Polymers and Advanced Materials

3D Printing Materials Market & 3D Printing Equipment Market: High product demand in consumer electronics sector to spur industry growth

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The fledging 3D printing technology is set to tread a positive path over the coming years. While 3D printing materials market is already witnessing a major upswing, 3D printing equipment market has also observed a colossal surge. The 3D printing technology is finding massive potential in various industries, including defense, automotive, architecture, medical, and aerospace. The shifting interests of the consumers toward products aesthetics and finish will trigger the manufacturers to adopt this technology, thereby, positively influencing the industry dynamics.

U.S. 3D Printing Materials Market Size, By End-User, 2013 – 2024 (USD Million)
U.S. 3D Printing Materials Market Size, By End-User, 2013 - 2024 (USD Million)

 

One of the most differentiating characters of 3D printing is its ability to tailor the objects as per a specific need.  This factor has made 3D printing technology quite popular across sectors such as electronics, automotive, education, aerospace, etc. Increase in desktop and professional 3D printer sales and its use in higher secondary education will be prominent growth indicators for 3D printing equipment market in educational applications. According to Global Market Insights, Inc., “3D printing materials industry will expand at a whopping CAGR of 20% over 2016-2024 and 3D printing equipment market is predicted to record an annual growth rate of 14% over the period of 2016-2024.

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What are the growth prospects of 3D printing materials industry based on products and applications?

Plastics, ceramics, and metals are the three-major product types gaining momentum. In 2015, ceramic 3D printing materials market accounted for over 20% and was worth more than USD 100 million in 2015. End-use applications such as cups, saucers, plates and statues will favor the segment growth. Metal 3D printing materials industry is experiencing greater demand from automotive, defense, aerospace industries due to considerable metal usage in these sectors. This market is anticipated to record a CAGR of 17% over the period of 2016-2024.

Considering the end-use trends of 3D printing materials industry, some key findings are mentioned below:

  • Electronics & consumers led the global 3D printing materials market in 2015. Surge in electronics gadgets, demand for supreme value product feature, and aesthetics will drive this industry in the years to come.
  • Automotive manufacturing application is expected to record a Y-O-Y growth of 4% over 2016-2024. The robust growth is subject to the changing lifestyle, rising disposable income, and growing demand for vehicles with an enhanced aesthetic appearance.

How is 3D printing equipment market emerging, considering product and application segment?

Polyjet, colorjet, selective laser sintering (SLS), stereolithography (SLA), and fuse deposition modeling (FDM) are the product segmentations of the 3D printing equipment industry. Polyjet accounted for a massive 35% of the global market share in 2015. SLS product use in automotive and aerospace industries will also upswing the SLS industry to grow at a rate of 15% over the period of 2016-2024.

3D printing equipment market is on a constant rise, owing to its vital application scope in pharmaceutical and medical industries. These printers are used in fabrication of human tissues and also in the manufacturing of living organs such as liver and heart.

Below mentioned are the regional trends influencing both 3D printing materials and equipment industry:

Asia Pacific 3D printing material & equipment market is predicted to witness heavy gains over the coming years, owing to robust growth of automobile manufacturing in China, Indonesia, India, and Japan. Moreover, rapid technological advancements will also benefit the regional growth.

North America emerged as a leading region for the overall 3D printing materials industry, having had more that 35% global share in 2015. Growth of aerospace industry and increase in sale of automobiles and electronic gadgets will stimulate the regional development. The growth is also favored by increased government funding.

3D printing materials & equipment market players are focused on developing high quality products at low costs. The key participants accumulating significant industry share include Arkema, Optomec Inc, , Solidscape, Stratasys, 3D Systems, EOS GmbH (Electro Optical Systems), Concept Laser, Voxeljet, SLM Solutions, Hoganas and LPW Technology.

Author Name : Ojaswita Kutepatil

Zeolite molecular sieve market to witness heavy growth prospects in emerging economies

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Zeolite Molecular Sieve Market is gaining popularity owing to strict government norms towards curbing the use of phosphates. Zeolite being an eco-friendly alternative to sodium tripolyphosphates is widely used as an ion exchange builder in detergents. Its usage as a substitute for harmful chemicals in various mechanical applications will further influence zeolite molecular sieve industry growth. As per Global Market Insights, Inc., “Zeolite Molecular Sieve Market is estimated to witness a CAGR of 4% over the period of 2016-2023.”  Moreover, the extensive use of the product in waste water treatment, petrochemicals, oil & gas, construction, paints & coating, automotive, and packaging industries will further enhance the industry outlook

Europe Zeolite Molecular Sieve Market size, by application, 2013-2023 (USD Million)
Europe Zeolite Molecular Sieve Market size, by application, 2013-2023 (USD Million)

Zeolite molecule sieve is widely used in two major application segments, namely catalyst and detergent. Growing demand for high-performance catalyst with higher output will boost the industry growth. Catalyst application is projected to grow at an annual rate of 4.5% over the period of 2016-2023. Increasing use of zeolite in chemical manufacturing and petroleum & refinery outputs will propel the industry outlook.

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Detergent application is further segmented into liquid and powdered detergents. Zeolite molecule sieve market size in detergent application is increasing rapidly due to ban on phosphate-based formulations. It is one of the best alternatives, owing to its high chemical stability and liquid absorption capacity during the manufacturing process. Liquid and powdered detergent applications are estimated to register a CAGR of 3% and 2.4% respectively over 2016-2023. Changing consumer preferences and increase in disposable income will be the major factors driving the growth of zeolite molecular sieve industry in the detergent formulations.

Below are the regional trends influencing the global zeolite molecule sieve industry over 2016-2023

  • Brazil zeolite molecular sieve industry will observe a significant growth, owing to rise in wastewater treatment activities in the region.
  • Turkey zeolite molecular sieve market worth over USD 90 million in 2015, will be booming over the coming years because of the compulsion of sewerage & treatment plants in the region by the regulatory bodies.
  • India zeolite molecular sieve industry is expected to register a CAGR of 7% over the period of 2016-2023. Growing surfactants business in India will favor the regional demand over the coming years.
  • China market share is anticipated to witness an average growth rate of 2.5% from 2016-2023. Rising concerns over environmental issues will lead to increasing adoption of the product. China molecular sieves industry from catalyst application is estimated to grow at an annual rate of 6% due to growing detergent and chemical manufacturing facilities in the country.
  • Expansion of LNG in Qatar and increase in export of crude oil, LPG, and petroleum products will set a lucrative business roadmap for zeolite molecular sieve industry. MEA region will be particularly driven by Qatar zeolite molecular sieve market and is projected to register a CAGR over 2% over 2016-2023.
  • S. molecular sieve industry is expected to generate a demand of approximately 260 kilo tons by 2023, owing to increasing detergent and catalyst application.

This industry is spreading roots with the growing presence of local and international participants. Major players in the market include UOP LLC, BASF, Interra global Arkema, Union Showa, Dalian Haixin, Yingkou Zhongbao, Grace Catalysts, and Anhui Mingmei MinChem.

Author Name : Ojaswita Kutepatil 

Expanding automotive sector to augment EPDM market growth over 2016-2024

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Rising investment in the automotive sector along with a surge in demand for luxury cars will stimulate Ethylene Propylene Diene Monomer (EPDM) Market over the coming seven years. According to Global Market Insights, Inc., “Global ethylene propylene diene monomer (EPDM) market value worth USD 2.68 billion in 2015, will register an annual growth rate of more than 5% over the period of 2016-2024.”

The rise in the number of the construction and renovation activities across the globe will drive the industry size. Furthermore, rapidly expanding TPO sector  is projected to favorably impact EPDM market trends over the years to come.Automotive, construction, plastics, lubricant additives, and electrical & electronics are the primary application areas of EPDM industry. Electrical & electronics application worth USD 140 million in 2015, is anticipated to record a significant growth over the coming seven years, owing to the desirable mechanical and thermal properties of EPDM. Construction application will exhibit an annual growth rate of more than 5%, mainly driven by surging product demand across civil structures along with its ability to resist cold, air pollution, heat, and sunlight. In addition, the prominent use of EPDM for roofing will also influence the ethylene propylene diene monomer industry size noticeably.

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

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

Automotive sector accounted for more than 40% of worldwide EPDM market share in 2015 and is projected to register a notable growth rate over the coming timeframe. The growth can be attributed to the increasing manufacturing of automotive parts such as door seals, rear lamp gaskets, tire sidewalls, belt drives, braking systems, inner tire tubes, tire sidewalls, hoses, interior panels of the car and front & rear bumpers.

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Considering the regional landscape, Asia Pacific ethylene propylene diene monomer market will exhibit an annual growth rate of more than 6% over the period of 2016 to 2024. The escalating expenditure on infrastructure development to fulfill the mounting need of the exponentially growing population will augment the industry growth. India and China will be the major revenue contributors of the region. Additionally, rapidly expanding automotive sector across Indonesia will also positively influence APAC EPDM market size.

North America EPDM industry worth USD 600 million in 2015, will register a considerable growth over the coming years. Surging renovation activities in the commercial and residential infrastructure will also fuel the demand for EPDM.  U.S. EPDM industry is projected to surpass a revenue of USD 940 million by 2024.

Europe ethylene propylene diene monomer (EPDM) market is predicted to record significant gains over the coming timeframe. The increasing demand for EPDM across the construction sector will stimulate the UK EPDM industry trends, which is predicted to exhibit a CAGR of more than 4% over the coming years of 2016 to 2024.

Key industry players include ExxonMobil Chemical, PetroChina Company Limited, Mitsui Chemicals Inc., VERSALIS SPA, and SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Carlisle Companies Inc., John Manville Inc., OAO Nizhnekamskneftekhim, DOW Elastomers, Lion Copolymer, LLC, Kumho Polychem Co. Ltd., JSR Corporation, and Lanxess AG.

Author NameSunil Hebbalkar

F&B applications to drive flexible packaging market growth over 2016-2024

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Flexible Packaging Market will grow lucratively over the coming seven years owing to the surging demand from various end-use sectors such as food and beverage, healthcare, personal care, and industrial. Shifting trends toward convenient packing are influencing the manufacturers to adopt the flexible packaging techniques, driven by its lightweight characteristic. As per a report by Global Market Insights, Inc., “Flexible Packaging Market worth over USD 150 billion in 2015, is anticipated to grow at a CAGR of more than 5% over the period 2016–2024.” Favorable characteristics like user-friendliness, easy storage, lesser consumption of raw materials, and excellent moisture resistance properties will further trigger the industry demand.

U.S. Flexible Packaging Market size, by application, 2013-2024 (USD Billion)
U.S. Flexible Packaging Market size, by application, 2013-2024 (USD Billion)

In terms of products, flexible packaging industry is segmented into standup pouches, pillow pouches, and four side seal pouches. Stand-up pouch is the most preferred product, owing to its versatility in various end-use applications. Stand-up pouches market size is estimated to account for a revenue share of USD 75 billion by 2024 owing to its attributing features such as high barrier properties against oxygen and moisture, low material consumption, and reasonable costs.

Pillow pouch packaging market is also linearly growing with the rising consumption of the product from diary and processed food &beverage industry. It is projected to register an annual growth rate of more than 4% over 2016-2024.

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Food and beverage is one of the most prominent sector partaking in the flexible packaging market. It accounted for more than 50% of the total volume in 2015 and is projected to exhibit a substantial growth in the years to come. Upgraded living standards along with shifting consumer preference toward hygiene and food safety are positively influencing the flexible packaging industry share in this sector.

Driven by the increase in disposable incomes fueled by various supporting government regulations, health care application is poised to witness the highest growth over the coming seven years.

Below are the regional highlights positively influencing the global flexible packaging market

  • Asia Pacific flexible packaging industry dominated by China and India, contributed noticeably toward the overall share with USD 35 billion in 2015, and is projected to grow at a CAGR of 6% over 2016-2024. Emerging economics along with expanding processed food and pharmaceutical industry are the major factors driving the regional demand.
  • Owing to the growing consumer demand for cosmetics and functional food, Europe flexible packaging industry led by Germany and Russia is also forecast to attain heavy gains at a CAGR of 3.5% over the period 2016-2024.
  • U.S. flexible packaging market worth over USD 30 billion in 2015, will observe a significant growth driven by the dairy product portfolio expansion, rise in disposable income, and technological innovations in the retail industry.
  • Latin America dominated by Argentina and Brazil accounted for a revenue of USD 5 billion in 2015 and is slated to grow at an annual rate of 4% over 2016-2024. E-commerce market expansion triggered by consumer affordability will further propel the regional industry growth.

Key industry players will expand their product portfolio and regional presence through strategic collaborations and joint ventures. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Sonoco Products Company, Bemis Company, and Huhtamaki Group are some of the major giants in flexible packaging market.

Author NameSatarupa De

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