APAC Photoresist and Photoresist Ancillaries Market to collect substantial revenue over 2017-2024, high demand from electronics sector to spur the regional growth

Posted on Updated on

Rising trend of microfabrication in semiconductors industry is providing a significant impetus to Photoresist and Photoresist Ancillaries Market. Photoresist ancillaries emerged as a core material used in various processes like photo graving. The escalating market demand for semiconductors from electronics and telecommunication industry is likely to leave a subsequent influence on the product demand. With the globe treading on the path of advanced display, photoresist and photoresist ancillaries market is witnessing a renewed commercialization. From CRT to light emitting diode, photoresist ancillaries are in high demand as they enhance the efficiency of Photolithography, which is a crucial process in the electronics sector. Holding a market valuation of USD 3.5 billion in 2016, photoresist and photoresist ancillaries market is slated to carve a profitable road map in the years ahead with 6.5% CAGR over 2017-2024.

Europe photoresist and photoresist ancillaries market size, by application, 2013 – 2024 (USD Million)
Europe photoresist and photoresist ancillaries market size, by application, 2013 – 2024 (USD Million)

Worldwide, photoresist and photoresist ancillaries industry is somewhat consolidated with top four firms covering 75% of the overall volume. Key market players are striving to expand their business by adopting various strategies such as alliances, increased production capacity, and huge research investments. For instance, JSP Corp. and PERI Corporation have entered into a strategic partnership in order to widen their business territory in South Korea. Tokyo Ohka Kogyo Company has also expanded its production in Japan. The advent of digitization and IoT is expected to further propel the photoresist and photoresist ancillaries industry trends as companies would leverage the power of IT to upgrade their product portfolio and optimize reliability.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/1581

Global semiconductor industry collected a phenomenal revenue of USD 300 billion in 2016. The remarkable growth of the industry is leaving a parallel impact on photoresist and photoresist ancillaries market size. The overall industry share from integrated and semiconductors application is likely to scale high in the years ahead, subject to the growing demand for semiconductors. Other than semiconductors and integrated circuits, photoresist and photoresist ancillaries market also finds application in sensors, nanoelectromechanical systems, microelectromechanical systems, and printed circuit boards.

Considering the product trends, photoresist market is fragmented into ArF dry, ArF immersion, G-line and I-line, and KrF grades. Increasing proliferation of microelectronics is likely to drive KrF grade market demand. ArF immersion will also contribute significantly toward the overall photoresist and photoresist ancillaries industry share, with a target revenue to exceed USD 1 billion by the end of 2024.

Regionally, photoresist and photoresist ancillaries market demand is quite heavy across APAC belt. Expanding electronics and communication industry is the prime factor that can be credited for the regional growth. With China and South Korea at the growth front, Asia Pacific photoresist and photoresist ancillaries market is projected to record USD 4 billion by the end of 2024. Along the same lines, North America is also likely to experience a strong command over the global industry. With a valuation of USD 350 million in 2016, the regional market is anticipated to witness substantial growth over 2017-2024.

The products of the industry are solvent based. Stringent regulatory norms enforced by some of the renowned organizations like REACH and EPA, subject to its environmental unfeasibility is creating a threat for the industry participants. In order to overcome the challenges, companies are looking forward to various bio based alternatives to sustain in the competitive landscape. Some of the prominent photoresist and photoresist ancillaries industry participants include AZ Electronic Materials, JSR Corporation, The Dow Chemical Company, Tokyo Ohka Kogyo, and Hitachi Chemical.

Author Name : Satarupa De


Cargo aircraft ground handling system market to witness a massive growth over 2017-2024, North America to dominate the regional landscape

Posted on Updated on

Aircraft Ground Handling System Market is expected to witness a notable surge over the years to come, driven by the launch of new technologies to reduce operational delays at airports along with improved infrastructural facilities. Intensified requirement for handling cargos, aircraft, and passengers as a result of a massive rise in the number of passengers travelling via aircraft are predicted to further boost the business landscape. As per IATA (International Air Transport Association), nearly 3.7 billion passengers had travelled via aircraft in 2016, recording an increase of 6.7% in the number of air travelers as compared to the estimates of 2015. Efficient handling methods coined by airlines and service providers to provide low-cost & safe packaging for consumable goods of the passenger, will further boost aircraft ground handling system market trends. According to Global Market Insights, Inc., “Aircraft ground handling system industry size, worth USD 110 billion in 2016, is set to hit a targeted revenue of USD 185 billion by 2024.

U.S. Aircraft Ground Handling System Market, By Product, 2016

The incorporation of IoT in aircraft ground handling systems for supporting the ground functions along with the ability of new software programs to fulfill the specific requirements of the ground handling systems are expected to enlarge the business scope. Optimum use of green energy technology to power ground handling devices is also expected to contribute significantly toward aircraft ground handling system industry development.

Taking into consideration the geographical trends, Latin America aircraft ground handling system market share is expected to witness a lucrative surge over the years to come, subject to the fact that LATAM air traffic increased by 7.4% in 2016. Brazil aircraft ground handling system market is likely to boost the regional revenue.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/106

Asia Pacific aircraft ground handling system industry, which contributed more than 25% of the overall industry share in 2016, is projected to experience a significant growth over the coming timeline. Escalating population, an increase in the air travel frequency, and growing urbanization are some of the factors forecast to favorably influence the development trends.

MEA aircraft ground handling system market is anticipated to experience a striking expansion over the years ahead, driven by globalization resulting in the large-scale development of airline business along with strict legislations supporting the use of safe & effective ground handling devices.

Europe aircraft ground handling system industry is projected to experience an accelerating growth over the coming seven years, subject to an increase in the number of new aircrafts resulting in the allocation of more budgets for constructing high-grade airports & runways. France and Germany, which jointly accounted for nearly 40% of Europe aircraft ground handling system industry share in 2016, are expected to significantly influence the business space.

North America aircraft ground handling system market is forecast to retain its leading position over the next few years, owing to the increasing efforts made by the airport authorities to increase the operational efficiency and thus ensure passenger satisfaction.

Aircraft handling, passenger handling, and cargo handling are the major products of aircraft ground handling systems. Cargo handling systems, which dominated the product landscape in 2016, are expected to contribute a major chunk toward aircraft ground handling system industry share over the coming timeframe. Mounting need for swift transportation of materials is expected to elevate the product demand.

Market players are trying to gain a competitive advantage through strategic alliances, high R&D investments, and product portfolio expansion. For instance, in the first quarter of 2017, SATS Limited, a ground handling & in-flight catering service provider based in Singapore, formed a strategic alliance with Hong Kong Airlines for helping them effectively manage cargo and ramp services.  To cite another such example, in May 2017, Swissport International Limited, a Switzerland based aviation services firm, collaborated with TCS, an Indian multinational corporation providing IT services, to improve its airport IT infrastructure facility.

Dnata, Cargotec Oyj, RampSnake, Cavotec SA, JBT AeroTech, SATS Limited, PrimeFlight Aviation services, John Menzies plc, and Swissport International Limited are the key participants of aircraft ground handling system industry.

Author Name : Dhananjay Punekar

APAC to stimulate Linear Alkylbenzene Sulfonate (LAS) Market, surging demand from the household detergents & cleaners sector to enhance industry growth over 2016-2024

Posted on

Linear Alkylbenzene Sulfonate (LAS) Market will grow exponentially over the forthcoming years, owing to the rapidly changing consumer lifestyles. Conforming to hygienic standards, people have been increasingly using detergents and cleaners to maintain cleanliness and health. LAS being one of the prominent constituents in most detergents, will help to stimulate linear alkylbenzene sulfonate industry size notably. Enhanced consumer spending capability is also slated to surge the product demand noticeably. According to Global Market Insights, Inc., “Worldwide linear alkylbenzene sulfonate market having had a revenue of USD 5 billion in 2015, will record an annual growth rate of above 5% over the years ahead.”

China Linear Alkylbenzene Sulfonate (LAS) Market Size, By Application, 2013 – 2024 (USD Million)
China Linear Alkylbenzene Sulfonate (LAS) Market Size, By Application, 2013 - 2024 (USD Million)

Awareness regarding personal health and hygiene has been increasing of late. In addition, improving customer lifestyles has led to a rise in the requirement of personal care products. On these grounds, linear alkylbenzene sulfonate market from personal care applications generated a revenue of USD 450 million in 2015 and will collect considerable revenue by the end of 2024. The product is prominently used in the personal care goods, owing to its feasible characteristics such as excellent foam generation, cleansing, and emulsifying capabilities.

North America linear alkylbenzene sulfonate market was valued USD 850 million in 2015 and will register significant annual growth rate over the coming timeframe. Escalating requirement of personal care products, cleaners, and dish washing liquids, owing to the presence of a huge customer base will influence the regional industry growth. U.S. will contribute substantially toward North America industry share.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/1500

Asia Pacific linear alkylbenzene sulfonate industry covered more than 40% of the global revenue contribution in 2015 and will generate considerable revenue with a significant CAGR over the coming seven years. Rapidly increasing population and enhanced livelihood will stimulate the regional growth. The rising per capita income will also fuel the demand for products such as household detergents and personal care goods. In addition to this, deployment of strict regulations regarding health and hygiene along with rapid industrialization will propel the regional linear alkylbenzene sulfonate industry growth.

Household detergents and cleaners led the application segment of LAS (linear alkylbenzene sulfonate) industry by accounting over 40% of the business share in 2015 and will exhibit considerable CAGR over the years ahead. Consumers across the globe have been treading toward cleanliness and hygiene standards to maintain good health. Besides, changing preferences of customers along with rising awareness among the people will propel the product demand significantly.

Europe linear alkylbenzene sulfonate industry is slated to generate considerable revenue with an annual growth rate of 5% over the coming seven years. This product is extensively used in household detergents and cleaners. Europe has been fueling the demand for household detergents and cleaners as well as dish washing cleaners over the last few years and will continue to be one of most lucrative regional grounds in the future. Moreover, major personal care manufacturers have established their plants in Germany, UK, and France, thereby impelling the regional demand for LAS industry.

The key participants in LAS (linear alkylbenzene sulfonate) market are Rhodia SA, Evonik Industries AG, Clariant Corporation, Huntsman Corporation, Stepan Company, BASF SE, The Dow Chemical Company, Croda International, Galaxy Surfactants Ltd., Hansa Group AG, Henkel AG & Co. KGaA, and DuPont.

Author Name : Sunil Hebbalkar

Polycarbonate sector to boost Dimethyl Carbonate Market size over 2016-2024, APAC to majorly drive the regional revenue

Posted on Updated on

Dimethyl Carbonate Market is projected to sketch a profitable roadmap over the years ahead, subject to the extensive product usage in pesticides, polycarbonates, pharmaceuticals, and solvents. Thriving paints & coatings sector, which is expected to accrue USD 165 billion by 2024, is likely to push the product revenue curve in the upward direction. Rapidly expanding electronics & automotive sectors across APAC along with rise in the number of construction activities in BRIC countries are expected to contribute considerably toward the business expansion. According to Global Market Insights, Inc., “Dimethyl carbonate industry, which generated a revenue of more than USD 410 million in 2015, is anticipated to hit USD 738.2 million by 2024.

Taking into consideration the geographical trends, Asia Pacific dimethyl carbonate industry, which dominated the regional landscape in 2015, is forecast to experience a considerable expansion over the years to come. Rising consumer preference for high quality paints with the increase in per capita income will drive the regional development. Indonesia, China, and India are expected to be the key regional revenue pockets.

U.S Dimethyl Carbonate Market size, by application, 2013-2024 (USD million)
U.S Dimethyl Carbonate Market size, by application, 2013-2024 (USD million)


North America dimethyl carbonate market size, which was estimated at more than USD 90 million in 2015, is projected to expand remarkably over the coming seven years. Favorable government policies to improve the public infrastructure along with scaling up of the construction activities is anticipated to support the business expansion. U.S. dimethyl carbonate industry is likely to be a major revenue driver.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/823

Dimethyl carbonate industry size in polycarbonate sector, which was evaluated at more than USD 200 million in 2015, is expected to experience a striking growth over the next few years. Escalating applications of polycarbonates across the medical, automotive, lightning & appliances, glazing, and electronics sectors are expected to boost dimethyl carbonate industry growth. Polycarbonate sector, which produced a revenue of more than USD 14 billion in 2015, is slated to hit USD 22 billion by 2024, which in turn, will help the market players to expand their profits through heavy business investments.

Dimethyl carbonate market share in the solvent sector is anticipated to grow at a CAGR of more than 6% over the coming seven years. The ability to provide exceptional solubility, odor, and low rate of evaporation is expected to make the product more useful in coating resins, concrete coatings, auto refinish, steel drum linings, architectural coatings, floor coatings, and traffic paints. Eco-friendly nature of the product along with its low costs are projected to enhance its demand in the production of solvents and automotive fuels, thereby catalyzing the growth of dimethyl carbonate industry.

Potential application of dimethyl carbonate as a gasoline additive across the energy sector will further enlarge the scope of the business.

Market players are adopting key business growth strategies such as new product development and high R&D funding to increase their ROI. AkzoNobel N.V., HaiKe Chemical Group Limited, EMD Millipore Corporation, Sigma-Aldrich Corporation, All-Chemie Limited, Alfa Aesar, Shandong Shida Shenghua Chemical Group Company Limited, UBE Industries Limited, Dongying City Longxing Chemical Company Limited, and Tangshan Chaoyang Chemical Company Limited are the key participants of dimethyl carbonate industry.

Author Name : Dhananjay Punekar

APAC frozen bakery market to witness substantial growth over 2017-2024, catering sector to observe maximum gains

Posted on

Frozen foods have been gaining renewed popularity since the last two decades, subject to high demand for rising food durability. Frozen bakery market, one of the most renowned sectors of the global food & beverages business space, has been gaining traction of late owing to the popular consumer demand for frozen baked goods pertaining to their longer lifespan as compared to traditional baked items. In addition, a hectic lifestyle, shifting consumer preferences toward processed food, and increasing disposable incomes will further stimulate frozen bakery industry share. According to Global Market Insights, Inc., “Worldwide frozen bakery market was valued USD 14 billion in 2016 and will exceed a revenue collection of USD 25 billion by 2024 with an annual growth rate of 8.8% over 2017-2024.”

Most of the western countries such as Germany, France, Spain, and Mexico include pizza as a part of their staple diet. With changing globalization trends, pizza and related baked products have penetrated the APAC region as well. On these grounds, pizza crust covered more than 30% of the overall revenue in frozen bakery market and will collect considerable revenue by the end of 2024. The development and emergence of new pizza crust recipes incorporated with healthy ingredients will fuel the product demand mainly across U.S. Italy, and Russia.

Europe frozen bakery market size, by distribution channel, 2013 – 2024 (USD Billion)
Europe frozen bakery market size, by distribution channel, 2013 - 2024 (USD Billion)

Europe frozen food bakery is slated to witness substantial growth rate over the coming seven years.  Exponentially growing tourism and catering sectors across this region will impel the regional growth. UK, Germany, and France will be the significant revenue contributors.

Asia Pacific frozen food market will cover over 20% of the global landscape. Shifting consumer trends toward the consumption of frozen products will fuel the industry growth. Frozen food products offer vital benefits over regular foods, owing to which consumers have been giving preference to the same. Eco-friendly manufacturing process, easy availability, affordable prices, and better quality are few of the notable benefits of the frozen products.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/1669

Frozen bakery industry from breads will generate a significant revenue with an annual growth rate of more than 8% over the years ahead. Bread is standardized as the main diet of Americans. Increasing consumption of frozen food products across America will stimulate the regional growth.

Latin America frozen bakery industry collected a revenue of USD 1.4 billion in 2016 and will record considerable annual growth rate over 2017-2024. This region is likely to boost the product demand notably over the years ahead pertaining to the rising requirement of frozen food along with changing consumer lifestyles. In addition, surge in per capita income has led to a rise in the economic growth of the region, thereby influencing LATAM frozen bakery industry.

Frozen bakery market size from hypermarkets and supermarkets will surpass a revenue generation of USD 9 billion by 2024. Supermarkets are becoming popular across the globe owing to the availability of branded bakery products at low prices. Moreover, rapid growth in population across the globe will also enhance frozen bakery industry growth.

The noteworthy players in frozen bakery market are Vandemoortele N.V., Kellogg Company, Conagra Brands Inc., Grupo Bimbo, Lantmännen Unibake, Europastry, Associated British Foods plc., Cole’s Quality Foods Inc., General Mills, Inc., Aryzta AG, American Desserts, General Waffel Manufactory, Bridgford Foods Corporation, Flowers Foods, Pepperidge Farm, Deiorio Foods, Inc., Alpha Baking Company Inc., Warburtons Bakery, Custom Foods, Inc., Maple Leaf Foods Inc., and Cargill Corporation.

Author Name : Sunil Hebbalkar

Bitumen Market to witness massive demand from the soaring road construction sector, North America to hold the largest industry share

Posted on Updated on

The global Bitumen Market is expected to show an exponential growth curve with the rising road construction, maintenance, and repair activities. Bitumen, also known as asphalt is a necessary binder used in the road construction activities as the product offers high stickiness, viscosity, and superior water resistance properties. Bitumen is also utilized as a sealant and adhesive and finds huge demand in the construction of damns, water tanks, and bridges. The growing construction spending which is likely to touch USD 13 trillion over the coming seven years has in turn accelerated the growth of bitumen industry across the globe. Bitumen market is also witnessing lucrative growth avenues, owing to exclusive product demand from tire, paints & coatings, battery manufacturing, thermal & acoustic insulation sectors. Global Market Insights, Inc., estimates the global bitumen industry to register a y-o-y growth of 4.2% over the period of 2016-2024.

U.S. Bitumen Market size, by application, 2013 – 2024 (USD Billion)
U.S. Bitumen Market size, by application, 2013 - 2024 (USD Billion)

The growing trend of constructing wider roads and flyovers, owing to rising city traffic and population has impelled the growth of global bitumen market share in roadways application. Polymer modified bitumen is a majorly used product in road surfacing and helps in maintaining the right consistency and strength, thus making the mixture more sustainable to various stresses. The global polymer modified bitumen market is projected to witness lucrative gains over the coming years, subject to its enhanced elasticity and viscosity properties. Paving bitumen is another type of product used in roads and highways construction. This product is specifically used in the construction of barn floors, running tracks, railway beds, bicycle paths, and tennis courts. As per estimates, the global paving bitumen market is projected to expand at 2.5% per year between 2016-2024.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/1100

Rising government spending and initiatives for redevelopment and repair of roads and highways in North America have set the regional bitumen market in motion. The region will witness a substantial rise in product demand especially in the waterproofing application, owing to growing residential remodeling projects. The global bitumen market for waterproofing application collected revenue over USD 9 billion in 2015, subject to increasing piping & roofing activities in the construction and remodeling projects.  Primarily driven by the strong growth in the United States, North America dominated the global landscape in 2015.

A significant rise in the construction projects and infrastructural developments in Asia Pacific have further propelled growth of bitumen market in the region. India, China, and Japan are likely to observe lucrative growth prospects, owing to robust development projects and upsurge in consumer disposable income. Moreover, the market is likely to experience high product demand as a considerable rise is witnessed in the number of construction projects including airports, runways, road & highways, flyovers, and railway beds constructions. Asia Pacific bitumen market is anticipated to record a CAGR of 5% over 2016-2024.

Prominent industry players contributing to bitumen market expansion are Chevron Texaco, Exxon Mobil Bouygues S.A, British Petroleum, Petroleos Mexicanos, Indian Oil Corporation, Marathon Oil, NuStar Energy, Nynas AB, JX Nippon Oil & Energy, Villas Austria GmbH, and Total S.A.

Author Name : Ojaswita Kutepatil

APAC Aluminum Alloys Market to lead the global demand over 2017-2024, transportation industry to drive the end-use landscape

Posted on Updated on

Positively impacting the global Aluminum Alloys Market, the transportation industry emerged as one of most significant application segment changing the aluminum alloys industry dynamics. Both in terms of volume and revenue, the transportation industry will prominently sway the entire aluminum alloys industry over the years ahead, having accounted for 45% of global industry share in 2016. A substantial rise in the demand of lightweight and sturdy automotive vehicles have subsequently fueled the demand for aluminum alloys, thanks to its high strength to weight ratio and machinability.

Europe Aluminum Alloys Market Size, By End-User, 2013 – 2024 (USD Bn)
Europe Aluminum Alloys Market Size, By End-User, 2013 - 2024 (USD Bn)

The global automotive sales have reportedly exceeded 90 million units in 2016 from that recorded at 80 million units in 2011. This massive increase in such a short time span of 5 years has significantly impacted the aluminum alloys market demand. Moreover, the growth chart is quickly climbing up not only for the automobile car sales sector but proportionally for aircrafts sales as well.  Allegedly, the rise in number of flyers went up from 3 billion to 3.7 billion between 2011 to 2016 and the number is likely to twofold over the next two decades. The global aluminum alloys market is slated to witness a prosperous growth with the substantial surge in demand of commercial aircrafts. Growing industrialization and globalization will significantly influence this billion-dollar aluminum alloys industry to grow at a CAGR of 5% over 2017-2024, as per estimates by Global Market Insights, Inc.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/1527

The robust growth dynamics of the transportation and the construction industry have positively influenced the economic saga of Asia Pacific and Europe. Accounting for more than 60% of overall industry share, Asia Pacific aluminum alloys market is expected to expand at 5.5% CAGR over 2017-2024. The steady growth of automotive, marine, and the construction industries in China, India, and Japan will signify the profitable growth prospects of Asia Pacific aluminum alloys market. The exponential rise in the GDPs of emerging economies will also be a major growth catalyst for the expansion of regional aluminum alloys industry.

Europe on other hand is a hub for aeronautical and automotive companies, which is expected to thrive the demand for aluminum alloys. The demand for wrought alloys in this region will show a significant upsurge as it finds major application in the automotive and aerospace industry. The higher tensile strength, lighter weight, and negligible casting defects makes the high demand for wrought alloy very obvious for the fabrication of mechanical parts. Rising demand to enhance the vehicle performance and manufacture technologically advanced products that will impart maximum efficiency will lead to a significant adoption rate of aluminum alloys in the end-use sectors. Moreover, the companies are vigorously engaging in R&D activities and strategic collaborations to develop their product portfolios addressing the needs of the technologically advanced era. One such example is of Kaiser Aluminum, an American company which acquired Alexco LLC to expand their range of variety of product offerings for the aerospace sector.

Key aluminum alloys industry players include Alcoa, Magna International Inc., United Company RUSAL, Norsk Hydro, Constellium, Aluminium Bahrain, IBC Advanced Alloys Corp., ERAMET, Rio Tinto Alcan, UACJ Corporation, Aluminum Corporation of China, Aleris International, Kobe Steel, and Dubai Aluminium Company.

Author Name : Ojaswita Kutepatil