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According to Future Market Insights’ (FMI) recently published report, the global transportation coating market 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.

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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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.

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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.

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.

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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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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HVAC systems assume an imperative job in lessening food degradation and broadening the food products’ shelf-life. Aside from being a fundamental part of the food transportation sector, HVAC systems are essentially utilized all over the residential and commercial industries around the world. As of late, attributable to the advancing scene of guidelines and developing awareness over comfort, energy savings, and ozone depletion, the need for enhanced compressor systems and technologies saw a huge development.

Moreover, the quick implementation of low global warming potential (GWP) refrigerants or common refrigerants is observable in commercial as well as household refrigeration equipment. In the perspective on expanding stringency of guidelines relating to HVAC systems and developing ecological concerns, refrigeration & air conditioning compressor makers are persistently concentrating on upgrading the effectiveness of their items. These makers are further prone to put down their wagers on the generation of profoundly productive compressors that have lower ecological effects as well as conform to the advancing guidelines.

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From scroll innovation to the approach of variable paces, HVACR compressors have encountered noteworthy progressions in the most recent couple of decades. As of late created compressors are forcing productivity restrains like never before, inferable from the implementation of new and cutting edge innovations. Present-day compressors have shown improved effectiveness and low impression on the ecology, notwithstanding satisfying the consumer’s needs. The company’s dynamic in the worldwide market is concentrating on accomplishing the most extreme system productivity by magnetic bearing, vapor compression, modulation, oil-free, and deploying technologies. Moreover, the implementation pace of natural refrigerants that have a lower global warming potential has expanded at a relentless pace over the most recent couple of years. For example, the stage down of R22, particularly in the emerging nations, for example, the US to curb surroundings debasement brought about a critical development in the implementation of elective refrigerants incorporating, R404, R407c, and R410a amid others.

The food transportation sector is one of the foremost end-use sectors inside the market. On the other hand, the advanced refrigeration scenario is quickly developing inferable from guidelines set by government organizations. Inside the food and beverage sector, industrial refrigeration systems assume a basic job in shielding the nature of food products. In this manner, the need for efficient refrigeration compressors and technologically advanced from the food sector saw a critical development as of late and the trend is anticipated to proceed in the approaching years.

Makers working inside the worldwide market for refrigeration & air conditioning compressors are probably going to tune their product advancement procedures dependent on the developing guidelines. Further, in their endeavors to create smart compressors, companies will lean towards the implementation of mechanical innovations and novel technologies. Also, the general development of the commercial sector and expanding trade volume of frozen food are a few aspects that are leaning to impel the development of the worldwide market for refrigeration and air conditioning compressors in the approaching years.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global graphite market is anticipated to reach a value of US$ 43,357.6 Mn by 2032, with the market expanding at a positive CAGR of 6.5% during the forecast period of 2022 and 2032. Valued at US$ 21,609.2 Mn in 2021, the graphite market will likely reach an estimated US$ 23,097.7 Mn in 2022.

The escalating application of graphite in various end-use industries like batteries, foundry facing, lubricants & crucible, refractories and others drive the graphite market to grow over this period of observation. The advantages of using graphite such as good thermal and electrical conductivity, lubricity, chemical resistance, and others propel the adoption of graphite in various industries.

One of the primary market drivers of graphite is the expanding electric vehicles sector. Graphite is used in the production of anodes that are needed in batteries, particularly of electric vehicles. Also, rising concerns for the environment coupled with increasing awareness about pollution and such foster growth for the electric and hybrid electric vehicles.

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Hence, the advancing electric vehicles sector will fuel the sales of the graphite market during this period of observation. The refractory industry, too, is predicted to promote the market expansion of graphite. Graphite is used in this industry for creating goods in high-temperature conditions like linings for kilns, incinerators, and furnaces. This is expected to bode well for the graphite market through the forecast period.

In addition to this, escalating demand for solar panels all over the world along with an increase in the need for Li-ion batteries in electric vehicles will further propel the target market. Usage of graphite in solar panels lessens the cost and optimizes the efficiency.

In the automotive sector, the high thermal resistance, chemical inertness, and the porous nature of graphite makes it the most preferred material for the production of anode in Li-ion batteries. All of these factors promote an environment of growth for the graphite market over the projected period.

“Expanding electric vehicle sector along with an elevated demand for solar panels are expected to fuel the graphite market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• Huge demand in various end-use industries to present lucrative opportunities.
• Expensive graphite purification process can dampen the market growth.
• In 2022, the U.S. graphite market is expected to hold about 13.2% of the revenue share.
• China is predicted to account for 70% of graphite consumption in East Asia in 2022.
• In terms of application, the refractories segment is predicted to dominate the market.
• High demand for electric vehicles boost the sales of synthetic graphite lubricants.

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Competitive Landscape 

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., Advanced Biopolymers AS, Mahtani Chitosan Pvt. Ltd Vardhman Acrylics Ltd., and others are some of the major players in the graphite market profiled in the full version of the report.

Leading market players are keen on entering and expanding their businesses in emerging economies. Other players are concentrating on the integration of advanced manufacturing technology to produce high-purity graphite to comply with the escalating demand.

Graphite Market Outlook by Category

By Product Type:

• Natural Graphite
  • Flake
  • Amorphous
  • Vein
• Synthetic Graphite
  • Graphite Electrode
  • Carbon Fiber
  • Graphite Blocks
  • Graphite Powder
  • Others

By Application:

• Refractories
• Lubricants & Crucible
• Foundry Facing
• Batteries
• Others

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite. Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study. Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.

While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth. Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries.

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Key Takeaways of Silicon Anode Battery Market Study

• Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
• Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
• Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
• Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
• Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

“Silicon anode manufacturers are likely to capitalize on the increasing demand for electronic vehicles. Higher focus on environmentally-friendly technologies will continue offering attractive opportunities,” said a lead analyst at FMI.

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

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Who is Winning?

Some of the leading players operating in the silicon anode battery market are Amprius Inc, Nexeon Ltd, Enevate Corp and Boston Power Inc.

The Silicon Anode Battery market is a highly competitive market dominated by regional players. These companies are striving to offer the most optimized solutions while mitigating the technical challenges.

Companies operating in the market have been focusing on capacity expansion and introducing innovative solutions. For instance, Canada-based startup TRION Energy has been focusing on addressing incumbent challenges by adding silicon to graphite using its low cost technology called SiMoGraph technology.

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About the Report:

The research report analyzes the total sales of silicon anode battery on the basis of volume (MWh) and value (US$ Mn). The market is projected on the basis of factors such as industrial growth of battery sector, developments in battery technology, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of silicon anode battery.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The worldwide Corrosion Protection Rubber Linings and Coatings market is anticipated to account for nearly US$ 12,000 Mn sales by 2022-cease. In step with a contemporary studies by way of destiny market Insights (FMI), the worldwide market for corrosion protection rubber linings and coatings will register a healthy enlargement during the forecast length (2017-2022).

Producers focusing on development of exceptionally-volatile Deterioration-resistant substances

Shifting end-user preferences from solvent-borne answers to water-borne answers is a key fashion being located in the marketplace presently. Producers of corrosion protection merchandise are an increasing number of focusing on safeguarding numerous cease-use zone’s operational performance.

Those manufacturers are also taking steps to cater the imperative need of preventing outside corrosion of industrial surfaces. Similarly, the focal point on improvement of surprisingly-unstable deterioration-resistant substances is growing on the returned of developing inclination in the direction of technologically-advanced corrosion coating.

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Industrial centers constructed from Carbon steel at high danger of Corrosion

International leading producers of corrosion protection rubber linings and coatings are making heavy investments in studies and development activities, in a bid to increase new strategies for whole prevention of corrosion. Various commercial facilities, ranging from processing gadget, water treatment flora, oil & herbal gasoline tank farms, to pipelines, are at big chance of corrosion, specially the ones whose structures are fabricated from carbon steel.

This is specifically because carbon steel is tremendously vulnerable to corrosion, which has resulted into manufacturing downtime, and restore & replacement sports. Several proactive industries are therefore transferring past traditional techniques which might be best able to slowing down the corrosion.

The industries are in addition transferring toward adoption of novel strategies, which allow entire prevention from corrosion, thereby minimising fee, and manufacturing downtime had to update, restore, or recoat the corroded system or material. In step with international Corrosion company, over 3% of world’s GDP is spent on corrosion-related activities across the globe yearly.

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.
• AkzoNobel NV.

Market Taxonomy

The report delivers a segmentation-wise forecast and analysis of the global corrosion protection rubber linings and coatings market. Each segment of the market is analysed discretely, with the provision of country-wise forecast and cross-sectional data. The market has been categorised on the basis of form type, product type, end-use, and region.

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Product Type

• Hard Rubber Lining Systems
• Soft Rubber Lining Systems

End Use

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

Form Type

• Solvent-borne
• Waterborne
• Powder-based

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global standard EN 13725 states that adequate measures need to be taken to minimize the nuisance caused by foul odours. To reduce unwanted variability, air quality is determined by dynamic olfactometry and the procedure should be performed biannually. The measurement is usually compared with the standard data and such regulations have been passed not only in developed economies but also in developing ones. Future Market Insights in its report titled ‘Odour Control System Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027′ has studied the odour control system market for a period of ten years. The odour control system market is anticipated to grow with a robust CAGR of 5.3% for the decade.

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System Type – Chemical Odour Control to Lose Share to Biological and Physical Odour Control

The chemical odour control segment had the largest share in the odour control system market in 2012 but is on track to lose its leadership position to the physical odour control segment in 2017. However, the growth of the physical odour control segment pales in comparison to the biological odour control segment with the latter predicted to gain a massive 280 BPS by the end of the forecast period. The biological odour control segment may well witness the highest value CAGR of 6.4% from 2017 to 2027.

Application – Noxious Fumes from Chemical and Petrochemical Segment Require Odour Control Systems

The chemical and petrochemical segment have a market share of over a third in the odour control system market by application segment at the end of 2017 and is likely to remain so for the foreseeable future. The chemical and petrochemical segment is expected to be worth more than half a billion dollars by the end of the decadal study – considerably larger than other segments. Chemical reactions produce odorous compounds such as H2S and NH4 that need to be treated to comply with environmental regulations and avoid corrosion.

Region – APEJ Key Region in Odour Control System Market

APEJ has the maximum share in the odour control system market and could gain 280 BPS at the expense of all other regions barring Japan in the odour control system market. Booming industrial and infrastructural growth in China and India in particular has been significant in the past few years and should sustain for some time to come. Additionally, stringent environmental regulations might be passed in order to control the scourge of air pollution in these nations. The APEJ odour control system market is estimated to record a CAGR of 6.0% for the period.

Competition Dashboard in Odour Control System Market

Key stakeholders profiled in odour control system market report are Babcock & Wilcox Enterprises, CECO Environmental., ERG (Air Pollution Control) Ltd, Anguil Environmental Systems, Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH, Environmental Integrated Solutions, IPEC NV, TANN Corporation, Odour Pro, ECS ENVIRONMENTAL SYSTEMS, Perceptive Industries, Air Technology Systems Ltd., BioAir Solutions, Integrity Municipal Systems, ROMTEC UTILITIES, RPC Technologies Pty Ltd, and COMBINED SEPARATION SYSTEMS PTY LTD.

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Takeaways

The deployment of odour control systems is largely dependent on factors such as growth in the customer base and regulations that mandate the installation of these systems. The chemical and petrochemical industry segment is the one to look out for as expansion projects and renovations of existing systems is poised to influence market growth. Furthermore, environmental degradation has led to the use of effective waste treatment and recycling strategies. Countries are spending substantial sums on installing and rehabilitating existing systems and companies are also expanding their global presence in the odour control system market.

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Account for over three-fourth revenue share of the market, re-roofing end market segment is expected to dominate the global asphalt shingles market during 2017 to 2022. However, this end-market segment is projected to register a low CAGR through 2022.

On the other hand, sales of asphalt shingles in new construction end-market segment are expected to register a relatively higher CAGR through 2022. A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022.

However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.

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Extreme Weather Conditions Owing to Global Warming to Fuel Adoption of Asphalt Shingles

Global warming is now being called as climate change, and has been affecting subtropical regions to experience extreme cold weathers and even witness snowfall at times during winters. As some of these regions fall under developing or underdeveloped economies, cost of roofing activities becomes a major concern for the population thriving here.

A wide variety of roofing materials are available across the globe based on performance, structural, economic, and aesthetic requirements. These include cedar shake, slate, clay tiles and metal. However, asphalt shingles provide enough aesthetic appeal, along with adequate protection at just a small fraction of the amount invested for other roofing materials.

Moreover, asphalt shingles are cost-effective and are able to easily get replaced when damaged. Demand for asphalt shingles will therefore gain traction, with spending on residential building construction expected to witness a surge in the near future.

Fiberglass to Remain Most Attractive Composition of Asphalt Shingles

Fiberglass and organic are two composition types of asphalt shingles available in the global market. While organic asphalt shingles are comparatively more durable than fiberglass, they are more flammable, therefore highly prone to fire. In addition, they are less eco-friendly owing to relatively higher asphalt content.

Fiberglass shingles provide excellent fire resistance, making them to gradually replace the organic shingles for roofing activities. Fiberglass is expected to remain the most attractive composition of asphalt shingles, with sales estimated to account for approximately US$ 8,000 Mn by 2022-end.

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Laminates to Remain Sought-After among Products in the Market

Laminates asphalt shingles are expected to remain sought-after among products in the market, and their sales are projected to hold over half revenue share of the market. High demand for laminates asphalt shingles can be highly attributed to increased attraction towards roofing materials with high wind resistance, impact resistance, and protection from degradation owing to exposure to elements.

In addition, sales of strip asphalt shingles are expected to exhibit the highest CAGR in the market through 2022, based on product type. Although North America is anticipated to remain the largest market for asphalt shingles, Asia-Pacific excluding Japan (APEJ) is projected to register a relatively faster expansion through 2022. Middle East & Africa (MEA) and Japan are expected to remain the least lucrative markets for asphalt shingles over the forecast period.

Manufacturers Shifting Focus toward Enhancing their Brand Reputation

Leading manufacturers of asphalt shingles are focusing their shift toward enhancing their brand reputation by offering wide range of products, and higher quality standards as compared to other competitors in the market. Key players in the market are adopting business strategies to come up with advanced & sophisticated product development techniques.

They are also concentrating on development of an established manufacturing process, and in-depth understanding of market and customers. Key market players listed in FMI’s report Include Atlas Roofing Corporation, Polyglass U.S.A., Inc., Tarco, Inc., TAMKO Building Products, Inc., Siplast, Inc., IKO Industries, Ltd., Malarkey Roofing Products, Henry Company LLC, Certain Teed Corporation, and Owens Corning.

Product Type

• Heavy Laminates
• Laminates
• Strip

Composition

• Fiberglass Asphalt Shingles
• Organic Asphalt Shingles

End Market

• New Construction
• Re-roofing

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Market Taxonomy

The report also includes chapters comprising a segmentation-wise forecast and analysis on the global asphalt shingles market. The global market for asphalt shingles is segmented based on product, end market, composition, and region.

Along with the segmentation analysis offered, the report also renders country-specific analysis & forecast, and the cross-sectional data concerning the market. The details regarding taxonomy of the global asphalt shingles market have been portrayed in the table below.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global coating additives market is expected to register a robust CAGR of about 4.8% between 2022 and 2032. The market was evaluated at around US$ 10,613.3 Mn in 2021 and is predicted to reach US$ 17,724.8 Mn by 2032. According to the historical period, the global coatings market registered a healthy CAGR of 4.0% between 2016 and 2021.

This growth is attributed to surging demand from a wide range of industries. Being one of the most crucial ingredients, coating additives are made up of such crucial ingredients consisting of coating formulations that help in regulating its performance. These additives are utilized in a variety of products, including automotive coatings, furniture, and construction.

The rising demand for coatings additives is attributed to its widespread usage in several end-use industries such as automotive, architecture, wood & furniture, and others are expected to drive the market. Considering this, the global coating additives sales are projected to increase at 1.6x, exceeding US$ 11,090.9 Mn in 2022.

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Coating additives are widely used to comply with stringent zero-VOC emission regulations, and various governments all over the world are increasing the demand for eco-friendly additives. Therefore, the introduction of green coating in several industries is expected to increase its sales.

These coating additives are known for their technologically advanced features that incorporate complex formulations and are induced in paints in order to enhance the quality and performance. On the back of such advancements in coating additives technology, demand in the market is expected to witness lucrative growth at a steady pace over the projection period.

Key Takeaways

• Coating additives are known as the type of substances that are added to paints in order to elevate their performance and quality. These additives are utilized to enhance product characteristics and reduce or eliminate issues that arise during the production processes for formulating paint systems.
• One of the major factors propelling the growth of the coating additives market is the surging demand for environmentally friendly products all over the globe. Growth in the market is elevated by ongoing developments in the chemical industry, expansion of automotive and construction industries along with the expensive use of raw materials in order to improve the quality and application of coating formulations.
• The coatings additives market is anticipated to accelerate over the projection period since it is being benefited from the increased research and development activities in the sector. According to a recent study, key players in the market are likely to capitalize on the rising preference for long-lasting and appealing finishes and the popularity of customized coatings.
• Coating additives are considered to be a subset of chemically engineered materials with multiple uses in fields. These materials’ performance improvements have led to their widespread incorporation into coatings formulations.
• Some of the prominent chemical properties such as improved wettability, rheology, dispersion, UV protection, chemical resistance, and high-temperature stability add up to the formulation. The aforementioned factors and widespread expansion of industries have led to propelling the market growth over the assessment period.

Competitive Landscape

In order to efficiently meet the surging demand for functional additives, leading players in the coating additives producers’ market are creating novel products and expanding their geographic reach. For having a strong presence in the global market, it is crucial to make sure that prominent manufacturers in the market are also signing long-term supply contracts with raw material suppliers and end users.

Players –Akzo Nobel NV, Arkema SA., Ashland Global Holdings Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Solvay SA, Momentive Performance Materials, Inc., Arch Chemicals, Lonza Group AG

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Coating Additives Market By Category

By Product Type:

• Acrylics
• Fluoropolymers
• Urethanes
• Metallic Additive
• Others (Epoxy, Polyalkyds, and Amines)

By Formulation Type:

• Solvent Based
• Water Based

By End Use Industry:

• Automotive
• Architectural
• Industrial
• Wood & Furniture
• Others

By Application:

• Rheology Modification
• Biocides Impact Modification
• Anti-Foaming
• Wetting & Dispersion
• Others (slip & rub, flexibility, curing)

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More Insights into the Coating Additives Market

China is known as a crucial producer of coating additives, providing a sizable portion of the global paint supply. The output of coatings in China has witnessed significant growth, especially in the paint and construction sectors rises. In addition to that, domestic consumption is rising due to the rapid expansion of industries such as real estate and automotive.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per a recent study by FMI, the global elemental sulphur market is estimated to exceed US$ 6.27 Bn in 2021. Rising application of elemental sulphur in chemical refining, mining & metallurgy, and paper & plastic industries is propelling the demand in the market.

Elemental sulphur is gaining immense popularity across the agrochemical industry. It is extensively being used in the production of fertilizers, owing to high contents of amino acids, such as cysteine and methionine, which enhance crop yield and product quality. On account of this, the market is projected to expand at 3% CAGR during the forecast period from 2021 to 2031.

Hence, rising emphasis on improving agricultural yield in emerging economies such as India, China, and Brazil is anticipated to create lucrative sales opportunities in the market.

Numerous agrochemical manufacturers are focusing on launching sulphur-based fertilizers to capitalize on these opportunities. For instance, Nutrien, recently announced launching its Smart Nutrition MAP+MST fertilizer, which offers a combination of micronized sulphur and phosphates to provide a consistent supply of nutrients to plant for better yield.

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A slew of such product launches and development is expected to accelerate the sales, with the market registering year-on-year growth of 3.3% between 2020 and 2021.

In terms of source, the gas-based elemental sulphur segment is projected to hold a dominant share in the market. Rising preference for using natural gas reservoirs for extracting sulphur, owing to their cost-effective attribute is facilitating the growth in the segment.

“Increasing application of products derived from elemental sulfur such as sulfuric acids, sulfhydryl, sulfites, carbon sulfides, and sulfurous gas in water treatment, mining, and chemical manufacturing is expected to augment the growth in the market,” says a FMI analyst.

Key Takeaways from Elemental Sulphur Market Study

• North America market is estimated to expand at a CAGR of 2.6% through 2031, owing to the presence of favorable government policies to support the expansion of the mining industry in the U.S.
• Backed by increasing demand for sulphuric acid from wastewater treatment in the U.K., sales in Europe are projected to rise at 2.3% CAGR over the assessment period.
• China is forecast to lead the market in East Asia, favored by increasing demand for sulphur-based fertilizer in the country.
• South Korea and Japan elemental sulphur market are anticipated to, collectively, account for nearly 3.30% of the total market share in 2021.
• Based on application, the agrochemical segment is expected to emerge as the most attractive segment owing to the rising government emphasis on increasing agriculture yield.

Key Drivers

• Increasing use of sulphur in the inverse vulcanization of black rubber and plastics during their production is propelling the demand for elemental sulphur across the rubber & plastics segment.
• Rising application of sulphur derives across the packaged food industry as preservatives in ready-to-eat food and beverages are expected to drive the growth in the market.

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Key Restraints

• Implementation of stringent regulation regarding the sulphur use due to its adverse effect on the environment is hampering the growth in the market.
• High cost equipment required for mining and rising inclination towards using gas-source for elemental sulphur extraction are factors posing a challenge for the growth in the mining segment.

Competitive Landscape

Top 5 companies operating in the global elemental sulphur market are Abu Dhabi National Oil Company, Royal Dutch Shell Plc., The Saudi Arabian Oil Company, OAO Gazoprom, and Valero Energy Consumption. These players are projected to account for around 23% of the total market share in 2021.

Leading players are focusing on adopting inorganic strategies such as mergers, acquisitions, and collaborations with other industry players to expand their production capacities and strengthen their global footprint.

Some of the key players operating in the market profiled by FMI are:

• The Saudi Arabian Oil Company
• Marathon Petroleum Corporation
• Exxon Mobile Corporation
• Tengizchevroil
• Valero Energy Corporation
• Sinopec Corp.
• Royal Dutch Shell Plc.
• Pemex
• OAO Gazprom
• Abu Dhabi National Oil Company
• Motiva Enterprises LLC
• ConocoPhillips Company
• Oxbow Corporation
• PotashCorp
• Suncor Energy Inc.
• Flint Hills Resources
• Montana Sulphur & Chemical Co.
• Jordan Sulphur
• National Est. for Agricultural & Industrial Sulphur

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More Valuable Insights on Elemental Sulphur Market

FMI, in its new report, offers an unbiased analysis of the global elemental sulphur market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in elemental sulphur market with detailed segmentation:

Palletizing robots are a kind of equipment that help in the automatic compiling of various kinds of products on a pallet. The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period.

Before the product is transported and distributed to different locations, pallet wrapping functions are an important part of the packaging line workflow. More advanced forms of palletizing robots have emerged as a result of advancements in the field of robotics, capable of lifting heavy weights and even products from greater heights due to their long arms.

Furthermore, hybrid palletizing robots with a simple user interface and simple operation, as well as being cost effective and efficient to use, have been developed. These hybrid palletizing robots can handle delicate products and perform complex tasks. Palletizing robots that can operate at high speeds and deliver high quality are becoming more common as technology advances in this field.

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4 Forecast Highlights on Global Palletizing Robots Market

• As per the forecast of Future Market Insights, the bag palletizing segment is slated to touch a value of more than US$ 600 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The bag palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
• As per the forecast of Future Market Insights, the pharmaceutical segment will reach a value of about US$ 96 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical segment is forecasted to account for more than one-tenth of the total revenue share of the end use type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Future Market Insights, the consumer products segment is slated to reach a value of about US$ 350 Mn in 2022. The consumer products segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the consumer products segment.
• Future Market Insights forecasts the China palletizing robots market to exhibit a compound annual growth rate (CAGR) of nearly 16% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the palletizing robots market like KUKA AG, DAN-Palletiser AS, ABB Limited, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Brenton, LLC, Fanuc Corporation, Remtec Automation, LLC, YASKAWA Electric Corporation and Krones AG.