Market Research Blog – Page 10440 – New Product Development

UV Cured Coatings Market | Size, Historical Growth, Analysis, Opportunities and Forecast To 2026

The ultraviolet curing, is also known as UV curing, a photochemical process of instantly curing or drying the inks, coatings or adhesives by using high intensity ultraviolet light. The UV coatings have many advantages over the traditional curing and drying methods such as PVC coatings.

UV curing coatings are used to increase production speed and improve scratch and solvent resistance. The UV cured coatings has adopted by many industries such as automotive, telecommunications, glass and plastic decorations and graphic arts.

The demand of the UV cured coating is increasing rapidly due to its higher productivity in less time, with a reduction in the waste, no environmental pollutants and no loss of coating thickness which leads to the growth of the global UV cured coating market.

UV Cured Coatings Market – Drivers and Restraints

The global UV cured coating market is expected to register the significant CAGR over the forecast period as the demand of UV cured coating is increasing over the conventional PVC coatings, waterborne coatings, powder coatings, and high-solids coatings.

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The stringent environmental regulations lead to the less usage of conventional coating processes is one of the prime factor drives the global UV cured coating market. The growing awareness to reduce the volatile organic compounds (VOC) emissions by accepting eco-friendly technologies such as UV cured coatings also drive the global UV cured coating market.

The increase in infrastructure development and spending, particularly for commercial and residential sectors is also boosting the demand of the UV cured coatings and drives the global UV cured coating market.

However, the oxygen inhibition while UV curing may cause the top layer to become uncured, sticky and wet and affects the long term reliability, which may hamper the growth of the global UV cured coating market.

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UV Cured Coatings Market – Region Wise Outlook

The global UV Cured Coatings market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The APEJ is dominating the market and contributed the leading share to the global UV cured coatings market in terms of revenue and volume due to the increasing demand from the electronic and industrial hub from countries such as China and India.

The North America region is also contributed the significant market share to the global UV cured coatings market followed by APEJ. The Western Europe and Eastern Europe are expected to register the descent market growth to the global UV cured coatings market over the forecast period.

MEA and Latin America are at a nascent stage of UV cured coatings market and expected to register the lucrative market share over the forecast period 2016 to 2026.

UV Cured Coatings Market – Key Players

The key players of the global UV cured coatings market are as follows:

Royal DSM N.V.
Allnex Belgium SA/NV
Alberdingk Boley GmbH
BASF SE
Covestro AG
Nippon Gohsei
Wanhua Chemical Group Co., Ltd.
Miwon Specialty Chemical Co. Ltd
Hitachi Chemical Company Ltd.
Eternal Chemical Co. Ltd.
Toagosei Co. Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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Non-Woven Glass Fiber Prepreg Market | Key Players, SWOT Analysis, Key Indicators, Forecast To 2026

Non-woven glass fiber prepreg basically finds application in aerospace and industrial sector wherein the wind energy in industrial sector consumes prepreg mostly. The global non-woven glass fiber prepreg is expected to grow relatively at a high growth rate with the increased growth in the end use industries.

Non-woven is a technology which involves processes other than knitting and weaving. The process starts with the formation of fibre web and followed by subsequent bonding of these webs with the reinforcing chemicals. The fibres mostly used can carbon, glass, aramid etc. The process of bonding these reinforced fibres with a matrix of resin is called as impregnation and the combination of reinforcing fibre and resin matrix is called as prepreg.

Thus, non-woven glass fibre prepreg is a strong composite material with exceptional mechanical properties. The resins (matrix) used in the prepreg depend on the ultimate applications and properties required in the composite material. They can thermoplastics or thermosetting type of resins.

The mostly used thermosetting matrix are of epoxy, phenolic and bismaleimide. For instance, in aero engines excellent resistance high temperature is an essential criteria for which bismaleimidematrix is used. For fire resistance phenolic are used whereas for excellent mechanical properties epoxy type are used.

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Global Non-Woven Glass Fiber Prepreg Market: Drivers and Restraints:

The global non-woven glass fiber prepreg market is primarily driven by the increasing need of the high performance materials in the industrial and aerospace sectors such as automotive industry, wind energy and industrial machinery. The high demand for sports equipment and sports goods further drives the global non-woven glass fibres.

Global Non-Woven Glass Fiber Prepreg Market: Region Wise Outlook

The global non-woven glass fiber prepreg market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA).

Europe and North America are the matured markets for the non-woven glass fiber prepreg with presence of major players in the regions and expected that growth of the major players will drive the global non-woven glass fiber prepreg market during the forecast period.

Next in line is APEJ, especially China, which accounts for major share in terms of consumption in Asia Pacific region due increasing industrial expansion. The non-woven glass fiber prepreg s market is anticipated to grow in Japan and Latin America followed by MEA.

Overall the global market for non-woven glass fiber prepreg is projected to record significant growth during the forecast period.

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Global Non-Woven Glass Fiber Prepreg Market: Key Players

Some of the key players identified in the global non-woven glass fiber prepreg market includes:

Saint-Gobain
PPG Industries Inc.
Owens Corning
Jushi Group Co., Ltd
SAERTEX GmbH & Co. KG
Ahlstrom Oyj
Johns Manville
Hexcel Corporation

Global Non-Woven Glass Fiber Prepreg Market: Segmentation

On the basis of prepreg type, non-woven glass fiber prepreg market is segmented into:-

Thermoplastic prepreg
Thermosetting prepreg

On the basis of prepreg processing method, non-woven glass fiber prepreg market is segmented into:-

Vacuum bag processing
Autoclave processing

On the basis of application, non-woven glass fiber prepreg market is segmented into:-

Aerospace
Civil Aircraft
Primary Structure
Interiors
Aero-engines
Defence Aircraft
Helicopters
Space
Industrial
Wind Energy
Electronics
Sports Equipment
Automotive
Machinery
Tooling

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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HVAC Insulation Market | Industry Analysis, Size, Share, Growth, Trends and Forecast to 2026

Insulation to the heating, ventilation and air conditioning systems (HVAC) is a way of improvising the fire safety, energy efficiency and acoustic performance of the buildings. The insulation is provided in HVAC systems as a resistance towards heat loss or gain. For instance, in cold lines of the HVAC, HVAC insulation resists the heat loss from the system whereas in heating lines it helps in preventing heat gains.

According to ISO and EN standards a material is considered as thermal insulation material when (thermal conductivity) λ< 0.065 W/mK. The various insulation materials for HVAC insulation depends on the thermal properties. For instance, in cold lines of HVAC glass wool and flexible elastomeric foams are mostly used where their maximum operating temperature are 250 °C and 170°C respectively.

In HVAC systems, duct insulation is an important need since the air flow in the ductwork has to be maintained at desired temperature level. HVAC insulation are highly adopted in residential, commercial and industrial applications. The global HVAC insulation market is expected to expand significantly during the forecast period with the increasing global HVAC systems market.

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Global HVAC Insulation Market: Drivers and Restraints:

The global HVAC Insulation market is primarily driven by the increasing demand for HVAC systems. The uncertain climatic changes propels the increase in sales of HVAC systems which in turn drives the global HVAC insulation market.

The commercial and industrial sectors are the major driving forcing towards the global HVAC insulation market since the consumption of HVAC systems are more when compared to residential.

HVAC insulation saves the energy being wasted, thus reducing the ultimate energy bills which is one of the major factor driving the global HVAC insulation market. The government regulation towards enhancing energy efficiency of the commercial and industrial buildings also drives the global HVAC insulation market.

Global HVAC Insulation Market: Region Wise Outlook

The global HVAC Insulation market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the consumption of HVAC insulation materials.

This is attributed by growing industries in countries such as China, India, Indonesia, South Korea, Taiwan, and Vietnam. North America and Japan followed by Europe are expected to grow moderately during the forecast period. The HVAC market in MEA and Latin America are expected to show growth during the forecast period.

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Global HVAC Insulation market: Key Players

Some of the key players identified in the global HVAC Insulation market includes:

PPG Industries Inc.
Owen Corning Corporation
Saint Gobain S.A.
Glassrock Insulation Co S.A.E
Johns Manville Corporation
Glassrock Insulation Co S.A.E
Rockwool International A/S
Xiamen Goot Advanced Material Co., Ltd.
Armacell International S.A.
Fletcher Insulation Pty Ltd.
Kingspan Group plc

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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Barium Fluoride Market | Industry Research, Segmentation, Key Players Analysis and Forecast to 2026

Barium Fluoride is chemically termed as BaF2 with chemical composition of barium and fluoride. Barium fluoride is a salt and water insoluble barium source that is used in oxygen-sensitive applications includes metal production.

Barium Fluoride have varied range of applications in modern technologies and science, ranging from etching and oil refining to the manufacture of pharmaceuticals synthetic and organic chemistry.

Barium Fluoride is also used in spectroscopic components and is commonly suitable for the passive IR band (8 to 14µm), as well as view-port window for thermography. Barium fluoride distinct crystals are cross-luminescent scintillators with short emission times, heavy, and high primary photon intensities.

In addition to scintillation properties, barium fluoride is also applicable in the fabrication of optical windows transmitting radiation in the spectrum from IR to UV. Moreover, barium fluoride is required to produce BaY2F8 crystals for UV-lasers and is also appropriate for a number of instrumental environments due to its resistance to water damage.

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Barium Fluoride Market: Drivers & Restraints

The major factors driving the growth of barium fluoride market are rising growth of fluoride market, increasing end-user application across numerous sector, increasing production and consumption patterns. Barium fluoride is one of those chemical compound which are majorly used in the aluminum metallurgy, production of welding agents, optical and others.

The growing applications are resulting in the increasing demand for barium fluoride across the globe. Key factors driving the growth of flame proof lighting market in the region include increasing growth of lightning market, high end-user application in various industries, and technology advancement in lightning.

Demand of barium fluoride is rising, as barium fluoride is versatile valuable intermediate for various applications and intermediate and building block in a variety of end-user industry On the other hand, factor restraining growth of barium fluoride market is its side effects when overdosed including cancer, bone weakness, kidney stone & failure, memory loss, etc. Moreover, other factors are governmental regulations, and its strong reaction property.

Barium Fluoride Market: Regional Outlook

Regarding geography, barium fluoride Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Barium fluoride market is expected to register significant CAGR during the forecast period. Asia-Pacific represents the comparatively high market share and grow with relatively high CAGR in forecast period due to high demand of barium fluoride in optical material.

North America is experiencing the rapid increase in the production capacity of barium fluoride as demand for barium fluoride in wide range of application such as ammonium, hydrogen fluoride, calcium fluoride, hydrogen fluoride, and sodium fluoride.

In addition, with growing demand for barium fluoride is growing in North America, top leading manufacturers of the market is expanding their product range in the region. The Barium fluoride market is projected to register healthy growth due rising usage of barium fluoride across globe.

Barium fluoride market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to the growth of chemical industry, and increasing consumption of barium fluoride in wide range of end users, especially in China and India. In China, demand of barium fluoride is booming due to its usage as raw materials of solvent, alkyl alkanol amines, and ingredients of rocket fuels.

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Barium fluoride Market: Key Players

Some of the key players identified in the barium fluoride market are:-

Solvay
GFS Chemicals, Inc.
International Crystal Laboratories
All-Chemie, Ltd.
Barium & Chemicals, Inc.
Wego Chemical & Mineral Corp
Alfa Chemical Corp
Super Conductor Materials
Jay Intermediates
Others

Barium Fluoride Market: Market Segmentation

The barium fluoride market is segmented into four parts based on the application type, end-user, and geography.

Based on the application type the barium fluoride market is segmented into:

Ammonium
Hydrogen Fluoride
Calcium Fluoride
Hydrogen Fluoride
Sodium Fluoride
Sulphur Hexafluoride
Others

Based on the end-use type the barium fluoride market is segmented into:

Aluminum Metallurgy
Optical Material
Oil Refining
Spectroscopic Components
Pharmaceuticals
Food
Others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Tris Nonylphenyl Phosphite Market Analysis, Segments, Leading Player, Application & Forecast to 2026

Tris nonylphenyl phosphite are the chemical compound as an antioxidant in various industries such as packaging, petrochemicals, and chemical. The global tris nonylphenyl phosphite marketis expected to have significant growth rate, attributed to growing food packaging industry across the globe.

North America and Western Europe have significant revenue share in the global tris nonylphenyl phosphite market, attributed to the prevalence of diseases, rapid rate of urbanization, and increasing health awareness in the region over the forecast period.

Global Tris Nonylphenyl Phosphite Market Dynamics

The growth of the global tris nonylphenyl phosphite marketis driven by growing petrochemical, food, and chemical Industry. Increasing use of phosphite based antioxidants in the petrochemicals, polymers, food packaging industries, and rubber also fueling the global tris nonylphenyl phosphite market.

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The restraining factor for global tris nonylphenyl phosphite market is its adverse effect on health. The factor trending the demand for global tris nonylphenyl phosphite marketinclude increasing demand for packaged food and changing lifestyle of consumers.

The company providing the joint compound have significantly high opportunity in regions such as North America, Eastern Europe, and Asia-Pacific, owing to the significant demand for a phosphite antioxidant in the regions.

Tris nonylphenyl phosphite marketalso has a significant opportunity in Latin America and the Middle East and Africa region as these are the emerging market, attributed to growing packaging industry in the region.

Global Tris Nonylphenyl Phosphite Market Segmentation

The global tris nonylphenyl phosphite marketis segmented on the basis of end-user, application, and region. On the basis of end-user, the global tris nonylphenyl phosphite marketis segmented as packaging industry, chemical industry and others, wherein chemical industry have significant revenue share in global tris nonylphenyl phosphite marketand is expected to have substantial growth rate.

On the basis of application, the tris nonylphenyl phosphite marketis segmented as petrochemicals, stabilizers, and rubber. Among the application segment, petrochemicals segment contribute for the significant revenue share over the forecast period in the global tris nonylphenyl phosphite market, attributed to high demand for phosphite antioxidant in petrochemicals.

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Global Tris Nonylphenyl Phosphite Market Regional Outlook

Based on the geographies, the global tris nonylphenyl phosphite marketis fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of the global tris nonylphenyl phosphite marketin terms of value.

Western Europe revenue share is followed by North America region in the global tris nonylphenyl phosphite market. The Asia-Pacific except Japan region accounts for significantly high volume share in the global tris nonylphenyl phosphite market with significant growth rate, owing to high demand for petrochemicals and polymer stabilizer in China and South Korea. Eastern Europe and Japan also accounts for significant value share in the global tris nonylphenyl phosphite market.

The developing economy such as Middle East Africa and Latin America have a substantial growth in the global tris nonylphenyl phosphite market, owing to the substantial growth in the petrochemical industry over the forecast period. Overall, the outlook for the global tris nonylphenyl phosphite marketwill have a positive growth over the forecast period.

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Global Tris Nonylphenyl Phosphite Market Player

Few players in the global tris nonylphenyl phosphite marketinclude Sandhya Group, Songwon Industrial Co., Ltd, Dover Chemical Corporation, Galata Chemicals Holding GmbH, Addivant USA, LLC, Gulf Stabilizers Industries, and Sterling Auxiliaries Pvt. Ltd.

The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material, and applications.

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Flue Gas Desulfurization System Market Analysis, Growth, Emerging Trends, Research Methodology, Massive Growth to 2032

In 2032, the market for flue gas desulfurization systems is projected to generate US$ 34,881.3 Million while growing at a CAGR of 5.1%. In 2022, the market is anticipated to be worth US$ 21,172.5 Million.

International awareness of environmental concerns has been increasing in recent years resulted in the stringent environmental regulations regarding sulfur dioxide (SO2) emission in the many countries. Flue Gas Desulfurization System (FGDS) is a set of technologies which works to remove sulfur dioxide (SO2) from exhausted gases from the emission of the sulfur dioxide emitting processes.

Basically, the flue gases are removed using a variety of reagents such as caustic, lime, fly-ash, magnesium oxide, soda ash, sea water, limestone, ammonia and double alkali. The flue gas desulfurization system efficiency is based on the reagents and the type of the technology used to desulfurize the Sulfur dioxide (SO2). The FGDS are available in size range from 5 MW to more than 2000 MW capacity.

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Flue Gas Desulfurization System Market – Drivers and Restraints

The global FGDS market is expected to show a rapid market growth over the forecast period. The sulfur dioxide is responsible for the acid rain formation, the stringent government regulations to protect the environment have been implemented in many countries to limit and control the emission of the flue gas which is the major factor driving the global FGDS market.

The increasing number of energy power plants to meet the rising demand of power needs more FGDS systems which drive the growth of the global FGDS market. The increasing industrialization and set up of chemical, iron and steel and cement manufacturing plants boost the demand of the FGDS which drives the growth of the global FGDS market.

However, the alternative methods used to remove the sulfur dioxide (SO2) from the flue gases after combustion such as Catalytic hydro desulfurization and fluidized bed combustion methods may hamper the use of FGDS system and restrain the growth of the global FGDS market.

Flue Gas Desulfurization System Market – Region Wise Outlook

The global FGDS market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The North America region has contributed the leading share to the global FDGS market in terms of revenue due to higher demand of the FGDS from the power generation industry and chemical, iron industry. The Western Europe has also contributed the significant shares to the global FGDS market followed by North America.

APEJ region is the most lucrative market, followed by the Eastern Europe and expected to register the descent growth to the global FGDS market due to the rising industrialization, manufacturing and processing units of the industries such as power generation, coal, steel and cement. Japan and Eastern Europe are contributed descent growth to the global FGDS market.

The MEA and Latin America are at a nascent stage and expected to show a moderate growth for the forecast period. Overall, the global FGDS fabric market is expected to register a significant growth rate over the forecast period 2022 to 2032.

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Flue Gas Desulfurization System Market – Key Players

Some of the key players in the FGDS market are as follows:

Babcock & Wilcox Enterprises, Inc.
Marsulex Environmental Technologies
FLSmidth & Co. A/S
Thermax Limited
Siemens AG
Clyde Bergemann Power Group
Burns & Mcdonnell
Alstom SA
Mitsubishi Electric Corporation, Ltd.
Hamon Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

Flue Gas Desulfurization System Market – Segmentation

On the basis of type, theglobal FGDS market is segmented as follows:

Wet flue gas desulfurizer
Dry flue gas desulfurizer
Semi dry desulfurizer

On the basis of applications, theglobal FGDS market is segmented as follows:

Power generation
Chemical
Iron and steel
Cement manufacturing
Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Dimethylformamide (DMF) Market Current Trends and Future Growth Estimations Outlook to 2032

The Dimethylformamide (DMF), a derivative of formamide and an amide of formic acid, is a colourless organic liquid with a high boiling point. It is available in various derivative forms, including N,N-Dimethylformamide dimethyl acetal, N,N-Dimethylformamide dietyl acetal, and N,N-dimethylformamide.

The global market for dimethylformamide (DMF) is predicted to grow at an estimated CAGR of 4.7% over the course of the forecast period. The market is expected to generate revenues of US$ 374.88 million in 2022 and US$ 593.4 million by 2032.

It is widely used in carrying out chemical reactions owing to its miscibility with various compounds and water. In its pure form, dimethylformamide is odourless; however, impure or degraded dimethylformamide has a fishy odour because of its impurities.

Dimethylformamide finds its applications in the production of films, surface coatings, and fibres. It is also widely used as an industrial solvent. Although dimethylformamide is widely used across a wide range of end-use industries, concerns about its potential health impact remain a key challenges to its widespread adoption.

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Prolonged exposure to dimethylformamide has been associated with liver damage in both humans and animals. Symptoms of prolonged exposures of dimethylformamide in humans include nausea, abdominal pain, vomiting, jaundice, and rashes.

Global Dimethylformamide Market: Drivers and Restrains

Wide-ranging applications of dimethylformamide in solvents, fibres, and pesticides will continue to drive the growth of the global dimethylformamide market during the forecast period, 2016-2026.

Derivatives of dimethylformamide are widely used in the manufacture of wire enamels, pesticides, pharmaceuticals, and acrylic fibres. However, concerns regarding the health impact of prolonged exposure to dimethylformamide can impede growth during the forecast period.

Global Dimethylformamide Market: Region-Wise Outlook

The global dimethylformamide market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa (MEA). Asia Pacific is the market leader in the global dimethylformamide market, owing to strong demand for dimethylformamide from the region’s pharmaceutical sector.

North America is the second largest market for dimethylformamide – steady demand from the region’s solvent and films industry is fuelling the growth of the dimethylformamide market in the region. Europe is the third largest market for dimethylformamide, with applications in automobiles and surface coatings fuelling the growth of the market.

Latin America dimethylformamide market is also witnessing steady growth owing to the flourishing pharmaceuticals and chemicals industry in this region. Middle East and Africa is at a nascent stage in the global dimethylformamide market although it is expected to witness promising growth rates during the forecast period.

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Key Segments Profiled in the Dimethylformamide (DMF) Market Survey

By Derivatives:

N,N-DMF Dimethyl Acetal
N,N-DMF Ditert-Butyl Acetal
N,N-Dimethylformamide

By Application:

Industrial Solvent
Polymer Fibres
Surface Coatings
Films
Processing of Acrylic Fibres
Wire Enamel

By End User:

Pesticides
Pharmaceuticals
Solvents
Chemicals

Global Dimethylformamide Market: Key Players

Key players in the global dimethylformamide market include:

Cable House
J. N. Chemical
Artha Enterprise
Alpha Chemika
Antares Chem Pvt. Ltd.
BASF
Eastman Chemical
Merck
Luxi Chemical Group
Jiutian Chemical Group
Mitsubishi Gas Chemical
The Chemours
Zhejiang Jiangshan Chemical
Chemanol
AK-KIM
Pharmco Products
Ineos AG
Arkema Group

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

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Acrylic Adhesives Market Size, Share, Growth & Analysis Report to 2031

The worldwide Acrylic adhesives market is expected to show an upward trend in sales with CAGR 5% TO 6%. Key factor supporting this growth is increased demand for Acrylic adhesives in packaging, construction and other key end-use industries.

It is used in a variety of industries, including construction, paper and packaging, medical, transportation, carpentry, consumer electronics, and electronics. This scenario depicts the potential for suppliers in the Acrylic adhesives industry to grow.

On the strength of increased demand for long-lasting adhesive products from all over the world, the industry is expected to earn significant revenues.

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What is Driving Demand for Acrylic Adhesives

In this COVID-19 pandemic, many major industrial and commercial activities have been significantly impacted. However, this pandemic has provided opportunities for the packaging industry as many countries have witnessed lock downs due to this deadly virus, it has been critical to stock up on essential supplies such as medicines, dairy products, food, sanitizers, face masks, disinfectants, and many others. This factor has skyrocketed demand for packaging and related products including acrylic adhesives.

The rapidly rising construction industry in Asia-Pacific and the Middle East regions, as well as increasing usage in the packaging industry, are the primary factors driving the growth of its market.

Fast growing E-commerce Sector Expected to Drive the Consumption of Acrylic adhesives

Packaging is one of the largest end users of Acrylic adhesives. Some of the applications include bags, cigarettes and filters, cartons’ side seams and closures, composite containers and tubes, disposables, envelopes, flexible packaging, labels/signs/decals, specialty packaging, and corrugated boards, among others.

The consumers and customers around the world prefer packed products rather than initially available and sold lose products such as fruits, vegetables, etc. As a result of the pandemic, demand for the packaging industry has increased. With increasing growth of e-commerce platforms, the need for product packaging and related consumables is bound to increase.

In construction industry Acrylic may be used as the base material in pressure-sensitive adhesives because it is suitable for a wide range of materials and provides greater stability, durability, and versatility due to key properties such as excellent resistance to shear, UV light, moisture, solvents, chemicals, and extreme temperature

Asia-Pacific of Acrylic Adhesives Market Outlook

The Asia-Pacific region is predicted to have the largest share of the global market. The need for adhesives in the region has been driven by factors such as robust increase in building activities, increasing packaging demand from the expanding e-commerce business platform and increasing output in the food and beverage industry. Due to high packaging needs, countries such as China and India dominate the market demand for it.

As internet usage in these countries continues to increase at a rapid pace, China and India have the potential to grow at a quicker rate in the e-commerce packaging market. Moreover, the construction sector in these countries is expected to grow at a noticeable rate, owing to various planned projects planned for construction, during the forecast period. Additionally, construction is growing at a noticeable rate in countries, such as Indonesia, Thailand, and Singapore.

North America Acrylic adhesives Market Outlook

The increase in the number of building projects and the rise of the packaging industry are both driving demand for it. However, strict VOC emission laws connected to its disposal and or substitution from alternate feedstocks may stifle industry expansion.

Shifting focus towards the bio-based adhesives and replacement of solvent-borne adhesives in construction industry are likely to offer opportunities for the Acrylic adhesives market in North America. United States stands to be the largest market for Acrylic adhesives in the region, with consumption being majorly driven by the end-user industries, like construction, electronics and packaging.

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Who are the Key Manufacturers and Suppliers of Acrylic Adhesives?

Some of the leading manufacturers and suppliers of Acrylic adhesives

Henkel AG & Company
H.B. Fuller
Bostik SA
Avery Dennison
Illinois Tool Works Inc.
Pidilite Industries Limited
Sika AG
Royal Adhesives & Sealants LLC

Key players are investing considerable efforts to advance the quality of their products. As the quality of the product is the major factor for increasing share in the market. Acrylic adhesives find application in a wide range of industries such as construction, paper and packaging, medical, transportation, woodworking, consumer, and electronics.

This scenario shows the potential for the growth of vendors in the market. The market is estimated to generate prominent revenues on the back of growing demand for long-lasting adhesive products from all worldwide locations.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Mining Lubricants Market | Growth Factors, Opportunities, Ongoing Trends and Key Players by 2030

Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

Key Takeaways of Mining Lubricants Market Study

The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
Coal mining largest application avenue, accounting for over 50% mining lubricants market share
Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

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For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate.

With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

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Mining Lubricants Market by Category

By Product Type:

Oils
Grease

By Source:

Synthetic Lubricants
Bio-based Lubricants

By Application:

Coal Mining
Bauxite Mining
Iron Ore Mining
Precious Metals & Rare Earth Minerals Mining
Industrial Mineral Mining
Others

COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations.

Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

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Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Propanol Market | Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

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Key Takeaways from Global Propanol Market

In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

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Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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