High potential in emerging countries of APAC is driving the Bioplastics & Biopolymers Market

 

Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

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APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.

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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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Urbanization and increase in residential construction are driving the HVAC Linesets Market

One of the key drivers propelling the HVAC demand on a global level is urbanization. The urbanization rates in industrial countries are above 75%, whereas urbanization is still in a relatively early stage in developing countries. This is particularly true in the case of South Asia, Sub-Saharan Africa, and Southeast Asian regions, where approximately 50% of people live in urban areas. According to Atlantic Council, India, with a population of approximately 1.4 billion, is expected to reach 46% of urbanization by 2040. Indonesia, Malaysia, Thailand, the Philippines, Singapore, and Vietnam are expected to witness strong growth in the residential construction sector. For instance, as per the Construction Outlook for Asia, the Indonesian construction industry, driven mainly by government investment in energy infrastructure, is expected to continue to expand at a healthy rate, with investments in housing, transport, and tourism infrastructure projects continuing to drive growth.

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Residential construction is estimated to be the second-largest market in the Indonesian construction industry accounting for 25.8% of the construction sector in the country in 2018. This is followed by energy and utility construction, commercial construction with a 7.8% share in the construction sector of Indonesia, industrial construction with 6.3%, and institutional construction with 3.5%. Additionally, as per the Construction Outlook for Asia, residential construction was one of the primary markets in the construction sector of Singapore and the Philippines in 2018. These factors are expected to support the growth of the HVAC industry in developing countries, thereby propelling the demand for line sets, particularly for the residential and commercial end-use industries.

Also, new buildings in urban areas will enhance electricity consumption, especially through demand for air conditioning and ventilation in hot and tropical environments. As per Bloomberg’s New Energy Outlook 2019 estimates, air conditioning use will double in emerging countries by 2050, with air conditioning consumption reaching 5376 TWh or 12.7% of projected global electricity demand. Also, in the US, buildings accounted for nearly 75% of electricity consumption in 2018. Furthermore, as per the US Energy Information Administration (EIA), the US will gain more than 58 million people and 24 million households by 2050, and the total square footage of US residences will expand by 33%. By 2050, 71% of households will be in single-family homes, which typically have more air-conditioned floor space than multifamily or mobile homes. These factors are collectively expected to contribute to the overall growth in the HVAC industry, thereby cascading the growth of the line sets market on a global level.

The global HVAC linesets market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 10.0% from USD 7.1 billion in 2021. Urbanization and increase in residential construction, growing trends of smart homes, increasing demand for air conditioners, and significant growth in number of data centers and their power density are driving the HVAC lineset market.

Browse 186 market data Tables and 67 Figures spread through 231 Pages and in-depth TOC on “HVAC Linesets Market by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit), and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026”

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Bioplastics & Biopolymers Market by End-use Industry (Packaging, Consumer Goods, Automotive, Textiles, Agriculture)- Trends & Forecast to 2023

The Bioplastics & Biopolymers market is projected to grow from USD 6.95 billion in 2018 to USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023. Increasing demand for bioplastics from the packaging industry, favorable government policies, increase in waste management regulations in Europe, and increasing concern for human health are projected to drive the bioplastics & biopolymers market. Increase in regulations is expected to propel the growth rate of the market.

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Packaging is the largest end-use industry for bioplastics & biopolymers. The need for sustainable solutions has encompassed several industry verticals, including food & beverage. In addition, enhanced industrial & manufacturing technologies have enabled the food & beverage companies to incorporate bioplastics in packaging. The demand for packaging made from bioplastics for wrapping organic food as well as for premium and branded products is on the rise. Preference for packaging materials made from natural or organic polymers, derived from biomass sources, such as fats, oils, starch, and microbiota, is driving the market in the packaging end-use industry.

Packaging

Packaging protects goods during distribution, transportation, storage, and use. It is indispensable for preserving and moving goods, which cater to various sectors such as retail, institutional, and industrial. Change in the lifestyle of consumers has triggered the importance of polymer and use of packaging products, as they provide protection and containment. The packaging industry uses different materials such as glass, metals, wood, and polymers for packaging different types of products. Plastic constitutes 40.0% of the packaging materials. Properties of plastics such as high durability, plasticity, and impermeability to water have encouraged their use. However, increasing environmental regulations have restrained the use of conventional polymers, especially carry bags and packages, which is driving the demand for bioplastics & biopolymers. Packaging applications of bioplastics & biopolymers include food packaging, pharmaceutical packaging, cosmetics packaging, and shopping bags.

Procter & Gamble and Johnson & Johnson use bio-PE for packaging various kinds of cosmetic products. PLA is widely used owing to its high recyclability. The increasing demand for eco-friendly packaging made from bio-based polymers is driving the demand for products such as PLA, PHA, and starch-based polymers in different applications.

Consumer goods

Bioplastics & biopolymers have a wide variety of applications in consumer products and can be used in casings, circuit boards, touchscreen computer casings, loudspeakers, keyboard elements, mobile casings, vacuum cleaners, and mouse for laptops.

SUPLA has developed optimized PLA for the electronics industry. Similarly, the world’s first bioplastic touchscreen computer was developed in collaboration with a Taiwanese OEM/ODM, Kuender. The PLA blends used in the monitor screens also bring improved impact resistance; excellent high gloss finish; and stable and precise processing.

Europe is the largest bioplastics & biopolymers market and is one of the major producers of plastics. It leads in the packaging end-use industry, which dominates the bioplastics & biopolymers market. These factors have been responsible for the development of bio-based plastics with collaborative research, which, in turn, is expected to transform Europe’s plastics industry. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers. The EU Commission has focused on the Lead Markets Initiative, where bioplastics have been identified as one of the most important potential markets. Europe has, thus, become one of the major consumers of bioplastics & biopolymers.

Key players profiled in this report include NatureWorks (US), Braskem (Brazil), Novamont (Italy), BASF (Germany), Total Corbion PLA (Netherlands), Biome Bioplastics (UK), Bio-On (Italy), Toray Industries (Japan), Plantic Technologies (Australia), and Mitsubishi Chemical Corporation (Japan).

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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New Pultrusion Techniques and Technologies

Pultrusion is a process of manufacturing structural composites parts using polymer matrix and fibers. Properties of products manufactured through pultrusion are good strength, good chemical resistance, non-magnetic, low maintenance and very low thermal expansion.

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The pultruded parts have applications in construction industry where different pultruded parts are used in form of gratings, rebars and customized profiles. Pultruded products provide manufacturers and designers with the benefits of high strength-to-weight ratios, corrosion resistance, heat resistance, dielectric properties, and dimensional stability. FRP pultrusions are cost effective and versatile alternative to traditional materials, such as steel, aluminum and timber. FRP pultrusions weigh 75% less than steel and are non-corrosive. FRP rebar has also been applied to various aspects of chemical anti-corrosion, and it replaces carbon steel, stainless steel, wood, and non-ferrous metals. Moreover, pultruded structural components used in the cooling towers produce an engineered framework of high quality, reliability and safety.

Industrial applications are expected to drive the pultrusion market in next five years due to increase in demand of pultruded parts in cooling towers, offshore oil drilling projects and civil engineering.  . Currently, the global pultrusion market is dominated by various market players, such as Exel Composites (Finland), Strongwell Corp. (U.S.), Bedford Plastics (U.S.), Creative Pultrusion (U.S.) and Glasfroms Inc (U.S).

The report “Pultrusion Market by type (Glass Fiber, Carbon Fiber and others), by Resin Type (Polyester, Vinyl Ester, Polyurethane and Others) by Application (Industrial, Housing, Civil Engineering, Consumers and others) and by Region – Global Trends and Forecasts to 2020”, The pultrusion end market in terms of value is expected to reach around USD 2,045.2 Million by 2020, at a CAGR of 4.8% between 2015 and 2020.

Apart from the market segmentation, this report also makes use of the Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pultrusion market.

The Asia Pacific medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand for medical adhesive tapes from economies of the Asia Pacific region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. The robust demand in the Asia Pacific is a major driving factor in the global medical adhesive tapes market. China is expected to lead the demand for medical adhesive tapes due to increased industrial production. It is also among the largest consumers of medical adhesive tapes at the global level.

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The growth of the market is restrained by the increasing pricing pressure on market players. Advanced and active wound care products are expected to cannibalize the market for medical adhesive tapes in the coming years considering their effectiveness, coupled with the limitations of basic/traditional wound dressings.

Key players operating in the medical adhesive tapes market include 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others.

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The global medical adhesive tapes market is estimated at USD 6.64 Billion in 2017, and is projected to reach USD 8.76 Billion by 2022, at a CAGR of 5.69% from 2017 to 2022.  The demand for medical adhesive tapes has been increasing rapidly in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals, among others. The rising number of surgeries and high demand for medical products in the Asia Pacific are the key factors contributing to the growth of the market.

The medical adhesive tapes market is segmented based on resin type into acrylic, silicone, and rubber medical adhesive tapes. The silicone medical adhesive tapes segment is expected to grow at a higher CAGR during the forecast period, 2017 to 2022. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market in the medical sector. These medical adhesive tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. However, research and development is required to broaden the use of silicone medical adhesive tapes in varied applications.

Sodium Silicate Market worth 11.03 Billion USD by 2022

The report “Sodium Silicate Market by Form (Solid Sodium Silicate, Liquid Sodium Silicate), Application (Detergents, Precipitated Silica, Construction, Pulp & Paper, Water Treatment, Metal Casting, Food Preservation), and Region – Global Forecast to 2022″, The sodium silicate market is expected to grow from USD 8.91 Billion in 2017 to reach USD 11.03 Billion by 2022, at a CAGR of 4.4% between 2017 and 2022. The sodium silicate market is driven by the rising demand for sodium silicate from applications such as detergents, precipitated silica, construction, pulp & paper, water treatment, metal casting, and food preservation.

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Browse 146 market data Tables and 38 Figures spread through 133 Pages and in-depth TOC on “Sodium Silicate Market”.

Solid sodium silicate is estimated to be the largest form of sodium silicate

Solid sodium silicate is the largest form of sodium silicate produced. It suitable for a wide range of applications such as manufacturing of refractories, ceramics, and firestop devices due to its easy and low-cost transportation and storage compared to liquid sodium silicate. Most of the solid sodium silicate is converted into the liquid form by dissolving in water for use in applications such as detergents, precipitated silica, pulp & paper, and water treatment.

Detergents application: fastest-growing application for sodium silicate

The sodium silicate market size for the detergents application is projected to register the highest growth during the forecast period. The consumption of sodium silicate in this application is growing due to the rising demand for sodium silicate for the manufacturing of detergents that are used for various cleaning and washing processes, such as domestic or industrial clothes washing; floor cleaning; washing of dishes, bottles, dairy equipment, and locomotives; and metal cleaning and degreasing.

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Asia Pacific accounts for the largest share of sodium silicate market

Asia Pacific is estimated to be the largest market for sodium silicate. China is estimated to be the leading market for sodium silicate in Asia Pacific. India, Japan, and South Korea are the other major countries contributing to the growth of the sodium silicate market in the region. The increasing demand for sodium silicate from applications such as detergents and construction is expected to drive the sodium silicate market in these countries.

The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).

Microporous Insulation Market worth $165 million by 2023

The report “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″ The microporous insulation market size is projected to reach USD 165 million by 2023, at a CAGR of 4.7%, from an estimated USD 132 million, in 2018.

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Browse 106 market data Tables and 37 Figures spread through 138 Pages and in-depth TOC on “Microporous Insulation Market”

The flexible panels product type segment of the market is projected to register the highest CAGR, in terms of value, during the forecast period.

 The flexible panels product type segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. This is because flexible panels exhibit excellent dimensional stability and improved mechanical resistance against vibration and impact. They are energy-efficient and can be conveniently handled and transported. In addition, its growing demand from various applications, such as pipelines in the oil & gas sector; fuel cells in energy & power sector; filler materials in heat shield in the aerospace & defense sector; passive fire protection; vessel & reactors in the industrial sector; and others.

The aerospace & defense application segment of the microporous insulation market is projected to register the highest CAGR, in terms of value, between 2018 and 2023.

 The aerospace & defense application segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. The demand for microporous insulation is increasing in the aerospace application due to increasing demand for light-weight materials, which in turn, saves the fuel consumed during operation of an aircraft. In addition, the use of microporous insulation provides high performance and helps to meet the space and weight specifications in the aerospace sector. It is the most demanding sector in terms of performance & reliability due to operational and safety reasons.  

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Asia Pacific is projected to register the highest CAGR, in terms of value, in the microporous insulation market, between 2018 and 2023.

The microporous insulation market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR, in terms of value, during the forecast period. The growth of the microporous insulation market in the region is attributed to the rising awareness about the benefits of microporous insulation materials and growing industrialization and infrastructure development in the region. In addition, increase in the demand for energy, power, metal, and automobiles is also expected to drive the market.

The key 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).  

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Paper is the key end-use industry for CHPTAC

Increased use of paper and paper products with the increasing modernization and industrialization drives the paper industry in Asia-Pacific, making it an attractive market for CHPTAC. China’s paper industry drives the market for CHPTAC in the country with China being the largest market. Asia-Pacific is the fastest-growing market for CHPTAC, followed by Europe and North America which are growing at almost the same pace. The U.S., Thailand, and China are the world’s largest markets for CHPTAC in various end-use industries which include paper, water treatment, oil & gas, etc. Moreover, China and India are projected to be the fastest-growing economies between 2015 and 2020. The U.S. accounted for largest share of the CHPTAC market for starch modification. The U.S. is one of the largest producers of corn and maize for which it is one of the key producers of modified starch, which makes it the largest market for CHPTAC.

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The paper industry in the developed and developing counties offers growth opportunities. Supported by favorable growth in a number of end-use industries with small shares in the personal care, textile, dye, chemicals, nutraceuticals, and cosmetics of CHPTAC, the overall CHPTAC market remains attractive during the forecast period.

The top countries in terms of demand of CHPTAC are U.S., Thailand, China, and the Netherlands, among others.

The market for CHPTAC (3-chloro-2-hydroxypropyl)trimethylammonium chloride is growing at an average pace, with Asia-Pacific leading in terms of demand, followed by Europe and North America. The CHPTAC industry is segmented by its end-use industries which include paper, textile, water treatment, oil & gas, and others (personal care, dye, nutraceuticals, cosmetics, and chemicals). The paper industry accounts for the maximum share of CHPTAC produced globally. In terms of volume, the CHPTAC market is projected to register a CAGR of 3.3% between 2015 and 2020. The fastest-growing application of CHPTAC is projected to register a growth rate of 3.7% during the forecast period.

This report follows both top-down and bottom-up approaches to estimate and forecast the CHPTAC market by volume and value. This report focuses on the CHPTAC market by its end-use industry and region.

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Anionic Surfactants Market worth 20.10 Billion USD by 2022

The report “Anionic Surfactants Market by Type (LAS, Lignosulfonates, AES/FAS, Alkyl Sulfates/Ether Sulfates, Sarcosinates, Alpha Olefin Sulfonates, Phosphate Esters), Application (Home Care, Personal Care, Oil & Gas, Construction), and Region – Global Forecast to 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%. Anionic surfactants are widely used in cleaning and related products such as detergents, soaps, cleaners, shampoos, and hand washes. These are among the largest application areas of surfactants due to which anionic surfactants account for the majority of share of the overall surfactants market. The rising number of applications in home care, personal care, oil & gas, construction, textiles, agriculture, and food processing industries is driving the anionic surfactants market. The growing demand for detergents and cosmetics is also driving the market.

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Home care application accounted for the largest share in 2017.

The home care segment is projected to be the largest market for anionic surfactants from 2017 to 2022, owing to the rapid growth of the chemical industry in Asia Pacific. Factors such as rising disposable incomes, rising living standards, flexible government taxation policies, rapid technological advancements in products, and product offerings by major international and domestic players at competitive prices are few of the major factors driving the market for chemicals. This, in turn, is driving the anionic surfactants market in the home care application.

Lignosulfonates is expected to be the fastest-growing segment in the anionic surfactants market.

Lignosulfonates are widely used in the construction industry as a concrete additive. The construction industry is witnessing high growth in almost all the regions such as the Middle East and Asia Pacific, especially in countries such as China, India, the UAE, and Saudi Arabia, among others. The growth in the housing and infrastructure sectors (hotels, stadium, and restaurants) in Asia Pacific is contributing to the demand for lignosulfonates in the region.

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Asia Pacific was the largest anionic surfactants market in 2017.

In Asia Pacific, China was the largest market for anionic surfactants in 2017, wherein the market is driven by demand from industries such as home care, personal care, oil & gas, construction, and textiles, among others. The market players are undertaking various technological developments and expansions to meet the increasing demand and enhance profit margins. The market in this region has promising growth potential owing to the availability of low-cost raw materials. The presence of vast manufacturing industry, which includes textiles, paints, oil & gas, chemicals, cosmetics, and detergents, is also expected to drive the market in the region.

The global anionic surfactants market has a large number of market players; however, the market is led by some major players, such as AkzoNobel (Netherlands), BASF (Germany), Clariant (Switzerland), DowDuPont (US), Evonik (Germany), Croda International (US), Stepan Company (US), Huntsman (US), Kao Corporation (Japan), and Galaxy Surfactants (India), among others.

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Leading players deploying multiple strategies to strengthen their position in engineered foam market

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. The growing demand for engineered foam from end-use industries has led to significant developments in the engineered foam market. Engineered foam has been increasingly used over general foams with enhanced features such as high strength & stiffness, uniform distribution of load, improved performance in extreme conditions, stability in corrosive environments, and others. Engineered foam is largely used in aerospace & defense, transportation, manufacturing & constructions, medical & healthcare, and other industries for insulations and cushioning applications.

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Polyurethane is the major material type used for making engineered foams, followed by polystyrene, polyvinyl chloride, and others. Engineered foams are available in three forms, namely, flexible form, rigid form, and spray forms. With increasing demand for customized materials for cushioning and insulation applications by various end-use industries, the engineered foam market is expected to grow at a significant pace during the forecast period.

Key players operating in the engineered foam market include BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Bayer AG/Covestro (Germany), Seikisui Chemical Co., ltd (Japan), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.A.R.L (U.K.), Armacell GmbH ( Luxembourg), Foamcraft, Inc. (U.S.), Foampartner group (Switzerland), Future Foam, Inc. (U.S.), FXI-Foam Innovations (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.), The Woodbridge Group (Canada), among others. Some of them are specialized foam manufacturers while others are raw material manufacturers with forward integration in some grades of foam manufacturing.

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Substantial investments for expansions, agreements, and new product launches have been made in the past few years by key companies such as Bayer AG, The Dow Chemical Company, Armacell GmbH, BASF SE, and Huntsman Corporation. Among these, Bayer AG is one of the most active players in the market with regards to adoption of growth strategies. It has expanded its business in different regions to increase its global reach and also to cater to its customers with prominent product launches. Bayer AG has been focusing on new product launches and also is expanding its business in new geographies. This has helped the company expand its global footprint and tap the critically advantageous geographic regions that are witnessing rapid growth in the engineered foam market. BASF SE and The Dow Chemical Company have also outperformed other companies in the number of developments. The companies have actively been involved in new product launches through high R&D investments. In September 2013, BASF built the Polyurethane Systems House, in which polyurethane raw materials are blended to deliver customized products, including products for medical applications. Customized raw material would further help the company manufacture quality foam products.

Armacell GmbH is another company specialized in production of engineered foams and is focused on organic as well as inorganic growth strategies. The company has made several acquisitions in Europe and Americas region in the past few years to increase its market share in the subsequent areas. In October 2016, the company acquired 100% of the shares of PoliPex Ltda. (PoliPex), a leading Brazilian manufacturer of extruded polyethylene (PE) insulation foams. This will increase the product portfolio of Armacell GmbH into polyethylene foams. The company also made some new product launches that includes Armaflex Ultima, a blue elastomeric foam based flexible insulation material. The launch aims to gain fire class BL-s1, d0 (tubes) stages respectively for B-s2, d0 (sheets). This launch helped the company diversify product portfolio.

The global engineered foam market is a competitive market, with key players adopting various growth strategies to expand their shares in the global engineered foam market.

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Compressor Rental Market worth 5.53 Billion USD by 2026

The report “Compressor Rental Market by Compressor Type (Reciprocating, Rotary Screw), End-Use Industry (Construction, Mining, Oil & Gas, Power, Manufacturing), Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) – Global Forecast to 2026″, The compressor rental market is projected to reach USD 5.53 Billion by 2026, at a CAGR of 6.4% from 2016 to 2026.

Browse 81 market data tables and 48 figures spread through 139 pages and in-depth TOC on “Compressor Rental Market”

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Increasing demand for pneumatic tools in the construction and manufacturing end-use industries is fueling the growth of the compressor rental market. Even though, the mining equipment market was experiencing a lull over the past few years, it began to witness a positive trend, in terms of demand for mining equipment since 2015. Air compressors are best suited for heavy duty applications in mining operations. The revival of the mining equipment market is expected to have a positive impact on the growth of the compressor rental market during the forecast period.

Among end-use industries, the chemical segment of the compressor rental market is projected to grow at the highest CAGR from 2016 to 2026.

In the chemical industry, air compressors are used for transporting liquids under pressure. They are also used in pressurizing tanks, aeration tanks, and culture vessels for spot cooling and molding plastics. Air compressors find application in the automatic control systems used in the chemical industry. Besides air compressors, screw compressors are also commonly used in the chemical industry. Rapid growth of the chemical industry in the Middle East & Africa and Asia-Pacific regions is fueling the growth of compressor rental market.

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Based on compressor type, the rotary screw segment of the compressor rental market is projected to grow at the highest CAGR from 2016 to 2026.

On basis of compressor type, the rotary screw segment accounted for the largest share of the compressor rental market in 2015. This segment is projected to grow at the highest CAGR during the forecast period, 2016 to 2026. Rotary screw compressors are being increasingly used as power tools in the construction industry. In the oil & gas industry, rotary screw compressors are used in oil rigs to extract crude oil. Growth of the construction and oil & gas industries has resulted in growth of the rotary screw compressor type segment of compressor rental market.

The compressor rental market in the Asia-Pacific region is expected to grow at the highest CAGR between 2016 and 2026.

The Asia-Pacific compressor rental market is projected to grow at the highest CAGR between 2016 and 2026. Growing industrialization and infrastructure development in the Asia-Pacific region offers numerous opportunities for use of air compressors. The key driver for the growth the Asia-Pacific compressor rental market is the rising demand for compressors from the construction industry.

Key players, such as Atlas Copco, Ingersoll Rand, and United Rentals, Inc., among others have been focusing on the strategy of mergers & acquisitions to expand their presence in the compressor rental market.

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Latest Update on Waste Heat Recovery System Market

The market size of waste heat recovery (WHR) system was USD 44.14 billion in 2015 and is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The major players adopted key strategies such as supply contract and agreements to increase their market share and revenue. Other major growth strategies adopted by WHRS manufacturers are acquisitions and partnership & collaboration that help the company strengthen their position in the WHR system market.

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Major players operating in the WHR system market 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).

Ormat Technologies Inc. (U.S.) is one of the leading WHR system manufacturers, globally. The company has been focusing on supply contracts to maintain its leading position in the market. For instance, in November 2014, Ormat Technologies secured a contract of USD22.3 million from Utah Associated Municipal Power Systems (U.S.) for engineering, procurement, and construction at the Kern River Gas Transmission Company’s Veyo natural gas compressor station in southern Utah. This contract included installation of air-cooled Ormat Energy Converter, which will generate power using the recovered heat.

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Amec Foster Wheeler (U.K.) is another major player in the WHR system market. The company has been focusing on supply contracts as part of its strategic development activities. In April 2016, Amec Foster Wheeler secured a contract from Cleco Corporation (U.S.) to design and supply a complete 50 MWe power island in Louisiana, US. This waste heat generated from the production of carbon black, used in items such as tires and industrial rubber products will be used to produce steam, which will in turn create electricity that can be sold and sent to the grid. This contract included supplying the power plant’s major equipment, including steam turbine generator, WHR steam generator, feedwater heater, condenser, deaerator, pumps, and cooling tower.

This report provides a detailed analysis of the WHR system market and segments the same on the basis application, end-use industry, and region. Based on application, the market has been segmented into preheating, steam & electricity generation, and others. Based on end-use industry, the market has been segmented as petroleum refining, metal production, cement, chemical, paper & pulp, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Don’t miss out on business opportunities in Waste Heat Recovery System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.