Structural Adhesives Market Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2023

Market Overview:

Structural adhesive are classified as special type of adhesive which is used to reinforce the bond between two dissimilar and similar substrate. It is designed to hold all types of thermoplastics, material, composite, and metal. The global structural adhesive market has registered significant growth on account of increase usage in automobile industry. Automobile manufacturers have shifted their focus to make light weight and fuel efficient vehicles which in turn is using plastic automotive parts. With the aforementioned reason, the market is expected to witness a significant growth in the upcoming years. According to MRFR analysis, global structural adhesive market grew at USD 18.3 Billion in 2016 and is growing with a healthy CAGR of 7.9% during the period 2016 to 2022.

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Some of the prominent factors behind the market growth are continuous growth of building & construction sector, rising automotive sales, increasing demand for furniture. Urethane structural adhesive hold the largest market share on account of its low cost and excellent properties such as superior elasticity and high durability. Water based structural adhesive technology is the fastest growing technology on account of stringent regulations imposed by various agencies on the use of solvent based adhesive. Furthermore, rapid industrialization along with rising government spending for improving public transport and infrastructure for the betterment of public has anticipated to be the key driving factor for market growth.

Competitive Landscape

Structural adhesive production capacities are concentrated in Asia Pacific with increasing demand from end use industries. Players in structural adhesive market adopted numerous strategies to expand their footprint and increase their market share. The key strategies followed by major players in the global Structural Adhesive Market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. On account of growing demand of structural adhesive in Asia Pacific region, the manufacturers in North American and European region are using acquisition strategy in the Asia Pacific and global market.

·         The Dow Chemical Company

·         Ashland Inc.

·         SIKA AG

·         Henkel AG & Co.

·         Lord Corporation

·         3M

·         Scott Bader Company

·         Arkema S.A

·         Hubei Huitian Adhesive Enterprise Co.

·         Ried B.V. Co.

Industry/ Innovation/ Related News:

August 2017- SIKA acquired ABC sealants, a Turkish based manufacturer of adhesives and sealants. The acquired manufacturing site enhance SIKA’s ability to serve customers in the Turkish market but will also provide manufacturing and distribution hub for the Middle East & Africa.

April 2017- SIKA Corporation introduced Structural Adhesive named as SikaFast-3500 Structural methyl methacrylate (MMA) for application in industrial and transportation. These product withstand their properties at higher temperature. With this product launch the company strengthen its product portfolio for structural adhesive

March 2017- LORD Corporation, one of the leading developer and manufacturer of high performance adhesive products has launched two component epoxy-modified acrylic adhesive named as LORD Versilok® 271/331. This product is capable of bonding a wide range of automotive sheet metals including bare and oily aluminum and hot-dip galvanized and electro-galvanized. With this product launch company has strengthen its position in the global structural adhesive market.

October 2016- LORD Corporation launched two in-mold bonding adhesive named as LORD IMB 3000 and IMB 3010. These product does not require special surface preparation such as plasma or corona and can offer rigid support to structural bond between various substrates. IMB adhesives application include electronics, automotive components, and medical devices. Company has expanded its product portfolio with this product launch.

October 2016- 3M launched new metal bonding acrylic adhesive named as 3M Scotch Weld DP8407NS. This adhesive provide high peel and durability and can withstand its strength at lowest temperature of -40degF. The extreme temperature performance of this product makes it suitable for usage in wide range of substrates. With this product launch the company has expanded its product portfolio and strengthen its position in structural adhesive market

Regional Analysis:

Asia Pacific emerged as the leading market for structural adhesive followed by North America and Europe in 2016. Asia Pacific exhibits the highest market share on account of speedy industrialization along with high demand from end use industries such as building & construction, furniture, and automobile. The market growth is predicted to surge in various countries such as India, Thailand, China, Japan, South Korea, and Indonesia due to tax benefits and ease in availability of raw material and labor. North American market is predicted to witness moderate growth on account of improving commercial construction sector.

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Pharmaceutical Desiccant Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts by 2027

Market Synopsis:

Pharmaceutical desiccants are extensively used for extending the lifespan of medicines. According to Market Research Future (MRFR)’s recent analysis, the global pharmaceutical desiccant market is expected to touch a valuation of USD 191.3 Mn by 2023 exhibiting a CAGR of 4.43% during the assessment period.

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The product is used for absorbing the moisture so that it sustains a standard level of dryness. The growth of the pharmaceutical industry is likely to boost the revenue creation for the players of the pharmaceutical desiccant market in the years to come. In addition, the increasing production of medicines is poised to favor market growth over the next couple of years.

The rising demand for healthcare services, in conjunction with the increasing burden of chronic diseases, is prognosticated to catapult pharmaceutical desiccant market on upward trajectory. Also, the increasing research & development for drug discovery is projected to influence the expansion of the market positively.

Market Segmentation:

Based on type, the global pharmaceutical desiccant market has been segmented into silica gel, carbon clay desiccant, activated, molecular sieves and others. The silica gel segment dominated the growth trajectory of the market in 2015 with around 40% market share under its control. The segment was valued at USD 47.2 Mn in 2015 and is prognosticated to expand at 4.9% CAGR over the forecast period. The product is capable of absorbing high levels of moisture which is expected to drive the proliferation of the segment in the years to come. The activated segment was the second leading segment and was valued at over USD 29 Mn in 2015. It is anticipated to strike a CAGR of 4.16% across the projection period. The product is used for purification and moisture removal.

By End-Use, the pharmaceutical desiccant market has been segmented into tablets, API’s, diagnostic kit, capsules, and nutraceutical product packaging. The tablets segment accounted for the major share of 22% in 2015 and was valued at USD over 200 Mn. It is forecasted to mark a CAGR of 4.85% during the review period. The API segment is projected to gain traction in the forthcoming years. It scaled a valuation of USD 203.5 Mn in 2015 and is projected to register a CAGR of 4.37% over the forecast period.

Competitive Dashboard:

·         Multisorb Technologies

·         E. I. du Pont de Nemours and Company

·         Sanner GmbH

·         Capitol Scientific, Inc

·         Desiccare, Inc

·         CSP Technologies, Inc

·         W. R. Grace & Co

·         Clariant Global

·         Oker-Chemie GmbH

·         Desican Inc

Regional Analysis:

The global pharmaceutical desiccant market, by region, is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest share of the market in 2015 which accounted for around 30% share. The regional segment was valued at USD 35.5 Mn and is anticipated to strike a CAGR of 4.37% over the assessment period. The pharmaceutical industry, as well as the chemical industry, has been observing an upsurge in demand for desiccants. This, in turn, is poised to drive the growth of the regional pharmaceutical desiccant market over the next couple of years.

Europe was valued at USD 31.9 Mn in 2015 and is likely to maintain its second spot over the next few years. The rapid developments in the healthcare sector of the region, coupled with new commercialization models, are expected to boost revenue creation for the players of the pharmaceutical desiccant market in the region. On the other hand, Asia Pacific is anticipated to mark the highest CAGR of 4.67% across the assessment period.

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Steel Processing Market | Revenues, Growth Rates, Pricing, Applications and Market Challenges 2023

Market Scenario:

Global steel processing is generally classified into two types that is primary and secondary steel making. Primary steel processing converts liquid iron from a blast furnace or steel scrap into steel.  This can be done using melting the scrap steel in electric arc furnace. Secondary steel processing includes the refining of crude steel and different operation. Steel can be processed using the combination of iron, alloy and carbon melting together in proportionate basis. Steel can also be processed through hot rolled and cold rolled method. The steel processing market is expected to reach USD 600 Billion by 2022 at a CAGR of approximately 2%.

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On the basis of steel type, carbon steel is expected to grow during the forecast period because it is harder than alloy steel and is widely used in construction industries. Based on the application, construction segment is expected to dominate the global steel processing market during the forecast period. Asia-Pacific is expected to have largest market share in the forecast period.

Regional Analysis:

Asia-Pacific, North America, Latin America, Europe, and Middle East & Africa are the regions analyzed under the scope of the global steel processing market.
The Asia-Pacific market held the largest share for steel processing in 2018 and is expected to dominate the market growth of steel processing during the forecast period. The key factors contributing to the increasing demand for steel processing in the region are rapid industrialization and booming automotive industries, leading to high consumption of steel, which is expected to surge the growth of the steel processing market in the region. For instance, in 2018, according to the Indian Brand Equity Foundation (IBEF) the production of steel in India was sized at 106.5 Mt; furthermore, there has been increasing investments in the field; for instance, Vedanta Group invested USD 3.13 billion for its Jharkhand plant which will be having a capacity of 1 million ton, is further expected to boost the steel processing market in the region.
North America accounted for the second-largest share in the global steel processing market in 2018 and is expected to show healthy growth during the review period. The growth in the regional market is attributed to the presence of the largest aerospace & defense industry and a mature automotive industry which requires different grades of steel for the fabrication of their parts.
Europe holds a prominent market share in the global steel processing market, which is driven by the strict government regulations compelling the industrial leaders of the region to produce low carbon steel to decrease greenhouse gas emission as it affects climate change. For Instance, authorities in Britain have announced USD 474.77 million of spending for low carbon process, which would boost the steel industry in the coming years. Moreover, Germany having the largest automotive industry is another reason for the growth of the steel processing market in the regional market.
The market in the Middle East & Africa is expected to exhibit steady growth in the steel processing market during the forecast period due to the growing building and construction activities in the GCC countries of the region.

Latin America is expected to have a substantial growth in the steel processing market during the forecast period due to increasing automotive and construction industry.

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ü  Steel Authority of India Limited

ü  ThyssenKrupp AG

ü  Jiangsu Shagang Group Company Limited

ü  Severstal PAO

ü  Hebei Iron & Steel Co Ltd

ü  Hyundai Steel Co.

ü  Bridon International Ltd

ü  Kobe Steel, Ltd.

ü  Maanshan Iron & Steel Company Limited

ü  Tata Steel Ltd.

Intended Audience: 

• Coating equipment manufacturers
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Asia-Pacific accounts for the highest market share

Asia-Pacific is expected to witness growth in the forecast period because most of the leading processing providers are mainly focusing on the emerging nations like Asia-Pacific. Also rapid industrial development in this region augments the market growth. North America is expected to grow at a steady rate in the forecast period. European nations have set up their plants in Asia-Pacific region due to low production cost and cheap labor.

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Decorative Laminates Market Size, Share, Investment, Competitive Analysis, and Future Demand till 2022

Market Overview:

Market research future published a raw research report on Global Decorative Laminates that contains the information from 2014 to 2022. Global Decorative laminates is expected to grow with the CAGR of approximately from 2016 to 2022, and with this it is predictable to cross USD Billion by 2022.

Laminates are available either for decorative purpose or for industrial use. Standard laminates are used in normal applications. Whereas, post formable laminates are used in kitchens and offices where a neater look is required, and in places like hospitals and restaurants anti-bacterial laminates are used, where hygiene is extremely important. Moreover, the increased durability, cost efficiency and fewer requirements of skilled labors for installation are some of the factors which are driving the market for decorative laminates. Growth in rebounding construction activity, increased interest in home improvements, and pent-up demand for non-residential upgrades will provide opportunities for decorative laminates market.

The report has analyzed the market based on the three segments: material, product, and application in the regions of North America, Europe, APAC and rest of the world. On the basis of product it includes high pressure laminates, low pressure laminates, edge banding. High-pressure laminates are high-priced and more durable and expected to increase the growth of the decorative laminates market. On the basis of material it is segmented as plastic, paper and vinyl. Additionally on the basis of application it is segmented as residential construction and non-residential construction.

Furniture is referred as largest and fastest growing market due to changing preferences towards furniture and aesthetic values. The scope of the market has widened over many years owing to the flourishing markets of Asia pacific.

Asia pacific will be the largest market Asia pacific is dominating the market for decorative laminates. Increase in purchasing power coupled with growth in residential and non-residential construction are some of the factors which will boost the market demand. Emerging economies such as China and India acts as the most promising market as well as manufacturing capacity for laminated boards continues to expand and acts as a major factor for the growth of the market. Rapid industrialization and increasing trend for customized and attractive interior in homes and offices is anticipated to fuel the decorative laminates market.

Ask for your specific company profile and country level customization on reports. FunderMax (Austria), Kingboard Laminates Holdings Limited(Hong Kong), ronotex GmbH & Co.(U.S.), Kronospan Holdings Limited(Austria), Advanced Technology Inc.(U.S.), Armstrong World Industries Inc.(U.S.), Roseburg Forest Products Company(U.S.), Woodcraft Industries Incorporated(U.S.)

This research report has provides the insights, on various levels of analyses such 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 decorative laminates, including the high-growth regions, countries 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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Sorbitol Market Analysis, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Market Analysis:

The sorbitol market is predicted to expand at an impressive CAGR over the estimated years (2017-2023). Sorbitol simply put, is a fruit-derived sugar and naturally occurs in fruits such as dates, nectarines, peaches, apples and apricots. Besides, it can be produced synthetically as well from glucose. Together with taste, it also has a lot of health benefits, thus is used in various sugar-free foods that are consumed daily. The different fascinating health benefits of taking these low-calorie sugar alternatives include, it promotes dental health, eases constipation, ideal for diabetic people, protects the skin, and cleanses the scalp and hair. Sorbitol is in great demand in the food and beverage industry as it is used to prepare dietary and sugar-free food products. Besides, it is also used as gelling and thickening purpose in chewing gums, bakery products, desserts, frozen food and other forms of confectionery products. Not only this, sorbitol is used in various personal care products owing to its unique properties of thickener and humectant. Products namely mouthwash, toothpaste, creams, moisturizer and others contain sorbitol. In the pharmaceutical industry, it is used to sweeten syrups, medicines tablets.

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Global Key Players

·         Gulshan Polyols Ltd

·         Tereos

·         Sigma-Aldrich Company

·         Qinhuangdao Lihua Starch Company Ltd

·         Daisco

·         Merck Group

·         Ecogreen Oleochemicals Pte. Ltd

·         Ingredion Inc.

·         Archer Daniel Midland

·         Tereos Starch & Sweeteners

·         Cargill Inc.

·         Roquette Freres 

April- Greensboro, NC based Lynette Batton has introduced an effervescent tablet to eliminate offensive mouth odor, discoloration of red wine and cleaning the palate. The excipient contains magnesium oxide, sodium carbonate, sodium chloride, microcrystalline cellulose, potassium bicarbonate, sodium bicarbonate, sorbitol, di-basic calcium phosphate and rice starch.

Market Segmentation

MRFR report provides an extensive segmental analysis of the sorbitol market on the basis of type, function and end-use.

Based on form, it is segmented into crystal form and liquid form. Of these, liquid sorbitol will have the maximum share in the market over the estimated years.

Based on function, the sorbitol market is segmented into humectant, flavoring agent, bulking agent, sweetener and others.

Based on end-user, it is segmented into chemicals, cosmetic & personal care, pharmaceuticals, food and beverage and others (plastic, packaging, paper industry). Of these, personal care will dominate the market over the estimated years.

Regional Analysis

By region, the sorbitol market covers growth opportunities and latest trends across Latin America, North America, Asia Pacific, Middle East and Africa and Europe. Of these, the APAC region will spearhead the market over the estimated years and will also expand at the fastest rate owing to increasing use of sorbitol in the personal care and food and beverage industry. Besides, the purchasing power and growing GDP in the developing regions has augmented the demand for personal care and homecare products which in turn is fueling the market growth in this region. Moreover, growing government investments in retail sectors has led to rapid supply of consumer goods that again is adding to the market growth. China and India are the key contributors here. In North America, the sorbitol market will have considerable growth over the estimated years. This is owing to increasing use of sorbitol in food & beverage industry due to its low-calorie content and also its growing need in the pharmaceutical and cosmetic and personal care industry.

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Insulation Market Industry Overview, Trends and Growth Opportunities Forecasted till 2022

Market Overview:

Insulation is required for building purposes as they serve a variety of reasons. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market.  The global insulation market will expand at a rapid pace with an increase in revenue and an encouraging CAGR in the forecast period.

As the demand for insulation products rises every day, the market for insulation products is expanding in proportion to meet this demand. With increase in construction activities around the world, the demand for insulation products has increased significantly. Rising costs of energy have also supplemented the growth of the sector tremendously. Factors such as increasing rate of urbanization and need for energy efficiency has further bolstered the growth of the market.

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Market Segmentation

The global insulation market has been segmented based on material and application.

By material, the global insulation market has been segmented into fiberglass, plastic fibers, mineral wood, and natural fibers.

By application, the global insulation market has been segmented into residential and non-residential.

Regional Analysis

By region, the global insulation market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

APAC is the largest market for insulation. Prolific growth of the construction industry and high focus on energy conservation are driving the market in APAC. The governments in the region have laid down various regulations which encourage insulation in end use applications.

North America is a significant market driven by steady investments in the real estate market and consumer affinity for green buildings. Continuously expanding construction industry and developments in commercial and residential structures in the US fuels the growth of the market. Government focus on conservation of energy has resulted in the development of standards which advocate the use of insulating materials which induce high demand within the market.

Europe too is an important revenue pocket for the global insulation market. The resurgence of construction activities coupled with towering environmental concerns is favoring the use of structural adhesives. Moreover, growing interest in energy saving and increasing investment in commercial and infrastructure construction is also supporting market growth.

Top 10 Competitive Landscape

ü  CertainTeed Corporation

ü  Huntsman Corporation

ü  Nova Chemicals Corporation

ü  Dow Building Solutions

ü  GAF Materials

ü  Johns Manville

ü  Owens Corning

ü  Knauf Gips

ü  Bayer AG

ü  Atlas Roofing Corporation

Industry Updates

February 2019- Chinese and American researchers have reportedly developed a new variety of aerogel which can be used for insulating applications. The material has robust mechanical and thermal stability as performs exceptionally well in transformation and toughness.

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Building Thermal Insulation Market Growth by Industry Size, Share, Revenue and Forecast Up to 2023

Market Scenario:                        

The global building thermal insulation market is driven by the government and non-government support for thermal insulation along with increasing number of manufacturing units.  The government bodies support thermal insulation as part of energy conservation practices and offer tax benefits and rebates for the same. Furthermore with rapid urbanization, wide usage in applications, and increased investments in construction, the market demands for the global building thermal insulation market is expected to and reach US$ XX Million at the end of the forecasted period and is expected to show a staggering growth at CAGR of X.X% from 2016 to 2021.

Segments Global Building Thermal Insulation market is segmented on the basis of Material, Application, End-use, and Region.  On the basis of material it is segmented as Fiber glass, Mineral wool, PU Foam, and others. On the basis of application it is segmented as residential, commercial and others. On the basis of end-use it is segmented as roofs, walls and floors. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.

Regional Analysis of Global Building Thermal Insulation Market North America is expected to grow rapidly over $XX million by 2021 for global building thermal insulation market. The share is attributed to the increased government support in the form of rebate and other tax benefits to the construction companies. Europe is also expected to grow at CAGR of XX%  respectively from 2016 to 2021.

However, APAC is a growing market for global building thermal insulation with its fast growing market worldwide. It will expand at a CAGR XX% over the forecast period. The region is expected to show rapid economic and infrastructural growth. With lot of investments in the regions of China and India, the construction sector is growing. The inflow of foreign investment in India further augments the market for pre-engineered building.

Key Players: The key players of Global Building Thermal Insulation Market report include- 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. and Kingspan Group Plc.

The report for Global Building Thermal Insulation Market of Market Research Future comprises of 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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