Some more data on important market segments

Some more data on important market segments

The commercially available report “Carbon Fibre Resin Market by Resin Type (Thermoset, Thermoplastic), by Form (Prepreg, Non-Prepreg), by Application, and by Region – Global Forecast to 2021″, The global carbon fibre resin market is projected to grow from USD 292.7 Million in 2016 to USD 532.7 million by 2021, at a compound annual growth rate (CAGR) of 12.7 % during the same period

North America is the largest market for carbon fibre resin

The U.S. contributes a major market share in the North American region, whereas Germany constitutes the major market of the European region. High growth in the U.S. is attributing to growing demand for high performance composite resin, especially from the aerospace & defence industry. The Asia-Pacific region is also experiencing high growth in the carbon fibre resin market. This increase in growth is because of the high industrial development in countries such as China, Japan, and South Korea.

Some of the major players in the Carbon Fibre Resin Market include:

•          Huntsman Corporation (U.S.)

•          Alpha Owens-Corning (U.S.)

•          BASF SE (Germany)

•          Hexion Inc. (U.S.)

•          Ashland Inc. (U.S.)

•          Kukdo Chemical Company Ltd. (South Korea)

Increasing demand for lightweight and superior mechanical properties will drive the carbon fibre resin market in aerospace & defence application

The major factor driving the carbon fibre resin market is the usage of carbon fibre composites in the aerospace & defence application due to its good mechanical properties and lightweight. Growing demand for carbon fibre composites in Boeing-787 aircrafts is also acting as a crucial factor for the growth of carbon fibre resin.

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Automotive application: one of the key segments in the carbon fibre resin market

Automotive application will be the fastest-growing segment of the carbon fibre resin market during the forecast period. The automotive industry is beginning to use carbon fibre resin to manufacture cars of reduced weight that provide good performance and luxury with economical pricing. Carbon fibre resins are used in the automotive industry due to its high strength and rigidity.

Thermoset resin is expected to dominate the carbon fibre resin market

Thermoset resin has a larger market share in comparison to thermoplastic owing to their high strength and resistance to high temperature. Therefore, they have larger application in the automotive and aerospace & defence industries that require more heat and temperature-resistant materials. Thermoset includes epoxy, polyester, and vinyl ester resin.

Renewable Chemicals Market worth USD 84.3 Billion by 2020

The commercially available report “Renewable Chemicals Market – Alcohols (Ethanol, Methanol), Biopolymers (Starch Blends, Regenerated Cellulose, PBS, Bio-PET, PLA, PHA, Bio-PE, and Others), Platform Chemicals & Others – Global Trends & Forecast to 2020”, defines and segments the global renewable chemical market and forecast of the market size by volume and value.

Renewable chemicals market size in terms of value is estimated to reach USD 84.3 Billion by 2020, with a CAGR of 11.47 % between 2015 and 2020.

Some of the prominent players in the Renewable Chemicals Market:

•          BioAmber (Canada)

•          Myriant Corporation (U.S.)

•          Metabolix Inc. (U.S.)

•          BASF SE (Germany)

•          Mitsubishi Chemical Corporation (Japan)

•          Braskem (Brazil)

•          Corbion N.V. (The Netherlands)

•          NatureWorks LLC (U.S.)

•          BioMCN (The Netherlands)

•          Genomatica (U.S.)

•          Cobalt Technologies (U.S.)

The drivers for renewable chemical market include abundant & low-cost feedstock, technological innovations, consumer acceptance for Eco-friendly products, and government support for Eco-friendly sources and processes. The factors hindering the growth of the renewable chemicals market are high price when compared to the conventional polymers and associated performance issues. However, with the increasing research and innovation, improvement is expected in the near future.

Ethanol is the most commercialized segment among all the major renewable chemicals. The U.S. and Brazil together account for more than 80.0 % of the global ethanol production. There is ample scope of growth in Canada, Europe, and developing nations such as China and India in the Asian region. In the bio-polymers segment; bio-PET and bio-PE together accounts for more than 50.0 % share, in terms of volume. Bio-PET is projected to register the highest CAGR of over 20.0 % (by volume), followed by PLA during the forecast period.

Microspheres Market worth USD 74.4 Million by 2020

According to the new market research report “Polyurethane (PU) Microspheres Market by Applications (Encapsulation, Coatings, Adhesives, and Cosmetics) – Global Trends & Forecasts to 2020”, The global Polyurethane (PU) microspheres market is projected to reach USD 74.4 Million by 2020 from USD 47.6 Million in 2014, growing at a CAGR of 7.8 % from 2015 to 2020

Europe is the most dominant region in the global Polyurethane (PU) microspheres market

The European region is the largest market for Polyurethane (PU) microspheres which accounted for the largest market share in 2014, followed by North America. The European region is a major consumer for wood coatings, architectural coatings, and plastic coatings for automotive underbody coatings, and hence commands the major share of the PU microspheres market by value. Europe being a global hub of premium automotive has a huge demand of Polyurethane (PU) microspheres making it the dominant market. Asia-Pacific is expected to be the fastest-growing market during the forecast period owing to the region’s major consumption of tapes, labels, and packaging material and the adoption of polyurethane microspheres as substitutes for conventional emulsions.

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Some of the Prominent Players in the Polyurethane (PU) Microspheres Market:

•          Microchem (Switzerland)

•          Sanyo chemical industries Ltd. (Japan)

•          Supercolori S.p.A. (Italy)

•          Kolon Industry Inc. (Korea)

•          Bayer Material Science LLC (Germany)

•          Heyo Enterprise Co. Ltd. (Taiwan, Republic of China)

•          Chase Corporation (U.S.)

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