May 2, 2024
5 views
The epoxy resin market is anticipated to surpass US$ 13.8 billion in 2024 and is likely to attain a valuation of US$ 24 billion by 2034. The epoxy resin market size is projected to thrive at a CAGR of 5.7% from 2024 to 2034.
Epoxy resins are widely used in the electronics and electrical industries, such as shielding delicate electronic components from moisture, dust, and mechanical harm. The demand for dependable, high-performance materials like epoxy resins rises as technology develops and gadgets get more complicated. The market is anticipated to increase as electronics become increasingly integrated into everyday life, from smartphones to smart home appliances, and as sectors like renewable energy and telecoms grow.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19085
Waterborne epoxy resins’ environmental benefits over solvent-based counterparts drive their growing popularity. Waterborne formulations have fewer volatile organic compounds (VOCs) and dangerous air pollutants than solvent-based resins. Waterborne epoxy resins are likely to be in high demand across various sectors, including paints, adhesives, and composites, as environmental restrictions tighten and customers seek more environmentally friendly goods.
Epoxy resins are widely demanded by the healthcare industry, especially in dental products and medical equipment. Epoxy resins are biocompatible and multipurpose materials that are used to make dental composites, adhesives, and coatings for medical equipment. The capacity of epoxy resin to produce accurate and long-lasting dental components helps the dental business and advances dental treatment. Epoxy resins are used in medical devices to ensure the effectiveness and safety of different equipment, assisting in providing high-quality healthcare services.
“Success in the growing epoxy resin market depends on being flexible enough to adjust to technological changes and keeping sustainability in mind. Meeting the varied demands of the sector requires customization, and maintaining competitiveness requires both innovation and regulatory compliance. Being adaptable is essential for surviving in this fast-paced industry.” Says FMI analyst.
Key Takeaways from the Epoxy Resin Market Report
The global epoxy resin market size expanded at a 7.7% CAGR from 2019 to 2023.
The DGBEA segment is anticipated to rise at a 5.6% CAGR through 2034.
The solvent cut epoxy segment is predicted to develop at a 5.3% CAGR through 2034.
The market size in the United States is projected to rise at a 5.9% CAGR through 2034.
The market size in China is anticipated to develop at a 6.1% CAGR through 2034.
The market size in the United Kingdom is estimated to surge at a 7.2% CAGR through 2034.
The market size in South Korea is expected to increase at a 7.0% CAGR through 2034.
Competitive Landscape
The epoxy resin market is typified by a competitive environment that includes both local firms like Kukdo Chemical Co., Ltd. and worldwide giants like Hexion Inc. and Huntsman Corporation. Ongoing innovation, strategic partnerships, and sustainability efforts drive competitiveness. Startups introduce disruptive innovations, while market dynamics are reshaped through mergers and acquisitions. A wider trend towards eco-friendly formulations and materials is reflected in the growing importance of sustainability practices for market positioning.
Key Players in the Epoxy Resin Market
Hexion Inc.
Huntsman Corporation
Aditya Birla Chemicals
Kukdo Chemical Co., Ltd.
Olin Corporation
Nan Ya Plastics Corporation
Dow Inc.
Sika AG
Ashland Global Holdings Inc.
3M Company
DIC Corporation
Atul Ltd.
Evonik Industries AG
Kemper System America, Inc.
Reichhold LLC (Polynt Group)
Recent Developments
In November 2023, Induron Protective Coatings introduced Novasafe, their latest product. Novasafe is a furfuryl-modified, thick film, ceramic-filled novolac epoxy that can endure the most severe conditions in treatment facilities.
In October 2023, Matsumoto Fine Chemical (Ichikawa, Japan) introduced X-1366R, a one-part thermosetting epoxy resin designed for composite infusion operations. It does not require pre-mixing and may quickly enter fibers due to its low viscosity at room temperature.
Epoxy Resin Market Segmentation
By Type:
DGBEA
Novolac
DGBEF
Aliphatic
Glycidylamine
Others
By Technology:
Solvent Cut Epoxy
Liquid Epoxy
Waterborne Epoxy
Others
By Application:
Composites
Paints & Coatings
Grouts & Mortars
Adhesives
Electronic Encapsulation
Others
By End-use:
Aerospace
Automotive & Transportation
Building & Construction
Electrical & Electronics
Marine
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan
Be the first person to like this.
May 1, 2024
4 views
As per Future Market Insights (FMI), the global antimicrobial additives industry value is projected to increase from US$ 9,615.5 million in 2023 to US$ 20,809.5 million by 2033. Over the next ten years, global sales of antimicrobial additives are likely to thrive at 8.0% CAGR.
Increasing consumption of antimicrobial additives in the food and beverage sector is a key factor driving the global market. Subsequently, the rising adoption of antimicrobial-protected products for reducing the risk of infections and improving safety will boost the market.
Antimicrobial additives have become essential solutions for inhibiting the growth of microbes. They extend the shelf life of products and reduce the risk of disease spread. As a result, they are being increasingly used in consumer products such as clothing, packed food items, etc.
Empower Your Strategy: Sample Our Insightful Report for a Competitive Edge!
https://www.futuremarketinsights.com/reports/sample/rep-gb-94
Growing usage across sectors such as healthcare, food & beverages, automotive, electronics, etc. is expected to fuel antimicrobial demand during the assessment period.
Antimicrobial additives find application in the healthcare sector to create a sterile environment in hospitals. They are used in numerous medical products including ventilators, examination tables, and hospital beds to reduce the spread of infections.
Rising demand for medical devices containing antimicrobial substances will bolster sales in the global market through 2033.
Regionally, North America remains the leading consumer of antimicrobial additives owing to the high demand for safe consumer items and rising awareness & consumer preference for antimicrobial products.
Prominent manufacturers of antimicrobial additives are focusing on expanding their customer base and footprints by acquiring local players and launching new innovative products. They are investing rigorously in research and development to meet the regulatory standards and find newer applications for the same.
Key Takeaways from this Market Report:
The global market of antimicrobial additives is projected to expand at 8.0% CAGR between 2023 and 2033.
By product type, the inorganic segment is expected to remain a prominent segment accounting for over 60% of the overall market.
By application, the hygiene chemicals segment is expected to account for around one-fourth of the global antimicrobial additives consumption.
The United States antimicrobial additives market is poised to thrive at 8.4% CAGR through 2033.
Antimicrobial additive demand in China is forecast to increase at 8.6% CAGR from 2023 to 2033.
“The market for antimicrobial additives has the potential for significant growth because there is an increasing demand for products that are capable of self-cleaning and can prevent the spread of harmful microorganisms. This in turn will create a plethora of opportunities for antimicrobial additive manufacturers,” – says a lead analyst at FMI.
Personalize Your Experience: Ask for Customization to Meet Your Requirements!
https://www.futuremarketinsights.com/customization-available/rep-gb-94
Competitive Landscape:
The global antimicrobial additives market is moderately consolidated with key players holding around 33% to 38% of the market share. BASF SE, Lanxess AG, DuPont de Nemours, Inc., Ecolab, Inc., Solvay S.A., and others are the leading antimicrobial additive manufacturers profiled in the comprehensive version of the report.
Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. They are also investing significantly in acquisitions to curb their competition. For instance,
In 2022, to strengthen its antimicrobial additives portfolio, Polygiene acquired the SteriTouch business of Radical Materials.
More Insights into this Market Report:
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global antimicrobial additives industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.
Market Segmentation:
By Product Type:
Organic
Inorganic
By Form:
Liquid
Powder
Masterbatch Pellet
By Application:
Hygiene Chemicals
Packaging
Personal Care and Cosmetics
Consumer Electronics, Durables & Appliances
Commercial and Household Products
Textile and Fabrics
Toys & Stationery
Paints, Coatings, and Inks
Medical Devices (Healthcare Equipment)
Transportation
High Touch Surfaces (Handles/Locks/Countertops)
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Russia and Belarus
Balkan and Baltic Countries
Central Asia
East Asia
South Asia and Pacific
Middle East and Africa
Be the first person to like this.
May 1, 2024
7 views
Automotive plastic industry in BRIC countries sales are poised for significant growth, reaching US$ 75,188.30 million in 2024. The sales of automotive plastic in BRIC countries are expected to witness a moderate CAGR of 6.9% from 2024 to 2034. By 2034, the demand for automotive plastic in BRIC countries is anticipated to surpass a valuation of US$ 146,530.26 million.
The growing need for lightweight materials in the automotive industry propels the industry’s rise as automotive plastic manufacturers look to minimize emissions and improve fuel efficiency. Rising consumer concern over environmental sustainability is a key trend pushing automakers to use recyclable and environmentally friendly plastics. Increasing emphasis on interior aesthetics and developments in polymer technology is anticipated to accelerate the industry growth of automotive plastic in BRIC countries.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/reports/sample/rep-br-81
The high cost of automotive plastics compared to metals like aluminum impeded industry expansion. The industry expansion of automotive plastic in BRIC countries is hindered by a lack of the infrastructure and technologies needed to re-engineer plastic. Growing consumer knowledge of the negative effects of plastic consumption is creating a barrier to automotive plastic sector expansion in BRIC countries.
Regional Outlook
Utilizing cutting-edge manufacturing techniques, China leads the automotive plastics business. The country produces affordable and high-quality plastic components for domestic and foreign consumers. As China’s middle-class population continues to grow and urbanization accelerates, there is a corresponding rise in the need for automobiles. This surge in automotive demand, in turn, fuels the demand for automotive plastics. Within this landscape, lightweight materials play a critical role in improving efficiency and extending battery life.
Increased investments in lightweight and recyclable plastic components are a result of India’s growing demand for electric vehicles. This encourages the country’s automotive plastic industry. To be more environmentally conscious, Indian automakers are incorporating biodegradable plastics into the interiors of their cars.
Government programs aimed at encouraging domestic manufacturing and reducing reliance on imports impact the Russian automotive plastic industry. Brazil, with its thriving automotive industry, is seeing an increase in the adoption of lightweight plastics to cut emissions and improve fuel efficiency.
“The growing need for lightweight and fuel-efficient automobiles is expected to propel the BRIC automotive plastic industry toward sustainable expansion. There is an increase in adoption of automotive plastic in BRIC countries due to advancements in material science as well as strict safety and emissions standards, which present lucrative opportunities.” – comments an analyst at FMI.
Tailor Your Solution: Request Customization for Your Unique Needs!
https://www.futuremarketinsights.com/customization-available/rep-br-81
Key Takeaways
The interior component segment in the application category is expected to garner a share of 63.6% in 2024.
In the material type category, the polypropylene segment is projected to acquire an industry share of 20.3% in 2024.
China’s sales of automotive plastic are expected to surge at a CAGR of 8% through 2034.
Russia’s car plastic industry is envisioned to develop at a CAGR of 5.6% from 2024 to 2034.
Brazil’s automotive plastic industry is anticipated to evolve at a CAGR of 6.2% through 2034.
India’s car plastic industry is anticipated to boost at a CAGR of 6.1% between 2024 and 2034.
Competitive Landscape
Leading BRIC automotive plastic producers are making huge investments in growth plans. Key automotive plastic manufacturers in BRIC countries are focusing on increasing their production capacity and opening new manufacturing units to improve their share and better fulfill the increasing demand for automotive plastics in BRIC countries. Many value chain-connected automotive plastic providers are increasing their research and development capabilities to develop new production technologies.
Latest Developments
In March 2023, Zhejiang REEF Technology and BASF SE teamed up to develop cutting-edge recyclate formulations for the consumer, packaging, and automotive industries. For recycled polymer formulations that are going to be tested at BASF’s facilities, the company offers IrgaCycle solutions and technical support.
HDT Automotive Solutions LLC acquired Veritas AG in June 2021. With this agreement, HDT now offers more innovative materials science and bonding knowledge for metal, plastic, and rubber bonding equipment in various automotive applications.
Shanghai, China, has a new research and development facility that BASF SE established in March 2019. The center houses a dedicated Automobile Application Center for research and development focused on the automotive industry.
Key Companies Profiled
BASF SE
Bayer AG
Braskem
Dow Chemical Co.
Faurecia Pvt. Ltd.
Johnson Controls, Inc.
Lear Corporation
Magna International Inc.
Reliance Industries Limited
Visteon Corporation
Key Segmentations
By Material Type:
Polypropylene (PP)
Polyurethane (PUR)
Acrylonitrile Butadiene Styrene (ABS)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polystyrene (PS)
Polycarbonate (PC)
Polyamide (PA)
Acrylic (PMMA etc.)
Plastic Composites
Others
By Application:
Interior Components
Exterior Components and Frame
By End Use:
Conventional Vehicles
Electric Vehicles
By Country:
Brazil
Russia
India
China
Be the first person to like this.
April 30, 2024
2 views
The medium voltage cable and accessories market is estimated to be around US$ 51.3 billion in 2024. The medium voltage cable and accessories sales are expected to rise at a CAGR of 6.1% through 2034. The market is projected to surpass the valuation of US$ 93 billion by 2034.
The medium voltage cable and accessories industry is primarily driven by rapid urbanization and industrialization, leading to increased demand for electricity infrastructure in urban and rural areas. Government initiatives and investments in renewable energy projects, such as wind and solar farms, contribute to expanding medium voltage cable networks for transmitting power from these sources to the grid. Moreover, the electrification of transportation and the growing adoption of electric vehicles (EVs) necessitates the development of charging infrastructure, driving demand for medium voltage cables and accessories.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19095
Despite the growth opportunities, the medium voltage cable and accessories industry faces challenges such as stringent regulatory standards and compliance requirements, which increase production costs and limit market entry for smaller manufacturers. Additionally, fluctuations in raw material prices, particularly for copper and aluminum, impact the manufacturing costs of medium voltage cables and accessories. Moreover, the industry is susceptible to supply chain disruptions and geopolitical tensions, affecting the availability of critical components and materials required for production.
The medium voltage cable and accessories industry presents significant opportunities for growth, particularly in emerging markets with expanding infrastructure needs and increasing electricity consumption. Investments in smart cities and sustainable urban development projects drive the demand for modernized medium voltage cable systems equipped with smart monitoring and control capabilities. Furthermore, advancements in insulation materials and cable design technologies enable the development of high-performance, long-lasting medium voltage cable solutions for various applications.
One of the latest trends in the medium voltage cable and accessories industry is the adoption of eco-friendly and recyclable materials in cable manufacturing, driven by sustainability objectives and regulatory requirements. Manufacturers increasingly focus on developing cables with reduced environmental impact, such as lead-free insulation materials and recyclable sheathing compounds. Another emerging trend is the integration of digital technologies, such as IoT sensors and predictive maintenance systems, into medium voltage cable accessories to enable real-time monitoring and remote diagnostics of cable health and performance.
“The transition towards renewable energy sources, coupled with grid modernization initiatives, creates opportunities for the integration of medium voltage cables in decentralized energy networks and microgrids”, – says FMI analyst.
Key Takeaways from the Market Study
The medium voltage cable and accessories industry in the United States is anticipated to rise at a CAGR of 6.5% through 2034.
The medium voltage cable and accessories industry in the United Kingdom is projected to rise at a CAGR of 7.4% through 2034.
China’s medium voltage cable and accessories industry is likely to witness expansion at a CAGR of 5.3% through 2034.
Japan’s medium voltage cable and accessories industry is projected to rise at a CAGR of 7.6% through 2034.
The overhead segment is projected to witness expansion at a CAGR of 5.9% through 2034.
MI segment is anticipated to lead with a CAGR of 5.6% through 2034.
Competitive Landscape
Competition in the medium voltage cable and accessories industry is intense, reflecting the critical role these components play in modern power transmission and distribution systems. Leading firms prioritize the development of durable, high-performance products capable of withstanding the rigors of medium voltage applications, thus ensuring reliability and safety in electrical infrastructure.
Price competitiveness remains a crucial factor shaping the competition in the medium voltage cable and accessories sector. Market players are committed to offering cost-effective solutions without compromising quality or performance. They leverage economies of scale, efficient manufacturing processes, and strategic partnerships to optimize costs and enhance value proposition. Additionally, competition often extends beyond product offerings to encompass service quality, technical support, and after-sales service as companies vie to differentiate themselves in a crowded marketplace
Recent Developments:
NKT AS has introduced a new series of medium voltage cables and accessories for offshore wind applications known as NKT Windlink® Offshore. The products are tailored to the special needs and problems of offshore wind farms, including extreme conditions, fluctuating loads, and great distances.
Okonite Co. opened a new manufacturing plant in Kentucky in August 2022, increasing its capacity and efficiency in the manufacture of medium-voltage cables and accessories.
Hellenic Cables SA has inked an agreement with Terna Energy to supply and install medium voltage cables and accessories to connect the Kafireas II wind farm complex in Greece.
Key Companies in the Market
ABB Ltd.
Hellenic Cables SA
El Sewedy Electric Co.
Prysmian SpA
NKT AS
The Okonite Co.
Eland Cables Ltd
Tratos Cavi SpA
Key Segmentation
By Installation:
Overhead
Underground
Submarine
By Product:
MI
Terminations
Joints
XLPE Cables
By Voltage:
1 to 5
6 to 13
23
34
45
69
By End User:
Industrial
Infrastructure
Renewables
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Be the first person to like this.
April 30, 2024
2 views
The global industrial cleaning solvent market size is poised for significant growth, achieving US$ 1.3 billion in 2024. The industrial cleaning solvent sales is expected to witness a CAGR of 4.8% from 2024 to 2034. By 2034, the demand for industrial cleaning solvent is anticipated to reach a valuation of US$ 2.0 billion.
The demand for industrial cleaning solvents continues to rise due to end-use industry demand, rapid industrial development, and workplace hygiene programs. The industrial cleaning solvent market has expanded globally owing to all these factors.
The primary factor propelling the demand for industrial cleaning chemicals in the healthcare sector is the rising costs incurred by individuals for healthcare.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19093
Using specially designed, safe cleaning agents is necessary to ensure that hospitals always maintain the most stringent standards of sanitization and sanitation. Innovative and secure premium cleaning chemical products are developed due to the sharp increase in demand for industrial cleaning solvents in the healthcare industry.
Regional Outlook
The demand for eco-friendly industrial cleaning solvents is steadily rising in Asia Pacific due to strict policies supporting sustainable practices. Asia Pacific industrial cleaning solvent market growth is attributed to increasing investments in the electronics and automotive industries.
Safer and more environmentally friendly solvents are in high demand in Europe as people become increasingly aware of the harmful consequences of traditional solvents. The Europe market is witnessing increased demand for industrial cleaning solvents designed for particular uses in industries such as pharmaceuticals and aerospace.
Growing corporate social responsibility and sustainability agendas in North America are stirring demand for industrial cleaning solvents and boosting demand for eco-friendly solvent substitutes. Increasingly, North America providers are compelled by strict safety and environmental restrictions to invest in research and development of industrial cleaning solvents that are both non-toxic and biodegradable.
“Due to expanding industrialization, stricter regulations, and an increased focus on sustainable practices, the industrial cleaning solvent market is expected to rise steadily. The increasing need for effective cleaning solutions across various industries prompts growth and innovation in the industrial cleaning chemical market.” – says FMI analyst.
Key Takeaways
The manufacturing and commercial offices segment in the end use industry category is envisioned to evolve at a CAGR of 4.4% between 2024 and 2034.
In the application category, the general and medical device cleaning segment is likely to exhibit a CAGR of 4.6% from 2024 to 2034.
South Korea industrial cleaning chemical market is anticipated to boost at a CAGR of 6.5% between 2024 and 2034.
Japan industrial cleaning solvent market is likely to exhibit a CAGR of 6.3% through 2034.
The United Kingdom industrial cleaning chemical market is envisioned to develop at a CAGR of 6.0% from 2024 to 2034.
China sales of industrial cleaning solvent are expected to strengthen at a CAGR of 5.5% through 2034.
The United States industrial cleaning solvent market is anticipated to thrive at a CAGR of 5.1% through 2034.
Competitive Landscape
Technological improvements, regulatory demands, and environmental concerns are some factors that propel the fierce competition in the industrial cleaning solvent industry. Prominent industrial cleaning solvent providers seek market supremacy by forming lucrative partnerships, expanding distribution networks, and developing innovative formulas.
Market forces such as pricing tactics, supply chain efficiency, and customer service significantly shape the competitive edge. The market is becoming more viable as industrial cleaning solvent manufacturers prioritize sustainability and safety while investing more in environmentally friendly solutions to suit changing customer needs and regulatory requirements.
Noteworthy Developments
At its Ludwigshafen Verbund facility, BASF launched a new methane sulfonic acid production facility in May 2022.
The tertiary amine capacity expansion at Eastman Chemical Company was completed in February 2022. Its manufacturing facility in Ghent grew as a result, becoming the leading tertiary amine facility on the planet.
Industrial Cleaning Solvent Market Key Players
Royal Dutch Shell Plc
Eastman Chemical Company
LyondellBasell Industries Holdings B.V
Ashland Global Holdings Inc
Key Segmentation of the Industrial Cleaning Solvent Market
By Application:
General and Medical Device Cleaning
Metal Cleaners
Disinfectants
Commercial Laundry
Food Cleaners
Others
By End-use industry:
Manufacturing and Commercial Offices
Healthcare
Retail and Food Service
Hospitality
Automotive and Aerospace
Food Processing
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Be the first person to like this.
April 30, 2024
3 views
The epoxy resin market is anticipated to surpass US$ 13.8 billion in 2024 and is likely to attain a valuation of US$ 24 billion by 2034. The epoxy resin market size is projected to thrive at a CAGR of 5.7% from 2024 to 2034.
Epoxy resins are widely used in the electronics and electrical industries, such as shielding delicate electronic components from moisture, dust, and mechanical harm. The demand for dependable, high-performance materials like epoxy resins rises as technology develops and gadgets get more complicated. The market is anticipated to increase as electronics become increasingly integrated into everyday life, from smartphones to smart home appliances, and as sectors like renewable energy and telecoms grow.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19085
Waterborne epoxy resins’ environmental benefits over solvent-based counterparts drive their growing popularity. Waterborne formulations have fewer volatile organic compounds (VOCs) and dangerous air pollutants than solvent-based resins. Waterborne epoxy resins are likely to be in high demand across various sectors, including paints, adhesives, and composites, as environmental restrictions tighten and customers seek more environmentally friendly goods.
Epoxy resins are widely demanded by the healthcare industry, especially in dental products and medical equipment. Epoxy resins are biocompatible and multipurpose materials that are used to make dental composites, adhesives, and coatings for medical equipment. The capacity of epoxy resin to produce accurate and long-lasting dental components helps the dental business and advances dental treatment. Epoxy resins are used in medical devices to ensure the effectiveness and safety of different equipment, assisting in providing high-quality healthcare services.
“Success in the growing epoxy resin market depends on being flexible enough to adjust to technological changes and keeping sustainability in mind. Meeting the varied demands of the sector requires customization, and maintaining competitiveness requires both innovation and regulatory compliance. Being adaptable is essential for surviving in this fast-paced industry.” Says FMI analyst.
Key Takeaways from the Epoxy Resin Market Report
The global epoxy resin market size expanded at a 7.7% CAGR from 2019 to 2023.
The DGBEA segment is anticipated to rise at a 5.6% CAGR through 2034.
The solvent cut epoxy segment is predicted to develop at a 5.3% CAGR through 2034.
The market size in the United States is projected to rise at a 5.9% CAGR through 2034.
The market size in China is anticipated to develop at a 6.1% CAGR through 2034.
The market size in the United Kingdom is estimated to surge at a 7.2% CAGR through 2034.
The market size in South Korea is expected to increase at a 7.0% CAGR through 2034.
Competitive Landscape
The epoxy resin market is typified by a competitive environment that includes both local firms like Kukdo Chemical Co., Ltd. and worldwide giants like Hexion Inc. and Huntsman Corporation. Ongoing innovation, strategic partnerships, and sustainability efforts drive competitiveness. Startups introduce disruptive innovations, while market dynamics are reshaped through mergers and acquisitions. A wider trend towards eco-friendly formulations and materials is reflected in the growing importance of sustainability practices for market positioning.
Key Players in the Epoxy Resin Market
Hexion Inc.
Huntsman Corporation
Aditya Birla Chemicals
Kukdo Chemical Co., Ltd.
Olin Corporation
Nan Ya Plastics Corporation
Dow Inc.
Sika AG
Ashland Global Holdings Inc.
3M Company
DIC Corporation
Atul Ltd.
Evonik Industries AG
Kemper System America, Inc.
Reichhold LLC (Polynt Group)
Recent Developments
In November 2023, Induron Protective Coatings introduced Novasafe, their latest product. Novasafe is a furfuryl-modified, thick film, ceramic-filled novolac epoxy that can endure the most severe conditions in treatment facilities.
In October 2023, Matsumoto Fine Chemical (Ichikawa, Japan) introduced X-1366R, a one-part thermosetting epoxy resin designed for composite infusion operations. It does not require pre-mixing and may quickly enter fibers due to its low viscosity at room temperature.
Epoxy Resin Market Segmentation
By Type:
DGBEA
Novolac
DGBEF
Aliphatic
Glycidylamine
Others
By Technology:
Solvent Cut Epoxy
Liquid Epoxy
Waterborne Epoxy
Others
By Application:
Composites
Paints & Coatings
Grouts & Mortars
Adhesives
Electronic Encapsulation
Others
By End-use:
Aerospace
Automotive & Transportation
Building & Construction
Electrical & Electronics
Marine
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan
Be the first person to like this.
April 29, 2024
2 views
The report titled ‘Global Water and Waste Water Treatment Chemicals Market – Size and Forecast to 2034′ is second in line publication by the Ireland-based competition intelligence research firm FMI, which regularly tracks competition development in the chemical sector and provides a matrix based assessment of company ranking on multivariate parameters.
The chemical sector has always been exposed to boisterous competition development, which frequently translates to flutter developments in the industry – as a result of strategic realignments by market actors. Water and wastewater treatment chemicals market is no different, and a recent report in competition in global water and wastewater treatment chemicals market released by Future Market Insights (FMI) presents an elucidated view of the same.
The competition blueprint report on Global Water and Waste Water Treatment Chemicals Market, identifies Ecolab Incorporated (including Nalco Holdings), Kurita, Berwind Corporation and Dorf Ketal in “Industry Titan’ category, whereas other prominent market actors such as, but not limited to CLIF, FMC Corporation, Kemira, Suez in dominator category.
Competition Blueprint is a four-dimensional matrix developed by FMI, which takes 15 parameters into consideration and classifies each parameter into three strategic indices i.e. Growth Lever Score Index, Portfolio Lever Score Index and Operational Efficiency Lever Index. Over 50 companies across the globe engaged in water & Wastewater Treatment Chemicals production have been evaluated and benchmarked on 15 pre-defined attributes.
For Critical Insights, Request for Sample !
https://www.futuremarketinsights.com/reports/sample/rep-gb-9510
A cumulative score of each company has been clubbed with the respective Market Share Index and a detailed matrix is developed.
It is interesting that companies that account for higher market share than their peers have not been able to fare good and rank among industry titans. Factors such as speed to market, response time to cater the request, capacity utilization rate, management leadership along with strategic priority alignment with water and wastewater treatment chemicals, limit the performance of such companies and despite being dominant, those companies are less likely to exhibit the best performance over the coming years.
Global water and wastewater treatment chemical market size reached US$ 37,192.3 million in 2023. Over the forecast period, global water and wastewater treatment chemicals demand is anticipated to rise at 4.6% CAGR. The market is expected to increase from US$ 38,588.9 million in 2024 to US$ 60,541.2 million by 2034.
Water treatment chemicals find applications across a number of end-user industries where they are used to prevent corrosion and scaling of various equipment and utilities. With proper use of water wastewater treatment chemicals, the efficiency of utilities such as plastic & steel pipes, ooling tower and boilers can be increased significantly, which in turn, leads to enhanced production and higher energy efficiency.
High process efficiency, in turn, lowers operational costs, influencing manufacturers to use water & wastewater treatment chemicals extensively during the process. These chemicals help in the reliable operation of the overall water and wastewater treatment equipment infrastructure.
Stakeholders in the water and wastewater treatment chemical market are also exposed to their share of risks. Considering the long-term need to treat process water, various end-user industries are installing wastewater treatment equipment such as multiple effect evaporators for water treatment as opposed to water treatment chemicals.
Residue salt from these water treatment equipment can be sold in open markets, adding more value to the use of these equipment for process water treatment.
This brings the need for water and wastewater treatment chemicals producers to realign strategy as per market need. Companies failing to do so eventually stand in contender and laggard category in the competition matrix and viz.a.viz losing market footprint.
Key strategies adopted by market actors that have been highlighted in the report by FMI include industry-focused solution, acquiring segment specialist regional players, and spin-off.
Key Segments
By application
Industrial
Municipal
By technology
Tertiary treatment
Secondary treatment
Primary treatment
product type
Biological
Membrane Separation
Sludge
Disinfection
Others
Be the first person to like this.
April 29, 2024
3 views
The encapsulant market is anticipated to be valued at US$ 4.1 billion by 2024. The market valuation is estimated to be US$ 9.5 billion by 2034, projected at a CAGR of 8.7%. The encapsulant market is crucial for various industries, including electronics, automotive, and renewable energy. Encapsulants are materials used to protect and enhance the reliability of electronic components, solar photovoltaic (PV) modules, and other devices by providing insulation, moisture resistance, and mechanical support.
In the electronics industry, encapsulants protect sensitive electronic components from environmental factors such as moisture, dust, and mechanical stress. They are used in applications ranging from semiconductors and printed circuit boards to automotive electronics and consumer devices. Encapsulants ensure electronic products’ long-term reliability and performance, making them indispensable in modern technology.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19086
In the renewable energy sector, encapsulants are primarily used in solar PV modules to encapsulate and protect solar cells from moisture, UV radiation, and mechanical damage. Encapsulants help prolong solar panels lifespan and maintain their efficiency over time. With the increasing adoption of solar energy as a clean and sustainable power source, the demand for encapsulants is rising.
The automotive industry also relies on encapsulants for various applications, including automotive electronics, sensors, and control units. Encapsulants protect against harsh operating conditions, vibration, and thermal cycling, ensuring the reliability and durability of automotive components.
The encapsulant market is driven by technological advancements, increasing demand for electronic devices and renewable energy solutions, and stringent regulatory requirements for product safety and environmental compliance. Manufacturers are focusing on developing innovative encapsulant materials with improved properties such as enhanced thermal conductivity, flame retardancy, and eco-friendliness to meet the evolving needs of different industries.
“The increasing demand for solar photovoltaic (PV) panels is one significant driver for the encapsulant market,” – says FMI analyst.
Key Takeaways from the Market Study
Under curing type, the room temperature registered to expand at 8.6% CAGR by 2034.
The United Kingdom is estimated to register at a CAGR of 9.7% by 2034.
China experiences significant growth, projected at a CAGR of 9.4% by 2034.
Based on the chemistry, the epoxy segment is anticipated to expand at 8.4% CAGR by 2034.
Competitive Landscape
The encapsulant market companies compete on product quality, innovation, pricing, and global presence. There are numerous smaller players and regional manufacturers contributing to market diversity.
Strategic alliances, mergers, acquisitions, and investments in research and development are common strategies employed to gain a competitive edge in this dynamic market.
Key Companies Profiled
Encapsys LLC
Lycored
TasteTech
Givaudan
Balchem Inc.
FrieslandCampina
BASF SE
DSM
Microtek Laboratories, Inc.
Legris Industries Group
Some of the key developments are:
On February 2023, H.B. Fuller participated in INDEX™23, a prominent nonwoven exhibition, unveiling its “Grow in the Now” vision for hygiene manufacturers. The company emphasized collaboration, innovation, and sustainability in its presentation, aiming to advance solutions for the hygiene and nonwoven industry.
On January 2023, H.B. Fuller launched Swift®melt 1515-I, its inaugural bio-compatible product compliant in IMEA (India, Middle East, and Africa). Tailored for microporous medical tape applications, it addresses unique climatic challenges in the Indian sub-continent, such as high temperatures and humidity.
More Valuable Insights Available
Future Market Insights offers an unbiased global encapsulant market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the encapsulant market is segmented based on Curing Type (Room Temperature, UV, Heat Temperature), Chemistry (Epoxy, Urethane, Silicone), End-Use Industry (Consumer Electronics, Medical, Energy & Power, Transportation), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
Be the first person to like this.
April 29, 2024
3 views
The near infrared (NIR) absorbing material market is predicted to be valued at US$ 340 million by 2024. The market valuation is estimated to be US$ 764 million by 2034, projected at a CAGR of 8.4%.
An important motivator is the growth in need for NIR absorbing materials in several industries, such as the food and beverage, pharmaceutical, agricultural, and automotive sectors. The nondestructive analytical method of NIR spectroscopy, utilized for material identification, process monitoring, and quality control, makes substantial use of these compounds.
The need for NIR absorbing materials is driven by the expansion in the usage of NIR spectroscopy in agricultural monitoring, food quality testing, and pharmaceutical analysis.
Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19294
Notwithstanding, certain challenges may impede the expansion of the NIR-absorbing material Market. Alternative materials and technology for spectroscopic applications are a significant concern. Competitive technologies like mid-infrared (MIR) and Raman spectroscopy also offer feasible possibilities, even though NIR spectroscopy has many benefits, including fast analysis, non-destructive nature, and versatility.
Impeding the expansion of the market might be the development of novel materials and improved analytical methods that provide substitutes for NIR-absorbing materials.
Despite these obstacles, the NIR absorbing material market offers numerous prospects for growth. Creating novel NIR-absorbing materials with improved characteristics, such as increased stability, wider spectrum coverage, and higher absorption efficiency, represents a significant potential.
Research and development initiatives may unlock significant market potential opportunities focused on expanding application areas, improving manufacturing processes, and investigating novel materials.
The growing use of NIR spectroscopy in developing sectors, including biotechnology, environmental monitoring, and security, creates new markets for market expansion.
Key Takeaways from the Market Study
Under material type, the organic material segment registered to expand at a CAGR of 8.2% by 2034.
The United States is estimated to register at a CAGR of 8.7% by 2034.
Japan registers significant growth, projected at a CAGR of 9.9% by 2034.
Based on function type, the high transparency segment is registered to expand at 8% CAGR by 2034.
“The expansion in the application scope of NIR spectroscopy across various industries is one significant driver for the near infrared absorbing material market,” – says FMI analyst.
Request Brochure:
https://www.futuremarketinsights.com/reports/brochure/rep-gb-19294
Competitive Landscape
A few market players in the near-infrared absorbing material market compete for market share by offering various NIR-absorbing materials. The businesses make research and development investments to improve material qualities and meet certain industry needs.
Firms in this competitive market segment frequently employ strategic partnerships and collaborations to advance technology and expand their markets. Some of the key developments are
In 2023, Edmund Optics teamed with ISP Optics to provide worldwide availability of ISP Optics, which has an extensive collection of high-quality optical components in over 15 infrared (IR) materials.
In 2023, AGEO acquired Heraeus platinum temperature sensor business.
Key Players in the Near Infrared Absorbing Material Market
Sumitomo Metal Mining Co. Ltd.
Nanophase Technologies Corporation
Heraeus Holding
Keeling & Walker
Edmund Optics
Merck
3M
Resonac Holdings Corporation
Advanced Nano Products Co Ltd
Nippon Shokubai Co. Ltd
More Valuable Insights Available
Future Market Insights offers an unbiased global near infrared absorbing material market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the near infrared absorbing material market is segmented based on Material Type (Organic Material, Inorganic Materials), Function Type (High Transparency, Absorption, Heat Resistance, Solubility, Others), End User (Electronics And Telecommunications, Industrial, Defense And Security, Photovoltaics, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)
Be the first person to like this.
April 26, 2024
6 views
The global lithium ion battery material market is anticipated to reach a valuation of US$ 43.4 billion in 2024, driven by increasing demand for high density batteries.
The trend is expected to create new opportunities for the market, leading to a projected CAGR of 23.9% between 2024 and 2034, and reaching a total valuation of approximately US$ 371.0 billion by 2034.
Request Your Sample and Stay Ahead with Our Insightful Report!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19277
Ensuring the safety of lithium ion batteries is critical for market growth. Investments in developing safer battery chemistries and manufacturing processes contribute to consumer confidence and market adoption.
The proliferation of wearable electronics, such as smartwatches and fitness trackers, relies on compact and lightweight lithium ion batteries. The growing popularity of wearables contributes to the demand for battery materials.
Advancements in artificial intelligence, Internet of Things, and smart grid technologies create new applications and requirements for energy storage, driving demand for lithium ion batteries and their materials.
The aerospace industry is exploring electrification for aircraft propulsion and auxiliary power units. Lithium ion batteries offer high energy density and lightweight characteristics suitable for aerospace applications, driving demand for battery materials.
The electrification trend extends to two wheeled vehicles such as motorcycles and bicycles. Electric bicycles and scooters are gaining popularity in urban areas as environmentally friendly and efficient modes of transportation, contributing to the demand for lithium ion batteries.
Research and development efforts focused on improving the performance and stability of anode and cathode materials, such as silicon anodes and high nickel cathodes, are driving innovation in the lithium ion battery material market.
Besides electric vehicles, stationary energy storage systems for residential, commercial, and utility scale applications are becoming increasingly important. The systems utilize lithium ion batteries to store excess renewable energy or provide backup power, driving demand for battery materials.
Key Takeaways from the Market Study
Global lithium ion battery material market was valued at US$ 34.2 billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 28.4%.
The market in Japan is expected to expand at a CAGR of 25.9% through 2034.
By type, the cathode material segment to account for a CAGR of 23.7% through 2034.
The market in Korea is expected to expand at a CAGR of 26.1% through 2034.
In terms of application, the automotive segment to account for a share of 23.5% in 2024.
“Collaboration among industry players, including battery manufacturers, material suppliers, and technology providers, accelerates innovation and market expansion by combining expertise and resources,” – remarks FMI analyst.
Competitive Landscape
Prominent players in the lithium ion battery material market are Umicore, Targray, LG Chem, BTR New Energy, Shanshan Technology, Showa Denko K.K, Kureha Battery Materials, Mitsubishi Chemical, Asahi Kasei, and Sumitomo Corporation, among others.
Key Developments
In 2023, BASF collaborated with Nanotech Energy, marking a pivotal step towards the local production of lithium ion batteries in North America with a reduced carbon footprint and locally sourced recycled content.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global lithium ion battery material market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the lithium ion battery material market, the market is segmented on the basis of type (cathode material, anode material, lithium ion battery separator, electrolyte), and application (automotive, grid energy storage, consumer electronics, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa).
Be the first person to like this.