Ferrosilicon Market Executive Summary, Regional Outlook and Shares Forecast 2025

4 July 2019: The global Ferrosilicon Market is anticipated to rise at a positive CAGR in the forthcoming period. Ferrosilicon market is driven by factors such as increasing demand for ferrosilicon and inoculant. Rise in consumption of steel products for construction and maintenance is likely to contribute to the market growth in the near future. Surging demands for silicon-slag, which is widely used in steel castings, contribute to the market growth in the forecast period.

Application segment for ferrosilicon market includes inoculant and deoxidizer. Deoxidizer segment enjoys significant demand from the industry and is expected to drive the overall industry growth. Rise in demand for inoculant is anticipated to have a positive impact on the industry growth. With added features such as minimal formation of dross and low vulnerability to shrinkage formation, inoculants have a significant demand during the forecast period.

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End-use segment for ferrosilicon industry includes carbon, alloy steel, electric steel, and stainless steel. The steel industry accounts for a significant market share due to high demands for manufacture of various types of steel. Carbon steel coupled with the other steel segments is leading the market growth and accounts for more than 45% of the global market. Demand for steel product in the industry is normally driven by carbon and alloy.

Regional segmentation for ferrosilicon market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are expected to gain a prominent market share due to rise in steel and metal manufacturing industries. China and Russia being the major producers of alloy and steel determine the pricing trends in the industry.

Middle Eastern and African regions expect to rise at a prominent CAGR due to rise in overall production of crude steel and rising demand for alloy steel in deoxidization process. The key players in the ferrosilicon industry include Elkem AS, China National BlueStar Co Ltd, FerroAtlantica Group SA and AMG.

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Market Segment:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • Deoxidizer
    • Inoculants
    • Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • Carbon & other alloy steel
    • Stainless steel
    • Electric steel
    • Cast iron
    • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • Russia
        • UK
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa

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Decorative Coatings Industry Expected To Reach USD 106.97 billion Till 2022

4 July 2019: The global Decorative Coatings Market size is expected to value at USD 106.97 billion by 2022. The market is subject to witness a substantial growth due to the growing construction activities, rapid urbanization, increasing population and growing infrastructural spending by both developing and developed economies across the globe.

Growing constructional activities for shopping malls and business parks in the developing economies across the Asia Pacific region such as India, China, Malaysia, Thailand and Singapore are expected to drive the growth of the market in the upcoming years. Globally, the decorative coatings market is predicted to grow at CAGR of 6.1% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

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Increasing demand for decorative coating from building & construction industry owing to the benefits associated with its use such as higher durability and attractive appearances of the surfaces are expected to influence market growth over the forecast period. Additionally, decorative coating also provides protection against harsh weather and external environmental factors such as ultra-violet radiation, high temperatures, acid rain and pollution particles. These factors are predicted to boost market demand for decorative coating during the forecast period.

The recent technological advancement and development of novel products has led to addition of superior properties such as protection from moisture, corrosion resistance, bacteria and heat resistance, thus escalating market progress, in the recent years. Growing need for environmental-friendly alternatives due to stringent laws and regulation by regional governments across the globe are expected to boost the growth of decorative coatings industry over the forecast period. Moreover, recent joint ventures, mergers and partnerships among number of major manufactures and vendors along with local industry players are anticipated to amplify market value in the upcoming years.

Strong economic growth in the developing economies, particularly in the Asia-Pacific region along with recent infrastructure development has led to high-end demand for decorative coatings, thus fostering market growth in the last few years. In addition, stringent environmental laws to regulate volatile organic compounds (VOCs) to improve indoor air quality in North America and European region is estimated to increase adoption of waterborne technology in domestic and commercial buildings over the forecast period.

However, frequent changes in cost of raw materials such as alkyd, epoxy, acrylic, and titanium dioxide is negatively hampering market growth, in the recent years. Additionally, environmental hazards with excessive use of solvent-borne coating is expected to acts as a major challenge for sustained market growth over the next seven years.

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The recent technological advancement in decorative coating industry such as Nano-TiO2 photo catalysts, green coatings and adoption of latest technology that limits drying time are estimated to expand market reach in the upcoming years. Furthermore, rising research & development by prominent industry players in the industry are projected to stimulate market growth as well.

Waterborne coatings is considered as one of the fastest growing segment in the decorative coatings market with substantial revenue generation in the last couple of years. Growing popularity of the waterborne coating market segment is attributed to the superior adhesion properties, heat resistance and abrasion properties.

The decorative coatings industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction activities in the region and existence of well-established manufacturing sector. Asia-Pacific region is predicted to hold major market share in the decorative coating market with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with growing constructional activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the decorative coatings industry are PPG Industries, Inc., Sherwin-Williams Company, Akzo Nobel N.V., Nippon Paint and Valspar Co., Asian Paints Ltd., Berger Paints Ltd., Cabot Co., DAW SE, Jotun A/S, Masco Co., Benjamin Moore & Co., and Axalta Coating Systems Pvt., Ltd.

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Ethoxylates Market Product Estimates & Trend Analysis Forecast To 2025

2 July 2019: The global Ethoxylates Market is estimated to grow exponentially by the completion of the prediction period. The market was appreciated by US$ 10.87 Billion in the year 2016. It is estimated to develop at a substantial CAGR for the duration of the prediction. The usage of Ethoxylates for balms and ointments expected to motivate the demand for the product above the prediction period. Growing demand for the product for industrialized uses for example, dampening means and anti-foam expected to motivate the demand for the product above the prediction period.

The Ethoxylates market on the source of Type of End use could span Lubricants & Emulsifier, Insecticides, Ointments & Emulsions, Detergents, Foam Control & Dampening Means, Herbicides, Personal Care, and Others. The subdivision of Detergents presented in various formulas for example cakes, liquid and powder, for the usage in numerous application. It is responsible for sizeable demand for the products. Mainly the market for Detergents, motivated by the increasing populace together with the growing alertness of the customers about sanitation and cleanliness.

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The Ethoxylates market on the source of Type of Application could span Oilfield Chemicals, Pharmaceutical, Domestic& Personal Care, Agrochemicals, Institutional & Industrial Cleaning. Better-quality way of life, greater per head earnings and increasing alertness about cleanliness & individual upkeep has displayed a growing demand for the domestic & personal care merchandises. Growing demand for little foam merchandises by the customers is likely to motivate the demand for the product above the prediction period.

Growing industrial development in the world together with growth in the development of substructure, mainly in the area of Asia Pacific, is likely to push the demand for cleaning, greasing means that practice such products. Accordingly, the subdivision is likely to record a CAGR of 3.5% during the prediction period.

The Ethoxylates industry on the source of Type of Product could span Glyceride Ethoxylates, Fatty Acid Ethoxylates, Alcohol Ethoxylates, Ethyl Ester Ethoxylates, Fatty Amine Ethoxylates and others. The increase in demand for Alcohol Ethoxylates such as an inoculant in the detergent manufacturing projected to take an optimistic influence on the development of the industry. The features for example exceptional preparation by means of extraordinary dampening and speedy disbanding together with decent capability of washing and small harmfulness for the water, estimated to expedite its usage in industrialized uses.

The Ethoxylates market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction spans North America [U.S.A, Canada and Mexico], Europe [France, Germany, U.K.], Asia Pacific [India, Japan, China, South Korea], Central & South America [Brazil, Argentina], Middle East & Africa [South Africa].

By the source of geography, the North American market is likely to observe continuous development above the prediction period owing to improved stress on the ingestion of individual upkeep products by the customers in the area. Greater per head earnings together with the readiness to expend on the individual upkeep products and domestic cleansers is expected to motivate the demand for Ethoxylates in the market.

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Extremely promising guidelines through Federation of Drug Administration together with greater blending possessions of the product is likely to motivate the demand above the prediction period. The market observed a finely tuned demand for Alcohol Ethoxylates owing to higher physical appearance and FDA endorsements for skin contact merchandises.

The market in Asia Pacific categorized by growth in the demand for the product owing to speedy growth of the end user manufacturing in emerging markets comprising South Korea, China, India, and Japan. The area is responsible for 31.1% stake of the international market because of greater capacities of ingestion recognized in the markets comprising Australia, India, and China.

The statement revises Trades in terms of intake of Ethoxylates in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are The Dow Chemical Company, Solvay, India Glycols Ltd, Stephan Company, Royal Dutch Shell Plc, Ineos Group Ltd., Sasol Ltd, Clariant AG, Huntsman International LLC, and BASF SE.

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Glucaric Acid Market Applications and Potential Applications Forecast To 2025

2 July 2019: The global Glucaric Acid Market is estimated to touch US$ 1.30 billion by the completion of the prediction period. The market was appreciated at US$ 550.40 million in the year 2016. The prohibition on the usage of phosphates in the manufacturing of detergents owing to their poisonous characteristics, growing demand from manufacturing industries of foodstuff constituents, Detergents, soaps and its use such as de-icing, erosion inhibitors has augmented demand for Glucaric acid.

The demand for this acid is estimated to rise due to strict rules limiting the usage of unsafe chemicals, thereby restricting ecological destruction. Increasing manufacture of liquid detergent, it was the biggest end user of this product in the year 2016, estimated to perform an important part in boosting the demand in the market. The market estimated to develop at a CAGR of 10.1% for the duration of the prediction.

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The Glucaric Acid market on the source of Type of Application could span De-icing applications, Detergents, Erosion inhibitors, Foodstuff constituents, and others. The manufacturer of detergent is the biggest end user of this product tracked by manufacturing of foodstuff. The detergent manufacturing companies have observed increase in demand for the product owing to the prohibition on the usage of phosphates, mainly in liquid detergents. Increasing demand for recyclable detergents too projected to take an optimistic influence on the market above the subsequent eight years.

Glucaric acid’s use could, likewise, be traced in foodstuff constituents. It was responsible for 22.1% stake of the market by means of income in the year 2016. Increasing consciousness regarding the prominence of this product in keeping the stages of important nutrients has caused in augmented ingestion in daily mealtime. This has performed an important part in motivating its demand.

The Glucaric Acid market on the source of Type of Product could spanD-GlucaricAcid-1, 4-Lactone, Calcium D-Glucarate, Potassium Sodium D-Glucarate, Pure GlucaricAcid, and others. The Calcium D-Glucarate is estimated to develop at a CAGR of 8.4% by price, for the duration of prediction, because of widespread uses in the foodstuff manufacturing boosting the stages of minerals and vitamins in the body. Therefore, protecting the important body part; for instance, liver and lungs.

The D-GlucaricAcid-1, 4-Lactone, is one of the extensively utilized by-products. It is expected to develop at the subsequent maximum CAGR of 10.4% by means of price, for the duration of prediction. The product is utilized in the treatment of cancer. It has observed increasing demand from the developing medicinal subdivision of Asia Pacific, particularly from nations having a greater occurrence of this sickness, like in India and China.

The Glucaric Acid market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [Germany, U.K.], Asia Pacific [Japan, China], Central & South America [Brazil], Middle East & Africa.

By the source of geography, Asia Pacific observed the maximum demand for Glucaric acid and its byproducts in the year 2016. This area is likewise estimated to develop at the maximum CAGR of 11.6% for the duration of prediction. Increasing demand for this product from the manufacturers of foodstuff and detergent, particularly in developing nations such as India and China, has boosted the development of the market above the subsequent eight years.

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Taiwan, China, and India are known to have plentiful of sources of raw material and inexpensive manual labor, as equated with North American and European nations. Therefore, most important companies comprising Rennovia and River top have set up production plants in these developing nations of Asia Pacific.

North America held the subsequent biggest stake of 22.6% by means of income, in the year 2016. It was the innovator in presenting this product. As it is a carbon-based product, the usage of Glucaric acid in this nation has been cheered by the governing organizations for example Environmental Protection Agency [EPA], additionally initiating the demand in the market.

The statement revises Trades in terms of intake of Glucaric Acid in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Shanghai Meicheng Chemical Co. Ltd., River top Renewables, Chemo’s, Rennovia Inc., and , Kalion Inc.

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Polyacrylic Acid Market: Global Industry Analysis by Key Players and Scope Till 2025

27 June 2019: Global Polyacrylic Acid Market is anticipated to reach USD 3.79 billion by 2025. Polyacrylic acid is also termed as “Carbomer”. It is widely used in cleaners, paints, detergents and cleaners, and in personal care owing to its adhesive property and high bonding. Polyacrylic Acid implies synthetic high molecular weight polymer of acrylic acid, and its degree of ionization depends on the pH of the solution.

The factors that propel the growth of the Polyacrylic Acid industry include usage in waste water treatment. It has several properties like excellent absorption ability, and purification of water in the manufacturing industry. On the other hand, there are factors that may hamper the growth of the market including availability of inorganic chemical alternatives for water purification and wastewater treatment procedures such as alum pose and polyaluminum chloride giving tough competition to polyacrylic acid. Polyacrylic Acid Market is estimated to grow at a significant CAGR of 6.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Polyacrylic Acid industry may be explored by application and geography. The key applications that could be explored in the Polyacrylic Acid Market include Detergents & Cleaners, Water & Wastewater Treatment, Paints, Superabsorbent Polymers, Coatings, & Inks, and Others. The “Detergents & Cleaners” segment led the Polyacrylic Acid industry in 2017 and is anticipated to maintain its dominance by 2025 owing to increase in the consumption of liquid based laundry detergents in China is expected to drive the product demand over the years to come. Furthermore, increase in the inflexibility of environmental protection laws coupled with substantial capital spending on treating industrial wastewater and water.

Asia-Pacific accounted for the major share of the Polyacrylic Acid Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include substantial industrial growths in the wastewater treatment segment in Asia Pacific, and demand of aqua treatment chemicals in the forthcoming period. Asia-Pacific is followed by Europe followed by North America.

Some of the key players that fuel the growth of the Polyacrylic Acid industry comprise Nippon Shokubai Co., Ltd., Arkema S.A., Ashland, Inc., BASF SE, Lubrizol Corporation, KemiraOyj, Henan Qingshuiyuan Technology Co., Ltd., ZoupingDongfang Chemical Co., Ltd., The Dow Chemical Company, and Aurora Chemicals. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • Water & Wastewater Treatment
    • Detergents & Cleaners
    • Paints, Coatings, & Inks
    • Superabsorbent Polymers
    • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa

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Structural Foam Market Projected To Reach USD 42.2 billion Till 2025

26 June 2019: The global Structural Foam Market size is expected to value at USD 42.2 billion by 2025. The market is subject to witness a substantial growth due to the rising infrastructure activities, growing residential & commercial construction industry and substantial growth of retail sector. Additionally, the growing need for structural foam in material handling, automotive, and electrical & electronics industry from BRICS (Brazil, Russia, India, China and South Africa) countries are expected to drive the growth of the market over the forecast period.

Globally, the structural foam market is predicted to grow at CAGR of 5.8% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Structural foams offer advantages such as lightweight and superior weight to strength ratio, mainly in comparison with the solid plastics. Such factors are largely influencing demand of the structural foams. Other advantages of structural foams include stability, conductivity, heat resistance, and toughness, which are vital in applications such as wind turbines, automobile equipment, and insulation purposes.

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Increasing adoption of structural foams in material handling equipment that is commonly used for small distance travel for industrial goods within the production plant, thus expanding overall market reach of the structural foam industry over the forecast period. Other applications of the structural foam include packaging services, shipbuilding, wind power, and consumer goods, such factors are playing critical role in the growth of structural foam market in the last couple of years.

However, variation in the cost of the raw materials and shifting preference towards biodegradable plastics as a reliable substitute replacing non-biodegradable foam are expected to limit market growth over the forecast period. Yet, large corporations are increasingly setting up supply partnerships and implementing forward and backward integration in the supply chain network, thus driving market growth in the last couple of years. Although, changing fuel prices, increasing demand for premium quality products at cheap rates and growing competition in the market are further restraining market progress to a certain extent.

Polyethylene is considered as one fastest growing segment in the structural foam industry with substantial revenue generation in the last couple of years. Growing popularity of the polyethylene foam market segment is credited to the factors such as lightweight, durability, heat resistance and a closed-cell material composition. Polyethylene is widely used in the packaging of delicate products and automobile parts, thus fostering market value in the recent years.

Rigid polyurethanes has also witnessed substantial growth in the last couple of years owing to increase in adoption as a structural material. Rigid polyurethanes has also displayed important properties such as toughness, lightweight, and resilience. Rigid polyurethanes also provide protection against chemical reactions and moisture effects thus making it an ideal choice for various application such as building & product insulation.

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Growing demand for structural foams in the automobile sector are expected to fuel market growth over the forecast period. Additionally, introduction of lightweight composites and its advantages are expected to boost market demand for structural foam in upcoming years as well. Recently, integration of the structural foam into various parts of a vehicle like body-side joints, chains, ledges, under body cross-vehicle frame, longitudinal frames or frame bars, machine cradles, body-side rails, door panels and hydro-formed reinforcements.

The structural foam market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies in construction & building industry and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the structural foam industry with massive growth in forecast period. Countries such as India, China and Indonesia are leading the Asia-Pacific’s market with high economic growth, ever-growing population, increasing standard of living, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the structural foam industry are Armacell International S.A., Diab International AB, Evonik Industries AG, Covestro AG, and Gurit Holding AG.

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Marine Grease Market Applications, Growth Factors and Market Shares Forecast To 2025

18 June 2019: The global Marine Grease Market size is expected to value at USD 348.4 million by 2025. The market is subject to witness a substantial growth due to the growing demand for shipping services across the globe, and rising international trade. Additionally, rise in number of new waterways and rapid growth in the ship building industry are some of the critical factors responsible for the growth of marine grease industry in upcoming years. Globally, the marine grease market is predicted to grow at CAGR of 4.4% in forecast period, providing numerous opportunities for market players to invest in research and development in the marine grease industry.

Increasing application of marine grease in the shipping industry is attributed to its advanced properties. Some of these advanced properties include high pressure additives, high load carrying capacity, broad temperature range, high mechanical strength, resistance to temperature changes, resistance to erosion, long lubrication intervals, high melting point, and water resistance. Such properties enhances overall performance of the system. Growing demand for transportation system and rising import & export among various economies across the globe are expected to fuel market growth over the forecast period.

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Furthermore, rapid industrialization, and increasing demand from various end-user market segment is further propelling market growth, in the recent years. Growing popularity of marine grease among various end-user market segment is credited to factors such as enhanced output efficiency of the engine, machinery, and several components installed in the ship. Marine grease decreases the friction in-between various rotational machine elements thus increasing overall output of the system.

Marine grease easily gels up with water, which is critical in case of water leakage. Growing demand of the lithium complex grease in the shipping industry is anticipated to boost market growth in near future. However, stringent rules and regulation in regards to the uncontaminated aquatic environment around the globe is predicted to limit market growth to certain extent in upcoming years. Different kinds of marine grease that are extensively adopted as a lubricant in shipping industry include lithium complex grease, calcium complex grease, polyuria grease, aluminum grease, oregano clay grease, and sodium grease. Lithium complex grease offers a rare additive solution that provided maximum lubrication during the most critical operations.

Application of the marine grease include various shipping operations like outboards, trailer wheel bearings, trailer chassis lubrication, and wheel bearings. The calcium thicker type is considered as one of the fastest growing segment in the marine grease market with substantial revenue generation in the last couple of years. Growing popularity of the calcium thicker type market segment is credited to the high water resistance and protection against oxidation and rust. Some of the common application of calcium thicker grease include boat trailer, wheel bearings, and trailer chassis lubrication.

Marine Grease is largely utilized in order to achieve superior lubrication in various shipping operations and protection oxidation and rust in marine applications. Marine grease is increasingly used in leisure craft and industrial marine fleets. Some of the important application of the marine grease involves gears, stern drives, prop shaft splines, steering tubes and cables. Marine grease is also used in throttle lines and linkages, dog seals and trunion steering mounts.

The marine grease industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the marine grease market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rapid industrialization, development of new waterways, rise in the coastal economies and significant investment by leading industry players considering potential opportunities in the region.

The key players in the marine grease industry are British Petroleum plc, Chevron Lubricants, Inc., Exxon Mobil Co., Gulf Oil Marine Limited, Lucas Oil Products Incorporations, Lukoil Marine Lubricants Ltd., Old World Industries, LLC, Penrite Oil Corporations, Royal Dutch Shell Company plc, Total Lubmarine Ltd., and Warren Oil Company, LLC.

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Printed Tape Market Growing Demand, Key Opportunities Prioritized and Outlook Till 2025

Global Printed Tape Market is expected to reach USD 39.79 billion by 2025. Printed tape is formed from flexography printing process. These products frequently feature a synthetic or natural adhesive and pressure sensitive backing. These tapes are used as label indicators, marketing and branding tools, and as safety tapes. The Printed Tape Market is estimated to grow at a significant CAGR of 5.8% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising use of enhanced technology, growing packaging printing industry, and high demand for aesthetic appeal are documented as major factors of Printed Tapes Market that are estimated to enhance the growth in the years to come. However, rising demand for high quality printing at low cost by obeying government laws are the factors that may restrain overall market in the coming years. Printed Tape industry is segmented based on type, mechanism, material, printing ink, end user, and region.

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Natural rubber carton sealing tape, hot melt carton sealing tape, and acrylic carton sealing tape are the product types that could be explored in Printed Tape in the forecast period. Gravure, Flexography, Screen printing, Lithography, Digital printing, and other mechanisms that could be explored in the forecast period. The other sector comprises offset and letterpress. Digital printing sector is estimated to lead the overall market with substantial market share in the forecast period. This may be because of its efficiency to provide cost-efficient and enhanced quality solution for producing printed tapes with the reprocessing choices.

Various material used to make printed tape may include Polyvinyl chloride, Polypropylene, and others that could be explored in the forecast period. Polypropylene accounted for the substantial market share of printing inks and is estimated to continue its dominance in the coming years. Solvent-based ink, Water-based ink, UV-curable ink, and other printing inks could be explored in Printed Tape in the forecast period.

The market may be categorized based on end users like transportation & logistics, food & beverages, consumer durables, and others like cosmetics & toiletries, construction, and healthcare that could be explored in forecast period. Food and beverages sector accounted for the substantial market share of Printed Tape and is estimated to lead the overall market in the coming years. This may be because of high demand of innovative printing and packaging technology. Also, the consumer durables sector is estimated to grow at fastest pace in the coming years. Instead, Europe and North America are also estimated to have a positive influence on the future growth.

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Globally, Asia Pacific accounted for the substantial market share of Printed Tape and is estimated to lead the overall market in the coming years. The reason behind the overall market share could be presence of buyers and suppliers in developing countries like India and China and rising export-import and transportation activities.

The key players of Printed Tape Market are SIAT S.P.A, Quad/Graphics, RR Donnelley & Sons, Hewlett-Packard Development Company, E.I. du Pont de Nemours and Company, and Xerox Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Lignin Market Driving Factors, Dynamics and Applications Outlook Till 2025

The global Lignin Market is estimated to touch US$ 913.1 million by the completion of the year 2025. The market stood at US$ 732.7 million in the year 2015. The increasing ecological worries on the subject of air contamination and related fitness threats have been the most important issues motivating the progress of the market. The increasing demand for the dust regulation in industrialized, commercial and housing subdivisions is likely to motivate the development more above the period of prediction.

The Lignin market is estimated to develop at a CAGR of 2.2% for the duration of the prediction. The Lignin industry on the source of Type of Application is divided into Aromatics, Macromolecules. The Lignin discovers greater usage in the production of macromolecules. It was responsible for the stake of more than 69% of the capacity of worldwide market in the year 2015. Furthermore, promising application development of carbon fibers in structure and automobile manufacturing due to their lighter weight likely to motivate the development above the period of prediction. Nevertheless, existence of strict rules, intended at limiting the manufacture of polymers for dropping the releases of greenhouse gas is likely to restrict the progress of the business.

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The Lignin market on the source of Type of Product spans Organosolv lignin, Ligno-sulphonates, Kraft lignin, and others. The subdivision of Ligno-sulphonates appeared such as the biggest product section. It was responsible for above 88% stake of worldwide business in the year 2015. The development in the practice of Sulphur free lignin together with the increasing consciousness and demand for bio-centered products in industrialized markets in North America and Europe is likely to boost the demand for the product above the period of prediction.

The Lignin market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.], Europe [France, Germany], Asia Pacific [India, China, and Indonesia], Central & South America [Brazil], Middle East & Africa.

By the source of geography, Europe controlled the general market in the year 2015. It was responsible for almost 40% stake of the general incomes in the year 2015. The business in Europe likely to observe development by way of intermediary for many chemical mixtures for example phenolic resins and BTX. Furthermore, the rules intended at limiting transference of unnaturally resultant chemicals projected to take an optimistic influence on the market above the approaching years. Additionally, the increasing demand for dust regulators to decrease air contamination at the time of undertaking the actions of structure & construction, estimated to take an optimistic influence on the demand of the product in the area.

Germany is responsible for the maximum separate market stake in the European market. It grabbed a stake of above 15% in the year 2015. Strong industrialized base of chemical industrialists for example Bayer, Henkel and BASF in Germany, shared with their preference in the direction of supportable progress is likely to take an optimistic influences on the product demand above the period of prediction.

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The business in Asia Pacific is likely to observe uppermost development above the period of prediction, by means of the growing tendency in the direction of expansion of products over biocentered bases motivating product demand for the duration of the period of prediction. Furthermore, existence of a strong paper & pulp producing business in the area expected to increase the production of lignin.

The statement revises Trades in terms of intake of Lignin in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies, operating in the field are Green Value SA, Tembec, Domtar Corporation, and BorregaardLignotech. Additional notable companies operating in the field are The Dallas Group of America, Inc., Northway Lignin Chemical, Mead-West Vaco [MWV], Lignol Energy Corporation, Domsja Fabriker AB, Asian Lignin Manufacturing Pvt. Ltd., Nippon Paper Industries Co. Ltd., Liquid Lignin Company LLC, Guangdong Jiangmen Ganhua Co. Ltd., Changzhou Shan Feng Chemical Industry Co. Ltd., and Aditya Birla Chemicals.

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Carboxymethyl Cellulose Industry Shares, Growth Area, Business Overview and Specifications Forecast To 2025

Global Carboxymethyl Cellulose (CMC) Market is anticipated to reach USD 1.86 billion by 2025. Carboxymethyl cellulose is also known as “Sodium Carboxymethyl cellulose” or “CMC”. It is an anionic water-soluble polymer produced from naturally occurring cellulose by the process of “Etherification”. Hydroxyl groups could be substituted with carboxymethyl cellulose chain. The Carboxymethyl Cellulose structural formula is R=H (CH2CO2H).

The carboxymethyl cellulose is odorless, chemically stable, tasteless substance, and physiologically inert. It is non-toxic in nature, and hypoallergenic with high viscosity. The caustic soda, mono chloroacetic acid, and plant-derived cellulose are the raw materials mainly used for manufacturing carboxymethyl cellulose.

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The factors that propel the growth of the Carboxymethyl Cellulose industry include growing demand of low-fat food. Moreover, increasing production of cosmetics and pharmaceuticals, the rising exploration activities and oil drilling. On the other hand, there are factors that may hamper the growth of the market including the accessibility of eco-friendly substitutes of carboxymethyl cellulose, and strict government regulations.

Carboxymethyl Cellulose Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Carboxymethyl Cellulose (CMC) industry may be explored by application and geography. The key applications that could be explored in the Carboxymethyl Cellulose Market include Food & beverages, Oil & gas, Cosmetics & pharmaceuticals, Paints & adhesives, Paper & board, Detergents, and Others. The “Food & Beverages” segment led the Carboxymethyl Cellulose industry in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing demand for ready-to-eat food and low-fat.

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Asia-Pacific accounted for the major share of the Carboxymethyl Cellulose Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include significant consumption in pharmaceuticals, food & beverage industries, oil & gas, and cosmetics in the region.

Some of the key players that fuel the growth of the Carboxymethyl Cellulose industry comprise QuímicaAmtex S.A. De C.V, CP Kelco U.S., Inc., Akzo Nobel N.V., Shanghai ShenGuang Edible Chemicals Co. Ltd., UgurSelulozKimya A.S, and DKS Co. Ltd., the Dow Chemical Company. Daicel Corporation, Lamberti S.P.A, Nippon Paper Industries Co. Ltd, Dai-Ichi Kogyo Seiyaku Co. Ltd., Samsung Fine Chemicals Co. Ltd., Ashland Inc, and Anqiu Eagle Cellulose Co., Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Transformer Oil Industry Anticipated To Grow at CAGR of 11.5% in Forecast Period by 2025

29 May 2019: Global Transformer Oil Market is anticipated to reach USD 4.05 billion by 2025. Transformer oil is also known as “Insulating oil”. Transformer oil is a superlative insulator for electricity, and it is stable at high temperature. This transformer oil is mainly a derivative of mineral oils, but substitute composition with better chemical and physical properties. Transformer oil has several properties such as high resistivity, thermal conductivity, minimum power loss, excellent di-electricity, chemical stability, and among others.

The factors that propel the growth of the Transformer Oil industry include increasing electric demand in emerging countries such as Brazil, South Africa, and India; which are anticipated to develop their grid infrastructure to increase the availability of electricity to the population.

On the other hand, there are factors that may hamper the growth of the market including strict environmental laws and shift towards organic oils, and the transition towards renewable sources of energy. Transformer Oil Market is anticipated to grow at a significant CAGR of 11.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Transformer Oil may be explored by product type, application, end users, and geography. Transformer Oil may be explored by product type as Mineral-based Oils, (Paraffinic Base Oils, Naphthenic Base Oils), Bio-based oils, and Silicone-based oils. The “Mineral-based Transformer Oil” segment surpassed the Transformer Oil industry in 2016 and is anticipated to maintain its dominance by 2025 owing to superior operational advantages, and environmental benefits.

The key applications that could be explored in the Transformer Oil Market include Utility Transformer Oils, Large-scale Transformers, and Small-scale Transformers. The “Small- scale Transformer” segment surpassed the Transformer Oil industry in 2016 and is anticipated to maintain its dominance by 2025 owing to growing electrification and urbanization of rural areas, several government initiatives to expand the power infrastructure, particularly in emerging economies such as Latin America, Africa, and Asia-Pacific. Transformer Oil may be explored by end users as chemicals and automotive.

Asia-Pacific accounted for the major share of the Transformer Oil Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include expansion of electric grids, increasing power requirements, and increasing requirement to transform & upgrade existing electricity supply organizations in emerging nations such as Vietnam, India, Indonesia and Thailand.

Some of the key players that fuel the growth of the Transformer Oil industry comprise ABB Ltd., General Electric Company, Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves Limited, Hyundai Heavy Industries Co. Ltd., Toshiba Corporation, Hyosung Group, Bharat Heavy Electricals Limited, Schneider Electric, and SPX Transformer Solutions, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
    • Mineral-based Oils
        • Naphthenic Base Oils
        • Paraffinic Base Oils
    • Silicone-based oils
    • Bio-based oils

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
    • Small-scale Transformers
    • Large-scale Transformers
    • Utility Transformer Oils

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • France
        • UK
        • Italy
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Mexico
        • Brazil
    • Middle East & Africa
        • Saudi Arabia
        • UAE
        • Oman

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Tannin Market Key Players 2019-2025:W. Ulrich GmbH, Tannin Corporation, Laffort S.A., and S.A. Ajinomoto OmniChem

29 May 2019: Global Tannin Market is anticipated to reach USD 3.39 billion by 2025. Tannin is an organic substance mainly present in tissues, yellowish or brownish bitter-tasting fruits, barks, leaves of several plants. It is also known as “Tannic Acid”. High content of tannin is present in plants. They protect them from growth regulation and predation. The fruits like organs, grapes, pecans, blueberries, strawberries, and cranberries are the rich source of tannin. Tannin are used in cuts and burns for lower the bleeding and healing, and in several applications.

The factors that propel the growth of the tannin industry include demand from food and beverages industry, advent of new technologies and R&D activities in automotive industry, and growing demand for wood adhesives. On the other hand, there are factors that may hamper the growth of the market including toxic properties of tannin on humans. Tannin Market is anticipated to grow at a significant CAGR of 6.7% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Tannin industry may be explored by source, product type, application, and geography. The market may be explored by source as Brown Algae, and Plants. The “Brown Algae” segment led the Tannin Market in 2016 and is anticipated to maintain its dominance by 2025.The key applications that could be explored in the market include Wine Production, Leather Tanning, Anti-corrosive Primers, Wood Adhesives, and Others. The “Leather Tanning” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to increasing consciousness among customers concerning the benefits of tannin, and diverse applications in clothing, automotive seats, and furniture.

The market could be explored based on product type as Hydrolysable, Phlorotannins, and Non-hydrolysable. The “Hydrolysable” segment led the tannin industry in 2015 and is anticipated to maintain its dominance by 2025 owing to anti-bacterial properties.

North America accounted for the major share of the Tannin Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the increase in leather and wine consumption in the region, and Demand for tannin in the medical industry. On the other hand, India and China are anticipated to establish a prominent share in the forecast period.

Some of the key players that fuel the growth of the tannin industry comprise W. Ulrich GmbH, Tannin Corporation, Laffort S.A., and S.A. Ajinomoto OmniChem. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Source Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • Plants
    • Brown Algae

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • Hydrolysable
    • Non-hydrolysable
    • Phlorotannins

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • Leather Tanning
    • Wine Production
    • Wood Adhesives
    • Anti-corrosive Primers
    • Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa

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Alginate Market Scenario Emphasizing Recent Developments and Application Movement Analysis Forecast To 2025

27 May 2019: The global Alginate Market estimated to touch US$ 923.8 million by the completion of the prediction period. The market was appreciated by US$ 624.0 million in the year 2016. From the foodstuff manufacturing, the demand for alginates is likely to be motivated by the high class crystalizing delivered by the product. Furthermore, growing demand for the product in foodstuff & liquid refreshment manufacturing, owing to intensified ingestion of foodstuffs similar to yogurt, beer, and ice-creams is likely to motivate the progress of the market.

The market is estimated to develop at a CAGR of 4.5% for the duration of the prediction. The usage of the product in foodstuff & liquid refreshment manufacturing is allowed by most important controlling organizations comprising European Commission and FDA, which pushes its demand. The development of foodstuff & liquid refreshment manufacturing, mostly in Asia Pacific, owing to the growth in population, is likely to motivate the demand for the product in the area. Furthermore, higher acceptance of product by the companies in the application businesses is likely to motivate the development.

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The Alginate market on the source of Type of Application could span Industrialized, Foodstuff, Pharmacological, and Others. The consumption of the product in the pharmacological manufacturing has observed a great development owing to rigorous research and development actions carry out by most important pharmacological firms for the creation of wound bandage. The greater performance of such products that decreases restorative period is estimated to motivate progress of the market.

The Alginate industry on the source of Type of Product could span Propylene Glycol, Calcium, Potassium, Sodium, and Others. The usage of Calcium Alginate in pharmacological purposes responsible for a greater size of the intake of the product. The demand for the product is likely to be motivated by the increasing usage in healing of wound and bandage. Furthermore, calcium alginate centered fibers are utilized to fast-track healing of wound and are principally utilized for the wounds that show drainage or watery defecation.

The Alginate market on the source of Type could span High G, High M. Customers in field of foodstuff & liquid refreshment have shown a greater demand for High G category of product owing to the higher crystalizing presentation of the product. The demand for the above-mentioned product category is likely to develop at a CAGR of 4.8% in terms of income for the duration of the prediction. It is motivated by greater suspension steadiness and crystalizing, delivered by the product.

The Alginate market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada], Europe [France, Germany, U.K.], Asia Pacific [India, Japan, China], Central & South America [Brazil], Middle East and Africa.

By the source of geography, the business in Europe is regarded as, by way of the existence of most important manufacturers similar to Ceamsa and Algaia, those are involved in the production of progressive products. The large quantity of raw materials available in Norway helps the manufacture. The value of the product in the area has been witnessed to be greater owing to the end user demand for excellence and high pureness.

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The ingestion of the product in Asia Pacific is expected to increase by a CAGR of 5.9% owing to the speedy growth of the foodstuff & liquid refreshment and fabric manufacturing. The diffusion of the product in the pharmacological manufacturing in the area is presently restricted owing to their small usage in the emerging markets. Yet, this generates a prospective for the market to increase. This is expected to increase the ingestion of the product above the period of prediction.

In Central & South America, the paper manufacturing is likely to represent a remarkable capacity of intake because of increasing product usage for sizing of paper. In addition, the demand for the manufactured goods in the foodstuff & liquid refreshment manufacturing for the making of foods such as lactic acid drinks, ice creams and jellies is likely to motivate the progress of the market above the period of prediction.

The statement revises Trades in terms of intake of Alginate in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field areA2 Trading GmbH, Prinova Europe Limited, Qingdao Liyang Seaweed Industrial Co., Ltd, Prestige Brands, Inc., KIMICA Corporation, Compañía Española de Algas Marinas S.A., Shandong Jiejing Group Corporation, Cargill, Incorporated, Qingdao Rongde Seaweed Co., Ltd, and DuPont.

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Aluminum Composite Panels Market Scenario Emphasizing Recent Developments and Application Movement Analysis Forecast To 2025

27 May 2019: The global Aluminum Composite Panel Market size is expected to value at USD 8.26 billion by 2025. The aluminum composite panels industry is subject to witness a substantial growth due to the rapid development in construction and infrastructure activities across both developed and developing economies. Exponential population growth in developing economies and rapid urbanization are some of the critical factors responsible for growth of aluminum composite panel industry in upcoming years.

Substantial investment by local government to improve existing infrastructure and rise in the construction activities, are expected to boost marker growth. Globally, the aluminum composite panels market is predicted to grow at CAGR of 6.92% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

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Some of the important properties of aluminum composite panel are erosion resistance, wear resistance, and heat resistance. Such properties are vital for applications such as exterior cladding, ceiling, flooring, and interior cladding. Growing popularity of the aluminum composite panels (ACPs) is anticipated to boost market expansion of the market over the forecast period. Additionally, rise in the number of the application of the aluminum composite panels (ACPs) in various manufacturing process in automotive industry is driving market growth further. Rise in the adoption of lightweight commercial vehicle (LCV) from the logistics & transportation industry is predicted to boost the demand of aluminum composite panels (ACPs), in years to come.

Polyvinylidene difluoride (PVDF)-based aluminum composite panel is one of the fastest growing segment in the aluminum composite panel market with substantial revenue generation in the last couple of years. Rising market value of the polyvinylidene difluoride (PVDF)-based aluminum composite panels is attributed to increasing adoption in automotive and advertisement board applications. Polyvinylidene difluoride (PVDF)-based APCs offer exclusive properties such as operational efficiency, cost-effectiveness, protection against wear & tear, resistance to ultraviolet radiation, corrosion resistance, and water resistance. These advantages makes them ideal for application involving automotive and advertisement board, in comparison with their counterparts. Fluctuations in the prices of the aluminum substantially impacts cost of the aluminum composite panels, thus directly hampering the market growth

Coating-aluminum composite panels segment has also witnessed significant growth in recent years, owing to increasing adoption in various manufacturing processes such as multi-layer extrusion lamination. Additionally, increase in use of laminating coating-APCs in the construction industry is expected to fuel growth of this segment in upcoming years. Some of the key features of laminating coating-APCs include durability, longevity, flexibility, high tolerance, and ease during installation.

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Aluminum composite panels (ACP) typically consists of aluminum composite material (ACM). The design of ACP involves two thin coil-coated aluminum sheets merged together with a non-aluminum core. Applications of the aluminum composite panels (ACP) include exterior cladding, facades of buildings, insulation, and signage. Aluminum composite panels (ACP) also used in partitions, false ceilings, signage, and large containers. Aluminum composite panels (ACP) are ideal alternative for to large, heavy and costly substrates in the signage industry. These factors are responsible for sustained market growth, in the last couple of years.

The aluminum composite panels industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rising governmental initiatives to promote infrastructure activities in the region and existence of prominent industry players. Asia-Pacific region is predicted to hold major market share in the aluminum composite panel industry with massive growth in forecast period. Countries such as India, China Indonesia and Vietnam are leading the Asia-Pacific market with exponential growth in population, leading to high-end demand for cheap housing. Other factors prompting market growth in the region are multiple government schemes to provide basic amenities like food and shelter, coupled with investment by leading industry players considering potential growth opportunities in the region.

The key players in the aluminum composite panels market are Alcoa Co., Interplast Co. Ltd., Aludecor Ltd., Alubond U.S.A, and 3A Composites Ltd.

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Esterquats Market Competitive Landscape and Strategic Initiatives Forecast To 2024

17 May 2019: The global Esterquats Market size is expected to value at USD 3.45 billion by 2024. The market is subject to witness a substantial growth due to the growing demand from fabric softener industry. Additionally, the rise in requirement for high performance and sweet-scented fabric softeners is anticipated to fuel demand for the market over the forecast period. Other factors responsible for the growth of the market are rise in the awareness among users, increase in the personal disposable income and innovation in fabric softener products. Globally, the esterquats industry is predicted to grow at CAGR of 11.0% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

With the recent technological developments coupled with superior performance and lower cost of esterquats products have led to increasing adoption of esterquats during production of fabric softeners. Esterquats offers low toxicity and bio-degradability, which makes it an ideal alternative to dihydrogenated tallow alkyl dimethyl ammonium chloride during manufacturing of fabric softeners. Rise in the investment by industry leaders in research and development of esterquats is expected to propel the growth of the market in coming years.

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Hair care is one of the fastest growing segment in esterquats market with higher revenue generation over the forecast period. Governmental laws and regulation related with use of conventional material and their environmental impact, is promoting adoption of esterquats in health and beauty care industry. With rise in the young population across the globe coupled with rapid urbanization, higher employment rate, and rise in the standard of living are catering to the growth of the market in coming years.

Latest trends such as salon hair care and rise in the investment by market players in the hair care sector are further driving growth of the market. Properties such as bio-degradability of esterquats are vital during production of car washes, thus expanding reach of esterquats industry. Rise in popularity of the esterquats in the automobile sector is directly attributed to the properties such as anti-rust and corrosion resistance.

Constant changes in lifestyle, improved living standards and higher purchasing power of consumers are spurring market demand further. Increased sales of washing machines in developing and underdeveloped economies across the globe is expected to further augment growth of the esterquats market. Esterquats are primarily used as a cationic surfactant during various manufacturing processes such as washing, cleaning of large materials, and paper softening. Important characteristics of the esterquats such as surface activity, substantively, anti-microbial, and anti-static characteristics vital during numerous industrial applications. Early adoption of the cleaning processes during industrial applications limits corrosion and improves overall life span of the product.

Esterquats, also known as a quaternary ammonium compound, consists of two long fatty acid chains with two weaker ester bonds. Addition of two ester bonds into the aliphatic chains has substantially enhanced the bio-degradation process of the cationic surfactants, thus limiting negative impact on the environment.

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The esterquats industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the rise in the number of governmental regulation associated with adoption of environmental friendly products, and easy accessibility for numerous fabric softeners. The demand in Europe is driven by countries such as UK, Germany, Spain, and Italy. Asia-Pacific region is predicted to hold major market share in the esterquats market with massive growth in forecast period. Countries such as South Korea, Japan, and China are leading the Asia-Pacific market with rising awareness among users related to health benefits of various ingredients used during production personal care and fabric care products and growing investment by industry leader considering poetical opportunities in the region.

The key players in the esterquats industry are Stepan Company Incorporations, Kao Chemicals Europe, S.L., Evonik Industries AG, AkzoNobel N.V., Chemelco International B.V., ABITEC Co., BASF Co., Lubrizol Co., Italmatch Chemicals S.p.A., and Clariant Chemicals Limited.

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Fiberglass Market Key Players:Jushi Group Co. Ltd., Corning, Taishan Fiberglass Inc., Zibo Zhuoyi Fiberglass Material Co. Ltd. by 2025

17 May 2019: Global Fiberglass Market is anticipated to reach USD 21.27 billion by 2025. Fiberglass implies fiber-reinforced plastic where reinforcement fiber is mainly glass fiber. It is developed by pouring molten glass via superfine holes. The factors that drive the growth of the fiberglass industry include an increasing number of wind turbine installations, use of fiberglass composites by the automotive industry for enhanced performance, and extensive use of fiberglass in the construction industry. On the other hand, there are factors that may hamper the growth of the market including high manufacture cost of fiberglass. Fiberglass Market is anticipated to grow at a significant CAGR of 5.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The market may be explored by type, application, end user, and geography. The key applications that could be explored in the market include Composites, and Insulation. The “Composites” segment led the Fiberglass industry in 2016 and is anticipated to maintain its dominance by 2025. The market could be explored based on Type as Yarn, Glass Wool, Chopped Strands, and Roving. The “Wool” segment led the Fiberglass Market in 2016 and is anticipated to maintain its dominance by 2025 owing to increasing use of glass wool in construction sector for insulation. The rising construction expenditure in emerging countries is an important factor expected to drive the demand for glass wool in the forecast period. “Wool” segment is followed by “Chopped” segment. 

Fiberglass industry may be analyzed by end user as Building and Construction, Automobiles, Wind Energy, and Aerospace. The “Automotive” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to the fact that fiberglass is mainly used in manufacturing of automobile parts such as body panels, decks, load floors, wheelhouse assemblies, dash panel assemblies, battery boxes, and front fascia.

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Asia-Pacific accounted for the major share of the Fiberglass Market and will continue to lead in the forecast period. The increasing disposable revenue in Asia Pacific is expected to propel the regional market over the forthcoming period. Furthermore, the rising automobile and construction segments in the region, particularly in India and China is estimated to drive the market.

Some of the key players that fuel the growth of the Fiberglass industry comprise Jushi Group Co. Ltd., Corning, Taishan Fiberglass Inc., Zibo Zhuoyi Fiberglass Material Co. Ltd., Chongqing Polycomp International Corp., Johns Manville, Shandong Fiberglass Group Co. Ltd., XingtaiJinniu Fiberglass Co. Ltd., CPIC Abahsain Fiberglass M.E., W.L.L., and Glasstex Fiberglass Materials Corp. The leading companies are taking up mergers, and acquisitions, partnerships, and joint ventures in order to boost the inorganic growth of the industry.

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