Acrylics and epoxy, the largest types of conformal coatings

Conformal coatings are available in various types such as, acrylics, epoxy, urethane, silicone, parylene, and others. The acrylics segment accounted for the largest market share, in terms of volume as well as value, followed by epoxy. Acrylic conformal coatings accounted for the largest share due to their inexpensive nature and easy-to-apply properties. The rising demand of environmental friendly or volatile organic compounds (VOCs)-free conformal coatings in countries such as Germany and France is expected to drive this market. New products such as Certonal FC-742 and Never Wet are gaining attention, which are likely to enhance the utilization and application areas of conformal coatings.

The market is driven by increasing demand for conformal coatings in emerging markets and high demand from the electronics, aerospace & defense, automotive & transportation, industrial, and marine industries. Asia-Pacific is projected to witness s strong growth in the future. Growth in this region can be attributed to high demand from emerging markets such as China and India.

Conformal coatings find applications in the following industries: automotive & transportation, manufacturing Industries, aerospace & defense, electronics, and marine industry. The electronics industry is estimated to be the largest end-use industry of conformal coatings. The growing electronic industry and the need for conformal coatings on PCBs for better performance in vulnerable environments have been the key drivers for the dominance of the electronic industry in the conformal coating market.

The global conformal coatings market is estimated to reach USD 12.28 Billion by 2021, registering a CAGR of 4.7%. The market is driven by increasing demand for conformal coatings in emerging markets and high demand from printed circuit boards in electronics and automotive & transportation industries. Conformal coatings have unique properties, such as high resistance to dust, moisture, salts, corrosion, high temperature, and humidity and they increase the reliability of electronic equipment by 3 to 5 years.

The report “Conformal Coatings Market by Type (Acrylics, Epoxy, Urethane, Silicone, Parylene, and Others), by End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Industrial, Marine, and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Global Trends & Forecasts to 2021“.

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Polymer Processing Aid Market by Polymer Type (Polyethylene (LLDPE, LDPE, HDPE), Polypropylene)- Global Forecast to 2021

The global polymer processing aid market is projected to grow from USD 1.71 Billion in 2016 to USD 2.21 Billion by 2021, at a CAGR of 5.2% between 2016 and 2021. Increasing applicability of plastics in varied end-use industries such as automotive, building & construction, consumer goods, and packaging is propelling the growth of the global polymer processing aid market.

Polypropylene to register the highest CAGR in the global polymer processing aid market

The global polymer processing aid market has been segmented on the basis of polymer type into polyethylene (LLDPE, LDPE, HDPE, and others), polypropylene, and others. The polypropylene segment of the global polymer processing aid market is expected to grow at the highest CAGR, in terms of value.

This growth is mainly attributed to the rising demand for lightweight vehicles and increasing usage of polypropylene in the automotive sector. Moreover, expansion of the auomotive industry in the Asia-Pacific region is further driving the demand for polypropylene. Polypropylene carrier resins are used in the production of additive masterbatch, owing to their high melting point, water resistance, low electrical conductivity, good chemical & fatigue resistance, good hinge property, and flexibility.

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The Asia-Pacific polymer processing aid market is expected to grow at the highest CAGR during the forecast period, in terms of value. Increasing demand for plastics from varied end-use industries in the Asia-Pacific region is driving the growth of the polymer processing aid market.

Key players operating in the global polymer processing aid market include 3M Company (U.S.), A. Schulman, Inc. (U.S.), Arkema S.A. (France), Clariant AG (Switzerland), Daikin America, Inc. (Japan), Fine Organics (India), Micro Epsilon (Lebanon), PolyOne Corporation (U.S.), Tosaf Group (Israel), and Wells Plastics Ltd. (U.K.), among others.

Expansions Was the Key Growth Strategy Adopted by Industry Players in the Global Roofing Chemicals Market

The global roofing chemicals market is projected to reach USD 106.83 Billion by 2026, at a CAGR of 7.3% from 2016 to 2026. The growing demand from major application industries such as building & construction, and other industrial applications in emerging economies, is driving the global roofing chemicals market.

Expansions were the key growth strategy adopted by industry players in the global roofing chemicals market. This strategy accounted for a share of 37%, between 2011 and 2016, of all the growth strategies adopted by market players. Besides expansions, companies are investing in new product developments to expand their roofing chemicals portfolios across the world. The new product development strategy accounted for a 33% share of all the development strategies between 2011 and 2016. Companies are also focusing on the mergers & acquisitions strategy which accounted for a 24% share between 2011 and 2016. The Asia-Pacific region was the most active region from 2011 to 2016, in terms of strategic initiatives, and expansions was one of the preferred strategies.

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Major manufacturers such as BASF SE (Germany), The Dow Chemical Company (U.S), Saint-Gobain S.A. (France), 3M Company (U.S), Akzo Nobel N.V (The Netherlands), Sika AG (Switzerland), Owens Corning (U.S), Carlisle Companies Incorporated (U.S), Johns Manville (U.S), GAF Materials Corporation (U.S) and Firestone Building Products (U.S) are profiled in this report. These companies have adopted both, organic and inorganic growth strategies.

BASF SE (Germany), The Dow Chemical Company (U.S), Saint-Gobain S.A. (France), 3M Company (U.S), and Akzo Nobel N.V (The Netherlands) are among the most active players in the global roofing chemicals market.

The Dow Chemical Company (U.S) is the most active player in the roofing chemicals market. It accounted for the largest share of all the developmental activities undertaken in the roofing chemicals market. As a part of its strategy, the company focuses on expanding its roofing chemicals business by investing in new product development activities, mergers & acquisitions, and expansions. In December 2015, The Dow Chemical Company (U.S.) and DuPont (U.S.) announced a merger with a definitive agreement under which the companies combined in an all-stock merger of equals. The combined company was named DowDuPont. In October 2014, Dow‘s Construction Chemicals, a subsidiary of The Dow Chemical Company, launched a new technology, which meets the growing demand for energy-efficient cool reflective roof coatings or cool roofs in the Middle East.

Another company that has established a strong foothold in the global roofing chemicals market is Sika AG (Switzerland). The company is focused on both, organic and inorganic growth strategies. Sika expanded its R&D activities by opening a state-of-the-art research facility in Preston in Northwest England. The company has continued to invest in the roofing chemicals business with the aim of the development of technologically advanced and environmentally friendly roofing membranes. Further, in February 2014, the company acquired Lwart Química Ltd. (Brazil), a leading manufacturer of waterproofing systems in Brazil. This acquisition has strengthened Sika Group’s position in the Brazilian construction chemicals market.

Related Reports:

Roofing Chemicals Market by Type (Acrylic Resin, Asphalt/Bituminous, Elastomer, Epoxy Resin, and Styrene), Application (Membrane, Elastomeric, Bituminous, Metal, and Plastic Roofing Materials) – Global Forecast to 2026

Arkema SA (France), The DOW Chemical Company (U.S), Galata Chemicals (U.S), CHS Inc., and Inbra Indústrias Químicas, Ltda.(Brazil) are Among the Most Active Players in the Global Epoxidized Soybean Oil Market

The global market for epoxidized soybean oil is projected to reach USD 691.7 Million by 2026, at a CAGR of 11.04% from 2016 to 2026. The growing demand for epoxidized soybean oil from major application industries such as PVC & PVA plasticizers, UV cure applications, and other industrial applications in emerging economies are driving

New product developments were the key strategy adopted by industry players to boost their growth in the global epoxidized soybean oil market. This strategy accounted for a share of 50%, between 2010 and 2016, of all the growth strategies adopted by market players to expand their product portfolios. Besides new product developments, companies are investing in new joint ventures & partnerships across the world. The joint ventures & partnerships strategy accounted for a 30% share of all the development strategies between 2010 and 2016. Companies also focused on acquisitions & mergers and expansions strategies between 2010 and 2016, which accounted for a 10% share for each of the strategic developments. The Asia-Pacific region was the most active region from 2010 to 2016, in terms of strategic initiatives. New product developments were one of the preferred strategies in this region. Companies such as Galata Chemicals made various new product developments and acquisitions to increase their production capacity in epoxidized soybean oil.

To know about the assumptions considered for the study, download the pdf brochure

Major manufacturers such as, Arkema SA (France), The DOW Chemical Company (U.S), Galata Chemicals (U.S), CHS Inc. (U.S), Ferro Corporation (U.S), The Chemical Company (U.S), Harima Chemicals (GZ) Ltd.(China), Shandong Longkou Longda Chemical Industry Co., Ltd. (China), Guangzhou Xinjinlong Chemical Additives Co. Ltd. (China), Inbra Indústrias Químicas, Ltda. (Brazil), Maxwell Plasticizers Pvt. Ltd. (India), and Shenzen Kaiqi Chemical Co., Ltd.(China) are profiled in the report. These companies have adopted both, organic and inorganic growth strategies.

Arkema SA (France), The DOW Chemical Company (U.S), Galata Chemicals (U.S), CHS Inc., and Inbra Indústrias Químicas, Ltda. (Brazil) are among the most active players in the global epoxidized soybean oil market.

Galata Chemicals (U.S) is the most active player in the epoxidized soybean oil market. It accounted for the largest share of all the developmental activities undertaken in the epoxidized soybean oil market. As part of its strategy, the company focuses on expanding its epoxidized soybean oil business by investing in new product development activities, mergers & acquisitions, and joint ventures & partnerships. In April 2012, Galata Chemicals (U.S.) launched DRAPEX Alpha, a natural oil-based primary plasticizer technology to replace the conventional petroleum-based plasticizers with similar cost performance features. This product was launched to fulfill growing consumer demands for sustainable products and phthalate alternatives while enhancing process-ability and improving extraction resistance.

 In April 2014, Artek Surfin Chemicals Ltd. (India) acquired 100% ownership by acquiring the Aterian Investment Partners (New York) shares of Galata Chemicals (U.S.), thus making Artek Surfin the immediate parent and controller of Galata Chemicals epoxidized soybean oil and other product manufacturing processes.

Another company that has established a strong foothold in the global epoxidized soybean oil market is Arkema SA (France). The company is focused on providing sustainable industrial solutions which benefit the environment. In May 2015, Arkema SA launched Vikoflex epoxidized soybean oil, a substitute for phthalate plasticizers for manufacturing PVC plastic materials. This is helping in building the core competitiveness of the company.

Related Reports: Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives) – Global Forecast to 2026

Methyl Tertiary Butyl Ether Market by Manufacturing Process, (Steam Cracker, Fluid Liquid Cracker)- Global Forecast to 2022

The Methyl Tertiary Butyl Ether (MTBE) market is projected to reach USD 18.99 Billion by 2022 from an estimated USD 14.99 Billion in 2017, at a CAGR of 4.8% from 2017 to 2022. Major factors fueling the growth of the MTBE market are the growing demand from the gasoline application, increasing demand for the MTBE oxygenate from the APAC region, and stringent environmental regulations in the emerging economies.

The global methyl tertiary butyl ether market is segmented on the basis of the manufacturing process, application, and region. Based on the manufacturing process, the MTBE market has been further segmented into a steam cracker, fluid liquid cracker, and others. Others include dehydrogenation and dehydration. Fluid liquid cracker and steam cracker are the most commonly used manufacturing processes as these are refinery based processes and are much simpler than the other two processes, which are dehydration and dehydrogenation.

Scope of the Report:

This research report categorizes the methyl tertiary butyl ether market based on the manufacturing process, application, and region, and forecasts revenue growth and analysis of trends in each of the submarkets.

By Manufacturing Process:

• Steam Cracker
• Fluid Liquid Cracker
• Others

By Application:

• Gasoline
• Others

By Region

• North America
• Europe
• APAC
• Middle East & Africa (ME&A)
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of the North America methyl tertiary butyl ether market
• Further breakdown of the Europe MTBE market
• Further breakdown of the APAC methyl tertiary butyl ether market
•  Further breakdown of the Middle East & Africa MTBE market
• Further breakdown of the Latin America methyl tertiary butyl ether market

Company Information

• Detailed analysis and profiles of additional market players

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In terms of volume, the APAC region MTBE market is projected to grow at the highest CAGR between 2017 and 2022, due to the increased demand for gasoline in the region. This is a result of rapid economic expansion and an increase in foreign direct investment in countries, such as China and South Korea, the MTBE market is expected to grow significantly during the next five years. Most of the countries in the APAC region are emerging and cannot afford costly oxygenates, such as Ethanol and ETBE, due to which there are no restrictions on blending MTBE with gasoline in the region. Some of the world’s largest MTBE producers, such as Sinopec (China), China National Petroleum Corporation (China), and Petronas (Malaysia) are headquartered in the APAC region. China is the largest consumer of MTBE and also has the highest production capacity in the world.

Growth of the Digital Textile Printing Inks Market by 2023

Digital printing involves printing from a digital image directly onto a media/substrate. It requires less turnaround time and allows mass customization and on-demand printing. Digital printing inks consist of a pigment suspended in a carrier liquid, which can be water or a solvent. These links are used in a variety of applications, such as advertising, ceramic printing, textile printing, label printing, and others. Presently, digital inks are most widely used in the advertising & promotion application. Direct-to-fabric and transfer paper technologies using water-based digital inks are the upcoming technologies that have led to the increased applicability of digital inks in textile printing. The ceramics tiles industry is using digital inks for the production of custom printed ceramic tiles.

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The digital inks market is estimated to be USD 2.71 billion in 2018 and is projected to reach USD 4.17 billion by 2023, at a CAGR of 9.1% from 2018 to 2023. The increasing adoption of digital printing by the ceramic tiles industry is projected to drive the digital inks market. Packaging printing is the fastest-growing application of digital inks. Digital inks have low penetration as compared to analogous inks. However, penetration is growing rapidly, especially in the label printing application.

Based on formulation, the UV-cured segment of the digital inks market is projected to grow at the highest CAGR during the forecast period. In UV-cured digital inks, there is no carrier liquid, as these inks cure the substrate unlike solvent-based or water-based inks. This makes UV-cured digital inks to dry quickly. These inks have photoinitiators, which produce free radicals when exposed to the UV light that helps in the curing process.  

Based on the substrate, the textile segment of the digital inks market is projected to grow at the highest CAGR during the forecast period. Digital textile printing is the process of applying colored patterns and designs onto fabric using sublimation digital printing and direct digital printing technologies. Substrates used for digital textile printing include polyester, polyamide, wool, silk, and cellulose.

The packaging segment is estimated to be the fastest-growing application segment of the digital inks market. As compared to conventional printing methods, digital printing has reduced the time and cost of printing in packaging applications. Digital printing offers high quality, increased efficiency, and a better-finished output.

The Asia Pacific digital inks market is projected to grow at the highest CAGR during the forecast period. Steady economic growth and an increase in the disposable income of consumers have led to a rise in the demand for digital inks from the advertising & promotion and ceramic tiles printing applications in the Asia Pacific region.

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The expansions & acquisitions strategy was adopted by leading players to strengthen their positions in the Aroma Ingredients Market

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 expansions, acquisitions, new product launches, and agreements strategies were adopted by key players to strengthen their positions in the aroma ingredients market.

The key players operating 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).

Givaudan is a leading manufacturer of aroma ingredients across the globe. The company produces various fragrance ingredients mainly used in fine fragrance and beauty care applications. In December 2017, the company opened a new delivery center in Kuala Lumpur, Malaysia. The new center is expected to help the company cater to the growing demand for flavors and fragrances in the APAC region. Moreover, Givaudan in October 2017, opened a new fragrance creative center in Mexico City, Mexico. The new center is expected to help the company support business growth in the North American region.

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Firmenich SA is another leading manufacturer of aroma ingredients. The company operates in Americas, APAC, Europe, and Africa. The company has adopted the expansions, acquisitions, and new product launches growth strategies. In September 2017, the company opened a new facility in Barcelona, Spain, which features high-tech laboratories for perfumes and flavors. The expansion has helped the company strengthen its footprints in Spain. In July 2017, the company acquired Agilex Fragrances (US), a fragrance manufacturing company. The acquisition helped the company strengthen its market position in North America.

IFF (International Flavors & Fragrances Inc.) primarily produces and distributes flavors & fragrances for products, such as fine fragrances, cosmetics, detergents, household goods, food, and beverages. IFF focuses on its core business line of flavors and fragrances, and expanding its business through expansions, acquisitions, and new product launches. In October 2017, the company opened a fragrance ingredients plant in China. The expansion helped the company strengthen its presence in the country.

Additionally, in July 2015, the company launched Amber Xtreme, a fragrance ingredient for consumer products, such as fine fragrances, beauty care, fabric care, and household cleaners. The new product launch has helped the company strengthen its fragrance product portfolio.

Related Reports:

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