Market Research Blog

As per the latest analysis, the global static VAR compensator market value is forecast to increase from USD 1,020.2 million in 2024 to USD 1,667.0 million by 2034. Over the assessment period, global demand for static VAR compensators is predicted to surge at a CAGR of 5.0%.

The thyristor controller reactor segment dominates the global SVC market, holding a volume share of 41.1% by 2024. On the other hand, the static synchronous compensator segment is anticipated to record a higher CAGR of 5.1% through 2034.

Several factors are projected to stimulate growth of the global static VAR compensator industry during the assessment period. These include escalating electricity demand, integration of renewable energy sources, and a growing need for enhanced grid stability, power quality, and efficient power transmission and distribution systems.

As the world continues to face electricity challenges, the spotlight is falling on advanced technologies like static VAR compensators. These compensators are gaining wider popularity due to their ability to maintain grid stability and efficiency, which is essential for ensuring reliable electricity supplies.

Access the Competitive Dashboard and Conduct a Comprehensive Market Share Analysis for Leading Industry Players.
https://www.futuremarketinsights.com/reports/sample/rep-gb-17459

Rapid urbanization and industrialization are generating significant electricity demand globally. To meet this demand, huge investments are being made to develop power grid infrastructure, resulting in higher demand for SVCs, which are widely used to improve grid efficiency and reliability.

Static VAR compensators play a crucial role in enabling a smooth transition towards a renewable-powered future. Thus, the transition towards renewable energy sources like solar and wind power will generate significant demand for effective grid management tools to address voltage fluctuations.

Key Takeaways from Static VAR Compensator Industry

• The global SVC market is projected to grow at 0% CAGR through 2034.
• By product type, the thyristor controller reactor segment is set to total a valuation of USD 664.8 million by 2034.
• By end-use industry, the energy utilities segment is forecast to hold a market share of 0% in 2024.
• East Asia is set to account for a prominent market share of 5% in 2034.
• China’s industry value is anticipated to reach USD 257.8 million by 2034.
• Revenue in the United States is projected to total USD 169.8 million by 2034.
• Demand in Italy is predicted to rise at 9% CAGR through 2034.

“The static VAR compensator market is experiencing robust growth fueled by escalating demand for grid stability, improved power quality, and efficient power transmission solutions. As industries and utilities seek to enhance their electrical systems’ reliability and performance, the need for static VAR compensators continues to increase steadily,” opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

The global static VAR compensator market is fragmented, with top players accounting for about 40% to 45% of the share. Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, ABB, Emerson Electric Co, Hyosung Corporation, Fuji Electric, NR Electric Co., Ltd., Nissin Electric Co., Ltd., S&C Electric Company, American Superconductor Corp., NR Electric Co., Ltd., and Merus Power Dynamics Oy are the leading static VAR compensator manufacturers and suppliers listed in the report.

Key players are focusing on developing innovative solutions with enhanced efficiency and reliability to meet the evolving needs of end users. They also implement strategies like acquisitions, mergers, agreements, and partnerships to strengthen their footprint.

Recent Development in Static VAR Compensator Industry

• In 2022, Mitsubishi Electric Corporation introduced three new Large DIPIPM+TM transfer-mold intelligent power modules.

Market Segmentation of Static VAR Compensator Industry

By Voltage Level:

• Low Voltage (400V to 1KV)
• Medium Voltage (1KV to 69KV)
• High Voltage (Above 69 KV)

By Product Type:

• Thyristor Controller Reactor
• Thyristor-switched Capacitor
• Thyristor-controlled Series Capacitor
• Static Synchronous Compensator

By Application:

• Voltage Control
• Power Factor Correction
• Grid Stabilization
• Renewable Energy Integration
• Transmission Line Compensation

By End-use Industry:

• Power Generation
• Renewable
• Non-renewable
• Energy Utilities
• Electric Traction
• Mining and Metal
• Oil and Gas
• Textile
• Cement
• Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global tile adhesive market is projected to reach USD 5.2 billion by 2033, growing at a robust CAGR of 6.9% during the forecast period. This growth is driven by increasing demand for durable, high-performance adhesives in both residential and commercial construction sectors, fueled by rapid urbanization, infrastructure development, and a surge in renovation activities. As consumers and builders seek efficient and long-lasting solutions for tile installation, the market is witnessing advancements in product innovation, with adhesives offering improved bonding strength, water resistance, and environmental sustainability. Furthermore, the rise in DIY projects and the expansion of global construction industries are contributing to the market’s steady expansion.

The rising number of commercial and residential development and renovation projects worldwide is expected to drive the demand for flooring, consequently increasing the demand for tile and stone adhesives. Additionally, government initiatives aimed at promoting industrial expansion, tourism, and development are further expected to contribute to market growth. For instance,

The thriving tourism sector has led to significant growth in the hotel and accommodation industry. Also, the demand for tile adhesives is expected to be fueled by the increased demand for tiles in the development of such areas.

The urbanization trend in developing countries, driven by employment opportunities and a higher quality of life, leads to increased infrastructure construction. This, in turn, boosts the demand for tile and stone adhesives, specifically ceramic tile adhesives.

Various regions experience significant development in civic infrastructure. Governments of developing countries like India are actively promoting the construction industry, such as through schemes like ‘Pradhan Mantri Awas Yojna’, a subsidy program for first-time homebuyers. These initiatives stimulate residential construction demand and drive the market for ceramic tile and stone adhesives.

Key Takeaways

• The market in China is anticipated to expand with a CAGR of 8.1% during the forecast period.
• The demand for tile adhesive in the United States is projected to expand with a significant CAGR of 6.7% from 2023 to 2044.
• By end-use, the residential construction segment is expected to record a CAGR of 7.9% between 2023 and 2033.
• Germany is expected to create demand for tile adhesives with a CAGR of 6.4% during the forecast period.

Increasing demand for luxury homes in urban areas and rising migration from rural areas to urban cities is expected to boost the demand for tile adhesives during the forecast period – comments an FMI Analyst

Competitive Landscape

The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

Leading Players in the Tile Adhesive Market

• 3M Company
• Henkel AG
• Illinois Tool Works (ITW Plexus)
• Huntsman
• Ashland
• Sika
• H.B. Fuller
• Royal Adhesives
• Uniseal
• Ellsworth Adhesives
• Bickers Klebetechnik GmbH
• wedi GmbH
• 1a Bauchemie GmbH
• AB BECHCICKI Sp
• Akzo Nobel Deco GmbH

Explore the Full Tile Adhesive Market Report for Expert Insights!

Key Segmentation

By Type:

• Cementitious
• Dispersion
• Reaction Resin

By Application:

• Wall
• Floor
• Ceiling
• Others

By End Use:

• Residential
• Commercial
• Industrial and Institutional

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global lubricant additives market is projected to experience steady growth, with an estimated value of USD 21.7 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth is driven by the increasing demand for high-performance lubricants in industries such as automotive, industrial manufacturing, and machinery, as well as the rising focus on fuel efficiency and environmental sustainability. Lubricant additives play a crucial role in enhancing the performance of lubricants by improving their viscosity, reducing friction, and offering corrosion resistance, which further fuels their adoption across various applications.

Lubricant additive offers environmental benefits and is gaining attention from major players due to increasing environmental concerns. The evolving engine oil specifications, such as GF-6, are driving the demand for innovative lubricant formulations and additives. Automotive manufacturers and lubricant formulators are compelled to develop engine oils that meet these specifications, leading to a healthy growth in the demand for engine oil lubricant additives in the future.

The performance and efficiency of modern engines rely heavily on an effective lubrication system. Lubrication plays a crucial role in cooling the internal engine parts that experience friction and generate heat, preventing overheating. As engine technology evolves, such as with Gasoline Direct Injection and Turbocharge Gasoline Direct Injection in passenger cars, lubricant standards have also advanced.

The implementation of the ILSAC GF-6 standard in North America in 2020 has improved fuel economy, protection for emission systems, and engine oil robustness. This implementation is expected to drive the demand for lower viscosity index improver lubricants, which effectively reduce engine friction and are used in all types of vehicles.

To enhance vehicle efficiency and facilitate the transition to low-carbon vehicles, nations worldwide have introduced initiatives that encompass various automobile sectors including light-duty vehicles, heavy-duty vehicles, buses, motorcycles, and trucks. One notable example is the Global Fuel Economy Initiative launched by the United Nations in 2019 across 70 countries, with the goal of improving vehicle fuel economy and expediting the decarbonization of road transport by 2030. Consequently, there will be an increased demand for efficient lubricants such as bio-based and nanotube-based lubricants that can be utilized in new vehicles to achieve reduced engine friction and improved fuel economy.

Key Takeaways

• The market in China is expected to grow with a CAGR of 5.4% during the forecast period.
• The demand for lubricant additives in United States is expected to grow with a significant CAGR of 4.9% during the forecast period.
• By function type, viscosity index improvers segment is expected to grow with a CAGR of 5.8% during the forecast period.
• By end-use industry, automotive and transportation segment is expected to grow at a significant CAGR of 6.2% during the projected period.

“The evolving engine oil specifications and initiatives to facilitate low carbon vehicles is expected to drive market growth,” comments an FMI Analyst

Competitive Landscape

The market for lubricant additives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are Afton Chemical Corporation, BASF SE, BRB International, Chevron Chemicals, Evonik, Lubrizol, Infineum International, Croda International PLC, Dover Chemical Corporation.

Some recent developments in lubricant additives market are:

• In May 2022, BASF SE expanded its lubricant additives market by launching a new product and doubling its production capacity for Irganox.
• In October 2022, BASF Petronas Chemicals Sdn. Bhd., a joint venture between BASF SE and Petronas Chemicals Group Bhd., announced plans to double the annual production capacity of its 2-Ethylhexanoic Acid plant in Malaysia. This expansion will increase the joint venture’s capacity to 60,000 metric tons by the fourth quarter of 2024.
• In June 2021, Infineum expanded its single oil category II solutions for MAN B&W two-stroke engines.
• In February 2021, Dover Chemical Corporation launched DOVERLUBE 31700, a patented polymeric ester additive designed to enhance lubricity in the metalworking sector.

Gain a Competitive Edge with the Complete Lubricant Additives Market Study!

Key Segments Profiled in the Lubricant Additives Market Survey

By Function Type:

• Dispersants
• Viscosity Index Improvers
• Detergents
• Antioxidants
• Anti-wear Additives
• Friction Modifiers
• Other Functions

By Lubricant Type:

• Automotive
• Metal Working Fluids
• Industrial Engine Oil
• General Industrial Oil
• Grease

By End Use Industry:

• Automotive & Transportation
• Food Processing
• Metal Working
• Power Generation
• Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global pivaloyl chloride market is poised for substantial growth in the forecast period between 2022 and 2032, with a projected Compound Annual Growth Rate (CAGR) ranging from 4.3% to 6%. The increasing demand for pivaloyl chloride in the pharmaceutical and agrochemical industries is expected to be the primary driver of this growth. Pivaloyl chloride, also known as trimethylacetyl chloride, is a vital chemical compound utilized in various applications due to its versatile properties.

Pivaloyl Chloride is 2, 2- dimethylpropanoyl chloride, which is clear to pale yellow liquid, having pungent odor. Pivanoyl chloride is majorly used as a building block in pharmaceutical, refining chemicals, and agrochemical industries. Pivaloyl Chloride can be produced both by batch and continuous processes at a commercial scale. Pivanoyl chloride is in intermediate for various pesticides, insecticides and pharmaceutical compounds.

In pharmaceutical industry it is used to manufacture DPE, aminobenzylpenicilin, cefazolin, dipivefrin, cephalexin, and dipivalyl epinephrine. It is also majorly used to manufacture peroxy esters as well as starting materials for the manufacturing of organic peroxides. Continuous research and developments are pushing the use of pivanoyl chloride in various applications, however, stringent environmental and safety regulations are creating challenges for the manufacturers for pushing the potential sales of the pivanoyl chloride.

Market Dynamics of Pivaloyl Chloride Market

Increasing pharmaceutical and agricultural chemical industry

Pharmaceutical industry is growing at a good pace since last few years, and is also expected a strong growth, especially in emerging economies. Also increasing population of the emerging countries is putting pressure on the agricultural industry for increasing the crop production. Overall market dynamics is in the favor of the growth of the pivaloyl chloride, which is expected to accelerate the demand growth of pivaloyl chloride, during coming years.

Rise in the regulations and environmental laws

Insecticide and pesticide industry are the strictly regulated as the chemicals used in this industry are quite harmful for human beings and other environmental participants too. Therefore increase in the stringent regulations by environmental bodies are creating major challenge for manufacturers of the pivaloyl chloride. The pharmaceutical industry is in turn providing many growth opportunities for pivaloyl chloride market.

Pivaloyl Chloride market trends: Expansion, Innovation and Research

Key players in the market are investing in research and development to improve the existing products and to find new applications of pivaloyl chloride. This growth in innovation is expected to result in the increase in demand for pivaloyl chloride. Significant amount of pivaloyl chloride is also consumed as laboratory chemical, therefore increasing research activities are bolstering the growth of pivaloyl chloride market.

Global Pivaloyl Chloride Market Participants         

Some of the market participants identified across the value chain of global Pivaloyl Chloride market are:

• BASF SE
• Hebei Fude Chem-Tech
• Lanzhou Auxiliary Agent
• VWR International, LLC.
• Lubon Chemical
• CABB Chemicals
• AIHENG Industry
• Shandong Jiahong Chemical
• Shandong Minji Chemical
• JSN Chemicals LTD

Key Segments Profiled in the Pivaloyl Chloride Industry Survey

By Application:

• Insecticides Intermediates
• Pesticides Intermediates
• Pharmaceutical Intermediates

By End-Use Industry:

• Agricultural
• Pharmaceuticals
• Polymer
• Other (Chemical Industry)

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global amino acids market is expected to attain a valuation of USD 27.5 billion in 2023 and is projected to reach USD 63.4 billion by 2033, expected to expand at a CAGR of 8.7% during the forecast period. The market growth is driven by higher consumer spending power and rising awareness of healthy lifestyles and preventive healthcare. Amino acids are utilized in health supplements to alleviate muscle pain, reduce fatigue, and mitigate cardiovascular disease risks. Additionally, they are gaining popularity as nutritional sports supplements, with athletes opting for amino acid-based products like tablets, powders, and drinks to support muscle growth.

The health benefits of amino acids are expected to drive increased demand for amino acids in various nutraceuticals and dietary supplements throughout the forecast period.  Increasing consumer awareness of health and the demand for nutritious food have prompted food & beverage manufacturers to incorporate essential nutrients like amino acids into their products. This has led to a rise in customer demand for amino acids. Protein-rich diets, particularly favored by bodybuilders and athletes aiming to enhance performance and build muscle, contribute to market growth. Sports supplements such as energy drinks, nutrition bars, low-carb diets, and nutritional supplements further contribute to the market’s expansion.

The demand for amino acids is further expected to rise due to manufacturers’ initiatives like product launches, expansions, and investments. The increasing demand for amino acids in industries such as food & beverages, cosmetics, dietary supplements, and pharmaceuticals, driven by their various health benefits, presents a great opportunity for market growth. With growing consumer awareness of these benefits, manufacturers are launching new products, expanding their facilities, and making investments to cater to the diverse needs of different end-users.

The pet food industry has experienced rapid expansion, fueled by the rising popularity of household pets such as dogs, cats, fish, and birds. With an expected increase in pet ownership over the next four years, there is significant potential for businesses catering to pet-related products. The growing adoption of pets across various countries is projected to drive the demand for pet food and amino acids used in pet food, medicine, and veterinary supplements. The increasing consumption of sodium amino acids in this sector is anticipated to further propel market growth.

Key Takeaways

• The market in Asia Pacific is projected to grow with a promising CAGR of 9.6% during the forecast period.
• European market is expected to grow with a CAGR of 8.6% during the forecast period.
• By application, food and dietary supplements are expected to generate amino acid demand with a CAGR of 9.4% during the forecast period.
• By product, L-glutamate segment is expected to generate demand with a CAGR of 8.8% during the forecast period.

Discover the Future of Amino Acids Market with Our Detailed Report!

Top Players in the Amino Acids Market

• Ajinomoto Co., Inc.
• KYOWA HAKKO BIO CO., LTD.
• Evonik Industries AG
• AMINO GmbH
• Taiwan Amino Acids Co. Ltd.
• ADM Company
• Cargill, Incorporated
• DAESANG CORPORATION
• Fufeng Group Company Limited
• iris Biotech GmbH
• RSP Amino Acid, LLC
• Sumitomo Chemical Co. Ltd.

Key Segments Profiled in the Amino Acids Market Survey

By Raw Material:

• Plant-Based
• Animal Based

By Application:

• Animal Feed
• Food & Dietary Supplements
• Pharmaceutical

By Livestock:

• Swine
• Poultry
• Cattle
• Others

By Product:

• L-Glutamate
• Lysine
• Methionine
• Threonine
• Tryptophan
• Leucine
• Iso-Leucine
• Valine
• Glutamine
• Arginine
• Glycine
• Phenylalanine
• Tyrosine
• Citrulline
• Creatine
• Proline
• Serine

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

By 2023, the global phenoxycyclophosphazene market is anticipated to be worth USD 147.68 million, and by 2033, it is anticipated to be worth USD 245.88 million, growing at a CAGR of 5.2%. There are now more building and remodeling projects than ever before due to the fast urbanization and development of the world’s population. The increase in projects has fueled the need for paints and coatings, which has in turn fueled the market for phenoxycycloposphazene.

The sales of phenoxycycloposphazene is expected to rise due to increasing demand for automobiles. In addition, as phenoxycycloposphazene is a key component in manufacturing epoxy resins used in electronic devices, the rising demand for electronic equipment further boosts the market. Epoxy resins’ versatile applications in various industries also contribute to the increased demand for phenoxycycloposphazene. Moreover, ongoing research activities to explore new applications are fostering market expansion. Companies are actively ramping up their manufacturing efforts, further propelling the market during the forecast period.

The market for phenoxycycloposphazene is projected to witness significant growth due to its rising demand as a halogen-free fire retardant in electronics manufacturing during the forecast period. Additionally, the increasing use of phenoxycycloposphazene in paint production, driven by the growing number of construction projects worldwide, is expected to further boost market growth in the coming years. Companies are dedicated to enhancing the product’s UV light resistance. These innovations are expected to expand the application of phenoxycycloposphazene in the forthcoming years.

Key Takeaways

• The demand for phenoxycycloposphazene in the Asia Pacific is projected to grow with a promising CAGR of 5.1% during the forecast period.
• North America is expected to generate sales with a CAGR of 4.8% during the forecast period.
• Asia Pacific is expected to accumulate over 31% market share in 2023.
• By end-user, epoxy resins are expected to generate significant demand with a CAGR of 5.9% during the forecast period.

“Increasing demand for phenoxycycloposphazene as a halogen-free fire retardant in electronics manufacturing is expected to drive market growth during the forecast period,” comments an FMI analyst

Competitive Landscape

The market for phenoxycycloposphazene is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.

Some recent developments in the phenoxycycloposphazene market are:

• In May 2021, DuPont announced a USD 5 million investment in its manufacturing units in Germany and Switzerland, aimed at boosting the production capacity of its high-performance automotive adhesives.
• In August 2021, Mitsubishi Chemical announced a USD 915 million investment to construct a new unit in Louisiana. As a prominent chemical manufacturer in Japan, the company is expanding its operations with this investment.
• In February 2023, the Mitsubishi Chemical Group (the MCG Group) revealed its plan to establish a new facility at the Okayama Plant, aimed at increasing the production capacity of GOHSENX™ and Nichigo G-Polymer™, specialty brands of polyvinyl alcohol resin (PVOH resin). The facility is set to begin operation in October 2024.

Access the Complete Report for a Comprehensive Overview!

Top Key Players in the Global Market

• DuPont
• Mitsubishi Chemical
• Tianjin Zhongxin Chemtech Co., Ltd.
• Zibo Lanyin Chemical Co. Ltd.
• J & K Scientific Ltd.
• Chembridge International Corp Ltd
• T&W GROUP
• Skyrun Industrial
• Tokyo Chemical Industry Co., Ltd
• TCI EUROPE N.V

Key Segments Profiled in the Phenoxycycloposphazene Market

By End-User:

• Epoxy Resins
• Led Luminous Diode
• Copper Clad Plate
• Paints
• Encapsulating Material

By Application:

• Halogen Free Fire Retardant

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube