Global Market Analysis Report of Chemicals and Materials Industry

Friday, 27 March 2020

High Temperature Elastomers Market size 04:49

How is Increasing Vehicle Production Driving High Temperature Elastomers Market?

The vehicle production around the world is increasing primarily due to the rising disposable income of people. As per the European Automobile Manufacturers Association, over 80 million passenger cars were produced across the globe in 2017. Furthermore, approximately 18.4 million commercial vehicles were manufactured in 2016 globally. The automotive industry in regions including Latin America and Asia-Pacific is particularly witnessing significant growth. This rising production of vehicles is generating increasing demand for high temperature elastomers, as they are preferred for dampers, gaskets, hoses, boots, and seats, which in turn, is attributed to their flexibility and resistivity to heat and automotive lubricants.

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Synthetic and natural polymers which possess elastic properties are referred to as elastomers. High temperature elastomers are polymers that are made from long chain of atoms possessing elastic property and have the ability to withstand high range of temperatures. According to a report by P&S Intelligence, in 2017, the global high temperature elastomers market generated a revenue of $9,9991.7 million and is projected to attain a value of $14,951.4 million in 2023, witnessing a 7.0% CAGR during the forecast period (2018–2023). Geographically, Asia-Pacific created the largest demand for high temperature elastomers during 2013–2017 due to the rising construction activities, swift economic growth, and presence of large number of electric and electronics manufacturing companies.

The rising investment for the development of advanced elastomers is a key trend in the high temperature elastomers market. Different companies in the domain have started investing in research & development activities foe expanding their application areas and targeting new industries. In addition to this, the rising requirement for new and advanced polymers with unique properties are further resulting in increasing investments by the manufacturers. There is a growing need for improving the control of molecular structure, formulating existing polymer types, and copolymerization. Attributed to this, the manufacturers are focusing on new polymerization techniques and catalysts for controlling tacticity, molar mass distribution, molar mass, and comonomer composition.

High Temperature Elastomers Market Competitive Landscape

Some of the major players operating in the global high temperature elastomers market are Dow Corning Corporation, KCC Corporation, Solvay S.A., Momentive Performance Materials Inc., Wacker Chemie AG, 3M Company, Daikin Industries, Ltd., RTP Company, Shin-Etsu Chemical Co., Ltd., and The Chemours Company.

GLOBAL HIGH TEMPERATURE ELASTOMERS MARKET SEGMENTATION

By Type

Fluorocarbon
Perfluorocarbon
Silicone
Fluorosilicone
Others

By Application

Automobile and Transportation
Semiconductor and Electronics
Healthcare
Consumer Products
Industrial Machinery
Others

Manish Baghel 0

Thursday, 26 March 2020

Global growth of Anti-Counterfeit Packaging Market 06:47

Increasing Focus of Manufacturers on Brand Protection Driving Anti-Counterfeit Packaging Market

In 2017, the global anti-counterfeitpackaging market generated $114.4 billion and is predicted to attain a value of $208.4 billion in 2023, advancing at a 10.9% CAGR during the forecast period (2018–2023). The market is registering growth due to the rising focus on brand protection and expansion of the counterfeit industry. The unauthorized reproductions of a trademarks brand which are identical to genuine products is counterfeiting. Secure packaging is needed for avoiding this counterfeiting of products. Anti-counterfeit packaging is the process of assigning secure packaging to the products for minimizing infringement and counterfeiting.

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When technology is considered, the anti-counterfeit packaging market is divided into track & trace, covert, forensic, and overt. Among these, the track & trace division dominated the market during the historical period (2013–2017) and is predicted to register the highest CAGR of 11.3% during the forecast period. This is because of the increasing adoption of tracking and tracing by the manufacturers for avoiding any technological complications n the supply chain. The technology includes the assigning of unique identity to each product that helps in the tracing of product later in the supply chain.

The growing focus of manufacturers on brand protection is a key driving factor of the anti-counterfeit packaging market. The concern among manufacturers regarding losses due to the sales of counterfeit products is increasing. This, along with concerns regarding brand dilution, is driving the market. For example, the requirement for anti-counterfeit technologies by the pharmaceutical industry is rising because of the high demand caused by the utilization of spurious products. As per the industry experts, at least 1% of all the drugs that are circulated are counterfeit even in the most secure market.

Among the different regions, namely Middle East & Africa, North America, Central & South America, Europe, and Asia-Pacific, North America held the largest share of the anti-counterfeit packaging market during the historical period and is further predicted to dominate the market during the forecast period. The reason for this is the strong base of food & beverage, pharmaceutical, and consumer goods manufacturing companies in the region. The Asia-Pacific region is expected to grow at the fastest pace during the forecast period.

Hence, the market is growing due to the expanding counterfeit industry and rising focus of manufacturers on brand protection.

Manish Baghel 0

Friday, 20 March 2020

Printing Inks Market Size 04:23

How will Rising Demand for Packaged Products Stimulate Growth in APAC Printing Inks Market

Printing inks can be defined as pastes or liquids, containing pigments or dyes, which are majorly used for coloring a surface, in order to produce a design, text or image. Owing to the increasing consumption of packaged food items and growing demand for bio-based products, the Asia-Pacific printing inks market is expected to reach $7,000.2 million in revenue by 2023, from $5,344.1 million in 2017. It is also predicted to register a 4.6% CAGR during the forecast period (2018–2023).

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Due to the rising awareness about the hazardous effects of volatile organic compound (VOC) emissions and growing concerns over the presence of heavy metals in printing inks, those made from bio-based products are set to witness a surge in usage, in the coming years. Moreover, these inks easily separate from paper, thus resulting in a better recyclability of paper. This is expected to cause a massive upswing in the market, by driving the demand for bio-based products.

The APAC printing inks market, on the basis of product, is categorized into gravure inks, digital inks, flexographic inks, letterpress inks, lithographic inks, and others, wherein the others category includes fluorescent inks, magnetic inks, and metallic inks. Amongst these, flexographic inks, on account of their ability to support multiple colors as well as be used with both oil-based and water-based inks, are expected to register the fastest growth during the forecast period, with a CAGR of 5.7%.

Based on application, the APAC printing inks market is divided into commercial printing, publication, labels and packaging, and others, which includes apparel printing and decorative printing. Out of the different market categories, labels and packaging occupied more than 40.0% market share in 2017. The main factor which contributed toward its commanding market position was the high number of packaging applications in the e-commerce industry. These application areas are predicted to widen, thereby increasing the demand for printing inks during the forecast period.

The key trend being witnessed in the APAC printing inks market is the ballooning investments directed toward the expansion of the production capacity in the region, which have resulted in the setting up of new printing ink production plants. Further, a drastic shift toward flexographic inks from traditional products is also being witnessed. Flexographic inks provide innumerable advantages, such as fast printing process, plethora of color options, and the ability to print on non-absorbent substances, which is why the preference for these is surging.

In the APAC region, countries such as India, China, and Indonesia, on account of large-scale industrialization and commercialization, have emerged as some of the biggest markets for printing inks, in the last few years. Owing to the increasing urbanization and growing literacy rate, China recorded the largest share, amongst all the countries, in the APAC printing inks market, in 2017. Due to the rapidly rising demand for packaging and paper media, China is predicted to maintain its lead in the market till 2023.

Thus, the rising incorporation of bio-based products in a variety of applications, burgeoning manufacturing sector, and increasing sale of packaged products will lead to a flourishing market in the coming years.

Manish Baghel 0

Wednesday, 18 March 2020

Control Valves Market Size 02:57

Growing Use in Food & Beverages Industry Driving Control Valves Market

In 2017, the control valves market generated $11,137.0 million and is predicted to attain $16,057.5 million by 2023, registering a 6.3% CAGR during the forecast period (2018–2023). The market is growing due to the rising need for wireless infrastructure to monitor and control equipment, increasing infrastructure projects, surging use in the food & beverage industry, and high energy demand because of increasing population. A physical device which is utilized for controlling the flow of fluid by varying the size of the flow passage with the aid of a controller is called a control valve.

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When actuation technology is taken into consideration, the control valves market is categorized into electric control valve, manual control valve, hydraulic control valve, and pneumatic control valve. Among these, the pneumatic control valve category held the largest share of the market during the historical period (2013–2017), accounting for a volume share of over 35.0% in 2017, and is further predicted to retain its position during the forecast period. This is because these valves are simple to operate, offer precise linear motion, and can be utilized in a wide range of temperatures.

In terms of application, the control valves market is divided into wastewater management, power generation, pharmaceuticals, oil & gas, automotive, chemicals, food & beverages, and others (which include agriculture, mining, and marine). Out of these, the power generation division dominated the market during the historical period, in terms of volume. However, the oil & gas division is expected to account for the major share of the market in 2023. The pharmaceuticals division is predicted to grow at the fastest pace during the forecast period.

A key driving factor of the control valves market is the rising need for wireless infrastructure for monitoring and controlling equipment in different industries, such as power plants and oil & gas. Companies face difficulty in maintaining different units in large scale oil fields, which has resulted in the increasing usage of wireless infrastructure, including automated valves. These valves can be controlled from the central control unit. Attributed to these factors, various units of oil & gas facilities are being fitted with these valves that are controlled remotely.

The rising usage of control valves by the food & beverages industry is another key driving factor of the control valves market. Due to the increase in disposable income, people are increasingly spending their income on processed foods, which, in turn, has led to a growth in the number of food processing plants. These plants make use of control valves in different units. The commonly utilized valves in this industry are check, globe, and gate valves. Moreover, butterfly and ball valves are used by the dairy processing industry for preventing leakage and contamination.

A key trend being witnessed in the control valves market is the development of new valve technology, which includes the development of valves which are embedded withs sensors. Conventional valves were utilized mechanically without any chips or processors embedded in it. However, now the manufacturers are focusing on developing new technologies which will allow the valves to deliver real time data on flow rates and operating conditions. In addition to this, these valves will also aid in the prediction of maintenance and unplanned shutdowns.

Hence, the market is being driven by the increasing utilization of control valves in the food & beverages industry and rising requirement for wireless infrastructure to control and monitor equipment.

Manish Baghel 0

Monday, 16 March 2020

Growth of 3D Printing Materials Market 00:53

What are Key Factors Driving Growth of 3D Printing Materials Market?

As a result of the increasing use of 3D printing in the manufacturing sector, rising demand for automobiles, and the presence of a prosperous aerospace industry, the global 3D printing materials market is expected to reach $1,365.6 million by 2023, from its recorded value of $558.4 million in 2017, registering a CAGR of 16.7% during the forecast period (2018–2023). This high demand for 3D printing materials is primarily due to the rising adoption of additive manufacturing as well as the increasing need for mass customization.

The key factors that are driving the advance of the 3D printing materials market are the increasing popularity of the concept in additive manufacturing and rapidly expanding automobile sector, especially in emerging economies, such as India and China. Additive manufacturing refers to a manufacturing process which uses computer-aided designing (CAD) software to add material, layer by layer, in precise shapes, to create an object. 3D printing, owing to its property of generating almost negligible leftover material, has revolutionized additive manufacturing.

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The recent years have witnessed a large-scale integration of additive manufacturing by various companies, in order to yield better results. Currently, the majority of companies are using 3D printing for prototyping. However, in industries such as aerospace and defense and medical and dental, it is being widely used in the complete production process, thereby helping the market prosper. According to a report by Harvard Business Review, the U.S. hearing aid industry has completely incorporated additive manufacturing into its manufacturing process, in 500 days.

On the basis of type, the 3D printing materials market has been divided into ceramics, metals, plastics, and others, wherein the others category includes sand, waxes, marble, wood and stone, and edible materials. Out of these, the plastics category had the largest sales volume share, of over 40.0%, in 2017. The major factor that contributed toward its huge market share was the wide preference for plastics in the process, due to their lower cost and easier melting process, which make forming the final product quick.

Depending on form, the 3D printing materials market is categorized into filament, powder, and liquid. Amongst these, the filament category had the largest market share in 2017, of over 50.0%, in terms of sales volume. Due to their superior characteristics, such as decreased shrinkage, improved layer adhesion, high density, and warp resistance, polylactic acid (PLA) and acrylonitrile butadiene styrene (ABS) are the most commonly used plastic filaments in 3D printing.

The biggest trend in the 3D printing materials market is the incorporation of this production technique in the education sector. In recent times, various schools have adopted 3D printing technologies in their curriculum, in a bid to increase students’ creativity. The technology is also playing a huge role in improving the quality of higher education, especially in science, technology, engineering, and mathematics (STEM), by helping students understand complex mathematical models better.

Thus, due to the increasing use of 3D printing in the manufacturing sector and rising incorporation of the technology in additive manufacturing, the market is set to witness considerable growth in the coming years.

Manish Baghel 0

Thursday, 5 March 2020

Global Growth of Electroceramics Market 01:12

Expanding Semiconductors & Electronics Industry Driving Electroceramics Market

In 2017, the global electroceramics market generated a revenue of $8,590.9 million and is expected to attain a value of $12,084.4 million in 2023, advancing at a 5.9% CAGR during the forecast period (2018–2023). Factors positively affecting the growth of the market are the expansion of the semiconductors and electronics industry, growth of the medical industry and requirement for electroceramics in sensors and implants, and expanding automotive industry and demand for electroceramics in automotive devices and components. Type of ceramic materials which exhibit electrical properties are referred to as electroceramics.

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In terms of type, the electroceramics market is divided into magnetic ceramics, dielectric ceramics, piezoelectric ceramics, conductive ceramics, and others (which include ferroelectric and fast ion ceramics). Among these, the dielectric ceramics dominated the market during the historical period (2013–2023), contributing a volume share of over 35.0% in 2017. The reason for this is the rising requirement for these ceramics in capacitors and insulators, which are major components in industrial and consumer electronic devices. The fastest growth is predicted to be registered by conductive ceramics during the forecast period.

When application is taken into consideration, the electroceramics market is categorized into power distribution devices, capacitors, actuators & sensors, data storage devices, optoelectronic devices, and others (resonators and radio frequency devices). Out of these, the capacitors category accounted for the major share of the market during the historical period, in terms of volume, and is further expected to dominate the market during the forecast period, owing to the high requirement for these products for usage in different devices. The optoelectronic devices category is projected to advance at the fastest pace during the forecast period.

A key driving factor of the electroceramics market is the expansion of the semiconductor and electronics industry. As per the Consumer Electronics Association, consumer electronics retail revenue was $351.0 billion in 2018, witnessing a 3.9% rise in its revenue in 2017. The industry is primarily growing due to the macroeconomic growth in developing countries. Electroceramics are increasingly being utilized for different applications in the industry because of their properties, such as high damage tolerance, temperature resistance, toughness, and corrosion resistance. Furthermore, the use of these ceramics significantly reduces the overall weight of electronics.

Another major factor contributing to the growth of the electroceramics market is the expansion of the medical industry and rising demand for electroceramics in implants and sensors. The growth of the healthcare industry is attributed to the increasing demand for healthcare services and rising capital allocation by public and private partnerships in the healthcare sector. In recent years, the adoption of electroceramics in the medical industry has increased because they are harder and more heat and corrosion resistant than other materials.

The advancements in the fabrication technology and widespread adoption of internet of things (IoT) is providing wide opportunities to the players operating in the electroceramics market. The requirement for higher volumetric efficiency multilayer capacitors has impacted the technologies concerned with the preparation of powders having closely defined physical and chemical characteristics and on their processing into components. The emergence of technologies such as IoT are further predicted to drive the requirement for these products in capacitors, sensors, and automotive and aerospace components.

Hence, the market is being driven the growth of the semiconductors & electronics industry and medical industry and increasing demand for electroceramics in implants and sensors.

Manish Baghel 0