Polyethylene foams market: Latest Trends,Analysis & Insights 2021

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The polyethylene (PE) foams market is projected to reach USD 3.64 Billion by 2021, at a CAGR of 5.8% from 2016 to 2021. This growth is mainly driven by the increasing demand for PE foams from the automotive, packaging, building & construction, and sports & recreational end-use applications. In addition, high demand for PE foams from the Asia-Pacific region and their eco-friendly nature have contributed to the growth of this market.

In 2015, the protective packaging segment accounted for the largest market share, in terms of volume and value, followed by the automotive end-use application segment. PE foams help reduce the overall mass of products, thereby making them lightweight and minimizing transportation costs. Owing to its insulation property, PE foams are widely demanded as a protective packaging material for food trays, fruit trays, tableware, and cap liners.

Based on type, the XLPE segment of the polyethylene foams market is projected to grow at the highest CAGR between 2016 and 2021. Although XLPE foam material is costly, because of its superior thermal stability and insulating properties, it is demanded in most of the end-use applications such as medical, automobile, protective packaging and others.

The polyethylene foams market in the Asia-Pacific region is expected to grow at the highest CAGR between 2016 and 2021, in terms of value and volume. This growth is mainly attributed to high economic growth, followed by heavy investments across industries, such as automotive, building & construction, and manufacturing in the Asia-Pacific region.

Polyethylene (PE) Foams Market

One of the most significant factors restraining the growth of the polyethylene foams market includes volatility in raw material prices. This further causes fluctuations in the prices of PE foam products.

Key players operating in the polyethylene foams market include Armacell (Germany), JSP (Japan), Zotefoams Plc. (U.K.), The Dow Chemical Company (U.S.), and Sealed Air Corporation (U.S.), among others. Diverse product portfolio, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are factors strengthening the market position of these companies. These companies have adopted various organic and inorganic growth strategies to enhance their current market share in the polyethylene foams market.

Micro LED Market Technological breakthroughs By 2025

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The micro-LED market is estimated to be USD 254.1 Million in 2017 and is likely to reach USD 19,921.3 Million by 2025, at CAGR of 54.7% between 2019 and 2025. Increasing demand for brighter and more power efficient display panels for several applications is the main driver of the market. The market is also driven by factors such as increase in applications, high adoption rate of near-to-eye (NTE) devices, and increasing interests from electronics giants Apple and Sony. Devices based on micro-LED technology are expected to be used in various sectors such as consumer electronics, retail, automotive, education, and others in the near future.

The report covers the market in terms of offering, vertical, application, and geography. The cconsumer electronics vertical is expected lead the micro-LED market in terms of market share in 2019, and same trend is likely to continue till 2025. The high acceptance rate of newer display technology in consumer electronics devices (such as smartphones, tablets, TVs, PC monitors, laptops, and smart wearables), which are always in high demand, is the main reason for the largest market share of consumer electronics. The retail industry is also expected to capture a significant share in the micro-LED display market.

North America is expected to hold the largest share of the market between 2019 and 2025 owing to high adoption rate of newer display and lighting technology, especially in the US, which is a major contributor to the growth of the market in the region. APAC is expected to grow at the highest rate between 2019 and 2025 due to the presence of major panel, LED, and brand product manufactures in this region. Due to this and the large consumer population in the region, companies usually launch their new display and lighting products in APAC.

Micro-LED Market

Rising demand for OLED displays, high growth of the flexible display market and adoption of folded displays for smartphones in the near future, and saturated shipment of TV and PC monitors in 2015 and 2016 are the major restraints for the growth of the micro-LED market. Maintaining the balance in tradeoff between pixel volume and pixel density, necessity to adapt different manufacturing processes as well as make the equipment compatible and associated costs, and improve mass transfer of micro-LEDs with high yield are the key challenges faced by micro-LED technology developers. This report comprises drivers, restraints, opportunities, and challenges pertaining to the micro-LED market; analysis of the current market scenario; and market size forecasts till 2025.

Major companies operating in this market are Apple, Inc. (U.S.), Sony Corp. (Japan), and Oculus VR (U.S.). The other leading players in the micro-LED market include VerLASE Technologies LLC (U.S.), X-Celeprint Ltd. (Ireland), Ostendo Technologies Inc. (U.S.), Cooledge Lighting Inc. (Canada), Aledia (France), GLO AB (Sweden), Rohinni LLC (U.S.), and Epistar Corp. (Taiwan), among many others.

Lighting market LED Lighting Dominates Public Street Lighting Strategy

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The Lighting market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022. The market growth can be attributed to the increase in vehicle production and lighting applications, especially in passenger cars. Alternatively, the electrical vehicle lighting market is projected to grow at a CAGR of 23.90% during the forecast period. This growth can be attributed to the increase in sales of electric vehicles as a result of emission regulations and government subsidies for these vehicles.

The global Lighting market for Automotive is segmented based on the position into front, rear, side, and interior. The front lighting market is expected to showcase the largest market with halogen as the predominant technology in this position. In terms of lighting technology, the market is segmented into Halogen/incandescent, Xenon/HID, and LED.  The LED segment is projected to grow at the fastest rate from 2017 to 2022. This growth can be attributed to the benefits of LED lighting such as bright illumination, lower temperature and energy consumption, and flexibility in designing, which has also popularized the technology in interior lighting. The passenger car segment is projected to lead the automotive lighting market, in terms of volume and value as well as growth rate, followed by light commercial vehicles (LCV), trucks, and buses.

The Lighting market for Automotive is segmented by application into exterior (Head, Side, Tail, Fog, DRL, and CHMSL) and interior (dashboard, glovebox, reading, dome, and rear view mirror).

The study segments the adaptive lighting market, by position, into front adaptive and rear adaptive lighting. The front adaptive lighting is expected to be the largest and fastest growing market by 2022. The front adaptive lighting considers functions such as Auto-On/OFF, High Beam Assist, Cornering Lights, Headlight Leveling, and Bending Lights. Auto-On/OFF is expected to be the largest market whereas Headlight Leveling is expected to be the fastest growing market.

China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Due to this, Asia-Oceania is estimated to be the largest and fastest growing market for automotive lighting. The Chinese buyers, in particular, are becoming sophisticated as they are ready to upgrade to newer and better models. Also, technologies such as ambient lighting and adaptive lighting are gaining pace in these markets. Hence, these factors contribute to a positive growth in the Asia-Pacific automotive lighting market.

Lighting Market for Automotive

Factors restraining the growth of the market are fluctuating raw material prices and high R&D cost. The innovations require technological advancement, which incur heavy cost and hinder the R&D development.

The Lighting market for Automotive is dominated by players like Hella KGaA Hueck & Co. (Germany), Osram (Germany), Magneti Marelli (Italy), Koito Manufacturing Co., Ltd (Japan), and Stanley Electric (Japan).

Liquid Applied Membrane Market for Global Construction Industry 2017-2021

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The liquid applied membrane market is projected to reach USD 20.84 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. The liquid applied membrane market has witnessed high growth in the recent years, and this growth is projected to continue in the near future owing to the increase in residential housing projects, need for cost effective construction, and the rise in the construction of energy efficient buildings.

The varied types of liquid applied membranes considered in this report include, bituminous, elastomeric, and cementitious. Bituminous is the largest type in terms of volume due to its lower price, ease of application, effective water proofing, and excellent structural properties. Elastomeric membrane is the fastest growing type segment due to its eco friendly nature, heat resistant properties, low installation, and low labor costs associated with it.

The varied applications of liquid applied membranes include roofing, underground construction, walls, and others. Roofing is the largest application segment in the liquid applied membrane market, in terms of value and volume, owing to the increasing consumption of liquid applied membranes in green roofing and increasing residential and commercial buildings. Walls is the fastest growing segment due to the increasing use of liquid applied membranes for exterior walls.

On the basis of end-use industry, the liquid applied membrane market has been segmented into, residential construction, commercial construction, and public infrastructure construction end-use industries. The residential construction end-use industry is the largest owing to the increasing residential building projects being constructed to meet the housing needs of populations. Public infrastructure is the fastest growing end-use industry due to the increasing use of liquid applied membranes for bridges, tanks, buildings, tunnels, and other underground constructions.

Based on region, the liquid applied membrane market has been segmented into the Asia-Pacific region, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific region is leading the liquid applied membrane market in terms of volume followed by North America and Europe. The booming residential construction end-use industry and rise in public infrastructural developments are factors contributing to the growth of the liquid applied membrane market in the Asia-Pacific region.

Liquid Applied Membranes Market

The key restraining factors in the global liquid applied membrane market are, the slow growth in the construction industry, and the high risk associated with the spray drying production process of liquid applied membranes. Moreover, companies such as, Sika AG (Switzerland), Carlisle Companies Inc. (U.S.), BASF SE (Germany), Soprema Group (France), Kemper System America Inc. (U.S.), Saint Gobain (France), The Dow Chemical Company (U.S.), Johns Manville Corporation (U.S.), GCP Applied Technologies, Inc. (U.S.), and Henry Company LLC (U.S.) are investing in R&D activities to launch new products and strengthen their positions in this market.

Metal Finishing Chemicals Market : Global Market Snapshot by 2021

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The global metal finishing chemicals market is projected to reach USD 11.21 Billion by 2021 at a CAGR of 4.7%. The metal finishing chemicals market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years as well. Metal finishing chemicals are used in a wide range of end-use industries such as automotive, industrial machinery, aerospace & defense, electrical & electronics, construction, and others as these impart properties such as corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance to base metal substrates.

Different types of metal finishing chemicals are also covered in the report, the main types being plating chemicals, cleaning chemicals, conversion coating, proprietary chemicals, and others. The plating chemicals type segment is estimated to have accounted for the largest market share in 2016 due to their suitability in several application areas, while cleaning chemicals is the fastest-growing type segment in the metal finishing chemicals market due to their increasing acceptance in various end-use industries such as automotive, industrial machinery, electrical & electronics, and construction. Cleaning chemicals help in effective metal finishing by fulfilling the requirement for cleaning and degreasing metal substrates before being plated. The demand for cleaning chemicals is growing as these chemicals remove oils and coolants, lapping compounds, carbon smut, metal oxides, and most other oils deposited on metal surfaces during various metal finishing processes.

Metal finishing chemicals are used in various end-use industries such as automotive, industrial machinery, electrical & electronics, aerospace & defense, construction, and others, which are the main end-use industries considered in the report. In 2015, the automotive end-use industry accounted for the largest market share, in terms of value, followed by electrical & electronics, industrial machinery, construction, and others. The construction industry is projected to grow at the highest CAGR from 2016 to 2021 among all the end-use industries considered. Metal finishing is done on metal substrates to obtain excellent corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance, and thus are in high demand for construction applications such as frames for doors and windows, aluminum, steel, and zinc metal finishing.

North America, Europe, Asia-Pacific, Middle East & Africa, and South America are the main regions considered for the metal finishing chemicals market in the report. North America is the largest metal finishing chemicals market. The rising demand for metal finishing chemicals in this region is mainly driven by their increased use in electrical & electronics and automotive industries. Europe is the second-largest consumer and manufacturer of metal finishing chemicals, globally. The Asia-Pacific region is the fastest growing region in the metal finishing chemicals market, which is mainly driven by the growing demand from the automotive industry and also from the growing industrial machinery end-use sector. Automotive and electrical & electronics are the top two end-use industries contributing to the growing demand for metal finishing chemicals globally. The Middle East & Africa is the second fastest-growing region after the Asia-Pacific region due to the growing electrical & electronics industry.

Metal Finishing Chemicals Market

Though the metal finishing chemicals market is growing at a significant rate, a few factors such as the high price of raw materials, shift of the end-use market from developed countries to emerging countries, and the rising cost of production hinder the growth of the market, globally.

Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), and Platform Specialty Products Corporation (U.S.) are the leading companies in this market. These companies are projected to account for a significant share of the market in the near future. Entering into related industries and targeting new markets will enable the metal finishing chemicals manufacturers to overcome the effects of volatile economies, leading to diversified business portfolios and increase in revenues. Other major metal finishing chemicals manufacturers are, Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan).

Integrated Passive Devices Market: Brand Analysis and Forecast upto 2022

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The integrated passive device (IPD) market is expected to be valued at USD 1370.1 Million by 2022, growing at a CAGR of 8.99% between 2016 and 2022. The major factors driving the growth of this market include the increasing adoption of IPDs in consumer durable devices and the integration of IPDs in RF applications.

This report segments the integrated passive device market on the basis of base, product, type, application, and geography. The market for baluns is expected to witness a significant growth during the forecast period. This market growth can be attributed to the requirement of more number of balun units in a single circuit compared to the rest of the segments.

The market for integrated passive devices with silicon base is expected to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of silicon base over other bases such as higher resistivity and lower RF coupling to devices.

RF-IPD is expected to hold the largest share of the integrated passive device market by 2022, owing to the considerably wide commercialization of this market for RF-IPD. The increasing demand for RF-IPD in next-generation RF such as ZigBee, LTE, and UWB is driving the growth of the integrated passive device market for RF-IPD.

The integrated passive device market for data converters is expected to grow at a high rate between 2016 and 2022. The market growth can be attributed to the increasing demand for miniaturized RF modules in consumer gadgets such as smartphones and printers. The rising trend of shrinking physical dimensions of consumer electronics is also contributing to the growth of the market.

EMEA is likely to hold the largest share of the integrated passive device market by 2022. The presence of fabrication as well as IPD manufacturers is driving the growth of the IPD market in Europe.  Europe, in EMEA, has a decent demand for IPD products as it is an early adopter of new technologies. The presence of established smartphone, wearable device, and consumer electronics manufacturers in this region is one of the key factors driving the growth of the IPD market in EMEA.

Integrated Passive Device Market

There is a presence of a large number of integrated passive device industry players in EMEA, specifically in Europe. The main driving factor for the growth of the integrated passive device market in Europe is the presence of a large number of consumer durable and wearable device manufacturers in this region. APAC is the fastest growing market for integrated passive devices. The growth of the market in APAC can be attributed to the presence of emerging countries such as South Korea, China, and India, which offer lucrative opportunities for the IPD market due to the growing base for telecommunication infrastructure, communication devices, and consumer electronics in these countries.

The higher costs of integrated passive devices compared to that of discrete components is restraining the growth of the market. Also, the RF tuning of integrated passive devices demands longer product design cycle, which acts as a major hindrance for the growth of the market.

The key players in this market include On Semiconductor (U.S.), Stats ChipPAC (Singapore), STMicroelectronics (Switzerland), Murata-IPDiA (Japan), Johanson Technology (U.S.), Onchip Devices (U.S.), AFSC (Taiwan), and Infineon (Germany).

These players have adopted various strategies such as partnerships, acquisitions, new product launches, agreements, contracts, alliances, and collaborations to grow in the market.

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Medical Radiation Detection, Monitoring & Safety Market 2017 : Industry Perspective And Comprehensive Analysis 2021

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The global medical radiation detection, monitoring, and safety market is expected to reach USD 1,215.4 Million by 2021 from USD 887.0 Million in 2016, at a CAGR of 6.5% from 2016 to 2021.  This market is segmented based on detectors, detection and monitoring products, safety products, end users, and regions.

Growth in the medical radiation detection and monitoring market is mainly driven by factors such as increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, growing worldwide prevalence of cancer, increasing safety awareness among people working in radiation-prone environments, and the growing number of people covered by insurance. On the other hand, product approval delays due to stringent regulatory guidelines are expected to challenge market growth to a certain extent.

On the basis of detector, the medical radiation detection and monitoring market is segmented into gas-filled detectors, scintillators, and solid-state detectors. In 2016, the gas-filled detectors segment dominated the global medical radiation detection and monitoring market. The growth of this segment is mainly due to the favorable performance-to-cost ratio of gas-filled detectors coupled with their wide application in the medical imaging field.

On the basis of product, the medical radiation detection and monitoring market is classified into personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, radioactive material monitors, and other products. In 2016, the personal dosimeters segment accounted for the largest share of the medical radiation detection and monitoring market. The growth of this segment can be attributed to the high demand for personal dosimeters in the medical field.

On the basis of product, the medical radiation safety market is segmented into full-body protection products, face protection products, hand safety products, and other safety products. In 2016, the full-body protection products segment accounted for the largest share of the medical radiation safety market. The increase in the number of radiological procedures and awareness among physicians, radiologists, and patients are driving the growth of the full-body protection products market.

On the basis of end user, the medical radiation detection, monitoring, and safety market is segmented into hospitals and non-hospitals. In 2016, the hospitals segment accounted for the largest share and is projected to grow at the highest rate during the forecast period. The increasing number of hospitals across the globe is a major factor fueling the market growth in this end-user segment.

Medical Radiation Detection, Monitoring & Safety Market

The global medical radiation detection, monitoring, and safety market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2016, North America accounted for the largest share of the global market. However, Asia is expected to witness the highest CAGR during the forecast period. This growth can be attributed to the growing number of hospitals, rising incidence of cancer, increasing installations of radiological imaging systems, and rising adoption of radiation therapy for the treatment of diseases.

The key players in the global medical radiation detection, monitoring, and safety market are Landauer, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), IBA Worldwide (Belgium), Thermo Fisher Scientific (U.S.), Sun Nuclear Corporation (U.S.), Ludlum Measurements, Inc. (U.S.), Radiation Detection Company, Inc. (U.S.), Biodex Medical Systems, Inc. (U.S.), Arrow-Tech, Inc. (U.S.), Fluke Biomedical (U.S.), AmRay Medical (Ireland), Infab Corporation (U.S.), and PTW Freiburg GmbH (Germany).

Liquid Applied Membrane Market worth 20.84 Billion USD by 2021 at CAGR of 6.3% from 2016 to 2021.

Liquid Applied Membrane Market worth 20.84 Billion USD by 2021

The report Liquid Applied Membrane Market by Type (Bituminous, Elastomeric, Cementitious), application (Roofing, Underground Construction, Walls), End-Use Industry (Residential, Commercial, Public Infrastructure) – Global Forecast to 2021″, The liquid applied membrane market is projected to reach USD 20.84 Billion by 2021, registering a CAGR of 6.3% from 2016 to 2021.

Browse 98 market data tables and 52 figures spread through 151 pages and in-depth TOC on “Liquid Applied Membrane Market by Type (Bituminous, Elastomeric, Cementitious), application (Roofing, Underground Construction, Walls), End-Use Industry (Residential, Commercial, Public Infrastructure) – Global Forecast to 2021”
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The increasing requirement of liquid applied membranes in the growing residential constructions and the need for cost-effective construction has led to the growth of the liquid applied membrane market.

Bituminous is the largest type segment in the liquid applied membrane market

The bituminous membrane segment led the liquid applied membrane market in 2015 due to its vast availability, better properties, effective water proofing, convenience associated with its application, exceptional structural properties, and lower price. It is widely used in the Asia-Pacific region due to its lower price as compared to other liquid applied membranes.

Roofing is the largest application segment of the liquid applied membrane market

Roofing is the largest application for liquid applied membrane due to the need for water proofing for roofs, it offers resistance against adverse weather conditions, increasing the investment in green roofing, and its ease of application.

Residential construction end-use industry is estimated to have the largest market share

Public infrastructure construction is the fastest growing end-use industry for liquid applied membranes due to the growth in public infrastructure requirements due to the high urbanization and industrialization. Increasing public infrastructure investments in bridges, tunnels, water lines, sewer lines, pipelines, power plants, dams, drainage projects, reservoirs, canals, water treatment plants, and sewage treatment plants is thus making it the fastest growing market.

Asia-Pacific is projected to lead the liquid applied membrane market during the forecast period

The Asia-Pacific region is the largest market for liquid applied membranes owing to the increasing investments and infrastructural projects in emerging countries such as India and China. This has led to the growth of the liquid applied membranes market in residential construction, due to the increasing construction of housing schemes to cater to the growing populations in these countries.

Key players in the liquid applied membrane market

Sika AG (Switzerland), Carlisle Companies Inc. (U.S.), BASF SE (Germany), Soprema Group (France), Kemper System America Inc. (U.S.), Saint Gobain (France), The Dow Chemical Company (U.S.), Johns Manville Corporation (U.S.), GCP Applied Technologies, Inc. (U.S.), and Henry Company LLC (U.S.) are the important players in the liquid applied membrane market.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Integrated Passive Device Market is expected to be valued at USD 1370.1 Million by 2022, growing at a CAGR of 8.99% till 2022

Integrated Passive Device Market worth 1370.1 Million USD by 2022

According to the new market research report on the Integrated Passive Device Market by Base (Silicon and Non-Silicon), Product (Baluns, Couplers, Diplexers, Harmonic Filters) Type (ESD, EMI, RF-IPD), Application (Data Converters, EMI/RFI Filtering and LED Lighting), Geography – Global Forecast to 2022″, this market is expected to be valued at USD 1370.1 Million by 2022, growing at a CAGR of 8.99% between 2016 and 2022. The major factors driving the growth of the integrated passive device (IPD) market include the increasing adoption of IPDs in consumer durable products and integration of IPDs in RF applications.

 Baluns to hold the largest size of the integrated passive device market by 2022

 Baluns accounted for the largest share of the integrated passive device (IPD) market in 2015, and the same trend is expected to continue in the coming years. The growth of this market can be attributed to the wide usage of baluns in almost all applications, wherein IPDs are used. Also, the demand for customized baluns with inbuilt filters is increasing; this is contributing to the growth of the market for baluns.

RF-IPD to hold the major share of the integrated passive device market by 2022

 The growth of the integrated passive device market for RF-IPD can be attributed to the surge in demand for miniaturized/compact consumer electronics (such as smartphones, tablets, and wearable devices) worldwide. In these electronics gadgets, RF front-end module or MODEM is the main part of the internal system. To achieve miniaturization, manufacturers prefer integrated passive devices-equipped modules over its predecessor technologies.

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EMEA to hold the largest share of the integrated passive device market by 2022

 The presence of fabrication as well as IPD manufacturers is driving the growth of the IPD market in Europe.  Europe, in EMEA, has a decent demand for IPD products as it is an early adopter of new technologies. The presence of established smartphone, wearable device, and consumer electronics manufacturers in this region is one of the key factors driving the growth of the IPD market in EMEA.

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture wherein a large number of players have become a force to reckon with. The key players in this market include On Semiconductor (U.S.), Stats ChipPAC (Singapore), STMicroelectronics (Switzerland), Murata-IPDiA (Japan), Johanson Technology (U.S.), Onchip Devices (U.S.), AFSC (Taiwan), and Infineon (Germany).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Metal Finishing Chemicals Market at a CAGR of 4.7%. grow from an estimated USD 8.91 Billion in 2016 to USD 11.21 Billion by 2021

Metal Finishing Chemicals Market worth 11.21 Billion USD by 2021

The report Metal Finishing Chemicals Market by Type (Cleaning, Conversion Coating, Proprietary), Process (Electroplating, Polishing, Anodizing), Material (ZN, NI, CR, CU, AU), End Use (Automotive, Electrical & Electronics), Region – Global Forecast to 2021″, The metal finishing chemicals market is projected to grow from an estimated USD 8.91 Billion in 2016 to USD 11.21 Billion by 2021, at a CAGR of 4.7%.

Browse 73 market data tables and 47 figures spread through 161 pages and in-depth TOC on “Metal Finishing Chemicals Market by Type (Cleaning, Conversion Coating, Proprietary), Process (Electroplating, Polishing, Anodizing), Material (ZN, NI, CR, CU, AU), End Use (Automotive, Electrical & Electronics), Region – Global Forecast to 2021”

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The market is driven by the growing demand for metal finishing chemicals from the automotive industry, as these impart corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance properties for the metal substrate.

Zinc (Zn): The largest material type segment in the metal finishing chemicals market

Various materials are being used in metal finishing, including zinc, nickel, chrome, copper, gold, silver, and platinum, among others. Among these, zinc is estimated to have accounted for the largest market share due to its easy availability and cost-efficiency. It is also suitable for various applications such as anchors, cleats bolts, coaxial cables, batteries, and plating on plumbing fixtures in the automotive, aerospace & defense, construction, and electrical & electronic industries. Zinc material coating provides benefits such as sacrificial corrosion protection, paint adhesion, decorative coating, and anti-galling to the base metal.

Automotive: The largest end-use industry in the metal finishing chemicals market

Metal finishing chemicals are used in various end-use industries such as electrical & electronics, automotive, industrial machinery, construction, aerospace & defense, and others. The automotive end-use industry is estimated to have accounted for the largest market share due to the increasing usage of these chemicals in metal finishing for shock absorbers, heat sinks, gears, cylinders, and capacitors. The construction industry is projected to grow at the highest CAGR from 2016 to 2021, in terms of value, among all the industries considered.

Asia-Pacific: The fastest growing market for metal finishing chemicals

The Asia-Pacific region is the fastest growing market for metal finishing chemicals. Factors driving the metal finishing chemicals market in the Asia-Pacific region are:

  • Growing demand from the end-use industries, such as automotive, electrical & electronics, construction, and industrial machinery in major countries such as China and India
  • Increasing investments in the metal finishing and plating market in the region

Key players in the metal finishing chemicals market are, Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Platform Specialty Products Corporation (U.S.), Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan

Markets and Markets

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Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

1-888-600-6441

Email: sales@marketsandmarkets.com