Specialty Films Market to be worth US$ 28 Bn by 2026 | CAGR of 4.9%

A new forecast study by Future Market Insights reveals such trends will continue to drive the demand for specialty films globally. According to the findings from the report, the global specialty films market is poised to expand at a CAGR of 4.9%, representing steady revenue growth during the forecast period, 2017-2026. The study projects that by the end of 2026, more than US$ 56 Bn worth of specialty films will be sold across the globe.

Packaging is widely observed as one of the largest marketplace, with products finding applications in several industrial verticals. Specialty films remains a key commodity in the packaging world, and advent of new products entails the use of advanced packaging films. Specialty films are being predominantly used in the packaging of bioactive and biodegradable products, while companies from every industrial sector are actively adopting packaging solutions that enable them in creating an isolated environment for their products.

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High Demand for Barrier Films; Conductive Films to Register Fastest Sales

In terms of products sold in the global specialty films market, barrier films are pegged to incur highest share on global market value. In 2017, more than US$ 18 Bn worth of barrier films are estimated to be sold in the global specialty films market. While the demand for anti-fog films is likely to dwindle towards the latter half of the forecast period, the report projects that conductive films will register rapid sales through 2026. Over the forecast period, conductive films are expected to register a value CAGR of 7.1%.

APEJ to Dominate Global Specialty Films Market

A regional forecast on the global specialty films market has been provided in the report, which reveals that the Asia-Pacific excluding Japan (APEJ) region will register highest sales of specialty films. The report further reveals that Europe and APEJ will be representing the leading markets for specialty films, followed by North America. Higher presence of food and beverage companies in the APEJ and Europe regions is expected to drive the sales of specialty films, pertaining to their greater end-use in these regions. Over the forecast period, the APEJ specialty films market is likely to expand at the highest CAGR of 7%, while sales of specialty films in European countries will attain a sub-par growth.

Further analysis from the report reveals that food & beverage industry will remain the largest end-user of specialty films. Throughout the forecast period, more than two-fifth of specialty films sold in the global market will be used for packaging of food items and beverages. The report also reveals that a majority of specialty films being produced in the global market will be made of polyethylene materials. Low density of PE specialty films, coupled with their abilities in terms of water and thermal resistance and durability, will drive their sales globally through 2026.

Market Taxonomy

Specialty films market analysis on the basis of product-type, material-type, end-use, and region. The taxonomy of the global specialty films market has been illustrated below. Additional information on cross-segmental market forecast and country-specific market size estimations has been provided in the report as well.
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By Region 

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

By Product Type

  • Stretch Film
  • Shrink Film
  • Barrier Film
  • Conductive Film
  • Safety & Security Film
  • Anti-Fog Film
  • Other Films

By Material Type

  • Polyethylene (PE)
  • Polyethylene terephthalate (PET)
  • Polyamide (PA)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyurethane (PU)
  • Aluminum
  • Others (Evoh, Polycarbonate etc)

By End Use

  • Food & Beverage
  • Cosmetic & Personal Care
  • Chemical
  • Agriculture
  • Building & Construction
  • Pharmaceutical
  • Electrical & Electronic
  • Automobile
  • Others

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Fiber Drums Market to Hit US$ 1.6 Bn by 2030 | Future Market Insights, Inc.

Future Market Insights in a detailed market study published this month on fiber drums Market forecast the global market to surpass US$ 1.6 Bn mark by 2030. The need for change in packaging solutions is shifting focus on uptake of sustainable materials. As this trend gains momentum it is expected to fuel the growth of the global fiber drums market.

Fiber Drums Market is expected to reach US$ 1 Bn in 2022, likely to surge at a vigorous 5.5% CAGR during the assessment period.

Fiber drums are a near-perfect alternative to using plastic and other non-recyclable materials for production of rigid containers. Future Market Insights predicts that the demand for these drums will soar at a recognizable pace as the world inches closer to making environment-friendly choices.

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In tandem with the same sentiment, manufacturers and retailers have begun to experiment with materials and designs for packaging. Players in the retail industry are looking to curb the plastic waste generation by adoption of materials such as metal, glass and fiber which will lead to circular delivery models. Manufacturers have high focus on their approach to address sustainable packaging owing to growing consumer awareness.

Fiber drums are thus being used for storing and transporting a variety of different goods and materials, including powders, soaps, grains, spices, chemicals, fertilizers and metal parts. Fiber drums are made with layers of cardboard or fiberboard which makes them recyclable and a greener alternative compared to plastic drums. The lightweight material of fiber drum is safe, secure and solid which ensures preservation of goods stored in them.

Key Takeaways of Fiber Drums Market Study

  • Food & agro allied industry is estimated to be the key end user industry of fiber drums as it is slated to account for 46% of the market by 2030
  • 25-50 gallons fiber drums to have an incremental opportunity of US$ 273 Mn by 2030 owing to extensive usage in shipping and storing and ease in handling
  • Metal closure is estimated to account for 69% of the global market by value and reach slightly over US$ 1,084 Mn in 2030
  • Europe estimated to account for 1/4th market share in the fiber drums market owing to demand for sustainable packaging solutions.
  • East Asia is estimated to have an incremental opportunity of US$ 171 Mn by 2030 due to the growth of end-use industries in the region

Intercontinental Trade of Industrial Products to Boost Demand for Fiber Drums
Growth in demand for fiber drums is expected to result from expanding intercontinental trade. This is likely to boost the demand for shipping and packaging industry, consequently raising the uptake of fiber drums as packaging solution.

Vendors in the fiber drums market have consistently worked on improvement in product design and value creation for end user. Since, global trade of industrial products has also increased three fold during the past decade, it necessitated industries such as bio-chemical manufacturers, food grade ingredient manufacturers, pharmaceutical companies etc. to use fiber drums to reduce their carbon footprint.

Demand is also anticipated to be driven by widened use of large, layered fiber drums which ensures increased performance and are also economic in terms of drums made with materials such as metal and plastic. The adequate sealing of these drums with metal makes them an ideal choice for shipping across rough seas. The increasing performance of lightweight bulk containers such as these drums has strengthened the scope of their usage.

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Impact of COVID-19 on Fiber Drums Market
The COVID-19 pandemic undoubtedly has led to massive disruptions in the market with shortage of raw material, fractured supply chains. The packaging industry highly depends on related industries for its sales and revenues. Thus, with every other industry taking a hit, the fiber drums market is also seen a decline in sales in Q1-Q2 2020.

Fiber drums manufacturers, will need to adapt with the global pandemic, which is forcing manufacturers to look for contingency plans and understand the vulnerabilities associated with the supply chain. This might result in reducing dependencies on any one country and increasing preference for domestic players for the need of raw materials. In the long run this could also boost local economies, create jobs, and reduce cost of raw materials.

The fiber drums market is largely dependent on demand from end use industries such as chemical Industry, food & agro-allied industry, pharmaceutical industry, building & construction industry and others. In the coming days, as supply chains restore, demand for food & agro allied and pharmaceutical industries will witness a high demand owing to food security issues and increasing number of patients with COVID-19 and otherwise.

These two types of demands are projected to drive the fiber drums market as shipping these on urgent basis will be national priority. Ensuring pharmaceuticals and food reaches the end user in a non-contaminated and intact manner will play a critical role in the deciding the success of this market.

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Fiber Drums Market Landscape
Grief Inc., Sonoco Products Company and Mauser Group N.V. are the top players operating in the fiber drums market. Furthermore, C.L Smith Company, Schutz Container Systems, Inc., Orlando Drum & Container Corporation, Industrial Container Services, Inc. Patrick J. Kelly Drums, Fibrestar Drums Limited, Milford Barrel Co Inc. and Enviro-Pak, Inc. are prominent players in the fiber drums market. The Tier 3 players hold 4/5th market share in the global fiber drums market. In conclusion, key players contribute almost 1/5th of the global market.

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Copier Paper Market Is Expected to reach US$ 15.8 Bn by 2027

Future Market Insights (FMI) delivers key insights on the global copier paper market in its published report, titled “Copier Paper Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”. ‘

Copier Paper is a light-weight paper used for copying, writing, and printing in either commercial or consumer applications. Copier paper falls under the category of uncoated freesheet grade and is used interchangeably with printing paper for everyday printing needs. Using copier paper instead of printing paper does not make much of a difference for written content but for image printing, a thicker printing paper sheet needs to be used. Copier paper can be made out of virgin as well as recycled pulp. Leading manufacturers of copier paper such as Nine Dragons Paper, Nippon Paper, and Domtar Corporation, use recycled pulp for the production of copier paper.

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Globally, the revenue generated from the sales of copier paper is estimated to be around US$ 14,278.9 Mn in 2018, and is projected to expand at a CAGR of 1.2%, during the forecast period 2018-2027. This can be attributed to numerous factors, about which Future Market Insights offers thorough insights and forecast in the copier paper market report.

FMI Key Findings

  • Among the various thicknesses, the 50-80 GSM segment is witnessing higher growth and is projected to have a positive outlook during the forecast period. It is the most commonly used thickness for everyday commercial as well as consumer printing needs.
  • Virgin copier paper holds a significant share in the copier paper market, but with the rising environmental concerns, manufacturers are using recycled pulp for copier paper production. For instance,
    • Nine Dragons, one of the leading paper manufacturers, primarily uses recycled paper as the main raw material source. The company recycles over 10 million Tonnes of fiber annually.
  • The advent of digitalization has impacted the overall graphic paper market adversely. The growth in demand for copier paper has slowed down in recent years. With the increased penetration of electronic devices and easier access to the internet, reading content online has become a trend, and electronic devices are being substituted for hard-copies. This is expected to hamper the demand for copier paper during the forecast period. However, there is a steady demand for copier paper among educational institutes as well as offices. The degree of substitution is relatively low in scientific and technological content.
  • The A/4 segment in the global copier paper market is the most preferred paper size for copier paper, followed by the A/3 segment. Most of the commercial copying is done using A/4 copier papers.

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Developing Economies to Fuel the Demand for Copier Paper During the Forecast Period

Despite facing a decline in the developed markets, copier paper has seen an increase in demand in the developing economies. This can be attributed to the growing number of students in rural as well as urban areas. Overall, the Asian copier paper market is anticipated to show strong growth throughout the decade. Apart from Japan, the Asian market is expected to grow at a healthy CAGR. Latin America and Africa also represent attractive opportunities for growth.

Paper manufacturers are performing strategic mergers and acquisitions to expand their presence in these markets and leverage the most out of the landscape. Consolidation is seen as a key strategy at the aggregate level, as paper manufacturers understand the declining nature of the market.

The key players in the global copier paper market are International Paper Company, North Pacific Paper Company, South Coast Paper LLC, UPM-Kymmene Oyj, Domtar Corporation, Nippon Paper Industries Co., Ltd., Mondi Group plc, Stora Enso Oyj, Smurfit Kappa Group Plc., Oji Holdings Corporation, Lisgop Sikar L’td., Georgia-Pacific LLC, Nine Dragons Paper (Holdings) Limited, Sappi Limited, Metsa Board Corporation, Daio Paper Corporation, Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget (SCA), Packaging Corporation of America (Boise Paper), and Rolland Enterprises Inc. Many local and unorganized players are anticipated to contribute to the global copier paper market during the forecast period.

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Decorative Plastic and Paper Laminates Market Size, Growth Analysis Report, Forecast to 2028

In a recently released Future Market Insights outlook for decorative plastic and paper laminates, the global revenue is likely to observe moderate yearly growth in 2019 and approach US$ 70 Bn. “A majority of the sales of decorative plastic and paper laminates is attracted by a large number of smaller players operating in the competitive landscape. While more than half of the market value is accounted by the Tier 3 players that prominently include SMEs, a mere 10-15% share belongs to Tier 1 companies,” says a senior research analyst at the company.

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Key Insights at a Glance

  • A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
  • Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
  • As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
  • Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon.

The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape.

Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping.

Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

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Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls.

Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

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Chromium Salts Market Is Expected To See a growth of 4.9% | Future Market Insights

In 2022, the global chromium salts market is expected to be worth $4,427.28 million USD. The market is expected to grow at a CAGR of 4.9% between 2022 and 2032, generating $7,143.2 million in sales.

Chromium a chemical element represented with the symbol Cr and is the first element of Group 6 in the periodic table. The origin of the element is the earth’s crust and it is brittle, lustrous and hard. Chromium is commercially extracted from chromites, which is a very commonly found ore.

The element has a high melting point, resists corrosion and is highly tarnish resistant. The element blends with a number of other elements to form metal compounds. Chromium comes under the transition elements group. Chromium is derived from the Greek word chroma which means color, owing to many of its compounds which are very intensely colored.

Its main applications are in metallurgy, dyes and pigments, in wood preservative, tanning, as a refractory material and as a catalyst. Chromium salts are manufactured by the removal of iron with the help of sodium carbonate and calcium oxide in order to form water-soluble chromium salts.

The inorganic salts of chromium always occur as a crystalline powder or as flakes, which are soluble in water. The salts of chromium are of various colors of the rainbow of which yellow dominates. The melting points of these salts vary to some extent and are usually between 180 and 2500°C. In addition, their solubility in water varies to some extent.

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However, the solubility property increases with increase in oxidation state. By the process of acidification, chromate transforms to sodium dichromate, which is used as a raw material in order to synthesize other inorganic chromium salts. A process called chromium-plating which requires the use of chromium salts depends on the excellent resistance of the salt against corrosion of solid chromium.

The primary factor that drives the chromium salts market is the fast growing industrialization in the emerging markets of India, China and Brazil among others. The dye and pigment market, which includes the paint market, is growing rapidly in these emerging market and hence the market for chromium salts is bound to increase over the next few years. The market for pigments in U.S.

is mature and yet is expected to grow further by a huge margin in the next few years. Owing to chromium salts demand from other applications such as metal treatment, leather treatment and swater treatment, the demand of chromium salts is further increasing each year.

However, chromium salts also exhibit carcinogenic properties, which are bound to affect people who work with this salt on a regular basis, and hence proper safety gear is to be utilized while handling such salts.

There are various environmental rules and regulations owing to these harmful properties especially in Europe and U.S. This is one of the major restraints in the chromium salt market.

The major geographical market segments, which are taken into account for the chromium salt market, include North America, Western Europe, Eastern Europe, Latin America, Asia Pacific Excluding Japan, Japan and Middle East & Africa.

In countries such as Sweden, the major use of these chromium compounds is in paint production, which is a growing market globally owing to the global rise in infrastructures.

Currently, the chromium salt market is at a stable growth phase and the prices are also decreasing. The key manufacturing countries of chromium salts are located in South Africa, Asia Pacific Excluding Japan, Ural and New Caledonia.

Chromium Salts Market: Key players

The main companies profiled for chromium salts are Sun Chemicals, Bayer, BASF SE, Ciba Speciality Chemicals, Xinjiang Sing Horn Group, Oxkem Ltd among others. These companies are few of the biggest manufacturing companies that manufacture chromium salts. Sigma-Aldrich is one of the biggest suppliers of the chromium salts.

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 categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on

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

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Regional analysis includes

  • North America
  • Latin America
  • Asia Pacific Excluding Japan
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & 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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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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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Aircraft Cleaning Chemicals Market to grow at a rate of 4.3% by 2032 | Get Customized Reports

Sustained by notable increase in number of airlines, coupled with a mounting number of aircraft refurbishment and leasing activities, global sales of aircraft cleaning chemicals will witness a CAGR of 4.3% in the forecast period of 2022 – 2032. A sustainable shift towards bio-based cleaning chemicals is poised to be a prominent trend shaping up the future of global aircraft cleaning chemicals market, suggests a new Future Market Insights (FMI) study.

Bio-based and water-based cleaning chemicals are gaining traction in the market, as these are used to remove hazardous and toxic substances such as trichloroethylene (TCE), perchloroethylene, and other corrosive chemicals from aircraft. Bio-based cleaning chemicals are widely used by both civilian and military aircraft, owing to their non-explosive, low-flammability formulation, which completely eliminates the risk of fire.

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Key Takeaways – Aircraft Cleaning Chemicals Study

  • The number of air travel passengers is consistently increasing, with the establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, global passenger traffic rose by 7.6% in 2017, which is more than the average annual growth over the last ten years, i.e. 5.5%. This increase creates immense opportunities for players operating in the aircraft cleaning chemicals market.
  • There is an increasing demand to replace hazardous, VOC-emitting degreasers, and cleaning products with green alternatives and safer products. Prominent manufacturers are focusing on the development of biodegradable, non-toxic, durable, cost-efficient, and non-hazardous cleaning chemicals. Aircraft cleaning chemicals market players are also emphasizing on providing chemicals free from hazardous ingredients, and having no special storage or disposal requirements.
  • Increasing health awareness, risk of infection, concerns over disease-causing pathogens on contaminated surfaces, etc., make today’s traveler extremely particular about hygiene. Hence, to provide a hygienic environment for travelers, the demand for cleaning chemicals, particularly disinfectants is expected to increase over the course of the forecast period.
  • Dry wash is an innovative, economical, and safe cleaning concept, minimizing the use of water. Dry wash method can do cleaning and shining in a single process. Dry wash is gaining popularity and preference among end-users as it reduces the cleaning cost as well as time. However, dry wash can require a lot of elbow grease and requires considerably more effort than wet wash.

Who Is Winning?

The global aircraft cleaning chemicals market is highly fragmented due to the presence of good number of players in regional as well as international markets. Key manufacturers such as PPG Industries Inc., Illinois Tool Works Inc., Arrow Solutions, and Callington Haven Pty Ltd account for a prominent share in the global aircraft cleaning chemicals market. North America, followed by Western Europe is estimated to dominate the global aircraft cleaning chemicals market. However, developing regions such as China, India, ASEAN, and the Middle East are expected to create lucrative opportunities for market participants.

The foreseeable increase in the number of aircraft in the next two decades is expected to provide substantial opportunities for players operating in the aircraft cleaning chemicals services market, i.e. cleaning chemical and cleaning equipment manufacturers. Key manufacturers should focus on developing cost-effective as well as efficient products in order to gain a high brand value.

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Aircraft Cleaning Chemicals Market Taxonomy

The global aircraft cleaning chemicals market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

  • Exterior
  • Interior

Formulation

  • Water-based
  • Solvent-based
  • Wax-based

End Use

  • Civil Aircraft
  • Commercial/Cargo Based Aviation
  • Military

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEAP
  • MEA
  • China
  • Japan

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More About Aircraft Cleaning Chemicals Market Report

The research report analyzes total sales of aircraft cleaning chemicals on the basis of volume (Tons) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market. Opportunities in the market are projected on the basis of factors such as aviation industry growth, travel and tourism industry outlook, air traffic growth, investments in upcoming airport projects, and expansion in production by worldwide manufacturers.

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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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Photoresist Chemicals Market is projected to grow at a CAGR of 3.6% between 2022 and 2032

The market for photoresist chemicals is expanding due to the inherent properties of photoresist chemicals and the lack of any viable substitutes. Between 2022 and 2032, overall demand for photoresist chemicals is expected to expand at a CAGR of 3.6%, totaling roughly US$ 4,537.2 Million.

Photoresist chemicals are used in the fabrication of µm- and sub-µm structures, prominently in the micro-electronics industry. These are speciality chemical which changes its chemical structure when exposed to ultraviolet (UV) light, this unique property makes them ideal for photolithography and photoengraving processes which in turn are commonly used in semiconductor manufacturing industry.

Henceforth, photoresist chemicals are considered as an essential component for making high-performance circuit boards and semiconductor chips. Various chemical are used for this purpose, to achieve the desired properties, such as, poly methyl methacrylate (PMMA), poly methyl glutarimide (PMGI), phenol formaldehyde resin (DNQ), SU-8 and OSTE polymers. Further, there are two basic classification of photoresists, positive and negative, both works on different principals, but cater to similar needs. However, with increasing smaller geometry designs in micro-electronics industry, positives are becoming more popular, as they offer process controllability.

With inevitable features offered by Photoresist chemicals and absence of any other feasible alternatives, market for photoresist chemical is ever growing

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Photoresist Chemicals Market: Drivers and Restraints

The global photoresist chemicals market is projected to grow at a moderate growth rate as the demand for micro-electronics continue to steadily grow, amid rising demand from electronic products in developing nations, and increasing penetrations of IoT across the globe. Furthermore, rising demand for dynamic display technology is expected to be another prominent factor fuelling growth in photoresists chemicals market. Excessive R&D in the photoresist chemicals and its end use industry, is expected to drive innovations, further shaping newer demand arenas, and fuelling more revenues in the global photoresist chemicals market.

Photoresist chemicals are prominently made from crude oil; thus rising prices of crude oil is expected to increase costs, this coupled with continued pricing pressure from end use industries, shall affect margins in the market. Furthermore rising environmental concerns regarding derogatory effects of these chemicals is also expected to affect the market in long term.

Photoresist Chemicals Market: Region Wise Outlook

The global photoresist chemicals market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ and Japan together leads the Global Photoresist Chemicals Market in terms of demand, followed by North America and Western Europe. Furthermore, owing to rapidly rising electronics industry in India and China, the APEJ region is anticipated to remain its dominance and grew steadily over the forecast period. Along with, rising economies of Latin America, demand for microelectronics is expected to significantly rise in the region, translating into rising demand for photoresist chemicals.

In terms of production, photoresist market has been a forte of Japan and Korea based companies, and with many new upcoming companies in the region, competition in the APEJ market is expected to further intensify.

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Photoresist Chemicals Market: Key Players

  • The Dow Chemical Company
  • Fujifilm Electronic Materials Co. Ltd
  • Tokyo Ohka Kogyo Co. Ltd.
  • E.I. DuPont de Nemours
  • Mitsui Chemicals America Inc
  • JSR Corporation
  • LG Chem
  • Shin-Etsu Chemical
  • TOK America
  • Honsou Chemical Industry

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 geography, technology and applications.

The report covers exhaustive 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 (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

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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Key Segments Covered in the Photoresist Chemicals Industry Analysis

By Product Type:

  • Positive
  • Negative

By Spectral Line Size:

  • g-line
  • i-line
  • KrF
  • ArF Immersion
  • ArF Dry

By End Use Application:

  • Microelectronics
  • Sand Carving
  • Fabrication of Printed Circuit Boards
  • Others

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.

Contact:

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Optical Coating Market is expected to expand at CAGR of 8.8% during 2022-2032

According to research conducted by Future Market Insights on the optical coating market, demand is estimated to reach a valuation of US$ 22,598.7 Mn by the end of the assessment period. The Global Optical Coating Market is expected to grow at a rapid pace during the forecast period, with a growth rate of 8.8% owing to consistent demand from end uses such as consumer electronics, automotive, lenses & eyewear and others.

The market for optical coatings is being boosted by rising spending in the defense sector and rising demand for optical coatings from the electronics and semiconductor industries. The market is also anticipated to develop as optical coatings find more uses in the aerospace industry. The AR coatings market section of the optical coatings market commands a sizeable market share in the entire optical coating industry due to its capacity to provide high-quality coatings with a high degree of transmission and low reflection.

Market players are making huge R&D investments to investigate new optical coating applications in aerospace and defence equipment, medical industry, and automotive industry. Additional significant market players are competing for the top spot in the market by developing technology-driven breakthroughs in optical processes. The market for optical coatings is being driven by the quick development of numerous end-use sectors and the expanding popularity of creative designs for eyewear and consumer devices.

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“Growing Consumption of Optical Coating coupled with increasing utilization of consumer electronics, lenses & eyewear, optical coating  is expected to drive the market during the projected period where as key market player are significantly spending in R&D to explore the optical coating application in multiple end-use industry ,” said an analyst at FMI.

Key Takeaways from Optical Coatings Market Study

  • Demand for AR coating to witness a growth outlook of around 8.2% over the coming assessment period.
  • Vacuum deposition to remain key technology of optical coating accounting for around 50% of the volume consumption.
  • Consumer Electronics and Lenses & Eyewear to remain a key application segment and this industry is expected to grow at a significant rate over the forecast period.
  • The optical coatings market is being driven by the quickly expanding demand from a variety of end-use sectors and the expanding popularity of stylish designs for eyewear and consumer devices.
  • The market for optical coatings is expanding because of rising demand from the electronics and semiconductor industries as well as rising spending in the defense industry.

Competitive Landscape

The Global Optical Coatings market is fragmented with the presence of some dominant key market players. These players are holding less than 25% of the market share. Some of the top manufacturers included in the research study are DuPont,Zeiss Group, PPG Industries, Nippon Sheet & Glass, Inrad Optics, EssilorLuxoticca, Optosigma corporation, Hoya Corporation, Brewer Sciences Inc, SDC Technologies, Reynard Corporation, Tian Cheng Optic Co., Ltd., Zygo Corporation, Evaporated Coatings Inc., Deposition Sciences Inc., Helia Photonics, Cascade Optical Corporation, Torr Scientific Ltd., and Precision Opticals are the the manufacturers of optical coating profiled in the full version of the report.

A few major competitors in the optical coatings market are concentrating on growing their coating capacity by building new facilities in strategic market locations. Manufacturers are improving their relationships with end users to provide Optical Coatings through contract manufacturing or through partnerships with OEMs in order to increase their revenue in an effort to further strengthen their global presence. Since the bulk of market participants are situated in the United States, American companies have dominated the optical coatings business.

Also, the focus has been on the expansion of production capacities to meet the growing demand for Optical Coating. For instance,

  • EssilorLuxottica fully acquired Shamir Optical Industry Ltd., which has a strong presence in ophthalmic lens technology and related products.
  • Nippon Sheet Glass & Co., Ltd. collaborated with Cohda Design Limited (UK) to create new glass applications
  • PPG completed the acquisition of Worwag, a manufacturer of coatings for industrial and automotive applications.

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Optical Coating Market Segmentation

By Product Type:

  • AR coatings
  • High Reflective Coatings
  • Transparent Conductive Coatings
  • Filter Coatings
  • Beam splitter Coatings
  • Others

By Technology:

  • Vacuum Deposition
  • E-beam Evaporation
  • Sputtering Process
  • Ion-Assisted Deposition

By Application:

  • Consumer Electronics
  • Lenses & Eyewear
  • Solar
  • Automotive
  • Aerospace & Defense
  • Others

By Region:

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

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling, renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Pyrolytic Boron Nitride Market is expected to top a valuation of US$ 333.9 Mn by 2032

The Global Pyrolytic Boron Nitride Market is estimated to expand at a remarkable growth rate of 5.2% CAGR over the forecast period between 2022 and 2032, finding future market insights (FMI) in a recent market analysis.

Pyrolytic boron nitride is an anisotropic, high temperature material with excellent thermal conductivity and severe electrical resistance. Pyrolytic boron nitride is made using a high temperature, low pressure chemical vapor deposition method using ammonia and boron halide. It is a useful material for semiconductor and electronic device applications due to its outstanding thermal and mechanical properties.

Pyrolytic boron nitride demand is predicted to increase throughout the course of the anticipated time frame due to the fast increase in demand for smart gadgets. It has been demonstrated that pyrolytic boron nitride performs better than a number of its more well-known substitutes. PBN has good thermal conductivity, high strength, and a low coefficient of thermal expansion, which make it resistant to thermal shocks. PBN distinguishes itself from competing materials thanks to its distinctive features, which include its high grade, low density, non-porous structure, and high dielectric strength. All these attributes make it suitable for use in a range of applications.

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The growing semiconductor industry is driving the demand for the PBN. The expansion of the semiconductor and electronics markets is attributed to the development of the OLED display as well as the PBN market. Some of the major advantages of using PBN in the semiconductor and electronics industries include excellent performance reliability; non-toxicity; does not react with molten metals and their compounds; good thermal shock resistance etc. The expanding potential of the PBN market can be attributed to the thriving growth and advancement in the OLED display sector.

On the other hand, increased use of PNB coating graphite products also elevates the consumption of PBN. Graphite is a suitable material in a variety of thermal applications because of its thermal characteristics and chemical resistance. PNB is applied or deposited as a coating on graphite. The coated graphite is processed into 3D or 2D articles. Increased adoption of PNB-coated graphite is significantly used as tubes, crucibles, wafers, and boats. therefore, it is creating the positive outlook and demand for PBN.

“Growing demand for Pyrolytic Boron Nitride in end-use industries owing to their lower cost is expected to bolster the demand for Pyrolytic Boron Nitride in the forecast period of 2022-2032,” says an FMI analyst.

Key Takeaways:

  • The Global Pyrolytic Boron Nitride Market is expected to attain a value of over US$ 333.9 Mn by the end of the forecast period, growing at a CAGR of 2% over the forecast period.
  • Rising demand for Pyrolytic Boron Nitride in end-use industries such as semiconductors, OLEDs, and CSCG has pushed the growth of the market in recent years.
  • Key players are working on propelling the sale of Pyrolytic Boron Nitride to meet the rising demand across the globe.
  • The increasing usage and demand for Pyrolytic Boron Nitride in the production of crucibles, plates, boats, and other and PBN’s exceptional properties, such as superior mechanical strength and thermal stability, are expected to drive PBN demand during the forecast period.
  • The presence of enormous consumer base, R&D activities, growth of the end-use industries and a strong industrial base are some of the key factors propelling the demand.

Competitive Landscape

Shin-Etsu Chemical Co., Ltd., Morgan Advanced Materials, Beijing Boyu Semiconductor Vessel Craftwork Technology Co., Ltd, Innovacera Technical Ceramic Solutions, Liling Xing Tai Long Special Ceramics Co., ltd, Shandong Pengcheng Special Ceramics, Shenyang Shunli Graphite Co., Ltd., Shandong Yuwang Industrial Co. Ltd., Momentive Technologies, Xing Tai Long Special Ceramics Co and various others are some of the key manufacturers of Pyrolytic Boron Nitride profiled in the full version of the report.

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Pyrolytic Boron Nitride Market Segmentation

By Grade:

  • High Pure
  • Ultra-pure

By Product Type:

  • Crucibles
  • Boats
  • Rods
  • Plates
  • Tubes
  • Coatings
  • Others

By Application:

  • Wafer Processing
  • OLED
  • Furnace Components
  • CSCG

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

Lithium Ion Battery Separator Market to surpass US$ 3.25 Bn by 2032, Says FMI

In 2032, the lithium ion battery separators market is projected to generate US$ 3,256.7 Million while growing at a CAGR of 7.2%. In 2022, the market is anticipated to be worth US$ 1,624.9 Million. Lithium ion batteries are anticipated to be used extensively throughout the transition from fuel-based to zero-emission electric cars. Automobiles, storage technologies, and consumer electronics will all experience exponential expansion during the coming ten years. The market saw a growth rate of 5.3% between 2016 and 21.

The Lithium ion battery separator shutdowns the mechanism of the battery when abnormal heat generation occur with the battery cell. Lithium ion battery separators are also used to prevent physical contact between anode and cathode while facilitating ion transport thereby preventing short circuit and increasing reliability of the lithium ion battery. Lithium ion battery separator are primarily manufactured from non-woven fiber, polymer films and ceramic material, where porous membrane are commonly used with these materials in manufacturing of lithium ion battery separator due its low manufacturing cost, prevent mixing of chemicals and improved mechanical properties.

Key manufacturers of the market are shifting from use of polymer separator to ceramic coated lithium coated lithium ion battery separators which improved life cycle and increase the performance of lithium ion battery.

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Global Lithium Ion Battery Separator: Market Dynamics

Due to stringent government regulations on automotive and industrial sector for carbon emission due to which manufacturers are shifting towards lithium ion battery in automobiles and for industrial applications  which lead to the growth of lithium ion battery separator market. Growing consumption of smartphones, tablets and electronics products are positively impacting the growth of lithium ion battery separator market, globally.

Global automotive manufactures are more focus on manufacturing vehicles that utilize electric drivetrains, plug-in hybrid electric vehicles, including battery electric vehicles and hybrid electric vehicles which also leads to the growth of lithium ion separator market.

Low heat resistance of the separator leads to the melting of separator results in shut down of the battery and safety concerns associated with the use of polyolefin separator are restraining the growth of global lithium ion battery market. To overcome such restraints key manufacturers of market are increasing porosity of the membrane and using composite materials in manufacturing of separator which improves the safety and reliability of the battery.

Global Lithium Ion Battery Separator Market: Region-wise outlook

Growing demand of smart phones and tables in developing countries of Asia Pacific such as India and China. This rise in demand lead to boost the consumption of portable batteries results in the growth of lithium ion battery separator market, globally. Japan holds the maximum share in the global lithium ion battery separator market followed by North America. Whereas significant growth lies Western Europe for coming years. In addition Middle East and Africa and Eastern Europe holds the minimum share in lithium ion battery separator market.

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Global Lithium Ion Battery Separator Market: Key Players

The key players of lithium ion battery separator includes Asahi Kasei Group, Daramic,  Entek International LLC, Targray Technology International Inc., Freudenberg & Co. KG, Mitsubishi Plastics Inc., TEIJIN Limited, Porous Power Technologies LLC, UBE Industries Ltd., W-Scope Corporation, SK Innovation Co Ltd, Celgard LLC and Sumitomo Chemical Company Limited

Research and development department of manufacturing companies are focusing on reducing the thickness of separator by using nonwoven materials and increasing thermal stability & wettability by using composite separators. Key players of the market such as Ube Industries, SK Innovation etc. are expanding their production capacities in foreign regions to strengthen their global presence.

The lithium ion battery separator market 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 categories such as market segments, and geographies.

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Global Lithium Ion Battery Separator Market: Segmentation

Global lithium ion battery separator market is segmented based on material used, by temperature resistance, by thickness, by porosity of separator and by region

The global lithium ion battery separator market is segmented based on material used:

  • Polypropylene (PP)
  • Polyethylene (PE)
  • Nylon
  • Others ( nanofibers and microfibers materials )

The global lithium ion battery separator market is segmented based on temperature resistance:

  • 10 oC -25 oC
  • 130 oC-135 oC

The global lithium ion battery separator market is segmented based on thickness:

  • 16µm
  • 20µm
  • 25µm

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com