Automotive industry is expected to witness the significant growth in Co-fired ceramics Market

Co-fired ceramics are finding increasing application in the automotive segment. This growing use of co-fired ceramic in the automotive industry is mainly due to the demand for high performance and compact electronic components. The co-fired ceramic is used in the form of LTCC and HTCC in various applications in the automotive industry. The co-fired ceramic is used widely in engine control units, transmission control units, electronic power steering, engine management system, antilock brake systems, airbag control modules, LEDs (automotive lighting), entertainment & navigation systems, pressure control modules, pressure sensor, radar modules, and various sensor modules in vehicles.

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The LTCC market and HTCC market is projected to grow from USD 916 million in 2019 to USD 1.1 billion by 2024, at a CAGR of 4.5 % between 2019 and 2024. The market is growing due to the high demand from the automotive, telecommunications, aerospace & defense, and medical end-use industries. Co-fired ceramic has good mechanical properties, such as excellent physical, chemical inactivity, hermicity, and high thermal stability properties.

The automotive end-use industry requires co-fired ceramics to have more functionality in electronic devices, electronic packaging solutions to be smaller, lighter, more complex, operate at higher frequencies, and accommodate more components per unit area. The thermal stability properties of co-fired ceramic help manufacturers in increasing the overall efficiency of automotive.

The Asia Pacific is one of the leading LTCC market and HTCC market. The region has a presence of major co-fired ceramic manufacturers who focus on the adoption of various business strategies to increase the production of co-fired ceramic and meet the growing demand from end users. For instance, KOA Corporation acquired VIA Electronic GmbH to extend its LTCC market and HTCC market in Japan, in June 2017.

Key Questions Addressed by the Report

1. Which process type is majorly used in co-fired ceramic?
2. Which material type is majorly used in co-fired ceramic?
3. Which largest and fastest-growing regional LTCC market and HTCC market?
4. What are the major strategies adopted by leading market players?

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

The polymer emulsion market is projected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, at a CAGR of 7.6%. The global polymer emulsion market is expected to be driven by various factors such as increasing demand from end-use industries, especially in the emerging economies. Stringent government regulations related to VOC emissions also drives the polymer emulsion market.

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Based on application, the polymer emulsion market is segmented into paints & coatings, adhesives & sealants, paper & paperboard, and others. The paints & coatings application segment is projected to lead the overall polymer emulsion market during the forecast period. Polymer emulsion is preferred for paints & coatings applications owing to their low VOC content. Moreover, polymer emulsion paints & coatings are not flammable, which reduces its storage & handling charges and fire insurance costs. The manufacturing process of polymer emulsion paints & coatings entails lower carbon footprint as they consume less energy. Other reasons contributing to the use of polymer emulsion paints & coatings are low cost of handling and post painting cleanup cost.

Acrylics are one of the most commonly used polymer emulsion, owing to their high durability and lack of VOC content. Furthermore, acrylics are used to prepare polymers with rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic properties. They are transparent, have resistance to breakage, provide excellent finish gloss, improved adhesion to non-porous surfaces, and good flow and stability.

Recent DevelopmentsIn March 2018, BASF SE (Germany) expanded its production facilities of Joncryl water-based emulsions at its Ludwigshafen site. This will strengthen the company’s position as a leading manufacturer of water-based resin and emulsion which are used in overprint varnishes, printing inks, as well as functional coatings for flexible packaging and paper & board applications.

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The APAC region is the largest consumer of polymer emulsion across the globe. Increasing infrastructure development, expansion in industrial & automotive sectors, strong economic growth, and increasing middle-class population are driving the demand for polymer emulsion in different applications. In APAC, countries such as China, Japan, and India are the largest consumers of polymer emulsion due to their increasing manufacturing output and rapid urbanization. The regulatory bodies and the regional governments have started addressing VOC emission issues with the help of stringent rules and regulations, which increases the demand for green products. This is also expected to fuel the demand for polymer emulsion.

Hydrogel Market growth is attribute to growing demand from personal care & hygiene and agriculture sector globally

The hydrogel market is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04%. The growth of the hydrogel market can be attributed to an increase in consumption of personal care & hygiene products in emerging economies and rise in the production facilities of hydrogels.

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Based on application, the agriculture segment is anticipated to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing agricultural activities in various regions, such as Asia Pacific, North America, Europe, and the Middle East & Africa. Moreover, the growing usage of hydrogels as a key material for farming, owing to its characteristics such as water holding ability, has contributed to the growth of the hydrogel market in agriculture.
The polyacrylate segment of the hydrogel market is anticipated to grow at the highest CAGR. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in the personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.

Target Audience:

• Raw Material Suppliers
• Logistics Partners
• Machinery Suppliers
• Regulatory Bodies
• Market Research and Consulting Firms

Asia Pacific accounted for the largest share of the hydrogel market. Among all countries in the Asia Pacific region, the hydrogel market in India is projected to grow at the highest CAGR. This market in North America is projected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in this region.


Key players operating in the hydrogel market include Johnson & Johnson (US), Cardinal Health (US), the 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua BioMedical (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the hydrogel market.

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Geomembranes Market and Its Key Opportunities and Challenges

The Geomembranes Market is expected to grow from USD 2.2 billion in 2016 to USD 3.4 billion by 2021, at a compound annual growth rate (CAGR) of 9.2% during the forecast period. The increasing environmental awareness and demand for freshwater resources are triggering the use of geomembranes in the water management application, thereby driving the market.

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Market Dynamics
Driver: Growing level of environmental awareness
Geomembranes can efficiently prevent the leakage of poisonous fluids, harmful gases, among other pollutants at an affordable cost, which reduces damage to the environment. It is widely used in various landfill sites all over the world, owing to its stability and safety during use on landfill sites.

Restraint: Fluctuating prices of raw materials
The primary raw material required to manufacture geomembranes are HDPE, LDPE/LLDPE, PVC, PP, EPDM, and others. The price and availability of the aforementioned raw materials are directly dependent on crude oil. The prices of materials such as polyethylene and propylene are very volatile, making the price of end products inconsistent.

Opportunity: Development of resilient geomembranes to sustain in harsh operational conditions
Geomembranes are vital products in protecting water from hazardous solid and liquid waste materials. These act as hydraulic barriers in the purification processes and also as a gas barrier, preventing air pollutants from escaping. They are used in the waste containment projects, landfills, leachate pads during mining, refineries, and many other applications.

Challenge: Dependency on government authorizatio
Geomembranes are mostly used in public projects such as mining, canals, reservoir, power plants, and others. These projects have involvement of various government organizations and some public-private partnerships (PPP). Such projects are highly prone to delays caused by slack in financial clearances, environmental approvals, and other approvals from the respective authorities.

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In 2015, North America was the leading geomembranes market. Geomembranes are used extensively in the waste management application in the region. Increased environmental awareness and initiatives related to environmental protection and the use of geomembranes for waste management have helped in the growth of the market. The US is the dominant market in North America.

The key players operating in the geomembranes market include GSE Environmental, LLC (US), Agru America, Inc. (US), Solmax International, Inc. (Canada), Atarfil SL (Spain), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A (Italy), Colorado Lining International, Inc. (US), Firestone Building Products Company, LLC (US), Plastika Kritis S.A. (Greece), and Carlisle SynTec Systems (US).

Plasticizers: The largest application of epoxidized soybean oil

Plasticizers are the colorless and odorless chemicals mainly phthalate esters, which are used to enhance the elasticity of polymers mainly polyvinyl chloride (PVC). Around more than 90% of plasticizers are used in production of PVC also known as vinyl. Plasticizers are also used in paints, rubber products, adhesives & sealants, printing inks and so on. Without the use of plasticizers in PVC applications, it will be rigid and can be used in limited applications such as wastewater pipelines.

The most commonly used phthalates are hexyl phthalate, dioctyl phthalate, and dibutyl phthalate. This in turn led the plasticizer producers to opt for renewable and safer products. Epoxidized Soybean Oil Market, being environmentally friendly plasticizer, has been considered as most preferred bio-based plasticizer over petrochemical-based plasticizer. Hence, Epoxidized Soybean Oil Market finds high growth opportunities in PVC stabilization process.

The global Epoxidized soybean oil (ESBO) market is projected to be valued at USD 691.7 million by 2026, at a CAGR of 10.70%. Further, the global demand for epoxidized soybean oil in the North American, Asia-Pacific, and European regions is growing due to stringent environmental regulations. Epoxidized soybean oil is preferred as against phthalate-free stabilizers in PVC applications, and hence ESBO is used widely as an additive in plasticizers.

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The North American region is the largest market in the global epoxidized soybean oil market, in terms of value, and this trend is expected to continue till 2026. Countries in this region such as U.S, Canada and Mexico are achieving symbolic increase in the use of epoxidized soybean oil in the plasticizer application industry. This growth is due to the easy availability of raw materials in large quantities and at lower costs, which is driving the demand for epoxidized soybean oil in this region. U.S is the largest market for epoxidized soybean oil and is projected to continue this trend till 2026.

Key Market Players
The epoxidized soybean oil supply chain includes raw material manufacturers such as Arkema SA (France), CHS INC. (U.S.), Ferro Corporation (U.S.), Galata Chemicals (U.S.), The Chemical Company (U.S.), Hairma chemicals (GZ) Ltd. (China), SHANDONG LONGKOU LONGDA CHEMICAL INDUSTRY CO., LTD (China), Guangzhou Xinjinlong Chemical Additives Co. Ltd. (China) among others.

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Asia-Pacific: The largest market for top 10 plastics

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%. 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.

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The Asia-Pacific region was the largest market for top 10 plastics, in terms of value and volume. 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.

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. Manufacturing of plastic containers and films that are used in the packaging of food, beverages, pharmaceuticals, and personal care products further contributes to making packaging the largest application of the market. 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.

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Increasing packaging industry leads to a growing demand for Bioplastics & Biopolymers Market

Bioplastics & Biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7%. The major factors driving the bioplastics & biopolymers industry include the focus of governments on green procurement policies and regulations and increasing use of bioplastics in the packaging end-use industry.

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Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have witnessed an increased demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service-ware.

APAC is the fastest-growing bioplastics & biopolymers market.
APAC is the fastest-growing market for bioplastics & biopolymers, globally. The major end-user industries of bioplastics & biopolymers are packaging, consumer goods, automotive & transportation, and agriculture & horticulture. Industrialization, growing population, and urbanization of APAC are boosting the bioplastics & biopolymers market.

The bioplastics & biopolymers market comprises major players such as NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), Arkema (France), Cardia Bioplastics (Australia), Futerro (Belgium), FKUR Kunstsoff (Germany), Green Dot Bioplastics (US), PTT MCC Biochem (Thailand), Succinity (Germany), Synbra Technology (Netherland), Tianan Biologic Materials (China), and Zhejiang Hisun Biomaterials (China).

Polybutadiene Market- Current Trends and Future Aspect Analysis 2024

The report “Polybutadiene Market by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical), and Region – Global Forecast to 2024″, The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The polybutadiene market is driven by tire, polymer modification, and industrial rubber manufacturing industries. However, the fluctuating raw material prices can hinder the growth of the market.

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Tire application accounts for largest market size during forecast period
The tire industry is expanding due to the growing automotive industry. It accounted for the largest share of the overall polybutadiene market. Furthermore, this segment is estimated to grow significantly during the forecast period. Polybutadiene is widely used in tire manufacturing due to its toughness, good abrasion resistance, cold resistance, high tensile strength, high resilience, tear resistance, and durability.

Recent Developments
In February 2019,SIBUR decided to launch an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voronezhsintezkauchuk). The project aims for a large-scale upgrade to boost operational efficiency of the existing facility and ensure production of consistently high quality of products. This project will enable SIBUR to produce quality products with improved operational efficiency.

ARALNXEO (Netherlands), UBE Industries Ltd (Japan), JSR Corporation (Japan), Kumho Petrochemical Co. Ltd (South Korea), Reliance Industries Ltd. (India), SABIC (Saudi Arabia), LG Chem Ltd (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd (Japan) are some of the major manufacturers of the polybutadiene market. The study includes in-depth competitive analysis of these key players in the polybutadiene market, with their company profiles, recent developments, and key market strategies.

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Attractive Opportunities In Steel Rebar Market

“Steel Rebar Market by Type (Deformed & Mild), Process (Basic Oxygen Steelmaking & Electric ARC Furnace), End-Use (Housing, Infrastructure, Industrial), Region (North America, EU, APAC, MEA, South America) – Global Forecast to 2025″ The global steel rebar market size is projected to grow from USD 198.7 billion in 2020 to reach USD 246.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The major drivers for the market include the increasing use of higher rebar products, the development of value-added products, capacity expansion by steelmakers all around the world, increasing population, and rapid urbanization. However, the current steel rebar industry is also plagued by the recent outbreak of COVID-19 and its impact on the global economy, which is expected to deter the demand for steel rebar during the forecast period

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Recent Developments

1. ArcelorMittal in January 2020, secured a supply contract of rebar for the construction of a new liquefied natural gas (LNG) terminal, located near Kuwait City.

2. In November 2019, Gerdau S.A. agreed to buy 96.4% of Siderúrgica Latino-Americana (Silat) shares from Spanish group Hierros Añón for USD 110.8 million. Silat is located in Caucaia, a city in the northeastern Brazilian state of Ceará, and has a capacity of 600,000 tonnes per year of long rolled steel. The company mainly produces rebar and wire rod. Silat was a close competitor of Gerdau in the rebar market, and with this acquisition, the company has cemented its market position in the rebar market.

The Asia Pacific steel rebar market is projected to grow at the highest CAGR between 2020 and 2025. Growth in this market is attributed mainly to the increasing steel rebar consumption in the construction industry coupled with large steelmaking capacities and consumption of steel rebar in countries such as China, India, Japan, and South Korea.

Increasing building & construction activities supported by a rapidly growing population, need for new residential housing, and major infrastructure investment projects announced in countries like China is expected to create future market avenues for steel rebar industries. In addition, strong policy initiatives such as the mandatory use of domestic steel in government infrastructural projects, shutting of environmentally hazardous blast furnace capacities and increasing use of electric furnace to produce steel rebar from scrap in China and National Steel Policy introduced in India to make the country self-sufficient in terms of steel production are some of the factors expected to support the growth of the domestic steel rebar market. However, currently, the world is facing a crisis related to the outbreak of coronavirus disease by which the world trade, travel, and even the domestic activities have come to a standstill. This is having a severe impact on the Chinese steel industry, which is home to 60% of the world’s steel rebar production.

Major market players covered in the report are ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), Nucor Corporation (U.S.), Sohar Steel LLC (Oman), Celsa Steel UK (U.K.), Ansteel Group (China), Hyundai Steel (South Korea), Kobe Steel, Ltd. (Japan), Jiangsu Shagang Group Co., Ltd. (China), JFE Steel Corporation (Japan), Commercial Metals Company (U.S.), Daido Steel (Japan), Barnes Reinforcing Industries (pty) Ltd (South Africa), Jindal Steel & Power Ltd. (India), Steel Dynamics, Inc. (U.S.), Outokumpu Oyj (Finland), Acerinox S.A. (Spain), Hyundai Steel Company (South Korea), Daido Steel Co., Ltd. (Japan), and Byer Steel Group Inc. (U.S.).

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Building & construction is projected to be the largest end user of epoxy adhesives

The building & construction industry accounted for the largest share of the overall epoxy ahdesives market, in terms of volume, followed by the automotive industry. The building & construction industry started using epoxy adhesives with the increasing usage of composites, plastics, and other higher strength metals. Growing urbanization is fueling the growth of the construction sector, which is driving the epoxy adhesives market.

The global epoxy adhesives market size is projected to grow from USD 7.2 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 6.0%. Increasing urbanization and growing usage of composites, plastics, and other higher strength metals in the construction industry is driving the global epoxy adhesives market. Epoxy adhesives offer the ability to adhere strongly, with exceptional mechanical & electrical insulating properties and chemical and heat resistance.

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Recent Developments
Henkel invested USD 39.4 billion in June 2019 and opened a new European hub for high-performing aerospace solutions in Spain. This expansion has helped to provide high-performance epoxy adhesive solutions for the constantly growing demand and concentrate on the key trends in the global aerospace industry such as light-weighting, fuel efficiency, and automation.
In April 2019, Henkel opened a new OEM application center in Connecticut to deliver innovative solutions and design customized applications, technologies, and production processes to better serve its customers.

The epoxy adhesives market in the APAC region is projected to grow at the highest CAGR. The building and construction industry is contributing to the growing demand for epoxy adhesives in the region.The region is witnessing rapid urbanization and there is increasing government and private-sector investments in infrastructure development. This will boost the building & construction industry in countries such as India and China, which will fuel the demand for epoxy adhesives in the APAC region during the forecast period.

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Key Market Leader – Furfural Market

The global furfural market size is projected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) of 4.9% between 2019 and 2024. Increasing demand from various end-use industries such as foundry, pharmaceutical, and textile is the primary factor driving the furfural market.

The key players in the furfural market are Transfuran Chemicals (Belgium), Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation (China), KRBL(India), Lenzing (Austria), Tanin (Slovenia), and Shandong Crownchem Industries (China).

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The market for furfural is dominated by China. The presence of large manufacturing capacities in the country has resulted in lower prices of furfural, thereby affecting the other players in the market. As a result, anti-dumping duties were levied on Chinese imports by the US. EU also had anti-dumping duties against Chinese imports, but it was later removed in 2012. Thailand is also one of the key exporters of furfural in APAC.

The study involves four major activities in estimating the current market size of furfural. Exhaustive secondary research was done to collect information related to the furfural market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Report Objectives
To define, describe, and forecast the market size of furfural, in terms of value and volume
To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
To analyze and forecast the market size on the basis of application and raw material
To forecast the market size of different segments with respect to four regions, namely, APAC, Europe, the Americas, and the Middle East and Africa.
To forecast the market size of different segments with respect to key countries of each region
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
To strategically profile the key players and comprehensively analyze their growth strategies

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UHMW PE’s application in the healthcare & medical, and other end-use industry drives the growth of UHMW PE market

The major end-use industries of the Ultra-High Molecular Weight Polyethylene market are aerospace, defense, & shipping, healthcare & medical, mechanical equipment and others, which include sports & lifestyle and electronics industries. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatible, wear resistance, and electric insulation resistance.

Increasing demand of UHMWPE by the healthcare & medical industry is expected to drive the market across regions. North America is estimated to lead the global UHMW PE market in 2016. The Asia-Pacific UHMWPE market is projected to grow at the highest CAGR from 2016 to 2026, owing to the increasing demand for medical devices from countries, such as China, Japan, and India.

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Healthcare & Medical
The healthcare & medical segment is projected to contribute the largest share in the consumption of UHMWPE worldwide, during the forecast period. Due to properties such as, low absorption and self-lubrication, fatigue resistance, yield strength, and high elastic modulus, manufacturers prefer UHMWPE over other polymers. UHMWPE has excellent chemical resistance, excellent dielectric & electrical insulating properties, and superior sound dampening characteristics, owing to which it is increasingly used in orthopedic industry.

Aerospace, Defense, and Shipping

UHMWPE is widely used in various applications in the aerospace, defense, and shipping industries. Features such as light weight, thermal insulation, noise reduction, resistance to fatigue, resistance to wear, fuel resistance, de-icing, fluid resistance, electrostatic dissipation, low friction, and chemical resistance makes UHMWPE ideal for use in these industries. In aerospace, it is used in interior design (tray tables, windows, canopies, arm rests, valve seats), exterior structures, propulsion equipment, and so on. It is also used as a base material to shield cosmic radiation in the aerospace application.

Mechanical Equipment

UHMWPE is widely used for machining processes in various industries such as textiles, paper & pulp, foods & beverages, iron & steel, bottling, power, railcars, cement, chemical, minerals & metals, farm machinery, unit material handling, parcel handling, conveyor equipment, distribution centers, and so on. UHMWPE helps to enhance surface lubricity which leads to the free movement of machine components and reduces jamming from dirt, grit, or static build-up.

The most common applications of UHMWPE in mechanical equipment include belt skirting, chute liners, hopper liners, transfer plates, under belt wear strips, guide rollers, diverter bars, dead plates, hitch plates, belt scarpers, bunker liners, cyclones, dragline buckets, pug mill paddles, vibratory feeder liners, vibrator bin discharges, surge bin liners, silo liners, screw conveyor liners, off road truck beds, dust collection hopper liners, and conveying components such as bearings, belt guides, chain guides, curves, guide rails, and wear strips.

Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), 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) are some of the key players in the global UHMW PE market.

PeroxyChem (US) and United Initiators (Germany) are the Leading Players in the Persulfates Market

The global persulfates market size was USD 730 million in 2020 and is projected to reach USD 861 million by 2025, at a CAGR of 3.4% between 2020 and 2025. APAC accounted for the largest share of the persulfates industry globally. Persulfates, due to its oxidizing properties, are widely used in various end-use industries, such as electronics, polymer, water treatment, cosmetics & personal care, and pulp, paper & textiles. There are three main types of persulfates: ammonium, potassium, and sodium. All three persulfates can be used as a substitute for each other.

Persulfates are used in end-use industries such as a polymer, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, oil & gas, and soil remediation, among others. The increasing capacity additions by polymer manufacturing companies in the recent past have increased the use of persulfates, which are used as an initiator during the polymerization reaction. However, there has been a plastic demand setback due to lower consumption in China. The demand for persulfates in these end-use industries is projected to grow at a relatively slow rate in the coming years due to economic slowdown and the impact of COVID-19. For the impact of COVID-19 will be seen for the FY-2019-2020 and 2020-2021 as the growth of the persulfates for these years will be slowed down. China is the largest producer and exporter of persulfates in the world, and COVID-19 has resulted in a temporary closure of manufacturing plants in China.

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The leading players in the persulfates market include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim –Kimya (Turkey), Adeka Corporation (Japan), and Fujian Zhanhua Chemical Company (China). These market players account for a large share of the market.

PeroxyChem is a global producer of specialty chemicals, focusing on peroxygen chemistry and its related technologies. It is also the only manufacturer of persulfate in North America. Evonik Industries completed its acquisition for USD 640 million in February 2020. PeroxyChem’s three principal chemistries include hydrogen peroxide, peracetic acid, and persulfates. The company is also one of the largest global manufacturers. PeroxyChem has launched its new product in the Klozur Series– Klozur One, an activated sodium persulfate. This has enhanced the product portfolio of the company and is expected to be advantageous for use in in-situ chemical oxidation (ISCO), which is used for soil remediation.

United Initiators is one of the leading manufacturers of organic peroxides and persulfates. The company has a strong presence in Europe, North America, and Asia Pacific. It caters to the demand for persulfates from end-use industries such as cosmetics, electronics, disinfectants, building & construction, textile, metal treatment, oil & gas, pulp & paper, and pool & spa. The Degussa-Aj (Shanghai) Initiators, one of the top persulfate manufacturers from China, is a subsidiary of United Initiators. The company has entered in a joint venture with VR Persulfates in 2018 for manufacturing persulfate. The manufacturing plant of VR Persulfates is in Ahmedabad, India. In 2019, the company opened a new plant with 10 KT annual production capacity of sodium persulfates in Huaibei, China.

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