Soft Magnetic Materials Market Size, Share, Global Analysis, Competitive Landscape and Forecast to 2024

The global soft magnetic materials market is expected to witness significant growth, during the forecast period (2016-2022), on account of increasing demand from automotive industry, new product development, and increasing application in motors, transformers and alternators. Additionally, increasing demand from the developing nations is offering new growth opportunities for the global soft magnetic materials manufacturers. 

Soft magnetic materials have the efficiency to be easily magnetized and demagnetized. These materials are used to enhance and channel the flux produced by an electric current. Soft magnetic materials are extensively used in various applications such as electric motors, receipt of radio signals, electrical power generation and transmission, microwaves, relays, solenoids, magnetic shielding and electromagnets.

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The global soft magnetic materials market has been segmented on the basis of material type, application and end-user. On the basis of material type, the market has been segment into soft ferrite, electrical steel and cobalt. The electrical steel segment is expected to witness significant growth, during the forecast period, due to electrical steel properties such as high permeability, electrical insulation, minimal magnetic losses, low coercivity and high electrical resistivity to iron. On the basis of end-user, the market has been categorized into electronics and telecommunications, automotive and electrical. 

The automotive industry uses the soft magnetic materials for anti-lock brake systems, fuel injectors, motors, compressors and various rotating devices. On the basis of application, the market has been segmented into motors, transformers and alternators.

Asia-Pacific is expected to witness the fastest growth in the global soft magnetic materials market during the forecast period. The major factors contributing to the regional market growth include the increasing base of automotive manufacturers and increasing investment in establishment of advanced electronics and telecommunications industries.

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Some of the key companies in the global soft magnetic materials market are Hitachi Metals Co. Ltd., Toshiba Materials Co. Ltd., Daido Steel Company Ltd, Steward Advanced Materials, Sintex a/s, Vacuumschmelze GmbH & C0. Kg, GKN Sinter Metals, and Mate Co. Ltd.

Global Soft Magnetic Materials Market Segmentation
By Application

• Motors
• Transformers
• Alternators
• Others

By Material Type

• Soft ferrite
• Electrical steel
• Cobalt
• Others

By End-User

• Automotive industry
• Electronics and telecommunications
• Electrical
• Others

By Geography

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K.
  • Italy
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC
• South America
  • Brazil
  • Rest of South America
• Rest of the World

APAC Paints and Coatings Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast to 2023

The APAC paints and coatings market is projected to reach $148.4 Billion by 2023, the market growth in the region is driven by the increasing demand for paints and coatings solutions from the automotive, electronic, and construction industries.Based on resin type, the APAC paints and coatings market is categorized into acrylic, polyester, polyurethane, epoxy, and others. Other resins include nylon, nitrocellulose lacquer, and polycarbonates. Of these, the volume sales of polyurethane are expected to exhibit the fastest growth in the market, witnessing a CAGR of 8.3% during the forecast period.

On the basis of formulation, the APAC paints and coatings market is categorized into water-based, solvent-based, powder coatings, and UV coatings. During the forecast period, the fastest growth in volume sales is expected in the UV coatings category, with a CAGR of 8.8%. These coatings have certain advantages over other types, such as reduced environmental impact, zero pot life issues, rapid cure speed, and low energy costs.

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In terms of application, the APAC paints and coatings market is categorized into architectural and decorative, industrial, and marine. During the forecast period, the volume sales of paintings and coatings are expected to witness the highest growth for industrial application, with a CAGR of 7.5%. Increasing demand for paints and coatings solutions from industries such as consumer goods, automotive, and machinery manufacturing is driving the market growth.

Countries such as China, India, Indonesia, and Malaysia have witnessed rapid economic transformation in the past few decades. Majority of these nations have a large and rapidly growing middle-class population. These factors make these developing countries a suitable paint and coatings market.

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Some of the major players operating in the APAC paints and coatings market are Akzo Nobel N. V., PPG Industries Inc., The Sherwin-Williams Company, Berger Paints India Limited, Shalimar Paints Limited, Kansai Paint Co. Ltd., Chugoku Marine Paints Ltd., KCC Corporation, Nippon Paint Holdings Co. Ltd., Dulux Group Limited, and Asian Paints Limited.

APAC PAINTS AND COATINGS MARKET SEGMENTATION

By Resin Type

• Acrylic
• Polyester
• Polyurethane
• Epoxy
• Others

By Formulation

• Water-Based
• Solvent-Based
• Powder Coatings
• UV Coatings

By Application

• Architectural and Decorative
  • Residential
  • Non-Residential
• Industrial
  • Automotive OEM
  • Automotive Refinish
  • Wood
  • Coil
  • Can
  • Manufacturing
  • Others
• Marine

By Country

• China
  • By Resin Type
  • By Formulation
  • By Application
• Japan
  • By Resin Type
  • By Formulation
  • By Application
• India
  • By Resin Type
  • By Formulation
  • By Application
• Rest of APAC
  • By Resin Type
  • By Formulation
  • By Application

Renewable Chemicals Market Outlook, Emerging Trends, New Growth Opportunities and Industry Forecasts to 2024

The renewable chemicals market is driven by various factors including increasing consumer awareness regarding sustainable development and the rising awareness of the harmful effect caused due to persistence usage of conventional chemicals. The government and environmental regulatory authorities are imposing strict regulations to curb environmental damage such as European Commission has initiated the REACH regulatory mechanism for the protection of human health and environment from the risks posed by chemicals, which favours the growth of the renewable chemicals market.

High cost of product serves a major restraint in the renewable chemicals market. The production technology used for producing these chemicals is relatively new and there is a limited production capacity for producing these chemicals, global production of these chemicals is yet to achieve economy of scale.

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Based on application, the renewable chemicals market is categorized into transportation, textiles, food safety, environment, communication, housing, recreation, health and hygiene, bio-medical, agriculture, and others. Owing to stringent government regulations, environmental awareness among people to use eco-friendly products are boosting the renewable chemicals market in environment, bio-medical, and agriculture categories.

The demand for renewable chemicals in the emerging nations such as China and India are limited and is in a nascent stage. However, owing to the vast market for chemicals in order to facilitate the production processes of manufacturing industry with minimum environmental pollution, the demand for environmental friendly chemicals will rise at a significant pace in these countries.

During the historical period, Europe accounted for a significant market share in the renewable chemicals market owing to the strict government norms which promotes the usage of environment friendly chemicals. However, APAC is expected to witnesses highest CAGR in the renewable chemicals market owing to growing demand for clean chemicals for supporting various manufacturing processes.

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Some of the major players operating in the global renewable chemicals market are BioAmber Inc., Genomatica Inc., Myriant Corporation, DuPont Tate & Lyle Bio Products Company LLC, Cobalt Technology LLC, BioMCN B.V., Yield10 Bioscience Inc., Corbion NV, NatureWorks LLC, and Mitsubishi Chemical Corporation.

Medical Elastomers Market Growth Factors, Applications, Regional Analysis, Key Players and Demand Forecast to 2024

The global medical elastomers market is mainly driven by factors such as  advancements in the thermoplastic elastomer (TPE) processing technology, growing demand for medical products incorporating elastomers, increasing government support, and rising awareness among people on improved healthcare   facilities.

Healthcare facilities, across the globe, are improving on account of increasing government initiatives, growing medical awareness and health concerns among people, and rising disposable income of people. This, in turn, is resulting in huge spending on the research and development of medical products that are more compatible and less harmful to the human body.
 

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Medical elastomers are versatile, engineered, and biocompatible materials that serve a wide range of applications in the healthcare industry, such as medical tubing, wrapping, and packaging. These materials demonstrate high elasticity and resilience.

Moreover, increased demand for these elastomers in emerging economies is expected to continue providing ample growth opportunities to the players in the medical elastomers market. This has also led to the establishment of new production lines or sites by various players in the Asia-Pacific (APAC) region.
 

                                             

Based on type, the medical elastomers market is categorized into thermoset elastomers (TSEs) and thermoplastic elastomers (TPEs). TSEs are further classified into liquid silicone rubber (LSR), high-consistency rubber (HCR), and others. TPEs, on the other hand, are further classified into thermoplastic polyurethane (TPU), styrene block copolymers (SBCs), and others. 

Based on application, the medical elastomers market is categorized into medical tubes, catheters, gloves, syringes, medical bags, implants, and others. The demand for these elastomers is increasing for medical tubes, as they do not contain harmful latex, PVC, or bisphenol A.

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Some of the major players operating in the global medical elastomers market are BASF SE, Celanese Corporation, DowDupont Inc., Eastman Chemical Company, Kuraray Co. Ltd., Mitsubishi Chemical Corporation, Momentive Performance Materials Inc., Polyone Corporation, Royal DSM, RTP Company, Solvay S.A., Teknor Apex, and Trelleborg AB.

Water Soluble Paints Market Overview, Market By Type, By Manufacturers, Regions Forecast to 2024

The water soluble paints market is majorly driven by its increasing use in building and construction and automotive sector owing to their good corrosion protection and high gloss properties, over other types. The growing population coupled with the increasing demand for residential and commercial buildings is expected to drive the growth of the market.

On the basis of type, the water soluble paints market is categorized into polyacrylate-based, polyester-based, alkyd-based, epoxy-based, and epoxy ester-based. Polyacrylate-based dominates the market owing to their good corrosion protection and high gloss properties, over other types.

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Pigments, resins, and solvents are some of the common raw materials used in the manufacturing of paints. The increasing prices of raw materials results in additional investment in the production process of paints and coatings.

The water soluble paints are expensive and have low drying rate, they have several advantages such as low toxicity, low VOC emission, and low fire hazard.

In the recent years, the prices of raw materials such as epoxy and titanium dioxide have risen significantly across the globe which has forced the leading paints and coatings producers to increase the prices of their products.

         

Globally, APAC is the leading region in the water soluble paints market, followed by Europe. The market is also expected to witness growth in the forecast period owing to the growing demand for renovation and repair of commercial buildings, houses, malls, and schools in the region.

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Some of the major players operating in the global water soluble paints market Akzo Nobel N.V., Asian Paints Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries Inc., The Sherwin-Williams Company, Valspar Corporation, Axalta Coating Systems Ltd., Benjamin Moore & Co., Berger Paints India Limited, Brillux GmbH & Co.KG, DAW SE., and EcoProCote.

Increasing Demand for Biodegradable Mulch Film Market to Push Global Market Revenue Growth During 2018 – 2023

Biodegradable mulch films are used to cover the top soil in order to provide a conducive environment for crop production and have become important for soil preservation. Thus, the biodegradable mulch film market is booming, as farmers are resorting to the use of these films to retain the quality of soil, thereby, driving the market growth.

On the basis of raw material, the biodegradable mulch film market is segmented into starch, polylactic acid, polyhydroxyalkanoate (PHA), and others. Of these, the fastest growth during the forecast period will be seen by PHA.

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On the basis of crop type, the biodegradable mulch film market is segmented into fruits and vegetables, grains and oil seeds, and flowers and plants. Among these, the fruits and vegetables category is expected to be the fastest growing crop type during the forecast period.

Globally, Asia-Pacific has been the largest biodegradable mulch film market till now. Its high consumption of in the region is attributed to the increasing population, which is creating a need to produce more crops.

Europe has been the second largest biodegradable mulch film market globally. In the European mulch films market, 95% of inorganic mulching includes the use of fossil-based and non-biodegradable materials that are mostly manufactured outside the region.

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Some of the major players operating in the biodegradable mulch film industry are AEP Industries Inc., AL-PACK Enterprises Ltd., Armando Alvarez Group, BioBag International AS, RPC bpi Group, Novamont S.p.A., RKW Group, and Yifan Pharmaceutical.

GLOBAL BIODEGRADABLE MULCH FILM MARKET SEGMENTATION

By Raw Material

• Starch
• Polylactic Acid
• PHA
• Others

By Crop Type

• Fruits & Vegetables
• Grains & Oilseeds
• Flowers & Plants

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
•  Latin America, Middle East and Africa (LAMEA)
  • Brazil
  • Argentina
  • South Africa
  • Rest of LAMEA

Polycarbonate Sheets Market Trends and Growth Rate, Product and Application Outlook to 2024

The global polycarbonate sheets market is mainly driven by the growing application of polycarbonate sheets in various end-use industries, such as automotive and transportation; electrical and electronics; and building and construction. These sheets impart structural, safety, and aesthetic features to automobiles.

The increasing use of these sheets in the form of ultraviolet (UV)-resistant roof panels in agricultural outbuildings, such as barns and greenhouses, is another factor driving the growth of the polycarbonate sheets market. The sheets used for this purpose can be single walled, which provide negligible light diffusion and less heat retention, or thin walled, which provide additional strength, more light diffusion, and improved insulation.

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Polycarbonate sheets or panels are lightweight and transparent materials with high impact strength, great elasticity, and high functionality at a wide range of temperatures. Some of the main applications of these

The growing use of these sheets in the medical industry for replacing high-priced resins, such as polysulfone, polyetheretheketone, polyphenylsulfone, and polyaryletherketone, in different devices is anticipated to provide potential growth opportunities to the players in the polycarbonate sheets market.

Based on type, the polycarbonate sheets market is categorized into solid, multi-walled, corrugated, and other sheets. The demand for multi-walled sheets is increasing owing to their light weight, high UV resistance, impact strength, and thermal insulation, and excellent transparency.

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Some of the major players operating in the global polycarbonate sheets market are 3A Composites GmbH, Arla Plast AB, Asahi Glass Co. Ltd., Covestro AG, Evonik Industries AG, Excelite, Mitsubishi Gas Chemical Company Inc., Plazit Polygal Group, Saudi Basic Industries Corporation (SABIC), Suzhou OMAY Optical Materials Co. Ltd., Teijin Limited, and Trinseo S.A.

Automotive Adhesives and Sealants Market Segmentation, Size, Share, Growth, Trends, And Demand Forecast to 2023

The Automotive Adhesives and Sealants Market growth is mainly driven by growing demand for lightweight vehicles, vehicle safety standards and regulations, and increasing vehicle production worldwide. Automotive adhesives and sealants are the substances that are used for various bonding and sealing applications in the automotive industry. These materials help in improving comfort, performance, reliability, and safety of vehicles.

On the basis of type, the automotive adhesives and sealants market is categorized into epoxy, acrylics, polyurethanes, rubber, polyvinylchloride (PVC), silicones, and hot melts. Silicones are expected to be the fastest growing type in the market, advancing at a CAGR of 6.0% in terms of volume, during the forecast period.

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Its fastest growth is attributed to the properties of silicones-based material in reducing vibrations and have high heat and temperature-resistance properties. Hence, these are widely used in the UTH and power train applications.

APAC is expected to continue being the largest and fastest-growing automotive adhesives and sealants market in the coming years. APAC is one of the major regions where the sales of vehicles is growing at a rapid pace.

According to the Economic Times, the region’s GDP growth rate will be between 6.0% and 6.5% in 2019. Owing to the growing GDP and per capita income, the sales of vehicles have witnessed high growth over the past few years.

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Some of the major players operating in the global automotive adhesives and sealants market are Henkel AG & Co. KGaA, DowDuPont Inc., Sika AG, PPG Industries Inc., 3M Company, H.B. Fuller Company, Permatex, Bostik SA, Illinois Tool Works Inc., EFTEC AG.

GLOBAL AUTOMOTIVE ADHESIVES AND SEALANTS MARKET SEGMENTATION

By Type

·         Epoxy

·         Acrylics

·         Polyurethanes

·         Rubber

·         PVC

·         Silicones

·         Hot Melts

By Application

·         BIW

·         UTH and Power Train

·         Paint Shop

·         Assembly

By Region

·         North America

·         U.S.

·         Canada

·         Europe

·         Germany

·         Spain

·         France

·         U.K.

·         Russia

·         Italy

·         Czech Republic

·         Rest of Europe

·         APAC

·         China

·         Japan

·         South Korea

·         India

·         Thailand

·         Indonesia

·         Rest of APAC

·         Latin America (LATAM)

·         Brazil

·         Mexico

·         Argentina

·         Rest of LATAM

·         Middle-East and Africa (MEA)

·         Saudi Arabia

·         South Africa

·         Rest of MEA