Another update on important Market Segments Data
TextileFuture gives you an update on important market segments data
Active Ingredients Market for Cosmetics worth USD 4.45 Billion by 2026
The report “Active Ingredients Market for Cosmetics by Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, Hair Care) – Global Forecast to 2026”, The global active ingredients market for cosmetics was valued at USD 2.63 Billion in 2015 and is projected to reach USD 4.45 Billion by 2026, at a CAGR of 5.2% from 2016 to 2026
The major manufacturers of cosmetic active ingredients are
• AkzoNobel N.V. (Netherlands)
• BASF SE (Germany)
• Clariant AG (Switzerland)
• Sederma Inc. (France), and
• Evonik Industries AG (Germany)
Increasing demand of anti-aging, skin whitening, and sun protection products coupled with the increasing demand for multifunctional ingredients is estimated to drive the market.
Cosmetic active ingredients are then either sold directly to the end users or through distributors. The end-use companies involved in the use of these active ingredients are
• Procter & Gamble Co. (U.S.)
• L’Oréal S.A. (France)
• Unilever (U.K.)
• Avon Products Inc. (U.S.), and
• Beiersdorf AG (Germany), among others
Conditioning agents segment accounts for the largest share of the active ingredients market for cosmetics
The active ingredients market for cosmetics is segmented based on functionality into conditioning agents, UV filters, anti-aging agents, and skin lightening agents. In 2015, the conditioning agents segment captured the largest share of the overall active ingredient market for cosmetics. The major factor for this large share is due to their wide applicability in both hair care and skin care applications. Increasing population and rising per capita spending on cosmetics in Asia-Pacific and Europe drive the market for this segment. However, the conditioning agents market in North America will register low growth due to the increasing government regulations in the region.
Growing demand from the skin care segment to boost the cosmetic active ingredients market
The major applications of active ingredients for cosmetics are skin care and hair care. The skin care segment is expected to register the highest CAGR during the forecast period. Cosmetic skin care products are widely in demand across the world due to common need of humans to look good. The need of a bright and glowing skin is a major thriving factor for the growing demand of beauty and skin care products. An increase in male-specific cosmetic products and growing population in the Asia-Pacific region is expected to boost the demand of skin care cosmetics products, thereby increasing the demand of active ingredients used in these products.
Europe: The largest active ingredients market for cosmetics
The global active ingredients market for cosmetics is segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. Europe is the largest cosmetic active ingredients market, closely followed by Asia-Pacific. The largest market share of Europe can be attributed to factors such as high awareness among consumers to use beauty products to lighten the skin, wide-variety of cosmetic products availability, and presence of many international cosmetic products manufacturing brands.
Antifouling Paints & Coatings Market worth USD 9.22 Billion by 2021
The report “Antifouling Paints and Coatings Market by Type (Copper-Based, Self-Polishing, Hybrid, Others), Application (Shipping Vessels, Drilling Rigs & Production Platforms, Others), Region (APAC, Europe, North America, MEA, Latin America) – Global Forecast to 2021”, High demand for antifouling paints & coatings from the shipping industry is expected to drive the growth of the market in near future
The Global Antifouling Paints & Coatings Market is projected to reach USD 9.22 billion by 2021, at a CAGR of 8.6 % from 2016 to 2021
Key players operational in the antifouling paints & coatings market include
• AkzoNobel N.V. (Netherlands)
• Hempel A/S (Denmark)
• BASF SE (Germany)
• PPG Industries (U.S.)
• The Sherwin-Williams Company (U.S.)
• Jotun (Norway), and
• Chugoku Marine Paints, Ltd. (Japan).
The report provides detailed qualitative and quantitative analysis of the global antifouling paints & coatings market, along with market drivers, restraints, opportunities, and challenges. The top players of this market are profiled in detail, along with recent developments and other strategic industry-related activities.
Shipping vessels was the fastest-growing application segment of the global antifouling paints & coatings market
Shipping vessels segment contributed the largest share to the antifouling paints & coatings market in 2015, and is projected to be the fastest-growing application segment from 2016 to 2021. This growth can be mainly attributed to the increased demand of antifouling paints & coatings, as they provide smoothness and superior polishing effect to hulls and underwater surfaces of shipping vessels.
Copper-based antifouling paints & coatings was the largest segment of the antifouling paints & coatings market
Based on type, the antifouling paints & coatings market has been segmented into copper-based, self-polishing copolymer, hybrid, and others. Copper-based was the largest segment of the market in 2015. Copper-based antifouling paints & coatings are environment friendly, as they ensure foul-free surfaces of shipping vessels. They also help in saving fuel, thereby reducing the emission of greenhouse gases.
Asia-Pacific was the largest market for global antifouling paints & coatings market in 2015, globally
Asia-Pacific was the largest market for antifouling paints & coatings market in 2015, owing to the rise in demand of antifouling paints & coatings in this region. This increased demand can be attributed to the growing number of ship building activities in the region. China, Korea, and Japan are the leading countries in the ship building industry in Asia-Pacific. Low cost of raw materials and labour, as well as the introduction of advanced products is expected to drive the growth of the antifouling paints & coatings market in these countries.
Asphalt Additives Market worth USD 5.45 billion by 2026
According to the new market research report “Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) – Global Forecast to 2026”, The asphalt additives market is projected to reach USD 5.45 billion by 2026, at a CAGR of 6.4 % between 2016 and 2026
Major Key players in the Asphalt Additives Market
• AkzoNobel NV (Netherlands)
• E. I. du Pont de Nemours and Company (U.S.)
• Arkema SA (France)
• Honeywell International, Inc. (U.S.)
• Evonik Industries (Germany)
• Huntsman Corporation (U.S.)
• Kraton Corporation (U.S.)
• Sasol Limited (South Africa)
• The Dow Chemical Company (U.S.)
• Ingevity Corporation (U.S.)
• Arrmaz (U.S.)
Leading players such as AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), and Arkema SA (France) are focusing on entering new markets by expanding their production capacities and launching technologically advanced products for road construction, and paving and roofing. This is expected to drive the asphalt additives market in the future.
Based on type, the polymeric modifiers segment accounted for the largest share of the asphalt additives market in 2015.
Based on type, the polymeric modifiers segment of the asphalt additives market is expected to witness significant growth in the coming years. Polymeric modifiers are used throughout the world for improving flexibility and durability of asphalt pavements. They are easy to use and are easily available, thus making polymeric modifiers the most preferred asphalt additive.
Based on application, the road construction & paving segment accounted for the largest share of the asphalt additives market in 2015
The road construction and paving application segment of the asphalt additives market is expected to witness significant growth in the coming years. Governments of countries such as China, India, Malaysia, and Indonesia in the Asia-Pacific region have invested heavily in infrastructure development, which is driving this application segment of the asphalt additives market.
Based on technology, the hot mix segment accounted for the largest share of the asphalt additives market in 2015
Based on technology, the hot mix segment of the asphalt additives market held the largest share of the asphalt additives market in 2015. Hot mix asphalt is durable, and resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to the construction of high traffic roads such as highways, racetracks, and airfields.
The Asia-Pacific region dominated the asphalt additives market in 2015
Asia-Pacific dominated the asphalt additives market in 2015, owing to the increasing demand for asphalt additives in developing economies, such as India and China. China is the leading consumer of asphalt additives in the Asia-Pacific region. Extensive growth and innovation, along with industry consolidations, is expected to drive the Asia-Pacific asphalt additives market.
Automotive Aftermarket Fuel Additives Market worth USD 1387.0 Million by 2021
According to the new market research report “Automotive Aftermarket Fuel Additives Market by Application (Gasoline, Diesel), Distribution Channel (Big Stores, 4S Stores, Unauthorized Centers, Gas Stations, and so on), Supply Mode – Global Forecast to 2021”, The market of automotive aftermarket fuel additives is estimated to grow from USD 919.6 million in 2015 to USD 1387.0 million by 2021, at a CAGR of 7.15 %, in terms of value
The major key players such as Afton Chemical Corporation (U.S.), Chevron Oronite Company LLC. (U.S.), Total S.A. (France), BASF SE (Germany), Lucas Oil Products, Inc. (U.S.), Ashland Inc. (U.S.), BG Products, Inc. (U.S.), Lubrizol Corporation (U.S.), and Infineum International Ltd. (U.K.).
North America is the largest market for automotive aftermarket fuel additives
North America has, conventionally, always been a strong market for fuel additives. Due to stringent environmental regulations, this industry is experiencing significant growth. The North American market is highly regulated with the Environmental Protection Agency (EPA), playing a key role in commercializing and monitoring the automotive aftermarket fuel additives products.
Deposit control additives type accounted for the highest demand in the automotive aftermarket fuel additives market
The deposit control additives segment has been witnessing significant demand in recent years due to the several advantages it offers when added to fuel. Improper fuel combustion leads to the increase in emissions and a decrease in the fuel economy of the engine. The diesel flow is choked due to the deposits that build up in the injector nozzle holes. These deposits affect fuel delivery to the engine, thereby impacting combustion, emission and fuel economy. This segment accounted for the largest market share, in terms of value, in 2015.
E-commerce, 4S stores and big stores are preferred channels of distribution
The end-users of these automotive aftermarket fuel additives are the automotive vehicle owners. 4S stores (sale, spare parts, survey and service) and big stores such as Wal-Mart are the most preferred distribution channels for automotive aftermarket fuel additives products. E-commerce is also gaining wide acceptance for the same due to internet penetration among the customers.
Butylated Triphenyl Phosphate Market worth USD 30.7 Million by 2026
According to the new market research report “Butylated Triphenyl Phosphate Market by Application (Lubricants, Hydraulic Fluids, Flame Retardants), and Region – Global Forecast to 2026”, The global butylated triphenyl phosphate market is projected to reach USD 30.7 million by 2026, at a CAGR of 4.8% from 2016 to 2026
Major Players Covered in this Report:
• Chemtura Corporation (U.S.)
• Israel Chemicals Ltd. (Israel)
• Lanxess AG (Germany)
• PCC Rokita S.A. (Poland)
• ROCOL (Division of ITW Inc.) (U.K.)
• Mattei Compressors Ltd (U.K.)
• Chemwill Asia co., Ltd (China)
Lubricants application segment to lead the butylated triphenyl phosphate market by 2026
Lubricants was the largest application segment of the global butylated triphenyl phosphate market in 2015. The large share is attributed to the growing use of butylated triphenyl phosphate in the automotive industry as a flame retardant additive in lubricants and hydraulic fluids. Butylated triphenyl phosphates are used as lubricant and hydraulic fluids in light automobiles as well as heavy transportation vehicles.
The automotive industry is growing globally, and according to the Organization Internationale des Constructeurs d’Automobiles (OICA) correspondents’ survey, 90.78 billion vehicles were produced in 2015. Apart from lubricants, another major application for butylated triphenyl phosphate is in flame retardants. Butylated triphenyl phosphate’s superior flame retardant capabilities has led to an increase in its demand from the plastics industry.
Asia-Pacific to lead the global butylated triphenyl phosphate market during the forecast period
The Asia-Pacific region accounted for the largest share of the global butylated triphenyl phosphate market in 2015, followed by North America and Europe. China is one of the major consumers of butylated triphenyl phosphate in the Asia-Pacific region. The increasing number of vehicles in the Asia-Pacific region, and the rising demand for butylated triphenyl phosphate from the construction sector, are factors driving the Asia-Pacific butylated triphenyl phosphate market.
Composites Testing Market worth USD 3.06 billion by 2026
According to the new market research report “Composites Testing Market by Testing Type (Destructive, Non-Destructive), Product Type (Continuous Fiber, Discontinuous Fiber, Polymer Matrix, Ceramic Matrix), Application (Aerospace & Defence, Transportation, Wind) & Region – Global Forecast to 2026”
The Composites Testing Market is projected to reach USD 3.06 billion by 2026, growing at a CAGR of 6.95 %, from 2016 to 2026.
Some of the key Players in the Composites Testing Market:
• Exova Group plc (U.K.)
• Intertek Group plc (U.K.)
• Mistras Group Inc. (U.S.)
• Element Materials Technology (U.S.)
• Westmoreland Mechanical Testing & Research Inc. (U.S.)
• Matrix Composite Inc. (U.K.)
• Instron (U.K.)
• ETIM Composites Testing Laboratory (France)
• Henkel AG & CO. KGaA (Germany)
Europe accounts for a major market share of the composites testing market
Europe accounts for the largest market share in composites testing, globally. This is due to the high demand for composites from Europe’s commercial aircraft and transportation industry, the presence of major composite testing service providers and the stringent regulatory norms such as, by the European Committee for Standardization (CEN) to ensure and maintain the quality of composites. The composites testing service providers in this region are focusing on capacity expansions in composites production to meet the high demand for non-destructive testing from commercial airline companies. For instance, Exova Group Plc. invested millions of Euros in Exova’s aerospace composites and metals testing site in Toulouse (France) in October 2013, which is helping the company to increase its capacity to meet customer needs. Further, the penetration of composites is growing in the wind energy application in Europe, which is further driving the composites testing market in this region.
Continuous fibre composites comprise a major share in the composites testing market in terms of value
Continuous fibre composites have the largest market share in the global composites testing market. Owing to their superior performance, continuous fibre composites are extensively used in high-end applications such as aerospace & defence and transportation. Since the share of composites in these applications is very high, the market for continuous fibre composites testing is also very large as compared to the testing of other composite products. Further, the demand for continuous fibre composites is also very high from the next generation aircraft, fighter planes and advanced light weight automotives, which further increases the share in the composites testing market.
Non-destructive testing accounted for the largest market share in the composites testing market
Non-destructive testing is done to test the composites that are mostly used in critical safety applications for example in aircraft primary structures and interior and exterior structures of transport vehicles. The non-destructive testing of such composite materials is more crucial and demanding in these high-end applications to ensure the quality of composites and safety of passengers. The high growth of the global aerospace & defence and transportation industries, coupled with the increasing penetration of composites in aircraft is driving the non-destructive composites testing market.
Core Materials Market for Composites worth USD 1.72 Billion by 2021
The report “Core Materials Market for Composites by Type (Foam, Honeycomb, and Balsa), by End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction, and Others), and by Region – Global Forecasts to 2021”, The global core materials market for composites is projected to reach USD 1.72 billion by 2021, registering a CAGR of 8.60 % between 2016 and 2021
The key players in the global core materials market for composites adopted various development strategies in the last five years. Agreements, partnerships, & joint ventures, expansions, new product & technology launches, and mergers & acquisitions are some of the key strategies undertaken by major companies. Some of the leading manufacturers of core materials for composite include Diab Group (Sweden), Hexcel Corporation (U.S.), 3A Composites (Switzerland), Euro-Composites S.A. (Luxembourg), Gurit Holding AG (Switzerland), The Gill Corporation (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (U.S.), Armacell International S.A. (Luxembourg), and Evonik Industries AG (Germany).
Asia-Pacific is estimated to be the largest market of core materials for composites, in terms of volume. This dominance is expected to continue till 2021. It is the largest regional market for wind energy, with its capacity additions totaling 33,986 MW in 2015. As wind energy installation is growing at the highest rate in this region, there is high demand of core materials for composite.
The key countries in this region, namely, China, Japan, India, and Malaysia are witnessing a gradual increase in the use of core materials in wind energy, aerospace, transportation, and other industries.
Foam core is estimated to be the largest and the fastest-growing type in the core materials market for composites as they are used in various applications such as wind energy blades, wind turbines, nacelles, and so on. Foam core materials are used in sandwich construction of wind blades; they impart strength and stiffness while keeping the composite structure lightweight. Also, Balsa cross-linked PVC, PET, and SAN foam are other popular core materials used in wind energy turbines.
The growth of core material for composite is mainly driven by the rising demand for superior performance and environmental friendly material from the wind energy and aerospace industries. Contributions of various research organizations toward the research & development of core materials and enhancement of its commercialization are also some of the key growth factors for the market.
China leads the core materials market in Asia-Pacific, accounting for more than half of the demand in the region. Increasing number of wind energy installations and high-speed rail projects is driving the demand for core materials for composite in the country.
The wind energy industry is projected to be the fastest-growing application of core materials for composites during the forecast period because of the increasing demand of composite in large blades for wind turbines. In addition, the renewal of Production Tax Credit (PTC) has helped the wind energy market to grow since last year, thus driving the growth of the core materials market for composites. The wind energy market is estimated to grow in the future too because of the rising demand for clean energy across the globe that is estimated to lead the growth of core material for composite.
FRP Tank Market worth USD 2.32 billion by 2021
According to the new market research report “FRP Tank Market by Resin Type (Polyester and Epoxy), Fibre Type (Carbon & Glass), Application (Water & Waste Water Treatment, Chemical, Oil and Gas, Pulp & Paper, and Power) – Global Forecast to 2021”, The FRP tank market was worth USD 1.76 billion in 2015, and is projected to reach USD 2.32 billion by 2021 at a CAGR of 4.73 % between 2016 and 2021
The major key players such as Enduro Composites (U.S.), ZCL Composites (Canada), Luxfer holdings (U.K.), and Hexagon Composite Engineering Sdn Bhd (Malaysia).
The market for FRP tank is driven by the increasing demand for lightweight and non-corrosive storage tanks in water treatment, chemical, and oil & gas applications. Lower maintenance of FRP tanks also helps in lowering the overall operating cost of storing and transporting water and other chemicals.
Glass fibres comprise a major share in the FRP tank market, in terms of value
Glass fibre is the leading type of fibre used for various FRP tanks applications such as chemicals, oil & gas, water & waste water, pulp & paper, and so on. This is because of its lower cost and superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture. Less complexity and lower maintenance cost in manufacturing of glass fibre-based FRP tanks contributed to the dominance of these tanks.
Water and Waste Water is the largest application market for FRP tank, in terms of volume
FRP tanks generally use glass fibre reinforced polymers and offer complete solutions against highly corrosive fluids and harsh environment conditions at various temperatures, pressures, and adverse weather and soil conditions. Composite tanks are used in portable water storage and waste water storage. Wastewater contains faeces, urine, and other solid waste in different concentrations having different densities, particle size, and hardness; these particles damage the tanks from within. Traditional tanks made up of steel used to corrode quickly and break due to the nature of waste they carried. Metal tanks in the sewage system are now being replaced by the FRP tanks.
Asia-Pacific accounts for a major share of the FRP tank market
Asia-Pacific accounts for the largest market of FRP tank, globally, due to the high demand of lightweight and non-corrosive storage tanks from the chemical, power, and water & waste water applications. China has become one of the single-largest consumers of FRP tanks in various applications due to the large presence of end-use industries of FRP tank in the region. India is also estimated to be one of the promising markets of FRP tank due to its strong economic growth and rapid urbanization. Growth of water and waste water treatment industry in India is expected to drive the FRP tank market in the country.
GFRP Composites Market worth USD 83.63 Billion by 2026
According to the new market research report “GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) – Global Forecast to 2026”, The global Glass Fiber Reinforced Plastics (GFRP) composites market is estimated to grow from USD 44.10 billion in 2016 to USD 83.63 billion by 2026, at a CAGR of 6.61 % from 2016 to 2026
Some of the Key Players in the GFRP Composites Market:
• Owen Corning (U.S)
• Jushi Group (China)
• Nippon Sheet Glass Co. Ltd. (Japan)
• PPG Industries Inc. (U.S)
• Saint Gobain S.A. (France)
Polyester resins comprise a major share in the GFRP composites market, in terms of value and volume
Polyester resins have the highest market share in the GFRP composites market owing to their use in the construction, pipe & tanks and electronics applications. These resins are excellent for water treatment, chemical treatment plants, and non-corrosive applications at lower cost as compared to the use of other resins.
Wind energy is the largest application segment of the GFRP composites market, in terms of value
GFRP composites find high usage in the wind energy industry, as GFRP composites are widely used in the development of large-scale wind turbines, since they offer several advantages over traditional materials such as being lightweight, have high tensile strength, corrosion resistance, better surface finish and easy processing. GFRP composites are also finding applications in corrugated solar heating elements, bathroom fixtures, translucent architectural paneling and industrial building sky lights and swimming pool fences.
Asia-pacific accounts for a major share in the GFRP composites market
The Asia-Pacific region accounts for the largest share in the global GFRP composites market owing to the 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. The growth of the wind energy industry in this region has increased the demand for the production of lightweight GFRP composites. The greater focus by India and China in the production of electricity through renewable resources and the increasing wind installations in China, Japan, India and other emerging countries is expected to drive the GFRP composites market in the region. The construction sector too drives the GFRP composites market, especially, in China and Japan.
Greenhouse Film Market worth USD 4.70 Billion by 2021
The report “Greenhouse Film Market by Resin Type (Low Density Polyethylene, Linear Low Density Polyethylene, Ethylene Vinyl Acetate), Thickness (80<200 microns, 200 microns, >200 microns), Width Type (4.5M, 5.5 M, 7M, 9M), and Region – Global Forecast to 2021”, The global greenhouse film market is estimated to reach USD 4.70 billion by 2021, at a CAGR of 10.96 % from 2016 to 2021
The key players in this market are
• Gineger Plastic Products Ltd. (Israel)