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Green Coating Industry Outlook Report Includes Dynamics, Products, and Application 2020 – 2027
1 de Abril de 2022, 7:38 - sem comentários aindaMarket Scenario
Market Research Future (MRFR) asserts that the global green coating market is predicted to register a 6.1% CAGR during the forecast period (2020-2027). The growth of the end-use industries is highly favoring the market growth across the globe. A coating is referred to as a layer of substance which is spread over a surface for decoration or protection. Green coatings are also termed as eco-friendly paint coating which comprises low volatile organic compound content. They are environmentally accommodating coatings and emit almost zero VOC during the manufacturing process. Green coating does not require solvents and is used individually in a number of industries.
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Market Potential and Pitfalls
Biomaterial-associated infections continue to be a major problem despite several advances. To reduce the bacterial adhesion, material surface modifications are being invested. As advanced research and technology have helped with the development of healthier and better paint, coating companies are likely to transform into environment-friendly ingredients as the primary component of their coating material in order to improve the health of their employees and consumers. Professionals in the painting sector are going green and are keeping up their interest in green coatings. The coating industry is experiencing a growth in the usage of eco-friendly materials due to the strict environmental regulations.
The emission of VOC releases toxins which cause health problems such as headache, dizziness, and damages the kidney, besides harming the ozone layer. With the development of sustainable products, manufacturers are focusing on the introduction of eco-friendly products to the market. They are focusing on producing high-performance coatings with low or zero VOC. With the accelerating application of green coatings in the end-use industries coupled with the increasing awareness associated with the emission of VOC, the green coatings market is predicted to flourish during the appraisal period. Moreover, strict mandates imposed by the government and healthcare agencies like EPA and REACH are estimated to propel the market growth in the coming years. The augmenting use of plant-based sources and UV curing coating for the production of the wood coating is predicted to stimulate the green coatings market. Meanwhile, several companies are focusing on the adoption of new strategies like product launches, merger and acquisitions, collaboration, partnership, and new technology launches, which are estimated to propel the market growth across the globe.
On the contrary, volatility in the availability of raw materials coupled with its cost augments the price of green coatings. Such factors are considered as the top barriers vitiating the market growth throughout the appraisal period.
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Global Green Coating Market: Segmental Analysis
The global green coating market has been segmented on the basis of product and application.
By mode of product, the global Green Coating Market has been segmented into radiation cure coatings, powder coatings, high solids coating, and waterborne coatings. Among these, the powder coatings are predicted to expand at a rapid pace due to its superior properties such as superior corrosion resistance, zero VOC, premium-quality finish, and reduced drying time.
By mode of application, the global green coating market has been segmented into architectural, industrial, packaging, automotive, and others. Among these, the architectural segment is considered to be the most attractive and most prevalent segment. The growth is credited to the increasing global infrastructure expenditure for commercial and residential sectors.
Competitive Dashboard
The prominent players operating the global green coating market are Valspar Corporation, Momentive, DSM, Omnova Solutions, Axalta Coating System, Sherwin-Williams Company, PPG Industries, Allnex S.a.r.l., Bayer Material Science, and Arkema Inc.
Regional Insights
Geographically, the green coating market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is predicted to dominate the global green coating market and is likely to retain its dominance throughout the assessment period. The growth is credited to the industrial sector coupled with the augmenting consumer focus towards the benefits provided by green coatings. Additionally, emerging trends such as the rising use of UV curing coating coupled with the use of plant-based sources in order to develop wood coating are considered to propel the market growth in this region.
The European region is estimated to experience a significant growth owing to the ever-increasing population coupled with the economic development in nations such as Spain, the U.K., and Italy. Infrastructure projects comprising airports and seaports have been planned in the UK National Infrastructure Delivery Plan which is estimated to contribute to the growth of the market in this region.
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Industry Updates
Dow has recently won six prestigious 2020 R&D award from the R&D magazine. AQUACHILL Cool Coating technology is one of them. It is a ComfortScience-enabled, water-based phase change material coating specified for cooling applications and bedding materials that maximize sustained and initial cooling, besides offering optimal durability, breathability, minimal odor, and in-class adhesion.
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Functional Composites Industry 2020 Gross Margin, Competitors, Business Overview, Distributors Forecast to 2027
1 de Abril de 2022, 6:25 - sem comentários aindaMarket Scenario
Market Research Future (MRFR) speculates that the global functional composites market is likely to experience robust growth, garnering further prominence during the forecast period (2020-2027). The augmenting demand for functional composites in eco-friendly construction is highly favoring the market growth. Functional composites are referred to as compounds which possess special optical, electrical, and magnetic properties. They are extensively used in end-user industries due to their excellent properties such as enhanced stiffness, high durability, and high tensile strength. Functional composites are stronger, lighter, stiffer, tougher, and more durable than other original materials.
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Market Potential and Pitfalls
Functional composites are extensively used in several end-user industries such as automobile, aerospace & defense, consumer goods & electronics, and building & construction due to its excellent properties is fueling the growth of functional composites market across the globe. With increasing utilization of functional composites in the medical industry and healthcare sector, the global market for functional composites is likely to flourish. Composites are highly used in wound care. Composed of three or more layers, composite wound dressing offers multiple needs in one single dressing. Films, foam dressing, hydrogels, hydrocolloids, and electrospun nanofibers are some of the composite dressings extensively used in wound care.
Functional composites are also extensively used in the development of eco-friendly constructions which is responsible for the growth of the market. Moreover, accelerating opportunities in the developing economies coupled with the high availability of untapped markets are some of the major factors contributing to the market growth throughout the appraisal period. Moreover, the accelerating growth of the automotive and construction industry is influencing the market growth globally.
On the contrary, fluctuating rates of raw materials and lack of standardization are some of the major concerns estimated to vitiate the market growth in the coming years. Moreover, the complex fabrication process of composites which includes high cost and intensive labor is likely to dampen the market growth to a certain extent.
Competitive Dashboard
The prominent players operating the global functional composites market are Materion Corporation (U.S.), DuPont (U.S.), 3A Composites (Switzerland), Momentive Inc (U.S.), Bayer AG (Germany), Applied Materials Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), AMETEK Inc. (U.S.), Kyocera Corporation (Japan), and 3M Company (U.S.).
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Global Functional Composites Market: Segmental Analysis
The global functional composites market has been segmented on the basis of type, function, and end-user.
By mode of type, the global functional composites market has been segmented into polymer matrix composites, metal matrix composites, hybrid matrix composites, and ceramic matrix composites. Among these, the polymer matrix composites are likely to occupy the largest share in the market. The growth is credited to the increasing demand from the aerospace & defense, consumer electronics, and transportation, with a high impetus on less complex and weight reduction manufacturing methods, like injection molding.
By mode of function, the global functional composites market has been segmented into electrical conducive, thermal conducive, barrier, magnetic, and optic. Among these, the thermal conducive segment is anticipated to occupy the largest market share owing to the rising use of composites in eco-friendly constructions in order to improve energy efficiency during ventilation, heating, and air conditioning (HVAC) and lighting applications.
By mode of end-user, the global functional composites market has been segmented into wind energy, aerospace and defense, building & construction, transportation, consumer goods, and electrical & electronics.
Regional Insights
Geographically, the Functional composites market span across regions namely, Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.
Among all the regions, the Asia Pacific region is predicted to occupy a major market share and is anticipated to expand at the fastest rate. The growth is credited to the rising population coupled with the growing per capita disposable income in the developing economies in this region. Additionally, with the augmenting demand for functional composites in the electronic and automobile sector especially in nations like China, India, and Japan, the market is likely to propel during the appraisal period. Additional factors promoting the market growth are government regulations, competitive manufacturing cost, rising defense budget, and rising application in the power and energy sector.
The North American region is considered a dominant region owing to the presence of three automobile giants in this region namely Fiat Chrysler, Ford, and General Motors. Also, the rising adoption rate of functional composites and the presence of developed end-user industries like aerospace and electrical & electronics are likely to contribute to the growth in the coming years.
Europe is presumed to be a lucrative region and is driven by a well-developed electrical & electronic and automobile industry. With the rising application of functional composites in the construction and aerospace sector, the market is predicted to boom in this region. Moreover, rising investment in the defense sector is predicted to propel the market growth.
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Industry Updates
February 18, 2019: Stratasys will be showcasing their 3D printing solutions for composite production at the JEC World. The 3D printed composite tooling will provide weight-savings and dramatic cost as compared to other traditional tooling methods. The company’s development of high-temperature materials and increased throughput of its FDM Production 3D Printers has enabled the manufactures of complex composite lay-up in a few hours or days despite weeks or months.
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Fluorosilicone Rubber Market Share 2020 Is Booming Across The Globe By future, Key Segments And Forecast To 2027
1 de Abril de 2022, 6:13 - sem comentários aindaMarket Synopsis
According to the MRFR analysis, the Fluorosilicone (FVMQ) Rubber Market was valued at more than USD 120 Million in 2020 and is projected to reach over USD 190 Million by the end of 2027 at a CAGR of 5.51%.
Fluorosilicone (FVMQ) rubber is an elastomer made of a silicone polymer chain with fluorinated sidechains. This structure provides the elastomer with a wide number of characteristics that make it a perfect choice of material for the automotive and aerospace industries. It is widely used in various demanding applications where fuel resistance, high-temperature performance, and low-temperature performance are required. It offers a varying range of properties such as superior extreme-temperature (low/high) performance, prolonged resistance to fuels, oils, solvents, and aggressive fluids, ability to be fabricated by extrusion, compression molding, injection molding, and a calendaring, good balance of tensile, elongation, and tear resistance, and good heat stability with good tear retention.
The prominent factors driving the growth of the global market are increasing demand for both passenger and commercial vehicles and growing commercial aircraft production.
KEY PLAYERS
Dow (US), Wacker Chemie AG (Germany), Momentive (US), James Walker (UK), Rogers Corporation (US), Shin-Etsu Chemical Co., Ltd (China), Shanghai Fluoron Chemicals (China), STOCKWELL ELASTOMERICS, INC (US), Shanghai 3F New Materials Co., Ltd (China), NUSIL (US), Primasil Silicones Limited (UK), Hangzhou Fine Fluorotech Co., Ltd (China)
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SEGMENTATION
By End-Use Industry
- Automotive: The automotive segment held the largest share of the market with more than 50%in 2018, owing to the surging demand for smaller engine compartments, increased exhaust gas recirculation and decreased airflow, and the high-end temperatures in under-the-hood environments (requiring efficient and temperature resistant materials) in the automobiles coupled with the increasing automotive production in the emerging economies. Moreover, considering the current automotive trends for small engine designs and increased efficiency, the increase in design flexibility as a result of innovative materials like FVMQ is boosting the demand for these rubbers in the automotive industry.
The components manufactured include fuel and air system component parts, fuel line safety seals, O-rings, gaskets, connector seals, flexible diaphragms and valves, and turbocharger hose liners.
- Aerospace & Defense: The aerospace & defense segment is the other major end-use industry consuming FVMQ products. Fluorosilicone rubber seals offer outstanding resistance to ozone, sunlight, and weathering, making it the perfect compound to use in aircraft. FVMQ elastomers have outstanding solvent and fuel resistance and high-temperature stability, owing to which are majorly used for static seals in the aircraft fuel systems. With the significant growth of the aerospace & defense industry across the emerging economies and developed economies, the demand for fluorosilicone rubber is expected to increase in the years to follow.
- Oil & Gas: In the oil & gas industry, seals are widely used in various stages such as well drilling, well completion, and well production. The seals used have to cope with the harsh conditions of deeper wells as well as with the different solvents and chemicals. Moreover, these seals are exposed to extremely high temperatures and to a wide range of aggressive chemicals. Fluorosilicone rubber is one of the preferred choices for the manufacture of these seals. With the increasing demand for energy, the oil & gas industry is growing at a healthy rate. This is expected to boost the demand for FVMQ during the forecast period.
- Electronics & Semiconductors: This segment includes the use of FVMQ in the EMI shielding applications and other electronic applications.
- Others: The other segment covers medical and food & beverage.
By Region
- North America: The growth of the automotive and aerospace industries is the primary driver for market growth.
- Europe: Germany, France, the UK, and Russia are the major contributors to the regional market growth and the growing automotive industry supports the regional market growth.
- Asia-Pacific: The largest and fastest-growing regional market for fluorosilicone (FVMQ) rubber, with China and India being the leading country-level markets.
- Latin America: A small but growing automotive industry is likely to fuel the demand for fluorosilicone (FVMQ) rubber in the coming years.
- Middle East & Africa: High growth potential of the automotive manufacturing hub in Egypt, UAE, and Saudi Arabia, may propel the regional market growth during the forecast period.
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By Processing Technology
- Compression Molding: Compression molding of fluoro silicone rubber to mold it into various end-use products is one of the most widely used processing techniques. This process is mainly used for low to medium volume applications such as O-rings, seals, and gaskets, as well as for some specialty high volume components. Some of the major benefits offered by the process include less complex tooling and lower costs to construct, lower percentage material runner scrapes as compared to traditional injection or transfer molding process, and the process is suitable for most elastomers and cure systems.
The segment held the largest share accounting for over 35% of the market in 2018.
- Liquid Injection Molding: Liquid injection molding offers easier processing, high level of automation, faster cycle times, and better end-product performance. It is mainly used for liquid fluorosilicone rubber for molding high-quality parts. The main products manufactured using the process include gaskets, O-rings, seals, precision molded parts, and cushioning pads in electronic portable devices. LIM is used to craft high-performance parts in industries ranging from automotive to aerospace.
- Calendaring: This segment covers the consumption of fluorosilicone consumed for manufacturing end-use products using calendaring. These products (sheets) include industrial and automotive components.
- Extrusion: The extrusion segment accounted for a minimal share of the global market. The use of the extrusion process offers several merits such as a large variety of shapes that can be obtained, relatively economical, minimal waste material produced, and high efficiency. The process is used to produce various extruded FVMQ products including gaskets, sealing components, and other intricate profiles.
- 3D Printing: The 3D printing segment is expected to register healthy growth in the coming years. It is still not used on a large scale, is however gaining popularity, majorly in North America. Major developments are taking place in the market, for instance, in August 2018, Wacker Chemie AG announced the launch of new liquid fluorosilicone rubber for 3D printing applications.
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Regulatory Analysis and Trade Analysis
OEM specifications for exhaust gas recirculation systems (where fluorosilicone rubbers are required):
- BMW GS97018:2008-11
- Fiat 902139
- Ford AZ 102-02
- GM GME 8688
- VW PV3936
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Fatty Alcohol Market Size | Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2027
1 de Abril de 2022, 5:08 - sem comentários aindaMarket Analysis
The global fatty alcohol market is predicted to touch USD 10, 078.8 million at a 6.67% CAGR over the forecast period (2020-2027), as per the latest Market Research Future (MRFR) report. Fatty alcohols are straight-chain, high-molecular-weight primary alcohols. It is a cost-effective substitute for petrochemicals as it is biodegradable. Cetyl alcohol, behenyl alcohol, lauryl alcohol, stearyl alcohol, and myristal alcohol are some of its common categories. Fatty alcohols are widely used in the production of detergents in the form of nonionic surfactants owing to their amphipathic nature. Besides, it also finds wide application in personal care products and cosmetics, pharmaceuticals, plasticizers, lubricants, and food.
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Various factors are propelling the fatty alcohol market growth. These factors, in accordance with the MRFR report, include growing demand for sustainable and biodegradable products, growing concerns about the impact of petrochemicals on the environment, growing demand for hygiene products, and changing lifestyles. Additional factors pushing market growth include increased spending on personal care products and cosmetics, increasing use of liquid detergents, and increasing use in lubricants, flavors and fragrance, and manufacturing plasticizers.
On the contrary, volatility in the cost of raw materials and glut of fatty alcohols are factors that may impede the fatty alcohol market growth over the forecast period.
Market Segmentation
The MRFR report provides a complete segmental analysis of the Fatty Alcohol Market report on the basis of application and type.
Based on type, the Fatty Alcohol Market is segmented into higher chain, short-chain, long-chain, and pure and mid-cut. Of these, the pure and mid-cut segment will have the largest share in the market over the forecast period. It is predicted to touch USD 4510.3 million at a 6.58% CAGR by 2027.
Based on application, the fatty alcohol market is segmented into food and nutrition, pharmaceuticals, plasticizer, lubricants, cosmetic and personal care, detergents and cleaners, and others. Of these, the detergents and cleaners’ segment will dominate the market over the forecast period. It is predicted to touch USD 3152.3 million at a 6.13% CAGR.
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Regional Analysis
By region, the fatty alcohol market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Middle East and Africa. Of these, the APAC region will remain the frontrunner in the market over the forecast period. It is predicted to grow at a 7.29% CAGR. China is a key contributor in this region.
The fatty alcohol market in North America is predicted to have favorable growth over the forecast period. It is predicted to touch USD 1,807.7 million by 2027. This is owing to the presence of several established end use industries. The US is the key contributor in this region.
The fatty alcohol market in Europe is predicted to have a healthy growth over the forecast period owing to increasing environmental regulations to use detergents containing chemicals. Germany and Russia are the key contributors in this region. The fatty alcohol market in Europe is estimated to touch USD 2035.2 million by the end of 2027.
The fatty alcohol market in the Middle East and Africa is predicted to have a steady growth over the forecast period. It is expected to touch USD 922.8 million at a 6.93% CAGR by 2027. This is owing to increased expenditure in non-invasive beauty procedures and natural skincare treatments, and the increasing influence of beauty bloggers.
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Key Players
- VVF LLC (India)
- Ecogreen Oleochemicals (Singapore)
- KLK Oleo (Malaysia)
- Kao Corporation (Japan)
- Univar Inc (US)
- Sasol Limited (South Africa)
- Royal Dutch Shell Plc (The Netherlands)
- Berg+ Schmidt GmbH & Co. KG (Germany)
- Emery Oleochemicals (Malaysia)
- BASF SE (Germany)
- P & G Chemicals (US)
- Wilmar International Ltd (Singapore)
- Arkema SA (France)
- Godrej Industries Ltd (India)
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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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Diisononyl Phthalate Market Size Latest Study with Future Growth Analysis to 2027
1 de Abril de 2022, 4:25 - sem comentários aindaMarket Overview
According to the MRFR analysis, the Global Diisononyl Phthalate (DINP) Market is estimated to grow at a notable CAGR of more than 7% to reach over USD 9.5 billion in 2023.
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Market Dynamics
The significant factors driving this market's growth are increased demand from key end-use industries such as automotive, construction, paints & coatings, and toy manufacturing. The product is widely employed in practically all rapidly increasing industries, including footwear manufacturing, plastics manufacturing, and electrical manufacturing. This is likely to increase demand for the product during the forecast period. The global market has been rising in recent years as a result of its application in the manufacture of food-grade packaging materials. Over the projected period, the market is likely to be driven by the growing demand for the use of flexible PVC and PVC applications in the construction industry. Additionally, increased demand for highly resistant rubber to water, chemicals, oil, and gasoline in automotive and electrical applications is expected to be a major driver of the Diisononyl Phthalate market during the research period. However, volatility in the pricing of Diisononyl Phthalates raw materials and quick research in the field of developing ecofriendly and new goods by market leaders may restrain market expansion in the next years.
Additionally, the COVID-19 outbreak has impacted end users, most notably building and general economic activity. Lockdowns in numerous nations and difficulties in supplies have impacted the market examined. Whereas the economic downturn has harmed infrastructure development, the introduction of new industries, and expansions, all of which have a cumulative effect on demand for Diisononyl Phthalate (DINP) market.
Region Overview
The five regions analyzed for the global Diisononyl Phthalate market are Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific dominated the worldwide diisononyl phthalate market in 2017 and is expected to continue to do so during the forecast period. The market in this region has grown at a rapid pace over the last few years, owing to increased demand for the product from major end-use sectors such as automotive, construction, and electricals. Additionally, the governments of this region's growing nations are supporting their footwear manufacturing industries, which is expected to raise demand for the product during the projection period. Additionally, the rapid growth of the toys manufacturing industry in this region is likely to fuel diisononyl phthalate market growth in this region.
North America closely follows Asia-Pacific, and in 2017 held the second largest market share. Rapidly expanding reconstruction operations and increasing demand for the product in the massive automobile industry are expected to fuel the regional diisononyl phthalate market's growth.
Europe is another sizable geographical market, where demand for automobile-related products is growing at a robust CAGR. Although the Middle East & Africa and Latin American regions accounted for a small part of the market in 2017, their strong investment potential and abundant raw materials are considerably boosting the market's growth.
Competitive Dynamics
Some of the key players in the global diisononyl phthalate market are BASF SE (Germany), Evonik Industries AG (Germany), Exxon Mobil Corporation (US), Polynt (Italy), Mitsubishi Chemical Corporation (Japan), UPC Technology Corporation (Taiwan), Nan Ya Plastics Corporation (Taiwan), Eastman Chemical Company (US), LG Chem (South Korea), KLJ Group (India), Aekyung Petrochemical Co., Ltd. (South Korea), and Guandong Chunda Chemical Industry (China), among others.
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Segmental Analysis
The market for diisononyl phthalate has been categorized by technology, end-use, and geography.
The global diisononyl phthalate market has been segmented according to technology into flooring and roofing, wires and cables, hoses and tubes, insulation, adhesives and sealants, and others.
The market is segmented by application into automotive, electrical, construction, plastics, footwear, toy manufacturing, and rubber.
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