Metal Recycling Market Industry Research Report, Growth Trends and Competitive Analysis 2019-2023

Metal Recycling Market Overview to 2023:

Metal recycling is the utilization of scrap material and converting them into reusable metal. It does not alter the properties of the metal. Steel, iron, lead, copper, zinc are the generally recycled metals. The global metal recycling market is due to reach USD 434,551 Mn by the end of 2023 at a CAGR of 8.04% over the forecast period of 2018-2023, reveals Market Research Future (MRFR) in a detailed study.

The pressing need for energy conservation and surging awareness regarding the depletion of natural resources is the prime drive for the growth of the global metal recycling market. Recently, there has been mass awareness regarding the conservation of natural resources. Moreover, recycling of metals requires less energy consumption than procurement of metals from virgin ores.

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Heightened demand for beverage cans is a significant growth driver. High consumption of beverages generates considerable demand for metal cans which boosts the growth of the global metal recycling market since they serve as an excellent solution to gratify the market need for cans.

On the downside, the growth of the market might be hindered by a lengthy process of metal selection which involves sorting of looked-for-metals from a huge pile of wastes. In addition, developing countries such as India doesn’t have strict regulations on metal recycling which can restrict the growth of the market in such regions.

Competitive Landscape

Ø  Kuusakoski Recycling

Ø  Norton Aluminium Ltd.

Ø  Commercial Metals Company

Ø  Nucor Corporation

Ø  ArcelorMittal S.A.

Ø  Novelis Inc.

Ø  Tom Martin & Co. Ltd.

Ø  European Metal Recycling

Ø  Sims Metal Management

Ø  Aurubis AG

Ø  REAL ALLOY

Ø  DOWA HOLDINGS Co., Ltd.

Market Segmentation:

The global Metal Recycling Market has been segmented based on type, scrap type, and end-users.

By type, the global metal recycling market has been segmented into ferrous and non-ferrous. The ferrous segment is expected to account for the larger share of the market over the forecast period. Ferrous metals contain iron in vast quantities and can be ideally used for the production of large motors and electrical equipment.

By scrap type, the global metal recycling market has been segmented into old and new scrap owing to its easy availability; the old scrap metal segment is expected to hold the larger market share.

By end-user, the global metal recycling market has been segmented into packaging, shipbuilding, construction, automotive, and others. The construction segment is expected to account for a larger share of the market due to the expansion of the construction industry. Renovation and remodeling of old homes generate considerable demand for steel which drives the growth of the market.

Regional Analysis

The Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are the key markets for metal recycling.

APAC dominated the global metal recycling market with a market share of 35.6% in 2017. Rapid economic progress, booming population, rigorous waste management in the region contribute to the growth of the APAC metal recycling market. In addition, various regulations implemented to support environmental protection also spurs the growth of the market. China and India are the leading traders of metal scrap on the international level while Japan is a leading consumer of ferrous and aluminum scrap. China stood at USD 45,209.7 Mn in 2017. 

Europe accounts for the second largest share of 29% of the global metal recycling market. Countries such as Germany, the UK, France, Belgium, and the Netherlands are the leading importers and exporters of ferrous and non-ferrous scrap. The European Union has laid down waste management policies to reduce the negative impact on human as well as environmental health which has impacted the market growth positively.

The Americas hold 19% share of the global market but can capture a larger share in the forthcoming years due to strict regulations pertaining to waste management and recycling in the region.

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Caustic Soda Market Share, Size, Future Demand, Top Leading Player, Emerging Trends, Region by Forecast to 2027

Caustic Soda Market – Overview:

The widespread use of caustic soda in different industries is increasingly adding to the growth of the market. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is estimated to earn revenues worth USD 56687.66 Million by 2027 while expanding at a 5.92% CAGR in the forecast period.

The amplified growth of the alumina industry is estimated to improve the development of the market considerably in the forecast period. The rising use of aluminum in the transportation sector because of the necessity to use aluminum to decrease vehicle weights and control emissions is the core driving factor for the development of the market. The escalating usage of caustic soda as a bleaching agent is anticipated to lead to the expansion of the market in the duration of the forecast period.

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Segmental Analysis

The caustic soda market globally is segmented on the basis of application, type, and region. On the basis of type, the market is segmented into flake, lye, and others. On the basis of application, the market is segmented into inorganic chemical, organic chemical, alumina, pulp & paper, textiles, soap & detergents, water treatment, dye & ink and others. On the basis of region, the market is segmented into Asia Pacific, Latin America, North America, Europe, Middle East and Africa.

Detailed Regional Analysis 

The regional analysis of the caustic soda market covers regions such as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The Asia Pacific region is responsible for the chief market share trailed by the North American and European region. The Asia Pacific region is anticipated to offer enormous growth potential for caustic soda market and is estimated to register the highest CAGR of 6.22 percent during the forecast period. China is responsible for the key market share in the Asia Pacific region and is expected to control the market through the forecast period due to rising end-user industries in the region.

Competitive Analysis

The improved level of importance on the variation of products is the number of customers in the market considerably. The extended viability of the market is extremely dependent on the techniques and the strategic roadmaps that are involved by market players. The active combination of supply chain management is recurrently enhancing the development of the market. The critical success factors in the market are effortlessly accomplished in the market leading to an elevated pace of development in the forecast period. The innovation in products and services of the markets will modify the progression of the market noticeably. The market appeal and competitors’ tendencies are noticeably improved by the strategies that are being exploited by market players. The market is pointedly raised by the developments that are happening in the market. 

The renowned contenders in the caustic soda market globally are Xinjiang Zhongtai Chemical Co., Solvay S.A, Olin Corporation, Occidental Petroleum Corporation, The Dow Chemical Company, Formosa Plastics Group, Tata Chemicals Limited, Gujarat Alkalies and Chemicals, AkzoNobel N.V, Westlake Chemical Corporation among others.

Industry Updates:

Aug 2018 Occidental Petroleum has attained a top level of quarterly earnings in its chemical and marketing business. Oxy's record earnings for its chemical and marketing business follows up on the market improvements such as better caustic soda pricing among other factors.

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Titanium Alloys Market: Global Industry Review, Research, Statistics, And Growth To 2023

The titanium alloys market has been analyzed with regard to five key regions-North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific accounted for the largest share in 2017 and is expected to grow at a significant rate during the review period. The strong and broad-based global growth and trade, reinforced by the US fiscal stimulus are expected to support Asia’s exports and investments in growing end-use industries in the region, while accommodative financial conditions are expected to support domestic demand through growing small, medium and large enterprises in the region. The increasing trade agreement among nations such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and successful implementation of the Belt and Road Initiative is expected to support trade, investment, and growth in Asia-Pacific. The booming aerospace industry in Asia-Pacific is expected to further fuel the demand for titanium alloys. According to Boeing, the passenger growth has increased at an average rate of more than 10 percent annually in China and fueled the world traffic growth over the past few years. The economic and income growth in large emerging economies such as China and India are major drivers to the global GDP growth and air travel demand, which, in turn, is expected to add more fleets in the region fueling the titanium alloys market growth during the forecast period.

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The market in North America is expected to grow at a considerable CAGR, owing to the large base of aviation and automobile industries. The fastest growing end-industries in Canada and the US are expected to propel the market growth in the region.

Europe is a prominent market for titanium alloys as a result of well-established automotive industries, which is expected to drive the demand for titanium. The demand for titanium alloys is accepted show new potential due to growing research and development to make titanium alloys viable, cost-effective for automotive parts such as engines parts and valves. Other important regions expected show significant growth opportunity in the European including France, Spain, Italy, Switzerland, and Russia.

The Latin American market is expected to exhibit lucrative opportunity for manufacturers, as the free-trade agreements with the European Union, Mexico and China is expected to offer industrial growth, investment, and demand in the region. The market in the Middle East & Africa is likely to witness substantial growth during the review period as the oil and gas industry is expected to grow owing to the presence of vast reserves of crude oil in the region, which in turn is expected to fuel the demand for titanium alloys due to its application in drilling equipment. The industry will witness considerable due to significant investments in re-exploring oil & gas and exploring new reserves.

Segmentation

The global titanium alloys market has been segmented by microstructure, end-use industry, and region.

On the basis of microstructure, the market has been segmented into alpha alloy, near alpha alloy, alpha beta alloy, and beta alloy.

Based on end-use industry, the market has been segmented into aerospace, automotive, power and desalination, chemical, marine, and others.

By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Players

Some of the key players in the global titanium alloys are Arcam (UK), ATI (US), Daido Steel Co., Ltd (Japan), United Titanium, Inc. (US), TOHO TITANIUM CO., LTD (Japan), Haynes International (US), Metalysis (UK), TLS Technik (Germany), Global Titanium Inc. (US), OSAKA Titanium Technologies Co., Ltd (Japan), and ADMA Products, Inc. (US).

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Sodium Sulfide Market 2019 Current Industry Trends, Sales, Production, Supply, Demand, Analysis & Forecast To 2023

Market Overview:

Sodium sulfide is crystalline solid of brick red or yellow color. Sodium Sulfide are soluble in water which produces strong alkaline solutions. Sodium sulfide absorbs the moisture in humid air and get heat up to set fire to nearby materials. While setting up the fire, it smells like rotting eggs due to emission of hydrogen sulfide.

Based on product, the global sodium sulfide market is segmented in to low ferric, anhydrous, crystal products. Low ferric segment accounted for largest market share in the global market. Wide applications of low ferric sodium sulfide in pulp and paper, ore processing and chemical processing industry is expected to dominate the segment during the forecast period.  Moreover, properties of low ferric sodium sulfide such as its high solubility in water and alcohol, and moisture absorption capability is expected to increase its demand.

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By grade, the global sodium sulfide market is segmented in to purified and technical grade. Among these, technical grade accounted for largest share in the global market. Technical grade sodium sulfide act as oxygen scavenging agent in water treatment, dechlorinating agent in leather and sulfonation agent in chemical industry which is expected to dominate segmental market during review period.

On the basis of application, the global sodium sulfide market has been categorized into pulp & paper, chemical processing, water treatment, textile, tanning, ore processing, others. The water treatment segment held the major market share in 2017, which mainly attributed to the surging water treatment chemical demand for wastewater treatment in chemical, power, pulp & paper, municipal, oil & gas, food & beverages, agriculture and mining industries in Asia Pacific region.

Based on region, the global sodium sulfide market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share in 2017 and is projected to grow at the highest CAGR during the review period. In Asia-Pacific, China, Japan, South Korea, and India are the major contributors to the growth of this regional market. China is the largest consumer and producer, not only in this region but also across the world. This is mainly attributed to the vast growth of application industries such as pulp & paper, chemical processing, water treatment, textile, tanning, ore processing in this country. By 2020, China alone is anticipated to account for approximately half of the global sale. China is followed by India. India is set to grow at the highest CAGR during the review period on account of the increasing sodium sulfide processing capacity, technological advancements and  rapid industrialization in the region. Additionally, lower labor costs , favorable government policies for industrialization, rapid growth of the water treatment chemical industry, and widening scope of applications for the sodium sulfide are the primary factors driving growth of this countries market during the forecast period.

The increasing demand for the sodium sulfide in the ore processing and chemical processing is likely to propel the market growth in Europe and North America region. UK, Russia, Germany and US are the major markets in these regions. This is mainly due to their vast potential for investment in new technologies for the ore and chemical processing in these countries.

The market in the Middle East & African region is expected to grow at positive CAGR in the coming years. Saudi Arabia, Turkey, South Africa, and UAE are expected to be the major countries contributing to market growth in the region.

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Global Key Players:

The key players in the global sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd., and others

Intended Audience:

• Sodium sulfide manufacturers
• Traders and distributors of sodium sulfide
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratories

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Polyurethane Foam Market Analysis, Global Size, Share, Emerging Trends, Demand by Region with the Forecast to 2023

Polyurethane Foam Market Overview to 2023:

The global polyurethane foam market is anticipated to exhibit an 8.36% CAGR, on the basis of value, from 2018 to 2023 (forecast period), states Market Research Future (MRFR) in its latest report. It is predicted to touch a valuation of USD 76,065.74 million by the end of the forecast period. Polyurethane (PU) foams are used in the manufacture of resilient foam applications such as gaskets, insulation panels, tires, adhesives, and others. It is derived using either polyols or isocyanates. Their resistance to solvents makes them desirable by textile manufacturers. This in combination with their high heating value has widened its scope across packaging, footwear, and automotive industries.

The burgeoning demand from the building and construction sector owing to the boost in infrastructural projects is likely to net in a high windfall for the market. The expanding home furnishing sector owing to the growing middle class is likely to provide opportunities for the polyurethane foam market. Restrictions placed on methylene chloride can pose a challenge to the market in the forthcoming years.

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Competitive Dashboard:

ü  LANXESS

ü  NITTO DENKO Corporation

ü  SEKISUI CHEMICAL CO., LTD.

ü  Wanhua Chemical Group Co., Ltd

ü  Covestro AG

ü  Tosoh Corporation

ü  BASF SE

ü  Recticel

ü  DowDuPont Inc.

ü  Huntsman International LLC

ü  Trelleborg AG

Segmentation Analysis:

By type, the polyurethane foam market is segmented into flexible, rigid, and spray. Flexible foams accounted for 48.55% share in 2017 and touted to showcase a strong CAGR of 8.50% till 2023. This can be attributed to its application in furniture, thermal insulation, and soundproofing. The spray segment can exhibit 8.70% CAGR during the forecast period and accrue USD 12,444.4 million by 2023 thanks to massive roofing demands.

By application, it is segmented into automotive, packaging, bedding & furniture, electronics, building & construction, footwear, and others. The building & construction application will contribute the maximum to the polyurethane foam market thanks to new development projects globally. It had accounted for a large portion of market demand in 2017. Furthermore, energy-consciousness is likely to induce demand for PU foams till the end of the forecast period. Bedding & furniture was the second largest segment in 2017 followed by automotive. Automotive is predicted to accrue revenue for the market at 8.95% CAGR over the forecast period.

Regional Analysis:

By region, the polyurethane foam market is segmented into North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

The Asia Pacific region accounted for the leading market, holding 41.31 % of the share in the global polyurethane foam market, in the year 2017. Primary factors driving the regional market include the strong growth in demand for the product in the leading end-use industries such as automotive, building and construction, bedding and furniture, packaging, and footwear.

Europe was the second-largest market for polyurethane foams accounting for 24.78 % market share, in 2017. The robust automotive industry in Germany is a key driving force which will lead the market to register 7.38% CAGR of during the forecast period. 

The North American region is emerging as a promising market for polyurethane foams owing to the building & construction industry in the region which is majorly led by the growing renovation & reconstruction activities. In the years 2017, the region has acquired almost 17.92% of the market share of the global polyurethane foam market.

Furthermore, the regulatory norms and directions led by the US Environmental Protection Agency (EPA) alongside the government initiatives such as Weatherization Assistance Program (WAP) to promote thermal insulation will fuel the demand for the product in coming years. 

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Packaging Coating Additives Market to 2023 Analysis, Business Strategy, Opportunities, Trend, Market Segmentation and Region

Market overview:

Packaging coating materials are used to package foods, consumer goods, medical equipment, and industrial products. These packaging materials are prone to friction and possess less chemical stability. Additives are added to improve its performance, anti-microbial properties, water-repellency, pH stability, and provides less friction surface.

Increasing purchasing power of the middle-class population is expected to be the major driver of the Global Packaging Coating Additives Market. Growing consumption of packaged products is anticipated to favor the Packaging Coating Additives Market growth. Furthermore, rising health awareness among the growing population is anticipated to boost the market growth. Emerging markets in developing countries is expected to provide strong growth opportunities to the market players. In addition to this, rising demand for bio-based slip additives is likely to provide ample opportunities to the market players. Packaging leads to plastic waste which poses a major challenge to the market players.

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However, stringent government and environmental regulations are expected to hamper the market growth. In addition to this, fluctuating raw material prices is anticipated to further restrain the market.
Regional Analysis:

The Global Packaging Coating Additives Market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia-Pacific market dominated the Packaging Coating Additives Market in 2017 and is estimated to register the highest CAGR during the forecast period. This is attributed to growing demand from packaging application. Factors such as easy availability of raw materials, changing lifestyles, and rapid industrialization is favoring the market growth in the region. China is the leading country in the region followed by Japan, India, and Indonesia. The North American market accounted for the second-largest market share in 2017 due to rising health awareness for food packaging application and growing technological advancements in the region. The US is the major contributor in the region due to rising focus on bio-based slip additives. The European market held a significant market share in 2017 and is expected to grow at a moderate CAGR during the review period owing to the stringent government regulations on ban of plastic products for packaging. Germany is the leading country in the region due to its product innovation and presence of major manufacturing companies such as BASF SE and Evonik Industries AG in the region. The Middle East & Africa held a moderate market share in 2017 owing to favorable government rules in the region. South Africa is the major contributor in the region. The Latin American market is estimated to grow at a steady CAGR in the coming years owing to the growing packaging applications in consumer goods. Brazil, Mexico, and Argentina are the regional contributors.

Segmentation analysis:

The Global Packaging Coating Additives Market has been segmented on the basis of Function, Formulation, Application and Region.

Based on Function, the Global Packaging Coating Additives Market has been categorized into slip, anti-static, anti-fog, anti-block, and antimicrobial.

By Formulation, the Global Packaging Coating Additives Market has been classified into water-based, solvent-based, and powder-based.

On the basis of Application, the Global Packaging Coating Additives Market has been divided into food packaging, industrial packaging, healthcare packaging, consumer packaging, and others.

The Global Packaging Coating Additives Market has been studied across five key regions namely, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key players:

Some of the key players operating in the Global Packaging Coating Additives Market are Croda International PLC (UK), BASF SE (Germany), Clariant (Switzerland), 3M (US), Lonza Group (Switzerland), Arkema Group (France), Solvay (Belgium), Evonik Industries AG (Germany), Daikin Industries, Ltd. (Japan), Akzo Nobel N.V. (The Netherlands), and KAO Corporation (Japan).

Target Audience:

• Traders and distributors of packaging coating additives
• Packaging coating additives manufacturers
• Potential investors
• Production process industries
• Raw material suppliers
• Nationalized laboratories
• Government bodies

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Redispersible Polymer Powder Market 2019 Competitor Analysis, Top Industry Players, Size, Share, Future Predication by 2023

Market Analysis:

The global redispersible polymer powder market is touted to touch USD 2,378.2 million at 6.66% CAGR over the assessment period (2017-2023). Redispersible polymer powder is a polymer emulsion that is converted through various processes such as surface treatment, spray drying and high pressures and temperature to powdered thermoplastic resin materials. It is mostly used in construction chemical applications namely cementitious sealing slurries, grouts, repair mortars, plasters, self-leveling flooring compounds, screed, tile and construction adhesives and external thermal insulation composite systems. Some of its key applications include cement renders, repair mortars, gypsum joint fillers, adhesion mortars, crack fillers, cement-based tile adhesives, wallpaper adhesives and cement-based wall putties. Redispersible polymer powder offers an array of benefits namely excellent hydrophobic and water-repellent properties, improves the flexural strength, adhesion, plasticity, improves the workability, excellent impact and slip resistance and reduce cracks resulting from shrinkage.

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There are plentiful factors that is boosting the growth of the redispersible polymer powder market. These factors as per the Market Research Future (MRFR) report include increasing need in residential and commercial constructions as well as maintenance projects, rising per capita income especially in emerging economies, growing use in the flooring and tiles industry and its multiple benefits in the construction sector including abrasion resistance, strong impact, flexibility, higher flexural strength, strong strength development of mortar, improved workability and better water retention. On the contrary, availability of alternatives may deter the growth of the redispersible polymer powder market over the assessment period.

Global Key Players:

·         Synthomer Plc

·         Benson Polymers Limited

·         Hexion Inc

·         Ashland Global Holding

·         Wacker Chemie AG

·         Puyang Yintai Industrial

·         Organic Kimya

·         Divnova Specialities

·         Dairen Chemical Corporation

·         Akzo Nobel N.V.

·         Bosson Union Tech

·         The Dow Chemicals Company

·         Acquos

·         BASF SE

March 2019- Nouryon has introduced Elotex HD2040, a redispersible polymer powder that will assist people producing dry-mix mortars especially for the construction market to cater to the most recent sustainability and quality requirements. Its impact and water resistance will enable customers in meeting technical test standards that in turn will contribute to enhanced sustainability and durability of residential and commercial buildings.

Market Segmentation:

MRFR report offers an extensive segmental analysis of the Redispersible Polymer Powder Market on the basis of type, end-use industry and application.

Based on type, it is segmented into vinyl acetate-ethylene redispersible polymer powder, verova redispersible polymer powder, styrene butadiene redispersible polymer powder, acrylic redispersible polymer powder and others. Of these, acrylic redispersible polymer powder will have the largest share in the market owing to its wide utilization in the production of tile adhesives, grouts and joint fillers. This will be followed by vinyl acetate-ethylene redispersible polymer that is predicted to have the highest growth.

Based on application, the redispersible polymer powder market is segmented into insulation systems, mortars, plastering, tiling and flooring and others. Of these, tiling and flooring will dominate the market over the assessment period owing to its wide use in tiling adhesives. This will be followed by tiling adhesives that is expected to grow at the fastest rate.

Based on end-use industry, it is segmented into non-residential construction, industrial construction and residential construction.

Regional Analysis:

By region, the Redispersible Polymer Powder Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Of these, APAC will have a mammoth share in the market owing to the presence of fast emerging markets having high construction activities including industrial, residential and nonresidential. Increasing foreign investments has also propelled the growth of the market in this region. Asia Pacific has grabbed the attention of many market players who are boosting investments there in order to cater to the burgeoning demand in the region along with leveraging the accessibility of reduced overhead costs. Here the largest contributor is China followed by Japan. In Europe, the redispersible polymer powder market will have the second major share over the assessment period. Italy and Germany are the key contributors here while Poland is predicted to expand at the highest CAGR. The growth of the market here is due to the growing need and inclination towards the creation of green buildings. Besides, the construction industry here is recovering rapidly which is again a noteworthy factor that is influencing the increasing demand.

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