Non-Biodegradable Plastics to Lead Bioplastics & Biopolymers Market During Forecast Period

In recent years, there has been a growing awareness that the use of non-biodegradable plastics is leading to large amounts of plastic waste accumulating in landfills and oceans. Recognizing the need to find new ways to recycle and reduce the use of these harmful materials, researchers have been working on finding alternatives to conventional plastics.

In this article, we will explore three types of non-biodegradable plastics that are being studied as potential replacements for traditional plastic materials. We will also discuss some of the benefits and drawbacks of each type of plastic, and suggest ways in which you can start using them in your own life.

BIO-PET TO DOMINATE NON-BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2020 AND 2025

Bio-PET is the future of non-biodegradable plastics and this is why investors and businesses should start taking notice.

Bio-PET is made of renewable resources such as vegetable oils and corn starchy products. This makes it a more sustainable product than traditional plastics. Bio-PET also has high thermal stability and good chemical resistance. This means that it can be used in a variety of applications, from food packaging to consumer goods.

As the market for non-biodegradable plastics continues to grow, Bio-PET is poised to become the dominant player. It has many advantages over traditional plastic materials, making it a viable option for businesses and investors looking to make a sustainable impact.

What are Non-Biodegradable plastics?

Non-biodegradable plastics are made of materials that cannot be broken down by natural processes like bacteria, fungi, or oxidation. This means that these plastics can stay in the environment for a long time, potentially polluting water supplies and creating environmental problems. Some people argue that non-biodegradable plastics are a bigger problem than biodegradable plastics because they can take up more space in landfills and cause more environmental damage.

The Problem with Non-Biodegradable Plastics

Non-biodegradable plastics are posing a serious environmental problem. These materials can take hundreds or even thousands of years to break down in the environment, potentially harming wildlife and waterways.

There are many types of non-biodegradable plastics, but the most common ones include polyethylene, polypropylene, and PVC. These materials are often used in products like furniture, packaging, and toys.

When these plastics are used in large quantities, they can cause major problems. For example, when polyethylene is burned, it creates greenhouse gases that contribute to climate change. And when polypropylene is dumped into waterways, it can create toxic pollutants that harm fish and other aquatic life.

It’s important to use biodegradable alternatives whenever possible. But we can’t rely on manufacturers to make the switch on their own. We need to demand that they do it, and we need to make sure that our government is doing its part as well.

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

Ways to Reduce our Use of Non-Biodegradable Plastics

There are many ways to reduce our use of non-biodegradable plastics. Here are a few suggestions:

1. Use biodegradable materials whenever possible.

2. Use biodegradable packaging when necessary.

3. Recycle biodegradable materials when possible.

4. Educate yourself and others about the benefits of using biodegradable materials.

Alternatives to Non-Biodegradable Plastics

Non-biodegradable plastics are a growing problem. They take up space in landfills and are damaging to the environment. There are many alternatives to non-biodegradable plastics that are environmentally friendly.

Some alternatives to non-biodegradable plastics include:

- compostable materials

- recycled materials

- bioplastics

- natural materials

Conclusion

The world is quickly moving away from non-biodegradable plastics and towards biodegradable plastics. This is due to the many negative effects that non-biodegradable plastics have on the environment, including harming marine life, releasing harmful chemicals into our air and water supplies, and contributing to climate change. Bioplastics are made from renewable resources like plant materials or biomass, which means they can be decomposed by natural processes over time.

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Water Treatment Application to Capture The Largest Share Of The Corrosion Inhibitors Market

If you have found yourself in search of a water treatment application that would help you capture the largest share of the corrosion inhibitors market, then read this article. It is full of information on how to create a water treatment application that will get you every bit of the profit you are looking for!

What is Corrosion?

Corrosion is the breakdown of metal by chemicals, oxygen and salt water. The most common forms of corrosion are rusting and blackening which can lead to mechanical failures. Corrosion inhibitors are used in many industries to prevent corrosion. The corrosion inhibitors market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2024.

The corrosion inhibitors market has been segmented on the basis of product, application and region. The product segment is further sub-segmented into acid neutralizers, alkaline earth metals protectants, azodicarbonamide (ADA) and others. The application segment is divided into transportation & infrastructure, downstream petroleum & chemical, naval & marine, food & beverage and others. The region segment includes North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa (MEA).

The market for corrosion inhibitors was estimated at USD 5.1 billion in 2017 and is projected to grow at a CAGR of 7.5% during the forecast period 2018-2024. This growth can be attributed to the increasing awareness about the benefits of corrosion inhibitors in various industrial sectors such as transportation infrastructure

How Water Treatment Application Work

Water treatment application work by removing contaminants like metals, chemicals and other pollutants from water. By doing this, it helps improve the quality of water for human and other organism use. In particular, the water treatment application market is expected to grow at a CAGR of around 6.7% during 2019-2024. This is primarily due to the growing awareness about the importance of clean drinking water, as well as increasing concerns over the negative impact of pollutants on public health.

Types of Water Treatment Applications:

Chlorine dioxide (ClO2) is the most commonly used type of water treatment application. It works by breaking down organic pollutants into carbon dioxide and chlorinated molecules. This process is highly effective at eliminating chlorine-based odor and taste, but it has limited ability to eliminate heavy metals and other chemicals. Chlorine dioxide is mainly used in wastewater treatment applications, such as in municipal wastewater plants and industrial effluents.

In contrast, advanced oxidation processes (AOPs) use specific types of oxidants to remove contaminants from water. AOPs can be divided into two categories - contact oxidizers and non-contact oxidizers. Contact oxidizers use liquid

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

Analysis of Corrosion Inhibitors Market

Water treatment application is the largest market for corrosion inhibitors. Increasing awareness about the importance of corrosion control in water systems has led to increased demand for these products. Moreover, stringent environmental regulations are also boosting the growth of this market. The global corrosion inhibitors market is expected to reach USD XX million by 2024 from USD XX million in 2017, at a CAGR of XX%. This Report covers the present scenario and the growth prospects of the corrosion inhibitors market for various types of treatment applications. It also deals with key players in this market and their competitive strategies. The report includes a SWOT analysis and a PEST analysis.

Factors Driving the Corrosion Inhibitors Market

The corrosion inhibitors market is expected to grow at a CAGR of 7.5% during the forecast period 2017-2021. These inhibitors help in preventing the corrosion of various metallic and non-metallic structures in water pipelines and other systems. The increasing awareness about the need to protect infrastructure against corrosion is expected to drive the market growth.

Amongst the key players in this market, BASF SE is estimated to hold the largest market share with a value of USD 2.4 billion by 2021. The company’s product offerings include inhibitors for alloys, steels, copper, brass, aluminum and other alloys as well as coatings for metals and semi-conductors. Other key players in this market include 3M Company (US), Akzo Nobel NV (Netherlands), Evonik Industries AG (Germany), Saint Gobain SA (France) and Dow Chemical Company (US).

Who Is Winning The Frame Of Mind?

As the corrosion inhibitors market is predicted to grow at a CAGR of 5.0% from 2017 to 2021, who will be the major drivers and beneficiaries of this growth?

Major Players in the Corrosion Inhibitors Market:

1. BASF SE (Germany)

2. OMV AG (Austria)

3. Reckitt Benckiser Group plc (U.K.)

4. SABMiller Plc (U.K.)

5. Veolia Environnement S.A. (France)

6. Hydro Technologies Incorporated (U.S.)

7. Clariant AG (Germany)

Top 10 Companies in the Forecast Period

Water treatment has emerged as a key application area for corrosion inhibitors owing to the increasing awareness about the health threats posed by waterborne diseases. The corrosion inhibitors market is expected to grow at a CAGR of 6.8% during the forecast period, according to a report by Grand View Research, Inc. This growth is attributed to the increasing demand for these inhibitors from various industrial sectors such as chemicals, food & beverage, automotive, and infrastructure & construction.

Amongst the top companies profiled in this report are 3M Company (U.S.), BASF SE (Germany), and Lonza Group (Switzerland). These companies are expected to lead the market in terms of revenue generation during the forecast period.

Apart from water treatment, other applications for corrosion inhibitors include air conditioning, metalworking, and pharmaceuticals. These applications are expected to account for a major share of the market during the forecast period.

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What Does The Global Polylactic Acid Market Industry Analysis Look Like

The global polylactic acid market is projected to reach $43.7 billion by 2024, growing at a CAGR of 5.2% from 2018. The industry is characterized by the presence of major players in North America and Europe with the Asia-Pacific region being a lucrative growth market for this market.

What is Polylactic Acid?

Polylactic acid (PLA) is a biodegradable plastic derived from lactic acid.
PLA is often used in the production of food packaging, including single-serve containers for drinks and food, as well as films and foams.
The global PLA market was valued at XX million in 2016 and is expected to reach XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Some of the key reasons for the growth in the PLA market include increasing awareness about the environmental benefits associated with using PLA products, increasing concerns about plastic wastefulness, and advancements in technology that enable more efficient production of PLA products.

What are the Market Growth Factors?

Polylactic acid (PLA) is a biodegradable plastic made from renewable resources such as cornstarch and sugarcane. PLA products are used in a wide range of applications such as food packaging, automotive parts, medical devices, and furniture. The global PLA market is expected to grow at a CAGR of 7.2% during 2016-2021.

The main drivers of the PLA market include increasing awareness about the benefits of PLA products and increasing demand for bioplastic products due to their environmental friendliness. Increasing awareness about the benefits of PLA products has led to an increase in the demand for bioplastic products. Furthermore, the growing population and growing concern about climate change are some other factors that are expected to drive the market growth over the forecast period.

Some of the key players in the global PLA market include BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Akzo Nobel N.V. (The Netherlands),DuPont Dow Elastomers LLC (US), and Novozymes A/S (Denmark).

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

What Are The Key Markets for Polylactic Acid?

The global polylactic acid (PLA) market is expected to grow at a CAGR of 7.2% from 2017 to 2022, according to a report by Grand View Research, Inc. The market is projected to reach $4.48 billion by 2022.

The key markets for PLA are Asia-Pacific, North America, Europe, and Latin America. Asia-Pacific is the leading region in terms of revenue and is expected to grow at the highest rate during the forecast period. This is due to the increasing demand for biodegradable products in this region. North America is expected to be the second largest market for PLA, due to the increasing demand for sustainable products. European countries are also expected to exhibit growth in the market for PLA due to increased awareness about environmental concerns and growing trend of using bioplastic alternatives. Latin American countries are projected to grow at a high rate due to rising implementation of green infrastructure initiatives.

Some of the major players in the global polylactic acid market include BASF SE (Germany), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japan), Rohm and Haas Company (U.S.), and AkzoNobel N

How Does The Global Polylactic Acid Industry Compare to Other Industries?

Polylactic acid (PLA) is a biodegradable and renewable polymer derived from renewable resources. It has many industrial applications, including advanced composites, food packaging, and new medical devices.
PLA is produced from renewable resources such as cornstarch or sugarcane molasses. The global market for PLA was valued at $1.5 billion in 2016 and is expected to grow at a CAGR of 7% over the forecast period 2018-2024.

A key factor driving the growth of the PLA market is its increasing adoption in emerging economies due to its low environmental impact and sustainability benefits. China is the largest producer and consumer of PLA, accounting for more than two-thirds of the market volume. Other leading producers are United States, Brazil, and Germany.

The key players in the global PLA market include BASF SE (Germany), Eastman Chemical Company (US), Archer Daniels Midland Company (US), SABIC Innovative Plastics (Saudi Arabia), CRISPR Therapeutics LLC (US), and Mitsubishi Chemical Corporation (Japan).

Impact of Raw Material Price Fluctuations on Polylactic Acid Industry

Polylactic acid (PLA) is a biodegradable polymer that has been gaining attention in the market owing to its numerous benefits such as low environmental impact, flexibility, and low cost. PLA is derived from renewable resources such as corn or sugarcane and has the potential to replace petroleum-based plastics.

The global polylactic acid market is expected to grow at a CAGR of around 7.5% during the forecast period 2016-2021. This growth can be attributed to increasing demand from end-use industries such as automotive, food packaging, and construction. The increasing awareness about the benefits of using PLA has led to an increase in its production.

There are several factors that could affect the market growth of PLA. These include raw material price fluctuations, which could result in a decrease in demand for the product, or an increase in its cost. Additionally, regulatory changes could also have a negative impact on the market.

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

Geosynthetics are materials that are used to create a seal around pipes and other underground infrastructure. Over the years, geosynthetics have become an increasingly popular choice for many infrastructure projects, as they offer both environmental and cost-effective solutions.

In this article, we will take a closer look at two of the leading players in the geosynthetics market - SOLMAX (Canada) and Officine Maccaferri Spa (Italy). We will explore their unique selling points, as well as their recent developments in the market. 

Geosynthetics Market by Type (Geotextile, Geomembranes, Geogrids, Geofoams, Geonets), 

Geosynthetics Market by Application (Water Resources, Civil Infrastructure, Energy, Mining),

Geosynthetics Market Size (USD Million) and Forecast 2025 

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

Geosynthetics are a type of engineering material that is used to protect, reinforce and seal surfaces. The market for geosynthetic materials is expected to grow at a CAGR of 7.6% from 2016 to 2025. This growth is mainly attributable to the increasing adoption of geosynthetics in infrastructure applications such as water resources, civil infrastructure and energy.

The geosynthetic market is segmented into type (geotextile, geomembranes, geogrids, geofoams, geonets), application (water resources, civil infrastructure, energy, mining) and geography ( North America, Europe, Asia Pacific). The geotextile segment dominates the market with a share of over 50%. Geomembranes are the second-most popular type of geosynthetic with a share of around 30%. Geogrids and geofoams account for a share of around 20% each. Geonets are expected to grow at the highest CAGR during the forecast 

What is Geosynthetics? 

Geosynthetics is the application of synthetic materials in soil and water conservation, restoration and rehabilitation. It is a versatile engineering tool that can be used to create a protective surface on soils, prevent erosion, improve water infiltration and drainage, and stabilize foundations. Geosynthetic materials can also be used to create habitats for plants and wildlife, conserve water resources, and reduce environmental impact.

Geosynthetic materials are made from natural or synthetic fibers that are bonded together with an adhesive. The fibers can be either synthetic or natural. Natural fibers include cotton, hemp, jute, kenaf, ramie, sisal, and bamboo. Synthetic fibers include polypropylene and polyethylene.

Geosynthetic materials come in many different types and sizes depending on the application. Types of geosynthetic materials include: drainage mats, vegetated barriers, embankments, sheets, tubes, grids and particles. There are also hybrid geosynthetic materials that combine two or more types of material.

The market for geosynthetics is growing rapidly due to the increasing demand for environmentally friendly products and the benefits that geosynthetics provide. 

Types of Geosynthetic Materials 

Geosynthetics are a key component of infrastructure and construction, providing solutions for a variety of applications. In this blog, we will highlight the types of geosynthetic materials used in construction and their respective uses. 

Geosynthetics are materials that are specifically designed to be used in conjunction with soil or rock to improve stability, protect against erosion, and increase water infiltration. Geosynthetic materials can be classified based on their physical properties: 

1. Cohesive Tiles: Cohesive tiles are made from a variety of fibers that have been treated with a bonding agent. When placed under tension, the fibers bind together and create a solid sheet. These tiles are most commonly used to repair erosion problems in landfills and agricultural areas. 

2. Membrane Materials: Membrane materials are made from polymer sheets that are pulled or stretched into desired shapes using an adhesive and heat. This type of material is often used in dam walls and other water-control structures. 

3. Compressible Foam: Compressible foam is created by heating air until it liquefies and then forcing it through small holes into a mold. 

History of Geosynthetics 

Geosynthetics are a versatile and effective material that can be used to improve the performance of a number of different infrastructure and construction projects. In recent years, solmax has become one of the leading providers of geosynthetic products and services in North America, while Officine Maccaferri Spa has emerged as one of the leading providers of geosynthetic products and services in Europe. 

Learn more about how these two companies have helped to shape the geosynthetics market below. 

Officine Maccaferri Spa was founded in 1945 by Ermanno Maccaferri, who invented the first commercially successful synthetic fiber for use in constructions. Today, the company is one of Italy's largest manufacturers of synthetic materials, with operations 

The Role of Geosynthetics in the Construction Industry 

Geosynthetics are a key component of many construction projects, and their use is becoming increasingly common in both the public and private sectors. 

SOLMAX (Canada) and Officine Maccaferri Spa ( Italy) are the Key Players in the Geosynthetics Market. These two companies have been at the forefront of innovation in the field for many years, and their products are some of the most advanced and reliable on the market. 

SOLMAX is well known for its groundbreaking work in soil reinforcement, while Officine Maccaferri has a long history of manufacturing geotextiles and other materials for construction applications. Together, these companies account for nearly half of the global market share for geosynthetics, and they are constantly developing new technologies to improve their products. 

The role of geosynthetics in construction is growing increasingly important asprojects become more complex and demanding. Geosynthetics help improve stability and performance of buildings by reducing environmental impact, noise levels, and costs associated with traditional construction methods. They can also be used to create new structures or repair damaged ones. 

In addition to their advantages over traditional construction methods, geosynthetic materials are also versatile 

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The Geosynthetic Market 

The geosynthetic market is expected to grow at a CAGR of 7.5% during the period 2017-2021. The market is segmented on the basis of product, end use, and geography. Geosynthetics are used in a variety of applications such as water filtration, dam construction, and erosion control. 

SOLMAX (Canada) and Officine Maccaferri Spa ( Italy) are the key players in the geosynthetics market. These companies are invested in R&D, manufacturing, and sales of geosynthetics. They offer a wide range of products that address various environmental concerns such as soil erosion, water filtration, and noise mitigation. 

The Key Players in the Geosynthetics Market 

SOLMAX (Canada) and Officine Maccaferri Spa ( Italy) are the key players in the geosynthetics market. 

SOLMAX is a leading provider of geosynthetic products and services across North America and Europe. 

Officine Maccaferri Spa is a world leader in the production of geotextiles and related products. The companies offer a wide range of geosynthetic solutions that are used in various applications such as highway construction, utilities, land reclamation, and environmental restoration. They offer a complete portfolio of products and services including engineering, procurement, installation, commissioning, training, and support. 

The Outlook for the GeoSynthetic Market 

According to the latest report by Grand View Research, the global geo-synthetic market is expected to grow at a CAGR of 7.5% during the forecast period 2017-2021. The increasing demand for environmentally friendly and sustainable materials is fuelling this growth. The market is segmented based on application, product type, and region. 

The global geo-synthetic market is dominated by solmax (Canada) and Officine Maccaferri Spa (Italy). These two companies are responsible for more than two-thirds of the market share. The key applications of geo-synthetics include construction, transportation, and wastewater treatment. Major product types include asphalt and bitumen emulsion, reinforcement fabrics, and geopolymers. The regional segmentation of the market is North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America dominates the market with a share of more than 60%. This is mainly due to increased adoption of geo-synthetics in transportation. Asia Pacific is expected to grow rapidly owing to increasing awareness about environmentalfriendly materials among consumers. RoW is expected to account for major growth over the next five years owing to increasing demand from

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Polylactic Acid (PLA) Market Opportunity: Development of new application

The global PLA market size is projected to grow from USD 1.0 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 12.2% between 2021 and 2026. The major factors driving the market are rising demand of PLA in packaging industry, stringent waste management regulations in Europe, increased focus of government on green procurement policies, and shift in consumer preference toward eco-friendly and biodegradable plastic products. Moreover, development of new applications, high potential in emerging countries of APAC, and multi-functionalities of PLA is expected to drive the market during the forecast period.

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

With the increasing focus on sustainability and favorable government regulations for green procurement policies, PLA manufacturers have significant opportunities in new end-use industries such as electronics, biomedical, and automotive. Manufacturers are investing heavily in R&D activities for the use of PLA in various applications in the medical industry, such as stitching materials, screws, and implants. PLA is used for manufacturing medical devices & equipment. It is used in tires with starch-based materials in the automotive industry to reduce fuel consumption. They are also used for making electrical equipment more efficient and cost-effective. The packaging application is also expected to witness significant growth. PLA films have an extensive application in the agriculture industry. PLA is a highly demanded biodegradable plastic material and is used in making trays, cutleries, and cups in the food industry.

Europe is expected to be the largest market for PLA during the forecast period.

The packaging industry is the largest end-use industry of PLA in Europe. The political and economic conditions have also driven the market penetration of PLA. The EU Commission has focused on the Lead Markets Initiative, where PLA has been identified as one of the most important potential markets. The strict government norms and economic conditions have also driven the PLA market. These factors have been responsible for the development of PLA with collaborative research in the region.

The key players in this market are Natureworks LLC (US), Total Corbion PLA (Netherlands), BASFSE (Germany), Cofco (China), Futerro (Belgium), Danimer Scientific (US), Toray Industries Inc. (Japan), Evonik Industries (Germany), Mitsubishi Chemical Corporation (Japan), and Unitika Ltd. (Japan).

Recent Developments

• In October 2021, Total Corbion PLA launched recycled PLA range under the brand name Luminy rPLA, which is derived from post-industrial and post-consumer PLA waste. The new product is a chemically recycled product with similar characteristics as the existing Luminy PLA product.
• In April 2021, NatureWorks LLC developed a new PLA grade Ingeo 3D700. The new material is ideal for large-format additive manufacturing, along with the reduction in warping and print failures. Ingeo 3D700 is specially designed for 3D printing, having performance characteristics such as precise detail, good adhesion, reduced warping or curling, and low odor while printing.
• In November 2021, Danimer Scientific and Total Corbion PLA collaborated to manufacture biodegradable PLA. The collaboration will support the production of custom-built resin to meet the customers’ requirements for biodegradable and functional aspects of the products.

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Emerson Electric Co. (US) and Carrier (US), Danfoss (Denmark) are the Major Players in the Condensing Unit Market

The condensing unit market is projected to grow from USD 39.0 billion in 2022 to USD 57.1 billion by 2027, at a CAGR of 7.9% from 2022 to 2027. Condensing units are used in applications where there is a need to control the temperature, such as heat pumps, chillers, air conditioners, and refrigerators, among others.

The markets growth can be attributed to increasing demand for the storage of convenience products, such as packaged foods, dairy products, etc. Also, the growth was further propelled by the rise in demand for condensing units from supermarkets and organized retail food chains.

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

Emerson Electric Co. (US), Carrier (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), BITZER SE (Germany), are some of the major players in the condensing unit market. These companies have adopted product launches, investments, acquisitions, agreements, contracts, partnerships, and expansions as growth strategies to enhance their position in the condensing unit market.

In January 2022, Emerson Electric Co. Emerson launched a major part of condensing unit named Copeland ZPK7 single (fixed) speed scroll compressors for residential and light commercial HVAC applications. The new ZPK7 fixed-speed scroll compressor platform is now tuned for R410A refrigerant and offers improved performance at the SEER2 B rating point condition as well as critical HSPF2 part-load operating conditions.

The new product launch further strengthens the position of Emerson Electric Co. in the condensing unit market in the US.

In February 2020, Danfoss introduced a new product, Optyma iCO2, which is an outdoor CO2 condensing unit. It has a cooling capacity of 1.5 to 4.7kW (0.43 to 1.3TR) and is a plug-and-play stackable solution for medium-temperature applications such as in display cabinets, and to refrigerate cold rooms. The new product launch helped the company target a new segment of convenience stores with limited indoor space.

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Key Market Leader - Ultra-High Molecular Weight Polyethylene Market

The global ultra-high molecular weight polyethylene (UHMW PE) market size is estimated to be USD 1.8 billion in 2022 and is projected to reach USD 2.8 billion by 2027, at a CAGR of 9.1% from 2022 to 2027. The increasing demand from aerospace, defense & shipping industry is expected to drive the market for UHMW PE.

Asia Pacific is projected to be the fastest-growing segment between 2022 and 2027. China and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2022. The Asia Pacific region is emerging as a lucrative market for UHMW PE, owing to fast industrial development and improving economic conditions. In addition, the growth of the medical industry, mechanical equipment industry, presence of a various mechanical component manufacturing plants in China, and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market.

The UHMW PE market is dominated by few globally established players such as Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation (Japan), Korea Petrochemical Ind. Co., Ltd. (China), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and others are key players in the UHMW PE market. These players have adopted various growth strategies, such as investments & expansions, partnerships, agreements & collaborations, and new product developments to increase their presence in global market.

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

Celanese Corporation is leading provider of UHMW PE and operates through the following segments: Engineered Materials, Acetate Tow, and Acetyl Chain. The company offers UHMW PE under its engineered material segment which includes the engineered materials business, food ingredients business, and certain strategic affiliates. . The company has a presence in the US, the Netherlands, Germany, China, India, and Japan. The company majorly focuses on investment & expansion to expand their business geographically.

Royal DSM N.V. is involved in the business of nutritional and pharmaceutical ingredients and industrial chemicals. The business segments in which operate include nutrition, materials, innovation center, and corporate activities. The company offers UHMW PE under the materials segment. The performance materials segment produces synthetic fibers, engineering plastics, and resins used in coatings and includes engineering plastics, DSM Dyneema, and DSM Resins. The company has a presence in Europe, Asia Pacific, the Middle East & Africa, and South America, with its production units in Austria, Grenzach, Jiangshan, Maroussi, Sissel, and Village-Neuf.

Braskem S.A is a major player in the petrochemicals market, owing to its wide product portfolio, and serviceability. It has a global presence, with 41 industrial units spread over Brazil, Mexico, the US, and Europe, and 14 business offices worldwide. The company adopts several growth strategies such as partnership and investment & expansion to increase its international market reach.

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Fire-resistant Coatings Market Opportunities: Growing demand in renovation projects

The global fire-resistant coatings market size is projected to grow from USD 975 million in 2020 and is projected to reach USD 1,125 million by 2026, at a CAGR of 3.5%. Europe accounted for the largest share of the market. It is projected to reach USD 490 million by 2026, at a CAGR of 3.0%, between 2021 and 2026. The growing building & construction sector in the region is projected to drive the market.

Fire-resistant coatings are not only used in new construction projects but also in the maintenance of old projects and buildings for commercial and residential purposes. Apart from protection against fires, these coatings provide resistance against weather and corrosion. They require less maintenance and also provide extended service life. People are becoming aware of their benefits and are including these coatings in both renovation and new construction projects. As per the European Union, around 35% of the buildings in Europe are over 50 years old, and only 0.4–1.2% of the buildings are renovated each year. With increasing focus on clean energy and building safety, stricter regulations are in effect to renovate older buildings. This factor can potentially increase the demand for fire-resistant coatings across the globe.

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

COVID-19 Impact on the global Fire-resistant coatings market

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.

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

Europe was the largest market for fire-resistant coatings in 2020, with a share of 40.2%, in terms of value. The fire-resistant coatings market in Europe was USD 392.3 million in 2020 and is projected to record a CAGR of 3.0% between 2021 and 2026. 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.

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Top Market Leader - Rubber Additives Market

The rubber additives market size is estimated to be USD 7.8 billion in 2021 and is projected to reach USD 9.3 billion by 2026, at a CAGR of 3.5% between 2021 and 2026. Rubber additives are used to improve the resistance of rubber against the effects of heat, sunlight, mechanical stress, and others. Different types of rubber additives are antidegradants, accelerators, and processing aids. Antidegradants include phenylenediamine, phosphite, phenolic compounds, and other chemicals. Accelerators comprise benzothiazole, sulfenamides, and others. Moreover, blowing agents, peptizers, and retarders are also used for processing rubber. The growth of the rubber additives market is primarily triggered by the growing automobile industry which in turn drives the need for rubber additives. The stringent government regulations foster manufacturers to comply with the environment standards. Thus, the government regulations coupled with the growing environmental concerns are expected to restrain the growth of the market. The opportunities for this market are rapidly increasing demand from the Asia-Pacific region and emergence of high-performance rubbers.

The key players in this market are are Arkema S.A.(France), Lanxess AG (Germany), BASF SE (Germany), Solvay S.A. (Belgium), Sinopec Corporation (China), R.T. Vanderbilt Holding Company, Inc. (US), Emery Oleochemicals (US), Behn Meyer Group (Germany), Toray Industries, Inc. (Japan), and Sumitomo Chemical (Japan).

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Players in the rubber additives market are mainly concentrating on new product launches, and acquisitions to meet the growing demand for rubber additivesfor various application. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the rubber additivesmarket has been influenced by new product launches and strategic partnerships that were undertaken between 2018 and 2021. Different companies are deploying different strategies to win the rubber additivesmarket. Arkema SA is primarily focused on Europe and North America, Lanxess AG is focused on Middle East & Africa and Europe, BASF SE on Europe, and Solvay on Europe and Asia Pacific. In general, these four companies are all strong in their home region and exploring geographic diversification alternatives to grow their businesses. All four companies are focused on increasing their market shares through partnerships and enhancing their product portfolio over the past few years

Arkema SA is a major player in specialty materials and intermediates with applications in diversified end markets such as General Industry, Building & Construction, Consumer Goods, Paints & Coatings, Automotive & Transportation, Electronics & Energy and Nutrition & Water. The Company aims to upgrade their existing products according to the demand of the customers to make the products more sustainable and more efficient ones. The Company’s value creation model is based on four values: Performance, Accountability, Solidarity and Simplicity. The Company’s ambition is to expand their sustainable offering and strengthen the added value of their solutions. Diversity is another strength that Arkema SA has set out to develop significantly within the group.

On the other hand, Lanxess AG is a leading specialty chemical based in Cologne. Their primary expertise lies in producing, developing and marketing chemical intermediates, additives, specialty chemicals and plastics. The Company is listed in the Dow Jones Sustainability Index (DJSI) World for the 10th time in a row. The Company is trying to strengthen their market position by taking initiative in electric mobility as it is a dynamic growth area. Their strength is to build on integrated value chain, competitive and sustainable products and sites for increasing the growth rate of the company. The Company’s strategic guidelines include Raw Materials, Products & Sites, Costs, Value Chains, Sales Market and Growth & Balance in order to create a sustainable company. The guidelines provide a framework for evaluating the company’s portfolio, acquisitions and investments. The Company’s innovation strategy is based on three pillars: product closely aligned to the market and customer requirements, centrally managed process research focusing on energy and raw material efficiency and agile digitalization projects.

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