Increasing packaging industry leads to a growing demand for Bioplastics & Biopolymers Market

Bioplastics & Biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7%. The major factors driving the bioplastics & biopolymers industry include the focus of governments on green procurement policies and regulations and increasing use of bioplastics in the packaging end-use industry.

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Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have witnessed an increased demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service-ware.

APAC is the fastest-growing bioplastics & biopolymers market.
APAC is the fastest-growing market for bioplastics & biopolymers, globally. The major end-user industries of bioplastics & biopolymers are packaging, consumer goods, automotive & transportation, and agriculture & horticulture. Industrialization, growing population, and urbanization of APAC are boosting the bioplastics & biopolymers market.

The bioplastics & biopolymers market comprises major players such as NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), Arkema (France), Cardia Bioplastics (Australia), Futerro (Belgium), FKUR Kunstsoff (Germany), Green Dot Bioplastics (US), PTT MCC Biochem (Thailand), Succinity (Germany), Synbra Technology (Netherland), Tianan Biologic Materials (China), and Zhejiang Hisun Biomaterials (China).

High Performance Fluoropolymer Market – Global Opportunity, Growth Analysis up to 2024

The high performance fluoropolymer (HPF) market is projected to grow from USD 3.3 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 6.9% during the forecast period. The growth of the high performance fluoropolymer industry can be attributed to its high demand from various end-use industry and growing demand from PV installations.

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PTFE is the most widely used type of HPF and accounted for the largest market share. There is an increase in the use of dispersion and fine powder PTFE, for various applications, especially in North America and APAC. It is used in a wide range of applications such as semiconductor, automotive components, electrical appliances, and non-stick cookware. The growing applications in the electrical & electronics industry are expected to trigger the demand for PTFE, especially in advanced batteries and fuel cells.

Scope of the Report:

Report Metric	Details
Base year considered	2018
Forecast period	2019–2024
Units considered	Volume (Kiloton) and Value (USD)
Segments	Type, Form, End-use Industry, and Region
Regions	North America, APAC, Europe, and RoW
Companies	The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), Solvay SA (Belgium), AGC (Japan), The Dongyue Group (China), Gujrat Fluorochemicals Ltd. (India), Halopolymer OJSC (Russia), Hubei Everflon polymer (China), and China Reform Culture Holdings Co. Ltd (China). Total 10 major players covered.

This research report categorizes the HPF market based on type, form, end-use industry, and region.

By Type:

• PTFE
• FEP
• PFA/MFA
• ETFE
• Others (Includes ECTFE and PCTFE)

By Form

• Coatings
• Films & Membranes
• Tubing
• Others (Includes wire & cable, mechanical components & parts, additives, and liners)

By End-use Industry

• Industrial Processing
• Chemical processing
• Oil & Gas
• Power Plants
• Water Treatment
• Food Processing
• Transportation
• Automotive
• Aviation
• Electrical & Electronics
• Telecommunication
• Semiconductors
• Electronic Components
• Defense Electronics
• Medical
• Medical Devices
• Pharmaceutical & Biotechnology
• Others
• Building & Construction
• Consumer Household

By Region

• North America
• APAC
• Europe
• RoW

The HPF market has been further analyzed based on key countries in each of these regions.

APAC is expected to be the fastest-growing market for HPF, owing to the presence of large manufacturing and highly populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the HPF market in this region. In 2018, China accounted for the largest share of the APAC market, owing to the presence of huge chemical, automotive, medical, and electronics industries. The growing production of automobiles, consumer household, medical disposables, and their increasing demand across the region boosts the demand for HPF. Growth in the manufacturing of automobiles and electronics hardware across the region is expected to grow further with changing demographics. Owing to which APAC is projected to be the fastest-growing HPF market.

Latest Update on Waste Heat Recovery System Market

The market size of waste heat recovery system (WHRS) is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The focus on cost efficiency and stringent government regulations are expected to drive the demand for the WHR system market.

Waste heat recovery is the process of capturing residual heat from an existing industrial process and using it for other applications. Waste heat refers to the energy generated by various industrial processes. WHR technologies help in reducing the costs of operating facilities by enhancing their energy productivity. The energy recovered during this process is widely used in two major applications, namely, steam & electricity generation and preheating.

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Market Dynamics

Drivers
Rising Energy & Electricity Prices in Emerging Economies
Government Regulations & Incentives
Growing Environmental Concern
Need for Energy Efficient Equipment

Restraints
Rising Energy & Electricity Prices in Emerging Economies
Cost Restriction
Temperature Restraints

Opportunities
Emerging Waste Heat Recovery Technologies
Emerging Economies

Burning Issue
Focus on Cost Efficient Heat Recovery

Growing environmental concerns

Global climate change is the greatest economic, political, developmental, and environmental challenge for counties worldwide. Enhancing energy efficiency is the cheapest and the most reliable method of curbing carbon emissions, thus saving costs. Supplying energy for sustainable economic development is a goal that is shared by both developed and developing countries.

A study on trends in global CO2 emissions estimates that in the current global scenario, about 34.5 billion tons of CO2 is released in 2012, and despite several measures it has been increasing year-on-year. The need for energy has been rising steadily and according to the International Energy Agency’s (IEA’s) publication on climate change in 2015, the emissions will increase by 120% by 2050, while oil demand will rise by 65%. Apart from this, global warming is adversely affecting the environment. These environmental concerns have led to the increase in number of WHRS installations worldwide. The use of this system across European industries has increased, which resulted in the reduction of CO2 emissions. According to the DOE National Energy Modeling System (NEMS), by 2030, carbon emissions from power plants can be 84% lower than 2005 levels due to increasing environmental awareness and government regulations to reduce these emissions by installing such systems. This will provide impetus to the WHR equipment that helps in providing energy efficiency, thereby driving the market.

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Critical questions which the report answers
What are new products that WHRS companies are exploring?
Which are the key players in the market and how intense is the competition?
Where will all these developments take the industry in the mid to long term?
What are the upcoming applications in WHRS market?

An increase in energy requirements in emerging economies such as China, India, and Brazil also plays an important role in fueling the demand. Some of the important manufacturers are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.

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.

Polyamide 11 & 12- A high potential material for healthcare, aerospace & defence and others

 

The PA11 and PA12 market in 3D printing is forecasted based on two scenarios as its growth is primarily dependent on the adoption of 3D printing technology by end-use industries. Scenario one represents comparatively normal growth whereas scenario two projects exponential growth.

The PA11 and PA12 market in 3D printing is projected to reach USD 48.6 million by 2020, at a CAGR of 26.59% from 2015 to 2020, by scenario one and USD 85.1 million by 2020, at a CAGR of 41.2% from 2015 to 2020, by scenario two. The growth of the market can be attributed to the increasing demand for 3D printing applications from the end-user market for customized products.

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The key industries using PA11 and PA12 in 3D printing include healthcare, aerospace & defense, consumers, and others. Aerospace & defense industry demands precision for the design of customized parts to meet the requirements. Healthcare is another key sector where some grades of PA11 and PA12 have been used for medical applications such as prosthetics.

The recent developments by companies such as Airbus and NASA, where they have used 3D printing for manufacturing of specialized parts, signify the increasing importance of 3D printing technology. Automotive segment is a promising sector for PA11 and PA12 with increasing demand for customized vehicles. Several luxury car manufacturers in Europe and North America are using PA11 and PA12 for 3D printing for manufacturing customized parts. The growth of PA11 and PA12 in automotive sector is the key contributor for scenario two numbers. PA11 and PA12 also prove to be a perfect thermoplastic for laser sintering technology over others such as polylactic acid (PLA) and acrylonitrile butadiene styrene (ABS), which are yet to be developed as laser sintering materials.

The key grades of PA11 and PA12 that are used in laser sintering include glass filled, fire resistant, impact resistant, alumide, and many others. PA12 contributed the largest share to the PA11 and PA12 in 3D printing market owing to the presence of a large number of suppliers and an established distribution network with large number of grades available. PA11, which was developed by Arkema SA, is a bio–based polyamide and is emerging as 3D printing material. With increase in availability, PA11 is expected to register high growth between 2015 and 2020. PA12 is primarily petroleum–based; however, its bio-based version can be developed from palm oil. Key suppliers of bio-based and specialty grades of PA11 and PA12 as raw materials include Arkema SA, Evonik AG, Invista S.a.r.l, and others.

Germany, France, and Italy are the major PA 11 and PA12 markets in the European region for 3D printing, whereas the U.S. and Canada are the key countries in the North American PA11 and PA12 market. Asia-Pacific is the future potential market for PA11 and PA12 with several components manufacturers operational in the region. Furthermore, the presence of major emerging economies has made this region a favorable market for PA11 and PA12 in 3D printing. Companies such as EOS GmbH, Arkema SA, 3D systems, Stratasys, and Evonik AG have expanded in Asia-Pacific with a strategic vision to cater the end-user industries across the region. Other key players operational in Asia-Pacific include Golden Plastics and others.

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Expansions and New Product Launches are the Key Development Strategies Adopted by Leading Players in the Global Iodine Market

Iodine is a non-metallic element with a blue-black color and lustrous appearance. It belongs to the halogen family in the periodic table and is the least reactive among the halogens. Iodine is a trace element that can be obtained mainly from three sources, which are underground brines, caliche ore, and seaweed. It is also recycled in many parts of the world, mainly in Japan. Iodine is either used in elemental or isotopic form and in the form of inorganic salts & complexes and organic compounds. It is widely used in numerous applications, such as X-ray contrast media, pharmaceuticals, iodophors, and optical polarizing films in LCDs, catalyst in polymer synthesis, biocides, human nutrition, animal feed, and fluorochemicals. Increasing use of iodine in optical polarizing films in LCD applications and growing deficiency of iodine in developing countries are the major factors driving the market for iodine globally. The growth is further driven by its application in X-ray contrast media, fluorinated derivatives, and photography. The global iodine market is estimated at USD 832.1 Million in 2017 and is projected to reach USD 1,041.0 Million by 2022, at a CAGR of 4.58% between 2017 and 2022.

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Key companies manufacturing iodine were majorly involved in expansions to strengthen their positions in the market. It was the most preferred strategy adopted by the market players from 2013 to 2017. The increase in the number of expansions indicates that manufacturers are expanding their production facilities to establish a strong foothold in the iodine market and cater the escalating demand for iodine due to its deficiency, especially in developing countries. New product launch was the second-most preferred growth strategy by manufacturers. Major market players are adopting this strategy to diversify their product portfolio by bringing out new, innovative products.

Major manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), Algorta Norte SA (Chile), Nippoh Chemicals Co., Ltd (Japan), Kanto Natural Gas Development Co., Ltd (Japan), Toho Earthtech Co., Ltd (Japan), and Godo Shigen Co., Ltd (Japan), among others, are profiled in this report. These companies have large production facilities and have adopted organic strategies to become the leading players in the global iodine market.

Sociedad Química y Minera (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), and Algorta Norte SA (Chile) are the leading players in the global iodine market. These companies accounted for the highest number of strategic activities, with expansions and product launches being the most preferred ones.

SQM is the leading manufacturer of iodine with the largest production capacity of iodine globally. The company manufactures around 10,000 tons of iodine and its derivatives annually. The company, in 2016 launched a new product Ethyl-TriPhenyl-Phosphonium Iodide (ETPPI) through its brand Iodeal. ETPPI is a quaternary phosphonium salt used in the advancement or curing of thermosetting powder coatings and phenolic-based epoxy resins, as a phase transfer catalyst, and a Wittig reagent. This product launch helped the company enhance and broaden its product offerings.

Iofina is another major company operating in iodine manufacturing after SQM. For instance, in 2017, Iofina expanded its iodine production with the construction of IO#7, a new production plant for manufacturing iodine and its derivatives. With this expansion, the company will be able to increase its iodine production with lower per kilo cost of production.

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Promat International N.V. (Belgium) and Morgan Advanced Materials plc (UK) are the Major Players in the Microporous Insulation Market

The microporous insulation market size is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a compound annual growth rate (CAGR) of 4.7%, during the forecast period. The major driving factors in the microporous insulation market are high thermal resistance of microporous insulation material and increasing demand from various applications, such as industrial, oil & gas, energy & power, and automotive.

The major players in the microporous insulation market include Promat International N.V. (Belgium), Morgan Advanced Materials plc (UK), Isoleika S. Coop. (Spain), Unicorn Insulations Ltd. (China), Guangzhou Huineng Environmental Protection Materials Co., Ltd. (SILTHERM) (China), Johns Manville (US), NICHIAS Corporation (Japan), ThermoDyne (US), Unifrax (US), and Elmelin Ltd. (UK). These players have adopted various growth strategies, such as expansion, acquisition, new product launch, and investment, to expand their presence further and increase their shares in the microporous insulation market. Expansion has been the most adopted strategy by major players between 2013 and 2018, which helped them to expand their regional presence.

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Promat International N.V. is one of the leading manufacturers of microporous insulation, globally. The company focuses on the strategies of expansion and investment to maintain its leading position in the market. For example, the company recently opened a new facility in the Middle East at Dubai Investment Park (DIP). The new facility has significant capacity for Promat boards, fire stopping, and High Performance Insulation (HPI) products, which include microporous insulation. In addition, in October 2013, Etex Group, the parent company of Promat International invested USD 13.27 million in its subsidiary, Microtherm NV (Belgium). This investment helped the company to expand its microporous insulation segment and enter various niche markets using high-temperature insulation products.

Morgan Advanced Materials plc is another major player in the microporous insulation market. The company focuses on improving its operational execution and driving its sales by managing its resources, customers, and distribution channels. The company has focused on the strategies of acquisition as part of its growth. For instance, in July 2014, Morgan Advanced Materials acquired Porextherm Dämmstoffe GmbH (Germany), one of the leading manufacturers of microporous insulation panels. This acquisition helped Morgan Advanced Materials to strengthen its product portfolio of microporous insulation and vacuum insulation panels. Thus, the acquisition helped the company to strengthen its microporous insulation business.

Related Reports:

Microporous Insulation Market by Product Type (Rigid boards & panels, flexible panels, machined parts, moldable products), Application (Industrial, Energy & Power, Oil & Gas, Aerospace & Defense, Automotive), and Region – Global Forecast to 2023

Exxon Mobil Corporation (U.S.), Covestro AG (Germany), and BP P.L.C. (U.K.), are Leading key players in the Toluene Market

The global market for toluene is projected to witness steady growth during the forecast period. The factors contributing towards the growth of this market are, the growth of the end-user base in the emerging economies of the Asia-Pacific and the Middle Eastern & African regions. Countries such as China and India are witnessing a healthy increase in petrochemical industrial activities because of the relocation of manufacturing facilities from the high-cost European and North American markets to the low-cost markets of the Asia-Pacific and Middle Eastern & African regions. Along with these factors, the growing end-user base is driving the market for toluene.

The global toluene market has a large number of market players; however the market is led by some of the major players, such as China Petroleum & Chemical Corporation (China), China National Petroleum Corporation (China), Exxon Mobil Corporation (U.S.), Covestro AG (Germany), and BP P.L.C. (U.K.), among others. Together, these companies account for approximately 34% share of the toluene market. The other major players in the toluene market are, SK Innovation Co., Ltd. (South Korea), BASF SE (Germany), GS Caltex (South Korea), Formosa Chemicals & Fiber Corporation (Taiwan), Royal Dutch Shell PLC (Netherlands), and CPC Corporation (Taiwan), among others.

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Most of these companies are leaders in the production of toluene and its derivatives. These companies are focusing on eliminating the supply chain gaps with backward or forward integration, and expansions in the emerging markets of the Asia-Pacific region in order to widen and strengthen their market shares.
Market players are concentrating on increasing their production capacities and developing cost-effective technologies. The companies are investing in establishing new facilities, mainly in the emerging regions so as to increase their global presence. All these developments are due to the increasing demand for toluene from segments such as solvents, TDI, and gasoline additives.

Expansions and backward or forward integration are the key strategies adopted by the major toluene manufacture in the recent past. The top players in the toluene market are adopting these strategies for better penetration and expansions of their businesses into new emerging regions. These new ventures would help the companies to satiate the growing demand for toluene in several applications. ExxonMobil (U.S.), and BP PLC (U.K.) are the few among the other market players who have adopted these strategies in order to strengthen their shares in the toluene market.

Moreover, the leading market players are also focusing on expanding their existing production facilities in order to meet the growing demand for toluene, especially from the Asia-Pacific region. The market players are using this strategy as an excellent strategy to optimize their production facilities in the potential toluene markets.

Related Reports:

Toluene Market by Application and Derivative (Benzene and Xylene, Solvents, Gasoline Additive, Toluene Di-Isocyanate, Benzoic Acid, Trinitrotoluene, Andbenzaldehyde) – Global Forecast to 2021

Study Estimates the Global Hindered Amine Light Stabilizers (HALS) Market

The report “Hindered Amine Light Stabilizers (HALS) Market by Type (Polymeric, Monomeric, Oligomeric), Application (Automotive, Packaging, Agriculture Films, Construction), and Region (Asia Pacific, North America, Europe) – Global Forecast to 2022″, The global HALS market is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022.

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Packaging: The largest application market for HALS

Packaging is expected to be the largest application segment for HALS owing to the increasing demand for food, consumer goods, industrial, and beverage packaging products in the Asia Pacific, North America, and Europe. The ability to sustain performance and quality of the packaging materials under UV radiation exposure, providing weathering resistivity, and long-term durability are the major factors driving the demand for HALS in the packaging application segment.

Polymeric: The largest and fastest-growing type in the HALS market

The polymeric segment accounted for the largest share of the overall HALS market in 2016 in terms of value. Polymeric HALS are more effective than monomeric, and oligomeric HALS due to their large structure and different types of chains in different polymeric HALS, which increase their range of applications. The rising demand for highly effective additives from industrial applications such as polymers, adhesives & sealants, and plastics has fueled the growth of polymeric HALS in the global HALS market. HALS in the automotive sector are mainly used to provide exceptional UV durability in interior and exterior applications even under extended UV exposure.

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Key Strategies Adopted by Key Industry Players to Achieve Growth in the Polybutadiene Market

The report “Polybutadiene Market by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical), and Region – Global Forecast to 2022″, The market size of polybutadiene is estimated to grow from USD 6.56 Billion in 2016 to USD 12.71 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022.

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New product launches, mergers & acquisitions, partnerships & joint ventures, agreements, and expansions were the key strategies adopted by key industry players to achieve growth in the polybutadiene market between 2017 and 2022. Factors such as industrial advancements, technological upgrades, and demand for efficient polybutadiene with excellent physical properties, such as high wear resistance, toughness, excellent abrasion resistance, cold resistance, high tensile strength, high resilience, low rolling resistance, low glass transition, and hot tear strength have led to the rising adoption of polybutadiene across various applications. Polybutadiene are used in several industries, mostly automotive and plastics.

Companies operational in the polybutadiene market have adopted strategies such as new product launches, expansions, mergers, and joint ventures to achieve growth in the market. Some of the key players, including Reliance Industries Ltd. (India), Lanxess AG (Germany), UBE Industries ltd. (Japan), SABIC (Saudi Arabia), and Versalis S.p.A. (Italy), have adopted these strategies to develop their businesses globally.

Lanxess AG is a leading player in the global polybutadiene market. As a part of its growth strategy, in April 2016, the company entered into a joint venture with Saudi Aramco (Saudi Arabia) to form ARLANXEO (Netherlands) to produce polybutadiene and synthetic rubber to expand its product portfolio. The company also entered into a partnership with Hankook Tire (South Korea) in August 2015 to develop synthetic rubber technologies for high performance tires. Through these initiatives, the company is focusing on strengthening its position and expanding its product portfolio.

Versalis S.p.A is another major manufacturer of polybutadiene and one of the largest producers across the globe. As a part of its business strategy, Versalis focuses on new product development. The company focuses on manufacturing high quality products by employing state-of-the-art technology and improving efficiency of its operations. In February 2016, the company introduced new, innovative solutions for the rubber segment, including Europrene Neocis BR 450 dry grade, Europrene Neocis BRX 650 oil grade, and Europrene Neocis BRX 35 0E which can deliver green tires for better fuel consumption and environmental sustainability. Versalis is focusing on expanding its polybutadiene business globally through new product developments.

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Methyl Ester Ethoxylate Market Size, By Application- Global Forecast 2021

The Methyl Ester Ethoxylates Market is projected to reach USD 139.8 Million by 2021, at a CAGR of 3.4% between 2016 and 2021.

The years considered for the study are:

• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2021
• Forecast Period – 2016 to 2021

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Based on application, the domestic cleaning segment accounted for the largest share of the methyl ester ethoxylate market

The domestic cleaning application segment of the methyl ester ethoxylate market is expected to witness significant growth in the coming years. The growth in the lifestyle in the developing nations of the Asia-Pacific region has led to the growth of this segment.

Methyl ester ethoxylate is a concentrated liquid detergent that can be used in a variety of detergents for the domestic cleaning segment. Changing lifestyles in developing countries such as China and India will further increase the demand for methyl ester ethoxylate from the domestic cleaning segment.

The demand for low-rinse detergents is increasing significantly in various applications in the region. The reason behind the increasing popularity of low-rinse detergents is that they do not ionize in solution and have no electrical charge, as a result, they are resistant to hardness and clean well most soils. This has led to the increasing demand for methyl ester ethoxylate in this region.

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Factors inhibiting the growth of the methyl ester ethoxylate market include low potential in developed countries, falling petrochemical prices, and complicated production process.

Huntsman Corporation (U.S.), KLK OLEO (Malaysia), Lion Corporation (Japan), Ineos Group Limited (Switzerland), and Jet Technologies (Australia) are the key players in the methyl ester ethoxylate market.

Global Engineered Foam Market, By End User | CAGR of 7.9%

The global engineered foam market is projected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Growing demand of engineered foam in aerospace & defense, transportation, medical & healthcare, and others with high degree of customization to meet their application demand are some of the end-use industries driving the global engineered foam market.

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Based on end-use industry, aerospace & defense led the market for engineered foam. However, the transportation segment is expected to grow at the highest CAGR during the forecast period. Transportation is one of the key end-use industries for engineered foam. Engineered foams are used in the manufacturing of several vehicle parts, such as seat foam, door panels, and energy absorbs in the automotive industry. The automotive industry is expected to grow at a 5.4% annually, which is expected to drive the demand for engineered foams. The market players of the engineered foam market can expand its products offering for the transportation and automotive industries, which will help the players increase its market share in the engineered foam market.
Polyolefin is the fastest-growing material type segment of the engineered foam market. Polyolefin is majorly used in the packaging and automotive industries. Growing automotive industry and packaging industry, will drive the market of polyolefin engineered foam market. 

Asia-Pacific accounted for the largest share of the global engineered foam market in 2015, owing to the increasing investments in the transportation, and medical & healthcare sector in various countries in the region. It is, also expected to be the fastest-growing market in the coming years, in terms of value. Presently, the engineered foam market in Asia-Pacific is at a growth stage. The growth of the Asia-Pacific engineered foam market is also fueled by the increasing demand from countries, such as Japan, China, India, Indonesia, and others in the region. 

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The global engineered foam market is fragmented and is highly competitive with the presence of large number of prominent players. The DOW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (U.K.), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.), UFP Technologies Inc. (U.S.), and Rogers Corporation (U.S.), are some of the key players operational in the engineered foam market. These companies adopted various strategies such as expansions, joint ventures, and mergers & acquisitions to strengthen their foothold and increase their share in this market.