Acrylic Fibre Market Analysis, Segments, Leading Player, Application & Forecast to 2032

Future Market Insights delivers key insights on the global acrylic fibre market in a new publication titled “Acrylic Fibre Market: Global Industry Analysis and Opportunity Assessment, 2022 – 2032”.

Major demand for acrylic fibre is expected to come from Asia Pacific, Middle East & Africa, and Latin America over the forecast period and the global acrylic fibre market is projected to reach a market value of US$ 7,779.0 Mn by 2032 end, registering a CAGR of 3.9% over the forecast period.

The global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. As the demand for acrylic fibres is stagnant in the developed economies of North America and Western Europe, significant opportunity for growth in the global acrylic fibre market lies in the regions of APEJ, Latin America, and Middle East & Africa.

Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-colour dyes in clear, bright and muted tones. They impart natural aesthetics to fabrics as opposed to their nylon and polyester counterparts. Also, acrylic fibres have excellent resistance to ultraviolet degradation, weak alkalis, and microbiological attack.

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Due to such physical, chemical, and thermo-biological characteristics, acrylic fibres are becoming popular in their use by blending with other materials such as wool, cotton, polyester etc. Moreover, acrylic fibres are used in various end-use industries such as apparels, home furnishing etc.

With macroeconomic development of these end-use industries supported by regional GDP and population growth, the demand for acrylic fibres is further expected to increase, specifically in the Asia Pacific region over the coming years.

In addition, sporadic supply of wool and cotton at a global level is pushing manufacturers to blend acrylic fibre with wool and cotton for use in the manufacture of products such as blankets, sweaters, etc. Upswing in acrylic fibre raw material prices is forcing manufacturers across the globe to use its substitutes such as polyester, nylon, cellulose etc. for various applications.

These substitutes have economic advantage over acrylic fibre due to better raw material availability, large scale production, and recyclability. Owing to this, acrylic fibre manufacturers across the globe are facing significant challenges to sustain in the market.

Production units are terminating in developed regions such as U.S and Europe owing to strong inter-fibre competition, especially from polyester fibres. Moreover, U.S. and Europe are suffering under rising competition from Asian imports of acrylic fibre and its finished products. These factors are likely to restrain the growth of the global acrylic fibre market.

Segmentation highlights

  • Global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. On the basis of dyeing method, the global acrylic fibre market is segmented into acid, gel, and undyed. The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period. The gel dyeing segment is estimated to dominate the global acrylic fibre market, with 56.5% market revenue share, valued at US $ 2,450.99 Mn by 2016 end.
  • On the basis of fibre form, the global acrylic fibre market is segmented into staple and filament. The staple fiber segment is estimated to dominate the global acrylic fiber market, with more than 61.37% market revenue share, valued at US $ 2,658.11 Mn by 2016 end.
  • On the basis of blending, the global acrylic fibre market is segmented into wool, cotton, and others. The cotton blending segment is anticipated to register a CAGR of 3.7% over the forecast period.
  • On the basis of end use, the global acrylic fibre market is segmented into apparels, home furnishing, industrial, and outdoor. The apparels end-use segment is projected to register a CAGR of 3.6% over the forecast period, creating significant incremental opportunity between 2016 and 2026.

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Regional market projections

The global acrylic fibre market is segmented into seven key regions namely, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America, and Middle East & Africa. In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of 4.4% over the forecast period.

While markets in Japan, U.S., and Europe are expected to register a below average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to growing use of acrylic fibre for various applications along with macroeconomic growth of a population driven textile industry in the region.

Key Segments Covered

By Fibre Form:

  • Staple
  • Filament

By Dyeing Method:

  • Acid
  • Gel
  • Undyed

By Blending:

  • Wool
  • Cotton
  • Others

By End Use:

  • Apparels
  • Home Furnishing
  • Industrial
  • Outdoor

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Vendor insights

Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd.

Research and development is being carried out to improvise the properties of acrylic fibre by modifying its inherent characteristics. In order to compete with substitutes of acrylic fibre such as polyester and cellulose acetate fibres, key companies in the APEJ region have invested significantly in R&D initiatives.

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Bromine Derivatives Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2029

A new market research study by Future Market Insights on the global bromine derivatives market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the bromine derivatives market and provides critical insights for the forecast period of 2022-2029.

As per the findings of the report, the global industrial bromine derivatives market is anticipated to experience substantial growth over the forecast period due increasing adoption of bromine compounds in various applications, such as flame retardants, PTA synthesis, oil & gas drilling, and others.

The global industrial bromine derivatives market was valued at ~US$ 4Bn in 2021 and is projected to increase at a CAGR of ~ 3.9% during the projected period of 2022 and 2029. This growth is significantly driven by the expansion of chemical, oil & gas, and other end-use industries of bromine based chemicals.

Significant progress in numerous industry verticals, especially construction and chemicals in developing countries have resulted into increased demand for bromine derivatives. In an attempt to align with the evolving environmental policies, manufacturers are tapping into R&D and innovation space, according to the FMI study.

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Significant Growth Opportunities in Asia Pacific for the Bromine Derivatives Market

Growing stringency of government regulations on the usage of halogenated flame retardants in the U.S., Canada, and EU countries, is a factor expected to decrease the consumption of bromine in these geographies.

However, in developing nations, such as China and India, government policies are not that strict on the use of brominated flame retardants as compared to that in the U.S. and EU member countries.

Alternative Usage of Bromine Compounds in Various Industrial Applications

The global bromine derivatives market has been segmented based on derivative, application, end-use, and regions such as North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania.

  • Consumption of bromine and its derivatives in Asia and BRIC nations is expected to grow steadily due to the underlying growth in end-use industries, such as dye manufacturing, pharmaceuticals, and specialty chemicals, and the shift in the production of consumer electronics from the U.S. and Europe to Asia. Factors mentioned above are expected to position Asia (South & East) as a major lucrative market for players in the bromine derivatives market.
  • Bromine derivatives are used in almost all end-use industries, such as pharmaceuticals, automotive, electronics, and others. Bromine compounds, such as methyl bromide, are mostly used as pesticides in the agriculture sector, owing to its highly active nature even at low temperatures. Over the past few years, bromine is used as a biocide and disinfectant in drinking and wastewater treatment, and swimming pools, respectively.
  • With developing oil drilling technologies, the use of bromine-based drilling solutions, also called brine fluids, are gradually spreading across the U.S., U.K., South East Asia, Africa, Middle East, and others. This is estimated to pave way for the growth of the global bromine derivatives market.

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Bromine Derivatives Market By Category

By Derivatives :

  • Sodium Bromide
  • Calcium Bromide
  • Zinc Bromide
  • TBBPA
  • DPDPE
  • Others

By Application :

  • Flame Retardants
  • Organic Intermediates
  • Oil & Gas Drilling
  • Biocides
  • PTA Synthesis
  • Others

By End Use :

  • Chemical
  • Construction
  • Oil & Gas
  • Pharmaceuticals
  • Electronics
  • Others

Global Bromine Derivatives Market: Vendor Insights

The report signifies some of the prominent market players, who have established themselves as leaders in the global bromine derivatives market. Few examples of key players in the market are Israel Chemicals Limited, Tosoh Corporation, Lanxess AG, Tata Chemicals Limited, Albemarle Corporation, Tetra Technologies Inc., Mil-Spec Industries Corporation, Jordan Bromine Company, Hindustan Salts Limited, Neogen Chemicals Limited, DSL Chemicals (Shanghai) Co. Ltd., and Solaris ChemTech Industries Limited, among others.

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The global bromine derivatives market is considerably dominated by some key players holding major shares of the market. Tier-1 players are collaborating with regional/local companies to increase their bromine-based product portfolio, thus, gaining a competitive edge over their peers.

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Germany Acid Proof Lining Market | | Current and Future Demand, Analysis, Growth and Forecast By 2026

The industrial use of acid proof lining in coating the floor tiles of various manufacturing units is expected to fuel the growth of Germany’s acid proof lining market. The rising necessity of providing durable solutions to industrial infrastructure is observed as a key driver for the growth of the Germany acid proof lining market.

Furthermore, the mounting private equity investments will continue to boost the growth of the Germany acid proof lining market. However, the high costs of veneering industrial surfaces will be a major challenge hampering the demand for expensive yet highly-durable acid proof lining types such as carbon brick coating.

The need for protecting industrial surfaces exposed to corrosive chemicals will continue to influence the demand for acid proof lining in Germany. In 2016, the acid proof lining market in Germany is expected to reach market value of US$ 4,296.2 Mn, at a y-o-y growth of 5.1% over 2015.

The rising incidences of industrial equipment damages owing to the mechanical abrasion is also anticipated to drive the demand for acid proof linings in Germany. On the basis of material-type, the acid proof lining market in Germany will witness the fastest growth in the thermoplastics lining segment.

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In 2015, the thermoplastics lining segment is estimated to have accounted for over 25% of total market share in Germany’s acid proof lining market. By the end of 2016, the share of thermoplastics lining segment is expected to grow at a substantial rate, closing in on the ceramic brick lining market share, which accounted for 34.8% in 2015.

The acid proof lining market in Germany is further segmented on the basis of end-use industries. Owing to the pervasive need of acid proof lining for protection against chemical abrasion, the chemical industries in Germany are expected to dominate the end-user segment with 29.3% market share in 2016.

The water treatment facilities and power generation plants in Germany are also anticipated to fuel the demand for durable acid proof lining. In order to expand the scope of application, the market for acid proof lining in Germany is undergoing reforms that favour manufacturers. Small acid proof lining manufacturers will continue to emerge, owing to the low entry barriers.

The leading companies in Germany’s acid proof lining market will expand their business operations to meet the surging adoption levels of acid proof linings from end-use industrial verticals such as metallurgy, pharmaceuticals, and automotive manufacturing.

The key players of the Germany acid proof lining market include AGRU Kunststofftechnik GmbH, Steuler-Kch GmbH, SKO Säureschutz und Kunststoffbau GmbH, GBT-BÜCOLIT GmbH, Christen & Laudon GmbH Kunststoff – Apparatebau, A-SPT Protective Solutions GmbH & Co. KG, Knapper Oberflächentechnik GmbH, Nittel GmbH & Co. KG, , Hurner-Funken GmbH and Simona AG, among others.

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Key Segments Covered

By Material Type:

  • Ceramic Brick Lining
  • Carbon Brick Lining
  • Tile Lining
  • Thermoplastics Lining
  • Fluoropolymer Lining

By End-use Industry:

  • Power Generation
  • Chemicals
  • Pharmaceuticals
  • Petrochemicals
  • Metallurgy
  • Water Treatment & Processing
  • Others (Automotive, etc.)

Long-term Outlook: The Germany acid proof lining market is projected to register a CAGR of 5.9% during the forecast period 2016-2026. In terms of value, the acid proof lining market in Germany will reach US$ 7.605.3 Mn by end of the forecast period.

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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Textile Flooring Market | Industry Research, Segmentation, Key Players Analysis and Forecast to 2029

A new market research report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.

As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.

The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.

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Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.

Textile Flooring Market By Category

By Material Type :

  • Synthetic Textiles
    • Polypropylene
    • PET
    • Acrylic
    • Nylon
  • Animal Textiles
    • Wool
    • Fur
  • Plant Textiles
    • Grass
    • Sisal

By Product Type :

  • Rugs
  • Carpets

By Technology :

  • Tufting
  • Woven
  • Needlefelt

By Application :

  • Residential
  • Commercial
  • Others (Industrial, etc.)

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Rising Attractiveness of the Asia Pacific Market

The textile industry in the Asia Pacific region has registered substantial growth in the last few years, owing to rising demand from various end-use industries. Strict quality control, advanced production technologies, and customer & fashion-oriented marketing tactics are several dynamic factors attributing to the current boom in the textile flooring market. Along with this, competitive price performance ratio compared to other materials is also boosting the market growth.

Robust growth in the healthcare sector has led to demand for flooring systems for specific application types. Moreover, increasing popularity of ‘artificial grass’ in outdoor lawns and sports fields is expected to further drive sales of textile flooring in the Asia Pacific region during the forecast period.

Synthetic Textiles to Experience High Demand in the Market

A healthy growth trajectory is projected for the textile flooring market. In addition, rising use of synthetic textiles in residential sector is likely to result in increased market share over the forecast period.

  • Synthetic textiles are widely utilized for the production of textile flooring. Synthetic textiles are projected to register significant growth in the global textile flooring market during the forecast period. Synthetic textile-based flooring is one of the key components of interior refurbishment systems used in residential and commercial spaces.
  • Growth of textile flooring based on tufting technology is mainly attributed to the fact that it is the most commonly accepted technology by manufacturers in terms of manufacturing cost, as well as easy installation and ease of use by consumers.

Textile Flooring Market: Vendor Insights

The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market.

Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.

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In terms of market structure and tier analysis, the global market for textile floorings is fragmented with the top 10 players holding a 35%-40% share in the overall market. This is mainly due to the reason that there are a large number of Chinese and other players involved in the manufacturing of textile floorings. Major players in the market are focusing on expansion plans to enhance production capacities and upgrade operations.

The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.

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 7-years.

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Soft Touch Polyurethane Coatings Market | Development Status, Competition Analysis, Type and Application by 2031

Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear.

Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years. They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches.

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The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation. 

Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipment’s. This is expected to bode well with the market growth in upcoming years.

Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

  • North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
  • Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
  • Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
  • Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
  • The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

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“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

Prominent players operating in the soft touch polyurethane coatings market are:-

  • RPM International Inc.
  • The Sherwin Williams Company
  • PPG Industries Inc.
  • Axalta Coating Systems Ltd.
  • Jotun AS
  • AkzoNobel N.V.
  • Aexcel Corporation
  • Sokan New Materials.

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More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

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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Pearlescent Pigment Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights by 2025

According to the latest market report published by Future Market Insights titled “Pearlescent Pigment Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”, Western Europe is the largest consumer of pearlescent pigment and consumption is expected to grow significantly during the forecast period. China holds the maximum share among all the countries and is the largest exporter of pearlescent pigment worldwide.

Consumption of pearlescent pigment globally stood at 116,122 tones in 2015. Global sales revenue of pearlescent pigment has been estimated at US$ 2,705.2 Mn in 2015 and is expected to reach above to US$ 4,000 Mn by 2025. This represents an incremental opportunity of US$ 1,356.1 Mn between 2015 and 2025, characterized by increasing traction of synthetic pearlescent pigment coupled with rising demand from automotive paints application segment.

Pearlescent pigment are manufactured by coating the laminar substrate with metal oxide. These pigment have unique optical properties and are semi-transparent in nature. Pearlescent pigment can be categorized as follows

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Natural pearlescent pigment: substrates used is natural mica

Synthetic pearlescent pigment: substrates used are alumina, silica and synthetic mica

Glass Flake pearlescent pigment: based on borosilicate

Pearlescent pigment find major application in automotive coatings, architectural and decorative paints, powder coatings, plastic industry, paper and printing industry, among others

In the report, FMI suggests the adoption of synthetic pearlescent pigment is gaining traction as compared to natural pearlescent pigment, globally. Manufacturing of synthetic pearlescent pigment customized for specific end use necessities is more feasible in comparison to natural pearl pigment,

Which gives it an advantage over its counterpart. Pigment manufacturers in developed countries, owing to high manufacturing costs and stringent environment control regulations, are shifting their manufacturing bases to developing countries.

  • In December 2015, BASF increased production of high-performance pigment at its plant in Nanjing, China
  • In April 2011, Sudarshan Chemical Industries Limited invested over US$ 20 Mn to upgrade its pigment manufacturing plant at Roha, India, with an aim to cater to growing demand for pearlescent pigment from the automotive and high-end plastics industries

Major players in the pearlescent pigment market are offering pearlescent pigment that are tailored to specific end-use requirements

  • In June 2015, BASF SE expanded its pigment portfolio by adding pigment specifically tailored for automotive applications
  • In March 2012, Geotech International B.V. added two new products in its pigment portfolio, specifically for cosmetics applications.

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Industry players are now inclined towards high degree of customisation of pearlescent pigment by targeting niche application in various end-use industries. Pearlescent pigment are gaining importance in niche segments of product categories.

For example, in the luxury car segment, OEMs are experimenting with colors. This in turn is expected to drive the growth of the pearlescent pigment market globally. With increasing demand for premium paints for commercial, residential and industrial applications, the market for special effect pigment, such as metallic and pearlescent pigment, are expected to provide ample opportunities in terms of growth prospect.

In order to be ahead of its competitors, companies are focusing on customized pearlescent pigment, which are often available in various colors, to meet specific customer requirements. Revenue contribution of APEJ to the global pearlescent pigment market has been estimated to account for about 17.2% share, with developing countries of India and China accounting for major share of exports.

APEJ is anticipated to be the most lucrative market for pearlescent pigment, with sales revenue in China and India expected to increase at CAGRs of 6.6% and 6% during the forecast period. Pearlescent pigment consumption in the ASEAN region increased to a small extent yet witnessed a growth rate of 3.7 % outperforming many countries in the Europe and Americas.

Sales revenue of pearlescent pigment in the U.S. is expected to increase at a CAGR of 2.8% and is anticipated to retain its dominance in North America throughout the forecast period. China has been estimated to account for the highest revenue share of 64.1% for pearlescent pigment in APEJ in 2015. Wide application of pearlescent pigment in premium and luxury class passenger cars is expected to fuel the demand in China.

Moreover, China is expected to be at the forefront, leading the growth of the Asia Pacific pearlescent pigment market during the forecast period. According to the research by FMI, China pearlescent pigment market has witnessed rapid growth in the past couple of decades, and steadily rose to over-capacity of production. This made China the largest exporter of pearlescent pigment globally.

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Some of the key players profiled in the report include Merck KgaA, DIC Corporation, ALTANA AG, Fujian Kuncai Material Technology Co Ltd, CRISTAL, BASF SE, Sudarshan Chemicals Industries Ltd, Shanghai Zhuerna High-Tech Powder Material Co. Ltd, Oxen Special Chemicals Co. Ltd, Huaian Concord Industrial Product Co. Ltd, Zhejiang Ruicheng Effect Pigment Co. Ltd, Sinpearl Pearlescent Pigment Co. Ltd and Kolorjet Chemicals Pvt Ltd, Spectra Colours Ltd, Lansco Colours, Aal Chemicals Ltd.

Merck KgaA, Fujian Kuncai Material Technology Co. Ltd and BASF SE, together, have been estimated to account for almost 1/4th of the market share in 2015.

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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Iron Oxide Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2025

According to a market report published by Future Market Insights titled “Global Iron Oxide market in its latest report titled ‘Iron Oxide Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025’, the long-term outlook on the global iron oxide market is positive with the market value expected to increase at a CAGR of 4.3% during the forecast period, reaching an estimated market size valued at around US$ 1.8 Bn.

Iron oxides are commonly available chemical compounds composed of iron (Fe) and oxides. Iron oxides are mainly used in the form of iron ores, pigments, catalysts, etc. They are produced from both natural and synthetic resources and various types of iron oxides are produced in varying colors.

The iron oxides represented by the chemical formula Fe2O3 are mainly red-coloured and brown-coloured iron oxides. Of the various types of iron oxides, primary iron oxides, consisting of red, black and yellow types are estimated to hold a majority share by value in the global iron oxide market.

The iron oxide market has been analyzed on the basis of product type and application. Among the product type segments, the red iron oxide segment is expected to account for over 40% of the overall consumption of iron oxide, while growing at a significant CAGR in terms of value over the forecast period.

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On the basis of application, the construction materials segment holds a dominant share at present and is estimated to hold a majority share throughout the forecast period.

The consumption of iron oxide in paints and coatings for aesthetic purposes in architectural and automotive industries is also high. The increase in the demand for iron oxide is driven by the growing consumption of raw materials for construction activities, which are further fuelled by the burgeoning rate of industrialization and urbanization.

From a geographical perspective, Asia Pacific excluding Japan, followed by North America and Western Europe, is expected to emerge as the leading market. Asia Pacific excluding Japan, in particular, is expected to exhibit a high growth rate as well as a major share of consumption in the global iron oxide market in the future along with a CAGR higher than the global average.

Increasing industrial base propelled by the consumer demand for related goods and components as well as significant investments and development of urban infrastructure projects spur the demand for iron oxide in Asia Pacific.

The demand for iron oxide is also expected to be driven by industrial development in North America and Western Europe. Other regions are expected to record lukewarm growth levels in the iron oxide market during the forecast period. The iron oxide market is viewed as a high value–moderate growth market by interested stakeholders.

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Key Segment

Product Type

  • Red Iron Oxide
  • Yellow Iron Oxide
  • Black Iron Oxide
  • Orange Iron Oxide
  • Brown Iron Oxide
  • Green Iron Oxide
  • Other Blends

Region

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Latin America
  • Middle East & Africa

Application

  • Construction
  • Paints & Coatings
  • Plastics
  • Chemicals
  • Paper & Pulp Manufacturing
  • Textile
  • Ceramics
  • Leather
  • Others (Fertilizers, Cosmetics, Rubber)

Iron Oxide Market Participants

Some of the market participants identified in the iron oxide market are Lanxess AG, Huntsman International LLC, Cathay Industries, Toda Kogyo Corporation, Alabama Pigments Company LLC, Jiangsu Yuxing Industry and Trade Co., Ltd., Yaroslavsky Pigment Company, Tata Pigments Company and Shenghua Group Deqing Huayuan.

Top 3 players in the global iron oxide market account for close to half of the total iron oxide production globally. Various producers of iron oxide pigments are focusing on the development of new applications to enhance their market share.

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For example, blends of iron oxides are finding application in golf courts. In June 2014, Lanxess AG developed a blend of organic phthalo blue pigment Levanyl “Blue G-LF” and inorganic iron oxide pigment “Bayferrox 91” for the coloration of white sand on golf courts.

Alignment of business operations by reducing cyclical business segments, divesture of non-performing units to optimize scale of iron oxide production, sales and earnings of increased profits are some of the key strategies being employed by prominent market participants in the iron oxide market.

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Hot Melt Adhesives Market | Current Scenario Trends, Comprehensive Analysis & Regional Forecast to 2025

According to the latest market report published by Future Market Insights (FMI) titled “Hot Melt Adhesives Market: Global Industry Analysis and Opportunity Assessment 2015-2025”, the hot melt adhesives market is expected to be valued at US$ 5.4 Bn in 2015 and expand at a CAGR of 5.2% from 2015 to 2025, accounting for US$ 8.9 Bn by 2025.

A hot melt adhesive is a thermoplastic glue that is thermally melted on application and attains adhesion strength upon cooling. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins, which are carefully blended to exhibit different characteristics from base polymers.

Hot melt adhesives are named after polymer bases. Various types of hot melt adhesives include ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers, polyester, etc. Hot melt adhesives are used in several industries including packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and many more.

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Hot melt adhesives are 100% solid thermoplastic materials without any volatile organic compounds, which makes them safe for use in production, transportation, application and storage. They are also environment friendly and safe for use by humans.

Properties such as higher setting speeds and heat resistance and easy disposal gives hot melt adhesives a competitive advantage over water and solvent based adhesives, and is a major factor driving market growth. The setting speed of hot melt adhesives range between 5 and 30 seconds, enabling speedier production lines as compared to conventional adhesives.

In addition, technological advancements in polymer bases are expected to further drive this market. Development of hydrophilic and polyamide hot melt adhesives is also gaining attention in developed countries, thereby driving growth of the hot melt adhesives market.

On the basis of polymer base, the hot melt adhesives market has been segmented into ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers and others. The ethylene vinyl acetate segment is anticipated to account for a major share in the hot melt adhesives market by 2025.

The polyolefin segment accounts for the highest market share across the globe and is expected to witness the highest CAGR of 6.4% in terms of value, during the forecast period (2015-2025). The styrenic block copolymers and ethylene vinyl acetate based hot melt adhesives are anticipated to grow at a steady rate during the forecast period.

On the basis of application, the hot melt adhesives market is segmented into packaging, automotive, construction, healthcare products and others. Others include textile, electronics, paper bonding and footwear. The packaging segment is expected to dominate the market with over 35% share in the global market. Consumption of hot melt adhesives in healthcare products is expected to increase rapidly in the near future.

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Key Segment

By Polymer Base 

  • Ethylene Vinyl Acetate
  • Polyolefin
  • Polyamide
  • Styrenic Block Copolymers
  • Others

By Application

  • Packaging
  • Automotive
  • Construction
  • Healthcare Products
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa

Application in healthcare products is expected to witness a CAGR of 5.4% during the forecast period. Increasing awareness pertaining to hygiene coupled with technological advancements in polymer bases, especially for hygiene, is expected to boost demand for hot melt adhesives during the forecast period.

The report provides detailed information about various trends driving each segment and offers insights and analysis about market trends in specific regions. The report also includes an overview of the parent market and key regulations regarding the application of these adhesives.

On the basis of region, the market is segmented into seven regions.  North America is expected to dominate the market with over 30% share by the end of 2015. In terms of value, Asia Pacific is anticipated to demonstrate the highest CAGR of over 9% during the forecast period.

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Further, the report presents market opportunities, future outlook, trends, BPS analysis, market attractiveness analysis and competitive landscape of the key players in the hot melt adhesives market. Key players have been profiled to include a company overview, financials, operating segment share, product and service offerings, business strategies, SWOT analysis and key developments.

Key players in the global hot melt adhesives market include Henkel AG & Co. KGaA, H. B. Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol S.p.A., Palmetto Adhesives Company and Sealock Ltd.

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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Antimicrobial Additives Market is Projected to Increase at a Healthy CAGR of 8.2 % between 2022 and 2032

It is estimated that the worldwide market for antimicrobial additives is approximately US$12,711.5 million is estimated in 2022. Additionally, with increased use in fabrics, inks, paints, paper, plastic and various other applications, total sales of antimicrobial additives are expected to grow at a healthy CAGR of 8, 2% between 2022 and 2032 with an overall valuation of $27,955.6 million by 2032.

The benefits offered by antimicrobial products include quality enhancement of equipment/materials in terms of resistance towards microbial growth, improved product performance, and durability. Preference towards hygieneic and disposable products and increasing health awareness are other key factors fuelling demand.

Some antimicrobial additives are hazardous to the environment when disposed. Research initiatives by environmental institutions suggest that anti-bacterial chemicals constitute a significant portion of soil and water contaminants. The issue of safe disposal and harmful effects of these additives on the eco-system is identified as a restraining factor for the growth of the global antimicrobial additives market.

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Use of antimicrobial additives in healthcare products, such as medical devices and disposable hygiene products is identified as one of the key trends in the market. Stringent environment regulations have prompted antimicrobial additives manufacturers to innovate and launch new compositions in order to meet the safe disposal and anti-bacterial properties criterion.

Key Segments Covered:

On the basis of applications, the antimicrobial additives market is segmented into paints and coatings, inks, paper, plastics, fabric/textile, silicone and rubber, and other applications. On the basis of the end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end-use industries.

On the basis of regions, the global antimicrobial additives market is segmented into seven key regions, including Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, the Middle East and Africa and Japan.

As of 2014, the plastics application was the largest segment in the global antimicrobial additives market, followed by paints and coatings, and textile. The plastics application segment is projected to remain the largest segment throughout the forecast period, corresponding to incremental $ opportunity of US$ 2,954 Mn between 2015 and 2025.

As of 2014, food and beverages was the largest end-use industry segment in the global antimicrobial additives market, followed by healthcare. Both these segments are expected to offer similar incremental $ opportunity for the antimicrobial additive manufacturers during the forecast period.

As of 2014, Asia Pacific excluding Japan (APEJ) accounted for the largest market value share of the global antimicrobial additives market, followed by Western Europe, North America and other regions. Developing regions including APEJ, Eastern Europe, Latin America and the Middle East &

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Antimicrobial additive Market Segmentation

By Application:

  • Fabric / Textile
  • Inks
  • Paints and Coatings
  • Paper
  • Plastic
  • Silicone & Rubber
  • Others

By End Use:

  • Automotive
  • Building and Construction
  • Electronics
  • Food and Beverages
  • Healthcare
  • Other

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Africa collectively accounted for more than 50% share of the overall market in 2014 and are further expected to gain market share by 2025. The BRICS antimicrobial additives market is projected to account for a significant share of the overall market by the end of forecast period and is anticipated to expand at a promising CAGR of more than 9% during the forecast period.

Some of the key players in the antimicrobial additives market that have been covered in this study include AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd. and Nanobiomatters Industries S.L.

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End Use Industry Analysis:

On the basis of end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end use industries.

In terms of market value, healthcare and food and beverages industry are projected to exhibit above average CAGR during the forecast period, with the remaining end use segments collectively expected to expand at a CAGR of 6.6% during the forecast period.

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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Thermal Insulation Material Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2021-2031

Increasing demand from the construction and automotive industries for temperature control and energy efficiency is expected to fuel the demand for thermal insulation material. According to a new study by Future Market Insights (FMI), the market for thermal insulation material is set to rise steadily with a CAGR of over 4% through the end of the projection period in 2031.

The global demand for thermal insulation materials has rapidly gained traction owing to concerns associated with energy conservation. Strict government regulations associated with emissions from construction and automotive sector operations will drive long-term demand. In building operations, thermal insulation also provides benefits in supporting auxiliary building structures including roofs and flooring.

Niche applications in aerospace structures in addition to investments into smart city infrastructure are providing impetus to investments into product research & development, with a focus on material and design. End-user specific customization of product offerings on the basis of density, thermal conductivity, thickness and more will influence developments in the market for the foreseeable future.

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The growing demand for thermal insulation materials, particularly from emerging economies will offer key growth opportunities. On the other hand, the volatility in the pricing of raw material will challenge the growth of market participants. Market vendors are more likely to focus on the growth prospects in the fast-growing segments, while consolidating their positions in relatively slower-moving products.

Key Takeaways of Thermal insulation material Market Study

  • Thermal insulation material sales to increase at above 4% CAGR through the assessment period.
  • Backed by strong demand from the building and construction sector, insulation for 1ºC to 100ºC will hold the lead in 2021.
  • Continuing issues in terms of energy supplies in the U.K. and Germany markets to register higher growth.
  • United States is projected to record strong demand driven by rising applications in automotive sector.
  • China will emerge as a high potential market, with investments in urbanization and manufacturing efforts in the country.

“Thermal insulation materials find widespread applications in spacecraft, buildings, clothing, mechanical systems, and in automotive offerings among others. Customization on the basis of specific heat capacity, thickness, surface emissivity, thermal bridging, thermal conductivity, and density will support demand as per the requirements of the target area,” Says an FMI analyst.

Developments in Green Construction Set to Drive Growth

According to FMI, thermal insulation material has immense scope for application in the building and construction industry owing to the increased focus in the sector on resource efficient and environment friendly materials. Also, there is a substantial growth in the construction of green buildings around the world owing to volatility in high energy prices, and concerns associated with environmental impact, along with the health and comfort of occupants.

In addition, green building rating systems implemented in developed regions across Europe and North America such as the Leadership in Energy and Environmental Design, are contributing to growth.

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Key Segments

Material Type

  • Stone Wool
  • Fiber Glass
  • Plastic Foam
  • Others

Temperature Range

  • -160°C to -50°C
  • -49°C to 0°C
  • 1°C to 100°C
  • 101°C to 650°C

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
  • Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
  • Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

Who is Winning?

The global thermal insulation material market can be considered as moderately consolidated, with a few leading players accounting for a prominent share of the overall thermal insulation material market. Manufacturers are increasingly focused on investments into research and development aimed towards new product launches.

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Key market participants including BASF SE, Asahi Kasei Corporation, Rockwool International A/S, E. I. du Pont de Nemours and Company, Bayer AG, Berkshire Hathway (Johns Manville), Dow Chemicals Company, Owens Corning, Saint Gobain S.A., and Kingspan Group PLC amongst others are also focusing on consolidating their presence in the global market by entering into strategic industry collaborations with other market participants.

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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