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Rolling Stock Industry Growth Factors Analysis Report to 2027
April 4, 2022 11:51 - no comments yetThe Global Rolling Stock Market is set to exhibit a compound annual growth rate (CAGR) of 4.9% from 2020 to 2027 asserts Market Research Future (MRFR) in its latest report. It is projected that Europe and Asia-Pacific (APAC) are expected to emerge as the two major growth markets during the forecast period. The rolling stock market in Europe is characterized by a large number of market players, which makes it highly competitive. Many of the players have superior knowledge in freight technology, which gives them a competitive edge. In Asia, the market growth is primarily driven by the exponential growth of transportation across the region. The region is home to two of the most densely populated countries – China and India that are in need for efficient and cost-effective transportation solutions. Local policymakers have been supportive of the development of transportation infrastructure. Investment have continued to grow in developing robust metro and inter-city trainsets and main line locomotives.
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Regional Segmentation
Some of the key regions covered in MRFR report include North America, Latin America, the Middle East & Africa (MEA), Asia Pacific (APAC), and Europe. The Europe market is expected to remain highly attractive during the forecast period. Given the vastness of railways in the region, rolling stock demand remain strong in the region. However, the sector is undergoing tremendous transformation owing to policy reforms, integration of new technologies, and implementation of environmental laws. The growing emphasis on electric mobility is creating unique opportunities for electric variants. German remains a key market for rolling stock in Europe, the country is home to several renowned rolling stock manufacturers. Some of the factors such as favorable policies, a stable business climate, presence of several companies with expertise in freight technologies puts Germany in a superior position in the global rolling stock market.
Segmental Overview
The segmental analysis of the global Rolling Stock Industry has been conducted on the basis of type, train type, and product type.
On the basis of type, the market has been segmented into electric and diesel. The diesel segment is expected to maintain its dominant position throughout the assessment period. The strong requirement for high-torque engine in rail freights continues to drive the segment’s growth. Based on train type, the market has been segmented into passenger tail and rail freight. The rail freight segment is expected to remain highly attractive during the forecast period. Rail freights play an important role goods transportation operation worldwide. The global demand for rail freights is expected to remain high over the next couple of years. Industrial growth in regions such as Asia, the Middle East, and Latin America has reflected favorably on the demand for rail freights. Based on product type, the market has been segmented into locomotive, rapid transit vehicle, and wagon. The wagon segment represents a significant share of the global market in terms of revenue. Wagons are used extensively for transporting cargo.
Competitive Landscape
Some of the key companies operating in the global rolling stock market include
- Construccionesy Auxiliar de Ferrocarriles,
- S.A (CAF) and Electro-Motive Diesel (EMD),
- Bombardier, Hitachi, Ltd,
- Hyundai Rotem Company,
- Kawasaki Heavy Industries Rolling Stock Company,
- Transmashholding,
- GE Transportation,
- Stadler Rail AG,
- Siemens, Alstom,
- CRRC Corporation Limited
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Industry News Updates
- Spain-based rail solution developer ConstruccionesyAuxiliar de Ferrocarriles, S.A (CAF) has reportedly purchased 100% stake in EuroMaint, a rolling stock maintenance service company. The acquisition saw CAF splash out approximately €80m.
- HS2 Ltd has reportedly received five bids for the estimated £ 2.75 Bn railway contract for the U.K. The contract will include designing, manufacturing, and maintenance of the country’s High Speed 2 train fleets.
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Polymethyl Methacrylate Industry Current And Future Trends, Demand And Business Strategies, Leading Key Players And Forecast 2030
April 4, 2022 11:45 - no comments yetMarket Overview
The global market for polymethyl methacrylate is poised to grow stronger during the forecast period (2022-2030), forecasts Market Research Future (MRFR). The market size will be influenced in the coming years by many factors such as rapid digitalization of rural areas driving the need for attractive advertising options in the retail industry. This leads to PMMA demand in signs & displays, lighting, and similar applications. Also, the healthy growth of major end-use industries such as electronics and automotive has triggered the market growth globally. Other applications of PMMA include interiors and furniture, fashion and apparel, solar panels, medicine and healthcare, and sanitary ware. Moreover, the market volatility is prompting many PMMA manufacturers to apply innovative ideas to open up new application possibilities for the global market, such as in the field of automotive glazing or wood-acrylic composites. PMMA also possesses some highly favorable properties such as high strength, durability, resistance to chemicals and weathering, and ease of processing, hence making them highly essential in several industries.
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However, PMMA is a weak material and is quite brittle, a fact that could be particularly damaging to the market growth. Despite threats, the market is set to grow by leaps and bound due to many major market players, in response to increasing demands, constantly investing in projects to expand their customer base and enhance the quality of the products in several parts of the globe. These players include Asian companies like Chi Mei in Taiwan and China and Mitsubishi Rayon in Korea. Moreover, the strategic activities such as partnerships and collaborations entered into by many players cannot be sidelined. For instance, in 2012, Ampaglas Plastics Group (South Africa) and Evonik Industries entered a joint venture and founded the joint venture Evonik Acrylics Africa (EAA) for the extrusion of PMMA semi-finished goods.
Market Segmentation
The global Polymethyl methacrylate Industry is segmented on the basis of type, application, and regions.
By type, the market is segmented on the basis of extruded sheets, pellets, cast sheets, and beads. The extruded sheets segment is leading among other segments owing to robust demand for high-performance sheets in various industrial sectors. Moreover, excellent thickness tolerance provided by extruded sheets make them ideal for applications that require complex shapes. Furthermore, these sheets also cost-efficient as they are produced using longer and economical techniques.
By application, the market is segmented on the basis of signs & displays, construction, automotive, electronics, and others. A wide array of polymethyl methacrylate pipe materials are used for low & passive energy buildings. Hence, PMMA is extremely essential in the construction sector. In construction, PMMA is also used in door panels and window and door profiles. On the other hand, PMMA is highly suitable for large displays as well as spherical displays, as they enhance the aesthetic appeal of the display screens.
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Regional Analysis
By regions, the global market is split into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Among all regions, the market in Asia Pacific has emerged into a formidable entity, leading the global market due to a striking surge in automotive production along with rising construction spending. The strong growth of light emitting diode (LED) flat screens sales, particularly in countries such as China, India, Japan, South Korea, Thailand, Indonesia, and Malaysia. In addition, the rise of smart TV’s in the past few years has further fueled the consumption of PMMA in the electronics industry. Furthermore, PMMA manufacturers in the region are expanding continuously by embarking on various projects along with constant technological innovations keeping in mind environmental issues. For instance, Mitsubishi Rayon (Lucite) developed the C2-Alpha technology, in which ethylene, methanol, and carbon are used instead of acetone, HCN, and isobutylene, thus minimizing by-products and waste.
Just behind Asia Pacific is the region of Europe that makes huge demand for PMMA. Massive demand for glazing and facades in the region is presumed to fuel the regional market growth. UV protection, availability in varied colors, and easy casting are some of the prominent features driving its usage in the construction industry in Europe. Also, regional market players are continuously developing methods to increase the impact-resistance for PMMA so that it can be used in even more parts of a vehicle, such as in bumpers. In addition, growing population and high disposable income are bound to spur the LED flat screen TV market in the region, which will augment the PMMA market in Europe in the coming years.
Latin America is also predicted to grow on an above-average rate on the back of sturdy growth of the construction and automotive industry. With major automotive companies establishing their manufacturing bases in the region, the demand for PMMA is expected to quadruple at a remarkable rate.
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Key Players
Some of the key players striving to make a mark in the global polymethyl methacrylate market include Polycasa N.V. (Belgium), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Asahi Kasei Corporation (Japan), 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), Gehr Plastics, Inc. (U.S.), Kuraray Group (Japan) and The Dow Chemical Company (U.S.) and others.
An artist by the name of Martin Barraud will be putting up sculptures made of Perspex Clear acrylic in communities and businesses across the UK. This will take place in a World War I memorial artwork aimed to raise USD 1.96 million to help veterans. The fundraising campaign will kick-start in venues such as St Pancras Station in London and the Tower of London. Perspex is among several trade names of poly methyl methacrylate that is lightweight and is a shatter-resistant alternative to glass, making it ideal for its usage in sculpture.
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Flock Adhesives Market Share 2020 : Future Trends Analysis, Worldwide Business Overview by Top Manufacturers and Sales Revenue Forecast to 2027
April 4, 2022 10:34 - no comments yetMarket Analysis
The global Flock Adhesives Market is expected to touch USD 3,275 million by 2023 at a 6.04% CAGR over the forecast period (2020-2027), states the new Market Research Future (MRFR) report. Flock adhesives, simply put, are chemically formulated products that are used in flocking, where several tiny particles are deposited on the textile surface. It is done for improving the product/substrate’s overall characteristics that translate to better texture, appeal, and appearance. Different methods are used for applying flock adhesives such as silk-screen, dipping, spraying, and brushing. It is selected depending on the desired finish and characteristic properties. Some of the key characteristics of flock adhesives include pigmentation, solvent resistance, wash-ability, flame retardancy, flexibility, among others.
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Various factors are propelling the flock adhesives market growth. These factors as per the new Market Research Future (MRFR) report, include growing applications across different end user industries such as packaging, printing, textiles, and automotive, growing demand for luxury products and coated fabrics, shift in consumer preference towards decorative and high-quality products, and rising expenditure and per capita income. Additional factors propelling market growth include increasing utilization of alternative materials, especially in automotive exterior and interior applications to improve fuel efficiency and reduce emissions, growing automotive industry, and increasing use of light-weight materials by OEMs to comply with the strict environmental regulations.
On the flip side, the volatility of prices may deter the flock adhesives market growth over the forecast period.
Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the Flock Adhesives Market Share on the basis of source, application, and type.
Based on source, the flock adhesives market is segmented into solvent-borne and waterborne adhesives. Of these, the waterborne segment will have the largest share in the market over the forecast period. It is predicted to touch USD 2,412.2 million by 2023.
Based on application, the flock adhesives market is segmented into printing, paper and packaging, textile, automotive, and others. Of these, the automotive segment will lead the market over the forecast period.
Based on type, the flock adhesives market is segmented into epoxy, acrylic, polyurethane, and others. Of these, the polyurethane segment will dominate the market over the forecast period. It is predicted to touch USD 1,366.8 million by 2023.
Key Players
Leading players profiled in the flock adhesives market report include
- Union Ink (US),
- International Coatings Company (US),
- Stahl Holdings BV (The Netherlands),
- KISSEL + WOLF GmbH (Germany),
- Lord Corporation (US),
- Bostik SA (US),
- DowDuPont Inc. (US),
- Sika AG (Switzerland),
- H.B. Fuller (US),
- Henkel AG & Co. KGaA (Germany).
Key players have adopted different strategies for creating a foothold in the market, such as partnerships, mergers and acquisitions, collaborations, research and development, and more.
October 2019: Panacol has launched a new UV adhesive, Vitralit 7311 FO. This orange fluorescent adhesive is certified as per the USP Class VI standards, thereby making it ideal for various medical devices. The transparent, low viscosity acrylic adhesive will offer excellent bond strength to different plastics such as ABS, PMMA, PVC, PC, and others, along with other materials, including stainless steel and glass.
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1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.1 Scope Of The Study 18
2.2 List Of Assumptions 18
2.3 Market Structure 19
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 24
Continue...
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Regional Analysis
By region, the flock adhesives market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the Asia Pacific will dominate the market over the overcast period. Factors aiding growth in this region include the expanding automotive industry and the growing textile industry in China and India.
The flock adhesives market in North America is predicted to have a healthy growth over the forecast period chiefly due to the burgeoning demand for flock adhesives from the automotive sector.
The flock adhesives market in Europe is predicted to have a notable growth over the forecast period. Factors aiding growth in this region include the steady demand from the automotive industry, coupled with the burgeoning demand for luxury products.
The flock adhesives market in the MEA and Latin America are predicted to have a steady growth during the forecast period.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Antimicrobial Plastics Market Share 2020-2027 Development Status And Scope
April 4, 2022 10:27 - no comments yetMarket Overview
The antimicrobial plastics are the special type of polymeric materials that are treated with antimicrobial agents or additives such as silver, copper, zinc, triclosan, and oxybisphenoxarsine. These types of plastics exhibit an ability to inhibit the growth of microorganisms such as bacteria, fungi, or protozoans and are highly engineered to mimic antimicrobial peptides, which are used by the immune systems of living organisms to kill bacteria and other pathogens. The untreated plastic products are largely prone to attack by microbes which may cause discoloration, bad odor, and rapid degradation of the plastic materials. According to the MRFR analysis, the global antimicrobial plastics market was valued at USD 30 billion in 2018 and is projected to register a considerable CAGR of 8% during the forecast period, 2020–2027. The growing popularity of antibacterial polymer packaging, especially in the medicine, healthcare, and food industry and rising concerns pertaining to the prevention of contamination risk in medical equipment are expected to fuel the demand for antimicrobial plastics during the forecast period. The emergence of popular eco-friendly concept “Construction Microbial Biotechnology”, which uses low cost, sustainable, and microbial cement, grouts, polysaccharides, and bio-plastics is expected to offer significant growth opportunities for the players operating in the global market. However, fluctuating raw material prices and stringent government regulations pertaining to the usage of plastics are likely to hamper the global market growth during the assessment period.
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Key Players
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Lonza (Switzerland)
- Polyone Corporation (US)
- Microban International Ltd. (US)
- PARX Plastics N.V (The Netherlands)
- King Plastic Corporation (US)
- BioCote Limited (UK)
- Sanitized AG (Switzerland)
- Americhem Inc (US)
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Market Segmentation
The global antimicrobial plastics market has been segmented on the basis of additive, type, application, and region.
On the basis of additive, the global market has been divided into silver, copper, zinc, triclosan, oxybisphenoxarsine, and others. Among these, the silver segment held the largest market share in 2018 due to its significant antibacterial properties, and high resistance and toxicity towards fungi, germs, algae, and other microbes. However, the antimicrobial property of silver does not have any negative impact on humans, unless excessively consumed.
Based on type, the global Antimicrobial Plastics Market Share has been categorized into commodity plastics, engineering plastics, and performance plastics. The commodity plastics segment has been further sub-segmented into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polymethyl methacrylate (PMMA), polyurethane (PU), and polyethylene terephthalate (PET). The engineering plastics segment has been further categorized into acrylonitrile butadiene styrene (ABS), polyamide (PA), polycarbonate (PC), polyoxymethylene (POM), and others. The commodity plastics accounted for the major market share in 2020 owing to the growing use of these types of plastics in almost all the major end-use industries, such as automotive, packaging, and building and construction.
By application, the global antimicrobial plastics market has been divided into packaging, healthcare & medical, food processing & handling equipment, sports & recreational equipment, automotive, consumer goods, building & construction, and others. Among these, the packaging segment was the largest consumer of the product in 2020 and is projected to register a considerable CAGR during the assessment period. This is attributed to the growing demand for antimicrobial plastics in food, medical, healthcare, and packaging applications.
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Regional Analysis
Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five key regions studied for the global antimicrobial plastics market. North America accounted for the largest market share in 2020 owing to the surging demand for the product in medical and food packaging applications. The US is expected to be the major contributor to the regional market growth on account of the growing demand for antimicrobial plastics in the leading end-use industries such as packaging and medical.
The market in Europe is closely following North America, in terms of market share. This is mainly attributed to the rapid growth in the demand for the product in automobile and healthcare applications. The Asia-Pacific market is expected to witness rapid growth during the forecast period on account of rising healthcare spending by the governments. The Middle East & African and Latin American markets are expected to exhibit healthy CAGR during the forecast period. This is mainly attributed to the sizeable growth potential of these regions on account of rapid industrialization and increasing construction activities.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email:sales@marketresearchfuture.com
Alpha-Methylstyrene Market Share 2020 Current Status And Top Manufacturers 2027
April 4, 2022 10:20 - no comments yetOverview:
Alpha-methylstyrene (AMS) is an insoluble colorless liquid with an aromatic odor. AMS is obtained as a by-product in the manufacturing of cumene-phenol process. To obtain high purity AMS, it undergoes purification by continuous distillation at reduced pressure to remove phenol, cumene, and other impurities. It is widely used as a copolymer to synthesize different monomers such as benzene and acrylates.
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On the basis of purity, the global alpha-methylstyrene market has been bifurcated into <99% and >99%. The <99% segment held the largest market share in 2017 and is estimated to be the fastest-growing segment during the forecast period. This is attributed to the increasing usage of AMS in the production of heat-resistant acrylonitrile-butadiene-styrene (ABS). Moreover, it is the basic raw material of organic compounds used in the production of paint adhesives and pigments. Additionally, it is used as a plastic additive.
Based on application, the global Alpha-Methylstyrene Market Share has been classified into resin, plasticizers, adhesives, waxes, coatings, chemical intermediate, finishing agents, and others. The acrylonitrile-butadiene-styrene (ABS) sub-segment, under the resin segment, dominated the global market in 2020 owing to the high glass transition temperatures and high heat distortion of AMS.
Competitive Analysis
Some of the key players operating in the global alpha-methylstyrene market are Solvay (Belgium), INEOS (UK), Honeywell International Inc. (US), SI Group, Inc. (US), Altivia (US), Mitsubishi Chemical Corporation (Japan), DOMO Chemicals (Germany), Sunoco Chemicals (US), Merck KGaA (Germany), Prasol Chemicals Pvt Ltd (India), The Plaza Group (US), and Banner Chemicals Limited (UK).
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
2.4 Key Takeaways
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
continue...
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Regional Analysis
The North American market held the largest share of the global market in 2020 and is projected to register a substantial CAGR during the review period owing to the growing demand for the product in the production of waxes. The US is expected to contribute major share to the regional market owing to advanced R&D capabilities and extensive use of the product in the production of adhesives and coatings. Asia-Pacific is likely to be the fastest-growing regional market during the forecast period owing to the increasing use of the product in ABS resin production. China was the leading market in the region in 2020 due to the increasing application of the product in plasticizers and automobiles. The other countries contributing to the regional market growth are Japan, India, and Australia & New Zealand.
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