Bio-Based Chemicals Market Size, Share, Growth, Analysis, Demand by Region and Forecast to 2027

 

Market Highlights

The global Bio-Based Chemicals Market is estimated to be valued at USD 97,267.0 million by 2023 and record a CAGR of 10.47% during the forecast period. According to the US Environmental Protection Agency (US EPA), the chemical industry was responsible for over 20% of the industrial greenhouse gas emissions in 2017. Environmental concerns due to uncontrolled emissions from the chemical industry have led to the imposition of regulations over the use of synthetic chemicals, which is expected to create growth opportunities for the players operating in the global Bio-Based Chemicals Market. With the advent of bio-based chemicals, the production of chemicals through the synthetic medium is declining.

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However, volatile raw material prices of bio-based chemicals are expected to be a restraining factor for the growth of the global market during the forecast period.

Regional Analysis

Geographically, the global Bio-Based Chemicals Market has been segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the European market was the dominant regional market, accounting for the largest share of 33.75% in 2018, and is expected to register a CAGR of 10.85% during the forecast

period. Europe is followed by Asia-Pacific, which accounted for the second-largest share of the global Bio-Based Chemicals Market in 2018. The North American market is expected to exhibit a CAGR of 9.79% during the forecast period. The Latin American and the Middle East & African markets are also likely to witness considerable growth during the forecast period, 2018–2023.

Segmental Analysis

According to MRFR analysis, the global Bio-Based Chemicals Market has been segmented based on type, applications, and region.

By type, the global Bio-Based Chemicals Market has been categorized into bioplastics, bio-lubricants, bio-solvents, bio-surfactants, bio-based acids, bio-alcohols, and others. Among these, the bio-alcohols segment accounted for the largest share of 41.7% by value in 2018 predominantly due to the large-scale adoption of bio-ethanol in industrial as well as potable applications. Industrial applications of bio-ethanol include manufacturing of flavors and aromas, pharmaceutical formulations, and cosmetics and personal care formulations. The high demand for other bio-alcohols such as sorbitol, xylitol, bio-methanol, and bio-butanol in the food & beverage, pharmaceutical, and cosmetics & personal care industries is also expected to support the growth of the segment. The bio-alcohols segment is expected to register a CAGR of 9.89% during the forecast period.

On the basis of application, the global Bio-Based Chemicals Market has been classified into agriculture, automotive, personal care, food & beverage, packaging, detergents and cleaners, paints and coating, adhesives and sealants, pharmaceuticals, paint dispersion, and others. The food & beverage segment accounted for the largest share of 26.2% by value in 2018 due to the high demand for bio-plastics, bio-solvents, bio-alcohols, bio-surfactants, and bio-based acids, which find a wide range of applications in the food & beverage industry. The growing food & beverage industry due to changing food habits, increasing disposable income, and changing lifestyles are projected to boost the demand for bio-based chemicals during the forecast period. However, pharmaceutical application segment is expected to register the highest CAGR during the forecast period.

Key Findings of the Study:

• The global Bio-Based Chemicals Market was valued at USD 59,117.6 million in 2018 and is expected to register a CAGR of 10.47% to reach around USD 97,267.0 million by the end of 2023.
• Based on type, the bio-alcohols segment held the largest share of 41.7% by value in 2018 and is expected to register a CAGR of 9.89% during the forecast period.
• By application, the food & beverage is estimated to be the largest segment of the global Bio-Based Chemicals Market, which accounted for a 26.2% value share in 2018.
• The European market accounted for the largest share of 33.75% by value in 2018.

This research report provides the insights, on various levels of analyses such as industry analysis, market share analysis, leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Bio-Based Chemicals Market, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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Aluminum-Extruded Products Market | Trends, Size, Share, Growth, Analysis And Forecast to 2027

 Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the Global Aluminum-Extruded Products Market  2020 is expected to grow significantly, securing a substantial market valuation of USD 68.5 Billion by 2025, and a healthy 6.5% CAGR over the review period.

Competitive Analysis

The major market players operating in the global market as acknowledged by MRFR are China Zhongwang Holdings Limited (China), Hydro Extruded Solutions (Norway), Arconic (US), Hindalco Industries Limited (India), Century Extrusions Limited (India), Constellium (The Netherlands), QALEX (Qatar), Bonnell Aluminium (US), Gulf Extrusions Co. LLC (UAE), and TALCO (India), among others.

Drivers and Restraints

Growing demand in the automotive industry for extruded aluminum products is expected to fuel the global market over the forecast period. Modern devices such as sensors and batteries in cars also increased the vehicles' total weight. The main problems are environmental issues such as global warming due to increased CO2 emissions and fossil-fuel oil depletion. Within the Asia-Pacific developing countries, the growing demand for aluminum extruded products in the construction industry is expected to fuel global market growth during the forecast period. Factors such as rapidly rising construction and transportation sectors, increasing spending in infrastructure development, and increasing disposable income are also likely to support the growth of the global economy in the coming years. In the buidling of bridge railings and coverings, road signs and light poles, and pedestrian bridges, the use of aluminum extruded products is growing due, among other things, to its ease of manufacture, low maintenance costs, and lightweight.

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Segmental Analysis

Based on product type, the mill-finished segment accounted for the largest market share of 40% in 2017 and is estimated to secure the highest CAGR of 5.5% over the review period. This is largely accredited to the high strength and cost-effectiveness of the mill-finished product. It finds extensive applications in the automotive and construction industries. In addition, they display exceptional performance in high and low temperatures, and humidity.

On the basis of alloy type, the 6000 series aluminum alloys sector led the global Aluminum-Extruded Products Market  with a market share of 42% in 2017 and was valued at USD 17.01 billion. This is accredited to its high strength, versatility, and superior corrosion resistance.

Based on the end-use, the construction segment accounted for the major market share of 44% in 2017 and is assessed to exhibit a CAGR of 6.63% in the following years. This is accredited to the structural integrity and soundproof properties, and low cost of the product. Aluminum extruded products are extensively used in new construction projects, airports, and residential and commercial buildings.

Regional Analysis

The geographical overview of the global Aluminum-Extruded Products Market  has been conducted in four major regions, comprising North America, the Asia Pacific, Europe, and the rest of the world. The Asia-Pacific market led the global Aluminum-Extruded Products Market  with the largest share of 63% in 2017 and is estimated to record the highest CAGR of 7% by the end of 2025. This is due to the development of the China, India, and Indonesia automotive and building and construction industries. Increasing investments for infrastructural development in developing countries in South-East Asia such as Indonesia, Myanmar and Thailand are further expected to drive regional demand growth.

The European market accounted for the second-largest 15 percent market share in 2017 and is predicted to show a significant 5.5 percent CAGR during the evaluation period due to the strict regulations on greenhouse gas emissions. In addition, increased demand for the commodity in the structural components and battery enclosures in electric vehicles is anticipated to fuel the regional market growth.

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Adhesion Promoter Market Share, Demand, Trends, Segmentation, Top key Players and Forecast by 2027

 Market Scenario

Adhesion promoters are used to enhance the adhesive property of low surface energy products. They are widely used in plastic, rubber, automotive, packaging, aerospace industry for improving the adhesion performance of substrates. Adhesion promoters are applied in a thin film between the substrate and coatings. Some of the commonly used adhesion promoters are silanes, maleic anhydride, chlorinated polyolefins, and titanate & zirconate.

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Market Segmentation

The global Adhesion Promoter Market is segmented based on form, type, application, end-use industry, and region.

On the basis of the form, the global Adhesion Promoter Market is segmented into liquid form and spray form. Spray forms of adhesion promoter are expected to show rising demand in automotive, construction, and aerospace industry owing to its ease of handling over the forecast period.

On the basis of the type, the global Adhesion Promoter Market is segmented into silanes, maleic anhydride, chlorinated polyolefins, titanate & zirconate, and others. Silanes are expected to lead the global Adhesion Promoter Market under type category due to growing application in paints & coatings, rubber, and plastic & composites. However, maleic anhydride is also expected to show rising demand during the forecast period 2018-2023.

On the basis of the application, the global Adhesion Promoter Market is segmented into plastic & composite, paints & coatings, ink, rubber, metals, glass, and others. Plastic and composites are expected to drive the global Adhesion Promoter Market under application category due to growing use in the construction industry.

On the basis of the end-user industry, the global Adhesion Promoter Market is segmented into construction, automotive, aerospace, paints & coating, packaging, and others. The construction industry is expected to have the major end-use application of adhesion promoter and is expected to lead the market during the forecast period.

Competitive Analysis

Some of the key players in the global Adhesion Promoter Market are BASF SE (Germany), Bodo Möller Chemie GmbH (Germany), Eastman Chemical Company (U.S.), Arkema SA (France), Air Products and Chemicals, Inc. (U.S.), DowDuPont Inc. (U.S.), AkzoNobel NV (Netherlands), Evonik Industries AG (Germany), Momentive Performance Materials Inc. (U.S.), Dow Corning Corporation (U.S.), 3M (U.S.), ALTANA (Germany), and Rust-Oleum (U.S.)

Regional Analysis

The global Adhesion Promoter Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the major market for an adhesion promoter, followed by Europe due to growing demand from the construction and automotive industry. The Middle East & Africa is expected to show rising demand for adhesion promoters due to growing construction industry. North America is expected to show the steady demand for adhesion promoter over the forecast period. Latin America is expected to show a moderate growth due to the ongoing constructions activities in Brazil and Mexico.

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Isopropyl Ester Market Size, Share, Growth, Analysis And Forecast to 2027

 Market Overview:

The global market for the isopropyl ester market is getting backed by the rising demand for hygienic products, surge in disposable income, which directly influences the intake of personal grooming products, growing consumption of packaged food, and others. The market is set to surpass the projected valuation included in the report on the same by Market Research Future (MRFR). The report encompasses 2018 to 2023 as the forecast period. The COVID-19 analysis is also showing profiting signs for the market. The non-toxicity and skin-friendly nature of the product are going to back the growth.

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Segmentation:

The global isopropyl ester market has been studied by MRFR experts on the basis of a segmentation that includes application and end use industry. This analysis aims at unfolding various details about the market that can help in understanding the flow of it. These details have been backed by data, charts, and graphs to make the reading more reliable. It would also make the assessment easy.

By application, the study containing the isopropyl ester market reveals segments like flavoring agent, plasticizer, emollient, engine fuel, solvent, and others. 

By end use industry, the global discussion on the isopropyl ester market has been segmented into surfactant & detergent, food, lubricant, pharmaceutical, cosmetics & personal care, and others. Pharmaceutical, cosmetics & personal care, and surfactant & detergent are making substantial progress with the surging demand for the product for better protection against COVID-19. 

Regional Analysis:

Asia Pacific is set to dominate the global market as the production of the isopropyl ester is set to witness a huge demand. The regional market would be backed by the growing demand for personal grooming products as Japan, South Korea, and others have increased their footprint in the sector. 

Competitive Landscape:

Procter & Gamble (U.S.), BASF SE (Germany), Sigma-Aldrich Co. LLC (U.S.), Shodhana Laboratories Ltd (India), Oleon NV (Belgium), Alfa Aesar, Thermo Fisher Scientific (U.S), Musim Mas Holdings. (Singapore), Hangzhou Dayangchem Co. Limited (China), and others are some of the prominent names involved in the growth of the isopropyl ester market.

These companies rely heavily on their strategic dealings to make a substantial impact. Their operations include various methods of expansion like mergers, acquisitions, research and development projects, innovation, diversification, branding, launching, partnerships, and others. MRFR recorded the latest moves of these companies to gauge the trend that the market is following or is expected to follow in the coming years. In doing so, MRFR also analyzed the COVID-19 impact to make understanding more comprehensive. 

Industry News:

The global market for isopropyl ester is experiencing a rapid change as the demand for personal grooming products and sanitization kits are getting substantial tailwinds from several quarters. One of the first things that the researchers revealed while understanding the COVID-19 crisis is the importance of washing hands and that too, with products that contain isopropyl alcohol. Since then, the market has been experiencing a huge hike in demand for isopropyl ester, as various brands associated with sanitization are creating traction for the market. In fact, several new entrants have joined the bandwagon to earn more profit from the recent surge in cleaning products. The other thing that is impacting the market is the traction-providers. These end users are not just from the healthcare sector. Sanitization products have permeated across strata and industries as a must-have thing in their list, which is helping the isopropyl ester market in a great way. 

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Isobutyl Acrylate Market | Growth, Size, Share, Demand by Segmentation, Top Key Player and Analysis by 2027

 Regional Analysis

The major regions in the Isopropyl Acrylate Market are Asia Pacific, North America, and Europe. Other important regions in this market includes the Middle East & Africa and Latin America. Asia Pacific is the largest market among the major regions in the global Isobutyl Acrylate  Market  . It accounts for ~40% share of the global Isobutyl Acrylate  Market  . The major markets in this region are India, China, and Japan. This is attributed to the growing construction activities in developing counties in this region. North America is the significant market in the global Isobutyl Acrylate  Market  . U.S. is the largest market in this region owing to the established aerospace industry along with the growing reconstruction activities. Europe is following North America in terms of market size it is holding in the global Isobutyl Acrylate  Market  . Countries namely, U.K., Germany, and France are the leading market in this region on account of the growing automotive and decorative industry. The Middle East & Africa is anticipated to grow at higher rate due to the huge growth and investment potential in this region. Lastly, Latin America may join hand with the leading markets with increasing industrialization and pacifying political scenario of the region.

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Market Overview:

Acrylate is a conjugate ester, salt and base of acrylic acid. Its structural formula consists a vinyl group attached to the carbonyl carbon in acrylic acid. Isobutyl acrylate is one of the esters of acrylic acid. It is a clear colorless chemical compound available in liquid form in the market. Isobutyl acrylate polymerizes exothermically in the presence of heat and light. Isobutyl forms homopolymers and copolymers with acrylic acids, its other esters, and methacrylate. Application of isobutyl acrylates can be found in diverse sectors including construction, paints & coatings, plastics manufacturing, packaging and automotive. It is also majorly used as a feedstock in number of commercial chemical reactions. Global construction adhesives market is anticipated grow at considerable CAGR, which may drive the demand of isobutyl acrylate as an adhesive. Surge in the disposable income of people in developing countries is favoring the growth of major end use industries such as building & construction, decorative, and automobile. This in turn is expected to propel growth of the global Isobutyl Acrylate  Market  .

Competitive Analysis:

·       BASF SE

 

·       Mitsubishi Chemical Corporation

 

·       BAMM

 

·       OSAKA ORGANIC CHEMICAL INDUSRTY LTD.

 

·       NIPPON SHOKUBAI CO., LTD.

 

·       Sigma-Aldrich Co. LLC.

 

·       Solventis Limited

Market Segmentation

The global Isobutyl Acrylate Market   is segmented based on application, end use industry, and region. Based on application, the market is divided into adhesives, sealants, coatings, plasticizers, thermoplastics and chemical intermediates. Among these applications, use of isobutyl acrylates as adhesives and sealants is holding major share of overall demand of isobutyl acrylates. The trend of building a sustainable infrastructure in order to conserve the resources would increase the use isobutyl acrylates in construction activities. People are spending a considerable amount on adding decorative value to the commercial and housing buildings, which may drive the demand of isobutyl acrylates for binding decorative materials such as glazing sheets and foils. With rapid industrialization the number of complex and intense industrial process are increasing in bid to diversify the products. This is expected to fuel the demand of isobutyl acrylate in high pressure and temperature adhesive application. Isobutyl acrylates is also used in manufacturing thermoplastics. The global thermoplastic market is constantly heading north on account of its increasing usage in major end use industries such as automotive, construction, medical, and footwear, among the others. Apart from this, chemicals industry is consuming significant share of over isobutyl acrylate demand, wherein isobutyl acrylate undergoes addition reaction with number of organic and inorganic compounds.

Based on end use industry the global isobutyl acrylate is segmented into building & construction, paints & coatings, automotive, plastics, chemicals and others, wherein the major end use industries are building & construction and paints & coatings. Building & construction industry accounts for 35% of the overall demand of isobutyl in its key end use industries. Increasing standards of living mingled with growing disposable income of people in developing countries is favoring the growth of the global Isobutyl Acrylate  Market  . The decorative materials make considerable use of isobutyl acrylates for binding purpose. Apart from building & construction, paints & coating industry is closely following the same growth trajectory. Automotive industry is leaping constantly owing to an increasing demand of both four and two-wheeler vehicles around the world. The chemicals industry is soaring at higher CAGR in its major regions such as Asia Pacific and North America with the diversification of chemical products to be used in vast number of end use industries such as healthcare, food & beverages, consumer goods and others.

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India Tile Adhesive Market Analysis, Growth, Trends and Forecast by 2027

 

Regional Analysis:

The Tile Adhesive Market for India is expected to reach USD 136.76 Million till, expanding at CAGR of 9.09 % from 2017-2023. The growth market is attributed to boom in construction activities, growing consumption of ceramic tiles and increasing commercial as well as residential construction activities. Moreover, due to rising disposable income and standards of living of the people in this region there is a growing demand of decorative and aesthetically pleasing tiles in both residential as well as commercial buildings, with uses including flooring, wall coverings, countertops, and among other applications.

In addition to this, the major player are earmarking significant chunk of their revenue for R&D in tile adhesives. They are inventing new range of products that provides better adhesion and prolonged bonding ability and expanding their manufacturing capacity in order to cater increasing demand of the product. Major players in this market are, Pidilite Industries Ltd., Henkel, Huntsman, Fosroc, Bostik, MYK Laticrete India Pvt Ltd., Mapei Construction Products India Pvt Ltd., Ardex Endura, and Sika India Private Ltd, among others.

Market Research Future will be publishing a Cooked Research Report on “India Tile Adhesive Market” that contains the information from 2016 to 2023.India Tile Adhesive Market is expected to grow with the CAGR 9.09% during forecast period of 2017 to 2023.

Market Research Future (MRFR) recognizes the following companies as the key players in the India Tile Adhesive Market that includes Pidilite IndIndiatries Ltd., MYK LATICRETE INDIA PVT LTD., Saint-Gobain Weber, Fosroc India, BASF India Ltd., Huntsman Corporation, Kajaria Ceramics Limited, Bostik, H.B. Fuller Company, SIKA INDIA, ADREX Group, and Henkel AG & Co. KGaA, among others. 

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Market Highlights:

Tile Adhesive is a substance that enable the joining of two substrates using adhesion mechanisms (developed between the adhesive and substrate) and cohesive mechanism (developed within the adhesive itself). They have ultimate flexibility, high bond strength, shock & impact and chemical resistance. Tile Adhesives are used to install tiles in residential, commercial and institutional buildings on floors or on walls. The India Tile Adhesive Market is estimated to reach USD 136.76 million by the end of 2023 by growing at a CAGR of 9.08% during 2017-2023. The cementitious Tile Adhesive accounts for the largest share, among the three major types of tile adhesives, owing its comparative low price. Among residential, commercial, and institutional applications of tile adhesives in the India, residential segment is the dominating the market.

Segment Analysis:

India Tile Adhesive Market is segmented on the basis of type, construction activity, application and region. On the basis of type the market is divided into cementitious tile adhesive, epoxy tile adhesive, and dispersion Tile Adhesive. Cementitious tile adhesive is holding the largest share of the market, in terms of overall demand of tile adhesive in India. The major applications of cementitious adhesive in India is as a wall Tile Adhesive and ceramic floor adhesives. Both water resistant cements and polymer modified cements are suitable for internal and external uses, which is favouring the demand of cementitious Tile Adhesive in this market. The cementitious tile adhesive is estimated to grow at highest CAGR of 9.21% to reach throughout the forecast period. Epoxy Tile Adhesive is another important type of tile adhesive in this market. Its application can be found in projects where it is specified in contracts. It exhibit better adhesion of tile with an increased pigment/binder ratio and to help achieve an increased bonding period. Dispersion adhesives account for nearly 25% share of the overall demand of Tile Adhesive in this market. Dispersion tile adhesive holds least share of demand among the three Tile Adhesive in the India Tile Adhesive Market.

Based on construction activity India Tile Adhesive Market is categorized into new construction and repair & renovation. Among them, new construction segment is holding more than 80% share of the market on account of rising aspirations of large middle income group, changing demographics in India and Government of India's commitment to increase expenditure on infrastructural activities to 10% of GDP in the 12th Five-Year Plan.

Lastly, on the basis of application, India Tile Adhesive Market is segmented into residential, commercial, and institutional, wherein the residential segment is projected to dominate the market over the forecast period. The segment is estimated to reach USD 101.16 Million by value, due to the rapid urbanization and flourishing housing construction activities as the number of ambitious programs launched by the government of India.

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High Purity Metal Organics Market: Size, Share, Trends, Demand by Segmentation, Top Key Player and Analysis by 2027

 

Key Players:

Key players in the global high purity metal organics are Azelis Electronics (France), The Dow Chemical Company (U.S.), Sigma-Aldrich Co. LLC (U.S.), Akzo Nobel N.V (Netherlands), American Elements (U.S.), Triveni Chemicals (India), Evans Fine Chem. (India), Albemarle Corporation (U.S.),

Regional Analysis:

Asia Pacific is the estimated to be the fastest growing region among the others such as North America and Europe. It accounts for 40% of share in the global High Purity Metal Organics Market . China, India, Japan and Taiwan are the major contributors in the regional market. Increasing demand of semiconductors for various electronics devices, especially mobile phones in this region is an important factor responsible for driving the growth of market. Indian government has initiated many schemes on the lines of e-governance to facilitate easy delivery of government programs to the doorstep of common people. This drive can stimulate the buyers of mobile phones which in turn would add into the demand of metal organic compounds. In addition to this, the national semiconductor policy of government of India has proposed to increase the domestic production of semiconductor, this can witness rise in the demand of metal organics from the country.

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Moreover, the developing countries in this region are increasingly focusing on the energy conservation and power generation. Almost half of the countries in Asia Pacific, which are located in the tropical belt are members to the International Solar Alliance (ISA). ISA members are obliged to adopt various market measures to facilitate use and deployment of solar energy among them. This would result in rise of demand of metal organics for manufacturing solar cell, which is projected to grow even further. Furthermore, for prevention of road accidents the digital sign boards are gathering consent of authorities for their positioning along the roads. Apart from this the use of LED’s for digital advertisements is increasing, which is anticipated to fuel the growth of the regional High Purity Metal Organics Market .

North America is the second largest region in terms of market size. Along with Asia Pacific it accounts for over 65% of shares of the global high purity metal organics. The major contributors to the regional market are U.S. and Canada due to the huge demand of LED’s in lighting and sign board applications. Apart from the developing countries, U.S has also rapidly undertaken the measures to reduce its high carbon emission by maximizing its production capacity in solar energy. As a result, in coming years the demand of metal organics in this region is expected to propel the growth of regional market. Europe is a substantial region in the global high purity metal organics compound. The use of LED’s in lighting the interior of automobile is an important factor favoring the demand of the product in this region. The countries namely Germany, France, U.K. and Italy are the major contributors owing to the established automobile industry in these countries.

Apart from that the LASER finds its major applications in sectors starting from counter circuits, theft proofing, barcode reading, and metal cutting to entertainment. These trends are anticipated to continue throughout the forecast period in growth of regional High Purity Metal Organics Market . The other regions are Latin America and Middle East & Africa. Among them Latin America is estimated to grow at highest CAGR. The reason behind rapid growth market in Latin America is the increasing end use industries and greater potential production in solar energy. The major contributors are countries such as Brazil and Argentina. Lastly, Middle East & Africa are projected to join hands with the leaders in the global high purity metal organics owing to the huge potential for production of solar energy.

Segmentation:

The global high purity metal organics has been segmented on the basis of type, applications, and region. Based on type the market is segemted into trimethyl aluminum (TMA), trimethyl gallium (TMGa), dimethyl zinc, and ferrocene, and others, wherein TMA is the leading the overall demand in high purity metal organic compounds. On the basis of applications the global High Purity Metal Organics Market  is divided into semiconductors, LED, catalyst, reagent, solar cells, LASER, and others. Among them semiconductor is the leading segment pulling maximum demand of metal organics compounds. Geographically, the market is segmented into Asia Pacific, North America, Europe, Latin Americam, and Middle East & Africa.  

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