Polycarbonate
China long fiber thermoplastics market to garner commendable revenue by 2025, escalating demand from the automotive sector to augment the regional industry
The rising focus on the adoption of lightweight material in the automotive & aerospace sectors has accelerated the long fiber thermoplastics market growth in recent years, given the need to attain high fuel efficiency. Long fiber thermoplastics (LFT) help in sustainable development of automotive structures and robust, lightweight aircraft components as well. Indeed, by adopting LFT, automakers and aircraft manufacturers have been able to lower manufacturing cost, reduce installation time, and deliver lightweight components that provide high level of productivity and recycling potential, supplementing LFT market growth.
U.S. Long Glass Fiber Thermoplastics Market Size, By Application, 2018 & 2025, (Kilo Tons)
The automotive industry will majorly drive the long fiber thermoplastic market growth over the years to come. The material’s high performance in terms of mechanical properties, low cost, processing advantages and low density has led to its application in the automotive industry for making front end modules, bumper beams, instrumental panel career, doors and underbody shields. The product has an edge over conventional materials like aluminum due to its high specific strength, simple manufacturing process, recyclability, good damping capacity, and corrosion resistance has encouraged manufacturers to implement it in their vehicle segments. Moreover, rising customer demand for fuel-efficient vehicles has also propelled the long fiber thermoplastic industry trends.
With increasing emission levels in urban areas along with increased cases of obesity, people are constantly shifting towards cycling to commute in the city, which may in turn increase long fiber thermoplastics market demand. LFT has found application in manufacturing bicycles as it offers frothy properties which ensure better durability, handling and rideability to users. Moreover, as car traffic and commute times at an all-time high, more people are considering cycling as a more efficient and sustainable means for transport. Bike-sharing companies like Lime Bike, Mobike and Jump have recently gained demand from city commuters, generating huge opportunities in the bike manufacturing sector, further augmenting LFT market growth.
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Long fiber thermoplastics market outlook from the expanding aerospace sector
LFT is rapidly being deployed in the aerospace, aviation and missile/defense applications. The material offers lightweight advantages, design flexibility, high specific modulus and strength, ease of installing, and recyclability. Aerospace components featuring LFT mainly comprise of complex-shaped baseplates for electronic housings, stowage doors, structural load-bearing member and more. These products are utilized for making aeronautic equipments that reduce the weight and bulkiness of an aircraft, eventually making air travel more fuel-efficient and safe.
Given the expansive usage of the material in the aerospace & automotive sectors, it is prudent to mention that the Asia Pacific long fiber thermoplastics market, led by South Korea, India, China, and Japan, will accumulate commendable returns in the years to come. China specifically, is predicted to emerge as one of the most lucrative avenues of the regional industry. Since LFT finds long-term applications in the automotive interior manufacturing sector and in the construction of waste treatment plants as well, given its chemical and thermal resistance, China will come up to be one of the most profitable regional grounds for the long fiber thermoplastic industry. As per estimates, China long fiber thermoplastics industry size is likely to record a CAGR of 10.5% over 2019-2025.
Another regional ground that is primed to be rather lucrative for the long fiber thermoplastics market is Europe, led by the countries of France, Italy, Germany and the U.K. The region’s automobile industry has evolved rapidly as it comprises renowned auto giant’s like Volkswagen, Mercedes-Benz, Audi and more that offer sales worldwide. The LFT market will also witness significant gains as carbon reinforced thermoplastics are used in the manufacturing of vehicles to reduce kerb weight which makes vehicles more fuel efficient.
These thermal & heat resistant components which are largely used in automotive, aerospace and electrical & electronic industries, are lately being amalgamated with carbon and glass fibers to form structures which increase the robustness of a product. This would indeed, give rise to a spate of new growth avenues in the years to come. According to Global Market Insights, Inc., the long fiber thermoplastics market size will surpass $3 billion by 2025.
Author Name : Mateen Dalal
Polycarbonate sector to boost Dimethyl Carbonate Market size over 2016-2024, APAC to majorly drive the regional revenue
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)
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.
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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
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
Global Market Insights Inc. 