Global Market Analysis Report of Chemicals and Materials Industry

Monday, 17 February 2020

Healthy Growth Prospects Predicted for Plastisols Market

Between 2009 and 2018, the worldwide construction industry grew from $16.085 trillion to $23.518 trillion, as per the World Bank. With the rise in the disposable income and urban migration rate, especially in developing countries, the demand for housing and commercial real estate is increasingly. This is resulting in an escalating demand for construction materials, including paints, adhesives, coatings, and sealants. As a result, the consumption of the raw materials that go into their production is also surging; one of these raw materials are plastisols, which are a mixture of a plasticizer and polyvinyl chloride (PVC).

Therefore, with the prosperity of the construction sector, the plastisols market is predicted to reach $40,464.8 million by 2023, from $26,267.2 million in 2017, at a 7.5% CAGR during 2018–2023. Due to their insolubility in water and chemical, fire, corrosion, and heat resistance, such products have numerous applications, such as textile screen printing, coatings, adhesives & sealants, and moldings. Among these, the largest consumption of such materials was in coatings, during 2013–2017. Plastisol coatings provide the surface with texture, color, durability, toughness, and softness.

Get a sample copy of the market analysis report at:http://bit.ly/37AxYC6

During the forecast period, the usage of these products would increase the fastest in the textile screen printing application, which involves the printing of various decorative patterns on a range of fabrics. During the process, a screen with inlets for the ink is placed atop the fabric, so only the uncovered sections on the fabric are printed, much like what happens with a stencil. As plastisol inks are not soluble in water, they do not dry out, even if they are left on the screen for long durations. Additionally, they offer opaqueness, cost-effectiveness, and excellent performance. Thus, with the growing popularity of printed jeans, t-shirts, jackets, sweatshirts, tote bags, and cushions, the consumption of the materials is increasing.

Further, governments around the globe are implementing supportive policies for plastisol export, import, and commercialization. For instance, in automobiles, furniture, and upholstery, the use of plastisols has been made compulsory in numerous nations, owing to their flame-retardant capabilities. Additionally, the textile sector is receiving government impetus, which is resulting in the rising usage of plastisol inks. For instance, Government of Indonesia plans to export textiles worth $75 billion by 2030, aiming to account increase its share in global textile exports by 5%. Similarly, 13 textile parks were set up by the Indian government in 2014 to offer small and mid-size manufacturers financial aid.

Historically, the heaviest usage of such materials has been recorded in Asia-Pacific (APAC), owing to its increasing disposable income and expanding end-use sectors, including transportation and textile. Further, the easy availability of the material, due to its surging production in the region, also drives the regional market. Several Europe and U.S.-based market players are shifting their production operations to APAC, as labor and raw materials are available at low prices here. Within APAC, China is expected to witness the fastest plastisols market growth during the forecast period, due to the continuously increasing foreign investments for the production of such materials in the country.

Hence, as printed textiles become more popular and the demand for residential and commercial infrastructure grows, the usage of plastisols would also rise.

Manish Baghel 0

Tuesday, 11 February 2020

Global Aerosol Market Growth 05:47

How is Expansion of Different Industries Driving Aerosol Market?

Several industries are witnessing considerable growth as the developing countries, including Malaysia, China, India, and Brazil, are registering swift industrialization. For example, the food & beverages industry in the U.S., China, and India is growing due to the rising disposable income of people. The living standards and food habits of consumers are changing, which is why they are spending increasingly on different food and beverage items. Similarly, the automotive industry is also registering considerable growth, as people are able to spend more on automobiles for their personal use. These industries make extensive utilization of aerosol products for different applications, which is why their growth is resulting in the increasing demand for aerosol.

Aerosol is a substance that is packaged under pressure and is dispensed and released as a fine spray by means of propellant gas through a container. As per a report by P&S Intelligence, in 2017, the global aerosol market reached a value of $53,871.6 million and is expected to attain $75,208.9 million in 2023, witnessing a 5.8% CAGR during the forecast period (2018–2023). Among the different regions, namely Asia-Pacific, Europe, North America, and Rest of the World, Europe created the largest demand for aerosol during 2013–2017. The fastest growth in demand is expected to be generated by the APAC region in the coming years.

Request to get a sample copy of the market analysis report: http://bit.ly/38kVX9t

There are several applications of aerosol including insecticide, household, personal care, food & beverages, paints & varnishes, and automotive. Some other applications are technical and medical. Out of these, the highest demand for aerosol was created for the personal care application during 2013–2017 and the situation is projected to remain the same during the forecast period as well. The fastest growth in demand for aerosol is expected to be witnessed by the insecticide application in the near future. The utilization of aerosols as insecticides generate less waste than other insecticides, since they are designed to deliver a specific amount of poison and are metered.

The expanding personal care industry is a key driving factor of the aerosol market, owing to the fact that aerosols are utilized widely in several products, including dry shampoo, body spray, hair spray, shave cream, deodorant, and mousse foundation, in the personal care industry. The growth of the personal care industry is taking place because of the rising disposable income of people, which is allowing them to spend on luxury personal care products. In addition to this, the development of advanced and enhanced products, such as cosmeceutical (pharmaceutical & topical cosmetics) and other multifunctional products is further predicted to drive the industry.

The rising requirement for aerosols in packaging applications for different products, such as insecticides, household cleaners, paint sprays, & cosmetics, is opening up wide opportunities for players operating in the aerosol domain. Aerosol packaging provides easy application of insecticides and household products, without any skin contact, which is a significant characteristic for these products. Apart from this, aerosol products have a longer shelf life and remain fresh for a long time. This is projected to drive the demand for aerosol products in the near future.

Manish Baghel 0

Monday, 10 February 2020

Plasticizers Market Size 05:22

How are Increasing Construction Activities Driving Plasticizers Market?

In 2018, the plasticizers market valued $13,967.9 million, and it is predicted to reach $16,700.6 million by 2024, witnessing a 3.5% CAGR during 2019–2024 (forecast period). The increasing demand for polyvinylchloride (PVC) in the electronics and electrical industry and requirement for construction material is driving the market growth. Plasticizers are additives used during the manufacturing of plastics, to improve their performance, as they are usually cheaper than other additives.

The global production of plastics increased during the historical period (2016–2018), so did the production of PVC, for use as an insulation for electrical wires. PVC is used in these products owing to its flexible nature and good resistance to temperature and ultraviolet (UV) rays, which is because of the presence of plasticizers. The share of plasticizer-containing PVC in wires and cables is expected to witness a considerable progress during the forecast period. Thus, the rising consumption of PVC, containing plasticizers, in the electrical and electronics industry, will boost the growth of the global plasticizers market.

Get A Sample Copy of Market Analysis at: http://bit.ly/3bqhQGp

Based on end use, the market is classified into flooring, roofing, & cladding, wires and cables, automotive parts, films & sheets, toys and child care products, medical equipment, and others. Among these, wires and cables held the largest value and volume shares in the plasticizers market in 2018. The category is projected to witness considerable growth, at a CAGR of 3.8%, in terms of value, during the forecast period. The growth of the category is driven by the high wire and cable demand in the automotive, construction, healthcare, electrical, and packaging industries.

In terms of product, the plasticizers market is bifurcated into phthalates and non-phthalates. Non-phthalate plasticizers are expected to witness the higher CAGR during the forecast period, because of their non-toxic profile. Health concerns across the developed countries have led to the banning of major phthalate plasticizers, and the strict policies implemented by governments have increased the demand for non-phthalate variants. These are the key factors boosting the demand for non-phthalate plasticizers, which is why this bifurcation is expected to grow considerably during the forecast period.

Almost 90% of the plasticizers used to produce PVC are phthalates; however, they impart toxicity, and with severe health concerns in developed countries, a ban on the use of such plasticizers has been implemented. The ban and strict regulations enforced by the government have boosted the demand for non-phthalate variants, which are non-toxic in nature. Now, they are increasingly being used for the production of PVC, which is itself used to manufacture medical devices, toys, and several other end products.

Globally, the highest demand for plasticizers was witnessed in the Asia-Pacific (APAC) region, which accounted for an over 60.0% share, in terms of value and volume, in 2018. The market size and predicted growth during the forecast period are attributed to the region’s high-volume manufacturing, chemicals, automotive, electrical and electronics, construction, and several other end-use industries, majorly in India, China, and Indonesia. All these industries require plasticizers in PVC, so that the end products are flexible. Thus, the increasing demand for PVC is expected to boost the regional plasticizers market growth during the forecast period.

Therefore, it is clearly visible that with the rising demand for non-phthalate plasticizers in the electronic and electric industry, the market will prosper in the coming years.

Manish Baghel 0

Thursday, 6 February 2020

Plastic Recycling Market Size 02:45

Plastic Recycling Market Boom to be Led by Europe during 2019–2024

A lot of things in our life are made of plastics, due to their wide availability and the fact that objects made from such materials are rather cost-effective. However, with the increasing production of plastics, the problem of their sustainable disposal is also becoming graver by the day. As plastics aren’t biodegradable, they lead to pollution on land, in water, and even inside bodies of animals. As per the National Geographic Society, around 8.3 billion tons of plastics have been produced till now, and most of it has been in the form of disposable products, but only 9% of it has been recycled.

Therefore, due to the strengthening focus on reusing such materials as much as possible, the plastic recycling market is projected to grow from $41,238.8 million in 2018 to $64,139.7 million by 2024, at an 8.6% CAGR during 2019–2024. Governments in North America and Europe have established several centers for plastic waste collection and sorting, and in some places, recyclers are being offered monetary incentives. Additionally, policies to decrease plastic waste production have been implemented in many places across the world.

Get sample copy of market analysis report at: http://bit.ly/370ARfe

Historically, Europe sent most of its waste to China for recycling, but with the banning of plastic waste import there, European nations have had to reroute their exports to South Asian countries, which have fairly low reprocessing capacities. As a result, recycling is picking up pace in Europe, with a large chunk of the waste being dumped in landfills and incinerators. In 2018, the European Commission adopted the Plastics Strategy, which is aimed at developing better reprocessing technologies. Further, $270 million (EUR 250 million) has been invested to create plastics with better recyclability.

Sheets, packaging, wires and cables, pipes, and molded products are the various sources for recycled plastics. Among these, the largest volume of plastics for recycling came from packaging materials, during 2014–2018. As packaging materials are designed for a short life, they produce considerable amounts of waste. Further, with enhancements in the recycling process, packaging materials are able to maintain their storage consistency and visual attributes. Additionally, the reuse of plastics for the same product they were originally meant for is being encouraged, as reprocessing requires low electricity and is more environmental-friendly compared to the manufacturing of virgin materials.

Food and beverage, household and personal care, automotive, and construction are the most significant industries, from the point of plastic waste generation for reprocessing. Among these, the food and beverage sector contributed the largest volume of the materials for recycling during the historical period. The reason is that the sector employs several kinds of plastics, including high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE), and polystyrene (PS), for storage, packaging, preservation, transportation, and aesthetic purposes. People throw these away after use, and they are then used by reprocessing plants.

Asia-Pacific is currently the largest plastic recycler, due to its high reprocessing capacity, which is itself a result of the high import as well as locally generated volumes of such waste. Additionally, the low labor cost makes manual activities, such as cleaning, collection, and sorting, cost-effective, which is another reason for the high recycling rate of APAC. During the forecast period, plastic recycling market growth in Europe would be the fastest, as a result of the establishment of more reprocessing plants and strict targets to ensure environment sustainability.

Thus, as plastic waste mounts immense pressure on governments to do something about it, the market for its reprocessing and reuse will keep growing.

Manish Baghel 0