Bulk & Specialty Chemicals
Shape memory alloys market to amass substantial proceeds from the automotive segment over 2019-2025, rising product demand for aerospace applications to fuel the industry growth
Owing to continuous expansion of the automotive industry coupled with the increasing frequency of air-travel, shape memory alloys (SMAs) market has emerged as a lucrative investment avenue worldwide. The properties that have allowed SMAs to foray deep into the aforementioned industries include their ability to remember initial shape, switching from one form to other and back to the original through heating.
U.S. Shape Memory Alloys Market Size, By End-user, 2014 – 2025 (USD Billion)
According to the Eureka Network, initially, the biggest hurdle faced by market players when manufacturing SMAs in bulk was their high price, especially in case of Nitinol, an alloy that is a 50-50 mix of nickel and titanium. However, extensive research & development efforts paved the way towards alloys made out of more financially viable raw materials like copper, to make their commercial production significantly more feasible.
Today, as reported by the Copper Development Association, Inc., products made using SMAs have been around for many years, though consumers are often unaware of their presence as they are buried under the product mechanisms. One of the few visible applications of SMAs are indestructible spectacle frames, which could be bent or twisted significantly but still revert to their original form.
Impact of the automotive industry expansion on the SMAs market
Fueled by improving economic conditions, the global automotive industry has been witnessing a surge in terms of sales and volume, specifically from emerging economies such as China and India. With the expansion of the automobile segment, the demand graph of automakers has also surged by several notches. Not to mention, these needs vary significantly from region to region.
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The Requirements: A particular demand that is quite common in the automotive industry pertains to the vehicle crash safety and the subsequent repair costs. According to the Population Reference Bureau, road traffic accidents have witnessed a dramatic rise across the world in recent years and the financial impacts of such crashes cannot be disregarded.
The Opportunity: A National Highway Traffic Safety Administration study discovered that U.S. road accidents alone cost over $871 billion on an annual basis. While, passenger safety regulations have been highly successful in reducing the chances of death or injuries, this often comes at the cost of irreparable damage.
The Projection: This shortcoming could be mitigated through the use of SMAs as they could potentially reduce repair costs by a significant margin following a crash, where a vehicle’s body work could spring back to the original design, thus lowering the instances where accidents leave an automobile destroyed. This would thus make the automotive sector a crucial end-user segment for the SMAs market, expected to account for 15% of the overall industry share over 2019-2025.
Impact of the aerospace industry growth on the SMAs market
The Drivers: Given how aircrafts are subjected to a significant amount of stress on a day-to-day basis, it only makes sense that an airplane’s body panels and components be made out of highly durable yet lightweight materials. This provides considerable prospects for the SMAs market to make significant inroads in the global aerospace industry.
The Opportunities: According to Boeing, due to their large strain capabilities and high-energy density, SMAs are becoming particularly more prominent across the aerospace industry. They can be used in aerodynamic surfaces such as positioning flaps, morphing structural shapes, electric motor actuators, replacing conventional hydraulics and Smart Vortex Generator that retract to reduce drag during the flight. These applications are expected to not only benefit the aerospace industry, but also make aircrafts more efficient.
The Priority Application: One of the biggest factors anticipated to drive the growth of the SMAs market in the aviation sector is the ability of these metals to lessen the financial losses airlines face through wildlife collisions on an annual basis. According to the Federal Aviation Administration, airplanes collided with birds over 40 times a day in 2018. Apparently, some collisions cause severe deformity and can essentially ground the aircraft, causing losses of more than $500 million on an annual basis. The benefits of SMAs in overcoming these situations would make the aviation industry an ideal customer base for products.
In a nutshell, the SMAs market’s ability to bridge significant gaps in the aerospace and automotive industries would enable it to draw in substantial revenue in the forthcoming years. As per reliable estimates, SMAs market size would be surpassing annual revenues of over $20 billion by 2025.
Author Name : Akshay Kedari
Global benzalkonium chloride market to witness augmented demand from food & beverages sector over 2019-2025, pharmaceutical applications to fuel the industry growth
Increasing consumption of various consumer and industrial products has led to a steady expansion of the global benzalkonium chloride market, in conjunction with the surge in disposable incomes of the working class population. The compound is effective as a disinfectant and preservative across food & beverage, pharmaceutical and chemical applications, being extensively found in nasal and ophthalmic medicines. Benzalkonium chloride is usually deployed as an antibacterial agent and surfactant in several household products like hand wash and hand wipes, along with personal care products and ointments. An augmented demand for such everyday products worldwide owing to rising population and higher consumer spending will reinforce the position of the benzalkonium chloride industry over the next few years.
U.S. Benzalkonium Chloride Market Size, By Application, 2018 & 2025, (Kilo Tons)
Essentially, the pharmaceutical and cosmetic segments represent two key business verticals where the compound has made a significant impact. It helps preserve the efficacy of medicines while the antimicrobial activities help protect make-up products from disintegrating and increase their quality. Subsequently, consistent consumption of cosmetics and pharmaceuticals will offer considerable momentum to the benzalkonium chloride market throughout various regions. The size of the global pharmaceutical sector is projected to reach US$1.43 trillion by 2020 itself, suggesting vast opportunities for the industry. Narrowing the market potential in terms of using benzalkonium chloride as preservative in eye drops, Bayer and Regeneron’s ophthalmic drug Eylea alone had recorded sales of around US$6 billion in 2017.
Expounding the scope of the benzalkonium chloride industry in the food and beverage sector
In essence, the food and beverages industry require suitable disinfecting and sanitizing chemicals for food contact surfaces, to ensure bacteria and other microorganisms are eliminated and the product is not spoilt while in transit or before consumption. Quaternary ammonium compounds such as benzalkonium chloride can counter a wide range of microbes and are applied in appropriate quantities by food producers. The constantly growing demand for packaged food and bottled drinks has made it necessary to tackle all possible threats to health safety and food shelf life, bringing in substantial proceeds for the benzalkonium chloride market. Several reported cases of food-related diseases has notably spurred businesses, government agencies and research organizations to address likely health risks posed by various food-grade chemicals.
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Referring to a study undertaken by the University of Veterinary Medicine, Vienna, certain strains of gram-positive Listeria seem to be resistant to quaternary ammonium compounds, including benzalkonium chloride disinfectants, and display quite low sensitivity to them. An estimated 47.8 million cases of foodborne illnesses care recorded in the U.S. every year, indicating the enormous need for enhancing food safety. Europe also witnesses nearly 23 million people suffering due to the intake of unsafe food annually, according to WHO. The benzalkonium chloride market is slated to accrue remarkable gains over the forecast timespan from accelerated efforts by food manufacturers to adopt effective sanitizing and disinfecting practices.
Within the beverage industry, compounds can be used for cleaning milking equipment, bulk tanks and other surfaces that come in contact with organic milk or similar products. Milk and other dairy offerings are witnessing consistent rise in demand and producers are required to clean and sanitize any equipment, storage tanks and packaging before utilization. Benzalkonium chloride products are also available as sanitizers for PET as well as glass bottles in which numerous beverages are sold. As evident, the beverages segment is bound to provide significant revenue prospects to the benzalkonium chloride industry.
In a nutshell, a number of critical applications in the food and beverages segment will fuel the development of the global benzalkonium chloride market, which is anticipated to surpass billion dollar valuation by 2025. Prominent companies outlining the competitive dynamics of the industry include Dishman group, Jinshan Jingwei Chemical, Manav Aktteva Biopharma LLP, Merck Millipore and Novo Nordisk.
Author Name : Pankaj Singh
PTFE-based fluoropolymer additives market to witness substantial growth prospects over 2019-2025, consistent launch of innovative coatings to act as a major driving force for the industry
The global fluoropolymer additives market is expected to amass considerable revenue over 2019-2025 due to the wide-ranging application scope for fluoropolymers in different types of coatings, printing inks, lubricants etc. The importance of fluoropolymer additives in the chemical industry is clearly vivid from the fact that the Trump administration, due to the ongoing tariff war between U.S. and China, wanted to impose 25% tariff on the import of fluoropolymer from China.
U.S. Fluoropolymer Additives Market Size, By Product, 2018 & 2025, (Kilo Tons)
Consequently, there was an immense pushback from the U.S. fluoropolymers industry due to fears of disproportionately adverse impact of the move. Industry experts argued that the raising of tariff could force companies to move their business to other countries like Canada or Mexico to escape such tariff and therefore may have a broader impact on the American economy as workers will lose jobs and risk the trade surplus that the fluoropolymer industry has with China.
Such pressure from the industry experts and participants clearly underlines the prospects for the growth of fluoropolymer additives market, mainly due to the extensive application of the product and the far-reaching implications the shortage of supply of such a product can cause. Fluoropolymers have been used in various forms in numerous industrial and commercial applications ranging from consumer electronics to cookware and from industrial coatings to pharmaceutical processing equipment.
Usage of different forms of fluoropolymers such as Polytetrafluoroethylene or PTFE has been extended beyond industrial application and are being applied to the designing of innovative products. For instance, ePTFE, a strong, porous, adjustable membrane that is obtained by expanding PTFE can be used in the manufacturing of fabrics that can be used in clothes and athletics shoes. The material contains pores that are big enough to let water vapor molecules escape but not big enough to permit water molecules to pass through. Thus the material, trademarked as Gore-Tex, is used as an intermediate layer in athletic shoes and even to design fashionable raincoats that are breathable, lightweight and almost indestructible.
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PTFE is possibly one of the most widely used fluoropolymers and is expected to act as one of the major driving forces in the growth of the fluoropolymer additives market due to its application in automotive, construction, semiconductor and consumer electronics. It is a potent coating material that is being increasingly deployed in architectural coatings. For instance, fluoropolymer coatings have recently come to be used for cool roofing. The very low surface energy of fluoropolymer coatings has proved to be excellent for dirt pickup resistance, a crucial factor for solar reflectance. Fluoropolymer coatings also withstand prolonged exposure to water, temperature extremes, humidity, oxygen, ultraviolet rays and atmospheric pollutants. Consequently, fluorinated cool-roof coatings are a weather-resistant choice when it comes to extended lifetime performance.
Fluoropolymer additives industry participants have also expressed increasing interest in the use of energy-efficient coatings on walls. It should be mentioned that fluoropolymer coating has been accredited by the American Architectural Manufacturers Association to have the highest standard for metal substrate architectural coatings. Due to this, R&D efforts by fluoropolymer coating manufacturers have become evident as they race to develop new fluoropolymer coating application scopes for fluoropolymer additives industry.
Fluoropolymer resins have low surface energy which makes them ideal for the formulation of anti-graffiti coatings. For instance, PPG Industries formulated an anti-graffiti coating that is specially designed to work with the chemistry of the company’s graffiti remover. The anti-graffiti coating is applied to walls, window panels or roofing of high-end buildings and marks made with water-based house paints, aerosol paints, permanent marker or scuff marks can be easily removed from surfaces where the coating is used.
Fluoropolymer coatings like Teflon® or Xylan® are almost household names and due to their corrosion resistance, dry lubrication and non-stick properties have become the coatings of choice in various industries. With pervasive application of fluoropolymer, the fluoropolymer additives market is expected to amass a revenue of 1.9 billion by 2025.
Author Name : Paroma Bhattacharya
Industrial protective fabrics market to witness remarkable proceeds from the notable demand for arc flash suits
The industrial protective fabrics market is slated to witness a prolific demand over the next few years owing to continuous rise in manufacturing, construction and oil and gas exploration activities worldwide. Numerous cases of chemical and industrial accidents occurring annually have prompted businesses and governments to enforce stringent safety regulations and process norms to protect employees in hazardous working environments. Subsequently, effective personal protective equipment (PPE) made using various materials are being deployed that meet the critical requirements of workplace safety, providing substantial growth opportunity to the industrial protective fabrics market. Frequent human errors during operations which lead to unpredictable mishaps make it necessary to adopt decisive protection strategies.
Germany Industrial Protective Fabrics Market Size, By application, 2018 & 2025, (Million Square Meter)
Innovative industrial fabrics such as polyester, polyolefins, polyamide, aramid and even cotton fibers help protect workers against fire, chemical hazard, electric sparks or biohazards they might encounter while performing everyday tasks. The oil and gas sector alone represents a crucial application area for the industrial protective fabrics market, since oil drilling and refinery operations entail considerable fire and injury risk. A small mistake could lead to fire in one part of an oil rig, which can quickly spread to other sections and cause fatalities, along with millions in damages. Flame resistant suits would be indispensable during these situations to help implement fire safety measures and avert major industrial disasters.
Apparently, electrocution is one of the leading causes of industrial accidents and results in several fatalities every year all over the world. It is believed that most of the electrical accidents which could take place in oil and gas facilities can be attributed to an arc flash, an extremely hazardous type of electrical shorting fault. The event occurs when a large electric current passes through ionized air or gases due to different reasons, including manual errors, equipment failure, gaps in insulation or surface impurities on the conductor. Today, the vast scale at which oil companies undertake exploration activities will generate extensive demand for arc flash suits and immensely propagate the industrial protective fabrics market.
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In essence, arc flash suits are designed to safeguard a technician from arc flash heat exposures and minimize any burn injuries sustained, in addition to providing valuable time to escape a possible secondary explosion in the area. Considering the amount of flammable liquids and gases accompanying an oil and gas facility, occurrence of an arc flash can be catastrophic. Undoubtedly, arc flash clothing will be a vital component in a company’s inventory for effectively protecting its employees and minimizing the extent of any burns or other injury. According to a long-term study conducted by Electricite de France, an estimated 77% of all electrical injuries taking place on the job are a result of arc flash incidents, demonstrating the broad scope of the industrial protective fabrics market.
A key driver for the consumption for arc flash suits is the growing awareness among enterprises about the prevention of industrial accidents and support from regulatory agencies who impose strict industrial standards. For instance, the U.S. Occupational Safety and Health Administration has directed businesses to provide necessary PPE to workers at no extra cost, including all types of protective clothing. The National Fire Protection Association’s NFPA 70E article specifies the need for electrical hazard analysis for areas where high voltage systems are being operated, further helping to determine the use of industrial protective fabrics against arc flash.
Electrical installations play a prominent role in the operations of oil refineries and drilling rigs and warrant significant concentration of funds towards safety analysis and PPE allocation. With tremendous investments made for exploring new oil and gas fields as well as the growth of various other business verticals, the industrial protective fabrics market will exceed annual valuation of more than US$9 billion by 2025. Leading players outlining the industry’s competitive hierarchy include Huntsman Corporation, DuPont, W. Barnet, Honeywell, Loyal Textiles Mills and Teijin, among others.
Author Name : Pankaj Singh
How has ballistic protection materials & equipment market outlook changed with the influx of advanced defensive technologies for the military?
The global ballistic protection materials & equipment market is slated to amass hefty returns in the ensuing years, on account of increasing terrorism, rising security concerns, and product design enhancements. The modern battlefield has become a complex theatre of threats, forcing nations to equip their armed forces with latest and finest instruments, thus enlarging the defense budget. For instance, South Korea recently made significant increment in its defense spending and unveiled plans to construct three additional 7,600-ton destroyers fortified with American-made Aegis combat systems & latest ballistic missile interceptors, in a bid to handle maritime disputes more efficiently.
U.S. Ballistic Protection Market by Materials & Equipment, 2014 – 2025 (USD Million)
In line with changing battlefield dynamics, the military forces across the world have been supplying defense professionals with robust safety gadgets to safeguard them against treacherous environments. One among the greatest ballistic materials & equipment innovations of the modern age belongs to the Warsaw University of Technology which has designed smart passive body amour made from rheological fluids with nano structures, under its SmartArmour project. This innovative bulletproof vest uses the shear thickening fluid, which changes its viscosity abruptly and reversibly when exposed to an external force, by thickening and getting hard. These fluid based bulletproof vests also offer high comfort and easy wearability compared to traditional solid material based vests which are very stiff and uncomfortable to wear.
Militaries around the world are rethinking the requirements to meet the needs of future forces. Ballistic protection materials & equipment are extremely pivotal for protection against a diverse range of ammunitions such as high velocity bullet, rifle bullet, knife, explosive fragments, etc. The raw materials used in their production mainly include carbon fibers, glass fibers, aramid fibers, etc. Lately, Pro-gard has launched ballistic door panels which provide armed personnel added protection from open fire while inside their vehicles.
Moreover, these weatherproof panels can be deployed on both driver and passenger side doors and are extremely easy to install without any vehicle modification. As potential enemies expand their combat inventories in the coming years, the emergence of ground-breaking defensive technology is likely to be witnessed, capable of automatically detecting and neutralizing incoming threats before they attack the designated target.
Speaking of the current trend in the ballistic protection material & equipment business sphere, the market behemoths are launching products with high strength & light weight characteristics which augment wearing comfort and offer easy usability in miscellaneous conditions. The LJD Aire ballistic helmet by ArmorSource is a classic example of user-centric ballistic protection material & equipment solutions. It is reportedly one among the lightest ballistic helmets available in the defense & law enforcement sector.
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The revolutionary design of LJD Aire lessens the weight of conventional helmets by over 40 percent while exceeding the ballistic protection properties of other similar helmets. It offers extremely superior protection against a plethora of small fragments in addition to handgun bullets. Besides, it is very comfortable to wear due to its flexible and light weight pad system design.
The competitive landscape of the global ballistic protection materials & equipment market space is characterized by the presence of distinguished contenders such as Waco Composites, Toyobo, Protech Solutions, Inc., Evolution Armor, Armor Holdings, Protective Enterprises LLC, Homeland Security Group Intl, Texas Armoring Corp, DSM, Honeywell International Inc, DuPont, and Teijin Limited. These market majors primarily count on growth strategies such as geographical expansion, capacity enhancement, collaboration, portfolio augmentation, innovation, and mergers & acquisitions to expand their global reach and customer base.
Citing an instance for the same, last year, Texas Armoring Corp. made an announcement that it is setting up a new 40,000-square-foot facility in Honduras, which will allow the organization to more than double its production and allow it to better serve corporate, government, and non-government clients.
Powered by the need to bolster the war capabilities of defense forces, the products available in the ballistic protection materials and equipment market have instituted major changes in terms of weight, design, utility, and comfort. Lately, manufacturers in this business space are capitalizing on their R&D finesse to develop innovative and pioneering products, which can offer them an edge over the competition as well as fetch more revenues.
Author Name : Nikita Chaurasia