Increasing income and changing lifestyle driving the market growth of Cosmetic Pigments Market

The rise in GDP of emerging economies such as China, India, and Brazil is improving the standard of living in these countries. With the increased income level and changing lifestyle due to urbanization, the demand for cosmetic and personal care products is witnessing significant growth.

The newer generation is experiencing changing standard of living, which is creating a huge demand for cosmetic pigments. Increasing the financial independence of women has resulted in increased disposable income. This has resulted in a shift in the purchasing pattern of women. There is a growing inclination towards color cosmetic products as increasing disposable income has raised affordability. Change in lifestyle of rural population coupled with the influence of western culture is also propelling the growth of the cosmetic pigments market globally.

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The cosmetic pigments market size estimated at USD 645 million in 2021 and is projected to reach USD 960 million by 2026, growing at a CAGR of 8.3%. The high growth of niche applications consuming cosmetic pigments across the world, coupled with the efficient and superior properties of cosmetic pigments, is driving the market.

High economic growth rate and growing facial makeup application in China, Japan, and India are projected to lead the cosmetic pigments market in Asia Pacific

Asia Pacific 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 Asia Pacific the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. Asia Pacific 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), 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.

Sun Chemical (US) is a member of the DIC group that manufactures and supplies printing inks, coatings & supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. The company is involved in providing quality pigments at competitive prices for the cosmetic industry. The company is focusing on organic growth strategy by innovating new products to increase its portfolio, which helps in enhancing the presence of the company in various fields to gain a competitive advantage over other companies. For instance, in February 2019, the company introduced its new SpectraFlex illusion pigments for soft-focus effects. SpectraFlex Illusion soft-focus effect pigments are used in daily wear makeup primers to help optically blur fine lines and other imperfections.

Sensient Cosmetic Technologies (France) is a unit of Sensient Technologies Corporation, which is a global manufacturer and marketer of flavors & fragrances, colors, cosmetic & pharmaceutical systems, specialty inks & colors, inkjet, and other specialty chemicals. Sensient Cosmetic Technologies is a leading producer and supplier of high-performance colorants and innovative ingredients for makeup, skincare, haircare, personal hygiene, oral care, and fragrance. The company offers a wide range of pearls that are used in manufacturing many cosmetic formulations. All its pigments are either Cosmos grade or Ecocert grade certified.

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Europe projected to account for the largest share of the fire-resistant coatings market

The fire-resistant coatings market was USD 933 million in 2020 and is projected to reach USD 1,106 million by 2025, at a CAGR of 3.5% from 2020. Increasing awareness and emphasis on safety measures and preference for lightweight materials, which require additional protection, are expected to drive the market. The stringent regulations and norms are also supporting market growth, as the newly constructed buildings and manufacturing plants need to meet the required safety and fire resistance standards. Increasing urbanization and the growing building & construction industry are expected to provide growth opportunities in the market during the forecast period. The use of low-cost cementitious coatings in developing countries and in dry environments is expected to support market growth.

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The growth of the fire-resistant coatings market in this region is mainly attributed to stringent government regulations, an industrial initiative for sustainable development, and a strong emphasis on protection against fire. Moreover, the practice of constructing green buildings and adopting green coatings offers many opportunities for the growth of the market in the region. The European market is mainly dominated by the EU-5 countries, especially Germany and the UK.

According to Eurostat, the overall construction industry and building construction output growth in Europe (EU-28) was 2.6% and 2.4% in 2019. Due to the COVID-19 pandemic, several construction projects, including residential, commercial, and industrial expansion projects in the European countries, have been suspended or postponed, which has resulted in a nearly double-digit decline in the construction material demand in Q2-2020. Also, due to lockdown across the globe, aviation, as well as MRO services, are severely impacted, and the recovery of the aviation industry is expected to take two-three years. Thus, the demand for fire-resistant coatings is significantly impacted in 2020.

The leading players in the fire-resistant coatings market include AkzoNobel (Netherlands), PPG (US), Jotun (Norway), Sherwin-Williams (US), and Hempel (Denmark). The key industry players are adopting strategies to expand their presence and enhance their product portfolio through investments in R&D. For example, in 2017, Hempel invested in an R&D center solely for fire-resistant coatings in Spain. This expansion will help the company comply with the ever-changing demand from the construction industry and develop high efficacy products.

The COVID-19 pandemic has severely impacted North American and European countries. As a preventive measure, construction and industrial activities have been suspended. Several construction projects across the globe have been suspended, which has resulted in a decline in demand for fire-resistant coatings. Also, the disruption in the supply chain has been a major issue faced by the paints and coatings industry, which is expected to lead to a rise in the price of raw materials and other products.

Companies have initiated the following developments:

• In May 2020, Hempel A/s has begun the construction of a new factory in Yantai Chemical Industrial Park, China. The plant will have a production capacity of more than 100,000 tons per year and will be inaugurated by 2021.
• In December 2019, The Sherwin-Williams Company announced the opening of a new 4,200-square-feet store in Alexandria Bay, New York, US.
• In July 2019, The Sherwin-Williams Company opened a new store in Florida, US.
• In September 2020, Etex Group had acquired the UK-based passive fire protection company named FSi Limited, having a production facility in Measham, East Midlands, and a distribution center in London.

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Emerging applications in pharmaceutical & healthcare industries drives the Market growth of Silane Coupling Agents

The global silane coupling agents market size is estimated to grow from USD 1.2 billion in 2021 to USD 1.6 billion by 2026, at a CAGR of 5.5% during the forecast period. The driving factors for the silane coupling agents market is increasing penetration of silane coupling agents in the automotive & transportation, building & construction industry, energy & chemical segment, and electrical & electronics industry in the emerging economies, such as India, China, and the Middle-East, Thailand, Indonesia, Brazil, and Argentina.

Emerging applications in the pharmaceutical and healthcare industries are expected to create new opportunities for silane coupling agent manufacturers. Silane coupling agents are widely used in dental fields. One of the most important aspects in the field of dentistry is adhesion. Adhesion can be enhanced through different mechanisms, most commonly by chemical and mechanical modifications of dental material surfaces. Chemical adhesion utilizes primers or bonding agents containing coupling agents. Universal primers which are (mainly organophosphate-based monomers) and silane coupling agents are the most effective and most widely used for unifying dissimilar materials.

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Other than improving adhesion, silanes have many other applications in dentistry. They have been found also to enhance the mechanical properties of materials either by adhesion or by becoming a constituent of dental materials itself. Modern-day dental resin composites are composed of resin matrix, free radical initiator, inhibitor, filler particles (lithium aluminosilicate, silica, or boron silicate), and silane coupling agents. Silane coupling agent is used to ensure durable bonding between the filler particles and the resin matrix. Development of new silane coupling agents, their optimization, and surface treatment methods are in progress to address the long-term resin bond durability. This development in turn will increase the consumption of silane coupling agents in the future. Development of next-generation antibiotics will also increase the need for silane coupling agents by pharmaceutical manufacturers.

APAC accounted for the largest share of the Silane coupling agents market in 2020. The market in the region is growing because of increased foreign investments because of cheap labor and availability of raw materials. The APAC silane coupling agents market has been growing rapidly over the past few years with the rising income level of the middle-class population and increasing government investments, especially in the automotive & transportation and building & construction sectors.

Silane coupling agents is a diversified and competitive market with a large number of global players and few regional and local players. Dow (US), Wacker Chemie AG (Germany), Evonik Industries (Germany), Momentive (US), Shin-Etsu Chemical Co. Ltd. (Japan), are some of the key players in the market.

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Increasing adoption of lithium-ion batteries in new applications

The market size of lithium-ion battery anode is estimated at USD 8.4 billion in 2021 and projected to reach USD 21.0 billion by 2026, growing at a CAGR of 19.9%. The growing demand for electric vehicles along with high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent players in the lithium-ion battery anode industry are further fueling the lithium-ion battery anode industry growth across the globe.

An energy storage device is defined as an apparatus used for storing electric energy. The concept of energy storage technology is quite new but is gaining acceptance. To counteract global warming, energy storage devices are increasingly used in hybrid automobile systems and renewable energy generation. lithium-ion batteries have proven to be suitable for large-capacity energy storage systems. These batteries are designed for superior performance with high power output in various applications. For instance, data centers use UPS, which provides power to a load in emergencies when the main power fails. Larger battery capacity requires more anode materials, therefore, providing better demand opportunities for the lithium-ion battery anode materials

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The automotive end-use industry is expected to be one of the major segments for lithium-ion battery anode market. Battery-driven vehicles such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of lithium-ion batteries. There is increasing competition between battery models installed in EVs owing to the need for operational excellence. Increasing adoption and awareness of EVs supports the growth of the lithium-ion battery market which in turn enhances the demand for lithium-ion battery anode.

Based on the region, the lithium-ion battery anode market has been segmented into Asia Pacific, Europe, and North America. Asia Pacific is estimated to be the largest market for lithium-ion battery anode, which accounted for the largest share, in terms of value and volume, in 2020. The lithium-ion battery anode market in Asia Pacific is segmented into China, Japan, Australia, South Korea, and Thailand. The lithium-ion battery anode industry in Asia Pacific is growing at a significant pace due to high demand for lithium-ion batteries for industrial applications along with the innovation and technology advances in lithium-ion battery anode materials.

Europe is the second-largest consumer of lithium-ion battery anode and accounted for a share of 6.1% of the global market, in terms of value, in 2020. The region is home to some of the largest battery manufacturers, such as Saft (France) and FIAMM (Italy). Batteries have major applications as clean, sustainable, and compact sources of power in automotive. The region is witnessing significant growth in the demand for EVs which is largely dependent on government incentives and funds. Growth in demand for electric vehicle has increased the demand for lithium-ion battery anode which in return has fueled the demand for lithium-ion battery anode in the region.

The key players in the lithium-ion battery anode market include Showa Denko Materials (Japan), JFE Chemical Corporation (Japan), Kureha Corporation (Japan), SGL Carbon (Germany), Shanshan Technology (China), and POSCO CHEMICAL (South Korea). The lithium-ion battery anode market report analyzes the key growth strategies adopted by the leading market players between 2017 and 2021, which include expansions, investments, and mergers & acquisitions.

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Increased demand for frozen food and pharmaceutical industries driving the Market for Refrigeration Oil

The refrigeration oil market size is projected to reach USD 1.4 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 4.1%. This growth is primarily triggered by the increasing demand from the refrigerator & freezer, air conditioner, and automotive AC system applications. APAC is the largest refrigeration oil market due to a rise in the manufacturing of consumer appliances and automobiles. Furthermore, the changing lifestyle of consumer and rising income levels have led to higher demand for refrigerators & freezers and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators & freezers, fueling the growth of the refrigeration oil market.

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One of the major drivers for the refrigeration oil market is increase in the use of frozen food and pharmaceutical industries. These are the major users of refrigeration oils in the refrigerator & freezer application. Rising population and changing food habits drive the growth of packaged and ready-to-eat food products which are perishable and needs to be stored at low temperature. Also, the pharmaceutical industry also requires low-temperature conditions for the transportation and storage of drugs. The pharmaceutical industry is witnessing significant growth, especially in major emerging economies of APAC such as China and India. Therefore, the growth in the pharmaceutical industry is expected to drive the refrigeration oil market.

APAC is the largest market for refrigeration oil, followed by North America and Europe. APAC dominates the refrigeration oil market due to the rapid economic growth, particularly in the consumer goods and automobile industries in the region. The rapid urbanization in APAC, coupled with the improved living standard is driving the refrigeration oil market. The advantage of shifting production to the Asian region is that the cost of production is low here. Also, it is easier to serve the local emerging market. Also, due to the massive production and demand for consumer appliances and automobiles in countries such as China, Japan, India, and South Korea. This high growth is attributed to the growing manufacturing of consumer goods and automobile in the region.

The refrigeration oil industry got affected negatively by the pandemic. Owning to the pandemic situation, several countries around the world went into lockdown, to curb the spread of the virus. Due to this the supply and demand chain got disrupted affecting the market. The industries, manufacturing units and mining operations got on hold for the past two years due to the pandemic situation leading to the reduced sales in electronics and automotive.

The fluctuating price of raw materials used to make refrigeration oil and COVID-19 pandemic have hindered the growth of the refrigeration oil market. The companies on a brighter side are expecting the situations to get back to normal and the market to improve in the near future. The countries such as China, US, among the others are back on their feet continuing their regular work.

The key market players profiled in the report include Eneos Holdings Inc. (Japan), BASF SE (Germany), Idemitsu Kosan Co. Ltd (Japan), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Petroliam Nasional Berhad(Petronas), FUCHS Petrolub SE (Germany), Johnson Controls(Ireland) among others.

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COVID-19 impact on global bioplastics & biopolymers market

Bioplastics & biopolymers are used in various industries, such as packaging, consumer goods, automotive & transportation, textiles and agriculture & horticulture. However, due to the ongoing pandemic, the industries had been affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions had slowed the growth of the industry during the previous year. Due to the outbreak of the Covid-19 pandemic and its gradual spread, industries of essential needs, like getting foods and required supplies safely to the consumers are increasingly affected. The global impact has led to sharp reduction in demand for some types of packaging which are condemned as non-essential. On the other hand the demand for essential packaging such as e-commerce shipment has seen massive growth. These changes are presenting the packaging companies with new set of challenges. The affect of Covid-19 pandemic on the packaging industry will be mixed due to these reasons.

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The Covid-19 pandemic has affected the normal functioning of companies in the consumer goods sector. The successful marketing model has been impacted by the pandemic, which has furthered the proper functioning of business model. Due to the supply chain disruptions around the globe, 76% of the businesses had to reduce revenue targets by an average of 23%, as per Institute for Supply Management Research. The sector has mixed market feelings as some sectors such as household cleaning and frozen foods have seen increase in consumer demands whereas others have seen drop in sales and significant decrease in food traffic in retail stores. The companies had to become flexible with the change in consumer demand towards e-commerce. This as forced the entire consumer goods industry into digital age.

The automotive industry suffered largely due to the Covid-19 impact in 2020. However, the market has since rebounded during the previous months to show year-on-year growth in China, Europe and the US. However, in the long run, without the proper solution the demand is to remain moderate during the coming years. The industry also saw supply chain disruption in Chinese parts export, large scale manufacturing disruptions and closing of assembly plants

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The key players in this market are NatureWorks (US), 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).

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Growing trend of lightweight vehicles to drive market growth of Insulating Glass Windows

The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

With the increasing global concern on climate change and energy security, automobile manufacturers are facing increasing pressure to improve fuel efficiency on their fleet. Automobile manufacturers are turning to aluminum and composite materials as a building platform for vehicles. Both aluminum and composite materials are more expensive than steel. Therefore, the automobile industry are also looking at areas where they can use adhesive tapes instead of rivets and bolts to reduce costs. Structural adhesive tapes are engineered for multi-material bonding and joining and are the excellent adhesive solution for lightweight and high-performance designs.

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By sealant type, silicone segment is expected to lead the insulating glass window market during 2021 to 2026

Silicone sealants are widely used for glass bonding in insulating glass windows as they have the ability to bond materials together with enormous power or exceptional lightness and are designed for both permanent and temporary adhesion applications. Various properties of silicone, such as high elongation, high-temperature resistance, durability, and others are expected to drive this segment.

Middle East & Africa is projected to grow at the highest CAGR during the forecast period

Middle East & Africa region is projected to show positive growth, especially in the commercial construction industry, due to factors such as government initiatives (Saudi Arabia’s Vision 2030), increasing urbanization, and industrialization. Also, the Middle East & African insulating glass window market is projected to witness high growth till 2022, mainly because of the upcoming infrastructural projects such as Expo 2020 (UAE) and the 2022 FIFA World Cup (Qatar).

The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.

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APAC is the largest foam plastics market, globally

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 market size for Foam plastics is projected to grow from USD 51.6 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8%. Foam plastics are largely used in building & construction, packaging, and furniture & bedding. The polyurethane segment is estimated to account for the largest share of the overall market due to its properties such as low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties.

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APAC is the leading market for foam plastics. The growth in the region is fueled by the booming economies of China, India, Indonesia, and Vietnam. PU resin based foams are preferred choice in the building & construction industry in APAC. It is in high demand, as it is a low-cost material that provides low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. APAC is a rapidly developing region with growth opportunities for companies willing to invest in high-growth markets.

Foam plastics are used to make foams used in the building & construction industry for forging, doors, roof board, and slabs. PU is the dominant resin used in the building & construction industry for insulation. It has low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector. The COVID-19 pandemic has affected various end-use industries, and almost all divisions of the supply chain continue to be affected, which also includes the construction industry. According to the National Association of Home Builders (NAHB), US, the GDP growth rate during the first two quarters is expected to be negative. This decline can be compared to the aftermath of the global performance of the 2008 Great Recession. However, the fourth quarter of 2020 is expected to be a rebound period.

The key players profiled in the foam plastics market report are BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US), and Wanhua Chemical Group Co., Ltd. (China).

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