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

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

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

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

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

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

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

What are Non-Biodegradable plastics?

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

The Problem with Non-Biodegradable Plastics

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

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

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

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

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Ways to Reduce our Use of Non-Biodegradable Plastics

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

1. Use biodegradable materials whenever possible.

2. Use biodegradable packaging when necessary.

3. Recycle biodegradable materials when possible.

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

Alternatives to Non-Biodegradable Plastics

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

Some alternatives to non-biodegradable plastics include:

- compostable materials

- recycled materials

- bioplastics

- natural materials

Conclusion

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

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

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

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

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

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

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

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

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Key Market Leader – Furfural Market

The global 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% between 2019 and 2024. Increasing demand from various end-use industries such as foundry, pharmaceutical, and textile is the primary factor driving the furfural market.

The key 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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The market for furfural is dominated by China. The presence of large manufacturing capacities in the country has resulted in lower prices of furfural, thereby affecting the other players in the market. As a result, anti-dumping duties were levied on Chinese imports by the US. EU also had anti-dumping duties against Chinese imports, but it was later removed in 2012. Thailand is also one of the key exporters of furfural in APAC.

The study involves four major activities in estimating the current market size of furfural. Exhaustive secondary research was done to collect information related to the furfural market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Report Objectives
To define, describe, and forecast the market size of furfural, in terms of value and volume
To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
To analyze and forecast the market size on the basis of application and raw material
To forecast the market size of different segments with respect to four regions, namely, APAC, Europe, the Americas, and the Middle East and Africa.
To forecast the market size of different segments with respect to key countries of each region
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
To strategically profile the key players and comprehensively analyze their growth strategies

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Everything You Need To Know About Cosmetic Pigments Market

Cosmetic Pigments Market by Composition (Organic, Inorganic), Type (Special Effect, Surface treated, Nano), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), and Region – Global Forecast to 2024″, MarketsandMarkets: The cosmetic pigments market is projected to grow from USD 698 million in 2019 and expected to reach USD 1,019 million by 2024, at a CAGR of 7.9%.

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Market Dynamics

Driver: Increasing demand for cosmetic pigments in cosmetic and personal care products

Cosmetic pigments possess characteristics such as bright and brilliant luster, shimmer, and shine. These pigments are colored, colorless, or fluorescent particulates. They can be organic or inorganic finely powdered solids. They are usually insoluble and are also chemically unaffected by the medium in which they are incorporated. They are used in a wide range of applications such as facial makeup, lip products, eye makeup, and nail products. The use of cosmetic pigments, especially pearlescent pigments, in facial makeup help cover blemishes and uneven skin tone. This has increased the demand for pearlescent pigments that are widely used in root makeup products.

Restraints: Stringent regulations pertaining to use of certain pigments

Cosmetic pigments manufacturers are required to follow stringent regulations regarding cosmetics products. There are different regulations regarding the specification of labeling, packaging, and the ingredients that are used in the manufacturing of the products. These regulations are especially stringent in Europe and North America. Other regions of the world are following the same trend due to the increasing health and environmental awareness. Owing to the strict regulations regarding the manufacturing of cosmetic pigments, the supply of these pigments is moderate. In addition, the approval process is time-consuming. All these factors restrain the growth of the cosmetic pigments market.

Opportunities: Consumer interest in environment-friendly and sustainably produced ingredients in cosmetic and personal care products

Several harmful chemicals are still being used as ingredients in makeup products. These chemicals may have an adverse effect on human health and can increase the risks of health hazard when several makeup products are used together. A combination of increased public interest and market trends in the cosmetics industry has led the cosmetics manufacturers to seek more natural and sustainable cosmetic emulsifiers.

Challenges: Maintaining quality of cosmetic pigments for mass market products

The cosmetic pigments market is growing due to the increasing demand for color cosmetic products. However, there are a few challenges faced by the market players. The biggest challenge that the cosmetic pigments manufacturers face is maintaining the quality of cosmetic pigments for mass-market products such as nail paints, lip colors, and eye makeup products.

APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. APAC is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.

The key players in the cosmetic pigments market include Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), BASF (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

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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.

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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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.

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.

Iodine Market- Trends and Forecast 2022

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%.

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The market is witnessing growth due to the increasing use of iodine in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine.

“Caliche ore: The largest source of iodine”

Caliche ore was the largest source for iodine extraction in 2016. The large share of caliche ore is because mining of iodine from caliche ore is less cumbersome and less capital intensive in comparison to its extraction from underground brines and seaweeds. Furthermore, the iodine mined from caliche ore contains more concentration (ppm) of iodine as compared to other extraction sources.

“X-ray contrast media: The largest application of iodine”

X-ray contrast media was the largest segment of the iodine market, by application in 2016. The high consumption of iodine in X-ray contrast media is attributed to the rising aging population and their susceptibility to various diseases which is expected to increase the use of X-ray contrast media in diagnostic imaging, thereby, driving the market for iodine in this application.

“Western Europe: The largest iodine market, by region”

The Western European region was the largest market for iodine, in terms of value and volume, in 2016. The high consumption of iodine in the region is attributed to the increasing demand from the healthcare and chemical industries. Growing investments in medical research, advancements in diagnostic imaging techniques, strong healthcare infrastructure with significant number of CT and MRI examinations, and growing iodine deficiency in Rest of the Western European counties are some of the factors responsible for the large market size of iodine in Western Europe.

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) lead the global iodine market. These players are the major manufacturers of iodine and are gaining a strong foothold in the market through their strategies of capacity expansions.

Growing disposable income, changing lifestyle, and increasing demand from the building & construction industry are expected to drive the growth of the monochloroacetic acid market

The monochloroacetic acid (MCA) market is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. Asia Pacific is expected to be the largest market for MCA and is also projected to witness the highest growth during the forecast period. The growth of the market in this region can be attributed to rising population, growing urbanization, increasing demand from the building & construction industry, growing disposable income, and changing lifestyle in emerging countries of the region. These factors are expected to attract multinational companies to invest more in Asia Pacific countries like India and China.

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The MCA market is expected to witness high growth in emerging economies, such as China, India, and Indonesia. Factors such as increasing disposable income and changing lifestyles of the middle-class population in these countries are expected to fuel the demand for personal care products, textiles, detergents, crop protection chemicals, and medicines. The growth of these industries propels the consumption of carboxymethylcellulose (CMC), which consequently drives the demand for MCA in the aforementioned economies. Additionally, the growth of the building & construction industry drives the consumption of CMC and thioglycolic acid (TGA), which, in turn, drives the demand for MCA in the Asia Pacific region.

Based on product form, the liquid segment is projected to register the highest growth rate. The high growth in the use of liquid MCA is due to its easy miscibility as an intermediate, and efficient operation. Increased R&D activities to develop new and innovative products for use across a wide range of application areas are expected to boost the growth of the MCA market during the forecast period.

The surfactants segment is projected to be the fastest-growing application segment between 2017 and 2022. Surfactant-based face wash, gel, and hair cream, among other personal care products, are replacing conventional products, owing to their cleansing ability, ease of usage, and customization. The increasing use of MCA in the manufacturing of amphoteric surfactants, such as betaines and imidazolines, is expected to boost the surfactant market during the forecast period. Increasing adoption of surfactants in the cosmetic industry in developing countries, such as India, China, Indonesia, and Brazil, is expected to drive the demand for MCA in this application. Increasing disposable income and changing lifestyles of consumers are key growth drivers for the surfactants market in emerging countries.

Anionic Surfactants Market- Current Trends and Future Aspect 2022

The global anionic surfactants market is estimated at USD 16.36 billion in 2017 and is projected to reach USD 20.10 billion by 2022 at a CAGR of 4.2%. The market is mostly driven by the growing number of applications in home care, personal care, oil & gas, and construction industries. Factors such as technological advances, increasing working population, rising incomes, and changing consumer preferences are driving the anionic surfactants market. The demand for anionic surfactants is growing as they provide multifunctional properties to various personal care products such as skin creams, sunscreens, anti-aging creams, anti-acne creams, hair conditioners, and hair shampoos, among others. The growing awareness among consumers regarding the availability of products with multifunctional properties and rising concern for personal hygiene are also driving the demand in the home care segment.

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The anionic surfactants market, on the basis of type, has been classified into linear alkylbenzene sulfonate (LAS), lignosulfonates, alcohol ether sulfates/fatty alcohol sulfates (AES/FAS), alkyl sulfates/ether sulfates, sarcosinates, alpha olefin sulfonates (AOS), phosphate esters, and alkyl naphthalene sulfonates, among others.

Lignosulfonates is expected to be the fastest-growing type segment during the forecast period. Lignosulfonates are water-soluble anionic surfactants used in applications in industries such as construction, oil & gas, etc. They are the by-products obtained from the production of wood pulp using sulfite pulping. Typical application areas of lignosulfonates are concrete additives, crop protection, pigment dispersion, fertilizers, and leather tanning, among others.

The construction application segment of the anionic surfactants market is expected to witness the highest growth during the forecast period. The anionic surfactants market in the construction industry is witnessing high growth in various regions such as the Middle East and Asia Pacific, especially in countries such as China, India, the UAE, and Saudi Arabia, among others. These factors, along with the upcoming infrastructure projects in the energy and manufacturing sectors in Saudi Arabia, are expected to drive the market in the region.

Asia Pacific is expected to be the fastest-growing market for anionic surfactants. Rapid industrialization, coupled with the growing personal care and home care industries, is expected to drive the market in the region. Rising disposable incomes of consumers and changing lifestyles play a significant role in boosting the demand for anionic surfactants. In Asia Pacific, China is the largest market for anionic surfactants owing to its rapidly growing home care and personal care industries. Improved lifestyles, increasing standards of living, increasing population, and high economic growth of the emerging countries such as China, South Korea, India, and Indonesia have made Asia Pacific an attractive market for personal care and home care products. The increasing population and availability of affordable products are primarily responsible for the high demand for personal care ingredients in the region.

Glass flake coatings market- Forecast & Opportunities 2022

The glass flake coatings market is projected to reach USD 1.80 billion by 2022, at a CAGR of 4.48% from 2017 to 2022. Asia Pacific is estimated to lead the market for glass flake coatings in 2017, in terms of value, due to the increased demand for glass flake coatings from countries such as China, South Korea, Japan, India, and Indonesia.

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The presence of key players of glass flake coatings in the Asia Pacific region is one of the main factors driving the growth of the market in this region. Key players in the market, such as Chugoku Marine (Japan), KCC Corporation (South Korea), Nippon Paint (Japan), and Kansai Paint (Japan), have their manufacturing bases in Asia Pacific. Other top companies operating in the global glass flake coatings market are also shifting their production bases to Asia Pacific, owing to the low cost of production and ease of serving emerging local markets. The glass flake coatings in the marine industry will be dominated by Asia Pacific, particularly China, South Korea, and Japan, due to the presence of major shipbuilding companies in these countries. The rapid developments in glass flake coating technology in India, Indonesia, and Australia, is another reason expected to fuel the growth of the Asia Pacific glass flake coatings market.

Based on resin, the epoxy segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increasing use of epoxy-based glass flake coatings in the building of marine offshore & onshore infrastructures, large cargo ships, interior & exterior of storage tanks, and various chemical processing areas. Epoxy glass flake coatings impart excellent corrosion, abrasion, chemical, and temperature resistance to oil, gas, solvents, and chemical & petrochemical products.

Based on substrate, the steel segment is projected to witness the highest growth during the forecast period. Steel meets the strength and toughness criteria required for the manufacture of pipes for the oil & gas; tanks for the chemical & petrochemical; and various parts of cargo ships for the marine end-use industries. The use of glass flake coatings protects steel from corrosion, fouling, and abrasion.

Based on end-use industry, the marine segment is projected to witness the highest growth during the forecast period. This is due to increase in use of glass flake coatings to protect cargo ships and various onshore & offshore infrastructures from harsh weather conditions. Glass flake coatings are also vital in enhancing the fuel efficiency of a ship and decreasing the impact on the environment.

Expansions, new product launches, and partnerships were the key strategies adopted by industry players to achieve growth in the epoxy adhesives market

Expansions, new product launches, and partnerships were the key strategies adopted by industry players to achieve growth in the epoxy adhesives market between 2012 and 2016. The increasing demand for light weight vehicles, wind energy, and the shift in the construction business towards the construction of multi-storied buildings which use epoxy adhesives in glazing and panels, is leading to the rise in demand. Companies have adopted strategies such as, new product launches, expansions, and mergers & acquisitions to fulfill the growing demand. Some of the key players, such as Henkel AG & Co., KGaA (Germany), Huntsman Corporation (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), Lord Corporation (U.S.), Illinois Tool Works Inc. (U.S.), and Permabond LLC (U.S.), have adopted these strategies to strengthen their businesses, globally.

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Henkel AG & Co. KGaA is a major player in the global epoxy adhesives market. The company’s wide range of business segments provides an added advantage to the company’s profit margin, which enables the company to compensate the loss from low performing business segments and invest in strategic expansions and R&D activities. The adhesive technology business segment of the company accounted for 50% of its total revenue in 2015. The company follows the capacity expansions strategy to support the growing demand, improve product cost competitiveness, and the product portfolio by investing in R&D activities in new applications to cater to the market. Recently in October 2016, the company launched Loctite EA 9452, a new high-performance 2-part epoxy adhesive. This product launch helped the company in entering into the filtration industry.  

3M Company is another major player in the global epoxy adhesives market. North America accounted for 64% of the overall company revenue. The industrial and consumer business segment of the company manufactures adhesives & sealant products for various applications. These business segments together earned about 47% of its total revenue in 2015. The company’s business strategy mainly revolves around its targets for increasing its global footprint, increasing revenues, and launching innovative solutions through its products. As a part of its growth strategy, the company plans to establish new production facilities and expand its existing plant capacities which would enable the company to strengthen its position in the high growth epoxy adhesives market. In September 2012, 3M expanded its epoxy adhesives product line by adding the Scotch Weld EPX DP810, and DP110 products. These products provide long-term reliability for heavy-duty applications including aerospace, appliances, sporting goods, and electronics.

Apart from the above mentioned market players, H.B. Fuller (U.S.), MasterBond (U.S.), Royal Adhesives & Sealants (U.S.), and Threebond Co. Ltd. (Japan), are the other important players in this market.