The electronics industry segment of the persulfates market is projected to grow at the highest CAGR

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.

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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Key Target Audience:

• Raw Material Suppliers
• Manufacturers of Persulfates
• Traders, Distributors, and Suppliers of Persulfates
• Government & Regional Agencies, Research Organizations, and Investors

The Scope of the Report:

This research categorizes the persulfates market on the basis of type, end-use industry, and region.

Persulfates Market, By Type:

• Ammonium Persulfate
• Sodium Persulfate
• Potassium Persulfate

Persulfates Market, By End-use Industry:

• Polymers
• Electronics
• Cosmetics & Personal Care
• Pulp, Paper & Textiles
• Water Treatment
• Oil & Gas
• Soil Remediation
• Others* (includes adhesives, chemical synthesis, pharmaceuticals, photography, and inks & pigments)

Persulfates Market, By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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).

Glass Filled Nylon Market | Nylon 6 market | Industry Analysis and Market Forecast to 2023

The use of glass filled nylon is increasing due to its superior properties such as high strength, long durability, dimensional stability, stiffness, strength, chemical resistance, and creep resistance. The glass filled nylon market size is estimated to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The increasing use of glass filled nylon in the automotive and electrical & electronics industries is bolstering the market, globally.

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The glass filled nylon market, by end-use industry, is segmented into automotive, electrical & electronics, industrial, and others including aerospace, construction, and marine. The market in the automotive end-use industry is projected to register the highest CAGR, in terms of value, during the forecast period. Automotive is the largest end-use industry segment of the glass filled nylon market, followed by the electrical & electronics end-use industry. The growing usage of glass filled nylon is these end-use industries is bolstering the market.

The glass filled nylon market, by type, is segmented into polyamide 6, polyamide 66, and others including polyamide 11, polyamide 12, and other specialty polyamides. Polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as excellent tensile strength, high mechanical strength, and chemical resistance, which make polyamide 6 the widely glass filled nylon in the automotive and electrical & electronics end-use industries.

The glass filled nylon market, by manufacturing process, is segmented into injection molding and extrusion molding. Injection molding is the most widely used process for the manufacturing of glass filled nylon. The ease of manufacturing glass filled nylon through this process is one of the major factors attributed to the high market size during the forecast period.

By region, the glass filled nylon market is segmented into five regions, namely, North America, APAC, Europe, the MEA, and Latin America. APAC is expected to record the highest growth rate, in terms of value and volume, during the forecast period. The growth of end-use industries such as automotive, electrical & electronics, and industrial in the key countries of APAC such as China, India, and Japan is expected to drive the demand for glass filled nylon in the next five years. The key market players have realized the immense potential offered by the region for the growth of the glass filled nylon market. For instance, Asahi Kasei Corporation acquired Sage Automotive Interiors, Inc. This acquisition is a forward integration which will be beneficial for the growth of the glass filled nylon market, as automotive is the major end-use industry of glass filled nylon.

Steel Rebar Market 2021- An Emerging Market with Attractive Growth Opportunities

Steel rebar or reinforcement bars are used to strengthen the ability of concrete to resist tension in construction. The steel rebar market is expected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for steel rebar for the infrastructure, housing, and industrial segments across the globe.

On the basis of end user, the steel rebar market has been classified into infrastructure, housing, and industrial segments. The infrastructure segment of the steel rebar market includes highways, dams, bridges, and roads, among others. The housing segment includes real estate, hospitals, schools, and petrol pumps among others, while the industrial segment consists of projects for energy & power, oil & gas, and telecommunications. In terms of value, the infrastructure segment is expected to be the fastest-growing segment in this market during forecast period. This growth is mainly attributed to the significant use of steel rebar in applications such as bridges, roads, dams, and highways, among others.

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On the basis of process, the steel rebar market has been classified into basic oxygen steelmaking, and electric arc furnace. The basic oxygen steelmaking process is the fastest-growing segment in this market, which is used across different regions, and is used in more than 70% of the global crude steel production.

On the basis of type, the steel rebar market has been segmented into deformed, and mild steel. The market for deformed is the fastest-growing, owing to the deformation property on the bar surface which helps in increasing the bond between materials and minimizes slippage in concrete. Mild steel bars have a plain surface and round sections of diameter from six to 50 mm. The mild steel rebar is commonly used as a tensioning device in reinforced masonry structures and reinforced concrete that hold the concrete in compression.

The Asia-Pacific steel rebar market is expected to grow at the highest CAGR between 2016 and 2021. The Asia-Pacific steel rebar market includes countries such as China, Japan, India, and South Korea. The market in this region is witnessing increased consumption of steel rebar in the construction industry. China is estimated to be the major producer of steel rebar in 2016. Rapidly growing household incomes in the Asia-Pacific, along with the growing middle class population is expected to fuel the growth of various end-use industries utilizing steel rebar in the Asia-Pacific region.  

The steel rebar market is highly fragmented and competitive and has a large number of prominent players. Key manufacturers in the steel rebar market are mainly located in the Asia-Pacific and Europe with some presence in North America, and the Middle East & Africa. The U.S. is the largest market in the North American region. Increasing investments on the infrastructure and housing segments is driving the steel rebar market in the region.

Iodine Market- Trends and Forecast 2022

The global iodine market is estimated at USD 832.1 Million in 2017 and is projected to reach USD 1,041.0 Million by 2022, at a CAGR of 4.58%.

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The market is witnessing growth due to the increasing use of iodine in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine.

“Caliche ore: The largest source of iodine”

Caliche ore was the largest source for iodine extraction in 2016. The large share of caliche ore is because mining of iodine from caliche ore is less cumbersome and less capital intensive in comparison to its extraction from underground brines and seaweeds. Furthermore, the iodine mined from caliche ore contains more concentration (ppm) of iodine as compared to other extraction sources.

“X-ray contrast media: The largest application of iodine”

X-ray contrast media was the largest segment of the iodine market, by application in 2016. The high consumption of iodine in X-ray contrast media is attributed to the rising aging population and their susceptibility to various diseases which is expected to increase the use of X-ray contrast media in diagnostic imaging, thereby, driving the market for iodine in this application.

“Western Europe: The largest iodine market, by region”

The Western European region was the largest market for iodine, in terms of value and volume, in 2016. The high consumption of iodine in the region is attributed to the increasing demand from the healthcare and chemical industries. Growing investments in medical research, advancements in diagnostic imaging techniques, strong healthcare infrastructure with significant number of CT and MRI examinations, and growing iodine deficiency in Rest of the Western European counties are some of the factors responsible for the large market size of iodine in Western Europe.

Sociedad Química y Minera (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), and Algorta Norte SA (Chile) lead the global iodine market. These players are the major manufacturers of iodine and are gaining a strong foothold in the market through their strategies of capacity expansions.

New Product Launches, Expansions and Partnerships, and Agreements & Collaborations in the Ultra-High Molecular Weight Polyethylene Market

Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application-specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

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Major companies operating in the UHMW PE market are Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Braskem S.A. (Brazil), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany).

Some of the growth strategies adopted by the key companies include new product launches, expansions and partnerships, and agreements & collaborations. These companies also invest in R&D activities to enhance their product portfolios and strengthen their positions in the UHMW PE market.

Celanese Corporation is one of the major manufacturers of UHMW PE and has a strong presence across the globe. In January 2016, the company expanded the production capacity of its GUR UHMW-PE facility at Bishop’s City, Texas, which has increased the total capacity to 30 KT per year. This expansion has helped the company launch new grades of GUR UHMW-PE for pharmaceutical applications such as filtering, purification of liquid drug formulations, and mechanically operated devices used in drug contact and delivery.

Koninklijke DSM N.V. is an important market player in the European region. The company has a wide portfolio of UHMW PE products which are used in a variety of applications. In February 2016, the company entered into an agreement with Toyobo Co. Ltd. (Japan) to expand its UHMW PE fiber manufacturing facility in Japan. The agreement involves investment refurbishment and up-gradation of their shared manufacturing facility located in Tsuruga City. Earlier, in September 2014, the company launched the Dyneema Purity Radiopaque Fiber, designed to aid medical applications such as orthopedic trauma.

LyondellBasell Industries N.V. is another major player operating in the UHMW PE market. The company has a strong presence in the North American and European regions and offers UHMW PE under its brand, Lupolen.

Related Reports:

Ultra-High Molecular Weight Polyethylene Market (UHMWPE) by Form (Sheets, Rods & Tubes), End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), Region - Global Forecast to 2021

Growing disposable income, changing lifestyle, and increasing demand from the building & construction industry are expected to drive the growth of the monochloroacetic acid market

The monochloroacetic acid (MCA) market is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. Asia Pacific is expected to be the largest market for MCA and is also projected to witness the highest growth during the forecast period. The growth of the market in this region can be attributed to rising population, growing urbanization, increasing demand from the building & construction industry, growing disposable income, and changing lifestyle in emerging countries of the region. These factors are expected to attract multinational companies to invest more in Asia Pacific countries like India and China.

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The MCA market is expected to witness high growth in emerging economies, such as China, India, and Indonesia. Factors such as increasing disposable income and changing lifestyles of the middle-class population in these countries are expected to fuel the demand for personal care products, textiles, detergents, crop protection chemicals, and medicines. The growth of these industries propels the consumption of carboxymethylcellulose (CMC), which consequently drives the demand for MCA in the aforementioned economies. Additionally, the growth of the building & construction industry drives the consumption of CMC and thioglycolic acid (TGA), which, in turn, drives the demand for MCA in the Asia Pacific region.

Based on product form, the liquid segment is projected to register the highest growth rate. The high growth in the use of liquid MCA is due to its easy miscibility as an intermediate, and efficient operation. Increased R&D activities to develop new and innovative products for use across a wide range of application areas are expected to boost the growth of the MCA market during the forecast period.

The surfactants segment is projected to be the fastest-growing application segment between 2017 and 2022. Surfactant-based face wash, gel, and hair cream, among other personal care products, are replacing conventional products, owing to their cleansing ability, ease of usage, and customization. The increasing use of MCA in the manufacturing of amphoteric surfactants, such as betaines and imidazolines, is expected to boost the surfactant market during the forecast period. Increasing adoption of surfactants in the cosmetic industry in developing countries, such as India, China, Indonesia, and Brazil, is expected to drive the demand for MCA in this application. Increasing disposable income and changing lifestyles of consumers are key growth drivers for the surfactants market in emerging countries.

Anionic Surfactants Market- Current Trends and Future Aspect 2022

The global anionic surfactants market is estimated at USD 16.36 billion in 2017 and is projected to reach USD 20.10 billion by 2022 at a CAGR of 4.2%. The market is mostly driven by the growing number of applications in home care, personal care, oil & gas, and construction industries. Factors such as technological advances, increasing working population, rising incomes, and changing consumer preferences are driving the anionic surfactants market. The demand for anionic surfactants is growing as they provide multifunctional properties to various personal care products such as skin creams, sunscreens, anti-aging creams, anti-acne creams, hair conditioners, and hair shampoos, among others. The growing awareness among consumers regarding the availability of products with multifunctional properties and rising concern for personal hygiene are also driving the demand in the home care segment.

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The anionic surfactants market, on the basis of type, has been classified into linear alkylbenzene sulfonate (LAS), lignosulfonates, alcohol ether sulfates/fatty alcohol sulfates (AES/FAS), alkyl sulfates/ether sulfates, sarcosinates, alpha olefin sulfonates (AOS), phosphate esters, and alkyl naphthalene sulfonates, among others.

Lignosulfonates is expected to be the fastest-growing type segment during the forecast period. Lignosulfonates are water-soluble anionic surfactants used in applications in industries such as construction, oil & gas, etc. They are the by-products obtained from the production of wood pulp using sulfite pulping. Typical application areas of lignosulfonates are concrete additives, crop protection, pigment dispersion, fertilizers, and leather tanning, among others.

The construction application segment of the anionic surfactants market is expected to witness the highest growth during the forecast period. The anionic surfactants market in the construction industry is witnessing high growth in various regions such as the Middle East and Asia Pacific, especially in countries such as China, India, the UAE, and Saudi Arabia, among others. These factors, along with the upcoming infrastructure projects in the energy and manufacturing sectors in Saudi Arabia, are expected to drive the market in the region.

Asia Pacific is expected to be the fastest-growing market for anionic surfactants. Rapid industrialization, coupled with the growing personal care and home care industries, is expected to drive the market in the region. Rising disposable incomes of consumers and changing lifestyles play a significant role in boosting the demand for anionic surfactants. In Asia Pacific, China is the largest market for anionic surfactants owing to its rapidly growing home care and personal care industries. Improved lifestyles, increasing standards of living, increasing population, and high economic growth of the emerging countries such as China, South Korea, India, and Indonesia have made Asia Pacific an attractive market for personal care and home care products. The increasing population and availability of affordable products are primarily responsible for the high demand for personal care ingredients in the region.

Glass flake coatings market- Forecast & Opportunities 2022

The glass flake coatings market is projected to reach USD 1.80 billion by 2022, at a CAGR of 4.48% from 2017 to 2022. Asia Pacific is estimated to lead the market for glass flake coatings in 2017, in terms of value, due to the increased demand for glass flake coatings from countries such as China, South Korea, Japan, India, and Indonesia.

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The presence of key players of glass flake coatings in the Asia Pacific region is one of the main factors driving the growth of the market in this region. Key players in the market, such as Chugoku Marine (Japan), KCC Corporation (South Korea), Nippon Paint (Japan), and Kansai Paint (Japan), have their manufacturing bases in Asia Pacific. Other top companies operating in the global glass flake coatings market are also shifting their production bases to Asia Pacific, owing to the low cost of production and ease of serving emerging local markets. The glass flake coatings in the marine industry will be dominated by Asia Pacific, particularly China, South Korea, and Japan, due to the presence of major shipbuilding companies in these countries. The rapid developments in glass flake coating technology in India, Indonesia, and Australia, is another reason expected to fuel the growth of the Asia Pacific glass flake coatings market.

Based on resin, the epoxy segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increasing use of epoxy-based glass flake coatings in the building of marine offshore & onshore infrastructures, large cargo ships, interior & exterior of storage tanks, and various chemical processing areas. Epoxy glass flake coatings impart excellent corrosion, abrasion, chemical, and temperature resistance to oil, gas, solvents, and chemical & petrochemical products.

Based on substrate, the steel segment is projected to witness the highest growth during the forecast period. Steel meets the strength and toughness criteria required for the manufacture of pipes for the oil & gas; tanks for the chemical & petrochemical; and various parts of cargo ships for the marine end-use industries. The use of glass flake coatings protects steel from corrosion, fouling, and abrasion.

Based on end-use industry, the marine segment is projected to witness the highest growth during the forecast period. This is due to increase in use of glass flake coatings to protect cargo ships and various onshore & offshore infrastructures from harsh weather conditions. Glass flake coatings are also vital in enhancing the fuel efficiency of a ship and decreasing the impact on the environment.

Propylene Glycol Market by End-Use Industry (Transportation, Building & Construction) - Global Forecast to 2021

The global propylene glycol market was valued at USD 3.47 Billion in 2016 and is projected to grow at a CAGR of 5.8% from 2016 to 2021, to reach USD 4.60 Billion by 2021. The eco-friendly production process of bio-based propylene glycol has led to the growth of the global propylene glycol market. Also, the growing automotive industry in Asia-Pacific is driving the market as propylene glycol is widely used in engine coolants and sheet molding compounds among others.

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In terms of end-use industry, the market is classified into transportation, building & construction, pharmaceuticals & cosmetics, food & beverage, and others.

Transportation is expected to be the fastest-growing end-use industry

Transportation is projected to be the fastest-growing end-use industry of the global propylene glycol market during the forecast period, mainly due the rising demand for propylene glycol in the automotive coolants, aircraft wings, pleasure boats, and ships. This industry in the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast year. The growth is attributed to increasing sales of automobiles in the region. In addition, improving standards of living and increasing disposable income in emerging countries such as India, China, and South Korea are driving the growth of the transportation industry. Also, China, Korea, Japan, and India are witnessing high demand for new ships for both military and commercial purposes.

On the basis of region, the market is segmented into Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Currently, the Asia-Pacific region is the largest market for propylene glycol. Rapid industrialization and improved living standards is expected to drive the increasing demand for propylene glycol.  The region is also projected to be the fastest-growing market from 2016 to 2021. This growth is attributed to the rapidly growing transportation industry in the region.

Some of the key players 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) among others.

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Foam Insulation Market by End-use Industry (Building & Construction, Transportation, and Consumer Appliances)- 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.

Focus on the reduction of greenhouse gas emissions and strict government regulations on the construction of energy-efficient buildings are expected to drive the demand for foam insulation. The major restraining factor for the market is the lack of awareness about the benefits of foam insulation.

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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.

Population growth and rapid urbanization in key countries, such as China and India, accompanied by the rising demand for consumer appliances have contributed to the growth of the foam insulation market in this region. Increasing investments in the region’s building & construction industry also help drive the demand for foam insulation. Besides, major market players, such as Covestro AG (Germany), BASF SE (Germany), Saint-Gobain (France), and Huntsman Corporation (U.S.), are setting up manufacturing plants in the Asia-Pacific region due to the availability of cheap labor and low production cost.

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High Speed Steels Market by End-Use Industry (Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, Others) - Global Forecasts to 2021

The high speed steels market is projected to grow from USD 2.13 Billion in 2016 to USD 2.77 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. The growing demand for high speed steels to manufacture various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies, among others is driving the growth of the high speed steels market, globally.
The report “High Speed Steels Market by Product Type (Metal Cutting Tools, Cold Working Tools, Others), End-Use Industry (Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, Others), Region – Global Forecasts to 2021″.

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High speed steels are widely used in the automotive industry.

Among end-use industries, the automotive industry segment is projected to lead the high-speed steels market. In the automotive industry, high-speed steels are used for manufacturing pumps, valves, injectors, turbochargers, inserts, pistons, valve needles, valve balls, and valve seats, among others. High-speed steels based molds are used in the molding of plastics to form headlamps, tail lamps, and inner panels of automobiles. Growing automation in the automotive industry and rising demand for vehicles across the globe have boosted the demand for high-speed steels in the automotive industry.

Among product types, the metal cutting tools segment of the high speed steels market is projected to grow at the highest CAGR. The growth of this segment can be attributed to the fact that metal cutting tools made from high speed steels ensure effective manufacturing of critical and complex components with ease and utmost accuracy.

The Asia-Pacific high speed steels market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The region is a major consumer of high speed steels, which are used in varied end-use industries, such as automotive, plastic, and aerospace, among others. The demand for high speed steels is increasing in various countries, such as Japan, China, India, and South Korea, among others of the Asia-Pacific region. In order to meet this growing demand for high speed steels, top manufacturers of high speed steels from the U.S. and Europe are focusing on the Asia-Pacific region to expand their businesses.

Hudson Tool Steel Corporation (U.S.), Sandvik Materials Technology AB (Sweden), Erasteel (France), Nachi-Fujikoshi Corporation (Japan), Daido Steel Co., Ltd. (Japan), Friedr. Lohmann GmbH (Germany), Kennametal Inc. (U.S.), Voestalpine AG (Austria), ArcelorMittal S.A. (Luxembourg), and ThyssenKrupp AG (Germany), among others, are the key companies operating in the high speed steels market. These players, with a wide market reach and established distribution networks, are investing increasingly in research & development activities for the development of new grades of high speed steels. They also have strong technical and market development capabilities, which enable them to upgrade their existing products for new applications.

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Polyurethane Additives Market by End-Use Industry (Automotive, Building & Construction, and Bedding & Furniture), and Region – Global Forecast to 2021

The Polyurethane Additives Market is projected to reach USD 2.75 billion by 2021, at a CAGR of 6.3%, in terms of value from 2016 to 2021. The polyurethane additives market is driven by increasing usage of polyurethane in the construction and automotive industries.The report includes analysis of the polyurethane additive market by region, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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Building & construction expected to dominate the market for PU additive

The building & construction industry is projected to drive the polyurethane additive market, aided by increased demand for insulation applications for maintaining optimum temperature and reducing the energy cost. Automotive is another end-use industry where polyurethane is being used for vehicle interiors as well as exteriors. The use of polyurethane helps reduce the weight of vehicles and enhance fuel efficiency.

Polyurethane additives are used mainly in flexible foam, rigid foam, coatings, adhesives & sealants, elastomers, and binders. Flexible foams are primarily used in bedding & furniture, and automotive & transportation industries.

North America, Europe, Asia-Pacific, Middle East & Africa, and South America are considered the main regions in the polyurethane additives market report. Asia-Pacific region is dominant in the polyurethane additive market. The rising demand for polyurethane additives in this region is mainly driven by its increased use in building & construction industries. Europe is the second-largest consumer of polyurethane additives, globally. The market in this region is mainly driven by the growing opportunities from transportation and construction industries. The Middle East & Africa is the second-fastest-growing market, due to the increased demand for rigid foam for insulation purposes in the region.  

Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), and Huntsman International LLC (U.S.) are the leading companies operating in this market. These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable polyurethane additive manufacturers to overcome the effects of the volatile economy, leading to the diversified business portfolio and increase revenue. The other main manufacturers of polyurethane additives are Tosoh Corporation (Japan), Albemarle Corporation (U.S.), Eastman Chemical Company (U.S.), Kao Corporation(Japan) ), Evonik Industries AG (Germany), Air Products and Chemicals, Inc. (U.S.), and Momentive Performance Materials Inc. (U.S.).

Huntsman Corporation is one of the Leading Producers of Methyl Ester Ethoxylates Markets

The methyl ester ethoxylate market has grown at a moderate pace over the past five years owing to the increase in demand of methyl ester ethoxylate for industrial cleaning and domestic cleaning applications. Currently, the methyl ester ethoxylate market is dominated by various key players, such as Huntsman Corporation (U.S.), KLK OLEO (Malaysia), Lion Corporation (Japan), Ineos Group Limited (Switzerland), and Jet Technologies (Australia).

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New product developments/launches were undertaken in the past few years by Lion Corporation. Other companies have not taken part in major developments in the methyl ester ethoxylate market; however, there is scope for developments as the demand for methyl ester ethoxylate is rising. New companies are also expected to enter this market.

In February 2016, Lion Corporation introduced TOP SUPER NANOX, a super-concentrated liquid laundry detergent. Methyl ester ethoxylate and a lift out (LO) ingredient are its primary raw materials. This improved the position of the company in the concentrated liquid detergents segment.

In February 2013, Lion Corporation introduced an improved version of TOP NANOX, a super-concentrated liquid laundry detergent used for removing grimes and sources of odor. This product has methyl ester ethoxylates as a raw material. It is the successor to TOP NANOX, a product introduced in 2010.

Huntsman Corporation is one of the leading producers of methyl ester ethoxylates. It operates through five business segments, namely, polyurethanes, performance products, advanced materials, textile effects, and pigments & additives. It has more than 100 manufacturing and R&D facilities in over 30 countries. It is involved in producing eco-friendly surfactants made from oleochemicals derived from coconut, soybean, and palm oils. These products help the company reduce its carbon footprint.

KLK OLEO is involved in developing renewable resources such as palm oil and its derivatives. It has vertical integration wherein it produces its own raw materials such as palm oil and has exclusive ownership and management of the entire supply chain. It has its own palm tree plantations and mills through which it produces and processes its raw materials. This makes it possible for the company to maintain the quality of its finished products and also have control over its feedstock supply.

Related Reports:

Methyl Ester Ethoxylates Market by Type (C16-C18 & C12-C14), Application (Domestic Cleaning, Industrial Cleaning, Personal Care & Others), and Region – Global Forecast to 2021

Toluene Market by Application and Derivative (Benzene and Xylene, Solvents, Gasoline Additive, Toluene Di-Isocyanate, Benzoic Acid) - Global Forecast to 2021

The global market size of toluene was USD 20.02 Billion in 2015 and is projected to reach USD 23.41 Billion by 2021, at a CAGR of 6.3%.
Rising end-use of toluene and its derivatives in industries such as, oil & gas, petrochemical, building & construction, paints, printing, rubber, and resins, among others are driving the market for toluene. Along with these, the growing petrochemical industry in the Asia-Pacific region countries such as, India, Taiwan, and Thailand is also driving the toluene market.

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“Toluene Di-Isocyanate segment to be the fastest growing market for toluene”

The TDI segment is estimated to be fastest growing segment in the toluene market. Growth in the automotive and building & construction industries is expected to drive the market of TDI for polyurethane, which is used as an insulating foam in these industries. North America is expected to witness high potential growth in the TDI segment due to the recent discoveries of shale gas and shale oil in the region and a strong manufacturing base in the U.S. Rising energy costs and greenhouse gas emissions have prompted various companies to improve the energy efficiency in households and industrial buildings, which is driving the demand for PU foams for use as insulators. PU foam is used in automobiles due to the light weight, which helps in the reduction of fuel emissions.  With the increasing concerns regarding the conservation of energy, the market for PU is expected to grow, which, in turn, is expected drive the demand for toluene.

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), BP P.L.C. (U.K.), SK Innovations (South Korea), BASF SE (Germany), GS Caltex (South Korea), Formosa Chemical & Fiber Corporation (Taiwan), Royal Dutch Shell (Netherlands), and CPC Corporation (Taiwan), among others.

The Asia-Pacific region, with its growing economies and rapidly expanding commercial and industrial bases, is projected to lead the toluene market from 2016 to 2021, both, in terms of value and volume. The toluene market in Europe and North America is consolidated, whereas the market in the Asia-Pacific region has a fragmented structure, where China, Japan, India, and South Korea are the leading players.

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