Plastic Antioxidants Market | Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027

 

Market Overview:

The inhibitors which are added in the resins to protect the materials or equipment are called Plastic Antioxidants. It has various significant properties such as excellent tensile strength, protection against thermally induced oxidation with impact resistance. It is used to provide flexibility, quality, and durability to the product.

The Global Plastic Antioxidants Market has been driven by its growing consumption in various sectors such as aerospace, automotive, coil, petrochemical, and others. Moreover, it is estimated that the acrylonitrile butadiene styrene resin segment is set to witness the highest growth in the market due to rising substitution of heavy metals by lightweight materials.

Competitive Analysis:

Some of the major players functioning in the Global Plastic Antioxidants Market are BASF SE(Germany), Solvay(Belgium), SI Group, Inc(U.S.), Dover Corporation(U.S.), SAKAI CHEMICAL INDUSTRY CO.,LTD(Japan), Evonik Industries AG(Germany), LANXESS (Germany), Trigon Antioxidants Pvt. Ltd.( India), Krishna Antioxidants Pvt. Ltd( India), Shandong Linyi Sunny Wealth chemicals Co.,Ltd (China), among others.

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Market Segmentation:

The Global Plastic Antioxidants Market is segregated into polymer resin and antioxidants type. On the basis of polymer resin, the market is further categorized into polyethylene, polypropylene, polyvinylchloride, polystyrene, and acrylonitrile butadiene styrene. The most widely used resin type in the market is polypropylene segment, due to its growing consumption in construction and buildings, petrochemical and electronics industries. It is predicted that the acrylonitrile butadiene styrene segment is set to grow at a higher CAGR due to excellent features offered by the product such as tensile strength, optimal performance and ductility. Moreover, the market is driven by the increasing consumption of polyethylene resins in heavy end industries.

On the Basis of Antioxidants Type, the market is segmented into phenolic, phosphite & phosphonite, antioxidant blends. Between these, the phosphite & phosphonite is the leading segment in the market and is anticipated to observe a rapid growth due to its ability to provide counteract the effects of oxidation and corrosion. Moreover, the growing demand of polymers in paints & coating, and automotive sectors is likely to fuel the phenolic segment, owing to its capability to produce free radicals that can damage the cells.

Segmental Analysis:

The Global Plastic Antioxidants Market is spanned across five key regions of the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for plastic antioxidants market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for inhibitors in aerospace, automotive, and energy sectors. A recognized growth is observed in the European region owing to the growing consumption of lightweight materials in food packaging, automotive and aerospace to produce pollution free and efficient vehicles. Moreover, it is projected that the advancing research & development of product in the market has propelled this region to witness a significant growth in Germany, the U.K. and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of inhibitors in oil & gas, petrochemical and automobile industries. Additionally, the growing demand of high performance materials such as polypropylene and polyethylene in architectural, paints and coating industries is projected to boost the market in the Latin American region.

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Hydrogenated Styrene Block Copolymers (HSBC) Market | Research Report with Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2021-2028

 

Market Overview:

India, Maharashtra, Pune - Hydrogenated Styrene Block Copolymers (HSBC) is highly engineered polymeric material, which is synthesized by hydrogenation of Styrene Block Copolymer (SBC). HSBC is a thermoplastic and elastomeric material. HBSC exhibit high thermo-oxidative and UV-stability. HSBC is typified into two materials depending upon the diene it consist. It include Styrene Ethylene Propylene Styrene (SEPS) and styrene ethylene butylene styrene (SEBS). Both, SEPS and SEBS exhibit properties such as an excellent thermal stability, weather ability, high tensile strength, and transparency.

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Being a high performance material HSBC could penetrate into many end use industries such as construction, automotive, healthcare, and rubber among others. Its uses includes coating & films, adhesives, sealants, and plasticizers. The consumer products that can be made out of HSBC vary from handle bar of tools to rubber in construction activities. Moreover, HSBC succeeded in penetrating the evolving food industry, where it is extensively used as a thin edible coating and packaging material. The characteristic feature of HSBC such as higher durability and tensile strength prioritized its use in footwear production.

Key Players:

·      Kraton Corporation

·      China Petrochemical Corporation

·      LYC GROUP

·      Grupo Dynasol

·      The Hexpol group of companies

·      Teknor Apex

Industry Segmentation:

The Global Hydrogenated Styrene Block Copolymer Market is segmented on the basis of type, application, end use industry, and region. Based on type the market is segmented into Styrene Ethylene Propylene Styrene (SEPS) and Styrene Ethylene Butylene Styrene (SEBS), wherein SEBS has comparatively deeper penetration into numerous end use industries. On the basis of For

applications the global HSBC market is divide into coating, films, adhesives, sealants, and others, in which HSBC are majorly used as coatings and adhesives. Based on end use industry the market is segmented into construction, automotive, footwear, chemicals, healthcare and others. Geographically, the global HSBC market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Among them Asia Pacific is estimated to grow at highest CAGR over the forecasted period.

TABLE OF CONTENTS:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Hydrogenated Styrene Block Copolymer Market…to be continued

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Regional Analysis:

The major regions in terms of markets size in the Global HSBC Market are Asia Pacific, North America, and Europe. Other regions include Middle East & Africa, and Latin America, out of which Asia Pacific is the largest market holding over 40% of shares in the global HSBC market. The region has undertaken expansion of its infrastructural projects which is anticipated to propel the demand of HSBC in this region. In addition to construction, automotive industries in this region is pulling the maximum demand in diverse applications. The rise of both construction and automotive industry in this region is projected to continue to pull the demand of HSBC in this region. Following Asia Pacific, North America is the second most significant market for HSBC.

Reconstruction activities and demand from automotive industry are driving the growth of regional HSBC market. Major demand of HSBC in the transportation sector in this region accounted by aircraft industry.  Europe is another substantial market in the Global HSBC Market. Demand of the materials produced from HSBC is majorly used in automotive industry for interiors of luxury cars. Apart from that the healthcare industries have started the use of HSBC in coatings and elastic components for the hygienic products such as sanitary napkins, and diapers. Other regions in the global HSBC market are Middle East & Africa and Latin America. Among them the market of HSBC in Middle East & Africa is estimated to grow healthier owing to high investment potential and raw materials availability. Latin America has little share in global HSBC market which is expected to witness steady changes in coming years.

Intended Audience:

·         Hydrogenated Styrene Block Copolymer manufacturers (HSBC)

·         Traders and distributors of HSBC

·         Research and development institute

·         Potential investors

·         Raw material suppliers

·         National laboratory

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Castor Wax Market - Share, Analysis, Growth, Trends and Forecast by 2027

Market Overview:

Castor wax find its applications in divers sectors namely from  household to the industrial applications it has found its way into various industries. There is still much more to explore about its ever increasing applications over synthetic waxes. Among other applications of castor wax, their use as a lubricant, grease, polishing agent, heat sealing adhesives is leading the market at present, particularly in Asia Pacific. It is anticipated that in the coming years castor wax will see sharp rise in demand in cosmetics and personal care industry. Followed by personal care, healthcare and food & beverages would help push the growth of the market further. This trend is likely to continue for the entire forecast period. In addition to this, the growing sentiments in favor of the use of oleo chemicals is poised to boost the market of castor wax. Asia Pacific is anticipated to remain the largest producer and emerge as lading consumer of castor wax in the coming years.

Competitive Analysis:

Key players in the global Castor Wax Market are Jayant Agro-Organics limited (India), Gokul Refoils and Solvent limited (India), Adya oils and chemicals limited (India), Liaoyang Huaxing chemicals group corp. (India), Hokoku Corporation (China), BOM Brasil Oleo De Mamona (Brazil), Enovel (Brazil), Frank B. Ross Co. Inc. (US).

The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.

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Market Segmentation:

The global Castor Wax Market has been broadly segmented on the basis of applications, end use industries, and region. Based on applications the market is segmented into personal care, healthcare, lubricants, grease, polishing agent, and others. Wherein lubricants and grease dominated the market till 2016, particularly in Asia Pacific. In future, during the forecast period, personal care and healthcare are expected to drive the market forward. Additionally, characteristic features of castor wax such as emulsifier, plasticizer, dispersing agent make them the most preferred ingredient in cosmetics & personal care industry and paints industry as well. The understanding of masses regarding the vast and ever increasing uses of castor wax is growing swiftly which help boost its demand during forecast period. Strict regulations by developed countries against the use of synthetic waxes in various application such as personal care and food coating would see the rise in the global market of castor wax.

On the basis of end use industries global castor waxes market has been divided into cosmetics and personal care industry, paints and coatings industry, pharmaceutical industry, automotive industry, textile industry, paper industry, leather industry, and others. Among them castor wax is majorly used in petroleum industries for manufacturing bio-lubricants and grease, till 2016. Cosmetics and personal care industry is anticipated to lead demand of castor wax during the forecast period and even after that. Growing demand for natural remedies and ayurvedic medicines around the world is expected to boost the market of castor wax in pharmaceutical industry. Research and development initiatives undertaken by industries in diverse sector is expected to push the demand of castor wax. Significant number of industries are shifting from the use of petrochemicals to oleo chemicals. In addition to the government policies, the growing corporate sentiment in favor of green chemistry is anticipated to take the demand for castor wax further.

Regional Analysis

Asia Pacific is leading the global Castor Wax Market . It accounts for more than 50% of its global market share as of 2016. Throughout the forecast period the region is expected to remain dominant. The largest installed capacity of castor wax production and leading cultivator of castor seed in India and China are the propellants of regional market. Apart from that, growing applications of castor wax in cosmetics and personal care, pharmaceuticals, and food industries in the region would be the drivers of growth in the region. The present demand of castor wax in making bio-lubricants and grease, in the region, is also anticipated to grow further during the forecast period. Western Europe is the second largest market for castor wax, followed by Asia Pacific. The regional growth of the market is driven by demand from end use industries namely cosmetics and pharmaceuticals. UK and Germany are expected to lead the regional market owing to increasing industrial and household applications. Latin America stands third in the global Castor Wax Market with Brazil accounting for more than 70% of regional market share.  North America comes third in terms of market size of castor wax in the world. Wherein, USA is the leader followed by Canada. Lastly, other regional markets such as Middle East, Africa, and Eastern Europe are expected join the hands with present leading regional markets to take the global Castor Wax Market ahead during forecast period and even after that.

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Flexo-ink Market Size - Share, Growth, Analysis And Forecast to 2027

 Sun Chemical Group, Flint Group, TOYO INK SC HOLDINGS CO., LTD., HuberGroup Deutschland GmbH, T & K TOKA CO., LTD., SAKATA INX CORPORATION and Siegwerk Druckfarben AG & Co. KGaA among others are some of the prominent players at the forefront of competition in the Global Flexo-ink Market Size and are profiled in MRFR Analysis.

Flexo-ink Market Size – Market Overview

Flexo-ink Market Size are gaining importance in printing industry owing to shorter runs which benefits promoting activities. Packaging being major marketing tool is contributing towards high growth of Flexo-ink Market Size owing to light weight, good aesthetic properties and help the companies to create a brand image. Moreover, improving economic conditions worldwide is significantly standard of living which is anticipated to drive the global Flexo-ink Market Size across end use industries.  

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The global Flexo-ink Market Size is projected to grow with CAGR of 5.72% during forecast period. Growing new technologies in printing industry such as sleeve and adapter technology has contributed more towards improved print quality worldwide, thereby reducing setting time and labor costs. Thus, growing printing industry is another driving factor in the growth of global flexographic inks market. Flexo-inks are available in various forms such as solvent, water and UV based among others. Solvent based flexo-ink has occupied the largest share among the segment in 2016, with 52% market share. Growing demand for solvent-based inks over water based is mainly due to easy penetration of inks on plastic substrates. The main key challenge for water-based inks are more drying time and less press efficiency. Over the years, with increasing government regulations, water based flexo-inks are anticipated to be   evolved as new generation ink market owing to less VOC emissions and lower flammability.  

Flexo inks are prepared combined with resins such as acrylic resin, polyamide resins, cellulosic resins, polyurethane resins and vinyl resins among others. Rising demand for acrylic based flexo-ink in corrugated paper and folding cupboards are expected to drive the overall global Flexo-ink Market Size. Further, polyurethane resins are having superior properties such as hardness, cure speed, viscosities, mechanical and thermal properties. Owing to high flexibility, polyurethane based flexo ink has gained importance in solvent based Flexo-ink Market Size. However, to balance the demand of flexo-ink with surging application such as flexible packaging in different regions are likely to open new opportunities for market players. In addition, increase in standard of living and changing climatic conditions are the factors driving the packaging industry in global Flexo-ink Market Size.

Asia Pacific region is dominating region and accounted for 40% market share in global Flexo-ink Market Size. Growing investments in R&D for innovative products packaging across cosmetics and pharmaceuticals has significantly propelled the market growth in this region. Europe witnessed considerable growth in global Flexo-ink Market Size. Stern regulations regarding minimal VOC contain or free VOC contain products are driving high attention in developed regions. Moreover, growing demand for ready to eat meals among consumer with new labels and advertisement campaign are expected to augment the market growth in this region. North America flexo ink market witnessed significant growth with CAGR of 5.39% during forecast period. Key players in food & beverage industry based in U.S. and Canada are spending more on outdoor advertisements which are further anticipated to drive the market growth.

Flexo-ink Market Size – Competitive Analysis:

Flexo-ink Market Size appears to be fragmented market owning to the presence of numerous small and large players active in regional market. The strategies traced from the analysis of recent developments of the key players include acquisition and expansion. For instance, Sun Chemical company opened a new automated and advanced technology production facility in Turkey to meet demand of solvent based flexible packaging. Migration of pharmaceutical industries to emerging markets in order to tap opportunities are further fuelling the growth of Flexo-ink Market Size. Product development and joint venture or collaboration are some of the strategies followed by regional players. Companies like Sun Chemical and BASF are developing solvent free inks to achieve sustainable growth in coming years. Moreover, flint group introduced new range of polyurethane-based inks for high performance flexo printing in packaging industry.

Industry/ Innovation/ Related News:

March 2017 - Sun Chemical Forms joint venture with Alliance Holding Company, LTD. The joint venture, which will operate under the name Sun Chemical Saudi Arabia LTD, combines two of the leading ink suppliers to the packaging and publication market in Saudi Arabia region. This venture also helps to reinforce the growing packaging printing market across the Middle East & Africa.

April 2017 – Sun Chemical launched High Performance UV Flexo Inks based on Next Generation Ink Platform. The new range such as ‘SolarFlex Integra’ and ‘SolarFlex FSP’ are added to global solarflex family replacing the SolarFlex Nova SL range. The new SolarFlex Integra inks are designed for label, sleeve and packaged materials. The company has maintained the food packaging regulation and covered the requirement for migration compliant. The SolarFlex FSP is used for surface printing on flexible films and labels where requirement for migration-compliant food packaging has met.

April 2017 –Flint Group, a printing manufacturer has opened a new development facility for paper & board packaging ink known as ‘Global Innovation Centre’ in Sweden. With state of art facility including analytical tools, contemporary printing press along with innovative workflow has opened new avenues for company to meet customer requirements. This facility provides design developments in paper & board packaging ink business.

January 2017 – Toyo Ink successfully developed Elex-one series of EB curable flexo inks which is completely VOC free. The new Elex-one series mainly used for application such as flexible and carton packaging applications. Growing regulatory norms, has led to the demand for VOC and CO2 reducing technology which gained high importance in North America and European regions.

 February 2017 - Hubergroup is under expansion plan in eastern Europe. The printing-ink manufacturer opens new distribution centres in Russia and Balkans to serve better service to Eastern Europe. The two service centres are improving level of service in Russia market. The first mixing station are for low migration inks in Balkans to meet the growing demand of quality MGA spot inks for food packaging and tobacco products in the region.

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Anhydrides Market Size | Growth, Share, Trends, Analysis by 2027

 

Market Overview:

Anhydrides is used in various industry such as construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and other industry. It is highly used in various applications such as pesticides, plasticizer, dye & pigments, additives, flavors, and others. In addition, the growing agriculture, pharmaceutical, and construction industry is driving the Anhydrides Market Size globally. On the basis of geography, market share of anhydrides is high in Asia Pacific region and is also expected to increase at a high growth rate as compared to other regions such as Europe, North America, Latin America and Middle East.

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Market Segmentation:

Global Anhydrides Market Size is segmented by composition, type, applications, end user industry, and region. On the basis of composition the Anhydrides Market Size is bifurcate as organic and inorganic anhydrides. Whereas, on the basis of types Anhydrides Market Size is segmented as acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others. Among all types acetic anhydride which is also known as ethanoic anhydride, transparent liquid that smells strongly of acetic acid, is a major industrial chemical widely applicable during the production of acetate esters such as cellulose acetate which is a component of photographic film and other coated materials and mainly utilize in the production of cigarette. Acetic anhydride widely used as a reagent in organic synthesis such as aspirin, salicylic acid, polymers, dyes, flavors, fragrances, etc. However, falling consumption of acetic anhydride in cellulose acetate for domestic consumption can have major negative influence on the market. Secondly, maleic anhydride which is highly used in automotive, additives, copolymers, unsaturated polyester resin, and others. Thirdly, isobutryic anhydride is a transparent liquid with a strong acrid odor, used as a raw material for esters such as sucrose acetate isobutyrate. It is used also as a raw material for dyes, agrochemicals, pharmaceutical, food industry, and other chemicals industry. Propionic anhydride is a transparent liquid having a strong odor and high boiling point. It is soluble in chloroform, alcohol, ether, and alkalies. It has various applications such as anesthetics, herbicides, flavorings, fragrance intermediate, and pharmaceuticals. Furthermore, Asia-Pacific region is the largest market for phthalic anhydride due to huge consumption in alkyd resins, plasticizers, and unsaturated polyester resins. Phthalate plasticizers are used for the production of flexible PVC products such as pipes, synthetic leather, cables, shoes, film, etc.

On the basis of application the Anhydrides Market Size is segmented into pesticides, plasticizer, dye & pigments, additives, flavors, and others. On the other hand, on the basis of end user the Anhydrides Market Size is segmented into construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and other industry. Among all industry agriculture, textile, and pharmaceutical industry occupied the highest market share. The increasing consumption of anhydrides in various industry such architectural, pharmaceutical, textile, plastic, and others will drive the global Anhydrides Market Size in the forecasted period.

Regional Analysis 

Asia Pacific is the largest market of anhydrides due to large consumption in agriculture, pharmaceuticals, and textile industry, in China region followed by India and Japan. Increasing demand for textile industry in China, India, Japan, Taiwan, Indonesia, and South Korea has made Asia Pacific largest consumer of the global Anhydrides Market Size followed by increasing in the consumption of Anhydrides Market Size in Europe region. In Europe region, Anhydrides Market Size is drive by agricultural, pharmaceutical, food & beverages, and others industry. In addition, the third largest market of anhydrides is North America region due to large consumption in agriculture and pharmaceutical industry. Moreover, Latin America and Middle East also observed in growth of Anhydrides Market Size due to various application such as pesticides, plasticizer, dye & pigments, additives, flavors, and others.

Competitive analysis- 

ü Huntsman International LLC

ü LANXESS

ü BASF SE

ü Celanese Corporation

ü E. I. du Pont de Nemours and Company

ü Eastman Chemical Company

ü Solvay S.A.

ü Akzo Nobel N.V 

ü SABIC 

ü HaiShun Chemical Co. ltd.

Most of the anhydride manufacturers are assessing the market in order to increase their revenues worldwide such as on JULY 1, 2013 Celanese Corp. intends to sell its acetic anhydride facility in Roussillon, France, and its vinyl acetate monomer (VAM) production unit in Tarragona, Spain. On the other hand, on 22 Nov 2012 Akzo Nobel’s Pulp and Performance Chemicals business, formerly Eka Chemicals, announced that it plans to divest the European alkenyl succinic anhydride (ASA) business, including parts of the production facility in Duren, Germany, to Italian Mare Holding. The two companies have agreed to foresee the achievement of the transaction for the end of the year. 

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Epoxy Composite Market | Size, Share, Growth, Analysis And Forecast to 2027

Epoxy Composites Market – Market Overview

Epoxy resins is low or high molecular weight pre-polymeric or polymeric material which is consist of at least two epoxide groups. It is extensively used in automotive, aerospace & defence, building & construction industries. Apart from these industries, the product find its application in industrial tools, sports equipment, consumer goods, and marine industry. Growing construction activities, rising demand of vehicles and commercial aircrafts from emerging economies are the primary factors driving growth of the market. The light weight vehicle in automotive industry, is set to uplift consumption of plastic over the coming years.

As per Organisation Internationale des Constructeurs d'Automobiles (OICA), automotive industry has produced overall 94.97 million vehicles expanding at 4.5% annual growth in 2016. Lifestyle changes, economic development, increasing spending economic power of middle class population have led the greater adoption of commercial as well as consumer vehicles over the past five years. In addition to this, rapid industrialization fuelling the demand for commercial vehicles and aircrafts year on year. Asia Pacific held major share of the market in 2016 on account of the presence of leading end users such as automotive and building & construction industries.

The trend for light weight vehicles in automotive industry is likely favour growth of the market. As per the industry experts, this trend may continue in the coming years which may consolidate epoxy composite demand. Increasing research & development activities along with growing focus on technological innovations expected to provide fuel for the growth of this market over the review period. On the other hand, global market growth is held back by increasing environmental concern. Key industries across the globe are under tremendous pressure by regulatory bodies to development products which will have least impact on environment. Moreover, consistent price fluctuations in the raw material prices, due to changing crude oil prices, also anticipated to limit the growth of this market. As per the study published by Market Research Future on Epoxy Composites market, the trend for light weight material projected to drive demand for Epoxy Composites in the coming years.

Key Players:

Axiom Materials, Inc. (US), Hexcel Corporation (US), Cytec Solvay Group (Belgium), Koninklijke Ten Cate nv. (Netherlands), Teijin Limited (Japan), Toray Industries, INC. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Rotec Composite Group B.V. (Netherlands), SGL Group (Germany), and Gordon Composites, Inc. (US), among others  are some of the prominent players at the forefront of competition in the Global Epoxy Composites Market and are profiled in MRFR Analysis.

Epoxy Composites Market- Competitive Landscape

The global Epoxy Composites Market is highly matured market driven by flourishing growth in aerospace & defence industry, along with the flourishing transportation sector.  Hexcel Corporation, Teijin Limited, Toray Industries, INC., Rotec Composite Group B.V., Mitsubishi Rayon Co. Ltd. are the key shareholders in this market. Majority of the key market participants are investing in the expansion of their production capacities to strengthen their market position. After addressing dynamic growth in aerospace & defence, automotive industry, and construction industry experts have asserts that this market will be having increasing penetration of new players to enjoy the profitability of this market. Taking into account these trends, the global epoxy composites market is likely to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

December 8, 2017- Hexcel Corporation announced that it has entered into a definitive agreement to acquire the Aerospace & Defence (A&D) business of Oxford Performance Materials (OPM). OPM A&D engages in manufacturing qualified, high-performance thermoplastic, carbon fibre reinforced 3D printed parts for Commercial Aerospace and Space and Defence applications. This development will provide range of new technology solutions to the aerospace and defence customers of Hexcel Corporation in printed parts as well as assembled structures and broader design solutions.

January 5, 2017- Teijin Limited announced the acquisition of all the shares in the Continental Structural Plastics (CSP). The deal was finalized at USD 825 million. CSP will operate into the market as a wholly-owned subsidiary of Teijin and its management team will retain the agility and decision making ability necessary to operate effectively in the automotive industry.

April 1, 2017 - Toray Composites (America), Inc. and Toray Carbon Fibers America, Inc. merged to create a new business called Toray Composite Materials America, Inc. The merger will both firms to leverage on the success by utilizing their collective knowledge and expertise. As a result of this development, both firms will be in a position to jointly invest in innovative and personalized end to end solutions through the consolidation of our North American materials businesses.

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Methyl Isobutyl Ketone Market | Analysis, Growth, Trends, Share, Forecast to 2027

 

Market Overview to 2023:

 

Methyl Isobutyl Ketone (MIBK) is also known as mono-isobutyl ketone. It is a stable, clear, and colorless liquid with a pleasant odor. Around 60% of the MIBK is manufactured by aldol condensation of acetone and its derivative intermediates, mesityl oxide, and diacetone alcohol. Methyl Isobutyl Ketone are found naturally in orange and lemon juice, vinegar, papaya, baked potatoes, grapes, ginger, cheese, milk, plum, mushrooms, and others. MIBK is compatible with many organic materials, which makes it a superior industrial solvent. It is widely used as a chemical intermediate, extracting agent, solvent, and denaturant in numerous end use industries such as pharmaceuticals, agrochemicals, paints & coatings, and automotive among others. Other industries include packaging, rubber manufacturing, and cosmetics.

 

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As per our analysis, some of the prominent market factors and trends identified in the global Methyl Isobutyl Ketone Market include rising demand for MIBK solvent for coatings in automobile and electronics industry, increasing demand for adhesives, paints, and coatings on account of growing construction spending. Additionally, rapid industrialization coupled with rising per capita disposable income is expected to drive the market growth during the review period. Moreover, to meet a diverse set of needs resulted due to huge demand from agrochemical industry is predicted to boost the market growth during the given period. These are widely used in the manufacturing of cosmetics and personal care products, thus, the consumption of MIBK in recent years is set to increase and is likely to fuel the market growth. Regulatory bodies, specifically in developed countries, have imposed stringent regulations on MIBK manufacturers regarding its toxicity level, which is estimated to hamper the market growth over the assessment period.

 

Global Key Players:

 

·       Eastman Chemical Company

 

·       The Dow Chemical Company

 

·       Shell Chemicals

 

·       Arkema Group

 

·       Kumho P&B Chemicals Inc.

 

·       LCY GROUP.

 

·       Celanese Corporation

 

·       Mitsui Chemicals, Inc

 

·       NINGBO OCEANKING CHEMICAL DEVELOPING CORPORATION

 

·       Zhejiang Xinhua Chemical Co.,Ltd.

 

·       Sasol

 

Regional Analysis:  The Methyl Isobutyl Ketone Market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific is estimated to grow at the fastest CAGR during the review period on account of increasing demand from end use industries such as automobiles, agrochemicals, and construction among others. The demand for methyl isobutyl ketone is projected to surge in developing countries such as India, China, and Malaysia due to increasing automobile production and sales. Moreover, ease in availability of raw material, relatively cheap labor cost, and implementation of new development strategies to fulfil the demand for methyl isobutyl ketone in the increasing applications are the prominent factors for the regional market growth.

 

Asia Pacific has emerged as the largest market for methyl isobutyl ketone followed by North America and Europe. North America is expected to witness a steady growth in MIBK market due to the increased usage in pharmaceutical and packaging industries. North American countries such as the U.S. and Canada are among the key contributors in the regional market growth and are expected to witness regional market growth in the upcoming years. Countries in Europe such as Spain, Germany, and the UK have emerged as the regional consumer markets due to developed end use industries and rising consumer spending on personal care products. Additionally, the Middle East & Africa is expected to witness a moderate growth over the forecast period. Rising construction spending in commercial as well as institutional sector, especially, in Qatar, Saudi Arabia, and the United Arab Emirates (UAE) is projected to positively influence methyl isobutyl ketone business during the assessment period.

 

Segmentation:  The global Methyl Isobutyl Ketone Market is segmented based on application, end use industries, and regions. On the basis of application, the market is segmented into solvent, chemical intermediate, extracting agent, denaturant, and others. On the basis of end use industries, the market is categorized into paints & coatings, pharmaceuticals, agrochemical, automotive, and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

 

Geographical Analysis:  The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.  Intended Audience

• Methyl Isobutyl Ketone manufacturers
• Traders and Distributors of methyl isobutyl ketone
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

 

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Liquid Saturated Polyester Resin Market - Analysis, Growth, Trends, Share, Forecast to 2027

 

Market Overview:

Liquid saturated polyester resin is one of the type of saturated polyester in which the polyester backbone is saturated, thus they are not as reactive as unsaturated polyesters. Comparatively they possess low molecular weight which make them suitable for production of plasticizers and as reactants in the manufacturing of urethane polymers, and in linear high molecular weight thermoplastics such as PET. Most commonly reactant for the saturated polyesters are glycol and an acid or anhydride. They offer excellent weather resistance, chemical resistance, provide adhesion to various kind of substrates thus find wide application scope as automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others.

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Some of the prominent factors that positively influence the growth of Liquid Saturated Polyester Resin Market are growing urbanization, improving packaging sector, and rising standard of living. Rising population coupled with increasing demand for packaging products is predicted to fuel the demand for packaging material such as containers and cans, which in turn, propel the demand for liquid saturated polyester resin over the forecast period, 2017 to 2023. Moreover, huge investments by the key operating players in the research and development activities coupled with strong acceptance within the end use industries are expected to fuel the growth of the market during the review period.

Competitive Analysis:

Some of the major players operating in the Liquid Saturated Polyester Resin Market include Royal DSM N.V. (the Netherlands), Evonik Industries (Germany), The Nippon Synthetic Chemical Industry Co.,Ltd (Japan), Stepan Company (U.S.), Arkema S.A. (France), Allnex Group (Belgium), Hitachi Chemical Co., Ltd (Japan), Thai Urethane Plastic Co.,Ltd. (Thailand), NOVARESINE SRL (Italy), Karna Paints (India), Worlee-Chemie GmbH (Germany), and others

Market Segmentation:

Globally, Liquid Saturated Polyester Resin Market is segmented on the basis of application such as automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others. Among these, can & coil coating and automotive paints are expected to hold the larger share as compared to other segments. Rising demand for consumer goods in numerous countries across the globe is the main factor for the significant growth of the segment in the upcoming years. Moreover, increasing automotive production and sales along with the rising consumption of automotive paints is expected to propel the growth of the market during the forecast period. Moreover, liquid saturated polyester resin are widely utilized in the production of industrial paints. Expansion of general industries such as chemical, steel, fertilizer, and consumer goods are predicted to fuel the demand for liquid saturated polyester resin. Additionally, rising construction activities in the developed and developing nations combined the growth of the paints & coatings industry is predicted to give new impetus to the market growth over the assessment period.

Regional Analysis:

Asia Pacific is estimated to be the largest market for liquid saturated polyester resin followed by North America and Europe due to rising demand from numerous sectors such as automotive, packaging, and can & coil coating among others. Numerous countries of Asia Pacific such as China, India, Bangladesh, Vietnam, South Korea, Japan and Malaysia are the fastest growing market for liquid saturated polyester resin, and is predicted to grow with the significant pace during the assessment period. Increasing middle class population, availability of cheap labor & land, and competitive manufacturing costs are also the important factors driving the growth of the market in the Asia Pacific region. North American Liquid Saturated Polyester Resin Market is predicted to witness an average growth with U.S and Canada being the major contributors owing to the expansion of packaging and construction sector. European market is expected to witness a substantial growth in the upcoming years on account of growing demand for liquid saturated polyester resin in packaging and automotive sector.

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About market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Our fast growing industry research firm is backed by a proficient team of research analysts that offers valuable analytics and data with respect to technological and economical advancements. Our deemed analysts perform industrial visits and procure the relevant information from prominent market players. Our key objective is to keep our clients abridged of the potential opportunities and challenges in different markets. We provide step-by-step assistance to our respected clients, via strategic and consulting services to reach a managerial and actionable decision.

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