TIGG LLC (US) and Puragen Activated Carbons (US) are leading players in Activated Carbon Filters Market

The global activated carbon filters market size is estimated at USD 267 Million in 2020 and is projected to reach USD 330 Million by 2025, at a CAGR of 4.4%, between 2020 and 2025. Activated carbon filters are used to remove organic compounds, and free chlorine from water to make it suitable for drinking and reuse in manufacturing processes or to discharge in water bodies. They are used to remove organic elements, such as humic acid and fulvic acid from potable water to prevent the formation of trihalomethanes, a class of carcinogens. They are also used for air/gas filtration in various industries. The filter media, which is used in the filtration process is activated carbon, also known as activated charcoal. Activated carbon is a form of carbon that removes organic compounds from liquids and gases by a process known as “adsorption”. It is extremely porous and thus has a very large surface area available for adsorption.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

The key players in the activated carbon filters market are TIGG LLC (US), Puragen Activated Carbons (US), Cabot corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Gmbh (Germany), General Carbon Corporation (US), Sereco SR.L. (Italy), Carbtrol Corp (US). The activated carbon filters market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2019, which include expansions, new product developments, and collaborations.

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TIGG LLC (US) is one of the leading players in the activated carbon filters market and a subsidiary of Newterra Ltd. The company offers a wide range of standard and custom made granular activated carbon adsorption and filtration systems. It provides filtration equipment for liquid and vapor treatment solutions for industrial manufacturing, municipal water treatment, air filtration, water filtration, environmental remediation application, and activated carbon & media exchange services. It is fully certified with ASME code shop and has both National R and ASME U stamp certifications.

Puragen Activated Carbons (US) is one of the major players in the activated carbon filters market. The company provides activated carbon filters under the brand name OxGuard. Its high-grade carbon steel filtration vessel, meets material standards of FDA (Food & Drug Authority), EPA (Environmental Protection Agency), and AWWA (American Water Works Association). The company provides activated carbon filtration equipment to a wide variety of markets and applications, such as water filtration, air filtration, chemical manufacturing, decolorization and impurity removal in food & beverage, and pharmaceutical industries.

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COVID-19 impact on Global High Performance Fluoropolymers Market

The high performance fluoropolymer (HPF) market is projected to grow from USD 3.1 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 7.0%. The growth of the high performance fluoropolymer industry can be attributed to its high demand from various end-use industry and growing demand from renewables.

The high performance fluoropolymers are used mainly in the industrial processing. COVID-19 has severely impacted this industry

HPFs are used in end-use industries such as transportation, electrical & electronics, medical, food processing, chemical processing, oil & gas, power plants, and building & construction. They are used in the industrial processing, where high thermal and chemical resistance is essential to conduct the operation. Due to the ongoing pandemic, industrial production has been severely affected throughout the world. Workforce shortage, logistical restrictions, material unavailability, and other restrictions have drastically slowed the growth of the industry.

COVID-19 has led the industrial and manufacturing sectors into an unknown operating environment globally. Government restrictions on the number of people that can gather at one place have severely impacted the sector. For example, the component manufacturing sector is heavily hit by the impact of the virus. The production and factory operations in the automotive, electronics, and aerospace are on halt. Most of the industries are dependent on China for raw material supply. Hence, supply chain disruptions also have a major impact on industrial output. The global economy is contracting due to the pandemic.

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APAC is projected to be the fastest-growing HPF market

APAC is expected to be the fastest-growing market for HPF, owing to the presence of large manufacturing and highly populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the HPF market in this region. In 2019, China accounted for the largest share of the APAC market, owing to the presence of huge chemical, automotive, medical, and electronics industries. The growing production of automobiles, consumer household, medical disposables, and their increasing demand across the region boosts the demand for HPF. Growth in the manufacturing of automobiles and electronics hardware across the region is expected to grow further with changing demographics. Owing to which APAC is projected to be the fastest-growing HPF market.

The recent COVID-19 pandemic is expected to impact the global manufacturing sector. COVID-19 led the manufacturing sector into an unknown operating environment, globally. Government restrictions on the number of people that can gather at one particular place, severely impacted the industrial output. HPFs are used in end-use industries such as transportation, electrical & electronics, medical, food processing, chemical processing, oil & gas, power plants, and building & construction. They are used in the industrial processing, where high thermal and chemical resistance is essential to conduct the operation. Due to the ongoing pandemic, industrial production has been severely affected throughout the world. Workforce shortage, logistical restrictions, material unavailability, and other restrictions have drastically slowed the growth of the industry.

Most active players in the HPF market:

The Chemours Company (US), Daikin Industries (Japan), 3M (US), Solvay (Belgium), AGC (Japan), The Dongyue Group (China), GFL Ltd. (India), Halopolymer OJSC (Russia), and Hubei Everflon polymer (China) are a few active players in the HPF market.

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Plastics gaining preference over conventional materials

 

Antioxidants are used in a wide range of polymers such as PE, PP, and PVC. These plastics are used in industries such as packaging, building & construction, and automotive. Plastics have superior mechanical and electrical properties, enhanced abrasion resistance, and superior chemical resistance than conventional materials such as metals, glass, paper, and ceramic. Continuous innovation and the need for more lightweight materials in several industries have led to the replacement of metals, glass, paper, and ceramic with plastics in packaging, building & construction, and automotive industries. This is expected to drive the market for plastic antioxidants.

In the automotive industry, particularly in automobile designing, plastics have contributed to several innovations in safety, fuel efficiency, and performance. For instance, airbags made from high-strength polymer fabric can reduce the risk of fatal injury in a direct, frontal car crash. Other advancements include child safety seats, roof linings, steering wheel, dashboard, fenders, as well as fuel system, headlamp covers, and other exterior parts that are directly exposed to heat and light.

The plastic antioxidants market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market. The major restraint for the market will be adverse effect on health from synthetic plastics antioxidants. However, the untapped demand in the agricultural sector of developing countries will act as an opportunity for the market.

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Phenolic antioxidant is estimated to be the largest type in 2019.

Antioxidants are classified on the basis of their ability to interrupt the overall oxidation process. Chain breaking and preventive mechanisms are the two major antioxidant mechanisms that interfere with polymer oxidation cycles. The two classes of antioxidants identified are chain-breaking or primary antioxidants and preventive or secondary antioxidants. Primary antioxidants react rapidly and are, therefore, referred to as radical scavengers. Phenolic antioxidants are primary antioxidants, which interfere with chain propagation by terminating the free radical. They are used for plastics or polymer systems that are sensitive to thermal and oxidative degradation due to the formation of peroxides and free radicals. Phenolic antioxidants protect plastics or other polymers against degradation and oxidation at high processing temperatures.

The region is characterized by a growing population and economic developments. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the plastic industry. This, in turn, is expected to drive the plastic antioxidants industry in the near future. The increase in employment rate, the rise in disposable income of the people, and an increase in foreign investments in various industries of the economy are some of the other factors that make APAC an attractive market for plastic antioxidants manufacturers.

The key market players profiled in the report include BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), and Dover Chemical Corporation (US).

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Rising female literacy and awareness of menstrual health & hygiene drives the Feminine Hygiene Products Market

Literacy is a fundamental right and a springboard for eradicating poverty and broadening the mindset of society. The relationship between literacy and health has been the focus of much research and policy debates. According to UNESCO, people in the US with low literacy competency were found to be three times more likely to have an adverse health outcome as compared with those having a higher literacy rate. This also holds true in the case of women’s literacy regarding feminine health and hygiene.

Over the last decade, global agencies and organizations such as UNICEF and UNESCO have been active in raising literacy levels of young females in under-developed and developing countries as rising female literacy will have a positive impact on feminine health management. UNICEF also views menstrual health and hygiene as a fundamental right of women and girls and hence has termed it as a key objective in its Sustainable Development Goals (SDGs) for 2030. The rising literacy level among females is expected to have a positive impact on the overall feminine health management and thus is directly linked to the adoption of feminine hygiene products. As a result, rising female literacy is expected to drive the feminine hygiene products market.

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The global feminine hygiene products market size is projected to grow from USD 20.9 billion in 2020 to USD 27.7 billion by 2025, at a CAGR of 5.8% during the forecast period 2020 to 2025. The market growth is driven by the rise in awareness about feminine hygiene management and the increasing disposable income of females.

Asia Pacific accounted for the largest share in the global feminine hygiene products market in 2019

Asia Pacific accounted for the largest share of the feminine hygiene products market in 2019. The countries considered for study in the Asia Pacific feminine hygiene products market include China, India, Japan, Indonesia, Malaysia, and Thailand. Growing disposable income, rapid urbanization, and awareness about menstrual hygiene management are driving the feminine hygiene products market in this region. Recently, the Indian government announced plans to invest USD 160 million in the Suvidha initiative, a scheme to ensure proper access to sanitary napkins in rural areas of the country. The government plans to provide biodegradable sanitary napkins to the masses at the cost of USD0.00014 through this scheme. The government plans to involve high net worth individuals (HNIs) and corporates to assist in distributing sanitary napkins to underprivileged women across the country. These developments will further boost the demand for feminine hygiene products.

Johnson & Johnson (US), Procter & Gamble (US), Kimberly-Clark (US), Essity Aktiebolag (publ) (Sweden), Kao Corporation (Japan), Daio Paper Corporation (Japan), Unicharm Corporation (Japan), Premier FMCG (South Africa), Ontex (Belgium), Hengan International Group Company Ltd. (China), Drylock Technologies (Belgium), Natracare LLC (US), First Quality Enterprises, Inc. (US), Bingbing Paper Co., Ltd. (China), TZMO SA (Poland), Quanzhou Hengxue Women Sanitary Products Co., Ltd. (China), Rael Inc (US), Redcliffe Hygiene Private Limited (India), The Keeper, Inc. (US), STERNE (India), MeLuna (Germany), Diva International Inc. (Canada), Tosama (Slovenia), Premier Care Industries (US), Lambi (Mexico), Hygienic Articles (Mexico), Alyk, Inc. (US), Cotton High Tech – Cohitech (South Africa), and Sirona Hygiene Pvt Ltd. (India), among others are the key players operating in the feminine hygiene products market.

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Growing demand for fire-resistant coatings in renovation projects drives the market

The fire-resistant coatings market was USD 933 million in 2020 and is projected to reach USD 1,106 million by 2025, at a CAGR of 3.5% from 2020. Increasing awareness and emphasis on safety measures and preference for lightweight materials, which require additional protection, are expected to drive the market. The stringent regulations and norms are also supporting market growth, as the newly constructed buildings and manufacturing plants need to meet the required safety and fire resistance standards. Increasing urbanization and the growing building & construction industry are expected to provide growth opportunities in the market during the forecast period. The use of low-cost cementitious coatings in developing countries and in dry environments is expected to support market growth.

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Fire-resistant coatings are not only used in new construction projects but also in the maintenance of old projects and buildings for commercial and residential purposes. Apart from protection against fires, these coatings provide resistance against weather and corrosion. They require less maintenance and also provide extended service life. People are becoming aware of their benefits and are including these coatings in both renovation and new construction projects. As per the European Union, around 35% of the buildings in Europe are over 50 years old, and only 0.4–1.2% of the buildings are renovated each year. With increasing focus on clean energy and building safety, stricter regulations are in effect to renovate older buildings. This factor can potentially increase the demand for fire-resistant coatings across the globe.

The building & construction industry is estimated to have the largest share in the fire-resistant coatings market

The building & construction industry is estimated to account for the largest share of the fire-resistant coatings market in 2019, closely followed by the industrial segment in terms of value. Increasing construction activities, along with a rise in the number of manufacturing facilities in the emerging economies in APAC and MEA, are expected to drive the market demand during the forecast period.

Europe projected to account for the largest share of the fire-resistant coatings market

Europe accounted for the largest share of the global fire-resistant coatings market in 2019. The growth of the fire-resistant coatings market in this region is mainly attributed to stringent government regulations, an industrial initiative for sustainable development, and a strong emphasis on protection against fire. Moreover, the practice of constructing green buildings and adopting green coatings offers many opportunities for the growth of the market in the region. The European market is mainly dominated by the EU-5 countries, especially Germany and the UK.

The leading players in the fire-resistant coatings market include AkzoNobel (Netherlands), PPG (US), Jotun (Norway), Sherwin-Williams (US), and Hempel (Denmark). The key industry players are adopting strategies to expand their presence and enhance their product portfolio through investments in R&D. For example, in 2017, Hempel invested in an R&D center solely for fire-resistant coatings in Spain. This expansion will help the company comply with the ever-changing demand from the construction industry and develop high efficacy products.

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Infrastructure development in emerging economies drives the demand in the microporous insulation market

Infrastructure development is one of the major activities undertaken in any economy. Emerging economies are investing significantly in infrastructure development, owing to modernization and industrialization. Iron & steel is required for the construction of buildings, rails, and metros, among other infrastructures. Microporous insulation is used in back-up lining and furnaces, which, in turn, drives the demand in the microporous insulation market. The emerging economies are not only investing in the domestic infrastructure but are also seeking opportunities for foreign investments. China is the biggest trading partner of Brazil, Argentina, Peru, and Chile, investing in everything ranging from energy to aircraft and infrastructure. Similar agreements have been signed between India and China for the development in sectors including railways, renewable energy, and industrial parks. These factors are expected to drive the demand in the microporous insulation market.

The microporous insulation market size is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a compound annual growth rate (CAGR) of 4.7%, during the forecast period. The major driving factors in the microporous insulation market are high thermal resistance of microporous insulation material and increasing demand from various applications, such as industrial, oil & gas, energy & power, and automotive.

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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.

The microporous insulation market in APAC is projected to register the highest CAGR, in terms of value, between 2018 and 2023. The rising awareness about the benefits of microporous insulation materials and growing industrialization and infrastructure development in the region offer various opportunities regarding the use of microporous insulation. Also, the increase in demand for energy, power, metal, and automotive, is expected to drive the market. The microporous insulation market is significantly driven by the oil & gas segment, where there is a high demand for advanced insulation solutions, having a reduced thickness and low thermal conductivity.

The key players in the microporous insulation market include Promat International N.V. (Belgium), Morgan Advanced Materials plc (UK), Isoleika S. Coop. (Spain), Unicorn Insulations Ltd. (China), Guangzhou Huineng Environmental Protection Materials Co., Ltd. (SILTHERM) (China), Johns Manville (US), Nichias Corporation (Japan), ThermoDyne (US), Unifrax (US), and Elmelin Ltd. (UK).

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The increasing adoption of hot melt adhesive technology is also leading to the growth of Hot Melt Adhesive Tapes Market

The hot melt adhesive tapes market is projected to grow from USD 15.5 billion in 2019 to USD 21.7 billion by 2024, at a CAGR of 7.0%. APAC is the largest consumer of hot melt adhesive tapes. The global hot melt adhesive tapes market is witnessing high growth on account of increasing applications, technological advancements, and growing demand in the APAC region.

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Consumer & DIY is the fastest-growing application of the hot melt adhesive tapes market

Increasing public awareness for DIY is fueling the use of these tapes in different activities, such as gardening, crafting, and small construction & furniture projects. A majority of these tapes are used for different office and household applications. The consumer & DIY applications of hot melt adhesive tapes include temporary repairing of rips on any kind of surface, sealing of leaks and holes, temporary mounting of damaged components of cars and automobiles, jointing of broken components of various tools, sealing, and packaging. Hence, the demand for consumer & DIY applications is high in the hot melt adhesive tapes market.

The demand for hot melt adhesive tapes has increased in other APAC countries, such as South Korea, Singapore, India, and Indonesia, as the application activities in these countries have risen. China has been the driving force for the rapid expansion of the adhesive tapes market, not only in APAC, but also worldwide. In several countries, the factors affecting the packaging, which is a major application of hot melt adhesive tapes, are the increasing level of disposable income and population growth. These factors are positively influencing the hot melt adhesive tapes market growth.

Key players profiled in the hot melt adhesive tapes market report include The 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (US), Scapa Group plc (UK), LINTEC Corporation (Japan), ACHEM Technology Corporation (Taiwan), and TE Connectivity Ltd (Switzerland).

Avery Dennison Corporation (US) is one of the major companies in the global hot melt adhesive tapes market. The company achieved this position after several successful small and big acquisitions and expansion activities. The acquisition of Mactac’s European business, a leading manufacturer of high-quality, pressure-sensitive materials, catering to several high-value segments, including graphics, specialty labels, and industrial tapes, in 2016, was the major acquisition of the company. The acquisition enhanced the company’s competitiveness in the hot melt adhesive tapes market in Europe.

Intertape Polymer Group (Canada), which was founded in 1991, is a leading player in hot melt adhesive tapes market. The company develops, manufactures, and supplies a variety of paper and film-based pressure-sensitive and water-activated tapes, polyolefin films, woven fabrics, and complementary packaging systems for industrial and retail applications. The company offers products for aerospace, automotive, and industrial applications. It has operations in 17 locations, including 12 manufacturing facilities in North America and 1 in Europe. The company, with its products, caters to a number of countries, including Canada, Germany, and the US. After acquiring all the assets of Canadian Technical Tape Ltd., Intertape will be able to improve its distribution channel and add value to its products.

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