Showing posts with label Acrylics. Show all posts
Showing posts with label Acrylics. Show all posts
Wednesday, 6 October 2021
Paints & coatings is the largest application in the polymer emulsion market
The global polymer emulsion market size is projected to grow from an estimated value of USD 25.2 billion in 2020 to USD 38.1 billion by 2025, at a CAGR of 8.6% during the forecast period. The growth of the market is driven mainly by the increasing demand from growing end-use industries in emerging markets and stringent regulations regarding VOC emission.
The paints & coatings segment is the largest consumer of polymer emulsion. The growth of the market is attributed to the high demand in industries, such as construction and automotive. Polymer emulsion is used widely in paints & coatings as its manufacturing process has a lower carbon footprint. The high VOC content of solvent-based products and the implementation of government regulations regarding air pollution control has stimulated the development of low VOC paints & coatings. This increased the demand for water-based paints & coatings, which in turn, drive the growth of polymer emulsions in the paints & coatings segment.
To know about the assumptions considered for the study download the pdf brochure
Building & construction is the largest end-use industry in polymer emulsion market
The building & construction end-use industry is the largest consumer of polymer emulsion. The growth of the market in this segment is attributed to the high demand for polymer emulsion in architectural paints, deck & trim paints, and elastomeric wall coatings, among others. Excellent durability and high water resistance drive its demand in the end-use industries.
APAC is projected to be the largest polymer emulsion market
APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.
DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan) are the major players in the polymer emulsion market.
Don’t miss out on business opportunities in Polymer Emulsion Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
Monday, 9 August 2021
The Dow Chemical Company (US), and BASF SE (Germany) are Key Players in Polymer Emulsion Market
The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%, between 2020 and 2025. Monomers dissolved in water are known as polymer emulsions. They are formed by a chain reaction known as emulsion polymerization. They are also known as waterborne polymers due to their water content. Polymer emulsions are used increasingly as substitutes for solvent-based polymers. Polymer emulsions have high molecular weight and are considered eco-friendly as they have low VOCs. The key applications of polymer emulsion are paints & coatings, paper & paperboard, adhesives & sealants, and others.
APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.
To know about the assumptions considered for the study download the pdf brochure
The key players in the blowing agents market are DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), Asahi Kasei Corporation (Japan), and others. These players adopt various developmental strategies such as expansions, new product development, agreement, and acquisitions to expand their market share.
The Dow Chemical Company is the largest player in the polymer emulsion market. The company serves various high-growth end-markets, offering an extensive product portfolio that includes all types of polymer emulsions. The company is backward integrated, offering waterborne resins, surfactants, binders, and other products. The company adopted both organic and inorganic strategies, including expansion and agreement between 2016 and 2019.
For instance, in 2018, the company opened a regional sales center located in Toronto, Canada, to address the demand for Canadian customers. These strategies have helped the company to strengthen its position in the North American market.
BASF SE is the second-largest player in the polymer emulsions market. The company offers a wide range of polymer emulsions as well as raw materials such as surfactants and binders which are used to manufacture polymer emulsion.
In 2018, the company expanded its production facilities of Joncryl water-based emulsion at its Ludwigshafen site. This has strengthened the company’s position as one of the leading manufacturers of water-based resin as well as emulsion polymers products.
Don’t miss out on business opportunities in Polymer Emulsion Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
Sunday, 2 May 2021
Rising demand for bio-based polymer emulsion driving the Polymer Emulsion Market
The global polymer emulsion market size is projected to grow from an estimated value of USD 25.2 billion in 2020 to USD 38.1 billion by 2025, at a CAGR of 8.6% during the forecast period. The growth of the market is driven mainly by the increasing demand from growing end-use industries in emerging markets and stringent regulations regarding VOC emission.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1269
Rising environmental concerns and increasing competition amongst market players have encouraged manufacturers to continuously make technological advancement and increase the use of bio-based or green products. This is increasing the demand for lower VOC products, which uses renewable materials as their feedstock.
The acrylics segment accounts for the largest share of the overall polymer emulsion market. Acrylic polymer emulsion is used widely in various applications due to its properties, such as low VOC emission and excellent durability. It is also preferred in multiple end-use applications due to its versatility. Acrylics are used to prepare polymers with rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic properties. They are transparent, have resistance to breakage, provide excellent finish gloss, improved adhesion to non-porous surfaces, and flow and stability. They are also commonly known as polyacrylates.
Paints & coatings is the largest application
The growth of the market is attributed to the high demand in industries, such as construction and automotive. Polymer emulsion is used widely in paints & coatings as its manufacturing process has a lower carbon footprint. The high VOC content of solvent-based products and the implementation of government regulations regarding air pollution control has stimulated the development of low VOC paints & coatings. This increased the demand for water-based paints & coatings, which in turn, drive the growth of polymer emulsions in the paints & coatings segment.
APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.
DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan) are the major players in the polymer emulsion market.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1269
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1269
Rising environmental concerns and increasing competition amongst market players have encouraged manufacturers to continuously make technological advancement and increase the use of bio-based or green products. This is increasing the demand for lower VOC products, which uses renewable materials as their feedstock.
The acrylics segment accounts for the largest share of the overall polymer emulsion market. Acrylic polymer emulsion is used widely in various applications due to its properties, such as low VOC emission and excellent durability. It is also preferred in multiple end-use applications due to its versatility. Acrylics are used to prepare polymers with rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic properties. They are transparent, have resistance to breakage, provide excellent finish gloss, improved adhesion to non-porous surfaces, and flow and stability. They are also commonly known as polyacrylates.
Paints & coatings is the largest application
The growth of the market is attributed to the high demand in industries, such as construction and automotive. Polymer emulsion is used widely in paints & coatings as its manufacturing process has a lower carbon footprint. The high VOC content of solvent-based products and the implementation of government regulations regarding air pollution control has stimulated the development of low VOC paints & coatings. This increased the demand for water-based paints & coatings, which in turn, drive the growth of polymer emulsions in the paints & coatings segment.
APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.
DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan) are the major players in the polymer emulsion market.
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Monday, 7 September 2020
Increased the demand for water-based paints & coatings drive the growth of polymer emulsions
The global polymer emulsion market size is projected to grow from an estimated value of USD 25.2 billion in 2020 to USD 38.1 billion by 2025, at a CAGR of 8.6% during the forecast period. The growth of the market is driven mainly by the increasing demand from growing end-use industries in emerging markets and stringent regulations regarding VOC emission.
Download PDF Brochure to Know More: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1269
The paints & coatings segment is the largest consumer of polymer emulsion. The growth of the market is attributed to the high demand in industries, such as construction and automotive. Polymer emulsion is used widely in paints & coatings as its manufacturing process has a lower carbon footprint. The high VOC content of solvent-based products and the implementation of government regulations regarding air pollution control has stimulated the development of low VOC paints & coatings. This increased the demand for water-based paints & coatings, which in turn, drive the growth of polymer emulsions in the paints & coatings segment.
There is an increasing demand for polymer emulsion from various end-use industries such as paper, construction, textile, transportation, consumer durables, and others due to factors such as rapid urbanization, changing lifestyles, and growing disposable income. The use of polymer emulsion is rapidly increasing in these end-use industries for applications such as paints & coatings, adhesives & sealants, and others.
APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units are available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.
Key Market Players
DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan) are the major players in the polymer emulsion market.
These companies have adopted several growth strategies to strengthen their position in the market. Expansion, new product development, merger & acquisition, and collaboration are the key growth strategies adopted by these players to enhance their product offering & regional presence to meet the growing demand for the polymer emulsion market from emerging economies.
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Monday, 15 June 2020
Asia Pacific is projected to lead the global flock adhesives market
The global flock adhesives market is projected to grow from USD 2.35 Billion in 2017 to USD 3.18 Billion by 2022, at a CAGR of 6.3%. Applications of flock adhesives are increasing due to the increasing requirement for bonding dissimilar materials, substituting traditional materials with synthetic substrates, and increasing focus on reducing VOC emissions. From an engineering and design perspective, adhesives are valued because of their ability to bond dissimilar substrates, resist vibration, and distribute stresses over a wide area. Growth in applications, especially in the emerging markets of Asia Pacific, and the shift in consumer preference toward high-quality and decorative products are driving the growth of the flock adhesives market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240810348
The Asia Pacific, Europe, and North American regions are the major markets for flock adhesives. Asia Pacific has emerged as the leading customer of flock adhesives owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to resources. The growth of the flock adhesives market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities for flock adhesives in the country.
According to China Adhesive Association, China has maintained its position as the world’s leading market of flock adhesives, in terms of production and consumption. The growing middle-class population is one of the major drivers for the flock adhesives market in Asia Pacific (particularly China). The middle-class population in countries such as China and India have been shifting towards purchasing luxury products such as cosmetics, watches, jewelry, and other luxury items. This trend is further expected to increase the demand of flock adhesives, as flocks are extensively used in improving the aesthetics of luxury products.
Key players profiled in the report are Henkel (Germany), H.B. Fuller (US), Sika AG (Switzerland), Dow Chemical (US), Kissel + Wolf (KIWO) (Germany), LORD Corporation (US), Nyatex (US), Stahl Holdings (Netherlands), International Coatings (US), and Gemteks Tekstil Boyalari (Turkey), among others.
Dow Chemical (US) has a strong position in the flock adhesives market and its consumer solutions business segment has a global presence. The company adopted partnerships & collaborations as a key strategy to enhance its position in the flock adhesives market. In June 2016, Dow Automotive and Aston Martin formed a technical partnership which is expected to facilitate an expansion of their collaborative development efforts. As a part of this partnership, a broader portfolio of Dow Automotive, including flock adhesives, will be utilized for Aston Martin production models and race cars. The company provides flock adhesives with a strong focus on green technologies in comparison to other companies. Dow Chemical also offers multiple brands of flock adhesives such as MOR-FLOCK and POLYFLOCK.
Sika AG (Switzerland) adopted the strategy of mergers & acquisitions to strengthen its position in the flock adhesives market. In 2015, Sika acquired Axson Technologies (US), a leader in the formulation of adhesives, composite materials, and encapsulation. The company has plans to expand its revenue and geographical presence with this acquisition and enhance its flock adhesive product offerings. Sika AG offers a wide range of flock adhesives under the brand names SikaMelt, SIKASENSE, and SikaTherm for automotive applications.
Read More: https://www.marketsandmarkets.com/PressReleases/flock-adhesive.asp
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240810348
The Asia Pacific, Europe, and North American regions are the major markets for flock adhesives. Asia Pacific has emerged as the leading customer of flock adhesives owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to resources. The growth of the flock adhesives market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities for flock adhesives in the country.
According to China Adhesive Association, China has maintained its position as the world’s leading market of flock adhesives, in terms of production and consumption. The growing middle-class population is one of the major drivers for the flock adhesives market in Asia Pacific (particularly China). The middle-class population in countries such as China and India have been shifting towards purchasing luxury products such as cosmetics, watches, jewelry, and other luxury items. This trend is further expected to increase the demand of flock adhesives, as flocks are extensively used in improving the aesthetics of luxury products.
Key players profiled in the report are Henkel (Germany), H.B. Fuller (US), Sika AG (Switzerland), Dow Chemical (US), Kissel + Wolf (KIWO) (Germany), LORD Corporation (US), Nyatex (US), Stahl Holdings (Netherlands), International Coatings (US), and Gemteks Tekstil Boyalari (Turkey), among others.
Dow Chemical (US) has a strong position in the flock adhesives market and its consumer solutions business segment has a global presence. The company adopted partnerships & collaborations as a key strategy to enhance its position in the flock adhesives market. In June 2016, Dow Automotive and Aston Martin formed a technical partnership which is expected to facilitate an expansion of their collaborative development efforts. As a part of this partnership, a broader portfolio of Dow Automotive, including flock adhesives, will be utilized for Aston Martin production models and race cars. The company provides flock adhesives with a strong focus on green technologies in comparison to other companies. Dow Chemical also offers multiple brands of flock adhesives such as MOR-FLOCK and POLYFLOCK.
Sika AG (Switzerland) adopted the strategy of mergers & acquisitions to strengthen its position in the flock adhesives market. In 2015, Sika acquired Axson Technologies (US), a leader in the formulation of adhesives, composite materials, and encapsulation. The company has plans to expand its revenue and geographical presence with this acquisition and enhance its flock adhesive product offerings. Sika AG offers a wide range of flock adhesives under the brand names SikaMelt, SIKASENSE, and SikaTherm for automotive applications.
Read More: https://www.marketsandmarkets.com/PressReleases/flock-adhesive.asp
Thursday, 28 November 2019
Automotive Application to Dominate Flock Adhesive Market Between 2017 and 2022
The global flock adhesives market is projected to grow from USD 2.35 billion in 2017 to USD 3.18 billion by 2022, at a CAGR of 6.3% in terms of value. Factors driving the growing use of the flock adhesives market are the increasing demand for lightweight and low carbon emitting vehicles and high demand for flock adhesives from the Asia Pacific region.
Download PDF Brochure to know more: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240810348
Automotive is one of the largest application areas of flock adhesives. Flock adhesives play an important role in improving the aesthetics and performance of automobiles. The growth of the flock adhesives market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities of flock adhesives in the country.
The automotive segment will continue to represent the bulk of the demand for flock adhesives due to the increasing requirement for bonding dissimilar materials, substituting traditional materials with synthetic substrates, and increasing focus on reducing VOC emissions. From an engineering and design perspective, flock adhesives are valued because of their ability to bond dissimilar substrates, resist vibration, and distribute stresses over a wide area.
Technological advancements in the end-use industries are fueling the demand for flock adhesives in the North American and European markets. Less cure time and increased performance benefits offered by flock adhesives, such as high-performing seals, better adhesion to a variety of substrates, and resistance to chemicals & gas are boosting the market. For the past few years, energy prices in North America have increased, affecting end-user expenses. Therefore, the end users are more interested in new or different technologies and products that can help them counter the rising energy expenses. For instance, flock adhesives play a major role in reducing the weight of the vehicles, which results in energy conservation and subsequently in reducing energy expenses. This is a major factor which is driving the demand for flock adhesives and their technologies, especially the electrostatic technology that meets the energy efficiency requirements.
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Asia Pacific is the leader in terms of consumption of flock adhesives. Stringent environmental regulations to reduce the weight of automobiles, increasing demand for luxury products, and increasing screen printing in textile applications have led to the early adoption of flock adhesives in Asia Pacific. The market for flock adhesives is projected to register the highest CAGR in Asia Pacific in the next five years.
Thursday, 10 October 2019
Increasing demand in emerging economies is expected to drive the growth of the polymer emulsion market
The polymer emulsion market size in 2018 was estimated to be USD 29.8 billion and is projected to reach USD 42.9 billion by 2023, at a CAGR of 7.6%. The polymer emulsion market is driven by the demand and dynamic applications in building & construction, automotive & transportation, and other industries. Factors such as stringent government regulation related to VOC emissions and increasing awareness towards environment-friendly products are driving the consumption of polymer emulsion. However, volatile raw material prices adversely affect the growth of the polymer emulsion market.
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On the basis of type, the market is segmented into acrylics, vinyl acetate polymers, SB latex, and other polymer emulsions. The acrylics segment accounts for the largest share of the overall polymer emulsion market. The acrylics segment is also projected to witness the highest CAGR between 2018 and 2023. They are in high demand in a wide range of applications due to their superior properties such as durability and versatile nature. These are widely used in paints & coatings and adhesives applications. The vinyl acetate polymers segment accounts for the second-largest share of the overall polymer emulsion market. The high demand for vinyl acetate is due to its low price and wide usage in the construction industry.
On the basis of application, the market is segmented into paints & coatings, adhesives & sealants, paper & paperboard, and others. The polymer emulsion market is expected to witness the highest growth in the paper & paperboard segment during the forecast period. This growth is attributed to the increasing demand for polymer emulsion coated paper & paperboard for flexible packaging applications. The paints & coatings segment is the largest consumer of polymer emulsion. It is widely used in this segment because of its low VOC content and ease in storage and handling.
The APAC polymer emulsion market is projected to witness the highest CAGR between 2018 and 2023. The market in the region is dominated by China. The need to reduce VOC emissions and the growing demand from end-use applications such as paints & coatings and adhesives are driving the demand for polymer emulsion in the region. The rapid expansion of the building & construction and related infrastructure, increasing manufacturing activities, increasing disposable income, and strong economic growth is expected to further propel the growth of the polymer emulsion market.
Wednesday, 7 August 2019
Acrylics and epoxy, the largest types of conformal coatings
Conformal coatings are available in various types such as, acrylics, epoxy, urethane, silicone, parylene, and others. The acrylics segment accounted for the largest market share, in terms of volume as well as value, followed by epoxy. Acrylic conformal coatings accounted for the largest share due to their inexpensive nature and easy-to-apply properties. The rising demand of environmental friendly or volatile organic compounds (VOCs)-free conformal coatings in countries such as Germany and France is expected to drive this market. New products such as Certonal FC-742 and Never Wet are gaining attention, which are likely to enhance the utilization and application areas of conformal coatings.
The market is driven by increasing demand for conformal coatings in emerging markets and high demand from the electronics, aerospace & defense, automotive & transportation, industrial, and marine industries. Asia-Pacific is projected to witness s strong growth in the future. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Conformal coatings find applications in the following industries: automotive & transportation, manufacturing Industries, aerospace & defense, electronics, and marine industry. The electronics industry is estimated to be the largest end-use industry of conformal coatings. The growing electronic industry and the need for conformal coatings on PCBs for better performance in vulnerable environments have been the key drivers for the dominance of the electronic industry in the conformal coating market.
The global conformal coatings market is estimated to reach USD 12.28 Billion by 2021, registering a CAGR of 4.7%. The market is driven by increasing demand for conformal coatings in emerging markets and high demand from printed circuit boards in electronics and automotive & transportation industries. Conformal coatings have unique properties, such as high resistance to dust, moisture, salts, corrosion, high temperature, and humidity and they increase the reliability of electronic equipment by 3 to 5 years.
The report “Conformal Coatings Market by Type (Acrylics, Epoxy, Urethane, Silicone, Parylene, and Others), by End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Industrial, Marine, and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Global Trends & Forecasts to 2021“.
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Wednesday, 24 July 2019
Expansion was the Key Strategy Adopted by the Leading Players of the Polymer Emulsion Market
The polymer emulsion market size is expected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, at a CAGR of 7.6%. The global polymer emulsion market is expected to be driven by growing end-use industries such as automotive & transportation and building & construction, especially in the emerging economies. Stringent governmental regulations such as REACH Europe and the Clean Air Act as well as growing awareness towards green building are also driving the polymer emulsion market.
The polymer emulsion market’s competitiveness is continuously increasing with growing demand from various end-use industries. Major polymer emulsion players have adopted various strategies to capture market share and retain their position in the market. DIC Corporation (Japan), DowDuPont (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Omnova Solutions Inc. (US) are the key players in the polymer emulsions market.
To know about the assumptions considered for the study download the pdf brochure
DowDuPont (US) is the largest player in the market. In May 2018, The Dow Chemical Company, subsidiary of DowDuPont, opened a new Eastern Canada Regional Sales Center in Toronto. The center will serve as a strategic commercial hub for Dow and will increase collaboration and address the needs of Canadian customers. Furthermore, in May 2017, the company signed two agreements to advance Dow’s strategic innovation agenda in the Kingdom of Saudi Arabia. The company will construct a state-of-the-art manufacturing facility to manufacture a range of water-treatment and coatings products. The new facility will serve the country’s need with an innovative range of acrylic-based polymers for architectural and industrial coatings as well as detergent and water-treatment applications.
BASF SE (Germany) is the second-largest player in the market. The company produces a broad range of polymer emulsion for different applications. In March 2018, the company expanded its production facility of Joncryl water-based emulsions at its Ludwigshafen site. This will strengthen the company’s position as a leading manufacturer of water-based resin and emulsion which are used in overprint varnishes, printing inks, as well as functional coatings for flexible packaging and paper & board applications. This is one of the major expansion strategies adopted by the player in the market.
Celanese Corporation (US) maintains its key position by adopting expansion as a strategy in the polymer emulsion market. In September 2016, the company started production at its newest VAE production unit in Jurong Island, Singapore. This will meet the growing demand for eco-friendly materials in the Southeast Asia region and will support the company’s strategy to add production facilities close to its customer base. In the same year, the company expanded its vinyl acetate/ethylene emulsion product portfolio with the addition of Celvolit 149HV at its Nanjing, China plant. This positioned the company to deliver greater value in adhesive applications to their customers.
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Thursday, 4 July 2019
Dow Chemical (US) and Sika AG (Switzerland) are the Key Players in the Flock Adhesives Market
The global flock adhesives market is projected to grow from USD 2.35 Billion in 2017 to USD 3.18 Billion by 2022, at a CAGR of 6.3% in terms of value. Factors driving the growing usage of flock adhesives are the application expansion achieved through the improved quality of flock adhesives and increased demand for coated fabrics and luxury products globally. The growth in applications, especially in the emerging markets of Asia Pacific and the shift in consumer preference toward high-quality standard and decorative end–use products such as luxury packaging are driving the growth of the flock adhesives market. However, the macro factors such as the global economic slowdown and volatile raw material prices could affect the market growth.
To know about the assumptions considered for the study, download the pdf brochure
Key players in the flock adhesives market are Henkel (Germany), H.B. Fuller (US), Sika AG (Switzerland), Dow Chemical (US), Kissel + Wolf (Germany), and Lord Corporation (US), among others. These players have adopted various strategies to expand their global presence and increase their shares in the flock adhesives market. New product launches, expansions, partnerships & collaborations, and mergers & acquisitions are some of the major strategies adopted by the market players to achieve growth in the flock adhesives market. These players have established their brands and are associated with different resin types of flock adhesives, such as acrylics, polyurethanes, epoxy resins, polyvinyl acetate, and ethylene vinyl acetate.
Dow Chemical (US) has a strong position in the flock adhesives market and its consumer solutions business segment has a global presence. The company adopted partnerships & collaborations as a key strategy to enhance its position in the flock adhesives market. In June 2016, Dow Automotive and Aston Martin formed a technical partnership which is expected to facilitate an expansion of their collaborative development efforts. As a part of this partnership, a broader portfolio of Dow Automotive, including flock adhesives, will be utilized for Aston Martin production models and race cars. The company provides flock adhesives with a strong focus on green technologies in comparison to other companies. Dow Chemical also offers multiple brands of flock adhesives such as MOR-FLOCK and POLYFLOCK.
Sika AG (Switzerland) adopted the strategy of mergers & acquisitions to strengthen its position in the flock adhesives market. In 2015, Sika acquired Axson Technologies (US), a leader in the formulation of adhesives, composite materials, and encapsulation. The company has plans to expand its revenue and geographical presence with this acquisition and enhance its flock adhesive product offerings. Sika AG offers a wide range of flock adhesives under the brand names SikaMelt, SIKASENSE, and SikaTherm for automotive applications. The company offers both water-based and solvent-based one-component and two-component flock adhesives to cater the demand from the automotive industry.
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