Wednesday, April 28, 2021

Caprolactam Market Overview by Brands, Regions, Applications, Types, Forecast to 2027

 

Caprolactam Market – Overview

Caprolactam are predominantly utilized in number of end use application such as textile stiffeners, textile yarns, synthetic leather, plastics, film coatings, plasticizers, and others. Caprolactam market is estimated to witness moderate growth owing to their broad range of application usage specifically in textile and automotive. Furthermore, caprolactam is used to produce nylon 6 which is further utilized in automotive and construction sector. Moreover, rising per capita disposable income along with increasing vehicle production and sales in emerging economies is estimated to drive the market growth. In addition, growing building & construction activities in developed and developing economies is estimated to propel the growth of the market. Furthermore, increasing demand for light weight automotive parts along with high adoption rate in end use industries is expected to fuel the growth of the market over the forecast period.

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Global Key Player:

·       China Petroleum & Chemical Corporation

·       BASF SE

·       Honeywell International Inc

·       Kuibyshevazot Ojsc

·       Lanxess Ag

·       Royal DSM N.V.

·       Shandong Haili Chemical Industry Co. Ltd.

·       Sumitomo Chemical Company Limited

·       UBE Industries

·       China Petrochemical Development Corporation (CPDC)

Competitive Landscape

The caprolactam report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The global caprolactam market comprised of a large number of suppliers operating in the market which comprises large scale and medium scale manufacturers. The prominent manufacturers of caprolactam as well as medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from Thailand, India, Singapore, Australia, Taiwan, Malaysia China, South Korea, Bangladesh, Indonesia, and Japan. On the other hand, the major manufacturers of caprolactam is following various strategic plans to improve their product portfolio by set up research and development centres across the various locations in world, strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the key players in this market are growing their production capacity of caprolactam to meet the rising demand for caprolactam across the globe.

Industry/ Innovation/ Related News:

January 2018- Genomatica, a U.S. based organization established an agreement with Aquafil, an Italian based manufacturer to develop sustainable caprolactam genomatica. This company aims to offer environmentally friendly way to produce intermediate with improved economics.

April 2017- LANXESS announced to expand its caprolactam production capacity at its Antwerp plant. The investment will cost around USD 31 million. With this acquisition the company plans to strengthen its integrated production complex for polyamide and precursor for plastics in Antwerp.

October 2016- Fertilizer and Chemicals Travancore Limited (FACT) announced to resume their caprolactam manufacturing to enhance their financial prospects in the coming months. This production plant has a capacity of 50,000 tonnes of the organic compound. This strategic move will help the company to meet the increasing demand of caprolactam in Asia Pacific region.

June 2016- Unipetrol, a Europe based petrochemical organization announced to acquire Spolana, which produces industrial fertilizers, PVC, caprolactam, and other inorganic compounds. This acquisition will help company to optimize their manufacturing function and strengthen its market position across the globe.

Regional Analysis:

Geographically, Asia Pacific emerged as the largest market for caprolactam in 2016, followed by Europe and North America. The North American caprolactam market is estimated to witness steady growth with a moderate CAGR over the forecast period owing to robust growth of textile and sports industry combined with rising maintenance activities in this region. In North America the market is further classified into Canada and the U.S., among them the U.S. emerged as the leading market and accounted for more than half of the total regional market share of caprolactam due to strong adoption rate from textile industry. Asia Pacific is predicted to witness tremendous growth over the assessment period, during 2017 to 2023.

The demand for caprolactam is expected to raise in numerous developing and developed countries of Asia Pacific such as China, India, Japan, Singapore, Australia, Taiwan, Malaysia, Thailand, and South Korea on account of increasing population along with shifting of manufacturing unit for many key market players in this region. In Europe, caprolactam market is foreseeable to register above average growth due to shifting consumer preference towards the caprolactam based sporting material combined with the strong presence of automotive manufacturers specifically in Germany, Italy, U.K., Spain, Russia, and France. In addition, numerous countries of Latin America and the Middle East & Africa are estimated to witness average growth in caprolactam due to rising per capita disposable income coupled with growing sales of passenger cars specifically in Argentina, Brazil and Mexico rising construction activities in Saudi Arabia, Kuwait, Qatar, and the UAE.

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Calcium Carbonate Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Global Calcium Carbonate market is estimated to grow at 6.5% CAGR, Calcium Carbonate market by Type, Application, Product. Calcium Carbonate Industry

Market Overview

Calcium carbonate is made up of an open nylon filament web to which abrasive grain is bonded. It exhibits many advantageous properties such as greater resilience, comfort, resistance to water, and non-rusting anility, which driving its use in portable grinding, sanding and finishing operations. Abrasives are used extensively in a wide variety of industrial, domestic, and technological applications. Common uses for abrasives include grinding, polishing, buffing, honing, cutting, drilling, sharpening, smoothening, lapping, and sanding of the substrate. Calcium carbonate is primarily used for cleaning and finishing the metal. It plays a major role to give surface finish and shape to the required material. The global abrasives market is growing at higher CAGR of nearly 6.5% during the review period, which is expected to fuel demand for the product. The global transportation industry is the largest consumer of calcium carbonate, as of 2016 and is estimated grow at the highest CAGR on account of ever-increasing trade around the world during the forecast period. Increasing demand for an electronic device with an advent of digitization and handset penetration. In addition to this, electrical industry is fetching significant share of overall demand for the product to help push the growth of the market forward.

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Competitive Analysis

·        Imerys Pigments

·        Parchem Fine & Specialty Chemicals

·        Omya

·        GLC Minerals, LLC

·        Midwest Calcium Carbonates, LLC

·        AGSCO Corp

·        J.M. Huber Corporation

·        Cerne Calcium Company

·        Kerford Limestone Company

·        The National Lime & Stone Company

Market Segmentation

The global calcium carbonate market is segmented on the basis of type, application, and region.

On the basis of the type, the market is divided into natural ground calcium carbonate, precipitated calcium carbonate, and activated calcium carbonate. The natural ground calcium carbonate is easily found terrestrially a principal constituent of the limestone, marble rock, and chalk, while both precipitated and activated calcium carbonate are industrially produced. Among them, the precipitated calcium carbonate segment is projected to grow at a healthy growth rate. This is attributed to increasing demand for this product in the paper industry on account of the features it confers to the paper such as enhanced gloss and brightness, and the better printing surface.

Based on the applications, the global calcium carbonate market is categorized into building & construction, paper, healthcare, paints & coatings, plastics, adhesives & sealants, and others. Building & construction is the largest consumer of calcium carbonate, wherein the product is used as building material, cement ingredient, and precursor in manufacturing builders lime. The major factors responsible for the growth of this segment are the rapid urbanization and growing industrialization of emerging economies, increasing government spending on infrastructural development of the countries around the globe. Moreover, construction activities are constantly heading north on account of increasing need for better infrastructure and shelter to the rapidly growing population, which may witness growth in demand for calcium carbonate during the review period.

Regional Analysis

Asia Pacific, Europe, North America, Europe, the Middle East & Africa, and Latin America are the five key regions in which the global calcium carbonate market is divided. Among these regions, the Asia Pacific market is growing at the highest CAGR in the global calcium carbonate market. The region accounts for over 40% share of the overall calcium carbonate market. India, South Korea, and China are the leading markets in this region due to growing demand for the product by emerging end-use industries in this region such as building & construction, paper, and paints & coatings. North America is the second largest region, in terms of market size, with the U.S. holding a major share of the regional market. The growth of the market in this region is attributed to the growing paper industry and reconstruction activities in this region, along with flourishing consumer goods industry. Following North America, Europe is a significant region, in the global calcium carbonate market. Germany, the U.K., France, and Italy are the contributors to the regional market. The Middle East & Africa is projected to grow at a considerable CAGR owing to the increasing construction activities and forthcoming major sports events in this region during the review period. Lastly, the Latin American market is anticipated to gain momentum to join hands with leading regions in the global calcium carbonate market.

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Breathable Films Market Comprehensive Analysis, Market Segments, Key Players and Opportunities 2020-2027

 

Market Overview:

Breathable Films are produced by blending various mineral fillers such as calcium carbonate and polymers. It provides significant properties such as excellent performance, efficiency, and durable nature to the finished material. Moreover, they provide versatility and reliability to the product.

The Global Breathable Films Market has been driven by the range of its application in various uses such as hygiene, medical, food packaging, construction, fabric, and others. Moreover, it is estimated that the medical segment is set to witness the highest growth in the market due to its extensive use of in heavy end-use industries.

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Competitive Analysis:

·        Clopay Plastic Products Co., Inc.

·        The RKW Group

·        Arkema S.A.

·        Mitsui Chemicals, Inc

·        TORAY INDUSTRIES, INC.

·        Covestro AG

·        NITTO DENKO CORPORATION

·        Fatra A.S. (Czech Republic)

·        Schweitzer-Mauduit International, Inc.

·        Trioplast Industrier AB

Market Segmentation:

The Global Breathable Films Market is segregated based on type, and application. On the basis of type, the market is segmented into polyethylene, polypropylene, polyurethane polyether block amide, co-polyamide, polyether ester, and other segments. On the basis of application, the market is segregated into hygiene, medical, food packaging, construction, fabric, and others.

Market Scenario:

The Polyethylene Breathable Films segment is the leading type in the market on account of its exceptional mechanical strength and adhesion features offered by the product. These films provide abrasion resistance, durable nature and flexibility to the product.

The medical sector is leading the application segment in the market and is anticipated to observe a higher CAGR due to extensive use of breathable films to impart superior performance and soft-touch nature to the product.

Regional Analysis:

The Global Breathable Films Market is spanned across five key regions: 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 breathable films in various applications. Countries such as China, Japan, and India are the major players in this region. The North American region is estimated to witness a higher growth in the U.S., Canada, and Mexico owing to the increasing demand for plastics in hygiene, medical, food packaging, sports, and other systems. The improving standard of living and high disposable income generated in Europe has driven the manufacturers to use plastic films in end-use industries. Moreover, it is projected that the advancement in research & development of breathable films has propelled this region to witness a healthy growth in Germany, the U.K, and Italy.

The Middle East & Africa is estimated to observe a significant growth due to an increased consumption of lightweight products in end-use industries. Additionally, the growing demand for breathable films in hygiene, medical, food packaging, construction, and other industries is projected to boost the market in the Latin American region.

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Barium Nitrate Market Size | Growth, Analysis, Trends and Regional Study by Forecast to 2027

 Market Overview:

Barium nitrate is a crystalline, inorganic salt of barium and nitrate ions. The thermal decomposition of barium nitrate takes place at around 500ºC-700ºC with the release of oxygen, barium oxide, and nitrogen dioxide. It naturally occurs in nitrobarite, which is a rare earth mineral. Commercially, barium nitrate is produced using following two processes. The first is to carry out the reaction of barium carbonate with nitric acid and then precipitating, evaporating, and filtering iron impurities. The second way to produce the compound involves the reaction of heated sodium nitrate solution with barium chloride, which results in barium nitrate crystals. It acts as an oxidizer and is widely consumed to produce green fireworks. It is mixed with thermite to form Themate-TH3, a military thermite grenade. It forms highly explosive flash powder when mixed with aluminum powder.

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The barium nitrate finds its applications in pyrotechnics/fireworks, glass manufacturing, ceramic powder, detonators, tracer bullets, and vacuum tube production, among others. The global Barium Nitrate Market Size is mainly driven by its growing use in the manufacturing of explosives used in defense and military industry. The increasing demand for the compound in electrical and electronics industries in manufacturing semiconductors, superconductors, and capacitors is anticipated to favor the market growth during the years to follow. Moreover, the growing demand for the product in manufacturing various types of glass such as optical, art, and crystal glass is likely to further fuel the market growth during the forecast period. However, there are some restraining factors operating in this market which are needed to be taken under consideration are the highly toxic nature of the product, which can be absorbed by aquatic animals due to its water-soluble nature and can eventually enter the food chain and its harmful effects on human health due to indigestion.

Market Segmentation

The global Barium Nitrate Market Size is segmented on the basis of its application and region.

On the basis of the applications, the global Barium Nitrate Market Size is segregated into explosives, glass manufacturing, ceramics, fireworks/pyrotechnics, tracer bullets, detonators, vacuum tube production, other barium compounds production, and others.

Competitive Analysis

·        Basstech International

·        Solvay

·        SAKAI CHEMICAL INDUSTRIES CO., LTD

·        Mil-Spec Industries Corp.

·        Spectrum Chemical Manufacturing Corp.

·        Pro Chem, Inc.

·        GFS Chemicals, Inc.

·        Aldon Chemicals

·        Barium & Chemicals, Inc

·        All-Chemie, Ltd.

·        Divjyot Chemicals Private Limited

·        Qingdao Jiaozi International Trade Co., Ltd

·        Hongkong Sheng Shi Jiao Zi Industrial Co., Ltd

·        Merck KGaA

·        Jiaocheng Sanxi Chemical Co., Ltd

Regional Analysis

The global Barium Nitrate Market Size is segmented into five major regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is the leading the global Barium Nitrate Market Size owing to the high production of barium nitrate in this region. The growing demand for barium nitrate to create a powerful defense and increasing military ammunitions is anticipated to boost the market growth in coming years. The U.S accounts for major share of the regional market closely followed by Canada.

Following North America, Europe is another region fuelling the global market growth due to the heavy investments in the defense sector. Russia is the major contributor to this regional market on account of the high production of various types of explosives used in military and defense.

The Asia Pacific is projected to be the fastest growing region in the global Barium Nitrate Market Size. China, India, and Japan are the major countries contributing to market growth due to the rising demand for fireworks, pyrotechnics, and electronics in this region. Currently, China is a major manufacturer and exporter of fireworks across the globe, which is primarily driving the market growth in this region.

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Tuesday, April 27, 2021

Recycled Carbon Fiber Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 

Market Highlights

Global Recycled Carbon Fiber Market is projected to be valued at USD 276,021.5 Thousand by 2027, registering a CAGR of 12.75% during the forecast period.

Extensive use of recycled carbon fiber in the automotive and aerospace and defense industries due to its superior benefits such as cost-effectiveness, energy-efficiency, lightweight, and environmental sustainability is a key driver of the global market. These fibers find use in numerous automotive applications, which include battery boxes, pressure vessels, and lift gate systems.

The market's growth is driven by the implementation of various environmental regulations by regulatory agencies such as the European Union (EU) and the US Environmental Protection Agency (EPA).

Segment Analysis

Global Recycled Carbon Fiber Market has been segmented based on Type, End-Use Industry, and Region.

Based on type, the global recycled carbon fiber market has been segmented into non-woven mats, milled carbon fiber, and chopped carbon fiber. Among these, the rubber segment accounted for over 40% of the market share in 2019; it is projected to exhibit a CAGR of 13.43%. The non-woven mats are majorly used in composite manufacturing processes such as liquid compression molding and sheet molding compounding. The demand for this material is expected to increase significantly, owing to the rising need for cost-effective alternatives to virgin carbon fiber for vehicle light-weighting by OEMs in the transportation sector.

By end-use industry, the recycled carbon fiber market is classified into automotive, electronics, oil & gas, aerospace, sporting goods, wind energy, and others. The automotive segment is anticipated to be the largest and fastest-growing segment with a 13.95% CAGR during the review period. In the automotive industry, recycled carbon fiber is used in battery boxes, compression molding processes for interior and exterior parts of automobiles. The increasing demand for electric vehicles and autonomous vehicles promotes the demand for lightweight materials, thereby driving the demand for recycled carbon fiber market.

Key Players

MRFR recognizes the following companies as the Key Players in the Global Recycled Carbon Fiber Market— SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), ELG Carbon Fibre Ltd (UK), Carbon Conversions (US), Carbon Fiber Recycling (US), CFK Valley Stade Recycling GmbH & Co. KG (Germany), Hadeg (Germany), PROCOTEX CORPORATION (Belgium), Shocker composites LLC (US), and Vartega Inc (US).

Key Findings of the Study

  • Global Recycled Carbon Fiber Market is projected to reach a value of USD 276,021.5 thousand by 2027 with a CAGR of around 12.75% during the forecast period of 2020–2027.
  • Asia-Pacific emerged as the leading and the fastest-growing region for this market on account of the rapid growth of end-use industries in countries such as India, South Korea, and others.
  • Rising adoption of recyclable and eco-friendly materials in diverse end-use industries is a key opportunity for the players in this market
  • Technological challenges in developing the recycling process for carbon fibers remain a major challenge for the players in this market.

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Polymer Nanofiber Market Share | Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2027

 

Polymer Nanofiber Market Share Overview to 2023:

Global polymer nanofiber demand is on the rise. The application potential of the material is vast. Market Research Future (MRFR’s) latest study reveals that the global Polymer Nanofiber Market Share is set to touch the USD 1 Bn mark during the assessment period (2016-2023). Polymer nanofiber is gaining traction in healthcare, biotechnology, aerospace, drug delivery, tissue engineering among others. The material is also used in applications such as energy storage, separation processes, etc.

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Both synthetic and naturally occurring polymers are used for making nanofibers. Polymer nanofibers have characteristics such as high porosity, large surface area-to-volume ratio, and greater mechanical strength. These characteristics gives polymer nanofibers an edge over other microfibers.  In fact, microfiber filters are being replaced by polymer nanofibrous media. This in turn is drawing tremendous commercial interest towards polymer nanofibers.

Drug delivery technology is also viewed as an attractive area of utilization for polymer nanofibers, which is expected to create significant growth opportunities for the market in the forthcoming years. Nonetheless, the synthesis process of polymer nanofibers has few drawbacks, which remains a restraining factor for the market. Additionally, high cost associated with nanofiber partly undermines the market potentials. To overcome such challenges, significant investment in polymer nanofiber R&D is being made. Such R&D efforts are expected to benefit the market and create new growth avenues in the years to come.

Competitive Landscape

·       SNS Nano Fiber Technology

·       eSpin Technologies

·       DuPont

·       Donaldson Company, Inc.

·       TEIJIN LIMITED

·       Catalytic Materials LLC

·       Ahlstrom Corporation

·       TORAY INDUSTRIES, INC.

·       Johns Manville

·       Hollingsworth & Vose

Segmental Overview

The segment analysis of the global Polymer Nanofiber Market Share based on end use, method and region.

By end use, the market has been segmented into energy, medicine, filtration, biotechnology and others. By method, the market has been segmented into drawing, thermal induced phase separation (TIPS), template, self-assembly and electrospinning.

Global Polymer Nanofiber Market Share: Regional Segmentation

On the basis of region, the market has been segmented into five key regions, which include Latin America, North America, the Middle East & Africa (MEA), Asia Pacific, and Europe. APAC is one of the largest markets for polymer nanofiber.  Improving government fund allocation in segments such as environment conservation and sustainable energy is proving an impetus to the APAC polymer nanofiber. Countries such as China, Japan and India are expected to make significant contributions to the market during the forecast period. This is primary owing to presence of massive or fast-expanding end-use industries in these countries.

North America is second in the pecking order and expected to remain a highly attractive market for polymer nanofiber during the forecast period. The market in North America is led by the U.S., nanofiber demand in the countries is expected to grow further in coming years. Several factors are associated with the uptick in nanofiber sales in the region. Emphasis on energy conservation is one of the primary market drivers. Presence of large-scale end-use in the U.S. is auguring well for polymer nanofiber suppliers.

Industry News

·       Tejin Group’s fibers and products coverting business has reportedly developed cost-effective and unique polishing pads that will improve silicon wafer quality control. These pads are manufactured using nonwoven Nanofront ultra-fine nanofiber, which developed using a supple water-absorbent polymer saturated with polyurethane resin.

 

·       Akron Ascent Innovations, LLC (AAI) a U.S. based technology start-up recently revealed an innovative dry adhesive technology, which is expected to extremely user friendly. The adhesive is a high-performance product and will facilitate damage-free clean removal. The adhesive is made of millions of solid, sub-micron-diameter nanofibers with low peel force.

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Polyester Coatings Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 Market Overview:

Polyester coatings are used in a wide variety of applications such as warehouses, roofing, facades, flooring, and others due to their capability of offering high performance, enhanced efficiency, and reliable nature to the final product. Thus, they are used in various applications such as automotive, construction, packaging, aviation, paints & coatings, and others. The global polyester coatings market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of polyester coatings in automotive, construction, packaging, aviation, paints & coatings, and others. It is estimated that the construction segment is set to observe the highest CAGR in the market due to growing infrastructure development in developing economies. Moreover, increasing demand for polyester paint in automotive, packaging, aviation and others is likely to witness a rapid growth during the forecast period. These factors have led China, Japan, and India to be the major players in this region.

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The North America market is expected to grow at a higher CAGR due to growing mergers and acquisitions among the leading companies. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in end-use industries. Therefore, the growing demand for superior performance coatings in end-use industries is estimated to drive the market during the forecast period.

A significant development is observed in Europe due to the adoption of stringent norms and policies set by the regulatory bodies to adopt polyester coatings in end-use applications such as flooring, roofing, facades, and others. The growing demand for oil-free products has propelled the market to witness a better growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.

A notable growth is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to increasing demand for the product in end-use applications. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for polyester coatings in end-use industries such as construction, paints & coatings, and others.

Segmentation

The global polyester coatings market is classified by the application segment. On the basis of the application, the market is bifurcated into automotive, construction, packaging, aviation, paints & coatings, and others.

Competitive Analysis

Some of the well-known players operating in the global polyester coatings market are AGC Chemicals Americas (U.S.), BASF SE (Germany), DuPont (U.S.), Momentive (U.S.), The Dow Chemical Company (U.S.), Huntsman International LLC(U.S.), 3M (U.S.),  PPG Industries, Inc (U.S.), Axalta Coating Systems, LLC (U.S.) and Akzo Nobel N.V. (the Netherlands) among others.

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