3D PA (Polyamide) Market worth 48.6 Million USD by 2020

The report “Polyamide 11 & 12 Market in 3D Printing by Polyamide Type (PA 11, PA 12), End User Industry (Aerospace & Defense, Healthcare, Consumer Goods, Automotive) and Geography (North America, Europe, Asia-Pacific, Rest of World) – Global Forecast to 2020″, The 3D PA (polyamide) market consisting of PA11 and PA12 is forecasted based on two scenarios as its growth is primarily based on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth. Scenario one predicts a comparatively normal growth of USD 48.6 Million by 2020, at a CAGR of 26.59% from 2015 to 2020, whereas scenario two predicts market to reach USD 85.1 Million by 2020, at a CAGR of 41.2% from 2015 to 2020.

Browse 39 market data tables with 57 figures spread through 121 pages and in-depth TOC on “Polyamide 11 & 12 Market”
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This growth is majorly driven by the increasing demand from healthcare as well as aerospace & defense sectors. The growth in automotive market will define the high growth in scenario two where 3D printing technology is expected to be adopted for mass customization in automotive sector. Asia-Pacific is a growing market for PA11 and PA12 owing to the presence of manufacturing base of a large number of companies in this region. North America and Europe are established markets and are expected to dominate with major global players operational in these regions.

Healthcare and aerospace & defense segments to dominate 3D PA (polyamide) market

Healthcare and aerospace & defense are two highly critical segments which demand for stringent product dimensions along with their compositions. Hence, the manufacturing of products demands for precision work. 3D printing by laser sintering technology provides them a perfect solution in manufacturing standards. PA11 and PA12 accounted for the largest share of the thermoplastics used in 3D printing by laser sintering technology.

PA12 is expected to dominate 3D PA (polyamide) market due to large number of grades to meet the different requirements

PA12 is expected to dominate the market due to availability of large number of grades such as fire resistant, impact resistant, glass filled, and others. PA12 has a large supply base which makes it a suitable option to be used as a laser sintering powder in 3D printing. PA11 primarily developed by Arkema SA is expected to register the fastest growth with increasing demand for bio-based versions of polyamides.

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The rate of adoption in automotive industry in near future is expected to define 3D PA (polyamide) market

The automotive industry provides high prospects for the growth of 3D PA (polyamide) market. With mass production using techniques such as injection molding, automotive industry is a strategically big market for 3D printing. The demand for 3D printing is expected to rise when the impetus of automotive industry shifts from mass production to mass customization.

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North America market is expected to witness high growth, with increasing demand from end-use industries in the region

North America market for 3D PA (polyamide) is expected to register high growth due to increased rate of adoption in end-use industry. Mexico is an emerging market in the region are the key countries in region. North America is also the biggest market for PA11 and PA12 along with Europe. Europe has large number of suppliers of PA11 and PA12. Asia-Pacific is an emerging market for the same.

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The key players operational in the market include 3D Systems (U.S.), EOS GmbH (Germany), Arkema SA (France), Evonik AG (Germany), Stratasys (U.S.), and others.

Key strategic activities in the market including mergers & acquisitions, collaborations and partnerships, and new product launches and developments have been covered, which provides a deep insight about the market growth. This report estimates the 3D PA (polyamide) market size in terms of value and volume. It provides a comprehensive review of important drivers, challenges, opportunities, and key issues in the market.

GFRG (Glass Fiber Reinforced Gypsum) Market worth 3.44 Billion USD by 2023

The report “GFRG (Glass Fiber Reinforced Gypsum) Market by Type (Type X, Type C), Application (Interior and Exterior), End User (Residential and Non-Residential), and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2023″ The GFRG market is projected to grow from USD 2.45 Billion in 2018 to USD 3.44 Billion by 2023, at a CAGR of 7.0% between 2018 and 2023.GFRG has good strength, good temperature resistance, and ease of rapid construction. However, the requirement of all the properties, such as high strength and good temperature resistance in building products increases their need in the construction industry. Hence, the increase of construction projects is one of the most significant factors projected to drive the GFRG market.

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Based on type, the type X segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume.

The GFRG market is segmented on the basis of type into type X, type C, and others. The other type of GFRG includes mold & moisture resistance, abuse & impact resistance, and weather resistance, among others. The GFRG market is led by the type X segment. Type X comprises glass fiber reinforced gypsum core. These fibers reduce the extent and severity of cracks in the board when exposed to fire, thereby increasing its performance. It is the most commonly used type, owing to its good fire resistance property and low cost.

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The non-residential end user segment is projected to lead the GFRG market during the forecast period, in terms of value and volume.

GFRG are increasingly being used in residential and non-residential buildings. The non-residential end user segment is projected to lead the GFRG market between 2017 and 2023, in terms of both, value and volume. Advantages of GFRG include visual attractiveness, fire resistance, sound absorption, good fatigue, and rapid installation. GFRG also offer several other benefits, such as moisture absorption, impact resistance, weather resistance, and durability, which, in turn, is contributing to the increased demand for GFRG in the building & construction industry.

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Europe is estimated to be the largest market for GFRG in 2018, in terms of both value and volume.

Europe is estimated to be the largest market for GFRG in 2018. The growth of the Europe GFRG market can be attributed to the growth of the building & construction industry and presence of well-established GFRG manufacturers, such as Gillespie (UK) in the region. Additionally, the increase in the number of residential and non-residential construction activities in various European countries is contributing to the growth of the Europe GFRG market.

Key players operating in the GFRG market include Continental Building Products (US), USG Corporation (US), American Gypsum (US), CertainTeed (US), American Gypsum (US), Knauf Danoline (Denmark), Saint-Gobain Gyproc (France), and Georgia-Pacific (US).  

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Foam Insulation Market worth 22.39 Billion USD by 2021

The report “Foam Insulation Market by Product Type (Polystyrene, Polyurethane & Polyisocyanurate, Polyolefin, Elastomeric, and Phenolic), End-use Industry (Building & Construction, Transportation, and Consumer Appliances), and Region – Global Forecast to 2021″, The foam insulation market size was USD 17.58 Billion in 2016 and is projected to reach USD 22.39 Billion by 2021, at a CAGR of 4.95% from 2016 to 2021. The increasing demand for foam insulation from end-use industries, such as building & construction, transportation, and consumer appliances, is driving the foam insulation market.

Browse 106 market data tables and 42 figures spread through 136 pages and in-depth TOC on “Foam Insulation Market”
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Building & construction is the largest end-use industry for foam insulation

By end-use industry, the building & construction segment is estimated to account for the largest share of the global foam insulation market in 2016, in terms of both value and volume. This end-use industry is projected to drive the foam insulation market from 2016 to 2021 due to the rising concern related to greenhouse gas emissions and the growing demand for net-zero energy buildings in countries like Germany, U.K., France, and U.S. The various building codes for new residential and commercial construction in countries such as U.S., U.K., Germany, China, Japan, and South Korea are also expected to drive the demand for foam insulation.

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Polystyrene segment accounted for the largest share of the foam insulation market in 2016

By product type, the polystyrene foam segment led the global foam insulation market in 2016. This is due to the rising demand for lightweight and high R-value insulation products for applications, such as exterior insulation; concrete insulation; and roof, floor, and walls & ceiling insulation, in the building & construction industry. The demand for polystyrene foam is also fueled by its rising usage in various consumer appliances, such as refrigerators and air-conditioners.

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Asia-Pacific is the biggest market for foam insulation

The Asia-Pacific region is estimated to account for the largest share of the global foam insulation market in 2016, in terms of value. Growing population and rapid industrialization in China, India, Indonesia, and Japan, accompanied by the rising demand for consumer appliances, contribute to the growth of the foam insulation market in this region. Stringent governmental regulations regarding the reduction of greenhouse gas emissions, also help drive the demand for foam insulation in this region.

The key market players include BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (U.S.), Kingspan Group PLC (Republic of Ireland), Lapolla Industries, Inc. (U.S.), Owens Corning (U.S.), Recticel Group (Belgium), Saint-Gobain (France), the Dow Chemical Company (U.S.), Armacell International S.A. (Luxembourg), and Johns Manville (U.S.).

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Medical Adhesive Tapes Market worth 8.76 Billion USD by 2022

The report “Medical Adhesive Tapes Market by Type (Acrylic, Silicone, Rubber), Backing Material (Paper, Fabric, Plastic), Application (Surgeries, Wound Dressings, Secure IV Lines, Splints, Ostomy Seals) – Global Forecast to 2022″, The medical adhesive tapes market is projected to grow at a CAGR of 5.69% from an estimated 6.64 Billion in 2017 to 8.76 Billion in 2022.

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The demand for medical adhesive tapes is high in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals de to the ease of use and wide availability. Fabric is the highest used medical adhesive tape across the globe. Growth in various applications, especially in the Asia Pacific, is driving the global medical adhesive tapes market.

Among resin type, the silicone medical adhesive tape segment in the medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period

Silicone adhesive tapes are gentler than traditional acrylate adhesives, as per clinical research, and performance is excellent on low surface energy substrates. Major players are planning to increase the production capacity of silicone medical adhesive tapes considering future demand as these are widely used for fragile skin, such as infants and elderly patients with co-morbidities which cause a more fragile skin.

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Among backing materials, the fabric medical adhesive tapes segment is expected to lead the medical adhesive tapes market and the paper medical adhesive tapes segment is expected to grow at the highest CAGR during the forecast period

Fabric medical tapes are made of either polyester, cotton, taffeta, or a combination of fibers which are coated with adhesives, allowing the dressing to stick to the body surface. Fabric medical adhesive tapes find applications in securing dressings, catheters, tubing, and other medical purposes. Their strength along with elasticity enable use on body areas such as the biceps, which expand and contract with movement. Due to their fabric backing, doctors or surgeons can mark them with pens to tag surgical scrubs and other equipment.

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The Asia Pacific medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period

Among regions, the Asia Pacific is expected to be the fastest-growing medical adhesive tapes market. This high growth is mainly attributed to high-growth economies such as China, India, Taiwan, and other smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leading market in terms of the demand for medical adhesive tapes in the Asia Pacific.

3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others are the key players operating in the medical adhesive tapes market.

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Monochloroacetic Acid Market worth 908.9 Million USD by 2022

The report “Monochloroacetic Acid Market by Product Form (Crystalline, Liquid, And Flakes), Application (CMC, Agrochemicals, Surfactants, TGA), and Region (North America, APAC, Europe, Middle East & Africa, and South America) – Global Forecast to 2022″, The monochloroacetic acid (MCA) market is estimated at USD 762.6 Million in 2017 and is projected to reach USD 908.9 Million by 2022, at a CAGR of 3.6% between 2017 and 2022.

Browse 78 tables and 29 figures spread through 105 pages and in-depth TOC on “Monochloroacetic Acid Market”

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The market growth is fueled by the increasing demand for MCA for various applications, such as carboxymethylcellulose (CMC), surfactants, and thioglycolic acid (TGA) from end-use industries, such as construction, detergent, textile, paper, cosmetic, paint, oil & gas, and pharmaceutical. This increase in demand is mainly due to the rising GDP, increasing urbanization, growing disposable income, and improved living standard of the global consumers. Moreover, the global population growth, which is expected to reach 8.5 billion by 2030, will lead to the increased demand for food thereby increasing the use of crop protection chemicals, such as herbicides and pesticides, which will, in turn, drive the demand for MCA. Crop protection chemicals safeguard crops and ensure higher yield. The demand for crop protection chemicals is high in the APAC and Latin American countries.

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Crystalline is projected to be the largest product form segment of the market during the forecast period.

Based on product form, the crystalline segment is projected to be the largest segment of the MCA market during the forecast period, in terms of both value and volume. Crystalline is the most widely used form of MCA, owing to its ease of transportation, handling, and operation. Additionally, due to its low cost and abundance, crystalline MCA is used in almost all the applications of MCA.

The CMC segment is projected to be the largest application segment of the market between 2017 and 2022.

The CMC segment is expected to be the largest application segment of the MCA market during the forecast period, in terms of both value and volume. This application segment accounted for about 50% of the market share in 2016. CMC is used in a wide range of end-use industries, such as construction, detergent, paper, agriculture, adhesive, cosmetic, paint, oil, plastic, ceramic, textile, pharmaceutical, food, and medicine. In the food & beverages industry, CMC is used as a thickening agent and to stabilize emulsions in various products. In the cosmetic industry, CMC is used in products such as toothpaste, laxatives, diet pills, water-based paints, detergents, and textile sizing. CMC is also used in the oil & gas industry as a thickening agent in drilling mud, where it functions as a viscosity modifier and water retention agent. The growth of these industries drives the demand for CMC, globally.

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Asia Pacific is projected to be the largest MCA market between 2017 and 2022, in terms of both value and volume.

Asia Pacific is projected to be the largest market for MCA during the forecast period. The demand for MCA is high in this region due to the large industrial base and improving lifestyles of the population. In addition to this, the increasing use of MCA for applications such as CMC, agrochemicals, and surfactants in emerging economies, such as India, China, and Indonesia also drive the Asia Pacific MCA market.

Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.

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Polymer Emulsion Market worth $42.9 billion by 2023

The report “Polymer Emulsion Market by Type (Acrylics, Vinyl Acetate Polymers, SB Latex), Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard) and Region (North America, Europe, APAC, South America, Middle East & Africa) – Global forecast to 2023″ The polymer emulsion market is projected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, at a CAGR of 7.6%. The global polymer emulsion market is expected to be driven by various factors such as increasing demand from end-use industries, especially in the emerging economies. Stringent government regulations related to VOC emissions also drives the polymer emulsion market.

Browse 96 market data Tables and 46 Figures spread through 135 Pages and in-depth TOC on “Polymer Emulsion Market”

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The acrylics polymer emulsion segment is estimated to have the highest share in the overall market.

Based on type, the polymer emulsion market has been segmented into acrylics, vinyl acetate polymer, SB latex, and others. In terms of value, the acrylics segment is projected to account for the largest as well as the fastest-growing segment of the overall market during the forecast period. Acrylics can be categorized into pure acrylics and acrylics polymer & copolymer. Acrylics based polymer emulsions are the oldest polymer emulsion. They are in high demand in various applications due to their low VOC emission. These are generally used in the paints & coatings, adhesives, and paper & paperboard applications.

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Paints & coatings application is estimated to account for the largest share of the overall polymer emulsion market in 2018.

The paints & coatings application is estimated to account for the largest share of the polymer emulsion market in 2018. The market in this segment is also expected to witness the fastest-growth between 2018 and 2023. Polymer emulsion is preferred for paints & coatings applications owing to its low VOC content. Moreover, polymer emulsion paints & coatings are not flammable, which reduces its storage & handling charges and fire insurance costs. The manufacturing process of polymer emulsion paints & coatings involve lower carbon footprint as they consume less energy. Other reasons for the use of polymer emulsion paints & coatings are low cost of handling and post painting cleanup cost.

APAC polymer emulsion market is projected to witness the highest CAGR during the forecast period.

The polymer emulsion market has been studied for Europe, North America, APAC, the Middle East & Africa, and South America. The APAC polymer emulsion market is projected to register the highest CAGR during the forecast period. Growth in end-use industries such as construction and automotive, increasing disposable income, and shift towards water-based formulations are majorly driving the demand for polymer emulsion in the regions. In APAC, countries such as China, Japan, and India are the largest consumers of polymer emulsion due to their increasing manufacturing output and rapid urbanization. The regulatory bodies and the regional governments have started addressing VOC emission issues with the help of stringent rules and regulations, which increases the demand for green products. This is also expected to fuel the demand for polymer emulsion.

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DIC Corporation (Japan), DowDuPont (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Omnova Solutions Inc. (US) are the key players in the polymer emulsions market.

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Persulfates Market worth 727.8 Million USD by 2022

The report “Persulfates Market by Type (Ammonium, Sodium, & Potassium), End-Use Industry (Polymers, Electronics, Cosmetics & Personal Care, Pulp, Paper & Textiles, Soil Remediation, Oil & Gas and Water Treatment), and Region – Global Forecast to 2022″, The market size for persulfates is estimated to grow from USD 549.4 Million in 2017 to USD 727.8 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The growth can be attributed to the increased demand for persulfates from various end-use industries, such as polymers, cosmetics & personal care, electronics, and pulp, paper & textiles.

Browse 145 market data Tables and 25 Figures spread through 130 Pages and in-depth TOC on “Persulfates Market by Type (Ammonium, Sodium, & Potassium), End-Use Industry (Polymers, Electronics, Cosmetics & Personal Care, Pulp, Paper & Textiles, Soil Remediation, Oil & Gas and Water Treatment), and Region – Global Forecast to 2022”Early buyers will receive 10% customization on reports.

Ammonium persulfate segment is projected to lead the persulfates market from 2017 to 2022.

The ammonium persulfate segment is projected to lead the persulfates market during the forecast period, in terms of volume. Use of ammonium persulfate as chain initiator in polymer manufacturing, in the formulations used for skin products in cosmetics & personal care industry, and as a bleaching agent in pulp, paper & textile industry are expected to drive the market for ammonium persulfates globally.

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The electronics industry segment of the persulfates market is projected to grow at the highest CAGR between 2017 and 2022.

The electronics industry segment is projected to grow at the highest CAGR between 2017 and 2022. Increasing demand for persulfates from the electronics industry is expected to boost the persulfate market in this segment. Persulfates are used as cleaning agents and etchants in the printed circuit board manufacturing. With the increasing demand for printed circuit boards, the consumption of persulfates in the electronics industry is projected to grow at the highest rate during the forecast period, in terms of value.

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The persulfates market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022.

The persulfates market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. China is the largest market for persulfates in Asia Pacific. The growth in the demand for polymers from the packaging and construction industries, and the rising consumption of cosmetics & personal care products are expected to drive the market for persulfates in APAC.

Key companies profiled in this research report on the persulfates market include PeoxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), and Fujian Zhanhua Chemical Company (China).

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Circuit Materials Market worth 36.85 billion USD by 2023

The report “Circuit Materials Market by Material Class (Substrate, Conducting Material, Outer Layer), Substrate (Fiberglass Epoxy, Paper-Phenolic), Conducting Material (Copper), Outer Layer (LIPSM, Dry Film Photoimageable), Application, Region – Global Forecast 2023″, The circuit materials market is projected to grow from an estimated USD 30.58 billion in 2018 to USD 36.85 billion by 2023, at a CAGR of 3.8% between 2018 and 2023.

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The increasing use of circuit materials due to technological advancements in the electronics sector is one of the most significant factors projected to drive the circuit materials market.

Based on the substrate, the fiberglass-epoxy segment of the circuit materials market is projected to register the highest CAGR, in terms of value, during the forecast period

Circuit materials, manufactured using the fiberglass-epoxy material, have superior mechanical and chemical properties. This raw material can provide a high strength-to-weight ratio. It also can withstand moisture and offers high resistance to fire. This factor is projected to drive the fiberglass-epoxy segment of the circuit materials market.

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The communications application segment is projected to account for the largest share, in terms of value, in the circuit materials market during the forecast period

Circuit materials are increasingly being used in the communications application. In this application, the use of circuit materials is significant in various devices such as mobiles, telephones, and smart tablets. The communications application is projected to account for the largest share of the market between 2018 and 2023, in terms of value. The use of circuit materials has increased in the communications application, owing to the ability to provide enhanced conductivity on compact printed circuit boards of the various communication devices.

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APAC is estimated to be the largest market for circuit materials in 2018, in terms of value.

APAC is estimated to be the largest market for circuit materials in 2018. The growth of the APAC circuit materials market can be attributed to the growing demand from the communications, industrial electronics, and automotive applications in the region. The growth is also attributed to the presence of well-established circuit materials manufacturers, such as Shengyi Technology (China), Kingboard Laminates (Hong Kong), and ITEQ Corporation (Taiwan) in the region.

Key players operating in the circuit materials market include Shengyi Technology (China), Kingboard Laminates (Hong Kong), ITEQ Corporation (Taiwan), DowDuPont (US), Jinan Guoji Technology (China), Eternal Materials (Taiwan), Rogers Corporation (US), Taiflex Scientific (Taiwan), Isola Group (US), and Nikkan Industries (Japan).

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Epoxidized Soybean Oil Market worth 691.7 Million USD by 2026

The report “Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives) – Global Forecast to 2026″, The global Epoxidized Soybean Oil (ESBO) market is projected to reach USD 691.7 Million by 2026, at a CAGR of 11.04% from 2016 to 2026.

Browse 155 market data tables and 62 figures spread through 189 pages and in-depth TOC on “Epoxidized Soybean Oil Market – Global Forecast to 2026″
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This growth is fueled by the expected high demand from the application segment due to the easy availability of epoxidized soybean oil in large volumes, and at lower prices. Further, the global demand for epoxidized soybean oil in the North American, Asia-Pacific, and European regions is growing due to stringent environmental regulations. Epoxidized soybean oil is preferred as against phthalate-free stabilizers in PVC applications, and hence ESBO is used widely as an additive in plasticizers.

Soybean oil: The most-widely used raw material for the production of epoxidized soybean oil

Soybean seeds are crushed in order to obtain soybean oil for use in manufacturing epoxidized soybean oil. For the production of ESBO, soybean oil is used as the basic raw material. As compared to other bio-based oils, soybean oil is preferred by oleo chemicals producers due to its low cost and easy availability. The use of ESBO helps application industries to reduce production costs and to maximize profitability margins.

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Plasticizers: The largest application of epoxidized soybean oil

Polymer materials are made flexible, user-friendly, and resilient with the addition of plasticizers. When ESBO undergoes heat treatment, it acts as a scavenger for hydrochloric acid liberated from poly vinyl chloride. ESBO being a bio-based plasticizer, is gaining traction in PVC stabilization applications over the phthalate plasticizers.

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North America: The largest market for epoxidized soybean oil

The North American region is the largest market in the global epoxidized soybean oil market, in terms of value, and this trend is expected to continue till 2026. Countries in this region such as U.S, Canada and Mexico are achieving symbolic increase in the use of epoxidized soybean oil in the plasticizer application industry. This growth is due to the easy availability of raw materials in large quantities and at lower costs, which is driving the demand for epoxidized soybean oil in this region. U.S is the largest market for epoxidized soybean oil and is projected to continue this trend till 2026. The epoxidized soybean oil market has various global players competing for significant market shares. These companies are actively investing in various strategies such as, new product developments, acquisitions, and joint ventures & partnerships globally to further strengthen their market shares. Major manufacturers such as, The DOW Chemical Company (U.S), Galata Chemicals LLC (U.S), CHS Inc. (U.S), Ferro Corporation (U.S), and others have adopted various organic and inorganic developmental strategies in the North American region.

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Thermally Conductive Grease Market worth 416.6 Million USD by 2022

The report “Thermally Conductive Grease Market by Type (Silicone Grease, and Non-silicone Grease), End-Use Industry (LED Lighting, Telecommunication & IT, Automotive Electronics, Power Electronics), and Region – Global Forecast to 2022″, The thermally conductive grease market was valued at USD 273.0 Million in 2016 and is projected to reach USD 416.6 Million by 2022, at a CAGR of 7.3% from 2017 to 2022.

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The growth of the thermally conductive grease market across the globe is fueled by the increased demand from the LED lighting industry in indoor and outdoor applications. There is an increasing demand for thermally conductive grease in Asia Pacific, Europe, North America, and South America.

The silicone grease type segment of the thermally conductive grease market is projected to grow at the highest CAGR from 2017 to 2022.

The silicone grease type segment of the thermally conductive grease market is projected to grow at the highest CAGR between 2017 and 2022, owing to the increased use of these greases in different end-use industries. The market for silicone grease is large owing to its superior properties. Silicone greases can withstand higher temperatures and have less viscosity, making them ideal for filling small gaps or voids between two surfaces. Silicone greases are also cheaper than non-silicone greases and hence preferred in various applications.

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Among end-use industries, the transportation segment is projected to lead the thermally conductive grease market from 2017 to 2022.

The LED lighting end-use industry is projected to lead the thermally conductive grease market during the forecast period, owing to the increased demand for thermally conductive grease from the indoor and outdoor LED lighting applications across the globe. The increased government initiatives to ban CFL and improve energy efficient lighting systems in various regions are expected to drive the market of LED lighting. This, in turn, is expected to drive the demand for thermally conductive grease during the forecast period.

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The Asia Pacific region is the largest market for thermally conductive grease across the globe.

In 2016, the Asia Pacific region led the thermally conductive grease market, in terms of both value as well as volume. The growth of the Asia Pacific thermally conductive grease market is due to the increased use of thermally conductive grease by different end-use industries in China, India, Japan, South Korea, and Rest of Asia Pacific. Improving economic condition in the region have led to an increased demand for automobiles, thereby fueling the growth of the thermally conductive grease market in the region. Moreover, the continuously increasing population of the region is also contributing towards increased demand for consumer products, which, in turn, is leading to the growth of the Asia Pacific thermally conductive grease market.

There are a few global players operating in the thermally conductive grease market. These companies are actively investing in various strategies, such as expansions, new product launches, mergers & acquisitions, and joint ventures to increase their market shares to further strengthen their position in the thermally conductive grease market. Dow Corning Corporation (US), Electrolube (UK), Momentive Performance Materials Inc. (US), Laird PLC (US), 3M Company (US), Parker-Hannifin Corporation (US), LORD Corporation (US), Wacker Chemie AG (Germany), and Henkel AG & Co. KGaA (Germany) are the leading players in the thermally conductive grease market who have adopted various organic and inorganic strategies to ensure their growth in this market.

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