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Epoxy Tile Grout Market Report with Detailed Analysis and Forecast to 2028
18 de Agosto de 2022, 1:07 - sem comentários aindaMarket Overview
In 2018, the worldwide tile grout market esteem is enrolled as USD 2.2 billion and is supposed to show the tile grout market size of USD 3.8 billion with a rewarding CAGR of 6.8% during the figure time frame 2021-2028.
Tile grout is a kind of cement used to fill holes. It is in liquid structure. This grout is created from a combination of sand, water, and concrete which is utilized for pressure grouting, associating segments of precast cement, fixing joints between tiles, implanting rebar in workmanship dividers, and making up for shortfalls. To fill the huge holes like the centers of substantial blocks, tile grout is blended in with fine rock. Contrasted with other underlying glues like mortar or joint compound, grout performs better and gives great outcomes. At the point when the grout combination is accurately blended and applied appropriately, it frames a waterproof seal. This makes it water-safe for keeping away from staining.
Also, by confining the water entering through the holes of the tiles by filling them with grout, it helps in wiping out the danger of form and mold happening because of dampness. Around the world, tiles combined with floor coverings and rugs, overlays, and wood turns into a fundamental part in the development business. Thus the expansion in the development in both private and business exercises is raising the development of the market.
Regional Analysis -
Topographically, the Epoxy tile grout market is fragmented into five fundamental locales like Asia-Pacific, Europe, North America, South America, and the Middle East and Africa. Among them, Asia-Pacific is holding the biggest tile grout piece of the pie for the ascent in the structure and development ventures development and the presence of significant producers. Because of the business centers being overpopulated, there is an interest for new plug structures like business edifices which prompts the development of the tile grout industry. Also, because of the quick urbanization in the arising economies like China, India, and others are seeing the most elevated development rate around here.
Because of the presence of driving assembling organizations and simple availability of premium quality tile grout fixings in light of substance and material items, North America is ruling the worldwide market esteem. Rising interest for appealing and brightening items is impelling the development of the market around here. Because of the expansion in the development of new ventures, Europe is expanding its situation in the market during the estimate time frame.
Recent Developments
- In May 2019, one of the famous merchants Sika AG gained the worldwide assembling organization Parex which is a fabricator of tile glues, veneer mortars, and waterproofing mortars. The procurement of Parex benefits Sika AG to acquire major areas of strength for an in Parex's dissemination channels and furthermore starts new business open doors.
- In October 2018, a renowned enterpriser Sika AG presented the development SikaCeram cement range in the Indian market. This is utilized for tile and stone applications.
Segmentation Overview:
The worldwide tile grout market has been isolated into three portions in light of type, application, and district.
In light of Type
The tile grout market types are grouped into four fragments, for example, finely sanded grout, unsanded grout, quarry-type grout, and epoxy grout. Among them, the epoxy-grout market is holding the biggest piece of the pie for its various applications and a few advantages like strength, solidness, high synthetic obstruction, delivering it exceptionally flexible, and others.
In view of Application
The tile grout market by applications is trifurcated into private, business, and modern. Out of these portions, the private fragment is ruling the most noteworthy piece of the pie and is supposed to observe the most noteworthy development during the estimate time frame because of the public authority financing for lodging projects, quickly developing populace, fast urbanization, and solid monetary development. These elements lead to an expansion in the requirement for private structures around the world. Additionally, the developing discretionary cashflow and rising spotlight on tasteful qualities are expanding the quantity of private and private developments.
In light of Region
Area wise, the worldwide tile grout market was isolated into 5 important geologies like North America, South America, Asia-Pacific, Europe, and therefore the Middle East and Africa. Out of those districts, Asia-Pacific is ruling the most important piece of the pie for the enlargement within the development of building and development ventures and therefore the presence of serious producers around here.
Performance Coatings Market Share Drivers, Restraints, Opportunities, Threats, And Growth Forecast To 2028
16 de Agosto de 2022, 0:58 - sem comentários aindaMarket Overview
As per MRFR analysis, the performance coatings market will grow at a CAGR of more than 5.11 percent by the end of 2028, reaching roughly USD 62.58 billion. Performance coatings are widely utilized in environments where surfaces and structures require chemical resistance, increased abrasion resistance, and durability. They are made to meet the needs of their principal function, and that is to cover the material that they are covered with.
Performance coatings can be utilized in a range of end-use industries, automotive and transportation, including construction, industrial, marine, aerospace & military, and others, using diverse techniques such as solvent-based coating, water-based coating, and powder-based coatings.
The increase in requirement for performance coatings inside the automotive and marine sectors is the primary factor contributing to the growth of the worldwide performance coatings market.
The increasing use of performance coatings in the industrial sector is predicted to increase product sales in commercial textile production. Performance coatings are applied to rollers utilized in textile production that can endure high temperatures and are resistant to strong chemicals and abrasion.
The worldwide performance coatings market Share is experiencing a surge due to the enforcement of lockdowns around the world to combat the spread of COVID-19. The primary end-users of performance coatings, such as automotive and transportation, and the industrial industries, have also closed down manufacturing facilities, resulting in a global reduction in consumption of performance coatings.
As a result, demand for coatings nearly vanished during the evaluation period. It is unlikely to be restored until governments all around the world implement temporary policies.
Market Segmentation
The performance coatings market is divided into three sections: type, technology, and application.
By its type, it is segmented into Polyurethane, Silicone, Polyester, and Acrylic. By technology, it is divided into Solvent-based coating, Water-based coating, and Powder-based coating. By application, the division is Aerospace & Defense, Construction, Automotive & Transportation, and Industrial.
Regional Classification
North America: During the assessment period, the North American region is predicted to dominate the worldwide performance coating market growth. This expansion is likely to raise market demand during the projection period. The United States is one of the world's premier military powers and is expected to remain so. The increased requirement for compact military aircraft is likely to drive regional market growth. The worldwide military sector is predicted to grow at a CAGR of nearly 3% between 2021 and 2028, reaching USD 2.1 trillion before the end of 2028.
Europe: Due to the region's growing automotive, aerospace, and marine industries, the market in Europe is expected to see increasing demand for performance coatings.
Asia-Pacific: Lower raw material prices, a greater emphasis on environmentally friendly coatings, and more building activity in the region are some of the primary reasons driving the expansion of the performance coating market in Asia-Pacific. As a result, these variables are providing an optimistic opportunity for the worldwide performance coating market in the Asia-Pacific region in the near future.
Industry News
The high-performance coatings market is somewhat consolidated. Akzo Nobel NV, PPG Industries Inc., Daikin Industries Ltd, Hempel Group, and Sherwin-Williams Company are among the market's key participants.
nitric acid industry 2022 Top Manufacturers, Will Generate New Growth Opportunities by 2030
16 de Agosto de 2022, 0:28 - sem comentários aindaMarket Synopsis
Market Research Future speculates the global nitric acid market is estimated to register a 6.5% CAGR during the appraisal period (2022-2030) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is miscible in water and is a slightly yellow aqueous solution treated top remove most free nitrogen oxides.
Competitive Dashboard
- Koch Fertilizer LLC (US)
- PVS Chemicals (US)
- BASF SE (Germany)
- Nutrien Ltd (Canada)
- Orica Limited (Australia)
- The Chemours Company (US)
- LSB Industries (US)
- Apache Nitrogen Products Inc. (US)
- CF Fertilisers UK (UK)
- Incitec Pivot Limited (Australia)
- Kemcore (China).
Market Proportion and Pitfalls
The global nitric acid market is majorly driven by the fertilizer industry owing to the augmenting need for crop yield in order to meet the increasing population’s demand for food. With the extensive use of calcium ammonium nitrate and ammonium nitrate in fertilizers, the market for nitric acid manufacturer is estimated to widen throughout the assessment period. Ammonium nitrate is generally derived from nitric acid and is extensively used to manufacture fertilizers and explosives. With the augmenting demand from the defense industry due to use of explosives at the cross border area, nitric acid’s production has increased. Calcium ammonium nitrate is generally used as a fertilizer solution in the agricultural sector. It is also used to produce adipic acid. Adipic acid helps in the production of nylon 6.6 which is used in the automotive, tire, and textile industry. Such factors are highly influencing the nitric acid production across the globe. Additional factors promoting the market growth are the burgeoning industrial explosive market along with the increasing demand for construction and mining activities. Moreover, with the rising defense activities owing to the increasing terrorism, there has been a growing demand for explosives, which is further estimated to propel the market growth throughout the assessment period. Also, the growing need for fertilizer in order to meet the rising food demand is likely to gear up the market growth.
On the flip side, environmental mandates against the use of ammonium nitrate fertilizers are considered to impact the demand for nitric acid adversely. Being a polluting and a hazardous manufacturing process, government from across countries have posed strict regulations which are slowing down the overall growth of the market. Ammonium nitrate fertilizers result in the loss of nitrogen in the underground water owing to leaching and nitrification.
Global Nitric Acid Market: Segmental Insights
The global Nitric Acid industry has been segmented on the basis of application.
By mode of application, the global nitric acid market has been segmented into nitrobenzene, fertilizers, adipic acid, toluene diisocyanate, and nitro chlorobenzene. Among these, the fertilizers segment is estimated to dominate the global nitric acid market and is anticipated to retain its dominance. The growth is credited to the agricultural growth in economies such as China, India, and Brazil. With the increasing demand for food along with favorable support from the government is expected to stir up the nitric acid production capacity.
Regional Insights
Geographically, the nitric acid market spans across regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is considered to occupy the largest market share due to the augmenting chemical and fertilizers industry in this region. The region leads the global market and offers huge growth potential for nitric acid production owing to the continuous growth if textile, pharmaceutical, and fertilizer industry in economies such as India, China, and South Korea. Also, with the end-use industrial growth in several countries like India, South Korea, China, Japan, Vietnam, Thailand, Malaysia, and Bangladesh, the market in this region is expected to flourish. Additional factors gearing up the market growth are the increasing investment by major companies coupled with the shifting production facilities in this region.
The North American region is estimated to experience a moderate growth rate owing to the expansion of the pharmaceutical sector. On the other hand, the European region is predicted to generate a moderate growth rate due to the significant growth of textile and automobile industries.
Industry Updates
January 28, 2018: A subsidiary of Wahua Chemical Group, China, Casale and Borsodchem has recently signed a contract for supplying a new 660 tpd, nitric acid plant at the factory of Kazincbarcika situated in Hungary.
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masterbatch market size | Future with Key Competitors 2021-2028
16 de Agosto de 2022, 0:11 - sem comentários aindaSegmental Status
Type and application are the major segments considered in the MRFR report, in order to present an exhaustive understanding of the masterbatch industry.
Color, white, black, and additive are the market segments listed in the report, depending on the type. The color segment should be able to capture a growth rate of over 7% and could also touch USD 4,980.3 million by 2028. The color masterbatch segment is also expected to attain the top position in the years ahead.
Applications profiled in the market report include building & construction, electrical & electronics, consumer products, automotive, packaging, and more. Masterbatch has a wide range of applications in the automotive industry, and therefore, the latter has taken the lead and touched over USD 800 million in 2020. The segment is also presumed to procure a CAGR of around 7.0% in the years ahead.
Companies Profiled
Some of the strongest firms in the global market for masterbatch include Prayag Polytech (India), Clariant (Switzerland), DongGuan HengCai Plastic Pigment Ltd (China), RTP Company (US), Ampacet corporation (US), Americhem Inc (US), Schulman Inc (US), ALOK (India), Plastika Kritis SA (Greece), Cabot Corporation (US), POLYPLAST (Germany), PolyOne (US), Plastiblends (India), GABRIEL-CHEMIE Group (Austria), Astra Polymers (Saudi Arabia), GCR Group (Spain), Tosaf (Israel), Hubron International (UK) and many more.
The global market is extremely competitive and is marked by a number of global and local players. These players frequently indulge in exhaustive research and development activities and launch new and improved masterbatches in the market to bolster brand recognition as well as their rankings.
For instance, in February 2021, Sukano introduced its latest antimicrobial masterbatch named SUKANO that has numerous PLA applications. The new masterbatch helps eradicate bacteria along with several microorganisms from the surface. The company has also revealed that the new product has been proven effective in protecting against SARS-Cov-2 as well as Influenza H1N1.
Scope of the Report
Market Research Future (MRFR) believes that the Masterbatch Market size can touch a valuation of around USD 13,839.3 Million by 2028-end.
Regional Status
The highest gainer in the global market is Asia Pacific, as the region secured the largest share of around 39.1% in 2018. The market growth in APAC has remained unparalleled ever since, thanks to the dramatic expansion of the packaging industry as well as the advancing regulatory scenario pertaining to the automotive sector. The APAC market is also touted to capture a growth rate of more than 7.0% in the following years, while China should take the lead in the region while soaring at a rate of around 7.5% between 2021 to 2028.. A variety of polyethylene types like linear low-density polyethylene, high-density polyethylene, and low-density polyethylene are available in the region and continue to enjoy robust sales. Polyethylene is increasingly being used in the construction sector as a carrier polymer, while packaging and automotive are also emerging as major end-users in the regional market.
North America shows a lot of promise and the market size in the region could burgeon at a moderate rate of more than 6.0% from 2021 to 2028. By the end of 2028, the North American market is presumed to reach around USD 3,000 million, largely due to the significant industrialization in the region along with the booming sales of consumer goods. The escalating number of construction & building activities in the region will also ensure sustained market growth throughout the assessment period.
Top Boosters and Key Barriers
The packaging industry is currently thriving across the world, especially given the significant growth witnessed by the e-commerce sector over the years. Consumer goods manufacturers offer aesthetic packaging to garner consumer attention and bolster their sales. Different types of masterbatches are blended with various types of polymers to create attractive packaging, which helps boost the product demand. Several online retailers extensively use boxes as per the product that needs to be transported. The boxes that contain masterbatch ensure that the product remains safe throughout the transportation. With proper packaging turning into a prime focus area for e-commerce retailers, plastic masterbatch is touted to witness robust demand in the coming years, which should mean favorable prospects for the global market.
Another major end-user in the global market is the automotive industry, wherein the demand for plastic has risen considerably over the years. This could be due to growing focus on reducing the vehicle’s weight and improve its fuel efficiency. As a result, the demand for multiple types of plastics that have masterbatch additives along with useful properties has mounted significantly in the automotive industry.
Emerging regions such as Asia Pacific, particularly countries like Japan, China and India boast of large-scale production of various automobiles. The constantly burgeoning automotive industry across these countries will present lucrative opportunities to masterbatch companies in the coming years.
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Polyethylene Naphthalate Industry | Trend Shows A Rapid Growth By 2028
16 de Agosto de 2022, 0:02 - sem comentários aindaMarket Overview
Polyethylene Naphthalate finds its applications in beverage bottling, food packaging, electronics, rubber tires, and others. The beverage bottling and the food packaging applications are dominating the global polyethylene naphthalate market owing to the higher dimensional stability, enhanced barrier properties, and high temperature and chemical resistance. The product is excessively consumed in the packaging of beverages, which are vulnerable to oxidation, such as carbonated drinks, beer, and wine. It is also used in packaging of dairy products such as milk yogurt, condensed milk, buttermilk, and others. The use of the polyethylene naphthalate in food packaging and beverage bottling also increases the shelf life of the product. Thus, on account of the aforementioned factors food & beverage packaging is expected to account for the largest market share for polyethylene naphthalate in the global market. Furthermore, the growing use of polyethylene naphthalate in electronics & electrical industry to manufacture capacitors, cables, wires, optical devices, and others is anticipated to propel the market growth over the assessment period. The increasing demand for the product in the manufacturing of rubber tires is likely to propel the market growth in the automotive sector. The shifting trends towards the use of renewable energy sources is another underlying factor augmenting the product demand as it is used in solar cell protection.
Competitive Analysis
Some of the manufacturers operating in the global polyethylene naphthalate market are DuPont Teijin Films (U.S.), Sumitomo Chemical Co., Ltd (Japan), DuraFiber Technologies Inc. (U.S.), TORAY MONOFILAMENT CO., LTD (Japan), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), SKC Inc. (South Korea), SASA Polyester Sanayi A.S. (Turkey), Seiwa Inc. (Japan), Polyonics, Inc. (U.S.), Shell Global (U.S.), 3M (U.S), KOLON PLASTIC INC. (South Korea), DowDupont (U.S.), and GTS Flexible Ltd. (U.K).
Regional Analysis
The global polyethylene naphthalate Industry is segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the dominating region in the global polyethylene naphthalate market due to the high production and consumption of the product from major end-use industries such as food packaging, automotive, and electronics in the region.
Asia Pacific is expected to be the fastest emerging region owing to the easy availability of raw materials, shifting the focus of manufacturers to the region, and the high demand from end-use industries such as packaging, automotive, and electronics.
The high production and sales of automotive parts in Europe are anticipated to drive the polyethylene naphthalate demand in the region.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Polyethylene Naphthalate Market
Continue...
Market Segmentation
The global polyethylene naphthalate market is segmented by manufacturing process and application.
On the basis of the manufacturing process, the polyethylene naphthalate market is segmented into acid and ester.
The global polyethylene naphthalate market is segmented based on the applications as beverage bottling, food packaging, electronics, rubber tires, and others.
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