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Polyurethane Foam Market Size | Trend Shows A Rapid Growth By 2027
September 12, 2022 8:21 - no comments yetRegional Overview
The polyurethane foam market report covers companies functional in the polyurethane foam market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the polyurethane foam market can be found in the market research report. The North American polyurethane foam market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the polyurethane foam market across Germany, France, Spain, Italy, and the United Kingdom. The polyurethane foam market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the polyurethane foam market across India, China, and Japan in the Asia-Pacific region is also available for further study.
Overview
The polyurethane foam market is projected to grow by US$76.06 Billion by 2027 rapidly at a CAGR of 8.36% throughout the forecast period 2020-2027. Growing environmental consciousness as well as rising home furnishing industry drive. These key growth drivers have incredibly helped the polyurethane foam market and are estimated to boost the growth. Analysts studying the polyurethane foam market have also shared growth projections in the suggested polyurethane foam market-based companies to develop growth strategies. Strict environmental regulations and restrictions imposed on methylene chloride and rising prices of primary feedstock products are the challenges that companies across the polyurethane foam market could face. The details covered in the polyurethane foam market report cover all the aspects of the industry.
Market Segmentation
The global Polyurethane Foam Market Size has been segmented based on type and application. On the basis of type, the market for polyurethane foam is segmented based on rigid, spray, and flexible. Additionally, the market on the basis of application, is segmented into automotive, bedding & furniture, electronics, footwear, packaging, building & construction, others.
Factors like growing concerns regarding the use of fossil fuels and environmental effects of plastics propel the polyurethane foam market growth. The polyurethane foam market performance has also been studied. The polyurethane foam market report provides analysis of past and current trends. In addition to this, the polyurethane foam market report offers detailed analysis of type and application segments. The market segmental analysis provided in the polyurethane foam market research report offers crucial details about the polyurethane foam market based on the data and forecasts till 2027.
Competitive Landscape
The polyurethane foam market is corroborated by better business practises. The population growth as well as increasing demand of polyurethane foam market based solutions also accelerate the market growth. However, the polyurethane foam market can be affected due to high prices of raw materials as well as strict environmental regulations. The polyurethane foam market research report covers all such factors assisting companies in the polyurethane foam market to improve their plans and portfolio. The polyurethane foam market research report also provides company profiles of major businesses. The polyurethane foam market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets. The details available in the polyurethane foam market report cover company strategies, revenue, company size, and mergers and acquisitions in the polyurethane foam market. New entrants as well as established organizations can use the data from polyurethane foam market report to further plan their strategies.
Industry News
In a £ 6.1 million transaction, the Vita Company, a hard polyurethane foam producer, purchased the Italian foam maker IMPE SpA, a wholly owned subsidiary of Naples-based Natuzzi. The arrangement is scheduled to be concluded in the first quarter of 2021 by Vita, which hires 2,700 people across Europe and is headquartered in Middleton, Manchester.
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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.
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Aluminum Extrusion Market Size | 2022 To 2030 | Strong Revenue And Competitive Outlook By Top Companies
September 12, 2022 7:27 - no comments yetRegional Analysis
North America accounted for a significant market share in 2020, owing to the growing construction and automotive industry. Europe held a market share of around 20% of global revenue in 2020. Stringent regulations about the emission of greenhouse gases and high demand for aluminum extruded products in the structural components and battery casings for electric vehicles are expected to drive the regional market's growth. The increasing production of lightweight and electric vehicles in Germany, Spain, France, and Italy is expected to raise the demand for the product in the regional market in the years to follow.
The prominent players of the aluminum extrusion market are mentioned as follows:
- Arconic (US)
- ThöniIndustriebetriebe GmbH (Germany)
- China Zhongwang Holdings Limited (China)
- EMERUS (Bosnia and Herzegovina)
- ETEM GROUP (Greece)
- ST Extruded Products Germany GmbH (Germany)
- ALUMIL S.A. (Greece)
- Bonnell Aluminum (US)
Market Overview
According to global market prospects and analysis, the aluminum extrusion market is projected to register a CAGR of about 6.30% during the forecast period, 2022–2030, with Asia-Pacific being the dominant and fastest-growing regional market globally.
Aluminum extrusion Price is considered as a process to shape the aluminum alloy material by heating it and forcing it with a hydraulic ram through a shaped opening in a die. The alloy is forced through a die with a specific cross-sectional profile, and the extruded material comes out as a long piece with the same profile as the die opening. After extrusion, the hot aluminum profile is quenched, cooled, straightened, and cut into required shapes and forms.
The Aluminum Extrusion Market has processes that makes the most of aluminum’s unique blend of physical characteristics, including malleability, lightweight, and high strength. Its malleability allows it to be easily machined and cast while maintaining one-third of steel's density and stiffness. The resulting products include features like offering strength and stability, particularly when alloyed with other metals. Custom aluminum extruded products last longer than products made from steel, plastic, or other metals. This is mainly due to aluminum's high strength, lightweight, and corrosion resistance.
The direct extrusion method is commonly used for softer alloys in manufacturing solid aluminum bars and rods and hollow tubes and sections. Production of long continuous lengths by adding successive billets to the flow is one of the critical advantages of the direct extrusion process. The indirect method is mainly used to extrude more complex alloys, and because no friction heat is produced in this method, there is less chance of surface tears and cracked edges.
Market Segmentation
The aluminum extrusion market has been segmented based on the following:
By Product Type:
- Mill-finished
- Powder-coated
- Anodized
By End-use Industry:
- Construction
- Automotive
- Electric and electronics
- Machinery & equipment
- Mass transport
- Others (energy, telecom, and consumer durables)
By Alloy Type:
- 1000 series aluminum
- 2000 series aluminum alloy
- 3000 series aluminum alloy
- 5000 series aluminum alloy
- 6000 series aluminum alloy
- 7000 series aluminum alloy
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Industry News
The Aluminum Extrusion Market Size in Asia-Pacific accounted for the largest share of over 50%in 2020and is projected to remain the fastest-growing regional market during the forecast period. This can be attributed primarily to the high demand for the product in the expanding residential and commercial construction sector and the solid automotive manufacturing industry in China, India, and Southeast Asian countries.
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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:
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Specialty Tapes Industry 2020-2027 With Top Countries Data , Key Factors, Demand
September 12, 2022 7:16 - 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 Industry 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 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.
- Marine- Marine segment accounted for the least share of the global specialty tapes market owing to less concentration of tapes in boats.
- Aerospace & Defense- The demand for specialty coatings is likely to increase in the aerospace & defense industry with increased spending on defense equipment and aircraft.
- Retail & Graphics - Growing retail industry together with increased spending on innovative packaging by the product manufacturers in order to gain a competitive edge is likely to drive the growth of the specialty tapes market.
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
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
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Boiler Water Treatment Chemical Industry 2021– Overview, Major Players, COVID-19 Impact Business Status and Forecast 2030
September 12, 2022 7:05 - no comments yetBoiler water treatment chemicals are agents used for eliminating impurities from boilers. These impurities can be suspended matter, dissolved gases, and dissolved solids which can cause corrosion or deposition. The global boiler water treatment chemicals market report looks at the various agents used in ensuring the continuous working of steam boilers and industrial boiler systems for the period 2021 to 2030 (forecast period).
Market Scope
The global boiler water treatment chemicals market size can touch towering heights owing to the need for power generation. These chemicals can prevent scaling, a prime factor in increasing the pressure drop in boiler tubes and reducing steam volume. Rapid industrialization is one of the biggest drivers of the market owing to the increasing rate of power consumed by industries globally. For instance, high-pressure boilers are used by the food & beverage industry for fermentation, distillation, processing, and cleaning.
The booming textile industry which requires boilers for rapid processing of apparel can drive market demand exponentially. This is buttressed by the high procurement rates of clothes, textiles, and other apparel by customers. Favorable government campaigns designed for encouraging the use of renewable energy resources can prove to be fruitful for the market in the coming years. New technologies such as zero liquid blowdown and zero liquid discharge are likely to encourage demand for boiler water treatment chemicals in the coming years.
Segmentation
The global boiler water treatment chemicals Industry has been segmented on the basis of type, conditioning method, end-use industry, and region.
Based on type, the global boiler water treatment chemicals market has been segmented into oxygen scavengers, sludge conditioners, alkalinity builders, multifunctional, scale inhibitors, anti-foaming agents, sequestering agents, and others.
Based on conditioning method, the market has been classified into external (pre-treatment) and internal (post-treatment).
By end-use industry, the market has been segmented into power, oil and gas, chemicals and petrochemicals, food and beverage, paper and pulp, textiles and dyes, and others. The power segment accounted for close to 30% share in the market in 2020.
Regional Analysis
The global boiler water treatment chemicals market has been segmented into five regions, namely, Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa (MEA).
APAC had dominated the market in 2022 owing to heavy demand for boilers in the power generation sector. Rapid industrialization in China and India can continue to encourage market demand till 2027. New product developments are bound to be a gamechanger for the industry in the region. In 2020, Kurita Water Industries Ltd. launched CETAMINE, a water treatment chemical, for Japanese end-users.
North America accounted for the second-largest share of the global boiler water treatment chemicals market owing to the thriving food & beverages and textile industries. Similarly, Europe is portended a considerable growth rate owing to textile and clothing industries. The focus on sustainability has led to the development of chemicals derived from natural sources which can be applied at ease by manufacturers during routine check-ups.
Latin America is projected to be lucrative for the global boiler water treatment chemical market owing to the textile sector in Colombia, Mexico, Peru, and Brazil. Lastly, the MEA region can induce demand to save up on maintenance costs on steam boilers used in the oil & gas sector.
Competition Outlook
Kemira OYJ, Ecolab, Bond Water Technologies, Inc., Lennetch BV, Wilh. Wilhelmsen Holding ASA, ChemTreat, Akzo Nobel N.V., Suez, Kurita Water Industries Ltd., Arkema, DowDuPont, King Lee Technologies, and BASF SE are noteworthy players of the global boiler water treatment chemical market. Mergers, acquisitions, and new product launches are strategies implemented by players for gaining the edge in the market.
Automotive Silicone Market Size by 2030 covers Price, Opportunities and Forecast
September 12, 2022 6:53 - no comments yetKey Players
Notable players profiled in the global automotive silicone market report include Kaneka Corporation (Japan), CSL Silicone Inc. (Canada), ACC Silicones Ltd (U.K), KCC Corporation (South Korea), Evonik Industries AG (Germany), Bostik (U.S.), Nusil (U.S.), Rogers Corporation (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Elkem Silicone (U.S.), Momentive (U.S.), Dow Corning Corporation (U.S.), and Wacker Chemie AG (Germany).
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the automotive silicone market based on application and product.
By product, the Automotive silicone market size is segmented into resins, adhesives and sealants, elastomers, and others. Of these, the elastomers segment will lead the market over the forecast period for its wide application in making wiper blades, hoses, gaskets, airbags, connector seals, plug boots, and others. This will be followed by the adhesives segment for its increasing use in automotive paints as fillers. It helps to improve the viscosity of the blend, thereby making it easier to apply the paint.
By application, the automotive silicone market is segmented into the suspension system, engine and drive train system, electrical system, interior and exterior, and others. Of these, the interior and exterior segment will have a major share in the market over the forecast period.
Regional Analysis
By region, the global automotive silicone market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period for the increasing production & sales of automotive in this region. Besides, government regulations related to CO2 emission reduction and environmental protection, presence of leading automotive manufacturers in the region such as Hyundai, Ford, Nissan, Honda, and Toyota, and growing automotive industry in China, Japan, and India are also adding market growth.
The global automotive silicone market in North America is predicted to have healthy growth over the forecast period. Factors propelling the global automotive silicone market growth in the region include consumers' high disposable income, burgeoning demand for fuel-efficient cars, and reviving automotive industry.
The global automotive silicone market in Europe is predicted to have significant growth over the forecast period for the increased exportation and production of auto parts in the UK, Germany, and others.
The global automotive silicone market in Latin America is predicted to have steady growth over the forecast period for rising production & sales of automotive, especially in Brazil.
The global automotive silicone market in the MEA is predicted to have stable growth over the forecast period for the burgeoning demand for automotive.
Market Analysis
The automotive silicone market is likely to grow at a notable CAGR between 2020- 2027, reveals the new Market Research Future (MRFR) report. Automotive silicone, simply put, is a rubber-like polymer that is heat-resistant and used to manufacture thermal and electrical insulation, sealants, lubricants, and adhesives. Silicone products are widely used in the automotive industry to improve comfort, safety, and reliability and make cars light in weight. Suspension system, engine and drive train system, electrical system, interior and exterior, and others are some of its key applications.
Numerous factors are adding to the automotive silicone market demand. Such factors, as revealed by the latest MRFR report, include the growing automotive industry in the Asia Pacific region, burgeoning demand for lightweight and high-efficiency materials in the automotive industry, high disposable income, shifting trends of lifestyle, favoring government acts and regulations like Clean Water Act and Clean Air Act, and recent technological advancements like the convenient usage of silicone rubber with that of thermoplastics to offer lowered frictional coefficient and improvements in mar & scratch resistance.
On the contrary, rising raw material prices and increasing use of electric cars are factors that may limit the automotive silicone market growth over 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
