Wednesday, 17 April 2019

Automotive Foams Market Hit USD 50.44 billion by 2025: Grand View Research, Inc.

17-April-2019: The global automotive foam market size is anticipated to reach USD 50.44 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.8% during the forecast period. Growing population, disposable income, and purchasing power parity in emerging economies of Asia Pacific are expected to propel demand for automobiles over the forecast period, thus impacting the market for automotive foam.


Automotive Foams Market

Transitioning lifestyles and wide availability of low-end sports models have positively impacted automotive demand from 2014 to 2017. Easy financing of automobiles owing to the EMI concept with attractive interest rates made it simpler and affordable for a medium income group consumers to purchase a vehicle of their choice. Easy availability of loans for vehicle purchase has also affected vehicle sales on similar lines. The aforementioned factors played an important role in propelling growth of the automotive industry both in developed as well as developing regions and the trend is likely to continue in the forthcoming years.

The market is expected to face instability in terms of raw material supply over the coming years owing to uncertain operation rates and plant closures by raw material manufacturers. However, relationships between manufacturers and suppliers are expected to get stronger, thus leading to stronger tie-ups at multiple distribution levels. This is expected to be a critical factor for companies to gain a competitive advantage over the forecast period.

Increasing demand for automotive foam particularly in the emerging economies of North America, Europe, Asia Pacific, and Central and South America, offers growth opportunities for the manufacturers of automotive foam and related raw materials to expand their product portfolios and market reach. The R&D initiatives undertaken by some companies to enhance their product specifications and market reach.

Substantial growth in automotive industry in Asia Pacific has fueled the demand in the automotive foam market in recent past. Significant presence of automotive and automotive foam manufacturers has played a key role in driving the product demand over the past few years and is expected to continue over the forecast period.

In depth research report on Automotive Foams Market

Further key findings from the report suggest:

·       In terms of revenue, PU foam type is anticipated to reach USD 2.62 billion by 2025, growing at a CAGR of 7.9% from 2018 to 2025

·       Seating application segment held the largest market share of over 42.8% in terms revenue in 2017. These foams are corrosion resistant and can bear various types of severe conditions, which is anticipated to bode well for growth

·       The U.S. automotive foam market is anticipated to reach USD 8.37 billion by 2025 owing to the presence of various manufacturers and suppliers in the country

·       The market is competitive with the presence of a number of global, medium, and small scale companies catering to the global and local demand

·       Some of the key companies include Armacell International S.A., BASF SE, Rogers Corporation, Bridgestone Corporation, The Woodbridge Group, Recticel NV, Borealis AG and Saint-Gobain. The companies use strategy such as mergers and acquisitions and portfolio expansion to gain market share.

Grand View Research has segmented the global automotive foam market on the basis of type, application, end use, and region:

Automotive Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Polyurethane (PU)

·       Polyolefin (PO)

·       Others

Automotive Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Seating

·       Door Panels

·       Bumper System

·       Others

Automotive Foam End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Cars

·       LCV

·       HCV

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Hybrid Adhesives & Sealants Market - Anticipated to Expand at a CAGR of 8.3%

17-April-2019: The global hybrid adhesives and sealants market size is expected to reach USD 22.50 billion by 2025 according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.3% over the forecast period. Growing popularity of hybrid resins has led to its usage in adhesives and sealants. Increasing infrastructural developments and demand for lightweight vehicles are anticipated to augment the market during the forecast period.

Hybrid Adhesives & Sealants Market

The building and construction industry is witnessing considerable growth across the globe, especially in developing countries. Hybrid sealants are widely used in concrete sealing, joint filling, and cable sealing applications. Its ability to bond with different types of substrates, tolerate extreme weather conditions, compatibility with paints and coatings, and availability in different colors is boosting the demand.

Growing concerns toward environment and energy consumption have encouraged automotive manufacturers to increase the production for lightweight vehicles, where hybrid adhesives are of vital importance. Hybrid adhesives contribute significantly in reducing the weight of a vehicle. They offer strong adhesion and bonding for different types of materials that allows the usage of lightweight substrates in vehicle production and also eliminate the need for mechanical fasteners. This further leads to saving time and productivity along with enhanced fuel efficiency and less VOC emissions post-production. The increasing production of lightweight vehicles is anticipated to propel the global market.

Hybrid adhesives and sealants combine the superlative properties of both the resins, but seldom inculcate their disadvantages. This is a major factor driving the popularity and adoption of the product. MS polymer and epoxy-cyanoacrylate are the two hybrid resins, which are majorly used in their production.

MS polymer holds a significant market share owing to cost effectiveness and usage in the production of both hybrid adhesives and sealants. In terms of volume, the segment accounted for 69.8% market share in 2017 and this share is expected to increase over the forecast period.

The market witnesses competitive rivalry due to the presence of major industry players, such as Henkel Corporation, 3M, Wacker Chemie AG, H.B. Fuller, and others. The players are introducing new products and engaging major acquisitions for strengthening their market position.

In depth research report on Hybrid Adhesives & Sealants Market

Further key findings from the report suggest:

·       Building and construction was the largest application segment in 2017 on account of increasing propensity of builders towards hybrid adhesives and sealants and growth of the global construction market

·       In terms of revenue, epoxy-cyanoacrylate segment is expected to register a CAGR of 8.4% during the forecast period

·       In terms of revenue, Asia Pacific is likely to witness the fastest growth of 9.5% from 2017 to 2025 owing to rapid infrastructural developments especially in India and Southeast Asian countries

·       In Middle East and Africa hybrid adhesives and sealants market, the demand from automotive application is expected to expand at a CAGR of 13.2%, in terms of revenue, due to the increasing automotive production in Iran

·       In 2017, Sika launched two new products and acquired Turkey based ABC sealants, for strengthening its market position in the adhesives & sealants industry

Grand View Research has segmented the global hybrid adhesives and sealants market on the basis of resin type, application, and region:

Hybrid Adhesives & Sealants Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       MS Polymer

·       Epoxy-cyanoacrylate

·       Others

Hybrid Adhesives & Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Building & Construction

·       Automotive

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Monday, 15 April 2019

Downhole Tools Market Hit USD 5.16 billion by 2026: Grand View Research, Inc.

15-April-2019: The global downhole tools market size is expected to reach USD 5.16 billion by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.2% during the forecast period. The growth of the market is primarily driven by ongoing increase in drilling activities worldwide. The operational cost incurred in E&P activities has dropped with advent of operational efficiencies and technological innovations. This has resulted in rise in exploration of unconventional resources, thereby spurring the global demand for the product.

Downhole Tools Market

Enhanced efficiency of downhole tools will facilitate in improved extraction of hydrocarbons without raising the cost involved in production, which will provide an edge over conventional equipment. The implementation of digital technology has also enhanced E&P activities, which, in turn, has boosted the downhole tools market over the last few years. Various digital well construction planning and operation software have improved drilling operations. Several wellbore technologies have been manufactured for premium connections that are designed to reduce bottomhole failure and improve the rate of connection on rig floor.

Regulatory trends and various industry standardizations have a major impact on the growth of the market. There is an increased stringency in rules and regulations by various governments for protecting the environment and minimizing damage during well operations. Specifications given by governments to meet standard tools are anticipated to stimulate the growth of the downhole tools market.

Drilling tools were the leading product segment and accounted for more than one fourth of the overall revenue in 2017. Some of the major drilling equipment include reamers & stabilizers, jars & impact tools, and tubulars. Evolution of various sensor technologies and increasing investments from cross-industry players has enhanced drilling equipment efficiencies.

 In depth research report on Downhole Tools Market

Further key findings from the report suggest:

·       The U.S. handling tools market is anticipated to cross value of USD 175 Million by 2026

·       The Asia Pacific market for well intervention was valued at USD 101.13 million in 2017. It is estimated to register a CAGR of 5.3% from 2018 to 2026

·       The Middle East & Africa downhole tools market is anticipated to reach USD 1.76 Billion by 2026, owing to selling off ongoing rig operations and resuming operations in abandoned oil wells in Persian Gulf

·       In Brazil, increasing deep and ultra-deepwater exploration and production activities in offshore sedimentary oil & gas fields are expected to drive the demand for downhole tools over the forecast period

·       Key market players operating in the global downhole tools market include Schlumberger, Halliburton, Weatherford International, Baker Hughes (BHGE), and National Oilwell Varco (NOV).

Grand View Research has segmented the global downhole tools market on the basis of product, application, and region:

Downhole Tools Product Outlook (Revenue, USD Million, 2014 - 2026)

·       Drilling Tools

·       Handling Tools

·       Flow & Pressure Tools

·       Control Tools

·       Others

Downhole Tools Application Outlook (Revenue, USD Million, 2014 - 2026)

·       Well Drilling

·       Well Intervention

·       Formation & Evaluation

·       Production & Well Completion

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Thursday, 11 April 2019

Agricultural Fumigants Market Hit USD 1.25 billion by 2025: Grand View Research, Inc

11-April-2019: The global agricultural fumigants market size is projected to reach USD 1.25 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.0% over the forecast period. Increasing demand of chloropicrin, 1,3-dichloropropene, phosphine, and metam sodium globally are the key driving forces for the market.

Agricultural Fumigants Market

It is recommended to have professional applicators due to the hazardous characteristics of majority of the fumigants, especially dimethyl sulfide and chloropicrin. In economies that are majorly dependent on agricultural services and practices, the applicators are more often than not, government-appointed, or manufacturer deputed depending upon the nature of availability.

The importance of these products in reducing post-harvest losses is anticipated to be a key driver for the agricultural fumigants market. According to a report submitted by the World Health Organization (WHO), it has been observed that over one-third of food is wasted or lost due to improper storage. Reducing these losses may lower the pressure on agriculture industry to meet the dietary requirements of a growing population. Moreover, it shall also reduce the exploitation of other sustainable natural resources.

Fumigants that belong to the family of insecticides have been approved for the storage of food grains by the World Health Organization. The organization also carries out annual reviews to assess the toxicity of the existing products as well as the new products introduced in the market. The post-harvest phase, including storage and transportation, involves the use of fumigants for reducing storage losses.

In depth research report on Agricultural Fumigants Market

Further key findings from the report suggest:

·       Although applications, such as warehousing and transportation hold a dominant market share, soil-based applications are projected to register a CAGR of 4.3% over the forecast period

·       Liquid form of the product was the most widely used with around 35,000 tons used in 2017

·       Majority of essential fumigants are organometallic derivatives obtained from chemicals, such as methylamine, carbon disulfide, methanethiol, and caustic soda

·       Manufacturers such as BASF, Arkema, and AkzoNobel have integrated their operations by combining the manufacturing their chlor-alkali products along with formulating fumigants

·       Some of the key participants in agricultural fumigants market are Arkema, Syngenta AG, Dow AgroSciences, and UPL among others. Regulations play vital role in shaping dynamics of companies, wherein new policies directly influence a company’s R&D purpose and introduction of new product classes.

Grand View Research has segmented the global agricultural fumigants market on the basis of products, application, form, and region:

Agricultural Fumigants Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       1,3 Dichloropropene

·       Chloropicrin

·       Dimethyl Disulfide

·       Methyl Bromide

·       Metam Potassium

·       Metam Sodium

·       Phosphine

·       Others

Agricultural Fumigants Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Soil

·       Others

Agricultural Fumigants Form Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Solid

·       Liquid

·       Gas

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Nitrile Butadiene Rubber is One of The Versatile Synthetic Rubber

11-April-2019: The global nitrile butadiene rubber (NBR) market is expected to reach USD 2.59 billion by 2025, growing at a CAGR of 3.3%, according to a new report by Grand View Research, Inc. Asia Pacific is expected to provide ample scope for the industry growth of NBR by the end of 2025. China, India, and Southeast Asian countries are likely to reflect a strong growth scenario in the future.

Nitrile Butadiene Rubber (NBR) Powder Market

NBR is one of the versatile synthetic rubbers that is highly consumed in high end applications, which require the product to be highly sustainable to varying operational and climatic conditions. This makes the product suitable for use in a wide array of industries.

NBR demand in China and India is expected to be driven by significant industrial developments of key end-use sectors in the region including automotive & transportation, metallurgy & mining, oil & gas, equipment & machinery, and medical sectors. These recent developments have propelled the requirements of mechanical goods such as cables, belts, gaskets, and seals.

Rise in the consumer disposable income and purchasing power in ASEAN countries including Indonesia and Thailand, has led to a rapid growth of the automotive industry as well as a strong increase in aftermarket activities. Moreover, increase in the healthcare expenditure in these countries is another key factor that is expected to boost the consumption of nitrile gloves by 2025.

 In depth research report on Nitrile Butadiene Rubber (NBR) Powder Market

Further key findings from the report suggest:

·       In terms of volume, the seals & O-rings segment is expected to rise at a CAGR of 2.9% from 2017 to 2025. This category is expected to generate a market revenue of nearly US$ 491.3 million by the end of the forecast period.

·       Consumption of nitrile gloves is estimated to increase at the fastest growth rate over the years ahead, as a consequence of significant product utilization in the healthcare & hygiene sector

·       Wide production expanse particularly in China and India is likely to drive the NBR consumption in mechanical engineering applications including vibration dampening materials, impact machinery, pumps, hydraulic equipment, and compressors

·       Europe accounted for the second-largest revenue share of over 20.0% of the global market in 2016. CIS countries mainly Russia, are likely to witness fast paced industry growth owing to significant use of hoses, and seals & O-rings in the oil & gas sector.
·

·       Companies are aiming to strengthen their positions in the global industry through acquisition, technology licensing, and collaborations

·       In June 2014, Sinopec Corp jointly ventured with SIBUR, a Russian petrochemicals and gas processing company for the construction of a nitrile rubber plant with an annual production capacity of 50 kilo tons at the Shanghai Chemical Industry Park, Shanghai

Grand View Research has segmented the global nitrile butadiene rubber (NBR) market on the basis of product, application, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Hoses

·       Belts

·       Cables

·       Molded & Extruded Products

·       Seals & O-rings

·       Rubber Compounds

·       Adhesives & Sealants

·       Gloves

·       Foamed Products

·       Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Automotive

·       Mechanical Engineering

·       Oil & Gas

·       Metallurgy & Mining

·       Construction

·       Medical

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/