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Global Metal Casting Market is projected to be valued at USD 352.65 Billion by the end of 2024

2020-12-10T11:27:11.131Z

Metal Casting Market: Information by Material Type (Cast Iron, Aluminum, Stainless Steel, Zinc and Magnesium), Process (Sand Casting, Die Casting, Shell Mold Casting, Gravity Casting and Vacuum Casting), End-Use Industry (Automotive & Transportation, Building & Construction, Mining, Equipment & Machine and Consumer Goods) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2024

Key Players

MRFR recognizes the following companies as the key players in the global metal casting market—Georg Fischer Ltd (Switzerland), Endurance Technologies Limited (India), Dynacast (US), Ryobi Limited (Japan), GIBBS (US), Precision Castparts Corp (US), Alcast Technologies (Canada), Ahresty Wilmington Corporation (US), Reliance Foundry Co. Ltd (Canada), and FORCEBEYOND (US), among others.

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Market Highlights

The Global Metal Casting Market is projected to be valued at USD 352.65 Billion by the end of 2024 and exhibit a healthy CAGR of 7.55% during the forecast period.

The growth of the global metal casting market is primarily driven by the high demand for automobile components such as sensor and airbag housings wheels, engine components, heads, blocks, and hoods. The increasing automobile production in the developing economies on account of increased spending coupled with rising per capita disposable income of consumers is driving the growth of the automotive industry, which is likely to fuel the demand for metal casting. Additionally, increasing environmental regulations and emission targets set by the regulatory authorities such as the European Union (EU) and US Environmental Protection Agency (EPA) to curb carbon emissions have resulted in increase in the production of lightweight, hybrid, and electric vehicles, which has fueled the demand for aluminum cast components at a significant rate.

The building & construction industry is the other major consumer for metal cast products, wherein steel and aluminum are primarily used in the manufacturing of various building parts. Steel, being a versatile, and durable metal, finds applications in ceilings, roofing, heating & cooling equipment, cladding, stairs for buildings, and rebar, plates, railway tracks, and underground pipelines. With the increase in residential and non-residential construction activities, the demand for metals such as steel and aluminum is likely to increase in the construction industry.

However, growing preference for alternative metal working process, e.g., extrusion process, is expected to be the key factor hampering the growth of the global market during the review period.

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Segment Analysis

The global metal casting market has been segmented on the basis of material type, process, end-use industry, and region.

On the basis of material type, the cast iron segment dominated the market, accounting for a share of over 60% of the market in 2018 and is projected to register a CAGR of 6.70% during the review period. Cast iron is being used in various applications including engine blocks, gas burners, manifolds, housings, enclosures, railroad brake shoes, automobile door hinges, hydraulic components, sprockets, connecting rods, and farm & construction machinery. The increasing use of cast iron in the major end-use industries owing to its superior properties is likely to favor the growth of the segment.

By process, the market has been divided into sand casting, die casting, shell mold casting, gravity casting, vacuum casting, and others. Sand casting is the most widely used metal casting process owing to its low process cost and widespread use in the manufacturing of automobile components such as engine blocks, impellers, manifolds, support beams, cylinder heads, machine tool bases, pump housings, and valves.

Based on end-use industry, the global market has been segmented into automotive & transportation, building & construction, mining, equipment & machine, consumer goods, and others. The automotive & transportation industry held the largest share of the market, wherein various complex-shaped and large components are manufactured using metal casting. A wide range of automobile components including structural components (front-end carriers, body & structure, door frame, seat frames, and tank frame), engine parts (cylinder heads, engine brackets, engine blocks), and transmission components (shafts, housings, chassis, and carriers) are manufactured using metal casting. The automotive & transportation segment is further segmented into gearbox, wheels, engine blocks, cylinder head, exhaust manifold, seat frame, and others. Among these, the cylinder head segment held the largest share in 2018.

Key Findings of the Study

Global metal casting market is projected to reach over 149,079.0 kilotons by 2024 with a CAGR of over 6.5% during the forecast period of 2019–2024.

Asia-Pacific accounted for the largest market share owing to the increasing demand for sand casting and die-casting in the automotive and building & construction industries.

The cast iron segment dominated the market with a share of 72% of the global market in 2018 and is expected to be valued at over USD 202.7 billion by the end of 2024

The sand casting segment held the largest market share of around 54% in 2018 and is estimated to reach approximately USD 352.6 billion by the end of 2024.

The automotive & transportation industry is estimated to be the dominant end-use industry segment in the global metal casting market during the forecast period.

Flavor Enhancer Market Size, Industry Manufacturers, Share and 2024 Forecasts

2020-12-03T07:32:06.489Z

Flavor Enhancer Market Highlights:

Flavor Enhancer is organic chemical compound containing formyl group. Flavor Enhancer is classified as formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. Out of this, formFlavor Enhancer and acetFlavor Enhancer are two most important family members in Flavor Enhancer market.

Rising applications of Flavor Enhancer across various industry is driving the Flavor Enhancer market demand. According to remainder of molecular apart, Flavor Enhancer possesses diverse and volatile nature.

Flavor Enhancer Market Players:

BASF SE (Germany), Huntsman Corporation (U.S), Celanese Corporation (U.S), Georgia Pacific Corporation (U.S), Gujarat Alkalies And Chemicals Limited (India), Simalin Chemicals Industries Limited (India), Eastman Chemical Company (U.S), Sinopec Corporation (China), China National Petroleum Corporation (China), Sumitomo Corporation (Japan) and others.

Each of these Flavor Enhancers are used for different applications according to various properties it possesses. Growing industrial applications, Flavor Enhancers are extensively used in medical and manufacturing of downstream chemicals. It acts as precursor to various chemical such as acids, alcohols and resins etc.

Segments:

Flavor Enhancer Market is majorly segmented on the basis of product type and application. Based on product type, Flavor Enhancer market is segmented into formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. Based on application of Flavor Enhancer, the market is segmented into pharmaceuticals, soaps & detergents, medical disinfectants, plastic additives, agrochemicals, industrial applications.

On basis of product type, Flavor Enhancer is segmented as formFlavor Enhancer, acetFlavor Enhancer, butyrFlavor Enhancer, benzFlavor Enhancer, propionFlavor Enhancer and others. FormFlavor Enhancer consumes highest market share in Flavor Enhancer. Owing to use of formFlavor Enhancer in medical applications such as disinfectant as it kills microbes and bacteria is driving the Flavor Enhancer market demand growth in coming years. It is also used in producing resins such as urea, melamine and phenol.

Growing use of Urea resins in agrochemicals is expected to drive the Flavor Enhancer market over the forecasted period. AcetFlavor Enhancer is second largest segment in Flavor Enhancer market. The acetFlavor Enhancer market is driven by use in production of acetic acid which is extensively used in various end user industries. Also, acetFlavor Enhancer is used in plasticizer in plastic industry and as a paint binder in paints & coating industry. Owing to its growing applications, acetFlavor Enhancer is higher on demand in developing regions owing to growing paints & coating industry and pharmaceutical industry.

Regions:

The Asia-Pacific Flavor Enhancer market is expected to grow due to growing application industry. China consumes largest market share in global Flavor Enhancer market. The report estimates the size of the Flavor Enhancer market both in terms of volume and value. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth.

Rapid industrialization and huge demand from agriculture industry for urea and other agrochemicals is likely to drive the Flavor Enhancer market growth. Europe witnessed a positive growth owing to use of acetFlavor Enhancer for production of plasticizer in plastic industry is expected to drive the use in automobile industry. North America are expected to witnessed a steady growth owing to stringent regulation for producing synthetic Flavor Enhancer. Major players in these are shifting towards eco-friendly products which is easily available and lower in cost.

Intended Audiences:

Flavor Enhancer manufacturers
Traders and distributors of Flavor Enhancer
Production Process industries
Potential investors
Raw material suppliers
Nationalized laboratory

Flaxseed Derivatives Industry | Global Market Analysis, Manufacturers, Demand, Consumption and Opportunity Forecast to 2023

2020-12-01T09:27:56.473Z

Flaxseed Derivatives Market Research Report: Information by Type (Flaxseed Oil, Flaxseed Flour, Others), by Category (Organic, Conventional), by Application (Sweet & Savory Snacks, Functional Food & Beverages, Others), by Region — Global Forecast till 2023

Market Scenario:

Flax is a plant which belongs to the family of Linaceae with seeds known as flaxseed or linseed. There are two basic varieties of flaxseed, namely brown flax and golden flax, where golden flax is also called yellow flax. The golden flaxseed has a nutty-buttery flavor and an attractive golden color which is highly used in culinary preparations for its taste and color. Flaxseed is rich in omega-3 essential fatty acids and fibers among others, due to which preference for flaxseed derivatives are growing among the health-conscious consumers across the globe.

Consumption of flaxseed in regular diet offers several benefits to the overall health. The alpha-linolenic acid (ALA) found in flaxseed, helps in reducing cholesterol. Flaxseed enhances skin and hair health, controls diabetes, and reduces the circulation of C-reactive protein, thereby, lowering body inflammation. Growing health awareness and the advancements in online retail is boosting the sales of supplements containing flaxseed oil and other derivatives as an ingredient. This demand, in turn, is expected to fuel the global flaxseed derivatives market during the forecast period.

Increasing demand for flaxseed derivatives in culinary preparations for its flavor and high nutritional value is projected to boost the growth of the Flaxseed Derivatives Market during the forecast period from 2020 to 2023.

Key Players:

AgMotion, Inc. (US), Johnson Seeds Ltd (Canada), Cargill, Incorporated (US), CanMar Foods Ltd (Canada), Simosis International (India), Richardson International Limited (Canada), TA Foods Ltd (Canada), and The Archer Daniels Midland Company (US).

Market Highlights:

The growth of global flaxseed derivatives market is influenced by the growing consumption of specific food and food ingredients which are not only intended to satisfy hunger but also provide basic nutritional requirements and prevent nutrition deficiencies. Flaxseeds are processed by market players into several products such as oil and flour that help in the improvement of physical and mental wellbeing of the consumers.

Based on type, the global flaxseed derivatives market has been segmented into flaxseed oil, flaxseed flour, and others. The flour segment is expected to dominate the global flaxseed derivatives market during the forecast period. Flaxseed flour is a naturally gluten-free flour and a good source of protein and fiber. Flaxseed flour has a high concentration of oil and is used as a partial substitute for eggs, fat, and other flours while baking. The increasing use of flaxseed flour in baking cookies, muffins, and cakes; in preparing smoothies, pancakes, and savory dishes; and thickening of soups and sauces, are fueling the segmental growth in the global flaxseed derivatives market.

However, flaxseed oil is increasingly gaining traction among the health-conscious consumers since it is a rich source of alpha-linolenic acid (ALA), a type of omega-3 fatty acid. Omega-3 fatty acids are vital to a person’s physical and mental health. The ALA content in flaxseed oil is used by the body and is converted in small amounts to other fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Flaxseed oil, also known as linseed oil, is extracted by cold pressing ripened flaxseeds. Furthermore, flaxseed oil is commercially available in both capsule and liquid form.

The global flaxseed derivatives market has been divided, by category, into organic and conventional. The conventional segment is expected to dominate the global flaxseed derivatives market during the forecast period since conventional products are lower in price and easily available.

However, growing health concerns and allergies from flaxseed crops grown under conventional methods are encouraging consumers to shift towards a safer alternative, thereby boosting the organic segment in the global market. Organic flaxseed derivatives are produced from flaxseed crops that are grown organically without the use of harmful chemicals or ripening agents.

The organic segment is expected to record higher CAGR during the forecast period due to the increasing practice of organic farming and growing inclination of health-conscious consumers towards safer food crops as compared to conventional farming.

By application, the global flaxseed derivatives market is divided into bakery & confectionery, sweet & savory snacks, pet food, functional food & beverages, and others. The sweet & savory snacks segment is expected to dominate the global market during the forecast period.

Daily busy schedules are encouraging consumers to choose snacks over whole meals to save time as well as increasing health concerns are driving the popularity of flaxseed products.

However, consumers are being educated about healthy diet, and proper nutrition intake by market players due to which demand functional food and beverages is increasing.

Additionally, functional food and beverages fortified with flaxseed help in improving cardiovascular health, eye health, and brain health, especially among the elderly population.

Regions:

Flaxseed Derivatives Market has been segmented by North America, Europe, Asia-Pacific, and the Rest of the World.

The flaxseed derivatives market in North America is expected to dominate during the forecast period. Flaxseed derivatives are widely consumed owing to its high nutrition level including omega-3 fatty acids, fiber, and natural antioxidants.

Growing health concerns such as high cholesterol and diabetes due to unhealthy snacking in the region are encouraging the growth of flaxseed derivatives in the region.

Asia-Pacific is expected to be the fastest growing during the forecast period.

High population and growing awareness for healthy snacks and meal products are expected to drive the regional market growth. Advancements in the food and feed industry are further adding to the growth of flaxseed derivatives market in Asia-Pacific.

Segmentation:

The global flaxseed derivatives market has been segmented based on type, category, application, and region.

By type, the global flaxseed derivatives market has been segregated into flaxseed oil, flaxseed flour, and others.

The global flaxseed derivatives market has been classified based on category into organic and conventional.

By application, the global flaxseed derivatives market is classified as bakery & confectionery, sweet & savory snacks, pet food, functional food & beverages, and others.

Food Enzymes Industry Size | Global Market Trends, Industry Share Growth, Opportunities, and Market Forecast to 2023

2020-12-01T07:07:17.770Z

Food Enzymes Market Information: By Type (Carbohydrases, Protease, Lipase), Source (Plant, Animal, Microorganism), Application (Bakery & Confectionery, Snacks, Dairy & Frozen Desserts, Oils, Fats & Spreads, Beverages), And Region Forecast Till 2023

Food Enzymes Market was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR will be attained by the market over the forecast period of 2018 to 2023. The valuation of the food enzymes market was further stated to surpass its previous valuation with the revenue pool getting wider.

Key Players:

Chr. Hansen A/S (Denmark), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (the Netherlands), Advanced Enzymes (India), Puratos Group (Belgium), Associated British Foods PLC (U.K), Novozymes A/S (Denmark), Dyadic International, Inc. (U.S.), and Amano Enzyme Inc. (Japan).

Market Overview:

Food enzymes are used for improving the quality and the nutritional properties of food & beverage items. Enzymes are referred to as natural proteins that are derived from animals, plants, and microbial sources. These enzymes aid in simplifying the food processing steps, one which directly enhances the food quality. Food enzymes are also seen added to enhance the flavors, texture, and organoleptic properties of foods & beverages.

There are many driving factors behind the growth of the food enzymes market. This includes factors like increasing use for fermentation, reduced carbon emissions, softening and digestive, shift to healthy food products, environment benefit, upgradation and technological innovation, high performance, higher productivity, rise in per capita income, product penetration, and health problems linked with digestive care. However, factors like limitations related to pH range and temperature, constraints in brewing industry, counterfeiting of food packaging, inconsistent and unclear regulatory processes, and high pricing associated with research and development activities can hamper the growth of the food enzymes market over the forecast period.

Key Findings:

Global food enzyme manufacturers find massive opportunity in China, owing to the huge demand for enzymes in processing food & beverage products.
Application of food enzymes in dairy & frozen desserts is witnessed to be the fastest growing segment over the forecast period.

Market Segmentation:

The global food enzymes market has been segmented in terms of type, source, and application.

By type, the market is narrowed down into lipase, carbohydrase, protease, and others. Among these, the lipase segment will have the maximum share of the market and is reported to be followed by the protease segment, which is showing considerable growth due to the growing use of protease in beverage as well as food items.

By source, the market is segmented into microorganism, plant, animal, and others. The plant-based food enzymes segment is anticipated to dominate the market over the forecast period.

By application, the market is segmented into ready meals, fats and spreads, beverages, oils, sweets and savory snacks, dairy and frozen desserts, bakery and confectionery, and others. The dairy and frozen desserts segment is reported to have the highest share in the market due to increasing demand for food enzymes especially in dairy products, the booming expansion of the dairy segment, and the rising per capita disposable income.

Regional Analysis:

The global food enzymes market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

North America is most likely to spearhead the global market due to the rising consumption of food enzymes by the food manufacturers of the region. The food enzymes market in the Asia Pacific region is slated to enjoy a promising share with China standing out as the largest contributor. Increasing rate of urbanization and globalization and the adoption of western food culture in countries like China and India are expected to boost the market growth in this region.

In Europe, the food enzymes market is forecasted to register significant growth due to the presence of various food processing and confectionary companies in countries like Germany and the UK. On the other hand, the food enzymes market in Latin America is expected to showcase steady growth rate due to the growing middle-class population and increasing level of disposable income.

Water-Based Adhesive Market Share | Types, Region and Competition Analysis with Forecast to 2023

2020-11-30T08:37:40.619Z

Water-Based Adhesive Market Information by Resin Type (PVA Emulsion, PAE, VAE Emulsion, SB latex, PUD, VAA), Application (Tapes & Labels, Paper & Packaging, Woodworking, Building & Construction, Automotive), and Region (Asia-Pacific, North America, Europe, and Others)—Forecast till 2023

Competitive Analysis

Some of the key players in the global water-based adhesive are Henkel AG & Company, KGaA (Germany), Arkema (France), Sika AG (Switzerland), H.B. Fuller Company (US), DowDupont (US), 3M (US), DIC Corporation (Japan), Ashland Inc. (US), Akzo Nobel N.V. (Netherlands), and PPG Industries, Inc. (US) among others

Market Overview

Water-based adhesives are gaining high importance in the market owing to environmentally friendly and economical alternative to solvent-borne adhesives. They are wet bonding, therefore at least one substrate has to be water permeable to allow water to escape from the bond line. Owing to its flexibility and quick setting time, major customers of water-based adhesives are the paper & packaging, building & construction, automotive and woodworking among others.

Water-based adhesives also known as waterborne adhesives content carrier fluid and additives to reduce its viscosity to be applied at different thickness. These adhesives are formulated using either natural polymers or soluble synthetic polymers.

Market Segmentation

According to MRFR analysis, the global Water-Based Adhesives Market has been segmented by resin type, application, and region.On the basis of resin type, the market has been segmented into polyvinyl acetate emulsion (PVA), acrylic polymer emulsion (PAE), vinyl acetate ethylene emulsion (VAE), styrene butadiene latex, polyurethane dispersion (PUD), vinyl acetate acrylates (VAA) and others. Acrylic polymer emuslion segment accounted for the largest market share in the global water-based adhesives market in 2017.

These adhesives are heterogenous mixture consisting of dispersed liquid in aqueous phase and provides balance between shear, stack and peel of the bond. It is widely used in packaging materials like paper bags, tapes, labels, automotive upholstery and leather binding. Growing demand for packaging application due to increase in trading activities is expected to propel demand for acrylic polymer emulsion, which in turn, driving the demand for water-based adhesives market. Moreover, increasing in number of educational centers and institutions in emerging economies has contributed to rise in bookbinding, carton, labels and paperboard decals are expected to offer a bolstering opportunity for the manufacturers of water-based adhesives.

Based on applications, the market has been segmented into paper & packaging, tapes & labels, building & construction, automotive, woodworking and others. Paper & packaging segment accounted for the largest market share in the global market owing to the increasing demand for lightweight packaging materials in industries like FMCG, pharmaceuticals, and food & beverages.

Increasing in disposable income and high demand for consumer goods are expected to drive the market growth. Tapes & labels are expected to witnessed moderate growth rate during the forecast period. Tapes & labels are prominently used in packaging of electronic devices, medical equipment’s, drug delivery system and industrial goods. Thus, increase in demand for flexible packaging is likely to offer numerous opportunities for end use customers in the global water-based adhesive market.

Regional Analysis

Asia-Pacific accounted for largest market share owing to growing infrastructure activities and rise in automotive production in emerging countries such as India, Malaysia, Thailand, and Indonesia. Increasing demand for paper packaging materials along with increasing disposable income are expected to drive the demand for water-based adhesives over the assessment period.

The high demand from major end-use industries such as paper & packaging, building & construction, automotive, and woodworking is driving the demand for water-based adhesives in the North American and European region. However, the declining sales of print media owing to digital marketing is likely to decline the demand for water-based adhesives.

The Middle East & Africa is driving the global water-based adhesives market owing to the presence of infrastructural hubs present in the region.

Intended Audience:

Water-Based Adhesive manufacturers
Traders and distributors of Water-Based Adhesive
Adhesives & Sealant Producers
Potential investors
Raw material suppliers
Research laboratories

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Food Enzymes Industry Size | Global Market Trends, Industry Share Growth, Opportunities, And Market Forecast to 2023

2020-11-30T07:32:43.307Z

Competitive Landscapes

The global food enzymes market comprises a host of key players. This includes names like Chr. Hansen A/S (Denmark), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (the Netherlands), Advanced Enzymes (India), Puratos Group (Belgium), Associated British Foods PLC (U.K), Novozymes A/S (Denmark), Dyadic International, Inc. (U.S.), and Amano Enzyme Inc. (Japan).

Market Overview

Key Findings

Global food enzyme manufacturers find massive opportunity in China, owing to the huge demand for enzymes in processing food & beverage products.
Application of food enzymes in dairy & frozen desserts is witnessed to be the fastest growing segment over the forecast period.

Market Segmentation

The global food enzymes market has been segmented in terms of type, source, and application.

By source, the market is segmented into microorganism, plant, animal, and others. The plant-based food enzymes segment is anticipated to dominate the market over the forecast period.

Regional Analysis

The global food enzymes market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Plastic Additives Market | Size, Value, Trend and Outlook 2023

2020-11-27T10:49:56.784Z

Plastic Additives Market Information: By Type (Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Antimicrobials, UV-Stabilizers), End-Use Industry (Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics), Region– Forecast till 2023

Competitive Analysis

Some of the important players operating the global market for plastic additives are AkzoNobel NV ( the Netherland), L. N. Chemical Industries (India), Solvay SA (Belgium), SONGWON (South Korea), Evonik Industries AG (Germany), PMC Group Inc. (the U.S), Clariant AG (Switzerland), Albemarle Corporation (US), BASF SE (Germany), Styro Chemical Industries (India), and more

Plastic Additives Market is predicted to touch a revenue of USD 900 billion by the end of 2023

Market Scenario

The plastic additives market is predicted to touch a revenue of USD 900 billion by the end of 2023. The market is anticipated to expand at a staggering CAGR over the assessment period (2018-2023) owing to the increasing awareness of the consumers regarding food contamination, asserts Market Research Future (MRFR). Plastic additives are significant chemical components which are added to polymer or plastic to modify, alter, and enhance its chemical and physical properties. The end-product which is obtained after the addition of additives exhibit physical properties such as increased density, lower glass transition temperature, and reduced weight.

Drivers and Restraints Impacting the Market

Plastic additives serve almost all end-user industries where polymer products are in use. With the growing consumer awareness regarding food contamination from containers along with loose sold food products are driving the market growth over the forecast period. Also, the shifting consumer trend from sedentary to a healthier lifestyle when it comes to consuming healthier food is favoring the growth for packaging industry. With the growing use of eco-friendly packaging materials, the global plastic additives market is expected to stimulate over the assessment period. Moreover, the rapid urbanization along with changing lifestyle of the people is anticipated to trigger the demand for plastic additives over the assessment period.

On the flip side, extensive manufacturing of such products might inhibit the market growth to some extent over the assessment period. Moreover, strict government interventions and growing environmental awareness to regulate commercial application of plastic product may impact the market growth negatively over the years.

Plastic Additives Market: Segmental Analysis

The global plastic additives market has been segmented on the basis of end-use industry, type, and region.

By mode of type, the global plastic additives market is segmented into impact modifiers, antioxidants, UV-stabilizers, plasticizers, flame retardants, antimicrobials, and others. Among these, the plasticizers segment was estimated to lead the market. Use of plasticizers is banned in toys and childcare articles due to their carcinogenic nature. Growing regulations regarding workplace safety has boosted the flame retardants industry growth.

By mode of end-use industry, the global plastic additives market is segmented into automotive, packaging, agriculture, electrical & electronics, building & construction, consumer goods, and others. Among these, the packaging industry holds the largest share owing to its properties such as low reactivity, lightweight, availability in various colors, moisture and chemical resistance, and others.

Regional Insights

Geographically, the plastic additives market spans across regions namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Among all the regions, Asia Pacific is predicted to dominate the market globally due to the growing demand for the product from the packaging industry along with the increasing population. Moreover, Japan, China, and India are the major contributors due to the presence of end-use industries such as building and construction, packaging, and consumer goods.

The North American region is estimated to hold the second-largest share owing to the growing demand for packaging in industrial and household applications. The US is the major contributor in this region owing to the presence of high technological advancements and presence of major market players.

Europe also holds a significant market share owing to the growing R&D activities in plastic materials. The U.K, Belgium, Germany, and the Netherlands are the major economies in this region contributing to the market growth. Meanwhile, the Latin American region along with the Middle East and Africa holds relatively less market share.

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Microcellular Plastics Market Share | Size & Scope, Product Estimates & Strategy Framework to 2020-2023

2020-11-27T09:57:47.918Z

Key Players:

Some of the key players profiled in this report include BASF SE (Germany), Gracious Living Innovations (Canada), Armacell Canada Inc. (Canada), Horizon Plastics International Inc. (Canada), Ingenia Polymers Corp. (U.S.), Lavergne Group (Canada), Sealed Air (U.S.), Total Plastics Solutions (U.S.), Trexel, Inc. (U.S.), and Griswold Corporation (U.S.)

Microcellular Plastics Industry News

In May 2018, Boston, Massachusetts based Trexel has announced the expansion of its MuCell microcellular foaming technology into injection molded packaging market. It is also moving into the automotive blow molding.

In June 2018, the U.S. based Viking Plastics has bought Genesis Plastics and Engineering LLC, a custom thermoformer. Genesis Plastics and Engineering LLC is an injection molder that makes interior automotive parts.

Microcellular Plastics Market Insights

Market Research Future (MRFR)’s latest analysis reveals that the global microcellular plastics market is set to expand moderately over the forecast period 2017 to 2023. The product has developed application across different industry verticals owing to its characteristics such as impact strength, fatigue life, durability, thermal stability, etc. The boom witnessed in the end-user industries such as electrical & electronics, building & construction, healthcare, and food packaging among others is expected to drive the growth of the market in the forthcoming years.

The rising disposable income coupled with rapid urbanization is likely to intensify the demand for microcellular plastics by augmenting automobile industry. The exponential demand for lightweight vehicles is also likely to increase the demand for microcellular plastics in the automobile industry. Furthermore, the growing population has paved the way for accelerated economic activities in the building & construction industry. This is another major factor responsible for aiding microcellular plastics market proliferation during the assessment period.

The rapid industrialization, especially in the fast-developing economies, is poised to propel the expansion of the microcellular plastics market in the foreseeable future. Additionally, the adoption of microcellular plastics is also projected to increase as it is easily recyclable. The microcellular plastics market is likely to remain a lucrative one through the review period.

Microcellular Plastics Market Segmentation

The report offers a detailed segmental analysis on the basis of application. The microcellular plastics market, by application, has been segmented into building & construction, healthcare, electrical & electronics, automotive & transportation, food packaging, and others.

Read Detailed Index of Full Research Study at @ https://www.marketresearchfuture.com/reports/microcellular-plastics-market-5579

Microcellular Plastics Regional Analysis

By region, the microcellular plastics market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific is estimated to register the highest CAGR during the forecast period. The growth is attributable to the increasing demand from the end-user industries such as building & construction, electrical & electronics, and automotive & transportation among others.

Furthermore, the continuous expansion of the country-level markets such as Australia, Taiwan, South Korea, Philippines, China, Japan, Thailand, India, Bangladesh, Malaysia, and Vietnam is likely to drive the growth of the regional microcellular plastics market. Asia Pacific has emerged as a manufacturing hub owing to inexpensive labor and land cost, low production set up fee, growing purchasing power, and moderately stringent regulatory framework. This is expected to expedite the expansion of the microcellular plastics market in the region.

Europe emerged as the largest market for microcellular plastics in 2016. It is projected to retain the pole position over the next few years owing to massive contributions from country-level markets such as Germany, Italy, UK, France, and Russia. The growth of the microcellular plastics market in the region is attributable to the consolidation of automotive manufacturers coupled with increasing investment in research & development and innovation activities. Meanwhile, North America is poised to exhibit steady growth with the U.S. and Canada being the primary contributors.

Latin America is poised to grow steadily owing to the moderate expansion of the country-level markets such as Brazil, Argentina, Mexico, Colombia, and Venezuela. The microcellular plastics market in Middle East & Africa is projected to thrive moderately owing the accelerated economic activities in the end-user industries.

Tungsten Carbide Market Size, Industry Applications and 2023 Forecasts

2020-11-27T07:29:01.978Z

Tungsten Carbide Market:

Tungsten carbide is a chemical compound containing both tungsten and carbon atoms in equal parts. Tungsten carbide is generally a grey powder in its basic form but has the ability to be pressed and formed into different shapes depending upon its use in the end user industries.

The properties such as high tensile strength, durability and abrasion resistance finds its application in many end user industries. Moreover, the advantages coupled with its cost effectiveness makes them suitable and its major applications includes automobiles, mining & construction, oil & gas, defense, and electrical & electronics among others.

Top Key Players:

Sandvik AB
Kennametal Inc
Ceratizit S.A
Extramet AG
Federal Carbide Company
Guangdong Xianglu Tungsten Co., Ltd
Nanchang Cemented Carbide
Jiangxi Yaosheng Tungsten
Japan New Metal Co., Ltd
China Tungsten
Eurotungstene

Segmental Analysis:

Tungsten Carbide Market is segmented into grade type and end user industry. On the basis of grade the market is segmented into general purpose grade, metal foaming and wear grades, submicron grades, rotary drilling and mining grades, and corrosion resistant grades. On the basis of end user industry the global tungsten carbide market is segmented into mining and construction, oil and gas, electrical and electronics, automobiles, defense and others.

The growth of tungsten carbide market can be attributed to its growing consumption in the applications such as machine & cutting tool components, dies & punches, abrasive products and others. The growing industrialization, and urbanization in the developing regions throughout the globe is expected to boost the market during the forecast years. The global market of tungsten carbide is a lucrative one and it is expected to expand at an encouraging CAGR during the forecast years

Tungsten Carbide Market Regional Analysis:

The European market is a lucrative market mainly driven by the developed electrical & electronics, construction and automobile sector. Moreover, the growing oil and gas activities coupled with the increasing infrastructural development are the major factor attributing to the growth of the market. In addition to this, the growing R&D activities in the automobile sector has further augmented the use of tungsten carbide owing to its ability to reduce dust and increase efficiency in the automobile systems.

The tungsten carbide market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a dominant market with an encouraging CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of tungsten carbide in the developing countries of Asia Pacific. Moreover, the favorable government regulation in the region has attracted many industry players to enter the lucrative market of Asia Pacific which in turn is fuelling the market growth.

Targeted Audience:

Tungsten carbide market manufacturers
Traders and Distributors of Tungsten carbide market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Nylon Industry | Value, Growth Research, Size, Share, Trend Top Key Players and Outlook 2023

2020-11-26T04:50:18.622Z

Nylon Market Information by type (Nylon 6,6; Nylon 6,12; Nylon 4,6; Nylon 6; Nylon 12 ), by application (textile, tire, military supply and house hold appliance), by - Forecast to 2027.

Nylon Global Leaders:

Asahi Kasei Corporation, BASF SE, Honeywell International, Inc., E.I. Dupont De Nemours & Company, UBE Industries Limited, Invista S.A.R.L. (Koch Industries, Inc.), Formosa Plastics Corp., Solvay SA , Lanxess AG, Quadrant AG, Huntsman Corporation Saudi Basic, Industries Corp, Arkema SA., Royal DSM NV, and others.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/nylon-market-1068

Nylon Industry News:

Recent findings as per the published article in the Proceedings of the National Academy of Sciences, a new process like electro synthesis process required to produce adiponitrile (ADN) is a green, efficient, chemical process that includes water-based electrolytes and can be powered with renewable electricity sources such as wind or sunlight.

Market Overview:

Nylon Market is all set to score high CAGR during the forecast period of 2016 to 2027. Market research Future (MRFR) in their recently published report revealed the potential of the market to ensure a substantial valuation for itself by the end of 2027 that can be higher than the anticipated valuation.

Several factors are expected to take the global nylon market ahead. Among them, the automotive industry can take the market forward by creating high demand for the product. Nylon is needed to make the automotive lightweight but heat-resistant and durable. On the other hand, hike in the defense budget allocation can be of great help for the nylon market growth. The product is also gaining substantial entry into consumer goods and electronic devices industries, where it can gain high revenues.

Nylon Segments:

The global nylon market, as per the analysis of MRFR, can be segmented on the basis of type and applications. This segmentation has various data on factors that can be utilized for later charting of the market. The segmentation is backed by volume-wise and value-wise data that have been fetched by various adept analysts from diverse sources.

Based on the type, the Nylon market can be segmented as Nylon 6,6, Nylon 6,12, Nylon 4,6, Nylon 6, and Nylon 12. The nylon 6,6 segment has considerable market traction, which can be explored well later to increase profit margin.

Based on the application, the Nylon market can be segmented into application textile, tire, military supply and house hold appliance. The military supply can expect high growth during the forecast period due to hike in defense budgets of several countries. The textile industry has the potential to take the global market a notch higher in the coming year.

Nylon Regions:

North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are regions that can be included in the region-specific report of the global nylon market. Such an intense report can lead to a revelation of various insights of demographic challenges. This would assist in the charting of the future market course.

The APAC market has the market lead and it would continue its dominance in the coming years as well. The region is expecting strong traction from countries like China, India, Taiwan, and others, who are investing on revamping their industrial setup. This is also ensuring a constant influx of funds to support regional production and hike the innovation to constantly develop a ground that can be explored by a range of products.

North America and Europe are also expected to produce substantial growth during the forecast period with substantial hike in their regional production and incorporation of latest technologies. North America includes the US, Canada, and Mexico. On the other hand, Europe includes regions like the UK, France, Germany, Spain, and Italy that can substantially contribute to the regional nylon market growth.

Competitive Landscapes:

Major players in the global nylon market are expected to make various moves to assist the holistic growth of the market. Their moves would include strategic decisions that would also help in solidifying the individual market position. MRFR recorded several companies in their latest report on the same to understand latest trends and their future growth curve.