Polyphenylene Sulfide Market Value Expected to Increase at a CAGR of 8.8% during 2019 to 2025

The global polyphenylene sulfide market size is expected to reach USD 2.14 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a CAGR of 8.8% during the forecast period. Several characteristics including high creep resistance, stiffness and strength, excellent temperature properties, and good chemical resistance are the key factors driving the PPS market growth.

The consumption of in automotive industries is projected to exhibit a significant growth owing to rising application in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. PPS is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment. This factor is anticipated to spur the product demand over the next few years.

Asia Pacific is anticipated to showcase substantial growth in light of rising living standard and increasing industrialization especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel expansion of the PPS market over the next seven years.

Growing demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks, and thermostats and switch components in emerging economies including India, China, Malaysia, and Indonesia owing to rising disposable income of consumers is expected to propel polyphenylene sulfide market growth.

Rising consumption in coating applications owing to the high heat resistance, chemical resistance, and excellent electrical properties of polyphenylene sulfide will augment the demand. Also, high consumption in non-stick cookware, food processing, and chemical processing equipment will stimulate product penetration over the next few years.

Access Research Report of Polyphenylene Sulfide Market @ https://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry

Further key findings from the report suggest:

·       In terms of revenue, electronics and electrical application is projected to ascend at a CAGR of 8.8% over the forecast years

·       Automotive application led the global PPS market with a volume share of over 31.8% in 2018

·       Industrial, constituting a revenue share of 24.5% in 2018, is projected to exhibit a high growth in the next few years

·       Asia Pacific led the global Polyphenylene Sulfide (PPS) market in 2018 with 62.1% volume share. This trend is projected to continue over the next few years

·       Growing aviation industry on account of increasing government investments in aerospace mainly in India, South Korea, Singapore, and Malaysia is further expected to propel the demand from aerospace market

·       The market is highly competitive in nature. The main players include DIC, Toray Industries, Tosoh Corporation, SK Chemicals, Daicel Corporation, SABIC, Teijin Ltd. and RTP Company

·       Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming application segments.

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

Polyphenylene Sulfide (PPS) Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Automotive

·         Electrical & Electronics

·         Industrial

·         Coatings

·         Others

Polyphenylene Sulfide (PPS) Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    Japan

o    China

·         Central & South America

o    Brazil

·         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.

Titanium Dioxide Market To Reap Over $28.19 Billion In Revenues By End Of 2025

The global titanium dioxide market size is expected to reach USD 28.19 billion by 2025 registering a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Rise in demand for paints & coatings due to expanding construction and automotive sectors across the globe will augment the TiO₂ market growth over the forecast period. Growing automotive industry due to technological advancements in the sector coupled with rising demand for lightweight vehicles has also contributed to the industry expansion.

Lightweight materials used in the automotive industry contain specific amounts of carbon fiber, which is a cost- and fuel-efficient as it helps reduce the carbon footprint. These materials are malleable, remolded, and reshaped, which results in low-cost production. These factors are expected to boost the market growth in the next few years. The photovoltaic method converts solar energy into direct current electricity using materials, such as TiO₂ and amorphous silicon. Energy generated from the solar PV is considered as sustainable energy and renewable source making it cost-effective.

The demand for electricity is increasing rapidly with the rising world population. In developing countries like China, India, Indonesia, and Malaysia, the demand for energy conservation is high due to urbanization and industrialization. Increasing demand for sustainable energy sources is expected to have a positive impact on the market in the next couple of years. Titanium dioxide particles have wide application scope due to their high stability, photocatalytic properties, and anti-corrosive nature and are manufactured from anatase. They are used in consumer products, such as sunscreens, and as components for articulating implants for the hip and knee.

These nanoparticles are also used as catalyst in semiconductor photocatalysis, water treatment plants, and as a photoactive material in nanocrystalline solar cells. Other applications in self-cleaning tiles, textiles, windows, and anti-fogging car mirrors are expected to support the market growth over the forecast period. However, dust particles of the product are grouped under 2B carcinogens by IRAC. Thus, stringent regulations are projected to have a negative impact on the market growth.

Access Research Report of Titanium Dioxide Market @ https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry

Further key findings from the study suggest:

·       In terms of revenue, paints & coatings is anticipated to be the largest application segment reaching at USD 16.40 billion by 2025

·       On the other hand, the plastics application segment is anticipated to register the highest CAGR of 9.3% from 2019 to 2025

·       Asia Pacific is anticipated to be the largest and fastest-growing regional market over the next few years

·       In terms of revenue, Middle East & Africa is also anticipated to witness a lucrative growth due to rising number of construction projects in the region

·       Some of the key companies in the global titanium dioxide market are Cristal Global; Kronos Worldwide, Inc.; Huntsman Corp.; The Chemours Company; and Tronox Limited

 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.

Intumescent Coatings Market Size Projected to Rise Lucratively during the Forecast Period

The global intumescent coatings market size is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. Extensive usage of passive fire protection for steel structures used in offshore and onshore extraction and purification and refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in Asia Pacific is expected to propel demand over the forecast period. The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and high bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation will also hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next nine years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea. Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period.

Access Research Report of Intumescent Coatings Market @ https://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry

Further key findings from the study suggest:

·       Water-based coatings is expected to be the fastest-growing technology segment of the global intumescent coatings market from 2019 to 2025

·       Oil & gas end-use segment held the largest share of the market in 2018 and is expected to continue its dominance over the forecast period

·       Asia Pacific was the largest market in 2018 and is projected to expand further at the highest CAGR during the forecast years

·       Cellulosic is projected to be the largest, as well as the fastest-growing, application segment over the next few years

Grand View Research has segmented the global intumescent coatings market on the basis of technology, application, end use, and region:

Intumescent Coatings Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Water-based

·         Solvent-based

·         Epoxy-based

Intumescent Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Hydrocarbons

·         Cellulosic

Intumescent Coatings End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Oil & Gas

·         Construction

·         Automotive

·         Others

Intumescent Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    Germany

o    France

o    Spain

o    Denmark

o    Finland

o    Italy

o    Belgium

o    Netherlands

o    Russia

o    Sweden

o    Romania

o    Poland

·         Asia Pacific

o    China

o    Japan

o    India

·         Central & South America

o    Brazil

o    Argentina

·         Middle East & Africa

o    Saudi Arabia

o    South 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.

Halal Food Market Insights Business Opportunities, Current Trends And Forecast 2025

The global halal food & beverage market size is expected to reach USD 739.59 billion by 2025, according to a new report by Grand View Research, Inc. The global halal food industry is expected to witness significant growth over the forecast period owing to increasing Muslim population and their substantially increasing expenditure on food & non-beverages, which is considered as the main driving force of this market. The total Islamic population is expected to increase from 23% in the present situation to around 30% of the total world population by 2030.

World over initiatives has been seen escalating since the last few years with the advent of few events in Asia Pacific and the Middle East & African region, which are the top two regions contributing to the growth of the global market. A major bilateral initiative to mention would be the cooperation between Abu Dhabi and South Korea, which allowed South Korea to gain further access to the global halal food market.

Governments of the Islamic as well as the non-Islamic nations and the manufacturers of halal-certified food products have been taking various initiatives in terms of marketing & educating consumers about these products. The confidence of consumers in halal brands has been the most influential factor in the actual purchase of these products.

Meat and alternatives were the largest product segment in 2016 with a net market worth of over USD 590 billion globally. Halal meat has always been a remarkable business segment. The formation of Organization of Islamic Cooperation (OIC) has been well placed to take the initiative of setting an international standard for these food items. Owing to the formation of these types of organizational figures the industry participants have been successful to a great extent in building consumer trust and pushing penetration of the product category to even higher levels.

Access Research Report of Halal Food Market@ https://www.grandviewresearch.com/industry-analysis/halal-food-market

Further key findings from the report suggest:

·       The global halal food market was valued at USD 436.8 billion in 2016 and is estimated to grow at a CAGR of 6.1% over the next eight years

·       Milk & milk products such as processed milk, cheese, and yogurt are expected to be one of the another primary product segment driving growth for the global industry

·       Beverages such as carbonated drinks, packaged juice, and sweeteners with halal certification are expected to witness substantial demand over the forecast period. The segment is estimated to grow at a CAGR of over 4.9% in Turkey.

·       Asia Pacific was the leading consumer in 2016. Around 63% of the global Muslim population resides in this region, which is the main driving factor in the region. Indonesia and Malaysia together accounted for over 55% of the regional demand in 2016.

·       Major companies actively operating in the global halal food industry include Nestlé, Glanbia Cheese Ltd, Guenther Bakeries UK Ltd, Kellogg’s

·       Companies have been trying to strengthen consumer trust with several marketing campaigns trying to be transparent about their production process of packed halal foods

Grand View Research has segmented the global halal food market on the basis of product and region:

Halal Food & Beverage Product Outlook (USD Million, 2014 - 2025)

·         Halal Meat & Alternatives

·         Halal Milk & Milk Products

·         Halal Fruits & Vegetables

·         Halal Grain Products

·         Other Halal Food & Beverage Products

Halal Food & Beverage Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Turkey

o    Russia

o    Germany

o    UK

·         Asia Pacific

o    Indonesia

o    Malaysia

o    Pakistan

o    India

·         Middle East & Africa

o    Egypt

o    Saudi Arabia

o    Nigeria

o    UAE

·         Central & South America (CSA)

o    Brazil

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.