Friday 4 December 2020

Bioactive Material Market Is Expected To Accomplish A Valuation Of Around USD 3.29 Billion By 2025

 The global bioactive materials market is expected to reach USD 3.29 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 10.1% over the forecast period, owing to rising substitution of engineered plastics in implants.

Increasing healthcare expenditure by the consumers is expected to drive the demand for bioactive materials over the forecast period. Rising geriatric population is likely to trigger the demand for such products primarily for use in the production of prosthesis and implants, thereby driving the market over the next eight years.

Growing use of bioactive materials for coating metal implants to promote bone healing & osteogenesis, and mitogenesis of undifferentiated cells is expected to drive the market growth over the forecast period. The demand for such products is likely to rise on account of growing product adoption by consumers including hospitals and private surgeons.

The industry is expected to benefit from the rising technological advancements across the globe. In addition, the products are expected to gain traction over the forecast period driven by the superior performance in bone regeneration surgeries.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/bioactive-materials-industry

Further key findings from the report suggest:

  • Glass accounted for a market share of 37.7% in 2016, of the material segment, growing at a CAGR of 12.4% from 2017 to 2025, owing to its successful clinical applications and rising use in tissue engineering
  • Powder accounted for 23.4% of the overall revenue share in 2016, due to high demand in tooth implants and other dentistry applications driven by superior amalgamation properties
  • The market for bioactive materials in surgery is expected to grow at CAGR of 11.3% from 2017 to 2025. Recent advancements in the stem cell technology have boosted the demand for bioactive materials in the field of medicine and science and the trend is expected to sustain over the forecast period
  • North America accounted for the highest global share of 37.0% in 2016 driven by high per capita healthcare spending owing to Affordable Care Act (ACA) introduced by the Obama administration in 2010
  • Key participants of the industry include Zimmer Holding Inc., Medtronic Inc., Stryker Corporation, and Depuysynthes, with the companies focusing on new technology, excellent performance and customized products to gain market share

Grand View Research has segmented the bioactive materials market on the basis of material, type, application and region:

Bioactive Materials, Materials Outlook (Revenue, USD Million, 2014 - 2025)

  • Glass
  • Glass Ceramic
  • Composite
  • Others

Bioactive Materials, Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Powders
  • Moldables & Injectables
  • Granules
  • Others

Bioactive Materials, Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Dentistry
  • Surgery
  • Bioengineering
  • Others

Bioactive Materials, Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • 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.

Thermal Insulation Coating Market to Expand with Significant CAGR During the Forecast Period

 The Report Thermal Insulation Coating Market Analysis By Product (Acrylic, Epoxy, Polyurethane, YSZ, Mullite), By Application (Construction, Transportation, Aerospace, Manufacturing), And Segment Forecasts, 2018 - 2025

The global thermal insulation coating market is anticipated to reach USD 11.75 billion by 2025, according to a new report by Grand View Research, Inc. Developments in manufacturing & industrial sector are projected to impact demand positively. Thermal insulation coatings lessen the heat loss in various equipment, thus improving their performance and reducing the overall maintenance cost.

Thermal Insulation Coating

Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.

Increased demand for the products which are capable of working in high-temperatures in both cyclic and isothermal models is anticipated to foster usage in the manufacturing sector. New product launches have enabled consumers to pick application specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

Access Research Report of Thermal Insulation Coating Market @https://www.grandviewresearch.com/industry-analysis/thermal-insulation-coating-market

Further key findings from the report suggest:

  • The global thermal insulation coating market was valued at USD 6.66 billion in 2016 and is expected to grow at a CAGR of 6.5% from 2017 to 2025
  • Yttria Stabilized Zirconia (YSZ) occupied the largest revenue share on account of its higher price and increasing usage in power generation systems, diesel and gas turbine engines
  • Epoxy emerged as the fastest growing product segment in Europe and North America as it is free from volatile organic compounds (VOC)
  • Rising demand for environment-friendly and energy saving products & solutions is expected to drive this market
  • The automotive & transportation segment accounted for 25.3% of the global market in 2016 and is projected to grow at the second highest CAGR over forecast period
  • Stringent environmental rules & regulations and focus on indoor air quality is anticipated to drive the epoxy based segment
  • Increasing investment from government & private institutions in the aerospace & defense sector is projected to contribute to the demand for these coatings
  • Key players include PPG Industries, Nippon Paint Holdings Co., Mascoat, AkzoNobel N.V., Carboline Company, Sherwin-Williams Company
  • R&D activities, new product launches, acquisition & mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

Grand View Research has segmented the global thermal insulation coating market on the basis of product, application, and region:

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

  • Acrylic
  • Epoxy
  • Polyurethane
  • Yttria Stabilized Zirconia (YSZ)
  • Mullite

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

  • Building & Construction
  • Automotive & Transportation
  • Aerospace & Defense
  • Manufacturing
  • Others

Thermal Insulation Coating Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • 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.

Automotive Exterior Materials Market To Benefit from Increased Global Uptake of 2025

 The global automotive exterior materials market is expected to reach USD 19.21 billion in 2025, according to a new report by Grand View Research, Inc. Steel which was predominantly the material of choice for various exterior components is expected to witness rising competition from plastics and carbon composite materials.

High prices of these composites have limited use of these materials to certain components. Sustainability is expected to emerge as a key megatrend which is likely to shape the future of materials used for manufacturing car exteriors and will pose greater challenges for automobile designers.

Automotive Exterior Materials

Increasing environmental concerns and stringent norms have forced automotive manufacturers to control automotive pollution. One of the most important factors affecting fuel efficiency and vehicular pollution is the curb weight. Reduction in curb weight drastically increases fuel efficiency and reduces vehicular pollution.

The application of carbon fiber has been limited to high-performance cars because of the high carbon fiber cost. However, extensive R&D work is being undertaken by several manufacturers to develop low-cost carbon fiber grade with similar mechanical properties as that of high-cost variants. This is expected to spur carbon fiber demand in the automotive industry over the forecast period.

The market is characterized by the presence of major companies with a minimal difference in their shares, making each of them capable of gaining market leader position. The degree of competition is expected to remain high over the next five years.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-exterior-materials-market

Further key findings from the study suggest:

  • The global market was valued at USD 10.46 billion in 2016 and is projected to reach USD 19.2 billion by 2025, growing at an estimated CAGR of 7.0% from 2017 to 2025
  • Asia Pacific is expected to be the fastest-growing region and will probably register a demand of 8.87 million tons by 2025
  • Steel holds 36% of the global market and is projected to retain its dominance over the forecast period as well. Although, the development of lightweight substitutes for light and electric vehicles remains a major area of growth in this market.
  • In terms of application, doors dominate the market with 29% of the market revenue
  • Key players operating in the market include Magna International Inc., Toyota Boshoku Corporation, Kirchhoff Automotive GmbH, Trinseo S.A., DURA Automotive Systems, LLC, Plastic Omnium Co., etc.

Grand View Research has segmented the automotive exterior materials market on the basis of product, application, and region:

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

  • Steel
  • Aluminum
  • Plastics
  • Glass composites
  • Carbon composites
  • Others

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

  • Bumpers
  • Fenders
  • Doors
  • Hoods
  • Tailgates
  • Others

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

  • North America
    • The U.S.
  • Europe
    • Germany
    • The U.K.
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • The Middle East and Africa
  • Central & 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.

Thursday 3 December 2020

Automotive Metal Market Soaring Demand Assures Motivated Revenue Share By 2025

 The global automotive metal market size is expected to reach USD 129.33 billion by 2025, at a growing of 4.4%, according to a new report by Grand View Research, Inc. The global vehicle demand was 78.2 million units in 2011 and increased to 93.9 million units in 2016. Increasing demand for vehicles worldwide has led to increase in the production of vehicles, thereby propelling the demand for automotive metals.

Automotive Metal

Regulatory policies have led to increased focus towards the production of lightweight and fuel efficient cars which are anticipated to have a positive impact on the demand for aluminum, magnesium, high strength steel, and advanced high strength steel. Aluminum is the second majorly used metals in the automotive industry. It is used to manufacture engine radiators, wheels, bumpers, suspension parts, engine cylinder blocks, transmission bodies, hood, doors, and frame of the vehicles.

The automotive metals market is expected to witness restrained growth due to the high cost of certain metals including magnesium & aluminum and increasing use of plastics as replacement of metals in certain automotive components. Some of the majorly used plastics in automotive industry are polypropylene, polyurethane, polyamide, acrylonitrile butadiene styrene, and poly vinyl chloride while polyethylene and PMMA are expected to witness the fastest growth in the demand over the next eight years.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-metal-market

Further key findings from the report suggest:

  • Aluminum is expected to witness a significant growth of 6.1%, in terms of revenue, from 2017 to 2025 on account of its superior properties and lightweight as compared to other metals
  • Power train is expected to witness sluggish growth of 2.5%, in terms of volume, from 2017 to 2025 on account of growing utilization of plastic & composite materials in this application
  • Heavy commercial vehicles are anticipated to witness a CAGR of 1.0%, in terms of volume, from 2017 to 2025 on account of declining production of these vehicles globally
  • The declining sales of vehicles and overstocking of components by the distributors has led to a sluggish growth of the market in Middle East & Africa. However, the region is expected to witness growth over the coming years as companies are focusing on the untapped areas such as car components.
  • In November 2016, ArcelorMittal launched three new products for automotive application including ductibor 1000, usibor 2000, and martlnsite 1700
  • In February 2017, Tata Steel signed definitive agreement with Liberty House Group for the sale of its specialty steel business

Grand View Research has segmented the global automotive metals market on the basis of product, application, end-use, and region:

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

  • Aluminum
  • Steel
  • Magnesium
  • Others

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

  • Body structure
  • Power train
  • Suspension
  • Others

Automotive Metal End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Passenger cars
  • Light commercial vehicles
  • Heavy commercial vehicles

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

  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
    • 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.

Strapping Machine Market to Reflect Impressive Expansion During 2018 – 2025

 The global strapping machine market is expected to reach USD 6.4 billion by 2025, growing at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Globally increasing demand from Asia Pacific region has been a major factor driving market growth. In addition, significant growth in various application industries such as food & beverage, packaging, and consumer goods is further boosting the market growth.

Strapping Machine Market

Strapping machines are extensively used in the packaging industry for the strapping or wrapping of goods as packages held tight & together have a longer shelf life. Growing need for safe shipping of the various products from applications such as food & beverages, consumer appliances, household appliances, newspaper and other merchandises goods are fueling the demand for the strapping machines over the forecast period.

Semi-automatic was the largest category in 2016 and the trend is expected to continue over the forecast period. Semi-automatic strapping machines are extensively used owing to its reduced maintenance cost, adjustable height, strap variety, and high tension control.

Asia Pacific is expected to continue its domination over the forecast period primarily driven by the presence of major economies such as India, China, Japan, and others. Asia Pacific expected to experience the fastest growth over the forecast period with an estimated CAGR of 5.6% from 2017 to 2025.

Access Research Report of Strapping Machine Market@ http://www.grandviewresearch.com/industry-analysis/strapping-machine-market

Further key findings from the report suggest:

  • Globally, polypropylene (PP) as a strapping material is projected to experience significant growth in terms of revenue growing at a rate of 5.5% between 2017 and 2025. The growth can be attributed to rising demand from the packaging industry and growing need for increasing shelf life of goods.
  • Asia Pacific accounted for the largest market in 2016 with an estimated revenue of USD 1.4 billion and the growth is expected to be fueled significantly owing to the presence of major economies such as India, China, and Japan. China held the largest market share in 2016 and is expected to witness higher growth rate for strapping machines due to increasing purchasing power parity and growing packaging industry.
  • Key players in the market includes Dynaric Inc., Samuel Strapping Systems, Signode Packaging Systems Corporation, Fromm Holdings AG, Messersì Packaging S.r.l., Mosca GmbH, Polychem Corporation, MJ Maillis S.A., StraPack Inc., Strapex Group, Transpak Equipment Corp., and others. The major players in the market are working together to form joint venture, partnerships, collaborations which would enable them to maintain the market share over the forecast period.

Grand View Research has segmented the global strapping machine market based on product, material, application and region:

Strapping Machine Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Semi-automatic
  • Automatic
  • Fully automatic

Strapping Machine Material Outlook (Revenue, USD Million; 2014 - 2025)

  • Steel
  • Polypropylene
  • Polyester

Strapping Machine Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Food & beverage
  • Consumer electronics
  • Household appliances
  • Newspaper & graphics
  • Others

Strapping Machine Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America
    • US.
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • 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.

Linseed Oil Market Poised to Expand at a Robust Pace of USD 939 Million Over 2025

 The global linseed oil market is expected to be valued at USD 939 million by 2025, according to a new report by Grand View Research, Inc. Linseed oil is naturally derived from dried flax seeds by the process of pressing and solvent extraction. Increasing investments in plant facilities for the production of flaxseeds are projected to propel the market over the foreseeable period.

Linseed oil is largely used for manufacturing products such as paints, putty, wood finish, nutritional supplement, food processing, flooring, and linoleum. It is used as a drying oil in wood varnish finishing pigment binder in oil paints due to its fast drying, bonding, and film forming properties.

Linseed is rich in nutrition and fiber content along with vitamins and essential fatty acids, which increase its demand in the market in nutritional supplements industry. Increasing suppliers of flax are expected to drive the market over the coming years. Growing awareness regarding the use of flax oil for weight reduction, healthy hair, and dandruff removal is projected to propel the market growth.

The rising number of R&D activities and mergers & acquisitions carried out by companies, such as Archer Daniels Midland (ADM) Company, Cargill, Incorporated, and Henry Lamotte Oils GmbH, to enhance the product portfolio is projected to propel the market over the next eight years. Growing crop harvest, yield, and production of oil from flaxseed crop in the U.S. are projected to spur the North American regional segment.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/linseed-oil-market

Further key findings from the report suggest:

  • The global demand was valued at USD 720 million in 2016 and the market is expected to record a CAGR of 3.0% over the forecast period
  • Increasing awareness regarding the medical benefits offered by this oil as cancer & cellulite fighter and heart health booster is expected to propel the market growth
  • Paints & varnishes emerged as the largest application segment and generated a revenue of USD 211.09 million in 2016
  • The growing number of manufacturers and suppliers of flaxseeds for the production of linseed oil is anticipated to spur market growth over the forecast period
  • Regulation directives have been provided by Occupational, Safety & Health Administration (OSHA) in the U.S. for the industrial hygienists on extracting oil from flaxseeds
  • Asia Pacific was the significant regional segment in 2016 and is anticipated to hold a considerable share in the market, reporting an estimated CAGR of around 3.4% in terms of revenue over the forecast period
  • Increasing demand from paints and food processing end-use industries is projected to drive the Asia Pacific regional market
  • Growing demand from the U.S. and Canada for the product as a varnish for wooden products is projected to boost the industry
  • In September 2013, Cargill rebuilt and expanded its oilseed processing plant in West Fargo, which processes sunflower and canola seeds into edible oil for food processing business, flaxseed for linseed oil for industrial use, and protein meal for animal feed
  • Players operating in the market include Gustav Heess GmbH; Henry Lamotte Oils GmbH; Krishi Oils Limited; Cargill, Inc.; Archer Daniels Midland (ADM) Company; Natrol, LLC.; and Natural Factors, Inc.

Grand View Research has segmented the global linseed oil market on the basis of application and region.

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

  • Paints & varnishes
  • Flooring
  • Processed food
  • Cosmetics
  • Pharmaceuticals
  • Others

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

  • 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.

Amines Market Is Expected To Gain Significant Traction Over The Forecast Period

 The global amines market is expected to reach USD 29.3 billion by 2025, according to a new report by Grand View Research, Inc. The fast-paced growth of the personal care industry across the globe acts as a prime factor driving market growth. In addition, the increasing application scope of the product in the water treatment and building & construction industries is projected to have positive impacts on the overall market growth over the forecast years.

The growing use of ethanol amines and its derivatives for the manufacture of a gamut range of emulsifiers, additives, chelating agents, and chemical intermediates for gas and water treatment is expected to drive demand for the product over the coming years. Ethanolamine accounted for the largest product segment on account of the high usage in skin and hair care products, including shampoos, cosmetics, conditioner, and serum.

Amines are increasingly being used for the manufacture of asphalt and concrete additives. The rapid growth of building & construction in key economies such as China, Germany, India, and the U.S., is slated to drive product demand over the forecast years.

The amines industry is expected to witness the fastest growth in the personal care application segment, slated to grow at a CAGR of 5.2% during the forecast period, in terms of revenue. The presence of highly integrated market players such as BASF SE, Dow Chemicals, Eastman Chemical, and PPG Industries, with extensive product portfolios and distribution networks across the globe, is expected to drive the overall industry demand over the forecast period.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/amines-industry

Further key findings from the report suggest:

  • The amines market was valued at USD 14.4 billion in 2016 and is projected to grow at a significant growth rate during the forecast period, mainly on account of growing applications in several end-use verticals, including personal care, construction, mining, and metalworking.
  • The fatty amines product segment accounted for the second-largest share of the overall industry revenues in 2016. This segment is expected to grow at a CAGR of 8.6% during the forecast period, on account of increasing use of the product in the manufacture of corrosion inhibitors, flotation agents, and anti-cackling agents.
  • The product demand in crop protection was recorded to be the highest among all applications, and is expected to witness growth at nearly 8% over the forecast period, on account of growth of the agricultural sector in several emerging economies worldwide.
  • The Asia Pacific amines segment dominated the overall industry; valued at nearly USD 6.5 billion in 2016, and is expected to witness the highest growth during the forecast period, on account of rapid surge in demand for surfactants, personal care, and crop protection chemicals in emerging economies of the region.
  • The key strategies adopted by the industry players include distribution agreements, expansion of production capacity and acquisitions. For instance, BASF set up a production facility for the manufacture of specialty and ethanol amines in China.

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

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

  • Ethanolamine
  • Fatty Amines
  • Alkylamines
  • Others

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

  • Crop Protection
  • Surfactants
  • Water treatment
  • Personal care
  • Gas Treatment
  • Others

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

  • 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.

Automotive Film Market Poised for Robust Value CAGR of Over 12.0% Through 2021: Grand View Research Inc.

 The Report Automotive Film Market Analysis By Product (Tinting Films, Paint Protection Films, NVH Film Laminates, Wrap Films), By Application (Interior, Exterior), By Function (Protection, NVH), By Channel (OEM, Aftermarket), And Segment Forecasts, 2018 - 2021

The global automotive film market is expected to reach USD 10.13 billion by 2021, according to a new report by Grand View Research, Inc. The growing demand for automotive film in exterior and interior applications is expected to drive market growth.

The industry is expected to grow on account of the demand for films in for interior and exterior protection of the vehicle. The increasing demand for paint protection films and NVH films for the smooth functioning of the vehicle is expected to drive growth over the forecast period.

The industry growth is majorly driven by the rapid increase in the demand for automotive wraps to enhance the aesthetic value of the vehicles. Furthermore, reduction in the maintenance cost of vehicles owing to the protective characteristics offered by the wraps is expected to drive market growth.

Increasing purchasing power of consumers coupled with technological advancements, such as the advent of the bio-based polyester film is expected to fuel market growth. Growing consumer awareness regarding the benefits of these products along with the recovery of the automotive industry is anticipated to aid their consumption in the global market.

The cost benefit ratio is expected to drive demand owing to the ability of the product to sustain extreme conditions. Stringent regulations associated with thermoplastic urethane polymer, which serves as a major raw material in paint protection film manufacturing is expected to hamper market growth over the forecast period.

Access Research Report of Automotive Film Markethttps://www.grandviewresearch.com/industry-analysis/automotive-film-market

Further key findings from the report suggest:

  • Paint protection films are expected to grow at a CAGR of 5.4% from 2017 to 2021on account of increasing awareness among the consumers coupled with reducing price of the product across the regions
  • Interior application of the products accounted for USD 3.12 billion in 2016 on account of the growing demand for tinting films in developed economies. In addition, utilization of NVH laminates in vehicle doors is expected to aid application growth.
  • Protective Automotive film are expected to grow at a CAGR of 12.0% over the forecast period on account of the rapid growth in the demand for paint protection sheets installed with the intent to protect exterior auto-body paint from dust and scratches
  • Aftermarket accounted for majority of the share as compared to its counterpart as Automotive film including wrap, paint protection and tinting are predominantly installed through aftermarket channel owing to the low cost associated with the products
  • Asia Pacific is expected to witness the fastest growth in terms of revenue as growing demand for vehicles in developing economies including India & China has bolstered the demand for automotive wraps, paint protective products and NVH film laminates
  • The industry is fragmented with major players operating globally. 3M and Avery Dennison accounted for a significant share of the market owing to established business in the automotive industry.

Grand View Research has segmented the global automotive film market on the basis of product, application, function, channel and region:

Product Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

  • Tinting Films
  • Paint Protection Films
  • NVH Film Laminates
  • Wrap Films

Application Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

  • Interior
  • Exterior

Function Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

  • Protection
  • NVH

Channel Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

  • OEM
  • Aftermarket

Regional Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 - 2021)

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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.

Automotive Plastic Fastener Market to Witness a Pronounce Growth During 2018 – 2021

 The global automotive plastic fasteners market is expected to reach USD 3.67 billion by 2021, according to a new report by Grand View Research, Inc. Increasing substitution of metal fasteners in automotive interiors owing to improved aesthetics and lightweight characteristics is expected to propel demand.

The plastic fasteners production is highly influenced by high production volumes of automotive vehicles across major economies of the world. The market is highly fragmented and competitive owing to various small-scale manufacturers concentrated in countries including Thailand, China, and Germany.

The industry rivalry is expected to be high owing to manufacturers of low switching cost of manufacturers from metal to plastic products. However, factors including low tensile strength of the fasteners in high stress applications is expected to impact the product demand.

Illinois Tool Works Incorporated (ITW), ARaymond and Alcoa, Inc. are the major manufacturers dominating the market. Profit margins of companies vary in the range of 15 to 20% owing to reduced manufacturing costs. The uncertainty in automotive production statistics coupled with raw materials price volatility are expected to be major barriers for new entrants in the market.

Further key findings from the report suggest:

  • The product demand in automotive interior application is expected to grow at a CAGR of 11.8% from 2017 to 2021, owing to their light weight, wide variety, and compatibility with the internal ambience of the vehicle. In addition, increasing product demand on account of their ability to resist water and dust ingress in car interiors, is expected to propel growth
  • The average price and weight of a plastic fastener is significantly lower than a metal fastener, which lowers the vehicle cost and improves the overall automobile efficiency. As a result, the product demand in passenger cars is expected to reach the revenue of USD 1.96 billion by 2021
  • The demand for plastic fasteners in Europe was valued at USD 461.5 billion in 2016 and is expected to grow at a CAGR of 7.7% from 2017 to 2021. The presence of a large number of automotive companies, including General Motors Company, Ford, Fiat, Toyota Motor Corporation, and AM General in the region is expected propel growth
  • Japan & South Korea have been a major market for the product accounting about 25% of the overall fasteners demand in Asia Pacific. However, both these regions witnessed a decline over the next two consecutive years in terms of production, which impacted the industry growth
  • The key fastener manufacturers across the globe include Illinois Tool Works Incorporated (ITW), ARaymond, Sundram Fasteners Limited, Precision Castparts Corporation and Alcoa, Inc.

Access Research Report of Automotive Plastic Fastener Market@ https://www.grandviewresearch.com/industry-analysis/automotive-plastic-fasteners-market

Grand View Research has segmented the global automotive plastic fasteners market on the basis of application, function, vehicle type and region:

Automotive Plastic Fastener Application Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

  • Interior
  • Exterior
  • Electronics
  • Wire harnessing
  • Chassis
  • Powertrain
  • Others

Automotive Plastic Fastener Function Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

  • Bonding
  • NVH

Automotive Plastic Fastener Vehicle Type Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

  • Passenger cars
  • Light commercial vehicles

Automotive Plastic Fastener Regional Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

  • North America
    • US.
  • Europe
  • Asia Pacific
    • China
    • India
    • Japan & Korea
  • Rest of the World

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.

Automotive Lubricants Market to Reflect Robust Expansion During the Forecast Period

 The Report Automotive Lubricants Market Analysis By Product (Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants and Greases), Competitive Insights, Strategic Framework, And Segment Forecasts, 2018 - 2025

The global automotive lubricants market is expected to reach USD 87.1 billion by 2025, according to a new report by Grand View Research, Inc. High engine oil demand in passenger cars, diesel trucks, and light-duty trucks is expected to drive global automotive lubricants industry growth over the forecast period. 

Automotive Lubricants

Rise in middle class, urbanization, and growing disposable income in developing countries have led to greater passenger car sales. On a parallel level, economic growth in these regions has promoted trade, leading to the growth of transportation sector. These factors combined have led to increased lubricants consumption.

Engine oil segment is the largest contributor to automotive lubricants market which was around USD 34 billion in 2016.  Engine oil is widely used in passenger cars, diesel trucks, and light-duty trucks. They help to maintain the viscosity, ensure dependability and reduce engine wear. Increasing drain intervals and formulation of high performance oils to impact their consumption, thereby growth.

Access Research Report of Automotive Lubricants Market http://www.grandviewresearch.com/industry-analysis/automotive-lubricants-market

Further key findings from the report suggest:

  • The global automotive lubricants market size was worth USD 57.2 billion in 2014 and is expected to grow at a CAGR of 3.7% from 2017 to 2025
  • Brake fluids accounted for over 12% of the overall volume in 2016, with the segment expected to be the fastest growing from 2017 to 2025
  • Bio-based lubricants are gaining acceptance due to their bio-based origin coupled with stable raw material prices and availability. Favorable government regulations for the usage of bio-based materials are further expected to influence the global industry growth positively
  • Asia Pacific is the largest consumer with the region characterized by high passenger car sales and a rapidly developing aftermarket. The region is expected to grow at a CAGR of 3.5% from 2017 to 2025
  • The U.S. is a highly matured region for the industry with its dynamics influenced by high level of product innovation, concentration of global majors, and a well-established regulatory framework
  • Grease is projected to register the highest price growth whereas coolants will witness slowest price growth during the forecast period. Availability of advanced coolants and standard production process are helping the prices to be maintained through the forecast period 
  • Major industry participants include ExxonMobil, Royal Dutch Shell, Total SA and British Petroleum among others

Grand View Research has segmented the global automotive lubricants market on the basis of product and region:

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

  • Engine Oil
  • Gear Oil
  • Transmission Fluids
  • Brake Fluids
  • Coolants
  • Greases

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

  • North America
  • Europe
  • Asia Pacific
  • Latin 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.

Wednesday 2 December 2020

Photocatalyst Market is Expected to Hit at a CAGR of 11.5% in terms of Revenues by 2025: Grand View Research Inc.

 The global photocatalyst market is expected to reach USD 4.58 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for photocatalysts as a self-cleaning material in construction industry owing to their low maintenance cost is expected to propel growth.

At present, the industry is in its nascent stage, with few manufacturers. Japan is expected to lead the industry, owing to the early adoption of the technology. In addition, high investment in R&D pertaining to the product coupled with several patents by the Japanese researchers are key factors contributing to the high growth.

Photocatalyst

The industry was dominated by the TiO2 photocatalysts, owing to early research on this product. However, initiatives taken by the manufacturers to develop innovative photocatalysts materials using zinc oxide (ZnO), and cadmium sulfide (CdS) is likely to challenge the existing material and open new avenues for the industry growth over the projected period.

The product has the ability to decompose organic compounds, which makes them suitable for air purification and water treatment application. Furthermore, in building and construction, the technology through its self-cleaning mechanism acts as a barrier for dust and stains, which is expected to propel growth over the next eight years.

High initial investment in the commercial manufacturing of photocatalysts coupled with proprietary on the existing technology by the manufacturers and researchers are expected to be the key barriers for the new entrants. However, wide scope in R&D for innovative technology development is expected to compel new players to invest in the business.

Access Research Report of Photocatalyst Market@ https://www.grandviewresearch.com/industry-analysis/photocatalyst-market

Further key findings from the report suggest:

  • Titanium dioxide accounted for over 85% of the global demand as the compound is inexpensive, and has a high chemical stability on account of which it is a preferred material as a photocatalyst in several application industries
  • Self-cleaning application dominated the industry and is expected to be the fastest growing application, accounting for 51.9% of the overall demand in 2016 owing to its superior property including eliminating unwanted plants
  • The demand in Europe was valued at USD 400.8 Million in 2016 and is expected to witness significant growth over the projected period owing to economic recovery and growing building & construction industry in the region
  • Japan is projected to witness a growth of 9.2% over the forecast period with the industry growth primarily driven by self-cleaning owing to increasing technological advancements in the sector

Grand View Research has segmented the photocatalyst market on the basis of material, application, and region:

Material Outlook (Revenue, USD Million, 2014 - 2025)

  • Titanium Dioxide
  • Zinc Oxide
  • Others

Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Self - Cleaning
  • Air Purification
  • Water Purification
  • Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Japan
  • Rest of Asia Pacific
    • China
    • India
  • Rest of World

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.

Glue Laminated Timber Market to Expand with Significant CAGR During the Forecast Period

 The global glue laminated timber or glulam market is anticipated to reach USD 8.0 billion by 2025, according to a new report by Grand View Research, Inc. The global sustainability concerns along with the persistent energy crisis are among the major factors that are expected to propel market growth over the years to come. The transition from concrete- and steel-based construction to wood building materials is set to actuate demand from the market over the next eight years.

Significant attributes such as high insulation, promising thermal performance, as well as high chemical resistance, are projected to influence the market positively. In addition, the advantages such as low cost and ease of construction offered by glulam relative to other building materials have made it affordable for all consumer segments.

The demand for wood-based residential buildings, including single-family homes and multifamily apartments, is increasing due to their aesthetic appeal and design flexibility. Various benefits, such as improved fire resistance and durability, of the product are expected to augment market growth over the forecast period.

Residential and commercial segments are expected to collectively account for around 80% of the global market revenue by 2025. The growing demand from these segments is attributed to the low cost of construction and easy maintenance of glue laminated timber. Innovations in building and design technologies are projected to boost the demand for glulam products over the forecast period.

Asia Pacific is likely to emerge as the leading region owing to the growing popularity of glue laminate as a building material, along with various government regulations. Growing number of manufacturers of the product in North America and growing research & development for technological advancements are expected to propel the market. Easy availability of timber in forests of Central European countries and the presence of advanced timber processing industries are the prime factors responsible for market growth in Europe. Countries like Canada, the U.S., Italy, Japan, Australia, and China are rapidly developing markets for glue laminated timber.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/glue-laminated-timber-market

Further key findings from the report suggest:

  • The market is likely to register a CAGR of 5.9% in terms of value from 2017 to 2025 on account of growing concerns regarding environmental degradation as well as increasing awareness among consumers. The residential segment is expected to exhibit the highest CAGR from 2017 to 2025 owing to the expanding application scope in the sector for glulam due to its aesthetic appeal.
  • Europe was valued at USD 2.13 billion in 2016 and is expected to witness significant consumption in the future, aided by the presence of Italy and Germany as major markets for glulam
  • Key market players include Boise Cascade Co.; Calvert Company, Inc.; Pfeifer Holz GmbH; Setra Group AB; Canfor Corporation; Schilliger Holz AG.; Structurlam; Mayr-Melnhof Holz Holding AG; Binderholz GmbH; B & K Structures; Eugen Decker Holzindustrie KG; and Meiken Lamwood Corp. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Grand View Research has segmented the glue laminated timber market on the basis of application and region:

Application Outlook (Volume, Million Cubic Meters; Revenue, USD Million; 2014 - 2025)

  • Residential
  • Commercial
  • Others

Regional Outlook (Volume, Million Cubic Meters Revenue, USD Million; 2014 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • South & Central America
  • The Middle East and 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.

Automotive Glazing Market to Grow at CAGR of 4.2% through 2025

 The global automotive glazing market size is expected to reach USD 33.02 billion by 2025, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Rising demand for advanced passenger protection in automobile owing to rising road fatalities is expected to propel growth for glazing systems.

Automotive production volume is the primary factor influencing the industry trends. Growing acceptance of lightweight components in cars contributing to improved fuel efficiency is expected to propel industry growth. Innovations in the glazing technology by industry players to offer high impact bearing materials with attractive colors and designs is likely to drive demand.

Automotive Glazing

Nippon Sheet Glass Company Limited (NSG), Asahi, Saint Gobain S.A. and Fuyao Glass Industry Group Co., Ltd. together dominated the industry in 2016 accounting over 70% of the overall demand. The new entrants are likely to face a threat from these giants owing to their large production capacities, well-established consumer base, and the broad geographical reach.

Glass has been dominating the industry and accounted for a share of over 95% of the overall consumption in 2016. However, rising inclination of automotive manufacturers to replace the glass with lightweight polycarbonate materials is expected to hamper its share. As a result, the industry players are likely to invest in plastic glazing technologies to meet the rising product demand.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/the-global-automotive-glazing-market

Further key findings from the report suggest:

  • The product penetration is anticipated to be the highest for passenger cars owing to growing production volumes as compared to its counterparts coupled with high demand for lightweight vehicles with panoramic roofs and better aesthetics
  • The demand in Europe was valued at USD 7.08 billion in 2016, which is attributed to the presence major car manufacturers in the region including Volkswagen, Fiat, and Daimler AG in the region
  • The polycarbonate demand in the industry was USD 1.42 billion in 2016 and is likely to grow at a CAGR of 12.8% from 2017 to 2025, on account of its high impact resistance, thermal strength, and ease in designing as compared to its counterparts
  • India is expected to be the fastest growing automotive glazing market in Asia Pacific growing at a CAGR of 7.7% from 2017 to 2025, owing to high investments in the automotive manufacturing sector by international players
  • Regional expansion and product innovation to meet the standards required in innovative car designs are the key strategies undertaken by the manufacturers to strengthen their foothold in the industry

Grand View Research has segmented the global automotive glazing market on the basis of product, application, end-use and region:

Automotive Glazing Product Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

  • Tempered glass
  • Laminated glass
  • Polycarbonate

Automotive Glazing Application Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

  • Front windshield
  • Rear windshield
  • Sidelites
  • Sunroof

Automotive Glazing End-Use Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

  • Passenger Cars
  • LCV
  • HCV

Automotive Glazing Regional Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
  • Asia Pacific
    • India
    • China
    • Japan
  • Central & South America
    • 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.

Seed Treatment Market To Hold a High Potential for Growth by 2020

 The global seed treatment market size is expected to reach USD 5.61 billion by 2020, according to a new report by Grand View Research, Inc., registering a 9.6% CAGR during the forecast period. A thriving agriculture industry is one of the key drivers of market growth. Increasing use of seed treatment in agriculture, coupled with rising demand for organic processing of food products, is expected to boost market demand over the coming years. Growing population has resulted in soaring food demand, thus raising the adoption rate of seed treatment.

Seed Treatment

Soaring demand for food owing to increasing population globally has prompted the need for more agricultural yield, which is expected to augment the use of seed treatment over the forecast period. In the past few years, consumption of grain was more than its production, resulting in a deficit. This has increased pressure on farmers to produce more yield to cater to rising demand.

The North American market for seed treatment is facilitated by increasing agriculture practices in Canada and Mexico. Developing technologies used in agriculture in these countries are expected to provide avenues for market growth.

Denmark is known for its agriculture and food sector and is known to produce food about three times its population. Furthermore, over 60.0% of the country’s land area is under agriculture and is estimated at 2.7 million hectares. This is expected to boost the seed treatment market.

Asia Pacific is expected to witness steady growth on account of increasing agriculture practices in countries such as India and China. With accelerated economic growth in Asia, there is an expanding middle class that has more income to spend on food.

Population growth and scarcity of agricultural land in these countries is expected to create a significant demand for agricultural products. Increasing adoption of novel technologies in agriculture to increase yield and improve quality is expected to augment market demand in the region over the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/seed-treatment-market

Further key findings from the report suggest:

  • In terms of revenue, the insecticides segment is anticipated to value around USD 3 billion by 2020. The nonchemical segment, on the other hand, is projected to expand at a CAGR of 10.3% over the forecast period
  • By type of crop, corn/maize dominated the global seed treatment market with a share of 34.5% in 2013
  • The North America seed treatment market is anticipated to reach USD 2.32 billion by 2020, accounting for the largest share throughout the forecast period
  • Latin America is projected to witness a remarkable CAGR of 10.3% over the forecast period, owing to rapid developments in the agriculture sector
  • Some of the key companies in the market are Syngenta, Bayer, Monsanto, BASF, CropScience, Chemtura, DuPont, Nufarm, Becker Underwood, Plant Health Care, Wolf Trax Incorporation, Valent U.S.A. Corporation, Sumitomo Chemical Company Limited, Precision Laboratories Incorporation, and Novozymes A/S. 

Grand View Research has segmented the global seed treatment market on the basis of type, crop type, and region:

Seed Treatment Type Outlook (Revenue, USD Million, 2012 - 2020)

  • Insecticides
  • Fungicides
  • Other chemical treatment
  • Nonchemical

Seed Treatment Crop Type Outlook (Revenue, USD Million, 2012 - 2020)

  • Corn/Maize
  • Soybean
  • Wheat
  • Canola
  • Cotton
  • Other

Seed Treatment Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America
    • US.
    • Canada
  • Europe
    • France
    • Russia
    • Germany
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
    • Argentina
  • RoW
    • 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.

Petroleum Resins Market Predicted to Cross $4.1 Billion by 2025

 The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The rising demand for petroleum resins in EVA-based adhesives, contact adhesives for footwear, printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is expected to increase the market size.

Increasing demand for hydrocarbon resins in adhesives owing to properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance is expected to the drive industry expansion over the forecast period.The development of various petrochemical complex and catalytic polymerization to increase the output of resins is likely to augment the market size over the next eight years.

Petroleum Resins Market

Automotive was the prominent segment and accounted 23.9% of the overall revenue share in 2016. The segment is expected to register substantial gains owing to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles in countries such as India, Thailand, and China.

Moreover, the Chinese auto sector policies and measures such as Automotive Readjustment and Revitalization Plan, Energy-Saving and New-Energy Auto Industry Plan, and Foreign Direct Investment opportunities are augmenting vehicle production, which in turn is expected to propel the market growth.

Access Research Report of Petroleum Resins Market @ https://www.grandviewresearch.com/industry-analysis/petroleum-resins-market

Further key findings from the report suggest:

  • Hydrogenated petroleum resins is expected to register high volume gains at a CAGR of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based hot melt adhesives and pressure sensitive adhesives as they offer good heat stability, water resistance and compatibility is expected to drive the industry growth.
  • The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to witness high gains on account of the rising usage in commercial printing, publications, packaging, and corrugated cardboards applications
  • Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to witness steady growth due to the presence of major automotive manufacturers including Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari, Lamborghini, and Porsche
  • The global petroleum resins market showcases immense competition with the presence of various large and small-scale participants in Japan, the U.S., and China. Key players include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Lesco Chemical Limited; Kolon; Neville; Puyang Tiancheng Chemical Co., Ltd.; and The Dow Chemical Company.
  • In December 2016, Saudi-based Rufayah Chemicals Company (RCC) signed a deal with Sadara Chemical Company for setting up one of the largest hydrocarbon resin plants with an investment of approximately USD 500 million in the PlasChem Park to produce hydrocarbon resin, pure DCPD, isoprene, aromatic solvents, and premium wash oils
  • Zeon Chemicals offers Quintac and Quintone manufactured by using proprietary Isoprene and Piperylene technology having excellent tack, cohesive strength, and holding power

Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region:

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

  • C5 resins
  • C9 resins
  • C5/C9 resins
  • Hydrogenated resins

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

  • Paints
  • Adhesives
  • Printing inks
  • Rubber & tires
  • Tapes & labels
  • Others

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

  • Automotive
  • Construction
  • Packaging
  • Consumer goods
  • Personal hygiene
  • Others

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

  • 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.

Automotive Wrap Films Market to Undertake Strapping Growth By 2030

Automotive Wrap Films Market Growth & Trends The global  automotive wrap films market  size is anticipated to reach USD 28.89 billion by...