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Polymethyl Methacrylate (PMMA) Industry Revenue and Share Study Analysis to 2030
August 15, 2022 21:26 - Pas de commentairePolymethyl methacrylate (PMMA) is a polymer used as a substitute for glass. It possesses characteristics of weather resistance, scratch resistance, and transparency. The global polymethyl methacrylate market report by Market Research Future (MRFR) contains valuable insights and challenges to be faced by end-users for the period 2022 to 2030 (forecast period). The outbreak of COVID-19 has led to a surge in medical equipment and the market demand during this pandemic has been highlighted and explored in detail.
Market Scope
The global polymethyl methacrylate market size can expand multifold owing to massive demand for lightweight automotive components. The automotive industry is expected to be one of the biggest end-users and drive market demand owing to regulations pertaining to carbon emissions. The use of the polymer in headlights & taillights, windows, windowshields, and sun visors can drive its demand in the industry. Development of optoelectronics as well as its application in panel lighting and light-guide films can encourage market growth.
The construction sector and its investments in various building projects can fuel the demand for PMMA. Public-private partnerships in the construction industry and inflow of capital are drivers of the construction industry. Commercialization of different grades of eco-friendly PMMA can be lucrative for the market in the coming years.
Segmentation
The global polymethyl methacrylate (PMMA) Industry is categorized on the basis of type and application.
On the basis of type, the market is segmented into beads, pellets, extruded sheets, and cast sheets.
On the basis of the application, the market is segmented into automotive, electronics, signs & displays, construction, and others.
Regional Analysis
The global polymethyl methacrylate (PMMA) market is segmented into five regions, Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).
APAC has emerged as the leading regional market driven by a surge in automotive production coupled with rising construction spending. The strong growth of LED flat screens in India, China, Japan, Thailand, South Korea, Indonesia, and Malaysia is touted to remain the key driving factor for market growth. Rise of smart TVs and other consumer electronic products owing to heavy consumption of content online and on cable can drive the market demand for PMMA exponentially.
Europe followed APAC in terms of demand. Strong demand for facades in the region is expected to drive regional market growth. PMMA can find high demand in the construction industry due to its long-lasting shelf life and superior aesthetics. UV protection, availability in varied colors, and easy casting are some of the prominent features driving its usage in the European construction industry.
Latin America is predicted to witness above-average growth rate due to the expansion of construction and automotive industries. This can be attributed to the move by major automotive companies establishing their respective manufacturing bases in the region. In addition, global sports events such as the Rio Olympics and upcoming Central America and Caribbean Games is anticipated to increase the product demand. Construction of new stadiums and modernization of public infrastructure can be deemed pivotal in fueling the global PMMA market growth.
Competitive Landscape
The major global companies playing a key role in the Polymethyl methacrylate market are :
- Arkema SA (France)
- Mitsubishi Rayon Co. Ltd. (Japan)
- Sumitomo Chemical Co. Ltd. (Japan)
- CHI MEI Corporation (Taiwan)
- Evonik Industries AG (Germany)
- Kolon Industries, Inc. (South Korea)
- Polycasa N.V. (Belgium)
- Saudi Arabia Basic Industries Corporation (Saudi Arabia)
- Asahi Kasei Corporation (Japan)
- Gehr Plastics, Inc. (U.S.)
- Kuraray Group (Japan)
- The Dow Chemical Company (U.S.)
Geomembranes Market Size 2021 Industry, Sales and Consumption Status and Prospects Research report
August 10, 2022 8:22 - Pas de commentaireMarket Analysis
Geomembranes are amid the fastest growing under the geosynthetics market. The global geomembranes market is anticipated to touch a noteworthy USD of 4.05 billion at a stunning 9.5% CAGR during the forecat period (2021-2028). A geomembrane is a synthetic barrier or membrane liner having low permeability. It is used with materials associated to geotechnical engineering for controlling gas or fluid migration in a system, structure or project. It is generally used where loss of materials is not allowed such as hazardous materials, soil, vapor, wastewater, clean water or other substances which does not require to escape from its designated space. Owing to its alluring features and noteworthy benefits, geomembrane is largely used in an array of industries with the goal of containment. It is used in verticals namely construction, transportation, mining, energy, agriculture and other industrial waste and water management industries. Geomembranes help to line highways, roads, sewers, pipeways, tunnels, dams, landfills, canals, ponds and other applications that need steadfast retention of gases and fluids. Also, it helps in preventing erosion, leakage, water contamination, protection against the sun and is guaranteed to contain whatsoever wastes or liquids one’s application may need.
There are a couple of factors that is driving the growth of the geomembranes market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increased environmental concerns, rigorous environmental regulations, latest developed standards for building codes and commercial structures, inception of innovative technologies, efficient practice of geomembranes application and need to safeguard infrastructure and water bodies. On the flip side, factors such as fluctuating prices in raw materials, fall in demand for waste management and mining applications and high cost of research and development are likely to hamper the growth of the global geomembranes market.
Market Segmentation
Market Research Future report provides a comprehensive segmental analysis of the Geomembranes market Size on the basis of types, technology, applications and end user.
Based on types, it is segmented into PP, EPDM, PVC, LLDPE, HDPE and others. Of these, the HDPE segment is anticipated to have the maximum share in the geomembranes market owing to its suitability in myriad applications.
Based on technology, the geomembranes market is segmented into laminations, cast film, blown film and others.
Based on application, it is segmented into oil and gas, canals, water storage, mining, waste and landfills and others. Of these, the waste management section had the maximum market share with regards to volume due to rising demand for geomembranes especially in the waste management applications mostly landfill liners.
Based on end users, the geomembranes market is segmented into building and construction, petrochemicals, industrial packaging, water management, agriculture, aquaculture and others.
Regional Analysis
Based on region, the geomembranes market covers growth opportunities and latest trends across North America, Europe, APAC, Latin America and Middle East & Africa. Of these, Asia Pacific holds the lion’s share in the geomembranes market owing to its growing demand in different end-user industries such as building and construction, agriculture, water management and aquaculture particularly in China which is followed by India and Japan. Europe occupies the second position followed by North America. The factors that can be accounted for the growth of this market in the North American region include the large applications of geomembranes manufacturers in oil and gas canals, water storage, mining, waste and landfills and others in different industries. The Middle East and Latin America too witnessed a favorable growth in the geomembranes market owing to the different types of geomembranes.
Competitive Analysis
The global geomembranes market is competitive and fragmented. The key players in this market have tried different tactics such as acquisitions, partnerships, joint ventures, agreements, expansions, product launches and others to make their mark and boost their footprints within the market.
Key Players
Leading players profiled in the geomembranes market include Firestone Building Products Company, LLC (US), Colorado Lining International, Inc. (US), NAUE GmbH & Co. KG (Germany), Agru America, Inc. (US), Officine Maccaferri S.p.A (Italy), Plastika Kritis S.A. (Greece), Solmax International, Inc. (Canada), Carlisle SynTec Systems (US), Atarfil SL (Spain), and GSE Environmental, LLC (US).
Jan 2019- Layfield Geosynthetics has disclosed the launch of the VaporFlex Premium geomembrane which has been specially designed for offering gas barrier of an ultra-low permeability in various geo-environmental applications. These include leachate collection ponds, geofoam wrap, landfill capping, odor control covers, brownfield barriers, contaminated soil remediation, containment and gas barriers.
Neopentyl Glycol Market Perspective, Comprehensive Analysis, and Forecast 2021 – 2028
August 10, 2022 8:14 - Pas de commentaireThe global neopentyl glycol market is segmented by type, application, end-use industries, and region.
Neopentyl glycol is available in various types including flakes, molten, and slurry. The type to be used is determined on the basis of the conditions specified for manufacturing and application. The molten type neopentyl glycol is used in saturated polyesters, unsaturated polyesters, and esters for powder coatings, gel coats, reinforced plastics, and synthetic lubricants respectively. The molten form is leading the market due to its wide consumption for manufacturing powder coatings, which emit less VOC. The slurry or suspension form is 90% neopentyl glycol by weight in water and is transported at a temperature ranging from 50–70ºC. The slurry form allows rapid esterification and high chemical & thermal stability. The neopentyl glycol flake is shipped at below 30ºC to prevent cake formation.
The application segment includes coatings, adhesives & sealants, insulation, plasticizers, fibers, agrochemicals, fuel additives, dyes, emollient, and others. Among these applications, the coatings emerged as the leading segment due to high demand from construction, automotive, aerospace, shipbuilding, and other industries. This can be attributed to the corrosion resistant nature and high thermal stability of neopentyl glycol manufacturers. The demand for neopentyl glycol based adhesives & sealants is increasing due to their durability, stability, moisture & chemical resistance, and heat-resistant properties. Moreover, its usage in automotive insulation and agrochemicals is another factor propelling the product demand.
On the basis of the end-use industries, the market is segmented into paints & coatings, automotive, construction, chemicals, plastics, textiles, pharmaceuticals, cosmetics & personal care, and others. The paints industry is dominating the market owing to its use for applications such as powder coating, can & coil coating. The product is highly consumed for the manufacturing of adhesives & sealants and additives used in construction and automotive, which is expected to drive the market growth further. Also, it is used as a dye in the textile industry, which is likely to augment its demand over the review period. Growing opportunities for the product in pharmaceuticals such as the production of ibuprofen drug for generic diseases are likely to propel the market growth. The increasing penetration of personal care products as skin-conditioner and viscosity increasing agent is projected to augment the market growth over the assessment period.
Competitive Analysis
- BASF SE (Germany)
- Celanese Corporation (U.S.)
- Eastman Chemical Company (U.S.)
- LG Chem (South Korea)
- MITSUBISHI GAS CHEMICAL COMPANY
- OXEA GmbH (Germany)
- Perstorp Orgnr (Sweden)
- Polioli S.p.A. (Italy)
- Oleon NV (Belgium)
- Shandong Dongchen New Technology.
Regional Analysis
Regionally, the global Neopentyl Glycol Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific was leading the global neopentyl glycol market in 2020 on account of the high demand for manufacturing paints & coating, which are further used in automotive and construction industries. Moreover, the rising demand for neopentyl glycol in agrochemicals, textiles, and personal care products is expected to spur the market growth during the forecast period 2020-2027.
The high demand for neopentyl glycol as an additive in the powder coatings for resistance and stability led the North American market in 2020.
The European market is projected to witness a moderate growth due to the demand from automotive production in Western Europe.
Sodium Chloride Market 2021 | Upcoming Technology, Opportunities, Revenue and Forecast To 2028
August 10, 2022 8:06 - Pas de commentaireSodium chloride is universally known as common salt and used in excess quantities by various end-use industries. It is generally obtained by evaporation of seawater or brine via vacuum evaporation or solar methods. It is produced in large quantities to serve the demands of wastewater treatment, chemicals, and oil & gas. The global sodium chloride market report by Market Research Future (MRFR) outlines several pertinent factors, drivers, opportunities, and drawbacks for the period between 2020 and 2027 (forecast period).
Segmentation Analysis
The global Sodium Chloride Market has been segmented on the basis of type, manufacturing process, grade, and application.
Based on type, the global sodium chloride market has been classified into rock salt, solar salt, and others (brine and vacuum). Solar salt is expected to be the biggest segment throughout the forecast period owing to applications in foods & beverages.
By manufacturing process, the global sodium chloride market has been bifurcated into solar evaporation and artificial evaporation. Solar evaporation is projected to be the fastest growing segment during the forecast period owing to its ease in processing due to abundance of electricity gained from renewable energy plants.
On the basis of grade, the global sodium chloride market has been categorized into food grade, pharmaceutical grade, and technical grade. Technical grade was the leading segment in 2018 and will continue its dominance till 2025 due to demand for technical grade sodium chloride in water softening and drilling fluid applications.
Based on application, the global sodium chloride market has been segmented into water conditioning, chemical intermediates, animal feed additive, de-icing, flavoring agents and food preservatives, agriculture, pharmaceutical ingredient, drilling fluids, and others. Chemical intermediates accounted for the largest market share in 2018 and estimated to exhibit a stupendous CAGR during the forecast period due to the utilization of NaCl in chlor-alkali chemicals such as caustic soda.
Competitive Outlook
The Henrique Lage Salineira do Nordeste, Maldon Crystal Salt Co, ICL Fertilizers, Dow, Cargill, Incorporated, Dominion Salt, Compass Minerals, K+S AKTIENGESELLSCHAFT, Rio Tinto Limited, Tata Chemicals Ltd, Morton Salt, Inc, jinleichem, and Akzo Nobel N.V. are reputed companies currently operating in the global sodium chloride market.
Market Outlook
The global sodium chloride market size can touch a value of USD 21.3 billion by 2027 while exhibiting a CAGR of 3.4% during the forecast period. Applications in de-icing and production of chlor-alkali products such as chlorine, soda ash, and caustic soda can drive the market demand to new heights. In addition, de-icing of snow in countries with cold climes and low cost of raw materials can drive the market demand.
The application of salt in preservation of pickles and processed meat can further the global sodium chloride market growth. Massive demand for salt in pharmaceutical and animal feed can create massive lucrative opportunities of growth for the market. Easy availability and production of salt in coastal countries will allow producers to shift their strategies to create vertical units and drive up the market volume of sodium chloride cost.
However, high intake of massive amounts of NaCl and production complexities encountered during its storage can prove challenging for the market.
Regional Analysis
The Middle East & Africa (MEA), North America, Europe, Latin America, and Asia Pacific (APAC) are major regions in the global sodium chloride market.
The APAC region is presumed to dominate the global market during the forecast period owing to growing industries of oil & gas, animal husbandry, medical, and agriculture. Due to the presence of large salt-water bodies, abundance of salt, and consumption of flavoring agents can bolster the sodium chloride market growth. China is one of the biggest producers of NaCl due to applications in chlor-alkali, water softening, and drilling fluids.
Hydrazine Hydrate Market Size Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2027
August 10, 2022 7:43 - Pas de commentaireHydrazine hydrate is an inorganic chemical compound, produced by reacting sodium hypochlorite with ammonia or urea. It is highly toxic and corrosive in nature and may react explosively with heavy metal oxides and dehydrating agents. The product is used as a reducing agent in analytical reactions and as a solvent for many inorganic compounds. It is also used as a propellant for rocket engines.
The global hydrazine hydrate market has been classified on the basis of concentration level, application, and region. Based on the concentration level, the global hydrazine hydrate market can be divided into 24%-35%, 40%-55%, 60%-85%, and 100%. Among these, hydrazine hydrate with a concentration in the range 60%-85% accounted for the largest share in 2020 and is expected to grow at the highest CAGR during the forecast period, owing to its widespread applications in the production of veterinary drugs and blowing agents, chemical synthesis, and polypropylene catalysts. In addition to this, the product finds application in the manufacturing of hydrazine salts from inorganic acids.
Based on application, the global hydrazine hydrate market has been segmented into agrochemicals, pharmaceuticals, polymerization and blowing agents, water treatment, and others. Among these, the polymerization and blowing agents segment accounted for the largest market share in 2020 and is expected to retain its dominance during the assessment period, owing to the surging demand for the product in polymer applications in electronic gadgets, automobile, and footwear industries. Hydrazine hydrate derivatives, such as azodicarbonamide and azobisisobutyronitrile are widely used as polymerization initiators and low temperature blowing agents. The agrochemicals is expected to grow at a healthy CAGR in the coming years owing to the large consumer base and surging demand for fertilizers, insecticides, and pesticides.
Market Segmentation
The global Hydrazine hydrate market Size has been categorized on the basis of concentration level, application, and region.
On the basis of concentration level, the global hydrazine hydrate market has been segregated into 24%-35%, 40%-55%, 60%-85%, and 100%.
By application, the global hydrazine hydrate market has been segmented based on agrochemicals, pharmaceuticals, polymerization and blowing agents, water treatment, and others.
The global hydrazine hydrate market has been studied for five key regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Regional Analysis
Geographically, the global hydrazine hydrate market has been studied across the five regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market held the largest share of this market in 2017 and is expected to grow at a robust CAGR during the forecast period. This was attributed to the rising consumer demand for agrochemicals, and polymerization and blowing agents in this region. In 2017, China was the largest market in this region owing to the presence of major manufacturers such as Weifang Yaxing Chemical Co., Ltd., Hunan Zhuzhou Chemical Industry Group Co., Ltd., and Capot Chemical Co., Ltd. The Indian market is expected to grow at the highest CAGR in the coming years due to the rising agri-business, large consumer base, and increasing per capita income. The European market is the second major market due to the growing demand for hydrazine hydrate in corrosion inhibitors, a reducing agent, water treatment, and pharmaceuticals. The major countries attributing to the regional market growth are Germany, Switzerland, and France.
Competitive Analysis
- Otsuka-MGC Chemical Company Inc.
- Japan Finechem Inc. (Japan)
- NIPPON CARBIDE INDUSTRIES CO. INC.
- Arkema Group (France)
- LANXESS (Germany)
- Lonza (Switzerland)
- Weifang Yaxing Chemical Co. Ltd.
- Capot Chemical Co. Ltd. (China)
- Anbros Consultants And Engineers. (India)
- Arrow Fine Chemicals (India)
