Market Research Blog – Page 15889 – New Product Development

Silver Sulphate Market Analysis and Opportunity Assessment 2017 – 2027 | Merck kGAa, Eastman Kodak Company, SCHWITZ BIOTECH

Silver Sulphate is an ionic compound, with a chemical formula of Ag2SO4 and can be used as a substitute for silver nitrate. Silver sulphate is odorless in nature and is white to gray solid, which can sink with water and is soluble. It is more soluble in comparison to the silver halides. Additionally, silver sulphate is stable under the ordinary conditions or room temperature, but when it is exposed to direct light and air it gets dark in color. Therefore, the best way to keep silver sulphate is in the dark colored and airtight bottles.

Silver sulfate has weak reducing or oxidizing powers, however, redox reactions are sometimes possible up to some extent. Most of the compounds, which falls in this category, are slightly insoluble or soluble in water. If they are soluble in water, then the solutions are generally neither strongly basic nor strongly acidic. Therefore, these compounds such as silver sulphate are not water-reactive. Additionally, there are some harmful effects of silver sulphate such as when one gets direct contact to it, silver sulphate can cause serious irritation or damage to eye and skin, and it has the hazardous impact on aquatic life and cause long-term effects.

Furthermore, there are numerous uses of silver sulfate such as it can be used or silver plating process, for medicinal purposes, water treatment, solar cells, fuel cells, etc. As it is an antibacterial agent and has high ability to kill bacterial cells, silver sulphate is used as bandages. In Food industry silver Sulphate is used in very less amount due to the rules and regulations defined by Food and Drug Administration (FDA). Silver Sulphate is also used to remove tarnish from aluminum as it reacts with other metal leaving behind the silver.

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Silver Sulphate Market: Regional Outlook

Asia Pacific region is expected to grow at significant rate during the forecast period which can be attributing to the growing population in the emerging countries like India, China etc. which is leading to the growth of the agriculture industry, food industry, pharmaceutical industry etc in region which is expected to drive the market.

North America and Europe region are expected to have increase in consumption silver Sulphate during the forecast period which can be attributed to the increase in disposable income of people which is leading to the increase in consumption of products containing Silver Sulphate for example in bandage which prevents the growth of bacteria, does not sticks to the skin thus accelerating the growth of silver market in both the regions.

Latin America and Middle East & Africa region is expected to grow at steady rate during the forecast period which can be attributed to the growing food industry in Latin America and agriculture industry in Middle East and Africa region is expected to fuel the silver Sulphate consumption during the forecast period thus leading the growth of silver Sulphate market.

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Silver Sulphate Market: Market Participants

Examples of some of the market participants in the Silver Sulphate market are:

Merck kGAa
Eastman Kodak Company
SCHWITZ BIOTECH
Santa Cruz Biotechnology, Inc
LabChem
VWR INTERNATIONAL Ltd.
Silver shine chemicals
Ricca Chemical Company
HiMedia Laboratories.
Pheonix Industries

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Silver Sulphate Market: Segmentation

Silver Sulphate Market can be segmented on the basis of Form –

Solid
Powder

Silver Sulphate Market can be segmented on the basis of end use industry:

Agriculture industry
Food Industry
Pharmaceutical Industry
Chemical Industry
Others (Military, optical etc.)

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About Future Market Insights (FMI)

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

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

Healthcare Flooring Market Analysis 2017 – 2027 | Top Players AFI Licensing LLC, Forbo Flooring, Polyflor Ltd

Healthcare industry has witnessed several historic changes owing to strong demand for eliminating slips & falls, noise reduction, maintaining clean appearance, dust free creating a hygienic environment in hospitals and other acute care facilities, enhancing the facility design and management. The healthcare flooring promote well-being and health of staffs and patients by offering low – maintenance products and long – lasting products suited for every space including resistance to indentations from static load, and coordinating designs & colors across categories to fit any aesthetic from warm and homey to clean and modern. Furthermore, prominent players are offering specific products for patient rooms that are less institutional and more home – like to reduce patient’s stress and speed up the healing process during their stay. Moreover, hospitals believe that the balanced choice flooring selections keep the space quiet, comfortable, and safe, which can be availed by power bond hybrid sheet flooring which allows quieter environment improving staff morale and patient care through offering noise reduction coefficient.

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Healthcare Flooring Market: Region -wise Outlook:

North America is estimated to dominate the global healthcare flooring market owing to matured healthcare industry and strong awareness among hospitals to keep the environment hygienic, and stringent government regulations. Furthermore, Europe is expected to hold significant share in the global healthcare flooring market owing to strong demand and construction activities post the recession in countries such as Germany, Russia, France, U.K. and others. Asia Pacific is estimated to witness substantial growth in the global healthcare flooring market owing to growing awareness among consumers and hospital facilities to provide hygienic environment. Furthermore, growing interest towards aesthetic appearance aligned with increasing consumer spending in countries such as China, India, and ASEAN countries. Moreover, Middle East & Africa market is further estimated to witness significant growth due to growing construction activities, and government standards to make hospital environment more clean and hygienic.

Healthcare Flooring Market: Key Participants:

Some of the key market participants in the global healthcare flooring market are:

AFI Licensing LLC
Forbo Flooring
Polyflor Ltd
RMG Polyvinyl India Limited
Gerflor
MarvelVinyls
Flowcrete Group Ltd.
Tarkett
Altro Limited.
DLW Flooring GmbH
Stonhard Group

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Healthcare Flooring Market: Segmentation

Global healthcare flooring market can be segmented on the basis of material type and end – use.

On the basis of material type, global healthcare flooring market is segmented into

Vinyl Flooring
Linoleum
Rubber
Textile Based
Woven
Non-Woven

On the basis of product type, global healthcare flooring market is segmented into

Tiles and Mats
Sheets
Carpet

On the basis of application, global healthcare flooring market is segmented into

Entrance areas
Corridors & Clinical Areas
Patient Rooms
Waiting Rooms
Operation Theatre
Diagnostic Centers
Others (Laboratories, Rest rooms, Staff Lounge, etc.)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Cosmetic Ingredients Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2030

This Cosmetic Ingredients Market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Cosmetic Ingredients Market.

Cosmetics ingredients are synthetic chemicals used in variety of cosmetics and beauty products. Traditionally, these ingredients have witnessed a steady demand, however, of late, evolving consumer preference toward herbal and organic, has changed the status quo.

Cosmetic ingredient suppliers are closely working with leading brands to meet the changing expectations of consumers. Further, as a result of various regulations, ingredient suppliers are at increased scrutiny to comply with local and international regulations.

Globalization, and with advent of information technology, people across the globe are aware of different beauty products which are available online with authentic reviews. Digitalization of marketing made the delivery of these product simple and cost effective which helps consumer to choose the right cosmetics

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Cosmetic Ingredients Market: Region-wise Analysis

The market has been segmented into Europe, Asia pacific, North America, Latin America and rest of the world. Europe and North America are leading the cosmetic ingredient market. APAC and Latin America are the emerging markets for cosmetics. In Asia-pacific, India and China are the most lucrative market. Dynamic lifestyle of youngsters and more inclination toward skin care coupled with rapid urbanization is expected to generate a huge demand in cosmetic ingredient market.

The powerful global cosmetics market is mainly driven by strong consumption of potential demand. As per Loreal annual report of 2019 the global market of cosmetic is more the 220 billion euros and a growth rate of 5.5 %

Cosmetic Ingredients Market: Competitive Landscape

Croda International plc. (U.K.)
BASF SE (Germany)
Ashland Global Inc. (U.S.)
Evonik Industries AG (Germany)
Akzo Nobel N.V. (Netherlands)
Clariant AG (Switzerland)
The Dow Chemical Company (U.S.)
Wacker Chemie AG (Germany)
Lonza Group Ltd. (Switzerland)
Solvay SA (Belgium).

Increasing number of collaboration and acquisition are indicative of the fact that market is expected to register maximum average growth. As per Loreal 2019 report the cosmetic market is projected to reach USD 430 billion by 2026

In July 2019, Givaudan acquired Munich based fragrance house Drom. The move was aimed to strengthen the leadership in global fragrance market.

In august, same year, the company UK speciality manufacture Fragrance Oils. The latter is specialised in perfumery and essence. This move was aimed to strengthen position in Africa and South East Asia

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Cosmetic Ingredients Market Segment Analysis

The Cosmetic Ingredients Market can be segmented based on the following:

By Application

Skin Care
Make-up
Oral care
Hair Care

By Product Type

Emollients
Surfactants
Emulsifiers
Antimicrobials
UV Absorbers
Conditioning Polymers
Rheology Modifiers
Colorants and Preservatives

By Consumer

Personal Care Manufacturer
Consultants in Chemical Industries
End-use-Industries

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Fine Chemicals Market Size, Growth Analysis Report, Forecast to 2025

Fine chemicals, also referred to as specification chemicals, is a class of chemicals which is characterized by their low volume use and higher price as compared to that of commodity chemicals. These complex, pure chemicals are manufactured in limited quantities and according to exacting specifications for their intended application. Fine chemicals are produced in batches as against continuous production which is practiced for bulk chemicals. Moreover, manufacture of fine chemicals involves conversion of basic chemicals into complexes which serve as building blocks in a variety of applications across diverse industries such as agrochemicals, paints and coatings, electronics, pharmaceuticals among the others. Agrochemicals and active pharmaceutical ingredients are the most common chemicals covered under Fine chemicals. Fine chemicals differ from specialty chemicals in that, these fine chemicals are sold primarily on the basis of ‘what these chemicals are’ as opposed to specialty chemicals which are sold on the basis of ‘what those chemicals can do’.

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Fine chemicals Market: Drivers & Restraints

Global fine chemicals market is expected to witness a steady growth during the forecast period, this growth of global fine chemicals market is expected to be driven by growth of the major end use industries. Pharmaceuticals and agrochemicals, being major consumers of fine chemicals, the growth in these industries is in turn expected to fuel the growth of global fine chemicals market during the forecast period. Moreover, growing demand from developing countries, especially those in Asia Pacific, is expected to result in growth of global fine chemicals market. A major trend witnessed in global fine chemicals market is that the companies producing fine chemicals are channelizing efforts towards development of efficient processes and newer products in order to gain a competitive advantage which eventually translates into a higher share in global fine chemicals market.

Among the above mentioned end use industry based segments of global fine chemicals market, the pharmaceuticals segment accounts for the largest share in global fine chemicals market value. The pharmaceuticals segment is followed by agrochemicals segment in terms of share in the global fine chemicals market value.

Fine chemicals Market: Key Players

Some of the identified major participants of the global fine chemicals market are as follows:

Lonza
Sumitomo Chemicals
BASF SE
Boehringer-Ingelheim
Sigma-Aldrich Corporation
Chemada fine chemicals
Albemarle Corporation
China Sanjiang Fine Chemicals Company Limited
Valiant Co. Ltd

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Fine chemicals Market: Segmentation

Depending on the end use application industries, global fine chemicals market can be segmented into following key segments:

Pharmaceuticals
Agrochemical
Polymer additives
Food and Feed
Electronics
Perfumes and Fragrances
Others

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Polishing/Lapping Film Market Development Status, Competition Analysis, Type and Application 2028

A polyester based sheet powder that is covered with precisely graded minerals including silicon oxide, aluminium oxide, silicon carbide, cerium oxide, or diamond is known as a Polishing / Lapping Film. Lapping films are abrasive consumables that are coated with precision and are used for polishing and processing optical fiber connectors. The Polishing / Lapping Film is mainly used in polishing and finishing materials that are hard to grind which include exotic alloys, ceramics, carbide, composites, hardened metals, and others. The Polishing / Lapping Film is utilized where close tolerances are required, for polishing and micro finishing. The substrates that are used in Polishing / Lapping Film are plastic, glass, and metal.

Polishing / Lapping Film is used commonly in fiber optic connectors, medical devices, electronics components, precision instruments, hard disk drive, micromotors, waveguides, mobile handheld case, displays, glass cleaning and repair, finishing and repair, glass edge polishing, and others. The Polishing / Lapping Film possesses versatile attributes such as ability to help change grades in less than a minute, eradication of chatter and traverse marks which help in the reduction of rework and rejects, saving the downtime on multiple grade sequences, higher cut rate, superior durability, micro replicated abrasives, ability to help achieve fine finishes, and others. Owing to these features along with its wide range of application, Polishing / Lapping Film market is expected to witness a demand escalation amongst the industries.

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Dissecting the Polishing / Lapping Film Market for Evaluating Promising Segments

The Polishing / Lapping Film market is fragmented based on types that include metallized film, stretch film, shrink film, and adhesive film. On the basis of the raw materials, the Polishing / Lapping Film market is segregated into segments which include LLDPE, poly vinyl chloride, polyamide, PE and laminated materials. The market of Polishing / Lapping Film can be segmented based on its usage including segments such as food and cling film, medicine film, packaging film, and others.

Geographical Analysis to Examine the Global Spread of the Polishing / Lapping Film Market: APEJ Region to Project Increasing Demand

The Polishing / Lapping Film market is spread across the globe with its presence in the key regions. Regions including Latin America, North America, Western Europe, Middle East and Africa (MEA), Japan, Eastern Europe, and Asia Pacific Excluding Japan (APEJ) are assessed for understanding the regional coverage of the market of Polishing / Lapping Film. Owing to the increasing investments in the APEJ region and its manufacturing units, the Polishing / Lapping Film market is anticipated to witness a surging demand from the APEJ region. With the market in China and India being on a growing stage, the market for Polishing / Lapping Film is expected to be fueled in these countries during the forthcoming decade.

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Competitive Analysis to Evaluate the Contribution of Polishing / Lapping Film Market Participants

Market players known to contribute to the healthy growth of the Polishing / Lapping Film market include Haining Fusen Tape Co., Ltd., Fiber Instruments Sales Inc., Henan Union Abrasives Corp., Futamura Chemical Co., Ltd., Lee Valley Tools, Nantong Huaao Plastic Co., Ltd., 3M Electronics, Kemet International Ltd. Precision Fiber Products, Inc., and others.

The research report on Polishing / Lapping Film market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on Polishing / Lapping Film market provides analysis and information according to market segments such as geography, technology and applications.

Segmenting the Polishing / Lapping Film Market Based on Key Elements

Polishing / Lapping Film market can be segmented on the basis of types, including:

Stretch film
Metallized film
Adhesive film
Shrink Film

Polishing / Lapping Film market can be segmented on the basis of type of raw material, which include:

li>Poly Vinyl Chloride
Polyamide
PE
LLDPE
Laminated Materials

Polishing / Lapping Film market can be segmented on the basis of type of usage, which include:

Packaging film
Food and medicine film
Cling film
Others (Photovoltaic film, shipping labels, etc.)

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The Polishing / Lapping Film market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report on Polishing / Lapping Film market also maps the qualitative impact of various market factors on market segments and geographies.

About Future Market Insights (FMI)

Industrial Oxygen Market reaching a valuation of US$ 60.03 Bn by the end of 2031, Analysis By Future Market Insights

Growing demand for oxygen from various industries, including metal fabrication and welding, aerospace and automotive, chemical, metallurgy, construction and steel industries, and the healthcare sector are anticipated to boost the demand of industrial oxygen in the coming decade, finds Future Market Insights (FMI) in a recent research study. As per the study, the industrial oxygen market is anticipated to witness a growth rate of 7.9% during the coming assessment period.

Growth in the steel industry is expected to boost the demand for industrial oxygen, as commercial oxygen is used in the production of materials such as stainless steel. Expansion of construction and automotive sectors is expected to indirectly boost the demand of industrial oxygen in the coming years. The growing aerospace industry is also expected to bolster the demand for commercial oxygen in the near future, as liquid oxygen is used as fuel.

Moreover, the growing healthcare sector also has boosted the consumption of industrial oxygen. During the pandemic, the demand for oxygen witnessed a sudden surge owing to the increasing number of COVID-19 patients all over the globe in the year 2020 and 2021. These factors will prove crucial for continued growth of the global industrial oxygen market.

The market is further anticipated to reach a value of US$ 129.77 Bn by the end of the forecast period. With the growing demand for metals, from the construction and automotive sector, the demand for industrial oxygen is also expected to witness substantial growth, since oxygen is used in the production of steel and alloys.

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Key Takeaways from Industrial Oxygen Market Study

Liquefied oxygen will witness significant growth in demand from aerospace, healthcare, construction, and steel industries. It will hold around 55% of the global value share.
Growing demand for oxygen for application in chemical processing is also anticipated to bolster sales, accounting for over US$ 8.3 Bn in 2021.
The North America market is dominated by the U.S., accounting for over 84% of the regional market, driven by relatively higher levels of industrial investment.
Germany and France hold the lead in Europe, with a valuation of over US$ 2.5 Bn and 2.3 Bn in 2021.
Driven by developments in the industrial and infrastructure sector, China is expected to remain a key market, accounting for more than 65% of the East Asia value share.

“The healthcare sector has been exhibiting demand for oxygen amid COVID-19 outbreak owing to the critical requirement of oxygen supply for the surging number of covid-19 patients, resulting is supply shortages in many markets,” said a lead analyst at FMI.

Who is Winning?

Leading players in the industrial oxygen market are focusing on strategic expansions by bolstering production capacity, opening new plants in emerging economies, in addition to collaborations and partnerships to provide high quality products and to increase market presence. These companies are also focusing on strengthening of their product portfolio and developing stronger distribution partnerships.

Key manufacturers in the industrial oxygen market include but are not limited to Matheson Tri-Gas Inc, Air Products and Chemicals, Inc. Noble Gas Solutions, Air Liquide, LINDE plc, Gulf Cryo, SOL Spa, Messer Group GmbH, Showa Denko K.K., Air Water Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, KOATSU GAS KOGYO CO., LTD., Yingde Gases Group Co., Ltd., Daesung Group, INOX Air Products Private Limited, International Industrial Gases Limited, Axcel Gases, ECHO Gases Pvt. Ltd., Premier Cryogenics Ltd., Bhuruka Gases Limited, Seva Gases Private Limited and Piramala Gases.

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Industrial Oxygen Market by Category

By Product Type:

Compressed Oxygen Gas
Liquefied Oxygen
Oxygen Gas Mixture

By End Use:

Automotive & Aerospace
Chemical Processing
Energy
Construction & Metallurgy
Medical & Healthcare
Food & Beverages
Welding & Metal Fabrication
Others

By Region:

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

Want to Know More?

Future Market Insights has published a market research report on the Industrial Oxygen market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Industrial Oxygen market through three different segments- by Product Type, by End Use and by Region.

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Magnesium Oxide Market is growing with a healthy CAGR of 5% during the forecast period of 2021 – 2031

The magnesium oxide industry is gaining momentum again as the key application sectors are getting back to the track after getting over the shockwaves due to the COVID-19 pandemic earlier in 2020. While the rise in demand for dead burned magnesia and caustic calcined magnesia fuelled the sales over the past decade, requirement in industrial, refractories, and other sectors is further spearheading the growth of magnesium oxide industry.

The latest revised edition of the report on ‘magnesium oxide’ market study by Future Market Insights (FMI) offers an in-depth analysis of the global industry trends, growth & restraining factors, and demand-supply trajectories during the forecast period of 2021 to 2031. As per the report, the industrial sector will majorly account for the industry growth while North America, Europe, Latin America, and Asia Pacific will remain the leading region.

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Key Takeaways from Market Study

The global magnesium oxide industry is expected to ascend at over 5% CAGR through 2031
High demand for dead burned magnesia (DBM) to augment the industry growth
Rise in application in industrial sector to propel the demand growth
The United States to remain in the leading position in North America magnesium oxide industry
Germany to maintain its lead in Europe magnesium oxide industry
Asia Pacific to register the fastest growth throughout the forecast period
China, Japan, the United Kingdom, India, Canada, and a few other countries to have positive industry outlook

“The growing demand in refractory application, especially in iron and steel industry is set to bolster the growth of magnesium oxide suppliers. Additionally, DBM grade magnesium oxide is expected to contribute over 50% of the revenue generated in the refractory industries,” says an FMI analyst.

How is the Demand from Industrial Sectors Boosting the Sales of Magnesium Oxide?

Magnesium oxide has extensive application across diverse industrial sectors such as-

Soil remediation
Wastewater treatment
Emissions treatment
Drinking water treatment
To molten iron and steel to remove sulfur

And others. As a result the demand from these sectors are aiding in the growth of magnesium oxide providers.

According to a report titled “Performance of the Agriculture Sector- Statistics Explained” published by the European Commission (EC), the European Union (EU)- 27’s agricultural industry created gross value added of EUR 176.4 Billion in 2019, while agriculture contributed 1.3% to the EU-27’s Gross Domestic Product (GDP) in 2019. This gives a glimpse of the high demand for magnesium oxide across various industrial sectors.

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Who is Winning in This Space?

The players in the global magnesium oxide industry are experiencing strict competition. In order to maintain their leading positions through the cut-throat competition, they are launching cost-effective and broader range of products.

For instance,

Premier Magnesia LLC launched its new range of products such as EnviroBlend®, MAGOX®, Thioguard®, AQUAMAG®, and others during the last few years
Ube Industries Ltd. launched its new range of Magnesia Clinker, Magnesium Hydroxide Dry, and others a couple of years back

More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the magnesium oxide market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (dead burned magnesia, caustic calcined magnesia, and fused magnesia), and application (industrial, refractories, agricultural, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Phosphate Conversion Coatings Market is projected to grow at a value of 4.0% CAGR between 2022 and 2028

Phosphate conversion coatings (Phosphating) has served as the most important surface treatment option till date. The market is now expected to grow at a moderate rate with major application in the automotive segment. PCCs are increasingly gaining popularity in the manufacture of casing connections to enhance their consequent sealing performance. Further, when used in combination with the lubricants, these coatings provide excellent galling protection, a property highly desirable in across various end-use industries, including chemical, oil & gas, etc.

According to the revelations by Future Market Insights in its new research report, the global Phosphate Conversion Coatings market is expected to reach a market value of over US$ 2,300 Mn by the end of 2028, growing at a CAGR of 4.0% during the forecast period.

There are various special properties of PPC that have helped mark its growth globally, such as better corrosion resistance, improved adhesion, superior wear resistance, and enhanced aesthetic appearance. The growth is highly evident in the automotive as well as the food and beverage industry. The food and beverage segment is expected to grow at a steady growth rate, with key application in beverage cans.

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China’s Industrial Activities to upkeep its compelling growth in the Global PCC Market

China is projected to be a major contributor to the growth of global phosphate conversion coatings market as it holds the highest market share. Zinc phosphate segment is gaining traction in the China phosphate conversion coating market. It is a result of rising manufacturing and industrial activities in the emerging economies. The region is expected to witness the fastest growth in the global market at an impressive rate of 5.2% during the forecast period. Other emerging economies are also witnessing similar trends in the PPC market.

These trends are a part of the shift in automotive and construction industry. Automotive industry remains a key sector for supplying phosphate conversion coatings. The construction industry growth is expected to lead to a rise in demand for coated steel and aluminum coils, which in turn will upsurge the demand for the phosphate conversion coatings over the forecast period.

PPC Market’s greater portion to be covered by Tier 1 & 2 players

The global phosphate conversion coatings market is significantly consolidated. More than two-third of the global market has been estimated to be concentrated among tier 1 and tier 2 players. Tier 3 players, which largely cater to their regional markets, are expected to hold nearly one-fourth of the overall market. The leading players are witnessed indulging in partnerships with Automotive OEMs as a move to stay ahead in the intensified competition. The companies are also focusing on introducing new products in the market.

Their strategies include development of innovative coatings and solutions with superior characteristics, which can be utilized over advanced substrates as well as in novel applications, will be among the key success factors for the long term growth

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Competitive Landscape

Leading players operating in the phosphate conversion coatings market are investing in strategic collaborations, and are focusing on development and launch of new phosphate conversion coatings. Apart from this, players are focusing on expanding their production capacities to serve more end users, in order to gain a competitive edge. For instance:

In July 2017, Henkel Ag & Co KgaA developed Bonderite, a two-step metal pre-treatment process for bodies with high aluminium content which provides superior corrosion performance while reducing processing and investment costs. This process utilizes zinc phosphate to treat steel in first process, followed by aluminium treatment.
In November 2017, Chemetall GmbH announced that they will introduce a new iron phosphate coating: Gardobond A4002, which has been formulated using the latest detergent technology.

Key Companies Profiled

Henkel AG & Co. KGaA
PPG Industries, Inc
The Sherwin-Williams Company
Axalta Coating Systems, LLC
Kansai Paint Co., Ltd.
Chemetall GmbH
Nihon Parkerizing Co., Ltd.
Keystone Corporation
Freiborne Industries, Inc.
Hubbard-Hall Inc.
Crest Industrial Chemicals, Inc.
Westchem Technologies Inc.

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Phosphate Conversion Coatings Markey by Category

By Product Type:

Manganese Phosphate Conversion Coating
Iron Phosphate Conversion Coating
Zinc Phosphate Conversion Coating

By Substrate:

Cast Iron
Steel
Others (Aluminium, Magnesium, Titanium)

By End-use Industry:

Automotive
Food & Beverages
Consumer Appliances
Others (Healthcare, Chemical/ Petrochemical, Aerospace, etc.)

By Region:

North America
Latin America
Western Europe
Eastern Europe
South East Asia & Pacific
China
India
Japan
Middle East & Africa

The coming years will reveal more innovative competitive strategies prevailing in the global phosphate conversion coatings market. To get further insights on the global PPC market, reach out to the team of expert analysts at press@futuremarketinsights.com

Gum Rosin Market to Hit US$ 1.97 Bn by 2028: Says FMI

Global sales of gum rosin were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins. Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is likely to create favorable grounds for growth of gum rosin market during the forecast timeline.

As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality. Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.

According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals. Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins.

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According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019. High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.

The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market. The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report.

The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint. Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.

East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing. Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.

As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees, which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.

Gum Rosin Market – Competition Landscape

The global Gum Rosin market is a fragmented market and most major market participants held single digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold between 30% and 35% market share.

Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.

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Gum Rosin Market: Segmentation

Product Type

WW
WG
N
X
Others

Application

Paper
Paints & Coatings
Soap
Printing Ink
Adhesives
Rubber
Others

Region

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

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Key Questions Answered In the Global Gum Rosin Report

How has the Gum Rosin market evolved over the past four years?
What are some of the prevailing market dynamics in the Gum Rosin market?
What shape is the Gum Rosin market expected to take in terms of volume and value during the study period?
What are the competition developments and trends in the Gum Rosin market?
What are the important key challenges, opportunities and improvement factors for Gum Rosin market players?
What are some of the underlying macro-economic and industry factors impacting the growth of the Gum Rosin market?
What are the important market positioning and key strategies of key Gum Rosin manufacturers as per the market taxonomy?
How is the competition structured at present and how has it evolved in the Gum Rosin market over the past few years?

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Artificial Turf Market Analysis and Forecast 2021-2031 | Dow dupont, Tarkett, Shaw Industries, Victoria PLC

Demand for attractive artificial lawns in gated societies and communities has bode well for market. Urban homeowners are more inclined towards spending on lawns and playgrounds in societies. Moreover, these facilities are often considered imperative to aesthetic value to any property. As artificial turfs eliminate the contact of harmful pesticides and fertilizers used for natural grass, these turfs are progressively gaining traction in residential applications.

The global artificial turf market will exhibit a year-on-year (YoY) growth of 5.7% between 2020 and 2021. Favored by the increasing number of sport events and stadium across the globe, the market volume for artificial turf is likely to surpass 146 Mn Sq.m through 2031.

Moreover, the emergence of customized and recyclable products are expected to create lucrative sales opportunities for manufacturers. According to FMI, the market for artificial turf is anticipated to expand at a CAGR of 5.9% during the forecast period 2021 to 2031.

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Artificial turfs are increasingly used in hotels, restaurants, residential houses, and airports for various landscaping applications such as decorating balconies, rooftops, swimming pools, children playgrounds, and lawns. Thus, with the expansion of urban infrastructure aligned with modern lifestyle, the demand for artificial turf is expected to propel in the coming years.

Due to its superior characteristics such as high durability, less maintenance, low replacement rate over natural grass, artificial turfs are progressively used in contact sports such as rugby, football, hockey, and cricket playing fields and stadiums.

Thus, increasing number of stadiums across the world and upcoming global sports events such as ICC World Cup 2023, FIFA World Cup 2022, and others are anticipated to accelerate the sales of artificial turfs over the next ten years.

“Manufacturers in the market are emphasizing on developing third-generation turfs using hybrid technology for developing innovative products with shock pads and anti-bacterial properties to address the increasing demand from landscaping and sports sector,” says the FMI analyst.

Key Takeaways from the Artificial Turf Market Survey

In North America landscape, the U.S. is estimated to remain a dominant market driven by the increasing demand for artificial turfs from landscaping and leisure applications.
The U.K, home to large number of football and cricket stadiums, is expected to emerge as one of the most remunerative markets.
The market for artificial turfs in India is projected to exhibit the fastest growth in the Asia Pacific on the back of increasing government support for upgrading sports infrastructures, especially hockey and football.
Germany is estimated to account for a significant share in the European market on the back of the presence of a large number of leading artificial turfs manufacturers in the country.
Based on infill material, the rubber is likely to dominate the segment favored by the increasing adoption in outdoor sports.

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Competitive Analysis

Leading players operating in the artificial turfs market are heavily investing in research and development activities to develop novel product to expand their product portfolio. Besides this, some of the players are engaging into strategic mergers & acquisitions of small and medium-scale companies. For instance,

In 2017, Synthetic Grass Warehouse, Inc. an America based company announced launching its new artificial turf named, Everlast Turf’s Nature’s Best. The product is aimed to provide realistic looking artificial grass with enhanced durability.
In August 2019, SportGroup subsidiary company, AstroTurf acquired, an American company, Nagle Athletic Surfaces Inc. The acquisition assisted the company to capitalize on the extensive range of products of Nagle Athletic Surfaces, Inc. and increase their market share.

Key Companies Profiled

Dow dupont
Tarkett
Shaw Industries
Victoria PLC
Controlled Products
ACT Global
Sport Group
Tigerturf
SIS Pitches
Matrix Turf

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More Insights into the Artificial Turf Market Report

In its latest report, FMI offers an unbiased analysis of the global artificial turfs market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of infill material (rubber, sand, and other) and application (contact sports, non-contact sports, leisure, and landscaping) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).