Expansion was the Key Strategy Adopted by the Leading Players of the Polymer Emulsion Market

The polymer emulsion market size is expected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, at a CAGR of 7.6%. The global polymer emulsion market is expected to be driven by growing end-use industries such as automotive & transportation and building & construction, especially in the emerging economies. Stringent governmental regulations such as REACH Europe and the Clean Air Act as well as growing awareness towards green building are also driving the polymer emulsion market.

The polymer emulsion market’s competitiveness is continuously increasing with growing demand from various end-use industries. Major polymer emulsion players have adopted various strategies to capture market share and retain their position in the market.  DIC Corporation (Japan), DowDuPont (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Omnova Solutions Inc. (US) are the key players in the polymer emulsions market.

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DowDuPont (US) is the largest player in the market. In May 2018, The Dow Chemical Company, subsidiary of DowDuPont, opened a new Eastern Canada Regional Sales Center in Toronto. The center will serve as a strategic commercial hub for Dow and will increase collaboration and address the needs of Canadian customers. Furthermore, in May 2017, the company signed two agreements to advance Dow’s strategic innovation agenda in the Kingdom of Saudi Arabia. The company will construct a state-of-the-art manufacturing facility to manufacture a range of water-treatment and coatings products. The new facility will serve the country’s need with an innovative range of acrylic-based polymers for architectural and industrial coatings as well as detergent and water-treatment applications.

BASF SE (Germany) is the second-largest player in the market. The company produces a broad range of polymer emulsion for different applications. In March 2018, the company expanded its production facility of Joncryl water-based emulsions at its Ludwigshafen site. This will strengthen the company’s position as a leading manufacturer of water-based resin and emulsion which are used in overprint varnishes, printing inks, as well as functional coatings for flexible packaging and paper & board applications. This is one of the major expansion strategies adopted by the player in the market.

Celanese Corporation (US) maintains its key position by adopting expansion as a strategy in the polymer emulsion market.  In September 2016, the company started production at its newest VAE production unit in Jurong Island, Singapore. This will meet the growing demand for eco-friendly materials in the Southeast Asia region and will support the company’s strategy to add production facilities close to its customer base. In the same year, the company expanded its vinyl acetate/ethylene emulsion product portfolio with the addition of Celvolit 149HV at its Nanjing, China plant. This positioned the company to deliver greater value in adhesive applications to their customers.

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Leading Players and their key Strategies in the Glass Fiber Reinforced Gypsum Market

GFRG, also known as GRG, is a multi-layered composite composed of continuous strand fiberglass mats embedded in a high-density matrix made of alpha gypsum cement plaster. GFRG used as panels comprise chopped glass fibers commonly known as Rapidwall/Gypcrete in the construction industry. GFRG can also be used as pre-cast molds that can be customized into a multitude of finishes, textures, and shapes according to the requirement. They are used in interior as well as exterior applications. Interior application of GFRG include lightweight load bearing, cladding, partition walls, ceilings, ceiling coffers, vault, shaft walls, light covings, and others. Exterior applications include compound walls, sidewalls, wall cladding, and load bearing. The end-use industry for GFRG includes residential and non-residential construction industries. The non-residential industry includes religious places, airports, hospitals, gaming, transportation, casinos, educational institutes, etc. The GFRG market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0% from 2018 to 2023.

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Key players operating in the GFRG market work on numerous projects to strengthen their market position.

Formglas (US), one of the leading manufacturers with a strong product portfolio, provides GFRG to numerous projects to build ceilings, domes, walls, columns, and light covers. The company has recently worked on numerous big projects, namely Macedonian Orthodox Church St. Ilija (Canada), Koi Las Vegas (US), Exxon Mobil Corporation (UAE), etc. The company has a well-established brand name and undertaken various projects across the globe.

Major players operating in the GFRG market include Gillespie (UK), USG Corporation (US), Continental Building Products (US), Chiyoda UTE (Tokyo), CertainTeed (US), Knauf Danoline (Denmark), Saint-Gobain Gyproc (France), and Georgia-Pacific (US). These companies have a strong presence in the GFRG market and are continuously undertaking efforts to improve their business strategies and product portfolios.

Gillespie (UK) is one the leading market players who have worked on various projects across the globe. They are known for their product Zerodec GRG, which is majorly used for interior applications. They have worked on numerous projects such as Venetian, Macau (China), Oita Public Library (Japan), Hilton Hotel (Singapore), Hyatt Regency Hotels (Saudi Arabia), Royal Ascot Racecourse (UK), and several such popular buildings built by the company using GFRG. The company has a strong presence in different parts of the globe. Recently, the company has started working on various projects in different parts of the MEA.

Related Reports:

GFRG (Glass Fiber Reinforced Gypsum) Market by Type (Type X, Type C), Application (Interior and Exterior), End User (Residential and Non-Residential), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2023

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Leading Market Leader - Refrigeration Oil Market

The refrigeration oil market is estimated to be USD 1,005.2 Million in 2017 and is projected to reach USD 1,243.6 Million by 2022 at a CAGR of 4.3% between 2017 and 2022. The increasing demand for refrigerators and freezers from the food and pharmaceutical industries to preserve packaged food items and drugs is one of the major factors driving the market, as refrigeration oil is used to lubricate the compressors in these systems. The rising demand for low global warming potential (GWP) refrigerants, such as hydrofluoroolefins (HFO), carbon dioxide (CO2), ammonia (NH3); and hydrocarbons, such as propane, isobutane, and propylene in refrigeration systems is another factor fueling the growth of the refrigeration oil market. The refrigeration oil market is evolving with major players playing a crucial role in the expansion of their business and entering into joint ventures. Key players in the refrigeration oil market include JXTG Group (Japan), BASF (Germany), and Idemitsu Kosan Co. (Japan).

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Players in the refrigeration oil market are mainly concentrating on expansions and joint ventures to meet the growing demand from the various application segments. Expansions help companies meet the growing demand for refrigeration oil in regions such as Europe, and APAC, while joint ventures help companies strengthen their foothold in the refrigeration oil market.

JXTG Group is the largest player in the refrigeration oil market and engages in the development, production, and sale of petroleum, natural gas, and metals. The company accounted for the largest share of the refrigeration oil market in APAC in 2016. JXTG Group offers POE oil, blends of AB and mineral oil, and mineral oil. The company has a major presence in Japan and is focusing on joint ventures to meet the growing demand in the refrigeration oil market. In March 2014, JXTG Nippon Oil & Energy Corporation, a subsidiary of the JXTG Group, announced a 50:50 joint venture with Tide Water Oil (India) to manufacture and sell lubricants in India. This helped the company strengthen its lubricants business in India.

BASF is one of the world’s largest chemical companies and one of the world’s largest players in the refrigeration oil market. It engages in manufacturing and selling a wide range of chemicals and intermediate solutions. The company offers POE and PAG refrigeration oils. It focusses on joint ventures and expansions to remain competitive in the refrigeration oil market. In February 2015, BASF SE and PETRONAS (Malaysia) built a new plant that produces 2-Ethylhexanoic (2-EH) acid. The acid is a chemical intermediate used in the production of synthetic lubricants and oil additives. The expansion helped the company strengthen its synthetic lubricants business. In May 2014, BASF announced the construction of a new plant for PAG lubricants at its Ludwigshafen site in Germany.

Idemitsu Kosan Co. is a petroleum refining and manufacturing company in Japan. The company has a major presence in APAC and manufactures and sells petrochemical and oil products. It offers PVE and PAG refrigeration oils to global customers. Idemitsu focuses on joint ventures, agreements, and expansions to remain competitive in the refrigeration oil market. In October 2017, the company started operating a service station business in Hanoi, Vietnam, that helped it strengthen its businesses ranging from production and procurement of petroleum products to the sale of such products in the overseas market of the Pacific Rim.

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BASF (Germany) and Songwon (South Korea) ara the Major Players in the Plastic Antioxidants Market

The plastic antioxidants market is expected to grow at a CAGR of 4.5% from 2017 to 2022, in terms of value. Asia-Pacific was the largest market for plastic antioxidants in 2016. The growing demand for plastics in countries, such as China, Japan, South Korea, and India from the packaging, building & construction, medical, and automotive industries is expected to fuel the growth of plastic antioxidants in the region. The market is evolving with major players playing a crucial role in the development of the new and advanced products. Key players in the market include BASF (Germany), Songwon (South Korea), and ADEKA (Japan).

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Players in the plastic antioxidants market are mainly concentrating on expansions, agreements, new product launches, and acquisitions to meet the growing demand from various end-use industries. Expansions help the companies to meet the growing demand for plastic antioxidants in regions such as Asia-Pacific and South America. BASF, Songwon, and ADEKA Corporation have a major share in the plastic antioxidants market.

BASF is focused on expansions to meet the growing demand in the market. In March 2017, the company announced plans to build a new plastic additives plant in Shanghai, China to increase the production of antioxidants and associated blends. The expansion helped the company to meet the growing demand for plastic antioxidants in Asia-Pacific. In 2016, the company announced its plans to invest more than USD 212.1 million to increase the capacity of its global plastic additives production network and meet the growing demand for antioxidants and light stabilizers.

Songwon is focused on new product launches and agreements to meet the growing demand for plastic antioxidants. In August 2017, the company launched nonylated diphenylamine antioxidants SONGNOX L670 and liquid phenolic antioxidants SONGNOX L135. In February 2017, Songwon signed an agreement with Biesterfeld, a leading distributor of plastics and specialty chemicals in Turkey for the distribution of Songwon’s comprehensive range of polymer stabilizers for the automotive, packaging, appliance, and coatings industries in Turkey.

ADEKA focuses on expansions to strengthen its market position in the plastic antioxidants market. In August 2016, the company established a new subsidiary, ADEKA Fine Chemical (Zhejiang) Co., Ltd. in China to manufacture and sell polymer additives.

Related Reports:

Plastic Antioxidants Market by Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends) – Global Forecast to 2022

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Modernization of Infrastructure for Better Performance and Long Service Life Across Various Industries is a Key Factor Expected to Fuel the Growth of the FRP Gratings Market

FRP gratings are used in various applications, due to their versatile properties. FRP gratings in stair treads, walkways, and other applications are a cost-effective means of substituting engineering metals. These gratings are corrosion-resistant and lightweight, which leads to low maintenance and installation costs. The gratings have excellent mechanical properties and stiffness-to-weight ratio, which makes them suitable for use in the construction industry. The global FRP gratings market is projected to reach USD 574.2 Million by 2021, at a CAGR of 4.24% from 2016 to 2021.

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Key companies offering FRP gratings have established offices, manufacturing plants, and distribution centers globally to cater to the increasing demand for these gratings from various end-use industries. Companies such as Kemrock Industries & Exports Ltd. (India), Locker Group (Australia), Webforge (Australia), and Ferro Tech International (UAE) are manufacturing FRP gratings in emerging economies in the Middle East & Africa and Asia-Pacific.

Major manufacturers profiled in this report are Strongwell Corporation (U.S.), Techno Composites Domine GmbH (U.K.), McNichols Company (U.S.), Meiser GmbH (Germany), Bedford Reinforced Plastics (U.S.), AGC Matex Co. Ltd. (Japan), Kemrock Industries & Exports Ltd. (India), Eurograte Fiberglass Grating (Italy), Fibergrate Composite Structure (U.S.), Ferrotech International FZE (UAE), and Exel Composites (Finland). These companies offer a wide range of FRP grating products and received approvals for new FRP gratings. For instance, Fibergrate Composite Structure has been certified for FRP installations in federally registered food establishments. The products manufactured by the company include molded grating, Rigidex mGrating, Safe-T-Span pultruded industrial, and pedestrian grating.

Strongwell Corporation (U.S.) is one of the key manufacturers of FRP gratings and offers a wide range of GRP, FRP, and heavy duty FRP gratings. The company has successfully completed projects to install FRP gratings in various industries with the required specifications. Strongwell Corporation (U.S.) focuses on differentiated business models, proprietary technologies, and competitive cost structures to gain a competitive edge. In December 2015, the company installed DURAGRID HD-4000 2.5 grating panels as trench covers in the Utah State University (USU) Electric Vehicle and Roadway (EVR) research facility in Logan, Utah.

Fibrolux GmbH (Germany) is also a major manufacturer of FRP gratings. The company completed the modernization of its Kaliningrad wastewater treatment plant in 2014. Fibrolux replaced the existing dilapidated steel components with FRP during the restorations. The project comprised of manufacturing, supply, and installation of approximately 400 meters of FRP grating walkways, railings, and platforms.

Related Reports:

FRP Grating Market by Resin Type (Polyester, Vinyl Ester, Phenolic), Process (Molded, Pultruded), Application (Stair Treads, Walkways, Platforms), End-use Industry (Industrial, Water Management, Cooling Towers, Marine), and Region – Global Forecast to 2021

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Aerospace & defense application segment of the microporous insulation market is projected to register the highest CAGR- Global Forecast 2023

The microporous insulation market is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a CAGR of 4.7%, during the forecast period. Microporous insulation is a composite material comprising a blend of ceramic powders and fibers, with an average interconnecting pore size comparable to or even less than mean free path of air molecules at standard atmospheric pressure. The microporous insulation material is inorganic in nature, making it non-combustible and suitable for passive fire protection applications. The growing industrialization in Asia Pacific and South America and increasing oil & gas production in countries, such as the US, Saudi Arabia, Iran, and Russia drive the demand for microporous insulation. The requirement for high thermal insulation products in various applications, such as industrial, oil & gas, energy & power also drive the demand for microporous insulation.

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 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.  

Europe is projected to account for the largest share of the microporous insulation market during the forecast period.

Europe is estimated to be the largest microporous insulation market in 2018 and is expected to continue to lead the market till 2023, owing to rising awareness to conserve energy in the region. In addition, presence of stringent regulations regarding the use of insulation materials which comply with Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and European Dangerous Substances Directive Amendment 97/69/EC, drive its demand in the region. Also, the presence of various manufacturers of microporous insulation in the region drives its demand.  

Recent Developments

• In July 2014, Morgan Advanced Materials acquired Porextherm Dämmstoffe GmbH (Germany), one of the leading manufacturers of microporous insulation panels. This helped the company to strengthen its product portfolio of microporous insulation and vacuum insulation panels.
• In May 2014, Industrial Insulation Group, LLC (US), a subsidiary of Johns Manville, launched InsulThin, a high temperature, flexible, hydrophobic, microporous, and fumed silica blanket insulation. The new product launch helped the company to broaden its industrial insulation product portfolio.
• In March 2014, Promat International opened Nippon Microtherm Factory in Tsu City, in Japan. The expansion helped the company to strengthen its high-performance insulation product business.

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Eco-friendly production process of bio-based propylene glycol coupled with growing automotive industry in Asia-Pacific is expected to drive the global propylene glycol market

The global propylene glycol market was valued at USD 3.47 billion in 2016, and is projected to reach USD 4.60 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. This market is segmented on the basis of source, application, end-use industry, and region.

Based on source, bio-based propylene glycol is expected to be the fastest-growing segment during the forecast period. Bio-based propylene glycol is used in various application areas, such as pharmaceuticals & cosmetics, antifreeze & functional fluids, unsaturated polyester resin, and others.  

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By application, the food, pharmaceuticals & cosmetics segment is expected to witness high growth from 2016 to 2021. Increased health consciousness and improving lifestyle of people are fueling the growth of this segment. In addition, consumer’s preference for expensive cosmetic products is driving the growth of food, pharmaceuticals & cosmetics application.  

Transportation is expected to be the fastest-growing end-use industry during the forecast period. The increasing use of propylene glycol in applications such as aircraft wings, automotive coolant, hydraulic & brake fluids and gel coats is driving the market in the transportation segment. Propylene glycol is widely used in the transportation industry due to the growing automotive industry.

The Asia-Pacific region is projected to be the fastest-growing market for propylene glycol from 2016 to 2021. The propylene glycol market in this region is expected to grow at a high rate, owing to rapid economic growth, particularly in the transportation and building & construction industries. Growing opportunities in emerging economies such as China and India and rising demand for bio-based propylene glycol in pharmaceuticals & cosmetics application are creating opportunities for the manufacturers of propylene glycol.

Some of the key players operating in the global propylene glycol market are The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Huntsman Corporation (U.S.), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland) among others. Most of the companies have adopted contracts & agreements and expansions as their development strategies to increase their shares in the global propylene glycol market.

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