Market Research Blog – Page 9653 – New Product Development

Tire Materials Market is Expected to Cross US$ 100 Billion by 2022-2028, Says Future Market Insights

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research.

According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires.

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Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires. Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years.

The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities.

Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years. A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion.

Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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Tire Materials Market by Category

By Material Type:

Natural Rubber
Synthetic Rubber
Fillers
Process Chemicals
Steel Cords
Textile Cords

By Tire Types:

Solid Tire
Pneumatic Tire
Retreated Tires

By Vehicle Types:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Wheelers

East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

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North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products. However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

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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 6-years.

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Zeolite for Detergents Market to be Worth US$ 1,754.1 Million by 2022-2028, Get Insights FMI

Future Market Insights delivers key insights on the global zeolite for detergents market in its latest report titled ‘Zeolite for Detergents Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’. The long-term outlook of the global zeolite for detergents market remains positive with the market value expected to increase at a CAGR of 2.7% during the forecast period (2022 – 2028).

Among product type segments, the Zeolite A segment is expected to expand at a significant CAGR in terms of value and volume over the forecast period. The global sales of zeolite for detergents is estimated to be valued at US$ 1,494.9 Mn by the end of 2022.

North America is estimated to account for a value share of 24.7% in the global zeolite for detergents market by 2022 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on drivers and restraints likely to impact the market during this period.

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Zeolite for Detergents Market: Dynamics Influencing Revenue Growth

Increasing demand for powder and liquid detergents across the globe is the key driving factor for the growth of the zeolite for detergents market. Moreover, restrictions or limitations on the use of phosphate compounds in detergents across the globe result in an increase in the demand for zeolites as alternative materials.

Further, with growing economic prosperity, rising disposable income and increasing purchasing power, the demand for personal care and home care products is increased in developing countries. This increasing demand will in turn help drive raw material markets such as zeolite, surfactant, and additive, among other.

Further, increasing demand for and consumption of eco-friendly alternative products across the globe provide impetus for the growth of the zeolite for detergents market. Further, several zeolites manufacturers are focusing on providing customized product offerings in order to gain a competitive edge over other players.

Zeolite for Detergents Market: Segmentation Analysis

The zeolite for detergents market can be segmented on the basis of product type as Zeolite A, Zeolite P and Zeolite X & AX.

On the basis of product type, the zeolite A segment is estimated to dominate the market in terms of value over the forecast period
The Zeolite X and AX segment is estimated to grow with a significant CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 52 Mn between 2022 and 2028

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Zeolite for Detergents Market: Regional Market Projections

North America is expected to dominate the market with a 24.7% market share in terms of revenue in the global zeolite for detergents market by the end of 2022. After North America, Western Europe is expected to account for a dominant revenue share in the global zeolite for detergents market through 2028.

The China market is projected to hold a significant market share in terms of value in the global zeolite for detergents market over the forecast period, exhibiting a CAGR of 3.0%.

Zeolite for Detergents Market: Vendor Insights

Some of the players reported in this study on the global zeolite for detergents market are PQ Group Holdings Inc., Chalco Shandong Advanced Material Co. Ltd, National Aluminium Company Limited, Anten Chemical Co. Ltd., Silkem d.o.o., IQE Group, Gujarat Credo Mineral Industries Ltd., Sachem Inc., Huiying Chemical Industry (Xiamen) Co. Ltd., Manek Group (Manek Mineral), Kunjan Silicate Pvt. Ltd., Fujian Risheng Chemical Co. Ltd., Guangzhou Hengbang Fine Chemical Co. Ltd., Huiying Chemical Industry (Quanzhou) Co. Ltd., and Luoyang Jianlong Chemical Industrial Co. Ltd., among others.

What was the Impact of COVID-19 Crisis on Zeolite for Detergent Business?

Covid-19 pandemic had put a dent on the chemical industry, which is expected to get the recovery in second half of 2021. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of zeolite for detergent.

However, the pandemic led to the products used in households soaring high. Zeolite for detergent was increasingly used in households in the pandemic as a replacement to phosphate type builders.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects for detergent zeolite. Increasing prospects of zeolite A for use in detergents as a detergent builder are also expected to boost demand for the zeolites in the forthcoming years.

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Frequently Asked Questions

What is the current market value of Zeolite for Detergent?
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What will be the demand outlook for sales of Zeolite for Detergent in China?
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Fiberglass Market is Set to Reach a valuation in Excess of USD 13.1 Billion in 2032, Says Future Market Insights

Future Market Insights newly published market report, “Fiberglass (Glass Fiber) Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,” examines the Fiberglass (Glass Fiber) Market and offers crucial market insights for the next ten years.

According to the global fiberglass market report, the roving’s segment by product type is expected to dominate the overall market accounting for over 57% revenue share by 2028-end. The fiberglass (glass fiber) market is expected to register a CAGR of 4.3 % during the forecast period (2022 – 2028). The global fiberglass (glass fiber) market is expected to expand at a CAGR of 4.3 %, accounting for US$ 13.1 Bn by the end of 2028.

Global Fiberglass (Glass Fiber) Market Dynamics

With the growing need for developing walls, doors, windows, and roofs, demand for fiberglass is likely to remain high in the construction industry. Glass fiber is also used as a composite in the construction industry. Manufacturers are utilizing GFRC (glass fiber reinforced concrete), which contains hydrated cement, glass fibers and sand for diverse construction purposes.

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Incorporation of the fiberglass enables manufacturers to integrate robust features such as anti-corrosiveness, high compressive strength, tensile strength and lightweight. In addition, manufacturers prefer utilizing fiberglass pertaining to the low maintenance cost and erosion. On the account of these factors, growth of the global market is expected to remain positive over the coming years.

Further, growing number of construction projects in various developing countries such as India, Brazil, and China have led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (glass fiber) market is likely to witness a significant growth during the forecast period

However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist.

Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period

Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.

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Global Fiberglass (Glass Fiber) Market Competitive Landscape
Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.

Key Segments of Fiberglass Industry Survey

Fiberglass Market by Product Type:

Fiberglass Rovings
Fiberglass Mats
Fiberglass Strands
Fiberglass Fabrics

Fiberglass Market by Glass Type:

S-Glass
C-Glass
E-Glass
ECR-Glass
Others

Fiberglass Market by Application:

Automotive
Aerospace & Defense
Wind Energy
Construction
Marine
Sports & Leisure
Pipes & Tanks
Others

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Frequently Asked Questions

At what CAGR is the fiberglass market expected to rise over the forecast period (2022-2028?
How much is the global fiberglass market worth as of now?
What will be the possible valuation of the fiberglass market by 2028?
What market statistics are mentioned for the period of 2013 to 2021?
What market share is held by North America?

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Cold Rolling Oils/Lubricants Market to be Worth US$ 18.2 Bn by 2022-2028, Get Insights FMI

The global cold rolling oils/ lubricants market is projected to reach a value of US$ 18.2 Bn in 2028, with demand growing at a standard CAGR of 5.6% from 2022 to 2028. In 2022, the target market is expected to reach an estimated US$ 14.5 Bn. Cold rolling oils/ lubricants are in high demand from the automotive and transportation sectors.

In addition, accelerated urbanization and industrialization boost the demand for the cold rolling oils/ lubricants market during the forecast period. The growing automotive, transportation and construction sector across the globe amplify the demand for cold rolling oils/ lubricants.

An upsurge in demand for steel and aluminum sheets, among others, from automotive and construction sectors will, in turn, aid the growth of the target market during 2022-2028. The automotive industry, particularly, has contributed to this spike in demand for steel and aluminium, and has extensively shaped the demand for the target market over the upcoming years.

Moreover, the increasing investments in the industrial sector, rise in production of metals like steel and aluminium, advancing research and development of synthetic lubricants, shifting requirements for different cold rolling processes, rapid industrialization in emerging economies, and growing technological advancements are certain factors that will likely boost the global sales of the cold rolling oils/ lubricants market during the next few years.

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Again, rising FDI in the industrial and construction sector, a surge in disposable income, swift urbanization are driving the demand for cold rolled products, which ultimately bolsters the sales of cold rolling oil.

“Surging demand for aluminum sheet, steel sheet, and others from automotive and construction sector will likely augment the global growth of the cold rolling oils/ lubricants market over the forecast period,” says an FMI analyst.

Key Takeaways:

Fluctuating raw material prices and decreasing supply of crude oil may stymie the market growth.
In 2022, the cold rolling oils/ lubricants market in North America will account for 13.1% of the overall market share.
High industrialization in India and China will propel the Asia Pacific cold rolling oils/ lubricants market growth.
Presently, China holds about 44.7% of the global cold rolling oils/ lubricants market share.
The synthetic rolling lubricants will have a lucrative prospect during 2022-2028.

Competitive Landscape

Croda International PLC, Exxon Mobil Corporation, Total S.A., BP plc., Indian Oil Corporation Ltd., Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co. Ltd., ETNA Products Inc., Petroyag Lubricants, Buhmwoo Group, and Ricci S.p.A among others are some of the major players in the cold rolling oils/ lubricants market profiled in the full version of the report.

Key market players are focusing investing in research and development activities to produce new products. These enterprises are adopting strategic mergers and acquisitions to strengthen their market position.

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Key Segments of Cold Rolling Oils/Lubricants Industry Survey

By Product Type:

Synthetic Cold Rolling Oils/Lubricants
Semi-Synthetic Cold Rolling Oils/Lubricants
Mineral Based Cold Rolling Oils/Lubricants

By Material:

Steel
Copper
Aluminium
Others (Titanium, etc.)

More Insights into Cold Rolling Oils/ Lubricants Market Report

In its latest report, FMI offers an unbiased analysis of the global cold rolling oils/ lubricants market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2028.

To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (synthetic cold rolling oils/ lubricants, semi-synthetic cold rolling oils/ lubricants, mineral based cold rolling oils/ lubricants), material (steel, copper, aluminium, others (Titanium, etc.)), and region.

According to the latest FMI reports, based on segmentation, the synthetic cold rolling oils/ lubricants segment will dominate the international market space. This segment will continue to gain traction and demand during the projected period. This is so because of the rapid development of the manufacturing sector, especially in countries like Brazil, China, and India.

Based on region, the cold rolling oils/ lubricants market in China will display immense growth during 2022-2028. A major production and manufacturing center, China accounts for almost 44.7% of the global cold rolling oils/ lubricants market share.

Swift evolution of the industrial sector coupled with heightened demand for steel and aluminum across different end-use industries including automotive and construction further aids the cold rolling oils/ lubricants market growth in this country. Apart from China, India, Brazil and the United States will also demonstrate considerable cold rolling oils/ lubricants market growth during the forecast period.

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Frequently Asked Questions

What metrics are listed for the China cold rolling lubricants industry?
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What valuation will the cold rolling oils market enjoy in 2022?
What is the estimated valuation for the demand for cold rolling lubricants market by 2028?
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Aluminum Fluoride Market to Grow at a Rate of 2.0% by 2021-2031 | Exclusive Report by FMI

Recovery in automotive industry and demand for metallurgical grade to augment the growth of aluminum fluoride market suppliers, evaluates the market study by Future Market Insights. According to the report, apart from a minor setback in 2020, the market is expected to have a positive outlook through 2021 and beyond.

Rising demand for metallurgical grade in industrial and commercial sector to propel the aluminum fluoride growth through 2031. Properties such as low melting point, high efficiency in solution conductivity is increasing the usage of metallurgical grade in automotive and construction industry.

Although, disadvantages like high cost laboratory set-ups, lack of professional handling and risk of hazards are likely to cause a challenge for the aluminum fluoride manufacturers. Despite these restraints, numerous automotive and construction projects in upcoming years are expected to overcome the challenges and provide future expansion prospects for manufacturers.

For instance, according to the U.S. Auto Industry and EU car sales report, sales for light vehicles were recorded to total US$ 17.2 million in 2018 and are expected to increase by 10% in the upcoming years. These numbers indicate the surging demand of aluminum fluoride among suppliers and manufacturers.

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“High investment in research and development activities in automotive industry and high demand of metallurgical grade among suppliers is expected to boost the market demand,” remarks the FMI analyst.

Key Takeaways

Concrete admixture to account for over 35% of market share in 2021
Based on grade, metallurgical grade is the most lucrative segment through 2021
High demand from the automotive industry to make US the highest revenue generating aluminum fluoride market
Germany to vanguard European aluminum fluoride market, owing to the high demand for metallurgical aluminum fluoride
China is expected to lead the market in Asia Pacific through 2031 backed by increasing application in construction industry
Steady flow of raw material and well-developed construction sector to create lucrative growth opportunities for manufacturers in India
Application in automotive and laboratory research sector to push aluminum fluoride sales

Prominent Drivers

Rising demand from building & construction industry for aluminum fluoride is bolstering the market growth
Recovery in automotive and residential construction industry to create growth opportunities for aluminum fluoride manufacturers
Cost-effectiveness in diverse end-use industry is expected to drive the demand

Key Restraints

Sluggish growth recorded due to the pandemic is likely to create slow growth opportunities for aluminum fluoride suppliers
Costly laboratory set-ups is expected to pose a challenge for the aluminum fluoride manufacturers

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Competitive Landscape

Aluminum fluoride suppliers profiled by FMI includes Alufluoride Ltd., Rio Tinto PLC., Tanfac Industries Ltd., Fluorsid S.p.A, Mexichem S.A.B. de C.V., Industries Chimiques du Fluor, PhosAgro PJSC, Do-Fluoride Chemicals Co. Ltd., Pingquan Greatwall Chemical Co. Ltd., Gulf Fluor, AB Lifosa and Alufluor AB among some others. According to the study, market seems to be highly competitive. Leading players are launching diverse products to maintain their position in the industry.

On December 2020, AluFluoride Ltd., announced the completion of its expansion of new Aluminum Fluoride plant to increase the production capacity by 2.68%.

Likewise, in 2020, Aluminium Bahrain B.S.C (ALBA) signed a long term agreement with an Italian leading producer of fluorochemicals, Fluorsid which made it the world’s largest smelter with the production of 1.5 million metric tons.

More Insights on FMI’s Aluminum Fluoride Market

In its latest report, Future Market Insights offers a detailed segmentation on global aluminum fluoride market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to gain a better understanding of the global market potential, its competitive landscape, drivers, restraints and opportunities, the market is segmented on the basis of grade (metallurgical grade, and other industrial grade), application (aluminum, fluorocarbons, ceramics, and chemical intermediate), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Frequently Asked Questions

Which are the top companies providing aluminium fluoride?
Which are some of the lucrative markets for aluminium fluoride?
Which applications accounts for high sales of aluminium fluoride?
Which grade is highly sought-after in aluminium fluoride industry?

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Phosphate Conversion Coatings Market to Surpass US$ 2,359.6 Million by 2022-2028, Says FMI

Future Market Insights (FMI), Dubai: As per exhaustive research by FMI, the global phosphate conversion coatings market is poised to total US$ 1.86 Bn in 2022. Increasing adoption in the production of casing connections to enhance their sealing performance is fueling the demand for phosphate conversion coatings.

Phosphate conversion coatings transform the basis metal surface into a non-metallic crystalline surfaces. This enhances appearance, improves corrosion resistance, and promotes adhesion & lubrication. Hence, these coatings are extensively being used across the automotive industry to enhance auto components such as car frame, engine mounts, and wheels.

Consecutively, increasing demand for automotive vehicles across the countries such as the U.S., China, Germany, and India is projected to aid the growth in the market. On account of this, sales of phosphate conversion coatings are projected to reach at 4% CAGR, surpassing US$ 2.36 Bn over the forecast period between 2022 and 2028.

Growing demand for treatment of aluminum, zinc, and steel for creating a thin adhering layer as a foundation to subsequent painting and coatings across the building and construction industry is further driving the growth in the market. This has assisted the market to exhibit 4% year-over-year growth in 2021.

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Based on product type, manganese phosphate conversion coatings are anticipated to emerge as the most preferred coating. As per FMI, the segment is poised to exhibit growth at 4.3% CAGR through 2028. Excellent oil retention and wear resistance properties for corrosion resistance and lubricity are factors facilitating the growth in the segment.

“Increasing research and development (R&D) activities for developing preventive measures to increase the life of the equipment using advance eco-friendly coating solutions across the chemical and oil & gas industries are favoring the growth in the market,” says a FMI analyst.

Key Takeaways from Phosphate Conversion Coatings Market Study

The U.S. market size is anticipated to total US$ 294.8 Mn, accounting for over 75.4% of total market share by the end of 2022.
China is projected to emerge as a highly remunerative market, accounting for around 1/3th of the total phosphate conversion coatings sales between 2022 and 2028.
Germany is expected to exhibit steady growth across Europe, accounting for nearly 20.5% of the revenue share through 2028.
India is forecast to account for a significant share in the Asia Pacific market, owing to the increasing demand for automotive vehicles in the country.
On the basis of end use industry, the automotive segment is estimated to register the fastest growth in the market, accounting for more than 47.2% of the sales by 2028.

Key Drivers

Increasing use of phosphate conversion coatings in underground pipelines, petrochemical equipment, and offshore rigs, owing to its excellent galling protection properties is propelling the demand across the oil & gas industry.
Growing usage of manganese phosphate conversion coatings to prevent metal-to-metal contact between moving parts of automotive vehicles is rising the sales across the manganese segment.

Key Restraints

Increasing shift of customer preference towards eco-friendly solutions such as nano-ceramic conversion coatings is hampering the growth in the market.
Implementation of stringent regulations on toxic and heavy metals use across the U.S. and Germany, is encouraging automakers to use phosphorus-free conversion coatings, which is hindering the sales in the market.

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Competitive Landscape

Key manufacturers in the phosphate conversion coatings market are investing in strategic collaborations, merger, and acquisition to expand their production capacities. Also, some of the companies are focusing on developing and launching of new phosphate conversion coatings to expand their product portfolio. For instance,

In September 2020, PPG Industries, Inc, a global supplier of paints, coatings, and specialty materials announced showcasing its eco-friendly and high-performance coating products and technologies such as DESOTHANE® CA 9000 basecoat/clearcoat system, MASTER’S MARK™ ECO TOUCH™ interior latex coatings, ENVIROCRON® EXTREME PROTECTION EDGE powder coatings, and other to increase its market share.
In January 2018, BASF’s coatings division, a leading conversion coatings manufacturers announced acquiring a global supplier of surface treatment technologies Chemetall. The acquisition assisted the company to expand its surface treatment product portfolio and strengthen its customer base in the coating market

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

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.

More Valuable Insights on Phosphate Conversion Coatings Market

A new report published by FMI offers an in-depth analysis of the global phosphate conversion coatings market, uncovering vital dynamics accelerating the market growth over the assessment period. The survey also forecast sales projections for phosphate conversion coatings market with detailed segmentation:

By Product Type:

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

By Substrate:

Cast Iron
Steel
Others (Aluminum, Magnesium, Titanium)

By End-use Industry:

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

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Key Questions Covered in the Report

The report offers insight into phosphate conversion coatings market demand outlook for the forecast period 2022-2028
The market study also highlights projected sales growth for phosphate conversion coatings market between 2022 and 2028
Phosphate conversion coatings market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Phosphate conversion coatings market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Dimethyl Terephthalate Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

Dimethyl terephthalate, also known as dimethyl 1, 4-benzenedicarboxylate is used as a feedstock in production of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT). Dimethyl terephthalate also assists in production of other chemicals like benzocaine, terephthalohydroxamic acid, terephthaldehyde, and terephthalamide, etc.

Dimethyl terephthalate plays a vital role in the manufacture of polyesters including polybutylene terephthalate (PBT) and polyethylene terephthalate (PET). Dimethyl terephthalate also finds use in the fabrication of polyester resins for varnishes, films, and adhesives.

The dimethyl terephthalate market has been gradually reducing over the span of last few years owing to the presence of substitutes which are more economical. Over 90% of global consumption of dimethyl terephthalate is in the production of Polyethylene Terephthalate (PET) chips.

Global Dimethyl Terephthalate Market: Regional Outlook

Asia-Pacific is anticipated to be the most important region with respect to Dimethyl terephthalate demand and production. The consumption of the dimethyl terephthalate has been declining globally since last few years.

Japan is the most prominent country with the dimethyl terephthalate capacity accounting for more than half of the installed dimethyl terephthalate capacity in the Asia-Pacific region. Asia-Pacific is closely trailed by China and Korea in terms of dimethyl terephthalate capacity.

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Countries like China, Japan, and South Korea have the major share of production capacity in the Asia-Pacific region.

Global Dimethyl Terephthalate Market: Drivers

Polyethylene Terephthalate and Polyester represents the two major end-use industries for dimethyl terephthalate market.

The high rate of demand from these segments especially in the Asia-Pacific region is expected to fuel growth of the global dimethyl terephthalate market. Moreover, the low feedstock prices are expected to drive the growth of the global dimethyl terephthalate market.

Global Dimethyl Terephthalate Market: Restraints

Global dimethyl terephthalate market production has become stagnant owing to the increasing competition from PTA-based polymers and purified terephthalic acid (PTA), thus hindering growth of the global market.

Global Dimethyl Terephthalate Market: Key Players

Some of the major players identified in the global dimethyl terephthalate market are Teijin Limited, China Petroleum & Chemical Corporation, SK Innovation Co., Ltd., Cepsa Quimica, Bombay Dyeing & Maunfacturing Co Ltd – (BDMC), Artenius Turkpet, Invista, Bongaigaon Refinery & Petrochemicals Ltd – (BRPL), Eastman Chemical, Elana SA, Fiber Intermediate Product Co – (FIPCO), Liaoyang Petrochemical Co – (LYPC), Mogilevkhimvolokno JSC, Oxxynova, Petrobrazi, Petrocel SA, Teijin Ltd, Yambolen AD, etc.

The report covers exhaustive analysis on

Passive Infrared Sensor Market Segments
Passive Infrared Sensor Market Dynamics
Historical Actual Market Size, 2012 – 2014
Passive Infrared Sensor Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Passive Infrared Sensor Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Passive Infrared Sensor Market Drivers and Restraints

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.

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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.

Global Dimethyl Terephthalate Market: Segmentation

Global dimethyl terephthalate market is segmented into manufacturing process, upstream products, downstream products, and region

On the basis of manufacturing techniques used for production of dimethyl terephthalate, the market is segmented into

written process
other processes

On the basis of upstream products, the global dimethyl terephthalate market is segmented into

methanol
terephthalic acid
xylenes-mixed xylenes etc.

On the basis of downstream products, the global dimethyl terephthalate market is segmented into

polybutylene terephthalate
polyethylene terephthalate

On the basis of regions dimethyl terephthalate, the market is segmented into

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)

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Water Borne Automobile Coating Market forecast to reach US$141.5 Billion 2022 to 2032

Waterborne coatings use water as a solvent to dissolve a resin, thus making these automotive coatings eco-friendly and easy to apply. In most of the cases, water borne automotive coatings contain more than 75% of water with small quantities of other solvents such as ethers. Waterborne automotive coating are known to be environment friendly and also possess good resistance to heat and abrasion.

To use a waterborne coating, a spray equipment designed for waterborne coating is usually preferred. Waterborne automobile coating products are the future of automotive coatings. All automotive paint manufacturers are working on this technology and have already realized the necessity and importance of waterborne products into both the OEM and refinished automotive coatings markets. The transition from solvent-based coatings, such as urethanes, to waterborne is quickly taking place in the automotive industry.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 77 Billion
Expected Market Value (2022)	US$ 79 Billion
Anticipated Forecast Value (2032)	US$ 141.5 Billion
Projected Growth Rate (2022-2032)	6% CAGR

Global Waterborne Automotive Coatings Market:Drivers & Restraints:

Increasing demand for waterborne coatings owing to its ability to protect automobiles against UV radiation, acid rain and bad weather is expected to drive the global waterborne automotive coating market. Moreover, growing automotive production in Asia-Pacific coupled with rising middleclass income is anticipated to fuel market growth over the forecast period. Surging waterborne coatings demand on account of increasing accidents and aging of vehicles is expected to augment the market demand over the forecast period.

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Rising consumption of waterborne automotive coatings on account of their excellent chemical and physical properties such as low temperature processing, high chemical resistance and solvent free preparations is anticipated to drive automotive coatings demand. Waterborne automotive coatings are replacing solvent borne coatings owing to their cost advantage and other chemical properties. Moreover new investments by companies along with increasing number of production facilities is expected to further stimulate the global automotive waterborne automotive coatings market.

Global Waterborne Automotive Coatings Market: Region-wise Outlook

In terms of geography, the global automotive exhaust systems market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. Asia-Pacific is dominant region and is expected to witness swift market growth at a steady CAGR due to increasing vehicle production particularly in India, China and Japan. Moreover increasing government expenditure on road maintenance is expected to further accelerate the growth for waterborne automotive coating market in Asia-Pacific region. North America and Western Europe are other attractive markets owing to its strict government regulation and environment safety norms.

Global Waterborne Automotive Coatings Market: Key Players

Transition to waterborne automotive coatings from solvent based coating has prompted automotive coating manufacturers to increase investment and production of new waterborne coated products. Global waterborne automotive coating market is dominated by key players which include BASF SE, Akzo Nobel NV, Du Pont Performance Coating, Kansai Paint, Arkema SA, Bayer AG and PPG 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, product type, binders and end use.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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)

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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Global Waterborne Automotive Coatings Market: Segmentation:

On the basis of product type, the global waterborne automotive coatings market is segmented into

Water-soluble paints
Water-dispersible paints or colloidal coatings
Emulsion/ latex paints
Water based alkyds

On the basis of binders, the global waterborne automotive coatings market is segmented into

Polyvinyl ethers
Polyacrylate
Polyurethane resins
Epoxy resins
Alkyd resins
Others

On the basis of end use, the global waterborne automotive coatings market is segmented into

Passenger vehicle OEM
Commercial vehicle OEM
Commercial refinish

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Fluoroantimonic Acid Market to be valued at US$ 488 Mn from 2022 to 2032

Fluoroantimonic acid is an inorganic superacid with the chemical formula H2FSbF6. It is an inorganic acid and composed of bonded atoms of fluorine (F) and antimony (Sb) with hydrogen (H). Fluoroantimonic acid is 2 × 1019 times stronger than 100% H2SO4. The Fluoroantimonic acid is known to be the strongest superacid in the world. Fluoroantimonic Acid is used in the hydrocarbon cracking process to react with the hydrocarbons from oil, which is used to raise the octane levels of gasoline. Fluoroantimonic acid is also an excellent medium for the preparation of alkylideneoxonium salts.

Furthermore, the fluoroantimonic acid is available in three types in the market such as, Fluoroantimonic Acid Hexahydrate, Hexafluoroantimonic Acid and Deuterofluoroantimonic Acid. In term of physical properties, the fluoroantimonic acid is available in two forms including, liquid, which is colorless and in solid form, which is white in color.

However, being a superacid, being highly concentrated, fluoroantimonic acid can be regarded as a highly hazardous chemical owing to which the manufacturing and supply of fluoroantimonic acid is done under precision and requires government approvals and regulations.

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Fluoroantimonic Acid Market: Dynamics:

Globally, the demand for fluoroantimonic acid is expected to increase during the forecast period, owing to demand from the industry. The increasing downstream activities are projected to lay a strong base for the growth of global fluoroantimonic acid market. Furthermore, with the growing urbanization and industrialization the demand for energy is growing at a significant rate. Also, the dependency upon the conventional energy sources such as, oil & gas expected to remain constant in the forthcoming years. This is projected to increase the downstream activities such as, hydrogen cracking and boost the demand for fluoroantimonic acid at a prominent rate over the forecast period.

However, fluoroantimonic acid is the strongest acid, which makes its manufacturing and distribution more difficult and also require special safety equipment. Also, the government regulations regarding the safety measures during the use and transportation of fluoroantimonic acid is expected to hamper the growth of the market over the forecast period.

Fluoroantimonic Acid Market: Regional Outlook:

Asia Pacific is projected to be the most lucrative market for the fluoroantimonic acid, owing to significant demand from the chemical industry in the region. Countries such as, China, India, South Korea expected to generate majority share of Fluoroantimonic Acid demand in the region. The shift of chemical manufacturers to India from China market expected to create new growth opportunities for India in the regional market. Additionally, growing downstream activities in China estimated to be on the prominent factor supporting the growth of fluoroantimonic acid market in the region.

Furthermore, North America expected to have significant growth in the fluoroantimonic acid market, due to growing shale oil production in the region. Growing shale oil production expected to drive the downstream activities creating demand for fluoroantimonic acid in the market. Stringent government regulations regarding workers safety and hazardous chemicals in Europe, the market of fluoroantimonic acid is anticipated to have uptick growth in the region. Additionally, Latin America and Middle East & Africa are estimated to register promising growth in the fluoroantimonic acid market.

Fluoroantimonic Acid Market: Market Participants:

Some of the market participants in the global fluoroantimonic acid market are:

Merck KGaA
VWR International, LLC.
City Chemical LLC
American Elements
Advance Research Chemicals, Inc.
GRR Fine Chem
Haihang Industry Co.,Ltd
FINETECH INDUSTRY LIMITED
Carbosynth
Alfa Chemistry
Chemwill Asia Co., Ltd.

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Fluoroantimonic Acid Market: Segmentation:

Fluoroantimonic acid market can be segmented into product type, form, and region.

On the basis of product type, global fluoroantimonic acid market is segmented into:

Fluoroantimonic Acid Hexahydrate
Hexafluoroantimonic Acid
Deuterofluoroantimonic Acid

On the basis of form, global fluoroantimonic acid market is segmented into:

Liquid
Solid

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Epoxy Encapsulation Material Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

Epoxy encapsulation material is an epoxy resin used as a semiconductor encapsulate. It finds applications in numerous products where semiconductors are used and employed, such as consumer home appliances, including refrigerators, television sets, vehicles and mobile phones, among others. With major economies moving towards digitalization, developments are being witnessed in the field of IT infrastructure. To match this progress, development of electronic products is picking pace, thereby creating demand for epoxy capsulation materials.

Epoxy Encapsulation is the method of fabricating electronic components with the help of epoxy encapsulation material i.e. epoxy resin, to enhance the physical properties of the electronic material used. In the commercial market-place, numerous resins or materials are available for the encapsulation process. Of this, the epoxy encapsulation material is the most adopted one. As the demand for mechanical safeguarding of electrical components, such as insulated PCBs (Printed circuit boards), continues to grow, manufacturers and suppliers are seeking effective solutions for encapsulation of electronic devices and thus, epoxy encapsulation materials are gaining traction. Also, substantial environmental challenges, such as vibration, moisture, general contamination and thermal or physical shock, have the ability to negatively affect the working of printed circuit boards and electronic components. Growing demand for shielding printed circuit boards has created demand-space for epoxy encapsulation materials globally. Application of epoxy encapsulation material protects the entire device from extreme atmospheric conditions through the formation of a widespread barrier.

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Epoxy encapsulation material Market: Dynamics

In the past few years, the demand for epoxy encapsulation materials for semiconductor encapsulation has been quite high and with developments and innovations being witnessed in the semiconductor industry, the demand for epoxy encapsulation materials will remain high in the coming years. With prompt expansion in the semiconductor industry, need for PCBs in domestic, military, industrial and automotive products continues to increase. Mounting need to confirm the reliability of critical devices has molded the manufacturers to go for superior shielding solutions, such as epoxy encapsulation materials. Moreover, a rising number of possible requirements in the space of the LED products will further be expected to rev up the need for epoxy encapsulation material in the electronics industry. However, the special screening process for epoxy encapsulation material increases the overall cost, which is a major stumbling block in the full-scale adoption of epoxy encapsulation materials.

Epoxy encapsulation material Market: Regional Trends

Countries present in the eastern part of the globe are pegged to be prominent countries in the epoxy encapsulation material market in terms of sales and consumption. China, ASEAN, South Korea and India are rapidly adopting novel technologies in electronic fabrication industry, which is creating substantial demand space for epoxy encapsulation materials.

Developed regions, which include the United States and Western Europe, are considered to be matured regions in the global epoxy encapsulation material market. Countries in Western Europe & North America provide a substantial base for electronic component manufacturing and will exhibit substantial consumption potential for epoxy encapsulation materials. Currently, LA, MEA & Eastern European regions are witnessing low consumption of epoxy encapsulation material. However, they are anticipated to develop as high growth avenues during the latter half of the assessment period. Moreover, these regions are seen as key production hubs for epoxy encapsulation materials because of low-interest rates & labor cost in the region.

Epoxy encapsulation material Market: Market Participants

Some of the market participants identified across the value of the global epoxy encapsulation material market chain are:

Sumitomo Bakelite
Hysol Huawei Electronics
Hexion
Shin-Etsu Chemical
Hitachi Chemical
Chang Chun Group
Eternal Materials
Tianjin Kaihua Insulating Material
Jiangsu zhongpeng new material

The Epoxy encapsulation material 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 also maps the qualitative impact of various market factors on Epoxy encapsulation material market segments and geographies.

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Epoxy encapsulation material Market: Segmentation

On the basis of type, the epoxy encapsulation material market has been segmented as:

Normal epoxy encapsulation material
Green epoxy encapsulation material

On the basis of grade, the epoxy encapsulation material market has been segmented as:

Standard grade epoxy encapsulation material
High thermal conductivity grade epoxy encapsulation material
Low stress grade epoxy encapsulation material
Conditioning wax grade epoxy encapsulation material

On the basis of application, the epoxy encapsulation material market has been segmented as:

Semiconductor Encapsulation
Electronic Components
Printed Circuit Boards
Prepags
Copper Clad Laminates

On the basis of end-use, the epoxy encapsulation material market has been segmented as:

Electronics & Electrical Component
Automotive component
Telecommunication Component
Others

Report Highlights:

Detailed overview of parent market
Changing Market dynamics in the industry
In-depth Market segmentation
Historical, current, and projected market size in terms of volume and value of market
Recent industry trends and developments in the market
Competitive landscape of the market
Strategies of key players and products offered in Epoxy encapsulation material market
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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