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 

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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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The Key Development Strategies are Adopted by Leading Players for Boosting the Growth of the Carbon Capture, Utilization, and Storage Market

 

Carbon capture, utilization, and storage are used in a variety of end-use industries, including natural gas, power generation, hydrogen, fertilizers, oil refining, and others. Led by strong end-user demand, the carbon capture, utilization, and storage industry is growing at a rapid pace. However, amidst the global COVID-19 pandemic, the demand for carbon capture, utilization, and storage from the above-mentioned industries is expected to show a sharp decline in 2020 from 2019. The global carbon capture, utilization, and storage market size is projected to grow from USD 2.1 billion in 2021 to USD 7.7 billion by 2026, at a CAGR of 29.8%.

Over the past few years, companies have strengthened their positions in the global carbon capture, utilization, and storage market by adopting strategies, such as new product launch/ development, expansion, agreement/partnership, and acquisition. From 2016 to 2020, new product launch and partnerships have been the key strategies adopted by the market players to maintain their growth in the global carbon capture, utilization, and storage market. For instance, in September 2020, Mitsubishi Shipbuilding Co., Ltd., which is a part of Mitsubishi Heavy Industries, Ltd. (MHI), worked with Nippon Kaiji Kyokai (Japan) and Kawasaki Kisen Kaisha, Ltd. (Japan) to conduct test operations and measurements for a small-scale ship-based CO2 capture demonstration plant. This technology was tested to verify the equipment’s use as a marine-based CO2 capture system. Similarly, in July 2020, the Norwegian energy giant, Equinor, announced plans for leading a project to develop one of the UK’s and the world’s first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project will be located at Saltend Chemicals Park that will enable industrial customers to switch over to hydrogen fully. Consequently, emissions from Saltend Chemicals Park would reduce nearly by 900,000 tons of CO2 per year, according to Equinor.

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The Carbon capture, utilization, and storage business of these companies is severely affected due to the outbreak of COVID – 19 pandemic. The lockdown strategies and restrictions on physical movements led to delay in work due to supply chain disruptions along with the falling productivity across manufacturing facilities. Moreover, the lockdown has delayed the upcoming projects, which has affected the growth of the carbon capture, utilization, and storage market.

The major manufacturers profiled in this report include Fluor Corporation (US), ExxonMobil Corporation (US), Linde plc (UK), Royal Dutch Shell Plc (Netherlands), Mitsubishi Heavy Industries, Ltd (Japan), JGC Holdings Corporation (Japan), Schlumberger Limited (US), Aker Solutions (Norway), Honeywell International Inc. (US), Equinor ASA (Norway), TotalEnergies SE (France), Hitachi, Ltd (Japan), Siemens AG (Germany), General Electric (US), and Halliburton (US). These companies adopted various organic and inorganic growth strategies. For instance, in November 2021, ExxonMobil Corporation and Pertamina entered into a memorandum of understanding and planned to evaluate Indonesias large-scale deployment of low-carbon technologies.

Equinor ASA conducts operations in the oil & gas industry, such as exploration, production, transport, refining, and marketing petroleum and petroleum-based products. The company engages under the following operating segments: crude oil, natural gas, refined products, natural gas liquids, and others. It is involved in various activities related to fields and platforms, terminals and refineries, trading, transport, & shipping; renewable energy, and decommissioning on the Norwegian Continental Shelf (NCS). Equinor is a leading pioneer in carbon capture, utilization, and storage technology. Projects related to carbon capture, utilization, and storage are also carried out under the same division. The company has been developing carbon capture, utilization, and storage technology for more than 20 years and is a part of around 40 carbon capture, utilization, and storage projects globally.

Royal Dutch Shell Plc, through its subsidiaries, engages in the oil and natural gas exploration, production, refining of petroleum. The company operates its business through five segments: integrated gas, upstream, oil products, chemicals, and corporate. It produces fuels, chemicals, and lubricants. The company owns and operates gasoline filling stations worldwide. It is also investing in power, including low-carbon sources, such as wind and solar; and new fuels for transport, such as advanced biofuels and hydrogen. It is implementing various carbon capture and storage projects at Gorgon (Australia), Quest (Canada), and Northern Lights (Norway). The company is taking an innovative approach and using advanced technologies to help build a sustainable energy future.

ExxonMobil Corporation is a leading global player in the energy and chemical business. The company has the highest carbon capture capacity, nearly double its next competitor and greater than the next five players combined. It has its expertise in all three business divisions: chemical, upstream and downstream operations. The chemical business markets petrochemicals, including a wide variety of performance materials. The upstream business is involved in oil and natural gas exploration. Its downstream business deals in lubricants and derivatives of crude oil. Currently, it has captured 40% of the total global carbon capture, utilization, and storage capacity.

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Increasing industrialization in developing economies drives the Corrosion Inhibitors Market

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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3M company (US) and Medtronic PLC (US) are Leading Players in the Medical Adhesive Tapes Market

The global medical adhesive tapes market is estimated at USD 8.6 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The drivers of market growth are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers.

The key players of the market include 3M company (US), Medtronic PLC (US), Medline Industries (US), Avery Dennison Corporation (US), Johnson & Johnson (US), Smith & Nephew plc (United Kingdom), Nichiban (Japan), Paul Hartmann AG (Germany), Nitto Denko Corporation (Japan) and Scapa Group PLC (United Kingdom). Mergers & acquisitions, and investments & expansions have been the major strategies adopted by the key players between 2016 and 2021, to enhance their market shares and expand their global presence.

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In line with the rising demand for medical adhesive tapes, 3M Company offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through four business segments, namely, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. In the medical and surgical area, 3M is a supplier of medical tapes, dressings, wound closure products, orthopedic casting materials, electrodes, and stethoscopes. 3M Company (US) holds a top position due to its strong product portfolio. The company manufactures customized solutions based on concerned industries and applications. Moreover, 3M has leveraged its strong financial background and distribution network to expand its business in China and the US. 3M acquired Acelity Inc. (US) in October 2019. Acelity is a recognized leading provider of advanced wound care technologies and solutions and received USD 1.5 billion revenue in 2018. This acquisition is an excellent complement to 3M’s Health Care business and bolsters the company’s medical solutions business and supports its growth strategy to offer comprehensive, advanced, and surgical wound care solutions.

Medtronic Inc. occupies second position due to its global distribution capabilities and its strong financial background that strengthens its market position. The company has expanded in markets in Latin America and Asia -Pacific. The company’s Minimally Invasive Therapies Group is further divided into Surgical Solutions and Patient Monitoring & Recovery. It offers medical tapes and bandages under its Patient Monitoring & Recovery subsegment. This business segment primarily sells incontinence, wound care, enteral feeding, urology, and suction products. On August 2021, Medtronic plc, the global leader in medical technology, announced that it has entered into a definitive agreement with Intersect ENT, a global ear, nose, and throat (ENT) medical technology leader dedicated to transforming patient care, under which Medtronic will acquire all outstanding shares of Intersect ENT for USD 28.25 per share in an all-cash transaction with an enterprise value of approximately USD 1.1 billion.

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Saint-Gobain (France) and Zeus Industrial Products (US) are the Major Players in the Fluoropolymer Tubing Market

The global fluoropolymer tubing market size is projected to grow from USD 513 million in 2021 to USD 662 million by 2026, at a CAGR of 5.2% between 2021 and 2026. The major factors driving the market are aging population, rising demand for semiconductor microchips, new applications of fluoropolymer tubing, such as solar panels & electric vehicles (EVs), high growth in end-use industries, and industrialization in Asia Pacific. Moreover, increasing demand for fluoropolymer tubing in the medical industry, and technical advancements in medical technologies is expected to drive the demand for fluoropolymer tubing.

North America is a mature markets for fluoropolymer tubing. North America accounted for the largest share of the global fluoropolymer tubing market in 2020, and it is projected to continue leading the market during the forecast period because of the focused interest of governments in healthcare expenditure, EV developments, and a large presence of fluoropolymer tubing manufacturers.

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The major players in the market include Saint-Gobain (France), Optinova (Finland), TE Connectivity (Switzerland), Ametek (US), Teleflex Inc. (US), Tef-Cap Industries (US), Zeus Industrial Products (US), Fluorotherm (US), Parker Hannifin (US), Swagelok (US) and Adtech (UK) are some of the leading players in the market. These players have adopted various growth strategies to expand their presence in the market further. New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global fluoropolymer tubing market.

Saint-Gobain SA is one of the leading manufacturer of high-performance solutions and plastics. The company has manufacturing facilities North America, Europe, and Asia. In recent years, Saint-Gobain SA has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including investment & expansion, and new product launch, to maintain its position in the fluoropolymer tubing market. For instance, in October 2021, Saint-Gobain SA has launched new products to its protection application selection guide, such as PTFE heat shrink tubing, FEP & PFA roll covers, PTFE/FEP dual heat shrink tubing, and FEP heat shrink tubing for critical applications where protection of components and industrial parts are required.

Zeus Industrial Products is one of the major players operating in fluoropolymer tubing market. The company has manufacturing facilities in South Carolina, New Jersey, and Tennessee in the US. The company offers several products and services to the medical industry that comprise catheter construction solutions, heat shrink tubing, and others. The company has adopted new product launch, acquisitions, and agreements strategies in order to broaden its product portfolio and maintain its position in the market. For instance, in March 2020, Zeus Industrial Products launched StreamLiner OTW within its StreamLiner family of thin, extruded PTFE catheter liners.

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New Product Launches is the key strategy adopted by the leading players to Grow in the Geomembranes Market

Geomembranes are impermeable membrane liners or barriers used to block the movement of water, fluids, or other materials of soluble nature in man-made structures. The global geomembranes market is projected to reach USD 3.41 Billion by 2021 at a CAGR of 9.2% from 2016 to 2021. Globally, the demand for geomembranes is high, which is triggered by the growing level of environmental awareness around the world, as these are used for the safe disposal of hazardous waste and lowering water pollution levels. In addition to this, the increasing applicability of geomembranes in numerous applications including waste management, water management, mining, tunnel lining, aquaculture, coal ash ponds, and golf ponds, among others, is one of the key factors driving the geomembranes market.

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Companies operational in the geomembranes market adopted strategies, such as new product launches, expansions, mergers & acquisitions, and agreements to achieve growth. New product launches is the key strategy adopted by the market players in the geomembranes market. This strategy accounted for a share of 41.7% of the total growth strategies adopted by market players between 2012 and 2017. Some of the key players, including GSE Environmental, LLC (U.S.), Solmax International, Inc. (Canada), Agru America, Inc. (U.S.), Atarfil SL (Spain), NAUE GmbH & Co. KG (Germany), Officine Maccaferri S.p.A (Italy), Colorado Lining International, Inc. (U.S.), Plastika Kritis S.A. (Greece), Firestone Building Products Company, LLC (U.S.), and Carlisle SynTec Systems (U.S.) have adopted these strategies to develop their businesses, globally.

GSE Environmental LLC (U.S.) is a leading player in the global geomembranes market. As a part of its growth strategy, the company developed a new product, the Photocurable geomembrane which has properties such as superior elasticity and curability, in November 2013. This product launch was expected to help the company to improve its product portfolio, especially coatings, molding materials, and adhesives. Also, in May 2014, GSE opened a new geosynthetics manufacturing plant in Suzhou, China to support the growing demand for geosynthetics in the country. The plant is built with the latest technology to manufacture all types of geomembranes developed by the company.

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Solmax International, Inc. (Canada) is another major manufacturer of geomembranes and one of the largest producers across the globe. As a part of its business strategy, the company focuses on new product launches. In June 2015, the company launched the HLR Series geomembranes that possess special properties, such as durability and efficient performance at temperatures as high as 100°C.

Automotive is expected to the largest end-use industry of glass filled nylon Market between 2019 and 2024

The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.

Automotive is the largest end-use industry of glass filled nylon. Glass filled nylon is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamides are also cheaper in unit cost in comparison to metals, which make them an economic alternative. Glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.

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Recent Developments

• In September 2017, BASF SE signed an agreement related to the sale of Solvay’s integrated polyamide business.
• In September 2018, Asahi Kasei Corporation acquired Sage Automotive Interiors Inc. and consolidated its glass filled nylon business.
• In October 2018, Lanxess launched a new polyamide to enhance its new product development capabilities and cater to the increasing demand for glass filled nylon.

Scope of the report

Report Metric	Details
Years considered for the study	2017–2024
Base year	2018
Forecast period	2019–2024
Units	Value (USD Million), Volume (Kiloton)
Segments	Type, Manufacturing Process, Glass Filling, End-Use Industry, and Region
Regions	North America, Europe, APAC, MEA, and Latin America
Companies	BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik Industries (US), and Ascend Performance Materials (US).Total 20 major players covered.

APAC is expected to lead the glass filled nylon market during the forecast period.
APAC is a key glass filled nylon market due to the booming electrical & electronics and industrial sectors. China is one of the key consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry and is expected to strengthen its market position.

The glass filled nylon market comprises major manufacturers such as BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).

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Home care, personal care, and oil & gas applications to drive the growth of Anionic Surfactants market

The anionic surfactants market was estimated at USD 16.36 billion and is projected to reach USD 20.10 billion by 2022, at a CAGR of 4.2%. The market is expected to witness high growth in several growing economies of Asia Pacific and the Middle East & Africa owing to the increasing spending power, growth in the infrastructure industry, and growth in the manufacture of detergents and cosmetics. Increasing population and rising consumption of personal care products are also contributing significantly to the growth of the anionic surfactants market in Asia Pacific.

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Home care
Anionic surfactants are used in home care applications such as laundry detergents, dishwasher detergents, carpet cleaners, floor cleaners, and various types of fabric softeners. Anionic surfactants in detergents help remove oil, dirt, and unwanted particles from fabrics, dishes, and other surfaces. They not only remove the dirt and unwanted particles but also keep them suspended during washing, resulting in a cleaner surface. Anionic surfactants are mainly used in the soap & detergents industry due to their surface tension reduction and wettability properties.

Personal care
Anionic surfactants, when added to a liquid, reduces the surface tension. The reduction in surface tension enhances the spreading and wetting properties. Anionic surfactants are responsible for antimicrobial properties, foaming and conditioning properties (in the case of shampoos, face washes, and skin care creams), mild detergency actions, and preservative properties that are essential in the personal care industry. They also act as cleansing agents, emulsifiers, foaming agents, solubilizers, and wetting agents and hence are mainly used in make-up, skin care, hair care, oral care, and other personal care products.

Oil & Gas
The global oil & gas industry uses different specialty chemicals, including anionic surfactants, to produce oil, natural gas, and coal bed methane. The EOR technique extensively uses anionic surfactants that lead to additional oil recovery. The other applications of anionic surfactants in the oil & gas industry are well stimulation, drilling/completion, production/refining, and pipeline transport. In the oil & gas industry, anionic surfactants can be used for different purposes as emulsifiers, dispersants, corrosion inhibitors, foam controlling agents, wetting agents, suspending agents, and biocides. Major oilfield surfactants are sulfates, sulfonates, and lignosulfonates.

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming product type of anionic surfactants?

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The global anionic surfactants market is becoming increasingly competitive, there are many market participants, and some of these are market leaders. AkzoNobel (Netherlands), BASF (Germany), Clariant (Switzerland), DowDuPont (US), and Evonik (Germany), among others. These top players have significant control over the market and they retain their respective positions by launching new products and undertaking substantial investments to comply with regulations to produce energy-efficient and environment-friendly products. New product launch, expansion, merger & acquisition, and contract & agreement are some major strategies adopted to achieve growth in the anionic surfactant market.

Furfural Market Analysis & Global Forecast to 2024

Furfural is an organic intermediate obtained using renewable sources. It finds use in various applications such as derivatives and solvents as it is a green chemical and has no adverse effect on the environment during its consumption and production.

The furfural market size is projected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) of 4.9%, during the forecast period.

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Key questions addressed by the report

• What was the market size of furfural in 2018?
• What are the global trends in demand for furfural?
• Will the market witnessed an increase or decline in demand in the near future?
• What were the revenue pockets for furfural in 2018?
• Who are the key players in the global furfural market?

“Corncob is the largest raw material segment of the furfural market.”

Corncob is extensively used as the raw material for furfural. This is mainly due to the high presence of xylose and pentosan, which are converted into furfural during the synthesis.

“The derivatives application is expected to register the fastest growth during the forecast period.”

The derivatives application is estimated to grow at the fastest rate during the forecast period due to the high demand from various end-use industries. Furfuryl Alcohol (FA) is the major derivative, which consumes almost 80–85% of the furfural produced around the world.

The leading players in the furfural market are Transfuran Chemicals (Belgium), Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation (China), KRBL(India), Lenzing (Austria), Tanin (Slovenia), and Shandong Crownchem Industries (China).

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Refinish Paint Market Analysis & Forecast 2022

The refinish paint market for automotive is projected to grow from USD 7.00 billion in 2017 to USD 8.50 billion by 2022, at a CAGR of 4.0%. In this study, 2016 is considered as the base year to estimate the size of the automotive refinish coating market, while 2017 to 2022 is considered as the forecast period. The major factor driving the refinish paint market for automotive is the increasing demand for vehicles worldwide along with their collision rate and the ability of car owners to repair vehicles post the collision.

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Based on technology, the solventborne led the refinish paint for automotive coating market. However, due to stringent environmental regulations in North America and Europe, the market share for this segment is expected to decrease during the forecast period. They are increasingly being replaced by other technologies such as waterborne and powder coating in automotive refinishing due to the growing concerns regarding the content of VOC in solvents.

By resin type, the polyurethane resin segment accounted for the largest share of the refinish paint market for automotive in 2016. The growth of this segment is backed by its preference in clearcoat and basecoat layers due to its excellent weather, corrosion, and mechanical resistance.

By vehicle, the passenger car segment led the refinish paint market for automotive and is expected to maintain its dominance during the forecast period. Increasing demand for cars in emerging economies such as China, India, Mexico, and others is fueling the growth of this segment. The growth is also backed by the rising income of the middle-class population and increased the propensity of car owners to refinish after the collision.

APAC is the largest and fastest-growing market for automotive refinish coating market. China and India are the fast-growing markets in APAC. Key factors expected to drive the refinish paint market for automotive in APAC are the increased car parc, high collision rate, and strong economic conditions.

Companies operating in the refinish paint market for automotive are majorly focusing on inorganic growth to increase its global footprint and market share. Axalta (US), PPG Industries (US), BASF (Germany), Sherwin-Williams (US), Kansai Paint (Japan), Nippon Paint (Japan), KCC Corporation (Korea), and AkzoNobel (Netherlands) are some of the leading players in the refinish paint market for automotive.

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Key Strategies Adopted by Leading Players in the Global Methyl Tertiary Butyl Ether Market

Methyl Tertiary Butyl Ether (MTBE) is extensively used in gasoline, as it enables reduction in the knocking effect that leads to inefficient burning and engine damage in gasoline engines.

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Major companies offering MTBE are majorly involved in expansions and acquisitions to strengthen their positions in the MTBE market. These market players have adopted expansions as their major strategy to expand their global reach. Some companies concentrated more on the agreements and joint ventures strategy.

Prominent players majorly adopted the expansions strategy to enhance their customer network in the MTBE market. For instance, in July 2015, Evonik Industries (Germany) expanded its C-4 output at Antwerp and Marl (Germany) to increase the output of MTBE. This helped the company to improve its market position and support its plans for an increase in customers. In July 2016, Eni S.p.A (Italy) expanded its MTBE production plant in Ravenna for a 50% capacity expansion during maintenance in August. The Ravenna site on the Adriatic coast, between Venice and San Marino, can produce either Methyl Tertiary Butyl Ether (MTBE) or Ethyl Tertiary Butyl Ether (ETBE) and is currently geared to manufacture the former. The plant has a capacity of 140,000 tons, and a 50% increase would lift this to around 210,000 tons. This is expected to help the company meet the increased demand for MTBE.

Major MTBE producers are SABIC (Saudi Arabia), Evonik Industries (Germany), CNPC (China), Huntsman (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), ENOC (UAE), and Qafac (Qatar). SABIC (Saudi Arabia) and LyondellBasell (Netherlands) are the most active players in the MTBE market. These companies adopted various strategies to enhance their market shares in the global MTBE market between 2017 and 2022.

SABIC (Saudi Arabia) develops, manufactures, sells, and markets MTBE for gasoline blending, and is the largest MTBE producer in the world. The company has adopted acquisitions as a major growth strategy to enhance its regional presence. For instance, SABIC entered into an agreement with Shell for a 50% stake in its Sadaf Chemicals. This acquisition is expected to cater to the interests of both the companies in the future and further optimize operations at Sadaf.

LyondellBasell (Netherlands) manufactures, sells, and markets MTBE for gasoline blending. It is one of the major players that have established a strong foothold in the MTBE market and is the second-largest MTBE producer in the world. The company is focused on expansions as its key growth strategy to meet the growing demand from customers. In 2017, the company announced its decision to build the world’s largest Propylene Oxide (PO) and Tertiary Butyl Alcohol (TBA) plant in the Houston area. The project is estimated to cost approximately USD 2.4 billion. TBA will be converted to two ether-based oxyfuels, MTBE and ETBE. 

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Global Growth of Digital Inks Driven by Top 3 Markets: China, the US, and Japan

Improvements in digital printing have led to the increased use of digital inks in high-end point-of-purchase retail applications, such as soft signage printing. In soft signage printing, vinyl is being replaced with fabrics as a substrate, owing to the lightweight nature of fabrics.

The digital inks market is projected to reach USD 4.17 billion by 2023, at a CAGR of 9.1% from 2018 to 2023. The development of the digital textile market has majorly contributed to the growth of the digital inks market.

China is the largest market for digital inks in the world. Growth in the Chinese retail sector has driven the demand for digital inks in the country, especially in the advertising & promotion application. Growth has also been witnessed in the Chinese retail sub-sectors, such as cosmetics, jewelry, sports & leisure articles, furniture, communication devices, household appliances, and consumer electronics. The US and Japan, the next two largest markets after China, will also offer significant growth opportunities for the players involved in the digital inks market.

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Key Questions

• What is the reason behind the high growth rate of the digital inks market?
• New players are venturing into the digital inks market. How will this affect the digital inks industry?
• The digital inks market is witnessing rapid changes. How far is digital textile printing likely to drive the innovation?
• How is digital printing replacing solvent-based printing?

The slowdown of the publishing market is a restraint for the digital inks market. The emergence of the online media has contributed to a rise in digital content, which, in turn, has impacted the print media business. Ink consumption is declining due to the low demand for published books, printed newspapers, and catalogs.

Key players operating in the digital inks market include Sun Chemical (US), INX International Ink (US), Toyo Ink SC Holdings Co. (Japan), JK Group (Italy), and Nazdar Company (US), among others. These companies focus on enhancing their product portfolios to grow in the digital inks market.

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.

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Polyetherimide (PEI) Market Trends & Technological Advancements by 2024

The Polyetherimide (PEI) Market size is estimated to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% between 2019 and 2024. The increasing demand from the transportation sector, electrification of vehicles, and replacement of metals and specialty polymers with PEI in heat resistance applications are expected to drive the market.

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Injection molding is projected to be the fastest-growing process type segment of the PEI market. PEI is used in applications such as medical and electronics due to its strength and rigidity. This amber, high-performance polymer also provides properties such as dimensional stability and chemical resistance. PEI is ideal for environments that include hot air and water, as it is hydrolytically stable, can be resistant to heat for an extended period, and has excellent electrical properties. PEI processed through injection molding is used in applications such as medical devices, instrument trays, and electrical enclosures.

PEI sheet is projected to be the fastest-growing form. It is resistant to UV radiation even in unreinforced grade and offers properties such as high dielectric constant, making it an excellent electrical insulator. The general application of PEI sheet includes electrical switchgear, connectors, microwave cookware, under bonnet components, non-combustible plenum connectors, jet engine components, printed wiring boards, aircraft interiors, and electrical hardware components.

The transportation end-use industry is the fastest-growing segment of the polyetherimide (PEI) market. In terms of volume, the transportation end-use industry is estimated to lead the PEI market, while the electrical & electronics segment is estimated to account for the second-largest share of the global polyetherimide (PEI) market. The use of PEI has been increasing due to its ability to replace metal and other thermosets and bulk molding compounds. PEI is apt for applications that require high heat resistance, strength, and chemical resistance. The largest application of PEI is in the electrical and lighting systems, followed by under-the-hood applications.

“Europe to account for the largest share in the PEI market during the forecast period.”

The key countries contributing to the growth of the PEI market in Europe are Germany, France, the UK, Italy, and Spain. Favorable government policies are expected to provide growth opportunities for R&D in the electronics & semiconductor and automotive industries in these countries. The growth in R&D investment in the region is mainly driven by the automotive, information and communications technology (ICT), and healthcare industries, which is expected to boost the demand for PEI in the region.

LTCC Market and HTCC Market- Current Trends and Future Aspect Analysis 2019 – 2024

The use of co-fired ceramic is increasing due to its useful properties such as excellent physical, chemical inactivity, hermicity, and high thermal stability. The LTCC market and HTCC market size is estimated to be USD 916 million in 2019 and is expected to reach USD 1.1 billion by 2024, at a CAGR of 4.5% between 2019 and 2024. The increasing use of co-fired ceramic in the automotive, telecommunications, and aerospace & defense is bolstering the market growth, globally.

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Based on material used, the market for co-fired ceramic is segmented as glass-ceramic and ceramic. Glass-ceramic material type dominated the overall LTCC market and HTCC market in 2018, in terms of volume & value both. This is due to the high demand for glass-ceramic material used in LTCC process for automotive, telecommunications, aerospace & defense applications. In the automotive industry, it is primarily used to make advanced wireless technology such as Bluetooth, used in high radio frequencies. In the telecommunications sector, co-fired ceramics are used in mobiles, play stations, and high radio frequency data transfer.

The co-fired ceramic is divided into five end-use industries, such as automotive, telecommunications, aerospace & defense, medical, and others. The automotive end-use industry is expected to witness the highest growth in the coming years. The demand for excellent mechanical properties such as excellent physical, chemical inactivity, hermicity, and high thermal stability is expected to boost the market for co-fired ceramic in various end-use industries.

The Asia Pacific is one of the leading LTCC market and HTCC markets. The growing demand from the aerospace & defense, automotive, and telecommunications sectors is driving the market in the region. The Asia Pacific region has the presence of co-fired ceramic manufacturers and telecommunications component manufacturers. China accounted for a significant share of the global LTCC market and HTCC market and is expected to register substantial growth during the forecast period. The increasing wireless devices production and introduction of 5G across all electronic end-users are expected to drive the demand for co-fired ceramic in China.  

Steel Rebar Market 2021- An Emerging Market with Attractive Growth Opportunities

Steel rebar or reinforcement bars are used to strengthen the ability of concrete to resist tension in construction. The steel rebar market is expected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for steel rebar for the infrastructure, housing, and industrial segments across the globe.

On the basis of end user, the steel rebar market has been classified into infrastructure, housing, and industrial segments. The infrastructure segment of the steel rebar market includes highways, dams, bridges, and roads, among others. The housing segment includes real estate, hospitals, schools, and petrol pumps among others, while the industrial segment consists of projects for energy & power, oil & gas, and telecommunications. In terms of value, the infrastructure segment is expected to be the fastest-growing segment in this market during forecast period. This growth is mainly attributed to the significant use of steel rebar in applications such as bridges, roads, dams, and highways, among others.

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On the basis of process, the steel rebar market has been classified into basic oxygen steelmaking, and electric arc furnace. The basic oxygen steelmaking process is the fastest-growing segment in this market, which is used across different regions, and is used in more than 70% of the global crude steel production.

On the basis of type, the steel rebar market has been segmented into deformed, and mild steel. The market for deformed is the fastest-growing, owing to the deformation property on the bar surface which helps in increasing the bond between materials and minimizes slippage in concrete. Mild steel bars have a plain surface and round sections of diameter from six to 50 mm. The mild steel rebar is commonly used as a tensioning device in reinforced masonry structures and reinforced concrete that hold the concrete in compression.

The Asia-Pacific steel rebar market is expected to grow at the highest CAGR between 2016 and 2021. The Asia-Pacific steel rebar market includes countries such as China, Japan, India, and South Korea. The market in this region is witnessing increased consumption of steel rebar in the construction industry. China is estimated to be the major producer of steel rebar in 2016. Rapidly growing household incomes in the Asia-Pacific, along with the growing middle class population is expected to fuel the growth of various end-use industries utilizing steel rebar in the Asia-Pacific region.  

The steel rebar market is highly fragmented and competitive and has a large number of prominent players. Key manufacturers in the steel rebar market are mainly located in the Asia-Pacific and Europe with some presence in North America, and the Middle East & Africa. The U.S. is the largest market in the North American region. Increasing investments on the infrastructure and housing segments is driving the steel rebar market in the region.