APAC is projected to be the fastest-growing modular chillers market

The modular chillers market is projected to grow from USD 2.6 billion in 2019 to USD 3.5 billion by 2024, at a CAGR of 6.0%. The growth of the modular chillers can be attributed to the stringent government regulations on energy efficiency and emissions, globally. In addition, the competitive advantages of modular chillers over its substitutes has increased its demand in the HVAC and refrigeration systems.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75609903

APAC is projected to be the fastest-growing market for modular chillers, owing to the presence of highly-populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the modular chillers market in this region. In 2018, China accounted for the largest share of the APAC market, owing to the presence of huge HVAC industries. The growing sales of HVAC systems and their increasing demand from commercial and residential infrastructure in the region boosts the demand for modular chillers. In addition, growing urbanization and population are mainly driving the demand for modular chillers in the HVAC systems.

Competitive advantages as compared to other alternatives, drives the demand for modular chillers in the commercial application. Modular chillers have a compact design, which is ideal for buildings where space is limited. It has control systems, which can be operated from remote places. Also, the biggest advantage of modular chillers is ‘modularity’, which means, operators can shut down any unit when cooling requirements are low and switch on any number of units when the requirement is high. Therefore, the modular chiller operators, can reduce the downtime to zero hours, as it is highly unlikely that all modules malfunction. In addition, modular chillers offers superior expandability, when operators plan infrastructure expansion. The modular chiller system capacity can be increased by adding parallel modules with the currently installed chiller system. These overall advantages of modular chillers have increased their demand.
Most active players in the modular chillers market:

Carrier Corporation (US), McQuay Air-Conditioning (Hong Kong), Johnson Controls- Hitachi Air Conditioning (Japan), Midea Group (China), Ingersoll Rand (Ireland), Gree Electric Appliances (China), Frigel Firenze (Italy), Mitsubishi Electric Corporation (Japan), Multistack (US), and Haier Group (China) are a few active players in the modular chillers market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Key Market Leader - Graphene Battery Market

The global graphene battery market size is projected to grow from USD 168 million in 2024 to USD 609 million by 2030, at a CAGR of 23.9% from 2024 to 2030. The increasing demand for graphene batteries in consumer electronics and automotive industries is expected to drive the graphene battery market.

Samsung SDI (South Korea), Huawei Technologies Co., Ltd. (China), Log 9 Materials Scientific Private Limited (India), Cabot Corporation (US), Grabat Graphenano Energy (Spain), Nanotech Energy (US), Nanotek Instruments, Inc. (US), XG Sciences, Inc. (US), ZEN Graphene Solutions Ltd. (Canada), Graphene NanoChem (Malaysia), Global Graphene Group (US), Vorbeck Materials Corp. (US), Graphenea Group (Spain), Hybrid Kinetic Group Ltd. (Hong Kong) and Targray Group (Canada) are some of the leading players operating in the graphene battery market. These players have adopted the strategies of expansion and joint-venture to enhance their position in the graphene battery industry.

To know about the assumptions considered for the study download the pdf brochure

In line with the rising demand for graphene battery, in December 2018, Log 9 Materials Scientific Private Limited (India) announced that they are working on graphene-based metal-air batteries. The metal-air battery uses metal as the anode, oxygen as the cathode and water as an electrolyte. A graphene rod is used in the air cathode of the battery. Since oxygen has to be used as the cathode, the cathode material has to be porous to let the air pass, a property in which graphene excels. According to Log 9 Materials, the graphene used in the electrode can increase the battery efficiency by five times at one-third the cost.

In November 2017, Samsung SDI (South Korea), in collaboration with Samsung Advanced Institute of Technology (SAIT), developed a unique “graphene ball” that could make lithium-ion batteries last longer and charge faster. Samsung Advanced Institute of Technology (SAIT) said that using the new graphene ball material to make batteries will increase their capacity by 45% and make their charging speed five times faster. It was also said that this battery would be able to maintain a temperature of 60 degrees Celsius that is required for use in electric cars.

In December 2016, Huawei unveiled new graphene- Li-Ion battery with abilities to withstand high temperature (60° degrees as opposed to the existing 50° limit). The lifespan of the graphene- Li-Ion battery will also be twice than that of the ordinary Li-ion battery. To achieve this breakthrough, Huawei incorporated three new technologies including a special additive in the electrolyte, cathodes with modified large-crystal NMC materials and graphene for more efficient cooling.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

APAC is projected to be the largest market for Polyetherimide (PEI) Market

The PEI market size is estimated to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% between 2019 and 2024. The increasing demand from the transportation sector, electrification of vehicles, and replacement of metals and specialty polymers with PEI in heat resistance applications are expected to drive the market.

Download PDF Brochure for more insight: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264439177

APAC is projected to be the largest polyetherimide (PEI) market during the forecast period. There is an increase in the consumption of PEI in various applications due to continued industrialization and growth in the transportation, electronics, and medical sectors of the region. In addition, growing innovation & development and the rising demand for specialty polymers in the industrial sector are driving the use of PEI. The increasing population and growing industrialization are also driving the polyetherimide (PEI) market in China, along with the growing export of different consumer electronics products by China to various European and North American countries.

Key Questions Addressed by the Study

• What are the global demand trends for PEI? Will the market witness an increase or decline in demand in the coming years?
• What is the estimated demand for PEI? Which type is used the most in end-use industries?
• What were the revenue pockets for the polyetherimide (PEI) market in 2018?

The use of PEI has been increasing due to its ability to replace metal and other thermosets and bulk molding compounds. PEI is apt for applications that require high heat resistance, strength, and chemical resistance. The largest application of PEI in this segment is in the electrical and lighting systems, followed by under-the-hood applications.

With the rise of electric vehicles, reduction in weight, and increasing demand for fuel-efficient products, the automotive industry is undergoing a transition in terms of material substitution. Therefore the demand for specialty polymers is increasing. PEI is expected to play a key role in this transition of plastics replacing metals in the automotive industry, which is expected to drive the market.

The leading players in the PEI market are SABIC (Saudi Arabia), RTP Company (US), Ensinger Plastics (Germany), Röchling Group (Germany), Kuraray Europe (Germany) Mitsubishi Chemical Advanced Materials (Japan), Solvay SA (Belgium), (Denmark), and Toray Industries (Japan).

Europe is estimated to be the largest market for natural fragrances

The natural fragrance market size is projected to reach USD 4.3 million by 2024 from USD 2.7 million in 2019, at a CAGR of 9.6%. Increasing use of natural fragrance ingredients in various applications such as fine fragrances, personal care & cosmetics, and household care is expected to drive the natural fragrance market. Europe is the key market for natural fragrances, globally, followed by North America and Europe.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254324409

Europe is the largest natural fragrances market and is expected to continue dominating the global market during the forecast period. Increased investments in the manufacturing industries primarily drive the market. Improving living standard has been driving the growth of the personal care & cosmetic industry, which is expected to drive the natural fragrances market.

The key market players profiled in the report include as Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (US), Symrise AG (Germany), Takasago International Corporation (Japan), Mane SA (France), Robertet SA (France), Sensient Technologies Corporation (US), T. Hasegawa Co., Ltd. (Japan), Bell Flavors & Fragrances (US).

Key Questions addressed by the study

1. What are the major developments impacting the market?
2. Where will all the developments take the industry in the mid to long term?
3. What are the upcoming products of natural fragrances?
4. What are the emerging applications of natural fragrances?
5. What are the major factors impacting market growth during the forecast period?

Rising demand for natural products and increased use of natural fragrances in various applications such as fine fragrances, personal care & cosmetics, and household care, are expected to drive the natural fragrances market. Additionally, rapid urbanization and industrialization in countries such as China, Japan, Brazil, and Argentina will increase the demand for various end-use products such as fine fragrances, personal care & cosmetics, and household care. This factor is estimated to drive the natural fragrance market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Everything You Need To Know About Cosmetic Pigments Market

Cosmetic Pigments Market by Composition (Organic, Inorganic), Type (Special Effect, Surface treated, Nano), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), and Region – Global Forecast to 2024″, MarketsandMarkets: The cosmetic pigments market is projected to grow from USD 698 million in 2019 and expected to reach USD 1,019 million by 2024, at a CAGR of 7.9%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179525453

Market Dynamics

Driver: Increasing demand for cosmetic pigments in cosmetic and personal care products

Cosmetic pigments possess characteristics such as bright and brilliant luster, shimmer, and shine. These pigments are colored, colorless, or fluorescent particulates. They can be organic or inorganic finely powdered solids. They are usually insoluble and are also chemically unaffected by the medium in which they are incorporated. They are used in a wide range of applications such as facial makeup, lip products, eye makeup, and nail products. The use of cosmetic pigments, especially pearlescent pigments, in facial makeup help cover blemishes and uneven skin tone. This has increased the demand for pearlescent pigments that are widely used in root makeup products.

Restraints: Stringent regulations pertaining to use of certain pigments

Cosmetic pigments manufacturers are required to follow stringent regulations regarding cosmetics products. There are different regulations regarding the specification of labeling, packaging, and the ingredients that are used in the manufacturing of the products. These regulations are especially stringent in Europe and North America. Other regions of the world are following the same trend due to the increasing health and environmental awareness. Owing to the strict regulations regarding the manufacturing of cosmetic pigments, the supply of these pigments is moderate. In addition, the approval process is time-consuming. All these factors restrain the growth of the cosmetic pigments market.

Opportunities: Consumer interest in environment-friendly and sustainably produced ingredients in cosmetic and personal care products

Several harmful chemicals are still being used as ingredients in makeup products. These chemicals may have an adverse effect on human health and can increase the risks of health hazard when several makeup products are used together. A combination of increased public interest and market trends in the cosmetics industry has led the cosmetics manufacturers to seek more natural and sustainable cosmetic emulsifiers.

Challenges: Maintaining quality of cosmetic pigments for mass market products

The cosmetic pigments market is growing due to the increasing demand for color cosmetic products. However, there are a few challenges faced by the market players. The biggest challenge that the cosmetic pigments manufacturers face is maintaining the quality of cosmetic pigments for mass-market products such as nail paints, lip colors, and eye makeup products.

APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. APAC is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.

The key players in the cosmetic pigments market include Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), BASF (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Shin-Etsu Chemicals (Japan) and Dow (US) are Leading Players in the Conformal Coating Market

The Conformal coatings market is estimated to be USD 977 million in 2020 and is expected to reach USD 1,265 million by 2025 at CAGR of 5.3%. Conformal coatings are a type of protective coatings of 25-75µm thickness which are applied to printed circuit boards (PCBs) and other electronic components to protect them from harsh environments such as dust, solvents, moisture, humidity, and high temperature. Conformal coatings increase the operational performance of PCBs assemblies by maintaining long-term surface insulation.

The leading players in the global conformal coatings market include Henkel (Germany), Chase Corporation (US), Illinois Tool Work (US), Electrolube (UK), Shin-Etsu Chemicals (Japan), Dow (US), HB Fuller (US). These players account for significant market shares. The companies adopted expansion and new product developments as key strategies to enhance growth in the market.

To know about the assumptions considered for the study download the pdf brochure

Shin-Etsu Chemical is one of the leading manufacturers and distributors of synthetic resin and other chemicals. The company operates through six business segments, namely PVC/Chlor-Alkali business, semiconductor silicon business, silicone business, electronics and functional materials business, specialty chemicals, and processing, trading & specialized services business. It offers conformal coatings under the silicone business segment. The company has a strong presence in over 20 countries and regions. In September 2018, Shin-Etsu decided to invest USD 1 billion in the facility for silicone business. The expansion will increase the production capacity of various silicone fluids, resins, monomers, intermediates and rubber end products at the bases in Japan and globally.
Dow is one of the largest chemical manufacturing and distributing companies in the world.  The DowDuPont company has been organized into three operating segments namely performance materials & coatings, industrial intermediates & infrastructure and packaging & specialty plastics. It offers conformal coatings under the performance materials & coatings segment. The company has an extensive global presence with 109 manufacturing plants in 31 countries across the Americas, APAC, Europe and Middle & Africa. In February 2020, Dow introduced DOWSIL CC-820 UV and Moisture Dual-Core Conformal Coating at the IPC APEX EXPO 2020. This is the first solventless silicone conformal coating which has a moisture dual-core system for high throughputs. The new product promotes sustainability, health and safety.

Read More: https://www.marketsandmarkets.com/PressReleases/pcb-coatings.asp

Leading Market Players – Propylene Glycol Market

The propylene glycol market size is projected to reach USD 4.7 billion by 2024 from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing demand for propylene glycol in countries such as China, India, Japan, and South Korea from the transportation, building & construction, food & beverage, pharmaceuticals, and cosmetics & personal care industries is expected to fuel the growth of the market. The market is evolving, with major players playing a crucial role in the development of new and advanced products.

The Dow Chemical Company (US), LyondellBasell Industries N.V. (Netherlands), and Archer Daniels Midland Co. (US) are the major players in this market.

To know about the assumptions considered for the study download the pdf brochure

The Dow Chemical Company (US) is focused on partnerships to meet the growing demand in the market. In October 2019, the Dow and Evonik entered into an exclusive technology partnership. They are plan to bring a unique method (HYPROSYN) for directly synthesizing propylene glycol from propylene and hydrogen peroxide. Over 100 Evonik employees worked for years to develop this method. The key element is a novel catalytic system developed by Evonik researchers, which allows direct synthesis of propylene glycol from propylene and hydrogen peroxide in a process offering high yield and comparatively low energy consumption.

LyondellBasell Industries N.V. (Netherlands) focuses on expansion to strengthen its market position in the propylene glycol market. In August 2018, the company announced to build the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. The $2.4-B project represents the single-largest capital investment in the company’s history. The plant will start in 2021; the facility will be able to produce 470,000 tpy of PO and 1 MMtpy of TBA per anum.

Archer Daniels Midland Co. (US) is focused on partnerships to meet the growing demand for propylene glycol. In January 2018, the company and Pacific Northwest National Laboratory (PNNL) entered into a partnership to produce bio-based propylene glycol. As a result of the collaborative research between PNNL and ADM, the company now has a full-scale production facility at its manufacturing plant in Decatur, Illinois. The facility employs 140 people and can produce 100,000 metric tons of propylene glycol from renewable sources per year. ADM uses or sells this bio-based product for use in deicers, cosmetics, pet food, and pharmaceuticals, among others.

APAC is expected to account for the largest share of the global plastic antioxidants market

The APAC region led the plastic antioxidants market in 2019, in terms of value. The increasing population in the region and the increased expenditure in the construction sector in emerging markets of China, India, and Indonesia are some of the major factors projected to drive the demand for plastics in the region. This increased demand is expected to consequently drive the growth of the market in the region. Furthermore, improved lifestyle, increase in employment rate, rise in disposable income of the people, and increase in foreign investments in various sectors of the economy are some of the factors that make APAC an attractive market for plastic antioxidants manufacturers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106598592

The key market players profiled in the report include as BASF (Germany), SONGWON (South Korea), Adeka Corporation (Japan), SI Group (US), Clariant (Switzerland), Solvay (Belgium), Sumitomo Chemical (Japan), Dover Chemical Corporation (US), Everspring Chemical Co., Ltd. (Taiwan), and 3V Sigma S.P.A. (US).



The global plastic antioxidants market size is projected to reach USD 2.8 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 5.0%. The growth of the market is driven by the replacement of conventional materials by plastics in various industries and the increasing disposable income and rapid urbanization in emerging countries.

The acrylonitrile butadiene styrene (ABS) polymer resin segment is projected to witness the highest growth between 2019 and 2024. The growth of this segment can be attributed to the increasing demand and manufacturing of ABS in APAC, especially in China. Its durable and robust nature drives its demand in various industries, such as home appliances, electrical & electronics, and automobiles.

The phenolic antioxidants segment was the largest segment in the overall market

Phenolic antioxidant was the largest segment in the plastic antioxidants industry, in terms of both value and volume, in 2019. Phenolic antioxidants are radical scavengers and protect plastics against thermal and oxidative degradation. These antioxidants have the ability to interrupt the overall oxidation process, due to which, they are widely used in polyethylene and polypropylene polymer resins.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst