Top Market Leader - Refrigeration Oil Market

The refrigeration oil market size is projected to reach USD 1.4 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 4.1%. Growing demand for frozen food and in the pharmaceutical industry is expected to support the growth of the refrigeration oil market. However, huge investment in R&D and strict rules to limit the use of fluorocarbon refrigerants is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

Eneos Holdings Inc. (Japan), BASF SE (Germany), Idemitsu Kosan Co. Ltd (Japan), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Petroliam Nasional Berhad(Petronas), FUCHS Petrolub SE (Germany), Johnson Controls(Ireland) are the major players in this market.

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

Eneos Holdings Inc. engages in the development, production, and sale of petroleum, natural gas, and metals. The company operates through four business segments, namely, Energy, Metals, Oil, Natural gas E&P, and Others. The company operates its refrigeration oil business in Japan, China, and other among other countries.
On April 1, 2017, JX Group (Japan) and TonenGeneral Sekiyu K.K. Group (Japan) integrated their business and formed JXTG Holdings renamed as Eneos Holdings Inc. in June 2020.

BASF SE is one of the largest chemical producers in the world. It engages in manufacturing and selling a wide range of chemicals and intermediate solutions. The company offers various products including chemicals, additives, plastics, functional solutions, performance products, agricultural solutions, and crude oil. It operates through seven different business segments namely: Chemicals, Industrial solutions, Nutrition & care, Materials, Surface technologies, Agricultural solutions and others. The company has a presence in more than 60 countries of Europe, North America, APAC, South America, and the Middle East & Africa
In October 2020, BASF SE doubled the capacity of synthetic ester-based stocks in Jinshan, China which helps in production of refrigerant oils, lubricants and other oils and helps in boosting capacity of alkoxylate capacity

Idemitsu Kosan Co., Ltd. is a petroleum refining and manufacturing company. The company manufactures and sells petrochemical and oil products. The company operates through its subsidiaries in APAC, Europe, North America, South America, and the Middle East & Africa
In August 2020, Idemitsu Kosan Co. Ltd expanded their operations by constructing a new plant in Huizhou, China to increase supply capacity and establish supply of refrigerant oils and lubricants across China.

Read More: https://www.marketsandmarkets.com/PressReleases/refrigeration-oil.asp

US expected to have the largest market for medical tubing worth $2.9 billion

The US medical tubing market size is projected to reach USD 2.9 billion by 2021, at a CAGR of 13.2%.The increase in demand for medical tubes in ventilators is the key factor driving the use of medical tubing. The rising demand for medical devices that incorporate medical tubing and the growing demand for ventilators in this pandemic are propelling the growth of the medical tubing market globally. However, factors such as restricting counterfeit products and fighting time for supply chain and logistics could affect the market growth.

The US is projected to be the leading medical tubing market during the forecast period. The growth in the US can be attributed to the rising demand for medical tubing applications such as drug delivery, catheter & cannulas, bulk disposable tubing, and special application. The presence of a robust industrial base, favorable government policies, and large number of established players for medical tubing in the country are strengthening the medical tubing industry in the country.

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

Zeus Industrial Products (US), Saint Gobain Performance Plastics (France), Teleflex (US), Optinova (US), and Lubrizol Corporation (Vesta) (US), among others, are the leading medical tubing manufacturers, globally. These companies have established their brands, and medical tubing produced by these companies are consumed domestically. They are also supplied to various countries such as China, Japan, UK, Italy, France, and others within the Asia Pacific region.

In February 2020, Teleflex Medical OEM acquired HPC Medical Products to strengthen its medical tubing & wire components and catheters portfolio. With this acquisition, the company is able to meet the growing demand in this pandemic situation. Now, the company is able to supply more products to the impacted countries with immediate effect to meet the growing demand.

Lubrizol announced the continuous supply of flexible and biocompatible materials for vascular catheters, IV tube sets, and medical components used in ventilators, valves, and infusion pumps. In order to attain this, it has altered its production process to deliver more products which can serve the purpose during this COVID-19 pandemic. The company also ramped up the supply of ESTANE thermoplastic polyurethane (TPU) for a multitude of applications in this crucial time.

Read More: https://www.marketsandmarkets.com/PressReleases/covid-19-impact-on-medical-tubing.asp

5 Recent Development in Polymer Modified Cementitious Coatings Market

The polymer modified cementitious coatings market is estimated at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, at a CAGR of 6.5% from 2020 to 2025. The residential segment is estimated to lead the polymer modified cementitious coatingsmarket in 2020, owing to The growing urbanization and migration of people from rural areas to urban cities are important factors driving the housing sector. Rising government initiatives to support infrastructure development and construction activities in emerging countries of the Asia Pacific region offer lucrative growth opportunities to manufacturers of polymer modified cementitious coatings. The recent outbreak of the COVID-19 pandemic and its rapid spread across the world has led to economic disruption and has brought down construction activities. Trade, travel, retail, and manufacturing activities have been affected, and the production of construction chemicals has come to a standstill during the first three months of 2020 and is expected to continue till the second quarter of 2020.

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

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 coatingsmarket. These players have been focusing on developmental strategies, such as expansions, acquisitions, partnerships, joint veture, and new product developments, which have helped them expand their businesses in untapped and potential markets.

Recent Development

• In March 2020, W. R. Meadows, Inc. introduced a new one-component polymer modified coating, namely, MEADOW-PATCH SMOOTH-GRADE. It is used to fill cracks, smooth rough surfaces, and other small surface defects in newly placed or existing concrete surfaces. This has helped the company to expand its product portfolio and cater to new markets.
• In February 2020, Fosroc International Ltd, and Berger Paints Bangladesh Ltd, market leader in the Bangladesh paint industry, entered into a joint venture to establish a new legal entity, Berger Fosroc Limited. This new entity serves the construction chemicals market in Bangladesh. This joint venture has helped the company in working with contractors onsite and provide solutions to protect concrete with grouts, waterproofing, coatings, sealants, and flooring products. This is also expected to help the company serve the construction sector in Bangladesh which is expected to witness significant growth over the next few decades
• In December 2019, Arkema S.A. acquired LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems, and floor preparation solutions through its subsidiary, Bostik. With this acquisition, the company is able to meet customer demand in the Nordic countries
• In May 2019, Saint-Gobain Weber signed a memorandum of understanding with SCG Cement-Building Materials in Thailand for the development of a modular bathroom solution that incorporates Saint-Gobain Weber tiling and waterproofing solutions. With this partnership, the company is expected to expand their presence in Thailand and cater its waterproofing materials for several applications.
• In May 2018, GCP Applied Technologies Inc. acquired UK-based R.I.W. Limited (R.I.W.), a supplier of waterproofing products, for approximately USD 30 million. This acquisition has helped the company to establish its presence in the UK and increase its customer base.

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 cementitious.

Don’t miss out on business opportunities in Polymer Modified Cementitious Coatings Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Top leading Players in Lithium-Ion Battery Anode Market

The global lithium-ion battery anode market size is projected to grow from USD 8.4 billion in 2021 to USD 21.0 billion by 2026, at a CAGR of 19.9% from 2021 to 2026. The growing demand for electric vehicles along with the high demand for lithium-ion batteries for industrial applications is driving the market growth. Moreover, strategies such as agreements and plant expansions undertaken by several prominent players in the lithium-ion battery anode industry are further fueling the lithium-ion battery anode industry growth across the globe.

The agreements, as well as plant expansions made by many prominent players in the lithium-ion battery anode industry, are one of the key factors. The lucrative market opportunities in the regions of China, Hungary, Germany, and Poland, as well as the rising concerns related to environment due to the usage of fossil fuels, are expected to boost the lithium-ion battery anode market.

The key players in the lithium-ion battery anode market include Showa Denko Materials (Japan), JFE Chemical Corporation (Japan), Kureha Corporation (Japan), SGL Carbon (Germany), Shanshan Technology (China), and POSCO CHEMICAL (South Korea). The lithium-ion battery anode market report analyzes the key growth strategies adopted by the leading market players between 2017 and 2021, which include expansions, investments, and mergers & acquisitions.

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

Recent Developments

• In April 2021, Shanshan Technology is to expand its lithium-ion battery anode material production base which is in Baotou city, north China’s Inner Mongolia. Currently, the plant has a production base of more than 60,000 t/yr of graphite negative and 40,000 t/yr of carbon-coated graphite negative materials.
• In April 2021, SGL Carbon signed a collaboration agreement with Altech Chemicals for the development of high purity alumina-coated (HPA) graphite materials for use by the lithium-ion battery industry in anode application.
• In March 2021, SGL Carbon received a funding of around USD 51 million under IPCEI (Important Project of Common European Interest) for the development and industrialization of anode materials that are made of synthetic graphite for use in lithium-ion batteries.

Showa Denko Materials is one of the leading companies engaged in the manufacturing of lithium-ion battery materials. The company manufactures a wide range of chemicals and electronics related products. Hitachi Chemical Company was acquired by Showa Denko after which it was named as Showa Denko Materials in June 2020. The company has its presence in North America, South America, Europe, and Asia Pacific. It has its major footprint in countries such as Japan, South Korea, China, and US. It has its research and development centers located in Tsukuba, Japan; Hitachi, Japan; Fukaya, Japan; and Chikusei, Japan.

JFE Chemical Corporation manufactures organic and chemical materials. JFE Chemical Corporation works as a subsidiary of JFE Steel which is one of the business division of JFE Group Holdings. The company was formed with the merger of the Chemicals Division of Kawasaki Steel Corporation and Adchemco which was the chemicals business subsidiary of NKK Corporation. JFE Chemical Corporation has a strong presence in Japan along with a significant presence in China, Thailand, and Hong Kong. It has manufacturing centers located in Chiba, Kurashiki, Kasaoka city of Japan. The company also has a research and development center located in Chiba, Japan.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=147095907

Dow (US) and Shin-Etsu Chemical Co. Ltd. (Japan) are the Key Players in the Silane Coupling Agents Market

The global silane coupling agents market size is estimated to grow from USD 1.2 billion in 2021 to USD 1.6 billion by 2026, at a CAGR of 5.5% during the forecast period. The driving factors for the silane coupling agents market is increasing penetration of silane coupling agents in the automotive & transportation, building & construction industry, energy & chemical segment, and electrical & electronics industry in the emerging economies, such as India, China, and the Middle-East, Thailand, Indonesia, Brazil, and Argentina.

APAC accounted for the largest share of the Silane coupling agents market in 2020. The market in the region is growing because of increased foreign investments because of cheap labor and availability of raw materials. The demand for silane coupling agents in APAC is expected to increase in the next five years, due to many ongoing and upcoming building & construction projects, and industrial projects in Southeast Asian countries. High economic growth and heavy investments in these applications play a key role in driving the silane coupling agents market.

Dow (US), Wacker Chemie AG (Germany), Evonik Industries AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Momentive (US), Gelest Inc. (US), Nanjing Union Silicon Chemical Co., Ltd (China), 3M (US), and WD Silicones (China), among others, are the leading silane coupling agents manufacturers, globally. These companies adopted new product launch, expansion, agreements & contracts and merger & acquisition, as their key growth strategies between 2016 and 2021 to earn a competitive advantage in the silane coupling agents market.

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

Dow is one of the largest player in the silane coupling agents market. It operates through Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics business segments. The product list involves acrylics, ethylene vinyl acetate (EVA), methacrylic acid copolymer resins, polyethylene (PE), high-density polyethylene (HDPE), ethylene dichloride (EDC), methylene diphenyl diisocyanate (MDI), among others. The company has strong financial backgrounds and geographical presence with 106 manufacturing sites in 31 countries.

Shin-Etsu chemical Co. Ltd. is the second-largest player of the silane coupling agents market, globally. The company strives to maintain and further strengthen its leadership position in the silane coupling agents market by continuously expanding its business and launching new products that meet the increasing global demand. In September 2018, Shin-Etsu Chemical decided to make a USD 900 million facility investment in its silicones business. It will expand production capacity both in Japan and globally for silicone products.

Read More: https://www.marketsandmarkets.com/PressReleases/silane-coupling-agent.asp

Asia Pacific is expected to witness the fastest growth in the UHMW PE market

The ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion in 2020 and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

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

The UHMW PE 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 UHMW PE market in 2019. The Asia Pacific region is an emerging and lucrative market for UHMW PE, owing to industrial development and improving economic conditions. In addition, the growth of the medical industry in Asia Pacific is one of the reason leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The presence of a number of mechanical component manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market in the coming years.

Based on end-use industry, the healthcare & medical segment is expected to grow Increasing demand for UHMW PE by the healthcare & medical industry is expected to drive the market across regions. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.

The decline in the age group of people undergoing knee and hip surgeries, the demand for UHMW PE has increased in the healthcare & medical industry. UHMW PE possesses the basic requirements for any medical implant material, which includes biological stability, biocompatibility, toughness, high creep resistance, low friction, and low wear.

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market. These players have been focusing on developmental strategies, such as expansions, acquisitions, partnerships, joint veture, and new product developments, which have helped them expand their businesses in untapped and potential markets.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=257883188

The Dow Chemical Company (US), and BASF SE (Germany) are Key Players in Polymer Emulsion Market

 

The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%, between 2020 and 2025. Monomers dissolved in water are known as polymer emulsions. They are formed by a chain reaction known as emulsion polymerization. They are also known as waterborne polymers due to their water content. Polymer emulsions are used increasingly as substitutes for solvent-based polymers. Polymer emulsions have high molecular weight and are considered eco-friendly as they have low VOCs. The key applications of polymer emulsion are paints & coatings, paper & paperboard, adhesives & sealants, and others.

APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.

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

The key players in the blowing agents market are DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), Asahi Kasei Corporation (Japan), and others. These players adopt various developmental strategies such as expansions, new product development, agreement, and acquisitions to expand their market share.

The Dow Chemical Company is the largest player in the polymer emulsion market. The company serves various high-growth end-markets, offering an extensive product portfolio that includes all types of polymer emulsions. The company is backward integrated, offering waterborne resins, surfactants, binders, and other products. The company adopted both organic and inorganic strategies, including expansion and agreement between 2016 and 2019.

For instance, in 2018, the company opened a regional sales center located in Toronto, Canada, to address the demand for Canadian customers. These strategies have helped the company to strengthen its position in the North American market.

BASF SE is the second-largest player in the polymer emulsions market. The company offers a wide range of polymer emulsions as well as raw materials such as surfactants and binders which are used to manufacture polymer emulsion.

In 2018, the company expanded its production facilities of Joncryl water-based emulsion at its Ludwigshafen site. This has strengthened the company’s position as one of the leading manufacturers of water-based resin as well as emulsion polymers products.

Don’t miss out on business opportunities in Polymer Emulsion Market. Speak to our analyst and gain crucial industry insights that will help your business grow.