Market News Insights: October 2018

Wednesday, October 31, 2018

Glacial Acrylic Acid Market Share, Growth, Region Wise Analysis of Top Players, Application and Forecast to 2023

The glacial acrylic acid market is expected to grow during the forecast period (2017-2023) due to the production of super absorbent polymer (SAP) using glacial acrylic acid (GAA). Super absorbent polymers are the fastest growing application segment with increasing end-use applications comprising manufacturing diapers, adult incontinence products and female hygiene products.

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The glacial acrylic acid (GAA) is a clear, colorless liquid with a pungent odor. It is miscible with water, alcohols and ethers. The chemical formula is CH2=CHCO2H. Glacial acrylic acid (GAA) is a monocarboxylic acid used in the production of polymers and acrylate esters and as a feedstock for chemical synthesis.

The glacial acrylic acid market is categorized as purity level, end users, and regions. On the basis of purity level, glacial acrylic acid (GAA) can be segmented into glacial acrylic acid 100% and glacial acrylic acid 80%. The market by end users, is classified into chemical, water treatment and detergent.

The decline in fossil fuels encourage the manufacturers to develop bio based routes. With the developments in the bio-based routes, a possible reduction in the production cost can be observed and a hedge over market volatility.

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The key players operating under this market are Dow, OPX Bio, Novoenzymes, Cargil, Arkema, Novomer, Metabolix and Nippon Shokubai. These companies are involved in research for producing technologies for manufacturing acrylic acid from renewable resources such as sugar and glycerol.

Market SegmentationBy purity

Glacial acrylic acid 100%
Glacial acrylic acid 80%

By end-user

Chemical industry
Water treatment industry
Detergent industry
SAP

By region

North America
USA
Canada
Mexico
Europe
Germany
France
UK
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Southeast Asia
Rest of Asia-Pacific
Rest of the World (RoW)
Middle East and Africa
South America

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Tuesday, October 30, 2018

Caprolactam Market Overview, Cost Structure Analysis, Trends, Size, Share and Demand Forecast to 2023

The use of caprolactam in nylon 6 resin production employed in engineering plastics and electronic applications is anticipated to experience major growth in the market over the next few years. The tire cables made from nylon 6 fiber offer superior wear resistance and high strength characteristics due to which demand for the caprolactam market is estimated to rise in the forecast period.

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Caprolactam is used to produce nylon 6 fibers and resins that are used widely in various applications. Owing to the superior chemical as well as physical characteristics of caprolactam such as light weight and high tensile strength, nylon 6 fibers have become materials of choice in various textile and carpets application.

Caprolactam (CPL) is manufactured by the synthesis of phenol or cyclohexane., The colourless solid is a cyclic amide or a lactam of caproic acid. Caprolactam is the predecessor to nylon 6, an extensively used synthetic polymer.

By product segment type, the global caprolactam market can be divided into applications of nylon 6 fibre and nylon 6 resins. On the basis of applications of nylon 6 resins, the global caprolactam market can be divided into engineering plastics, packaging, electronics and others (lysine synthesis, composites and musical strings).

Upcoming investments and expansions is a major trend in the caprolactam market. Caprolactam is increasingly replacing metals in automotive applications such as air intake manifolds in nylon 6 resin.

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DSM, Honeywell, Ube Industries, BASF SE and Capro Corporation are some of the major competitors in the caprolactam market. Other competitors in the global caprolactam market are China Petrochemical Development Corporation, Azot Cherkassy, Braskem, Domo Caproleuna GmbH, DSM, GSFC Ltd , Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical, Lanxess, DSM, Toray Industries, Univex Corp.

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Corrugated Packaging Market Overall Size, Growth, Share, Segments and Forecast to 2023

The Corrugated Packaging Market growth is driven by the increasing demand of cost-effective and environment-friendly packaging materials from various end use industries. On the basis of application, the corrugated packaging market is categorized into processed food, personal and household care, beverages, electrical and electronics goods, chemicals, glassware and ceramics, fresh food and produce, paper products, tobacco, and wood and timber products, textiles, direct mail and dispatch, transport, and others. Others include footwear and furniture.

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The market is expected to witness the fastest growth from personal and household care application, witnessing a CAGR of 4.3% during the forecast period. The demand for personal and household care has seen immense growth over the past few years owing to high demand for cosmetics and personal care products.

The corrugated packaging market in Asia-Pacific (APAC) is expected to register a CAGR of 5.0% during the forecast period. The market growth in the region is mainly driven by the growing demand for packaging materials from the processed food industry of countries such as China and India. China is the largest market for corrugated packing in the region, while Japan is the second largest market.

The high industrial production in China is one of the leading factors for the growth of the corrugated packaging market in the country while Japan is the second largest market. The Japanese economy is largely based on export, as the country is one of the leading exporters of consumer electronics and automotive parts in APAC.

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Some of the major players operating in the global corrugated packaging market are Nine Dragons Paper (Holdings) Limited, International Paper Company, WestRock Company, Smurfit Kappa Group, Georgia-Pacific Equity Holdings LLC, Lee & Man Paper Manufacturing Ltd., Oji Holdings Corporation, Mondi Group, Packaging Corporation of America, and DS Smith PLC.

GLOBAL CORRUGATED PACKAGING MARKET SEGMENTATION

By Application

Processed Food
Fresh Food and Produce
Beverages
Personal and Household Care
Chemicals
Paper Products
Electrical and Electronics Goods
Glassware and Ceramics
Tobacco
Wood & Timber Products
Textiles
Direct Mail & Dispatch
Transport
Others

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
APAC
- China
- Japan
- South Korea
- India
- Rest of APAC
Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- Others

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.

Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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Automotive Lightweight Material Market Analysis, Shares, Growth Opportunities, Trends, Forecast to 2022

The global automotive lightweight material market was estimated at $77.1 billion in 2015, and it is expected to grow at a CAGR of 14.0% during 2016 – 2022. The factors driving the growth of the global market include growing enforcement by government for environmental regulations, increasing number of passenger vehicles and advancement in technology, along with change in material used for manufacturing.

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As high costing of these lightweight materials remains the main barrier, the need of developed technique and change in material use offers solution to some extent. Progressions are being made globally as a result of research work going on and by integration with other industries, such as metallic, polymer, aviation and others for cross-industry learning.

Geographically, the North American market held the largest share in the global automotive lightweight material market in 2015. The major reasons behind the growth of the market in the region include the regulatory pressure by government to reduce CO2 emission, and strict fuel economy majors being adopted throughout North America.

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In August 2012, the U.S. issued new corporate average fuel economy (CAFE) standards for the model year 2017-2025 light-duty vehicles, with the average requirement of 54.5 miles per gallon by 2025.

Read summary of report here : https://www.psmarketresearch.com/market-analysis/automotive-lightweight-material-marketThe key companies operating in the global automotive lightweight material market include Arcelor Mittal S.A., Owens Corning, PPG Industries Inc., ThyssenKrupp AG, Toray Industries, Inc., Novelis Inc., Alcoa Inc., LyondellBasell Industries N.V., Hexcel Corporation, and Saudi Basic Industries Corporation.

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Monday, October 29, 2018

Well Cementing Services Market Dynamics Trends, Segmentation, Key Players, Application And Forecast

Global well cementing services market is projected to reach $8,862.0 million by 2023, increasing exploration and production (E&P) in unconventional reserves and large number of mature wells are driving the market growth. The chief objective of primary cementing is to provide zonal isolation, in order to prevent migration of fluids in the annulus. Also, it provides protection to the casing string from corrosive formation fluids.

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On the basis of service type, the well cementing services market is categorized into primary, remedial, and others. Of these, primary services held the largest share in the market during the historical period, contributing more than 75.0% revenue in 2017. This is mainly driven by increasing E&P activities coupled with the increasing need of providing proper zonal isolation during well cementing.

Based on application, the well cementing services market is segmented into onshore and offshore applications. Of these, onshore was a larger category in the market during the historical period, contributing more than 80.0% revenue in 2017. The increasing well operations in onshore areas coupled with the growing demand for oil and gas is estimated to increase the use of these services in onshore activities.

Globally, North America has been leading the well cementing services market, which is attributed to the increasing drilling activities in deep water and onshore wells, especially in the U.S. Increasing drilling activities in shale and tight gas reserves in the U.S. are expected to drive the market growth in the region during the forecast period. Additionally, large scale production of oil and gas from their reserves scheduled to produce oil and gas in the coming years, will drive the market growth.

The region has abundance of unconventional oil and gas, and the U.S. is the only country producing commercially significant volumes of these resources from shale reserves in the current scenario.

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Some of the major players operating in the global well cementing services market are Consolidated Oil Well Services LLC, Nine Energy Service Inc., Gulf Energy SAOC, Magnum Cementing Services Ltd., Calfrac Well Services Ltd., China Oilfield Services Limited, Baker Hughes, a GE Company, Schlumberger N.V. (Schlumberger Limited), Halliburton Company, and Weatherford International PLC.

GLOBAL WELL CEMENTING SERVICES MARKET SEGMENTATION

By Service Type

Primary
Remedial
Others

By Application

Onshore
Offshore

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Norway
- U.K.
- Russia
- Rest of Europe
APAC
- China
- India
- Indonesia
- Rest of APAC
Central and South America (CSA)
- Brazil
- Venezuela
- Rest of CSA
Middle East and Africa (MEA)
- Saudi Arabia
- U.A.E.
- Nigeria
- Rest of MEA

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Fire Extinguishers Market Overview, Segment Analysis, Growth Opportunities and Trends Forecast to 2023

The Fire Extinguishers Market growth is mainly driven by rapid industrialization, increasing construction activities for commercial purposes, and implementation of stringent fire safety norms for promoting public safety.

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A fire extinguisher is a firefighting device that is used for controlling small fires, mostly in emergency situations. It comprises a cylindrical pressure vessel containing a fire-extinguishing agent, such as water, foam, carbon dioxide, or dry powder, which is discharged over a burning substance to extinguish the fire.

During the forecast period, the market for portable fire extinguishers is expected to witness higher growth. Being handy in nature, they can be instantaneously used during emergency conditions to douse the fire. Trolley-mounted extinguishers, on the other hand, find major application in large facilities, such as industrial plants and warehouses. This factor limits their demand in the fire extinguishers market.

Globally, North America has been leading the fire extinguishers market and is estimated to contribute more than 30.0% share to the market in 2017 in terms of value. U.S. and Canada are two of the world’s most well-developed demand-generating regions that strictly adhere to fire safety norms.

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Some of the major players operating in the global fire extinguishers market are Amerex Corporation, United Technologies Corporation, Minimax, Britannia Fire Ltd., First Alert Inc., JL Industries, Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG, Tyco Fire Protection Products, and Desautel.

GLOBAL FIRE EXTINGUISHERS MARKET SEGMENTATION

By Product Type

Dry Chemical and Dry Powder
Carbon Dioxide
Foam Based
Water Based
Clean Agent

By Portability

Portable
Trolley Mounted

By End User

Industrial
Commercial
Residential
Transport

By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC
Latin America (LATAM)
- Brazil
- Mexico
- Rest of LATAM
Middle East and Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
- Egypt
- Rest of MEA

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Friday, October 26, 2018

APAC Automotive Adhesives and Sealants Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast

The APAC automotive adhesives and sealants market is projected to reach $4,938.0 million by 2023. The market growth is mainly driven by the increasing usage of lightweight materials in the vehicle manufacturing and increasing vehicle production in APAC.

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On the basis of type, the APAC automotive adhesives and sealants market is segmented into epoxy, acrylics, polyurethanes, rubber, PVC, silicones, and hot melts. Among all types, epoxy is expected to be the fastest growing category in terms of volume sales, witnessing a CAGR of 4.6% during the forecast period. It also held the largest share in the market, attributed to its superior properties, over other types, such as excellent dimensional stability, surface hardness, high temperature stability, good heat-resistance, cost-effectiveness, fire-resistance, and very low flammability.

Based on application, the APAC automotive adhesives and sealants market is categorized into body in white (BIW), under-the-hood (UTH) and power train, paint shop, and assembly. BIW application accounted for more than 30.0% volume share in the APAC market in 2017. The largest share of the application is attributable to the high consumption of epoxy, polyurethane, and acrylics during the manufacturing process of cars.

Due to the rising environmental concerns, the companies are developing bio-based adhesives and sealants to replace chemical based adhesives and sealants. In order to enhance the sustainability efforts without compromising performance, the companies are developing bio-based adhesives and sealants.

China was the largest revenue generating country, with a share of more than 50.0% in the APAC automotive adhesives and sealants market in 2017. The country is an emerging economy and is largest in terms of purchasing power parity, the second-largest economy in terms of nominal GDP, and one of the largest exporters of adhesives and sealants to many countries.

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Some of the major players in the APAC automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, Permatex, Bostik SA, DIC Corporation, Huate Bonding Material Co. Ltd., Mitsui Chemicals Inc., and Shin-Etsu Chemical Co. Ltd.

APAC Automotive Adhesives and Sealants Market Segmentation

By Type

Epoxy
Acrylics
Polyurethanes
Rubber
Polyvinylchloride (PVC)
Silicones
Hot Melt

By Application

BIW
UTH and Power Train
Paint Shop
Assembly

By Country

China
- By type
- By application
Japan
- By type
- By application
South Korea
- By type
- By application
India
- By type
- By application
Thailand
- By type
- By application
Indonesia
- By type
- By application
Rest of APAC
- By type
- By application

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Ceramic Matrix Composites Market Overview, Opportunities, Impact of Drivers, Key Vendors Outlook to 2024

Global ceramic matrix composites (CMC) market is projected to reach $6.0 billion by 2024. The high cost of ceramic fibers has greatly influenced the market growth. Unlike the carbon fiber, which is used in most of the metal and polymer composites and thus, is produced in bulk, other ceramic fibers are produced in small quantities, which refrains them from enjoying the cost benefits of mass production.

Ceramic matrix composites production being a high enthalpy process, adds up to the product cost, which makes it useful in applications such as defense, aerospace, thermal management, and other.

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On the basis of product, the ceramic matrix composites market has been segmented into oxide, silicon carbide (SiC), carbon, and others. SiC matrix composite has been holding the largest share in the ceramic matrix composites market, with an estimated contribution of over 25% in 2017. SiC composites were commercially developed a long time back and their higher oxidation resistance than carbon matrix composites has made them attractive for aerospace applications.

North America is estimated to hold the largest share in the ceramic matrix composites market, accounting for more than 30% in 2017. This can be attributed to the presence of major aviation industries, their investment for developing ceramic matrix components for manufacturing aviation components, and private-public partnerships for upgrading defense and aerospace equipment.

In Asia-Pacific, the increasing expenditure on defense and space exploration projects has fueled the growth of the ceramic matrix composites market during the forecast period. Also, initiatives such as ‘Make in India’ have resulted in the growth of the manufacturing sector in this region.

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Some of the major players operating in the global ceramic matrix composites industry are The 3M Company, Applied Thin Films, Inc., COI Ceramics Inc., General Electric, CoorsTek Inc., CeramTec, KYOCERA Corporation, Lancer Systems LP, SGL Carbon SE and Starfire Systems Inc.

GLOBAL CERAMIC MATRIX COMPOSITES MARKET

By Product – Oxide, Silicon Carbide, Carbon and Others
By Application – Aerospace, Defense, Energy & Power, Electrical & Electronics and Others
By Region – North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Central & South America (CSA)

GLOBAL CERAMIC MATRIX COMPOSITES MARKET, BY GEOGRAPHY

North America Ceramic Matrix Composites Market

By Product
By Application
By Country – U.S.

Europe Ceramic Matrix Composites Market

By Product
By Application
By Country – Germany, France, and U.K.

Asia-Pacific Ceramic Matrix Composites Market

By Product
By Application
By Country – China, India, and Japan

MEA Ceramic Matrix Composites Market

By Product
By Application

CSA Ceramic Matrix Composites Market

By Product
By Application

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