Polymers and Advanced Materials
PP Nonwoven Fabrics Market from furniture applications to witness maximum gains over 2016-2024, Germany to prominently drive the regional landscape
Increasing requirement of superior and hygienic fabric for various medical applications will stimulate PP nonwoven fabrics market over the years ahead. Subject to its superior properties, this product is mainly used to manufacture baby diapers. The product’s strength is a principal factor that leads to its application across the automotive sector, thereby favorably influencing PP nonwoven fabrics industry share. The rising proliferation of technology and the enforcement of regulatory norms across various countries will fuel the product demand. According to Global Market Insights, Inc., “Worldwide PP Nonwoven Fabrics Market having had a revenue of USD 18 billion in 2015, will collect a revenue of USD 40.2 billion by 2024 with an estimated consumption of 13 million tons.”
Europe PP Nonwoven Fabrics Market size, by Product, 2015 & 2024 (USD Million)
Germany PP nonwoven fabrics market size is forecast to exceed a valuation of more than 650 kilo tons by 2024. The growth can be attributed to shifting trends toward the usage of hygienic products. In addition, the industry giants across Europe have been looking out for innovative technological developments and upgradation, owing to the deployment of technology related norms across this region. PP nonwoven fabrics market share from the hygiene sector will collect a revenue of USD 18 billion by 2024, as the product is primarily used to manufacture baby diapers, feminine disposables, incontinence, and wipes. Surging requirement of incontinence products across the U.S. pertaining to the rapidly growing geriatric population will also influence PP nonwoven fabrics industry.
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Speaking along similar lines, U.S. PP nonwoven fabrics industry will surpass a revenue collection of USD 7.5 billion by 2024. Escalating use of the product for various applications such as automotive, construction, and geotextiles will augment the industry growth. In addition to this, consumers across this region are giving preference to hygienic products, which will stimulate product demand notably. The ever-rising elderly population is another prominent factor boosting PP nonwoven fabrics market size. Taking into account the product strength and durability, staples have been gaining popularity across the sectors such as automotive, geotextile, and construction. PP nonwoven fabrics market share from staples will register a CAGR of more than 7% over the period of 2016 to 2024.
Increasing spending capability along with shifting trends toward the adoption of hygienic products such as baby diapers and wipes will propel China PP nonwoven fabrics market, which will surpass a revenue collection of USD 6 billion by 2024. The noteworthy participants in PP nonwoven fabrics market are AVGOL, Kimberly-Clark, Polymer Group, Fibertex Nonwovens, Mitsui & Co., Toray, First Quality, SABIC, and PEGAS.
The industry players across the regions such as Europe, U.S. and China are investing heavily into healthcare sector to manufacture the products such as gowns, drapes, bed linen, masks, surgical caps, under pads, ostomy liners, gloves, incubator mattress, and shrouds. Such a widespread range of product usage will influence the medical application segment, which will generate a volume of more than 2 million tons by 2024.
Spunbonded products dominated the product segment of PP nonwoven fabrics market in 2015 by accounting for 50% of the market share and will collect a revenue of more than USD 19 billion by 2024. Spunbonded based products are cost effective due to the simple and economical manufacturing process as compared to other products. The product finds applications across various sectors such as automotive, furnishing, and medical.
Market players have been focusing on strategic partnerships to improve their product portfolio as well as to expand their global presence. These strategies are likely to bring about a plethora of opportunities for industry giants to sustain their position in global PP nonwoven fabrics market.
Author Name : Sunil Hebbalkar
Europe High Performance Films Market to witness lucrative growth prospects over 2016-2024, surging demand from the packaging and electronics sectors to accelerate the regional revenue
The extensive commercialization of the packaging sector will lead High Performance Films Market to carve a rather profitable roadmap for itself. This can be attributed to the excellent mechanical and aesthetic properties that high performance films possess, owing to which they are used for durable and lightweight packaging applications. Flexible packaging market, slated to grow at a rate of 5% over 2016-2024, will also contribute toward high performance films industry share. These films are endowed with the characteristics of durability, high chemical resistance, high tensile strength, UV ray protection, and temperature and light control, owing to which they find applications in the food & beverage, interior decoration, and construction sectors, thereby propelling the business trends.
U.S. High Performance Films Market size, by application, 2013-2024 (USD Billion)
Surging demand for coating windows and doors for the purposes of safety and security will increase the product demand. In addition, the requirement for easy-to-dispose and lightweight packaging from the F&B sector will propel high performance films market, slated to cross USD 54 billion by 2024, with a CAGR estimation of 6% over 2016-2024. These films find extensive applications across the personal care, packaging, and electronic sectors. As per estimates, high performance films industry share from packaging applications was worth USD 20 billion in 2015 and is slated to register considerable revenue over 2016-2024.
Packaging applications are forecast to be one of the most lucrative end-use segments across North America and the Middle East. North America high performance films market was worth USD 4 billion in 2015 and is anticipated to register a revenue of USD 16 billion in 2024, primarily due to the escalating demand for lightweight and convenient packaging in the food & beverage sector. In addition, the barrier high performance films industry will observe excellent growth across this region, pertaining to the increasing product demand from the solar cell manufacturing and semiconductor companies, due to its excellent feature of moisture resistance. Speaking of which, barrier high performance films market was worth USD 15 billion in 2015 and is anticipated to carve out a lucrative growth path ahead.
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The application spectrum of high performance films industry is indeed appreciable. Subject to the product properties of chemical inertness and low moisture absorption coupled with its dielectric and low friction co-efficient properties, these films find applications across microphone, photovoltaic devices, and cable insulation, thereby propelling high performance films market trends. In addition, these films are utilized for vacuum packaging, low oxygen technologies, and oxygen scavenging in the meat processing companies. The vast application of these films in numerous end-use sectors will help high performance films industry experience excellent growth prospects over the coming years.
Microporous films are defined by the properties of low moisture absorbing, water repellence, and air penetration, pertaining to which they are extensively used for waterproofing application across the constructions sector. On these grounds, microporous high performance films market will grow at a rate of 4% over 2016-2024.
Polycarbonate products, endowed with the properties of high glass transition temperature, excellent impact resistance, and durability, are used in the manufacturing of automotive, & aircraft components, construction material, data storage discs (DVDs, BluRay discs, and CDs), and other electronic components. On these grounds, polycarbonate high performance films industry size will surpass 500 kilo tons by 2024, in terms of volumes. Pertaining to their widespread usage in the electronics sector, this segment will register excellent growth across Europe, subject to the highly developed electronics market in this continent. In addition, owing to the surging demand from the packaging sector, Europe high performance films industry will grow significantly over the next few years, having accounted for 28% of the overall share in 2015.
High performance films find applications in feminine and adult incontinence products and disposable diapers, pertaining to which high performance films share from the personal care sector is anticipated to cross 940 kilo tons by 2024, in terms of volume, with a CAGR estimation of 4% over 2016-2024. Increasing awareness regarding health and hygiene will further augment the product demand.
Polyester is one of the key products of high performance films industry. It is one of the most favorable products suitable for the packaging sector. Escalating urbanization trends couples with huge investments in the residential constructions sector will spur polyester high performance films market, which held a valuation of more than USD 20 billion in 2015. Subject to the surging demand from the construction, automotive, and F&B packaging sectors, nylon high performance films industry is forecast to grow at a rate of 4% over 2016-2024. The aforementioned products find heavy demand across Asia Pacific and LATAM, owing the escalating construction sector and the rapidly growing economy.
High performance films market from the construction sector is anticipated to cross USD 3 billion by 2024, pertaining to the aesthetic and mechanical properties of these films. The surging automotive sector across APAC coupled with reduced manufacturing costs and the huge availability of cheap labor will stimulate Asia Pacific high performance films industry, which was worth more than USD 9 billion in 2015. In addition, APAC high performance films market from automotive sector is expected to cross 230 kilo tons by 2024, in terms of volume, with a CAGR estimation of 5% over 2016-2024. This growth can be attributed to the growing automobile production and availability of labor at low prices.
High performance films industry involves the participation of numerous companies that accumulate a significant share of other industries as well. The reason for this may be credited to the broad end-use spectrum of high performance films market. Renowned biggies such as Bayer Material Science, Dow Chemical Company, 3M, Honeywell, Bernis, DuPont, Evonik, Sealed Air Corp., and Clopay Plastic are key participants of global high performance films market.
Keeping in line with the conventional industry trends, companies often engage in partnerships and strategic collaborations with third party vendors to expand their geographical presence. The 2012 alliance between Solutia and the Eastman Chemical Company is an example of one such collaboration that served to expand the presence of the latter to a considerable extent.
Author Name : Saipriya Iyer
Acrylonitrile Butadiene Styrene (ABS) Market to accrue massive revenue via appliance sector over 2016-2024, APAC to majorly drive the regional share
Key business growth strategies such as mergers & acquisitions, joint ventures, and product innovations are expected to strongly leverage ABS market development. For instance, INEOS Styrolution, a world leader in the styrenics sector, completed the purchase of K-Resin ® SBC business from Daelim and Chevron Phillips Chemical earlier this year after receiving all the necessary approvals from the regulatory authorities. This acquisition deal will help the firm focus on raising the production of specialty styrenics products across the globe as per the consumer requirements and thus enhance its global presence. Business players make strategic collaborations or partnerships for developing high quality products with the help of technical knowhow, positively impacting the market trends. According to Global Market Insights, Inc., “Acrylonitrile Butadiene Styrene (ABS) industry value, which was estimated at USD 22.3 billion in 2015, is forecast to hit USD 38 billion by 2024.”
China Acrylonitrile Butadiene Styrene (ABS) Market Share, By Application, 2015
Favorable product features such as high durability, lightweight, heat resistance, design flexibility, and corrosion & chemical resistance will create a profitable roadmap for Acrylonitrile Butadiene Styrene (ABS) market. High product preference can be attributed to its fabrication ease and cost-effective nature as compared to other products. Low steel utilization across the manufacturing business, subject to the rising need for improving the visual appearance as well as aesthetic value of the manufactured items will benefit Acrylonitrile Butadiene Styrene (ABS) industry.
Considering the topographical trends, U.S. ABS market is anticipated to surpass a targeted revenue margin of USD 3 billion by 2024, owing to escalated product popularity across automotive and consumer goods sectors. Asia Pacific industry, which accounted for more than 68% of the global ABS industry share in 2015, is projected to observe a huge surge over the next few years. High product demand for household appliances and construction sectors will boost the profit. The construction sector in APAC, worth USD 1550 billion in 2015, is slated to grow at a rate of 5% over 2016-2024. India and China are likely to be major regional revenue contributors.
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Europe ABS industry is set to record a CAGR of 6% over the coming seven years, driven by high product usage in air conditioners, car exteriors & interiors, fax machines, vacuum cleaners, kitchen appliances, and refrigerator door liners. Germany is expected to be the key regional growth driver.
Consumer goods, electrical & electronics, construction, automotive, and appliances are the key sectors across which Acrylonitrile Butadiene Styrene is widely used. ABS industry size in electrical & electronics sector is expected to grow at a CAGR of more than 3.5% over 2016-2024, driven by wide product use in televisions, computers, printers, computer accessories, and business machines as a result of its electrical insulating and corrosion & heat resisting properties.
Automotive applications are projected to register notable gains of 4% over the coming seven years. The ability of the product to reduce the vehicle weight and lower fuel emissions is expected to spur its demand. Strict legislations to reduce environmental pollution and enhance fuel efficiency in automobiles will further soar ABS market revenue. For instance, stringent rules in Europe and North America have forced the manufacturers to reduce the vehicle weight up to 440 kg, resulting in lowered carbon emissions along with an increase in fuel efficiency.
Appliances sector, which accounted for 31% of the ABS market revenue in 2015, is expected to grow considerably over the years to come. Rising end-user expenditure on household appliances along with the product’s ability to retain the appliance structure at both high and low temperatures will favorably influence the growth. The household appliances sector is projected to hit USD 11.9 billion by 2020 and will support ABS industry expansion.
ABS market share in the construction sector is projected to experience a lucrative growth over the coming years, driven by high product utilization in fittings, plastic sheets, and pipes. High spending on the construction activities due to rise in the disposable income of the consumers along with government support for improving the infrastructure facility will further steer the income.
Global ABS market share is highly consolidated, with top four participants sharing more than 60% of the overall business space in 2015. Chi Mei Corporation, Formosa Plastic Corporation, INEOS Styrolution, SABIC, LG Chemicals Limited, Kumho Petrochemical Company Limited, Asahi Kasei Corporation, Sinopec Limited, Styron, Elix Polymers, Entec Polymers LLC, Mitsui Chemicals, and Ravago Manufacturing Americas are few of the key players of ABS industry.
Author Name : Dhananjay Punekar
Europe Plano Sunglasses Market to witness substantial growth over 2016-2023, nonpolarized glasses to dominate the product landscape
Europe Plano Sunglasses Market size, by material, 2012-2023 (USD Million)
The fragmented business landscape of plano sunglasses market is quite evident from the changing materials trends that are used in the manufacturing of these glasses. Polycarbonate, polyurethane, and CR -39 are the three materials that will experience a surging demand in the market. CR- 39 is one of the most preferred materials used in lens production. Cost affordability is the prime factor allowing better penetration of CR-39 plano glass market to a major section of the population. Polycarbonate plano sunglasses market will also experience steady growth at an estimated CAGR of 8% over 2016-2023. In comparison to these two, proprietary materials such as polyamide and glass will witness a downturn in the years ahead in terms of growth perspective.
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Polarization technology is gearing up at a fast pace in the aesthetic eyewear market, owing to its benefits such as reduced glare. Although majority of the consumers use polarized sunglasses due to their fashion quotient, yet in some targeted usage such as cycling it is the most relevant choice. Global polarized plano sunglasses market is anticipated to cover 35% of the overall volume by 2023, with a sharp annual growth 8.2% over 2016-2023. However, nonpolarized plano sunglasses share will continue to dominate the overall industry by accounting for almost 60% of the overall market over the forecast span. Comparatively lower cost than their counterparts gives them a competitive edge in the business landscape.
North America and Europe are the two main geographies that cover major portion of the global plano sunglasses industry. With U.S. at the growth front, North America is anticipated to chart a profitable road map in the years ahead. The growth projection of the region can be majorly credited to the increasing accessibility of eyewear in the region and the widespread awareness among the common folks regarding eye protection. Concentration of leading competitors along with high price trends in this region is boosting the regional growth of plano sunglasses market. Europe plano sunglasses market almost accounted for 40% of the overall revenue in 2015, and is anticipated to record USD 10 billion by the end of 2023.
Due to the enormous untapped opportunities in this market, key players are continuously trying to expand their distribution channel on a global scale. Two such big names who accounted for a significant portion of the overall plano sunglasses market share in past years are Safilo and Luxottica. Other prominent industry participants include Marcolin, Marchon Eyewear, and De Rigo.
Author Name :Satarupa De
Unsaturated Polyester Resins (UPR) Market to observe the highest gains from the marine sector, North America to be a major growth avenue over 2015-2022
Extensive product utilization to improve the flexural, mechanical, thermal, and morphological properties of composites will spur UPR industry over the coming timeframe. UPR-based composite products are heavily utilized as metal substitutes in the automotive, construction, and many other end-use sectors. Besides, the composites market was worth more than USD 25 billion in 2014 and will exceed USD 40 billion over the span of the coming years, which will suitably impel unsaturated polyester resins market. Global Market Insights, Inc., reports that Unsaturated Polyester Resins Market, worth USD 7 billion in 2014, will register a revenue of USD 12 billion by 2022, growing at a rate of 7% over 2015-2022.
UPR products are heavily used in the manufacturing of sailboats, canoes, personal watercraft, and kayaks, subject to their properties of excellent strength and water resistance, which prevent deformation. Alongside, this product is also used in the automotive sector to manufacture structural elements and body panels that help reduce the overall weight of vehicles, thereby stimulating unsaturated polyester resins industry trends.DCPD (Dicyclopentadiene) unsaturated polyester resins market is expected to witness the maximum gains of 8% over 2015-2022, owing to the fact that this product is used to manufacture recreational boats and tanks. It is also used in adhesives, inks, and paints subject to its aromatic properties.
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Subject to the rapid industrialization and the significant growth of the transportation sector, the world has witnessed an increase in the international trade via oceanic routes. This has led to a rise in the number of recreational boats and trade boats, which will spur unsaturated polyester resins market from marine applications, slated to grow at a rate of 8% over 2015-2022.
The automotive, electronics, construction, and other end-use sectors have been observing a tremendous surge across the North American belt, which is likely to fuel the regional unsaturated polyester resins industry. In addition, the United States has observed a massive growth in shale gas exploration and oil extraction activities, which has propelled the regional oil & gas sector. On these grounds, North America unsaturated polyester resins market will grow at a massive rate over the coming years, having accumulated a valuation of USD 1.2 billion in 2014.
Unsaturated polyester resins industry from construction applications was worth USD 1.5 billion in 2014 and will grow significantly over 2015-2022, pertaining to the product’s widespread utilization for household structure composites, roofing, and reinforcement. In addition, the governments of various countries, especially across the APAC belt, have been spending excessively on construction and infrastructural development, which will further fuel the market trends.
Speaking along the same lines, Asia Pacific, in 2014, was the region that generated the maximum revenue for unsaturated polyester resins market, led by India and China. The massive growth of the automotive and constructions sectors across the region will spur the market growth. Thailand, India, China, and Indonesia are slated to be the key contributors.
Orthopthalic products dominated the overall UPR industry in 2014, pertaining to the product’s extensive usage across fiber reinforced polymer rebars market subject to their excellent corrosion resistance and chemical endurance properties, owing to which they find massive usage across the marine, automotive, construction, and aerospace sectors.
Major companies operating in UPR market have been concentrating on implementing strategies such as high R&D investments and enhanced production capacities, to sustain the business position and expand their presence across the globe. Many companies have also bent on acquiring smaller firms to improve their productivity, in addition to establishing new manufacturing facilities all together.
Major participants exploiting the numerous opportunities in worldwide unsaturated polyester resins market include Tianhe, Changzhou New Solar Co. Ltd., CCP Composites, Ashland, BASF, AOC Resins, SABIC, and Dow Chemical Company. The top players of this fragmented UPR market accounted for more than 30% of the overall share in 2015, though the business space is now witnessing the entry of a plethora of fresh players.
Author Name :Saipriya iyer
Expanded Perlite Market to cross the billion-dollar benchmark by 2024, APAC to prominently drive the global landscape
Robust growth in the construction industry worldwide has left a palpable impact on expanded perlite market’s growth trajectory. As per estimates, global construction industry in 2015 was around USD 8 trillion and is slated to exceed a revenue of USD 13 trillion by the end of 2024, projecting a proportional influence on expanded perlite market demand as well. It is estimated that the overall market from construction applications will grow substantially at an annual rate of 3% over the coming seven years. Alongside, increasing consumer inclination toward green buildings is enabling further penetration of this industry, providing lucrative opportunities in terms of growth prospects. Key players of the construction sector are readily using expanded perlites in the manufacturing of cinder blocks as an insulating ingredient. A report by Global Market Insights, Inc., claims the Expanded Perlite Industry to exceed a revenue of USD 1 billion by 2024. It is also forecast to grow at a CAGR of 7.3% over the period of 2016-2024.
U.S Expanded Perlite Market size, by application, 2013-2024 (USD million)
Asia Pacific has established strong grounds enhancing the regional expanded perlite market growth. With China as a major revenue pocket, APAC dominated the global landscape in 2015. China alone accounted for almost one-fifth of global infrastructural spending in that particular year. The region’s expansive constructional industry is considered to be the prime factor propelling the market demand. Another factor that will cater the regional market growth in the next seven years is the growing awareness about horticulture products such as vegetables, fruits, decorative plants, and seeds.
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The noticeable expansion of the industry in a comparatively shorter span is quite evident from the product’s wide adoption across diversified sectors. Oil and gas sector being one of the prominent application domains, have significantly augmented expanded perlite market’s growth curve. The product is extensively used in the filtration process during mining, drilling, and water treatment operations. Worldwide, there are 15000 oil rigs which are likely to reach 20000 over the coming few years, which in turn is expected to complement the business growth. Global horticulture produces which accounts for 22% to 26% of the total food and animal product trade, also ensures a sustained growth track for expanded perlite market outlook. North America driven by U.S. expanded perlite market will witness a remarkable growth from oil and gas applications owing to increasing shale gas exploration in the U.S. North America expanded perlite market collected a revenue of USD 160 million in 2015, and is expected to register substantial growth over the coming seven years.
Another strong factor that is highly influencing expanded perlite market trend is the notable growth in the beer industry worldwide. Global beer production which was reported 190 gigalitres in 2015, is anticipated to have a sharp slope reaching almost 210 gigalitres by 2024. This will further favor expanded perlite market dynamics.
Expanded perlite market is highly fragmented with presence of a large number of competitors at a global level. Although product substitute threat leaves a negative impact on the industry expansion, yet increasing constructional spending, especially across Asia Pacific and MEA is expected to thrive the global market demand. Some of the prominent names in expanded perlite industry include Cornerstone Industrial, Perlite-Hellas, Supreme Perlite Company, and Aegean Perlites SA.
Author Name :Satarupa De
Europe linear low density polyethylene (LLDPE) market to collect heavy revenue by 2024, high product demand from rotomolding applications to positively impact the regional growth
Linear Low Density Polyethylene (LLDPE) Market is slated to record a remarkable growth rate over the coming years as the product finds extensive utilization across various end use sectors such as automotive, agriculture, and packaging. Of late, the trend of packaged and ready-to-eat meals has been gaining renewed attention, subject to the increasingly hectic lifestyles. The growing innovations in food packaging techniques thus, will contribute to the growth of LLDPE market. As per a report by Global Market Insights, Inc., “Worldwide linear low density polyethylene (LLDPE) market having had a revenue of USD 37 billion in 2015, will register an annual growth rate of more than 6% over the period of 2016 to 2024.”
Europe Linear Low Density Polyethylene Market Size, By Application, 2013-2024 (USD Million)
Asia Pacific covered about 45% share of linear low density polyethylene market in 2015 and will generate significant revenue over the years ahead. Increased spending on infrastructure development mainly across India and China will contribute to the industry growth. As per reliable estimates, in 2015, the total expenditure on construction activities across China and India was USD 1.75 trillion and USD 420 billion respectively. In addition, changing trends toward the consumption of packaged food across this region will fuel the product demand notably.
LLDPE products are utilized in films that find applications in concrete, subject to the property of moisture resistance, which will impel its usage across the construction sector. Films also help reduce soil erosion and provide protection against UV rays, which in turn will boost the usage of this product for agricultural purposes. Subject to the fact that films are heavily utilized across lucrative end-use sectors, this application segment is expected to cover more than 70% of linear low density polyethylene market by 2024.
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North America linear low density polyethylene industry will record an annual growth rate of 5% over the coming seven years. Emerging pharmaceutical and food & beverage sectors across this region will contribute to the growth of this market. Moreover, the rising living standards and a well-established automotive base in the region will favor the food & beverage sector and automotive sectors, which will impel LLDPE market trends.
Europe LLDPE market will exhibit a CAGR of more than 5% over the period of 2016 to 2024. The growth can be attributed to growing technological advancements across the various sectors such as automobiles, electronics, and telecommunication along with growing industrialization across this region. Germany, Italy, and Spain will be the prominent revenue contributors. Germany is the hub of automakers across the world, with most of the automotive biggies having established their business base in the region. Injection molded LLDPE products offer benefits such as better finishing capability, low labor cost, high productive efficiency, and less scrap losses, owing to which they are used to manufacture wire spools and automotive dashboards for the automotive sector. This will expedite linear low density polyethylene market from injection molding applications, which in turn will augment Germany market share subject to the presence of a large number of automakers in the nation.
Rotomolding is another lucrative application segment of linear low density polyethylene industry that collected a revenue of USD 4.4 billion in 2015, and will surpass a revenue generation of USD 6.9 billion by 2024. Owing to the economic benefits, this technique is extensively used across various sectors such as automotive, packaging, agriculture, furniture, and construction, which in turn, will augment the linear low density polyethylene industry growth.
The noteworthy players in Linear low density polyethylene market are Reliance Industries, Nova Chemicals Corporation, SABIC, Exxon Mobil Corporation, LyondellBasell Industries N.V., Sasol Limited, Borealis AG, Braskem S.A., INEOS Group AG, and The Dow Chemical Company.
Author Name :Sunil Hebbalkar