Soft Touch Polyurethane Coatings Market is Forecast to Expand at a CAGR of 7.0%, during the end of 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).

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Pearlescent Pigment Market is Anticipated to Reach US$ 4,000 Million by Forecast Period to 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 tonnes 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, characterised 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.

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Iron Oxide Market value is Estimated to Rise with a CAGR of 4.3% during the Forecast Period of 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 will Grow at a CAGR of 5.2%, Reaching US$ 8.9 Billion by end of 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.

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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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Antimicrobial Additives Market is Expected to Grow at a Healthy CAGR of 8.0% during the Forecast Period by 2025

Future Market Insights (FMI) delivers key insights on the Global Antimicrobial Additives Market in its upcoming report titled “Antimicrobial Additives Market: Global Industry Analysis and Opportunity Assessment 2015–2025”.The global antimicrobial additives market is projected to expand at a healthy CAGR of 8.0% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

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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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
  • Other applications

On the basis of end use industry, the antimicrobial additives market is segmented into:

  • Building and construction
  • Healthcare
  • Automotive
  • Electronics
  • Food and beverages
  • Other end use industries

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.

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Thermal Insulation Material Market is Expected to Grow Steadily at a CAGR of more than 4% through the Forecast Period to 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.

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Super Absorbent Polymers (SAP) Market is Anticipated to Expand at 4.8% CAGR between Forecast Period of 2021 and 2031

The growing awareness of healthcare & personal hygiene among people across the world is one of the leading factors enabling growth in the global super absorbent polymer (SAP) market. As per Future Market Insights (FMI) analysis, the market is expected to expand at 4.8% CAGR between 2021 and 2031.

The chemical industry has registered significant growth in past few years and growth is expected to be continue over the near future. Owing to the increasing applications of super absorbent polymers in medical sector and agriculture sector, the SAP market is expected to reach a valuation of US$ 9.18 Bn in 2021.

Growing demand from the application of the super absorbent polymer in chemical sector will drive growth through 2021-2031. North America, Europe, and East Asia are the key markets for super absorbent polymers. Of these, East Asia is expected to remain dominant, accounting for over 28.5% of the market by 2031.

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Super absorbent polymers or otherwise known as hydrogels are high weight, loosely cross linked polymer chains that are formed through the process of polymerization of acrylic acid and sodium acrylate/acrylamide. Due to the excellent property of absorbing, they are specifically used in the feminine hygienic items and diapers. Besides this, they are used in construction, packaging, and in the agricultural sector to help retain moisture in the soil.

Key Takeaways from Super Absorbent Polymers Market Study

  • Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2021
  • Sales in the U.K. is expected to increase by 3.7% in 2021, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
  • Germany, France, and Russia will remain lucrative pockets for sales within Europe.
  • China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
  • Application in disposable diapers is expected account for 76.1% SAP sales in 2021.

“Increasing awareness regarding healthcare & personal hygiene products is expected to spur to super absorbent polymer sales,” said a lead analyst at FMI.

Super Absorbent Polymers Market by Category

By Product Type

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

By Application Type

  • Disposable diapers
  • Adult Incontinence Products
  • Feminine Hygiene Products
  • Agriculture Products
  • Others

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Super Absorbent Polymers Market: Participant Insights

Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation. In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

What Is the Impact Of COVID-19 Crisis On Super Absorbent Polymers Market?

The global market was impacted by the mandated lockdowns in many nations. During the pandemic, limited manufacturing and transportation-related delays owing to travel restrictions posed challenges to the market. These factors had a negative effect on the market.

Thus the market for super absorbent polymers registered restricted growth amid COVID-19 pandemic because to the lockdown enforced by several nations, as well as reduced manufacturing efficiency due to manpower shortage.

The global increase in COVID-19 cases, on the other hand, fuelled the demand for hygiene and medical goods and solutions. Super absorbent polymers are commonly utilized in the production of diapers and wipes, demand for both of which increased in hospitals during the pandemic.

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Super Absorbent Polymers Market Key Points Covered

  • Super Absorbent Polymers Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Super Absorbent Polymers Market and How to Navigate
  • Recommendation on Key Winning Strategies

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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India Construction Chemicals Market is Expected to be Worth of US$ 21.7 Billion by end of 2031

Primary application of construction chemicals is to improve strength, durability, and workability of construction chemicals. The robust expansion of the Indian real estate sector and increasing investments in commercial and residential construction projects will fuel the demand in the India construction chemicals market.

As per Future Market Insights’ analysis, the India construction chemicals market is anticipated to reach a value of US$ 21.7 Bn by 2031 end, expanding at a CAGR of 13.6% during 2021-2031.

Commonly used construction chemicals in India includes admixtures, water proofing chemicals, adhesives and sealants, protective coatings, and asphalt additives. The demand for construction chemicals is largely driven by affordable housing residential projects, in addition to infrastructure projects initiated by the government. Foreign direct investments are also likely to boost the sales in the country over the coming years.

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However, the ongoing crisis caused by COVID-19 virus, has resulted in a short-term slump of production and distribution chains in the industry. Raw materials required for the production of construction chemicals are manufactured by chemical companies, which experienced a downturn during the pandemic as the supply chains were disturbed due to strict lockdown restrictions.

Furthermore, the construction sector in India was highly impacted by the pandemic, as ongoing and upcoming construction projects have been delayed or cancelled.

Key Takeaways from India Construction Chemicals Market Study

  • India Construction Chemicals Market will continue expanding, reaching a valuation of US$ 21,642 Mn by 2031, primarily driven by infrastructure investments.
  • Water proofing and protective coatings collectively holds more than 50% of the market share in the country’s market, with impetus provided from renovation and repair applications.
  • Governmental spending in the construction chemical sector has risen by approximately 1.8 times owing to the “Make in India” scheme for infrastructure and industrial development.
  • North and South India account for 30% of the overall Indian construction chemicals market each, with major investments into smart city projects.
  • The COVID-19 outbreak has resulted the construction industry in India coming to a standstill. As such, the construction chemicals market experienced a CAGR of -12.6% in 2020.

“The India construction chemicals market has a highly fragmented vendor landscape, which has resulted in fierce competition in the market. However, demand for construction chemicals in the country is likely to rise with increasing urbanization and subsequently rising demand for urban residential construction projects through the end of 2031,” said an analyst at FMI.

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Construction Chemicals Market Key Segments

By Product Type:

  • Concrete Admixtures
    • Plasticizers (lingo, SNF, PCE)
    • Accelerators
    • Retarders
    • Air Enterainers
  • Waterproofing Chemicals
    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
    • Silicone
    • Acrylic Polymers
    • SBR – Styrene-butadiene
    • Cementitious Membrane
    • PU Membrane – Liquid-applied Membrane
    • Crystalline
    • Additives in Waterproofing
  • Protective Coatings
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Adhesives & Sealants
    • Adhesives
      • Tile Adhesives
      • Tile Grouts
    • Sealants
  • Concrete Repair Mortar
  •  Plaster
  • Asphalt Additives

 By Application:

  • Infrastructure
  • Commercial & Industrial
  • Residential

Who is Winning?

The India construction chemicals market will remain fragmented due to strong presence of local players. Leading players are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Some of the key manufacturers of construction chemicals in India are BASF SE (Master builder Solutions), Pidilite Industries, The Dow Chemical Company, RPM International Inc., Mapei S.P.A., Magicrete Building Solutions pvt. Ltd., GCP Applied Technologies Inc., Akzo Novel N.V., Sika AG, Chembond Chemicals Ltd., Flowcrete India Ltd., Fosroc Holdings U.K. Limited, MC-Bauchemie, Balmer Lawries & Co. Ltd., Cera-Chem Pvt. Ltd., Choksey Chemicals Pvt. Ltd., MYK LATICRETE India, CICO Technologies Limited, Ardex Endura, KERAKOLL India Pvt. Ltd., and Saint-Gobain S.A. among others.

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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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Biogas Market is Projected to Develop at a Consistent 6.80% CAGR over the Forecast Period from 2021 to 2031

As per a Future Market Insights (FMI), the global biogas market is projected to grow at a steady 6.80% CAGR over the forecast period from 2021 to 2031. The overall market size is expected to top US$ 61.2 Bn by 2031, with the U.S., Germany, India, and China emerging as key producers and exporters of biogas.

Shifting focus on renewable sources of energy to reduce fossil fuel dependency is a chief factor driving sales of biogas across various countries. In addition to this, governments in several countries are promoting the adoption of biogas as vehicular fuel, which is expected to augment growth of the market through 2031.

Sales prospects of biogas were dampened due to COVID-19 outbreak. However, with resumption in trade activities, recovery of the biogas market is on cards. FMI has projected demand for biogas to grow year-over-year by 7.10% globally between 2020 and 2021.

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The introduction of circular economy and increasing utilization of anaerobic digestion plants for biogas production are expected to emerge as lucrative trends in the biogas market. A circular economy promotes the reintroduction of wastes in the supply chain, improves waste management, and provides essential lipids for biogas production.

Apart from this, increasing adoption of biogas as vehicular fuel is also expected to fuel growth of the market. Countries such as Germany, Sweden, the U.K., and the U.S. are actively investing in biogas as an alternative to biofuels. This, in turn, is expected to push sales of biogas over the assessment period.

“Growing demand for biogas for household cooking applications, along with government-backed subsidies encouraging the usage of biogas in emerging economies are expected to bode well for the global biogas market through 2031,” says an FMI analyst.

Key Takeaways:

  • Based on source, the municipal segment is expected to expand at a steady pace over the forecast period, due to increasing utilization of municipal solid waste (MSW) for biogas production.
  • In terms of applications, sales of biogas in the electricity segment are projected to continue rising in response to growing demand for renewable sources of energy.
  • The U.S. will emerge as a lucrative biogas market, with sales growing at a 6.10% CAGR in the North America region.
  • Germany will continue exhibiting high demand for biogas due to stringent regulations regarding carbon neutrality. The Europe biogas market is poised to grow at a 5.90% CAGR through 2031.
  • China is expected to remain one of the key producers and exporters of biogas, accounting for a dominant share of the global biogas market.
  • Japan and South Korea will collectively account for 7.40% of the total biogas market share in 2021.

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Biogas Market by Category

By Source:

  • Agriculture
  • Municipal
  • Industrial and Others

By Application:

  • Electricity
  • Heat
  • Vehicle Fuel and Others

Competitive Landscape

Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, and Greenlane Biogas are among the leading players operating in the global biogas market.

As per FMI’s analysis, top 5 players comprising Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and EnviTec Biogas AG are projected to hold around 27.10% of the total biogas market share in 2021.

Leading players operating in the biogas market are focusing on production facility expansions through mergers, acquisitions, and collaborations. This is expected to assist manufacturers in gaining a competitive edge in the market.

For instance:

  • In October 2021, EnviTech Biogas AG announced a strategic collaboration with BALANCE Erneuerbane Energien GmBH to build a bio-LNG (liquified natural gas) liquefication plant in Germany.
  • In December 2020, Scandinavian Biogas Fuels International AB, a key producer of biogas in the Nordics, announced that it has finalized the acquisition of Ekdalens Biostransport AB. The acquisition is a part of Scandinavian Biogas’s plans to achieve greater integration across the entire value chain, from organic waste to biogas and bio-fertilizers.

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More Insights into the Biogas Market Report

In its latest report, FMI offers an unbiased analysis of the global biogas market, providing historical data for the period of 2016-2020 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 source (agriculture, municipal, industrial, and others), and applications (electricity, heat, vehicle fuel, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & 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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Oil Soluble Flavors Market Sales Footprint, Macroeconomic factors, Background and Evolution in Cost structure-2029

This Oil Soluble Flavors market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.

Oil Soluble Flavors Market: Regional Analysis:

The market for oil soluble flavors is expected to witness lucrative demand in developing as well as developed countries. North America is dominating in the oil soluble flavors market and it is leading in terms of both production and consumption. Europe and the Asia Pacific are expected to increase the demand for oil soluble flavors due to the growing food and beverage market and baking industry.

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In the Europe region, the major oil soluble flavors are U.K, Ireland, Netherlands, and Denmark. Increasing the awareness of nutritional food & healthy lifestyle is increasing the demand for oil soluble flavors. Consumers prefer natural and organic flavors without any additives and chemicals. Manufacturers of oil soluble flavors are investing in research and development and launching innovative products as per consumers’ needs and convenience.

Oil Soluble Flavors Market Outlook:

Oil soluble flavors are concentrated, high heat stable and clear. Various oil soluble flavors are available in the market such as almond, vanilla, chocolate, apricot, coffee, butter, cream, honey, and hazelnut, etc. Majorly oil soluble flavors are suspended in a soy oil base. An oil soluble base suspension is superior to alcohol because it is a neutral carrier than alcohol. Moreover, oil does not create any second flavor so it is useful to maintain the original flavor of the food product.

Oil soluble flavors are widely used in the baking and confectionery industry as it helps to give a superior taste as well as the unique aroma. It helps to improve the texture of the food product. Rising demand for oil soluble flavors and a rising number of small, medium and large scale manufacturers across the world are the reasons for growing the intensive competition in the oil soluble flavors market.

To maintain the position in oil soluble flavors market companies are manufacturing uncommon and innovative flavors in the oil soluble flavors with multiple benefits. Manufacturers are focusing on creating natural and organic oil soluble flavors which are recently in trend and helping to increase the demand.

Increasing Demand For The Food & Beverage Industry Helping To Boost The Demand For Oil Soluble Flavors

The increasing awareness of mindful living and nutritious food is increasing rapidly. The consumers are becoming health-conscious and only prefer natural and organic products which are beneficial for their health. The health-conscious consumers avoid the food products which includes the chemical and additives because it may harm the health such as food poisoning and allergies etc. Nowadays consumers check the ingredients before buying any product.

Manufacturers are producing natural oil soluble flavors due to which the demand for the oil soluble flavors is increasing. The oil soluble flavors are widely used in the sauces, baked products, candies, ice creams, pasta, pizzas, and packed foods.

Oil soluble flavors add delicious flavor and unique fragrance to the food product which attracts the customer to buy the product. The consumption of baked food products, pizza, pasta, ice creams, and other confectionery products is increasing which is boosting the demand for oil soluble flavors. Oil soluble flavors are available in the liquid as well as powder form. Oil soluble flavors are used in the lip balms as well as perfumes for the unique aroma.

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Oil Soluble Flavors Market: Key Participants

  • Bickford Flavors
  • Flavor West
  • Lorann
  • Perfumer’s Appentice
  • Natures flavors.com
  • Flavor Concentrates
  • Newport Flavors & Fragances
  • Wizard Labs
  • Goldcoast Ingredients. Inc.
  • Apex Flavors Inc.
  • Prinova
  • Capella Flavors
  • Le Melange

The research report presents a comprehensive assessment of the oil soluble flavors 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 product type, application, and end use.

The report covers exhaustive analysis on:

  • Oil soluble flavors market Segments
  • Oil soluble flavors market Dynamics
  • Oil soluble flavors market Size
  • Oil soluble flavors Supply and Demand
  • Current Trends/Issues/Challenges pertaining to oil soluble flavors market
  • Competition Landscape and Emerging Market Participants in oil soluble flavors market
  • Technology related to Production/Processing of oil soluble flavors.
  • Value Chain Analysis of the oil soluble flavors market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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.

Oil Soluble Flavors Market Segmentation:

On the basis of nature, the oil soluble flavors market is segmented into:

  • Natural
  • Conventional

On the basis of source, the oil soluble flavors market is segmented into:

  • Orange
  • Blueberry
  • Cinnamon
  • Lemon
  • Mango
  • Grape
  • Others

On the basis of form, the oil soluble flavors market is segmented into:

  • Liquid
  • Powder

On the basis of end use, the oil soluble flavors market is segmented into:

  • Food Industry
  • Sauces
  • Dressings
  • Baked goods
  • Flavoring frostings
  • Flavored oils
  • Roasting nuts
  • Pastas
  • Candies
  • Ice creams
  • Packed Food
  • Beverage Industry
  • Cosmetic & Personal Care Industry

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On the basis of distribution channel, the oil soluble flavors market is segmented into:

  • B2C
  • Hypermarkets/Supermarkets
  • Independent Groceries
  • Specialty Stores
  • Convenience Stores
  • Online Retailing
  • Others
  • B2B

Report Highlights:

  • Detailed overview of parent market
  • Changing dynamics of the oil soluble flavors market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in oil soluble flavors market
  • Competitive landscape of the oil soluble flavors market.
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective oil soluble flavors market performance
  • Must-have information for oil soluble flavors market players to sustain and enhance their market footprint.

Read Some other Report:

https://pdfhost.io/v/.9q.ERXKPu_Food_Flavors_Market_

https://www.spoke.com/topics/natural-food-flavors-market-recent-trends-key-companies-dynamic-innovation-in-technology-and-insights-2022-2032-63073fff1053be1f07037d7b

https://medium.com/@abhinay_30028/natural-food-flavors-market-recent-trends-key-companies-dynamic-innovation-in-technology-4f0c7a04d42b

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 6 years.

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