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Abrasion Resistant Coatings Market is Projected to Reach $11.1 Billion, at a CAGR of 6.5% - Global Forecast to 2024

2019-08-09T12:12:12.522Z

The global Abrasion Resistant Coatings Market size of abrasion resistant coatings is projected to grow from $8.0 Billion in 2019 to $11.1 Billion by 2024, at a CAGR of 6.5% during the forecast period. The major driving factors for the market are stringent EU and US regulations regarding VOC emissions. The other significant drivers include the enhanced properties of abrasion resistant coatings such as fast curing time and high temperature resistance. The demand for abrasion resistant coatings is increasing from developing economies such as China, India, and Indonesia.

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Polymer is the largest segment of the abrasion resistant coatings market, by type.

Polymer-based abrasion resistant coatings are classified into epoxy, polyurethane, polyester and fluoropolymer coatings. They can be applied to metals, ceramics as well as synthetic materials and are able to resist temperature up to 536°F. They are widely used in general industrial and manufacturing applications. These coatings are also used extensively in refineries, chemical plants, and marine equipment such as offshore drilling platforms and merchant ships.

The power generation end-use industry is projected to register the highest CAGR during the forecast period.

On the basis of end-use industry, the abrasion resistant coatings market can be segmented intooil & gas, marine, power generation, transportation, mining, construction. In the power generation end-use industry, abrasion resistant coatings are used in applications such as wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structure, and turbines. The use of abrasion resistant coatings in this industry is mostly to withstand weather conditions.

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Europe is the largest market for abrasion-resistant coatings.

Europe accounts for the largest share of the global abrasion resistant coatings market. The growth of the shipbuilding industry is one of the most significant factors contributing to the increased demand for abrasion resistant coatings in this region. Increasing investments in the defense sector and restructuring efforts undertaken by ship manufacturing companies are the other factors driving the abrasion resistant coatings market in Europe.

The leading players in the abrasion-resistant coatings market are AkzoNobel N.V. (Netherlands), Saint-Gobain (France), Jotun A/S (Norway), The Sherwin-Williams Company (US), Hempel A/S (Denmark), Praxair Surface Technologies (UK), Henkel (Germany), and Sika AG (Switzerland).

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Global Roofing Systems Market - Residential Sector to Gain Maximum Traction

2019-07-09T15:31:57.950Z

Government regulations regarding zero energy building codes and green roofing also provide an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.

The residential sector is projected to be the fastest-growing segment by 2021. The non-residential sector comprises industrial, commercial, and other applications. New construction and remodeling are expected to increase the demand for roofing systems.

The market for Roofing Systems is projected to grow from USD 109.72 Billion in 2016 to USD 157.56 Billion by 2021, at an estimated CAGR of 3.06%. This growth is due to the growing construction activities, globally.

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Shingles & plates held the largest market share because of their low cost and easy installation techniques. They are the most preferred roofing products for residential buildings, as they are durable and can last for up to 30 to 40 years. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other roofing products include tiles, sheets, and shakes.

On the basis of key regions, the market for roofing systems is segmented into North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific region is the most attractive market for roofing systems. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of roofing systems. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.

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Marine Coatings: Increasing Demand from The Shipbuilding Industry & Forecast to 2027

2019-06-17T13:02:45.141Z

Increasing demand for marine coatings from the shipbuilding industry in emerging economies such as China, India, and Brazil, is expected to fuel the growth of the marine coatings market across the globe. The marine coatings market is also expected to grow because of the rising demand for reduced fuel consumption in cargo and cruise ships. The need to reduce fuel consumption is also expected to drive the market.

The global Marine Coatings Market is projected to grow from $3.4 Billion in 2018 to $4.7 Billion by 2027.

Browse 125 market data Tables and 28 Figures spread through 142 Pages and in-depth TOC on "Marine Coatings Market"

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Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. Polyurethane resins are versatile and environment-friendly. They are available with different degrees of rigidity and solid content. Polyurethane resins offer superior properties such as high corrosion resistance, abrasion resistance, impact strength, and low-temperature flexibility, which make them suitable for various marine coating applications.

Among applications, the cargo ships segment accounted for the largest share of the marine coatings market, in terms of value.

Based on application, the cargo ships segment accounted for the largest share of the marine coatings market, in terms of value. The cargo ships are specifically structured to carry large quantities of cargoes compressed in different types of containers. In addition, the cost of transportation through water is substantially lesser as compared to other modes of transportation. These factors are expected to increase the demand for cargo ships, thereby leading to increased demand for marine coatings.

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The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the market in the Asia Pacific region can be attributed to increased demand for marine coatings from various countries such as China, India, and South Korea. Various countries of the Asia Pacific region have expanded their ship manufacturing base, which, in turn, has led to the growth of the Asia Pacific marine coatings market.

Key players operating in the marine coatings market include PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF Coatings (Germany).

Basalt Fiber: High Strength and Noncorrosive Materials Market Growth worth $397 Million by 2024

2019-06-14T09:13:55.254Z

The Basalt Fiber Market is expected to grow from $227 million in 2019 to $397 million by 2024, at a CAGR of 11.8% during the forecast period.

The market is witnessing a significant growth because of the growing demand from various industries such as automotive & transportation, construction & infrastructure, and electrical & electronics. Basalt fiber provides various properties such as high strength, chemical resistance, durability, mechanical strength, and low water absorption.

Browse 85 market data Tables and 47 Figures spread through 125 Pages and in-depth TOC on "Basalt Fiber Market"

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Construction & infrastructure end-use industry is expected to grow with high CAGR between 2019 and 2024.

The basalt fiber is finding increased application in the construction & infrastructure segment due to its high strength and non-corrosive properties. This increasing use of basalt fiber in the construction & infrastructure industry is mainly due to its environmentally friendly properties, good compatibility with concrete, and easy mixing at high concentration. Basalt fiber offers higher mechanical strength that is required for construction in extreme conditions. These are available at a much lower price compared to all other alkali-resistant fibers. Hence, the construction & infrastructure end-use industry is expected to grow with high CAGR during the forecast period.

Continuous basalt fiber is the fastest-growing segment by form during the forecast period.

The basalt fibers are available in two forms, namely, continuous and discrete. Continuous basalt fibers are expected to register a higher CAGR during the forecast period as these fibers are used in various applications such as rovings, fabrics, and yarns in end-use industries such as automotive & transportation, sporting goods, wind energy, construction & infrastructure, and pipes & tanks. Continuous fibers are used in both composites and non-composite applications.

Recent Developments

In December 2017, Mafic SA and Michelman (US) entered into partnership develop innovative basalt fiber products. This has helped Mafic in increasing the performance and surface characteristics of basalt fibers and their use in high-performance composites.
In June 2017, Kamenny Vek started the production of 2000 tex direct basalt fiber roving. These direct rovings offer benefits such as zero catenary and high mechanical strength in applications where high tex is required.

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APAC is expected to be the largest market for basalt fiber during the forecast period.

APAC is one of the leading basalt fiber markets. The growing end-use industries such as construction & infrastructure, automotive & transportation, and wind energy are driving the basalt fiber market in the region. The region has a presence of many basalt fibers and its products manufacturers. The region also has presence of manufacturers that majorly focus on adoption of business strategies in order to increase the production of basalt fibers and meet the growing demand from end users. For instance, Chinese company Jilin Province Huayang New Composite Material Co., Ltd. had adopted technology from Russia to increase its basalt fiber production capacity to 30,000 tons annually.

Some of the prominent players in the basalt fiber market are Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), and Mudanjiang Basalt Fiber Co. (China). The strategies undertaken by them include partnerships, new product developments, and expansions.

Expansions and New Product Launches were the Key Strategies Adopted by the Industry Players to Grow in the Medical Plastics Market

2019-06-13T10:52:12.470Z

The Medical Plastics Market growth is attributed to the aging population, increasing demand for existing and new medical technologies, and growing application globally. New product launches and agreements & joint ventures undertaken by the players operating in the market are expected to fuel market growth.

Browse 71 Market Data Tables and 31 Figures spread through 161 Pages and in-depth TOC on “Medical Plastics Market”

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Medical plastics are used in the healthcare industry, as they are lightweight and cost-effective, and possess properties such as durability, transparency, barrier, and compatibility with other materials. Medical plastics are widely used in the manufacturing of disposables, medical bags, catheters, syringes, diagnostic instruments, surgical instruments, implants, dental tools, drug delivery devices, medical trays, device housing, lab wares, films, gowns, and drapes.

Expansions and new product launches were the key strategies adopted by the industry players to grow in the medical plastics market. The strategies accounted for a share of 60.0% of the total growth strategies adopted by the market players between January 2015 and July 2017. Market players also adopted new product launches and partnerships as strategies to expand their product portfolio.

The major companies adopted both organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to strengthen their foothold in the medical plastics market.

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Asia-Pacific and Europe were the key regions, in terms of strategic developments that were undertaken between January 2015 and July 2017. Asia-Pacific accounted for a share of 65% of all the expansions that took place between January 2015 and July 2017.

Companies such as Lubrizol (U.S.), Ensinger (Germany), Celanese (U.S.), Trinseo (U.S.), BASF (Germany), and Arkema (France) adopted the strategy of expansions to serve the customers more efficiently and increase their market shares.

Trinseo accounted for the largest share of all the developmental activities that took place in the medical plastics market between 2013 and 2017. The company offers the polymers such as polycarbonate resin, ABS resin, and PS resin, along with customization services. Trinseo is increasingly participating in exhibitions and tradeshows to exhibit its products. The company is enhancing its position by expanding its custom medical compounding facility in Asia.

Evonik operates in five business sectors, namely, nutrition & care, resource efficiency, performance materials, service, and others. The company manufactures different medical grade polymers under the nutrition & care, resource efficiency, and performance materials business segments. The company has manufacturing facilities, sales offices, and distribution centers for medical plastics in all the major regions.

Peracetic Acid Market: Drivers, Restraints, Opportunities and Forecasts to 2023

2019-06-12T10:29:26.725Z

The demand for peracetic acid is increasing due to its rising penetration in major end-use industries, such as food & beverage (food processing & packaging and others), healthcare (hospitals & health care facilities, veterinary hospitals, pharmaceutical facilities, and others), water treatment (wastewater treatment and others), and pulp & paper (anti-slime, bleaching agent, and others) across the globe. This demand is expected to fuel the growth of peracetic acid market in the near future.

The Peracetic Acid Market size is estimated to be $664.9 Million in 2018 and is projected to reach $989.2 Million by 2023, at a CAGR of 8.27%, between 2018 and 2023.

[118 Pages Report] Browse 70 market data Tables and 47 Figures spread through 118 Pages and in-depth TOC on “Peracetic Acid Market”

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The sterilant application is projected to grow at the highest CAGR during the forecast period.

The sterilant segment is projected to grow at a higher rate than the other application segments. It is an emerging application of peracetic acid. The major factor responsible for the growth of sterilants is their increased demand in the food industry, life sciences, pharmaceutical, and other industrial products. The rising population is also projected to boost the demand from end-user industries, such as healthcare and life sciences.

The water treatment end-use industry of the peracetic acid market is expected to grow at the highest CAGR during the forecast period.

The wastewater treatment application is witnessing a surge in demand and is projected to register a high CAGR in the next five years, globally. The growing and developing economies of Asia Pacific, such as China and India, with their infrastructural and technological development in the end-use industries, are expected to increase the demand for peracetic acid in the markets. The global water treatment market will continuously grow at a higher rate and is projected to drive the overall market of water treatment products. The superior peracetic acid product is expected to surpass the biocides industry growth due to its larger acceptance and rising demand from end users.

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The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.

The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, due to the rising demand from end-use industries, including water treatment, food, and healthcare is increasing the demand for peracetic acid products. The market in Asia Pacific is driven by increased foreign investments due to cheap labor and accessible raw materials. In addition, government proposals to improve the healthcare and water treatment activities along with the increase in the manufacture of end-use products, are driving the peracetic acid market.

Solvay (Belgium), Evonik (Germany), PeroxyChem (US), Ecolab (US), Enviro Tech Chemical Services (US), Airedale Chemical (UK), Kemira (Finland), and Mitsubishi Gas Chemical Company (Japan) are some of the Key Players operating in the Peracetic Acid Market.

Increasing Residential Construction and Improved Home Remodeling Practices are Expected to Drive The Coating Resins Market

2019-06-11T09:48:42.360Z

Coating resins bind the coating ingredients together and enable them stick to the surface to which they have been applied. They determine the coating’s performance and appearance characteristics, such as their water or scratch resistance, ability to protect against corrosion, and gloss or matt finish.

The Coating Resins Market size is estimated at $29.5 Billion in 2018 and is projected to reach $37.9 Billion by 2023, at a CAGR of 5.1%.

[172 Pages Report] Browse 115 market data Tables and 47 Figures spread through 172 Pages and in-depth TOC on “Coating Resins Market”

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The polyurethane segment is projected to account for the largest share of the coating resins market, by resin type, during the forecast period.

The polyurethane segment is projected to account for the largest share and witness the highest CAGR during the forecast period because of its use in varied applications. The major end-use industries for powdered polyurethanes are the main appliance market coatings, such as refrigerators, dryer drums, and range cabinets. The high-performance characteristics of polyurethanes, such as their ability to cure at lower-baking temperatures, and improved total coating solids, that is, ability to obtain decreased volatile organic compound content; offset the high cost of polyurethanes.

Powder coating is projected to be the fastest-growing technology of the coating resins market during the forecast period.

The powder coating technology is projected to register highest CAGR among the technology segments in the global coating resins market. This technology is mainly used in automotive, appliance finishing, outdoor furniture manufacturing, and architectural & building industries. The major factors driving this growth is the growth of the powder coatings market due to increasing stringent environmental regulations for zero or non-VOC coatings.

The architectural coatings application accounted for the largest share of coating resins market during the forecast period.

The architectural coatings application segment accounted for the largest share of the overall coating resins market in 2017. Booming construction activities globally, rise in awareness about environmentally-friendly products and green environmental regulations, rise in per capita paint consumption, and increase in the popularity of tilt-up concrete in the architectural industry are expected to drive the demand for architectural coatings, globally. The residential construction application dominated the architectural coatings segment owing to increasing construction activities in the residential sector, mainly, in the emerging regions.

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APAC coating resins market is expected to grow at the highest CAGR during the forecast period.

The APAC coating resins market is segmented into China, Japan, India, South Korea, Thailand, Indonesia, Singapore, and the Rest of APAC. APAC accounted for the largest share of the global coating resins market in 2017. Factors, such as huge and increasing addressable population base, rapid and growing construction activity, and increase in the number of automobiles, and wooden furniture are driving the growth of the APAC coating resins market. Compared to mature markets, the market in APAC is projected to grow at a high rate from 2018 to 2023.

Key Market Players

The major players operating in the coating resins market include Arkema S.A. (France), BASF SE (Germany), Royal DSM N.V. (Netherlands), Allnex Netherlands B.V. (Germany), and DowDuPont (US).Arkema S.A. is a multinational company in the coating resins business. It has a strong global position and is expected to maintain its market share in the near future because of its organic and inorganic strategies. The company is planning to launch new products to maintain its leadership in the coating resins business. The new products are expected to contribute to the sales and help the company meet its revenue target. The company also aims to invest in R&D and reduce the risk of technical or economic failure by maintaining a balanced and diversified product portfolio.

Green and Bio Polyols Market Analysis | Recent Market Developments | Industry Forecast to 2015-2021

2019-03-08T14:30:35.347Z

Green and bio polyols are polyols that are either synthesized from natural oils such as soya, castor, palm, canola, euphorbia, sunflower, and so on, or natural sources such as corn, sugar, or recycled polyurethanes, and PET.

The GlobalGreen and Bio Polyols Marketwere valued at $2.63 Billion in 2015 and are projected to reach $4.71 Billion by 2021, at a CAGR of 9.5% from 2016 to 2021.

[153 Pages Report] Browse 98 market data Tables and 52 Figures spread through 153 Pages and in-depth TOC on "Green and Bio Polyols Market"

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On the basis of type, the global green and bio polyols market is segmented into polyester polyols and polyether polyols. Both these polyols are used to manufacture green polyurethane foams, coatings, adhesives, sealants, and elastomers.

Green and bio polyols are further classified into three categories on the basis of applications, which are polyurethane rigid foams, Coatings, Adhesives, Sealants and Elastomers (CASE), and polyurethane flexible foams.

Polyurethane Rigid Foams are commonly used in the construction industry for insulation applications. They also find applications in refrigeration, and packaging.

Polyurethane Flexible Foams are generally used for cushioning applications in furniture, automotive, carpet backing, and sound insulation, and so on.

Coatings, Adhesives, Sealants and Elastomers, together known as CASE, are used for automotive, packaging, transportation, and construction applications.

The global green and bio polyols market in this report has broadly been segmented on the basis of end-use industries such as furniture and bedding, construction/insulation, automotive, packaging and carpet backing. Furniture and bedding is the largest end-use industry of green and bio polyols. Increase in the purchasing power of consumers and the preference for superior quality interiors is leading to the growing demand in the furniture and bedding industry.

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The North American region is projected to be the fastest-growing, during the forecast period. The Canadian market is projected to be the fastest-growing in the North American green and bio polyols market, in terms of value. However, in terms of volume, the U.S. is the fastest-growing market. The growth of the market in Canada can be attributed to the price rise of canola oil which is the major raw material used for the manufacture of green and bio polyols by Canadian manufacturers, as compared to soybean oil which is majorly consumed in the U.S.

Green and bio polyols manufacturers such as Bayer AG (Germany), BioBased Technologies LLC (U.S.), BASF SE (Germany), Cargill Inc. (U.S.), The Dow Chemical Company (U.S.), Stepan Company (U.S.), Emery Oleochemicals (M) Sdn Bhd (Malaysia), Jayant Agro-Organics Limited (India), Global Bio-chem Technology Group Company Limited (Hong Kong), and E. I. du Pont de Nemours and Company (U.S.), are covered in the market report.