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On the basis of application, the market has been categorised into dietary beverages, ice cream and jellies, dairy products, and confectioneries and baked goods, among others. Demand for dietary beverages was highest among other products in 2013.  The segment accounted for 29.1% of the total market share in 2013 followed by the dairy segment, which stood at the second position with a 24.8% revenue share of the overall diabetic food market in the same year. The ice creams and jellies segment accounted for 18.7% value share of the overall market in 2013, and its share is expected to reach 19.0% by 2020. Both diabetic and non-diabetic consumers are showing interest in diabetic ice creams and jellies with a view to maintain a healthy lifestyle.

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Consumer Awareness Driving Demand for Diabetic Food

Growth of the global diabetic food market is majorly driven by consumer awareness about health benefits associated with low calorie diabetic food products. Furthermore, rising consumer concern about following healthy eating habits coupled with changing food preference is also stimulating the demand for diabetic foods globally. Moreover, growing number of diabetic patients and other health complications associated with diabetes are playing a crucial part in the growing popularity of this market. Currently, consumers are continuously striving for low calorie food products to avoid diabetes, obesity and high cholesterol levels. Furthermore, several food manufacturers are keen on introducing new food products with low fat content in order to attract health conscious consumers.

Region-wise, North America dominated the diabetic food market with 37.5% market share in 2013 in terms of value, followed by Europe. However, the market share of North America and Europe is expected to reduce by 2020. Both the regions are mature markets for diabetic food in terms of revenue. This is one of the prime reasons behind the anticipated reduction in market share of North America and Europe by 2020. Increasing consumer demand for healthy food is one of the major factors boosting the demand for diabetic food products in Asia Pacific currently.

Key players proiled by FMI in the report include Pepsico Inc., Cadbury Plc., Fifty 50 Foods Inc., The Coca-Cola Company, Nestle S.A., Unilever Plc., Kellogg Co., Mars Incorporated, David Chapman’s Ice Cream Limited.

These players are focusing on broadening their distribution channels to improve product availability. Production innovation is also a key strategy in this fiercely competitive market, as companies look to consolidate their position

Key Segments Covered

• Diabetic Food Market
• By Application Type
  • Dietary Beverages
  • Dairy Products
  • Baked Products
  • Ice Cream and Jellies
  • Confectionery
  • Others

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Key Regions/Countries Covered

• North America
  • U.S.
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Scandinavia
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

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According to Future Market Insights analysts, demand for flat panel displays in the manufacturing of smartphones, LED and OLED televisions, and other electronic components is expected to witness a steady growth during forecast period. This in turn is expected to drive growth in the consumption of sputter coating targets during the forecast period. An increasing utilization of renewable energy sources is increasing the demand for solar panels, which in turn is expected to drive the global sputter coatings market growth over the forecast period. Stringent government regulations in North America and Europe regarding the use of low-e glass in commercial as well as residential buildings are expected to boost the demand for metal and element sputter targets. Furthermore, to reduce the heating and cooling cost of automobiles, manufacturers are using low-e glass, which in turn is anticipated to drive the global sputter coatings market growth over the forecast period.

However, low coating efficiency of sputtering technology along with development of alternatives for sputter coatings are expected to hinder the growth of the global sputter coatings market over the forecast period.

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Segmentation highlights

The global sputter coatings market is segmented on the basis of Target Types (Metal and Element, Alloys, Compounds) and Application (Flat Panel Display, Solar Panel, Architectural Glass, Semiconductors, Others).

• The Metal and Element target type segment is expected to register a relatively high CAGR of 4.9% over the forecast period to reach a market valuation of US$ 2,872.1 Mn by the end of 2026
• The Compounds target type segment is anticipated to dominate the overall sputter coatings market during the forecast period to acquire a value share of 60.0% by the end of 2026
• The Flat Panel Display application segment is anticipated to witness the maximum demand, recording an absolute incremental opportunity of nearly US$ 1.1 Bn over 2016-2026. This segment is expected to dominate the global sputter coatings market over the forecast period to acquire a value share of 37.7% by the end of 2026
• The Solar Panel application segment is anticipated to expand with a relatively high growth rate of 5.0% during the forecast period

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Regional market projections

The global sputter coatings market is segmented into five major regions namely North America, Western Europe, Asia Pacific Excluding Japan, Japan, and Rest of the World (Eastern Europe, Latin America, Middle East & Africa). Asia Pacific excluding Japan is anticipated to dominate the global sputter coatings market over the forecast period. Taiwan followed by South Korea and China are expected to dominate the sputter coatings market over the forecast period in the APEJ region. APEJ is estimated to account for a major share of 57.4% of the global sputter coatings market by 2016 end.

Vendor insights

The global sputter coatings market is a fragmented market. Some of the major players in the global sputter coatings market include Materion Corporation, ULVAC, Inc., JX Nippon Mining & Metal Corporation, Heraeus Holding, Honeywell International Inc., Umicore Group, Praxair S.T. Technology, Inc., Tosoh SMD, Inc., Soleras Advanced Coatings, China Rare Metal Material Co. Ltd., JIANGYIN ENTRET COATING TECHNOLOGY CO. LTD., and GRIKIN Advanced Materials Co. Ltd.

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Market Segmentation

By Target Types

• Metal and Element
• Alloys
• Compounds

By Application

• Flat Panel Display
• Solar Panel
• Architectural Glass
• Semiconductors
• Others

By Region

• North America
• Western Europe
• Asia Pacific excluding Japan
• Japan
• Rest of the World (includes Eastern Europe, Latin America, Middle East & Africa)

Acetone market is segmented by grade as high purity grade (≥ 99.5%) and low purity grade (< 99.5%). Among these, low purity grade accounts for the dominant share. Low purity grade acetone is used in the production of agricultural chemicals, paints & coatings, adhesives, rubber processing, plastics & polymers and others while high purity grade acetone is preferred for pharmaceuticals and cosmetics & personal care products. The global Acetone market is estimated to reach a total market value of US$ 10,248.6 Mn by the end of 2031, growing at a rate of 4.9% during the forecast period.

The ongoing COVID-19 pandemic has impacted the global economy to a considerable extent causing severe loss to the industrial as well as to the commercial sector. This trend is observed to be true for the Acetone market growth, which is estimated to slightly dip down in the year 2020 and further is projected to get the desirable growth from first half of 2021.

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Key Takeaways of Acetone Market Study

• Rising at 4.9% CAGR, acetone market will continue registering positive growth between 2021 and 2031
• Expansion of chemicals sector supporting growth in the U.S. market, which accounts for over 84% share in North America
• Recovering industrial applications will enable the U.K. market to register 1 y-o-y growth in 2021
• Germany and France too will showcase positive growth rate as acetone markets within Europe
• China is projected to hold a relatively larger share in East Asia owing to rising demand for coatings in the manufacturing sector

“Acetone manufacturers mostly have integrated plants with phenol and currently the market is oversupplied; however, increasing demand from various industries is anticipated to offset the surplus production during the forecast period” Said by a FMI analyst.

Solvent application accounts for the maximum share of acetone consumption followed by MMA and BPA. Increasing demand for solvents from industries such as paints & coatings adhesives, agricultural chemicals, pharmaceuticals and others is anticipated to drive the demand for acetone in upcoming future. According to the study, it will account for over 35% of sales in the market in 2021, with projections indicating steady increasing over the forecast period.

In terms of end user industries, chemicals segment dominate the global acetone market and same trend is followed by all regions except South Asia & Pacific, where pharmaceuticals dominate the global market. Furthermore, increasing demand for plastics from end user industries such as automotive and constructions is further anticipated to bolster the demand for acetone in upcoming future. Increasing demand for light weight vehicles is anticipated to increase the consumption of plastic per capita and thereby push the demand for acetone during the forecast period.

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Who is Winning?

The global Acetone market can be considered as fairly fragmented, large number of players account for a small share of the total Acetone market. In order to survive in the market, manufacturers are focusing on long-term contracts with raw material suppliers and end users for maximizing profits and ensuring continuous revenue flow.

Key market participants including Ineos Phenol, Altivia Chemicals, Royal Dutch Shell PLC, Sasol Ltd, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fibre Corporation, Cepsa Quimica, SABIC, Honeywell Research Chemicals and Spectrum Chemical Mfg. Corp. amongst others are focusing on increasing their share in global market by entering into strategic acquisitions and collaboration with other market participants. Most of the acetone manufacturers have integrated plants with phenol.

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Acetone Market by category

Grade

• ≥ 99.5%
• < 99.5%

Application

• Solvent
• MMA
• BPA
• MIBK
• Others

End Use

• Chemicals
• Pharmaceuticals
• Cosmetics & Personal Care

Region

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

Innovation in coating technology will continue to open up new avenues of growth in 2016. Shift from solvent-borne technology to waterborne technology will continue to gain momentum, with the former expected to witness a 4.5% year-over-year growth in 2016 over 2015. The water-borne technology segment will witness 6.3% y-o-y growth in 2016 over 2015. Increasing investment by key players in developing economies is also expected to strengthen demand for corrosion protective coatings and acid proof lining materials.

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Polymer coatings will continue to remain the largest corrosion protective coating product type, representing revenues worth 17,597.4 Mn in 2016, an increase of 5.8% over 2015. Ceramic & carbon brick lining will remain the most lucrative product segment in acid proof lining segment, representing 1,068.1Mn in revenues in 2016.

Demand for corrosion protective and acid proof lining materials will remain strongest in Asia Pacific, with the region representing 36.7% revenue share in 2016. Steady pace of construction in the emerging countries of Asia Pacific will continue to create sustained demand for corrosion protective coatings and acid proof lining materials in 2016 and beyond. North America and Eastern Europe will maintain their position as the second- and third- largest market for corrosion protective and acid proof lining materials in 2016. These two regions will collectively account for 33.6% revenue share of the market in 2016.

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BASF Coatings GmbH, PPG Industries, Inc., The Sherwin-Williams Company,    Ashland Inc., Axalta Coating Systems Ltd., Hempel A/S, International Paint Ltd., and Jotun A/S etc. are some of the leading players in the global corrosion protective coatings and acid proof lining market. Concerns on the environmental impact of coatings and acid proof lining materials is influencing leading companies to focus on developing sustainable products — FMI expects this trend to gain further momentum in 2016.

Long-term Outlook: FMI maintains a positive long-term outlook on the corrosion protective coatings and acid proof lining market, anticipating the market to increase at 6.2% CAGR during the forecast period 2015-2025.

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Key Segments Covered

• By End-use Industry
  • Marine
  • Oil & gas
  • Power generation
  • Construction
  • Automotive
  • Transportation vehicles
  • Chemicals
  • Mining & metallurgy
  • Others
•  By Product Type
  • Corrosion Protective Coatings Market
  • Polymer coatings
  • Rubber lining systems
  • Acid Proof Lining Market
  • Ceramic & carbon brick lining
  • Tile lining
  • Thermoplastics lining
• By Technology
  • Solvent-borne
  • Waterborne
  • Powder-based
• Key Regions/Countries Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific Excluding Japan (APEJ)
  • Middle East & Africa

The global industrial bromine derivatives market was valued at ~US$ 4Bn in 2018 and is projected to increase at a CAGR of ~ 3.9% during the projected period of 2022 and 2029. This growth is significantly driven by the expansion of chemical, oil & gas, and other end-use industries of bromine based chemicals.

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

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Significant Growth Opportunities in Asia Pacific for the Bromine Derivatives Market

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

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

Alternative Usage of Bromine Compounds in Various Industrial Applications

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

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

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Global Bromine Derivatives Market: Vendor Insights

The report signifies some of the prominent market players, who have established themselves as leaders in the global bromine derivatives market. Few examples of key players in the market are Israel Chemicals Limited, Tosoh Corporation, Lanxess AG, Tata Chemicals Limited, Albemarle Corporation, Tetra Technologies Inc., Mil-Spec Industries Corporation, Jordan Bromine Company, Hindustan Salts Limited, Neogen Chemicals Limited, DSL Chemicals (Shanghai) Co. Ltd., and Solaris ChemTech Industries Limited, among others. The global bromine derivatives market is considerably dominated by some key players holding major shares of the market. Tier-1 players are collaborating with regional/local companies to increase their bromine-based product portfolio, thus, gaining a competitive edge over their peers.

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Bromine derivatives Market by Category

By Derivatives:

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

By Application:

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

By End Use:

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

The report segments the global engineering plastics market on the basis of Product Type into Polyamides (PA), Polycarbonates (PC), Polyoxymethylene (POM), Polybutylene terephthalate (PBT), Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN), High Performance Polymers, Fluoropolymers, Polymethyl methacrylate (PMMA), and Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.); and on the basis of Application into Automotive and transportation, Electrical and electronics, Construction, Medical, Industrial and machinery, Packaging, and Others (includes furniture and fixtures, sports goods, leisure products, etc.). The Automotive and transportation segment is increasingly inclined towards adoption of engineering plastics products due to their various thermal and mechanical properties. The fuelling demand for engineering plastics is largely from automotive components such as fasteners and supports for chassis and power trains and body panel lens of head lamps as these parts require higher strength materials. Besides mechanical strength, engineering plastics help in reducing the overall weight of the vehicles. Bio-based engineering plastics that help reduce carbon footprint such as polyamides and polycarbonates are also in high demand. Packaging, electrical and electronics, and consumer goods are lucrative segments for bio-based engineering plastics ranging from stiff to flexible grades. Strong market growth is likely to be observed across high performance plastics such as PEI, PEEK, PSU/PES, PCTF, PVDC, PPSU, LCP, PPS.

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A growing use of engineering plastics by end user industries, especially automotive, transportation, and medical industries is expected to drive global demand over the forecast period. Rapid urbanisation, infrastructure development, and increased income levels across various end-user segments are other factors likely to boost the growth of the global engineering plastics market. However, high costs of engineering plastics, increasing use of alternative substitutes, and fluctuations in the cost of raw materials are expected to hamper the growth of the global engineering plastics market over the forecast period.

Global sales revenue of engineering plastics is expected to witness steady incremental growth during the forecast period. In the product type category, the high performance plastics segment is anticipated to register a healthy CAGR of 9.6% between 2016 and 2026, attributed to an increasing application in the medical industry. In the application category, the electrical and electronics segment is estimated to account for 36% value share of the global engineering plastics market by 2016, followed by the automotive and transportation segment (32.1%) and the construction segment (11.1%).

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Engineering Plastics Market: Region-wise Insights

This report also covers trends driving each segment and offers analysis and insights of the potential of the engineering plastics market in specific regions. The APEJ region is expected to exhibit the highest market growth due to an increase in population, income levels, and rapid urbanisation in the region. There is plenty of scope in the APEJ region for manufacturing automobiles, consumer appliances, electronic products, medical devices, industrial, and machineries. The APEJ region is anticipated to register a CAGR of 6.8% between 2016 and 2026 in terms of volume. APEJ is expected to gain substantial market share owing to high demand from India and China, especially in the automotive and electrical and electronics industries. The North America market is expected to register a CAGR of 7.3% during the forecast period, owing to an increasing consumption of engineering plastics in the automotive and transportation industry in the region. In terms of volume, the market share of Western Europe and Japan is expected to decrease substantially over the forecast period, as they are mature markets for engineering plastics.

Vendor Highlights

The report also profiles leading players dominating the global engineering plastics market. Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro, DSM N.V, DuPont, Lanxess, LG Chem, Mitsubishi Engineering-Plastics Corporation, Saudi Basic Industries Corporation (SABIC), Solvay SA, Teijin Limited, Toray Industries, and Victrex PLC are some of the top companies operating in the global engineering plastics market.

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Market segmentation

By Product Type

• Polyamides (PA)
• Polycarbonates (PC)
• Polyoxymethylene (POM)
• Polybutylene terephthalate (PBT)
• Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN)
• High Performance Polymers
• Fluoropolymers
• Polymethyl methacrylate (PMMA)
• Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.)

By Application

• Automotive and transportation
• Electrical and electronics
• Construction
• Medical
• Industrial and machinery
• Packaging

The increase in the consumption of alcohol among women has also fueled the growth of the alcohol market. In addition to this, the growing disposable income of the people and thus the transformed buying and spending pattern of consumers in urban areas specially, will push the growth of the gin market in India. Moreover, the increasing popularity of bar and cocktail culture in urban cities will also drive the gin market in India.

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The report gives a comprehensive analysis of the various factors driving the growth of the Indian gin market as well as those factors that restrict the growth of the market. The impact analysis of the same is also given. The various macroeconomic factors as well as government regulations impacting the gin market are also given. The current trends in the gin market as well as the future opportunities have been analyzed. Based on all these factors, as well as the present and past market value, the future market size is predicted.

One of the trends in the market is the production of gins with local and alternative botanicals. Citrus flavors are expected to become trendy. As numerous craft and classic cocktails make use of spirit, the market will grow for gin. As there is a variety of gin cocktails to select from, gins are becoming increasingly popular among consumers. The report segments the gib market on the basis of key criteria and reveals the leading, declining, most sluggish, and fastest growing segments and sub-segments.

On the basis of product, the global gin market is segmented into economy segment and premium and luxury segment. Of these, the economy segment is estimated to lead and expand at a significant CAGR. The premium and luxury segment will witness a slight rise on account of the growing demand for premium products in the country. On the basis of region, the market for gin is segmented into East, West, North, and South India. Of these, the gin market in South India is leading. In 2015, the Southern India gin market accounted for 34.8%, the western region accounted for 28.2%, and Eastern India accounted for 12.4%. Gin manufacturers are anticipated to expand their business in the Eastern India through tie-ups with regional distributors in the coming years.

The report profiles key players in the Indian gin market for the purpose of study. Following are the leading players in the gin market. Tilaknagar Industries Limited, United Spirits Limited, Jagatjit Industries Limited, Mohan Meakin Limited, Radico Khaitan Limited, Globus Spirits Ltd., SNHL India Pvt Limited, Deejay Distilleries Pvt Limited. Players are focusing on geographical expansion. Innovation is a key strategy among players in this market. Players are investing in research and development and also participating in mergers and acquisitions so as to gain a competitive edge.

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Key Segments Covered

• By Gin Market
• Product Type
  • Economy Segment
  • Premium & Luxury Segment

Key Regions Covered

• North India
• East India
• West India
• South India

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