Updated diverse market data (Part I)
TextileFuture is providing you with the latest segment market information for your perusal:
Advanced Composites Market worth USD 24.9 billion by 2020
The report “Advanced Composites Market by Type (Carbon, S-Glass, Aramid), by Manufacturing Process, by Resin Type (Thermoplastics and Thermosetting), by Application (Aerospace & Defense, Automotive, Wind, Sporting Goods, Pipe & Tanks, Construction, Marine), and by Region Global Forecast to 2020”, defines and segments the advanced composites market with an analysis and forecast of the volumes and values of types such as carbon composite, S-glass composite and aramid composite individually
Some of the Major Players in the Advanced Composites Market:
• Cytec Industries (U.S.)
• Tencate (The Netherlands)
• Owens Corning (U.S.)
• E.I. Dupont Nemours (U.S.)
• Toray Industries (Japan)
• Plasan Carbon Composites (U.S.)
• AGY Holdings Corporation (U.S.)
• SGL- Group (Germany)
• Huntsman Corporation (U.S.)
• Momentive Performance Materials Inc.
• Formosa Plastic Corporation (Taiwan)
• Teijin Ltd. (Japan)
The advanced composites end market in terms of value is expected to reach around USD 24.9 billion by 2020, growing at a CAGR of 7.2% between 2015 and 2020.
An advanced composite is a material designed for enhanced performance in a number of applications through improvement in structural, functional, or cosmetic properties. There are three main types of advanced composites, namely, carbon, S-glass, and aramid composite. The carbon fibre and S-glass fibre composites are used widely as compared with the aramid fibre composites. Carbon fibre, S-glass and Aramid fibre composites are now used widely for numerous applications such as Aerospace and defence, Wind, Automotive, etc. and there has been continuous increasing demand for advanced composites with required properties for many other applications. This report also identifies the driving and restraining factors for the advanced composites market with analyses of trends and opportunities. The market is segmented in terms of volume and value and forecasted on the basis of the key regions—North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Increase in demand from developed countries of North America and Europe
The leading carbon fibre composite manufacturers increased their capacity in North America and Europe in order to meet the growing demand from the aerospace & defence, automotive, pipe & tanks, wind, marine, and construction industries. Many leading companies recently increased their carbon fibre composite and S-glass composite production capacities in these regions. In North America and Europe, aerospace & defence, wind, and automotive are the major application industries of advanced composites.
Increasing demand from aerospace & defence and automotive industries
Advanced composites are used in the aerospace & defence and automotive industries, primarily in ballistic armour applications. High-performance carbon fibre has been used for many years; the new high-speed manufacturing technology is allowing carbon fibre composites to be used in production of vehicles. In order to make vehicles lighter, safer, cleaner, and more cost-effective, leading advanced composites industries are responding to the needs and expectations of the vehicle original equipment manufacturers (OEMs), system suppliers, and the consumers.
Antimicrobial Additives Market worth USD 3.95 billion by 2021
According to the new market research report “Antimicrobial Additives Market by Type (Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT)), Application (Plastic, Paints & Coatings, Pulp & Paper), End-Use Industry (Healthcare, Packaging, Food & Beverage, Construction) – Global Forecast to 2021”, The global market size of antimicrobial additives is projected to reach USD 3.95 Billion by 2021, registering a CAGR of 6.7 % between 2016 and 2021
Asia-Pacific to be the largest market during the forecast period
The antimicrobial 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, followed by North America, and is projected to be the fastest-growing market during the forecast period. This dominance by the Asia-Pacific region is mainly due to the rapid economic growth, particularly in the healthcare and packaging industries in the region. Also, rapid industrialization in Asia-Pacific, coupled with improved living standard, is driving the market for antimicrobial additives.
Some of the Major Players in the Antimicrobial Additives Market:
• BASF SE (Germany)
• The Dow Chemical Company (U.S.)
• Clariant AG (Switzerland)
• A. Schulman, Inc. (U.S.)
• Polyone Corporation (U.S.)
• Sanitized AG (Switzerland)
• Microban International (U.S.)
• Biocote Limited (U.K.)
• King Plastic Corporation (U.S.)
• Steritouch Ltd. (U.K.)
Silver-based antimicrobial additives to account for the major share of the market until 2021
The antimicrobial additives market is segmented by type, namely, inorganic (silver, copper, and zinc), and organic (OBPA, DCOIT, and Triclosan). In 2015, silver-based antimicrobial additive accounted for the maximum share of the overall market and is projected to witness high growth rate during the forecast period.
Healthcare to be the largest industry for the antimicrobial additives market between 2016 and 2021
The antimicrobial additives market is also segmented on the basis of end-use industry. The major end-use industries of antimicrobial additives are healthcare, packaging, food & beverage, construction, automotive, and others (agriculture, electronic goods, personal care, and industrial). The healthcare industry accounted for the largest share in the antimicrobial additives market. This industry is crucial for the antimicrobial additives market due to the volume of additives used. The use of antimicrobial additives in the healthcare industry provides integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, and beds.
Automotive Coating Market worth USD 16.24 billion by 2021
According to the new market research report “Automotive Coating Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) – Global Forecast to 2021”
The market size of Automotive Coating is estimated to grow from USD 11.57 Billion in 2016 to USD 16.24 Billion by 2021, at a CAGR of 7.02% between 2016 and 2021.
Some of the Key Players in the Automotive Coating Market:
• BASF SE (Germany)
• Axalta Coating Systems (U.S.)
• PPG Industries, Inc. (U.S.)
• Kansai Paint Co., Ltd (Japan)
• Nippon Paint Holdings Co., Ltd. (Japan)
• The Valspar Corporation (U.S.)
• KCC Corporation (South Korea)
• Sherwin-Williams (U.S.)
• AkzoNobel (Netherlands)
• Jotun A/S (Norway)
Clearcoat is the largest coat type in the automotive coating market
Clearcoat is the fourth and the last layer applied to a car’s body after basecoat, e-coat, and primer. This coat accounted for the maximum market share in 2015. It conveys no colour to cars body, but only a transparent coat. It helps protect basecoat from ultraviolet rays, sun, and extreme environmental conditions.
Water-borne is the fastest-growing technology segment in the automotive coating market
The major advantage of water-borne technology is low toxicity and flammability. This technology has low VOC and HAP emissions. It also has excellent adhesion and greater heat resistance compared to other technologies.
Rising demand in Asia-Pacific is the major driver of the automotive coating market
In 2015, Asia-Pacific was estimated to be the fastest-growing market, in terms of both volume and value, and is projected to continue so during the forecast period. Emerging markets in Asia-Pacific such as China, India, South Korea, and Southeast Asian countries are attracting global players to set up their manufacturing base in this region. In countries such as China and India, the wide customer base is pulling manufacturers to provide for the increasing demand of advance technology and quality products. Increased investments in various technological, infrastructural, and R&D sectors is driving the automotive coating market in the Asia-Pacific region.
Key Target Audience:
• Automotive coating manufacturers
• Raw material suppliers
• Traders, distributors, and suppliers of automotive coating
• Regional manufacturers’ associations and general coating associations
• Government and regional agencies and research organizations
• Investment research firms
Breathable Films Market worth USD 3.21 billion by 2021
According to the new market research report “Breathable Films Market by Type, (Polyethylene, Polyurethane, Polypropylene), Application (Hygiene, Medical, Construction, Industrial, Food Packaging), and Region – Global Forecast to 2021”
The global market size of Breathable Films, which was USD 2.10 Billion in 2015, is projected to reach USD 3.21 Billion by 2021, at a CAGR of 7.5 % between 2016 and 2021.
The major key players such as Clopay Plastic Products Company (U.S.), RKW Group (Germany), Mitsui Chemicals Incorporation (Japan), Toray Industries Inc. (Japan), Covestro (Germany), Nitto Denko Corporation (Japan), Fatra A.S. (Czech Republic), Arkema SA (France), Celanese Corporation (U.S.), and Trioplast Industrier AB (Sweden).
North America and Asia-Pacific together accounted for more than 60 % share of the breathable films market in 2015.
Asia-Pacific is the prime market for breathable films, globally. The region accounted for the maximum share of the breathable films market in 2015. Asia-Pacific is also projected to register the highest CAGR between 2016 and 2021, backed by the increasing demand from the rapidly emerging economies of the region.
North America is expected to maintain its position during the forecast period. The U.S. and Canada have higher percentage of old age population than Mexico, whereas Mexico has the highest birth rate in North America. So, the former two will be driving the breathable films market in adult diapers, while Mexico will be driving the breathable films market in baby diapers. High investments from manufacturers and capacity expansion in new markets will be the growth strategies for market dominance.
Hygiene: Major application for breathable films
Hygiene accounted for the maximum share of the market, in terms of value as well as volume, in 2015. Breathable films are used in disposable baby diapers, disposable sanitary napkins, and disposable incontinency adult diapers. These films are used as backsheet materials which provide improved comfort, better skin breathability, and help reduce skin rashes and sores. High birth rate is the major factor driving the baby diapers market, whereas increasing ageing population is fueling the adult diapers market growth. The increasing demand for premium diapers will drive the breathable films market during the forecast period.
Polyethylene: The largest type of breathable films
The growing popularity of various types of breathable films such as polyethylene, polyurethane, and polypropylene in various end-use applications plays a significant role in driving the market. Polyethylene breathable films account for the maximum share, in terms of value, of the overall market due to its excellent customizability and mechanical properties. There is rising demand for high performance and efficient breathable films, which is expected to drive the market for this segment.
Closed Moulding Composites Market worth USD 66.58 billion by 2021
According to the new market research report “Closed Moulding Composites Market by Fiber Type (Carbon, Glass), Application (Aerospace & Defence, Transportation, Construction, Wind, E&E), Process (Vacuum Infusion & Bagging, Compression Moulding, Pultrusion, Injection Moulding) – Global Forecast to 2021”.
The closed moulding composites market is projected to reach USD 66.58 Billion by 2021, registering a CAGR of 7.45 %, between 2016 and 2021.
Glass fibre composites comprise a major share in the closed moulding composites market, in terms of value and volume
Glass fibre composites have the highest market share in the closed moulding composites market owing to their use in construction, wind energy, and transportation applications. This is backed by their superior physical and mechanical properties such as strength, flexibility, durability, stability, and lightweight, as well as resistance to heat, temperature, and moisture.
Aerospace & defence is the largest application segment of the closed moulding composites market, in terms of value.
Closed moulding composites find high usage in the aerospace industry, with 50% of aircraft materials being manufactured using closed moulding composites. Vacuum infusion & bagging, compression moulding, VARTM, and RTM are generally used for manufacturing composites used in this industry. The use of closed moulding composites lowers the weight of aircraft, which helps improve their fuel efficiency. These factors increase the demand for improving the efficiency of closed moulding composites used in aircraft, thus increasing their consumption in the industry.
Asia-pacific accounts for a major share in the closed moulding composites market
Asia-Pacific accounts for the largest share in the closed moulding composites market owing to high demand from the wind energy, electrical & electronics, and construction applications in this region accompanied by regulatory norms requiring the use of eco-friendly materials. Growth of the wind energy industry in this region has increased the demand for producing lightweight closed molding composites. . The construction sector also drives the market, especially, in China and Japan. India is expected to become an important market for closed molding composites in the next five years due to growth of the end-use industries such as infrastructure, wind energy, transportation, and electrical & electronics.
Some of the key global players of the Closed Moulding Composites Market
• Continental Structural Plastics Inc. (U.S.)
• Core Molding Technologies (U.S.)
• Strongwell Corporation (U.S.)
• Royal TenCate N.V. (Netherlands)
• Menzolit GmbH (Germany)
• GKN Aerospace (U.K.)
Corrosion Monitoring Market worth USD 297.8 Million by 2021
According to the new market research report “Corrosion Monitoring Market by Type Technique (Corrosion Coupons, Electrical resistance, Linear Polarization Resistance, Galvanic, & Ultrasonic Thickness Measurement), End-Use Industry (Oil & Gas, Chemical, Manufacturing) – Global Forecast to 2021”
The corrosion monitoring market is expected to reach USD 297.8 Million by 2021, at a CAGR of 9.1 % between 2016 and 2021.
“North America and Asia-Pacific accounted for approximately 60% share of the global corrosion monitoring market in 2015”
Asia-Pacific is the largest market for corrosion monitoring market in the world in 2015. The Asia-Pacific market is also projected to register the highest CAGR between 2016 and 2021, backed by the increasing demand from fast emerging economies of the region. North America is expected to maintain its position during the forecast period. Increasing shale gas exploration activities and stabilizing chemical manufacturing market will drive the market till 2021. High investments from manufacturers for new product development and expansion in new markets will be the growth strategies for market dominance.
Some of the Major Players in the Corrosion Monitoring Market:
• Intertek (U.K.)
• SGS SA (Switzerland)
• Cosasco (U.S.)
• Korosi Specindo (Indonesia)
• Rysco Corrosion Services (Canada)
• BAC Corrosion Control (U.K.)
• Applied Corrosion Monitoring (U.S.)
• Permasense (U.K.)
• ICORR Technologies (U.S.)
• Pyramid Technical Services (India)
Oil & Gas – Biggest end-use industry for corrosion monitoring
The oil & gas industry accounted for the maximum share of the market, in terms of value, in 2015. The oil & gas industry comprises upstream, midstream, and downstream industries. All of them are always under strict scrutiny by environment watchdogs and regulators. Sufficient monitoring and protection of assets along with durability is achieved by best practices in corrosion monitoring systems. Increasing exploration and production along with increasing demand from downstream industries are projected to increase the demand for corrosion monitoring during the forecast period. The oil & gas industry accounts for almost four-fifths of the corrosion monitoring market and trend is projected to remain more or less constant during the forecast period.
Ultrasonic Thickness Measurement – Future of Corrosion Monitoring
Ultrasonic thickness measurement technique is the fastest-growing corrosion monitoring technique globally. It is projected to register a double digit CAGR during the forecast period. This technique is fast replacing older techniques such as corrosion coupons and electrical resistance. Ease of operations, quick and fast monitoring of process, and accuracy of data are the major factors for its increasing demand. When integrated with the process system of an equipment, the observations can be linked and better results for corrosion monitoring can be obtained. These factors are making this technique popular among end-user.
Flow Meters Market worth USD 8.72 billion by 2021
According to the new market research report “Flow Meters Market by Type (DP, PD, Magnetic, Ultrasonic, Coriolis, Turbine, Vortex), and by Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages) – Global Forecast to 2021”.
The market size of flow meter is projected to reach USD 8.72 billion, by 2021, registering a CAGR of 6.4 %, in terms of value, during the forecast period.
Some of the Major Players in the Flow Meters Market:
• Honeywell International Inc. (U.S.)
• Siemens AG (Germany)
• Emerson Electric Co. (U.S.)
• ABB Ltd. (Switzerland)
• Yokogawa Electric Co. (Japan)
Water & wastewater is the largest application segment for Flow Meter
The water & wastewater segment accounts for the largest share of the flow meter market. Flow meter is used in water flow monitoring, detection of leakage, water consumption, among other applications. Water is used in industrial, communal, and household applications. Without flow meter, the measurements and monitoring is not possible, which has resulted in increased use of flow meters. Moreover, water is an important constituent of various industrial operations such as in chemical, oil & gas, food & beverages, automotive, manufacturing industries including iron & steel. These industries need to monitor the flow rate and water use in their respective processes, which involves the use of flow meters. This has led to an increased use of flow meters in various segments of the market.
Coriolis flow meters are expected to witness the highest growth
Coriolis flow meters are expected to witness the fastest-growth in the flow meter market during the forecast period. Coriolis is highly preferred as it is highly accurate, reliable, easy to install, and the cost of maintenance is also low. The increased demand is due to the use in measuring the flow of sanitary, cryogenic, relatively clean, and corrosive liquids, and gases/vapours in pipes. The lower sensitivity to density makes it suitable for various industrial applications, where the physical properties of the fluid are not known. The application industries of these type of flow meters include water & wastewater, pulp & paper, petroleum & petrochemical, power, chemical, mining, and mineral processing industries.
High-Performance Insulation Materials Market worth USD 10.93 billion by 2021
According to the new market research report “High-Performance Insulation Materials Market by Type (Aerogel, Ceramic Fiber, Glass Bubble, EPS, XPS), Application (Oil & Gas, Industrial, Construction, Transportation and Power Generation, Automotive, and Paints & Coatings) – Global Forecast to 2021”
The global market size of high-performance insulation materials market was USD 5.79 Billion in 2015 and is projected to reach USD 10.93 Billion by 2021, at a CAGR of 11.2 %.
Some of the Key Players in the High-Performance Insulation Materials Market:
• Aspen Aerogels Inc. (U.S.)
• Cabot Corporation (U.S.)
• 3M Company (U.S.)
• Aerogel Technologies LLC (U.S.)
• Nano High-Tech Co. Ltd. (China)
• Guangdong Alison Hi-Tech Co. Ltd. (China)
• Morgan Thermal Ceramics (U.K.)
• Unifrax Corporation (U.S.)
• Shandong Luyang Share Co. Ltd. (China)
Asia-Pacific is the key market for high-performance insulation materials
Asia-Pacific dominated the high-performance insulation materials market in 2015. China is the second-largest high-performance insulation materials consumer in the world. The demand for the high-performance insulation materials is driven by from various sectors such as oil & gas, construction, automotive, and industrial, among others. The increase in infrastructural investments and rise in the number of new manufacturing establishments is anticipated to lead Asia-Pacific as the major driver of growth for the high-performance insulation materials market.
Oil & gas application to dominate the global high-performance insulation materials market
The oil & gas segment dominated the high-performance insulation materials market in 2015, in terms of value. The increasing demand for advanced insulation materials for critical applications is expected to sustain the growth of the high-performance insulation materials market in the oil & gas segment between 2016 and 2021. The demand for advanced insulation materials in oil & gas applications is mainly supported by increasing concerns regarding energy conservation.
“Aerogel materials segment projected to witness the fastest growth”
The aerogel materials segment is projected to witness the highest CAGR during the forecast period. Factors such as superior insulating properties, increasing concerns for energy conservation, reduction in green-house gases emissions, and cheap and abundant raw material availability will continue to drive the growth for this segment in the global high-performance insulation materials market.
Glass Insulation Market worth USD 58.71 billion by 2021
According to the new market research report “Glass Insulation Market by Type (Insulating Glass Unit, Glass Wool, Cellular Glass), Application (Non-Residential Construction, Residential Construction, Industrial, HVAC), and Region – Global Forecast to 2021”
The global glass insulation market is projected to reach USD 58.71 Billion by 2021, at a CAGR of 7.6% from 2016.
Some of the Key Players in the Glass Insulation Market
• Owens Corning (U.S.)
• Nippon Sheet Glass Co. Ltd. (Japan)
• Johns Manville (U.S.)
• Knauf Insulation (U.S.)
• PPG Industries, Inc. (U.S.)
• Certain Teed Corporation (U.S.)
The insulating glass units segment held the largest share of the global glass insulation market
The insulating glass units segment of the glass insulation market is expected to witness significant growth in the coming years. Growing concerns about the environment, especially in countries such as China and India, will lead to the growth of this segment in these countries. The governments of European countries are also supporting the development of energy-efficient green buildings, which is in turn contributes the growth of this unit.
Non-residential construction application held the largest share of the global glass insulation market
The non-residential construction application of the glass insulation market is expected to witness significant growth in coming years. Insulation helps these non-residential buildings in reducing heating & cooling loads, managing indoor climate temperature, reducing noise pollution, and hence creating a more environmentally sustainable building. Growth in this segment has been fueled by changes in building codes for increased energy efficiency.
• Glass insulation producers
• Glass insulation traders, distributors, and suppliers
• Manufacturers in end-use industries
• Associations and industry bodies
The Asia-Pacific region was the largest market for glass insulation in 2015
The Asia-Pacific region was the largest market for glass insulation in 2015, owing to the increasing demand for glass insulation products in developing e