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Ammonium Phosphate Market 2021 : Development , Driving Forces, Opportunities & Future Potential 2028
June 20, 2022 4:16 - no comments yetAmmonium phosphate, an inorganic salt of ammonium and phosphate is a non-combustible substrate that decomposes at 155ºC to emit toxic fumes of nitrous oxide, phosphorus oxide, and ammonia. Among various types of ammonium phosphate, mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP) are commonly used in fertilizers, flame retardant, water treatment chemicals, food & beverages, and many others across the globe.
Needless to mention that the ammonium phosphate has garnered a huge market prominence, witnessing augmenting demand. Also, the market is expected to continue to attract massive investments which will escalate the market growth to furthering heights.
Acknowledging the kind of growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the ammonium phosphate market is estimated to accrue exponentially by 2028 posting a striking CAGR from 2021 -2028 while remaining highly attractive to draw substantial investments in the years ahead.
Ammonium Phosphate uses as a fertilizer possess around 40% of the market share of the market which is expected to grow further due to the augmenting uptake of fertilizers in the agricultural countries such as China, Brazil, and India.
Flame Retardant is the second largest application segment of ammonium phosphate which is expected to foster the market growth due to increasing demand from various industries for safety measurements. Furthermore, ammonium Phosphate is used as a yeast nutrient in winemaking and wead brewing, and for purifying sugar. Additionally, the increasing need for water treatment and growing demand in industrial applications are propelling the market growth.
On the flip side, the stringent regulations associated with the recovery for struvites, ashes, biochars, and pyrolysis products are estimated to restrict the overall market growth, especially in the developed regions.
Global Ammonium Phosphate Market - Competitive Analysis
The key players operating in the Ammonium Phosphate Market compete based on pricing, Technology, and services they strive to deliver the best quality products based on innovative technologies, and best practices. Ammonium Phosphate market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further.
Key Players:
Some of the eminent leaders of the market include Yara (Norway), Nutrien Ltd. (Canada), S.A. OCP (Africa), Coromandel (India), Haifa Chemicals Ltd. (Israel), Jordan Phosphate Mines Company Limited (Jordan), Prayon S.A (Belgium), Eurochem Group AG (Switzerland), Yidu Xingfa Chemical Co., Ltd. (China), Yunnan Yuntianhua International Chemical Co., Ltd ( China), Chemische Fabrik Budenheim KG (Germany), Innophos, Inc. (U.S.), Maaden-Saudi Arabian Mining Company (Saudi Arabia), Vinipul Inorganics Private Limited (India), and Forbes Pharmaceuticals (India).
Global Ammonium Phosphate Market - Regional Analysis
The Asia Pacific region accounts for the leading market for ammonium phosphate owing to the expansion of various applications such as water treatment, food & beverages, and fertilizers. Some of the APAC countries such as China, Vietnam, Japan, Malaysia, and India is driven by agriculture industry account for the largest consumers of ammonium phosphate, generating the huge demand.
Simultaneously, the high production and exportation of agrochemicals in countries such as China, Indonesia, Malaysia, and India, are expected to impact the market growth positively, during the review period. Simultaneously, the ever-increasing population along with the growing urbanization, and industrialization in the region are providing impetus to the market growth, prompting a greater demand for food and water. Also, the APAC region offers the cost-competitive land and labor force along with the ample availability of feedstock required for the production of the product which in turn, acts as a major driving force for the market growth in the region.
The North America market is emerging as a lucrative market for Ammonium Phosphate. The market is expected to witness an outstanding growth due to the extensive use of chemical fertilizers in the U.S. The US and Canada among the other North American countries account for the key contributors to the market growth in the region. Also, the constant expansion of the F&B and Water Treatment sector is one of the key drivers fostering the market growth.
On the other hand, the ammonium phosphate market in Europe is expected to witness restricted growth. The stringent regulatory framework is estimated to impede the market growth in the region during the assessment period. The joint proposal of ESPP for Fertilizer Regulation in EU which imposes stringent recovery rules for struvites, ashes, biochars, and pyrolysis products which is posing challenges to the market growth.
Industry/Innovation/Related News:
October 15, 2018 - ICIS (Independent Chemical Information Service), a business unit of Reed Business Information while reporting on the recent (24 September) increase in the US tariffs that imposes 10% hike on all fertilizer products and which is also due to increase up to 25% from 1 January 2019, assured that this increase is not likely to have any major impact on the China fertilizers market, even though the final list includes nearly all the crop nutrients produced in China.
The US tariffs list on Chinese goods include all fertilizers including diammonium phosphate (DAP) OR monoammonium phosphate (MAP), urea, ammonium sulphate (AS), ammonium nitrate (AN), urea ammonium nitrate (UAN).
October 11, 2018 - The Union Government of India increased the price of the di-ammonium phosphate (DAP) fertilizer by Rs 140 per bag, from Rs 1,250 to Rs 1,390. The DAP prices were Rs. 1,091 in January 2018, which have skyrocketed to Rs 1,390 and there are indications of the further increase in its price as well.
Specialty Tapes Market Scope With Key Players, Price And Forecast To 2027
June 20, 2022 4:03 - no comments yetRegulatory Analysis
The increasing regulations by the regulatory authorities such as the US Environmental Protection Agency, EPA (US), International Maritime Organization, IMO (UK), and European Commission (Europe) regarding emissions of volatile organic compounds is affecting the market growth. However, the players operating in the global Specialty Tapes Market are emphasizing on developing tapes that emit less VOCs.
Market Synopsis
The Global Specialty Tapes Market is expected to register a CAGR of 6% and cross USD 62 Billion by 2027. The demand for specialty tapes is primarily driven by the widespread use in electronic appliances owing to the superior benefits offered which include improved electrical insulation and resistance to heat & chemicals. Growing automotive industry in the developing markets with increased spending on automobiles coupled with rising per capita disposable income is expected to propel the market growth.
Segmentation
By Resin Type: By resin type, specialty tapes can primarily be categorized into acrylic, rubber, and silicone.
- Acrylic- It was the largest and fastest-growing segment in the global Specialty Tapes Market in 2020 due to its general applicability and strong bonding capability as well as its ability to withstand high temperatures. They do not lose their functionality even after prolonged exposure to UV lights as well as to chemical agents, further enhancing their usability. Acrylic foam tapes are being widely used in numerous applications including automobiles to mount automobile parts, logo, and accessories; white goods, and construction among others.
- Rubber – It offers excellent insulation and sealing with the ability to withstand high temperatures. It is relatively cheap and highly used in the electrical & electronics and automotive industries.
- Silicone- It is resistant to tearing and have controlled elongation making it ideal to seal hard to reach places. The quick sealing also makes it very useful for filed repairs.
By Backing material: Backing material adds many qualities to the specialty tapes and is responsible for the increased specialization within the specialty tapes market. Based on backing material, the specialty tapes market has been segmented into polyvinyl chloride (PVC), woven/non-woven, paper, polyester (PET), foam, polypropylene, metal, glass cloth, polyethylene, and others.
- Polyvinyl Chloride (PVC)- PVC backed tapes was the largest and fastest-growing segment in the specialty tapes market in 2018 and is expected to register a significant growth during the review period on account of widespread use in electrical & electronics, automotive, and aircraft industries. PVC possesses superior flame retardant, chemical resistance, and electrical insulation properties.
- Woven/Non-woven tapes- Woven/Non-woven was the fastest-growing segment in the global specialty tapes markets. Woven tapes are difficult to tear while non-woven tapes can be easily torn, even by hand. Non-woven backed tapes are used in the automotive industry. It also finds use in the healthcare industry due to their comfort and ease of tearing. Non-woven cloth tapes possess good noise and vibration absorption properties.
- Foam tapes- Foam tapes are excellent at dampening vibrations and noise with the added ability to adapt to rough substrates and compensate for the different expansion factors making them suitable for use in numerous applications particularly electrical & electronics and printing.
- Paper- Paper backed specialty tapes provide suppleness and can be easily stretched. Paper tapes can be made using material such as kraft, crape, and recyclable paper. Paperbacked tapes offer superior benefits which include eco-friendliness, wide color range, good holding power, and good heat insulation.
- Metal - Metal backed tapes offer unparalleled electric conductivity and the ability to withstand high temperatures. They are widely used in electronic appliances and electric equipment to act as heat barriers.
- Glass- Glass backed tapes are employed in high stress and temperature environments due to their abrasion resistance, high tensile strength, and high-temperature resistance properties.
- Polypropylene and Polyethylene- Polypropylene and Polyethylene backed specialty tapes offer excellent tear and abrasion resistance and provide bonding at low temperatures.
- Polyester- Polyester backed tapes are durable and have extreme chemical resistance while being flexible, which makes them suitable for use in numerous applications which includes electronic appliances and printing & laminating industries.
- Others- The segment includes proprietary film, ionomer, industrial protective film backed specialty tapes.
By Application: Based on application, the global specialty tapes market can be segmented into electrical & electronics, healthcare, automotive, consumer goods, paper & printing, building & construction, retail & graphics, aerospace & defense, marine, and others.
- Electric and electronics- Electrical & electronics segment accounted for the largest share of the global specialty tapes market in 2018 and is expected to grow at a significant CAGR during the review period. The market growth can be attributed to the superior properties of the specialty tapes. Expanding electrical and electronics industry with increased spending on portable consumer electronics and white goods coupled with rising per capita disposable income and changing living standard.
- Healthcare- Healthcare was the fastest-growing segment in 2018 owing to rapid growth of the healthcare industry in the developing market coupled with growing aging population and rising hygiene awareness.
- Automotive- Automotive segment accounted for around 14% share of the specialty tapes market. Growing automotive production in the developing economies is expected to boost the market growth in the coming years.
- Consumer Good- Rapid growth of the fast-moving consumer goods industry as a result of easy access and changing lifestyle is likely to propel the market growth.
- Paper & Printing- Growth of the retail sector is driving the demand for packaging materials and thus, printed papers. Thus, expanding packaging industry is likely to support the market growth at a healthy rate.
- Building & Construction- Expanding building & construction industry with increased spending on residential construction activities across the globe is bolstering the market growth.
Geomembranes Market Revenue Opportunities, Demand and Forecasts, 2021- 2028
June 20, 2022 3:53 - no comments yetMarket 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 Revenue 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.
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automotive coatings market share Business Strategies, Sales and Share Estimation Analysis 2030
June 20, 2022 3:04 - no comments yetThe global automotive coatings market is looking forward to robust growth and is projected to attain nearly USD 25 Billion by the end of 2030, unveils Market Research Future (MRFR) in a detailed research report. The move towards the development of light-weight vehicles and low-temperature curing are driving the global automotive coatings market. Various factors have supported the growth of the global automotive coatings market. The rise in the number of global car sales purveyed by rising disposable income, especially in the developing countries is a primary factor contributing towards market growth. Low cost of financing and cheaper fuel price have also increased the degree of vehicle ownership in emerging markets. The trend of replacement of old cars posts the global recession has resulted in the purchase of new cars which too has acted as a bonus for the market growth. To sustain intense competition, automakers are exploring materials to create multi-substrate designs and light-weight cars. Development of compact paint processes by key players to achieve sustainability targets has also augmented the growth of the market. Modern automotive coatings provide long-lasting protection and improve longevity which in turn contributes to sustainability. However, coating in the car manufacturing process is one of the most cost and energy-intensive process which has the most significant environmental footprint as well. This has encouraged regulatory authorities in various countries to impose restrictions on certain materials in automotive coatings. Powder automotive coatings have emerged as a solution to this problem since it is a solvent-free method of coating and does not release any volatile organic compounds. Powder automotive coatings have been gaining traction and is expected to provide opportunities for market expansion.
Segmentation
The global Automotive Coatings Market share has been segmented based on product, substrate, technology, and resin type. By product, the market has been segmented into primer, basecoat, electro-coat, and clear coat, and others. By substrate, the market has been segmented into metal, plastics, composites, and others. By technology, the market has been segmented into water-borne, solvent-borne, powder, and radiation curable. By resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.
Competitive Landscape
The prominent players in the global automotive coatings market include BASF SE (Germany), Kansai Paint Co.,Ltd.. (Japan), Jotun (Norway), PPG Industries, Inc. (U.S.), Arkema SA (France), Clariant (Switzerland), Cabot Corporation (U.S.), Bayer AG (Germany), Axalta Coating Systems (U.S.), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), Berger Paints India Limited (India), Koninklijke DSM N.V. (Netherlands), and The Sherwin-Williams Company (U.S.).
Regional Analysis
The global automotive coatings market spans across the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is leading the global automotive coatings market since Asia Pacific has been taking an increasing share of global vehicles sales. Fast GDP growth, rise of the middle class and replacement of old vehicles in the region support the growth of the market in APAC. India, Japan, South Korea, China, and Malaysia are the key contributors to the APAC automotive coatings market. North America is the second largest market for automotive coatings. The US is the largest consuming market for automotive coatings, and high sales of vehicles, especially luxury cars in the region favor the growth of the automotive coatings market. Europe is another profitable market for Automotive Coatings. Majority of automotive manufacturers have their manufacturing base in Europe which makes Europe a worthwhile market. The U.K., France, Germany, Italy, and Belgium are the major contributors to the Europe automotive coatings market. The Middle East & Africa market is expected to exhibit substantial growth over the forecast period due to improving economy and increasing industrialization in the region.
Industry Updates
- In September 2018, BASF, German chemicals, and specialty materials unveiled a new modular lab for automotive coatings in Munster, Germany. The new lab would assist car makers in Europe in development of new coating solutions.
- August 2018- Ferrari, the Italian luxury sports car maker, has come up with a new low-bake automotive coating technology in partnership with PPG, an American supplier of paints, coatings, and specialty materials. The two-component paint system allows the car to be baked which enhances the paint's toughness to water and other contaminants.
Heat Resistant Coatings Market Analysis Report 2021 – Market Size Demand, Price and Forecast till 2028
June 20, 2022 2:33 - no comments yetRegulatory Framework
ASTM standards under ASTM D248-18 offer standard test methods for evaluating coatings for high temperature service. The method covers the evaluation of the heat-resistant properties of coatings designed to protect steel surfaces exposed to elevated temperatures during their service life for interior and exterior coatings.
Under defined temperature settings, ISO 3248:2016 provides a method for testing the resistance of single coatings or multi-coat systems of paints, varnishes, or related materials to changes in gloss and/or colour, blistering, cracking, and/or detachment from the substrate.
Market Forecast
According to MRFR analysis, the global Heat Resistant Coatings Market Analysis is expected to reach a value of over USD 8 billion by 2028, with a CAGR of around 5.1%.
Heat resistant paint and coatings are specialised coatings that can withstand high temperatures while also offering corrosion protection. They were created to protect surfaces that are subjected to extreme heat and fast temperature fluctuations. High-temperature paint can withstand temperatures of up to 700°C.
Heat resistant coatings can be an epoxy phenolic, silicone, epoxy novolac, silicone, or a more specific multi-polymeric matrix..
Competitor Analysis
Some of the key players operating in the global heat resistant coatings market include include AkzoNobel N.V. (Netherlands), Sherwin Williams Company (US), PPG Industries Inc. (US), Axalta Coating Systems (US), Jotun A/S (Norway), Hempel A/S (Denmark), Kansai Paints Co., Ltd (Japan), KCC Corporation (South Korea), RPM International Inc. (US), and Tikkurila OYJ (Finland).
Segmentation
By Application
- Based on application, the global heat resistant coatings market has been segmented into automotive & transportation, industrial, consumer goods, building & construction, and others.
- Heat resistant coatings are utilized in thrust cage bearings, wheel assemblies, brake clips, door strikers, exhaust gaskets, and gas filler tubes in the automobile sector. In the aerospace sector, it is used for turbine engines, blades, combustion liners, compressor casings, nozzles, pistons, and pumps, among other things.
- In the manufacturing, military, petrochemical, and power industries, high-temperature resistant coatings are commonly used for pipelines, fireproofing, jet engines, offshore rigs, original equipment, and different plants/facilities that use high-temperature processes.
- Restaurants, hospitals, institutions, and residential buildings, as well as HVAC systems, employ heat resistant coatings. The increasing construction industry in emerging nations, with more residential and commercial constructions, notably in India and China, as well as rising living standards and disposable budgets, is driving the heat resistant coatings market.
- These coatings are widely used in home applicances, furniture, fan, refrigerators, bicycles, etc.
- Others segment include agriculture, medical, storage tanks, chemicals, among others.
By Resin Type
- On the basis of resin type, the global heat resistant coatings market has been segmented into silicone resin, epoxy resin, acrylic resin, polyester resin, modified resin, and others.
- The most commonly used resins are silicone resins which makes films that are heat resistant, weatherable, dielectrically conductive, and water repellent. They also come in a variety of consistency options, ranging from high-viscosity liquids to solids. Silicone resins are used to increase the durability, safety, and dependability of paints and varnishes, as well as electrical and other applications.
- Epoxy coatings are organic polymers created by chemically mixing epoxy resins with co-reactants/hardeners/curatives. Because of their great impact and abrasion resistance, epoxy coatings are employed in oilfield, offshore, and petrochemical plant applications.
- Acrylic coatings have many advantages, including quick-drying and high gloss capability. They make great adhesion-promoting primers. Acrylics often require fewer ingredients and can increase the coated product’s corrosion resistance.
- Polyester powder coatings are solvent-free and are electrostatically applied on conductive coating substrates, mostly metals. Thermosetting powder coatings rely only on heat for melting, flow, and curing, with temperatures ranging from 150 to 200°
- Silicon alkyd, elastomer modified acrylic resins, and other modified resins are some of the most common. Silicone acrylics are single-package air-dry paints that keep their colour and gloss between 350 and 400° Silicone alkyds, on the other hand, are air dry paints that come in a single container and have similar colour and gloss retention.
- Others segment include alkyd, phenolic, polyurethane, vinyl-acrylic resin, PTFE resin, among others.
By Region
- North America: Regional growth for heat resistant coatings in North America is driven by the enincreasing investment in automotive and aerospace sector. The region’s total construction spending recovered and peaked at USD 1.57 trillion in July 2021, a record high for the series and 12% higher than 2019 average levels.
- Asia-Pacific: Asia-Pacific emerged as the fastest-growing regional market. Factors such as improving economic conditions along with fast-paced urbanization and industrialization are driving the global market growth. The construction industry in Asia-Pacific has been booming, thanks to expanding manufacturing and service sector infrastructure, rising home building, and increased government spending on public works.
- Europe: The construction industry is vital to the European Union's economy. The sector employs 18 million people directly and accounts for about 9% of the EU's GDP. It also generates new jobs, stimulates economic growth, and addresses social, environmental, and energy issues.
