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isocyanates market share Perspective, COVID-19 Impact Analysis, and Forecast 2030
August 15, 2022 22:39 - no comments yetMarket Synopsis
As per the analysis conducted by Market Research Future (MRFR), the global isocyanates market is estimated to procure the market value of USD 37,906.6 million, while growing at a CAGR of 7.03% during the evaluation period from 2020 to 2027. The extensive application of diisocyanate in methylene toluene diisocyanate (TDI) and diphenyl diisocyanate (MDI) is estimated to be one of the most significant factors expanding the global isocyanates market in 2027.
The growing demand for energy-efficient and lightweight construction materials is likely to enhance market growth during the forecast period. Further, the growing environmental concerns are projected to increase the demand for rigid polyurethane foams globally. The market is also anticipated to benefit from the development of high-efficiency bio-based isocyanates, along with the increasing investment in R&D. In addition, the fast expansion of the flourishing building and construction industry, with the rising demand for residential construction, is projected to be a significant factor in market growth during the forecast period. Besides, the increased demand for primary end-use industries like furniture, automotive, building and construction, and electrical and electronics are anticipated to fuel the market at a global front. Also, the emerging economies are projected to play an efficient role in fueling the market in the forthcoming period.
Market Segmentation
The segment analysis of the global Isocyanates Market share is done by type, application, and end-use.
The type-based segments of the global isocyanates market are aromatic diisocyanates, aliphatic, and others.
The application-based segments of the global isocyanates market are rigid foam, flexible foam, paints & coatings, adhesive & sealants, elastomers, binders, and others
The end-user based segments of the global isocyanates market are building & construction, furniture, automotive, packaging, electronics, footwear, and others.
Regional Analysis
Based on the region, the global market for the isocyanate shortage is segmented into Europe, Asia-Pacific, North America, Latin America, and the Middle East and Africa.
As per the analysis, the APAC region dominated the global market by acquiring a notable market share of 47.80% in 2017. Further, the region is projected to expand at the highest CAGR with a substantial market value of USD 18,800.4 million by 2023. The presence of developing countries like India, China, Japan, and their constant effort to advance their countries with strapping urbanization and industrialization are predominant factors strengthening the regional market. Further, the magnification of industries such as automotive in India and China is predicted to boost the regional market efficiently. Also, the growing disposable income in developing countries is estimated to strengthen the regional market further.
The second position is projected to be taken by Europe. Europe acquired a market value of USD 5,788.0 million in 2017 and propelled at a significant CAGR. The market may be negatively impacted owing to the strict environmental regulations and sluggish growth in end-use industries.
North America is likely to witness a decent record during the forecast period owing to the increased regulatory intervention from agencies such as EPA regarding environmental and health impact associated with MDI and TDI.
On the other hand, the MEA is estimated to procure the least market share owing to the presence of underdeveloped economies.
Key Players
The renowned players of the global isocyanates market are Metsui Chemicals America, Inc., Asahi Kasei Corporation, Evonik Industries AG, DowDuPont, Inc., LANXESS, Tosoh Corporation, BASF SE, Covestro AG, Wanhua Chemical Group Co. Ltd, Vencorex, Cangzhua Dahua Group Co. Ltd, Huntsman International LLC, Komho Mitsui Chemicals Corp, Ltd, Anderson Development, and China National Bluestar (Group) Co.
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Automotive Refinish Coatings Market Size Future, Solutions, User Prospects And Forecasts To 2030
August 15, 2022 22:22 - no comments yetAutomotive refinish coatings are special paints used in renovating existing or old vehicles. It is primarily driven by lack of maintenance by vehicle owners and rise in number of accidents. The global automotive refinish coatings market report compiled by Market Research Future (MRFR) by analysts with substantive research covering pertinent factors, trends, opportunities, and challenges for the period between 2022 and 2030 (forecast period).
Segmentation
The global Automotive Refinish Coatings Market Size is segmented by resin, product type, technology, and vehicle type.
By resin, it is segmented into acrylic, alkyd, epoxy, and polyurethane.
By product type, it is segmented into primer, basecoat, clearcoat, activator, and filler and putty.
By technology, it is segmented into water-borne coatings, UV-cured coatings, solvent-borne coatings, powder coatings, and high solid coatings.
By vehicle type, it is segmented into two-wheelers, commercial vehicles, and cars.
Regional Analysis
The Middle East & Africa (MEA), North America, Latin America, Asia Pacific (APAC), and Europe are regions covered in the global automotive refinish coatings market report.
The APAC region is expected to grow due to the rapid industrialization from Malaysia, South Korea, China, India, and Japan. Other factors influencing regional market growth include increased purchasing power of consumers, awareness among the populace regarding maintenance and protection of vehicles, and rising urbanization. Rapid development of roads in China as well as procurement of vehicles can benefit the global automotive refinish coatings market growth.
North America can contribute to the global automotive refinish coatings market due to rising demand for passenger vehicles in the U.S. Growing need for customization, repair, and maintenance in the coming years can drive the global market growth. Europe can grow due to presence of large automotive manufacturers in the region as well as buying power of consumers in Belgium, France, U.K., Italy, and Germany.
The MEA and Latin America regions can drive the global automotive refinish coatings market due to steady industrialization and urbanization among the countries in the respective regions. Sale of luxury vehicles in Dubai as well as the growing oil & gas industry in countries of the MEA can benefit the market.
Industry News
BASF SE has invested in a new automotive refinish technology facility which will start production by 2022. It is situated in Jiangmen, South China.
Competitive Outlook
Covestro AG, Berger Paints India Limited, PPG Industries, Inc., Nippon Paint, The Valspar Corporation, 3M, Kansai Paint Co., Ltd, Mitsui Chemicals, Inc., The Lubrizol Corporation, Akzo Nobel N.V, Axalta Coating Systems, LLC, BASF SE, KCC Corporation, The Sherwin-Williams Company, Esdee Paints Limited, and KAPCI Coatings are prominent players of the global automotive refinish coatings market.
Market Scope
The global automotive refinish coatings market is expected to thrive at 5.75% CAGR during the forecast period to achieve a valuation of USD 10.3 billion by 2030. The resurgence of the automotive sector as well as the large production of cars globally is projected to fuel market growth. Rising GDP of nations and increased purchasing power of consumers can positively impact the market. The increasing number of vehicle collisions can also work in favor of the global automotive refinish coatings market.
Investments in high-end and luxury cars can be lucrative to the market growth. Entry of strong brands as well as diverse range of cars can bear fruit for the global automotive refinish coatings market. The trend of modifications and need for customized designs are factors which can have a positive impact on the market. Awareness of the protective nature of these paints against scratches and damages on vehicle surfaces can augment the market size till 2030. Manufacturers are providing additional training to servicing units and refinishing stations due to introduction of new paints and substrates.
However, restrictions imposed on volatile organic compounds (VOCs) emissions and environment concerns are factors which can impede market growth.
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Anti-Microbial Coating Market Share 2021 Industry Growth Analysis, Segmentation, Future Demand and Outlook To 2028
August 15, 2022 22:17 - no comments yetMarket Overview
Increasing concerns for cleanliness in end use industries is estimated to propel market demadn for antimicrobial coatings market. Owing to rising concerns in human being for acquired infections from medical equiments in hospitals, the demadn for antimicrobial coatings is bolstering medical industry. Antimicrobial coatings are nowadays replacing powerful cleaning chemicals, and disinfectants used in medical industry. Surgical equipments in healthcare is prominently driving the demadnof antimicrobial coatigs in healthcare industry. Antimicrobial coatings are used to inhibit spread of germs and bacteria among medical professionals, and patients. Growing per capita spending on healthc are is estimated to fuel antimicrobial coatings demand in healthcare industry. Increasing stringent regulation for medical device coatings is antcipated t to propel market demand for antimicrobial coating s demand in healthcare industry.
Apart from healthcare industry, food processing industry is another major end-user of the Antimicrobial coatings market Share. Increasing production is fueling the overall demadn for antimicrobial coatings across the globe. Growing disposable income and,, food demand are tehe major factors driving global antimicrobial coatings demadn in food processing industry.
Apart from healthcare & food processing indutries, construction, textile, and marine industry are estimated to be the end-use industry driving demand of antimicrobial coatings across the globe. Recently, there is upsurge in demand from residential and commercial buildings is observed. The antimicrobial coatins are used in residential and commercial buildings in order to minimize indoor air polution. Growing concerns for maintaining indoor air quality is catalysing market demand mainly in developed markets in Europe & North America. Need to preserve materials for prolong period during transportation, and stringent regulations are estimated to be the major driving factors for global antimicrobial coatings market
Among different materials used in antimicrobial coatings namely, silver, copper, organic, and polymeric silver materials are widely used invarious industry. Moreover, in near future the materials are antcipated to witness increased growth.
Based on geography, global market is classified as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Among various regions North America and Europe are the leading regions in terms of market share the high market share in the region is attributed to the high per capita spending in healthcare and food. Asia-Pacific is estimated to be th emerging market with highest growth rates.
Regional analysis
The major regions in the Anti-Microbial coating market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asia-Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness a huge growth in the market due to the increasing healthcare infrastructure, expanding food industry. The market in the Middle East & Africa will grow due to the rising healthcare expenditure. Latin America will also be expected to moderate the demand for antimicrobial coating companies due to the increasing infrastructural development in this region.
Industry/ Innovation/ Related News
Jan 2017: Kastus technologies, an Irish startup launched two antimicrobial coatings products. The irist start-up company recently attracted hige investment to produce and market its products. The product launch has highlighted the focus of stratupe on product innovation. Its relatively new entrant in the market and high focus on innovation.
Feb 2017; Foster Corporation launched a new microbial masterbatch coat for the medical device industry. The company has introduced the novel product that can be blend with medical device polymers and is marketing under brand name Combat. The development is in line with the overall market trend to focus on innovation to cater prominent end-use industry.
Sept 2016; BASF SE, one of the leading chemical company launched antimicrobial admixture for concrete protection under the brand name, ‘Masterlife AMA 100’. The development underlines the focus on the manufacturers for providing application specific products. The market leader is expected to stimulate the interests of followers for providing application specific products.
Competitive Analysis
Major companies in the global Antimicrobial Coatings market are the leading paints & coating companies such as PPG, AkzoNoble ,and RPM international. Companies are competiting and investing in R&D for developing better, efficient, and novel products. This market has relatively low barrier for new entrants. Market entrants with a major focus on innovation been observed in recent years. For instance Kastus, a Turkish manufacturer which has focus on product innovation has recently entered into the market.
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Magnetite Nanoparticles Market Size | Research Insights, Leading Players, Current Trends And COVID-19 Impact Analysis
August 15, 2022 22:07 - no comments yetKey Players
Chemicals, Inc. US Research Nanomaterials, Inc. American Elements Nanoshel LLC Merck KGaA Nanocomposix, Inc. Reade International Corp. Cytodiagnostics, Inc. SkySpring Nanomaterials, Inc. Nanografi Nano Technology
Market Synopsis
According to MRFR analysis, the global magnetite nanoparticles market Size is expected to reach over USD 112.43million by the end of 2027 at a CAGR of 10.9%.
Magnetite nanoparticles—synthesized from magnetite (Fe3O4) iron ore—exhibit super magnetic property at ambient temperatures. These nanomaterials are witnessing growing interest from the biomedical research sector due to their biocompatibility and their super magnetic properties. Scientists have undertaken various research activities to explore the potential application of magnetic nanoparticles in cancer treatment, microfluidics, in vivo imaging, and drug delivery. Furthermore, the possible use of magnetic nanoparticles to improve data storage systems in the electronics industry is expected to boost the product demand over the forecast period.
Segmentation
By Application
This segment is divided into bio-medical, electronics, wastewater treatment, and others.
- Bio-medical: Bio-medical application segment is expected to progress at the fastest growth rate over the forecast period. Growing research activities in the bio-medical sector to explore the potential use of magnetite value in cancer treatment and drug delivery applications is projected to be the primary factor in boosting the segment growth.
- Electronics: The electronics segment is expected to account for a significant share in the global magnetite nanoparticles market by 2027.The growing product adoption in the nanoelectronics industry as nanowires, spintronics, and quantum dots isanticipated to drive the growth of this segment.
- Wastewater treatment: The wastewater treatment segment is expected to grow significantly over the forecast period. The growing adoption of magnetite nanoparticles in high gradient magnetic separation (HGMS) techniques for wastewater treatment is projected to drive the segment growth.
- Others: The other segment consists of energy and chemical processing, among others.
By Region
- North America: The North American magnetite nanoparticles market is being driven by rising product demand for research applications from its well-established bio-medical research industry.
- Europe: Europe is projected to grow at a significant pace on account of increasing financial support to nanomaterials research activities within the region.
- Asia-Pacific: Asia-Pacific is anticipated to emerge as the fastest growing market by 2017. The potential adoption of magnetite nanoparticles in the region’s well established electronics industry is expected to be one of the major factors driving the regional market.
- Latin America: Significant investments in nanotechnology research activities are anticipated to provide a major boost to the product demand.
- Middle East & Africa: Growing adoption of MRI imaging is projected to provide a major boost to the demand for magnetite nanoparticles within the region.
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Syngas Industry Research Report 2020 Global Demand And Forecasts To 2027
August 15, 2022 22:00 - no comments yetOverview
The global syngas market is expected to grow at a higher rate. As per a report by industry experts, the market is set to register a higher compound annual growth rate (CAGR) of 9.65% in the coming years. The market is projected to reach a higher value by the end of 2027. The global demand for synthesizers is expected to rise at a faster rate. The market is set to post a higher compound annual growth rate (CAGR) of 9.65 percent in the coming years, as per a report by industry experts. By the end of 2027, the demand is expected to hit a higher size. For the estimated time period, the study includes a business outlook up to 2027. For the period 2020 to 2027, the market research study takes into account the current state of the syngas market and its industry developments. It gives a comprehensive overview of many market growth prospects, drawbacks, and metrics. The report presents the market with both quantitative and qualitative data.
Market Segmentation
The Global Syngas Industry Research Report provides a comprehensive market segment based upon many categories, including feedstock, process, application, and gasifier. The need for syngas is rising among end-user industries due to high demand, an increasing need for energy management, more buying capacity, the growth of underground coal gasification technologies, and demand for syngas as an intermediate. People are gradually selecting syngas-based goods and services around the country-level markets of North America, Europe, APAC, and the rest of the world. Syngas share of the market is projected to hold a greater share of the global market due to strong interest from new ventures across bigger countries and expanding international markets.
Other initiatives are expected to even further fuel demand across multiple consumer segments, particularly rising consumer purchase capacity and extensive product development in the syngas market.
The global syngas market has been segmented based on feedstock, process, application, and gasifier. On the basis of process, the market for syngas is segmented based on steam reforming, partial oxidation. Additionally, the market on the basis of application, is segmented into, steam reforming, partial oxidation. The global market for syngas is also covered based on the gasifier segment which is further split into fixed bed and entrained bed. Additionally, the market is further segmented based on feedstock into biomass, plastic waste, and petroleum coke.
Regional Overview
The Asia-Pacific regional market is predicted to contribute the Syngas Market growth in terms of sales over the forecast period due to the increasing need for gas being used in the development of various chemicals, market development and technological advancements across global firms in the syngas market.
Depending on big markets that are further divided into country-level markets, the worldwide market for syngas producer has been segregated to carry out analysis and offer regional-market specific information to major manufacturers located across the syngas market. North America, APAC, Europe, and the rest of the globe are the main regions covered in the study. Country-level markets for syngas are seeing rapid growth in the United States, Mexico and Canada. Moreover, the synthesis gas demand in Europe is distributed around France, Germany, Italy, UK, Spain and the rest of Europe. The Arab World, Latin America, and Africa are other key major syngas markets that have also been studied for conducting syngas market research.
Industry News
The hydrogen specific analyzer HY-OPTIMA 2745 is the newest device launched by H2scan for its Friday revealed HY-OPTIMA product range. H2scan, a major provider of validated patented sensors and technology for the utility and commercial sectors, has developed the device to provide hydrogen level measurements in syngas without cross-sensitivity to high CO levels.
Competitive Landscape
The prominent key players in the syngas market trends are the following:
- Air Products and Chemicals, Inc (US)
- Air Liquide (France)
- The Linde Group (Germany)
- Sasol (South Africa)
- Shell (Netherlands)
- Synthesis Energy Systems, Inc. (US) and
- Yankuang Group (China)
Customer profile for Syngas
- Methanex (Canada)
- Yara International (Norway)
- BASF SE (Germany) and
- HELM AG (Germany).
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