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.

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.

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.

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.

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

Spray Adhesive Manufacturers to Thrive with Revival of Construction Sector

Spray adhesives are specially formulated adhesives for commercial, residential, and industrial applications. In general, they are available in aerosol cans, spray cylinders, and in bulk for large jobs. They are also referred to as spray glues and are widely used in industrial verticals such as packaging, automotive interiors, and insulation drywall constructions.

Construction to Remain Key End-User Industry through 2025

Rapid expansion in the end-user industries such as packaging, construction, automotive and transportation, furniture, and textile and leather is fueling the demand for spray adhesives. In 2016, the construction industry registered the highest demand for the product. Some of their key uses in the industry are installation of carpet tiles, insulation of pipes, roofing membrane systems, and EPS foams. They can be bonded over a large range of fiberglass, building material substrates drywalls, and plasters.

Furniture is also one of the key application segments of spray adhesives. The demand for the product in this segment is anticipated to experience a sharp rise over coming years. Polyurethane is a highly preferred material for adhesives used in furniture applications. Glues manufactured using polyurethane prevent widening of cracks caused in wooden cabinets due to climatic changes. Aerosol glues find extensive applications in woodwork products such as cabinets and upholstery. These attributes coupled with technological improvements are augmenting the usage of polyurethane-based aerosol adhesives in the segment.

Some of the key sub-uses of spray adhesives are padding, mattress assembly, flexible foams, decorative cabinets, and high-pressure lamination to plywood and particle boards. ITW Polymers and Sealants exhibited its Sta'-Put lines of spray adhesives in WMS 2017, including Sta'-Put 80, a spray adhesive specifically formulated for bonding high-pressure laminate to particle board and various other porous and non-porous surfaces.

Market Insights

As per the findings of Grand View Research Inc., the global spray adhesives market is estimated to amount to USD 8.08 billion by the end of 2025. Revival of the construction sector in developed nations after the economic downturn in 2008 can provide a fillip to the market. Additionally, upswing in the construction of green buildings in these economies can support the growth of the market. Spiraling sales of furniture, owing to rising disposable income of people around the world, can also positively influence the market.

Asia Pacific will hold the leading share in the market throughout the forecast period (2017 to 2025). Some of the key players in the market are Ashland Inc.; H.B. Fuller Company; BASF SE; Henkel AG & Co. KGaA; and Sika AG.

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https://www.grandviewresearch.com/industry-analysis/spray-adhesives-market

Combination of Epoxy and Polyurethane - Next Big Thing in Tooling Board Manufacturing

Tooling boards, also known as modeling boards, are used for creating durable bonds, models, prototypes, and reusable tools with the help of computer numerical control (CNC) machines. These boards are acknowledged for their high dimensional stability and superior strength along with low density.

Adoption of Low-Density Polyurethane Foams to Go Up

Polyurethane (PU) and epoxy are the primarily used materials for the manufacturing of tooling boards. Polyurethane is the more preferred material and is extensively used in CNC-machined molds and plugs. PU-based molds exhibit dimensional stability and accuracy in storage for a long time because they do not react with moisture and do not contract or shrink with time. In recent times, there is an increasing shift towards lower density polyurethane foam in order to improve economics. A flourishing composites market is anticipated to supplement the growth of the segment.

Epoxy finds application in prototyping and building precise patterns and buildings owing to properties such as high-temperature resistance, dimensional stability, high strength, and excellent surface finish. Surging demand for prototypes of Formula One cars and aircraft is likely to boost the use of epoxy in the manufacturing of tooling boards.

A recent trend that is rapidly gaining prominence is the utilization of machinable epoxy-based pastes that enable the application of PU foam with low density for the interior volume of a mold or plug. For instance, General Plastics offers LAST-A-FOAM® FR- 4700, a high-temperature tooling board line, which allows limited-run tooling in areas where using metal dyes is highly expensive. It is made up of an epoxy-hybrid material, which provides dimensional stability to polyurethane foams.

Market Insights

According to a report by Grand View Research Inc., the global tooling board market is projected to expand at a CAGR of 5.0% between 2017 and 2025. Spiraling adoption of prototyping techniques is expected to be one of the key growth stimulants of the market. Introduction of advanced technologies that use minimum resources to produce reliable and efficient prototypes is leading to increased uptake of prototyping techniques in industries such as marine, transportation, wind energy, and construction and architecture. Europe dominated the market in terms of revenue in 2016. The growth of the region can be attributed to the highly regulated environmental scenario compelling manufacturers to ensure development of sustainable products. 

Some of the key players in the market are Axson Technologies, Huntsman Corp., OBO-Werke GmbH & Co. KG, Alro Steel Corp., and Coastal Enterprises.

Automotive Flooring Designed to Improve Car Comfort

Automotive flooring solutions comprise carpets and mats that provide safety and comfort to car-buyers. In addition, these products play an integral role in enticing consumers towards buying cars. Polypropylene, nylon, rubber, and polyurethane are the major materials used in the production of these solutions. Major applications include heavy commercial vehicles (HCV), light commercial vehicles (LCV), and passenger cars.

Enhancing Luxe Levels

Colback Promotive is a range of primary carpet backings produced by Low & Bonar B.V. according to different contours of cars. These backings are adhered to a secondary backing to prevent car floors from noise and dust.

The Sparco car floor mats by Sparco, an automotive parts and accessories manufacturer, have also gained prominence due to their universal compatibility with almost all types of cars. These mats are easy to clean and produced from non-skidding materials.

Biomaterials to Slash Manufacturing Costs

The Ford Company uses soy as a base material in production of car interiors such as seat backs and cushions. This move adheres to safety guidelines outlined by the National Highway Traffic Safety Administration and can provide a boost to car sales.

Sorona-based carpets by DuPont are produced using renewable materials and can make them lightweight. It even has a lower carbon footprint compared to flooring interiors made from nylon 6.

Market Outlook

The global automotive flooring market is anticipated to exceed a valuation of USD 970 million by 2025, according to a report published by Grand View Research, Inc. It is expected to expand at a high CAGR from 2014 to 2025 (forecast period) due to the ever-growing automobile industry. Rising preference for aesthetically pleasing car décor is projected to positively impact the market.

Demand for noise absorbing mats and floor protection carpets are estimated to augur global market during the forecast period. High production of passenger cars in developing countries can also be a game changer for the market. Prominent market players include Low & Bonar B.V., AGM Automotive LLC, The 3M Company, and DuPont.

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Reclaim Rubber Market: Providing a New Life to End-of-Life Tires

Waste tires are often found morosely disposed of in vast landfills, not only eating up fertile, cultivable land space, but also ruining serene landscapes. These tires are now being put to good use by recyclers who have found the ultimate salvation for such products, using the innovative reclamation process.

Although reclamation has been around for decades, the technology has only recently come to light after developments have contributed to better product characteristics and lower processing costs as compared to natural or synthetic rubber. Furthermore, rising costs of these rubbers has also driven manufacturers to seek alternative sources of rubber in an increasingly competitive world.

The shift in trend towards eco-friendly & sustainable materials has also contributed to the demand for reclaimed rubber products in major end-use industries such as automotive, aerospace, consumer goods, footwear and others.

Expansion of these industries in developing economies has also provided a stimulus for market growth in countries across Asia Pacific. The ban on landfills in the EU and other favorable regulatory framework provided by governments in order to support and encourage recycling has also driven product demand in developed nations.

"The 3 M’s: Reduce, Reuse and Recycle"

Consumers are increasingly becoming more aware regarding the impact of their actions and consumption on the environment. This in turn has driven recent trends such as sustainability, recycling existing products, reusing old goods and reducing environmental impact & pollution.

Such factors have proven highly conducive to the growth of the reclaimed rubber market, since it primarily thrives on creating new products from disposed consumer goods such as automobile tires.

"Increasing income leads to rising passenger car sales"

Rising education levels and campaigns promoting recycling have also largely contributed to the demand for reclaimed rubber in the automotive indsutry. Rising consumer disposable income has driven interest and spending power, which in turn direcly translates into luxurious purchases such as automobiles.

Passenger car sales have risen tremendously in the past few years, especially in emerging economies such as China, India, Thailand and Indonesia. This in turn has driven automobile tire consumption rates as well. Improper disposal and recycling has created major crises in these regions that are already witnessing a space cruch on account of burgeoning population. As cities expand beyond their boundaries, unwanted tires accumulate in precious lands that could have otherwise been used to cultivate crops or construct buildings.

Thus, reclamation offers an ideal solution for these end-of-life tires, providing a new outlet for innovative applications in several regions across the globe.

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Structural Foams to Affect Construction Sector

Structural foams are thermoplastics produced primarily with the help of injection molding technique. They are lighter in weight and possess better weight to strength ratio compared to other plastics. Materials used for production of these foams are polyurethane (PU), polypropylene (PP), polystyrene (PS), and polyethylene (PE). Due to characteristics of durability, heat resistance, and strength, it has found applications in construction, manufacture of automotive components, electrical components, wind turbines, and others. An instance includes structural foams by Aramcell International S.A., which are considered ideal for low-weight components such as wind turbine blades.

Innovations in Structural Foams

Customization of components or parts due to consumer demand has encouraged 20/20 Custom Molded Plastics Limited to use multi-nozzle injection control technology. The technology saves production cycle time and limits the number of molds to prevent scraps. In addition, industrial robots are integrated into the production process to save on labor costs.

The construction industry is increasingly relying on these plastics to conserve environmental resources like wood. For instance, Nomaco’s structural foam-based composites have high resistance and low weight and possess the potential to be used in marine and transportation sectors.

3D printing technology is also gaining traction due to its user-friendly, direct-ink-write features. It can be a viable replacement for foams created by conventional methods.

Market Insights

The global structural foam market is projected to exceed a valuation of USD 42 billion by 2025, according to a report by Grand View Research, Inc. Increasing demand from automotive, material handling, and electronic and electrical sectors is expected to drive market volume from 2014 to 2025, the forecast period. Furthermore, demand for lightweight materials in light of stringent environmental policies is predicted to spur global demand. On the down side, fluctuating prices of raw materials as well as concerns regarding disposal of structural foams can impede market growth.

Prominent market players include Covestro AG, The Dow Chemical Company, Diab International AB, and SABIC.

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Automotive Adhesives and Sealants Improving Strength of Vehicles

Automotive adhesives and sealants are used in a wide range of applications in the automotive industry. They can be extensively used to reduce noise vibration and hardness (NVH), for sealing and protection, and various other functions. Additionally, to reduce CO2 emissions, automobile manufacturers are focusing on creating high-performance light-weight vehicles using these products. Adhesives are extensively used in the automotive industry to provide strong resistance against impact, heat, and corrosion. Automotive sealants, on the other hand, provide durability, strength, and safety to a vehicle.   

   

Fast-curing Adhesive

Various technologies such as water-based, solvent-based, hot melt, and reactive are used to manufacture adhesives. In 2016, water-based technologies acquired the largest market share due to replacement of traditional solvent-based adhesion products with better sustainable options. These products are manufactured using natural polymers or soluble synthetic polymers. Natural polymers include protein, vegetable, and animal sources. Synthetic polymers include methylcellulose, cellulose ethers, and polyvinyl alcohol.

Reactive is a high-performance adhesive and has exhibited increased demand due to its high bond strength and outstanding durability under hostile environmental conditions. Reactive adhesives are predicted to grow at a considerable rate in the near future.       

Sika Corporation recently introduced “SikaMelt 9677” in the US market. It is a polyurethane hotmelt adhesive. This product is appropriate for bonding of foams, woods, textiles, polar plastics, and painted as well as primed steel substrates. This reactive adhesive can be well suited for recreational vehicles (RV) and garage doors.

Market Overview

According to Grand View Research, Inc., the worldwide automotive adhesives and sealants market is likely to reach USD 3.8 billion by 2025. Rising worries regarding excess fuel consumption and greenhouse gas emissions are predicted to surge product demand in commercial as well as passenger vehicles. Additionally, strict government policies regarding use of bio-based adhesives are expected to have a positive influence on the market during the forecast period (2014 to 2025). Greater China is projected to remain a high-growth region for the next few years owing to high automobile production rate, low labor costs, and geographical proximity to emerging countries.

Some of the leading companies operating in the market are Avery Dennison; 3M Inc.; Evonik Industries AG; BASF SE; and AkzoNobel.

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https://www.grandviewresearch.com/industry-analysis/automotive-adhesives-sealants-market/request

Metal Foil Tape Manufacturers to Target Automotive Sector to Increase Overall Profitability

Metal foil tapes offer advantages such as superior resistance to moisture, flame, UV radiations, weather, and dirt. Therefore, their demand is likely to remain high in coming years in several end-user industries to protect surfaces and assemblies from hot and cold environmental conditions. These tapes are extensively used in efficient heating and cooling jobs involving light and heat reflective and thermally conductive surfaces.

Excellent Performance in Extreme Environment Conditions

Some of the key end-user industries are automotive and transportation, building and construction, electronics, defense and aerospace, and consumer good and appliances. The building and construction sector is the leading consumer of metal foil tapes. Heightened usage of heating, ventilation, and air conditioning (HVAC) systems is anticipated to stir adoption of these tapes in the sector. The automotive and transportation sector is likely to emerge as a key consumer by 2025.

Metal foil tapes are used for heat sealing, sound dampening, and auto repair needs. Manufacturers are tapping into the potential of the segment and therefore, focusing on research and development activities to manufacture advanced and cost-efficient products that help them in increasing their visibility. For instance, 3M company offers 3M™ Damping Foil 2552, which damps vibration and noise with as little as 10% surface coverage. The foil tape converts vibrational energy to negligible heat that readily dissipates.

Market Insights

According to a report by Grand View Research, Inc.; the global metal foil tapes market is poised to expand at a CAGR of 6.3% over the forecast period (between 2017 and 2025). Rapid expansion in the building and construction sector can provide a fillip to the market. Developing regions are witnessing a boom in the construction industry due to growing population. Uptake of metal foil tapes in the industry in developed regions is being driven by rising focus on developing infrastructure and repairing existing capital assets.

Besides this, flourishing growth of other end-user industries such as automotive and transportation, electronics and consumer goods, and military is expected to drive the market. Metal foil tapes are widely used in HVAC systems and therefore, widening scope of applications of these systems can augur well for the market.

North America will be a major revenue contributor in the global arena throughout the forecast period, thanks to increasing investments in commercial construction and infrastructural projects. Some of the key companies operating in the market are 3M Company; Nova Films & Foils, Inc.; Scapa Group Plc; Hitachi Maxell, Ltd., and Nitto Denko Corporation.

Functional Textile Finishing Agents for Fabrics that Do More

Functional finishing agents incorporate epoxy polyether lateral chains and water-soluble polysiloxane & polyether. They are mixed with organic properties, anti-inflammatory substances, and antimicrobial catalysts to formulate textiles with specific properties.

Radical innovations and surface modification processes can drastically alter the performance and appearance of the fabrics. Crease & flame resisting agents, stain repellents, soil releasing agents, and water repellents are the primary examples of functional finishing agents. Consumer preference for protective fabrics triggered by awareness regarding health & hygiene can impel their demand in the near future. 

Wrinkle & Water Resistant Clothing

Ministry, a Boston-based fashion brand recently launched “Easier Than Silk” shirt collection. The material of these shirts looks and feels like silk, but it is made of the innovative Japanese technical fabric. This engineered functional textile is wrinkle-resistant and it protects the wearers from excessively hot weather. The breathable and moisture-absorbent fibers of these shirts are flexible and they allow free body movement without the fear of sagging. This clothing is machine washable, wrinkle free, and easy to maintain.

Hypoallergenic Bedding Linen

DermaTherapy are the bedding products developed by Precision Fabrics Group Inc.; based in Greensboro. These products including pillow cases, under pads, and sheets are FDA approved. The unique cleared-fabric technology keeps these products clean, dry, and lint-free. This technology reduces friction and allows more comfort. These innovative products are hypoallergenic, which makes them ideal for bed-bound patients, skin diseases, and menopausal women suffering from night sweats.

Market Insights

According to Grand View Research, Inc.; the worldwide functional textile finishing agents market is anticipated to grow at over 6.1% CAGR during the forecast period (2014 to 2025). It is expected to surpass USD 4.52 billion by 2025. Growing health & hygiene concerns can drive the market demand. High disposable income in developing economies can further impel the growth in the forthcoming years.

Competitive Insights

BASF SE, Dow Chemical Company, Bayer AG, and Evonik Industries, are some of the major players in the market. Most companies engage in new product developments and strategic business alliances to expand their product portfolios and business on the global scale.

In-Depth market research report on functional textile finishing agents market:

http://www.grandviewresearch.com/industry-analysis/functional-textile-finishing-agents-market

Preemie Diaper - A Revolutionary Addition to Polypropylene Absorbent Hygiene Products

Polypropylene (PP) fabrics are lightweight, tough, reusable, and flexible. They also have higher water absorption capacity making them ideal for baby diapers and adult incontinence, as well as female sanitary products. The inner lining of the PP baby diapers often contains aloe and vitamin E, which prevents skin irritation and rashes. These diapers have higher absorption and are more convenient to use in infants as they are more hygienic and do not require laundering.

Preemie Diapers – A Revolution:

There are plenty of premature babies born every year, of which around 2% weigh less than 2 pounds. Although regular diapers have been a boon for mothers, these early arrivers have unique needs, which make their care different from full-term infants. Kimberly-Clark has worked with Neonatal Intensive Care Unit (NICU) nurses and neonatal therapists to develop their newest addition to Huggies family —Huggies Little Snugglers Diapers.

Preemie diapers are designed specifically to protect the baby’s fragile skin. They are made of super-absorbent breathable material that has premium liners to help reduce wetness against the skin. It is designed to narrow at the crotch in order to allow optimal fit, encouraging healthy growth and development. The soft and overlapping fasteners give gentle elasticity making it comfortable and flexible for the baby’s abdomen.

The material used is hypoallergenic, fragrance & lotion free, and free from latex rubber. They also come with color-changing wetness indicators to let you know when it’s time to change the baby’s diaper. Such diapers are specially designed with an umbilical cord cut-out to protect the healing belly button. PP used in side liners, waistband, leg elastic, absorbent padding, and fastening systems provide a snug and gentle fit, while protecting from leakage. Adorable Disney graphics of Winnie the Pooh and friends provide moms with a sense of comfort in the clinical environment. 

PP Absorbent Hygiene - Market Insight:

According to a new report by Grand View Research, Inc., the global PP absorbent hygiene market is predicted to surpass USD 17 billion by 2022. Rising awareness regarding the use of diapers and their associated benefits in infants is predicted to drive the market over the forecast period (2012-2022).

Rivals:

Kimberly-Clark; CNC International Co., Ltd; Jofo and Polymers Group, Inc.; are key rivals of the PP absorbent hygiene market. They undergo mergers & acquisitions and products diversifications to get an edge over their competitors.

In-depth report on global PP absorbent hygiene market by Grand View Research:

http://www.grandviewresearch.com/industry-analysis/polypropylene-pp-absorbent-hygiene-market