the near future.

Fragmented Market

The global market is highly fragmented due to the participation of many established and emerging players in the market. Major players involved in the market include PVS Chemical Solution and Phelps Dodge, CF Industries, The Mosaic, AkzoNobel N.V., Agrium Inc., Rhodia, Langeloth International, Honeywell International, Bayer AG, DuPont de Nemours & Co., Potash Corp (PCS Phosphate), Chevron Corporation, Lucite International, Chemtrade Logistics, Southern States Chemical, Climax Molybdenum Co., Big River Zinc Sauget, Cytec Industries, Tampa Electric, Solvay S.A., Evonik Industries, Chemtrade Refinery Services, BP Valero Energy, and The Doe Run.

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Cellulose is an organic compound which is built from polysaccharide and is present in plants. It is a natural long-chain polymer that has multipurpose uses in various industries such as veterinary foods, wood and paper, cosmetic, fibers, clothes, and pharmaceutical industries. Pure cellulose is available in various forms with very different pharmaceutical and mechanical properties. The difference is related to size, shape and degree of crystallinity of the particles. Cellulose derivatives are water-soluble compounds that exhibit semisynthetic nature. Cellulose derivatives are used in bioadhesive and mucoadhesive drug delivery systems in the pharmaceuticals industry.

Cellulose ethers and cellulose esters are two main types of cellulose derivatives exhibiting different mechanical and physicochemical properties. These polymers are mostly used in the healthcare products and formulation of dosage forms. Cellulose derivatives offer characteristics such as high lubricity, thickening, water retention, binding, and film formation. This has led to increase in consumption of cellulose derivatives in mining, construction paper, and personal care industries.

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Cellulose Derivative Market Taxonomy

On the basis of type of product type global market is classified into:

  • Methyl Cellulose (MC)
  • Hydroxypropyl Methylcellulose (HPMC)
  • Ethyl Cellulose (EC)
  • Hydroxymethyl Methylcellulose (HMC)
  • Hydroxyethyl Cellulose (HEC)
  • Carboxymethyl Cellulose (CMC)
  • Hydroxypropyl Cellulose (HPC)

On the basis of application, the global market is segmented into:

  • Paints & Coatings
  • Drilling Fluids
  • Wall coatings
  • Construction
  • Foods & Beverages
  • Mining
  • Pharmaceuticals
  • Personal Care
  • Paper

On the basis of grades, the global market is segmented into:

  • Industrial grade
  • Food grade
  • Pharmaceutical grade

In the pharmaceuticals industry, cellulose derivatives are used in extended release formulations, osmotic drug delivery systems, enteric coated solid dosage forms, compressibility enhancers, and numerous other applications. Methyl cellulose derivative offers excellent water retention and efficient thickening properties. Owing to these properties, it is widely used in personal care products such as shampoos, liquid soaps, and toothpastes. This in turn, has led to increase in consumption of cellulose derivatives in the personal care industry. Hydroxyethyl cellulose products are extensively used in latex paints, oilfield chemicals, and building materials as they show pseudo plastic solution behavior, resist salts, and form films. Carboxymethyl cellulose is used in viscosity modification or thickening, has excellent water holding capacity and stabilize emulsions in various products such as ice cream.

Cellulose Derivative Market Outlook – Numerous Applications in the Pharmaceutical Industry Expected to Fuel Demand

Increasing consumption of cellulose derivatives for manufacture of pharmaceuticals to fulfill demand of advanced drugs such as acyclovir and its growing use in the personal care industry is a major factor fueling growth of cellulose derivative market.  Asia Pacific is expected to be the most potential market for the cellulose derivatives manufacturers. This is mainly attributed to robust growth of major end-use industries such as automotive, pharmaceuticals and personal care products industries in the region.

Fluctuating prices of raw material such as high grade cotton, which is used in the production of high purity cellulose derivatives is expected to be one of the restraining factors for the growth of cellulose derivative market over the forecast period. Mergers and acquisitions, innovative product portfolio such as Culminal and Combizell methylcellulose derivatives by Ashland Specialty Chemicals are some of the key strategies adopted by the top players to maintain their position in the market. Some of the companies operating in the global cellulose derivative market AkzoNobel Performance Additives, China RuiTai International Holdings Co., Ltd., The Dow Chemical Company, CP Kelco, SE Tylose GmbH & Co. KG, Ashland Specialty Chemicals, Lotte Chemicals, Shin-Etsu Chemical Co., Ltd. 

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Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements. They are also used for improving pavement performance through reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility.

Cold mix asphalt is manufactured by adding a special category of emulsified asphalt with aggregates. The emulsion used reduces the viscosity of the asphalt, thus making it workable even at cold temperatures. Cold mix asphalt is premixed and stored for a long duration, thus making it an ideal product for road repairs and various other low-volume uses and is mixed and applied at lower temperatures as compared to conventional hot mix. Cold mix asphalt also has various environmental benefits such as low-temperature mixing resulting in reduced fuel consumption and resulting fumes. The production of cold mix asphalt is relatively eco-friendly, with very low associated emissions.

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Asphalt Additives Market Taxonomy

On the basis of product type, the global market is segmented into:

  • Polymeric modifiers
  • Chemical modifiers
  • Adhesion promoters
  • Anti-strip
  • Emulsifiers

On the basis of function, the global market is classified into:

  • Warm mix
  • Cold mix
  • Hot mix

On the basis of application, the global market is classified into:

  • Roads and Infrastructure
  • Construction
  • Paving

In construction industry, asphalt derivatives are used in formulating mortar admixtures and concrete. They also find application in manufacturing of gypsum, cement plasterboard and asphalt emulsions. Various asphalt additives used in the construction industry include foaming agents, dispersants, defoamers, grinding aids, accelerators and air entrainers. Asphalt additives are used for both, new construction as well as maintenance activities, with the former being the largest application area.

Asphalt Additives Market Outlook – Need for Increasing Road Infrastructure to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Development of roads and infrastructure is one of the major factors contributing to the growth of geotextile market. Asia Pacific is one of the major contributors in the geotextile market globally. Rapidly flourishing urbanization has led to the increase in the requirement of new roads and modern infrastructure. This trend is expected to be followed over the forecast period. According to IBEF India has the second largest road network in the world and is expected to reach total revenue of USD 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. This mainly attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.

Reusable applications of asphalt additives are fueling the demand for asphalt additives, especially in Asia Pacific and Middle East regions. Expansion in various geographies is a key strategy adopted by the major players in the asphalt additives market. IN September 2015, CalPortland completed expansion of the business in California which will add to the manufacturing capacity of the company.  Some of the major companies operating in the global asphalt additives industry include CalPortland, AkzoNobel N.V., Tri-Chem Industries, Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, Kao Corporation, Honeywell International Inc., ArrMaz, and The Arkema Group.

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Salicylic Acid Market Overview

Salicylic acid is an organic white crystalline solid which is highly soluble in water. It is derived from the metabolism of Salicin, which is an anti-inflammatory agent extracted from willow bark. Salicylic acid is produced naturally from certain plants and can also be produced synthetically. It can be produced naturally through a biosynthesis process of phenylalanine—an amino acid found in certain plants. Salicylic acid is produced synthetically by treating sodium phenolate, at high pressure and high temperature, with carbon dioxide to yield sodium salicylate, which is later acidified using sulfuric acid to yield salicylic acid. Salicylic acid is a multifunctional ingredient that has pain relieving and anti-inflammatory properties. It is mainly used in manufacturing aspirin and other personal care products. Consumption of aspirin is increasing in emerging economies of Asia Pacific, which has resulted in growth of salicylic acid market at an annual growth rate of 8% in the recent past.

Global Salicylic Acid Market Taxonomy

The global Salicylic Acid market is classified on the basis of the following segments:

  • Application
    • Pharmaceuticals
      • Wart remover
      • Disinfectant
      • Antifungal
      • Dentifrices
      • Antiseptic
      • Anti-irritant
      • Scale lifter
      • Ointment
    • Skincare
      • Moisturizer
      • Sunscreen
      • Acne solution
    • Hair care
      • Conditioner
      • Shampoo
    • Food preservatives

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Prevalent Scenario in Salicylic Acid Market

Growing consumer awareness about the health benefits of salicylic acid-based skincare and hair care products is a major factor fueling growth of the global salicylic market. The hair care and skincare products offered by the manufacturers are in line with the current trends of products offering various medical benefits such as dandruff removal, hair fall, acne, psoriasis, or other skin diseases. Salicylic acid is a widely used commercial chemical and forms an important component of aspirin. The rise in human infectious diseases has resulted in large populations suffering from common fever, cough, and cold, which inadvertently fuels demand for aspirin as a pain killer. This has in turn resulted in increasing demand for salicylic acid. Apart from its use in aspirin, salicylic acid is also used as a key additive in variety of pharmaceutical products such as drugs, lotions, and ointments. Salicylic acid is incorporated into wide range of pharmaceutical, personal care, and food applications and thus, manufacturers need to comply with stringent regulations implemented by various international and local regulatory bodies, especially in U.S. and Europe. Due to an increase in Gross Domestic Products (GDP) of these regions, the global cosmetics industry has been growing by an average of 4.5% over the last 20 years. Thus, the expansion of salicylic acid market is greatly influenced by the increasing demand from North America and Europe regions. Salicylic acid is also used in a wide range of food processing applications to prevent spoilage of packaged food products and fermentation.

Safety of cosmetics is a major concern, as the ingredients used in manufacturing the cosmetic products can have adverse health effects and can result into severe dryness, skin blistering, and skin irritation. As the cosmetics industry is expanding, there increasing number studies carried on safety of these products and are regulated by related authorities. The ever-changing and evolving regulatory scenario results in high costs for research and development in order to ensure compliance. This hampers growth of the market to a certain extent. Rising consumer awareness about the harmful effects of beauty ingredients is driving the consumer demand for naturally derived products from grapes, rosemary, thyme, and tree oil as an alternative.

Fragmented Market

The Global Salicylic Acid market is highly fragmented due to the participation of many established and emerging players in the digital genome market. Major players involved in the market include Alfa Aesar (U.K.), Alta Laboratories Ltd. (India), Hebei Jingye Group (China), JM Loveridge Limited (U.K.), Novacap (France), Shadong Xinhua Longxin Chemical Co., Ltd. (China), Siddharth Carbochem Products Ltd. (India), Simco Chemical Inc. (Canada), Zhenjiang Gaopeng Pharmaceutical Co., Ltd. (China).

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Glass mat thermoplastic consists of glass fiber and thermoplastic that are blended together to produce intermediary compound. These are further reinforced using long fibers with glass mat technology. The glass mat thermoplastic material has numerous advantages such as elasticity, impact resistance, resistance to corrosion, durability, and can prove as an alternative to metals such as aluminum and steel, which are comparatively heavier. Glass mat thermoplastic is witnessing increased acceptance owing to increase in use of lightweight materials in automotive, electrical and electronics, and aerospace industries, among others. Automotive industry is one of the major contributors to increase in demand of lightweight and durable materials.

Glass mat thermoplastics provide high innovation potential with respect to material properties, production, processing and ecological demands. Complex parts can be produced in automotive and aerospace industries from glass mat thermoplastic by integrating functional elements, which results in reduction of assembly costs. Metals such aluminum and iron when replaced with glass mat thermoplastic reduce the overall weight of the structure. Due to its lightweight property and durability, the use of glass mat thermoplastic has increased significantly in the electrical and electronics industry.

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Glass Mat Thermoplastic Market Taxonomy

On the basis of product type, the global market is classified into:

  • Traditional glass mat thermoplastic
  • Advanced glass mat thermoplastic

On the basis of raw materials, the global market is classified into:

  • Thermoplastic polyester (TPP)
  • Polypropylene (PP)
  • Polyamide (PA)

On the basis of application, the global market is classified into:

  • Aerospace and Defense
  • Consumer goods
  • Electrical and Electronics
  • Automotive
  • Transportation

The automotive industry is one of the largest end users of glass mat thermoplastics. In automotive industry, glass mat thermoplastic is widely used as underbody shields, front ends and seat structures. In addition to this, government guidelines for technical rules include DIN standard in countries such as Germany, recyclability, and ease of processing are some of the driving factors that boost the growth of glass mat thermoplastic market. The use of glass mat thermoplastic has increased rapidly in the consumer goods industry mainly due to its ease of recycling. Glass mat thermoplastics can be easily molded into complex geometries, without compromising on structural integrity. This property is especially beneficial in the aerospace Industry, which has emerged as a major end-use industry for glass mat thermoplastics in recent years.

Glass Mat Thermoplastic Market Outlook – Increasing Demand for Lightweight Materials to be the Major Market Driver  

Asia Pacific and North America are the largest markets for glass mat thermoplastics, Asia Pacific poised to be the fastest growing market over the forecast period. This is mainly attributed to the anticipated growth of various end-use industries such as automotive and electronics, especially in emerging economies such as China and India. According to India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the automotive industry in India is expected to be valued at US$ 300 billion by 2026. In addition to this, rapidly increasing focus on lightweight thermoplastic composites in the automobile sector is expected to augment demand for glass mat thermoplastics. On the other hand, Europe also provides lucrative opportunities for glass mat thermoplastic manufacturers due to increasing demand for lightweight material in the thriving aerospace, automobile, electrical, and electronic industries in the region.

High price is expected to be one of the restraining factors for the growth of glass mat thermoplastic market over the forecast period. This is mainly attributed by the complex process involved in production of glass mat thermoplastics. However, constant research and development to find an alternative manufacturing process for reduction in manufacturing cost is a key strategy adopted by major players. Some of the major companies operating in the global glass mat thermoplastic market include Cytec Solvay Group, BASF SE, Royal DSM, Quadrant Plastic Composites, and Hanwha Advanced Materials.

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Smart coatings are specially designed films that have predefined characteristics, which enable them to sense and respond to various external and internal situations. Smart coatings are manufactured from programmable materials with various physical, chemical, mechanical and electrical properties. These materials have the ability to respond to variations in light, pressure, heat, and chemical factors. Smart coatings are also used in transportation industry as anti-biofouling agents, which results in prolonged asset life, reduced corrosion damage, and maintenance costs.

Increasing demand for customization in sensing and repair abilities has led to the growth of smart coatings market in military and automotive industry. Smart coatings can improve a system’s efficiency by reducing inspection times, equipment downtime and maintenance costs. The outcomes of using smart coating also include a reduced necessity for maintenance of corroded areas coupled with prolonging the life of components and assemblies prepared from corrosive materials.

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Smart Coatings Market Taxonomy

On the basis of type of sensing, the global market is classified into:

  • Ionic strength
  • pH
  • Temperature pressure
  • Surface tension
  • Magnetic field
  • Mechanical forces

On the basis of product type, the global market is classified into:

  • Self-heating
  • Self-healing
  • Anti-corrosion

On the basis of number of layers, the global market is classified into:

  • Single layer
  • Multi-layer

On the basis of end-use industry, the global market is segmented into:

  • Construction
  • Military
  • Healthcare
  • Automotive
  • Aerospace
  • Consumer electronics

In healthcare industry, smart coatings are used as microbial coatings for preventing diseases. Anti-corrosion coatings are used in sensing causes of corrosion and corrosion inhibition.  This is achieved by enabling pH activated release of self-healing capability and triggering multifunctional microcapsules in smart coatings. Self-healing coatings are used in the aerospace and automotive industry to repair scratches and detect damages in engines. Smart coatings are also used in cellphones and computers for protection against scratches and improving the resistance against chemical effects and dirt. In healthcare industry smart coatings are used in drug delivery agents.

Smart Coatings Market Outlook – Requisite for Robust Materials for Artificial Intelligence Expected to Boost Demand

Increasing demand for improved products in the automotive, military and aerospace industry is one of the major factors boosting growth of smart coatings market. Asia Pacific is one of the major contributors in the smart coatings market globally. This is mainly attributed to the booming automotive industry and increasing investments in defense activities in emerging economies such as India and China. The total defense budget of India was US$ 34.53 billion and government initiatives such as ‘Make in India’ is expected to fuel growth of manufacturing units in the country. The defense manufacturing unit of Make in India has numerous foreign investors such as Airbus, Pilatus, BAE India Systems, Raytheon, Lockheed Martin, Boeing India, Israel Aerospace Industries, Rafael Advanced Defense Systems Ltd. and Dassault Aviation SA.

High price is one of the restraining factors for the smart coatings market globally. Developing a wide array of products to meet the current demand is one of the key strategies adopted by the major market players in the smart coatings industry. Research and development is carried on to manufacture smart coatings which will generate protectable intellectual property (IP) and this will increase the area of application of smart coating. Smart coatings are also being developed for application as oil-filtering materials, which will provide complete separation of oil and water in an oil rig. Some of the companies operating in the global smart coatings market are Balcony Systems Solutions Ltd, Nanoshell, Research Frontiers, Inc., New Energy technologies, Cima Nano tech., Ancatt Inc., and Debiotech SA.

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Spandex, also known as polyurethane-polyurea copolymer, is a fiber in which the fiber forming substance is in the form of a long-chain synthetic polymer consisting of at least 85% of segmented polyurethane. Spandex is produced by solution dry-spinning in which the fabric is produced from a plastic-like compound. After chemically processing the component polymer solvent, the solution is injected into a high-speed spinning cylinder. The solution is spun with the help of a cylinder. In the alter stage the polymer passes through a spinneret: a metal mesh. After heating the polymer solution it solidifies fibrous “pre-spandex” strands. These strands are further processed which forms the final product spandex.

Spandex has unique characteristics which include extremely stretchable nature, lightweight and durable, resistant to deterioration by lotions, body oils, perspiration and detergents, high resistance to abrasion, heat settable, and is available in a variety of colors and structures. Spandex is widely used in hosiery, ski pants, aerobic/exercise wear, disposable diaper, waist bands, swimsuits, golf jackets, bra straps, and bra side panels.

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Spandex Market Taxonomy

On the basis of type of production method, the global market is classified into:

  • Solution wet spinning
  • Solution dry spinning
  • Reaction spinning
  • Melt extrusion

On the basis of end-use industry, the global market is segmented into:

  • Healthcare
  • Automotive
  • Textile

In textile industry, spandex is used for compression garments such as surgical hose, bicycle pants, support hose, and foundation garments. Spandex is also used in the production of chair coverings and table coverings. In healthcare industry, spandex is used in knee and back braces and in the rubber tubing.  Spandex is widely used in sports apparel, volleyballs and soccer balls, owing to properties such as high stretchablity and extremely durable nature. In automotive industry, spandex is used in the production of door panel fabrics and other internal décor applications owing to its scratch proof surface and opaque luster.

Spandex Market Outlook – Need for Durable Materials Expected to Boost Demand

Extremely elastic and more durable nature as compared to rubber has boosted the growth of spandex market globally. Asia Pacific is expected to be the most potential market for spandex manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing automotive and textile industry in developing countries such as India and China has propelled the growth of spandex market in the region. According to IBEF, the Indian textile industry contributed revenue of US$ 40 billion in 2016. In addition to this, the Indian government has allowed 100 percent Foreign Direct Investment in the Textile sector which will boost the growth of textile industry in the region. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.

Fluctuating prices of raw material is expected to be one of the restraining factors for the growth of spandex market over the forecast period. Expansions in different geographies and diversification of product portfolio are few strategies adopted by the top players in the spandex market. The introduction of bio based spandex is also one of the important strategies for the new entrants in the spandex market. In 2016, Hyosung Corporation, a leading Spandex producer expanded its Turkey facility to increase the supply of spandex in European and Middle East markets. This expansion included an investment of US$ 27 million and increase in production by 5 thousand tons. Some of the companies operating in the global spandex industry are Hyosung Corporation, Acelon Chemical and Fiber Corporation, Du Pont, Teijin Ltd., Investa, Asahi Kasei Corporation, Far Eastern New Century Corporation, and Toray Industries.

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Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as machining, injection and extrusion. It is widely used in coatings, lithium-ion batteries and photovoltaic films.

Polyvinylidene fluoride hoses, pipes and tubes are used in the automobile fuel systems owing to the properties such as impermeable nature and chemical resistivity. In addition to this, PVDF fittings are also used in household and commercial buildings. This has rapidly increased consumption of polyvinylidene fluoride and boosted growth of the PVDF market over the last few years. Polyvinylidene fluoride membranes are highly preferred in various processes, including corrosive chemicals for pumps, manufacturing equipment and transportation containers due to excellent chemical resistance and freedom of operability at elevated temperatures.

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Polyvinylidene Fluoride Market Taxonomy

On the basis of application, the global market is classified into:

  • Pipes
  • Fittings
  • Coatings
  • Sheets
  • Tubes
  • Films
  • Powder
  • Membranes
  • Cables

On the basis of product type, the global market is classified into:

  • Alpha
  • Beta
  • Gamma
  • Delta

On the basis of end use industry, the global market is segmented into:

  • Oil & Gas
  • Chemical processing
  • New energies
  • Construction

Polyvinylidene fluoride is used in oil & gas industry due to the enhanced properties such as low permeation, low surface energy, non-sticky and non-flammable nature, excellent chemical resistance, excellent aging, environmental stress crack resistance, consistent mechanical behavior over time and superior ductility /flexibility at low temperatures. Polyvinylidene fluoride coatings provide excellent chemical resistance at elevated temperature range. PVDF films are used for windmills which provide better resistance to tough environmental conditions and lower friction for turbine generators and windmill blades.

Polyvinylidene Fluoride Market Outlook – Increasing Demand for Durable and Light Weight Materials to Fuel Market Growth

Extensive use of polyvinylidene fluoride in the chemical processing, construction and oil & gas industry has led to rapid increase in the consumption of PVDF. This has amplified the growth of polyvinylidene fluoride market over the last few years. Asia Pacific is projected to be one of the major contributors to the polyvinylidene fluoride market. This is mainly attributed to rapidly growing urbanization coupled with increasing demand for advanced thermo plastic products in the region. In 2015, demand for plastic in China rose by 10% as compared to the previous year. Also, India has a well-established base for raw materials required for the plastic industry. This has attracted many polyvinylidene fluoride manufacturers to establish manufacturing units in the region. This trend is expected to be followed over the forecast period.

Volatile price of polyvinylidene fluoride resin is one of the growth inhibitor for polyvinylidene fluoride market. Expansion in various geographies is one of the key strategies followed by the top players to maintain their position in the extensive use of polyvinylidene fluoride in the chemical processing, construction and oil & gas industries has in turn led to rapid growth of PVDF market over the last few years. Some of the major companies operating in the global polyvinylidene fluoride market are Daikin Industries ltd, Zhuzhou Hongda Polymer Materials Co. Ltd., (Japan), Shanghai 3F New Materials Company Limited, Kureha Corporation, Quadrant Engineering Plastics Products, Solvay S.A., Shanghai Ofluorine Chemical Technology Co. ltd., Dyneon GmbH and Zhejiang Fotech International Co. Ltd.

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Polyacrylamide is made up of acrylamide monomer and is water-soluble. It increases the viscosity of water and facilitates the flocculation of particles present in water.

Polyacrylamide is used for water treatment and sludge dewatering of municipal wastewater, industrial wastewater, potable water treatment, air flotation, and primary settling. The wide use of polyacrylamide in wastewater treatment has fueled growth of polyacrylamide market globally. Polyacrylamide supports are usually gelatinous in appearance and soft in nature. They also exhibit low nonspecific binding character toward biomolecules, buffer stability, good pH and owing to totally synthetic nature, are resistant to microbial growth

Anionic polyacrylamide appear as white powder and have a molecular weight ranging from 6 to 25 million water soluble. This enables it to be dissolved in water in any proportion and insoluble in organic solvents. Characteristics include effective PH range of 7-14, high-polymer electrolyte, and electrolyte salt sensitive. Polyacrylamide gel electrophoresis is suitable for separation of molecules by size and can be applied in different systems subject to the sample and downstream applications. Polyacrylamide gels thinner than agarose gels are poured between glass plates. This facilitates resolving power albeit, allowing the investigator with the separation of nucleic acid molecules above a much larger size range.

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Polyacrylamide Market Taxonomy

On the basis of type of material, the global market is classified into:

  • Anionic
  • Cationic
  • Non-ionic

On the basis of end-use industry, the global market is segmented into:

  • Mineral Processing
  • Wastewater treatment
  • Pulp and Paper
  • Oil recovery

In mineral processing, polyacrylamide is used for settlement/clarification of fine coal slurry in the thickening vessels, enhancement of solid-liquid separation coal with the help of filtration/centrifugation, settlement/clarification of the waste slurry and enhancement of solid-liquid separation of the tailings. In the paper and pulp industry, polyacrylamide is used as retention agent, dry strength agents and for filter aid. This has resulted in improved paper quality, enhanced physical strength of paper and reduced fiber loss. Drilling fluid additives, waste mud dewatering, enhanced oil recovery, oily water clarification, scale inhibition and as a drag reduced agent

Polyacrylamide Market Outlook – Rapid growth of Water treatment Market to Augment Demand for Polyacrylamide

Excellent flocculating and coagulating properties has rapidly increased consumption of polyacrylamide in wastewater treatment. Asia Pacific is expected to be the most potential market for polyacrylamide manufacturers. This is attributed to booming mining industry in emerging economies such as India and China. According to IBEF, in 2015, India produced 91.46 million tons (MT) of finished steel and is the third-largest steel producer in the world. Rapidly increasing urbanization and allied sectors have caused a surge in mining activities and boosted the growth of polyacrylamide market. India Brand Equity Foundation (IBEF) is a Trust founded by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the aim of promoting and creating international awareness of goods manufactured in India.

Fluctuating prices of raw material such as acrylonitrile is expected to be one of the restraining factors for growth of synthetic rope market over the forecast period. Mergers and expansions is one of the key strategies adopted by the top players in the polyacrylamide market to maintain their position. In April 2016, BASF SE set up a new bio-acrylamide manufacturing facility in Bradford. This will complement the company’s product portfolio of polyacrylamide with improved supply reliability and operational efficiency. Some of the major companies operating in the global polyacrylamide market are Shandong Shuiheng Chemical Co., Ltd., The Dow Chemical Company, Kemira, Ashland Inc., BASF SE, Beijing Heng- Chemical Group Co., Ltd., Shandong Zibo East Polymer Co., Ltd., Group, and Xitao Polymer Co., Ltd.

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Radiation curable coatings consist of polymer coatings, treated either by ultraviolet or by electron beam radiation and are used for a variety of materials such as wood, glass, plastic, metal and paper. Radiation curable formulations are used in coatings, inks, adhesives, and electronics. The radiation-cured coating process includes smearing a low-viscosity mixture consisting of reactive materials and additives onto a substrate. This mixture is then exposed to ultraviolet radiation energy or an electron beam for small periods of time. Once exposed to the radiation, the mixture gets converted instantly into a cross-linked high-quality coating. The energy required for radiation curing is gained from particular short-wave radiation sources.

Radiation curable coatings have numerous advantages, which include low energy costs, fast curing, and superior surface properties such as improved corrosion protection for metals. Household uses of radiation curable coating include ovens, microwaves, refrigerators, dishwashers, cans, and other packaging. Factors boosting growth of radiation curable coating market include low volatile organic compound (VOC), low energy consumption, rapid curing & drying, consistent coating quality, superior hardness, and abrasion resistance.

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Radiation Curable Coating Market Taxonomy

On the basis of type of material, the global market is classified into:

  • Monomers
  • Oligomers
  • Additives
  • Photoinitiators

On the basis of curing technique, the global market is classified into:

  • Electron Beam Curing
  • Ultraviolet Curing

 On the basis of end-use industry, the global market is segmented into:

  • Wood Plastics
  • Printing inks
  • Electronics
  • Paper and film coatings

In radiation curable coatings, visible light, UV energy, low energy electrons (EB) are used to form a film, ink or coating as conflicting to thermal, evaporative, or oxidative (air-dry) cure. In electronics industry, radiation curable coatings are widely used in semiconductors, cellular phones and hardware for internet connectivity, owing to properties such as high-performance, protection, anti-corrosive and rapid curing abilities. They are also used in use in insulation of non-magnet wire, magnet wire, and cable applications.

Radiation Curable Coating Market Outlook – Increasing Safety Concerns and Hazard Prevention Expected to Fuel the Demand

Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. High growth in the regional market is attributed to increasing population coupled with growth in the consumer goods and coatings market in emerging economies such as India and China. According to IBEF, the revenue generated by consumer goods in India was US$ 11.1 billion in 2015-2016. This trend is expected to be followed in future. India Brand Equity Foundation (IBEF) is a Trust founded by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the aim of promoting and creating international awareness of goods manufactured in India.

High price of raw materials for radiation curable coating is expected to be one of the restraining factors for the growth of radiation curable coating market over the forecast period. Innovation in products and expansions in different geographies are some of the key strategies adopted by the top players in the radiation curable coating industry. Research is in process for the use of radiation curable coating in Stereolithography. In this process three-dimensional parts are created from photosensitive resins. In addition to this, UV-LED curing which will offer distinct advantages such as long life time, cooler operating conditions and less of a gradual drop off in energy is being developed. Some of the major companies operating in the global radiation curable coating market are Royal DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE, and Sartomar.

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Phosphor Screen Scanner Overview:

Phosphor screen scanner is a replacement for long-standing X-ray films. Phosphor screen scanner is a system for scanning an imaging plate. Using phosphor screen scanner, micro objects, biological material or substances can be directly scanned, viewed, and observed. As phosphor screen scanner allows direct in-depth visualization, it eradicates the need to develop a specific film by using chemicals or different scanning methods for observation purpose, like in other radio imaging methods. Phosphor screen scanner has various applications in autoradiography and medical diagnostics. Different types of phosphor screens are used depending on the application and specific requirement. Increasing application in various medical diagnostics are expected to lead to increasing adoption of phosphor screen scanners in rapidly expanding medical industry over the following decade.

Market Dynamics Global Phosphor Screen Scanner Market:

Technological advancements and versatile applications of phosphor screen scanner devices make it a very lucrative value proposition

Increasing application and popularity of phosphor screen scanners in autoradiography and medical diagnostics application are factors fueling growth of the global phosphor screen scanner market. Phosphor screen scanner combines application of two technologies namely spectrophotometry and autoradiography, and thus saves time. It is also highly sensitivity and offers high accuracy of quantitative data. These factors are driving medical professional’s attraction towards use of phosphor screen scanner, in turn driving growth of the related market. Phosphor screen scanners require less space are portable. Thus, growing need for diagnostics for various medical conditions creates a vastly conducive market for phosphor screen scanners in the medical industry. Versatile properties of phosphor screen scanners are increasing their uptake among researchers, as it offers accurate results for high energy isotopes and accurately detects low activity samples as compared to conventional technologies. This is expected to support growth of the global market. The growth of the veterinary healthcare industry is another major factor driving demand for phosphor screen scanners in veterinary medical applications, which includes intra-oral scanning devices and CR scanners, among others. Owing to various technological advancements and innovations in the field of medical devices, the phosphor screen scanner market is projected to show significant growth over the following decade.

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Future Outlook of the Global Phosphor Screen Scanner Market:

Manufacturers are focused on product innovation and R&D to tap into upcoming market opportunities

Advancements in technology and R&D activities by market players is another trend boosting growth of the global phosphor screen scanner market. For instance, in 2014, Smartmatic International Corporation, registered a patent application for handheld phosphor screen scanner under the title; Portable apparatus for biometric and biographic data collection, storage and delivery, and method therefor. These aforementioned factors suggest that in order to tap into lucrative opportunities in the global phosphor screen scanner industry, manufacturers are expected to focus on product innovation and technological advancements through investments in research.

Phosphor Screen Scanner Market Segmentation and Regional Outlook:

On the basis of screen types, the global market can be classified into general purpose screens and tritium screen types. General phosphors screen types are generally screen of choice used in phosphor screen scanners for northern blots, western blots, southern blots etc. Tritium phosphor screen types are used in detection of weak energy signals. Phosphor screen scanners are also segmented on the basis of applications, which include medical diagnostics, pharmaceutical research, and industrial applications.

The global market is also been classified and studied on the basis of regions. The regional classification includes North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. Asia Pacific market is expected to witness rapid growth due to growing medical diagnostic industry and rising awareness about phosphor screen scanner applications and advanced features.

Phosphor screen Scanner Market Competition Landscape:

Increasing applications and technological advancements in the medical devices field, as well as rising awareness about phosphor screen scanner advanced applications, offers a significant opportunity for product innovations and expansion to manufacturers in the near future. Manufacturers are focusing on tapping new opportunities and fulfilling market demand through product innovations. Few dominant players in the global phosphor screen scanner market include, Owandy, Examion, Apixia Inc, Soredex, GE Health Care, Konica Minolta, AGFA Healthcare, Philips Healthcare, 3Disc Imaging, 3D Systems, Durr NDT etc. These organizations also emphasize on strategies such as expansions, partnerships, and new product launches to retain a dominant position in the global phosphor screen scanning market.

Detail analysis of Global Phosphor Screen Scanner Market includes:

Market segmentation

By Screen Type:

  • General purpose screens; are reliable for a wide variety of applications, this is the screen of choice for Northern blots, Western blots, Southern blots, and gels. This screen type founds applications in medical diagnostics devices for dental diagnostics as well as for x-ray replacement.
  • Tritium screen; used to detect the weak energy signals thus used in devices where detailed biological material observation is needed such as in phosphor screen scanners for mammography.

By Applications:

  • Medical Diagnostics: application in medical devices used for oral, dental, mammography diagnostics etc.
  • Pharmaceutical Research: In the research to read low biological activity and enzyme kinetics studies as well as in educational research institutes etc.
  • Other Industrial Applications: Applications in radiology industry, in the manufacturing of various advanced electronic devices etc.

By Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Regions are further divided into countries and country level market analysis is studied with prominent trends, drivers, and growth factors.

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An unsaturated polyester resin is an essential polymer required for production of composite materials, including mainly glass fibre–reinforced plastics (FRP). FRP composites have a prominent application in various industries such as construction, land transport, and marine. Non-reinforced unsaturated polyester resins are used to manufacture solid-surfaced countertops, marbles, automotive repair putty and ?ller, gel coats, and few other items such as bowling balls and buttons.

The global unsaturated polyester resins market growth is primarily driven by factors such as increasing demand for composite demand owing to its light weight, superior durability, and low cost. Unsaturated polyester resins are extensively used in various industries to improve thermal, flexure composites mechanical, and morphological attributes. Unsaturated polyester resins are widely used in construction industry in water management systems such as tanks and pipes. Moreover, increasing flexibility and high corrosion resistance properties are expected to fuel growth of the global market during the forecast period (2016-2024). Unsaturated polyester resins also find application in building panels, concrete forming pans, concrete rebar, doors, shower stalls, electrical boxes, and floor grafting. Unsaturated polyester resins are also used in manufacturing recreational products such as sailboats, powerboats, personal watercraft, and kayaks. Increasing demand generated by the recreational industry in terms of enhancing consumer lifestyle is expected to elevate the demand for market over the forecast period. In addition, the unsaturated polyester resins are broadly used in automobile component manufacturing such as body panels due to its light weight property. However, stringent regulations laid down by DOE, EPA, and ANSI pertaining to product storage and product exposure is expected to be a major restraint for growth of the global unsaturated polyester resins market.

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Global Unsaturated Polyester Resins: Market Taxonomy

By Product Type

On the basis of product type, the global market is classified into:

  • Orthophthalic Polyesters
  • Isophthalic Polyesters
  • Dicyclopentadiene (DCPD)
  • Others (Terephthalic Acid, Gelcoat Resins, etc.)

By End-User Industry

On the basis of end-user industry, the global market is segregated as:

  • Marine
  • Building Construction
  • Transportation
  • Electrical & Electronics
  • Power Generation
  • Oil & Gas
  • Others (Chemicals, Consumer Goods, etc.)

Among all the end-user industries, building & construction was the leading segment, both in terms of value and volume, in 2015. The segment is also projected to showcase highest growth rate over the forecast period, owing to the rapid growth of the building & construction industries in emerging economies such as China, Brazil, India, UAE, and Brazil, wherein substantial investments are being made in the infrastructure sector.

Among product types, the orthophthalic segment accounted for the highest share of the global unsaturated polyester resins market in 2015, owing to its extensive use in fibre reinforced plastics (FRP), which are extensively used in the automotive, aerospace, marine, and construction industries. However, the DCPD product type is expected to be the fastest growing segment in the foreseeable future.

Global Unsaturated Polyester Resins Market Outlook: Asia Pacific to be the growth engine for the market in the foreseeable future

Geographically, the global unsaturated polyester resins market is classified into North America, Europe, Asia Pacific and the rest of the World. In 2015, Asia Pacific was the largest consumer of unsaturated polyester resins industry, followed by North America and Europe. China was the largest consumer of market of unsaturated polyester resins, with more than 40% share of the total global consumption.

The key players identified in the global unsaturated polyester resins market are Ashland Inc., Tianhe, Changzhou New Solar Co. Ltd., AOC Resins LLC, BASF SE, The Dow Chemical Company, Royal DSM, CCP Composites, Reichhold Inc., and SABIC. Other major players existing in the global unsaturated polyester market space are Scott Bader, U-Pica Technology Group, Polynt Composites, Showa Denko, and Lanxess Aktiengesellschaft among others. These industry players are currently focussed on expanding their global footprint by enhancing their production capacity by means of expansion, setting up a new manufacturing facility and strategic mergers & acquisitions.

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