ArcelorMittal (Luxembourg) and Gerdau S.A. (Brazil) are the Key Players in the Steel Rebar Market

The global steel rebar market size is estimated to be USD 198.7 billion in 2020 and is projected to reach USD 246.3 billion by 2025, growing at a CAGR of 4.4% from 2020 to 2025. Increasing building & construction activities, especially in China, Japan, and India, the recovering construction sector in Europe, and rising non-residential construction activities in North America coupled with a shift in trend towards the use of enhanced grades of steel rebar is expected to drive the growth of the steel rebar market during the forecast period.

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.

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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 (UK), 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.) hold a potential share of the global steel rebar market.ArcelorMittal (Luxembourg) is the leading player in the steel rebar market, which has adopted organic & inorganic strategies to sustain its market position.

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

Gerdau S.A. (Brazil) is another major company in the steel rebar industry. It has adopted organic and inorganic strategies to sustain its position in the steel rebar market.
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.
In November 2018, Gerdau sold its assets, which included the sale of four rebar units and 33 rebar fabrication units in the United States to Commercial Metals Company (CMC) for USD 600 million. This divestment is in line with the company’s strategy of continued transformation and allows it an opportunity to increase its focus on the SBQ, structural, and merchant bar markets.

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Sodium persulfate is the fastest-growing type in the persulfate market

The global persulfate market size is estimated to grow from USD 730 million in 2020 to USD 861 million by 2025, at a CAGR of 3.4% from 2020 to 2025. Sodium persulfate is a strong oxidizing agent and is used extensively in polymers. Moreover, it is used as an etchant and cleaning agent in PCB manufacturing. It is the second most expensive chemical after ammonium persulfate. It is used as an initiator in manufacturing acrylonitrile butadiene styrene (ABS) and a substitute for ammonium persulfate in etching electronic substrates. Furthermore, it is one of the commonly used ingredients in cosmetic products. The growth of the cosmetics & personal care industry is expected to drive the demand for sodium persulfate globally during the forecast period.

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Persulfates are used for different functions across various end-use industries. They are used as oxidizers, free radical generators, and chain initiators in polymer manufacturing. In the electronics industry, they are used as a cleaning agent and as an etchant. Persulfates are also used in the formulations of skincare and hair care products in the cosmetics & personal care industry. Other uses include as a cleaning agent in soil remediation and as a viscosity breaker for hydraulic fracturing in the oil & gas industry.

Growth in the application areas mentioned above is expected to drive the consumption of persulfates in these end-use industries. However, with the ongoing COVID-19 outbreak, the end-use industries will be slowing down, except from some applications such as the gloves where latex polymer is used for manufacturing, polymer in food packaging and tissue papers. These slowing down of end-use industries will have an impact on the persulfate demand until 2021. China being the epicentre of COVUD-19 has also impacted the persulfates market as more the 70% of the persulfates production capacity is in China.

The persulfates industry in the Asia Pacific is projected to grow at the highest CAGR between 2020 and 2025, where China is the largest consumer. 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 the persulfates market research report include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan) and Fujian Zhanhua Chemical Company (China).

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Increased Demand for 3D Printing High Performance Plastic from Various End-Use Industries to Drive the Growth 0f the Market

3D printing technology is considered one of the important disruptive technologies of the present times. It is continuously expanding its base in various end-use industries such as aerospace & defense, medical & healthcare, transportation, oil & gas, and electrical & electronics. The increased use of 3D printing technology in these industries is expected to contribute toward the growing demand for 3D printing materials such as 3D printing high performance plastic. These materials are highly useful for producing complex and intricate parts since they withstand extreme temperature conditions . This is expected to increase the demand of 3D printing high performance plastic in the coming years, thereby leading to the growth of the 3D printing high performance plastic market.

Growing environmental concerns regarding disposal of 3D printing high performance plastic, skepticism regarding acceptance of 3D printing materials, interrupted supply chain, and reduced demand from end-use industries due to the COVID-19 pandemic are the major factors inhibiting the market growth. However, the demand for 3D printing high performance plastic would show recovery with the recovery in demand from end-use industries. The global 3D printing plastics market size is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, projecting a CAGR of 22.9% during the forecast period between 2020 and 2025.

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Companies operating in the 3D printing high performance plastic market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2015-2020. Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market. The companies such as Evonik Industries AG, Arkema S.A., Stratasys, Ltd. are focusing on developing innovative 3D printing materials finding novel applications in high end-use industries such as aerospace & defense, medical & healthcare, and others.

Recent Developments

1. In July 2020, Victrex, a global leader in high-performance PEEK and PAEK polymer solutions, launched VICTREX AM 200 Filament which has been specifically designed and optimized for additive manufacturing. The filament is PAEK-based and is in high demand for high-performance parts owing to its excellent mechanical properties..
2. In October 2019, Solvay Group introduced KetaSpire PEEK XT, the industry’s first true high-temperature PEEK. This innovative material provides the chemical resistance of standard PEEK plus with significantly higher stiffness and strength at elevated temperature. KetaSpire PEEK XT delivers the exceptional chemical resistance of PEEK along with higher glass transition temperature and higher melting temperature than standard PEEK.

North America held the largest share in 3D printing high performance plastic market and is projected to continue the similar trend over the projected period. Manufacturers of 3D printing materials in North America are putting efforts by undertaking new product launch, collaboration, and other strategies. For instance, in September 2018, Stratasys Ltd. signed a multi-year technical partnership with Team Penske (US). Team Penske will be using advanced materials, such as Carbon Fiber-filled Nylon 12, in additive manufacturing for advanced car testing, production parts, and prototypes. The partnership is aimed at innovating new materials in 3D printing to increase output and improve vehicle performance.

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Attractive Opportunities in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is expected to grow from to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period. The major factors driving the market are the focus of government on green procurement policies and regulations across the globe and increasing aftermarket for bioplastics & biopolymers.

The major players in the bioplastics & biopolymers market include 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). These players have adopted various growth strategies to expand their presence in the market further. New product launch, joint ventures, and investment & expansion have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global bioplastics & biopolymers market.

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NatureWorks is the largest player operating in the bioplastics & biopolymers market. The company has manufacturing facilities in North America and produces bioplastics & biopolymers for 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications for worldwide customers. The company has adopted new product launch and expansion strategies to broaden its product portfolio and maintain its position in the market.
In May 2019, the company developed a new Ingeo 3D450 for the formulation for use in dual extrusion 3D printers. The new formulation is produced to support materials that include complex industrial parts such as jigs and fixtures, patterns for investment metal casting, and architectural and retail models

Braskem is one of the largest producers of bioplastics & biopolymers in the world. The company has 41 manufacturing facilities worldwide. In recent years, Braskem has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including joint ventures and new product launches, to maintain its leading position in the bioplastics & biopolymers market.
In August 2019, Braskem and Ledesma (Argentina), manufacturer of natural agroindustrial products, have collaborated to deliver Ledesma + Bio, which is a line of 100% sustainable notebooks made entirely of sugarcane. Such initiatives are expected to cater to the needs of the bioplastics & biopolymers market.

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Europe is the largest phenolic panel market globally

 

Phenolic panels are used in the interior, exterior, furniture, and various other applications of end-use industries, such as construction, marine, aerospace & defense, and transportation, to name a few. The main purpose of these phenolic panels is to offer fire-resistance and moisture-resistance properties. For instance, phenolic panels are used in the exterior cladding, partitions, cubicles, and other applications to prevent fire accidents. The global phenolic panel market size was USD 1.7 billion in 2020 and is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.

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The phenolic panel market is segmented based on region into Europe, North America, APAC, MEA, and South America. Europe is the major consumer of phenolic panels owing to the high demand from the UK, Germany, and other European countries. The UK is the leading market in the region. Major applications of phenolic panels in the European market include building interior, aircraft interior, exterior cladding, furniture, and air conditioning duct panels, among others. The growth of the market is also attributed to the presence of established manufacturers and technological advancement related to the development of phenolic panel products.

Recent Developments

In April 2017, Kingspan Group added two new products to its Kooltherm K100 range; the K112 Framing Board and K107 Pitched Roof Board. These insulation boards deliver low U-values with minimal thickness.

In June 2019, Broadview Holding acquired Cincinnati-based Formica Group from Fletcher Building Ltd. This acquisition has helped Broadview Holding to increase its presence in Europe, North America, and Asia.

The key players in the global phenolic panel market are Kingspan Group (Ireland), Wilsonart LLC(US), Asahi Kasei Corporation (Japan), Fiberesin Industries Inc. (US), Broadview Holding B.V. (Netherlands), Fundermax GmbH (Austria), Bobrick Washroom Equipment, Inc. (US), Werzalit of America, Inc. (US), ASI Group (US), and General Partitions Mfg. Corp. (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the phenolic panel industry. The study includes an in-depth competitive analysis of these companies in the phenolic panel market, with their company profiles, recent developments, and key market strategies.

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Leading Key Players And Driving Factors of Foam Plastics Market

 

Foam plastics are resins used in manufacturing polymer foams, which are used in various end-use industries such as building & construction, furniture & bedding, packaging, and automotive among others. The foam plastics market is projected to grow from USD 51.6 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. APAC is the largest consumer of foam plastics. The overall growth of the market is triggered by the growth of major end-use industries of foam plastics and energy sustainability and energy conservation properties of foam plastics.

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Polyurethane resin segment is projected to be the largest segment of the foam plastics market

PU resin-based foam is available in a wide range of rigidity, hardness, and density levels. Low-density flexible resin-based foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens. PU foams are mainly used in furniture & bedding and building & construction sectors. It is produced by many leading manufacturers. PU resin-based foam is a good choice for insulation and helps in reducing CO2 emissions. It is a versatile substance in terms of its properties and is, therefore, suitable for use in the construction and automotive industries. As the construction industry is growing rapidly in APAC, PU resin plays a dominant role in the growth of the overall foam plastics market in the region.

Footwear, sports & recreational is the fastest-growing segment of the overall foam plastics market

The footwear, sports & recreational segment is projected to be the fastest-growing end-use industry of foam plastics. The properties offered by foam plastics in polymer foams, such as good thermoforming capacity and creep resistance, make it suitable for use in many sporting goods such as skis, hockey sticks, snowboards, surfboards, and racing bicycle wheels. Using foam plastics in sporting goods make the final products lightweight and durable with high mechanical properties

The key players operating in the market are BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US), and Wanhua Chemical Group Co., Ltd. (China). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, and partnership & agreement, to grow in the market. Investment & expansion was the key strategy adopted by the major players between 2016 and 2020. This strategy helped companies enhance their geographical presence.

BASF SE (Germany) is a diversified chemical company. The company has five business segments: Functional Materials & Solutions, Chemicals, Performance Products, Agricultural Solutions, and Others. The company operates through six integrated production sites and 390 other production sites in Europe. It has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. In March 2019, BASF enhanced its regional innovation capabilities with new facilities at the Innovation Campus Shanghai to further strengthen collaboration with the automotive industry and to offer new process catalysts to the chemical industry.

The Dow Chemical Company is a diversified, global manufacturer and supplier of products which are used primarily as raw materials in the manufacture of customer products and services. It operates through three business segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The company caters to numerous end-use industries such as appliances, automotive, agricultural, building and construction, chemical processing, electronic, furniture, houseware, oil & gas, packaging, paint, coating and adhesive, personal care, pharmaceutical, processed food, pulp & paper, textile and carpet, utilities, and water treatment.

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Check Out Why Ultra-High Molecular Weight Polyethylene Market Is Trending Nowadays ? (Worth $2.2 Billion By 2025)

In 2020, the ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4%. The major drivers for the market include increased demand for UHMW PE from the aerospace & defense industry and increased demand for orthopedic implants. However, the availability of substitute act as a challenge for the manufacturers and can hamper the market growth. Currently, there is a demand for flexible and ultra-lightweight fibers for armor and ballistic protection, which can offer high resistance to flex fatigue, vibration damping, and abrasion resistance in comparison to traditional fibers.

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Recent Developments
In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company’s production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.

Asia Pacific is expected to be the fastest-growing market, owing to the continuous investments for the advancement in the medical sector. UHMW PE is majorly being used in orthopedic plants because of its properties. The growth of the medical industry in Asia Pacific is one of the reasons leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The outbreak of COVID-19 has affected countries such as China, Japan, and India. China is the epicenter of this lethal disease. Companies are facing short-term operational issues due to supply chain constraints and lack of site access due to this outbreak.

• Leading Key Players –

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

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