Steady Growth of Chemical industry across the globe to drive Chlor-Alkali Market

 

The global Chlor-Alkali market size is estimated to be USD 63.2 billion in 2021 and is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1% between 2021 and 2026. The growth in demand for chlor-alkali in the APAC is expected to be driven by the vinyl chain (EDC/VCM/PVC). The demand for chlor-alkali in the APAC is driven by China, which accounts for a major share, globally. China is one of the fastest-growing countries, in terms of chlor-alkali consumption, due to its large chemical and petrochemical industries. India, with its emerging economy is expected to propel the demand for chlor-alkali products during the forecast period.

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Chlor-alkali products such as chlorine, caustic soda, and soda ash play a vital role in the chemical industry. These products are necessary raw materials in major bulk chemical industries and utilized in various industrial and manufacturing value chains. The products are used in different applications such as plastics, alumina, paper & pulp, and others and find applications in diverse end-use industries (construction, automotive, and others). Thus, rising chemical output and strong economic conditions in emerging countries are expected to drive the growth of the chlor-alkali market.

• According to the European Chemical Industry Council (Cefic), in 2019, the global sale of chemicals was worth USD 4,108 billion. China dominates the sales of chemicals, followed by the European Union and the US. The sales of chemicals are expected to reach USD 6.9 trillion by 2030. Chlor-alkali products being one of the key raw materials for various products in the chemical industry, high demand is expected to further drive demand.
• According to PlasticsEurope, global plastic production in 2019 was 368 million tons. APAC dominated the market accounting for 51% of the global production.
• PVC is utilized in the construction, electronics, healthcare, automotive, packaging, and other end-use industries. Its low cost and desirable physical & mechanical properties make it a suitable material was various applications. In 2019, the demand for PVC in Europe was approximately five million tons, which accounted for 10% of the overall production of plastic in Europe.
• There is high growth in the construction sector in the US, China, and India. In 2019, the contribution of construction to the GDP of India, the US, and China was approximately 9%, 6%, and 7% respectively.
• Recovery of the automotive sector is expected to drive the demand for PVC, aluminum, and other materials in the automotive industry which is expected to further drive the market for chlor-alkali products

APAC accounted for the largest share of the Chlor-Alkali market in 2020, followed by Europe and North America. APAC recorded the largest demand for chlor-alkali in the past few years due to the growing investments in developing countries and manufacturing capacity additions across end-use industries, especially water treatment, and chemical processing. Increasing investments in infrastructure development projects, growing urbanization, rapid industrialization, improving the standard of living, and thriving automotive sector, as well as high economic growth, are the key factors for the regions overall growth.

The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited (India), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Solvay SA (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem (Hungary), and others.

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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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Aroma Ingredients Market worth $2.83 billion by 2023

The report “Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023″, The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.

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Based on type, the synthetic ingredients segment of the aroma ingredients market is projected to grow at the highest CAGR, in terms of value from 2018 to 2023

Based on type, the aroma ingredients market has been segmented into synthetic ingredients and natural ingredients. The synthetic ingredients segment of the market is projected to grow at the highest CAGR in terms of value during the forecast period. Synthetic ingredients are compounds artificially made through chemical reactions. They have characteristic odors as per their molecular structures. These are synthesized using various artificial chemicals primarily derived from coal tar and petroleum. Synthetic ingredients are less costly as well as consistent in quality and price, unlike natural ingredients. Hence the synthetic ingredients are the fastest-growing type of aroma ingredients.

Based on application, the fine fragrances segment is projected to lead the aroma ingredients market during the forecast period in terms of value

The fine fragrances segment is projected to lead the aroma ingredients market in terms of, a value between 2018 and 2023. Fine fragrance is a term used for products diluted with alcohol and contains a high concentration of aroma ingredients. Fine fragrances include major applications, such as perfumes, colognes, body mists, and deodorants. Aroma ingredients are the key compounds in fine fragrance formulations. The increasing demand for perfumes, colognes, deodorants, and body mists across the globe is expected to drive the demand for aroma ingredients in the fine fragrances application.

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The European region is expected to be the largest market for aroma ingredients during the forecast period

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

Some of the key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

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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.

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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.

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Latest Update on 3D PA (Polyamide) Market

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

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The PA11 and PA12 market in 3D printing is an emerging market with a significant number of global and regional players. This market is dominated by a few players in North America and Europe region. PA12 has a large number of developed grades for 3D printing in comparison to PA11, which is an evolving market. EOS GmbH (Germany), Arkema SA (France), 3D Systems (U.S.), Stratasys (U.S.), and Evonik AG (Germany) are the major manufacturers of PA11 and PA12 grades. Arkema SA and Evonik AG has its own supply base whereas the other companies mentioned above modify the basic grades of PA 11 and PA 12. These players have been focusing on organic as well as inorganic growth with special focus on the Asia-Pacific market. Agreements, collaborations, expansions, investments, and new product launches are some of the key strategies adopted by market players to achieve growth in the 3D printing market. The expiry of major laser sintering patents in 2014 has helped many players to enter into 3D printing market

Substantial investments have been made in the past few years by key companies such as EOS GmbH (Germany), 3D systems (U.S.), Stratasys (U.S.), Arkema SA (France) and others in the form of new facilities, joint ventures, collaborations, and others. Arkema SA (France) has been instrumental in promoting PA11 for which it is a major supplier as an unfilled powder for 3D printing as well as to the intermediaries which modify the grades according to the end user requirements. EOS GmbH (Germany) has developed a large number of grades of PA11 and PA 12 to support its laser sintering systems business. Recently, the company launched PA1102, PA2241FR, PA1101, Prime part plus, and others to increase its product portfolio. 3D Systems (U.S.) recently launched ProX GF/AF/ EX and others. The company acquired CRDM Ltd., a U.K.-based firm in August 2013, which has materials, such as polyamide, polyurethane resins, stainless steel, cobalt chrome, and ABS. The acquisition helped 3D Systems to add the stated materials to its portfolio along with the market share of the company in Europe.

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Arkema SA (France) and Evonik AG (Germany) have been the key suppliers of PA11 and PA12 bio-based and specialty polyamides. Arkema SA has made some key strategic partnerships with castor oil suppliers, such as Jayant Agro and others in the Asia-Pacific region. Evonik AG has been instrumental in the supply of PA12 directly as 3D printing unfilled powder or to the intermediaries, which is primarily used in 3D printing technology by laser sintering. Apart from these, many players from China has emerged in the scene to supply primarily unfilled grades of PA12.

Apart from new product launches and expansions, companies operating in this market have also been focusing on mergers & acquisitions which together accounted for around 30% of the total new developments in the polyamide market between 2012 and 2015. 

Ultra-High Molecular Weight Polyethylene Market (UHMWPE) worth 2.16 Billion USD by 2021

The report “Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes), End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), Region – Global Forecast to 2021″, The Ultra-High Molecular Weight Polyethylene (UHMW PE) market is projected to reach USD 2.16 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021. This growth is mainly attributed to the increasing demand for UHMW PE from the healthcare & medical industry worldwide due to its properties such as self-lubrication, biocompatibility, and impact resistance.

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Sheets segment estimated to lead the UHMW PE market in 2016

By form, the sheets segment is estimated to account for a major share of the UHMW PE market in 2016. This large share is mainly attributed to the extensive use of sheets in the aerospace, defense, & shipping industries for the manufacture of aircraft interiors & mechanical equipment industries for the manufacture of conveyer belts. Rods & tubes are the second most used form of UHMW PE used majorly in the mechanical equipment industry.

Healthcare & medical end-use industry segment expected to lead the UHMW PE market by 2021

By end-use industry, the healthcare & medical segment is estimated to account for a major share of the UHMW PE market in 2016. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.

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The North American region is expected to lead the global UHMW PE market during the forecast period

By region, North America is estimated to account for the largest share of the global UHMW PE market in 2016, and the U.S. is estimated to account for the largest market share in 2016. The growing aerospace, defense & shipping, and healthcare & medical industry in the North American region is driving the demand for UHMW PE.

Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany) are some of the key players in the global UHMW PE market.

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Glass Filled Nylon Market worth $10.8 billion by 2024

The report “Glass Filled Nylon Market by Type (Polyamide 6, Polyamide 66),End Use Industry(Automotive, Electrical & Electronics, Industrial), Manufacturing Process(Injection Molding, Extrusion Molding), Glass Filling and Region Global Forecast to 2024″ The glass filled nylon market size is estimated to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% during the forecast period. The glass filled nylon market is witnessing significant growth because of the growing demand from industries such as industrial, automotive, and electrical & electronics. Glass filled nylon provides various superior properties such as high strength, dimensional stability, high creep resistance, and chemical resistance.

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The automotive end-use segment accounted for the largest share of the glass filled nylon market in 2019.  

Automotive is an important end-use industry segment of the glass filled nylon market. 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.

Polyamide 6 is the most widely used glass filled nylon.

Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon suitable for various applications in the automotive and electrical & electronics industries.

APAC is expected to be the largest market for glass filled nylon during the forecast period.

APAC is the largest glass filled nylon market, in terms of value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. The booming electrical & electronics and industrial sectors are also bolstering the glass filled nylon market in APAC. China is one of the prominent consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry, which is expected to strengthen its position further.

Major players in the glass filled nylon market include 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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Healthcare Adhesive Tapes Market worth $37.3 billion by 2023

The report “Healthcare Adhesive Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper, Fabric, Plastic), Application (Surgery, Hygiene, Wound Dressing, Secure Iv Lines, Ostomy Seal, Splint, Bandages, Diagnostic), and Region – Forecast to 2023″ The healthcare adhesive tapes market is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. The major factor driving the healthcare adhesive tapes market includes the increase in demand for surgeries, wound dressings, hygiene, transdermal drug delivery, and many others, owing to their advantages in many medical applications. These adhesive tapes have wide acceptability due to factors such as low cost and easy availability, as compared to traditional medical procedures.

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Acrylic is estimated to be the largest resin segment in the healthcare adhesive tapes market during the forecast period.

The acrylic segment is expected to account for the largest market share during the forecast period because of its better adhesion properties to a variety of substrates. Acrylic adhesive tapes are designed with high or low tack and high or low peel strength. These tapes are permeable to moisture that is measured by the moisture vapor transmission rate (MVTR). Acrylic healthcare adhesive tapes release off from body or skin without leaving adhesive residue. These tapes are preferred for stick-to-skin application because of the breathable nature compared to rubber adhesive tapes.

Fabric to account the largest share as a backing material in the healthcare adhesive tapes market during the forecast period.

The fabric is the most popular backing material used in the manufacturing of healthcare adhesive tapes. Fabric healthcare adhesive tapes are high in demand as they have high strength, toughness, good abrasion, and heat resistance, low creep at elevated temperatures, good chemical resistance, and excellent dimensional stability. Owing to its strength, these tapes are used for securing dressings, catheters, tubing, and wound dressing and for other medical purposes.

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North America to account for the largest share of the healthcare adhesive tapes market during the forecast period.

Various factors have contributed to the growth of the North American healthcare adhesive tapes market. These factors include the rising incidence of chronic wounds, increase in the number of elderly citizens, increasing patient awareness on wound care, aging population, and technological advancements in the healthcare industry. The surgical adhesive tapes application has witnessed steady growth along with an increase in orthopedic and trauma, neurosurgery, cardiovascular, and gastroenterology. The increasing number of orthopedic procedures in the US is driving the demand for bandages and healthcare adhesive tapes.

Major vendors in the healthcare adhesive tapes market include 3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc. (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden).

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Hydrogel Market worth 15.33 Billion USD by 2022

The report “Hydrogel Market by Raw Material Type (Natural, Synthetic, Hybrid), Composition (Polyacrylate, Polyacrylamide, Silicon), Form (Amorphous, Semi-crystalline, Crystalline), Application (Contact Lens, Personal Care & Hygiene), Region – Global Forecast to 2022″, The hydrogel market is estimated to be USD 11.43 Billion in 2017 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% between 2017 and 2022. The growth of the hydrogel market can be attributed to an increase in the consumption of personal care & hygiene products in emerging economies and a rise in the production facilities of hydrogels.

Browse 80 Market Data Tables and 31 Figures spread through 133 Pages and in-depth TOC on “Hydrogel Market”

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The agriculture segment is projected to grow at the highest CAGR during the forecast period

Based on application, the agriculture segment is anticipated to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing agricultural activities in various regions, such as Asia Pacific, North America, Europe, and the Middle East & Africa. Moreover, the growing usage of hydrogels as a key material for farming, owing to its characteristics such as water holding ability, has contributed to the growth of the hydrogel market in agriculture.

The polyacrylate segment is projected to be the fastest-growing composition segment of the hydrogel market

Based on composition, the polyacrylate segment of the hydrogel market is anticipated to grow at the highest CAGR between 2017 and 2022. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in the personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.

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The hydrogel market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period

Asia Pacific accounted for the largest share of the hydrogel market in 2016. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Among all countries in the Asia Pacific region, the hydrogel market in India is projected to grow at the highest CAGR during the forecast period. This market in North America is projected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in this region.

Key players operating in the hydrogel market include Johnson & Johnson (US), Cardinal Health (US), the 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US), MPM Medical (US), Molnlycke Health Care (Sweden), Hollister (US), Medline Industries (US), Gentell (US), and Alliqua BioMedical (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the hydrogel market.

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High Performance Fluoropolymers Market worth 5.08 Billion USD by 2022

The report “High Performance Fluoropolymers Market by Type (FPTFE, FEP, PFA/MFA, ETFE), End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North America, Asia Pacific, Europe) – Global Forecast to 2022″, The market size of high performance fluoropolymers is estimated to grow from USD 3.69 Billion in 2017 to USD 5.08 Billion by 2022, at a CAGR of 6.6%. The market is driven due to the replacement of conventional materials by HPFs in various end-use industries, such as electrical & electronics, medical, industrial processing, and transportation, for high temperature applications, as well as improved regulations by the regional environment associations.

Browse 63 Market Data Tables and 34 Figures spread through 124 Pages and in-depth TOC on “High Performance Fluoropolymers Market”
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PTFE is most widely used resin type in the HPFs market

High performance fluoropolymers are of various types. PTFE, FEP, PFA/MFA, and ETFE are the main types considered in the report. The PTFE segment accounted for the largest market share, in terms of both value as well as volume, followed by FEP and PFA/MFA segments in 2016. The PTFE segment captures the largest market share due to its high demand in various applications, vast availability, and better properties For example, PTFE’s high chemical resistance makes it convenient for fittings and in equipment for chemical and food processing industries. In addition, it is used to manufacture products such as seals, piston rings, and bearings in the industrial equipment industry. It is available at a lower price as compared to other high performance fluoropolymers. It is also the most extensively used HPF for non-stick coating on pans and other cookware applications.

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Industrial processing segment projected to lead the HPFs market

High performance fluoropolymers are used in various end-use industries, such as industrial processing, transportation, electrical & electronics, medical, and others. The industrial processing end-use industry was estimated to account for the largest market share in 2016, in terms of value as well as volume, followed by transportation, electrical & electronics, and medical industries. This high demand in industrial processing is due to the high heat and chemical resistance properties of HPFs, which provide better efficiency over traditional materials in various applications in industrial processing. In this industry, HPFs are widely used in chemical processing, food production, textile processing, oilfield equipment, and pharmaceutical processing.

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North America: The largest market for high performance fluoropolymers

North America is currently the largest market for HPFs owing to its fast pace of economic advancement and huge demand from a wide range of industries such as electrical & electronics, chemical, and automobiles. In addition, the increasing usage of HPFs in wire & cable and semiconductor production in the electrical & electronics industry to fulfill the increasing demand for high-speed data transfer over long distances is driving the market in the US. The US is the largest market for HPFs in the North American region. 
Forces driving the market for HPFs in North America are:

• Presence of major manufacturers of HPFs in the region
• Growing end-use industries, such as transportation, electrical & electronics, and medical in major countries such as the US and Canada

Key players in the high performance fluoropolymers market are The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), and Gujarat Fluorochemicals Limited (India).

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