Market Research Blog

According to Future Market Insights (FMI), the driving protection gear market is expected to reach US$ 10.5 Bn by 2029 from UUS$ 7.7 Bn in 2022 In terms of revenue, the market is poised to increment at a CAGR of 5.5% during the forecast period 2022-2029.

Over the years, growing concerns regarding road safety, increasing demand for superbikes, and rising motorsports popularity across the world have influenced the demand for driving protection gears. High competition for protective apparel from the unorganized sectors is a threat to the market growth.

Notwithstanding, the surging rate of mishaps and accidents have prompted a strong need to improve driving safety. Subsequently, governments across the globe are mandating the use of protective equipment such as helmets, gloves, and clothes, especially while riding two wheelers.

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Online and Offline Distribution Channels to Promote Market Growth 

FMI study finds that sales of driving protection gear through offline distribution channels will continue to influence growth strategies. However, sales via online channel is likely to grow at a CAGR of 5.1% through to 2029. Growing consumers’ preference for shopping online along with availability of wide range of products at reasonable prices is boosting sales of driving protection gears. Rapid penetration of e-commerce along with the manufacturers’ strong focus towards multi-channel strategy is further expected to influence the driving protection gear market growth.

Smart Helmet: The Next-Generation Gadget

A rise in the number of deaths on road due to accidents has potentially raised the demand for helmets. In order to resolve the issue, manufacturers are developing smart helmets embedded with Bluetooth and sensors that can detect the rider’s speed. These developments have increased the demand for helmets, creating a market size of US$ 2.2 Bn in 2018.

Across APAC, rise in the sales of premium motorbikes and superbikes has fueled the growth of the driving protection gear market. Besides, with an increase in the need for other protective gear, gloves and elbow protections are also expected to emerge as top selling products in the marketplace.

Europe’s Driving Protection Gear Market to Reach US$ 2.2 Bn by 2029 

A rising number of electric vehicles, premium motorbikes, and sports cars in Europe are catapulting the driving protection gear market. France and Italy are projected to collectively generate higher revenue by the end of 2029, driven by increasing sales of premium bikes.

Nevertheless, East Asia and South Asia are indicating a strong increase in the demand for driving protection gears, due to rising production of two-wheelers in China and India. However, greater adoption of two wheelers in Middle East & Africa (MEA) and Latin America is expected to contribute to market growth.

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Key Players Prioritize Product Innovations  
FMI opines that growth prospects for the driving protection gear are high in Europe. The high concentration of key players in France and Italy and their focus on increasing the production of smart protective gear is emerging a strategic move. Furthermore, the global driving protection gear market indicates a consolidated competition, with key players focusing on product innovation as their key strategy.

Key Segments of Driving Protection Gear Industry Survey

Driving Protection Gear Market by Product:

• Helmets
• Armors
• Gloves
• Knee Protection
• Elbow Protection
• Others

Driving Protection Gear Market by Material:

• Leather Driving Protection Gear
• Synthetic Driving Protection Gear
• Natural Fiber Driving Protection Gear

Driving Protection Gear Market by Vehicle:

• Driving Protection Gear for Two Wheelers
• Driving Protection Gear for Four Wheelers

Driving Protection Gear Market by Consumer Group:

• Driving Protection Gear for Men
• Driving Protection Gear for Women

Driving Protection Gear Market by Distribution Channel:

• Online Sales of Driving Protection Gear
• Offline Sales of Driving Protection Gear

Driving Protection Gear Market by Region:

• North America Driving Protection Gear Market
• Latin America Driving Protection Gear Market
• Europe Driving Protection Gear Market
• East Asia Driving Protection Gear Market
• South Asia & Pacific Driving Protection Gear Market
• Middle East & Africa (MEA) Driving Protection Gear Market

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About Future Market Insights (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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The global boron trifluoride & complexes market sales are anticipated to be valued at ~US$ 270.7 Mn by the end of 2022, witnessing a strong Y-O-Y growth of ~4.5% over the year 2021, finds a recent study published by Future Market Insights.

Asia Pacific excluding Japan is projected to hold more than half of the market value share by end of 2022 and grow with a significant CAGR in the near future, opines the study.

Boron trifluoride is amongst the strongest Lewis acids (electron pair acceptor), and therefore, it finds application as a catalyst for a number of organic synthesis reactions including polymerization, alkylation, isomerization, and other chemical synthesis reactions.

A number of polymer derivatives are being made in the presence of boron trifluoride as a catalyst such as polypropylene and polyethylene. Boron trifluoride gas and its complexes are also being used for manufacturing rubber and other elastomeric polymers, which are increasingly being used across a number of end-use industries.

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Moreover, boron trifluoride is also used for the synthesis of different range of hydrocarbons such as aromatic hydrocarbons, unsaturated hydrocarbons, alcohols, phenols, and many others.

With growth in oil and gas and petrochemical industries in the region, through shale gas extraction, there has been tremendous growth in hydrocarbons synthesis and other chemicals, which use BF3 as a major catalyst during reaction. This, in turn, is driving the demand for boron trifluoride & complexes in the market, opines the FMI study.

The study also finds that the demand for boron trifluoride (BF3) gas and di ethyl etherate are anticipated to grow with significant CAGRs in terms of value during the forecast period.

Furthermore, the applications of boron trifluoride & complexes as catalysts are projected to grow with a healthy CAGR owing to the huge demand generated from synthetic reactions such as polymerization, alkylation, isomerization, and other chemical synthesis.

Stringent Regulations on Manufacturing of Boron Trifluoride & Complexes Could Hinder Growth

Boron trifluoride, especially in the gaseous form, is considered to be a hazardous, toxic, and very corrosive substance. Therefore, there are a number of regulations pertaining to its manufacturing, transportation, labelling, exposure limit, labelling, and others.

Packaging and transportation of the gas is done under extremely high pressure and is a major challenge for manufacturers, distributors, and end users as well. Moreover, for using boron trifluoride in the gaseous form, there must be an appropriate unloading facility at the consumers’ end.

Which is leading to many of the end users using boron trifluoride in the complexes form. This factor is estimated to hinder the global boron trifluoride market by the end of the forecast period.

Boron Trifluoride & Complexes Market by Category

By Type:

• BF3 (Gas)
• BF3 Tetrahydrofuran Complex
• BF3 Methanol Complex
• BF3 Diethyl Etherate Complex
• BF3 acetonitrile Complex
• Others

By Application:

• Catalyst
• Chemical Intermediate
• Others

By End Use:

• Polymer and Petrochemicals
• Pharmaceuticals
• Electronics
• Agrochemicals
• Others

By Region:

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

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Boron Trifluoride & Complexes Market: Vendor Insights

The boron trifluoride & complexes market is fairly fragmented due to the presence of manufacturers at the regional level. Few of them included in the global boron trifluoride & complexes market report are – BASF SE, Air Liquide, Praxair Technology, Inc., Honeywell International Inc., Matheson Tri-Gas Inc., Gulbrandsen, Entegris, Inc., The Linde Group, Stella Chemifa Corporation, Hunan Heaven Materials Development Co., Arkema, ZIbo Shuanglian Petroleum & Chemical Co., Ltd., NAVIN FLUORINE INTERNATIONAL LIMITED, Qingzhou Chenkai Chemical Co., Ltd., ZIbo Shuanglian Petroleum & Chemical Co., Ltd., and Tanfac Industries Ltd.

Companies are focusing on mergers and acquisitions of big and small players in the market for expansion of sales and to gain competitive leverage over other players. For instance, in October 2016, the Honeywell International Inc. acquired the Research Chemicals Business from Sigma-Aldrich. The acquisition enabled the company to offer a broad line of inorganic chemicals and solvents for demanding applications.

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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The global market of fatty amines is anticipated to reach a value of US$ 4,724.4 Mn by the end of the forecast period, opines Future Market Insights (FMI). The need for different agrochemicals including pesticides and fertilizer is rising owing to the growing food necessity.

While the demand for agrochemicals is rising in developing nations such as India and China, the demand for fatty amines is predicted to surge, especially across Asia Pacific. Hence, to get the maximum yield from the available arable land and to enhance the quality, agrochemicals are being used.

The consumption of fatty amines in agrochemicals is high as it is extensively manufactured by using renewable sources such as vegetable oil, animal fats & so on, which benefit the soil, environment & output.

Key manufacturers are anticipated to witness lucrative growth opportunities as its consumption in end use sectors such as agrochemicals, food & beverage and others is increasing. To fulfil the demand, players are more focused on production capacity expansion, mergers & acquisitions activities that will boost their sales.

With the implementation of new technology and innovations, prominent players are emerging in developing countries, with the increase in the flow of foreign direct investment, collaborative projects, and monetary benefits.

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“Growing demand for agrochemicals & water treatment chemicals are expected to propel the sales of fatty amines in the forecast period,” says an FMI analyst.

Key Takeaways:

• The global market of fatty amines is projected to witness a CAGR of 9% during the period of 2022 and 2032.
• China is anticipated to remain one of the prominent markets in the global market of fatty amines, with sales expected to reach about US$ 986.1 Mn by end of 2032.
• By product type, tertiary fatty amines segment is expected to remain one of the fastest-growing segment and expand at a CAGR of 5.7% during the forecast period.
• By end use type, agrochemicals, and water treatment chemicals are anticipated to account for more than 43% of demand share in global fatty amines market by 2032.

Competitive Landscape

Key market players are involved in the fatty amines market which include Clariant AG, Albemarle Corporation, Akzo Nobel N.V., Evonik Industries AG, Kao Corporation, Arkema S.A., Eastman Chemical Company, Solvay S.A., E.I. du Pont de Nemours & Co., Procter & Gamble Company, Lonza Group Ltd, Indo Amines LTD, Sterling Auxiliaries Pvt. Ltd., Nouryon, Wuxi Zhufeng Fine Chemical Co., Ltd., NOF COORPORATION and Other.

For instance

• On June 27, 2022, Evonik Industries made a technical collaboration with Ag Tech, an agribusiness innovation hub in Brazil, to enhance its regional agribusiness network.
• On Feb 28, 2022, Kao Corporation decided to establish a new tertiary amines plant in Texas, the USA to strengthen its chemical business.

Fatty Amines Market Segmentation

By Product Type:

• Primary Amines
• Secondary Amines
• Tertiary Amines

By End-Use:

• Agrochemicals
• Water Treatment
• Construction
• Oil field Chemicals
• Personal Care
• Textile Industry
• Others

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More Insights into the Fatty Amines Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global fatty amines market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (primary, secondary & tertiary), end-use (agrochemicals, water treatment, personal care, construction, oil field chemicals, textile industry & others), and region.

About Future Market Insights (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 favour 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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A new research publication titled “Carboxymethyl Cellulose Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights focusses on various market developments, trends, growth drivers and forecasts across important regions. A detailed market segmentation is carried out that explores every angle of the carboxymethyl cellulose (CMC) market.

Several factors have contributed to the growth of the global carboxymethyl cellulose market. Increase in the upstream exploration for unconventional sources of energy, growth in end use industries to fuel demand, new product development, economic growth, high industrial growth and merger activities in the petrochemical sector.

Rising adoption of carboxymethyl cellulose in different applications, rising demand for carboxymethyl cellulose in the personal care and food and beverages industry, increasing focus towards reduction in production costs, technologically advanced manufacturing infrastructure.

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Superior properties of carboxymethyl cellulose based products, growing pharmaceutical and personal care industries and growth in oil drilling operations are expected to drive the growth of the global carboxymethyl cellulose market during the assessment period.

However, high prices of cosmetic products, slump in the oil and gas industry, increasing competition among local manufacturers, and stringent environmental regulations are expected to hamper market revenue growth during the forecast period.

Global Market for Carboxymethyl Cellulose (CMC): Segmental Snapshot

The global carboxymethyl cellulose market is segmented on the basis of grade type, application and region.

• By grade type, high purity segment is estimated to be the largest with a high market share. This is a highly potential segment from both revenue and growth perspectives. It is projected to grow at a CAGR of 5.5% during the forecast period.
• By application, food and beverages segment followed by detergent segment are expected to highly contribute to the growth of the global market. The food and beverages segment is projected to grow at the fastest pace in the coming years.
• By region, the carboxymethyl cellulose market in Asia Pacific excluding Japan (APEJ) is estimated to grow at a high CAGR to reach a significant valuation during the assessment period.

Global Market for Carboxymethyl Cellulose (CMC): Competitive Landscape

The research report on the carboxymethyl cellulose market includes competition analysis. Several aspects such as SWOT analysis, product portfolio analysis, mergers and acquisitions, growth strategies, key developments, key personnel, company overview, key financials and expansion plans of the top companies are covered in this chapter.

Major companies such as CP Kelco, The Dow Chemical Company, Ashland Global Holding Inc., Anqiu Eagle Cellulose Co., Ltd., Wealthy Chemical Industry (Suzhou) Co., Ltd., Shanghai Shenguang Edible Chemicals Co., Ltd., Akzo Nobel N.V., Nippon Paper Industries Co., Ltd., Lamberti S.p.A, Xuzhou Liyuan cellulose Technology Co. Ltd., Daicel Finechem Ltd., Química Amtex, S.A. de C.V., DKS Co. Ltd., Ugur Seluloz Kimya AS, Mikro Technik GmbH and Patel Industries are featured in this research report.

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A detailed market segmentation

By Application:

• Food and Beverage
• Detergent
• Paper and Pulp
• Oil Field Drilling Fluid
• Cosmetic and Pharmaceutical
• Paint and Coating
• Others (Construction, Mining, Textile etc.)

By Grade:

• High Purity Grade (99.5% +)
• Technical Grade (90%-99.5%)
• Industrial Grade (50%-90%)

Global Market for Carboxymethyl Cellulose (CMC): Forecast Highlights

The research report on the carboxymethyl cellulose market reflects future market projections describing the growth direction of the market. The global carboxymethyl cellulose market is projected to grow at a high CAGR of 5.2% throughout the period of assessment and is estimated to reach a valuation of more than US$ 2 Bn by the end of the year of assessment from a value of around US$ 1.4 Bn in 2017.

Food and beverage segment to cement its dominance over the period of forecast

The food and beverage segment in the application category is anticipated to grow at a faster rate to reach a high market valuation of more than US$ 870 Mn by the end of the assessment year (2017) from a value of around US$ 480 Mn in 2017.

This segment is projected to grow at a stellar 6.1% value CAGR during the period of forecast. With respect to volume, the food and beverage segment is the leading segment with high number of units produced every year.

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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“Chitin Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” a new analytical research report published by Future Market Insights covers various aspects of the global market for chitin.

The report reveals analysis on end use industries using chitin for various applications. It lays emphasis on opportunities for growth in the chitin market along with key factors pushing the growth of the global market.

Chitin market is categorised on the basis of derivative type, by its application in various end use industries and by region. The various facets of the global market across important geographies are monitored. The impact of factors change from region to region thus changing the course of the chitin market in that particular region.

This gives a brief idea about the market potential for chitin in various regions that key stakeholders can use to plan future expansion. The comprehensive research study portrays a realistic picture of the global chitin market by including a weighted market segmentation along with forecast projections for a period of 10 years from 2017 till 2027.

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Global Chitin Market: Competitive Scenario

The research report on the global chitin market covers analysis on various key players operating in the market. The list includes major companies such as Wellable, SHANDONG LAIZHOU HIGHLY BIO-PRODUCTS CO.Ltd., Yaizu Suisankagaku Industry Co., Ltd., Zhejiang Aoxing Biotechnology Co., Ltd., Bayir Extracts Pvt. Ltd., Golden-Shell Pharmaceutical Co. Ltd., Bio21, Panvo Organics Pvt Ltd., Tidal Vision, Primex ehf, Meron Biopolymers, Heppe Medical Chitosan GmbH, CarboMer, Inc., DALIAN XINDIE CHITIN CO.,Ltd., Kunpoong Bio Co. Ltd., Advanced Biopolymers AS and Mahtani Chitosan Pvt. Ltd.

Global Chitin Market: Growth Influencing Aspects

Increasing use in the agrochemical industry, rising shrimp waste generation, increasing awareness regarding the benefits of chitin based products in several end use industries, growing use of chitin in various applications in the healthcare industry, increasing production and consumption of chitosan and glucosamine (derivatives of chitin), and a growing use of chitosan in the beverage industry are few of the drivers that are fuelling the growth of the chitin market across the globe.

However, the market is not devoid of challenges. Hindrances such as non-conformance to halal food standards, increase in pricing, low effectiveness of chitin based medicines as compared to non-chitin based medicines, high overhead costs associated with the production of chitin and adulteration are certain factors restricting the growth of the global chitin market.

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Market Segmentation

The research report on global chitin market covers weighted market segmentation that covers every angle of the market.

By Derivative Type:

• Glucosamine
• Chitosan
• Others

By End Use Industry:

• Food and Beverages
• Agrochemical
• Healthcare
• Cosmetics and Toiletries
• Waste and Water Treatment
• Others

Global Chitin Market: Segmental Outlook

The global chitin market is segmented by end use industry, by derivative type and by region.

• By region, Asia Pacific excluding Japan (APEJ) is the largest. The chitin market in the APEJ region is estimated to reach a high value of a little over US$ 1 Bn by 2027 end. This region is highly lucrative for the growth of the chitin market. Chitin market in APEJ is projected to grow at a high value CAGR of 13.9% during the forecast period.
• By derivative type, the glucosamine segment reflects high value and is expected to reach US$ 1,840 Mn by 2027 end. The chitosan segment is expected to grow at a higher CAGR during the said period.
• By end use industry, the healthcare segment is the largest in terms of both value and volume. This segment is projected to grow at the highest rate in the coming years to register a CAGR of 14.2% in terms of value.

Global Chitin Market: Future Market Projections

The global chitin market is expected to reach a valuation of just under US$ 2,942 Mn by the end of the assessment year in 2027 from a valuation of around US$ 893 Mn in 2017, with an exponential value CAGR of 12.7% throughout the period of forecast (2017 – 2027).

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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The global automotive refinish coatings market is expected to grow at 5.4% CAGR over the assessment period of 2021-2031. Rising automobile sales across the globe is expected to fuel the demand for automotive refinish coatings over the forecast period.

Rise in per capita income of vehicle owners and increasing purchase of luxury cars among middle-income customers will present attractive scope for the growth of the market. Growing sales of luxury cars have resulted in high demand for solutions for the maintenance of their appearance and performance. This will drive the sales of automotive refinish coatings in the coming years.

On the flip side, stringent restrictions imposed on the use and production of certain coatings owing to their high VOC content might hamper the growth of the overall market over the forecast period.

The COVID-19 pandemic also had hampered sales within the automotive refinish coatings industry.  The automotive refinish coatings market will however recover as vehicle production picks up pace in emerging countries post withdrawal of stringent pandemic restrictions.

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Key Takeaways:

• Global automotive refinish coatings market is expected to reach a value of US$ 10.7 Bn by the end of 2031.
• Water based coatings segment is expected to gain more traction compared to solvent based coatings as vehicle owners show higher preference for sustainable solutions.
• Asia Pacific excluding japan is expected to dominate the global automotive refinish coatings market.
• Demand for automotive refinish coatings will total US$ 1.05 Bn in the U.S. in 2021.
• Germany will account for dominant 38% share in the Western Europe market for automotive refinish coatings.

“Increasing vehicle fleet on road coupled with growing willingness among vehicle owners to spend on aftermarket services are propelling the demand for automotive refinish coatings. To capitalize on existing opportunities, market players are expected to focus on strategic collaborations and product launches,” says a FMI analyst.

Competitive Landscape         

Key market participants are focusing on mergers and acquisitions strategies, coupled with on product development by investing in research and development to boost their market presence. They are also increasing their production capacity to enhance their annual turnover. For instance:

• In 2021, Axalta coatings systems announced the successful completion of acquisition of U-POL Holdings Limited. U-POL Holdings Limited is a leading supplier of Paint, Protective coatings, accessories primarily for the automotive aftermarket.
• In 2021, Axalta Coatings launched its brand new range of coatings specially designed for electric vehicles. The coatings have various advantages such as enhanced performance, durability, safety and various others.
• In 2021, Sherwin Williams announced its strategy to acquire industrial coatings business of Sika.

Some of the leading players profiled in the report are  Axalta Coating Systems, LLC, 3M Company, AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Dow Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Covestro AG, KAPCI Coatings, NOVOL Sp. Z o.o., KCC Corporation, Bernardo Ecenarro S.A, SEM Products, Inc., Sheboygan Paint Company, Cresta Paint Industries Ltd., Alps Coating Sdn. Bhd., NOROO Paint & Coatings Co., Ltd., DSM Coating Resins B.V., WEG SA, The Lubrizol Corporation, Guangzhou Zhenroumei Chemical Coating Limited, HMG Paints Ltd., James Briggs Limited, Reichhold LLC, TOA Performance Coating Corporation CO., Ltd., Yashm Paint & Resin Industries, Allnex Group, Samhwa Paints Industrial Co. Ltd., U.S. Paint Corporation, BASF SE and various others.

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Automotive Refinish Coatings Market by Category

By Material Type:

• Polyurethanes
• Acrylics
• Alkyd

By Product Type:

• Primer
• Base Coat
• Top Coat
• Clear Coat

By Technology:

• Solvent Borne
• Water Borne
• UV Cure

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By End Use:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excl. Japan
• Japan
• 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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The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.

Construction chemicals play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market.

The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the market through the projection period.

The ongoing Covid-19 pandemic impacted the global economy and the construction sector considerably, with project delays and cancellations causing substantial losses. This trend created a short-term decline in demand for construction chemicals in 2020, while a steady recovery is expected through 2021.

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Key Takeaways of Construction Chemicals Market Report

• The global construction chemicals market reached US$ 39 Bn in 2020, and is estimated to rise at over 5% CAGR through the assessment period.
• China will continue to reflect strong growth, accounting for more than 66% of the market in Asia Pacific excluding Japan.
• The United States will continue to rise strongly, exhibiting over 5% CAGR in 2021.
• Within Western Europe, Germany and the U.K. will remain key markets, driven by urbanization and smart city infrastructure projects.
• Demand from China and India will continue to rise on account of government infrastructure and housing initiatives.

“The demand for construction chemicals can be largely attributed to rapid world population growth, and major investments into urbanization. The importance of infrastructure to global economy, especially for developing markets, and applications in residential projects, and affordable housing policies will influence the industry in the long-term,” said an FMI Analyst

Construction Chemicals Market by Category

Product Type

• Water Proofing Chemicals
• Protective Coating
• Concrete Admixture
• Adhesives & Sealants
• Asphalt Additives

Application

• Residential
• Commercial & Industrial
• Infrastructure

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Japan
• Middle East and Africa (MEA)
• Asia Pacific excluding Japan

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Who is Winning?

Major manufacturers are increasingly pushing for the expansion of production and distribution activities to emerging economies in Asia and Africa. This shift can be attributed to easier access and lower costs of manpower and raw materials. Also, relatively relaxed regulations associated to the chemicals sector will positively influence the market.

Market Landscape: Competitive

The global construction chemicals market is moderately consolidated, with the presence of varied regional players. Manufacturers are increasingly focused on the optimization of assets including expansions and divestitures to maximize profits and set up sustainable revenue streams.

Key market players including BASF SE, GCP Applied Technologies, SIKA AG, The DOW Chemical Co., RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, and Guangzhou Jointas Chemical Co. Ltd., are pushing for strategic acquisitions and collaborations with other participants to increase market share.

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

The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

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APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future. 

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

Geosynthetics Market by Category

Product Type:

• Geotextile
• Geomembrane
• Geogrid
• Geonet
• Geocomposite
• Geosynthetic clay liner
• Others

Material Type :

• Polyethylene (HDPE/LLDPE)
• Polypropylene (PP)
• Polyester
• Natural fibers
• Others

Primary Application:

• Separation
• Drainage & filtration
• Reinforcement
• Containment

End-use :

• Roads (paved & unpaved)
• Railways
• Retaining walls
• Waterworks and waste treatments
• Landfill & erosion control
• Others

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Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geopipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

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Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

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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According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials, the demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry.

Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe. Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions.

Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering. High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022.

Corrosion Protection Polymer Coating Market: Upsurge in Oil & Gas End-use

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion. From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers.

In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase. While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period.

Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

Additional insights from the report:

• In 2017, corrosion protection polymer coatings made of vinyl esters and flake-filled vinyl esters will contribute to less than 4% share on global revenues, albeit, their demand over the forecast period will grow vigorously
• Through 2022, the demand for epoxies is slated to decline, registering a sluggish revenue growth at a CAGR of 4.2%
• Between 2017 and 2022, powder-based corrosion protection polymer coatings are likely to create an incremental opportunity of a little over US$ 650 Mn
• During the forecast period, the global demand for corrosion protection polymer coating in waterborne form will rise at a robust pace
• Asia-Pacific excluding Japan (APEJ) region will be the largest market for corrosion protection polymer coating, and will be valued at US$ 7.1 Bn by 2022-end
• Throughout the forecast period, Europe’s corrosion protection polymer coating market is assessed to record a sluggish growth

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Market Taxonomy

A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Type

• Epoxy
• Polyurethane
• Alkyd
• Acrylic
• Fluoropolymer
• Vinyl Ester & Flake-filled Vinyl Ester

End Use

• Marine
• Oil and Gas
• Power Generation
• Construction
• Automotive
• Transportation
• Chemicals
• Mining & Metallurgy
• Others

Form Type

• Solvent-borne
• Waterborne
• Powder-based

Companies to Watch

The report also anticipates that companies, namely BASF Coating GmbH, Polycorp Limited, STEULER – KCH GmbH, Koch Knight LLC, Akzo Nobel NV, Axalta Coating Systems, Jotun A/S, Ashland Global Holdings, Inc., PPG Industries, Inc., and The Sherwin Williams Company will remain active in the global market for corrosion protection polymer coatings through 2022.

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.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com