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

 

Market Highlights

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

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

Regional Analysis

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

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

Segmental Analysis

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

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

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

Key Findings of the Study:

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

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

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

 Market Overview

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

Competitive Analysis

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

Drivers and Restraints

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

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Segmental Analysis

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

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

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

Regional Analysis

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

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

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

 Market Scenario

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

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Market Segmentation

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

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

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

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

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

Competitive Analysis

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

Regional Analysis

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

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

 Market Overview:

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

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Segmentation:

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

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

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

Regional Analysis:

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

Competitive Landscape:

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

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

Industry News:

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

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

 Regional Analysis

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

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Market Overview:

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

Competitive Analysis:

·       BASF SE

 

·       Mitsubishi Chemical Corporation

 

·       BAMM

 

·       OSAKA ORGANIC CHEMICAL INDUSRTY LTD.

 

·       NIPPON SHOKUBAI CO., LTD.

 

·       Sigma-Aldrich Co. LLC.

 

·       Solventis Limited

Market Segmentation

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

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

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

 

Regional Analysis:

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

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

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

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

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Market Highlights:

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

Segment Analysis:

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

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

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

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

 

Key Players:

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

Regional Analysis:

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

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

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

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

Segmentation:

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

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Hexane Market Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2021-2027

 

Competitive analysis

Some of the prominent players operating in the global hexane market are Royal Dutch Shell plc (the Netherlands), Phillips 66 Company (U.S.), Exxon Mobil Corporation (U.S.), Bharat Petroleum Corporation Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Liaoyang Yufeng Chemical Co., Ltd. (China), China Petroleum & Chemical Corporation (China), Chevron Phillips Chemical Company (U.S.), Rompetrol S.A. (Romania), and Junyuan Petroleum Group (China) among others.

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Market Overview:

Hexane is an unreactive, colorless, odorless and relatively cost-effective solvent. It is insoluble in water and highly flammable, volatile, and colorless liquid. It is widely used in the manufacturing and extraction of edible oils from nut and vegetable crops, such as soybeans and peanuts. Hexane is used as a solvent for glues and varnishes. Furthermore, it is used as a cleaning agent known as a degreaser in the printing industry. However, some industrially obtained solvents contain methyl cyclopentane compound, which can alter hexane’s properties.

As per our analysis, some of the prominent market factors and trends identified in the global hexane market include rapidly increasing food processing industries owing to food supply to expanding the population, rising demand for leather products, and increasing expenditure on research activities. Hexane formulations play a vital role in the manufacturing leather products. Leather goods are anticipated to observe higher growth rates. Additionally, self-grooming and styling are the major trends, which are predicted to drive the hexane market. Excellent immiscibility, cleaning, and degreasing properties of hexane are anticipated to drive the market growth during the forecast period. Growing demand for refined oils remains the key growth-inducing factor where hexane is utilized as an extraction solvent. However, the presence of toxic contaminants in hexane solvent, which is wholly utilized in the food processing industry, pose a threat to the growth of hexane market in the assessment period.

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Market Segmentation

The global hexane market is categorized on the basis of grade, application, and region. On the basis of the grade, the market is bifurcated into polymer and food. On the basis of the application, the hexane market is categorized into the formulation, oil extraction, cleaning agent, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

North American hexane market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the U.S. is predicted to be the major contributor to the regional growth of hexane market and is expected to see a significant demand for hexane during the forecast period, 2017-2023 owing to rising demand for decreasing application in many industries. In Europe, the demand for hexane is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia on account of increasing expenditure in the leather industry and growing purchasing power of consumers. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to the abundant presence of palm oil, which is primarily grown in the tropical region of the world. Asia Pacific hexane market is predicted to grow at a moderate CAGR due to increasing population and expanding food processing industries in India and China.

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Glass Coating Market Size, Share, Trends, Growth and Global Forecast to 2027

 

Market Insight

The global glass coating market is anticipated to grow at a moderate CAGR during the forecast period (2017-2023), reports Market Research Future (MRFR). Glass coating is used to give high performance and surface finish to materials, thus making it essential in a wide array of applications. It provides excellent UV resistance, high optical activity, and cleansing properties. On account of these properties, the global glass coating market during the forecast period is projected to grow phenomenally.

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Moreover, accelerated demand from end-use industries such as construction, paints & coatings, automotive & transport, and others is likely to be of added advantage to the global market growth. Also, the fact that glass coating is utilized to save energy and reduce carbon emissions makes it highly appealing across various industries. Furthermore, increasing sales of vehicles are expected to propel the rise in demand for glass coating, thereby shaping the market size favorably. Another observation made by MRFR is that there has been a steady rise in the construction industry in developed countries as well as developing countries, a major driver that has led to substantial market growth in the recent past.

On the flip side, high cost of coated glass serves as an obstacle in the global glass coatings market growth. However, sidelining the restraints, it is noted as per analysis that the future prospects for the global market seem bright. This growth can be partially attributed to new solar panel glass windows that require specific coating. Hence, new emerging applications of glass coating in a plethora of industries mark the positive rise the market is witnessing. For instance, in May 2018, ZNShine Solar launched the G12 evolution era series which are used to increase light transmission performance of the glass when used as coating.

Market Segmentation

As per MRFR analysis, the market has been segmented on the basis of type, technology, and application.

The type segment is sub-segmented into pyrolytic coating, magnetron sputtering coating, and sol-gel coatings. Among all types, pyrolytic coating claims the maximum market share of the global glass coatings market. Pyrolytic coatings are applied using chemical vapor deposition method, which offers excellent optical activity performance. On the other hand, magnetron sputtering coating comes second holding the second-largest market share. It is applied via physical vapor deposition method, and it helps reduce thermal damage and also improves secondary electron emission. Whereas, the sol-gel coatings are prepared by wet-chemical technique that helps protect the glass from abrasion, corrosion resistance and also provide long-lasting duration. The report predicts that the sol-gel coating segment is set to surge at the highest CAGR during the forecast period.

The technology segment is sub-segmented into nano glass coating and liquid glass coating. Nano glass coating provides various benefits such as durability, protecting paint from naturally acidic contaminants and ultra violet damage and also act as a barrier between the vehicle and scratches. These advantages make them ideal for glass coating, triggering their demand. Nano glass coating is projected to dominate the global market during the forecast period.

The application segment is sub-segmented into construction, paints & coatings, automotive and transport, marine, aviation, aerospace, and others. Among these, the construction industry is expected to grow at the highest CAGR during the forecast period. Glass coating is in high demand in construction due to various benefits, such as energy efficiency, visible transmittance, greenhouse effect and high strength.

Regional Analysis

The global glass coating market is regionally segmented on the basis of Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Globally, Asia Pacific holds a significant share of the global glass coating market trailed by Europe and North America owing to its growing applications in end-user industries such as construction, paints & coating, marine, and others.

Technological advancement in the field has boosted the market growth in North America as well as countries in Europe such as Germany, Italy, the U.K, and France. Continuous research and development activities adopted by the regional market players leads to new and more enhanced products, resulting in a sharp rise in the demand for glass coating in the region.

The global market has also witnessed tremendous development in the Middle East & Africa region due to prominent trends such as energy storage and optical effect. Environmental concerns drive the market growth immensely, as glass coating helps save energy and protects from harmful UV rays as well. Hence, keeping in mind the eco-friendly benefits glass coating provides, the market enjoys massive growth in the region.

Lastly, the Latin America region is estimated to show steady growth on account of increasing usage of glass coating in heavy-end industries throughout the forecast period.

Key Players

The key players competing in the global market are SCHOTT AG (Germany), Kyocera Corp (Japan), PPG Industries (U.S.A.), Morgan Advanced Materials (U.K.), The NSG Group (Japan), Murata Manufacturing Co., Corning Inc.(U.S.A.), and Emirates Float Glass (U.A.E), Saint-Gobain( France) and others.

Industry Development

Huawei's sub-brand Honor has partnered with Flipkart and launched "Honor 9N" in India. The upcoming smartphone will possess a full-view notch display and a 2.5 diameter curved glass design with 12 layers of premium glass with nano coating. This partnership will help Huawei which is a China-based company to strengthen its position in the Indian smartphone market, with the move also affecting the global glass coating market positively in the long run.

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Ethyl Acetate Market Size, Share, Growth, Trends and Global Forecast to 2027

 

Detailed Regional Analysis 

The market is segmented into regions such as Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Among these regions, the Asia Pacific region controls the key share of the market owing to the increasing consumption of Ethyl Acetate Market in the pharmaceutical, food & beverage, textiles, cosmetics, and others. The food & beverages segment leads the major portion of the market and is expected to carry on its domination in the market as a flavor enhancer and add diverse flavors to various products in the industry.

The North American region is rising radically owing to an amplified consumption of ethyl acetate in the decaffeination process to cut the caffeine content of coffee, cocoa and tea leaves. It is forecasted that the rising investment in the end-use industries is expected to direct the market growth through the forecast period. The European market has also witnessed an outstanding level of growth owing to widespread use of ethyl acetate in the production of beverages, wines, and others. The Latin American region is likely to observe a predictable progress in the market owing to the increasing consumption of ethyl acetate in paints & coatings industries and textiles to impart aesthetic look and cost-effective nature to the product.

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Competitive Analysis

The noteworthy success factors in the market are accomplished without difficulty in the market which is contributing to a raised tempo of progress in the forecast period. The innovation in products and services of the markets will modify the progression of the market notably. The market pull and competitors’ propensities are markedly enhanced by the strategies that are being used by market competitors.The heightened level of prominence placed on the variants of the products is growing the number of customers in the market appreciably.

·      Jubilant Life Sciences Ltd

·      The Nippon Synthetic Chemical Industry Co., Ltd

·      EniChem

·      Celanese Corporation

·      PT. Indo Acidatama Tbk

·      INEOS

·      Carbohim – Wood and Chemical Company

·      SEKAB

·      Chiba Ethyl Acetate Co., Ltd

·      Dairen Chemical Corporation

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 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Use

4.2 Porter’s Five Forces Analysis

4.2.1 Threat Of New Entrants

4.2.2 Bargaining Power Of Buyers

4.2.3 Bargaining Power Of Suppliers

4.2.4 Threat Of Substitutes

4.2.5 Intensity Of Competitive Rivalry…..to be continued

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Among the various segments of the Ethyl Acetate Market, the food & beverage segment holds the major portion and is anticipated to continue its dominance as a flavor enhancer in the food production. This product is mainly used in the production of various flavors such as pineapple, bananas, strawberries, and others. It is predicted that the cosmetics segment is set to grow at a higher CAGR due to increasing consumption of ethyl acetate in beauty products such as lip products, nail products, and hair color products to add fragrance, and cost-effective nature to the product. The pharmaceutical segment is projected to expand at a significant rate due to growing use of ethyl acetate as an extraction agent, intermediate in the industry. Additionally, the extraction agents and intermediates are used widely in the production of medicines. Ethyl Acetate Market is used in numerous coating formulations such as epoxies, urethanes, cellulosic, acrylics, vinyl, and others. Therefore, these factors are projected to drive the paints & coating segment during the forecast period.

Segmental Analysis:

The Ethyl Acetate Market  is segmented on the basis of application. By application, the market is segmented into segments such as pharmaceutical, food & beverage, adhesives & sealants, cosmetics, paints & coatings, textiles, and others.

Market Insights:

Ethyl acetate is an organic compound produced by Fischer esterification reaction between ethanol and acetic acid or ethanol dehydrogenation process. The ethanol dehydrogenation process is considered as an economical one and widely used in a chemical plant. It is colorless and possesses a sweet smell. Moreover, changing lifestyle and growing personal care concerns are the important trends and factors promoting the market growth positively. Therefore, they are used in various applications such as food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others.

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Dynamite Market Size, Share, Growth, Trends, Analysis by 2027

 

Market Overview:

Market Research Future (MRFR) recognizes the following companies as the key players in the global Dynamite Market: Hanwha Corp., Incitec Pivot Ltd, Pakistan Ordnance Factory, Austin Powder Gmbh, Eurenco SA, Explosia, Inc., EPC Groupe, Yara, Nitroerg SA, Forcit Group, Titanobel, Solar Industries India Ltd, MAXAMCorp Holding, S.L., Orica Limited, IDL Explosives, Enaex, Anhui Jiangnan, China Poly Group Corporation, BME, NOF Corporation and Ideal Industrial Explosives Ltd. among others.

Market Highlights:

Global dynamite (explosives) market is projected to reach USD 17,973.7 million by 2023 at a CAGR of 5.67% by the end of the forecast period 2017-2023. Increasing development projects such as roads, airports, and railways coupled with growing number of housing projects are expected to augment the market growth.

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Higher production of coal implies higher penetration of explosives. Thus, economic and infrastructural growth leads to a rise in the coal demand. Moreover, increasing demand for ammunition products for the national security of the region and acute need for higher energetic explosives are encouraging R&D investments in end-use industries. However, stringent regulations regarding health safety and toxic emission may hinder the market growth.

Currently, the market is witnessing a high demand for energy due to industrialization and urbanization. For instance, the global energy consumption was pegged at 575 quadrillion British thermal units (Btu) in 2015 which is expected to be pegged at 736 quadrillion Btu towards the end of 2040. Thus, considering this growth coupled with the increasing population and rising investment in the mining industry, the global market for explosives is expected to register a healthy growth over the forecast period.

Segment Analysis

The global explosives market is segmented on the basis of grade, type, application, and region. Based on the type, explosives are segmented as bulk explosives, cartridges of explosives, ammonium nitrate fuel oil (ANFO), nitroglycerine, and others.The bulk explosives accounted for 47% share of the market in 2016 followed by ANFO and cartridges of explosives. The adoption of the bulk emulsion explosives is increasing owing to the cost-effectiveness as compared to cartridge emulsion explosives. Ammonium nitrate fuel oil is prominent and cost-effective blasting agent available for use in small to large size diameter applications. It is basically dry, free-flowing explosive, formulated to ensure effective use in underground development and tunneling applications. Moreover, ample supply of ammonium nitrate, a key raw material for the production of explosives from countries like China, Russia, India, the United States, and Africa is expected to drive the demand for ANFO based explosives in the coming years.

Dynamite Market is further classified as high and low explosives based on grade. Low explosives tend to deflagrate and releases a large number of gases and heat. Propellant of gunpowder and pyrotechnics are a common application of low explosives. Subsequently, high explosives are gaining importance in explosives market on account of high demand for ANFO, RDX and PETN materials across end-user industries including mining and construction.

Based on the application, explosives are used in mining, construction, quarrying, and defense industry. Among the aforementioned applications, mining industry accounted for 68% share of the market in 2016 and is estimated to reach USD 12,414.9 million by 2023. Coal mining is the most prominent application of mining industry. Increase in government expenditure towards extraction of coal from the surface or underground mines and deploying advanced technologies to extract mineral rich resources at a deeper level are anticipated to drive the explosives market in mining segment. For instance, the government of India announced an investment of USD 100 million for underground mines. Additionally, increasing private and public infrastructure activities, especially in emerging economies and public transportation, are likely to boost the overall market growth. Rising consumption of explosives for quarrying operations, which inherently relate to rise in the demand for stone and sand for construction activities accounts for 9% of world mining market. With a substantial increase in the demand for power to meet global demand of growing population are expected to gather momentum over the forecast period.

Geographically, Asia Pacific region dominates the global Dynamite Market. The region is estimated to reach USD 8,298.4 million by 2023 at a CAGR of 6.05% by the end of the forecast period 2017-2023.  China and Australia are leading countries in this region due to rich in mineral deposits and growing number of infrastructural projects. Manufacturers are investing in advance technology for mineral extraction at a deeper level to meet the demand of metal and non-metal industry. Furthermore, Indian government initiative of 100% FDI in the construction industry coupled with defense expenditure of USD 53 billion by 2017-2018 is likely to boost the overall explosives market. Europe and North America witnessed a sluggish growth. Substantial growth in road development projects and transportation industry is expected to drive the explosives market in aforementioned regions.

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Decorative Laminates Market Size, Share, Demand, Analysis, Growth, Trends, Segmentation, Top key Players and Forecast by 2027

 

Asia pacific will be the largest market

Asia pacific is dominating the market for Decorative Laminates Market. 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.

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Ø FunderMax

Ø Kingboard Laminates Holdings Limited

Ø ronotex GmbH & Co.

Ø Kronospan Holdings Limited

Ø Advanced Technology Inc.

Ø Armstrong World Industries Inc.

Ø Roseburg Forest Products Company

Ø Woodcraft Industries Incorporated

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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Market Insights:

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, edgebanding. 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.

Study Objectives of Decorative Laminates Market

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Decorative Laminates Market.
• To provide insights about factors affecting the market growth.
• To analyze the Decorative Laminates Markets market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market withrespect to the current market size and future prospective
• To provide country level analysis of the market for segment by product, end user and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the decorative laminates 

Target Audience

• Organizations
• Manufacturer
• Research Institute / Education Institute
• Potential Investors

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Castor Wax Market Size, 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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