Tungsten Carbide Powder Market by Manufacturers, Regions, Type, Application and Forecast till 2023

Market Overview

Tungsten carbide powder is produced by carburization in a hydrogen atmosphere with tungsten powder and carbon mixture. It offers high thermal conductivity, intense strength, and extreme stiffness, which make it an excellent material of choice for all types of metal forming and cutting tools.

The global tungsten carbide powder market is primarily driven by the increasing demand for industrial machinery in the industrial sector across the globe from various end-use industries such as automotive, aerospace, chemical, and consumer electronics. According to a report about Strategic Technologies for the Army of Twenty-First Century (STAR 21), tungsten carbide can be an alternative to depleted uranium as both of them work against light armor, which may increase the product demand in military & defense sector. Furthermore, the increasing adoption of tungsten carbide for manufacturing 3D printer’s nozzles required in extrusion process can be a potential opportunity for the market growth over the assessment period. According to the International Tungsten Industry Association (ITIA), tungsten shot and ammunition are less hazardous alternatives to poisonous lead for hunting and in military training. According to Stockholm International Peace Research Institute (SIPRI), the total U.S. military expenditure was USD 611 billion in 2016 with a share of around 36% of total world military expenditure, which was followed by China. The increase in military & defense expenditure is likely to propel the market growth over the assessment period. Some of the key development trends noticed in the market include merger, acquisition, and expansion among others. For instance, in November 2014, CERATIZIT Italia, a subsidiary of CERATIZIT announced to acquire the Italian drawing tool manufacturer VAN-Dies by the end of the year. This acquisition led to CERATIZIT becoming a full range provider of tungsten carbide tools in the Italian market and strengthened business in Europe. Furthermore, in December 2016, Umicore announced a share purchase agreement to acquire Eurotunsgtene, a specialized in developing, manufacturing, and marketing metal powders used in diamond tools and hard metal applications. However, the product has been identified toxic by the New Jersey Department of Health and Senior Services. Also, the exposure limits of 5 mg/m3 over an average of 8 hours and 10 hours has been set by National Institute for Occupational Safety and Health (NIOSH) and American Conference of Governmental Industrial Hygienists (ACGIH) respectively. Both the regulatory bodies have set the limit of 10 mg/m3 as a Short Term Exposure Limit (STEL). The limitations on use of the product may challenge the market growth during the forecast period.

Segmentation The global tungsten carbide powder market is segmented on the basis of the grade, application, end-use industry, and region.

On the basis of the grades, the global tungsten carbide powder market is segmented into rotary drilling & mining, metal forming & wear, submicron, corrosion resistant, general purposes, and others.

On the basis of the application, the market is segmented into cutting tools, wear parts, roll & die, diamond tools, mining tools, and abrasive products.

By the end-use industry, the market is segmented into mining & construction, military & defense, industrial engineering, transportation, oil & gas, aerospace, and others.

Regional Analysis The global tungsten carbide powder market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global tungsten carbide powder market in 2016 on account of the high demand from the major end-use industries such as construction, transportation, and aerospace in countries such as Japan, India, China, and others.

North America was the second largest region in the global tungsten carbide powder market in 2016 owing to the high demand from the military & defense, automotive, and aerospace industries.

The high product demand from the manufacturing of various automotive parts in Western European countries is likely to influence the market growth.

The Latin American region is expected to grow significantly due to the growing automotive industry in the region.

The increasing exploration of oil & gas reserves and infrastructural hub present in the GCC countries is likely to drive the market in the region.

Competitive Analysis: Sandvik AB, Kennametal, CERATIZIT S.A., Federal Carbide Company, GuangDong XiangLu Tungsten Co.,Ltd, Nanchang Cemented Carbide Co., Ltd., JAPAN NEW METALS CO., LTD., Umicore, ChinaTungsten, H.C. Starck GmbH, Reade International Corp., Merck KGaA

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Polyurethane Foam Market Phenomenal Growth, Insight and Professional Survey Report 2023

Polyurethane foam is obtained by reacting polyols with diisocyanates. Based on type, polyurethane foam can be classified as flexible, rigid, or spray. Flexible foam finds applications in bedding, furnishing, transportation industries, packaging, and textile & fibers due to lightweight, durability, comfort, and resilience. Rigid & spray foam, however, finds applications in building & construction and freezer & refrigerators owing to good insulation properties.

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The global demand for polyurethane foam market is surging in the construction industry due to the increased use in roof & wall insulation, insulated windows, and doors & air barrier sealants. Increasing investments on commercial construction activities by the government for infrastructural development in developing countries is further augmenting the demand. Additionally, expanding residential construction activities in the developing nations coupled with improving living standard and rapid urbanization is fuelling the demand for polyurethane foams in construction industry. Increased efforts to make energy efficient buildings is expected to offer opportunities to the polyurethane foam market for both, developed and developing nations.

Burgeoning automotive industry growth with enlarging demand for lightweight vehicles to reduce environmental issues is uplifting the market growth, globally. The product is being increasingly used in seats, heating, ventilation, & air conditioning, interior panels, and headliners. Environmental regulations such as Environmental Protection Agency and European Environment Agency that are set by the regulatory authorities to reduce carbon emissions in the developed nations, such as U.S., enhances the polyurethane foam demand in the automotive sector.

The product consumption is increasing in the furnishing industry due to the escalating demand for multi-functional and technology-driven furniture by people living in smaller spaces. Increasing use of polyurethane foam in packaging industry to package printed circuit boards, electronics, jewelry, and food products owing to lightweight, shock resistance, and resilience is driving the market growth.

Regional Analysis: Asia Pacific accounted for the largest market share in the polyurethane foam market in 2017 and is expected to witness significant growth during the review period. Growing construction industry with rising investment by the Indian government in various projects such as Smart Cities Mission, Green Energy Corridor, wind, and solar power projects is likely to boost the polyurethane foam demand over the forecast period.

North America is the prominent region for polyurethane foam market owing to the expanding transportation sector including automotive, aviation, and marine industry. Flourishing construction industry with increasing focus on manufacturing energy efficient buildings under green building concept is propelling the market growth. For instance, according to the U.S. Department of Energy, 40 % of total energy is consumed by buildings in U.S.

Europe is likely to witness significant growth during the review period with expanding packaging industry. Growing production of packaged beverages & food products due to convenience and improved shelf life is fuelling the demand in this region.

Latin America region is expected to exhibit considerable growth with respect to growing construction and automotive sectors, especially in Brazil and Mexico.  The Middle East and Africa is likely to witness substantial growth during the review period on account of bolstering growth of HVAC industry in the region.

Segmentation: The global polyurethane foam market is segmented into type, application, and region.

On the basis of type, the market is segmented into rigid, flexible, and spray.

On the basis of application, the market is segmented into building & construction, transportation, furnishing, bedding, packaging, freezer & refrigerator, textile & fibers, and other.

Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players: Some of the key players in the global polyurethane foam market are BASF SE (Germany), DowDuPont (U.S.), Bayer CropScience Limited (Germany), SEKISUI CHEMICAL CO., LTD (Japan), Saint Gobain S.A. (France), Huntsman International LLC (U.S.), Trelleborg AB (Sweden), Tosoh Corporation (Japan), LANXESS (Germany), INOAC CORPORATION (Japan), Future Foam (U.S.), Universal Foam Products (U.S.), and Armacell International S.A (Germany).

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Caustic Soda Market Size, Share, Emerging Trend, Industry Demand by Forecast to 2027

Industry News:

The fact that market players in the caustic soda industry will considerably contribute to the growth of the business can be cited through the recent announcement by Gujarat Alkalies and Chemicals that it will be expanding its caustic soda plant at the Dahej Complex. The capacity of the plant will be increased from 785 MTPD to 1310 MTPD. An investment of Rs. 875 crore will be made for the proposed expansion. It expected that on implementation, the project will contribute around Rs. 480 crores to the sales of the company.

Competitive Scenario:

·         Dow DuPont

·         Solvay

·         Occidental Petroleum Corporation

·         Xinjiang Zhongtai Chemical Co. Ltd

·         Olin Corporation

·         Formosa Plastics Corporation

·         Gujarat Alkalies and Chemicals Limited Tata Chemicals Limited

·         AkzoNobel NV

·         Westlake Chemical Corporation

Market Overview:

The global caustic soda market is expected to expand significantly over 2019-2027 owing to various end user industries that require caustic soda in several chemical procedures. Increasing use of aluminum in the automotive industry due to light weighting of vehicles to enhance fuel efficiency has resulted in the increased demand for alumina in the automotive industry as caustic soda is used in alumina production. The paper and pulp industry have also been expanding and the use of caustic soda in paper bleaching has been adding impetus to caustic soda market growth. Environmental impact of carbon emission due to energy-intensive operations has resulted in hampering the growth of the caustic soda market. However, membrane cell technology that has been developed to surpass some of the concerns is expected to counter such deterring factors for the caustic soda market. Over 2019-2027, caustic soda market CAGR is anticipated to be 5.92% and market value might surpass USD 63,415.1 million by 2027.

Market Segmentation:

Caustic soda market has been segmented based on type and application.

Based on type, caustic soda market is divided into lye, flake and others. Lye caustic soda market share had been the highest at 67% in 2018. Over the forecast period, due to its wide usage as a chemical, lye is anticipated to register a CAGR of 4.5%. Caustic Soda flake, a solid, hygroscopic and white odorless substance will hold the second largest share in the caustic soda market during the coming years.

Application-wise, 18.4% share of the caustic soda market share was claimed by the alumina segment in 2018. By 2027, alumina segment of caustic soda market share is anticipated to increase to 19.4% and thus retain its dominant position in the market as caustic soda is used in alumina refineries for separation of alumina from bauxite to produce aluminum. Caustic soda is also widely used in bleaching of pulp and therefore the paper and pulp industry will also account for a considerable share in the caustic soda market. In 2018, paper and pulp accounted for 17.6% share of the caustic soda market.

Organic chemical segment that accounted for 14.8% caustic soda market share in 2018 is the third largest application segment for the chemical. Due to the role caustic soda plays as a reactant in the production process of various organic chemicals, the organic chemical segment is slated to witness CAGR of over 5% during the forecast period.

Regional Analysis:

Caustic soda market is evaluated based on various geographical regions which include the Americas, Europe, Asia-Pacific and Middle East & Africa.

Asia-Pacific due to favorable regulatory policies and rapid industrialization witnessed in the region is expected to be the largest caustic soda market. In 2018, Asia-Pacific region accounted for 52.3% share in the caustic soda market and is anticipated to register a CAGR of over 5.5% during the forecast period. China has accounted for the largest revenue in Asia-Pacific caustic soda market in 2018 and the trend is expected to witness a 4.6% CAGR during the forecast period.

In 2018, North America was the second-largest regional caustic soda market owing to the expansive demand for the chemical in paper & pulp industry. Over the forecast period North America caustic soda market is anticipated to register a 4% CAGR. The U.S. accounted for a comparatively higher market share in 2018 and is anticipated to register the highest CAGR in the region of around 4% during the forecast period. Owing to the presence of industries such as dyes & inks, chemical, textile and water treatment which are essential end users of caustic soda, Canada caustic soda market is projected to exhibit a CAGR of over 3.5%.

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Carbon Fiber in Automotive Market Sales, Industry Latest News, and Consumption by Forecast to 2023

Market Overview to 2023:

Carbon fiber is material that is composed of carbon atoms with diameter of about 5 to 10 micrometers. Carbon fiber offers many properties, which includes light weight, high strength-to-weight ratio, very high modulus elasticity-to-weight ratio, high strength, and corrosion resistance. There have been efforts to introduce carbon fiber in mass production for passenger cars, which include companies such as Ford, and General Motors. Some of the concept cars are also making extensive use of carbon fiber composites so as to make the vehicle light weight. In India, the National Aeronautical Laboratory (NAL) has developed technology for the production of carbon fiber.

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The wide spread use of carbon fiber is expected to drive the market in future. Carbon Fiber is five times stronger than metal, which is heavier in weight. The heavy weight of metal reduces the efficiency of vehicle makes it less likely for the car manufacturers to use it.  The light weight property of carbon fiber makes it easier to adopt in car manufacture. The  various applications of carbon fiber are vehicle exterior, power train system, under body system, chassis system, and interior. The increased use of carbon fiber in exterior components is expected to drive the market in near future.

Top 10 Key Players:

ü  Formosa Plastic Corp

ü  Holding Company "Composite"

ü  ZOLTEK

ü  Axon

ü  Plasan Carbon Composites

ü  3MB Co., Ltd.

ü  Toray

ü  Hexcel

ü  Cytec Solvey Group

ü  SGL

ü  DOWAKSA

ü  Hyosung Corporation

ü   

ü  GURIT

ü  Rivers Carbon Technologies

ü  Sigmatex Ltd

Scope of the Report

This study provides an overview of the global carbon fiber in automotive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carbon Fiber in Automotive market by its material type, application type, vehicle type, and region

By Material Type

• Sheet Molding Compound (SMC)
• Short Fiber Thermoplastic (SFT)
• Long Fiber Thermoplastic (LFT)
• Prepreg
• Others

By Application Type

• Exterior
• Power Train System
• Under Body System
• Chassis System
• Interior
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

The report for Carbon Fiber in Automotive Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Building Thermal Insulation Market Overview by Brands, Regions, Applications, Types, Forecast to 2025

Market Insights

According to Market Research Future Reports, the global building thermal insulation market is set to proliferate at a higher CAGR from 2020 to 2025.

Thermal insulation is referred to as a method which helps in reducing heat transfer between adjacent environments and maintains an ambient temperature indoors. Building thermal insulation in buildings contributes to reduce the carbon footprint as well as maintain the temperature and confines the heat to the external environment. Eventually, thermally insulated homes and buildings are less affected by external environmental temperature. By having such immense properties, the global building thermal insulation market is on the verge of expansion at a higher CAGR during the forecast period.

Drivers & Trends

The Global Building Thermal Insulation Market is driven by factors such as the increasing costs of energy and raising awareness concerning energy conservation. These are some of the key factors that are escalating the building thermal insulation market size phenomenally. Various government bodies, across the globe, are trying to initiate regulations and policies in support of the demand for insulation in commercial buildings, which eventually are expected to drive growth in the building thermal insulation market.

More factors regarding the proliferation of the building thermal insulation market are high energy saving, reduced carbon footprints, and easy product availability is the key one that is continually fueling building thermal insulation market. By the help of heat insulation in buildings, heat loss occurs in building through the walls, roofs, and floors with accounting for more than 70 percent. More benefits such as room temperature maintenance at minimum possible energy consumption, thus increasing product penetration will stimulate the global building thermal insulation market in positive ways.

On the other hand, increasing concerns related to the environment are also expected to prove to be a key opportunity for the growth of building thermal insulation market during the forecast period. Apart from this, some variations in color, texture, surface finish, etc., in thermal insulation materials also vary in performance. Even though the specification of material is mostly dependent upon the nature of the application, it is essential for manufacturers and contractors to study the external factors which are likely to influence the final installation decision. This importance is making the market to expand at an exponential rate, especially in the developed regions.

Key Players

·         Knauf Insulation

·         Rockwool International A/S

·         Johns Manville Inc.

·         Atlas Roofing Corporation

·         BASF SE

·         Owens Corning Corporation

·         Certain Teed Corporation

·         Dow Building solutions

·         Paroc Group

·         Huntsman International LLC

·         Saint-Gobain Group

·         Johns Manville Inc.

·         Knauf Insulation GmbH

·         GAF Material Corporation

·         Beijing New Building Material Co. Ltd.

·         Kingspan Group Plc

Market Segmentation:

In the reports of Market Research Future Reports, the Global Building Thermal Insulation Market has been segmented based on material, application, end-use, and region. 

By the mode of material, the market is segmented as fiberglass, mineral wool, PU Foam, and others.

By the mode of application, the market is segmented as residential, commercial, and others.

By the mode of end-use, the market is segmented as roofs, walls, and floors.

Regional Outlook:

On the geographical note, the global building thermal insulation has covered the main regions of North America, Europe, APAC, and Rest of the World.

Among all, North America is expected to proliferate rapidly by 2025 for building thermal insulation market where the share is attributed to the increased government support in the form of rebate and other tax benefits to the construction companies.

However, the Asia Pacific region is a growing market for global building thermal insulation with its fast-growing market over the forecast period. This region is expected to display rapid economic and infrastructural growth owing to many investments in countries such as China and India. Hence the construction sector is growing. The influx of foreign investment in India is also augmenting the market for building thermal insulation market and will do in the years to come.

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Phase-Transfer Catalyst Market Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2023

Market Overview

The global phase-transfer catalyst market is expected to witness significant growth during the forecast period owing to its increasing application in pharmaceuticals and agrochemicals. The growth of the global market is primarily driven due to the extensive use of the product in green chemistry. The adoption of green chemistry is increasing on the backdrop of its benefits such as reduced waste, energy and water saving, low toxicity, and higher yields of chemicals.

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Key Players

·         Tokyo Chemical Industry Co., Ltd.

·         SACHEM Inc.

·         Nippon Chemical Industrial CO., LTD.

·         Dishman Group

·         PAT IMPEX

·         Tatva Chintan Pharma Chem Pvt. Ltd.

·         Central Drug House

·         Ottokemi

·         GFS Chemicals, Inc.

·         PACIFIC ORGANICS PVT Ltd

Market Segmentation

The Global Phase-Transfer Catalyst Market has been segmented based on type, application, and region.

By type, the global market is segmented into ammonium salts, phosphonium salts, and others. The others segment includes crown ethers and cryptands. Among these, the ammonium salts segment accounted for the largest market share in 2018 on account of their extensive use in chemical synthesis. This is due to their low cost, easy availability, and wide scope of application. Apart from this, they can be used in cosmetics and laundry detergents.

Because of application, the global market has been segmented into pharmaceuticals, agrochemicals, and others. The pharmaceuticals segment is further sub-segmented into active pharmaceuticals ingredients and drug formulation. The pharmaceuticals was the dominant segment in 2018, on the backdrop of constant research to develop new medicines.

Regional Analysis

The global market, by region, has been segmented into five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific emerged as the fastest-growing regional market owing to the high demand for agrochemicals in the agricultural industry in the region. Moreover, the growth of the pharmaceuticals industry on account of the growing geriatric population and increasing R&D are expected to fuel the regional market growth during the forecast period. The North American and European markets are expected to witness healthy growths due to expanding pharmaceutical base and increasing investments related to R&D for new product development.

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Hydrogen Peroxide Market Supplier, Manufacture, Boost Growth, Key Developments and Report 2023

Market Insights:

Hydrogen Peroxide is a pale blue liquid with strong oxidizing properties and hence is widely used in bleaching applications in the pulp & paper and textile industries. Kraft pulp is one of the most important pulp type and hydrogen peroxide is used in multi-stage processes for bleaching purpose.  The application of hydrogen peroxide allows to enhance the brightness levels and improved brightness stability, low residue of halogenated compounds both in pulp (OX) and in effluent (AOX), optimized economy through savings in the total chemicals required, and low effluent color. In addition, hydrogen peroxide finds wide applications in the textile industry for bleaching of both natural and synthetic fibers. Significant growth of the textile industry in Asia-Pacific is likely to boost demand for hydrogen peroxide in the coming years.

Top 10 Companies:

·         Solvay

·         Evonik Industries AG

·         Kemira

·         Arkema SA

·         Mitsubishi Gas Chemical Company Inc

·         Nouryon

·         Chang Chun Group

·         National Peroxide Ltd

·         FMC Corporation

·         OCI Company Ltd

·         Indian Peroxide Limited

·         Thai Peroxide Co. Limited

·         Merck KGaA

·         Huatai Group

·         Hansol Chemical

Market Segmentation:

The global hydrogen peroxide market has been categorized based on grade, application, and end-use industry.

By grade, the market has been segmented into standard, chemical, cosmetic, aseptic, food, semiconductor, and others. The standard grade segment accounted for the largest market share in 2017 and is expected to be fastest growing grade segment during the review period. This can be attributed to the widespread application of standard grade hydrogen peroxide in pulp & paper, mining, textile industries, as well as in environmental applications. Increasing environmental awareness and stringent environmental regulations pertaining to the waste water and effluent from various industries is likely to boost demand for the product during the forecast period. 

Based on application, the global hydrogen peroxide market has been classified into bleaching, environmental, oxidation, packaging, disinfectant, propellant, and others. The bleaching segment was the dominant application in 2017 and is expected to be the leading application segment during the review period. The key factors driving growth of this segment are largescale consumption of the product in pulp & paper and textile industry as a bleaching agent. Furthermore, it is consumed for bleaching applications in food processing; recycling of precious metals, rare earth elements and other key materials from industrial and domestic waste, and paper; and cosmetics products.

Based on end-use industry, the global hydrogen peroxide market has been categorized as pulp & paper, textile, chemicals, food & beverage, personal care & cosmetics, healthcare, electronics, mining, and others. The pulp & paper is projected to be the leading end-use industry segment during the forecast period.

Regional Analysis

The global hydrogen peroxide market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the leading regional market during the forecast period. The hydrogen peroxide is dominated by the pulp & paper industry. Significant growth of this industry in the Southeast Asia is expected to be the prominent factor driving growth of the regional market during the forecast period.

Browse key industry insights spread across 140 pages with data tables and figures of the report “Hydrogen Peroxide Market: Information by Grade (Standard, Chemical, Aseptic, Semiconductor), Application (Bleaching, Oxidation, Environmental), End-Use Industry (Pulp & Paper, Chemicals, Textile, Food & Beverage), and Region — Global Forecast till 2023” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/hydrogen-peroxide-market-7396