Technological Advancements to Influence Metal Cans Market Growth by 2020

The global metal cans market is expected to reach USD 52.83 billion by 2020, according to a new study by Grand View Research, Inc. Metal cans are steel or aluminium container mainly used for the storage of goods such as beverages, foods and chemicals. Increasing environmental benefits coupled with growing demand for beverages and canned foods are expected to drive metal cans demand over the next six years. In addition, fast recycle rate for metal cans in comparison to conventional materials such as glass and plastics is further expected to augment its market growth. Technological innovation and use of eco-friendly products are further expected to serve as key growth opportunity.

Beverages were the largest product segment with consumption of 280,809.8 million cans in 2013, expected to reach 347,915.3 million cans in 2020, growing at a CAGR of 3.1% from 2014 to 2020. The demand for metal cans in beverages is expected to rise due to its benefits such as excellent protection from ultraviolet rays and extended coolness. Moreover, product differentiation and innovation in shape and size of metal cans is expected to boost their demand in beverages. Within beverages, alcoholic beverages dominated market with demand exceeding 127,300.0 million cans in 2013, and generated revenue of USD 16.12 billion in 2013.

Access Research Report of Metal Cans Market@ http://www.grandviewresearch.com/industry-analysis/metal-cans-market

Further key findings from the study suggest:

·       The global metal cans demand was 354,128.3 million cans in 2013 and is expected to reach 431,573.9 million cans by 2020, growing at a CAGR of 2.9% from 2014 to 2020.

·       In terms of revenue, North America was the largest market for metal cans accounting for over 31.0% of global market share, valued at USD 14.16 billion in 2013. The market is expected to show rapid growth due high consumption of canned beverages and processed foods in the region.

·       Asia Pacific demand for metal cans was 94,764.7 million cans in 2013, and is expected to witness fastest growth owing to increasing disposable income coupled with growing preference towards canned food and is expected to grow at an estimated CAGR of 4.3% from 2014 to 2020.

·       In 2013, vegetables accounted for the largest food type segment with market share of over 43.0%. Market demand was 24,156.1 million cans in 2013 and is expected to witness lucrative demand growth, at an estimated CAGR of 1.9% from 2014 to 2020.

·       Key participants in global metal cans market include CPMC Holdings Ltd., Amcor Ltd., Siligan Containers Corporation, Ardagh Packaging Group Plc., Crown Holdings Inc. and Sonoco Phoenix Inc.

Grand View Research has segmented the global metal cans market on the basis of product and region:

Metal Cans Product Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)

·         Beverages

·         Foods

Metal Cans Region Outlook (Volume, Million Cans; Revenue, USD Million, 2012 - 2020)

·         North America

·         Europe

·         Asia Pacific

·         RoW

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Polysilicon Market Hit at a CAGR of 10.2% in Terms Of Revenues from 2016 to 2025

The global polysilicon market is anticipated to reach USD 13.56 billion by 2025, according to a new report by Grand View Research, Inc. The growing solar PV (photovoltaic) and electronic industry are expected to propel market demand over the coming years. The FBR technology used in the production of polysilicon has helped to reduce manufacturing cost to a large extent, thus lowering prices of polysilicon in 2014. Increasing solar photovoltaic installations is projected to impact market growth positively. Polysilicon is also used in the fabrication of crystalline silicon wafers, which is the backbone of the microelectronics industry.

Asia Pacific occupied the largest share of the global polysilicon market on account of a vast number of solar installations in countries such as China, India, Japan, and South Korea. The low cost of solar grade polysilicon is expected to propel market demand over the forecast period.

Access Research Report of Polysilicon Market@ http://www.grandviewresearch.com/industry-analysis/polysilicon-market-analysis

Further Key Findings from the Study Suggest:

·       Huge investments in renewable energy projects across the world is expected to boost the demand for polysilicon over the forecast period

·       Asia Pacific is projected to grow at the highest CAGR with China leading the market share

·       PV capacity expansion projects undertaken in Asia Pacific coupled with the growth of the semiconductor industry is anticipated to complement market growth within the region

·       North America occupied the second largest share in 2015 on account of high polysilicon demand in the U.S. electronics and solar energy industry

·       Implementation of anti-dumping policies is anticipated to restrain market growth over the forecast period

·       The fluidized bed reactor (FBR) technology used for the manufacture of solar grade polysilicon helps to reduce manufacturing cost to a large extent

·       Some of the companies that have adopted the FBR technology for the manufacture of polysilicon include REC Silicone, GCL Poly, and SunEdison Inc.

·       According to the International Technology Roadmap for Photovoltaics (ITRPV), FBR technology used in the manufacture of polysilicon is projected to occupy 30% of the market share by 2017

·       Chinese duties and the oversupply scenario experienced by the polysilicon market in 2013 led to plant shutdowns of company’s such as REC Silicon, SunEdison, Hemlock

·       Companies operating in this market include GCL-Poly, Wacker Chemie AG, OIC Chemical, REC Silicon, Tokuyama, LDK Solar Co. Ltd., Hemlock Semiconductor Group, and TBEA Co. Ltd.   

Grand View Research has segmented the global polysilicon market on the basis of application and region:

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

·         Photovoltaic

·         Electronics

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

·         North America

·         Europe

·         Asia Pacific

·         CSA

·         MEA

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Epoxy Resin Market to Reach around USD 14.26 Billion by 2024: Grand View Research Inc.

The global epoxy resin market is expected to reach USD 14.26 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials.

Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw material prices negatively impact the profitability of epoxy manufacturers. The popularity of alternative resins such as polyamide, PET, unsaturated polyester resin, etc. is likely to curtail the market share of epoxy resins in upcoming years.

The paints & coatings is estimated to emerge as the leading application segment. Market penetration can be attributed to demand from construction, automotive and industrial applications. Composites segment is expected to witness highest growth rate owing to increasing demand for high strength lightweight composite materials from automotive, aerospace and defense industries.

Asia Pacific is estimated to emerge as the largest as well as the fastest growing region over the forecast period. The growth in this region can be attributed to increasing demand for these resins in paints & coatings and composites.

Major players in the market such as Huntsman Corporation, Olin, BASF SE, etc. have high-level integration throughout the value chain. These players have expanded their operation base from resin production to manufacturing end use products such as adhesives, coatings, and composites.

Access Research Report of Epoxy Resin Market@ https://www.grandviewresearch.com/industry-analysis/epoxy-resins-market

Further key findings from the report suggest:

·       Composites is expected to be the fastest growing application segment and is estimated to register a CAGR of 6.1% from 2016 to 2024 in terms of volume

·       Europe is estimated to be the second largest region, and the demand is expected to be valued at USD 2,281.6 million in 2024. Regional growth can be attributed to increasing composites demand from auto and aerospace sectors

·       Nan Ya Plastic Corporation, Olin Corporation, Sanmu Group, Momentive Performance Material Holding LLC, Kukdo Chemical and Aditya Birla Chemicals Ltd. together account for over 50% of the global production capacity.

·       Epichlorohydrin derived from glycerin is among the most dominant raw materials used in the production of epoxy resins

·       Major market players focus to integrate throughout the value chain, to achieve profitability and also expand their presence in emerging markets

Grand View Research has segmented the epoxy Resin market on the basis of application and region:

Global Epoxy Resins Application Outlook (Volume, Kilo Ton; Revenue, USD Million, 2014 - 2024)

·         Paints & coatings

·         Wind turbine

·         Composites

·         Construction

·         Electrical & electronics

·         Adhesives

·         Others

Global Epoxy Resins Regional Outlook (Volume, Kilo Ton; Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Middle East and Africa

·         Central and South America

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Nonwoven Filter Media Market Poised to Expand at a Robust Pace Over 2024

The global nonwoven filter market is expected to reach USD 8.32 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for filtration in industries such as healthcare, transportation, food & beverages, and various others is expected to benefit the global nonwoven filter media market.

Global agencies such as UN have issued directives and prescriptions to keep air & water pollution in check. HVAC, manufacturing, food processing, and hydrocarbon processing applications have found nonwoven filter media effective.

Various regulations regarding water & air pollution are expected to have a favorable impact on the global industry growth. Moreover, there have been lots of technological advancements across the globe to develop new and innovative filter media over the past few years.

Healthcare segment is presumed to be the fastest growing application over the next eight years. Nonwoven filter media is used as disposable medical products and helps protection against infections especially from hospitals. These media are also used in face masks to lessen the hazardous impact of pollution across the globe.

Gaining popularity of membrane filtration may have a negative impact on the overall market growth. However, nonwoven filter media has a certain advantage over other media fibers such as light weight, easy to handle, can be tailor made, highly efficient and high temperature resistance. These characteristics give the product an advantage over other filter media.

Access Research Report of Nonwoven Filter Media Market @ http://www.grandviewresearch.com/industry-analysis/nonwoven-filter-media-market

Further key findings from the report suggest:

·       Spunbond is the most preferred filter technology, and the segment accounted for over 35% of the total technology market in 2015.

·       Spunbond technology is used across automotive, healthcare & personal care, and packaging industry.

·       Meltblown nonwoven technology is expected to grow at a significant rate over the next eight years. Cost effectiveness is the attributed primary reason for this technology’s widespread usage.

·       Asia Pacific emerged as the leading regional market and held over 30% of the global demand in 2015. The surge in demand for nonwoven filter media in major end-use industries such as transportation, filtration, and healthcare to create ample opportunities in the region.

·       Industrialization across regions such as South East Asia, India, and China is further anticipated to fuel the market development.

·       Focus of major industry participants on innovation and research & development has intensified the industry competition.

·       The market shows different dynamics regarding market strategies, M&As, and product diversification. The market is oligopolistic in nature and is dominated by few key players such as Ahlstrom, TransWeb, LLC, Delstar Technologies, Inc. and DuPont Inc.

·       Major companies have established manufacturing units in different countries for efficient raw material sourcing and catering to global demand

·       Efforts taken by companies to achieve product differentiation is contributing to increased industry rivalry

·       Other companies involved in the industry include 3M, Dupont Inc, Cummins Filtration, Honeywell Process Solutions, Pegas Nonwovens S.r.o., Kimberly-Clark Corporation.

Grand View Research has segmented the global nonwoven filter media market on the basis of technology, application and region.

Global Nonwoven Filter Media Technology Outlook (Revenue, USD Million, 2014 - 2024)

·         Spunbond

·         Meltblown

·         Wetlaid

·         Needlepunch

·         Others

Global Nonwoven Filter Media Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Transportation

·         Water Filtration

·         HVAC

·         Food and Beverages

·         Healthcare

·         Manufacturing

·         Advanced Technology

Global Nonwoven Filter Media Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Paint Additives Market is Projected to Expand at a CAGR of 6.0% from 2017 to 2025

According to a report published by Grand View Research, Inc.; the paint additives market is likely to reach a valuation of around USD 10.9 billion by 2025.

Applications in industries including marine, aerospace, oil and gas, furniture, machinery, and automotive, and cookware and household can propel the market during the forecast period (2014 to 2025). In addition, increasing use of paints and coatings in automotive and construction due to supportive solvent properties is likely to support the market growth in the coming years.

Growing demand for bio-based products and sustainable solutions like changes in regulations are likely to boost the use of these products in many sectors. In addition, development of low and no-VOC coatings is boosting the market growth. Manufacturers are increasingly inclined toward making eco-friendly paint with no volatile organic compound due to increasing consumers preference for green paints due to implementation of strict regulatory policies. This is expected to create more opportunities in the market. In addition, supportive changes in government rules and additive standards, particularly concerning homecare and personal care products can have positive impact on the market.

Paint additives market can be segmented on the basis of product, application, and region. Based on product, the market can be bifurcated into biocides, rheology modifiers, wetting and dispersion agents, anti-foamers, and others.

Access Research Report of Paint Additives Market@ www.grandviewresearch.com/industry-analysis/paint-additives-market

In 2016, rheology modifiers segment estimated for the largest revenue of 28%. Rheological additives are vital constituents used in inks, coatings, and paints to regulate and adjust the properties and characteristics of liquid products. These modifiers decrease dripping and splattering of liquid products during application.

As per application, the market can be split into architectural, wood and furniture, industrial, automotive, and others. In 2016, the architectural application segment accounted for the largest market share of 38.1% of total revenue. It is expected to gain highest CAGR of 7.1% during 2017 to 2025 due to rise in construction activities across the world, especially in emerging countries from Central and South America and Asia Pacific. Architectural coatings are used in houses and buildings as wall paints, roof coatings, and deck finishers. Additionally, increasing demand for green coatings in interiors is likely to drive the product demand during the forecast period. Increasing construction of new homes and renovation projects in the U.S and other countries is likely to propel the demand for these coatings. Increasing demand for premium, high-quality, and specialty coatings for interior and exterior projects can significantly increase the demand for these coatings over the forecast period.

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

Europe and the U.S are some of the mature markets. In 2016, Asia Pacific dominated the market and expected to continue its dominance during the forecast period. The region is expected to grow with a CAGR of 6.9% during 2017 to 2025 on account of flourishing marine, construction, and automotive industries. Growing sales of coupled with rising expenditure for construction in emerging countries in this region is expected to positively drive the market over the forecast period.

Increasing demand for these products in commercial and residential construction sector and expansion of automotive sector in emerging economies including Malaysia, China, and India are likely to boost the market over the forecast period. Increasing disposable income along with improving standards of living has resulted into high purchase of vehicles in this region. This is expected to increase demand for automotive coatings during the forecast period.

Prominent companies operating in the market include Ashland Global Holdings Inc.; AkzoNobel N.V.; BASF SE; Arkema S.A.; and Evonik Industries. Manufacturers have increased their production capacities in order to complete requirement from several industries. Companies are also following strategies like mergers and acquisitions to improve their product range and expand there presence globally. Increasing demand for eco-friendly paints and coatings have encouraged manufacturers to make to make high investments in R&D activities to develop products to comply domestic as well as international norms.

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com