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)
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 Name : Dhananjay Punekar
This entry was posted in Polymers and Advanced Materials and tagged By Application, Coated Fabrics Market Size By Product, Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trend, Regional Outlook.
Rising demand for sterilization of surgical instruments to drive chemical indicator inks market growth
Sterilization processes are mostly used to sterilize and disinfect surgical equipment owing to its direct patient contact during surgery. The growing use of these processes to prevent hospital- acquired infections will promote the growth for chemical indicator inks over the coming years. As per Global Market Insights Inc., “Chemical Indicator Inks Market size worth USD 35 million in 2015, is anticipated to reach USD 78.30 million mark by 2024, growing at a CAGR of 7% over the period of 2016-2024.” In addition to this, advanced sterilization processes such as vaporized hydrogen & plasma, steam, ethylene oxide, and formaldehyde are predicted to further stimulate the industry growth over the coming years. The global surgical instrument industry produced a revenue over USD 5.5 billion in 2015 and is expected to boost chemical indicator inks industry growth significantly.
U.S Chemical Indicator Inks Market size, by sterilization process, 2013-2024 (USD ‘000)
Sterilization processes have a great significance in surgical equipment industry and is classified into steam, formaldehyde, vaporized hydrogen & plasma, and ethylene oxide process. Steam sterilization process produced revenue of USD 15 million in 2015 and is mostly preferred in medical sterilization application as it is nontoxic, sporicidal, microbicidal, heats quickly, and penetrates fabrics.
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Ethylene oxide sterilization process is anticipated to record a CAGR of 8% over the period of 2016-2024 owing to its use in pharmaceutical & medical products sterilization as well as its use in low temperature applications. Formaldehyde sterilization process is projected to record a CAGR of 7% over the forecast timeframe, owing to its use as a disinfectant for deactivating microorganisms through alkylation.
Global chemical indicator inks market is primarily driven by its applications in thermoformed trays, sterile bags, tapes, sterile bottles, IV & blood containers, pouches, refillable syringes, and tags & labels. They are also used in canned foods like fish & meat to provide information about the sterilization process completion and thus avoid excessive overheating of foods resulting in retention of food nutrients. Chemical indicator inks demand in Sterile bags applications was over USD 3.5 million in 2015 and is predicted to increase over the forecast period.
Water-based chemical indicator inks market is predicted to witness highest gains at 8% over the forecast period owing to strict government norms favoring solvents such as water due to their ecofriendly features.
North America chemical indicator inks market worth USD 13 million in 2015, is predicted to witness a significant growth over the forecast timeline due to growing geriatric population leading to heavy product demand for sterilization monitoring in the healthcare industry. U.S. market worth size worth USD 13 million in 2015, is predicted to contribute significantly towards the regional growth over the forecast timeline. Europe chemical indicator inks market is predicted to record a CAGR of 8% over the period of 2016-2024 due to rising ecological concerns due to VOC emissions.
Key industry players include 3M, Terragene SA, NiGK Corporation, STERIS, North American Science Association (NAMSA), Riken Chemical, Crosstex International Incorporation, and gke GmbH.
Author Name : Dhananjay Punekar
This entry was posted in Bulk & Specialty Chemicals and tagged By Application, By Printing Process, By Product, Chemical Indicator Inks Market Size By Sterilization Process, Competitive Market Share & Forecast, Growth Potential, Price Trends.
The carbon Nanotubes market has become a billion-value industry due to the high demand for these materials across various end use industries. Carbon nanotubes are allotropes of carbon having a cylindrical nanostructure and possess excellent properties, making it popular across electronics, optics, nanotechnology, and material science industries. Properties like high tensile strength and light- weight of these materials make them used widely across defense, aerospace, and electronics sectors.
As per a research report on Carbon Nanotubes Market by Global Market Insights Inc., “the global carbon nanotubes market worth USD 1.35 billion in 2015, is estimated to grow at a CAGR of 22.1 % over the period of 2016-2024, hitting USD 8.1 billion by 2024.” Wide applications of these materials across energy, electrical & electronics, and polymers industries are likely to drive the market growth over the forecast timeframe, says the report.
U.S. Carbon Nanotubes Market size, by application, 2013-2024 (USD Million)
CNTs exhibit exceptional tensile strength which is approximately 20 times higher than that of steel. Moreover, these materials are five times lighter than steel. For instance, CNT can be used in turbine wind blades to reduce the mechanical stress and impart higher strength, thereby increasing the overall efficiency. In addition, surging demand for light weight products in polymers and electronics industry will also favor the carbon nanotubes market share over the coming years.
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The basic raw materials used in the manufacturing of CNTs are ethylene, methane, and acetylene. Prolonged exposure to nanoparticles may result in chronic disorders, which may hamper the industry growth over the coming years. Moreover, high production and operational cost will also restrain the market share over the forecast timeframe.
CNT market will significantly expand owing to its applications in the polymer industry. The polymer industry contributed towards 50% of the overall CNT market share in 2015, and is expected to be the dominant application segment over the coming years.
Electrical & Electronics will be another major industry supporting the growth of CNT market over the next eight years. The industry will demand for high use of CNTs in a wide set of applications like forming p-n diode by chemical doping and polymer coating, building electronic devices like field effect transistors, and dispersing heat from computer chips owing to their incredible thermal transmission properties. Electrical & Electronics application segment is pegged to grow at a CAGR of 20% over the period of 2016-2024.
Carbon Nanotubes are mainly used in the form of either SWCNT (Single Wall Carbon Nanotubes) or MWCNT (Multi Wall Carbon Nanotubes). SWCNTs accounted only for a small portion of the overall carbon nanotubes market. These are mainly used in electrical applications owing to the high electrical conductivity exhibited by these materials.
MWCNTs accounted for 90% of the overall market share in 2015, and is expected to register a CAGR of 22% over the period of 2016-2024. The high growth is attributed to the excellent electrical, thermal, and mechanical properties possessed by these materials which makes them extensively used as polymers additives, catalysts, electron field emitters, gas-discharge tubes in telecom networks, lithium-battery anodes, nanotube composites, nanoelectrodes, etc.
The U.S. CNT market worth USD 340 million in 2015, is set to witness noticeable growth over the coming years, primarily driven by government investments in nanotechnology and growth in the polymer industry across this region.
The Asia Pacific CNT market is estimated to register the highest CAGR of 23% over the next eight years. Expansion of polymer and electronics industry in this region will be primarily driving the industry share. China, Japan, and India are set to be the major revenue pockets for the CNT market in APAC.
The industry is quite fragmented with a blend of large and small market players. Key industry players like Hanwha Nanotech Corporation and Arkema SA are backward integrated, where they manufacture raw materials required for CNTs. Other participants such as C Nano Technology Limited, Nanocyl SA, Raymor Industries, Thomas Swan & Co. Ltd., and Nanoshel LLC have adopted regional distribution strategies to address the high demand for CNTs in end-use industries.
Author Name : Shikha Sinha
This entry was posted in Polymers and Advanced Materials and tagged By Application, Carbon Nanotubes Market Size By Product, Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trends, Regional Outlook.
Asia Pacific to dominate the Biodegradable Superabsorbent Materials Market: A growth rate of 6.5% to be registered during the period of 2016-2023
The need for environmental sustainability has been realized taking into consideration the rapidly increasing population, which may cross the 7 billion mark by 2050. Owing to the rising health and environmental concerns, there has been a huge demand for proper waste disposal and use of bio-degradable substances which in turn has driven the growth of Biodegradable Superabsorbent Materials in the polymer industry. The market has seen a commendable surge in all these years, driven by its ease of use, hygiene, cost-effectiveness and environment friendly characteristics.
The popularity of conventional materials is being surpassed by the use of these biodegradable products. Biodegradable Superabsorbent Polymers are used for high absorption of water and aqueous solutions relative to their own mass primarily for use in the form of diapers, adult incontinence products, feminine hygiene products, and similar applications. According to a research conducted by Global Market Insights Inc., biodegradable superabsorbent materials market size is forecast to be worth USD 192.6 million by 2023 with a CAGR of 6.1%.
Biodegradable Superabsorbent materials market can be segmented on the basis of its wide set of applications which include Disposable diapers (baby diapers), feminine hygiene (sanitary pads), adultincontinence, agricultural, and medical applications (surgical pads & wound care solutions)
U.S. Biodegradable Superabsorbent Materials Market size, by application, 2012-2023 (Tons)
Disposable diapers application segment dominated the market in 2015, having had a market share of USD 79 million. The growth is attributed to the better living standards and hygiene concerns. Agricultural application is expected to witness a CAGR of more than 7% from 2016-2023.
Also, medical issues related to bones and joints are boosting the adoption of cellulose hydrogel biodegradable polymers due to its effective healing properties. Medical application segment shall see a significant growth and is expected to be worth more than USD 5 million by 2023.
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Biodegradable superabsorbent materials product segment comprises of Polyvinyl Alcohol (PVA), Polysaccharides, Polyitaconic acid, and Polypeptide. Polyvinyl Alcohol (PVA) which was valued at approx. USD 82 million in 2015, dominates the product market with its major application in feminine hygiene and adult incontinence products. Besides, Polysaccharides which is abundantly available in the form of starch, chitin, natural gums and sugar is expected to witness the maximum rise at a CAGR of 9% from 2016-2023.
Biodegradable superabsorbent materials are being adopted worldwide. Europe market, led by Germany, dominated the industry by contributing a share of USD 48 million in 2015. APAC is expected to witness the highest growth, registering a CAGR of 6.5% over the period of 2016-2023 with China market share to be worth USD 25 million by 2023. U.S. adult incontinence market is expected to grow at a CAGR of 5.8% reaching 2.1 Kilotons by 2023.
Some of the key players in this market space are ADM, TryEco, Exotech Bio Solutions, Weyerhaeuser Company, Valagro, NanoChem Solutions, AMEREQ, CryoLife, Coloplast A/S, Collagen Solutions, and Akron Biotech. The research by Global Market Insights Inc. anticipates the Global Biodegradable Superabsorbent material market to reach 89.6 kilotons in 2023. This huge demand and the resulting growth shall witness a number of collaborations, alliances and partnerships in the corporate world. The Biotech firms may tie up with the technology world to enhance their product portfolios.
Author Name : Shikha Sinha
This entry was posted in BIOMASS, BIOENERGY AND RENEWABLE CHEMISTRY and tagged Application Potential, Biodegradable Superabsorbent Materials Market Size By Product, By Application, Competitive Market Share & Forecast, ndustry Analysis Report, Price Trend, Regional Outlook (U.S..
Ethanolamines market growth is driven by rising demand from surfactants, natural gas and agrochemical sectors
Global Ethanolamines Market size contributed $2.80 billion for 2015 and is projected to expand at a CAGR of 4.2% during forecast timeline. Growing demand from surfactants and agrochemical, strong infrastructural expansion in APAC and significant potential demand from natural gas processing are predicted to enhance the industry trends.
U.S. Ethanolamines Market size, by product, 2013-2024 (KT)
Comparatively slow increase of raw material prices and other aspects are also predicted to add towards revenue gain. Demand from other applications like textiles, paints & coatings, additives and cosmetics are also predicted to help the global ethanolamines industry expand in future.
Key threats faced by global ethanolamines market include strict rules and health concerns due to chemical ill-effect on human beings. Medical studies were carried out to check the chemical effects of the product on human liver and its connections to liver tumors were detected in past. This inhibits the use of the product in many applications and proper replacements have found their way to the industry.
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Global ethanolamines industry is segmented into key products like triethanolmines, monoethanolamine and diethanolamines.
Diethanolamines is predicted to be attractive product segment with revenue of higher than $1.1 billion for 2015 with higher than 4.1% CAGR expected to be recorded during forecast timeline. Its expansion is credited to herbicides growth.
Triethanolmines product segment was the biggest segment for 2015 and is projected to expand significantly during forecast timeline. Demand for ester quats is projected to fuel the segment revenue.
Monoethanolamine segment is projected to grow owing to heavy demand from triazines and ethyleneamines. Furthermore, the increase in demand for the segment can be credited to rising demand from olefins cracker items and refinery streams.
Global ethanolamines market is segmented into various applications like gas treatment, chemical intermediates, cement, surfactants and herbicides.
Surfactants segment contributed more than 25.1% of total revenue for 2015. Chemical intermediates and herbicides contributed for more than 40.1% of ethanolamines market share with nominal gains projected by end of forecast timeline. Rising agrochemicals sector owing to increasing demand from farming activities and growing demand from different cleaning methods in most of end use sectors are few of the aspects for these segments to display fast growth during forecast timeline.
Global ethanolamines market is segmented into various geographical locations like North America, APAC, MEA, Europe and Latin America.
APAC, specifically, India and China ethanolamines industry, contributed more than $1.1 billion for 2015 in revenue terms and the region is projected to experience heavy expansion depending on domestic use.
MEA and APAC are predicted to be the most favored areas for the industry during forecast timeline.
Latin America and North America are predicted to demonstrate positive growth in future. U.S. ethanolamines market share that was higher than 400 kilo tons for 2015 today contributes more than 84.1% of overall North American industry share in terms of revenue.
Key industry participants profiled in the report include SABIC, Huntsman Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., BASF-YPC Company Limited, Thai Ethanolamines Company Limited, Akzo Nobel N.V., China Petroleum & Chemical Corporation, INEOS Group and Sintez OKA LLC.
Author Name : Dhananjay Punekar
This entry was posted in Bulk & Specialty Chemicals and tagged Application Potential, By Application, Competitive Market Share & Forecast, Ethanolamines Market Size By Product, Industry Analysis Report, Price Trends, Regional Outlook.
Synthetic lubricants market trends are driven by growing demand from automobile and industrial sectors
Global Synthetic Lubricants Market size is predicted to surpass 900 kilo tons by end of 2023 andpredicted to record CAGR of 4.3% during forecast timeline. Rising demand from automobile and industrial sectors in APAC owing to new machine set ups and enhanced sale of brand cars is projected to be drive industry growth.
Europe synthetic lubricants market size, by product, 2012 – 2023, (USD Million)
The revenue size of the global industry is predicted to be $5.1 billion by end of forecast timeline. Applicationgrowth of the industry in automobile sector, construction industry, food & beverage industry and personal care sector in developing nations like UAE, Qatar and Saudi Arabia hasshifted attentionto natural gas expansion. All these aspects are predicted to promote synthetic lubricants industry trends.
High costs compared its mineral equivalents can hinder the industry expansion in future. Synthetic lubricants market price trend observed a steep decline in last few years owing to low petrochemical prices. But costs are predicted to increase by end of forecast period.
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Global synthetic lubricants industry is segmented into products like PAG (Polyalkylene glycols), GroupIV (Polyalpha- olefin)(PAO)and GroupV (Esters).
Group IV Polyalpha-olefinsegment contributed more than 436 kilotons for 2015 in terms of size and is predicted to record aCAGR of about 4.1% during forecast timeline. Enhanced use of polyalpha-olefin in engines of automobiles along with OEM (original equipment manufacturers) endorsementin brands like BMW and Volkswagen is projected to promote segment expansion in future.
Group V or esters segment is predicted to touch $1.74 billion and record CAGR of 4.91% by the end of forecast period. Rising demand of esters in reciprocating compressors due to original equipment manufacturers like Ingersoll Rand as well as recommending usage of compressor oil is predicted to fuel segment growth.
Global synthetic lubricants market is segmented into applications like metalworking fluids, engine oils and heat transfer fluid (HTF).
Engine oils contributed more than 40.1% of globalsynthetic lubricants market share for 2015 and is predicted to record CAGR of 4.3% by end of forecast timeline. Main applications of engine oils are rising drain intervals and offering outstanding film protection along with broad functioning temperature range. All these aspects are predicted to enhance the demand for engine oils segment.
HTF or heat transfer fluid removes water and heats reboilers in chemical and oil & gas sectors. Due to this property the demand of HTF segment is predicted to grow in future. It is projected to surpass 291 kilo tons of production by end of 2023. Further, these fluids are also utilizedin power steering and as lubricants in four-wheeldrive fluid transfers. The segment is predicted to record CAGR of 4.2% during forecast timeline.
Global synthetic lubricants industry is segmented into geographical locations like Asia Pacific, North America, MEA, LATAM and Europe.
Asia Pacific, led by India and China synthetic lubricants market, is predicted to consume 245 kilo tons by end of forecast timelineand projectedto record CAGR of 4.6%.Growing high end automobile sales in Asia Pacific is projected to stimulate industry expansion during forecast timeline. Further, superlative features and high performance of synthetic lubricants products as compared to its mineral based counter parts helps in wide use of these products in high end automotive.
Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW.
Middle East and LATAM synthetic lubricants industry provides unexplored growth avenues for industry participants. But U.S. synthetic lubricants market is equally saturated
Key industry participants profiled in the report include Castrol, Amsoil Incorporation, Valvoline, ExxonMobil, Fuchs Group, Shell, Chevron, British Petroleum, Pennzoil, Kendalland Total.
Author Name : Dhananjay Punekar
This entry was posted in Bulk & Specialty Chemicals and tagged Application Potential, By Application, Competitive Market Share & Forecast, Industry Analysis Report, Market Size By Product, Price Trends, Regional Outlook.
Antimicrobial coatings market growth is driven by strong application trends in healthcare and medical device segment
Global Antimicrobial Coatings Market size produced higher than $2.5 billion revenue for 2015 and is projected to register CAGR of more than 10.1% during forecast timeline. Strong application overview in healthcare and medical equipment sector is predicted to propel global industry expansion. Global antimicrobial coatings industry contributed more than 25.1% to medical and healthcare segment for 2015 in terms of size. High end residential and commercial construction projects have witnessed an increase in product application which is aimed at reducing air pollution. The products can be included into producing materials and are utilized in conserving amount of air quality over a long period that can fuel industry expansion.
Europe Antimicrobial Coatings Market size, by application, 2013-2024 (USD Mn)
Silver is the most dominant and active constituent and has substantially affected antimicrobial coatings market price trends. With higher than 60.1% of total revenue share, food packaging is main application for barrier & additive sector that converts into greater avenues for global antimicrobial coatings industry.
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Global antimicrobial coatings industry is segmented into surface modifications & coatings product and antimicrobial powder coatings product. Surface modifications & coatings segment produced revenue of more than $651 million for 2015. Properties like adhesion and long term stability are predicted to promote industry demand for the segment.
Antimicrobial powder coatings segment is predicted to experience 9.1% growth. Its use in domestic appliances, medical care, steel & furniture sector and sanitation can fuel demand for the product.
Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction.
Indoor air quality application segment produced high sales for 2015. Strict rules in European Union and U.S. have made it compulsory for hospitals and schools to use antimicrobial coatings to minimize the medical infection hazard. This has encouraged new business entrants to invest in the application segment. It is predicted to witness healthy expansion during forecast timeline.
Medical & healthcare application segment can experience substantial gains of more than 9.6%. Increase in amount of medical equipments in U.S hospitals as well as hospitals in European Union can promote product demand. Mold remediation segment can witness biggest gains and produce more than $1.1 billion by end of forecast timeline.
Global antimicrobial coatings industry is segmented into North America, LATAM, Asia Pacific, Europe and MEA. U.S antimicrobial coatings market produced heavy sales for 2015. Growing healthcare spending in U.S. owing to enhanced standards of living is predicted to drive regional industry growth.
Asia Pacific industry, with construction sector growth in China and India, is predicted to record CAGR of more than 9.6% by end of forecast timeline. End use applications like construction sector, food industry and medical industry are predicted to display substantial growth by end of forecast timeline. Indoor air quality application segment dominated China due to large production base in the region.
European antimicrobial coatings industry is predicted to produce sales of more than $1.36 billion by end of forecast period. Enhancing indoor air quality application and medical application is predicted to fuel regional industry expansion. Food sector development in countries like Italy, UK, France and Germany is predicted to boost the growth of European industry.
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Key industry players profiled in report include Nippon Paint Company Limited, Dow Microbial Control, DuPont, Troy Corporation, AzkoNobel NV, BASF SE, Royal DSM N.V., Diamond Vogel Paints, Sherwin-Williams Company, Arch Lonza, Sono-Tek Corporation, RPM International Incorporation and AK Coatings Incorporation
Author Name : Dhananjay Punekar
This entry was posted in Bulk & Specialty Chemicals and tagged Antimicrobial Coatings Market Size by Product, Application Potential, By Application, Competitive Market Share & Forecast, Industry Analysis Report, Price Trend, Regional Outlook.