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).

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

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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Lithium-ion battery anode Market – Global Forecast to 2026

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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Based on the end-use, the lithium-ion battery anode market has been segmented into automotive and non-automotive. The non-automotive segment in lithium-ion battery anodes includes energy storage, aerospace, marine, and others. The others segment includes telecommunication, medical, and industrial. The automotive end-use segment is projected to lead the market in terms of both value and volume during the forecast period. The automotive end-use segment was the largest segment in the lithium-ion battery anode market in 2020. Some of the key factors, such as the growth in the demand for electric vehicles in the developing regions of the world and the growing concerns related to environmental issues due to usage of fossil fuels, are resulting in augmenting the automotive end-use segment growth.

The synthetic graphite of lithium-ion battery anode market, by materials, is expected to be the largest market from 2021 to 2026. Synthetic graphite is produced from pitch and coke. It is of a higher purity than natural graphite but is not as crystalline. It is used in specialty applications because of its superior uniformity and purity (>99%). Graphite end users, therefore, prefer synthetic graphite even though its price is three to four times than natural graphite, as synthetics graphite offers higher reliability and performance. Synthetic graphite provides smooth migration of lithium-ions and facilitates fast charge as compared to natural graphite. Therefore, It sees high demand for the lithium-ion battery for anode market during the forecast period.

Asia Pacific, Europe, and North America are significant regional markets for lithium-ion battery anode. The increasing global demand for electric vehicles and rising industrial activities with the high demand for lithium-ion batteries have led to the growth of the lithium-ion battery anode market across the globe. Growing projects related to energy storage and telecommunication in the Asia-Pacific region is also boosting the growth of the market. Various leading manufacturers of lithium-ion battery anode have adopted the strategies of agreements, expansions, acquisitions, collaborations, contracts, investments, and divestments to cater to the increased demand for lithium-ion battery anode from various applications.

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APAC region to lead the global Refrigeration Oil Market by 2026

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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APAC is an emerging market for the refrigeration oil market, and it is mainly attributed to high economic growth rate, followed by heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, and electronics among others. With economic contraction and saturation in the European and North American markets, the demand is shifting to the APAC region.

Refrigeration oil manufacturers are targeting this region as it is the strongest regional market for various applications, such as automotive, electronics and home appliances among others. The advantage of shifting production to the Asian region is that the cost of production is low here. Also, it is easier to serve the local emerging market.

Key Market Players

The key market players profiled in the report include as 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).

Eneos Holdings Inc. is one of the world’s leading manufacturers and innovators 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 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.

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 BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, America, and Africa. BASF has customers in over 200 countries and supplies products to a wide variety of industries. The company has a presence in more than 60 countries of Europe, North America, APAC, South America, and the Middle East & Africa.

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Increasing need for longer life of the equipment is driving the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market

Corrosion protection coatings such as CUI & SOI coating are used for the protection of pipelines, equipment, reactors, and storage tanks in oil & gas and industrial sectors. These industries involve the use of hazardous and corrosive chemicals and processes that involve high temperatures and high heat. Also, this equipment is exposed to various climatic conditions which affect the reactor surface. The use of heavy-duty corrosion protection coatings in these areas may prevent or reduce the impact on the reactor surfaces. This results in the extended working life of the equipment.

Due to the competitive market, industries are in the process of cost reduction. Use of heavy-duty corrosion protection coatings for providing insulation results in reduced operating costs.

The global CUI & SOI coatings market size is projected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a CAGR of 4.7%. Worldwide, corrosion under insulation (CUI) causes huge economic losses in many industries. It also gradually weakens structures posing a threat to property and life. CUI & SOI coating is one of the most effective and economical solutions for tackling corrosion. They obstruct the surface and the corrosion agent and extend the life of the structure as well as enhance efficiency.

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The different types of CUI & SOI coatings are epoxy, acrylic, silicone, and others. Epoxy is a major type of CUI & SOI coatings, which accounted for the largest share. This is mainly attributed to excellent protection from CUI, water resistance, and widespread applications of epoxy-based CUI coatings. In addition, epoxy-based CUI & SOI coatings can be used in multi-component coatings with other types.

The market for CUI & SOI coatings in APAC is projected to register significant growth, and this trend is projected to continue during the forecast period. Asia Pacific is the fastest-growing CUI & SOI coatings market globally. This is attributed to economic growth, followed by large investments in various industries such as petrochemical, oil & gas, marine, energy & power, and others. APAC is the most lucrative market and should be the same in the near future.

APAC is the center of foreign investments and booming manufacturing sectors due to the low-cost labor and inexpensive availability of land. The rise in demand for CUI & SOI coatings can be ascribed to the growing marine, oil & gas, and petrochemical industries. These factors are contributing to the rising demand for CUI & SOI coatings in the Asia Pacific.

Major players operating in the CUI & SOI coatings market include Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), Hempel A/S (Denmark), Kansai Paint Co., Ltd (Japan), Nippon Paint Co., Ltd. (Japan), and RPM International Inc (US).

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Chromatography Resin Market Opportunity: Growing demand in drug development and omics research

The global chromatography resin market will grow to USD 3.8 billion by 2027, at a CAGR of 8.0% from USD 2.6 billion in 2022.

Chromatography represents the most versatile separation technique and is readily available. At the early stage of drug discovery, many closely related compounds are synthesized and are required to be separated. Their identification and purity testing are very essential. Chromatography techniques are widely used for these applications. Chromatography instruments have applications in the separation, purification, and analysis of raw materials, Active Pharmaceutical Ingredients (APIs), and excipients. Thus, the growing requirements for high-quality drugs and implementation of stringent government initiatives are increasing the demand of chromatography resin in several countries.

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

Synthetic resins segment is projected to register the highest CAGR between 2022 and 2027. The demand for synthetic resins is expected to be driven by their use in ion-exchange chromatography. Polystyrene divinylbenzene is the most commonly used synthetic resin, which is increasingly used in IEX technique because of its better performance characteristics in comparison to natural polymers. The growth of the synthetic resins segment is projected to be driven by its increasing use in analytical or laboratory-scale applications.

Affinity was the largest chromatography technique in 2021 in terms of value

The affinity chromatography technique is based on the selective affinity of molecules in the mobile phase toward ligands coupled to the stationary resin. The rising demand for protein A for convenient and efficient antibody purification is expected to drive the affinity chromatography segment. Affinity chromatography offers high selectivity, resolution, and capacity in most protein purification schemes. It has the advantage of utilizing a protein’s biological structure or function for purification. All these factors drive the demand for affinity technique

North America accounted for the largest share of the global chromatography resin market, in terms of both volume and value, in 2021. The US is the leading market for chromatography resin in North America, followed by Canada. A strong therapeutic monoclonal antibody market in North America is one of the key drivers for chromatography resin market. Modern chromatographic techniques are also increasingly used in food analytics and other diagnostic purposes in the US as well as in Canada. Most of the key pharmaceutical companies have their research centers in North America. All these factor drive the demand for chromatography resin in North America.

The chromatography resin market is donimated by a few globally established players such as Danaher Corporation (US), Bio-Rad Laboratories Inc. (US), Merck KGaA (Germany), Tosoh Corporation (Japan), BioWorks Technologies AB (Sweden), Kaneka Corporation (Japan), Avantor Performance Materials, Inc (US), Purolite Corporation (US), Repligen Corporation (US), AND Thermo Fisher Scientific Inc. (US).

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Cardolite Company(U.S.A) and Pelmer International(U.S.A) are leading players in Cashew Nutshell Liquid Market

The CNSL market size is estimated to be USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 2022 and 2027. Increasing demand from the chemical and petrochemical industries, the rising demand for natural resources for various applications are significantly driving the market globally.

The CNSL market in Europe is segmented into Germany, France, the UK, Italy, the Netherlands, and Rest of Europe. The chemical industry is a significant part of the region’s economy. The growth is driven by investments made in this region by global chemical companies. Though the steady European economic recovery is expected to drive the market, the adoption of several strict regulations against the use of petroleum-based products is likely to challenge the market growth in the region.

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The key market players are cardolite company(U.S.A), pelmer international(U.S.A), senesel(Poland), sri devi group(India).

Cardolite Corporation is a manufacturer of CNSL-based products used in coatings, friction materials, adhesives, composites, and foams. The company is the leader in the production of quality CNSL-based materials. Cardolite delivers high-quality products and services across the globe and has sales offices, representatives, and distribution facilities in the Americas, Europe, and Asia.

Palmer International is a global leader in CNSL technology. The company provides polyols, chemicals, friction particles, and resins to automotive, transport, construction, and other industries worldwide. It is the world’s oldest producer of cashew derivatives and a leader in developing OEM friction particles. The company is the worlds leading producer of cashew-manic polyols and epoxy hardener chemistry.

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Packaging Industry Dominated Bioplastics & Biopolymers Market in Apac

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.

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

Packaging is the largest end-use industry for the application of bioplastics & biopolymers. They accounted for the share of 61.6%, in 2020, for the global bioplastics & biopolymers market. Increasing environmental regulations and changes in the lifestyle of consumers have increased the demand for bioplastics & biopolymers in the packaging industry. Plastics have high durability and impermeability to water, which has encouraged their use in packaging. Packaging applications of bioplastics & biopolymers include food packaging, healthcare packaging, cosmetic & personal care packaging, shopping bags, and others.

High potential in emerging countries of APAC

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.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

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Growth of the geosynthetics market can be attributed to increasing investments in waste management in emerging economies

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.

Rapidly increasing population and urbanization is contributing in increasing levels of solid and liquid wastes across the globe. Rising environmental awareness is leading to an increase in the demand for appropriate waste and water management projects. Geosynthetics are used as landfill caps to prevent the migration of fluids into landfills by reducing or eliminating the post-closure generation of leachate and associated treatment costs. Geosynthetics are widely used in various water management activities owing to the increasing public concerns in serious and widespread water pollution. Geosynthetics liner systems are used in waste treatment lagoons at wastewater treatment plants to protect water resources including lakes, rivers, ponds, aquifers, and reservoirs which is expected to boost the demand for geosynthetics during the forecast period.

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

Waste management contributes for the largest market share for the geosynthetics market in 2020. Geosynthetics are used in waste management for performing various functions such as filtration, separation, drainage, barrier, and reinforcement. It includes the proper collection, transport, treatment, recycling, and disposal of residential, industrial, and commercial waste. Geosynthetics are essential for controlling the leakage of contaminated gas and liquid into groundwater, rivers, aquifers, and other freshwater sources. The rising demand for waste management owing to increase in population, urbanization, and industrialization is expected to drive the geosynthetics market during the forecast period.

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.

Key players in the geosynthetics market are SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy), Berry Global Inc ( US), and Agru America, Inc ( US) are the major players in the market.

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Increasing demand for energy-efficient buildings in various regions will drive the Insulating Glass Window Market

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

North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.

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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).

Recent Developments

1. In December 2020, 3M launched 2480 3M Hi-Tack silicone adhesive tapes. The products provide sheer performance, stronger adhesion, and longer-wear time.
2. In July 2020, Guardian Glass has launched a new glass coater in Czestochowa Poland, which transforms normal float glass into high-performance, value-added glass using modern technology. This will help to increase the production of low-emissivity (low-E) solar control glass for both residential and commercial applications.

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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COVID-19 impact on the global Chlor-Alkali market

In 2020, the Chlor-Alkali market saw a dip in growth rate due to COVID-19 and the consequent lockdown across the world. The COVID-19 pandemic has severely impacted North American and European countries. Several manufacturing activities have been suspended as a preventive measure. Disruptions in supply chains impacted the chlor-alkali and other end-use industries, and demand declined by over 5% in a majority of the applications. Several expansion projects across the globe have been suspended, which has resulted in a decline in demand for chlor-alkali. The demand for the chemicals, organic, and inorganic chemicals declined significantly across the globe. To mitigate the impact, several chemical companies in North America and Europe are channelizing focus on operational efficiency, cost management, and asset optimization.

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Key players are also focusing on long-term opportunities such as emerging applications, investing in innovations, studying customer buying behavior patterns, and adopting new business models that help generate sustained growth, among others. Due to the pandemic, various building construction and infrastructural projects were suspended or postponed across the globe. Therefore, the demand for PVC declined across the globe, which, in turn, impacted the chlorine market. Decline in automotive industry further reduced the demand for glass and polymers. Moreover, water treatment projects were either rescheduled or suspended, which, in turn, will have a significant impact on the market.

The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1%. The growth in demand for chlor-alkali in the APAC is expected to be driven by the vinyl chain (EDC/VCM/PVC). The demand for chlor-alkali in the APAC is driven by China, which accounts for a major share, globally. China is one of the fastest-growing countries, in terms of chlor-alkali consumption, due to its large chemical and petrochemical industries. India, with its emerging economy is expected to propel the demand for chlor-alkali products during the forecast period. The rising disposable income and focus on the domestic manufacturing industry is expected to increase the demand for chlor-alkali products. However, in Europe, the market for chlor-alkali products is projected to grow at a marginal rate during the forecast period. In North America, and particularly in the US, the growth in demand for chlorine is expected to be driven by the vinyl chain (EDC/VCM/PVC). New capacities are expected to be introduced as the demand from the vinyl industry is projected to increase due to the rising demand from the construction and residential housing sectors in the US.

Chlor-alkali products, namely, chlorine, caustic soda, and soda ash are utilized in various industries. Chlorine and caustic soda are produced through the electrolysis of brine, and soda ash is produced through the Solvay process. These three products are used as raw materials in various industries; chlorine is a vital building block and more than 60% industrial chemicals require it in some form or other in production processes. Caustic soda finds applications in personal care products such as soaps and detergents. Soda ash is used in the glass industry, chemicals, and for water treatment. Some applications such as water treatment, food, and pulp & paper are common in all the three chlor-alkali products.

The Chlor-Alkali market is segmented on the basis of type as Chlorine, Caustic Soda, Soda Ash, and others. Chlorine plays an important role in various chemical industries. It is a building block in chemistry because of its reactivity and bonding characteristics. It is produced by electrolysis, majorly with the use of the membrane cell technology. Some of the manufacturers use diaphragm technology and mercury cell technology. Chlorine reacts with almost all elements, except lighter noble gases. It is a good disinfectant and bleaching agent. Chlorine applications includes EDC/PVC, organic chemicals, inorganic chemicals, isocyanates, chlorinated intermediates, propylene oxide, pulp & paper, C1/C2/ aromatics, water treatment, and others.

The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited (India), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Solvay SA (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem (Hungary), and others.

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APAC region to lead the global Electrical Conduit market by 2026

APAC led the global electrical conduit market, accounting for a share of 37.8% in 2020. APAC is segmented into China, Japan, India, South Korea, and the Rest of APAC. Factors such as ready availability of raw materials and manpower, along with sophisticated technologies and innovations, have driven economic growth in the APAC region. Emerging economies in APAC are expected to have significant demand for electrical conduit due to the growth of the construction industry led by the rapid economic development and government initiatives in infrastructural developments. In addition, the rising population in these countries represents a strong customer base.

APAC is expected to be the fastest-growing market for electrical conduit globally during the forecast period. Significant consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting international companies to shift their production facilities to the region, thus creating a high demand for electrical conduits in these industries. The increase in demand for electrical conduit can be largely attributed to the growing infrastructure and building & construction industries. The demand for electrical conduits is rising rapidly in the region owing to the high demand from the infrastructural sector.

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

The global electrical conduit market is estimated to be USD 6.5 billion in 2021 and is projected to reach USD 9.1 billion by 2026, at a CAGR of 6.9% from 2021 to 2026. The driving factors for the electrical conduit market is rapid pace of industrialization and urbanization, and rise in demand for electricity or power generation across the globe. The growth of the electrical conduit market is supported by increasing awareness regarding public safety and the implementation of safety regulations by governments.

Atkore International Group Inc. (US), Hubbell Incorporated (US), Legrand S.A. (France), Schneider Electric SE (France), and Sekisui Chemical Co., Ltd. (Japan) among others, are the leading electrical conduit manufacturers, globally. These key players have focused on market consolidation by adopting both organic and inorganic growth strategies such as mergers & acquisitions. These companies adopted acquisitions as the key growth strategy between 2019 and 2021.

Atkore International Group Inc. is one of the largest player in the electrical conduit market. It engages in the manufacture of electrical raceway products, primarily for the non-residential construction and renovation markets. It operates through the Electrical Raceway and Mechanical Products and Solutions (MP&S) segments. Some of its products include electrical conduit and fittings, armored cable and fittings, cable trays, mounting systems and fittings, metal framing, and in-line galvanized mechanical tube. The company operates through 37 manufacturing facilities and 28 distribution facilities. Major subsidiaries of the company include Allied Tube & Conduit (Italy), Calpipe Industries (Spain) and Unistrut Limited (UK).

Hubbell Incorporated is the second-largest player of the global electrical conduit market. The company is a manufacturer of electrical, lighting, and power components worldwide. It operates through two segments, namely Electrical Solutions and Utility Solutions. The company offers its products and solutions to various industries such as non-residential & residential construction, industrial, and energy-related (oil and gas) markets.

The company has a presence in Singapore, China, India, Mexico, South Korea, and countries in the Middle East and has a joint venture in Taiwan and Hong Kong. Hubbell has its subsidiaries in the US, Canada, Switzerland, Puerto Rico, China, Mexico, Italy, the UK, Brazil, Australia, and Ireland. It operates through 52 manufacturing facilities and 18 warehouses. Some of the key brands through which the company serves its products are Bell, Raco, Gleason Reel, Bryant, and Wiegmann.

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