Market Research Blog – Page 15458 – New Product Development

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.

Contact:
Future Market Insights,
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Plot No: JLT-PH2-X2A,
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United Arab Emirates
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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.

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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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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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’.

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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)

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.

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About Chemicals & Materials division of FMI

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Boron Carbide Market is expected to expand at a CAGR of ~4% throughout the forecast period of 2019 – 2029

The global market for boron carbide is estimated to be valued at ~US$ 118 Mn in 2018, which is expected to expand at a CAGR of ~4% throughout the forecast period of 2019 – 2029, opines a recent market research report by Future Market Insights.

As per the insights of the report, the global boron carbide market is estimated to witness substantial growth over the forecast period owing to numerous factors, which include research and development activities in the defense sector. As boron carbide is commonly used for developing bulletproof vests as well as in military tanks, ongoing advancements in the defense sector will bolster the consumption of boron carbide across geographies, opines the FMI study.

global boron carbide market value proportion

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Increasing Growth Opportunities in Asia Pacific excl. Japan Dictate Market Players’ Strategies

Asia Pacific excl. Japan is expected to account for a prominent proportion of the global boron carbide market in terms of value and volume, according to the FMI study. The region is also estimated to witness relatively stronger growth over the forecast period. This can be attributed to the widespread application of boron carbide in developing products for the defense sector. Furthermore, increased defense budgets in countries in this region are expected to further spur growth in the boron carbide market, as boron carbide is largely used in the production of vehicle bodies and armor.

The increasing prominence of nuclear technology for energy generation has also been considered to contribute to the long-term growth of the boron carbide market. Considering the population growth as well as the urbanization rate of countries in the region, demand for power and energy is expected to increase with time, causing an inclination towards nuclear technology, further giving a significant push to the boron carbide demand in the coming years.

Applications in Abrasives Account for a Significant Market Share

The global boron carbide market has been classified on the basis of grade, product type, and application.

On the basis of grade, the market is segmented into abrasive grade and nuclear grade. On the value as well as volume front, the abrasive grade boron carbide represents a sizeable proportion in the market. However, continuous research and development towards developing safe nuclear technologies is anticipated to contribute considerably in the evolution of the nuclear grade boron carbide.
On the basis of product, boron carbide is largely available in three prominent forms: powder, grain, and paste. Of these, boron carbide powder and grain are estimated to remain prominent over the forecast period. This can be attributed to their large-scale applications in processing metals as well as sintering applications, among others.
Among applications, the boron carbide market is segmented into abrasive, nozzles, armor, and others. The use of boron carbide as an abrasive in the automotive industry is noted to be the prime force behind the evolution of the market throughout the forecast period. The significant demand from the energy sector to develop safe and reliable nuclear technology is expected to mold the boron carbide marketplace for nuclear applications. Additionally, the increased defense budgets and large-scale procurement of body and vehicular armor are expected to further add up to the growth of the boron carbide market.

Boron Carbide Market: Vendor Insights

The global boron carbide market report offers key insights about few of the prominent market players that have established their foothold in the global boron carbide market. Some of the key players in the global boron carbide market are The 3M Company, Saint-Gobain S.A., UK Abrasives, Inc., H.C. Starck GmbH, Songshan Specialty Materials, Inc., Washington Mills North Grafton, Inc. and American Elements, among others.

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Several manufacturers are noted to enhance their boron carbide product lines by focusing on investments in research & development activities as well as broadening the scope of applications of boron carbide. End-use sectors such as automotive, aerospace, and defense, among others are compelling the manufacturers to develop products based on boron carbide as these have a longer service life and are noted to operate with a relatively better efficiency. Hence, research & development is expected to generate lucrative growth for manufacturers in the marketplace.

Boron Carbide Market: Taxonomy

Grade

Abrasive
Nuclear

Product Type

Powder
Grain
Paste

Application

Abrasive
Nozzles
Armor
Others

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excl. Japan
Japan
Middle East and Africa

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Corrosion Protection Polymer Coating Market is anticipated to register a steady CAGR over the forecast period, 2017-2022

In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022. According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials, the demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry.

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Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe. Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions. Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering. High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion. From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers. In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase. While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period. Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

Additional insights from the report:

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

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Market Taxonomy

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

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Product Type

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

End Use

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

Form Type

Solvent-borne
Waterborne
Powder-based

Companies to Watch

The report also anticipates that companies, namely

BASF Coating GmbH,
Polycorp Limited,
STEULER – KCH GmbH,
Koch Knight LLC,
Akzo Nobel NV,
Axalta Coating Systems,
Jotun A/S,
Ashland Global Holdings, Inc.,
PPG Industries, Inc., and
The Sherwin Williams Company

will remain active in the global market for corrosion protection polymer coatings through 2022.

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Corrosion Protection Rubber Linings and Coatings Market are estimated to reach approximately US$ 12,000 Mn by 2022-end.

According to a latest research by Future Market Insights (FMI), the global market for corrosion protection rubber linings and coatings will register a healthy expansion during the forecast period (2017-2022). The global corrosion protection rubber linings and coatings market is estimated to account for nearly US$ 12,000 Mn revenues by 2022-end.

Manufacturers focusing on Development of Highly-volatile Deterioration-resistant Materials

Shifting end-user preferences from solvent-borne solutions to water-borne solutions is a key trend being observed in the market currently. Manufacturers of corrosion protection products are increasingly focusing on safeguarding various end-use sector’s operational performance. These manufacturers are also taking steps to cater the imperative need of preventing exterior corrosion of industrial surfaces. In addition, the focus on development of highly-volatile deterioration-resistant materials is increasing on the back of growing inclination towards technologically-advanced corrosion coating.

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Industrial Facilities built from Carbon Steel at High Risk of Corrosion

Global leading manufacturers of corrosion protection rubber linings and coatings are making heavy investments in research and development activities, in a bid to develop new techniques for complete prevention of corrosion. Various industrial facilities, ranging from processing equipment, water treatment plants, oil & natural gas tank farms, to pipelines, are at huge risk of corrosion, especially the ones whose structures are made of carbon steel. This is mainly because carbon steel is highly prone to corrosion, which has resulted into production downtime, and repair & replacement activities.

Several proactive industries are therefore moving beyond traditional techniques that are only capable of slowing down the corrosion. The industries are further shifting towards adoption of novel techniques, which enable complete prevention from corrosion, thereby minimising cost, and production downtime needed to replace, repair, or recoat the corroded equipment or material. According to World Corrosion Organisation, over 3% of world’s GDP is spent on corrosion-related activities across the globe annually.

Solvent-borne Form Type Segment to Account for over 40% Revenue Share of the Market

Projected to account for over 40% revenue share of the market during 2017 to 2022, solvent-borne segment by form type is expected to remain dominant in the global corrosion protection rubber linings and coatings market. In addition, water-borne segment is expected to witness a relatively faster expansion in sales through 2022. As solvents comprise of harmful chemicals, end-users are now preferring water-borne solutions over solvent-borne for corrosion protection.

Asia-Pacific Excluding Japan (APEJ) and North America will remain the largest markets for corrosion protection rubber linings and coatings. The markets in Japan, and Middle East & Africa (MEA) are also expected to witness a healthy expansion through 2022. In addition, the market in Europe is estimated to create an absolute $ opportunity of roughly US$ 560 Mn between 2017 and 2022.

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Hard Rubber Lining Systems will Remain Preferred in the Market

Hard rubber lining systems are expected to remain preferred among products, with sales projected to account for nearly two-third revenue share of the market during 2017 to 2022. However, soft rubber lining systems’ sales are anticipated to reflect a comparatively higher CAGR than that of hard rubber lining systems through 2022.

Sales of corrosion protection rubber linings and coatings in marine, and construction end-use sectors are expected to collectively account for over one-third revenue share of the market in 2017. These end-use sectors will witness a rise in their market share through 2022. In addition, oil & gas is expected to remain the fastest growing end-use sector in the market, with sales poised to account for nearly US$ 2,000 Mn in revenues by 2022-end.

Key market players included in FMI’s report include –

The Sherwin Williams Company
STEULER – KCH GmbH
PPG Industries Inc.
Polycorp Limited
Koch Knight LLC
Jotun A/S
BASF SE
Axalta Coating Systems
Ashland Global Holdings Inc.
Akzo Nobel NV.

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Friction Modifier Additives Market is set to grow at 4% CAGR through 2027

Future Market Insights’ newly published market report, “Friction Modifier Additives Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027,” examines the Friction Modifier Additives Market and provides a revised forecast of the global market for the 10 year period 2017 – 2027. According to the report, the MoDTC inorganic product type segment is expected to dominate the market accounting for over 45% share in overall market value by 2027 end, thereby registering a CAGR of 4.2% during the forecast period (2017 – 2027). The estimated value of the global Friction Modifier Additives Market in 2017 is US$ 1,278.9 Mn and is expected to expand at a CAGR of 4.0% in order to reach US$ 1,888.3 Mn by the end of 2027.

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Global Friction Modifier Additives Market: Dynamics

The global Friction Modifier Additives Market is estimated to be driven by rising Organic friction modifier (OFMs) additives as they are mostly preferred for the lubrication of automotive engines. OFMs and zinc dialkyldithiophosphates (ZDDPs) anti wear additives react competitively on rubbing ferrous substrates in a tribological contact. By carefully understanding the chemistry of OFMs, formulators of additives can achieve application specific lubricants that form ZDDP anti wear films of optimum thickness and friction, thereby delivering end users required optimised lubricity, durability and environmental acceptability of the formulation, thereby paving the way of growth of the Friction Modifier Additives Market.

Global Friction Modifier Additives Market: Forecast

On the basis of inorganic segment, the MoDTC segment is anticipated to play a crucial role in building market revenue. The MoDTC segment is estimated to lead the overall Friction Modifier Additives Market accounting for an estimated share of almost 46% in the global Friction Modifier Additives Market value in 2017, by Inorganic Product type. The segment is expected to register a CAGR of 3.8% within the forecast period. Also, Automotive Lubricants segment by application is expected to witness rising growth in revenue during the forecast period. As per the forecast this segment is slated to account for more than 45% share in overall market value by the end of the forecast period. This is largely due to a growing use of vehicles.

Preview Analysis of Friction Modifier Additives Market: Organic Type Friction Modifiers to Witness Sustained Growth over the Forecast Period: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027: https://www.futuremarketinsights.com/reports/friction-modifier-additives-market

On the basis of region, Asia Pacific excluding Japan (APEJ) is anticipated to dominate the global Friction Modifier Additives Market throughout the forecast period. This regional market is expected to expand at a CAGR of 3.9% during the forecast period. The market in the Western Europe region is anticipated to register a CAGR of 4.4% during forecast period. These two regions are expected to register relatively faster growth during the period of assessment.

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Global Friction Modifier Additives Market: Competitive Landscape

Some of the players reported in this study on the global Friction Modifier Additives Market are –

BRB International
Kings Industries Inc
Croda International
BASF SE
CSW Industrials
Chevron Corp
The Lubrizol Company
Dorf ketal
DOG Chemie
Afton Chemicals
LANXESS

Industry players, over the recent past, have been channelising efforts towards innovative product development. Moreover, expansion and acquisitions strategies adopted by Friction Modifiers Additives manufacturers to improve sales & distribution network and enhance their operational efficiencies are expected to continue over the forecast period.

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