Friday, 28 October 2016

Global Mica Market: R&D to Play Important Role in Broadening Application Spectrum, says TMR

The global mica market is led by companies such as The Premier Mica Company, Ashville-Schoonmaker Mica Company, and Mica Manufacturing Co. Pvt. Ltd. Large-scale manufacturers have easy access to raw materials owing to their integrated operations, thereby boasting a competitive advantage over other companies. The business dynamics depend on goodwill of companies and long-term contracts. Transparency Market Research in its new study, recommends companies to invest in R&D for introducing new and improved products in the market and also focus on the production of customized products by assessing the needs of customers. Numerous substitutes for mica are available in the market, including acrylate fiberglass, polymers, nylon, cellulose acetate, phenolics, and fish paper. These substitutes can replace mica for its filler, electronics, electrical, and insulation usage. Thus, the threat of substitutes will be high in the coming years.

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Surge in Electronics Industry to Boost Asia Pacific Mica Market

According to the report, the global mica market is expected to rise from US$478.1 mn in 2015 to US$669.3 mn by 2024. The Asia Pacific region led the mica market in 2015 and this trend is anticipated to continue through 2024. The growing electronics industry in Asia Pacific has led to an increased demand for mica. China is a key producer and consumer of mica in the world and is thus, behind the growth of the market in Asia Pacific. By form, the natural mica segment will continue to remain dominant and account for 88% of the market by 2024. On the basis of grade, the ground mica segment is expected to lead in the coming years and is projected to be worth US$359.3 mn by 2024. By end-user industry, the electronics segment is most likely to lead and is estimated to be worth US$183.7 mn by 2024.

High Demand from Cosmetics, Construction, and Electronics Industries to Drive Mica Market

Mica is used as an additive in the paints and coatings industry to improve product luster and in the construction industry for joining cement in damp-proof seals, asphaltic roofing, and gypsum boards. It is also used in the cosmetics industry and in the manufacturing of toothpaste. Thus, the demand for mica from these industries is expected to boost the market in the coming years. Mica can also be used as an insulator and since it has the ability to remain stable even when exposed to light, heat, electricity, moisture, and other extreme conditions, it is extensively used in the electronics industry.

One of the factors hampering the growth of the market is the serious health issues caused by mining. Workers on a mining site can suffer from various chronic diseases and thus, governments across countries have laid various rules to curb health hazards and pollution at mines. This can affect the global mica market because there is no other way of procuring mica except mining.

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Technological Advancements to Make Mica Useful in Robotics Sector

Research and development and technological advancements are likely to increase the probable applications of mica. “As mica is extensively used in the electronics industry, there is a strong chance of mica being used in the field of robotics in the not-too-distant future,” says a TMR analyst. This is expected to widen the scope of the global mica market and provide lucrative opportunities for players. Moreover, the growth of the construction and electronics sectors will continue to ensure high demand for mica in the coming years.

This information is based on the findings of a report published by Transparency Market Research, titled “Mica Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

The global mica market is segmented as follows:

Mica Market – Form Analysis
  • Natural Mica
  • Synthetic Mica
Mica Market – Grade Analysis
  • Ground Mica
  • Sheet Mica
  • Built-up Mica
Mica Market – End-user Analysis
  • Paints & Coatings
  • Electronics
  • Construction
  • Cosmetics
  • Others (Rubber, Plastics, etc.)
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Smart Materials Market: Growing Research and Development Activities to Open New Application Areas, finds TMR

The growth of the global smart materials market is dependent on many small markets such as thermally responsive and biomimetic materials as it is a confluence of all these markets, states Transparency Market Research (TMR) in a new research report. Only a few companies that operate in the global smart materials market hold a high production capacity and thus invest heavily in research and development activities to advance existing smart materials and discover more variants. Leading players operating in the global smart materials market are TDK Corporation, Wright Medical Group Inc., Noliac A/S, Kyocera Corporation, CTS Corporation, Advanced Cerametrics Inc., APC International Ltd, and LORD Corporation among others.

The global smart materials market is expected to expand at a CAGR of 12.5% between 2014 and 2020. The market was worth US$34.96 bn in 2015 and is likely to touch a valuation of US$63.28 bn by the end of 2020. In terms of product type, piezo-electric materials led the global smart materials market in 2013 with a share of 51.0%. The segment is expected to retain a lead until 2020 with a share of approximately 52.9% in the same year. Owing to the demand for piezo-electric materials from various end-use industries in Asia Pacific and the Rest of the World, the sales of these materials are expected to accelerate over the forecast period. Furthermore, this product segment is also projected to witness strong growth over the next couple of years.

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Growing Construction Industry to Fuel Demand for Smart Materials in North America

Regionally, North America dominated the global smart materials in terms of consumption with a share of 38.4% in 2013 and is likely to retain a lead with a share of 38.2% by the end of 2020. According to a TMR analyst, “The growth of the smart materials market in North America can be attributed to their rising demand in applications such as structural materials and motors and actuators.” Moreover, the building and construction industry in North America is focusing on the implementation of new techniques regarding the monitoring of structural health, environment control, and vibration control, thus driving the demand for smart materials in the region. The growth of the global smart materials market is further expected to be fueled by the growing demand for smart materials from applications such as embedded and surface-mounted sensors.

Flourishing Bionics and Artificial Organ Industries to Aid Market Growth

Smart materials such as biomimetic materials have applications in the bionics industry for the development of engineering systems and modern technologies. Several industries such as healthcare, wind energy, marine, aerospace, and automotive use biomimetic materials in their manufacturing processes. For instance, biomimetic systems and materials are used in the copying mechanisms for the production of water sports attire for replicating shark skin. Further, in the healthcare industry, biomimetic materials are used in applications such as artificial muscles and artificial organs, which are made from biomimetic materials with electronic systems and components. As a result of the rising adoption of artificial organs, the demand for smart materials is expected to intensify over the forecast period.

Transformation of Smart Materials into Commercial Products to Act as Challenge for Manufacturers

Dynamic features of smart materials enable them to sense and respond to environmental changes and adapt according to the surroundings. Smart materials have characteristics such as biomimetic, controlling, actuating, and sensing. Although smart materials have applications in many industries, manufacturers are striving to transform them into commercial products. The challenge of converting smart materials into commercial products is likely to impact the cost of these materials. Thus, manufacturers are investing in research and development projects to decrease the cost of smart materials as well as make them commercially viable.

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This review is based on a Transparency Market Research report titled, “Smart Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020.”

This report segments the global smart materials market as follows:

Smart Materials Market - Product Segment Analysis
  • Biomimetic materials
  • Piezo-electric materials
  • Thermally responsive materials
  • Others (including smart fluids, smart hydrogels etc.)
Smart Materials Market - Application Analysis
  • Actuators & motors
  • Sensors
  • Transducers
  • Structural materials
  • Others (including sports & leisure, energy harvesting devices, mechanical structures etc.)
Smart Materials Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Thursday, 27 October 2016

Global Green Building Materials Market: Renovations and Retrofit Projects to Bode Well for Market Growth, says TMR

The global green materials market is extremely fragmented in nature with a moderate level of competition, states a new research study by Transparency Market Research (TMR). The leading players in the global market, namely Kingspan Group Plc, E. I. duPont de Nemours Company, BASF SE, Owens Corning, and CertainTeed Corporation are projected to dominate the overall market over the next few years. In 2012, these players collectively held a share of nearly 12% in the global market in terms of revenue. In order to increase market penetration, key players are focusing on technological advancements and product innovations. Moreover, the rise in research and development activities is estimated to expand the application base and benefit the leading players.

According to the research study, in 2015, the global market for green buildings materials was valued at US$141.49 bn and is expected to reach a value of US$234.77 bn by the end of 2019. The market is predicted to expand at a 12.50% CAGR between 2013 and 2019.

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Increasing Construction Activities to Drive Demand for Green Building Materials

Among the key geographical segments, North America is presently leading the global green building materials market and is expected to account for a share of 41.6% by the end of 2019. “The increasing number of construction activities in this region is the primary factor boosting the demand for green building materials,” says a TMR analyst. In addition, the high growth of this region can be attributed rising demand for roofing, insulation, and interior finishing applications. On the other hand, Asia Pacific is expected to experience robust growth with growing demand for framing and exterior siding.
The public facilities segment, among the other end-use segments, is expected to lead the global green building materials. This segment is estimated to hold a share of 22.1% by the end of 2019, thanks to the growing need to provide facilities to the increasing population across the globe. Additionally, the rising awareness among consumers regarding the benefits of green building technology is expected to encourage the market’s growth in the next few years.

Federal Support for Sustainable Construction to Propel Global Green Building Materials Market

As per the TMR analyst, “Investments in the global market by leading players are expected to grow throughout the forecast period, owing to the favorable regulatory framework imposed by environmental and government organizations”. In addition, the federal support for sustainable and high performance constructions is estimated to accelerate the growth of the overall market throughout the forecast period.

Furthermore, the positive effect of green buildings on human health and the growing awareness regarding the several hazards to human health of non-green building materials are projected to fuel the growth of the overall market in the next few years. Moreover, initiatives taken to promote the use of green building materials and technology are estimated to bolster the global green building materials market.

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Rigid Regulations Concerning Use of Green Building Materials to Limit Market Growth

The increasing number of organizations showing interest in green building technology has resulted in the development of rating systems, standards, and codes that are expected to allow government regulators, building construction professionals, and consumers to maintain specific standards. These strict regulations are expected to restrict the growth of the global green building materials market in the coming years. Nevertheless, the growing demand for renovations and retrofits of old constructions sites and monuments across the globe is expected to offer promising opportunities for market players.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Green Building Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013-2019.”

The global green building materials market has been segmented as below:

Green Building Materials Market, by Application
  • Framing
  • Insulation
  • Roofing
  • Exterior siding
  • Interior finishing
  • Others
Green Building Materials Market, by End Use
  • Public facilities
  • Education
  • Commercial and industrial
  • Healthcare
  • R & D centres
  • Residential
  • Others
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Carboxylic Acid-based Esters Market: Rising Use of Printing Inks Drives Demand, notes TMR

The global carboxylic acid-based esters market is dominated by companies such as INEOS AG, Jinyimeng Group Co. Ltd., Yip’s Chemical Holdings Ltd. (Jiangmen Handsome), Celanese Corporation, and Jiangsu Sopo (Group) Co. Ltd. According to Transparency Market Research (TMR), these five companies collectively accounted for 45.1% of the global carboxylic acid-based esters market in 2014. Other leading players in the carboxylic acid-based esters market are Showa Denko, Wuxi Baichuan Chemical, BASF SE, Shanghai Wujing Chemical Co. Ltd., Sipchem, and Oxea.

The global carboxylic acid-based esters market’s valuation was US$8.4 bn in 2014 and is expected to exhibit a steady CAGR of 5.3% from 2015 to 2023. The market’s final valuation is likely to be US$13.4 bn.

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Ethyl Acetate to Remain Leading Revenue Generator

The global carboxylic acid-based esters market is dominated by ethyl acetate, n-butyl acetate, and methyl acetate, which are likely to remain the market’s leading product segments through the 2015-2023 forecast period. Ethyl acetate alone accounts for around 30% of the carboxylic acid-based esters market and is likely to be the leading contributor in the coming years. In addition to these, esters such as eugenyl acetate, geranyl propionate, phenethyl acetate, and phenethyl propionate represent low-volume product segments that nevertheless offer a good profit margin due to their high prices.
By application, the paints and coatings industry dominated the demand from the global carboxylic acid-based esters market in 2014 and is likely to remain the leading contributor in the coming years. The segment’s 40% share in the carboxylic acid-based esters market in 2014 was due primarily to the use of a mixture of ethyl acetate and butyl acetate as a solvent for many paint and coating formulations.

Geographically, Asia Pacific is the leading market for carboxylic acid-based esters. Due to the growth of the manufacturing sector in countries such as China, India, Taiwan, South Korea, the demand for paints and coatings has risen steadily, driving the carboxylic acid-based esters market. The share of Asia Pacific in the global market for carboxylic acid-based esters is expected to rise to 59.3% by the end of 2023.

Rising Demand for Paints in Booming Construction Industry Vital for Carboxylic Acid-based Esters Market

One of the prime drivers for the global carboxylic acid-based esters market is the steady expansion of the construction industry, particularly in developing economies. Being relatively safe from the recent global economic crises, the rising disposable income of consumers in emerging regions such as Asia Pacific, Latin America, and the Middle East has driven the construction industry at a strong rate. The need for paints in new construction projects has thus become a key driver for the carboxylic acid-based esters market in the last few years.

The booming packaging industry, driven by the globalization of the food and beverage industry and the growing popularity of online shopping websites, has also played a key role in the growth of the carboxylic acid-based esters market in the last few years. Like paints and coatings, printing inks also need a stable solvent. The printing inks industry has thus become another key application area for the carboxylic acid-based esters market.

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On the other hand, the unstable pricing structure of the global oil and gas industry has been a key restraint on the carboxylic acid-based esters market. While the petroleum industry is showing no signs of settling down, the development of carboxylic acid-based esters derived from more easily available biobased sources is likely to help the carboxylic acid-based esters industry overcome the effect of fluctuations in the petroleum industry’s pricing in the coming years.

The information in this preview comes from a Transparency Market Research report titled ‘Carboxylic Acids Based Esters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.’

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global SLS, SLES, and LAS Market: New Production Methods Lowering Toxicity of Products to Increase Demand, says TMR

The global sodium lauryl sulfate market (SLS Liquid and SLS Dry), sodium lauryl ether sulfate industry (SLES), and linear alkylbenzene sulfonate (LAS) market is fragmented owing to low initial investments required and easy availability of raw materials. The top six companies – BASF SE, Stepan Company, Akzo Nobel N.V., Solvay, Kao Corporation, and The Dow Chemical Company accounted for 41.8% of the market in 2015. Key players are maintaining their shares in the market by investing in research and development activities and expanding their portfolio, states Transparency Market Research in its new study. Companies such as Taiwan NJC Corporation, Ltd, Godrej Industries Limited, and Evonik Industries AG are directing their efforts at increasing their market share by operating across the value chain.

According to the report, the global SLS, SLES, and LAS market is expected to rise from US$7.26 bn in 2015 to US$11.26 bn by 2024. On the basis of application, the detergents and cleaners segment is expected to lead and account for 70.1% of the market by 2024. On the basis of geography, Asia Pacific not only led in 2015 but is expected to do so through 2024, accounting for 43.3% of the market. On the basis of product, LAS will remain the dominant segment through 2024.

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High Demand from Personal Care Sector to Drive Market

The global consumption of household detergents is increasing and this trend is expected to drive the demand for SLS, SLES, and LAS surfactants. SLES and SLS are active ingredients in cosmetics such as lotions, cleansing products, and creams. These ingredients provide lathering and foaming properties to bubble baths and cleansing products, thus driving their demand. Changing trends in the lifestyle of consumers in emerging economies such as China and India coupled with the high spending capacity are expected to drive the global SLS, SLES, and LAS market. “A rise in the demand for personal care products owing to the increasing middle class population in key economies will help the market to grow significantly,” states a TMR analyst.

Availability of Bio-based Alternatives to Act as Restraint

The products used in the manufacture of SLS and SLES are non-renewable. For instance, ethylene oxide is distilled from crude oil, which is a non-renewable resource. Handmade soaps and other cosmetics which are SLS-free, are rapidly penetrating the market, as these are comparatively less expensive and safe. Thus, they are employed in the manufacturing of children care and cosmetics, posing a threat to the global SLS, SLES, and LAS market.

SLS and SLES are used in a large number of products such as bubble soaps, toothpastes, detergents, cleaners, shampoos, and shower gels. However, these products can cause many side effects. SLS causes neurotoxicity, skin and eye irritation, mutations, and other health problems. Thus, the hazardous effects of SLS and SLES are hampering the growth of the market.

Focus on Finding New Applications to Create Heightened Demand for SLS, SLES, and LAS

Players in the global sodium lauryl sulfate, sodium lauryl ether sulfate industry, and linear alkylbenzene sulfonate market are shifting their focus on discovering new and innovative applications of SLS, SLES, and LAS products. SLS emulsions are now being used for the synthesis of nanoparticles of metals such as zinc oxide and gold. SLS is used in in-vitro drug delivery on pilot scale due to its high skin penetration properties. In addition to this, manufacturers are investing in new production methods that can help lower the toxicity of these products. This will help the market to grow in the coming years.

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This information is based on the findings of a report published by Transparency Market Research, titled “Sodium Lauryl Sulfate, Sodium Lauryl Ether Sulfate Industry and Linear Alkylbenzene Sulfonate (LAS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

The global SLS, SLES, and LAS market is segmented as follows:

SLS, SLES, and LAS Market - Product Segment Analysis
  • SLS
  • SLES
  • LAS
SLS, SLES, and LAS Market - Application Segment Analysis
  • Detergents & cleaners
  • Personal care
  • Textile & leather
  • Oilfield chemicals
  • Others (including paints & coatings, polymer additives, and agricultural chemicals)
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Electroactive Polymers Market: Use in Phones, Tablets, and Headphones to Widen Scope, reports TMR

There exists a high focus on customization and innovation among players in the global electroactive polymers market as they vie to gain a competitive edge, finds Transparency Market Research (TMR) in a new report. The share of the top five companies operating in the global electroactive polymers market amounted to 25.6% in 2015. These companies are PolyOne Corporation, Heraeus Deutschland GmbH & Co. KG, BASF SE, Cabot Corporation, and Celanese. The market, because it is fragmented, operates on goodwill and long term contracts. The degree of competition varies as per regional demand. There are low entry barriers for new entrants because of a low capital requirement, states TMR. New players are entering the market with differentiated technology offerings. Electroactive ceramics is a substitute product for electroactive polymers, but with limited applications. Thus, there exists a low threat of substitutes for electroactive polymers.

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According to the report, the global electroactive polymers market is projected to rise from US$2.94 bn in 2015 to US$5.69 bn by 2024, expanding at a 7.6% CAGR from 2016 to 2024. On the basis of product, the conductive polymer segment will continue to lead and is likely to account for 82.7% of the market by 2024. By application, the ESD and EMI protection segment led in 2015 and will continue to do so through 2024. The segment is anticipated to represent 34.9% of the market by 2024. By region, North America will continue to lead and is expected to be followed by Europe. North America is expected to lead and will likely account for 62.3% of the market by 2024.

Growth in Electronics and Automotive Industries to Drive Market

The electroactive polymers market is directly related to the electronic devices and equipment industry. ESD and EMI protection, sensors, antistatic packaging, and actuators are key applications of electroactive polymers. These applications are related to the development of the electronics industry. With electronics shipments expected to grow at a brisk pace, the global electroactive polymers market will also witness a surge in the coming years. Asia Pacific is estimated to account for a significant demand for electronic products, while North America is currently leading in the consumption of these products. In addition to this, the market will also benefit from the substitution of traditional materials.
Automotive is another industry, owing to the growth of which, the electroactive polymers market will benefit. Some of the applications of electroactive polymers in the automotive sector include, sensors such as knock sensors, accelerator pedal module, yaw-rate sensors, pressure sensor, low-pressure sensors, air-flow sensors, accelerometers, and acceleration sensors.

Low Awareness to Act as Challenge for Electroactive Polymers Market

The electroactive polymers market is currently at the nascent stage and so there is low commercial awareness about the benefits of using conductive polymers over traditional materials such as metals. The market has witnessed high growth only in North America. However, the market has been exhibiting steady growth since the last few years. R&D activities are being carried out to improve the efficiency and eliminate deficiencies of electroactive polymers. Electroactive polymer technology can be used to provide haptic or tactile response for music. Companies such as Artificial Muscle, Inc. have developed a technology to bring the electroactive polymer technology to phones, tablets, and headphones. This technology enables a user to feel vibrations corresponding to the specific complicated sound waves. This is expected to provide attractive opportunities for the electroactive polymers market in the future.

This information is based on the findings of a report published by Transparency Market Research, titled “Electroactive Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

The global electroactive polymers market is segmented as follows:
Global Electroactive Polymers Market, by Product Type
  • Conductive Polymers
  • ICP
  • IDP
  • Others
Global Electroactive Polymers Market, by Application
  • ESD & EMI Protection
  • Actuators
  • Sensors
  • Antistatic Packaging
  • Plastic Transistors
  • Others (Including coatings, inks etc.)
About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Wednesday, 26 October 2016

Aerosol Market – Global industry analysis, competitive insight and key drivers; research report 2016 – 2023

Aerosols are primarily used in paints, perfumes, room fresheners, medical products deodorants in order to hold liquid droplets in pressurized form. Moreover, increasing demand for household and personal care products is expected to fuel the demand for aerosols during forecast period. The market has been segmented by application type into household products, personal care products, medical products and paint among others.

The global aerosol market is expected to witness positive growth over the forecast period due to growing application of aerosols in paints, medical products, food, adhesives and automotive. Rising demand for air care products along with personal care products such as shaving and depilatories, hair care products, skin care products and deodorants are expected to create positive impact on the market for aerosols.

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Personal care is the largest application segment of aerosols globally, followed by household application segment. Increasing disposable income along with rising standard of living is fueling the usage of personal care and household products for better living. Increasing demand for household and personal care products is expected to have a positive impact on the aerosols market. Furthermore, another application area of aerosol as spray paints in construction and automobile industry. Moreover, asthma inhalers are one of the application areas for aerosols, but the presence of fluorocarbons named hydrofluoroalkanes (HFA) is expected to restrain the demand.

Europe dominated the aerosols market in 2014 in terms of volume followed by North America and Asia Pacific. Growing demand for personal care products is expected to contribute in the growing popularity of aerosols in UK, Germany, Spain and France across Europe. U.S. is leading the aerosols market in North America. Furthermore, Asia pacific is the fastest growing market for aerosols. Lenient regulatory scenario coupled with growing demand for personal and household products are driving the market for aerosols across Asia Pacific. Growing consciousness towards personal care and hygiene, aerosol market is expected to witness positive growth over the forecast period in China and India. Furthermore, stringent environmental rules and regulations by European Commission and Environmental Protection Agency towards restricting the application of HCFC, CFC and HFC components is one of the prime reasons behind the anticipated reduction in market share of Europe and North America by 2021. Increasing automobile production in Brazil, Mexico, Indonesia, Germany and China is expected to create a positive impact on the demand for aerosol. Urbanization coupled with technological development is boosting the use of aerosol in household and personal care products across Middle East.

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Some of the major players of aerosol market invest in research and development for better product quality. Furthermore, manufacturers focus on innovation and products development in the household and personal care product segments. Some of the key players operating in the aerosol market are Proctor & Gamble, Unilever PLC, Henkel AG, Reckitt Benckiser Group plc, S. C. Johnson & Son, Inc., Thymes, LLC, Crabtree & Evelyn, Ltd. and AkzoNobel N.V. among others. Mergers and acquisitions are also one of the business strategies of major companies in order to strengthen their foothold in the industry.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Tuesday, 25 October 2016

Fluoropolymer Materials Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-23

Fluoropolymer is characterized as a fluorocarbon-based polymer with various solid carbon-fluorine bonds. The chemical structure of fluoropolymers consists of polymer chains made up of fluorine atoms. Fluoropolymers can be defined as semi-crystalline, high-performance thermoplastics. The fluoropolymer family comprises a group of homopolymers and copolymers. Growth of the fluoropolymer materials market is expected to be driven by rising demand for fluoropolymer materials in the manufacture of semiconductors used in electrical appliances such as smartphones and computers.

Fluoropolymers are extensively used in data communication, renewable energy, automotive, electronics, aerospace, and building applications. The utility of fluoropolymers arises from properties such as high temperature resistance, outstanding chemical resistance, better toughness, outstanding electrical properties, and low coefficient of friction. Fluoropolymers are also being used in coatings for all-weather apparel and nonstick cookware since the past decade. Fluoropolymers are widely used innumerous chemical plants and various semiconductor parts as they are maintenance-free even under severe circumstances and contribute to improving productivity. The excellent performance of fluoropolymers in extreme environments and demanding applications act as major drivers for the global fluoropolymer market. Concerns regarding environmental effects and health hazards of fluoropolymers can act as a limitation for the fluoropolymers market.

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Fluoropolymers play a vital role in numerous services and products that are frequently used by human beings in their day-to-day activities. Stringent regulatory environment is expected to hamper development of the fluoropolymer market. Perfluorooctanoic acid (PFOA), which is utilized as a raw material, is considered to be carcinogenic by the USEPA. Usage in a wide range of household products including furniture sprays and stain-resistant carpets is the main source of PFOA contamination, which is anticipated to hamper the market growth during the next few years.

Asia Pacific is anticipated to be the fastest-growing market for fluoropolymers. Demand for fluoropolymer materials in the region is estimated to be chiefly driven by swift rise in consumption of fluoropolymers in India and China. Development in the automotive, aerospace, and other transportation systems is anticipated to drive the fluoropolymer market in Asia Pacific. Lightweight materials are preferred in most industries due to the need for enhanced fuel efficiency and lower emission. This, in turn, propels growth of the fluoropolymers market in countries such as India, China, and Japan.

Electronics and electrical is the largest end-user industry of fluoropolymers, where they are gradually being preferred for usage in cable and wire insulation, jacketing, lithium-ion batteries, and semiconductor fabrication. Technological development in the field of electronics, particularly in South Korea and Taiwan, has led to increase in utilization of these materials to enable superior tensile strength and high thermal stability.

Key companies in the fluoropolymers market are largely focusing on these growing economies for tapping their strong market potential. North America is another dominant market for fluoropolymers, particularly due to significant demand from the cable and wire industry in the U.S. Polytetrafluoroethylene (PTFE) is the dominant fluoropolymer, accounting for more than half (by weight) of the world’s fluoropolymer consumption. China is the world’s largest consumer of PTFE, while the U.S. is the largest consumer of other fluoropolymers.

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Some of the major companies operating in the global fluoropolymers market are Jinan 3F Fluoro-Chemical Co. Ltd, AGC Chemicals Europe, Dyneon GmbH,3M,AGC Chemicals Europe, Zhonghao Chenguang Research Institute of Chemical Industry, DuPont, Solvay Solexis, Ltd.,Gujarat Fluorochemicals Ltd., Shanghai 3F,Fuxin Hengtong, Honeywell International Inc., and DAIKIN INDUSTRIES, Ltd.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
This report provides comprehensive analysis of
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
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