New market segments data

New market segments data

Markets and Markets has been publishing new reports on diverse market segments and we would like to give you the major findings as a service to you

Medical Grade Silicone Market worth USD 7.23 Billion by 2021

According to the new market research report “Medical Grade Silicone Market by Product Form (Gels, Soft Skin Adhesives, Pressure Sensitive Adhesives, Coatings, Liquid Silicone), Application (Prosthetics, Implants, Orthopedic, Devices, Tubes, Catheters, Tapes, Wound Care), and by Region – Global Trends & Forecast to 2021”.

The market size of medical grade silicone is projected to reach USD 7.23 Billion by 2021, projected to grow at a CAGR of 9.4 %, during the forecast period.

North America is the world’s largest consumer of medical grade silicones and it continues to experience high demand growth in terms of value and volume. This region is diversified and is strongly focused on the development of new products and advanced technology for the same, to cater to the needs of its end users. The demand is mainly because of the existing medical grade silicone manufacturing companies in this region, technological advancements, and product modernization in terms of quality and application development. Another factor affecting the growth is the increase in the demand for medical grade silicone in sectors such as medical and healthcare.

Some of the major players in the Medical Grade Silicone Market are:

•             Dow Corning (U.S.)

•             Wacker Chemie AG (Germany)

•             Shin-Etsu Chemical Co., Ltd. (Japan)

•             Momentive (U.S.)

•             Bluestar Silicones (France)

•             3M Company (U.S.)

Gels (Unreinforced Silicone Elastomers): The largest product form in the medical grade silicone market

Silicone gel is increasingly being used in the healthcare industry in medical applications which range from very soft gels for prosthetic and implant applications, to very sticky gels for topical and transdermal wound care applications. They have proved to be very effective for scar treatment and cause 86 % decrease in texture, 84 % decrease in colour, and 68 % decrease in the scars. These are also used in other medical applications, such as skin coverings, comfort pads, and others. One of the latest advancements is the use of silicone gel for manufacturing silicone gel sheets which are used for the treatment of large scars that need to be protected and covered.

Prosthetics & Orthopedic: The largest application market for medical grade silicone

Medical implants are classified under prosthetics and are manufactured to replace missing natural structures, supports damaged biological structures, or enhance existing biological structures. The prosthetics market is witnessing new technological developments such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) that is used to improve the design and creation of dental restorations, especially dental prostheses, including crowns, crown lays, veneers, and orthodontic appliances; this is one of the major drivers for the implants market in the medical grade silicone market.

 

Plastic Additives Market worth USD 50.86 Billion by 2021

According to the new market research report “Plastic Additives Market by Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers), Plastic (Commodity, Engineering, and High Performance Plastic), and by Application (Packaging, Construction, Consumer Goods, Automotive) – Global Trends & Forecasts to 2021”.

The market size of plastic additives is projected to reach USD 50.86 Billion by 2021, registering a CAGR of 4.9 % between 2016 and 2021.

Asia-Pacific to be the largest market during forecast period

The plastic additives market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is the largest market of plastic additives, in terms of volume. The growing packaging industry coupled with the increasing demand from the retail industry drives the market of plastic additives in the region. Polymer industries are witnessing high growth in developing countries such as India and Brazil

Some of the Key Players in the Plastic Additives Market:

•             Songwon Industrial Co. Ltd. (South Korea)

•             Albemarle Corporation (U.S.)

•             Clariant AG (Switzerland)

•             BASF SE (Germany)

•             The Dow Chemical Company (U.S.)

Plasticizers segment to account for major share of the plastic additives market

The plastic additives market is segmented on the basis of type as plasticizers, stabilizers, flame retardants, impact modifiers, and others. Plasticizers account for a major share of the plastic additives market as it is extensively used to process polymers and are less expensive than other additives. They are usually combined with PVC or other polymers to impart unique physical properties for use in various applications such as cable jacketing, floor & wall coverings, and coating fabrics.

Plastic Additives

Plasticizers segment to account for major share of the plastic additives market

The plastic additives market is segmented on the basis of type as plasticizers, stabilizers, flame retardants, impact modifiers, and others. Plasticizers account for a major share of the plastic additives market as it is extensively used to process polymers and are less expensive than other additives. They are usually combined with PVC or other polymers to impart unique physical properties for use in various applications such as cable jacketing, floor & wall coverings, and coating fabrics.

Plastic Additives 2

Commodity plastic dominating the plastic additives market

Plastic additives are widely used in commodity plastic for various end-use products. Some of the commodity plastics are polyethylene, polypropylene, polystyrene, polyvinyl chloride, polymethyl methacrylate, and others. These are used to impart specific resin properties to processed polymers. Polyethylene products are mostly used in various end-use applications such as packaging bags, general plastic films, medical packaging, mulch films, green house & tunnel films, and pipes.

Packaging industry is the largest consumer of plastic additives

The packaging sector is the dominating application segment of the plastic additives market. Packaging is widely used for industrial and household purposes. Change in lifestyle and globalization have triggered the demand plastic additives from the packaging industry. Increasing use of plastics in consumer goods is also expected to drive the growth of the plastic additives market.

 

Variable Displacement Pumps Market worth USD 4.03 Billion by 2021

According to the new market research report “Variable Displacement Pumps Market by Type (Piston and Vane), Application (Hydraulic and IC Engine), End-use Industry (Construction, Mining, Automotive, Agriculture, Plastic, and Material Handling) – Global Trends & Forecasts to 2021”.

The Variable Displacement Pumps Market is projected to reach USD 4.03 Billion by 2021, registering a CAGR of 4.1% between 2016 and 2021.

Some of the Major Players in the Variable Displacement Pumps Market:

•             Bosch Rexroth AG (Germany)

•             Parker Hannifin Corp. (U.S.)

•             Danfoss A/S (Denmark)

•             Eaton Corporation (U.S.)

•             The Oilgear Company (U.S.)

•             Kawasaki Heavy Industries (Japan)

•             Yuken Kogyo Co., Ltd. (Japan)

•             Atos Spa (Italy)

•             Hawe Hydraulics (Germany)

•             Casappa Spa (Italy)

 

The variable displacement pumps market is segmented by application, namely, hydraulic machine and IC engine. In 2015, the hydraulic machine segment captured the maximum share of the overall market and is expected to witness moderate growth rate during the forecast period. The growth of the hydraulics machine application is primarily driven by the rising demand from end-use industries. On the other hand, the IC engine application is projected to be the fastest-growing application during the forecast period. The growing automotive industry boosts the vehicle production, thus fuelling the growth of the variable displacement pumps market across the globe.

Construction to be the largest end-use industry of the variable displacement pumps market between 2016 and 2021

The construction industry accounted for the largest share of the variable displacement pumps market. Variable displacement pumps are mostly used in construction equipment for better control over machine activity. The rising global population and need for construction activities are the major factors driving the growth of the construction industry across the globe, which in-turn is contributing to the growth of the variable displacement pumps market.

Asia-Pacific to be the largest market during the forecast period

The variable displacement pumps market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is the largest market and is projected to be the fastest-growing market during the forecast period. This dominance by the Asia-Pacific region is mainly due to rapid economic growth, particularly in the construction and automotive industries in the region. In addition, rapid industrialization in Asia-Pacific coupled with improved living standard is driving the market for variable displacement pumps.

 

Fireproof Insulation Market worth USD 23.79 Billion by 2021

According to the new market research report “Fireproof Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam & Others), Application (Residential Buildings, Commercial Buildings), Region (North America, Europe, Asia-Pacific, Middle-East & Africa, South America) – Global Forecast to 2021”, The global fireproof insulation market is expected to reach USD 23.79 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021.

Europe is the most dominant region in the global fireproof insulation market

Europe is the most dominant region in the global fireproof insulation market. It is estimated to witness a comparatively slower growth than other regions as some of the European countries are experiencing the economic downturn, which has significantly impacted the European construction sector. The energy-saving initiatives and continuous modifications in the building regulations have been helpful in supporting the market growth.

Some of the key players in the Fireproof Insulation Market:

•             Rockwool International A/S (Denmark)

•             Knauf Insulation GmbH (Germany)

•             Saint-Gobain S.A. (France)

•             Owens Corning Corporation (U.S.)

•             Berkshire Hathaway, Inc. (U.S.)

•             BASF SE (Germany)

•             Paroc Oy (Finland)

 

The residential buildings segment is anticipated to dominate the global fireproof insulation market, by application

The residential building is the largest application segment in the fireproof insulation market. This is mainly attributed to increase in adoption of fire safety regulation in the residential building sector in developing countries, thus increasing the demand for fireproof insulation. Fiber glass, stone wool, foam board, and PUR insulation are the materials majorly used for insulating flat fireproof.

Glass wool is the most commonly used material in the global fireproof insulation market

Glass wool dominates the global fireproof insulation market. Increasing demand from new construction around the globe is driving the growth of this segment. Glass wool is produced in rolls, blankets, slabs, and loose-fill with different thermal and mechanical properties. Glass wool products are capable of providing class 1 and class 0 level of fire safety according to the British Standards. These materials are acoustic, flexible, non-combustible, non-degradable, lightweight, and are not very expensive in comparison to other insulating materials which makes it a widely used insulant material used for fireproof insulation.

 

Polymethyl Methacrylate (PMMA) Market worth USD 5.56 Billion by 2021

According to the new market research report “Polymethyl Methacrylate (PMMA) Market by Grade (Optical and General Purpose), Form (Extruded, Cast Acrylic, Pellets, and Beads), and Application (Signs & Displays, Construction, Automotive, Lighting Fixtures and Electronics) – Global Trends & Forecasts to 2021”.

The market size of PMMA is projected to reach USD 5.56 Billion by 2021, registering a CAGR of 4.7 % during the forecast period.

PMMA Market

Asia-Pacific is the largest PMMA market

Asia-Pacific dominated the global PMMA market in 2015. The demand of PMMA in the Asia-Pacific region is mainly driven by the rising demand for high quality plastics from end-use industries. Asia-Pacific is estimated to be the fastest-growing market for PMMA, in terms of value. This high growth is because of the increased demand from the automotive and electronics segments in the region. Moreover, the growing infrastructural development is increasing the demand of PMMA in the region.

Some of the Major Players in the PMMA Market:

•             Mitsubishi Rayon Co. Ltd (Japan)

•             Sumitomo Chemical Co., Ltd (Japan)

•             Chi Mei Corporation (Taiwan)

“Signs & displays is the largest application”

The signs & display segment accounts for the largest share of the PMMA market. This is due to the favourable properties such as high strength, durability, resistance to chemicals and weathering, and ease of processing, which makes them suitable for making instruction boards, advertising boards, display boards, and signage. Electronics is the fastest-growing segment of the PMMA market. Increasing growth in this sector has paved the demand of PMMA for various applications such as appliances parts, LED/LCD screens, laptop & mobile phone screen, touch screens, and cover panels.

“PMMA beads are expected to witness the highest growth”

PMMA in beads form is expected to witness the fastest growth in the PMMA market during the forecast period. Their demand is increasing due to the increasing demand for various high-performance plastics. PMMA beads are preferred in the industry, as they are used to enhance the various properties of thermoplastics such as UV resistance, toughness (impact modifiers), optical properties, and chemical resistance. Thermoplastics made from PMMA are suitable for automotive, construction, lighting, electronics, and other application.

 

Fire Resistant Glass Market worth USD 7.36 Billion by 2021

According to the new market research report “Fire Resistant Glass Market by Type (Laminated, Ceramic, Tempered, Wired), by Application (Building & Construction, Marine, and Others), and by Region – Global Forecast to 2021”,global fire resistant glass market is projected to reach USD 7.36 Billion by 2021, at a CAGR of 12.9 %.

Some of the Major Players in the Fire Resistant Glass Market

•             Compagnie De Saint-Gobain (France)

•             SCHOTT AG (Germany)

•             NSG Pilkington (Japan)

•             Pyroguard (U.S.)

•             Asahi Glass Co. Ltd. (Japan)

Western Europe: The largest market for fire resistant glass

Western Europe is estimated to be the largest market for fire resistant glass globally. This is mainly attributed to the presence of a large number of fire resistant glass manufacturers, increasing government support, rising foreign investments, and growing demand for ceramic, tempered, and laminated fire resistant glasses from the building & construction, marine, transportation, and aerospace industries. Germany dominates the market owing to the stringent building safety codes and fire safety regulations for commercial buildings, and developmental strategies adopted by the manufacturers.

Fire resistant glass

Laminated: The largest fire resistant glass market, by type

Laminated is the largest type segment of the fire resistant glass market, as these glasses have the ability to provide effective glazing solutions with impact resistance, and heat & smoke resistivity. The demand for laminated fire resistant glasses is higher in applications where the fire safety and impact resistance codes are the highest. These glasses are made with various forms of interlayering such as EVA, PVB, and Gel depending on the application requirement.

Building & construction: The largest application market for fire resistant glass

Building & construction is currently the largest application of fire resistant glass. These glasses are used in fire-rated windows and doors, as they allow safe and unhindered passage access for people, firefighters, and rescue workers during fire mishaps. Their ability to prevent smoke and radiant heat from spreading in other parts of the building has made them a preferred option in various commercial and residential building applications such as schools, hospitals, stairs, and passages.

 

Energy Recovery Ventilator Market worth USD 3.39 Billion by 2021

According to the new market research report “Energy Recovery Ventilator Market by Technology (Plate Heat Exchange, Heat Pipe Heat Exchange, Rotary Heat Exchange, Run-Around Coil, and Others), Application (Commercial, Residential, and Others), Region – Global Forecast to 2021”, The global energy recovery ventilator (ERV) market is projected to reach USD 3.39 Billion by 2021, at a CAGR of 11.4% from 2016 to 2021.

Some of the Key Players in the Energy Recovery Ventilator Market

•             Mitsubishi Electric Corporation, Ltd.

•             Nortek Air Solutions

•             Munters Corporation

•             Greenheck

•             Renewaire, LLC

•             Reznor

•             Zehnder America, Inc.

•             Ruskin Rooftop System

•             DRI Innovative Solutions

North America was the largest market for global energy recovery ventilator market in 2015, globally

North America contributed the largest share to the global energy recovery ventilator market in 2015. A number of key trends, including the increasing demand for energy efficient devices and the consequent rise in the demand for ERV system in commercial and residential buildings as well as government regulations pertaining to the usage of energy efficient devices such as ERV are expected to fuel the demand for energy recovery ventilator systems in the region.

Energy Recovery Ventilators

Commercial segment is the fastest-growing application segment of the global energy recovery ventilator market

Commercial application is projected to be the fastest-growing application segment from 2016 to 2021. Key factors contributing to the growth of the commercial applications of energy recovery ventilators include rise in construction activities, government regulations, and increased awareness regarding energy-efficient ERV systems.

Plate heat exchange technology was the largest segment of the energy recovery ventilator market

Based on technology, the energy recovery ventilator market has been segmented into rotary heat exchange, plate heat exchange, heat pipe heat exchanger, and run-around coil. Plate heat exchange was the largest segment of the market in 2015. The growth of this segment is attributed to the ability of plate heat exchangers to recover over 80% of the available waste exhaust sensible heat.

 

High-Temperature Composite Materials Market worth USD 5.01 Billion by 2021

According to the new market research report “High-Temperature Composite Materials Market by Temperature Range (High and Ultra-High), Matrix System (PMC, CMC and MMC Materials), Application (Aerospace & Defense, Transportation, Energy & Power, E&E and Others) and by Region – Global Forecasts to 2021”.

In terms of value, the high-temperature composite materials market size was USD 3.36 Billion in 2015 and is projected to reach USD 5.01 Billion by 2021, registering a CAGR of 8.41 % between 2016 and 2021.

North America accounts for a major share of the high-temperature composite materials market

North America accounts for the largest market of high-temperature composite materials, globally, due to the high demand from the aerospace & defense industry and regulatory norms requiring the use of eco-friendly materials. Along with the existing capacities, several high-temperature composite manufacturers, such as GE aviation (U.S.) and Boeing Research & Technology (U.S.), are expanding their production capacities for high-temperature oxide/oxide ceramic matrix composite materials.

Some of the key players in the High-Temperature Composite Material Market:

•             Kyocera Chemical Corporation (Japan)

•             Royal Tencate N.V. (Netherlands)

•             Renegade Materials Corporation (U.S.)

•             Lonza Group (U.S.)

•             Ube Industries Ltd. (Japan)

Matrix System: Ceramic matrix composite materials comprise major share of the high-temperature composite materials market

Ceramic matrix composite materials have the highest market share of the high-temperature composite materials market due to large demand from the aerospace & defence industry. High-temperature ceramic is used in cylinder sleeves in engines, piston-recess walls bearings, and brake disks. Their properties such as reduced nitride oxide emission, less weigh & fuel burn, reduced noise, and ability to withstand very high temperatures are driving their growth in the aerospace & defence industry. Besides this, the consumption of ceramic matrix composite materials is also predicted to increase due to growing demand from nuclear fusion & fission reactors and petrochemical applications.

Polymer matrix based high-temperature composite materials are in high demand in the transportation industry

The demand for high-temperature polymer matrix composite materials in the transportation industry for weight reduction and fire, smoke & toxicity (FST) compliance is growing in the modern light and passenger rails. Further, health, safety, and environmental regulations regarding toxic smoke emission standards, specifically, in North America and Europe, are the major factors driving the demand of FST complaint high-temperature thermoset and thermoplastic composite materials in the transportation industry.

Acoustic Insulation Market worth USD 13.57 Billion by 2021

According to the new market research report “Acoustic Insulation Market by Type (Stone Wool, Glass Wool, and Foamed Plastics), End-Use Industry (Building & Construction, Transportation, and Industrial), and by Region – Global Forecast to 2021”.

The market size of Acoustic Insulation is estimated to grow from USD 9.86 Billion in 2015 to USD 13.57 Billion by 2021, at a CAGR of 5.50 %.

 

Some of the Prominent Players in the Acoustic Insulation Market:

•             Rockwool International A/S (Denmark)

•             Knauf Insulation GmbH (Germany)

•             Saint-Gobain SA (U.S.)

•             Owens Corning Corporation (U.S.)

•             Johns Manville Corporation (U.S.)

•             Kingspan Group PLC (Ireland)

•             Armacell GmbH (Germany)

•             BASF SE (Germany)

•             Paroc (Finland)

•             Fletcher Insulation (Australia)

Building & Construction: The Largest End-use Industry of the Acoustic Insulation Market

In 2015, the building & construction end-use industry accounted for the largest market share, in terms of value, followed by transportation and others. Commercial buildings consume more than 80% of the overall consumption of acoustic insulations in the building & construction industry. Acoustic insulation significantly reduces the levels of external noise entering homes, offices, and other commercial buildings, allowing for peaceful environment. The transportation end-use industry is estimated to register the highest CAGR, in terms of value, between 2016 and 2021. Growing demand for acoustic insulation in the automotive industry is mainly driven by the use of soundproofing application in engine components and sound systems.

Aerogel and Cellulose: The Fastest-growing Type Segment of the Acoustic Insulation Market

Aerogel and cellulose insulation products are estimated to register the highest CAGR between 2016 and 2021. The high growth is attributed to excellent sound absorption properties, easy handling, and technological developments. The aerogel and cellulose segment is projected to grow at a higher rate among all types, in terms of both value and volume.

Asia-Pacific: The Largest Market for Acoustic Insulation

Currently, Asia-Pacific is the largest market for acoustic insulation. China is the largest while India is the fastest-growing market for acoustic insulations in the region.

The following factors are the main driving forces for the acoustic insulation market in Asia-Pacific:

•             Increasing standard of living and demand for acoustic insulation for noise cancellation properties

•             Growing infrastructure activities with soundproofing applications in the commercial building & construction industry

•             Government regulations set for various industries for controlling noise pollution

 

SiC Fibres Market worth USD 510.28 Million by 2021

According to the new market research report “SiC Fibres Market by Type (ContiniousLong Fibres, ChoppedShort Fibres and Others) by Application (Aerospace, Power Generation, Nuclear Application and Others), by Region – Forecast to 2021”, The global silicon carbide (SiC) fibres market is projected to reach USD 510.28 Million by 2021, registering a CAGR of 2.91 % from 2016 to 2021.

Some of the key players in the SiC Fibres Market

•             SGL Group- The Carbon Company (Germany)

•             UBE Industries (Japan)

•             NGS Advanced Fibres Co. Ltd. (Japan)

•             COI Ceramics (U.S.)

•             Specialty Materials (U.S.)

•             Nippon Carbon Co. Ltd. (Japan)

•       &nb


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