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The fabric of the Grignard Reagents market is changing fast.  The new innovative, eco-friendly nature is enhancing its market acceptance and creating a new room for growth. The global boom in the pharmaceutical industry and a swell in the population of breast cancer patients is also favouring the market expansion of Grignard based chemicals. The adaptive and versatile nature of Grignard Reagents are also giving a proper face-lift to this niche market. The shipment of the chemicals is done with utmost care as they are highly reactive.

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Segmentation analysis

The Future Market Insights market review on the Grignard Reagents market unleashes several new unknown aspects of the steadily dilating market. It’s a smart and crisp comprehensive study of the Grignard Reagents market across the regions of NAFTA and Europe. The report gauges the market potential and also unveils the scope of growth for the Grignard Reagents market in the coming decade.

• Nature friendly feature of Grignard Reagents will help expedite market expansion within the forecast period
• The market is dissected into three application categories – Stabilisers, Catalyst and Others. Amongst the three the Others segment will showcase a promising CAGR growth of 3.5% within the forecast period of 2016-2026
• Agrochemicals and Flavour and Fragrances segments are expected to hold 27.8% of the total market share by the end of 2016
• The Research end user segment will swell at a value CAGR of 3.8% by the end of 2026

Regional analysis

The Grignard Reagents market has grown significantly in the NAFTA and Europe regions. The market insight reveals that the Grignard Reagents market will swing out better results from the NAFTA region in the forthcoming years. The market of this region will expand manifold within the forecast period and it will witness a CAGR of 4.5%. The market will mature and the total value of the Grignard Reagents market will touch US$ 2.3 Bn by the end of the forecast period in the NAFTA region.

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The pharmaceutical industry is clawing into the NAFTA region rapidly and a huge influx of funds is broadening the scope of the Grignard Reagents market in this region. The markets spread across the European region are expected to garner this growth. Future Market Insights analysts predict that the market will expand at a CAGR of 3.9% by 2026.

Vendor insights

The constant rise of the use of Grignard Reagents in the pharmaceutical sector is positively impacting the Y-O-Y growth of the market. Grignard Reagents are widely used in novel drugs, cough medicines, pain relief drugs, flavours and fragrances and for making crop protecting chemicals.  Some of the leading manufacturers of this materials are mobilising the market for Grignard Reagents. Albemarle Corporation, GFS Chemicals, FMC Corp., WeylChem GmbH, SABIC, Rieke Metal LLC. Pentagon Chemicals, Thermo Fischer Scientific, Boulder Scientific Company are some of the key players in the market. These major stakeholders of the market are depending on strong marketing and distribution channels to ensure rapid growth. Apart from this, significant mergers and cross-continental collaborations are further fuelling the growth of the Grignard Reagents market.

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Market segmentation

By Application

• Catalyst
• Stabilisers
• Others

By End User

• Pharmaceuticals
• Agrochemicals
• Flavours and Fragrances
• Packaging
• Research

By Region

• NAFTA (US, Canada, and Mexico)
• Europe (Germany, France, U.K, Spain, Italy, Russia,
• Rest of Europe )

The prime factors fuelling the demand for PUFAs are rising occurrence of diseases such as such as cancer, cardiovascular diseases, and diabetes, and growing preference for PUFAs (mono & poly-unsaturated fats). Furthermore, a growing use of PUFAs as an ingredient of choice in processed and convenience food is fuelling the intake of PUFAs all over the world. Additionally, a growing adoption of PUFAs in dietary supplements for children is expected to propel the demand for PUFAs.

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Segmentation analysis

• The global polyunsaturated fatty acids (PUFAs) market is segmented by product type, source, form, and application. Among all the product type segment, the omega-3 fatty acids segment is expected to exhibit the highest revenue growth, followed by the omega-6 fatty acids segment over the forecast period. The omega-3 fatty acids product type segment is anticipated to register a significant CAGR of 11.0% through 2026.
• To provide in-depth insights on the pattern of demand for polyunsaturated fatty acids (PUFAs), the market has been segmented into sources such as marine and plant. The marine source segment is projected to exhibit a significant value CAGR of 11.3%. The marine source segment is further divided into algal and fungus oil, fish oil, and krill oil.
• The fish and krill oil segments are collectively expected to contribute significantly in the growth of marine segment. The plant source segment is further differentiated into chia seed oil, flax seed oil and other (hemp, canola oil, sunflower oil, soybean oil, primrose oil and camelina oil). The chia seed oil and other (includes sunflower, canola and soybean oil) segments are expected to collectively contribute in the growth of plant source segment.
• The market has also been segmented by form into oil, syrup, softgel and capsule, and other (powder, emulsion and gummy candy) segments. Increasing consumption of oil segment is likely to be highest during the forecast period, with the segment registering a 11.3% CAGR.
• On the basis application, the market is categorised into dietary supplement, infant formula, pharmaceuticals, food and beverages, and animal food and feed. The dietary supplement segment will continue dominance over other segments by attaining a highest market share of 46.0 % in 2016.

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Regional analysis

On the basis of region, The Western Europe market has been estimated to lead the global polyunsaturated fatty acids (PUFAs) market, accounting for maximum revenue share of the market by 2016 end. Collectively, Western Europe and North America markets are expected to account for over 50.4% revenue share of the global polyunsaturated fatty acids (PUFAs) market by 2016 end. Owing to increasing seafood consumption and production, the Eastern Europe PUFAs market is projected to exhibit decent CAGR of 11.0% between 2016 and 2026. The APEJ PUFAs market is estimated to witness a comparatively high CAGR of 14.1% through 2026. The Japan regional market is likely to register a CAGR of 10.1% while Latin America and MEA are expected to grow at a modest rate in the global polyunsaturated fatty acids (PUFAs) market over the next 10 years.

Vendor insights

A few of the top companies in the global polyunsaturated fatty acids (PUFAs) market include Koninklijke DSM N.V., BASF SE, Croda International PLC, Enzymotec Ltd., Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, FMC Corporation, Cargill, Incorporated, GlaxoSmithKline plc

In this report, Future Market Insights has discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

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Global polyunsaturated fatty acids (PUFAs) market segmentation

By Product Type

• Omega-3 Fatty Acids
  • Alpha-Linolenic Acid (ALA)
  • Docosahexaenoic Acid (DHA)
  • Eicosapentaenoic Acid (EPA)
• Omega-6 Fatty Acids
  • Linolenic Acid (LA)
  • Arachidonic Acid (AA)

By Source

• Marine
  • Algal and Fungus Oil
  • Fish Oil
  • Krill Oil
• Plant
  • Chia Seed Oil
  • Flax Seed Oil
  • Other

By Form

• Oil
• Syrup
• Softgel and Capsule
• Other (Powder, Emulsion and Gummy Candy)

By Application

• Dietary Supplement
• Infant Formula
• Pharmaceuticals
• Food and Beverages
• Animal Food and Feed

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Segmentation highlights

The U.S lime market is segmented on the basis of Product Type into Quick Lime and Hydrated Lime; and on the basis of Application into Cement Manufacturing, Metal Manufacturing, Chemical (Water Treatment, Flue Gas, Others), Fertilizer, Pulp & Paper, and Others.

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• The Quick Lime product type segment is expected to account for a market value share of 83.3% by 2016 end and is expected to gain 90 BPS over the forecast period
• The Hydrated Lime product type segment is projected to account for a market value share of 16.7% by 2016 end and is estimated to be pegged at 2,967 KT in terms of volume by 2016 end
• The Metal Manufacturing application segment is anticipated to account for a market value share of 32.8% by 2016 end and is estimated to be pegged at 6,614 KT in terms of volume by 2016 end
• The Chemical application segment is likely to account for a market value share of 33.3% by 2016 end and is anticipated to be pegged at 6,724 KT in terms of volume by 2016 end

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Regional projections

The U.S lime market is segmented into the key regions of Northeast, Midwest, South, and Western. The Northeast U.S. lime market is estimated to account for a value share of 7.1% of the U.S lime market by 2016 end. Demand for lime in the Northeast U.S lime market is expected to be driven by water treatment plants. The Western U.S. lime market is estimated to account for a market value share of 16.7% by 2016 end, owing to an increasing production in the paper and pulp manufacturing industries.

Vendor insights

The report profiles a few leading companies operating in the U.S lime market such as Mississippi Lime Company, Linwood Mining & Minerals Corporation, United States Lime & Minerals Inc., Lhoist, Valley Minerals LLC., CHENEY LIME & CEMENT COMPANY, Pete Lien & Sons Inc., CARMEUSE, and Graymont Limited. Top market players are increasing their production facilities and introducing advanced technology and tools to cater to market demands, besides adopting strategies such as acquisitions and partnerships to expand geographically and increase market share.

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Demand for sludge treatment chemicals is expected to increase at a significant pace across municipal and industrial sludge treatment plants owing to the stringent regulations by the government and environmental agencies like Environmental Protection Agency (EPA) in North America. Increasing awareness among public and lack of availability of fresh water resources are also major factors expected to drive demand for sludge treatment chemicals market worldwide. Rapid industrialization results in an increase in industrial sludge production which needs to be treated, thus supporting the market growth over near future.

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Major market players are focusing on mergers and acquisition strategy to expand their product portfolio and footprints worldwide. However, the introduction of membrane technology and sustainable products have changed consumer demand for sludge treatment technologies with a lower chemical consumption. This factor is expected to restrain the growth of sludge treatment chemicals market over the forecast period.

Segmentation highlights

The global sludge treatment chemicals market is segmented on the basis of product type, application, treatment, and region. On the basis of application, the global market is segmented into municipal and industrial sludge treatment chemicals.

• On the basis of product type, flocculant segment is expected to dominate the market share throughout the forecast period. However, disinfectant segment is expected to expand at a significant rate over the forecast period.
• Municipal application segment is expected to be the largest segment in terms of revenue throughout the forecast period, due to the increasing investments by the government in establishing sludge treatment plants.
• On the basis of treatment, primary treatment continues to dominate as the most attractive segment in terms of market share over the forecast period. The primary segment is expected to hold 56.6% of the market share by 2026 end.
• Tertiary treatment segment is expected to expand at a relatively high CAGR of 5.1% over the forecast period.

 

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On the basis of region, Asia Pacific is expected to witness a relatively high CAGR of 6.0% in terms of revenue over the forecast period. North America and Western Europe are expected to contribute significant revenue share to the global sludge treatment chemicals market throughout the forecast period. Stringent regulation pertaining to the treatment of sludge has led to long term supply agreements.

Vendor insights

Some of the key players identified in the global sludge treatment chemicals market are BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Kemira Oyj., Thermax Ltd., Akzonobel N.V., Solenis, Veolia Water Technologies etc.

Strengthening of supply chain, particularly in regions such as APEJ and Latin America, is key focus area for players in this market. Manufacturers are focused on developing multifunctional polymers which could help in cost cutting and improved efficiency. A number of sludge treatment chemicals manufactures have been involved in strategic mergers and acquisitions to expand their customer base globally.

Key Segments Covered

By Product Type

• Flocculant
• Cationic
• Anionic
• Coagulant
• Organic
• Inorganic
• Disinfectant
• Anti foulant
• Anti foamers
• Activated carbon

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By Application

• Industrial
• Paper and Pulp Industry
• Food and Beverage Industry
• Oil and Gas Industry
• Metal Processing Industry
• Chemical and Fertilizer
• Automotive
• Others
• Municipal

By Treatment

• Primary
• Tertiary

By Region

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

According to Future Market Insights, an increasing consumption of PP homopolymer in the packaging industry along with a high growth of the retail sector is likely to boost the demand for PP homopolymer and subsequently drive market growth over the forecast period. PP homopolymer plays a major role in decreasing carbon emissions from vehicles and manufacturers around the world are increasingly using PP homopolymer in vehicle production to comply with various government and environmental regulations regarding the reduction of carbon emissions from vehicles. Use of PP homopolymer in automotive applications leads to reduced weight of the vehicle, consequently increasing its fuel efficiency.  This is another factor fuelling the growth of the global PP homopolymer market. In order to capitalise on the opportunities in the market, market players are introducing new grades of PP homopolymer for various new applications to increase their market share in the global market.

However, in the last few years, automobile OEMs have been switching from PP homopolymer to PP copolymer and aluminium for manufacturing specific vehicle parts as PP copolymer and aluminium provide better toughness and durability than PP homopolymer. This is likely to restrict the growth of the global PP homopolymer market over the forecast period.

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Segmentation highlights

The global PP homopolymer market is segmented on the basis of processing technology into Injection Moulding, Film, Other Extrusion, Fibre, and Others (blow moulding, sheet etc.); and on the basis of end use into Packaging (Flexible Packaging, Rigid Packaging), Electrical and Electronics, Textile, Automotive, Building and Construction, and Others.

• The Injection Moulding processing technology segment is anticipated to hold the largest market value share throughout the forecast period and is expected to create total incremental opportunity of US$ 14.62 Bn between 2016 and 2026
• The Packaging end use segment is estimated to dominate the global PP homopolymer market throughout the forecast period due to high demand in North America and Western Europe. This segment is expected to create total incremental opportunity of US$ 15.16 Bn by the end of 2026

Regional analysis

The global PP homopolymer market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). The APEJ regional market is estimated to dominate the global PP homopolymer market in terms of value and register a CAGR of 5.8% over the forecast period. The MEA homopolymer market is anticipated to witness a CAGR of 5.4% during the forecast period, making MEA the second largest market in terms of CAGR.

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Leading market players are focussing on increasing global market presence through new product launches and strategic joint ventures and partnerships

LyondellBasell Industries, Braskem S.A., The Dow Chemical Company, Reliance Industries Limited, L.C.Y. Chemical Corporation, Total Petrochemicals USA Inc., IRPC Public Company Limited., Sasol Limited., National Petrochemical Industrial Company, and The Polyolefin Company (Singapore) Pte Ltd. are some of the top companies operating in the global PP homopolymer market. Some of these companies are focussed on launching new PP homopolymer grades for various applications to increase their brand value. Top companies are also expanding their production capacities to strengthen their product portfolio and grab a larger share of the global PP homopolymer market.

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Renewable methanol is a second generation biofuel and is derived from renewable sources such as biomass, industrial waste, municipal waste, and industrial CO₂. Renewable methanol is used as a transportation fuel after blending it with other chemicals. The main reason for the rise in demand for renewable methanol as a fuel is the implementation of regulations especially in Europe and North America that over 10% of the transport fuel should come from renewable sources by the end of 2020. Renewable methanol that is produced through the gasification process and using biomass is used as a liquid motor fuel as it has a high hydrogen to carbon ratio due to its high octane rating. Moreover, the use of renewable methanol is expected to reduce greenhouse gas emissions by over 15%-20% as compared to other fuels. Another major advantage of renewable methanol is that when produced using industrial waste and municipal waste, it reduces the waste content and converts it to usable energy.

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Environmental pollution from CO₂ emissions and import of crude oil for fuel has resulted in the adoption of renewable energy sources. Thus, reduction of agricultural waste and conversion of municipal solid waste into syngas and further into renewable methanol can offer lucrative growth opportunities for key players operating in the global renewable methanol market.

Segmentation highlights

On the basis of primary source, the global renewable methanol market can be segmented into biomass, industrial waste, municipal waste, and others; and on the basis of end-use application into formaldehyde, MTBE, gasoline, dimethyl ether, solvents, and others.

• The biomass primary source segment is expected to hold significant share in the global renewable methanol market and is estimated to register the highest CAGR of 7.0% in terms of value over the forecast period. The segment is expected to create incremental opportunity of US$ 53.7 Mn during 2016–2026
• The MTBE end-use application segment is anticipated to register the highest CAGR of 8.1% in terms of value between 2016 and 2026. This segment is expected to gain traction over the forecast period due to increasing demand for fuel blends from the automotive industry

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Regional market projections

The global renewable methanol market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. APEJ is expected to register the highest CAGR in terms of value over the forecast period. Australia and China are highly focussed on using renewable methanol as a fuel blend. The Philippines and Myanmar have also passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. North America is estimated to account for 26.1% value share of the global renewable methanol market by the end of 2016 and is projected to dominate the global market throughout the forecast period.

Vendor insights

The report features some of the top companies operating in the global renewable methanol market. Leading market players profiled in the report are BioMCN, Methanex Corporation, Enerkem, Chemrec Inc., Carbon Recycling International, and VarmlandsMetanol. These players have adopted the strategy of signing long-term supply agreements with feedstock suppliers and end-use customers to maintain continuous supply of renewable methanol. Moreover, these companies are also focussing on the transport sector as this sector is expected to offer lucrative opportunities over the forecast period.

Key segmentation

By Primary Source

• Biomass
• Municipal Waste
• Industrial Waste
• Others

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By End-use Application

• Formaldehyde
• MTBE
• Gasoline
• Dimethyl Ether
• Solvents
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

The paints industry is gradually shifting away from traditional whitewash paints. The underlying focus on consumer centricity has been encouraging paints manufacturers to explore better quality alternatives. Consequently, the demand for low VOC and water based paints is on the rise.

The COVID-19 pandemic has impacted the global economy at various levels and the impact has also been seen on paints and coatings industry.  The decorative paints market growth is projected was negatively affected during the pandemic crisis, resulting in significant drop in demand during 2020 – 2021.

Nonetheless, recovery of construction activities and gradually surging demand in the real estate will create a conducive environment for the expansion of the decorative paints market.

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As per FMI, the East Asia market is expected to remain a key manufacturer as well as consumer of decorative paints owing to significant growth in the construction sector, especially in China. Backed by the aforementioned factors, the global decorative paints market is projected to top US$ 87.8 Bn by 2031.

“Local and foreign investments in the emerging economies of Asia for catering to construction demand have been increasing. This is in turn fuelling the demand for decorative paints. Consumption of decorative paints especially for interior applications will continue increasing as focus on improving interior décor grows across the globe,” says an FMI analyst.

Key Takeaways:

• Water based decorative paints will replace the solvent based paints due to their comparatively better performance characteristics over the latter. The segment is expected to witness a growth 4.4% CAGR over the coming decade.
• Interior application of decorative paints is projected to account for more than 75% of the market share in 2021 in Europe.
• By formulations, emulsion segment is estimated to witness a year-on year growth of 3.7% in 2021.
• Sales of decorative paints in the U.S. are estimated to grow by a CAGR of 4.3% during the assessment period.
• India is expected to emerge as an attractive decorative paints market, with sales expected to grow by 5.2% CAGR over the coming decade.
• China is expected to account for about 70% of the East Asia decorative paints market share in 2021.
• Japan and South Korea to collectively account for about 8.8% of the total decorative paints industry share by 2021 end.

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Competitive Landscape

Key participants in the global decorative paints market elaborated in the report includes Azko Nobel, Sherwin Williams Company, Asian Paints Ltd., Nippon Paints, Valspar Corporation, Jotun, BASF-SE, RPM International Inc., KANSAI Paints Co., Ltd. and Berger Paints.

The decorative paints industry is oligopolistic with a few big players constituting a larger portion of the sales. It also have higher barriers to entry in distribution networks and brand equity. Key players are focusing on mergers and acquisitions strategies to boost their market presence.

Some of them are even focusing on product development by investing a considerably in research and development. Others are focusing on increasing the production capacity to improve their annual turnover. For instance:

• Eastman Chemical plans to invest for a significantly increase in its capacity to produce tertiary Decorative Paints (DIMLA) at its facility in Ghent, Belgium, by the end of 2021.

Decorative paints Market by Category

By Product Type:

• Water based paints
• Solvent based paints

By Formulation:

• Emulsion based paints
• Distemper

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By Application:

• Interior Paints
• Exterior Paints

By Sales Channel:

• Online
• Offline

By Price

• Premium
• Medium
• Economical

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The global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. As the demand for acrylic fibres is stagnant in the developed economies of North America and Western Europe, significant opportunity for growth in the global acrylic fibre market lies in the regions of APEJ, Latin America, and Middle East & Africa.

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Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-colour dyes in clear, bright and muted tones. They impart natural aesthetics to fabrics as opposed to their nylon and polyester counterparts. Also, acrylic fibres have excellent resistance to ultraviolet degradation, weak alkalis, and microbiological attack. Due to such physical, chemical, and thermo-biological characteristics, acrylic fibres are becoming popular in their use by blending with other materials such as wool, cotton, polyester etc. Moreover, acrylic fibres are used in various end-use industries such as apparels, home furnishing etc. With macroeconomic development of these end-use industries supported by regional GDP and population growth, the demand for acrylic fibres is further expected to increase, specifically in the Asia Pacific region over the coming years. In addition, sporadic supply of wool and cotton at a global level is pushing manufacturers to blend acrylic fibre with wool and cotton for use in the manufacture of products such as blankets, sweaters, etc.

Upswing in acrylic fibre raw material prices is forcing manufacturers across the globe to use its substitutes such as polyester, nylon, cellulose etc. for various applications. These substitutes have economic advantage over acrylic fibre due to better raw material availability, large scale production, and recyclability. Owing to this, acrylic fibre manufacturers across the globe are facing significant challenges to sustain in the market. Production units are terminating in developed regions such as U.S and Europe owing to strong inter-fibre competition, especially from polyester fibres. Moreover, U.S. and Europe are suffering under rising competition from Asian imports of acrylic fibre and its finished products. These factors are likely to restrain the growth of the global acrylic fibre market.

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Segmentation highlights

• Global acrylic fibre market is segmented on the basis of dyeing method, fibre form, blending, end-use and region. On the basis of dyeing method, the global acrylic fibre market is segmented into acid, gel, and undyed. The gel dyeing segment is estimated to register a CAGR of 3.8% over the forecast period. The gel dyeing segment is estimated to dominate the global acrylic fibre market, with 56.5% market revenue share, valued at US $ 2,450.99 Mn by 2016 end.
• On the basis of fibre form, the global acrylic fibre market is segmented into staple and filament. The staple fiber segment is estimated to dominate the global acrylic fiber market, with more than 61.37% market revenue share, valued at US $ 2,658.11 Mn by 2016 end.
• On the basis of blending, the global acrylic fibre market is segmented into wool, cotton, and others. The cotton blending segment is anticipated to register a CAGR of 3.7% over the forecast period.
• On the basis of end use, the global acrylic fibre market is segmented into apparels, home furnishing, industrial, and outdoor. The apparels end-use segment is projected to register a CAGR of 3.6% over the forecast period, creating significant incremental opportunity between 2016 and 2026.

Regional market projections

The global acrylic fibre market is segmented into seven key regions namely, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Latin America, and Middle East & Africa. In terms of market value, the APEJ acrylic fibre market is projected to increase at a value CAGR of 4.4% over the forecast period, while markets in Japan, U.S., and Europe are expected to register a below average CAGR. Growth in the APEJ acrylic fibre market is largely attributed to growing use of acrylic fibre for various applications along with macroeconomic growth of a population driven textile industry in the region.

Vendor insights

Some key players in the global acrylic fibre market are Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, TAEKWANG INDUSTRIAL CO. LTD., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., and Vardhman Acrylics Ltd. Research and development is being carried out to improvise the properties of acrylic fibre by modifying its inherent characteristics. In order to compete with substitutes of acrylic fibre such as polyester and cellulose acetate fibres, key companies in the APEJ region have invested significantly in R&D initiatives.

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Key Segments Covered

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.

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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.

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.

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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.

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
  • Agricultural Chemicals
  • Paints & Coatings
  • Rubber Processing
  • Polymer & Resin Processing
  • Adhesives
  • Printing Ink
• Pharmaceuticals
• Cosmetics & Personal Care

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.

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).

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• 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

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.

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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.

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)