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Owing to growth of packaging, print & specialty coatings consumption specialty silica consumption has increased. Besides this, the demand from inks & coatings Industry also will buoy growth in upcoming years.  Other notable end uses of specialty silica include plastics, food & beverages, electrical & electronics components & insulation, personal care product additive, agricultural & feed, consumer products and others.

• The global specialty silica market is anticipated to expand at a CAGR of ~4.8% by during the forecast period of 2021-2031
• The U.S. is expected to account for nearly 80% sales in the North America market
• Growth in U.K. is expected to recover 2021 onwards. FMI projects it to exhibit 4.7% Y-o-Y growth in 2021, after going downhill in 2020
• Growth trends are expected to remain favorable in Germany and France too
• Within East Asia China will emerge as a key market, exhibiting high growth. CAGR exhibited by Japan and South Korea as well is expected to remain positive through the forecast period

 “Demand from rubber industry will continue to fuelling the demand for specialty silica. Though the significant drop in automotive industry output production rate during the last two consecutive fiscals have impacted the consumption of tires; however, the market growth is expected to gain traction in upcoming years. Additionally product innovation involved in specialty coatings will spur the demand of specialty silica.” says a FMI analyst.

Market Landscape to Remain Fairly Consolidated

Specialty silica market is understood to be fairly consolidated, with leading players included viz. Solvay SA, Huber Engineered Materials, Madhu Silica Pvt. Ltd, Evonik Industries AG and PPG Industries, Inc, Akzo Nobel NV, Cabot Corporation, Wacker Chemie AG, Nalco Holding Company, Qingdao Makall Group Inc and others account for the prominent share in the market. To gain competitive advantage in the market, market participants have been involving in production capacity expansions, merger, and acquisition activities with regards to consolidation of business footprint.

Specialty Silica Market by Category

By Product Type

• Precipitated
• Fumed
• Fused
• Silica Gel
• Colloidal

By Application

• Rubber
• Plastic
• Ink & Coatings
• Electrical & Electronics
• Agricultural & Feed
• Food & Beverages
• Personal Care
• Others

By Region

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

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Key Questions Answered in the Report
Which is the most lucrative market for Specialty Silica?
Which are the most common Specialty Silica?
Which end-use application is demanding the highest requirement of Specialty Silica?
Which are some of the leading companies providing Specialty Silica?
Which product type is driving sales of Specialty Silica?

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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. 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.

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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 equipments. 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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Key Questions Answered in the Report
What is soft touch polyurethane coatings market size?
At what rate did the soft touch polyurethane coatings market expand in the last five years?
What are the key trends shaping the soft touch polyurethane coatings market?
Who are the key exporters of soft touch polyurethane coatings across the globe?
What is the North America soft touch polyurethane coatings market outlook?
Who are the leading companies in soft touch polyurethane coatings market?
What is the cumulative share of top companies in soft touch polyurethane coatings market?
At what rate will soft touch polyurethane coatings sales increase in Europe?
Which are the top countries driving soft touch polyurethane coatings market demand?
What are the key statistics for soft touch polyurethane coatings market in Japan and South Korea?

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• Low temperature flowability and clean operation at elevated temperatures, make esters the preferred base stock in formulating lubricants for aviation, automotive, as well as general manufacturing industries.
• Esters have also proven their worth in enhancing the overall mechanical efficiency, driving their largely prominent usage in automotive lubricant applications.
• Conventionally, countries in Europe account for a sizeable share in the global esters marketplace. China is also noted to potentially remain a game changer with its large-scale consumption of esters, which is expected to create opportunity worth billions of dollars by the end of the forecast period. This growth can predominantly be attributed to the rising polylactic acid production in the region.
• With esters being significantly consumed as solvents in chemicals, food, and textile industries, the market for esters in China is expected to have a robust growth outlook throughout the forecast period.
• Increasing demand for greener products is largely prevalent in the chemicals industry. This has influenced the esters marketplace as well, with formulators, downstream manufacturers, as well as governments introducing environmental-friendly measures. Such initiatives are bolstering the demand for bio-based or naturally-sourced products.
• Certain ester types such as polyol esters are adapted to formulate lubricants for high-performance applications.

With rising demand for esters from several end-use industries such as chemicals, food, and textiles, manufacturers are engaging in capacity enhancements. Rising prominence of contract manufacturing has been emerging as a notable trend in industry as it offers an economically-viable option for voluminous production of commoditized products to cater to growing demand.

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Acrylic esters, also known as acrylates, have a variety of uses, of which a significant volume of Methyl Methacrylate (MMA) is consumed as a monomer for the production of Polymethyl Methacrylate (PMMA). The demand from these uses is noted to be on a rise and is further expected to positively sway growth in terms of consumption as well as revenue generation.

This study sheds light on key market players, which account for a significant share in the market. The esters market study also encompasses a global as well as regional market structure analysis. Some of the market participants identified in the global esters market include Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Cargill, Inc., The Procter & Gamble Company, and Lanxess AG, among others.

Limited Threat of Substitutes in Esters Market

The consumption of esters is chiefly driven by the rising demand from end users. With a minimal number of alternatives available, esters are anticipated to remain irreplaceable in their application areas. Being one of the essential raw materials in the formulation of several products, esters are expected to witness market expansion in tandem with the growth witnessed by its end uses.

Esters Market: Segmentation

Product

• Dibasic Esters
• Polyol Esters
• Methyl Esters
• Nitrate Esters
• Vinyl Esters
• Phosphate Esters
• Acrylic Esters
• Sucrose Esters
• Fatty Acid Esters

Application

• Lubricants
  • Automotive Lubricants
  • Aviation Lubricants
  • Industrial Lubricants
  • Marine Lubricants
  • Food-grade Lubricants
• Solvents
• Plasticizers
• Fuel and Oil Additives
• Flame Retardants
• Insecticides
• Explosives
• Surfactants
• Flavoring Agents

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End-Use Industry

• Chemicals
  • Plastic and Polymers
  • Soaps and Detergents
  • Explosive
  • Paints and Coatings
  • Agrochemicals and Domestic Hygiene Products
  • Pharmaceutical
  • Industrial Chemicals
• Food
• Automotive and Aviation
• Marine
• Textiles
• Cosmetics and Personal Care Products
• General Manufacturing

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According to the report, the Middle East 3D printing materials market is projected to register a CAGR of 16.7% in terms of value during the forecast period 2015-2025; volume-wise, the market is expected to increase at CAGR of 11.2%.

Setting up of various 3D printing manufacturing units, along with emergence of many 3D printing technology-based start-ups in the region, is expected to bolster overall growth of the industrial manufacturing sector in the Middle East.

3D printing materials market is witnessing increasing adoption among consumers across the globe. As the trend is shifting largely towards developing regions, 3D printing materials is witnessing impressive growth in Middle East regions.

During the last few years, the Middle East regions have witnessed setting-up of various 3D printing manufacturing companies. The trend is likely to continue over the next 10 years owing to availability of low cost raw materials along with increasing manufacturing output in these regions.

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Middle East 3D Printing Materials Market Segmentation

Middle East 3D printing materials market is segmented on the basis of filament, application, diameter type, and region.

On the basis of filament type, the market has been segmented into ABS, PLA, HIPS & PVA, Nylon, PET, ceramics and others. In terms of value, PLA filament segment was estimated to account for 22.3% share of the Middle East 3D printing materials market in 2015. This segment is projected to register a healthy CAGR of 16.7% during the forecast period. Metal filament segment is witnessing significant growth and is expected to record sustainable growth in the near future.

On the basis of application, the market has been segmented into electronics & consumer, automotive, medical, industrial, education, aerospace and others. Electronics and consumer application segment is expected to register impressive CAGR of 12.6% in terms of value.

Adoption rate of 3D printing technology in the manufacturing sector in GCC is around 11%, which is above average when compared to global adoption rate. Government initiatives to set up 3D manufacturing labs across various sectors, along with increasing awareness among manufacturers regarding operational cost profit, have led to the emergence of many new 3D printing start-ups in the region.

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Also, increasing demand for cost-effective replacement organs in the healthcare sector has led to increasing adoption of 3D printing technology in healthcare applications.

In terms of value, the healthcare industry in GCC is expected to expand at a CAGR of 13.4% during the forecast period. This is expected to create significant demand for 3D printing technology in the region. Though Middle East 3D printing materials market is expected to witness impressive growth in the region, high cost of 3D printing materials along with no uniform design or manufacturing capabilities is a major cause for concern for increase in overall demand for 3D printing materials.

This report covers trends driving growth of each segment and offers analysis and insights of the potential of the 3D printing materials in all the countries covered under Middle East. Market in Levant countries are expected to remain dominant throughout the forecast period. This is primarily due to presence of some of the international players in the region along with well-established manufacturing sectors in the region. Levant is mainly driven by Israel and Turkey.

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Middle East 3D Printing Materials Market – Key Players

Key players in the Middle East 3D printing materials market include 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co., Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC and MatterHackers Inc.

A large number of players operating in the 3D printing materials market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence in Middle East countries. Moreover, it also enables companies to increase product visibility across the region. Companies are focusing on instilling competitive capabilities to strengthen their market presence in the region.

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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

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

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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.

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.

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Stringent regulatory landscape is expected to adversely impact growth of the global pearlescent market during the forecast period. Over the last few years, some small and medium-scale companies have opted out of the pearlescent pigment market due to the high costs involved in safeguarding regulatory compliance. In addition to this, cost of pearlescent pigment is relatively high in developed regions of North America and Western Europe as opposed to China and India in Asia Pacific, where pearlescent pigment is available at a relatively cheaper price, due to low cost of labour and wide availability of raw materials such as natural mica.

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.

Manufacturers have their key focus on enhancing their production capacity, both by commencing operations in new production facilities, or by adding new lines in existing sites. The key motive is to have a global presence, either physical, or through exports. However, it has been observed that pigment manufacturers in developed countries, due to high manufacturing costs and stringent environment control regulations, are shifting their manufacturing bases to developing countries.

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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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