Monday, 12 November 2018

Decorative Coatings Provides Durability and Better Appearances of The Surface

13-November-2018: According to a report published by Grand View Research, Inc.; the decorative coating market is expected to reach a valuation of around 106.97 billion by 2022.

Rapid urbanization and infrastructure development and rise in expenditure for construction can drive the market during the forecast period (2012 to 2022). In addition, rise in expenditure coupled with ongoing product development for improving the performance of these product will drive the market in the coming years.



Increasing demand for these coatings in buildings as it provides durability and better appearances of the surface and protects it from exterior conditions such as extreme temperature, UV radiation, foreign particles and acid rain can support the market growth. Additionally, associated properties of these coatings such as corrosion resistance, bacteria and moisture resistance are likely to bolster the market growth over the forecast period. Technological advancements such as green coatings, Nano-TiO2 photo catalysts, and development of methods for reducing drying time is likely to boost the market during the forecast period. Additionally, development of nanocoating coupled with green coatings is projected to create new avenues in the market.

However, volatile nature of raw material prices and associated hostile environment impact of solvent borne coatings is major challenge for the market.

Worldwide decorative market can be segmented on the basis of product, technology, application, and region.

Based on product, the market can be categorized into primer, enamel, emulsions, and others.

In 2014, the emulsions segment was the leading segment and estimated for over 35% of the total market volume. The segment is expected to grow on account of its low VAC and VOC content.
The primer segment is likely to grow with an estimated CAGR of 6.3% during 2015 to 2022 as it acts as a leveler and protector, thus makes coating smooth.
As per technology, the market can be classified into waterborne coatings and solvent-borne coatings.

In terms of volume, the waterborne coatings segment is anticipated to show rapid growth at a CAGR of 6.5% during 2015 to 2022 due to its exceptional abrasion, heat resistance, and adhesion properties. In addition, its benefits over solvent-borne such as less flammability, less toxicity, and less air emissions can drive the segment growth over the forecast period. The U.S. EPA and REACH promotes use of waterborne technology, which is likely to support the segment growth in the coming years.

On the basis of application, the market can be spilt into residential and commercial.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In 2014, Asia Pacific dominated the overall market and was valued at USD 20.23 billion market in terms of volume and value. The region is expected to continue same trend over the forecast period on account of rise in spending for construction and rapid economic growth in India, China, South Korea, Indonesia, and Thailand. China is likely to increase the product demand due to increasing domestic procedure coupled with growth in infrastructure sector.

Middle East and Africa is anticipated to exhibit significant growth with CAGR exceeding 6% during 2015 to 2022 due to rise in infrastructure development, presence of advanced real estate regulatory framework, and growing construction activities especially in UAE and Qatar due to economic recovery.

In 2015, North America estimated for over 15% of the overall market share. This region is likely to show substantial growth on account of infrastructure development and re-development in the U.S. and Mexico. Increasing government efforts on reducing carbon footprints by deploying environment friendly products will boost the waterborne coatings industry during the forecast period.

Some of the leading companies operating in the market include Axalta Coating Systems, KCC Corporation, Sherwin-Williams, Axalta Coating Systems, and Masco Corporation.
The market is extremely competitive and major market participants are involved in R&D activities and continuous product innovation. Increasing efforts from manufactures for developing high performance, and cost-effective products is also likely to drive the product demand in the years to come.

In-Depth Research Report On Decorative Coatings Market:
https://www.grandviewresearch.com/industry-analysis/decorative-coatings-market

Wednesday, 31 October 2018

Polyaryletherketone (PAEK) Market is Anticipated to Value USD 1.50 billion by 2025 : Grand View Research, Inc.

01-November-2018: According to a report by Grand View Research, Inc., global polyaryletherketone (PAEK) market is anticipated to value USD 1.50 billion by 2025. Growing requirement for raw materials offering multiple effective properties useful in industrial applications is anticipated to propel demand for polyaryletherketone. PAEK is likely to exhibit superior properties such as low permeability, high electrical strength, good energy radiation resistance, and outstanding chemical resistance.

Polyaryletherketone (PAEK) Market

Increasing use of PAEK in numerous medical devices such as body implants and dental tools can influence growth of market. High demand for light weight and fuel efficient automobiles is anticipated to fuel product demand in automotive sector. Effective properties of PAEK such as excellent insulating properties and superior hydrolysis resistance can stimulate market growth. Growing adoption of polyether ether ketone (PEEK) in aerospace sector attributed to high glass transition temperature can augment market growth during the forecast period (2014 to 2025).

Growing demand for PAEK substitutes such as polyphenylene sulfide (PPS) and polyetherimide (PEI) in the automotive and construction sectors can restrain market growth over the forecast period.
 
The polyaryletherketone (PAEK) market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into polyetherketone (PEK), polyether ether ketone (PEEK), polyetherketoneketone (PEKK), and others. In 2016, PEEK segment dominated the market and accounted for 83.2% market share. Effective properties such as good tensile strength, inherent purity, thermal stability, and precise machinability are expected to fuel product demand.

Similarly, PEKK segment is also expected to grow well during the forecast period attributed to increasing use in oil & gas sector. High compressive strength and electrical resistance of PEKK can fuel its demand during the forecast period. In addition, growing adoption of PEKK in medical, automotive, and coatings sector for multiple applications can stimulate product demand in the forthcoming years.

Based on application, the market can be classified into aerospace, general engineering, electrical & electronics, medical, and automotive. In 2016, automotive segment dominated the market and accounted for market share equivalent to USD 312.4 million. It is likely to display steady growth during the forecast period attributed to rising demand for metal replacements in automotive sector. High demand for fuel efficient vehicles can augment demand for better raw materials. Increasing use of PEEK polymers in automotive applications attributed to its superior insulating properties and hydrolysis resistance can influence market growth. In addition, growing adoption of PEEK in petroleum and chemical processing sector owing to its high fatigue resistance, high wear resistance, and excellent thermal stability can stimulate growth of market during the forecast period. Moreover, medical application segment is expected to account for 9.6% in 2016 and is likely to grow well during the forecast period.

Regional segmentation includes North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa. In North America, the market is anticipated to witness substantial growth at CAGR of 8.6% from 2017 to 2025. High prevalence of major manufacturing companies can influence market growth in the region. In addition, rapid growth of automotive sector in United States (U.S.) attributed to high demand for vehicle production is expected to fuel demand for PAEK. This, in turn, can augment growth of market during the forecast period. Moreover, Mexico being fourth largest exporter of automotive segment after Japan, South Korea, and Germany is likely to surge product demand, which can further augment market growth in the region.

On the contrary, Asia Pacific accounted for 22.2% market share in 2016 and is likely to witness significant growth during the forecast period. China’s strong customer base in electronics, automotive, and medical devices is expected to demand for new constructions. This, in turn, can stimulate market growth in the region. 

Some of the leading companies offering polyaryletherketone are Arkema Group, JK Overseas, Victrex Plc, Solvay S.A., and Quadrant AG. The market is expected to be competitive in nature attributed to stringent registration process and high capital investment. Most companies are likely to adopt effective business strategies to ensure growth. In addition, companies can form strategic alliances with regional distributors. 

In-Depth Research Report On Polyaryletherketone (PAEK) Market:
https://www.grandviewresearch.com/industry-analysis/polyaryletherketone-paek-market

Monday, 29 October 2018

Phosphate Fertilizers: to Boost Crop Yield and Soil Fertility

30-October-2018: Based on a report published by Grand View Research, Inc.; the global phosphate fertilizers market is anticipated to attain around USD 78.06 billion by 2025. Growing requirement for diverse food products attributed to rising population is anticipated to drive the global market over the forecast period (2018 to 2025). Phosphate offered by these fertilizers can help the plants absorb sufficient amount of energy from the sun and convert it into useful components.

Phosphate Fertilizers Market

High demand for agricultural fertilizers to boost crop yield and soil fertility is likely to stimulate growth of the market for phosphate fertilizers. Limited availability of arable land and growing awareness regarding the advantages of phosphate fertilizers can further augment market expansion. Favorable government initiatives to promote fertilizers offering naturally occurring nutrients such as nitrogen and phosphorus can positively influence market development during the forecast period.

The worldwide phosphate fertilizers market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Diammonium Phosphate (DAP), superphosphate, Monoammonium Phosphate (MAP), and others. In 2016, the DAP fertilizers accounted for market share equivalent to USD 15.5 billion. These fertilizers are expected to witness significant growth in demand during the forecast period as they are the key source of phosphorus and nitrogen. These fertilizers can be used in wide range of crops such as sowing pastures, cereals, fodder crops, sugarcane, dairy pastures, and horticultural crops and are likely to be a cost-effective source of nitrogen for crops.

In 2016, the MAP fertilizers segment accounted for market share equivalent to USD 10.3 billion. The segment is predicted to grow at phenomenal CAGR of around 4.7% from 2017 to 2025. These fertilizers are water-soluble in nature and can be used as a good source of phosphorus and nitrogen for crops and plants. In addition, the high purity level of MAP fertilizers can make it ideal for foliar and fertigation applications. All these factors are anticipated to contribute to the overall market growth in the forthcoming years.

Based on application, the market for phosphate fertilizers can be classified into oilseeds, cereals and grains, fruits and vegetables, and others. In 2016, the cereals and grains segment dominated the market and accounted for largest market share. It is likely to grow at CAGR of nearly 4.6% from 2017 to 2025. High demand for cereals and grains is attributed to rising population and demand for food in countries like China and India. Farmers and gardeners are expected to add phosphate fertilizers to soil to increase the ability of crops and plants to absorb natural phosphorus present in the soil. The ability of fertilizers to maintain the richness of soil nutrients for healthy plant development can impel the demand in near future.  

Regional segmentation includes North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2016, Asia Pacific dominated the market and accounted for around 59.1% of market share. It is estimated to grow at a CAGR of nearly 5.5% through to 2025. High demand for diversified food attributed to rising population in countries such as India and China are expected to boost demand for phosphate fertilizers during the forecast period. India is predicted to be the second largest consumer and importer of diammonium phosphate (DAP) fertilizers.

In Central and South America, countries such as Brazil followed by Argentina, Chile, and Columbia dominated the phosphate fertilizers market in 2016. Changing dietary patterns coupled with increasing population are likely to fuel demand for various food products in the region. This, in turn, is expected to influence overall market growth during the forecast period.

Some of the leading companies operating in the market for phosphate fertilizers are Diammonium Phosphate, Israel Chemicals Limited, Coromandel International Limited, The Mosaic Company, and EuroChem Group AG. Most companies are expected to adopt advanced production technologies to offer quality food products to match the improving standard of living. In addition, most companies are expected to manufacture products using phosphate additives for wide range of food applications.

In-Depth Research Report On Phosphate Fertilizers Market:
https://www.grandviewresearch.com/industry-analysis/phosphate-fertilizers-market

Wednesday, 24 October 2018

High Demand in Explosive Production is likely to Boost the Ammonium Nitrate Market Growth

25-October-2018: According to a report published by Grand View Research, Inc.; the ammonium nitrate market is likely to reach a valuation of around USD 6.18 billion by 2025.

Growing product demand in fertilizers as a nitrogen source, and usage in protection chemicals due to its better stability and low nitrogen emission can propel the market over the forecast period (2014 to 2025). Additionally, high demand in explosive production as an oxidizing agent is likely to boost the market growth.


Ammonium Nitrate Market

High availability of the vital raw materials such as nitric acid and sodium carbonate simplifies the production of the product. Increasing demand for high-quality crop is growing, which has increased the utilization of the fertilizers. This has encouraged the expansion and renovation of older facilities and construct a new manufacturing facility for ammonium nitrate, thereby boosting the market growth in the coming years.
However, growing adoption of urea in the production of fertilizers is likely to hinder the market growth. still, low carbon footprints as compared to urea is expected to support the market growth.

Worldwide ammonium nitrate market can be segmented on the basis of application and region. Based on application, the market can be categorized into fertilizers, explosives, and others. In 2016, fertilizers segment estimated for 60% of the overall volume. It is likely to grow a CAGR of 3.5% from 2016 to 2025. The segment is likely to grow due to rapid growth of agricultural activities in emerging economies including China, India, and Brazil. Explosive segment is likely to grow at a CAGR of 2.8% during 2017 to 2025 due to its escalating demand from military sector for producing smart explosive.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa.

In 2016, Europe, China, and the U.S. conquered the market in terms of consumption and production. These regions together estimated for 74% of the consumption, 77% of the capacity, and 81% of the total production. Expansion of end-use markets in these regions is likely to create positive outlook for the market.

However, the usage of the product in countries including India and the U.S. is restricted due to possible use of the product production of fertilizer bombs. This is expected to hamper the market growth. In addition, increasing adoption of urea in fertilizer applications in countries including Spain and Portugal has decreased the product demand in the Europe.

Ukraine was estimated as one of the major consumer markets for the product in the globe and is likely to grow at a CAGR of 3.1% from 2017 to 2025 due to rising demand in fertilizers.

Asia Pacific is likely to grow at the high CAGR of 3.9% during 2017 to 2025 on account of increasing coal and mineral mining events in countries including India and China in the region. China’s export of the product improved by over 25% to many countries including Thailand, Malaysia, and Oman in 2015. In 2016, China estimated as the highest nitrogen fertilizer consuming countries in the world and expected to continue this trend over the forecast period due to continues growth of agricultural sector

Prominent players operating in the market include CF Industries Holdings, Inc.; Yara International ASA; URALCHEM Holding P.L.C.; Enaex S.A.; and Yara International ASA.
The market is moderately competitive owing to existence of several manufacturers as well as buyers. Strong position of the existing companies and requirement of high capital for equipment is expected to act as a barrier for new entry. The market comprises various participants, which are linked across the value chain for manufacturing raw material. The competition among the established players is also expected to increase due to little product differentiation. Rising use of urea as a substitute is also expected to act as a barrier to new participants, which is expected to create negative impact on the market. Moreover, strict regulatory framework regarding use, storage, handling, and transportation of the product is also discouraging manufacturers to run out of the market.

In-Depth Research Report On Ammonium Nitrate Market:
https://www.grandviewresearch.com/industry-analysis/ammonium-nitrate-market

Monday, 22 October 2018

Tubeless Tires to Drive Butyl Rubber Market Demand

22-October-2018: The global butyl rubber market is anticipated to touch USD 5.21 billion by 2025, according to a report by Grand View Research, Inc. Butyl rubber, also known as butyl elastomer, is a synthetic rubber used for its impermeability to air and moisture. This particular property makes it a valuable product for manufacturing chewing gum, pharmaceutical closures, protective clothing, and tires. It is also known as isobutylene-isoprene rubber (IIR). Demand for bromobutyl and chlorobutyl rubbers will grow due to their high wear resistance.


Butyl Rubber Market

The automotive sector will be the biggest beneficiary due to demand for lightweight and resistive material to be used for production of automotive components. Demand for nameplates in car-dependent regions such as U.S., U.K., and Brazil is expected to increase the demand for IIR. Manufacturers are relying on partnerships to meet the increasing demand as evident by the handshake of Reliance Industries Limited, an Indian conglomerate, and SIBUR, a Russian petrochemical giant in 2017. Similarly, Lanxess AG has established the construction of a butyl rubber plant in Singapore in 2014.

Concerns of environmental pollution have led to manufacturers resorting to gamma radiation to modify the chemical structure of IIR to make it biodegradable. Experiments with gamma radiation have shown success and can reduce polymeric industrial waste in the near future. Sport centers upgrading their equipment are purchasing butyl rubber-based products as exemplified by the purchase of Beynon Sports BSS 2000 by the Saskatchewan government in 2018.

The butyl rubber market is expected to expand at a 6.9% CAGR from 2014 to 2025 (forecast period) on account of possessing superior properties compared to natural rubber. Demand for butyl rubber is expected to rise due to its requirement in the plastics sector. Furthermore, demand for tires manufactured by original equipment manufacturers (OEMs) and expanding automotive sector in Brazil, Russia, India, and China (BRIC) is likely to open up new opportunities. Prominent market players include Lanxess AG, Sinopec Corporation, Reliance Industries Limited (RIL), and Michelin.

In-Depth Research Report On Butyl Rubber Market:

Energy-Efficient Fiats to Spur Building & Construction Tapes Market

22-October-2018: The building and construction tapes market is touted to reach a valuation of USD 5.9 billion by 2025, according to a report by Grand View Research, Inc. Building and construction tapes are vital materials used on account of their superior adhesive properties. Resurgence of the construction sector after the collapse of the U.S. housing bubble coupled with rise in construction of single homes is likely to lead to high demand for these tapes. Building tapes are used in hazardous areas and under construction zones to prevent workplace accidents.

Building and Construction Tapes Market

Pressure-sensitive and water activated tapes are prominent in the industry owing to their resistance to all types of weather and high durability. Some of these tapes possess triboluminescence, allowing them to be observable in dark areas. The tapes by ECHO have the capability to bond elements even at temperatures as low as -4 degrees F. In addition, prominent manufacturers are experimenting with novel formulae by combining new inorganic composite powder to be used in flashing tapes. Shurtape Technologies, a U.S. company, has decided to expand its production line to cater demand for tapes in residential and industrial sectors.

Changing building codes and emphasis on energy efficiency has led construction companies to opt for green materials. The Leadership in Energy and Environmental Design (LEED) certification has been awarded to contractors or companies using sustainable materials in heating, ventilation, and air conditioning (HVAC) applications. Novel building codes to prevent air leaks in temperate conditions and be energy-efficient has led to construction companies opting for acrylic tapes. For instance, tesa, a prominent player, has launched the Classic Pro Nature line of masking tapes with residue-free removal.

The building and construction tapes market demand is expected to skyrocket owing to high requirement for filmic tapes. Rising demand for foil-based applications for HVAC and insulation applications can augur market growth from 2014 to 2025 (forecast period). Resurgence of the construction sector and emergence of novel infrastructural projects are bound to influence market demand in the forthcoming years. Prominent market players include Shurtape Technologies, LLC, The 3M Company, PPG Industries, and tesa SE.

In-Depth Research Report On Building and Construction Tapes Market:
https://www.grandviewresearch.com/industry-analysis/building-construction-tapes-market

Tuesday, 16 October 2018

TPU Films Market is Predicted to Grow USD 724.6 million by 2020: Grand View Research, Inc.

17-October-2018: According to a study conducted by Grand View Research, Inc.; the worldwide Thermoplastic Polyurethane (TPU) films market is predicted to attain a valuation of USD 724.6 million by 2020. Rapid growth of end-use markets such as railway, aerospace, and construction, particularly in the Asia Pacific (APAC) region is expected to spur the global market in near future. Extensive usage of TPU films in the automotive industry for applications like rear bumper and scratch protection can further support the expansion. Expanding after sales market is also likely to propel market growth. In addition, increased use of TPU films in construction and sports goods is also projected to augment market over the forecast period (from 2014 to 2020).


Thermoplastic Polyurethane (TPU) Films Market

Strict regulations about the usage of hazardous raw materials are expected to hinder the market growth. However, the shifting focus of the manufacturing companies toward introducing new additives to enhance the product specifications is likely to fuel market expansion. Moreover, use of bio-based materials as alternative raw materials for thermoplastic polyurethane film production has increased since the last few years. This is also estimated to boost the market in forthcoming years. Many companies such as DuPont, Arkema, and PolyOne have already invested into the bio-based TPU films market. Increased focus on R&D activities for sustainable thermoplastic polyurethanes is anticipated to provide the market players with attractive business opportunities over the forecast period.

In 2013, the worldwide demand for TPU was estimated at 46,769.1 tons. It is predicted to reach at 68,033.1 tons by 2020 at over 5.5% CAGR during the forecast years. The global thermoplastic polyurethane (TPU) films market is categorized as per application and region. On the basis of application, the market is categorized into aerospace, railway, energy, automotive, leisure and sports, building and construction, furniture, and others.

Based on geographies, the market is divided into Europe, North America, APAC, Japan, and RoW. Asia Pacific dominated the global market in the past with around 34% of the total TPU films market share. The region is expected to continue witnessing steady growth on account of rapidly evolving infrastructure and automobiles industries in India and China. Increased production along with development of the current facilities by Chinese manufacturers is also projected to fuel the regional market over the next few years. The market in Japan, which was predicted at 3,685.4 tons in 2013, is projected to register a healthy CAGR of 4.9% from 2014 to 2020. In addition, lower prices of TPU films in this region as compared to other regions are also expected to help boost the regional market expansion.

In 2013, Europe and North America occupied 19% and 27% of the global market volume respectively. High usage of thermoplastic polyurethane films in energy, automobiles, and construction industries is anticipated to be one of the key growth drivers for the market in North America region. Whereas, the Europe region is said to have a sluggish development due to recent economic recessions, which slowed down major end-use sectors such as construction and aerospace. However, increased scope of application of TPU films in leisure and sports is projected to spur the market in Europe over the forecast period.

The top four players, namely, Huntsman Corp.; Bayer Material Science; Permali Gloucester Ltd.; and The 3M Company accounted for around 40% of the overall market share in 2013. Some of the other prominent companies in the global thermoplastic polyurethane (TPU) films market are Avery Dennison Corp.; The Lubrizol Corp.; and American Polyfilm Inc. Novel product development is one of the primary strategies followed by most of the companies to attain maximum share in the global market. For instance, Lubrizol Engineered Polymers by Lubrizol Corp. recently announced the launch of its new TPU product line, Estane, for signs, labels, and graphics market. The products in the new thermoplastic polyurethane portfolio are particularly designed to deal with the growing graphics industry and as a high performance substitute to the conventional vinyl-based products.

In-Depth Research Report On Thermoplastic Polyurethane (TPU) Films Market:
https://www.grandviewresearch.com/industry-analysis/tpu-films-industry