Smart Coatings Market to See Incredible Growth During 2017 to 2025

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Ability to Offer Strong Protection to Surfaces Makes Smart Coatings Immensely Popular

Smart coatings are enjoying a solid demand because of their ability to accord protection to the surface on which they are applied from any sort of damage resulting from microbial attack, corrosion, dust, oil, moisture, etc. “In aerospace, smart coating can indicate damage on an aero engine or oil and gas platform or even in a composite being used to save weight on an aircraft. It can also find application as a barrier coating for a packaging film and also be transparent and moisture ingress. Because of such unique characteristics, such coatings are seeing widespread application in military, aerospace, healthcare, and automobile segments. Even consumers are willing to pay premium prices for such smart coated products,” explains the lead analyst of the TMR report.

A report by Transparency Market Research predicts the global smart coatings market to expand at a phenomenal 29.8% CAGR during the period between 2017 and 2025. Rising at this rate, the market which was worth US$1.1 bn in 2016, is projected to reach US$9.82 bn by 2025.

Emergence of Lightweight Smart Coating Opens New Growth Avenues for Market

Smart coating material, on the flipside, increase the weight of the final products. This, until a while back was posing a roadblock to their uptake in segments such as consumer electronics, apparels, etc. Besides, their environmental impact was also dealing a blow to the demand. However, savvy players have already come up with lightweight, eco-friendly products, which is helping to tackle such problems.

Depending upon the types of products, the global smart coatings market can be divided into self-cleaning, self-healing, anti-microbial, anti-corrosion, self-dimming, etc. Of them, the segment of anti-corrosion coatings dominates the market owing to their considerable demand from North America, Europe, and Asia Pacific. They find applications in end-use industries such as automotive, electronics, and military, among others.

Geographically, the key segments of the global smart coatings market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Currently, Asia Pacific outshines all other regions vis-à-vis growth rate because of the increased pace of manufacturing and infrastructure development in India and China. The TMR report predicts the region to clock a phenomenal CAGR of 38.6% from 2017 to 2025.

In order to steal a march over their competitors, success-hungry players in the global smart coatings market are resorting to product development to cater to the different requirements of their customers. This has led to the emergence of eco-friendly, anti-corrosion coating platform, which is also cost effective and lightweight. Many other products with unique features are being developed in the market.

Some of the prominent names operating in the global smart coatings market are 3M, PPG Protective & Marine Coatings, BASF SE, Inducoat, Dow Corning, Royal DSM, and NEI Corporation.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Ethanol Market Projected to Garner Significant Revenues by 2022 -end

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The global ethanol market is projected to receive growth opportunities on the back of a decent demand in various types of industries such as alcoholic beverages and automobiles. Some of the crucial factors driving the growth of the market in the alcoholic beverages sector could be changing preferences and tastes of consumers, changing lifestyles, and elevating demand for premium quality alcohol. Apart from growing as a substitute to gasoline fuel, ethanol is foretold to exhibit its significance as a solvent for several substances. Applications such as explosives, lacquers, paints, and perfumes could increasingly up the demand for ethanol in the coming years.

The global ethanol market, as per the statistical study of Transparency Market Research (TMR), is envisioned to garner a US$105.0 bn by the completion of 2022 at a CAGR of 7.9%. In 2017, the market secured a valuation of US$71.8 bn.

Global Ethanol Market: Major Insights

The international ethanol market is foreseen to gather enormous chunks of demand in the near future due to the application of the chemical compound in the automobiles sector. Ethanol could be extensively used as a fuel additive and also fuel for automobiles while presenting itself as a vital component in the industry. Ethanol could create sundry business prospects in the coming years, especially in this sector, owing to factors such as its cheaper cost than conventional fuels, numerous advantages, ecofriendly nature, rising disposable income, increasing demand for automobiles, and expanding population base.

The international ethanol market is envisaged to be segregated as per feedstock, where key segments could be coarse grain-based, sugarcane-based, and wheat-based ethanol. According to the analysis presented in the publication, the market for coarse grain-based ethanol is anticipated to secure a larger share by 2022 end. In terms of revenue, it could collect a US$56.0 bn by the same year. On an annual basis, it is predicted to grow at a US$3.5 bn between 2017 and 2022. By end use, the market could be classified into four segments, viz. fuel, industrial solvents, beverages, and cosmetics.

In view of regional segmentation, the international ethanol market is prophesied to testify the superiority of North America with respect to revenue share. It could be one of the most attractive regions in the market with a US$48.3 bn prognosticated to be earned by the concluding forecast year. Europe could produce an absolute revenue prospect of US$3.4 bn during the course of the forecast timeframe. However, Japan is expected to exhibit a lethargic growth until the end of 2022. It attained an only 1.3% revenue share in 2017. Asia Pacific except Japan (APEJ) foretold to lose 1 basis point (BPS) and the Middle East and Africa (MEA) to lose 74 BPS over 2017 by 2022 could expect better earnings ahead compared to Japan.

Global Ethanol Market: Vendor Landscape

Companies such as Archer-Daniels-Midland Company, Cargill, Incorporated, Solvay Group, Mitsubishi Chemical Corporation, Pacific Ethanol, Inc., Green Plains, Inc., The Andersons, Inc., Valero Energy Corporation, POET, LLC, and Flint Hill Resources LP are expected to showcase their prominence in the worldwide ethanol market.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Biostimulants Market to Register Substantial Expansion by 2022

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Changes in Climate Impacting Crop Yield Push up Demand

A biostimulant is an organic substance formulated from enzymes, microorganisms, plant hormones, and trace elements. They help to boost nutrient availability, metabolism, water holding capacity of the plants, and increase production of chlorophyll and antioxidants. In this manner, biostimulants bring about plant growth and help to improve crop yield and quality. They can be used for ornamental crops, row crops, fruits, vegetables, and turf.

As per a report by Transparency Market Research, the global biostimulants market will likely expand at a solid 12.8% CAGR during the period between 2017 and 2025 to become worth US$5.93 bn by 2025 from US$20.05 bn in 2016.

At the forefront of driving the global biostimulants market is the climatic changes worldwide, which has affected yields of different food and cash crops. To overcome the problem, farmers are increasingly resorting to biostimulants. Another factor stoking growth in the market is their easy availability.

Increasing Population and Decreasing Farmlands Prove Beneficial to Market

Apart from the above growth drivers, other major reasons why the market is seeing an impressive growth are the burgeoning world population and industrial growth. A rising population has generated a pressing need to up food production. However, decreasing farmlands owing to swift pace of industrialization, leading, in turn, to urbanization, has necessitated the use of chemical fertilizers, which are harmful for the soil and environment and thus pose a health hazard to humans as well. This has brought about a shift to biostimulants that have zero ecological footrprint. Asia Pacific, which is home to about 60.0% of the world population, is one of the main contributors to demand.

Farmers are supplanting synthetic stimulants with biostimulants as they help boost crop yield and also improve the fertility of the land. Synthetic stimulants are known to deteriorate land fertility at the cost of upping crop yield. As a result, biostimulants which are of organic origin and ecofriendly, are seeing swift uptake,” explains the lead analyst of the TMR report.

Depending upon application, the key segments of global biostimulants market are fruits and vegetables, cereals and grains, oilseeds and pulses, and others such as nursery, turf etc. Among them, the segment of fruits and vegetables contribute the most to the revenue in the market. In 2016, the share of the segment came to about 35%.

Geographically, the key segments of the global biostimulants market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe, at present, dominates the market with maximum share. In 2016, its leading share came to about 40.0%. In the years ahead too, Europe is expected to maintain its leading share on the back of emergence of innovative biostimulants for sale in the market.

In order to bolster their positions in the global biostimulants market, key players are opting for carefully-considered alliances with global players in the market. The market is also seeing increasing entry of new players. Agrinos, Biolchim S.p.A., Valagro, Syngenta, Novozyme, Kelpgrow, Agriculture Solutions Inc., Premier Tech Ltd., Agricen, Koppert Biological Systems, and Italpollina spa are to name a few prominent participants in the global biostimulants market.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Automotive Foams Market Poised to Expand at a Robust Pace Over 2022

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Technological Breakthroughs to Boost Market’s Growth

The significant rise in manufacturing of automobiles across the world, fueled by the increasing trend of owning a vehicle, thanks to the upswing in the disposable income of consumers and surging urbanization, especially in emerging economies, is driving the global market for automotive foams substantially,” says a TMR analyst. The low density and lesser weight of these foams are also supporting their uptake among end users considerably, propelling the market.

According to the research report, the worldwide automotive foams market is expected to present an opportunity of US$22.53 bn by 2017. The growth of this market is predicted to remain high in the near future with a CAGR of 9.40% during the period from 2017 to 2022. Research expect this market to reach a value of US$35.38 bn by the end of the period of the forecast. The demand for polyurethane-based automotive foams is comparatively higher than other material-based foams and this trend is anticipated to continue over the next few years, states the report.

Going forward, the ongoing research and developments in this field, leading to technological breakthroughs, such as cost efficient processing and manufacturing of automotive foams, is anticipated to bolster the adoption of automotive foams across the world in the near future. However, the adverse effects of these foams on the environment and the risk related to exposure, increasing cost of raw materials, and the presence of stringent government norms to regulate the detrimental effects of CFC involved in the production of polymer foams may limit the growth of this market in the years to come, report the research study.

Emergence of China as Key Automotive Foam Consumer to Strengthen APEJ Automotive Foams Market

Europe, the Middle East and Africa (MEA), North America, Asia Pacific excluding Japan (APEJ), Latin America, and Japan have been considered as the key regional markets for automotive foams in this research report. Currently, the global market is led by APEJ on the grounds of the continual growth of the automotive industry in this region.

Analysts expect this regional market to retain its dominance over the period of the forecast, thanks to emergence of China as the leading consumer of automotive foams in the world. The substantial increase in the demand for heavy commercial vehicle and passenger cars are also projected to influence the growth of the market for automotive foams in this region in the years to come, states the market report.

Hitherto, the introduction of new products has been the key strategy among the leading players, functioning in this market, for the development of their businesses. However, their focus is increasing towards expanding their reach in various regions, owing to which, they are likely to involve increasingly into mergers, acquisitions, and alliances with regional players in the years to come, notes the research study.

The business landscape of the global automotive foams market is marked by the rivalry between the leading vendors of automotive foams across the world, especially, Woodbridge Foam, Dow Chemical, Adient, Recticel, Caligen Foam, Saint-Gobain, BASF, Lear, Zotefoams, and Bridgestone, states a new market report by Transparency Market Research (TMR).

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Energy Storage Systems Market foreseen to grow exponentially over 2025

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Need to Tackle Vehicular Pollution Proves Beneficial to Market

Majorly fuelling the global energy storage systems market worldwide is the pressing need to address vehicular pollution which is serving to rapidly deteriorate the air quality in cities particularly. This has resulted in policy changes forcing commuters to opt for less polluting vehicles such as electric cars, two-wheelers, buses, and trucks. This in turn has provided a boost to the sales of energy storage systems. The growing railway network is also providing a fillip to the market.

As per a report by Transparency Market Research, the global energy storage systems market will likely rise at a steady CAGR of 5.6% from 2017 to 2025 to become worth US$52.59 bn in 2025 from US$32.60 bn in 2016.

Commercial and Industrial Segments Drive Sales due to Pressing Need for Storing Energy

Besides the automotive segment, commercial and industrial establishments – together known as non-residential segment – are other key drivers of the global energy storage systems market as their need to store energy is high. The residential sector too is expected to grow at a healthy clip in the upcoming years because of the increasing adoption of solar panels to reduce electricity cost and tide over power cuts.

In addition, focus of players to come with high-tech and highly customized batteries for battery energy storage is also positively influencing the market. For example, the emergence of Li-ion, sodium-sulfur, and advanced LAB products from the stables of well-entrenched companies have served to up sales.

Depending upon application, the global energy storage systems market can be split into transportation and grid storage. Of the two, the segment of transportation is expected to register higher growth owing to soaring sales of battery operated electric vehicles, which help to keep vehicular pollution in check, and expanding railway networks.

Geographically, the key segments in the global energy storage systems market are Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Of them, Asia Pacific has maximum market share and is also expected to outshine all other regions vis-à-vis growth rate. China, which is a key manufacturing hub of batteries for electric vehicles and is also a major demand driver for such vehicles is mainly powering the growth in the region. By 2025, the market in Asia Pacific is expected to pull in a revenue to the tune of 16.5 bn.

The global energy storage systems market is fragmented in nature on account of the presence of a copious number of regional and international players. In order to tap into the market, which has ample room for growth, new players are rushing in. As a result, competition in the market is predicted to heat up in the near future.

In order to surge ahead in the global energy storage systems market savvy players are banking on product development and carefully-considered mergers and acquisitions. They are also focusing on improving their distribution network and managing working capital effectively in order to thrive in the market.

Some of prominent players operating in the global energy storage systems market are ABB Ltd., BYD Company Limited, EOS Energy Storage, Evapco, Inc., Maxwell Technologies, Inc., General Electric Company, Hitachi, Ltd., LG Chem, Ltd., NEC Corporation, Panasonic Corporation, Schneider Electric SE, Siemens AG, and Tesla.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Unsaturated Polyester Resins Market to Witness an Outstanding Growth by 2022

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The worldwide unsaturated polyester resins market is progressing at a fast pace, driven primarily by their use in a number of end-use industries, such as building construction, military, marine, transportation, automotive, and electrical and electronics. The demand for unsaturated polymers is fueled by a variety of cost-effective applications in the area of sport and leisure, domestic and sanitary appliances, furniture and military applications. Their extensive use in producing high-performing composite materials, especially glass fiber–reinforced plastics (FRP), as well as a growing number of specialty applications are key trends boosting the market. The global unsaturated polyester resins market was valued at US$5,744.3 mn and is prognosticated to rise at a CAGR of 5.0% from 2017 to 2022. Expanding at this pace, the market is likely to reach a valuation of US$7,339.9 by the end of the forecast period.

Key trends and factors influencing the growth of the market:

The rising demand for cost-effective matrix material for the production of composite materials to be used in a wide spectrum of end-use industries, primarily construction and automotive, is a key factor that has boosted the evolution of the unsaturated polyester resins market. World over, the growing use of thermosetting polymers in numerous general and specialty applications is a key factor driving the market. The substantial use of FRP composites in construction and marine industries is boosting the market. In addition, burgeoning automotive and wind energy sectors in various parts of the world is a key trend bolstering the demand for these unsaturated polyester resins.

The substantial application of non-reinforced unsaturated polyester resins in various end-use manufacturing industries is a key factor fortifying the demand for unsaturated polyester resins. Recent advances made in the processing technologies and modification methods have led to the production of polyester resins with enhanced properties, thereby expanding their applications.

The environmental concerns associated with the emission of styrene arising from the processing of unsaturated polyester resins is a key factor likely to hamper its demand to an extent. Furthermore, the increasing acceptance of saturated polymers may hinder the growth of the market to an extent. Nevertheless, the development of suitable additives has led to the production of low styrene emission polyester resin.

Asia Pacific excluding Japan (APEJ) accounts for the major share in 2017 and is predicted to lead the global market vis-à-vis revenue. The APEJ unsaturated polyester resins is projected to expand at a CAGR of 5.3% from 2017 to 2022. The region is an attractive market for unsaturated polyester resins, growing on the back of a large number of applications in several emerging economies. The regional market is projected to reach a valuation of US$3,085.8 mn by the end of 2022. The substantial advances being made in automotive manufacturing and construction building in various nations in the region is likely to stoke the demand for unsaturated polyester resins.

Meanwhile, North America and Europe are prominent markets for unsaturated polyester resins. The advent of ecological unsaturated polyester resins bodes well for these regional markets, as they help end users to meet stringent regulatory norms in various developed nations of these regions.

North America unsaturated polyester resins market is projected to rise at a CAGR of 4.8% from 2017 to 2022.

Competitive Dynamics

The ongoing developments in the unsaturated polyester resins market are focused toward consolidation in major regions, evident in several mergers witnessed in recent years. Some of the prominent players operating in the non-reinforced unsaturated polyester resins market are Polynt-Reichhold Group, Ashland Inc., Royal DSM, AOC, BASF SE, U-Pica Company Ltd., UPC Technology Corp., Nuplex Industries Ltd., and Scott Bader Company Ltd.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Chlorine Market to Register Substantial Expansion by 2022

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The global chlorine market is forecasted to garner a strong growth in the near future with the rising demand for chlorine derivatives in a wide scope of applications such as paints and coatings, adhesives, food processing, plastic, cosmetic, pharmaceuticals, and water. The market demand could embrace an escalating boost due to the application of chlorine as a raw material in the manufacture of various chemicals. The mercury cell technology is foreseen to be completely dissolved by 2020 due to the gradual shift toward membrane technology because of strict regulations pertaining to mercury emission.

As per the estimations of Transparency Market Research (TMR), the global chlorine market could reach a valuation of US$42.7 bn by 2022 end, progressing from a valuation of US$31.1 bn achieved in 2017. The market is projected to rise at a CAGR of 6.5% during the forecast period 2017–2022.

Global Chlorine Market: Major Insights

The global chlorine market is foretold to experience a spur in demand owing to the application of chlorine as a solvent in the pharma sector. As one of the fastest growing consumers of chlorine, polyvinyl chlorine (PVC) could ensure a greater growth in the market while riding on an increasing demand in sectors such as packaging, construction, and automobile. The growth of water treatment plants across the world as a necessity could augur well for the market since most of them use chlorine on a regular basis.

The international chlorine market is envisioned to be segregated according to end use, where key segments could be vinyls, organic chemicals, water treatment, and chlorinated intermediates. As per the publication, vinyls are expected to be counted as a market with a higher revenue share growing at a CAGR of 6.2% between 2017 and 2022. In 2017, it accounted for a US$14.4 bn. However, by the end of 2022, it could earn a US$19.5 bn. The percentage share anticipated for this market is 47.9% to be achieved by the concluding forecast year. Its annual growth could be greater than that of other segments by end use.

With respect to geographical classification, the international chlorine market is prognosticated to testify the superiority of Asia Pacific except Japan (APEJ) in view of revenue. This region could expand at a CAGR of 7.2% during the tenure of the forecast period, putting behind developed regions such as North America and Europe. Growing at a 6.4% CAGR, North America could create opportunities as it secured a US$5.4 bn in 2017. Running at a CAGR closer to this one, Japan could be valued at a US$3.9 bn by 2022. Latin America and the Middle East and Africa (MEA) are envisaged to be other regions of the market.

Global Chlorine Market: Vendor Landscape

The worldwide chlorine market is predicted to include key industry players such as Ercros S.A, Olin Corporation, BASF SE, PPG Industries, Occidental Petroleum Corporation, FMC Corporation, Hanwha Chemical Corporation, Ineos Group Ltd., Tata Chemicals Ltd., and Tosoh Corporation. Report buyers could take advantage of the clear and meticulous explanation of the market’s competitive landscape provided by the analysts.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Acrylic Emulsions Market Poised to Expand at a Robust Pace Over 2022

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The global acrylic emulsions market is gaining from the large number of applications of acrylic emulsions in adhesives and sealants, paints and coatings, construction additives, and paper coatings among others. This is because acrylic emulsions impart properties of enhanced process ability, performance, and appearance to end products. Also, the low threat of substitutes due to the low possibility of substitution in most applications is acting in favor of the acrylic emulsions market. While acrylic emulsions are largely similar to polymer dispersions in terms of properties, the large particle size of emulsions gives them an edge over polymer dispersions.

According to a market study by Transparency Market Research (TMR), the global acrylic emulsions market will expand at a CAGR of 8.2% between 2017 and 2022 in terms of revenue. Progressing at this rate, the market is expected to attract a revenue valuation of US$8,792.6 mn by the end of 2022 up from its estimated worth of US$5,915.9 mn in 2017.

Rising disposable incomes leading individuals to spend substantially high amounts on superior quality decorative paints for interior and exterior use is boosting the demand for acrylic emulsions in paints and coatings. Besides this, recovery of the construction sector and infrastructural development across several countries is also aiding the growth of the acrylic emulsions market.

Pure acrylic emulsions are extensively used in the formulation of a number of consumer and industrial end-use products. This includes architectural decorative coatings for exterior and interior use, building materials, industrial coatings, glass-fiber secondary binders for tissues and veils, and non-woven, high-loft applications.

In terms of the demand-supply scenario, the bargaining power of raw material suppliers is moderate due to the low raw material demand and supply gap, threat of forward integration, and fixed number of global buyers. Further, the bargaining power of buyers is low as the acrylic emulsions market is a highly organized one. The limited number of application specific manufacturers also account for the low bargaining power of buyers.

Global Acrylic Emulsions Market: Key Insights

Among the key product types, acrylics is expected to hold the leading 62.9% of the market in 2017. In absolute numbers, the acrylics product segment is estimated to be valued at US$3, 7187.7 mn in 2017. Displaying the leading year on year growth of US$362.9 mn, the acrylics product segment is estimated to touch a valuation of US$5,533.0 mn by 2022-end. The segment is estimated to represent 62.9% of the market by the end of 2022.

As per the application classification, water-based paints, adhesives and sealants, paper/paperboard coatings, and others are the segments into which the global acrylic emulsions market is divided.

From a geographical standpoint, the report takes stock of the potential of acrylic emulsions market in the regions of North America, Latin America, Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa. Amongst all, Asia Pacific except Japan is expected to lead the global acrylic emulsions market in 2017 vis-à-vis revenue, and the region is anticipated to hold on to its leading position over the forecast period.

Global Acrylic Emulsions Market: Competitive Analysis

The global acrylic emulsions market features a competitive vendor landscape with a presence of a large number of well-entrenched and local players. Arkema S.A, BASF SE, Clariant, H.B. Fuller, Synthomer Plc., Ashland Inc., Celanese Corporation, DIC Corporation, The Lubrizol Corporation, and The Dow Chemical Company are the key companies that operate in the global acrylic emulsions market. Most of the leading players are focused on product launches, mergers and acquisitions, and expanding their outreach to strengthen their market share.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Hydrogen Peroxide Market to receive overwhelming hike in Revenues by 2022

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Increasing Trend of Paper Recycling to Boost Growth

The global market for hydrogen peroxide is highly influenced by the increasing trend of paper recycling,” says a TMR researcher. As hydrogen peroxide bleaches and de-ink papers efficiently, its usage in paper recycling has increased substantially, reflecting positively on the growth of this market. Over the forthcoming years, the market is anticipated to witness strong rise in the demand for hydrogen peroxide in the electronics industry, where it finds extensive application in etching printed circuit boards.

According to the estimations of TMR researchers, the worldwide market for hydrogen peroxide will attain a value of US$2.3 bn by the end of 2017. The opportunity in this market is estimated to further increase at a CAGR 4.70% over the period from 2017 to 2022 and reach US$2.9 bn by the end of the forecast period. The pulp and paper industry is registering a relatively higher consumption of hydrogen peroxide than other end users and this trend is expected to remain so over the next few years, states the research report.

The increasing usage of this chemical for cleaning silicon wafers and removing photoresists will also support the uptake of hydrogen peroxide in the electronics industry during the forecast period, leading to a steady rise of this market. However, the augmenting concerns over the health hazards caused by the exposure to hydrogen peroxide, such as eye infection, gastrointestinal tract infection, and skin irritation, may limit its adoption to a certain extent. The rising awareness among people about hydrogen peroxide being a carcinogenic element may also hamper the growth of this market in the near future, states the research report.

Rise in Pulp and Paper Industry to Ensure APEJ’s Dominance

The research report also offers a geographical analysis of the worldwide hydrogen peroxide market. As per the study, the market is regionally classified into Asia Pacific excluding Japan (APEJ), the Middle East and Africa (MEA), North America, Europe, Latin America, and Japan. Among these, the APEJ region has emerged as the leading regional market for hydrogen peroxide market, acquiring nearly half of the global market. Researchers anticipated the market for hydrogen peroxide in the APEJ region to expand at a CAGR of 5.0% throughout the period of the forecast, retaining its dominance on the global market.

The APEJ market for hydrogen peroxide is expected to gain considerably from the significant progress in the pulp and paper industry, Asian countries, such as China and India, are observing currently. It will also benefit from the significant surge in the packaging industry, especially in ASEAN nations in the years to come, reports the market study.

Marked by the presence of numerous established participants, the global market for hydrogen peroxide stands highly competitive and fragmented, states a new research report by Transparency Market Research (TMR). Up till now, the key companies, such as Arkema, Mitsubishi, Kemira Oyj, Evonik Industries, Merck & Co., Solvay, Dow Chemicals, Akzo Nobel, BASF, and Aditya Birla Chemicals, have been depending on the advancements of products to strengthen their businesses. However, these companies are projected to shift their focus towards expanding their reach across emerging markets, especially in Asia Pacific in the near future to exploit the ample untapped potential they hold, notes the research study.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Personal Mobility Devices Market Estimated to Accumulate more than US$12.7 bn by 2023

As per TMR, the global personal mobility devices market, which stood at US$6.65 bn in 2014, is expected to reach US$12.7 bn by the end of 2023. The market is thus expected to exhibit a CAGR of 7.30% between 2015 and 2023.

Demand for Personal Mobility Devices to Rise as Geriatric Population Increases Globally

The rising geriatric population around the world has been a key target market for personal mobility devices,” observes the TMR report’s author. In India and China, the population of aged people is particularly expected to surge at an unprecedented rate through the forecast period. Aging is often associated with lower bone density, and, consequently, mobility in numerous cases. The prevalent social structure has led to a decline in long-term caregiving support from families. This creates an environment conducive to the expansion of the personal mobility devices market.

Besides the geriatric population, caregiving services also become necessary for people with physical disabilities creating a window of opportunity for personal mobility devices,” added the TMR analyst. As per annual report on Disability Statistics published in 2014, by the University of New Hampshire, the rate of disability increases with age. Thus the increasing number of people suffering from disabilities will fuel requirement of advanced personal mobility devices. The demand for these devices is also expected to surge in the near future in response to the favorable government regulations and increasing grants from the United Nations and other international organizations. The advent of latest technologies will also allow the market to pace up considerably.

High Cost of Personal Mobility Devices Limiting their Demand

However, the high cost of many of these mobility devices is hampering the market’s trajectory to an extent. Due to their high cost, the sales prospects of these devices are compromised with in developing or underdeveloped economies. Furthermore, TMR has observed low acceptance for highly digitized mobility devices. This could be because of the limited utilization of computers by disabled individuals. Moreover, digitization is pushing up the cost of products, which limits the market’s growth.

In addition, the social stigma attached to using mobility devices such as crutches, wheelchairs, and cranes could inhibit the market’s expansion as well.

Market to Gain Impetus from Favorable Grants by International Organizations

TMR expects that policies delaying the age of retirement will positively influence the sales of personal mobility devices. Implementing such policies would require a flexible working environment and adequate facilities for the elderly working in the organization. This in turn will increase the demand for personal mobility devices in the forthcoming years. Furthermore, the market is also expected to gain significant impetus from the increase in productive employment of people with disabilities.

The WHO has been encouraging governments across various nations to develop policies for assistive and mobility devices as a part of the strategy for human development to leverage untapped potential of the disabled population. Such regulations will augur well for personal mobility devices sales.

In terms of device type, the global personal mobility devices market was led by the medical mobility aids and ambulatory devices segment in 2015. On the basis of revenue, the segment is expected to surge at a CAGR of 8.5% from 2015 to 2023. Regionally, North America led the overall market with a share of 41.4% in 2014.

A moderate level of competition exists among the key players in the global personal mobility devices market. As per the findings of Transparency Market Research (TMR), the top three players in the personal mobility devices market, Invacare Corporation, Hill-Rom Holdings, Inc., and Sunrise Medical LLC, together accounted for approximately 35.6% of the overall market in 2015. Presently, the industry comprises a few major players operating across each product segment. In the forthcoming years, TMR expects price wars to persist between leading players operating in the different market segments.

Spurred by the aforementioned factors, competition prevailing in the personal mobility devices market will intensify through the course of the report’s forecast period between 2015 and 2023. Furthermore, threat of substitution and considerable bargaining power of buyers will possibly escalate rivalry among the key market players.

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