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Trivalent Chromium Finishing Market Share By Global Covid-19 Impact, Business Strategies, Opportunities And Forecast To 2027
abril 4, 2022 10:03 - no comments yetThe global trivalent chromium finishing market is expected to exhibit a major rise in the coming years, with a 5.8% CAGR projected for the market over the 2020-2027 forecast period, according to the latest research report from Market Research Future (MRFR). The global trivalent chromium finishing market is expected to rise from its 2020 value of USD 271 million up to USD 416 million by 2027, according to the report.
The global trivalent chromium finishing market is mainly driven by the growing regulatory support for the use of trivalent chromium instead of the conventional hexavalent variant, while the market is mainly hampered by the easy availability of thermal spray coating as a superior alternative.
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Segmentation:
The global Trivalent chromium finishing market Share is segmented on the basis of type, application, and region.
By type, the global trivalent chromium finishing market is segmented into plating, conversion coatings, and passivation.
Major applications of trivalent chromium finishing include automotive, hydraulics & heavy machinery, oil & gas, aerospace, and others.
Regional Analysis:
North America is likely to be a major regional market for the trivalent chromium finishing technology over the forecast period due to the growing demand from the automotive, oil and gas, aerospace, and machinery industries. The growing presence of the aforesaid industries in North American countries such as the U.S. and Canada is a major driver for the global trivalent chromium finishing market. The automotive industry in North America is likely to be a major revenue generator for the global trivalent chromium finishing market over the forecast period due to the growing demand for new technology in the manufacturing sector. The growing demand for environmentally viable coating materials and technologies is likely to be a major driver for the trivalent chromium finishing market in North America over the forecast period. The increasing demand for replacing hexavalent chromium finishing with more advanced variants is likely to be a major driver for the global trivalent chromium finishing market over the forecast period.
Asia Pacific is likely to exhibit high promise in the global trivalent chromium finishing market over the forecast period. The growing manufacturing sector in the Asia Pacific is likely to be a major driver for the trivalent chromium finishing market in the region. The automotive industry in Asia Pacific has experienced rapid growth over the last few decades due to the growing demand for automotive manufacturing units in developing countries such as China, India, South Korea, and Japan. The growing automotive industry is likely to play a major role in the growth of the trivalent chromium finishing market in Asia Pacific over the forecast period, as the growing demand for premium automotive technology and finish has resulted in a growing demand for trivalent chromium finishing. The rising demand for premium automobiles in Asia Pacific’s increasingly affluent countries is likely to be a major driver for the trivalent chromium finishing market in the region over the forecast period.
The growing metalworking and machinery market in Asia Pacific is also likely to be a promising avenue for the trivalent chromium finishing market in the region over the forecast period. Due to the growing industrial sector in the region, the demand for various types of industrial machinery has grown rapidly over the last few years. This has also resulted in a growing demand from the trivalent chromium finishing market, as trivalent chromium finishing is considered as the high standard in the chromium finishing sector.
Europe is also likely to exhibit robust growth in the global trivalent chromium finishing market over the forecast period.
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Competitive Analysis:
Leading players in the global trivalent chromium finishing market include Three J’s Industries Inc., Master Finish Company, CHEMEON Surface Technology LLC, Electro Chemical Finishing, Asterion LLC, Midland Polishing and Plating Ltd., Ronatec C2C Inc., Chem Processing Inc., Atotech, and MacDermid Inc.
In August 2019, Chemeon offered a new eTCP program for visually distinctive trivalent chromium finishing in a clear blue hue. This, according to the company, is a major step in quality control.
Methane Sulfonic Acid Market Analysis | Potential Benefits, Challenges, Gross Margin, Top Manufacturers and Forecast 2020-2027
abril 1, 2022 8:38 - no comments yetMarket Segmentation
Methane Sulfonic Acid is a strong odorless organic acid, primarily used as a catalyst in applications including esterification, alkylation, and polymerization. It is a naturally occurring organic acid and can also be produced from the chemical oxidation of dimethyl sulphide.
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The global Methane Sulfonic Acid Market has been segmented by grade, application, and region. Based on grade, the market has been segmented into industrial grade and pharmaceutical grade. Industrial grade methane sulfonic acid finds use in numerous applications including electroplating, electronics, esterification, and polymerization owing to their superior properties such as biodegradability and non-oxidizing. Pharmaceutical grade methane sulfonic acid is used in pharmaceuticals industry to manufacture active pharmaceutical ingredients.
Based on application, the market has been divided into esterification, electroplating, pharmaceuticals, electronics, industrial cleaning, and others. Esterification is a processed used in manufacturing plasticizers and biofuels. Methane sulfonic acid is being widely used as a catalyst in esterification process to accelerate the transformation process. Electroplating is another significant application of methane sulfonic acid due to less corrosiveness and low carbon content. The surge in demand for electroplating in fabrication is likely to fuel the demand for methane sulfonic acid. The product consumption is increasing in pharmaceuticals owing to biodegradability property possessed by it.
Regional Analysis
Based on region, the global methane sulfonic acid market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-pacific accounted for the largest share of the global methane sulfonic acid in 2017 and is expected to register a significant CAGR during the review period. Expanding industrial base in the region is driving the demand for methane sulfonic acid in numerous applications.
The markets in North America and Europe are the prominent markets for global methane sulfonic acid market on account of increasing use in pharmaceuticals. Additionally, growing preference for biofuel in transportation and energy generation on account of increasing environmental regulations is likely to propel the market growth.
The market in Latin America and the Middle East and Africa are expected to register moderate CAGR during the review period on account of growing industrial base coupled with increasing per capita disposable income of the consumers.
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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 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continue...
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Competitive Analysis
Some of the key players in the global methane sulfonic acid are
- TCI Chemicals (India) Pvt. Ltd. (India),
- Arkema SA (France),
- Varsal (US),
- Shilpa Chemspec International Pvt. Ltd. (India),
- BASF SE (Germany),
- Langfang Jinshenghui Chemical Co., Ltd (China),
- HEBEI YANUO Bioscience Co., Ltd (China),
- Zhongke Fine Chemical Co.,
- Ltd (China), Avantor, Inc. (US),
- Alfa Aesar (US).
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Isosorbide Market Type Upcoming Demand, Trending Technologies 2020 To 2027
abril 1, 2022 8:24 - no comments yetMarket Synopsis
According to the MRFR analysis, the global Isosorbide Market was valued at USD 420 million in 2019 and is projected to witness a CAGR of over 8% during the forecast period, 2020–2027.
Isosorbide is a bio-based, cycloaliphatic monomer obtained from sorbitol dehydration. This dehydration reaction also produces several other singly dehydrated by-products, as well as unidentified oligomeric species.
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The protuberant factor driving the growth of the global market is the increasing demand for isosorbide in the bioplastics and coatings industries, prominently in Asia-Pacific and Europe. Bioplastics derived from isosorbide serve a large number of industries including packaging, automotive, consumer electronics, and sports goods. With diversifying application segments such as automotive & transportation and building & construction, the growth is expected to rise exponentially in the years to follow. Moreover, increasing use of isosorbide in the formulation of bio-based coating resins is expected to be the other key factor driving the market growth. Isosorbide, as a monomer or through its derivatives, is particularly adapted to reactive coatings. It enhances the coating properties and meets the stringent Government regulations and industry initiatives for the creation of more sustainable coatings, thus reducing levels of volatile organic compounds (VOCs).
However, the high cost of manufacturing isosorbide and biodegradable plastics is one of the key restraining factors for market growth. Nevertheless, the technological advancements and increasing investments in the field of bioplastics is likely to fuel the market growth during the forecast period.
SEGMENTATION
By Application
- Polymers and Coating: The segment held the largest share of the market, around 70 to 75%, in 2019. Isosorbide is used as building blocks in polymer synthesis of performance plastics such as thermoplastics (polyesters, polycarbonates, and thermoplastic polyurethanes) and curable resins (polyurethanes, unsaturated resins, epoxy resins, and coatings). Isosorbide-based polymers exhibit several excellent properties ranging from their optical clarity to their strong resistance to UV irradiation, heat, chemical degradation, impact, and abrasion.
The addition of isosorbide(up to 10%) in polyesters increases the glass transition temperature, produces better heat resistance, better optical clarity to the plastic, and increases the stiffness of the PET chains. Moreover, addition of isosorbide in polyesters makes the plastic suitable for replacement of BPA based PC for food contact applications. Isosorbide containing polycarbonates offer significantly increased properties like mechanical strength, heat resistance, and optical properties with resulting properties between usual Polycarbonate and PMMA.
In the coating resins, isosorbide is safe and helps to enhance PU coating properties such as scratch and impact resistance and adhesion. In epoxy resins, its derivative shows a good UV resistance.
- Pharmaceuticals: Isosorbide is used as a diuretic and as a cure for heart problems (as isosorbide dinitrate). Isosorbide mononitrate is used to prevent angina attacks (chest pain), it dilates (widens) blood vessels, making it easier for blood to flow through them and easier for the heart to pump. In addition, isosorbide is a commercial medicine for Ménière’s disease, and its nitric acid ester is used to treat angina pectoris.
- Others: The others segment includes solvents, adhesives & sealants, and sports & leisure goods
By Region
- North America
- Europe: Western European countries, including Germany, France, and UK, are the major contributors to the regional market growth. The established food & beverage industry is expected to support the demand for isosorbide in the regional market during the forecast period. Stringent regulations pertaining to the use of VOC coatings and the increasing preference for bioplastics have been driving the demand for the isosorbide in the region.
- Asia-Pacific: Asia-Pacific is the largest and fastest-growing regional market for isosorbide, with China and India being the leading country-level markets. The plastic manufacturing companies in Europe, the US, and Japan have commercialized production of biodegradable polymers, and production has shifted to Asia, due to the low cost and convenience of feedstock acquisition. Considering the established manufacturing base and the increasing demand for bioplastics globally, the demand for isosorbide in the regional market is expected to increase multifold in the years to follow.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 ASSUMPTIONS & LIMITATIONS
2.4 MARKET STRUCTURE
2.5 KEY TAKEAWAYS
3 MARKET INSIGHTS
Continue...
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Covid 19 Analysis
COVID-19 will have a negative influence on the market in 2020. Because of the outbreak scenarios, construction and automotive industry operations were temporarily suspended during the lockdown, resulting in a drop in the consumption of isosorbide polymer and resins used in the manufacturing of automobile elements such as dashboard and the internal, external radiator grille, and so on & building materials such as ornamental interior surfaces, flooring and so on, that has had a negative influence on sales for the isosorbide market under consideration.
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Hybrid Adhesive and Sealant Market Growth 2020 - New Investments Policy, Development Analysis, Business Challenges, and Regional Outlook by 2027
abril 1, 2022 8:12 - no comments yetMarket Scope
Market Research Future (MRFR) studied the global hybrid adhesive and sealant market 2021 for the analysis period till 2027. As per MRFR findings, the market of hybrid adhesive and sealants can rise at 5.9% CAGR over the review period. By 2027, the hybrid adhesive and sealant market value can touch a considerable amount.
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Drivers and Restraints Impacting Hybrid Adhesive & Sealant Market
The worldwide hybrid adhesive and sealant market can thrive in the years ahead. Hybrid adhesive and sealants are the superior class of sealants and adhesives and exhibiting high-performance characteristics, unlike their parent components. These are manufactured via hybrid technology and combining two or more different polymeric materials to produce a new product that have superior properties, such as; excellent resistance, better strength, and high thermal expansion. Their flexibility and better performance compared to conventional sealants and adhesives, hybrid adhesives and sealants are applied largely in construction industries. For example, epoxy-polyurethane adhesives are utilized in the finishing coating on furniture to prevent from cracking. Moreover, these find a variety of applications in other end-use industries, such as; marine, automotive & aerospace, and military & defense among others owing to the excellent tear resistance and high mechanical strength.
The market of global adhesive and sealant is expected to be driven by upscaling demand for hybrid adhesives and sealants by end-consumer industries, such as; automobile and construction that is largely attributed to the growing application of eco-friendly and high endurance adhesives and sealants in construction. For example, by fusing urethane sealants, a hybrid sealant, and silicone; a low VOC content material is produced that offer a variety of benefits, such as; lower shrinkage, moisture color stability, and tolerance. Thus, provide exceptional adhesion to construction materials.
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The rise in the utility of high-performance adhesives over conventional polyurethane adhesives in the global marine industry for applications, such as; deck fitting and hull fastening, driving the demand for hybrid sealants and adhesives, can favor global market. Furthermore, the rise in the utility of hybrid sealants and adhesives over a wide range of applications and several innovative advancements can create lucrative opportunities for key players in the overall hybrid adhesive and sealant market.
On the contrary, limited awareness among consumers can hamper the rise of the hybrid adhesives and sealants market. In addition, the easy availability of traditional substitutes, such as; polyurethane, can pose a challenge to market players.
Segment Study of Hybrid Adhesive and Sealant Market
The global hybrid adhesive & sealant market’s segmented evaluation is done by end-use industry, and product.
The product-based segments of the global hybrid adhesive & sealant market are MS polymer, epoxy-polyurethane, epoxy-polysulfide, and epoxy-cyanoacrylate among others.
The end-use industry-based segments of the global market of hybrid adhesive & sealant market are automotive, building & construction, aerospace, marine, and military & defense, among others.
Regional Analysis of Hybrid Adhesive and Sealant Market
Asia Pacific can dominate the global hybrid adhesive and sealant market and register a healthy CAGR through the forecast tenure due to industrial expansion and rise in constructional activities. The increase in the utility of hybrid sealants and adhesives over silylated polymers in the construction of window frames, acoustic ceiling panels, installation of prefinished panels, decorative films, and ceramic tiles, on the account of their better mechanical properties and high resistance to UV radiation; can support regional market.
In North America, a substantial market share by 2027 is likely. The increasing demand for sealants and adhesives with superior performance due to increase in residential renovation activities across the US can boost the demand for hybrid adhesives & sealants, thus favor market expansion.
In Europe, the market is expected to showcase a decent growth across the forecast term owing to the utility of hybrid adhesives and sealants in the production of automotive body side moldings and interiors among others. Germany is the top contributor on the account of presence of several automobile producers in EU. Further, the surge in environmental concerns and ongoing innovations can propel the demand for hybrid sealants and adhesives in the region, thus support market rise, suggest MRFR regional study insights.
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Key Players of Hybrid Adhesive and Sealant Market
Henkel AG & Co. KGaA (Germany), BASF SE (Germany), Soudal Inc. (Belgium), Evonik Industries AG(Germany), Den Barven (The Netherlands), 3M (US), H.B.Fuller (US), Sika AG (Switzerland), Bostik S.A. (France), Wacker Chemie AG (Germany), Kisling AG (Switzerland), and TREMCO ILLBRUCK (Germany) are key players in the worldwide global hybrid adhesive and sealant market that are profiled by MRFR.
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Halogen-Free Flame Retardants Market Survey 2020 Analysis, Segmentation, Future Demand And Forecast To 2027
abril 1, 2022 7:54 - no comments yetMarket Research Future (MRFR) has revealed in its latest report that the global Halogen-Free Flame Retardants Market is projected to thrive moderately at a CAGR of 5.76% during the forecast period 2020 to 2027. The halogen-free flame retardants market is estimated to grow from USD 2191.95 Mn in 2020 to USD 3067.05 Mn by the end of 2027. The disclosure about the toxin emissions from halogen and its severe effects on life and earth in the 1990s has paved the way for the adoption of halogen-free flame retardants over the years.
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The shift towards non-halogenated retardants supported by the stringent laws enforced such as Restriction of Hazardous Substances (RoHS); Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH); Waste Electrical and Electronic Equipment Regulation (WEEE), etc. is likely to augment the global halogen-free flame retardants market growth in the foreseeable future. The strong value maintained by the construction industry is expected to catapult the market on an upward trajectory. The extensive use of polymers in the construction sector in the form of plastics, composites, foams, textiles, and paints, and coatings, among others has intensified the adoption of halogen-free flame retardants for meeting safety standards. The demand from the construction sector is poised to catalyze with the accelerated construction activities being undertaken globally. Additionally, the increasing demand from the electronics industry and opportunities posed by transportation industry are projected to open avenues of market growth over the next couple of years. Nevertheless, high loading levels of halogen-free flame retardants remain an impediment to the market proliferation.
Regional Outlook:
By region, the halogen-free flame retardants market has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific held the most substantial share of the market in 2020 and is projected to retain its prominence towards the end of 2027 registering a CAGR of 6%. The developments in the building and construction, and, electrical and electronics industries have augured well for the halogen-free flame retardants market in the region. Led by China, the regional market is expected to witness increased demand from the automotive industry.
Europe is expected to retain a significant fraction of the market over 2027 exhibiting a healthy CAGR of 5.61% during the assessment period. The growth is attributable to the increased renovation and rebuilding activities coupled with strict regulatory enforcements such as REACH, RoHS, WEEE, etc.
North America is anticipated to be an emerging growth pocket in the global halogen-free flame retardants market. The region is set to expand at a CAGR of 5.75%. Stringent environmental regulations and building codes in the developed economies are poised to pave the way for growth opportunities in the region.
The Middle East & Africa and Latin America currently account for the least shares in the global market. However, the regions exhibit tremendous potential owing to the growing building and construction industry, and, stabilizing economies.
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Global Market for Halogen-Free Flame Retardants-Competitive Dashboard:
Some of the key players profiled by MRFR in the report are
- Clariant AG (Switzerland),
- LANXESS (Germany),
- J.M. Huber Corporation (US),
- Israel Chemicals Limited (Israel),
- Nabaltech AG (Germany),
- BASF SE (Germany),
- Celanese Corp. (US),
- RTP Company (US),
- Greenchemicals SpA (Italy),
- Kisuma Chemicals B.V. (Netherlands),
- Amfine Chemical Corporation (US).
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Global Market for Halogen-Free Flame Retardants-Segmental Analysis:
MRFR’s report offers a detailed segmental analysis of the global halogen-free flame retardants market based on type, resin type, and end-use. By type, the market has been segmented into aluminum trihydrate, phosphorous-based, magnesium hydroxide, and others. Among these, the aluminum trihydrate segment is poised to capture a relatively higher share of the market thriving at the highest pace. The growth of the segment can be ascribed to the availability of aluminum trihydrate at meager costs.
By resin type, the market is segmented into polyethylene, polypropylene, epoxy, unsaturated polyesters, polyvinyl chloride, styrenics, engineered thermoplastics, rubber, and others. The polyethylene segment is estimated to reach a valuation of USD 775.98 Mn by the end of 2027 accounting for a substantial share of the market.
By end-use, the market has been segmented into building and construction, electrical and electronics, transportation, consumer goods, and others. The building and construction segment commanded the most significant share of the market in 2020. It is likely to remain a highly lucrative market in the foreseeable future reaching a valuation of USD 1320.45 Mn by the end of 2027.
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