Fluoropolymer Market will rise at a CAGR of 5.4% over the assessment period between 2021 and 2031

Increasing consumption of fluoropolymer in industrial processing & application is anticipated to create opportunities for growth of the market. According to a new study by Future Market Insights (FMI), over the assessment period between 2021 and 2031, the market will rise at a CAGR of 5.4%.

A fluoropolymer is characterized by high resistance to acids, solvents, and bases. Polytetrafluoroethylene (PTFE) is the most well-known fluoropolymer. It is expected to constitute over half of fluoropolymer sold globally. Fluoropolymers are widely used in industrial processing industries for numerous applications such as heat exchanger coatings, pump impellers, tanks, autoclaves, reaction vessels, flue duct expansion joints, autoclaves, and among others.

Geographically, East Asia is anticipated to dominate the market, accounting for more than one third of market value share. The Fluoropolymer market is estimated to reach a total market value of US$ 12,991.5 Mn by the end of 2031, growing at a rate of 5.3% during the forecast period. Rising demand from end use industries such as industrial processing as well as electrical & electronics are the key factors driving the global Fluoropolymer market during the assessment period.

Due to the COVID -19 crises the automotive and other allied industries has experienced a substantial decline owing to the restriction on trade between the regions, shortage of skilled labor, disruption in supply chain channel and among others. However, the trend is expected to regaining its growing from first half of estimated year and is expected to continue its boost in the near future.

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Key Takeaways of Fluoropolymer Market Study

  • Driven by application across diverse industries, fluoropolymer market is poised to reach US$ 12.99 Bn by 2031
  • Industrial growth will support expansion in the U.S., which is expected to account for over 87% of sales in North America
  • Following a year of set-back in 2020, the U.K. market will recover, exhibiting 3.7% y-o-y growth in 2021
  • Steady growth in Germany and France is expected as fluoropolymer sales continue to rise across various industries
  • China will emerge as a lucrative market within East Asia, accounting for over half of sales registered

“Some of the key players have developed and introduced risk management and business continuity plans during the pandemic situation by broadening their supply chains network geographically. These companies have multi-sourced goods to minimize their dependence on a single supplier, and they have considered an inventory strategy to mitigate supply chain disruptions,” says an FMI analyst

Who is Winning?

The global fluoropolymer market is consolidated. A few of the leading players account for a maximum share of the overall fluoropolymer market. In order to survive in the market, manufacturers are focusing on long-term contracts with end users for maximizing profits and ensuring continuous revenue flow. Key market participants including Mitsubishi Chemical Advanced Materials, AGC Chemicals Americas, Inc., The Chemour Company, Honeywell International Inc., Huntsman Corporation, Daikin Industries Limited, Dongyue Group Ltd., Kureha Corporation, Poly Fluoro Ltd., Amco Polymers, Solvay SA, Saint-Gobain Performance Plastics and others are focusing on increasing their share in global market by entering into strategic acquisitions of medium players and collaboration with other market participants.

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What Does the Future Hold?

Prominent players in the fluoropolymer market across the globe are planning to expand their distribution and sales footprint in Asia Pacific region on the back of easy availability of cost effective raw materials, availability of workforce at economic rate, considerable relaxation in regulations for chemical industries and subsidies in other utilities, expected to positively affect the global Fluoropolymer market in the foreseeable future.

Fluoropolymer Market by category

By Product Type

  • PolytetraFluoroethylene (PTFE)
  • Polyvinylidene fluoride (PVDF)
  • Polyvinyl Fluoride  (PVF)
  • Fluorinated Ethylene Propylene (FEP)
  • Polychlorotrifluoroethylene (PCTFE)
  • Perfluoroalkoxy Polymer (PFA)
  • Others

By End Use

  • Automotive
  • Industrial Processing & Application
  • Healthcare
  • Electrical & Electronics
  • Construction
  • Others

By Region

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

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Electrical Insulation Materials Market are poised to expand at 6.4% CAGR, surpassing US$ 17.53 Bn in 2031

Future Market Insights finds, the global electrical insulation materials market is projected to reach US$ 9.41 Bn in 2021. Increasing application of electrical insulation materials in the electrical and electronics sector for various machines, devices, and equipment is expected to propel sales.

As per the study, the sales are poised to expand at 6.4% CAGR, surpassing US$ 17.53 Bn in 2031. Rising demand for thermosets such as epoxy resins, used in power generation for safeguarding the machines and equipment is favoring the growth in the market.

Consequently, with increasing application in wires and cables, and batteries, demand for electrical wire and cable insulation materials will increase over the forecast period.

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Besides this, consumer preference for cellulose, in the production of insulation boards and sheets for utilization in power and distribution transformers, is creating lucrative growth prospects for electrical insulation materials market players.

Regionally, East Asia is expected to contribute significant share, with China leading the growth in the global electrical insulation materials market. Growth in China is attributable to rising expenditure in innovation and development of new silicon electrical insulation materials for lithium ion batteries.

“Increasing demand for thermoset electrical insulations, coupled with growth in infrastructural investments, will result in high demand for electrical insulation materials over the forecast period 2021-2031,” says an FMI analyst.

Key Takeaways:

By material type, thermosets segment is expected to account for more than 45.5% of total electrical insulation materials market share in 2021.

Sales of electrical insulation materials applied in wires and cables is anticipated to hold nearly 42.8% of the total electrical insulation materials market share in 2021.

The U.S. is anticipated to hold a dominant share of 88.9% of the North America electrical insulation materials market in 2021.

China will remain a lucrative market, creating an incremental opportunity of US$ 2.01 Bn in 2031.

Germany is projected to account for 18.6% in the Europe electrical insulation materials market share in 2031.

China and Japan will hold 21.2% and 5.9% of the global electrical insulation materials market share, respectively, in 2021.

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Competitive Landscape

Leading players operating in the global electrical insulation materials market include Nitto Denko Corporation, 3M Company, E. I. DuPont de Nemours and Company, The Dow Chemical Company, Showa Denko Materials Co., Ltd., KREMPEL GmbH, ITW Formex, Elantas GmbH, Nikkan Industries Co., Ltd, Dr. Dietrich Müller GmbH, and others.

More Insights into the Electrical insulation materials Market Report

In its latest report, FMI offers an unbiased analysis of the global electrical insulation materials 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 material type (thermoplastics, thermosets, ceramics, fiber glass, mica, cellulose, cotton, and others), and application (power transformer, distribution transformers, electrical motors and generators, wires and cables, switchgears, batteries, and others) across six regions (North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East and Africa).

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Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Acid Dyes Market: According to latest research, the demand of Acid Dyes is anticipated to grow with a healthy growth rate of about 4% to 6% in between the coming assessment period of 2021-2031.

2K Coatings Market: According to latest research, 2K Coatings Market is set to witness prominent growth during the period 2021-2031, with a CAGR of more than 5% during the period.

Para-tert-Octylphenol (POTP) Market: According to latest research, the demand of Para-tert-Octylphenol is anticipated to grow with a significant growth rate of about 4.5% to 6.0% in between the coming assessment period of 2021-2031.

Automotive Fabric Market is projected to register an impressive 6% CAGR throughout the forecast period, 2017 to 2022

According to Future Market Insights’ (FMI) latest analysis report, the global automotive fabrics market is projected to register an impressive 6% CAGR throughout the forecast period, 2017 to 2022. The global market for automotive fabrics is estimated to reach roughly US$ 250 Mn in revenues by 2022-end.

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Shifting Focus towards Composite Materials

Demand for safety measures in vehicles have surged significantly over the past few years. Various advancements have been made in the design of airbags, seats, and belts of automobiles, along with improvements in their weight and aesthetic appearance. Automotive fabric play an imperative role in these advancements and improvements, and have gained significant traction across the globe. Leading manufacturers in the market are shifting their focus toward utilisation of light-weight composite materials with properties such as light-weight, advanced adhesive technology, and low moisture content. Composite materials require lesser non-renewable sources for their production, and help in lowering greenhouse gas emissions and petroleum consumption.

Expanding sales of automobiles, increasing purchasing power of people in developed and developing economies, along with rapid urbanisation will further influence growth of the market in the near future. A major hindrance for the market expansion is increasing existence of alternative products such as natural leather, PVC and synthetic leather.

Key Takeaways from FMI’s Report on Global Automotive Fabric Market
  • Europe is anticipated to remain the most lucrative market for automotive fabric, with sales estimated to reach nearly US$ 70 Mn by 2022-end. Dominance of Europe in the market can be attributed to advanced technological developments, higher presence of leading market players, increasing launch of novel products, and development of research centres.
  • Automotive fabric market has huge potential for expansion in Middle East & Africa (MEA) and Asia-Pacific excluding Japan (APEJ) on the back of huge population base, soaring demand for passenger cars owing to increasing disposable incomes, and robust rate of urbanisation. The markets in Japan and Latin America are projected to register the highest CAGR through 2022.
  • On the basis of applications, airbags and floor covering will continue to account for largest revenue shares of the global automotive fabric market during 2017 to 2022. Floor covering is expected to remain the dominant application of automotive fabric, closely followed by airbags. These applications of automotive fabric will register the lowest CAGRs through 2022. In addition, applications of automotive fabric in car roof, tires, and safety belts will register the highest CAGRs through 2022.
  • Woven fabric is expected to remain sought-after among products in the market, with sales projected to account for nearly three-fourth revenue share of the market in 2017. However, woven fabric will witness a decline in its market share by 2022-end. Knitted fabric is projected to remain the fastest expanding product in the market, with sales poised to surpass US$ 30 Mn in revenues by 2022-end. In addition, sales of non-woven fabric will also witness an impressive expansion through 2022.
  • OEM is anticipated to hold its position as the most lucrative sales channel for automotive fabric throughout the forecast period. Revenues from automotive fabric sales in OEM will account for approximately four-fifth share of the market in 2017, and will further experience a slight decline in its market share by 2022-end. Aftermarket will register a relatively faster expansion than OEM in the global automotive fabric market through 2022.
  • Based on vehicle type, compact passenger cars will account for largest share of the global automotive fabric market, in terms of revenues in 2017. By 2022, revenues from sales of automotive fabric in compact passenger cars will gain an uptick in their market share. Light commercial vehicles and mid-sized passenger cars are also expected to remain lucrative among vehicles in the market. Luxury passenger cars are expected to account for relatively lower revenues in the market, however automotive fabric sales in these cars will register an impressive expansion through 2022.

Key companies identified by FMI’s report, who are actively contributing to expansion of global automotive fabric market, include Adient Plc, HYOSUNG, Delcotex Delius Techtex GmbH & Co. KG, SETEX-Textil-GmbH, ACME, and Lear Corporation.

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Market Taxonomy

The report has categorised the global market for automotive fabric based on five key segments viz. vehicle type, application, sales channel, product type, and region. Y-o-Y growth comparison, along with revenue and market share comparison have been used for providing insights on the market numbers related to segmentation analysis.

Region

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

Product Type

  • Woven Fabric
  • Non – woven Fabric
  • Knitted Fabric

Sales Channel

  • OEM
  • Aftermarket

Application

  • Airbags
  • Floor Covering
  • Belts & Hoses
  • Tires
  • Car Roof
  • Safety-Belts
  • Pre-Assembled Interior Component (PRIC)
  • Upholstery
  • Other Applications

Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Construction Chemicals Market will rise at 4.9% between 2021 and 2031

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. Resurgence of activities in the construction, transport & logistics, and mining industries in 2021 will remain major contributors in terms of market recovery. According to FMI, the market will rise at 4.9% between 2021 and 2031.

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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.

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.

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“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

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.

Construction Chemicals Market by Category

Product Type

  • Water Proofing Chemicals
    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
    • Silicone
  • Protective Coating
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Concrete Admixture
    • Plasticiser
    • Retarder
    • Accelerator
    • Air-Entrainer
  • Adhesives & Sealants
  • Asphalt Additives

Application

  • Residential
  • Commercial & Industrial
  • Infrastructure

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,

are pushing for strategic acquisitions and collaborations with other participants to increase market share.

Want to Know More?

Future Market Insights has published a market research report on the construction chemicals market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the construction chemicals market through three different segments- product type, application and region. The construction chemicals market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Metalized Barrier Films Market will register a steady 5% CAGR, to exceed revenues worth US$ 4,000 Mn by 2022-end

A new study by Future Market Insights (FMI) provides a detailed analysis of global metalized barrier films market for the forecast period 2017 to 2022. The global market for metalized barrier films will register a steady 5% CAGR, to exceed revenues worth US$ 4,000 Mn by 2022-end.

All types of flexible packaging have a drawback of permeability, allowing oxygen or other gases to penetrate through them. In order to overcome this challenge, packaging manufacturers came up with metalized barrier films, which enable prevention of internal atmosphere of packaging from getting influenced by the external environment. Metalized barrier films offer more technological benefits to flexible packaging as compared to rigid packaging products, as they offer higher efficiency in insulating the products at affordable prices.

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Manufacturers Focusing on Developing Innovative Products

Leading manufacturers of metalized barrier films are focusing on developing innovative products, such as metalized barrier films with moisture and oxygen protection along with aroma protection. Another example is of stainless steel coated metalized barrier films that are print receptive, making it ideal for variety of graphic applications , thereby providing attractive packaging solutions. Continuous innovations in designs, and testing new materials, technologies and techniques are key strategies adopted by manufacturers for gaining a competitive edge in the market.

High barrier Metalized Barrier Films will Continue to be Sought-after Among Barrier Types

Between ultra-high barrier and low barrier metalized barrier films, the former will register a higher CAGR, while the latter is expected to account for a comparatively larger revenue share of the market during 2017 to 2022. High barrier metalized barrier films will continue to be sought-after among barrier types. In contrast, medium barrier will remain the least lucrative barrier type of metalized barrier films during the forecast period.

Lids, blister pack base webs, and sachets are projected to be the fastest expanding applications of metalized barrier films throughout the forecast period. Revenues from these three applications of metalized barrier films are projected to account for over one-third market share in 2017. Pouches will continue to be the most lucrative application of metalized barrier films, albeit expanding at a comparatively lower CAGR than lids, blister pack base webs, and sachets. In contrast, stretch wrap films are anticipated to remain the least attractive application of metalized barrier films.

Projected to hold nearly two-third market revenue share during the forecast period, food and beverages will continue to be most attractive end-use segment of metalized barrier films. Pharmaceuticals is also expected to be a lucrative end-use segment of metalized barrier films, and will expand at a CAGR of 5% through 2022. Metalized barrier films sales for end-use in electronics are projected to register the lowest CAGR through 2022.

Polyethylene and Aluminium to Remain Most Lucrative Materials for Metalized Barrier Films

Polyethylene and aluminium are anticipated to remain the most lucrative materials for metalized barrier films. Revenues from these two materials are projected to hold over half revenue share of the market in 2017. Sales of aluminium will register a comparatively higher CAGR than sales of polyethylene in the market through 2022.

Europe and North America will continue to be the largest markets for metalized barrier films over the forecast period. Growing demand for packaged beverages and food, along with the presence of numerous supermarkets and hypermarkets is propelling the market growth in these two regions. The market in Asia-Pacific excluding Japan (APEJ) is projected to reflect an impressive expansion through 2022, although accounting for a relatively lower revenue share of the market. This is mainly because of significant expansion of industries such as food & beverage, and pharmaceuticals in the region, particularly in India and China.

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Key companies listed by the report, who are actively operating in the global market for metalized barrier films, include Forum Packaging, SRF Limited, Henkel AG & Co. KGaA, Mondi Group plc, Amcor Ltd., Bemis Company, Inc., Jindal Poly Films Ltd., DUNMORE Corporation Ltd., Polyplex Corporation Ltd., and Uflex Ltd.

Market segmentation

Region

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

Material

  • Polyethylene
  • BOPT
  • Polypropylene
  • Aluminum
  • Polyamide
  • PVDC
  • EVOH
  • Others

End-Use

  • Food and Beverages
  • Pharmaceuticals
  • Electronics
  • Home Care
  • Personal Care

Application

  • Pouches
  • Blister Pack Base Webs
  • Shrink Films
  • Stretch Wrap Films
  • Sachets
  • Lids

Barrier

  • Low Barrier
  • Medium Barrier
  • High Barrier
  • Ultra High Barrier

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Organic Friction Modifier Additives Market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022).

Increasing use of organic friction modifier (OFM) additives for lubrication of automobile, aviation, rail, industrial and energy/ power machinery components is driving its demand across the globe. Future Market Insights (FMI)’s latest report reveals that the global organic friction modifier additives market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022). As per the report, this market is estimated to reach a valuation of over US$ 500 Mn by 2022-end. OFM additives make a massive impact on the tribological attributes of the lubricant, increasing its functionality and efficacy to a significant extent. Moreover, OFM additives ensure smoother mobility of mechanical components, which is critically essential in airplanes, vehicles and several other industrial equipment. There has been a significant increase in demand for OFM additives due to their benefits and overwhelming results. Factors as such are expected to reflect favorably on the global sales of OFM additives over the next couple of years. On the flip side, the growth of global market for OFM additives is expected to be impeded by introduction of more affordable substitutes such as corrosion and oxidation inhibitor anti-wear agents, detergent additives, dispersant additives and oiliness agents among others.

organic friction modifier additives market
Organic Friction Modifier Additives Market

Insights from the Report also include:

Based on additive type, demand for polymers additives will remain relatively high as compared to additives such as fatty acids and esters & amides in 2017 and beyond. Global sales of polymer additives currently account for more than 34% revenue share of the market. In addition, over US$ 170 Mn worth polymer additives are estimated to be sold globally by the end of assessment period, exhibiting an impressive growth. Meanwhile, global sales of fatty acids and esters & amides additives will collective represent for the largest market share over 2022.

Based on end use, OFM additives is expected to remain crucial in automobile lubricants throughout the projection period. OFM additives used in automobile lubricants currently command for nearly 44% revenue share of the market. By the end of 2022, more than US$ 220 Mn worth OFM additives are expected to be used automobile lubricants. Use of additive in industrial lubricant in also projected to increase at a significant rate between 2017 and 2022.

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Among regions, the OFM additive market is the Asia-Pacific excluding Japan (APEJ) region is projected to remain highly lucrative during the forecast period. Currently, the APEJ accounts for the largest market share in terms of revenue and is likely to continue its dominance in 2017 and beyond. Further, APEJ’s OFM additives market is expected to surge at a sound CAGR during 2017 to 2022 and reach a valuation of more than US$ 150 Mn. This mainly attributed to the growing demand for additive in emerging countries such as India and China, as they are undergoing an industrial revolution and experiencing an economic boom. Meanwhile, North America is expected to remain the second largest market for OFM additives over 2022.

Competitive Landscape

Some of the prominent market players profiled in FMI’s report include Dow Chemical Company Limited, Chemtura Corporation (LANXESS Solutions US, Inc.),BASF SE, Eastman Chemical Co., Celanese Corporation, Cargill, Inc., Croda International Plc., International Lubricants Inc., Afton Chemicals Corporation, and Multisol Ltd. Many of these companies are actively focusing on improving product efficacy and expanding production capacity in order to tap the market opportunities. In addition, partnership, collaboration and M&A activities will continue to be a major trend in the market. A majority of market participants are also inclining towards joint ventures and strategic deals to strengthen their sale and distribution network.

Key Segments Covered

Additive Type

  • Polymers
  • Fatty Acids
  • Esters & Amides
  • Others

End User

  • Automobile Lubricants
  • Industrial Lubricants
  • Aviation Lubricants
  • Energy/ Power Generation Lubricants
  • Rail Lubricants

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
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Transportation Coating Market will account for revenues over US$ 12 Bn by 2022-end

Over the past decades, engineered particularly for withstanding mechanical as well as thermal stress, high performance coatings have experienced a substantial adoption in transportation sector. These transportation coating have then been integrated into the vehicle production. The practice of coating surfaces of metal in long haul trailers and trucks with the high-velocity oxygen fuel (HVOF) has been exercised actively in the production of vehicles as well as their components that are used for the purpose of transportation.

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According to Future Market Insights’ (FMI) recently published report, the global market for transportation coating will account for revenues over US$ 12 Bn by 2022-end. The report has projected future of transportation coatings in being important industrial materials for utilisation in the transportation sector for the five year assessment period (2017-2022). The report also delivers analysis on key regional segments, wherein Asia-Pacific excluding Japan (APEJ) has been anticipated to remain the most lucrative market for transportation coatings over the assessment period.

transportation coating market

Sales of Solvent-based Coatings to Exhibit Fastest Expansion through 2022

The report has also analysed the global market for transportation coatings based on the types of coatings. Global sales of solvent-based transportation coatings are estimated to bring in nearly US$ 3.5 Bn revenues in 2017. Projected to account for nearly two-fifth share revenue share of the market, solvent-based transportation coatings will exhibit the fastest expansion throughout the assessment period. Demand for these coatings has been anticipated to rise, owing to their characteristics of being less prone to changes in humidity and temperature.

However, high VOC emissions are associated with manufacturing solvent-based transportation coatings that leads to an environment adversity. This factor has been expected to be a key restraint in adoption of solvent-based transportation coatings. In addition, demand for power coatings is expected to remain steady in the global market for transportation coatings. A robust expansion has been projected for sales of pre-treatment coatings through 2022.

Utilisation of Transportation Coatings from OEMs to Remain a Healthy Practice for Industries in Transportation Business

OEMs are projected to account for approximately half revenue share of the market in 2017, and will further witness a rise in their market share through 2022. OEMs will remain largest end-users of transportation coating. Polymer coatings and epoxies are actively being integrated into the production of vehicle chassis, engine parts, and several other key components. It will remain a healthy practice for industries in transportation business to utilise transportation coatings through OEMs. The end-use of transportation coatings will continue to register the fastest expansion in the heavy-duty truck industry through 2022.

Metal Coating Application to Account for Largest Revenue Share of Transportation Coating Market in 2017

On the basis of application, the plastic coating application has been estimated by the report to exhibit highest revenue expansion throughout the assessment period. More than US$ 3.8 Bn worth of transportation coatings are estimated to be sold for application in plastic coatings by 2022-end. In addition, the report projects the metal coating applications to account for the largest revenue share of the market in 2017. Leading companies of transportation coatings are anticipated to focus on boosting the application of coatings on plastic surfaces. Several players in the market are adopting new techniques of fastening such as elastic bonding. These players are also offering aging resistant adhesives for enhancing performance of transportation coatings.

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Players focusing on Procuring High-quality Raw Material Grades for Transportation Coatings

Key companies profiled by FMI’s report on global transportation coating market include Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, E.I Du Pont De Nemours and Company, Evonik Industries AG, Henkel AG & Co. KGaA, Nippon Paint Holdings Co. Ltd., PPG Industries, Inc., The Dow Chemical Company, and The Sherwin-Williams Company. The market players are focusing on adoption of key strategies for procuring high-quality raw material grades in manufacturing transportation coatings.

Market Taxonomy

Coating Type

  • Water-based
  • Solvent-based
  • Powder
  • Pre-treatment
  • Others

End-user

  • Automotive OEMs
  • Heavy Duty Truck Industry
  • Bus Manufacturers
  • Rail Industry
  • Other End-user

Application 

  • Metal Coating
  • Plastic Coating
  • Carbon Fiber
  • Other Substrates

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Geosynthetics Market is estimated to grow at a CAGR of ~ 10% in the projected period of 2019 – 2029

A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2019-2029. The global geosynthetics market recorded the revenues worth ~US$ 9.4 Bn in 2018 and is estimated to grow at a CAGR of ~ 10% in the projected period of 2019 – 2029.

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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.

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.

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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.

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.

Geosynthetics Market Key Segments

Based on product type

  • geotextile
  • geomembrane
  • geogrid
  • geonet
  • geocomposite
  • geosynthetic clay liner
  • others

Based on material type

  • polyethylene (HDPE/LLDPE)
  • polypropylene (PP)
  • polyester
  • natural fibers
  • others

Based on primary application

  • separation
  • drainage & filtration
  • reinforcement
  • containment

based on the end-use

  • roads (paved & unpaved)
  • railways
  • retaining walls
  • waterworks and waste treatments
  • landfill & erosion control
  • others

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

For additional insights on the global geosynthetics landscape, write to the analyst at press@futuremarketinsights.com

Petroleum – Fuel Dyes and Markers Market is on track to witness a moderate CAGR of 4.4% from 2017 to 2027

Future Market Insights has conducted an in-depth study of the petroleum – fuel dyes and markers market in its recent report titled ‘Petroleum – Fuel Dyes and Markers Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The market is on track to witness a moderate CAGR of 4.4% from 2017 to 2027.

Product Type – Azo Dyes Important for Tracing and Dyeing

The azo dyes segment accounts for more than 60% market share in the petroleum – fuel dyes and markers market by product type and is expected to gain substantial share over the forecast period. Azo dyes are popular because their red colour is quite useful in dyeing and tracing. Azo dyes are poised to gain a massive 220 BPS over the course of the study and this is largely at the expense of all other product types in the petroleum – fuel dyes and markers market.

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Fuel Type – Diesel Consumed Most in Petroleum – Fuel Dyes and Markers Market

Diesel fuel imbibes the maximum amount of markers and dyes as consumables explaining its prominence in the petroleum – fuel dyes and markers market. The markers and fuel dyes used in diesel are anticipated to grow at 4% p.a. over the ten-year study period. Diesel is projected to create an incremental dollar opportunity of more than US$ 360 million between 2017 and 2027.

Technology – Solvent Soluble Dyes Gush Past Water Soluble Dyes

Solvent soluble dyes dominate the petroleum – fuel dyes and markers market in terms of technology and are unlikely to cede this commanding position anytime soon. The solvent soluble dye segment is estimated to have a value of more than US$ 1.3 billion by the end of 2027. Solvent soluble dyes have a higher growth rate primarily because of their solubility in either organic solvents or hydrocarbons. Ongoing R&D and product development should further benefit solvent soluble dyes in the petroleum – fuel dyes and markers market.

Physical Form – Liquid Dyes and Markers Preferred over Powder Fuel Dyes and Markers

Liquid fuel dyes and markers are predicted to register substantial growth and their market attractiveness index is nearly twice that of powder dyes and markers in the petroleum – fuel dyes and markers market. Liquid fuel dyes and markers assist in fuel miscibility considerably whereas powder based fuels and dyes are premixed to enhance fuel solubility. In addition, the handling, safety, and health issues linked to powder-based dyes and markers make them a distant second to liquid dyes and markers in the petroleum – fuel dyes and markers market.

Colour – Key Players Paint with Red in the Petroleum – Fuel Dyes and Markers Market

Red dyes and markers are prominent in the petroleum – fuel dyes and markers market and should barrel past 126,000 tonnes by volume in 2027. The consumption of red dyes and markers is intricately connected to gasoline and diesel segments as these two have a higher demand than other fuel types. Kerosene may offer some scope for red dyes in the future and use of red dyes and markers is governed by U.S rules and regulations.

End Use – Refineries Hold the Key in the Petroleum – Fuel Dyes and Markers Market

The refinery segment has the highest market attractiveness in the petroleum – fuel dyes and markers market and an incremental dollar opportunity of just under US$ 350 million for the period from 2017 to 2027 is waiting to be tapped.

Competition Dashboard in the Petroleum – Fuel Dyes and Markers Market

The companies profiled in the petroleum – fuel dyes and markers market report are Johnson Matthey, The Dow Chemical Company, BASF SE, SGS SA, Innospec, Marquard & Bahls, Pylam Products Company, John Hogg Technical Solutions, SBZ Corporation, United Color Manufacturing, Spectronics Corporation, Mid Continental Chemical, Organic Dyes and Pigments, Orient Chemical, American Gas & Chemical Co., Authentix, AXI International, Axyntis Group, Rodanco, and Sunbelt Corporation.

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Key Insights on the Petroleum – Fuel Dyes and Markers Market

There is a lucrative opportunity with regards to regulations of checking taxed and untaxed diesel fuel worldwide. Some nations use fuel dyes to shade untaxed diesel fuel and vehicles are occasionally inspected for untaxed fuel usage. The use of diesel mandates the use of different dye colours for differentiation. This is sometimes joined with a framework where some vehicles are exempted from tax duties and they are allowed to purchase un-coloured diesel fuel. Thus, there is limitless potential for the petroleum – fuel dyes and markers market in this sector.

Petroleum – Fuel Dyes and Markers Market: Taxonomy

Physical Type

  • Powder
  • Liquid

Technology

  • Water Soluble
  • Solvent Soluble

End Use

  • Refineries
  • Commercial
  • Institutional

Fuel Type

  • Gasoline
  • Diesel
  • Aviation Fuel
  • Fuel Oils
  • Lubricants & Greases
  • Other Distillates

Product Type

  • Azo Dyes
  • Anthraquinone Dyes
  • Ethyl Dyes
  • Fluorescent Dyes
  • Others

Colour

  • Red
  • Blue
  • Green
  • Yellow
  • Orange
  • Region

North America

  • APEJ
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East and Africa
  • Japan

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

Graphite Market value expected to increase at a CAGR of 6.7% during the forecast period 2017– 2027

Future Market Insights delivers key insights on the global graphite market in an updated version of the report and provides historical market size and volume analysis for the years 2012-2016 and forecast up to 2027. Considering the impact of macro-economic factors, relatively lack-lustre growth in certain key graphite consuming countries, and steel production, among others, the graphite market was valued at US$ 15,763 Mn in 2016, as against a market value of US$ 16,128 Mn estimated in the previous version of the report. The long-term outlook on the global graphite market remains positive, with market value expected to increase at a CAGR of 6.7% during the forecast period 2017– 2027. Among product types, Natural and Synthetic graphite are expected to expand at a significant CAGR in terms of value over the forecast period. Among applications, the refractories market continues to be the major application area for graphite. However, increasing demand for electric vehicles globally is anticipated to boost the demand for graphite in future. Sales of graphite is estimated to be valued at US$ 16,740 Mn by the end of 2017. Asia Pacific is estimated to account for a value share of 35.8% in the global graphite market by 2017 end and it is anticipated to retain its dominance throughout the forecast period.

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Global Graphite Market: Segmentation Analysis

  • On the basis of product type, synthetic graphite is expected to dominate the overall graphite market owing to its vast application across key end-use industries. Furthermore, demand for natural graphite is also increasing owing to its increasing adoption in applications such as batteries. Natural graphite segment accounted for 43.3% of the overall volume share in 2016.
  • On the basis of application, the refractories segment is expected to dominate the global graphite market over the forecast period. The segment is anticipated to hold 42.7% of the overall volume share by 2027. The batteries segment is anticipated to be the most attractive segment in the global graphite market with a CAGR of 10.9% over the forecast period.

Global Graphite Market: Regional Analysis

Asia Pacific is expected to dominate the global graphite market throughout the forecast period. The region is anticipated to grow at a CAGR of 8.0% owing to a high demand for graphite related products in the region. Furthermore, increasing demand for electric vehicles, especially in China adds up to the overall high demand for graphite in the Asia Pacific region. North America and Western Europe also account for a significant revenue share owing to a high demand for graphite in automotive applications. Latin America has also shown increasing demand over the past few years. Middle East and Africa is anticipated to show steady growth over the forecast period.

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Global Graphite Market: Vendor Insights

Some of the key players reported in the study of the global graphite market include

  • AMG Advanced Metallurgical Group N.V.,
  • Showa Denko K.K.,
  • Toyo Tanso Co., Ltd.,
  • SGL Carbon SE,
  • Tokai Carbon Co., Ltd,
  • Graphite India Limited,
  • Nippon Carbon Co., Ltd.,
  • HEG Limited,
  • SEC Carbon,
  • Limited,
  • Imerys S.A.,
  • GrafTech International Ltd.,
  • Mersen Group.
  • Fangda Carbon New Material Co., Ltd.,
  • Dongguan Kaijin New Energy Technology Co., Ltd.,
  • Pingdingshan Oriental Carbon Co., Ltd.

Ask us your Any Queries About this Report: https://www.futuremarketinsights.com/askus/rep-gb-874

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

For more information on the global graphite market, write in to Future Market Insights analysts at press@futuremarketinsights.com