Top Market Leader in Oxygen-Free Copper Market

The oxygen-free copper market is projected to grow from USD 19.9 billion in 2020 to USD 25.9 billion by 2025, at a CAGR of 5.3% during the forecast period. Increasing demand for oxygen-free copper from the electronics & electrical end-use industry, especially in the Asia Pacific region, is expected to drive the demand for oxygen-free copper in the near future. The electronics & electrical end-use industry is estimated to account for an 76% share of the oxygen-free copper market, in terms of value, in 2019.

The oxygen-free copper market is dominated by major players such as KGHM Polska Miedz SA (Poland), Hitachi Metals Neomaterials Ltd. (Japan), Zhejiang Libo Holding Group (China), Mitsubishi Materials Corporation (Japan), Metrod Holdings Berhad (Malaysia), Aviva Metals (US), KME Germany GmbH (Germany), and Sam Dong (South Korea). These players have adopted growth strategies, such as acquisitions and expansions to further expand their presence in the global oxygen-free copper market. Aqcuisitions were the most dominating strategy adopted by major players from 2017 to 2020, which helped them to expand their global presence and broaden their customer base.

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KGHM Polska Miedz SA is a Poland-based company engaged in mining and production of copper and other precious metals. The company operates through various sites under the divisions, such as mining & enrichment, smelting & refining, and downstream processing. Through these divisions, the company manufactures products, such as copper, precious metals, molybdenum, and rhenium. Under the copper product segment, the company provides cathodes, wire rod, Cu- OFE wire, Cu-Ag wire, round billets, and granules. It manufactures oxygen-free copper in Cedynia plant using the UPCAST technology. It exports its products to Germany, the UK, France, China, and the Czech Republic, among other countries. The company has mining and enrichment facilities in Poland, Chile, Canada, and US. Its metallurgy, refinery and processing plants are all located in Poland. The company also has an office located in China to cater to the demands from the region. KGHM is one of the key players among those controlling the world’s copper reserves. The company’s share is estimated at 41.8 million tons (38 million tonnes) of copper in 2020.

Neomax Materials Co., Ltd., a predecessor of the company, was founded in 1943 as the Suita branch of Sumitomo Metal Industries, Ltd. Owing to a series of mergers—with Toyo Seihaku Co., Ltd. in October 2015 and Hitachi Metals Nanotech Co., Ltd. in April 2016—the corporate name was changed to Hitachi Metals Neomaterial, Ltd. in 2016. The company also merged with SH Copper Products Co., Ltd. in April 2018. Hitachi Metals Neomaterial, Ltd. has expanded and evolved, integrating the technologies and diverse cultures of each of these companies. It has six production bases and five marketing and sales bases across Japan. The company’s metal materials play a vital role in a wide variety of fields, including home appliances, electronics, automobiles, batteries, and medical equipment. It has an integrated system of production that is one of the most advanced production systems in Japan, covering everything from the melting of metals to rolling, plating, and finish processing, according to customer requests.

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3D Printing High Performance Plastic Market worth $202 million by 2025

The global 3D printing high performance plastic market is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a CAGR of 22.9% during the forecast period. Increasing demand from high end-use industries, growing novel application in tooling and proptotying, and government supportive activities to promote the usage of 3D printing materials is driving the growth of the market.

Browse 141 market data Tables and 53 Figures spread through 202 Pages and in-depth TOC on “3D Printing High Performance Plastic Market by Type (PA, PEI, PEEK & PEKK, Reinforced), Form (Filament and Pellet, Powder), Technology (FDM, SLS), Application, End-Use Industry, and Region – Global Forecast to 2025”
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Polyamide type comprise a major share in terms of value and volume.

Polyamide 3D printing high performance plastic have huge demand from wide end-use industries. Polyamide filaments are useful in several end-use industries ranging from automotive, medical, aerospace, dental, and electrical & electronics. It is available at affordable cost and can be given finishing in multiple ways, including dyed, smoothed spray-printed, and velvet finish making it highly suitable for multiple applications.

However, due to pandemic COVID-19, the demand for 3D printing high performance plastic witnessed sharp decline. Factory shutdown, reduced production capacities, and reduced demand from end-use industries has negatively impacted on the growth of the market. This demand would surge with stable economic conditions, uninterrupted supply chain, and growing demand for 3D printing high performance plastic along with innovation of application specific 3D printing material.

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FDM technology account for the largest market share in the global 3D printing high performance plastic market in terms of value and volume

FDM technology is well developed for 3D printing a wide variety of high performance plastics such as PEEK & PEKK, PPSU, and PEI. FDM is the most widely used technology across the world due to its inexpensive nature and excellent compatibility with high performance plastic materials. The technology is highly suitable with high performance plastics in the filament and pellet form and is trusted to produce strong and durable parts with complex geometries.

Functional part manufacturing application to grow at the fastest CAGR in the global 3D printing high performance plastic market in terms of value and volume

3D printing high performance plastics used in the Functional part manufacturing application is witnessing high growth across the globe. The superior properties of these plastics such as high-temperature performance, mechanical strength, and excellent chemical resistance are the key factors driving their usage. Various end-use industries, including transportation, healthcare, and aerospace & defense, are early adopters of 3D printing high performance plastics.

Medical & healthcare industry dominates the market in the global 3D printing high performance plastic market in terms of value and volume

The medical & healthcare industry led the 3D printing high performance plastic market. The industry is continuously looking to adopt breakthrough technologies and materials to cater to the medical requirements of humans. High compatibility of 3D printing high performance plastic such as polyamide has increased its application in making of medical devices, surgical equipment, prosthetics & implants, and tissue engineering products supporting the growth of the market.

North America to continue the similar growing trend in the 3D printing high performance plastic market during the forecast period

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.

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.. These players have taken different organic and inorganic developmental strategies over the past five years.

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Emerging Economies Offer Growth Opportunities to Asphalt Additives Market

Increased infrastructure spending in China, India, Malaysia, and Indonesia is one of the major factors contributing to the growth of the Asia Pacific asphalt additives market. The increase in government expenditure on infrastructure in the Asia Pacific region can be attributed to the increasing construction of roads and other public infrastructure development projects for improved transportation and enhanced connectivity between important economic centers in these countries.

The Indian government increased its expenditure for the construction of roads and bridges. According to India Brand Equity Foundation, the infrastructure sector has become one of the major focus areas for the Indian government. In the Union Budget 2020-21, the Indian government announced USD 13.14 billion for road and highways construction. Public-private partnerships and foreign investments in road pavement applications are major trends being observed in the economies of the Asia Pacific region, which are expected to drive the road construction market for the next 10 years.

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Since asphalt additives are used in road pavements, an increase in infrastructure development and road construction projects in the Asia Pacific region are expected to contribute to the growth of the asphalt additives market during the forecast period

The asphalt additive market is projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8%. Roads get damaged due to several factors such as wear & tear, moisture, hot/cold climate, and frost. This damage can be prevented with asphalt additives, as they help increase the durability of pavements by preventing cracking and rutting which leads to an increase in the demand for asphalt additives.

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Ingevity Corporation(US), and BASF SE (Germany) are some of the leading players operating in the asphalt additive market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaboration to enhance their position in the market.

Recent Developments

• In June 2020, BASE SE launched a bitumen additive B2Last that binds components in the bitumen to form a strong yet elastic polymer grid. This helps extend the road lifespan and durability.
• In April 2019, Nouryon launched Wetfix G400, which is a versatile non-amine adhesion promoter derived from renewable resources. Wetfix G400 is a solution that is compatible with polyphosphoric acid (PPA) modified binders and works with all types of aggregates.

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Ampacet Corporation (US) and PolyOne Corporation are Leading Players in the Black Masterbatches Market

The black masterbatches market is projected to reach USD 3.0 billion by 2026, at a CAGR of 4.4 % from USD 2.4 billion in 2021.

This growth is mainly supported by the increasing need for innovative and attractive plastic products from the packaging industry. Most of the polymer manufacturers have switched the processing method of plastics from compounding to masterbatch. This process is cost-effective and saves processing time as compared to compounded materials. American and European black masterbatch manufacturers are focusing on expanding their manufacturing facilities in emerging economies owing to cost-effective labor, low setup cost, tax benefits, and high demand for black masterbatch.

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Key players in this market are LyondellBasell (US), Avient Corporation (US), Ampacet Corporation (US), Cabot Corporation (US), Plastika Kritis S.A. (Greece), Plastiblends India Ltd. (India), Hubron International (UK), Tosaf Group (Israel), and Penn Color, Inc. (US). The global and regional players have sizable shares in the black masterbatch market. The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally.

Players in the black masterbatches market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the black masterbatches market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Ampacet Corporation and Avient Corporation have adopted new product launches to enhance their market position.

PolyOne Corporation, one of the leading manufacturers of specialized polymer materials, acquired Clariant’s masterbatch division in July 2020. The company also changed its name and is now operating as Avient Corporation. In order to strengthen their product portfolio, the company is focusing on organic growth for meeting client’s requirements. The company mainly focused on expansion and new product launch to strengthen its product portfolio. It offers black masterbatch for applications such as packaging, consumer goods, automotive, agriculture, and textile. The company has a strong geographical presence, with operations in five regions, namely, APAC, Europe, North America, South America, and the Middle East & Africa, with more than 50 production plants.In September 2019, the company launched its new black masterbatch colorants—OnColor RC Environmental Black—obtained from the end-of-life tires. This is a sustainable alternative to virgin carbon black. In January 2018, the company expanded its specialty color and additives expertise with the acquisition of a Spanish company named IQAP Masterbatch.

Ampacet Corporation is one of the top players in the black masterbatch market. They have a wide range of black masterbatch products. Ampacet black masterbatch has an important role in markets such as agricultural firms and irrigation systems, packaging, electronics, textile, automotive, toys, and construction. The company also offers masterbatches in different segments like color, white, and additive. The company, through its distribution network, sells its products to approximately 90 countries. These products are manufactured at 24 facilities across 17 countries.

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NatureWorks (US) and Braskem (Brazil) are Leading Players in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is expected to grow from USD 10.7 billion in 2021 to reach USD 29.7 billion by 2026, at a CAGR of 22.7%.

The increasing demand for bioplastics & biopolymers material in various end-use segments coupled with stringent regulatory and sustainability mandates concerning healthcare safety is driving the market for bioplastics & biopolymers. Additionally, the growing industrial development in the emerging economies, such as APAC and South America along with the rising demand for bioplastics & biopolymers are also driving the market demand.

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The key players in this market are BASF (Germany), Mitsubishi Chemical Holding Corporation (Japan), NatureWorks (US), Total Corbion (Netherlands), Toray Industries (Japan), Novamont (Italy), Biotec (Germany), Biome Bioplastics (UK), Braskem (Brazil), and Plantic Technologies (Australia). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position.

For instance, in April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America. NatureWorks is jointly owned by PTT Global Chemical (Thailand) and Cargill (US). It manufactures biopolymers derived from renewable resources, such as corn, starch, and vegetable oils. It is among the leading advanced material companies and offers a broad portfolio of renewably sourced polymers and chemicals for the packaging and chemical industries. The company offers Ingeo Biopolymer, which is used in 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications. It also offers PLA-based biopolymer performance material designed for use in fresh food packaging and food service ware applications. NatureWorks operates in North America, Europe, and APAC, with manufacturing facilities in the US.

Braskem was founded in 2002, with the consolidation of six companies, namely, Copene, OPP, Trikem, Proppet, Nitrocarbono, and Polialden. The company operates in the chemical and petrochemical industry and thus, plays an important role in other production chains that are essential to economic development. The company produces polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propylene, butadiene, benzene, toluene, chlorine, soda, and solvents, among others. The company offers bioplastics through its biopolymers segment. Braskem is the first company that started to produce on a world scale unit BIO- PE which is made out of sugarcane. The company produces 16 million metric tons per year of thermoplastic resins and other chemical products. It exports the products to clients in approximately 100 countries and operates 41 industrial units, which are located in Brazil, the US, Germany, and Mexico as well as 16 regional offices in other countries to provide integrated solutions for clients. the latter in partnership with the Mexican company, Idesa.

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Top Market Leader - Chromatography Resin Market

Chromatography resins are utilized as stationary matrices with appropriate binding properties in the chromatography column. The different chromatography techniques are IEX, affinity, HIC, SEC, multimodal, and others. IEX and affinity captured the majority shares in the chromatography resin market in 2019. Pharmaceutical & biotechnology (production and academics & research), food & beverage, and water & environmental analysis are the major applications of chromatography resins.

The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, and growing demand for disposable pre-packed columns will act as an opportunity for the market. The demand for chromatography resins is the largest in the pharmaceutical & biotechnology application, driven by the increasing demand for therapeutic monoclonal antibodies. North America is the largest market for chromatography resins. The demand for chromatography is high in the region due to R&D activities, stringent purification standards, and the presence of large research-based biopharmaceutical companies.

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The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), and Repligen Corporation (US).

Players in the chromatography resin market are mainly concentrating on new product launches, acquisition, and expansions to meet the growing demand for chromatography resin for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the chromatography resin market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Repligen Corporation, Bio-Rad Laboratories, Inc., Tosoh Corporation, and GE Healthcare have adopted new product launches to enhance their market position.

Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen their product portfolio, the company is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies. This approach appears to be more sensitive than assays against a single immunoglobulin. Similarly, in October 2020, Repligen Corporation and Navigo Proteins GmbH announced their successful development of an affinity ligand targeting the spike protein to be utilized in the purification of COVID-19 vaccines.

The companies also adopted acquisition as a strategy to increase their share and market presence. For instance,

• In November 2020, Sartorius Stedim Biotech had successfully closed the acquisition of the Slovenian purification specialist BIA Separations.
• In April 2020, Sartorius Stedim Biotech successfully closed the acquisition of selected life science businesses of Danaher Corporation as part of a broader transaction between Danaher and Sartorius Group.
• In December 2020, Merck announced the broadening of its manufacturing footprint at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, USA. These sites supply essential products to customers developing lifesaving therapies, including Covid-19 vaccines, as well as furnishes products and services for biopharmaceutical manufacturing. These expansions will increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create approximately 700 new manufacturing positions.

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Daikin (Japan) and Halcor (Greece) are the Key Players in the HVAC Linesets Market

 

The global HVAC linesets market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 10.0% from USD 7.1 billion in 2021. Urbanization and increase in residential construction, growing trends of smart homes, increasing demand for air conditioners, and significant growth in number of data centers and their power density are driving the HVAC lineset market.

The increase in demand for HVAC systems and the growing industrial development in the emerging economies, such as APAC and South America, are also boosting the market. The key players in the HVAC lineset market include Daikin (Japan), Halcor (Greece), Hydro (Norway), KME SE (Italy), Mueller Streamline Co. (US), Cerro Flow Products LLC (US), JMF Company (US), Zhejiang Ice Loong Environmental Sci-Tech Co., Ltd (China), Feinrohren S.p.A. (Italy), DiversiTech Corporation (US), Foshan Shunde Lecong Hengxin Copper Tube Factory (China), Zhejiang Hailiang Co., Ltd. (China), Linesets Inc. (US), Cambridge-Lee Industries LLC (US), HMAX (US), ICool USA, Inc. (US), PDM US (US), MM Kembla (Australia), Mandev Tubes (India), Uniflow Copper Tubes (India), Kobelco & Materials Copper Tube Co., Ltd. (Japan), Mehta Tubes Limited (India), and Klima Industries (South Korea). These market leaders have adopted various organic as well as inorganic growth strategies between January 2015 and May 2021 to strengthen their position in the HVAC lineset market. The strategy of expansions was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for HVAC lineset in emerging economies

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Daikin is one of the leading players in air-conditioning and fluorochemicals businesses. It is engaged in manufacturing general air-conditioning equipment with in-house divisions covering both air conditioning and refrigerants. The company operates globally and provides its products in more than 150 countries. The company operates many R&D centers as well that are dedicated to innovations in the Air Conditioning business segments. The R&D centers of the company are located in 6 regions namely: the US, Japan, China, Asia/Oceania, and Europe. The company offers long line sets and Mini Split Line sets under the brand name of Daikin. These line sets are offered through onsite sales or through the channel of e-commerce such as e-Bay.

Halcor is amongst the leading manufacturers and suppliers of copper tubes in Europe. The company operates as a copper tubes division of ElvalHalcor, a joint venture established in December 2017, between Elval and Halcor. The copper segment of ElvalHalcor comprises four subsidiaries and two joint ventures, located in Greece, Belgium, Bulgaria, Romania and Turkey. The copper segment of ElvalHalcor develops and distributes a wide range of products, including copper and copper-alloy rolled and extruded products with Halcor being the sole producer of copper tubes in Greece. Halcor along with four more companies form the copper division of ElvalHalcor, is engaged in the production, processing and marketing of copper and copper alloys products. Halcor offers copper alloy and copper based products for application in various sectors, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production. Halcor has a commercial presence across European and global markets with its products being distributed in approximately 60 countries around the world.

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Increasing industrialization in developing economies drives the Corrosion Inhibitors Market

Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to boost industrial activities and increase the consumption of corrosion inhibitors during the forecast period. In 2018, countries such as China, the US, Australia, the UK, and France spent 5.57%, 0.52%, 1.69%, 0.92%, and 0.84% of their GDP in construction and maintenance of infrastructure, according to Statista. In 2020, China had scheduled USD 1.07 trillion as infrastructure spending, according to China Banking News.

According to the World Bank, emerging economies need to spend about 4.5% of GDP to achieve sustainable development. Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the next five years. The global spending on infrastructure is expected to reach USD 94 trillion by 2040, and an additional USD 3.4 trillion would be required to attain United Nations’ Sustainable Development Goals for electricity and water, according to Oxford Economics. Countries in APAC, including China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, will be the fastest-growing and account for nearly 50% of the global infrastructure spending by 2040, according to an Oxford Economics study. Due to the increasing consumption of industrial water in emerging economies, the opportunity is being created for manufacturers to offer a wide range of corrosion inhibitors to various specific applications in order to protect them from corrosion.

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The global corrosion inhibitors market size is projected to reach USD 10.1 billion by 2026 at a CAGR of 4.9% from 2021. The increasing demand for corrosion protection chemicals in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the environment is driving the market for corrosion inhibitors.

Water Treatment application will account for the major share of the corrosion inhibitor market, based on application in terms of value.

Water treatment accounted for 44.4% of the total corrosion inhibitor market in terms of application, in 2020. Corrosion can cause many concerns such as rusting of pipelines, equipment surfaces, and lowered efficiency of the equipment mainly in the industrial sector. Feed water use in various industries contains carbon dioxide which is corrosive to steel. If this carbon dioxide is left untreated, iron deposits on the boilers. These corrosion inhibitors are fed downstream of the deaerating equipment. It is volatilized and carried out with the steam after reacting with carbon dioxide. Corrosion inhibitors for boiler treatment include neutralizing and filming amines for condensate linings. Morpholine, cyclohexylamine, diethylethanolamine (DEAE), aminomethyl propanol, and aqua ammonia octadecylamine (ODA) are some of the common corrosion inhibitors used to protect boiler systems from corrosion.

The Middle East & Africa region is the second fastest-growing region for the corrosion inhibitor market, in terms of value.

The region has emerging markets, such as Saudi Arabia, the UAE, Iran, Kuwait, and South Africa. The region has established oil & gas and chemical & petrochemical industries due to the abundant availability of natural resources. The oil & gas industry in the region is growing at a steady pace due to rising exports and increased exploration of reserves. Huge investments, rising population, growing disposable income, and integration of production activities are likely to increase output in the form of fuel and feedstock and, in turn, drive the corrosion inhibitors market.

Major players operating in the global corrosion inhibitor market include Solenis (US), Nouryon (The Netherlands), Baker Hughes Company (US), Ecolab (US), BASF SE (Germany), SUEZ Water Technologies & Solutions (France), DOW Chemical Company (US), Lubrizol Corporation (US), Lanxess (Germany), and Henkel Corporation (Germany).

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COVID-19 Impact on the Global cosmetic pigments Market

The pandemic is estimated to have an impact on various factors of the value chain of the cosmetic pigments market, which is expected to reflect during the forecast period, especially in the year 2020 to 2021. The various impact of COVID-19 are as follows:

IMPACT ON COSMETIC PIGMENTS: The outbreak of the COVID-19 pandemic has resulted in the temporary shutdown of production plants and related activities in most of the major economies across the globe. Besides, it has slow down the growth of various sectors as most of the countries worldwide have resorted to nationwide lockdown as a measure to control the spread of the virus. This has resulted in disruptions in the global supply chains and consequently affected the growth of the cosmetic industry attributed to the shortage of raw materials and other inputs. Likewise, limited transportation, travel restrictions, and halt of manufacturing activities have hampered the growth of the cosmetic pigments market, and the purchase and usage patterns have changed drastically, which has reduced the sales of various beauty segments. In addition, some of the beauty companies, such as Clarins and Estée Lauder Companies Inc, have switched their manufacturing from beauty products to sanitizers. This has impacted the overall growth of the cosmetic industry, which ultimately has created challenges for the players operating in the cosmetic pigments market.

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The market size of cosmetic pigments is 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 global cosmetic pigments market is driven by the growing demand from color cosmetics and personal care applications. Increased need for product differentiation and growing awareness about the improved appearance of products are boosting the market.

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.

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Attractive Opportunities In Silane Coupling Agents Market

The global silane coupling agents market size is expected 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. Thedriving 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.

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Rubber & Plastics is expected to be the fastest-growing application in the Silane coupling agents market

Rubber & plastics is the fastest-growing application segment in the Silane coupling agents market. The growth in this segment is attributed to the growing use of coupling agents in tire manufacturing. The use of silane coupling agents makes tires strong and efficient. It accounted for a share of about 36.0% of the silane coupling agents market, in terms of value, in 2020.

APAC is expected to hold the largest market share in the global silane coupling agents market

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 demand for silane coupling agents in APAC is expected to increase in the next five years, due to many ongoing and upcoming building & construction projects, and industrial projects in Southeast Asian countries. High economic growth and heavy investments in these applications play a key role in driving the silane coupling agents market.

Dow (US), Wacker Chemie AG (Germany), Evonik Industries (Germany), Momentive (US), and Shin-Etsu Chemical Co. Ltd. (Japan), are the leading silane coupling agents manufacturers, globally.

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Increasing in demand for electric vehicles is driving the Lithium-Ion Battery Anode Market

The global lithium-ion battery anode market size is projected to grow from USD 8.4 billion in 2021 to USD 21.0 billion by 2026, at a CAGR of 19.9% from 2021 to 2026. 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.

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Lithium-ion batteries are a source of power for electric vehicles. The widespread use of battery EVs (BEVs) and plug-in hybrid EVs (PHEVs) has inevitably boosted the adoption of lithium-ion batteries and is expected to continue to do so in the future. This is driving the demand for lithium-ion battery anode, as it is one of the major components of the lithium-ion battery. The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles. The number of EVs is constantly increasing, owing to the development of improved technologies of batteries and less need to maintain the vehicle engine, reduced use of hazardous oil waste, and reduction in pollution caused by fuel combustion engines. EVs are perceived as the future of the automobile industry and transportation system; their increased adoption will eventually increase the demand for lithium-ion batteries.

The automotive end-use segment is projected to lead the global lithium-ion battery anode market

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.

Europe lithium-ion battery anode market is projected to grow at the highest CAGR

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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Innovation in product development has created opportunities for manufacturers in Refrigeration Oil Market

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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The current market demand is concentrated on refrigeration oil that are cost-effective and meet the minimum standards or regulations mandated in the region. With changing nature of applications, customers demand more functions apart from cooling. Customers are becoming more focused on multi-functional refrigerators & freezers, air conditioners and also for automotive. So the increasing demand for new and innovative electronics leads to technological and product innovation.

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) are the major players in this market.

Eneos Holdings Inc. engages in the development, production, and sale of petroleum, natural gas, and metals. The company operates through four business segments, namely, Energy, Metals, Oil, Natural gas E&P, and Others. The company operates its refrigeration oil business in Japan, China, and other among other countries.
On April 1, 2017, JX Group (Japan) and TonenGeneral Sekiyu K.K. Group (Japan) integrated their business and formed JXTG Holdings renamed as Eneos Holdings Inc. in June 2020.

BASF SE is one of the largest chemical producers in the world. It engages in manufacturing and selling a wide range of chemicals and intermediate solutions. The company offers various products including chemicals, additives, plastics, functional solutions, performance products, agricultural solutions, and crude oil. It operates through seven different business segments namely: Chemicals, Industrial solutions, Nutrition & care, Materials, Surface technologies, Agricultural solutions and others. The company has a presence in more than 60 countries of Europe, North America, APAC, South America, and the Middle East & Africa
In October 2020, BASF SE doubled the capacity of synthetic ester-based stocks in Jinshan, China which helps in production of refrigerant oils, lubricants and other oils and helps in boosting capacity of alkoxylate capacity

Idemitsu Kosan Co., Ltd. is a petroleum refining and manufacturing company. The company manufactures and sells petrochemical and oil products. The company operates through its subsidiaries in APAC, Europe, North America, South America, and the Middle East & Africa
In August 2020, Idemitsu Kosan Co. Ltd expanded their operations by constructing a new plant in Huizhou, China to increase supply capacity and establish supply of refrigerant oils and lubricants across China.

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High potential in emerging countries of APAC is driving the Bioplastics & Biopolymers Market

 

Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

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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 bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.

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SOLMAX (Canada) and Officine Maccaferri Spa ( Italy) are the Key Players in the Geosynthetics Market

The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026. The rising demand for geosynthetics is majorly due to increasing investments on infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

Geosynthetics market is dominated by APAC in 2020. The region is growing at a faster rate which accounts for the high growth of the geosynthetics market. The emerging market of India, China, and other countries of the APAC are growing and boosting the regional market growth. Rapidly increasing population, urbanization, and industrialization are expected to drive the geosynthetics market in APAC. Rising investment In the development of public infrastructure and growing demand for solid waste management system are the major factors driving the geosynthetics demand in the region.

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The key players in the geosynthetics market include SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy), Berry Global Inc ( US), and Agru America, Inc ( US). The geosynthetics market report analyzes the key growth strategies, such as new product launches, expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2018 and 2021.

SOLMAX is a leading player in the geosynthetics business. Its diversified product portfolio reduces its market risks. The company has a strong global presence with a sales presence in more than 100 countries.

It develops innovative products that meet the quality standards and environmental regulations. SOLMAX focuses on development of sustainable and performance products with high expenditure on R&D to provide effective and efficient products to its customers. Investment and acquisition are among the key business strategies used by the company to strengthen its market position.

Officine Maccaferri is an active player in geosynthetics business. It caters to the needs of customers by providing innovative and performance driven materials. The company is taking initiatives to enhance its operational performance and improve profitability. It focuses on improving performances within existing business by undertaking innovation activities across its segments. It also emphasizes on development of customer-focused solutions that satisfies critical end-use requirements, hence is successful to build long-lasting relations with its customers.

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Wastewater Treatment Services Market worth $71.6 billion by 2026

The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2 % from USD 53.0 billion in 2021. Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.

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The treatment process which is used to remove the impurities and toxins from sewage or industrial water is referred to as wastewater treatment. The treated water can be safely discharged back into the environment. Wastewater is full of contaminants, which include bacteria, chemicals, and other toxins which are harmful for both humans as well as environment. Its treatment aims at reducing the contaminants to acceptable levels to make the water safe for discharge back into the environment.

Municipal is the largest end-user of the wastewater treatment services market. North America was the largest market for wastewater treatment services in 2020, in terms of value. Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market

Municipal is the largest end-user for wastewater treatment services market during the forecast period

One of the essential factors for human health, social and economic development, and the ecosystem is the availability and supply of quality water. However, the natural environment is getting degraded and the growing population is making it challenging to ensure sufficient and safe water supplies for everyone. A major part of the solution is to produce less water pollution and improve the way we manage wastewater. For a sustainable economy, it is very important to value wastewater for its potential, rather than discard it. Safe wastewater management could help protect our ecosystems and give energy, nutrients and other recoverable materials; it can also protect from the negative effects of wastewater on health and environment.

APAC is expected to be the fastest-growing wastewater treatment services market during the forecast period, in terms of value.

The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The wastewater treatment services market is growing significantly and offers opportunities for various industries. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest wastewater treatment services market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.

The increasing population in the region accompanied with development of new technologies and products are projected to make this region an ideal destination for the growth of the wastewater treatment services market. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization. Booming power, consumer goods and packaging sectors and advances in process manufacturing are some of the key drivers for the market in the APAC. Countries such as India, Japan, and China are expected to witness high growth in the wastewater treatment services market due to the increasing demand from the food, pulp & paper, chemical, and power & generation industry.

The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

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Insulating Glass Window Market worth $17.2 billion by 2026

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, owing to the increasing demand for energy-efficient buildings in various regions.

Insulating Glass Window Market by Product Type, Glazing Type (double glazed, triple glazed), Spacer Type, Sealant Type (silicone, polysulfide, hot melt butyl, polyurethane), End-Use Industry, and Region – Global Forecast to 2026

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By product type, the gas-filled insulating glass segment is projected to grow at the highest CAGR during the forecast period
Gas-filled insulating glass segment is expected to grow at a faster rate during 2021 to 2026. The growth is due to the better insulation properties offered by gas-filled insulating glass compared to air-filled and vacuum insulating glass (VIG). Also, the performance of an insulating glass unit can be enhanced by filling the space with a noble gas such as argon or krypton between the panes.

By glazing type, triple glazed segment is projected to grow at the highest CAGR during the forecast period
Triple galzed segment is expected to grow at a faster rate during 2021 to 2026, owing to their high demand from countries having cold climates. Triple glazing is prominently used in Scandinavian countries due to the cold climate there. Moreover, the additional layer of glass in a triple-glazed window reduces heat loss, thus making it a lot harder for heat to escape.

By end-use industry, residential segment is expected to register the highest CAGR during the forecast period
The residential segment is expected to register the highest CAGR during 2021 to 2026, due to the growing demand for green buildings. One of the key roles of insulating glass windows in the residential construction segment is to keep homes warmer in the winter and cooler in the summers. Also, these insulating glass windows are used as a replacement for other building materials, such as wood and brick, to boost the aesthetic appeal of residential constructions.

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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Growing demand for environment-friendly compressors are driving the Liquid Ring Vacuum Pumps Market

The liquid ring vacuum pumps market size was USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry is expected to drive the use of liquid ring vacuum pumps.

With rising emission levels and increasing usage of fuel in compressed air systems, the demand for eco-friendly compressors has increased. Liquid ring vacuum pumps and compressors can achieve long-term savings and ensure a cleaner environment. Environment-friendly liquid ring vacuum pumps need less fuel and make less noise compared to rotary compressors. These pumps are made up of durable materials to withstand volatile gases and vapors without affecting their performance. As the gases are compressed at the same temperature in the cavity, the pump is capable of pumping explosive gases safely. All these factors have created better growth opportunities for the liquid ring vacuum pumps market during the forecast period.

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By type, two-stage is the fastest-growing segment during the forecast period of 2021 to 2026.

The significant growth in the pharmaceutical industry will lead to an increase in the demand for liquid ring vacuum pumps. By type, the two-stage pumps are more efficient at much higher vacuum levels. Also, they are better suited for handling solvents at much higher levels of vacuum.

By flow rate, 3000-10,000 m3/h segment is projected to grow at the highest CAGR during the forecast period

The liquid ring vacuum pumps with a flow rate of 3,000-10,000 m3/h are considered medium capacity liquid ring vacuum pumps. Medium capacity liquid ring vacuum pumps are used in diverse applications across industries such as oil & gas and petrochemical & chemical. High demand from pulp & paper, oil & gas, power generation, and chemical industries is expected to fuel the growth of this segment.

North America is expected to be the second-largest market in 2020, in terms of value

North America is expected to be the second-largest market for liquid ring vacuum pumps during the forecast period. There is an increasing demand for liquid ring vacuum pumps from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring vacuum pumps in the region.

The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

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