Growing demand for natural & organic products are driving the demand for Natural Fragrance Market

The natural fragrance market size is projected to reach USD 4.3 billion by 2024 from USD 2.7 billion in 2019, at a CAGR of 9.6%. Rising growth in the personal care & cosmetic industry and growing demand for natural & organic products are driving the demand for natural fragrance market. High production and R&D costs, as well as compliance with quality and regulatory standards, are restraining the growth of the natural fragrance market. On the other hand, a significant change in the lifestyle of consumers towards natural products over synthetic ones drives the demand for natural fragrances. The players in the natural fragrance market are mainly concentrating on expansions, new product launches, and acquisitions to meet the growing demand in various applications. New product launches help companies strengthen their product portfolio and meet the specific requirements of customers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254324409

The growing use of fine fragrances in applications such as perfumes, colognes, and deodorants have driven its demand, which in turn drives the demand for natural fragrances. Rising sales of these personal care & beauty products are anticipated in further driving the growth of the segment.

Essential Oils are the largest segment of the natural fragrance market. The demand for essential oils is growing because of the health hazards caused due to synthetic ingredients and increasing demand for natural and organic products. Additionally, rising consumer awareness regarding the numerous health benefits of essential oils as topical application and aromatherapy are expected to drive the growth of the market.

Europe is expected to account for the largest market share in natural fragrance, in terms of value. The presence of various natural fragrance players, such as Givaudan SA (Switzerland), Firmenich SA (Switzerland), Symrise AG (Germany), Mane SA (France), Robertet SA (France), CPL Aromas (UK), Iberchem (Spain), and Dauper (Spain)., has a positive impact the market. In addition, growth in fine fragrances, personal care & cosmetics, and household care applications in the region is increasing the demand for natural fragrances.

The key market players profiled in the report include as Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (US), Symrise AG (Germany), Takasago International Corporation (Japan), Mane SA (France), Robertet SA (France), Sensient Technologies Corporation (US), T. Hasegawa Co., Ltd. (Japan), Bell Flavors & Fragrances (US).

Givaudan (Switzerland) is developing its mold release agents business by launching new products, expanding its R&D capabilities, and by acquiring smaller companies. Givaudan acquired Albert Vieille, a French company specialized in natural ingredients used in the fragrance and aromatherapy markets. It will help the company cater to the growing demand of customers for natural fragrances. It also acquired Centroflora’s Nutrition Division (Centroflora Nutra) (Brazil), a manufacturer of botanical extracts and dehydrated fruits for the food, beverage, and consumer goods sectors. The acquisition will help the company strengthen its global offering of natural extract and increase its presence in Brazil.

International Flavors & Fragrances (US) focused on expansion and acquisition strategy, as the company for the growth of natural fragrance business. The company had acquired Frutarom, which is one of the largest manufacturers of flavors & fragrances. This acquisition will strengthen the company’s product portfolio, and also will help the company to expand its customer base globally.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=254324409

Consumer interest in sustainably produced ingredients in cosmetic and personal care products driving the Cosmetic Pigments Market

The market size of cosmetic pigments is estimated at USD 698 million in 2019 and projected to reach USD 1,019 million by 2024, growing at a CAGR of 7.9%. The global cosmetic pigments market is driven by the growing demand from color cosmetic and personal care applications. Increased need for product differentiation and growing awareness about the improved appearance of products are boosting the market.

Several harmful chemicals are still being used as ingredients in makeup products. These chemicals may have an adverse effect on human health and can increase the risks of health hazard when several makeup products are used together. A combination of increased public interest and market trends in the cosmetics industry has led the cosmetics manufacturers to seek more natural and sustainable cosmetic emulsifiers. The demand for organic pigments, which are environment-friendly and are manufactured using sustainable technologies, is increasing rapidly. Manufacturing companies are investing to venture into the green market and are following sustainable technologies. The growing demand for cosmetic pigments that are manufactured using natural ingredients and organically produced from renewable raw materials is proving an opportunity for the cosmetic pigments market players.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=179525453

Facial Makeup is the fastest-growing application of cosmetic pigments.

Cosmetics products were traditionally made of chemical compounds; however, recently, there has been a significant demand for cosmetic products derived from natural sources. The application of cosmetic pigments includes nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose, and others (toothpaste, hair shampoo & conditioner, and sunless tabbing products). Facial makeup accounts for the largest application of cosmetic pigments market. The increasing demand for root makeup products such as foundations and face powders is expected to drive the market in this application segment.

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

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

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179525453

The growing number of commercial construction projects are expected to drive the modular chillers market

The modular chillers market size is estimated to be USD 2.6 billion in 2019 and projected to reach USD 3.5 billion by 2024, at a CAGR of 6.0%, between 2019 and 2024. Modular chillers is mainly used in the commercial, industrial, and residential applications for air conditioning, space cooling, and process cooling. They are energy efficient, compact, and easy to maintain as compared to their substitutes. The growing number of commercial construction projects are also expected to drive the modular chillers market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75609903

The water-cooled segment accounted for the larger share in the modular chillers market

The water-cooled modular chillers segment dominated the modular chillers market, with a share of more than 70.0% in 2018. The water-cooled modular chillers use water and heat transfer fluids for cooling, making them very efficient compared to the air-cooled modular chillers, which utilize only ambient air for cooling. This has increased its demand in space and process cooling in the commercial and industrial applications.

Commercial to be the fastest-growing application segment of the modular chillers market

The demand for modular chillers has been gaining momentum in the HVAC industry as it is lighter, efficient, and lowers the required refrigerant volume as compared to other heat exchangers. Modular chillers are widely used in AC systems and heat pumps for efficient heat transfer between refrigerant and air. In the recent years, owing to the growing demand for lightweight systems and rising copper prices, the demand for modular chillers has increased in various HVAC applications. Moreover, because of compact design, lightweight, and lower hold-up volume, modular chillers are used in the residential and commercial cooling applications.

APAC is projected to be the fastest-growing modular chillers market

APAC is projected to be the fastest-growing market for modular chillers, owing to the presence of highly-populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the modular chillers market in this region. In 2018, China accounted for the largest share of the APAC market, owing to the presence of huge HVAC industries. The growing sales of HVAC systems and their increasing demand from commercial and residential infrastructure in the region boosts the demand for modular chillers. In addition, growing urbanization and population are mainly driving the demand for modular chillers in the HVAC systems.

Carrier Corporation (US), McQuay Air-Conditioning (Hong Kong), Johnson Controls- Hitachi Air Conditioning (Japan), Midea Group (China), Ingersoll Rand (Ireland), Gree Electric Appliances (China), Frigel Firenze (Italy), Mitsubishi Electric Corporation (Japan), Multistack (US), and Haier Group (China) are a few active players in the modular chillers market.

Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=75609903

The eco-friendly production process of bio-based propylene glycol has led to the growth of the propylene glycol market

The propylene glycol market size is projected to reach USD 4.7 billion by 2024 from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing demand for propylene glycol in countries such as China, India, Japan, and South Korea from the transportation, building & construction, food & beverage, pharmaceuticals, and cosmetics & personal care industries is expected to fuel the growth of the market. The market is evolving, with major players playing a crucial role in the development of new and advanced products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264488864

On basis of source, the global propylene glycol market is segmented into petroleum-based and bio-based propylene glycol. Petroleum-based propylene glycol is expected to lead the global market during the forecast period,  due to its growing use in the transportation and building & construction industries.

Unsaturated polyester resin to be the largest application segment

Unsaturated polyester resin is expected to dominate the global propylene glycol market during the forecast period, followed by antifreeze & functional fluids and pharmaceuticals. The growing building & construction industry, coupled with increasing investments in emerging economies for infrastructural development, is fostering the growth of the propylene glycol market in the unsaturated polyester resin application.

“Transportation to be the largest end-use industry"

On the basis of end-use industry, the global propylene glycol market is segmented into transportation, building & construction, food & beverage, pharmaceuticals, cosmetics & personal care, and others. Transportation is the fastest-growing end-use industry due to the growing automobile sales. The increase in the use of propylene glycols in applications, such as aircraft deicing fluid, automotive coolants, and hydraulic & brake fluids, is also driving the propylene glycol market.

APAC to account for the largest share of the global propylene glycol market

APAC is expected to account for the largest market share in the global propylene glycol market during the forecast period, in terms of both volume and value. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and South Korea, is projected to make this region an ideal destination for the propylene glycol industry.

Request for Sample Request: https://www.marketsandmarkets.com/requestsampleNew.asp?id=264488864

Conformal Coating Market worth $1,265 million by 2025, at CAGR of 5.3%

The Conformal coatings market is estimated to be USD 977 million in 2020 and is expected to reach USD 1,265 million by 2025 at CAGR of 5.3%. Conformal coatings are a type of protective coatings of 25-75µm thickness which are applied to printed circuit boards (PCBs) and other electronic components to protect them from harsh environments such as dust, solvents, moisture, humidity, and high temperature. Conformal coatings increase the operational performance of PCBs assemblies by maintaining long-term surface insulation.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216347388

“Automotive is the largest end-use segment in the overall conformal coatings market.”

The automotive industry has grown at a fast pace in the last decade, which led to the rapid evolution and increased consumption of electronics used in the vehicles. Currently, an average mid-range vehicle is loaded with technological features such as lane sensors, adaptive cruise control, in-car entertainment, and navigation. Also, the emergence of electric vehicle (EV), connected cars, and autonomous vehicles have resulted in a rapid surge in the advancement of electronics installed in these vehicles. From the industry point of view, the challenge is to protect these huge volumes PCBs and ICs used in the electronics system over a long period while meeting the specifications required by the automotive industry. This creates an attractive opportunity for conformal coatings manufacturers in the automotive and transportation industry. It is also the go-to-market for PCB manufacturers.

“Silicone conformal coating is the fastest-growing type for conformal coating.”

Various industries require coatings for high-temperature applications. Silicone conformal coatings are widely used for such applications, as they have the ability to withstand severe temperature conditions for an extended period. These coatings are widely used in under-the-hood automotive components. They can also be used in PCBs to protect them from damage and provide electrical insulation in hot and cold environments. Silicone coatings also protect electronic equipment from the extremely high as well as low temperatures. Silicone-based conformal coatings are manufactured as single-component compounds and also provides excellent humidity, corrosion and chemical resistance. However, these coatings are not abrasion resistant because of its rubbery nature, but this makes it resilient against vibrational stresses.

APAC is the largest market of conformal coatings, and this dominance is expected to continue till 2025. China is the key market in the region, consuming more than half of the demand for conformal coatings, followed by Taiwan, South Korea, and Japan. These countries are expected to witness a steady increase in consumption from 2020 to 2025. The region contributes close to 90% of PCB production in the world, and market is mainly driven by the presence of a large number of leading global electronics companies. PCB industry is quite fragmented as there are more than 100 companies that constitute close to 90% of overall PCB revenues and most of them belong to APAC, more so in China & Taiwan. Recent years have seen a lot of PCB manufacturing shifts to APAC due to cost-effectiveness and closer access to customers in the region, hence the increase in consumption of conformal coatings.

The key companies in the conformal coatings are Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemical (Canada) and Specialty Coating System (US).

Request For Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=216347388

The construction industry has the largest market share in the global phenolic panel

 

Phenolic panels are used in the interior, exterior, furniture, and various other applications of end-use industries, such as construction, marine, aerospace & defense, and transportation, to name a few. The main purpose of these phenolic panels is to offer fire-resistance and moisture-resistance properties. For instance, phenolic panels are used in the exterior cladding, partitions, cubicles, and other applications to prevent fire accidents. The global phenolic panel market size was USD 1.7 billion in 2020 and is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22703551

Phenolic panels used in the hot bond process comprises the major share of the market

The hot bond segment dominated the market in terms of value in 2019. Adhesives used in the hot bond process offers a strong, long-lasting repair with minimal risk of tearing, snagging, and other wear to the belt. They are mostly polyurethane-based and have a high demand for rubber conveyor belt repairing in the mining & quarrying industry.

Interior is the largest application of phenolic panel

Amongst all applications, the interior is the largest application of phenolic panel. Phenolic panels are used extensively for aircraft interior, railway interior, decorative interior in construction, partitions, and cubicles in various end-use industries. Superior fire-resistance and chemical resistance offered by the phenolic panel is responsible for the high consumption in an interior application.

Europe is the largest phenolic panel market globally.

The phenolic panel market is segmented based on region into Europe, North America, APAC, MEA, and South America. Europe is the major consumer of phenolic panels owing to the high demand from the UK, Germany, and other European countries. The UK is the leading market in the region. Major applications of phenolic panels in the European market include building interior, aircraft interior, exterior cladding, furniture, and air conditioning duct panels, among others. The growth of the market is also attributed to the presence of established manufacturers and technological advancement related to the development of phenolic panel products.

The key players in the market include Kingspan Group (Ireland), Wilsonart LLC(US), Asahi Kasei Corporation (Japan), Fiberesin Industries Inc. (US), Broadview Holding B.V. (Netherlands), Fundermax GmbH (Austria), Bobrick Washroom Equipment, Inc. (US), Werzalit of America, Inc. (US), ASI Group (US), and General Partitions Mfg. Corp. (US).These companies are adopting various inorganic and organic strategies to increase their foothold in the phenolic panel market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=22703551

Polymer Modified Cementitious Coatings Market worth $1.5 billion by 2025, at a CAGR of 6.5%

The polymer modified cementitious coatings market in 2020 is estimated at USD 1.1 billion and is projected to reach USD 1.5 billion by 2025, at a CAGR of 6.5% from 2020 to 2025. The growth of this market can be attributed to the increasing demand for polymer modified cementitious coatings from the residential buildings sector. In addition, government initiatives to support infrastructural developments in the Asia Pacific region are anticipated to drive the growth of the polymer modified cementitious coatings market. Furthermore, outbreak of COVID-19 pandemic is anticipated to hamper the consumption of polymer modified cementitious coatings which affects the market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251464560

Flexible segment is projected to grow at the highest CAGR of the polymer modified cementitious coatings market

The flexible segment is estimated to lead the polymer modified cementitious coatings market in 2020. The growth can be attributed to superior waterproofing performance, excellent durability compared to non-flexible coatings, Flexible cementitious coating material has denser structure, better waterproofing performance, and excellent durability compared to non-flexible or rigid cementitious coatings. Flexible cementitious coatings are applied to objects which are subject to shrinkage, vibration, movement, stress, and crack formation and to substrates which are difficult to stick to, such as wood, steel, aerated lightweight blocks, and gypsum.

Acrylic polymers segment accounts for the largest share of the polymer modified cementitious coatings market

The acrylic polymers segment is estimated to lead the polymer modified cementitious coatings market in 2020, due to the rising demand due to increasing use of acrylic-based polymer modified cementitious coatings in residential buildings applications. Further, acrylic-based polymer modified cementitious coatings are low in alkali content, fast-setting, and high strength properties. These are also used for patching small cracks, holes, honeycombs, and surface defects over half-inch in depth. They are used in waterproofing floors, columns, beams, slabs, loading docks, and precast walls. They are also used for the protection of concrete structures from vapor, chloride ions, acidic gas, and alkali attacks.

Asia Pacific is expected to witness the fastest growth in the polymer modified cementitious coatings market during the forecast period

The polymer modified cementitious coatings market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific polymer modified cementitious coatings market in 2019. The Asia Pacific region is an emerging and lucrative market for polymer modified cementitious coatings, owing to industrial development and improving economic conditions. This region constitutes approximately 60% of the world’s population, and thus leads to the wide-scale use of polymer modified cementitious coatings for waterproofing applications in residential and non-residential buildings, and public infrastructure. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a decrease in the consumption of polymer modified cementitoi.

Major companies such as Arkema S.A. (France), Sika AG (Switzerland), Akzo Nobel N.V. (Netherlands), MAPEI S.p.A. (Italy), Compagnie de Saint-Gobain S.A. (France), and Fosroc International Limited (UAE) , Dow, Inc. (US) and H.B. Fuller Company (US) The Lubrizol Corporation (US), Organik Kimya Sanayi Ve Ticaret A.S. (Turkey), Pidilite Industries Limited (India), GCP Applied Technologies Inc. (US), Berger Paints India Limited (India), W. R. Meadows, Inc. (US), Evercrete Corporation (US), Indulor Chemie GmbH (Germany), The Euclid Chemical Company (US) and others are key players in the polymer modified cementitious coatings market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=251464560