New Product Launches were the Key Strategies Adopted by the Industry Players to Achieve Growth in the Composite Adhesives Market Between 2012 and 2017

Partnerships and new product launches were the key strategies adopted by the industry players to achieve growth in the composite adhesives market between 2012 and 2017. The key players, such as Henkel AG & Co. KGaA (Germany), 3M Company (U.S.), LORD Corporation (U.S.), and Sika AG (Switzerland) have adopted these strategies to develop their businesses globally. Increasing demand for lightweight and low carbon emitting vehicles, pent-up demand for composite adhesives from the residential housing market and infrastructure market, and the use of composite adhesives in wind energy blades have led to a rise in the demand for composite adhesives.

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Henkel AG & Co. KGaA is one of the major players in the global composite adhesives market. The company’s wide range of business segments provides an added advantage to the company’s profit margin, which enables the company to compensate the loss from low performing business segments and invest in strategic expansions and R&D activities. The adhesive technology business segment of the company accounted for 48% of its total revenue in 2016. The company follows capacity expansion strategy to support the growing demand and improve product cost competitiveness and product portfolio by investing in R&D activities in new applications to cater to the market. In April 2015, the company acquired Novamelt GmbH (Germany) to enhance its leadership in providing adhesive solutions.

3M Company is another major player in the global composite adhesives market. The industrial and consumer business segments of the company manufacture adhesives & sealant products for various applications. These business segments together earned around 48% of the total revenue in 2016. Among countries, the U.S. accounted for 41% of the overall company revenue in 2016. The company’s business strategy mainly revolves around its targets for increasing its global footprint and revenues as well as launching innovative products. As a part of its growth strategy, the company plans to establish new production facilities and expand its existing plant capacities that would enable the company to strengthen its position in the high growth composite adhesives market. In October 2013, 3M launched Scotch-Weld Low Odor Adhesives, DP8805NS and DP8810NS, offering performance benefits of higher productivity, performance, cost savings, and health & safety concerns. These adhesives are fast-curing adhesives, which also have a higher impact resistance on plastics and metals. They can be used for several applications, such as transportation, metalworking, plastics/composites, and manufacturing, among others.

New Product Launch was the Major Strategy Adopted by Key Industry Players to Achieve Growth in the Acrylic Adhesives Market Between 2010 And 2016

Technological advancements are expected to fuel the demand for acrylic adhesives in mature markets, such as North America and Europe. Properties such as less cure time, increased performance benefits, better adhesion to a variety of substrates, and resistance to chemicals and various innovations in acrylic adhesive products are expected to drive the growth of the market in the near future. The acrylic adhesives market is shifting from traditional solvent-based adhesives to high-performance products such as reactive acrylic and pressure-sensitive acrylic adhesives, driven by the requirement of superior performance.

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Asia-Pacific is the largest consumer of acrylic adhesives. Increasing population and technological advancements in the building & construction and transportation industries are expected to fuel the growth of the acrylic adhesives market in Asia-Pacific. China, Japan, and India are the major acrylic adhesives markets in Asia-Pacific. China is estimated to be the largest market in terms of consumption of acrylic adhesives.

Acrylic adhesives market: major developments

New product launch: major growth strategy adopted by key players

New product launch was the major strategy adopted by key industry players to achieve growth in the acrylic adhesives market between 2010 and 2016. This strategy accounted for a share of 51% of all growth strategies adopted by key market players. Companies adopted this strategy to provide improved products and develop acrylic adhesives for use across new applications. 3M Company (U.S.), Henkel AG & Company (Germany), Illinois Tool Works Corporation (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), Bostik SA (France), and H.B. Fuller (U.S.) are some of the leading players that adopted this strategy between 2010 and 2016.

Besides new product launches, companies adopted the strategy of mergers & acquisitions; investments & expansions; and partnerships, contracts, & agreements to increase their market share.Acquisitions:

In February 2017, H.B. Fuller (U.S.) acquired Cyberbond LLC. (U.S.), which helped the company increase its share in the cyanoacrylate adhesives technology market.

In December 2016, Arkema (France) completed the acquisition of Den Braven, a leader in high performance acrylic adhesives and sealants for insulation and construction in Europe. This acquisition helped Arkema to increase its share in the global acrylic adhesives market.

In December 2016, Avery Dennison (U.S.) signed an agreement to acquire Hanita Coatings. Hanita Coatings is an Israel-based manufacturer of pressure-sensitive materials and specialty films. The acquisition is expected to aid the company to expand its product portfolio and leverage Hanita’s strong R&D base.

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New product launch:

In April 2017, Sika AG (Switzerland) launched SikaFast-3300 and SikaFast-3500 Structural methyl methacrylate (MMA) adhesives for transportation and industrial assembly applications.

In September 2016, Henkel AG & Company (Germany) introduced Loctite 3090, it is the first gap-filling instant cyanoacrylic adhesive in the market, which fills gaps up to 5 mm wide. This adhesive overcomes the drawback of conventional cyanoacrylate adhesives, which have low viscosity and no-gap filling parts.

Exxon Mobil Corporation (U.S.), Covestro AG (Germany), and BP P.L.C. (U.K.), are Leading key players in the Toluene Market

The global market for toluene is projected to witness steady growth during the forecast period. The factors contributing towards the growth of this market are, the growth of the end-user base in the emerging economies of the Asia-Pacific and the Middle Eastern & African regions. Countries such as China and India are witnessing a healthy increase in petrochemical industrial activities because of the relocation of manufacturing facilities from the high-cost European and North American markets to the low-cost markets of the Asia-Pacific and Middle Eastern & African regions. Along with these factors, the growing end-user base is driving the market for toluene.

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The global toluene market has a large number of market players; however the market is led by some of the major players, such as China Petroleum & Chemical Corporation (China), China National Petroleum Corporation (China), Exxon Mobil Corporation (U.S.), Covestro AG (Germany), and BP P.L.C. (U.K.), among others. Together, these companies account for approximately 34% share of the toluene market. The other major players in the toluene market are, SK Innovation Co., Ltd. (South Korea), BASF SE (Germany), GS Caltex (South Korea), Formosa Chemicals & Fiber Corporation (Taiwan), Royal Dutch Shell PLC (Netherlands), and CPC Corporation (Taiwan), among others.

Most of these companies are leaders in the production of toluene and its derivatives. These companies are focusing on eliminating the supply chain gaps with backward or forward integration, and expansions in the emerging markets of the Asia-Pacific region in order to widen and strengthen their market shares.
Market players are concentrating on increasing their production capacities and developing cost effective technologies. The companies are investing in establishing new facilities, mainly in the emerging regions so as to increase their global presence. All these developments are due to the increasing demand for toluene from segments such as, solvents, TDI, and gasoline additives.

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Expansions and backward or forward integration are the key strategies adopted by the major toluene manufactures in the recent past. The top players in the toluene market are adopting these strategies for better penetration and expansions of their businesses into new emerging regions. These new ventures would help the companies to satiate the growing demand for toluene in several applications. ExxonMobil (U.S.), and BP PLC (U.K.) are the few among the other market players who have adopted these strategies in order to strengthen their shares in the toluene market.

Moreover, the leading market players are also focusing on expanding their existing production facilities in order to meet the growing demand for toluene, especially from the Asia-Pacific region. The market players are using this strategy as an excellent strategy to optimize their production facilities in the potential toluene markets.

Global Engineered Foam Market, By End User | CAGR of 7.9%

The global engineered foam market is projected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Growing demand of engineered foam in aerospace & defense, transportation, medical & healthcare, and others with high degree of customization to meet their application demand are some of the end-use industries driving the global engineered foam market.

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Based on end-use industry, aerospace & defense led the market for engineered foam. However, the transportation segment is expected to grow at the highest CAGR during the forecast period. Transportation is one of the key end-use industries for engineered foam. Engineered foams are used in the manufacturing of several vehicle parts, such as seat foam, door panels, and energy absorbs in the automotive industry. The automotive industry is expected to grow at a 5.4% annually, which is expected to drive the demand for engineered foams. The market players of the engineered foam market can expand its products offering for the transportation and automotive industries, which will help the players increase its market share in the engineered foam market.
Polyolefin is the fastest-growing material type segment of the engineered foam market. Polyolefin is majorly used in the packaging and automotive industries. Growing automotive industry and packaging industry, will drive the market of polyolefin engineered foam market. 

Asia-Pacific accounted for the largest share of the global engineered foam market in 2015, owing to the increasing investments in the transportation, and medical & healthcare sector in various countries in the region. It is, also expected to be the fastest-growing market in the coming years, in terms of value. Presently, the engineered foam market in Asia-Pacific is at a growth stage. The growth of the Asia-Pacific engineered foam market is also fueled by the increasing demand from countries, such as Japan, China, India, Indonesia, and others in the region. 

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The global engineered foam market is fragmented and is highly competitive with the presence of large number of prominent players. The DOW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (U.K.), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.), UFP Technologies Inc. (U.S.), and Rogers Corporation (U.S.), are some of the key players operational in the engineered foam market. These companies adopted various strategies such as expansions, joint ventures, and mergers & acquisitions to strengthen their foothold and increase their share in this market.

Key Strategy Adopted by Microcellular Polyurethane Foam Market Leading Players

The global microcellular polyurethane foam market is expected to reach USD 6.95 billion by 2021 at a CAGR of 5.5% between 2016 and 2021.

Some of the major players involved in the manufacturing of microcellular polyurethane foam are BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Evonik Industries (Germany), Era Polymers (Australia), and others.

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On the basis of type, the market is segmented into high density foam and low density foam.  Flexible foams and rigid foams, which are commercially used in a wide range of applications, are available in both the forms, that is, in high density as well as low density. Generally, foams of microcellular nature are usually of high density.

Foam densities often range from approximately two pounds per cubic foot to 50 pounds per cubic foot. Unlike thermoplastic foams (PVC, SAN), the unit cost of polyurethane foam increases in a more linear fashion with density. For instance, a 20 pound per cubic foot polyurethane foam will be approximately twice the cost of a 10 pound foam.

On the basis of application, the market is classified into automotive, building & construction, electronics, medical, aerospace, and others. Among the various applications of microcellular polyurethane foam, the automotive segment accounted for the largest share in 2015. The durability and light weight properties, combined with their strength, make microcellular polyurethane foams ideal not only for cushioning purposes, but also within the bodies of cars, where their insulation properties provide protection against heat and noise of the engine. This in turn is driving the market of microcellular polyurethane foam. The others application segment includes gaskets & sealants, shoe soles, cushions, pillows, mattresses, sports, and so on. The growing demand of these products by the end use consumers has boosted the growth of this segment.

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Asia-Pacific dominated the global microcellular polyurethane foam market in 2015 and accounted for a largest share, followed by Europe and North America. The market in this region is experiencing increased microcellular polyurethane foam consumption in automotive and building & construction industries. In terms of value, the microcellular polyurethane foam market in China is expected to witness a highest growth during the forecast period.

Leading players such as Evonik Industries, AG, BASF, and Dow Company deploying multiple strategies to strengthen their position in Impact modifiers market

Impact modifiers is a growing market with a significant number of global and regional players. The major companies operating in the impact modifiers market include E. I. du Pont de Nemours & Co. (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), Clariant AG (Switzerland).

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These companies have been adopting various strategies, such as new product launches, mergers & acquisitions, and others in order to grow and strengthen their foothold in this market. New product launches is the most preferred growth strategy adopted by large companies to cater to the diverse needs of their customers.

More than half of Arkema’s research & development expenditure is allocated to green chemistry. The company is primarily focused on innovating new products in the field of impact modifiers, and providing customers with energy-efficient products that are developed from renewable sources. For instance, Arkema launched Lotryl T, a new copolymer that functions as impact modifiers for PET Straps in April, 2016.

Clariant is another leading company in the chemical industry. Clariant’s strategy is concentrated mainly on four strategic initiatives, namely, profitability of essential businesses, research & development and innovation, expansion of company’s competitive position in global growth markets, and optimization of the product portfolio. Clariant introduced lightweight plastics and additives for under-the-hood, interior and exterior parts of vehicles, especially for China’s local automotive and transportation industry in September, 2014. The company also provides additives for the commonly-used plastics, such as PP, PA, PUR, and ABS, thereby enhancing its presence in the automotive sector in China. Clariant entered into a distribution agreement with Connell Brothers Co. Ltd. (U.S.) to supply additives, waxes, polymer additives, and flame retardants in Australia in July, 2013. This development strategy helped the company to enhance and develop Clariant’s business in the Asia-Pacific region.

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Furthermore, companies operational in this market have also been focusing on alliances and collaborations, establishment of R&D centers, and partnerships to increase their market presence. This has further helped them to increase their market share in emerging economies.

Bioplastics & Biopolymers Market worth $14.92 billion | CAGR value of 16.5%

The Bioplastics & Biopolymers market is projected to grow from USD 6.95 billion in 2018 to USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023. Increasing demand for bioplastics from the packaging industry, favorable government policies, increase in waste management regulations in Europe, and increasing concern for human health are projected to drive the bioplastics & biopolymers market. Increase in regulations is expected to propel the growth rate of the market.

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The high growth of the packaging industry coupled with increasing regulations related to renewable packaging materials are leading to the increasing use of bioplastics over conventional plastics. This has propelled the consumption of bioplastics in packaging, which, in turn, is projected to drive the bioplastics & biopolymers market.

Market Dynamics

Drivers

• Increasing use of bioplastics in the packaging end-use industry
• Increase in waste management regulations in Europe
• Favorable government policies
• Increased focus on bio-based content rather than biodegradability
• Increasing concern for human health 

Restraints

• High price of bioplastics

Opportunities

• Development of new applications
• High potential in Southeast Asian countries

Challenges

• Segregation and processing of bioplastics
• Fluctuation of oil prices
• Performance limitations of bioplastics & biopolymers
• Limited regulations related to bioplastics in developing countries

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Packaging is the largest end-use industry for bioplastics & biopolymers. The need for sustainable solutions has encompassed several industry verticals, including food & beverage. In addition, enhanced industrial & manufacturing technologies have enabled the food & beverage companies to incorporate bioplastics in packaging. 

Europe is the largest bioplastics & biopolymers market and is one of the major producers of plastics. It is also one of the leading packaging markets, globally. These factors have been responsible for the development of bio-based plastics with collaborative research, which, in turn, is expected to transform Europe’s plastics industry. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers. The EU Commission has focused on the Lead Markets Initiative where bioplastics have been identified as one of the most important potential markets. Europe has, thus, become one of the major consumers of bioplastics & biopolymers.

Aerospace is the largest application segment of the CFRTP market, in terms of value and volume

The CFRTP Market was valued at USD 680.0 Million in 2015, and is projected to reach USD 1,690.3 Million by 2026, at a CAGR of 8.66% between 2016 and 2026. CFRTP is widely utilized for varied applications such as aerospace, automotive, and consumer durables, owing to its superior properties, low maintenance, and long product life.

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Major applications of the CFRTP market include aerospace, automotive, and consumer durables. The aerospace application segment accounted for the largest share of the CFRTP market in 2015, in terms of value and volume. CFRTP encompasses various properties including lightweight, easy to construct, dimensional stability, and resistance against chemicals as well as operational stability at high temperatures in comparison to other conventional materials, such as thermoset composites and metallic alloys. The superior properties of CFRTP have contributed to the extensive usage of CFRTP in the aerospace industry.

In this study, the years considered to estimate the market size of CFRTP are:

• Base Year – 2015
• Estimated Year – 2016
• Projected Years – 2021 & 2026
• Forecast Period – 2016 to 2026

North America is expected to be the fastest-growing market for CFRTP during the next five years. One of the most significant factors contributing to the growth of CFRTP market in North America is the increasing demand for CFRTP from the aerospace and automotive industries. Aerospace industries such as Airbus S.A. (France) and Boeing (U.S.) utilize CFRTP for producing combat and cargo transport aircraft, owing to its superior properties in comparison to other composite materials. North America is also expected to be the fastest-growing market for CFRTP in the next five years.

Key players operating in the CFRTP market include Solvay S.A. (Belgium), Royal Ten Cate N.V. (Netherlands), Teijin Limited (Japan), Toray Industries, Inc. (Japan), SGL Group (Germany), Celanese Corporation (U.S.), Covestro AG (Germany), PolyOne Corporation (U.S.), PlastiComp, Inc. (U.S.), and Aerosud (South Africa), among others. These players have adopted various organic and inorganic developmental strategies over the past five years.

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New Pultrusion Techniques and Technologies

Pultrusion is a process of manufacturing structural composites parts using polymer matrix and fibers. Properties of products manufactured through pultrusion are good strength, good chemical resistance, non-magnetic, low maintenance and very low thermal expansion.

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The pultruded parts have applications in construction industry where different pultruded parts are used in form of gratings, rebars and customized profiles. Pultruded products provide manufacturers and designers with the benefits of high strength-to-weight ratios, corrosion resistance, heat resistance, dielectric properties, and dimensional stability. FRP pultrusions are cost effective and versatile alternative to traditional materials, such as steel, aluminum and timber. FRP pultrusions weigh 75% less than steel and are non-corrosive. FRP rebar has also been applied to various aspects of chemical anti-corrosion, and it replaces carbon steel, stainless steel, wood, and non-ferrous metals. Moreover, pultruded structural components used in the cooling towers produce an engineered framework of high quality, reliability and safety.

Industrial applications are expected to drive the pultrusion market in next five years due to increase in demand of pultruded parts in cooling towers, offshore oil drilling projects and civil engineering.  . Currently, the global pultrusion market is dominated by various market players, such as Exel Composites (Finland), Strongwell Corp. (U.S.), Bedford Plastics (U.S.), Creative Pultrusion (U.S.) and Glasfroms Inc (U.S).

The report “Pultrusion Market by type (Glass Fiber, Carbon Fiber and others), by Resin Type (Polyester, Vinyl Ester, Polyurethane and Others) by Application (Industrial, Housing, Civil Engineering, Consumers and others) and by Region – Global Trends and Forecasts to 2020”, The pultrusion end market in terms of value is expected to reach around USD 2,045.2 Million by 2020, at a CAGR of 4.8% between 2015 and 2020.

Apart from the market segmentation, this report also makes use of the Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pultrusion market.

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

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand for medical adhesive tapes from economies of the Asia Pacific region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. The robust demand in the Asia Pacific is a major driving factor in the global medical adhesive tapes market. China is expected to lead the demand for medical adhesive tapes due to increased industrial production. It is also among the largest consumers of medical adhesive tapes at the global level.

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The growth of the market is restrained by the increasing pricing pressure on market players. Advanced and active wound care products are expected to cannibalize the market for medical adhesive tapes in the coming years considering their effectiveness, coupled with the limitations of basic/traditional wound dressings.

Key players operating in the medical adhesive tapes market include 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.

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The global medical adhesive tapes market is estimated at USD 6.64 Billion in 2017, and is projected to reach USD 8.76 Billion by 2022, at a CAGR of 5.69% from 2017 to 2022.  The demand for medical adhesive tapes has been increasing rapidly in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals, among others. The rising number of surgeries and high demand for medical products in the Asia Pacific are the key factors contributing to the growth of the market.

The medical adhesive tapes market is segmented based on resin type into acrylic, silicone, and rubber medical adhesive tapes. The silicone medical adhesive tapes segment is expected to grow at a higher CAGR during the forecast period, 2017 to 2022. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market in the medical sector. These medical adhesive tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. However, research and development is required to broaden the use of silicone medical adhesive tapes in varied applications.

Contracts & Agreements and Expansions are the Key Strategies Adopted by the Leading Players in the Global Propylene Glycol Market

The global propylene glycol market was valued at USD 3.32 Billion in 2015, and is projected to reach USD 4.60 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. Contracts & agreements and expansions are the strategies adopted by the key players to strengthen their positions in the global propylene glycol market. The maximum number of strategic developments undertaken between 2012 and 2016 took place in North America, followed by Europe and South America.

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The key players operating in the global propylene glycol market are The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Huntsman Corporation (U.S.), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland).

DuPont Tate & Lyle Bio Products LLC (U.S.) is a key player in the global propylene glycol market. The company has been focusing on expansions and contracts & agreements as a part of its strategic development activities. In January 2017, the company expanded its distribution of Zemea propanediol product in the South American market. In March 2014, the company entered into a supply contract with Cheryl Lee MD, Sensitive Skin Care (U.S.). As per the agreement, the company provided Zemea propanediol to manufacture a line of personal care products such as body cream, face lotion, and anti-itch cream.

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Global Bio-chem Technology Group Co., Ltd. (China) is another major manufacturer of propylene glycol, globally. The company has been focusing on contracts & agreements to strengthen its market. For instance, in June 2013, the company entered into an agreement to develop a catalyst for improving the production of glycerin from carbohydrates. The agreement helped the company to produce cost-saving and efficient renewable propylene glycol.

This report provides a detailed analysis of the global propylene glycol market and segments the same based on source, application, end-use industry, and region. Based on source, the propylene glycol market has been segmented into petroleum-based propylene glycol and bio-based propylene glycol. Based on application, the market has been segmented into unsaturated polyester resin, antifreeze & functional fluids, food, pharmaceuticals & cosmetics, liquid detergents, plasticizers, and others. Based on end-use industry, the market has been segmented into transportation, building & construction, pharmaceuticals & cosmetics, food & beverage, and others. Based on region, the market has been segmented into the Asia-Pacific region, Europe, North America, South America, and the Middle East & Africa.

Related Reports:

Propylene Glycol Market by Source (Petroleum and Bio-Based), Application (Unsaturated Polyester Resin, Antifreeze & Functional Fluid, Food, Pharmaceuticals & Cosmetics), End-Use Industry (Transportation, Building & Construction) – Global Forecast to 2021

Methyl Tertiary Butyl Ether Market- Global Forecast 2022

Agreements, acquisitions & joint ventures, and expansions are the key strategies adopted by leading players in the global MTBE market

Methyl Tertiary Butyl Ether (MTBE) is extensively used in gasoline, as it enables reduction in the knocking effect that leads to inefficient burning and engine damage in gasoline engines. The demand for MTBE is increasing significantly due to the increasing consumption of gasoline as a result of growing vehicle fleets in emerging economies. In terms of value, the MTBE market is projected to reach USD 18.99 billion by 2022 from an estimated USD 14.99 billion in 2017, at a CAGR of 4.8% from 2017 to 2022.

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Prominent players majorly adopted the expansions strategy to enhance their customer network in the MTBE market. For instance, in July 2015, Evonik Industries (Germany) expanded its C-4 output at Antwerp and Marl (Germany) to increase the output of MTBE. This helped the company to improve its market position and support its plans for an increase in customers. In July 2016, Eni S.p.A (Italy) expanded its MTBE production plant in Ravenna for a 50% capacity expansion during maintenance in August. The Ravenna site on the Adriatic coast, between Venice and San Marino, can produce either Methyl Tertiary Butyl Ether (MTBE) or Ethyl Tertiary Butyl Ether (ETBE) and is currently geared to manufacture the former. The plant has a capacity of 140,000 tons, and a 50% increase would lift this to around 210,000 tons. This is expected to help the company meet the increased demand for MTBE.

Major MTBE producers are SABIC (Saudi Arabia), Evonik Industries (Germany), CNPC (China), Huntsman (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), ENOC (UAE), and Qafac (Qatar). SABIC (Saudi Arabia) and LyondellBasell (Netherlands) are the most active players in the MTBE market. These companies adopted various strategies to enhance their market shares in the global MTBE market between 2017 and 2022.

Major companies offering MTBE are majorly involved in expansions and acquisitions to strengthen their positions in the MTBE market. These market players have adopted expansions as their major strategy to expand their global reach. Some companies concentrated more on the agreements and joint ventures strategy between 2013 and 2017.

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Impact of Existing and Emerging Stand-Up on High Performance Fluoropolymers Market

New product launches, mergers & acquisitions, joint ventures, and expansions & investments are the key strategies adopted by industry players to achieve growth in the high-performance fluoropolymers market between 2017 and 2022. Increasing industrial advancements, technological advancements, and demand for efficient materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility, and high dielectric strength have led various end-use industries to focus on high-performance fluoropolymers, thus leading to a rise in their demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and joint ventures. Some of the key players, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), and Shanghai 3F New Materials Company Ltd. (China) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high-performance fluoropolymers market between 2013 and 2016. 

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The Chemours Company (US) is a leading player in the global high-performance fluoropolymers market. The company, as a major HPFs manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2016, the company started a new Teflon finishes plant at its Changshu work site, China. This expansion increased the production capacity of fluoroproducts and helped the company strengthen its position in China and the Asia Pacific region by offering high-quality products for both consumer and industrial applications.

Daikin Industries Ltd. (Japan) is one of the key HPFs manufacturers globally. The company operates through three major business divisions, namely, air conditioning division, chemicals division, and others. The other division includes refrigerator, oil hydraulics, defense systems, and electronics business. The company has its production capacities situated in Japan, the US, Europe, and China that are involved in the production of high-performance fluoropolymers.

Daikin has 207 consolidated subsidiaries, of which 28 are located within Japan and 179 are located outside Japan. 
As a part of its business strategy, the company acquired MDA Manufacturing Inc., which was formerly a joint venture between Daikin Industries, Ltd. and The 3M Company in 2014. This acquisition strengthened the reach of the company in North America.

Key companies, such as The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), Gujarat Fluorochemicals Ltd. (India), Hubei Everflon Co., Ltd. (China), Shanghai 3F New Materials Company Ltd. (China), and Halopolymer OJSC (Russia) are the most active players in the global HPFs market.

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Sodium Silicate Market worth 11.03 Billion USD by 2022

The report “Sodium Silicate Market by Form (Solid Sodium Silicate, Liquid Sodium Silicate), Application (Detergents, Precipitated Silica, Construction, Pulp & Paper, Water Treatment, Metal Casting, Food Preservation), and Region – Global Forecast to 2022″, The sodium silicate market is expected to grow from USD 8.91 Billion in 2017 to reach USD 11.03 Billion by 2022, at a CAGR of 4.4% between 2017 and 2022. The sodium silicate market is driven by the rising demand for sodium silicate from applications such as detergents, precipitated silica, construction, pulp & paper, water treatment, metal casting, and food preservation.

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Solid sodium silicate is estimated to be the largest form of sodium silicate

Solid sodium silicate is the largest form of sodium silicate produced. It suitable for a wide range of applications such as manufacturing of refractories, ceramics, and firestop devices due to its easy and low-cost transportation and storage compared to liquid sodium silicate. Most of the solid sodium silicate is converted into the liquid form by dissolving in water for use in applications such as detergents, precipitated silica, pulp & paper, and water treatment.

Detergents application: fastest-growing application for sodium silicate

The sodium silicate market size for the detergents application is projected to register the highest growth during the forecast period. The consumption of sodium silicate in this application is growing due to the rising demand for sodium silicate for the manufacturing of detergents that are used for various cleaning and washing processes, such as domestic or industrial clothes washing; floor cleaning; washing of dishes, bottles, dairy equipment, and locomotives; and metal cleaning and degreasing.

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Asia Pacific accounts for the largest share of sodium silicate market

Asia Pacific is estimated to be the largest market for sodium silicate. China is estimated to be the leading market for sodium silicate in Asia Pacific. India, Japan, and South Korea are the other major countries contributing to the growth of the sodium silicate market in the region. The increasing demand for sodium silicate from applications such as detergents and construction is expected to drive the sodium silicate market in these countries.

The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).

Top 10 Plastics Market worth 586.24 Billion USD by 2021

The report “Top 10 Plastics Market by Type (Polyethylene, Polypropylene, Expanded Polystyrene, Polyethylene Terephthalate, Polyvinyl Chloride), Application (Automotive, Building & Construction, Packaging, Electronics & Consumer, Textile) – Global Forecast to 2021″, The global top 10 plastics market is projected to reach USD 586.24 Billion by 2021, at a CAGR of 6.84%. By volume, the market is projected to reach 332.4 Million tons by 2021, at a CAGR of 4.68%.

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This progress is fueled by the growth in key end-use industries, such as automotive, building & construction, packaging, electrical & electronics, and construction; substitution of metal-based products with various plastic materials; and rising disposable income of middle class in emerging economies.

Polyethylene (PE): The largest type segment of the top 10 plastics market

Polyethylene is the largest type segment of the global top 10 plastics market, followed by the polypropylene segment. The high demand for polyethylene is mainly due to its effective and substantial usage in consumer products, especially in packaging materials. Properties, such as flexibility, thermal & electrical insulation, and chemical & thermal resistivity, make its usage widespread in applications such as packaging, construction, electrical, electronics, automotive, and so on. Polyethylene is also lightweight, easy to manufacture, and easily available, which further boost its demand in the aforementioned applications.

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Packaging: The largest application segment of the top 10 plastics market

Packaging is currently the largest application segment of the top 10 plastics market. Plastics provide a much cleaner, tougher, and aesthetically appealing form of packaging, especially for the food & beverage industry and the electronics industry. This is anticipated to fuel its demand in the packaging application segment. The extensive use of plastics in bags, pouches, and sachets as well as in conventional packaging methods is also expected to drive the growth of the packaging segment.

Asia-Pacific: The largest market for top 10 plastics

The Asia-Pacific region was the largest market for top 10 plastics, in terms of value and volume, in 2015. The steady growth in construction spending of countries this region, such as India, Vietnam, Indonesia, and Thailand, has led to increased investments in industrial and public infrastructure where plastics products are widely used. The extensive use plastics in electronics & consumer products and automotive applications and the growing preference of people for urbanized lifestyle are also key factors responsible for making Asia-Pacific the largest market for the top 10 plastics.

The Dow Chemical Company (U.S.), ExxonMobil Chemical Company, Inc. (U.S.), and SABIC (Saudi Arabia) are the most important players in the global top 10 plastics market. These companies witnessed the highest strategy adoptions in the market, and accounted for the largest share of the overall activities from 2011 to 2016.

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