Growing Commercial Sector to Spur Propane Demand

10 November 2020: The propane market is expected to witness substantial growth due to rising demand in automobile and petrochemical industry. Propane is a flammable hydrocarbon that is liquefied through extensively used pressurization techniques and used in cooking, heating rooms, food, and also as a fuel in vehicles. It is also used for aerosol propellants, refrigerants, and petrochemical feedstock.

Propane is separated from petroleum refining and unprocessed natural gas using refrigeration. It can also be produced from heating crude oil using a distillation tower. Propane can be compressed and stored as liquid in various vessels such as BBQ gas bottles, large gas cylinders, and LPG storage tanks. 

Demand in Industrial Sector to Boost Propane Growth

Based on end use, the product can be segmented into industrial, commercial, residential, transportation, and agriculture. Industrial segment emerged as a leading end-use segment in 2016 and is expected to maintain its dominance over the forecast period due to increasing industrial applications.

Clean burning characteristics of propane gas make it ideal in applications such as preheating, cutting and brazing, soldering, heat treatment, and shrink wrapping. In petrochemical industry, it is used to calibrate process control analyzers in mixtures. 

Various other applications of the product include testing of engines and gas burners, atmospheres in metallurgy, calibration of gas mixtures, and production of different chemicals. The commercial end use segment is the second largest segment in terms of revenue owing to high consumption of food in restaurants and hotels.

Market Insights

Propane is used as an intermediate product in the production of propylene and ethylene. Rising demand for higher efficiency fuels in automotive industry and applications in other industries are responsible for driving the growth of the market. The product is also used widely in agriculture, commercial, and residential sectors that has led to various regulations and actions concerning safety. For being highly competitive, application development and customized end-uses are expected to be the key parameters.

In order to gain market share major leading companies are resorting to various strategies such as mergers, acquisitions, and capacity expansions in an attempt to diversify the end-use portfolio. The propane market is highly competitive in nature and some of the leading key players in the market are BP, ExxonMobil, Chevron Corp., Total SA, Royal Dutch Shell, and Sinopec.

Rising Aftermarket Modifications to fuel Automotive Refinish Coatings Demand

5 November 2020: The automotive refinish coatings market is expected to witness a considerable growth on account of increasing number of vehicles in countries such as India and China. Automotive refinish coatings are mainly used by repair centers and automotive body shops for refinishing the vehicles. Automotive vehicles need regular maintenance to enhance damages caused by external factors such as stones, extreme temperature, and accidental damages. The increasing instances of road mishaps and the demand for aftermarket modifications for vehicles is expected to propel the growth of the market. 

Superior Qualities of Polyurethane to Promote Segment Growth

Based on resin, the product is segmented into alkyd, acrylic, polyurethane, and others. Polyurethane held the largest share in terms of volume as it was the most widely used resin in 2015. Due to its superior properties and advantages, such as resistance to extreme temperatures and its potential to perform in varied environmental conditions, the segment is anticipated to witness growth. The factors responsible for augmenting the growth of the segment are characteristics such as UV protection and fungus resistance, which is especially suitable for tropical environments, high resistance to grease, water, and oil, and its capacity to repel impact and abrasion. 

Acrylic refinish offers benefits such as longer lifespan and smooth finish coatings that are extensively preferred for commercial vehicles and passenger vehicles. Its extensive use in refinishing of old cars, mid-range automobiles, and mini trucks, which is likely to propel the demand for the industry. 

Market Insights

Demand for automotive refinish coatings has increased as they enable enhanced appearance of vehicles and improve the durability. Aftermarket modifications, maintenance, and rising demand for repair of vehicles is likely to fuel the growth of the automotive refinish coatings industry over the forecast period.

High demand for UV-cured, waterborne, and high solids coatings, given their low to almost negligible VOC emissions, is expected to promote the growth of automotive refinish coatings over the forecast period. Various companies are inclined to manufacture cost-efficient and high-performance coatings by promoting product development initiatives, which is also anticipated to augment product consumption. However, volatile prices of raw materials is expected to hamper the industry in the coming years.

The automotive refinish coatings market is extremely competitive in nature due to presence of the key players such as, AkzoNobel, BASF SE, PPG Industries, and Axalta Coating Systems among others.

Rising Demand from Construction Sector to Spur Paints and Coatings Industry

10 September 2020: Paints and coatings comprise of organic or inorganic resins and are inseparable when it comes to industrial divisions. They are mainly used to impart decorative and glossy finish to the surface of products such as walls, equipment, metal components, etc. Paints and coatings are mainly applied on the surface to improve the performance as well as durability of the products. They offer high corrosion and abrasion-resistance along with excellent adhesion, which made them advantageous in large application spectrum. 

Waterborne Formulation Type to be a Prominent Sectors for the Paints and Coatings

On the basis of product type, the paints and coatings market is classified into various formulations such as solvent-borne, powder-based, high solids/radiation curing, waterborne, etc. The waterborne formulation product type is expected to be a prominent segment for the paints and coatings industry over the forthcoming period. This development is due to rising demand from numerous applications segments including automobile, furniture, and construction industries. 

The water-based polyurethane formulation is anticipated to develop as the fastest-growing type of water-based resins. This is on account of surging construction expenditure in developing countries of Asia Pacific and consumer inclination toward environmental friendly products. The high usage of these formulations is owing to the solvent-like characteristics of water with no side effects as that of synthetic counterparts. 

The solvent-based formulations are the conventional ones for the production of the finished compositions. Toluene, aliphatic hydrocarbons, xylene, lacquer thinner, etc. are some of the most used solvents in the industry. The solvent-based product has experienced a paradigm shift owing to harmful effects on the environment as of volatile carbon-based complexes in petrochemical solvents. 

The demand for solvent-based coats has changed in the established economies mainly in North America and Europe on account of strict environmental rules and acts for hazardous chemicals. China is the foremost consumer of solvent-borne paints owing to surged in commercial/industrial construction and automotive segments. Key companies are now inclined to shift their consumption from old paints to the green composition at a comparatively higher price. 

Market Insights

In December 2016, acquisition of BASF’s industrial coats by AkzoNobel was one of the key initiatives in the market. BASF had introduced an organic pacifying polymer-based paint that decreases emissions of titanium oxide without recompensing the performance of the product in January 2016.

Leading players effective in the paints and coatings market include PPG Industries; BASF SE; AkzoNobel; Sherwin-Williams Company; Valspar Corporation; Axalta Coating System; Kansai Paint; Nippon Paint Holdings; Jotun Group; and RPM International Inc.

Construction Adhesives to Offer Exceptional Bonding Properties to Fuse Materials

25 June 2020: The construction adhesive market is likely to witness growth due to increase in infrastructural development and construction. Construction adhesives are used as raw materials in order to bond various construction materials with each other. It is also used to grip or fuse various materials together such as synthetic rubber, inorganic fillers, resins, preservative compounds, etc. High demand for construction adhesives in industrial, commercial, and residential buildings around the world is propelling the growth of the market.  

Demand in Construction Sector to Boost Segment Growth

Based on resin type, the market is segmented into acrylic adhesive, polyurethanes, polyvinyl acetate, epoxy, etc. These adhesives contain methyl acrylic polymers that are used to efficiently bond number of items together. Acrylic is extensively used in the construction industry due to its exceptional bonding properties. Developing countries such as India and China have witnessed growth due to surging demand in construction sector. 

Polyurethane (PU) adhesives possess high grade qualities that include flexibility, chemical resistance, and high impact. PU glue also has anti UV rays properties and can be used in places that have high moisture content.  Polyvinyl acetate (PVA) resin is used for bonding, sealing, and dust proofing as it provides strength and durability. 

Epoxy adhesives are used in mechanical and electrical insulators due to their heat, chemical, and water resistant properties. The adhesives are used to withstand harsh environmental conditions and are used in UV/heat curing systems. These characteristics of different types of adhesives are responsible for fueling the growth of the product in building and construction sectors. 

Market Insights

Rapid increase in commercial and residential buildings is a major driving factor for the market growth. High durability and affordability makes them an ideal material of choice for contractors and consumers. Increasing applications in architectural design and renovation of old buildings is another factor driving the growth of the market globally. Increasing developments by companies in order to reduce the cost involved in manufacturing the products is expected to spur the construction adhesive market growth.

Leading players in this sector are H.B. Fuller; 3M Company; Avery Dennison Corporation; Bostik SA (An Arkema Company); Sika AG; The Dow Chemical Company; KGaA; Henkel AG & Co.; Franklin International; Illinois Tool Works Incorporation; and DAP Products, Inc; among others.

Diversified Applications of Sulfuric Acid to Increase Steady Demand for Market

21 April 2020: Sulfuric acid, also termed as oil of vitriol, is a highly strong corrosive mineral acid having molecular formula H2SO4. Sulfuric acid is colorless to slightly yellow viscous liquid, pungent-ethereal, and soluble in water at all concentrations. This acid shows different characteristics with different material depending on the concentration.

In addition, sulfuric acid has the major output of any chemical across the globe. It is mainly used in the manufacturing of chemicals to make pigments, dyes, sulfate salts, nitric acid, etc. It also helps as the electrolyte in the lead acid storage battery. Sulfuric acid is extensively used in the production of phosphate fertilizers. Sulfuric acid has reactive and corrosive properties. It is mainly manufactured directly from primary sulfur, which mainly yields high purity sulfuric acid with almost no impurities, in different strengths and grades such as 98%, 96%, and 93%.

Fertilizers Sector Holds Largest Share in Sulfuric Acid market

On the basis of application, the sulfuric acid market can be classified into metal processing, chemical manufacturing, fertilizers, textile industry, petroleum refining, paper and pulp, automotive, and others. The fertilizers sector holds the largest market share and is anticipated to grow at the second highest CAGR in the forthcoming period. Growing population across the globe and rising demand for better-quality of crop are anticipated to drive the market in the years to come.

Furthermore, sulfuric acid is mostly used in the manufacturing of phosphate fertilizers that are widely used in modern day agricultural practices. Growing chemical industries and stable improvements in agricultural spending in economies such as China and India are anticipated to propel the market in the years to come.

Rapid urbanization and industrialization are resulting in a decrease of farmland, which in turn is leading the farmers to use fertilizers for growing crop yield. Increasing use of H2SO4 for the manufacturing of quality fertilizers for farming use will drive the production capacity, which is anticipated to propel the growth of the market.

Chemical and Petroleum refineries mainly comprise of production of contaminated sulfuric acid, resulting in the regeneration of concentrated and pure H2SO4 products. The regenerated acids release low emissions leading to decreased manufacturing costs, which makes it environment friendly and sustainable.

Rising investments in the developmental activities associated with the chemical synthesis in the chemical manufacturing segment in China are anticipated to drive the growth of the market in the forecast period while increasing production of industrial agents is anticipated to spur the demand. 

Market Insights:

The market is highly competitive and concentrated in nature. The key players are mainly involved in the manufacturing of sulfur and their byproducts for the use in numerous applications such as chemical manufacturing, petroleum refinery, fertilizers, and other associated sectors. Many companies are mostly participating in joint ventures, mergers, and acquisitions, to improve their product portfolio and attain a significant presence in the market.

In 2014, BASF declared an association with Zhejiang Jiahua Energy Chemical Industry Co. Ltd., a division of Huafang Textile Co., Ltd. to build a hub in China. For the growing semiconductor industry in the region, this will offer H2SO4 products in abundance. In June 2016, Veolia acquired the sulfur products branch of Chemour to support the company’s facilities in the oil and gas industry. This division focuses on the recovery of sulfuric gases and acid from the refining procedure, which is regenerated into steam and clean acid used in an extensive range of industrial activities.

Numerous key players are following expansion, and investment strategies to support their manufacturing capacities and enter into the developing markets. An increase in the number of H2SO4 suppliers and manufacturers is likely to drive market development throughout the forthcoming period. Leading players operating in the sulfuric acid market include Chemtrade Refinery, Mosaic Company DuPont, BASF, AkzoNobel N.V., Valero Energy, Solvay, and PVS Chemical Solution.

Growing Automobile Sector to Boost Metal Finishing Chemicals Industry

12th March 2020: Metal finishing chemicals are used to clean, etch, and plate metallic surfaces that improve their physical characteristics and appearance. Metal finishing chemicals help to control numerous surface characteristics such as, tarnish resistance, corrosion resistance, wear and electrical resistance, hardness, reflectivity and appearance, electrical conductivity, and chemical resistance, etc.

Growing automotive industry to Contribute Significant Demand to the Market

The major application variants of the metal finishing chemicals market include aerospace, automotive, construction, electrical and electronics, etc. The automotive sector accounted for the fastest growth in the market and is also anticipated to expand at the fastest CAGR in the forthcoming period. 

The automotive sector is driven by rising production and demand for passenger and commercial vehicles in developing countries, such as Indonesia, China, Thailand, and India. Growing automotive industry is the result of rising disposable income as well as increasing government initiatives and rules encouraging the growth of metal finishing chemicals.

Furthermore, the presence of foremost automotive Original Equipment Manufacturers (OEMs) including CHRYSLER, GM, BMW, Volvo, Mercedes, Audi, Ford Trucks & SUV’s, Ford cars, Jaguar, Nissan, Porsche, Toyota, Land Rover, Volkswagen, Mazda, and Honda is anticipated to further drive the metal finishing chemical market demand in the forecast period.  

The global aerospace and defense industry are anticipated to witness stable growth throughout the forecast period on account of increasing government spending on aircraft production and defense segments. This development has enhanced the equipment replacement cycle and has increased the passenger travel demand which is propelling the use of the product in aerospace repair, maintenance, and renovation activities.

High demand from various applications, such as consumer durables, jewelry, job shops, medical equipment, and machine tools is anticipated to observe a stable growth in the forthcoming period. Emerging healthcare industry in countries such as the U.S., Germany, and India are likely to propel the demand from the medical equipment industry. Furthermore, increasing demand for ornamental jewelry from countries such as the U.S. is anticipated to drive the demand for the market over the forthcoming period. 

Market Insights: 

Leading players operating in the metal finishing chemicals market include Advanced Chemical Company; Atotech Deutschland GmbH; Chemetall, Mc-Gean Rocho US; Elementis; Dow Chemicals; Quaker Chemicals; NOF Corporation; Houghton International Inc.; Rashig GmbH; HENKEL Ag; Technic.; and A Brite Company. 

North America and Europe are projected to be the largest markets for these chemicals due to growing demand from automotive, aerospace, electrical and electronics, and manufacturing industries. Hence, majority of manufacturers are concentrating on these regions while keeping the distribution networks across other regions.

Significant presence of several regional industry players specifically in Canada, U.S., Germany, Japan, China, and the U.K is also likely to drive the overall competitive environment in the years to come.

High Demand for Low Profile Additives in End use Industries to Promote its Growth

The low profile additive market is driven by the demand for growing automotive and construction industry. Low profile additive (LPA) are used to avoid shrinkage for enhancing surface finish during making of glass composites and polyester. It is also used for volumetric shrinkage during polymerization of unsaturated polyester resin, which is expected to fuel the demand for LPA.

Increases Fuel Efficiency and Affordability of Automotive

LPA is widely used in various applications to reduce weight and increase fuel efficiency. In SMC/BMC segment, low profile additive is used as a resin mixture to help improve surface smoothness. SMC and BMC preforms consisting unsaturated polymer resin composites reinforced with fiber are likely to be the fastest growing sector in Asia Pacific region. This is due to increasing demand from countries, such as India, China, and Japan. The growing automotive industry in the region is expected to fuel the growth of the SMC/BMC segment due to their application in truck components, semi-structural parts, and automotive body panels.

Resin Transfer Molding (RTM) is a low temperature and pressure molding technique that has affordable cost and convenient operating mechanism. This technique is likely to witness high demand as it is used to enhance fiber/resin wet-out and eliminate voids.

Leading companies are inclined to expand their portfolio due to surging demand from end-use industries. For instance, in August 2018, LyondellBasell acquired A. Schulman, Inc. (US), in order to double the company’s business and to target end-use industries such as construction materials, automotive, electronic goods, and packaging.

Market Insights

Technological advancements requiring highly lightweight materials such as BMC/SMC, and RTM in the automotive industry are leading to the growth of the market. Another factor fueling the low profile additive industry growth is rising electrical & electronics and construction industries. Increasing demand for composite material in emerging economies provides ample of growth opportunities for the market. Volatility in raw material prices poses a threat to the growth of the market. Growth strategies adopted by the key players to strengthen their position in the low profile additive industry, are new product development, collaborations, partnerships, and expansions.

For instance, in November 2017, in Istanbul, Wacker Chemie, a worldwide operating company in chemical business, opened a technical center for textile, construction, and consumer care applications. The technical facility serves as test laboratory for silicones and polymeric binders needed in textile, construction, household, and cosmetics industries and now provides its customers better local support. Key players in low profile additive market include PolyOne Corporation, LyondellBasell Industries Holdings B.V., Arkema Group, Wacker Chemie AG, and Reichhold.

Automotive Silicone Industry Promotes Technological Advancements in Electronic Systems

1 October 2019: The automotive silicone market is expected to witness growth due to growing demand for its applications in electronic, suspension system of vehicles, interior & exterior, and Engine Drive Train (ETD) systems. Reliable material and high quality of the product along with superior characteristics and versatile properties have propelled the growth of the market. It has high compatibility with other products such as rubber, adhesives, sealants, and coatings and also has advantages such as dielectric properties, cold resistance, weatherability, water repellency, defoaming properties, adhesiveness, releasability, and heat resistance.

Silicone Elastomers Boost Automotive Building and Designing

The market is segmented into adhesives & sealants, coatings, rubber, and others based on the product type. In 2017, rubber was the largest segment in terms of revenue. Silicone rubber is used in various applications, mainly in vehicles’ high temperature applications. The product is available in various formulations for curing, production, and molding. It is also used to maintain high quality standards and to make the processing easier in high temperature conditions of turbocharger hoses with temperature as high as 225°C. 

It is also used in tires, electronic sealants, and cables. Automotive silicone coatings can resist temperature up to 350°C and can withstand temperature up to 650°C with appropriate pigments and filler. 

Silicone elastomers are resistant to extreme temperatures ranging from -55 °C to 300 °C and are able to maintain its properties in severe conditions as they are stable and non-reactive. They are used to manufacture turbocharger hoses, plug boots, connector seals, gaskets, ignition cables, and wiper blades. Its various applications in the automotive industry has revolutionized the product manufacturing and designing. They are also immune to wetting and have scratch resistant and weathering resistant properties. The product has high compatibility with different types of substrates and promotes efficiency, which is fueling its demand.

Market Insights

Increasing demand for lightweight material and improving vehicle efficiency has led to the growth of the industry. Expansion of the automotive industry in countries such as China, India, and South Korea is anticipated to drive the growth of the market.

For instance, in September 2018, the Dow Chemical Company began building new plant in Jiangsu's Zhangjiagang, which is expected to be fully operational by 2021. Shin-Etsu Chemical Co., Ltd. also announced its plan of expanding its silicone manufacturing output by 50% in the same year.

The increasing use of electric and hybrid vehicles provides opportunities for the growth of the market. Leading companies account for a major industry share leading to high production costs resulting in the concentration of the market. Some of the major market players of automotive silicone market are Wacker Chemie AG, The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd, and Momentive Performance Materials.

High Demand for Comfortable and Trendy Leather Goods to Fuel Sales

04 July 2019 : The leather goods consist of products used in daily life such as wallets, clothing, footwear, etc. Some innate characteristics of these products include qualities such as durability, crack resistance, and dustproof nature. This has resulted in high demand for comfortable and trendy bags, wallets, and other products fueling the growth of the market. Consumers prefer comfy yet stylish products due to changing fashion trends. This has also led to a rise in demand for accessories such as neckpieces, bracelets, and gloves. 

Changing Fashion Trends to Upscale the Sale of These Goods

The major material type variants in the leather goods market include Footwear (rubber and plastic, genuine leather, textiles and tropical fibers, etc.) and Leather Products (bio-based, genuine, and synthetic).

The genuine leather segment accounted for the largest share in the market and will continue its dominance over the forthcoming period. They comprise of leather obtained from hides of animals such as, pigs, goats, cows, and calves. Several categories of footwear products, such as casual sneakers, slippers, sports shoes, and army boots are typically made using tropical and textiles fibers. 

Increasing acceptance of sports athleisure or leisure trend has resulted in companies presenting novel products that suit user’s necessities. The sales of casual, athletic, and running-inspired sneakers have been on the increase due to shifting fashion trends. However, the constant trend of clear shoes is anticipated to drive the demand for plastic in shoe manufacturing. 

In addition, rubber shoes, like crocs, are similarly considered to be comfortable and trendy and are coming back in fashion, thus challenging sneakers. The emerging trend in the leather goods is high-end fashion brands coming up with stylish shoes of their own. For example, the high-fashion brand Balenciaga came out with their own crocs valued at USD 850.

Market Insights

Small- and medium- sized manufacturers in the market are familiar with the local markets along with the product demand, which gives them an inexpensive superiority over others. These key players provide substantially to the local demands and can reach their customers earlier than their global counterparts. 

Leading players operating in the leather goods market include Nike, Inc.; Adidas AG; Puma SE; New Balance Athletics, Inc.; Fila, Inc.; Knoll, Inc.; Johnston and Murphy; Woodland; and Timberland LLC.

Automotive Silicone to Gain High Commercial Traction

Automotive silicone is a heat resistant rubber-like polymer used in manufacturing lubricants, adhesives, thermal & electrical insulation, and sealants. Its characteristics include strength, durability, and resistance to chemicals, abrasions, and ultraviolet making it a leading choice for the automotive industry.

Interior and Exterior Segment to Contribute Substantial Demand to the Market

The major application variants in the market include engine and drive train (EDT) systems, interior and exterior, suspension system, electrical system, and others. Among these, interior and exterior and EDT systems are the foremost applications of the product. 

The interior and exterior parts include numerous components, such as meters, tires, seat belts, seats, flooring, door panels, instrumental panels, and airbags. The product is extensively used in all these parts in the form of adhesive, rubber, coatings, and sealant. Properties such as flexibility in cold conditions, high-temperature resistance, better grip, and compatibility with dyes lead to its wider use in the industry.

Interior and exterior segment is followed by EDT systems. The capability to preserve rubber, leather, and plastics makes silicones appropriate for use in lubricants. The lubricants are used in several portions of EDT systems to remove squeaks caused by friction. Some other applications for EDT systems comprise of fuel pump seals and fuel injection, manifold gaskets, plugs and cables, and diaphragms. This product is resistant to high-temperature, making it ideal to use in EDT systems. 

EDT systems are followed by electrical systems that are anticipated to observe the fastest growth over the projected period. Silicone has a good electrical conductivity that makes it a perfect material in the ignition cables and spark plug boots. Rising demand for electronic systems in automotive segment is projected to have an optimistic influence on the segment growth.

Market Insights

Companies are concentrating on new product development and R&D activities for the establishment of their market place. For example, in June 2018, Momentive Performance Materials, Inc. announced SilGrip PSA810 to its collection of pressure-sensitive adhesives.

Leading players operating in the automotive silicone market include Wacker Chemie AG, The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd, and Momentive Performance Materials. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the growth of the industry. 

Low-cost Carrier Airlines to boost Aerospace Foam demand in Commercial Aircrafts

25th April 2019: Aerospace foam is a common insulation material used to fill open cervices in between the outer shell and passenger compartment. It has numerous functions such as reducing engine noise, safeguarding the mechanical systems from temperature variations and moisture, which may otherwise lead to corrosion, and regulating temperature. Noise produced by airplanes causes disturbance, which ultimately demands efficient, improved airplane foams. In the previous years, micro-light fiberglass was used for aircraft insulation, which could potentially absorb the moisture but added unnecessary weight to the vehicle.

Excellent properties of polyurethane foam to benefit aerospace and automotive industries

The major product types can be stated as polyethylene, metal, polyurethane, and ceramic, among others. The material currently holds maximum segment and is expected to lead in the forthcoming years as well due to cellular structure characteristic. Polyurethane presents superior strength-to-weight ratio due to its cross-linked resin and cellular structure. Its closed-cell structure makes rigid polyurethane foam highly resistant to absorbing water and avoid other related damages.

Besides applications in automobile and aviation industry, the material is also used in appliances, apparel, composite wood, building and construction, flooring, electronics, medical, furnishings, marine, and packaging. In terms of volume, China and United States are the dominant regions in the industry due to growing manufacturing domain and increasing industrialization.

Fuel economy is one of the hot topics for both manufacturers and customers. In the automobile industry, government is strictly focusing on implementing fuel consumption regulations for light trucks and passenger cars. For instance, Corporate Average Fuel Economy (CAFE) in United States is stressing on achieving fuel efficiency of 54.5 mpg for passenger vehicles by 2025.

Market insights

Increase in demand for cost-efficient airlines has augmented the demand for the material in commercial aircrafts. This can be attributed to the lightweight and excellent insulation properties of the material. Additionally, increasing urbanization, growing government investment in the military flying machines, and increasing use of the product in plane’s interior cabins and flight decks is fueling the market.

Ongoing research and development in improving the material is predicted to offer lucrative growth opportunities in the future. Moreover, progresses in flame & heat-retardant foams is another advancement attracting end-users.

The major players in the industry include ERG Aerospace Corporation; Aerospace Corporation; Aerofoam Industries; Everchem Specialty Chemicals; Solvay; Technifab Inc.; and UFP Technologies.

Is Polypropylene (PP) Compounds Market Driving New Levels of Innovation?

23rd April 2019: Polypropylene (PP) compounds are thermoplastic resins formed using a mixture of one or more base polyolefin with several other components like additives, impact modifiers, pigments, and fillers and reinforcements. These compounds offer better heat resistance, stiffness, and higher mechanical toughness. Its excellent impact and tensile strength makes it an extensively used product in several areas such as automotive parts, films, textiles, and more.

Mineral Filled PP Compound Products as Reinforcing Filler in Polypropylene Compounds

Based on the product type, polypropylene (PP) compounds market is classified into reinforced glass, mineral filled PP compounds, compounded TPV, compounded TPO, and others. The rising demand for mineral filled PP compounds is estimated to grow at highest CAGR in the forecast period i.e. from 2018-2025. Reason behind overall market growth could be the rising use of minerals in polypropylene compounds to produce higher heat distortion and rigidity. 

The exclusively used minerals comprise calcium, talc, silica, glass beads, and mica. Moreover, it is used in applications like electrical & electronics and automotive sectors owing to better mechanical stiffness and thermal stability. Talc is known as one of the most useful mineral fillers that are compatible with the polypropylene (PP).

SABIC® PPcompound 108CSF10 is an elastomer-adapted mineral filled polypropylene for automotive exterior applications. It is primarily designed to associate an excellent work profile with good processing. Sirmax’s polypropylene (PP) mineral-filled compounds are sold under the brand name ISOFIL® which comprises both copolymer and homopolymer PP compounds. 

In addition, compounded TPO is estimated to arise as the fastest growing product and is estimated to grow at highest CAGR in the forecast period.  

Market Insights

Rising consciousness among populace regarding sustainability of natural resources is generating new opportunities for major market players in Europe and North America. Further, this factor is estimated to propel market growth in future. Moreover, enhanced technological innovations will help to produce novel products in future. 

For instance, Prime Polymer Co., Ltd. and Mitsui Chemicals, Inc. together established new PP compounds company Mitsui Prime Advanced Composites Europe B.V. in the Netherlands. This will help to expand and strengthen PP business by enhancing technology, production, and sales service structure to supply high quality products to automobile manufacturers.

The prominent manufacturers of polypropylene (PP) compounds market are A. Schulman;Trinseo, LyondellBasell; PolyOne Corporation;Advanced Composites; Sumitomo Chemicals; RheTech Inc.;Solvay;ExxonMobil; and Washington Penn Plastics Co., Ltd. These major manufacturers strongly capitalize on the expansion of their business and growth to uphold a top position.Kingfa and Washington Penn Plastics Co. are the two largest independent polypropylene compounders. 

Polyurea: A Polymer with High Elongation and Tensile Strength

Polyurea is obtained from the reaction of isocyanate compounds and synthetic resin blended polymers through step-growth polymerization. Raw material such as aromatic and aliphatic compounds are used to in the manufacturing process of this polymer. The polymer is extensively utilized in the manufacturing of coatings, lining, adhesives and sealants, and other products.

This polymer comprises several exceptional characteristics such as greater thermal stability, fast curing time, better water insensitivity, and pigment compatibility.

Excellent Caulking Agent

Polyurea comprises wide range of applications in construction, transportation, industrial, and others. High durability and rust prevention capability of polymer encourages its use in construction industry. The compound can be preferred in tank liners, manhole and tunnels, and containment structures due to high reactivity and relative moisture sensitivity of the polymer.  Polyurea-based lining products are used in landfills and waterproofing system due to their high chemical resistance against liquids. The polymer can be also utilized as a caulking agent in control joints and expansion joints in floors and water reservoirs. For instance, Huntsman offers a wide range of methylene diisocyanate (MDI) products that can be used in coating formulations for polyurethanes/polyurea systems. These raw materials can be used in applications such as polyurea spray, concrete floor coatings, liquid waterproofing membranes, bridge decking, and others.

Polyurea used as coatings and sealing materials in marine, aerospace, and automotive.  In terms of Volume, the product utilization in transportation is anticipated to grow at a CAGR of 4.0% from 2015 to 2022. The polymer can be used as an alternative to metal fastener in automobiles to reduce car weight and enhance efficiency. In addition, growing concerns about green gas emissions is also expected to increase demand for for eco-friendly coatings in automotive industry. This is also expected to boost the demand for polyurea. Demand for this polymer is anticipated to increase in industrial application in the coming years. Changing trend from breakdown maintenance to condition-based monitoring in manufacturing is expected to boost the product demand.

Market Overview

According to a report published by Grand View Research, Inc.; the global polyurea market is anticipated to accomplish a valuation of around USD 936.7 million by 2022. Increasing application of adhesives and sealants as a bonding agent in construction and automotive industries can impel the market from 2012 to 2022. Growing demand for waterproofing membrane in civil construction is anticipated to increase demand for sealing materials.

Some of the key companies operating in the polyurea market include Specialty Products, Inc.; Huntsman; BASF; Versaflex; and Bayer.

Microencapsulation for Preventing Ingredient Degradation

Microencapsulation is a process in which liquid, solid, or gases may be enclosed in tiny particles by establishment of thin coatings of wall like structure around the ingredient. The technology provides many benefits such as protection of core materials, better handling of ingredients, and controlled release of core ingredient.

Various microencapsulation technologies include coating, emulsion, dripping, and spray technologies are among others. Coating materials such as carbohydrates, lipids, gums and resins, proteins, and polymers are used in the process.

Improving stability of Nutrients

The technique provides value-added structures, which act as a functional ingredient for a several industries such as home and personal care, pharmaceutical and health care products, food and beverages, agrochemicals, textile, construction, and others.

The technology is extensively used in the pharmaceutical industry for masking of taste and odor, protecting drugs from weatherization, reducing particle size to improve solubility of poorly soluble drugs, cell encapsulation, and sustained drug delivery. Acceptance of the technique is high in the U.S. The use of technology in food and beverages industry is likely to rise at a CAGR of 15.0% throughout the study period. Sensitive and fragile materials can be sustained during the processing and packaging conditions by incorporating microcapsules. Microencapsulation provides improvement in nutrition value of food product along with aroma, texture, and taste. For instance, Bega Bionutrients, a part of the Bega Cheese Group based in Australia recently launched a microencapsulated lactoferrin called Inferrin. It can protect lactoferrin from chemical attack by the acids and digestive enzymes in the stomach, while delivering it in the small intestine. Thus, supports healthy immune and digestive system. It finds applications in food and beverages, dietary supplements, life stage nutritional powders, and animal health products.

Furthermore, demand for the technique in construction industry is expected to grow at a CAGR of 14.5% over the projected period. This can be ascribed to growing production of lime, cement, sealants, pigments, biocide coatings, antimicrobial coatings, and phase change materials used in construction.

Market Overview

According to a report published by Grand View Research, Inc.; the global microencapsulation market is anticipated to accomplish a valuation of around USD 19.34 billion by 2025. Increasing use of the technology in pharmaceuticals and several other industries to protect and improve handling core materials can propel the market from 2014 to 2025. Additionally, technological advancements and growing awareness about advantages of the technology can raise the acceptance of the technique in the coming years.

Some of the leading companies operating in the market include Dow Corning Corporation, InnoBio Limited, Bayer AG, Ronald T. Dodge Co., and Reed Pacific Pty Ltd.

Plants Based Plastics to Alleviate Waste Pollution

SAN FRANCISCO, November 29, 2018

Growing requirement for raw materials that can be transformed easily into durable and sustainable products is anticipated to propel demand for plastics. Plastics are expected to an array of synthetics and semi-synthetic organic solids, which can be converted into various useful products. Such organic polymers can occur naturally or derived from petrochemicals. Flexible usage, low manufacturing cost, and abundance of raw materials can impel demand for plastics over conventional materials like metal, leather, wood, and glass. 

Bio-PET to Save Environment

Major product variants of plastics are poly propylene (PP), polyethylene (PE), poly vinyl chloride (PVC), polystyrene, polyethylene terephthalate (PET), and engineering thermoplastics. In the coming years, polyethylene terephthalate segment is anticipated to witness fast growth owing to rising demand for packaging of carbonated soft drinks.

To cater to rising demand, most companies are likely to invest in R&D activities to develop new and innovative products. For instance, SCG Chemicals is expected to offer bio-polyethylene terephthalate (PET) under its eco products range. Bio-PET can be produced from plant based bio-MEG (mono-ethylene glycol) instead of petroleum based MEG. Bio-MEG can be produced from agricultural activities and can include hay, molasses, and bagasse. It can be used to manufacture products like soda and water bottles. The product is anticipated to be trusted by leading manufacturers of soft drinks like Coca-Cola (Japan).

Market Insights

The global plastics market is projected to grow at CAGR of 8.1% by 2020, according to a report by Grand View Research, Inc. Increasing adoption of advanced technologies to recycle various plastic products can augment market expansion in the forthcoming years. Plenty of raw materials required to manufacture different forms of plastics can further augment market expansion. Versatile properties of plastics including pressure and heat resistance are likely to expand scope of their application in various end-use sectors. This, in turn, can augment market expansion in the forthcoming years. Continual growth of construction and packaging sector demanding various forms of plastics can stimulate market growth during the forecast period. Rising demand for plastics over conventional materials like wood, paper, and ceramic in various applications can drive market growth during the forecast period (2012 to 2020).

Some of the leading companies operating in the plastics market are Bayer Material Science, Dow Chemical Company, Celanese Corporation, Formosa Plastics Group, and Eastman Chemical Company.

Heat-resistant Polymer: The Future of Fuel-efficient Vehicles

10 September 2018: Heat-resistant polymers are high-performance polymers that hold excellent sliding friction characteristics and a capability to bear a high permanent operating temperature. This type of polymer can meet several aspects related to quality, durability, efficiency, and speed. Polyphenylene sulfide, fluoropolymer, polyimides, polybenzimidazole, and polyether ether ketone, and fluoropolymer are types of heat-resistant polymers. The heat distortion resistance and rigidity of these polymers can be improved by utilizing special strengthening materials such as carbon fiber, glass beads, or glass fiber.

Lightweight and High-Performance Plastics

Heat-resistant polymers find applications in various sectors including transportation, electricals and electronics, aerospace, and others. They are considered as lightweight substitutes to metals, thus are used widely in the construction sector. Recently, BASF SE developed an Ultradur (PBT, polybutylene terephthalate) to be used in the construction industry. The product can be utilized as a substitute for steel in PVC windows as a hardening component and insulation.

In 2016, transportation segment accounted for over 50.16% of the total volume and is likely to expand at the maximum CAGR over the forecast period (from 2018 to 2025). This growth is attributed to rising product usage for the manufacturing of compact, lightweight, and fuel-efficient vehicles. Electronics and electrical segment accounted for over 34.45% of the total volume. It is expected to exhibit a significant growth in the years to come due to wide product application range in the manufacturing of motor brush cards, circuit, and connectors.

Market Overview

According to Grand View Research, Inc., the worldwide heat resistant polymer market is likely to achieve USD 21.38 billion by 2025. Growing use of lightweight plastics instead of metals in the automotive industry is the major factor driving the market. Moreover, high product demand form the aerospace and automotive industries can fuel the market growth. Some of the leading companies in the market include Honeywell International Inc.; BASF SE; Daikin Industries, Ltd.; E. I. Du Pont De Nemours and Company; and Evonik Industries AG.

Read more @ 

https://www.grandviewresearch.com/industry-analysis/heat-resistant-polymer-market

Silicone Coating: Heat & Abrasion Resistant

Silicone coatings can be useful in a wide range of applications as they help avoid degradation of materials. They help reduce the loss of heat in several equipment and also offer resistance from dust, water, moisture; thereby, improves their performance and reducing the overall cost of maintenance. These coatings are widely used in industrial applications, consumer goods, building and construction, and automotive and transportation industries.

Material with Anti-corrosive and Electromechanical Properties

The building and construction segment is expected to exhibit the fastest CAGR during the forecast period due to rapid infrastructure development and rising focus on green buildings. In 2016, consumer goods sector accounted for over 30% of the total market share. Silicone provides exceptional gloss-retaining properties and thus are used for coating jewelry and household appliances. In addition, growing consumer disposable income levels is also likely to have a positive impact on the segment growth.

The product demand in industrial applications is likely to grow at an estimated CAGR of 6.1% from 2018 to 2025 (forecast period). Rising focus on improving the operational efficiency of industrial machines, such as heavy duty press, boilers, chimney, pipes, and high temperature solution tanks, would drive segment further. Companies are investing in R&D to introduce advanced solutions. For example, Nanto Paint recently introduced a new biocide-free epoxy-silicone coating for hull applications of marine and yacht with anti-stick properties applicable for a very low friction surface.

Market Overview

According to Grand View Research, Inc., the global silicon coating market is predicted to achieve USD 6.81 billion by 2025. Factors such as increasing demand from industries, such as consumer goods and construction, along with rising use of energy-saving and biodegradable products can drive the market in the coming years. Some of the leading companies in this market are Momentive Performance Materials Inc.; Shin-Etsu Chemical Co.Ltd.; DOW Corning Corporation; Wacker Chemie AG.

Read more @ 

https://www.grandviewresearch.com/industry-analysis/silicone-coatings-market

Natural Properties of Wood Vinegar to Promote Organic Farming

Growing necessity for bio-based products owing to rising environmental and health concerns is anticipated to propel the demand for wood vinegar. Wood vinegar is a natural by-product obtained in the production of charcoal and has numerous anti-oxidant and anti-microbial properties, which make it a natural substitute for fertilizers and chemical pesticides. Also known as liquid smoke or pyroligneous acid, wood vinegar is a good source of phenol, ester, methanol, and acetic acid. It finds applications in agriculture, animal feed, medicinal, food, & consumer products, and several others.

Wood Vinegar to have maximum Demand in Agriculture Sector

Agriculture segment accounted for the largest market share of 43.7 % in 2016 and is projected to reach at USD 2.8 million by 2025. The segment is likely to expand further and continue its dominance, in terms of revenue, even during the forecast period (from 2018 to 2025). This growth is attributed to the increasing use of product as soil fertility enhancer and organic pesticide. Supportive government initiatives to promote the use of non-toxic and biodegradable chemicals can also spur the product demand, thereby augmenting the segment growth. Wood vinegar as an animal feed improves the resistance in livestock while reducing the risks on human health associated with the consumption of meat. Thus, the animal feed segment is also likely to have a considerable growth during the forecast years.

Market Overview:

The global wood vinegar market is expected to reach at USD 6.6 million by 2025, according to a report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.7 % during the forecast period (from 2018 to 2025). Growing demand for natural alternative to fertilizers and chemical pesticides can drive the market growth in the coming years. Increasing adoption of organic farming methods to improve crop yield is also likely to stimulate the market demand. Prominent companies operating in the wood vinegar market are Vinegar Australia; Sort Of Coal; Taiko Pharmaceutical Co., Ltd; VerdiLife LLC; and Nettenergy B.V.

Many private and government organizations are emphasizing on introducing new products in the market. For instance, in 2017, the Center for Science and Technology Information (CESTI) announced the successful production of wood vinegar. The new product is designed to be used in organic agriculture as medicinal herb. It was developed by BIFFA, a fertilizer company, along with Tropical Agricultural Research and Consultancy Center (TARCC).

Read more @ 

https://www.grandviewresearch.com/industry-analysis/wood-vinegar-market