Polymers and Advanced Materials

Aerospace Plastics Market Outlook: Commercial & freighter aircrafts to exhibit maximum deployment over 2015-2022

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Aerospace plastics market will grow lucratively over the coming five years, owing to the shifting preference towards the low weight aircrafts to enhance the performance and fuel efficiency of the jet. According to Global Market Insights, Inc., “Worldwide Aerospace Plastics Market is projected to collect a revenue of more than USD 15.50 billion by 2022.” Surging development across the aviation industry along with high investment in the defense activities across the globe will also stimulate the aerospace plastics industry value.

Asia Pacific aerospace plastics market share, by application, 2014

Asia Pacific aerospace plastics market share, by application, 2014

The primary application areas of the aerospace plastics industry are flight deck & cockpit, cabin areas, airframe & fuselage, and wings & rotor blades. Flight deck & cockpit application covered 15% of the global demand in 2014 and will exhibit noticeable growth rate over the coming years. All the products are manufactured with the FST regulation, which will influence the aerospace plastics market share considerably. The cabin application across Europe is expected to exceed a revenue of USD 1.5 billion by 2022, due to its escalating need to manufacture the products such as armrests, decorative closeouts, food trays, and trim strips.

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Airframe & fuselage application surpassed a revenue of USD 2.2 billion in 2014 and is predicted to generate significant revenue over the period of 2015 to 2022, owing to its low weight in response to CFRPs and composites used as key material. In addition, composites are used instead of aluminum to reduce the usage of fasteners & nuts, thereby reducing the total operational cost.

Rotary aircraft, military aircraft, general aviation, and commercial & freighter aircraft are the few of the prominent end-users of the aerospace plastics market size. The general aviation accounted for more than 10% of the global industry share in 2014 (in terms of volume) and will register a substantial growth rate over the coming years. Commercial & freighter aircraft was the dominant end-use segments in the aerospace plastics market in 2014 and will collect a revenue of over USD 10 billion by 2022. The growth can be attributed to the increasing demand for aerospace plastics, owing to the growing preference for low weight aircraft to reduce overall operational and maintenance cost.

Geographically, Asia Pacific aerospace plastics market accounted for more than 13% of the regional demand in 2014 and will exhibit a high growth rate over the coming years. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth.

Europe aerospace plastics industry dominated the regional landscape in 2014 and is predicted to record a considerable growth rate over the coming timeframe. France, Germany, and UK are likely to lead the regional demand.

North America aerospace plastics market share is expected to exceed a revenue of USD 5 billion by 2022, owing to the huge investment in the military R&D activities. Additionally, growing preferences to replace old aircraft, considering the fuel efficiency will further stimulate the industry growth. U.S. will be the major regional revenue pocket.

Top four industry giants accounted for over 67% of the global market share in 2014.  The key players in the aerospace plastics market are Mitsubishi Heavy Industries, Ltd., Ensinger GmbH, Hexcel, Cytec Industries, Hyosung Corp, HITCO Carbon Composites Inc., Holding Company Composite, and Kaman Corp, Toho Tenax, Tech-Tool Plastics Corporation, Zoltek, and Premium AEROTEC.

Author NameSunil Hebbalkar

Antibacterial Glass Market Outlook: Healthcare applications to stimulate the industry growth over 2016-2023

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High occurrence of nosocomial infections leading to escalating demand for antibacterial coatings will drive global antibacterial glass market expansion. Ability to inhibit the spreading of microbes and kill surface bacteria makes the product more desirable over other alternatives. According to the Global Market Insights, Inc., “Antibacterial glass market revenue is projected to hit USD 270 million by 2023.” Popular use of antimicrobial items in consumer electronics will positively impact global antibacterial glass industry trends. Furthermore, antibacterial glass finds its application across healthcare and medical sectors, owing to its ability to prevent the spread of infections. As per WHO estimates, more than 10% of patients in emerging economies and nearly 7% in developed countries acquire infections during their hospital stays.

North America Antibacterial Glass Market size, by application, 2012-2023 (USD Million)
North America Antibacterial Glass Market size, by application, 2012-2023 (USD Million)

Antibacterial glass finds extensive application across hospitals, household, food & beverages, and defense sectors. Antibacterial glass market value in hospitals sector was estimated at over USD 60 million in 2015, and is anticipated to grow noticeably over the coming timeframe. Increased acceptance of the products across isolation rooms, oncology & hematology units, and burn units will fuel the revenue.

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Household applications will witness a prominent growth over the coming years, driven by high product demand for mirrors, wall coverings, and vision glazing. Food & Beverages applications sector, worth USD 20 million in 2015, is expected to grow at a rate of 7% over the period of 2016-2023. High demand for enhancing the shelf life of food along with the intense requirement for retaining food quality in the restaurants, hotels, and canteens will favorably influence the antibacterial glass industry growth.

Below are the regional highlights positively affecting antibacterial glass market from 2016-2023

  • Heavy healthcare spending along with rising elderly population more prone to hospital acquired infections is expected to boost LATAM antibacterial glass industry size over the next few years.
  • Europe antibacterial glass market revenue, which was USD 95 million in 2015, is forecast to witness a substantial surge over the coming timeframe. Stringent legislations to annihilate microbial infection in food & beverages sector is predicted to influence the regional growth. In addition to this, the presence of major firms in this region will further drive the demand.
  • Elevated demand for antimicrobial coatings in the healthcare sector along with beneficial government policies encouraging best food practices is forecast to augment Asia Pacific antibacterial glass industry development over the coming six years.
  • North America antibacterial glass industry will witness a considerable growth over the coming six years. Growing inclination for reducing hospital acquired infections along with high focus on improving healthcare infrastructure will propel the regional revenue. In addition to this,
    technological innovations along with beneficial regulations will favorably impact the business in the region. U.S. is forecast to contribute significantly towards the regional share.

Market participants will try to increase their revenue as well as geographical presence by enforcing business strategies such as product innovation, strategic collaborations, and joint ventures. Key industry players include Saint-Gobain S.A., JiYan-Tech Co. Ltd, Corning Inc., Nippon Sheet Glass Co. Ltd, Glas Trösch Holding AG, AGC Glass Europe, Archello, Vetraria Bergamasca Tecnovetroamong, Ishizuka Glass Co. Ltd, BÜFA Glas, and Sprinz.

Author NameDhananjay Punekar

Increasing renewable energy demands to drive permanent magnet market over 2016-2024

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Shifting consumer focus towards the renewable energy sources, mainly wind energy will stimulate permanent magnet market share over the coming seven years. According to Global Market Insights, Inc., “Worldwide permanent magnet market is estimated to surpass a revenue of USD 50 billion by 2024, registering an annual growth rate of more than 10% over the period of 2016 to 2024.” AS per the study by Global Wind Energy Council (GWEC), annual installation of the windmill will increase over 75GW capacity by 2019, which will boost the demand for global permanent magnet industry significantly.Moreover, climatic discussion at UNFCCC’s Cop 21 announced that, by 2050 all power generation should be emission free, which will fuel the requirement of wind energy projects thereby, the surging need of the magnet will drive the permanent magnet market trends notably. Furthermore, rising R&D investment to develop new and superior quality magnetic material is expected to boost the industry demand.

U.S. Permanent Magnet Market size, by application, 2013 – 2024 (USD Billion)

U.S. Permanent Magnet Market size, by application, 2013 - 2024 (USD Billion)

Energy generation, electronics, automotive are some of the prominent application areas of the permanent magnet market. Energy generation will be the major application segment and will record a CAGR of 10% over the coming seven years. The growth can be attributed to its escalating demand for wind energy projects. The automotive application will become a lucrative segment over the coming years, owing to the extensive usage of magnet for various motor accessories such as alternators, actuators, speakers, sensors, and meters. In addition, increasing demand for commercial vehicles and cars will fuel the global permanent magnet industry share considerably.

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Based on the product, permanent magnet market is mainly segmented into Aluminum–Nickel–Cobalt (AlNiCo), Ferrite, Samarium–Cobalt (SmCo), and Neodymium (NdFeB). Neodymium (NdFeB) based permanent magnet industry surpassed a revenue of USD 14 billion in 2015 and will exhibit a lucrative growth rate of over 10% over the coming seven years, owing to the capability of the NdFeB based magnet to generate products with good aesthetic features and light weight.

Considering the regional landscape, North America permanent magnet market collected a revenue about USD 4 billion in 2015 and is anticipated grow at a rate of 9% over the coming years of 2016 to 2024. U.S. automotive sector and wind energy projects will augment the regional industry growth significantly.

Asia Pacific permanent magnet industry size worth over USD 10 billion in 2015, is projected to grow noticeably over the coming timeframe, owing to its surging demand from electronic, wind energy and automobile sectors pertaining to the high growing production capability. India and China will be the major revenue pockets of the regional permanent magnet market.

The market players will invest heavily in R&D programs to gain more revenue over the coming years. Mergers & acquisitions will be the major business strategy adopted by the industry participants. Adams Magnetic Products Co., Inc., Hitachi Metals, Ltd., Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corporation, Electron Energy Corporation, TDK Corporation, Molycorp Magnequench, and Anhui Earth-Panda Advance Magnetic Material Co. Ltd. are some of the notable industry players in the permanent magnet market.

Author NameSunil Hebbalkar

Plating on Plastics (POP) market outlook: Automotive sector to take the major share credit

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Plating on Plastics (POP) industry has generated a decent momentum over the past few years with automotive industry taking a major share credit. Plastics play an important role in vehicle design, topping the vehicle differentiation criteria, an obvious reason for OEMs to contribute heavily towards the POP market share. Moreover, the aesthetic appeal of the vehicles in notably influencing the buying probability of the automobiles, which has further led to enhance the POP industry trends. According to Global Market Insights, Inc. “Plating on plastics (POP) market is projected to surpass a revenue of USD 649 million by 2023.” Plating on plastics further imparts the vehicles with corrosion and wear resistant properties, which will expand its application area in the automotive sector.

The expanding polymer industry and its growing use in automobile sector will also generate heavy growth opportunities for the POP market players. Polymers which account for almost 15-20% of the overall car weight, play a vital role in determining the vehicle efficiency, making the manufacturers to deploy high-performance and lightweight polymers in the vehicles. ABS, which is the predominant polymer used in plastic plating, attained a revenue of USD 265 million in 2015. Also, ABS/PC, another prominent polymer in the POP market is estimated to register the highest annual growth rate of 6.8% over the period of 2016-2023.

U.S. Plating on plastics (POP) market share, by application, 2015 

U.S. Plating on plastics (POP) market share, by application, 2015

In addition to this, the growing emphasis on curtailing the carbon emissions via automobiles will also expand the POP industry outlook over the coming years. Light-weight vehicles are appraised to perform better in terms of efficiency and lesser carbon emissions, which will increase the adoption of POP by the manufacturers. As per the study, in 2015, automotive applications accounted for approximately 80% of the POP industry share, leading the application landscape. The trend is likely to continue with the increasing use of plastic plating not only by the OEMs, but also to a decent extent by the aftermarket.

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Asia Pacific is slated to emerge as a prominent region participating in the plating on plastics market growth. Expanding automotive industry in APAC and favorable regional regulations will draw the attention of the manufacturers to extend their regional base in APAC countries. China, Thailand, Malaysia, and Indonesia are likely to lead the regional POP industry share. Asia Pacific plating on plastics market size is estimated to exhibit a CAGR of 7% over the period of 2016-2023.

Europe POP industry, on account of the presence of giant OEMs such as BMW, Volkswagen, Mercedes, Renault, etc., is poised to witness a substantial growth over the coming six years. UK and Germany are projected to be the major revenue pockets for Europe.

Plating on plastics (POP) industry is on the verge of a major drift, based on the regulations imposed regarding the use of chrome based plating. September 21, 2017 has been set as the sunset date by REACH to eliminate the use of chromium trioxide. The major industry players such as Dow Electronic Materials, Enthone, etc. are taking measures towards developing alternatives to offer plating solutions optimizing the aesthetic appeal and corrosion resistance of the vehicles. For instance, Dow Electronic Materials has developed ECOPOSIT™ CF-800 chromium-free etch, abiding by the regulatory norms set by REACH.

POP industry is poised to see interesting developments over the coming years, with its likely stepping in the specialty chemicals market. The market players are likely to enter into strategic collaborations with the specialty chemicals manufacturers to reduce the raw material cost and enable backward integration process. The market is highly fragmented with Bolta Werke, SRG Global, Sarrel Group, and Xinpoint accounting for the top players. An intense competition is on the cards over the coming years, with chemical and process providers sharing the POP business space.

Author NameShikha Sinha

Waterproof breathable textiles (WBT) market revenue to hit USD 2.18 billion by 2022

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Waterproof breathable textiles (WBT) market size is anticipated to grow at a rate of 5.4% over 2015-2022, owing to its rising applications in sportswear coupled with growing consumer awareness about environment-friendly products. Rising demand for recycled polyethylene terephthalate (PET) bottles in fabric production is anticipated to propel global WBT industry trends over the coming years. Growing popularity of waterproof breathable textiles across defense and medical sectors is projected to create lucrative avenues for the industry growth in the near future. Advancement in fiber technologies, which help in production of stain-resistant, antimicrobial, water-resistant, and moisture-resistant textiles is expected to boost waterproof breathable textiles industry size over the next few years.Europe waterproof breathable textiles market price worth USD 450 million in 2014, is projected to grow at a CAGR of 4.7% over the timeframe. The growth can be credited to rising awareness about health & fitness among the population. In addition to this, increase in number of sports activities such as hiking, is expected to contribute noticeably towards the regional growth.

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

North America WBT industry size is anticipated to reach USD 600 million by 2022, owing to high demand for waterproof and breathable apparels. Furthermore, changing consumer lifestyles accompanied by growing fashion trends is further predicted to boost the growth. Asia Pacific waterproof breathable textiles industry revenue is projected to grow at a CAGR of 6.5% over the coming six years.

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Active sportswear segment is expected to contribute substantially towards global waterproof breathable textiles market share over the next few years. WBT industry size in the active sportswear segment worth USD 1200 million in 2014, is expected to register a CAGR of 5.3% over the timeframe. The high growth can be attributed to its breathable property, ensuring ventilation to skin during perspiration. It also finds applications in other sectors such as water sports, mountaineering, rock climbing, snow sports, and outdoor lifestyles. WBT market revenue in other sectors is expected to reach USD 300 million by 2022.

Major waterproof breathable textile products include garments, footwear, and gloves products. Garments market worth USD 875 million in 2014, is forecast to record a CAGR of 5.1% over 2015-2022. The growth can be attributed to its increasing application in mountain sports and trekking activities. Footwear market size is expected to grow at a rate of 6% over the coming six years. The growth can be attributed to its lightweight, insulating, and high-strength properties.

Based on the types, waterproof breathable textiles (WBT) market is segmented into membrane, coated, and densely woven waterproof breathable textiles. Membrane waterproof breathable textiles (WBT) industry, which contributed nearly 71% of the overall demand, is expected to record highest gains of 5.5% over 2015-2022. The growth can be attributed to its high water resisting property along with its ability to help in water evaporation. Densely woven waterproof breathable textiles (WBT) market is expected to record a CAGR of 5% over the coming six years, driven by its rampant use in medical, defense, and work wear sectors.

Market players will try to increase their product portfolio by adopting key business strategies such as mergers & acquisitions and product differentiation. Key industry players include W L Gore & Associates, SympaTex, and Polartec.

Author NameDhananjay Punekar

Rapidly expanding automotive industry to drive the thermoplastic polyolefins market growth: Global revenue to hit USD 4 billion by 2023

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Rise in vehicle sales and construction activities across the globe is predicted to drive thermoplastic polyolefins market size over the coming years. According to Global Market Insights, Inc., “Thermoplastic Polyolefins Industry size is anticipated to reach USD 4 billion by 2023.” Moreover, it finds wide applications in medical industry owing to favorable features such as excellent thermal stability, design versatility, crystal clarity, mutagenic potential, and high resistance. Strict government norms for reducing greenhouse emissions to minimize environmental pollution is predicted to boost the demand for thermoplastic polyolefins over the next few years.Growing preference for thermoplastic polyolefins over polyvinyl chloride owing to environmental risks caused by PVC usage, will further boost the industry growth over the coming years. Strict CAFÉ (Corporate Average Fuel Economy) regulations have emphasized vehicle manufacturers to innovate ways for reducing vehicle weight to ensure minimal pollutant emissions in the atmosphere. This is expected to stimulate TPO demand in automobile applications over the next few years.

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)

TPO market share in automotive industry accounted for over USD 1.6 billion in 2015, and is estimated to witness a significant growth over the coming years. The growth can be attributed to processing ease, design flexibility, ability to be recycled, and lightweight properties, which in turn helps in reducing fuel emissions from vehicles.

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Construction sector is another lucrative industry favoring TPO demand significantly. TPO market size in construction industry is predicted to grow at a rate of 6.8% over the period of 2016-2023. The growth can be credited to its extensive application in manufacturing roof tops for both commercial and residential infrastructure owing to its solar radiation inhibiting characteristic.

North America market price worth USD 860 million in 2015, is anticipated to witness substantial gains over the coming years. Its growing applications in construction, automotive, medical, and packaging sectors is projected to drive the regional demand over the coming years. Moreover, strict automotive fuel efficiency norms are predicted to boost the product popularity in the region. U.S. is expected to make significant contribution towards the overall regional revenue.

Europe market share is anticipated to exceed USD 1 billion by 2023, owing to the increased application of these products in medical and packaging sectors as compared to other traditional polymers and elastomers. UK, Germany, France, and Italy are expected to be the major revenue pockets for the region over the next few years.

Asia Pacific TPO market is expected to exceed USD 1.3 billion by 2023, owing to heavy construction spending along with booming automotive sector. Japan, India, and China are expected to contribute significantly towards the regional share in the near future.

Market players will try to enhance their product portfolio as well as revenue through mergers & acquisitions, joint ventures, and strategic alliances. Key industry participants include DuPont, INOES, A. Schulman, Mitsui, Arkema S.A, Noble polymers, The DOW Chemical Company, ExxonMobil, Polisystem UK Limited, SABIC, Sumitomo Chemical, S&E Specialty polymers, GAF, LyondellBasell Industries, and Spartech.

Author NameDhananjay Punekar

Expanding transport industry to offer high growth prospects for coated fabrics market

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Extensive use of coated fabrics in manufacturing air bags as well as seat covers in automotive sector along with strict government norms addressing the safety concerns of factory workers is expected to drive global coated fabrics market growth. According to Global Market Insights, Inc., “Coated fabrics market share worth USD 18 billion in 2015, is predicted to reach USD 27.4 billion by 2024, registering a CAGR of 4% over 2016-2024.” Growing demand for coated fabrics from OEMs to manufacture motor vehicle upholstery, convertible tops, spare tire covers, headliners, and heavy-truck covers is predicted to boost the industry growth over the next few years.

U.S. Coated Fabrics Market size, by application, 2013-2024 (USD Million)

U.S. Coated Fabrics Market size, by application, 2013-2024 (USD Million)

Growing vehicle sales in Thailand, Indonesia, China, and India are expected to enhance the popularity of coated fabrics in automotive sector. Consistent efforts to improve the aesthetic appearance of seat cover designs are expected to boost the product demand over coming years. Global industrial protective clothing expenditure worth USD 5 billion in 2015, is anticipated to grow at a rate of 14% over the period of 2016-2024, owing to favorable government policies ensuring employee safety in industries. Food processing, medical, agriculture, defense, law enforcement, and chemical processing industries provide protective clothing to their workers to protect them from heat, biological pollutants, chemicals, and ecological hazards.

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Coated fabrics find myriad applications in protective clothing, furniture, and transport sectors. Coated fabrics market size in transport industry worth USD 6 billion in 2015, is expected to witness a high growth over the period of 2016-2024 owing to its increasing use in marines, automobiles, and aviation sectors. Its application in protective clothing sector is expected to grow at a rate of 4% over 2016-2024. The growth can be attributed to standardized factory regulations ensuring worker safety by mandating the use of protective clothing for workers to protect them from accidents occurring during the working hours. Coated fabrics application in furniture industry worth USD 1.9 billion in 2015, is projected to witness a high surge over the period of 2016-2024.

Major coated fabric products comprise fabric backed wall coverings, polymer coated fabrics, and rubber coated fabrics. Polymer coated fabrics market price worth USD 17 billion in 2015, is expected to witness significant growth over the coming eight years owing to high demand for air bags and protective clothing in manufacturing industries. Rubber coated fabrics industry size is forecast to exceed USD 2 billion by 2024, driven by its favorable properties such as elasticity, durability, and resistance to degradation. High product demand can also be attributed to its growing application in food conveyor belts, gymnasium mats, storage bags, aprons, lifeboats, truck covers, and protective garments. Fabric wall backed covering market is projected to witness a noticeable growth over the coming years due to heavy spending on public infrastructure and growing consumer inclination towards home interiors.

Europe coated fabrics industry size worth USD 3 billion in 2015, is expected to witness a considerable growth over the period of 2016-2024. Strict government compliances related to worker safety coupled with standardized norms associated with passenger safety are expected to drive the regional growth. Germany, UK, and France are the major regional revenue contributors.

Asia Pacific market is predicted to record a CAGR of 4% over 2016-2024, owing to its growing demand in transport industry and protective clothing applications. Furthermore, the growth can also be credited to the presence of many manufacturing firms in the region. Malaysia, China, India, and South Korea are predicted to contribute substantially towards the regional growth over the coming years.

North America market is forecast to witness a noticeable growth over the coming eight years, due to growing product demand in the automotive industry along with large-scale use of protective clothing in oil & chemical industries. U.S. is expected to be a major contributor towards the regional share.

Latin America coated fabrics industry is projected to witness highest gains over 2016-2024 owing to high growth of motor vehicle industry. Brazil and Argentina are predicted to make substantial revenue contributions in the near future.

Middle East & Africa (MEA) market is expected to grow considerably over the period of 2016-2024 due to the presence of large construction projects along with strict rules regarding worker   safety in factories. UAE, Saudi Arabia, and Kuwait are expected to drive the regional growth.

Market players will try to increase their revenue through product & technology innovation and mergers & acquisitions. Key industry participants include Takata Corporation, Omnova Solutions Incorporation, Trelleborg AB, Saint-Gobain, and Canadian General Tower Limited.

Author NameDhananjay Punekar