Additional diverse market data
Textile Future presents data on diverse markets of interest
Acrylic Acid Market is worth USD 13.21 Billion by 2020
The report “Acrylic Acid Market by Derivative (Esters/Acrylates – METHYL, ETHYL, BUTYL, 2-EH; Polymers – Elastomers, Superabsorbent Polymers, Water Treatment Polymers; Other Derivatives), by Applications & Region – Global Forecast to 2020”, The global acrylic acid market size is estimated to grow from USD 10.25 Billion in 2015 to USD 13.21 Billion by 2020, at a CAGR of 5.2 %.
The market is driven by increasing demand for acrylic acid in emerging markets and high demand from the surface coatings, diapers, and adult incontinence application segments. Among all the regions, Asia-Pacific is projected to witness strong growth in the next five years. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Diapers and surface coatings: the largest application of acrylic acid
Surface coatings is one of the major applications of acrylic acid. Acrylic acid when reacted with alcohols, such as methanol, ethanol, and oxo alcohols like n-butanol and 2-ethylhexanol, gives the commodity acrylates. These commodity acrylates are widely used in the paints and coatings industry in waterborne coatings. As the governments are restricting the use of VOCs, solvent-based coatings are being replaced by water borne coatings, which is driving the demand growth of acrylic esters. SAP is another major application of acrylic acid which is used in the manufacture of diapers and female sanitary pads, which have a huge demand in the emerging markets of Asia-Pacific. Increasing lifespan and declining birth rates in some regions have led to increase in the global aging population. This would increase the demand for adult diapers, leading to an increase in the demand for SAP, mainly in the matured economies such as North America, Western Europe, and Asia-Pacific (Japan).
In 2015, Asia-Pacific is estimated to account for the largest market share in terms of volume. Robust demand in Asia-Pacific and increasing consumption for acrylic acid in surface coatings, adhesives, and diapers shall be the major driving factors for the global acrylic acid market during the forecast period. China is one of the leading consumers of acrylic acid worldwide with increased demand from various end-use applications.
Polyurethane (PU) Microsphere Market
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.
Encapsulants application to dominate the global Polyurethane (PU) microspheres market
Polyurethane microspheres finds its largest application as an encapsulating agent for various end use industries which include pharmaceutical, paints & coating, and agro chemical industries. Advantages such as coating with uniform thickness without defects or thick edges drives the demand of polyurethane microspheres in the paints & coatings industry.
Polymer Filler Market worth USD 53.10 Billion by 2020
According to the new market research report “Polymer Filler Market by Type (Organic: Natural Fibers, & Inorganic: Oxides, Hydroxides, Salts, Silicates, Metals, and Others), and by End User (Automotive, Building & Construction, Industrial, Packaging, and Others) – Global Forecast to 2020”, The global polymer fillers market size is estimated to grow from USD 45.24 billion in 2015 to USD 53.10 billion by 2020, at a CAGR of 3.3 %.
Salts, silicates, and oxides, the largest types of polymer filler
The growing popularity of polymer fillers in various types play a significant role in driving the market. Salts, silicates, and oxides are its most important types. The rising demand for low-cost fillers in countries, such as the U.S., Germany, India, and Brazil is expected to increase their demand in the coming years. Stringent environmental regulations and government guidelines have increased the importance of polymer fillers globally in the recent years. The U.S. is focused on increasing investments in the chemical processing sector, which will boost the demand for polymer fillers in the packaging, industrial, and automotive segments.
Rising demand in Asia-Pacific is the major driver for of the polymer filler market
Asia-Pacific was the largest and North America was the second-largest market for polymer fillers in 2014. The Asia-Pacific region also registered the highest growth rate between 2015 and 2020. The high demand in Asia-Pacific is due to growth in the building & construction and packaging industries in the last few years. The Chinese market for polymer fillers is growing at a fast pace, primarily due to the growing manufacturing sector driving the consumption of plastics-related products, domestically.
The scope of the report covers detailed information regarding the major factors influencing the growth of the polymer fillers market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies such as investments & expansions and mergers & acquisitions, and recent developments associated with the market.
Halogen-Free Flame Retardant Market worth USD 5.38 Billion by 2021
According to the new market research report “Halogen-Free Flame Retardants Market by Type (Aluminum Hydroxide, Organo-Phosphorus and Others), by Application (Polyolefins, UPE, ETP, and Others), by End-Use Industry (E&E, Construction, Transportation, and Others) and by Region – Global Forecasts to 2021”, The market size of halogen-free flame retardants was USD 3.36 Billion in 2015 and is projected to reach USD 5.38 Billion by 2021, registering a CAGR of 8.4 % between 2016 and 2021.
North America to be the largest market during the forecast period
The halogen-free flame retardants market is broadly segmented into six regions, namely, Asia-Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America. North America is the largest market for halogen-free flame retardants, followed by Western Europe. Asia-Pacific is projected to be the fastest-growing market during the forecast period. Growing industrialization has offered enormous opportunity for the various manufacturing industries to use halogen-free flame retardants in the Middle East & Africa. Moreover, the increasing inclination to synergist compounds as flame retardants is gaining momentum.
Aluminum hydroxide to account for the major share of the halogen-free flame retardants market until 2021, in terms of volume
The halogen-free flame retardants market is segmented by type, namely, aluminum hydroxide, organo-phosphorus chemicals, and others. Aluminum hydroxide is the most preferred type and holds the major market share in global halogen-free flame retardants market. The factors driving the aluminum hydroxide market are its low cost, easy availability, and high use in all the sectors.
Growing electrical & electronic industry in the emerging regions to drive the halogen-free flame retardants market
The electrical & electronic industry is leading the halogen-free flame retardants market. This is due to the rapid growth of the automotive, construction, textiles, and electrical & electronics industries in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increased government regulations to abide strictly by the norms to attain fire safety in their products. With the innovative approach toward using technology as the key parameter, the market of halogen-free flame retardants is going to rise further.
Maleic Anhydride Market worth USD 5.08 Billion by 2020
According to the new market research report “Maleic Anhydride Market by Raw Material (N-Butane and Benzene), by Application [UPR, 1,4-BDO, Additives, Copolymers, and Others), and by Region (NA, APAC, Europe, Row) – Global Forecast to 2020“, The maleic anhydride market size, in terms of value, is projected to reach USD 5.08 Billion by 2020, at a CAGR of 6.8 % between 2015 and 2020.
N-Butane to account for the major share of the maleic anhydride market until 2020
The maleic anhydride market is segmented by raw material, namely, n-butane, and benzene. N-Butane is the most preferred raw material and holds the major market share in global maleic anhydride market. The factors driving the n-butane maleic anhydride market are its lower cost process with higher productivity, a lower amount of risk involved, less complex production process, and it is less harmful to the environment.
Asia-Pacific to be the largest as well as the fastest-growing market during the forecast period
The maleic anhydride market is broadly segmented into four regions, namely, Asia-Pacific, North America, Europe, and Rest of the World. Asia-Pacific is the largest market for maleic anhydride, followed by North America. Asia-Pacific is projected to be the fastest-growing market during the forecast period. Growing industrialization, in the region, has offered enormous opportunity for the use industries of maleic anhydride in the Asia-Pacific region.
Growing automotive industries and industrialization to drive the UPR application
The UPR application is leading the maleic anhydride market. This is owed to the rapid growth of the automotive, construction & manufacturing, and marine industry in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. This growth in the automotive industry eventually contributes to the growth of UPR in the Asia-Pacific region.
Moulding Compound Market worth USD 10.96 Billion by 2020
According to the new market research report “Moulding Compound Market by Thermoset Resin Type (Phenolic, Epoxy, Polyester and Others), by Applications (Electricals, Aerospace, Automotive and Others), and by Region- Global Forecasts to 2020”, The global moulding compounds market by thermoset resin type is projected to grow from USD 8.04 Billion in 2015 to USD 10.96 Billion by 2020, at a compound annual growth rate (CAGR) of 6.40 % between 2015 and 2020.
Rising need for thermally stable and corrosion resistant components will drive the moulding compounds market by thermoset resin type for various applications
The major forces driving the thermoset moulding compounds market are replacement of traditional materials thermoset moulding compounds products. These products offer superior properties including corrosion resistance, heat resistance, and dimensional stability.
“Phenolic moulding materials offer outstanding long-term engineering performance when exposed to elevated temperature”
The phenolic moulding compounds is projected to be the fastest-growing segment during the forecast period in the thermoset moulding compounds market. With their properties they are used in applications such as disc break pistons, commutators, circuit breakers, and so on.
Asia-Pacific is the largest market for thermoset moulding compounds
China contributes a major market share in the global as well as Asia-Pacific thermoset moulding compounds market. The growing economy, industrial development with the availability of low-cost labour in the region, and the increasing demand of low-maintenance products are some of the factors driving the thermoset moulding compounds market in Asia-Pacific.
Optical Brighteners Market worth USD 1.05 Billion by 2020
The report “Optical Brighteners Market by Application (Paper, Fabrics, Detergents & Soaps, Synthetics & Plastics & Others), by End User (Consumer Products, Textiles & Apparel, Packaging, Security & Safety & Others) – Global Forecast to 2020”, The global optical brighteners market size is estimated to grow from USD 663.0 Million in 2015 to USD 1.05 Billion by 2020, at a CAGR of 9.6 %.
The market is driven by increasing demand for optical brighteners in emerging markets and high demand from the paper, fabrics, detergents & soaps, and synthetics & plastics application segments. Among all the regions, Asia-Pacific is projected to witness strong growth in the next five years. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Paper, fabrics and detergents & soaps, the largest applications of optical brighteners
The growing popularity of optical brightners in various applications play a significant role in driving the market. Paper, fabrics, and detergents & soaps are its most important applications. 1 kg. of plastic consumes around 0.0010% of optical brighteners and its usage is on the increase. The rising demand of biodegradable brighteners in countries such as Germany, and France is expected to drive this market. The increasing textiles & apparels industry is the major factor for the increasing demand of optical brighteners in the Asia-Pacific region. China is focused on improving its technologies and with significant support from the central government, many Chinese producers in the industry are now seeking to produce high end, high value- added products.
In 2015, Europe was the largest market for optical brighteners but Asia-Pacific registered the highest growth rate during the period forcasted between 2015 and 2020. The APAC region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the largest market for optical brighteners globally with major demand from paper application. The Indian government has started investment promotion programs to assist companies that are developing and manufacturing detergents & soaps and thus pushing the growth of this market upward.
Semi-Automatic and Manual Filling Equipment Market worth USD 4.52 Billion by 2020
According to the new market research report “Semi-Automatic and Manual Filling Equipment Market by Type (Semi-Automatic Filling Equipment, Manual Filling Equipment), Application (Chemical, Health & Pharmaceutical, Food & Beverage, Personal Care, Paint & Coating, Others), and Region – Global Forecast to 2020”. The global semi-automatic and manual filling equipment market was valued at USD 3.56 Billion in 2015, and is expected to reach USD 4.52 Billion by 2020, at a CAGR of 4.9 % from 2015 to 2020.
Among all types, the semi-automatic filling equipment segment led the global semi-automatic and manual filling equipment market
The semi-automatic filling equipment segment led the global semi-automatic and manual filling equipment market by accounting for the maximum market share in 2014. Use of semi-automatic filling equipment in the filling process offers high accuracy and reduces material wastage.
Food & beverage is the largest application segment of the global semi-automatic and manual filling equipment market
The food & beverage application segment led the filling equipment market in 2014, and is projected to grow at the highest CAGR between 2015 and 2020. The increasing requirement for packaging of juices, teas, sports drinks, bottled water products, and nutritional supplements, in different sizes and volumes, is propelling the growth of the global semi-automatic and manual filling equipment market.
Asia-Pacific led the global semi-automatic and manual filling equipment market
The Asia-Pacific region led the global semi-automatic and manual filling equipment market in 2014, by accounting for the maximum market share. This market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The increasing presence of key market players in this region has led to innovation and development in the field of filling equipment, especially in India and China.
An in-depth market share analysis, in terms of revenue, of top companies is also included in the report. These numbers are arrived at, based on the key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives.
Waterproof Adhesives and Sealants Market worth USD 24.75 Billion by 2020
The report “Waterproof Adhesives and Sealants Market by Chemistry (Silicones, PU, Acrylics, Epoxy, Polysulfide, and Others), by Application (Building & Construction, Transportation, Electronics & Electrical, and Others) by Region – Global Forecasts to 2020”, The global waterproof adhesives and sealants market size is projected to reach USD 24.75 Billion by 2020, registering a CAGR of 5.95 %.
Silicones: The highest demanded and fastest-growing polymer in the waterproof adhesives and sealants market
Silicones are versatile polymers with excellent adhesion properties of that come from their chemical structure. This allows them to bind together materials that were traditionally difficult to unite such as glass, metal, and stone. Silicones are highly water resistant as they block the passage of water or any liquid and do not degrade the humidity. Therefore, silicone-based adhesives and sealants are used for applications such as aquaria, underwater respiratory devices, swimming pool construction, and nautical electronic equipment. Thus, the market for silicones is projected to be the fastest-growing chemistry and accounts for the major share of the overall waterproof adhesives and sealants market
Building & Construction: The largest application for waterproof adhesives and sealants
The building & construction industry is the largest end user of waterproof adhesives and sealants that accounted for the major share of the market, in terms of value, in 2014. Waterproof adhesives and sealants are widely used for construction of curtain wall, glazing, marine, control joints, pre-cast concrete panel joints, tiling, and roofing applications globally due to its low cost, strong adhesion, and better performance. The market for waterproof adhesives and sealants in the building & construction application is driven by high government investment in infrastructural development activities, that is, residential and non-residential construction.
Asia-Pacific – The largest market for waterproof adhesives and sealants
Asia-Pacific is the largest market for waterproof adhesives and sealants with major developments witnessed in China, Japan, and India. Asia-Pacific accounted for a large share in the global waterproof adhesives and sealants market, in terms of value, in 2014. This region is expected to dominate the market until 2020. Asia-Pacific is expected to remain the largest market until 2020 with high investments in growing applications such as mining, construction, transportation, electronics & electrical industries. Asia-Pacific is projected to be the fastest-growing waterproof adhesives and sealants market. This high growth is attributed to expansion of production capacity, competitive manufacturing costs, and other strategic developments.
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