Bulk & Specialty Chemicals

Passive Fire Protection Materials Market to witness a CAGR of 8.7% over 2017-2024, product innovations and R&D activities to outline the competitive landscape

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In a major turn of events encompassing the passive fire protection materials marketplace, the strategic collaboration between AkzoNobel and Benarx Solutions is certainly a news that is grabbing most of the attention lately.  Somewhat toward the last quarter of 2017, AkzoNobel, a formidable player in passive fire protection materials industry, has reportedly, inked a marketing and distribution agreement with Benarx Solutions AS, the majority owned subsidiary of Beerenberg Group, in a bid to enhance its product portfolio in the business space. Allegedly, the agreement grants AkzoNobel the authority to combine its wet-applied fire protection solutions with Benarx’s innovative dry based Passive fire protection materials products specially dedicated for oil and gas sector. Experts have been already raving about the collaboration, claiming it to bring a disruptive trend in the entire passive fire protection materials market with a diversified platter of innovative solutions for various complex projects.

U.S. passive fire protection materials market size, by end-user, 2013 – 2024 (USD Bn)
U.S. passive fire protection materials market size, by end-user, 2013 - 2024 (USD Bn)

In recent times, safety measures in commercial and residential infrastructure has a bigger role to play than anticipated, a factor that has tremendously upscaled passive fire protection materials industry demand. Based upon the data received from the National Fire Experience Survey of 2016, public fire departments in the United States were reported with over 1.3 million fire accidents in 2016, resulting in a casualty of almost 3,390 civilians, allegedly the highest in number since 2008. The astoundingly mammoth prevalence is prompting passive fire protection materials market players to come up with efficient and effective fire protection coatings for residential and commercial infrastructures as well. Moreover, stringent governmental legislations with regard to domestic fire safety are further complementing passive fire protection materials industry growth.

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Persistently being channelized by the continuous improvisation of building standardization, the competitive landscape of passive fire protection materials industry is strongly characterized by product innovations via R&D activities. In this regard, recently, passive fire protection materials market has witnessed the inception of an absolutely innovative fire-resistant coating named Firoshield. Collaboratively being launched by researchers of Nanyang Technological University and engineers from JTC Corporation, the latest coating is claimed to cost half than that of conventional coatings. Add to it, sources claim that these coatings can be applied to structural materials in half the time than that of its traditional counterparts.  Allegedly, this state of the art version of fire protective coating would be sent to U.K for industry certification purposes, which is reported to be completed by April, this year.

Some of the other leading names contending a strong portfolio in passive fire protection materials market include Rudolf Hensel, Teknos, Promat International, 3M, Lloyd Insulations, Hempel, and Sherwin-Williams. Most of these giants are bending over backwards on R&D investments to spurt their product portfolio in the strategic landscape. To cite an instance of the same, recently, Jotun, the Norwegian chemical giant has declared its plan of establishing a completely new R&D center at Flixborough, United Kingdom. Reportedly, the project led with an initial investment of GBP 4.5 million would exclusively focus on fire insulation and protection coatings, in a bid to reinforce Jotun’s position at the vanguard of the burgeoning passive fire protection materials industry.  Considering the aforementioned initiations, it is quite coherent to mention that the passive fire protection materials market is overt to witness a plethora of opportunities over the ensuing years. Obviously, the market’s fullest potential can only be achieved through joint contribution from both private as well as government entities. However, with the globe treading on the path of sustainability trends along with profound research activities addressing the same, it is undeniable that passive fire protection materials market would also record a tremendous stature in terms of product innovations and revenue.  In terms of commercialization, worldwide passive fire protection materials industry size is claimed to exceed a valuation of USD 27 billion by 2024.

Author Name : Satarupa De

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Phosphorescent pigments market to garner lucrative proceeds over 2017-2024 via massive product demand from the paints & coatings and construction arenas

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An exclusively discernible example of an industry famous among all and sundry, though not by its christened name, phosphorescent pigments market stands as one of most popularly reputed spheres at the grassroot level. Owing to their widespread popularity, phosphorescent pigments industry players have been continually involved in R&D programs that would enhance the application landscape of this business sphere. Say for instance, the Urban Redevelopment Authority (URA), as recent as early 2017, tested four different types of surface materials on a 1,300-foot stretch of Singapore’s Rail Corridor behind a metro station in Bukit Panjang, in order to make the trial safer and more reliable for public use, without the necessity for street lighting. While the response to the luminous trail has been slightly underwhelming, it has been satisfying enough for the notion to gain weightage, prompting regional phosphorescent pigments market players to expand their R&D programs and explore the idea further with regards to practical implementation.

U.S. Phosphorescent Pigments Market Size, by End-user, 2013 – 2024 (USD Million)
U.S. Phosphorescent Pigments Market Size, by End-user, 2013 – 2024 (USD Million)

Phosphorescent pigments market may dynamically transform street lighting & energy consumption

These products, better known by their colloquial name – ‘glow in the dark’ paints, find tremendous applications across the paints and coatings, plastics, and construction sectors, pertaining to their exclusive property of light absorption and quick, controlled emission in a dark environment. Endowed with excellent temperature resistance and longer emission times, these pigments ensure the long-term appearance of a luminous effect, which can be aptly credited for the expansive end-use spectrum of phosphorescent pigments market that includes novelty toys, roads, military equipment, plastic sheets, automobile interiors, wheel coatings, fire exits, and emergency signboards. One of the domains however, that may extensively benefit from these pigments and prove to be a profitable avenue for phosphorescent pigments industry growth, is the energy sector. In recent years, in a bid to save energy and reduce expenditure on highway lighting, companies have been tapping the notion of using bright glow paint signs on roads that would guide the driver and eliminate the necessity of lighting, thereby providing a lucrative growth ground for phosphorescent pigments market players. The concept had been brought under the scanner by a Dutch company in 2014 – Studio Roosegaarde, that joined hands with a Dutch civil engineering firm called Heijmans, with the intention of developing a phosphorescent paint that can glow brightly in the dark, on the outside, creating sufficient luminescence for drivers to see the pathway ahead. Despite not being globally commercialized, the perception, back then, successfully debuted in phosphorescent pigments industry.

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Phosphorescent pigments market outlook characterized by myriad R&D programs

As on today, ‘glow in the dark’ paint is being deployed across a plethora of applications in order to reduce energy consumption, which may substantially pave the way for phosphorescent pigments market expansion. Phosphorescent paint for instance, is being used to create luminous cement, that may transform the way the urban landscape is lit. Phosphorescent pigments industry firms have even been researching ways of developing ‘glow in the dark’ plants, that may direct the global populace toward a more sustainable and eco-friendly lifestyle. The pigments are specifically used for emergency exit signages, given the gravity of the situation. In fact, just recently, Councilor Mabel Acosta of Philippines stated that it would be mandatory for all the establishments to install glowing emergency exits that may help people escape during unforeseen calamities.

Traditionally manufactured from an amalgamation of copper and zinc sulfide crystals, phosphorescence pigments attribute their characteristic to the unique properties of crystalline zinc sulfide and the ability of copper to activate the crystals for absorbing light and emitting the same gradually to generate a phosphorescent sheen. However, these pigments have also been developed from alkaline earth metals such as strontium, after Nemoto & Company, a Japan phosphorescent pigments market player introduced a strontium-based product under the brand name of LumiNova. Apparently, these pigments possess a higher rate of durability and brightness than the traditional zinc sulfide based products – technically speaking, these pigments have an afterglow period that is ten times higher than ZnS-based pigments, and they are also known to be free of radioactive substances, while exhibiting excellent weather resistance. In consequence, this has generated a slew of growth avenues for phosphorescent pigments industry players to come up other unique products that can be used for highlighting the phosphorescence effect, without compromise. The overtly robust demand for the product for emergency exits, lighting, and signage boards, in addition to the rapid transformation in the lighting and construction sectors, will further provide a boost to phosphorescent pigments market trends. As per estimates, phosphorescent pigments industry size is slated to expand at a CAGR of 4.5% over 2017-2024.

Author Name : Saipriya Iyer

Tempered glass market to record a valuation of over USD 40 billion by 2024, incessant product experimentations to widen the application horizon

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Powered by a plethora of conventional as well as offbeat application arenas, tempered glass market undoubtedly is one of the most opportunistic, remunerative, business spheres of recent times. While the safety glass technology has already proliferated across automotive, construction, home appliances, greenhouse, and electronics sectors, the latest addition in the application spectrum is photography, rather in photography filters.  Subject to this fact, tempered glass industry space recently witnessed the inception of world’s first tempered glass GND (graduated neutral-density) and ND (neutral-density) filters. This new line of absolutely groundbreaking filters was officially launched in the mid of last year by San Francisco-based renowned giant, Breakthrough Photography. Sources claim- this new filter group, under its canopy, includes products like X4 GND, X4 ND Square, Dark CPL, and X100 Holder.  Apparently, X4 ND Square and X4 GND filters are deemed to be the sharpest and toughest of its kind, cite sources. Given the backdrop where researchers have been rigorously experimenting with this toughed glass in a bid to profile its application in various unorthodox spheres as well, tempered glass market, undeniably, stands in considerably paramount business position today. As estimated by Global Market Insights, Inc., overall tempered glass industry pegged a valuation of USD 24.5 billion in the year 2016.

U.S. Tempered Glass Market Size, By Application, 2016 & 2024, (USD Million)
U.S. Tempered Glass Market Size, By Application, 2016 & 2024, (USD Million) 

The change of events observed in the business space lately is expected to bring a consequential transformation in the way tempered glass market has been perceived for long. Say for instance, recently, renowned Indian glass maker, Borosil, has inaugurated a new tempered glass facility at its already established high performing solar glass plant at Bharuch. Experts believe, this million-dollar project, in effect, would significantly curtail the cost of solar power, in addition to improving its viability for consumers.

Reportedly, the 2-mm tempered glass produced by the Gujrat based firm would not only set a new standard for lighter glass material, but would also harness solar energy more efficiently with higher irradiance and lesser absorption.  In fact, with the deployment of this high transmission tempered glass in solar cell, module efficiency is claimed to increase by almost 30% with an enhanced shelf lifespan of 25-40 years.  The project is already grabbing much of a headline in renewable energy cosmos and allegedly, after full-fledged commercialization, would bring a disruption in tempered glass market dynamics as well.

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Geographically, tempered glass industry demand has observed a marked upsurge across emerging economies such as India, China, and Brazil, where the construction sector has been on a robust incline since the past few years. When it comes to selecting glazing products for applications that demand safety, strength, and durability, architects have always preferred tempered glass. Primarily on account of its unique blend of properties like superior strength and shatter resistance, tempered glasses, nowadays, are extensively deployed in modern construction applications in compliance with the safety glazing standards like CPSC 16 CFR 1201, and ANSI Z97.1. The projection that claims tempered glass industry share from commercial construction application to surpass a revenue of USD 12.5 billion by 2024, is further validating the aforementioned fact.

In this regard, it is imperative to mention that regional governments have had an indirect yet pronounced influence on tempered glass market proliferation, especially in this particular vertical. Say for instance, the China Government has been making quite some profound investments in green building facility since the past few years, which by extension has notably upscaled the product consumption in the regional infrastructural projects. In tandem, the country’s extensive growth toward central National New-Type Urbanization Plan is also claimed to complement the business expansion in the region. As per estimates, China tempered glass market is slated to cross a valuation of USD 4.5 billion by 2024.

It is undeniable that the ongoing experimentation that is presently outlining tempered glass marketplace, itself, is a testimony of the expanding application scope of the business sphere. However, volatility in raw material prices might create a supply demand gap in the value chain, hampering the profitability quotient to some extent. Nonetheless, in an effort to respond to the challenge, renowned giants involved in tempered glass market have been incessantly taking initiatives toward increasing the production capacity and expanding the product portfolio.  All in all, taking into consideration the multitude of application spheres that tempered glasses are engaged to, tempered glass industry is sure to make massive turnarounds in terms of profits over the coming years, exceeding a valuation of USD 40 billion by 2024.

Author Name : Satarupa De

APAC cinnamic aldehyde market to gain remarkable proceeds over 2017-2024, flavor agents to drive the product landscape

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With a recorded valuation of USD 1 billion in 2016, the growth curve of global cinnamic aldehyde market is claimed to witness a steady pace of progression over the coming years, courtesy- extensive utilization of flavor and fragrance enhancers in food items. Flavor enhanced confectioneries, chewing gum, candy, and ice cream, in particular, have emerged as the most preferred beverage choices for global consumers. This, in consequence, has created massive growth opportunity for cinnamic aldehyde market, primarily on account of the product’s substantial deployment in food items as a flavoring agent. A report put forth by Medical Safety and Global Health in 2014, claims that almost 180,000 kg of cinnamaldehyde is consumed each year, out of which approximately 141,000 kg is exclusively used as a flavoring agent, i.e. almost 95% of the overall consumption. The fraction, itself gives a clear picture of the growth potential of cinnamic aldehyde industry from flavoring applications.

U.S. Cinnamic Aldehyde Market, By End-Use, 2016 & 2024 (Tons)
U.S. Cinnamic Aldehyde Market, By End-Use, 2016 & 2024 (Tons)

Testament of the fact is the estimation analyzed by Global Market Insights Inc., which depicts that overall cinnamic aldehyde market share from flavoring agent would exceed a revenue of USD 650 million by 2024. The organic compound, having been already authorized by the international standards like U.S. FDA approval and GRAS status, has further aided cinnamic aldehyde industry penetration across the food and beverage space.

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Regionally, Asia is claimed to be an emerging ground for cinnamic aldehyde market progression over the coming years. The reason behind APAC to become the hotspot for market investors is quite obvious- increasing consumer spending on food and beverage items across this belt. The economic boom in Asia Pacific belt has triggered middle-class populace to shore up the disposable income, which by extension enabled them to invest more on luxurious food items. This changing food consumption pattern has eventually entailed an increased demand for cinnamic aldehyde for various food applications particularly in regions like China, India, and Indonesia. Another driving factor that has immensely favored APAC cinnamic aldehyde market proliferation is abundant availability of cinnamon in these regions. Having procured almost 35% of the overall cinnamic aldehyde market share in 2016, Asia Pacific, undoubtedly, stands in a position to be claimed as one of the remunerative growth grounds for the entire business space over the coming years.

Powered by presence of both local as well as international players such as Emerald Kalama Chemical, Vee Kay International, Kalpsutra Chemicals, Graham Chemical, and LANXESS, the competitive landscape of the overall cinnamic aldehyde market is claimed to be highly fragmented. These biggies have been increasingly focusing on developing integrated supply chains for an easy procurement of raw materials which would ultimately reduce the overall cost trends. In this regard, Emerald Kalama Chemical, has apparently invested almost USD 40 million in a bid to expand its benzaldehyde and benzoic acid business in Rotterdam.  As claimed by the Netherland based cinnamic aldehyde market giant, this expansion would support its amyl cinnamic aldehyde and hexyl cinnamic aldehyde plant in Widnes, England, that it had procured two years back from Innospec, in the year 2015. With shifting manufacturer focus toward cost reduction along with spreading consumers’ awareness with regards to product credibility and functionality, cinnamic aldehyde industry size is forecast to exceed a valuation of USD 2 billion by 2024.

Author Name : Satarupa De

APAC Bitumen Emulsifiers Market to perceive commendable remuneration over 2017-2024, PMB to emerge as a prominent end-use segment

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Endowed with a wide-ranging expanse of application domains, bitumen emulsifiers market has been witnessing commendable remuneration over the recent years. The ever-rising pace of road construction activities around the globe has been one of the most prominent factors that have propelled the demand for bitumen emulsions. Furthermore, it would be quite imperative to mention that there have been drastic changes in the construction and infrastructure industries over the recent times, however, the centrality of bitumen as the primary raw material in these industries has remained the same, which has eventually augmented the revenue graph of the overall bitumen emulsifiers market. To add to it, the growing significance of sustainability and environmental consciousness has necessitated the wide-scale utilization of bituminous asphalt in road repairing and maintenance activities, given that bitumen is recyclable and highly durable. Having recorded a remuneration portfolio in excess of USD 109 million in the year 2016, bitumen emulsifiers industry space is anticipated to register an impressive y-o-y growth rate of 4% over 2017-2024, as per a research report of Global Market Insights, Inc.

U.S. Bitumen Emulsifiers Market Size, by Application, 2013 – 2024 (USD Thousand)
U.S. Bitumen Emulsifiers Market Size, by Application, 2013 – 2024 (USD Thousand)

Bitumen emulsifiers have been increasingly preferred over conventional bitumen as it provides better coating and can be utilized in damp conditions, which has subsequently created a barrage of lucrative opportunities for bitumen emulsifiers industry players. In addition, the leading industry players, of late, have been aiming to expand the application spectrum of bitumen emulsions by enhancing the existing tech expertise. Apparently, the growth potential of the overall bitumen emulsifiers industry can be comprehended from the aforementioned factors, which further got reinforced by declarations made at the 10th Asia Bitumen Conference which was held in India. Industry analysts at the conference, which comprised of bitumen producers, key traders and renowned road contractors from Asia, claimed that the global demand for bitumen would reach 122 million tonnes by the year 2018. Apparently, these statistics go on to demonstrate the future growth outlook of the global bitumen emulsifiers industry, which can unarguably be termed as rather profound.

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Elaborating further, the end-use segment of bitumen emulsifiers industry has continued to gain wide popularity as these emulsifiers are highly sought-after in the construction of pavements, high-speed roadways, and large buildings. Polymer Modified Bitumen (PMB), one of the prominent end-use products which are also known as cold emulsions, is now being commonly used to construct runways at airports for seamless take-off and landing of flights. For instance, touted to be the world’s largest airport under-construction, Istanbul Yeni Havalimanı, has reportedly deployed six polymer modified bitumen manufacturing plants to build robust and heavy-stress enduring runways which would have a long service life. The facility reportedly produces high-quality asphalt at a rate of up to 1,680 tonnes each hour, which is then mixed with PMB to ensure surface course’s resistance to deformation in the longer run. Apparently, the high usage of PMB across various business verticals would further accentuate the pace of bitumen emulsifiers market size expansion. Concurrently, PMB end-use segment was valued at over USD 18 million in 2016 which underlines its influence on the overall bitumen emulsifiers industry space.

Speaking of the regional growth outlook, the burgeoning road construction projects in the fast-growing economies across the Asia Pacific, particularly India and China, have proved to be the chief growth drivers of the APAC bitumen emulsifiers market. According to the official statistics released in 2015, India commanded a road infrastructure of 3.3 million kilometers, the second largest after the USA. The Indian government had earmarked investments of around USD 20 billion for road construction and maintenance projects during the 2012-2017 five-year plan, which roughly translates to about 10% of the total government spending in these five years. Based on the estimated demand from the upcoming projects, India’s bitumen consumption is likely to outshine its domestic production capacity over the forthcoming years, which would undeniably propel the overall bitumen emulsifiers market share.

In such a scenario, bitumen emulsifiers industry is expected to be strongly characterized by product innovations and massive capacity expansion plans in the ensuing years. The global bitumen emulsifiers market is forecast to surpass a valuation of USD 150 million by 2024, as per estimates.

Author Name : Saif Ali Bepari

Geosynthetics market to amass huge profits from geotextiles over 2017-2024, road construction to drive the application landscape

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The profitability quotient of geosynthetics industry is market is forecast to escalate tremendously over the ensuing years, primarily augmented by the transformative construction industry. In response to the material being typecast as one of the well-established construction materials for environmental and geotechnical applications, geosynthetics industry, in the year 2016, pegged a valuation of USD 7 billion. It goes without saying that these synthetic materials have had played an instrumental role in resolving critical civil engineering issues since decades, where deployment of conventional construction materials are considerably restricted. However, research advancements of recent years have widened the application horizon of geosynthetics market to such an extent where construction workers are readily seeking to exploit the maximum potential of the materials using more powerful construction methods and design.

U.S. Geosynthetics Market Size, By Product, 2016 & 2024, (USD Million)

U.S. Geosynthetics Market Size, By Product, 2016 & 2024, (USD Million)

Geosynthetics market growth potential from geotextiles

Geotextiles, an integral product vertical of geosynthetics market, have been experiencing a preferential position in today’s construction projects such as upkeep of roads, dams, harbors, airfields, and canals.  This is due to the fact that non-woven geotextiles provide viable solutions to projects where conventional granular construction materials are not readily available. While civil workers were initially reluctant of deploying these new filter materials, the notable difference it has brought in designing the base and stabilizing the terrain, has led to an increased geotextile consumption in repair activities. Aided by the benefits of its inherent superior properties like permeability, retention, porosity, retention, and tensile strength, experts claim that geotextile market from pavement repair applications is expected to exceed USD 480 million in 2024.

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A precise archive of the application diversification of geotextiles in massive constructional projects:

  • A recent precedent aptly depicting penetration of geotextiles in critical construction projects is Canada’s permanent road to Arctic coast. Reportedly, the 120km highly construction involved integrating of geotextile fabric between the road and the ground by employing a fill technique that ensures projection of the permafrost. Experts claim this to be one of the flagship projects that the regional geosynthetics marketplace has lately witnessed, given the fact it is Canada’s first ever road linking the country’s Artic coast with the towns of Inuvik, which until now were only accessible by airplane.
  • Citing another noteworthy instance in geosynthetics industry- recently the national airport in Minsk has made to the headlines with the announcement of its plan of renovating the primary runway. Amidst the various initiatives implemented by the regional government under this runway reinforcement project, it is reported that the new runway would comprise of a base layer that is reinforced with Multitex PET from Machina. Allegedly, these geotextile-geogrid materials manufactured by Machina not only deliver excellent runway reinforcement but also ensure proper drainage support and soil separation.

A glimpse into the competitive landscape of geosynthetics market

The commercial production of geosynthetics involves raw materials like PVC, polyethylene, polypropylene, EPDM, and Polyester. Thus, it is quite conspicuous that any fluctuations in the price trend of these intermediates would have a direct impact on the revenue graph of geosynthetics industry, on account of their extensive demand from other burgeoning domains.  Companies partaking in geosynthetics market, in a bid to respond to this challenge, are increasingly focusing on production capacity enhancement and strategic collaborations to expand their business beyond regions. For instance, toward the end of last year, Groupe Solmax, the Canadian based geosynthetics market giant, acquired Quebec headquartered GSE Environmental from a private equity firm named Littlejohn & Co. and funds owned by investment manager, Strategic Value Partners.

Amidst such a backdrop where smart construction, a blend of operational efficiency and environmental viability, has become the prime focus of civil engineering sector, it is undeniable that geosynthetics industry is yet to unfold a slew of opportunities. Add to it, the stringent environmental norms enforced by international regulatory bodies like EPA and REACH on constructional projects will further play their cards in complementing the overall business growth in the coming years. As per Global Market Insights, Inc., in terms of commercialization, global geosynthetics market size is slated to exceed a valuation of USD 12 billion by 2024.

Author Name : Satarupa De

Polyvinyl Butyral (PVB) Market to perceive hefty remuneration from lamination segment over 2017-2024, product innovations to characterize global industry landscape

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Over the recent years, polyvinyl butyral (PVB) market size has been amplifying at an exceptional pace owing to PVB’s extensive deployment by a host of prominent and high-growth industries including automotive and transportation, building and construction, and defense to name a few. Owing to PVB’s commendable properties, which include high strength, improved impact resistance ability, and toughness, the polymer has been increasingly cementing its reputation as a rather crucial component across a range of business verticals. Apparently, it is quite self-evident from the aforementioned declarations that the global polyvinyl butyral industry, which held a rather striking remuneration portfolio in excess of USD 2.3 billion in 2016, is set to garner impressive popularity over the estimated time frame.

U.S. polyvinyl butyral (PVB) market size, by end-user, 2013 – 2024 (USD Million)
U.S. polyvinyl butyral (PVB) market size, by end-user, 2013 - 2024 (USD Million)

Concurrently, it would be prudent to take note of the fact that the foremost industry participants appear to be optimistic regarding the prospective growth of the global polyvinyl butyral market. Apparently, the rising optimism has resulted in innovative product launches by the leading market players, a trend which has favorably influenced the overall polyvinyl butyral industry share. Citing an instance, the European arm of Japan-based specialty chemicals manufacturer Kuraray Co. Limited, Kuraray Europe GmbH (KEG) has recently released a unique plasticizer-free PVB film based on its trademark brand name Mowital®. Reportedly, the latest PVB film has been named as Trosifol® Thin Film, which can be utilized to laminate different materials and can also be used as a thermoplastic interlayer courtesy – its excellent bonding prowess and outstanding optical transparency. Furthermore, according to the renowned polyvinyl butyral market player, the new PVB film is said to possess a slew of novel characteristics such as being non-toxic, transparent, equipped with almost unlimited shelf-life, and has multi-layer structures made of various substrates. Needless to say, such proactive and dynamic product innovations would compel other leading industry players to follow suit and release enhanced versions of their products, which would consequentially boost the fortunes of the polyvinyl butyral industry share in the forthcoming years.

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While elaborating further upon the current polyvinyl butyral market trends, it is quite imperative to take note of the swift expansion of PVB’s application base, which has, in turn, vigorously embellished the growth potential of this business space. Amongst a range of applications of polyvinyl butyral, which includes binders, coatings, acoustic protection, and architectural glazing, the most lucrative application to have emerged over the past few years has been the lamination segment.

The burgeoning demand for laminated safety glass in automobile sector has augmented the growth potential of polyvinyl butyral market share. In this regard, the prominent polyvinyl butyral market giants have been working relentlessly to enhance their existing product portfolio to offer improved laminated safety glasses. To cite an instance, one of the leading polyvinyl butyral industry behemoth, the Eastman Chemical Company has recently introduced Saflex® VIEW ST, an advanced multi-angle wedge interlayer which assists in correcting the head-up displays (HUD) image distortion in complex windscreens and refines the display capability of automotive glass. With the latest interlayer, the wedge angle could be adjusted to broaden the range of driver height and accommodate tall and short drivers. It goes without saying that such moves highlight the growing significance of PVB lamination in automotive windshields, which would eventually propel the polyvinyl butyral industry space over the next seven years of time span. As per estimates, the lamination segment apportioned a significant share of the overall polyvinyl butyral industry size in the year 2016 and is forecast to register a higher annual growth rate, out of all the applications, over the ensuing years.

Improved adhesiveness, recyclability and eco-friendly properties of PVB are likely to open up new growth avenues for the polyvinyl butyral industry biggies, which would eventually contribute toward the rapid growth of this business space over the years ahead. According to estimates, polyvinyl butyral market size is forecast to surpass a total valuation of USD 3.9 billion by 2024.

Author Name : Saif Ali Bepari