Chemical industry is one of the oldest industries within manufacturing. It not only plays a crucial role in meeting the day to day needs of the common man, but also contributes significantly towards industrial and economic growth of a nation. The glo ....see more
The anti-graffiti coatings market report covers both anti-graffiti coatings and anti-graffiti films market. The combined market size of anti-graffiti coatings & films is projected to grow from the estimated USD 72 million in 2018 to USD 87 million by 2023, at a compound annual growth rate (CAGR) of 3.8% during the forecast period. Anti-graffiti coatings and films are widely used as surface protection systems that offer resistance to graffiti or vandalism in the construction and transportation industries. The growth of the anti-graffiti coatings & films market is, therefore, directly associated with the growing demand for graffiti-resistant coatings and films from the construction and transportation industries.Sherwin-Williams Company (US), Evonik Industries (Germany), DuluxGroup (Australia), Axalta Coating Systems (US), Teknos Group (Finland), Merck Group (Germany), Rainguard (US), Wacker Chemie (Germany), 3M (US), Avery Dennison Corporation (US), Opalux (UK), Graffiti Shield (US), Hydron Protective Coatings (UK), and SEI Industrial Chemicals (US).
The global adsorption equipment market is estimated to be USD 370 million in 2018 and is projected to reach USD 478 million by 2023, at a CAGR of 5.3% during the same period. The demand for adsorption equipment is mainly driven by stringent regulations to control VOC emissions in various end-use industries such as automotive paints, chemical, printing, semiconductor, food & beverage, and pharmaceutical.Durr Aktiengesellschaft (Germany), CECO Environmental (US), Evoqua Water Technologies LLC (US), TIGG LLC (US), Chemisch Thermische Prozesstechnik (CTP) GmbH (Austria), TAIKISHA LIMITED (Japan), Environmental C & C Inc. (US), Gulf Coast Environmental Systems (US)
The medical processing seals market size is estimated at USD 1.4 billion in 2018 and is projected to reach USD 1.8 billion by 2023, at a CAGR of 5.0%. The global medical processing seals industry is witnessing growth because of increasing demand from applications such as medical equipment & devices, technological advancements, and increasing demand in APAC, mainly from India, China, Korea, and the Southeast Asian countries. Also, the growing healthcare sector in the region is expected to increase the demand for medical equipment & devices, thereby benefiting the growth of the medical processing seals market.IDEX Corporation (US), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Trelleborg AB (Sweden), Parker Hannifin Corp (US), Minnesota Rubber and Plastics (US), Marco Rubber & Plastic Products, LLC (US), Morgan Advanced Materials Plc (UK), Bal Seal Engineering, Inc. (US), and Techno AD Ltd (Israel)
The hybrid fabric market is projected to grow from USD 197 million in 2019 to USD 415 million by 2024, at a CAGR of 16.0% during the forecast period. The market is growing because of the high demand from the automotive & transportation, wind energy, and sports & recreational end-use industries. Hybrid fabric is preferred as it can reduce the weight of the product and is stronger than metallic parts. The market witnessed strong growth in the past few years owing to the growing use in the US, Germany, China, Brazil, and Japan.Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Exel Composites (Finland), Solvay (Belgium), Textum Inc. (US), BGF Industries, Inc. (US), HACOTECH GmbH (Germany), and Arrow Technical Textiles Pvt. Ltd. (India).
The market size of cosmetic dyes is to be USD 280 million in 2018 and is projected to reach USD 366 million by 2023, at a CAGR of 5.5%, from 2018 to 2023. The high growth of applications consuming cosmetic dyes across the world coupled with efficient and superior properties of these cosmetic dyes is driving the market.Sensient Cosmetic Technologies (France), Clariant (Switzerland), DyStar (Singapore), Neelikon (India), Chromatech (India), Pylam (US), Organic Dyes and Pigments (US), Koel Colours (India), Aakash Chemicals and Dyestuffs (US), and Goldmann Group (Germany).
The market size of battery additives is estimated at USD 1.2 billion in 2018 and is projected to reach USD 1.8 billion by 2023, at a CAGR of 9.0%. The growing demand for Li-ion batteries in consumer electronics, high adoption of HEV, PHEV, and EV in the automotive industry, and the increasing investments in renewable energy are factors fueling the growth of the market. However, underdeveloped support infrastructure for EVs is a major restraint for market growth.Cabot Corporation (US), 3M (US), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), and ALTANA (Germany).
The global oil & gas processing seals market is estimated to be USD 5.7 billion in 2018 and is projected to reach USD 6.4 billion by 2023, at a CAGR of 2.5 % during the same period. The increased production of shale gas in developing and developed countries is expected to drive the oil & gas processing seals marketFreudenberg Group (Germany), John Crane (US), Flowserve Corporation (US), Parker Hannifin Corp (US), Solenis (US), Saint-Gobain (France), Trelleborg AB (Sweden), DuPont (US), Precision Polymer Engineering (UK), M. Barnwell Services Limited (UK), and Techno AD Ltd (Israel)
The market size of HBPA epoxy resin is estimated at USD 1.7 billion in 2018 and is projected to reach USD 2.2 billion by 2023, at a CAGR of 5.1%, between 2018 and 2023. The HBPA epoxy resin market is driven by the growth of the power generation industry in developing countries and an increase in the need to protect concrete floors in the industrial and commercial facilities. However, volatility in raw material prices is a major restraint for market growth. Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), Nagase America Corporation (US), and Huntsman Corporation (US).
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023. Rising demand and adoption of green chemistry in organic synthesis is the major factor driving the growth of the phase transfer catalyst market across the globe.SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the key players operating in the phase transfer catalyst market
The compressor oil market size is estimated to be USD 10.1 billion in 2018 and is projected reach USD 13.2 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Compressor oils are mixtures of base oils and additives. The additives help enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oils are utilized to reduce friction between moving surfaces of the compressor. In addition, compressor oils help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. The growing end-use industries such as oil & gas, general manufacturing, and chemical & petrochemical drive the demand for compressor oil. On the other hand, technological advancement and oil rejuvenation are restraining the market growth.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The industrial tubes market size is estimated at USD 478.0 billion in 2018 and is projected to reach USD 632.6 billion by 2023, at a CAGR of 5.8%. Growth in the global petrochemical and chemical industry is the major driver for the industrial tubes market. In addition, the growing energy & power segment is also driving the demand for industrial tubes.Nippon Steel & Sumitomo Metal Corporation (NSSMC) (Japan), Vallourec S.A. (France), Sandvik AB (Sweden), Tenaris (Luxembourg), and Tata Steel (India) are the key players operating in the industrial tubes market.
The market size for recovered carbon black is projected to grow from the estimated USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period. Recovered carbon black is widely used as an environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber products. The growth of the recovered carbon black market is, therefore, directly associated with the growing demand for environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber applications.Pyrolyx (Germany), Delta-Energy Group (US), Black Bear Carbon (Netherlands), Scandinavian Enviro Systems AB (Sweden), Klean Industries (Canada), Radhe Group of Energy (India), Alpha Carbone (France), Bolder Industries (US), DRON Industries (Slovakia), DVA Renewable Energy JSC (Vietnam), Enrestec (Taiwan), Integrated Resource Recovery (US), and SR2O Holdings (US).
The low profile additives market size is estimated to be USD 381 million in 2018 and is projected to reach USD 664 million by 2023, at a CAGR of 11.8%. Technological advancements in the automotive industry and increasing demand from electrical equipment and appliances are the key factors driving the low profile additives market, globally. In addition, the growing demand for renewable energy, especially wind energy, will augment the growth of the market, globally. Some of the key players in the low profile additives market are Wacker Chemie (Germany), LyondellBasell Industries (Netherlands), Polynt-Reichhold Group (Italy), AOC Aliancys (Italy), and Interplastic Corporation (US). Investment & expansion and agreement were the major growth strategies adopted by the market players between 2015 and 2018 to enhance their regional footprint and meet the growing demand for low profile additives in the emerging economies.
The coalescing agent market size is projected to grow from USD 1.0 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%. Coalescing agents are typically solvents which help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to reduce the minimum film formation temperature, resulting in optimized film coherence and improve film properties such as scrub resistance, abrasion resistance, mechanical properties, and appearance.Elementis Plc (UK), Eastman Chemical Company (US), Synthomer Plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema Group (France), and Celanese Corporation (US).
The market for curing agents is projected to grow from USD 4.2 billion in 2018 to USD 5.9 billion by 2023, at a compound annual growth rate (CAGR) of 6.80% during the forecast period. The growth of applications such as coatings, wind energy, electrical & electronics, construction, composites, and adhesives is majorly driving the curing agents market.The major players operating in the curing agents market are Evonik Industries (Germany), Hexion Inc. (US), Huntsman Corporation (US), Cardolite Corporation (US), and BASF (Germany).
The global aerospace adhesives & sealants market is projected to reach USD 1,008 million by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing penetration of composites in aircraft and rising aircraft deliveries are increasing the demand for aerospace adhesives and sealants. The emerging middle-class population in developing countries, such as China, India, and Brazil, has also triggered the growth of the aerospace adhesives & sealants market. The key players in the aerospace adhesives & sealants market are 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).
The low GWP refrigerants market is projected to grow from USD 16.5 billion in 2018 to USD 28.7 billion by 2023, at a CAGR of 11.7%. The major factors driving the low GWP refrigerants market are the low environmental impact of low GWP refrigerants, phasing out of CFC, HCFC, and HFC refrigerants, and the increasing demand for refrigerants and air conditioners across the globe. Major vendors in the low GWP refrigerants market include Linde Group (Germany), Honeywell (US), Sinochem Group (China), Airgas Inc. (US), Engas Australasia (Australia), A-Gas (UK), and Puyang Zhongwei Fine Chemical (China).
The sensor bearing market is estimated to grow from USD 5.1 billion in 2018 to USD 6.5 billion by 2023, at a CAGR of 5.2%. The major factors driving the sensor bearing market are increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and the enforcement of stringent regulations related to the mandatory installation of ABS systems in cars in various Asia Pacific and European countries. Major vendors in the sensor bearing market include SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), NTN Corporation (Japan), Timken (US), NSK Corporation (Japan), JTEKT Corporation (Japan), ABB Group (Switzerland), Mageba SA (Switzerland), BRTEC (China), ABB Group (Switzerland), Fersa Bearing SA (Spain), and Nachi Europe GmbH (Germany).
The aerospace plastics market is projected to grow from USD 14.7 billion in 2018 to USD 20.7 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period. The growth of the aerospace plastics market can be attributed to the growth in the commercial and general & business aircraft segment.SABIC (Saudi Arabia), Victrex (UK), Drake Plastics Ltd. (US), Solvay (Belgium), BASF SE (Germany), and Evonik (Germany)
The transcritical CO2 systems market is estimated to grow from USD 27.2 billion in 2018 to USD 61.8 billion by 2023, at a CAGR of 17.9%. The major driving factors for the transcritical CO2 systems market are the low environmental impact of transcritical CO2 systems; phasing out of CFC, HCFC, and HFC refrigerants; increasing demand for refrigeration and air-conditioning applications; and low operating costs of transcritical CO2 refrigeration systems.Carrier Commercial Refrigeration (US), Green & Cool World Refrigeration AB (Sweden), Hillphoenix, Inc. (US), Advansor (Denmark), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Canada), SCM Frigo S.p.A. (Italy), Emerson Climate Technologies (US), Baltimore Aircoil Company (US), Henry Technologies, Inc. (US), Systemes LMP, Inc. (Canada), Mayekawa Mfg. Co., Ltd. (Japan), and Panasonic (Japan).
The market for specialty polystyrene resin is estimated to grow from USD 111 million in 2018 to USD 126 million by 2023, at a CAGR of 2.64% during the forecast period. The demand for protection function from various applications is expected to drive the specialty polystyrene resin market. Focus on the reduction of greenhouse gas emissions and strict government regulations on the construction of energy-efficient buildings are expected to drive the demand for specialty polystyrene resin. The growth of the market is driven by increasing use of packaging for performance and environmental reasons in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina.Sekisui Plastics Co., Ltd. (Japan), NOVA Chemicals Corporation (Canada), Synthos (Poland), BASF SE (Germany), SUNPOR KUNSTSTOFF GmbH (Austria), Atlas EPS (US), VERSALIS (Italy), SABIC (Saudi Arabia), LG Chem, Ltd. (South Korea), BEWiSynbra Group AB (publ) (Sweden), Samsung Fine Chemicals Co., Ltd (South Korea), Total S.A. (France), and Trinseo (US).
The market size of wearable materials is estimated at USD 1.5 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 15.0 % between 2018 and 2023. The high demand for wearable electronics in emerging countries is leading to the increasing consumption of wearable materials. Increasing demand for low-cost wearables and rising disposable income in emerging economies are driving the wearable materials market.BASF (Germany), DowDuPont (US), Wacker Chemie (Germany), DSM (Netherlands), Arkema (France), Eastman Corporation (US), Shin-Etsu (Japan), Elkem (Norway), Momentive performance materials (US), and Lubrizol (US).
The tank insulation market size is estimated to be USD 5.2 billion in 2018 and is projected reach USD 6.5 billion by 2023, at a CAGR of 4.50% between 2018 and 2023. Tank insulation is a material or combination of materials that add a protective covering to tanks and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperature. The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia drives the demand for tank insulation. Also, stringent regulations to insulate tanks drive the demand for tank insulations. The key market players profiled in the report include Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Cabot Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany).
The market for anti-slip coatings is projected to grow from USD 105 million in 2018 to USD 161 million by 2023, at a CAGR of 6.5% during the forecast period. Anti-slip coatings are used on various surfaces such as workshop floors, stairs, scaffolds, and so on. It is wear resistant and resists oils, acids, detergents, and others. Anti-slip coatings can be directly used without the need for any previous mixing. The leading players in the anti-slip coatings market are 3M (US), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), Sherwin Williams (US), Amsteps Products (England), Randolph Products (UK), No Skidding Products (US), North Central Electric (US), Paramelt RMC B.V (Netherlands), Safemate Anti-slip Pvt. Ltd. (Germany), Skidproof Ltd. (UK), Industrial Applications Inc. (UK), Halosurfaces International Ltd. (New Zealand), Wooster Products (US), Anti-slip Anywhere (US), Tesoplas (England), American Safety Technologies (US), and Diamond Safety Concepts (Japan).
The market size of silicone film is to be USD 794 million in 2018 and is projected to reach USD 1,087 million by 2023, at a CAGR of 6.5%, from 2018 to 2023. The high growth of end-use industries consuming silicone film across the world coupled with efficient and superior properties of these silicone films is driving the market. The key players in the silicone film market include Wacker Chemie (Germany), Mitsubishi Chemical Corporation (Japan), Elkem (Norway), Momentive Performance Materials (US), and DowDuPont (US). These players have established a strong foothold in the market by adopting strategies, such as expansion, new product launch, and merger & acquisition.
The opacifiers market size is estimated to be USD 15.2 billion in 2018 and is projected reach USD 20.6 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. The market is mainly driven by the rising demand for opacifiers from the end-use industries such as personal care, paints & coatings, and ceramics. Growing demand for opacifiers in upcoming applications has created various opportunities for its manufacturers. APAC is the key market for opacifiers, globally, followed by Europe and North America. One of the primary drivers of the market is the increasing demand for paints & coatings, ceramics, and personal care products in these regions.DowDuPont (US), Arkema (France), Ashland Global Holdings Inc. (US), Tayca Corporation (Japan), Chemours Company (US), Tronox Limited (US), Kronos Worldwide Inc. (US), Cristal (Kuwait), Alkane Resources Ltd (US), En-tech Polymer Co. Ltd. (South Korea), and Venator (UK).
The seam sealing tapes market is expected to grow from USD 205 million in 2018 to USD 283 million by 2023, at a CAGR of 6.7% from 2018. The growth in the sports and outdoor apparel industry, owing to the growing health awareness among consumers and increasing fitness activities, is driving the growth of the seam sealing tapes market during the forecast period. In addition, increase in demand for protective clothing and accessories such as military, surgical/medical, and chemical protection garments are influencing the growth of the market.Bemis Associates (US), Toray Industries (Japan), Himel Corp. (Korea), Sealon (Korea), Loxy AS (Norway), Gerlinger Industries (Germany), DingZing (Taiwan), Adhesive Films (US), San Chemicals (Japan), and Essentra (UK).
The global succinic acid market is estimated to be USD 132 million in 2018 and is projected to reach USD 183 million by 2023, at a CAGR of 6.8%. The growth in the food & beverage, industrial, and pharmaceutical industries is expected to drive the market.
The market size of plastic pigments is estimated at USD 10.3 billion in 2018 and is projected to reach USD 14.8 billion by 2023, at a CAGR of 7.5%, from 2018 to 2023. The high demand for packaging in emerging countries is leading to the increasing consumption of plastic pigments. The increasing demand for plastics in the automotive industry, increasing significance of aesthetics in packaging, industrialization in emerging economies, and high demand for high-performance pigments are driving the plastic pigments market.
The global water filters market is estimated to be USD 10.8 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 6.3%. The growth in the oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end use industries is expected to drive the water filters market.Companies such as Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), EvoQua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK), and Lydall Industrial Filtration (US)
The synthetic zeolites market is projected to grow from USD 5.2 billion in 2018 to USD 5.9 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period. The growth of the synthetic zeolites market can be attributed to the increased consumption of detergents due to the growing population and demand for zeolites for use in specialty applications.Major companies in the synthetic zeolites market include Albemarle Corporation (US), BASF SE (Germany), Honeywell International, Inc (US), Clariant AG (Switzerland), W.R. Grace & Co. (US), TOSOH Corporation (Japan), Union Showa KK, (Japan), Zeochem AG (Switzerland), KNT Group (Russia), Arkema SA (France), Zeolyst International (US), Huiying Chemical Industry (China), Chemiewerk Bad Kostritz GMBH (Germany), National Aluminium Company Limited (India) and PQ Corporation (US)
The electronic films market is projected to grow from USD 7.6 billion in 2018 to USD 10.2 billion by 2023, at a CAGR of 6.0% during the forecast period. The market is growing due to the high demand for electronic displays from smartphones, tablets, and other similar consumer electronic devices. Electronic films are used in this application as they exhibit properties such as chemical resistance, high-temperature tolerance, low coefficient of friction, optical transparency, conductivity, UV & weather resistance, moisture resistance, high insulation, low surface energy, and low dielectric constant. The electronic films market comprises major solution providers, such as DowDuPont (US), Toray Industries Inc. (Japan), Gunze (Japan), Nitto Denko Corporation (Japan), Saint-Gobain S.A. (France), The Chemours Company (US), Toyobo Co, Ltd. (Japan), Teijin Ltd. (Japan), TDK Corporation (Japan), and 3M (US).
The market for subsea thermal insulation materials is projected to grow from close to USD 77 million in 2018 to more than 93 million by 2023, at a CAGR of 4.0% during the forecast period. Subsea thermal insulation materials are widely used to insulate equipment, components, and pipelines used in subsea oil & gas operations. The major driving factors for the market are the recovery of the oil & gas industry and the increasing number of subsea projects.
The global sizing agents market is estimated to be USD 3.1 billion in 2018 and is projected to reach USD 4.0 billion by 2023, at a CAGR of 5.4% during the same period. The growth in the production of textile & clothing industry and paper & paperboard products due to the demand for paper-based packaging is expected to drive the sizing agents market. BASF (Germany), Aries Chemical (US), Pulcra Chemicals (Germany), Kemira OYJ (Finland), Solenis (US), Omnova Solutions (US), Buckman Laboratories (US), Seiko PMC Corporation (Japan), Evonik (Germany), and Bodo Moller Chemie (Germany) are the key players operating in the sizing agents market.
The polymer binders market size is estimated at USD 24.1 billion in 2018 and is projected to reach USD 35.0 billion by 2023, at a CAGR of 7.8%. Growth in the global construction industry is the major driver for the polymer binders market. In addition, growing per capita paint consumption is also driving the demand for polymer binders significantly. BASF (Germany), DowDuPont (US), Celanese Corporation (US), Arkema (France), Wacker (Germany), Trinseo (US), Taogosei (Japan), Synthomer (UK), Dairen Chemical (Taiwan), and OMNOVA (US) are the leading players operating in the polymer binders market.
The cryogenic insulation market size is estimated to be USD 2.3 billion in 2018 and is projected reach USD 3.3 billion by 2023, at a CAGR of 7.20% between 2018 and 2023. The cryogenic insulation market is mainly driven by the rising demand for LNG as fuel in developed and developing economies. Rising environmental awareness is also contributing to the growth of the market. Growing demand for cryogenic technologies in space applications has created various opportunities for cryogenic insulation manufacturers. APAC is the key market for cryogenic insulations, globally, followed by Europe and North America. One of the primary drivers of the market is the increasing demand for transportation, storage, and liquefaction of natural gas to LNG in these regions. The key market players profiled in the report include Armacell International Holding GmbH (Germany), Lydall Inc. (US), BASF SE (Germany), Cabot Corporation (US), Rochling Group (Germany), and Johns Manville Inc. (US).
The water-based adhesive market is expected to grow from USD 15.3 billion in 2018 to USD 20.2 billion by 2023, at a CAGR of 5.7% during the forecast period. The growth of several applications such as tapes & labels, paper & packaging, and woodworking is driving the demand for water-based adhesives.Major players operating in the water-based adhesive market include Henkel (Germany), H.B. Fuller (US), Arkema (Bostik) (France), and Sika (Switzerland).
The paper chemicals market is estimated to be USD 36.4 billion in 2018 and is projected to reach USD 40.2 billion by 2023, at a CAGR of 2.0% between 2018 and 2023. The growth in the production of packaging paper backed by the demand for paper-based packaging is expected to drive the paper chemicals market. Kemira Oyj (Finland), BASF (Germany), Solenis (US), Akzonobel N.V. (Netherlands), Ecolab (US), Ashland Inc. (US), Harima Chemicals Group (Japan), Buckman Laboratories International Inc. (US), Archroma (Switzerland), and Chemisphere Paper Technologies (South Africa) are the key players operating in the paper chemicals market.
The market for cable testing and certification is projected to grow from USD 11.3 billion in 2018 to USD 14.7 billion by 2023, at a compound annual growth rate (CAGR) of 5.4% during the forecast period. Cable testing and certification are widely used to verify the cable’s safety and efficiency. The growth of the cable testing and certification market is, therefore, directly associated with the growing demand for cables in the electrical & electronics, transportation, and energy generation & distribution applications.DEKRA (Germany), Underwriters Laboratories (US), British Approvals Service for Cables (UK), SGS (Switzerland), BRE Global (UK), TÜV Rheinland (Germany), Bureau Veritas (France), Intertek (UK), TÜV NORD GROUP (Germany), North Central Electric (US), RN Electronics (UK), TÜV SÜD (Germany), Eland Cables (UK), and Industrial Tests (US).
The fly ash market is estimated to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a CAGR of 6.0%. The fly ash market has been growing owing to the growth in the construction industry, increasing focus on infrastructure and road paving, problems related to dumping fly ash, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products.Key players in the market include Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (US), Charah Inc. (US), Separation Technologies LLC (US), Aggregate Industries (UK), FlyAshDirect (US), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India).
The battery packaging market is projected to grow from USD 20.6 billion in 2018 to USD 36.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period. The growth of the battery packaging market can be attributed to the increased consumption of batteries in the automotive, energy storage, and consumer electronics industries. Nefab Group (Sweden), United Parcel Service Inc. (US), DHL (Germany), Zarges Group (Germany), Heitkamp & Thumann Group (Germany), FedEx (US), Rogers Corporation (US), DS Smith (UK), Smurfit Kappa (Ireland), and Umicore (Belgium) are some of the leading players operating in the battery packaging market.
The hybrid composites market is projected to grow from USD 436 million in 2018 to USD 876 million by 2023, at a CAGR of 15.0% during the forecast period. The market is growing because of the high demand from the automotive & transportation, wind energy, and sporting goods end-use industries. Hybrid composite products are preferred as they can reduce the weight of the product and are stronger than metallic parts. The market witnessed strong growth in the past few years owing to the growing use in the US, Germany, China, Brazil, and Japan. Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Teijin Limited (Japan), General Electric (US), Exel Composites (Finland), Innegra Technologies, LLC (US), Solvay (Belgium), and PlastiComp, Inc. (US) are some of the key players in the hybrid composites market.
The market for EPS is estimated to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The growing construction and packaging industries in developing countries is a major factor driving the EPS market. EPS is an innovative material that offers design and structural integrity to many construction projects. Major vendors in the EPS market include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands).
The market size of MMA adhesives is estimated at USD 1.09 billion in 2018 and is projected to reach USD 1.56 billion by 2023, at a CAGR of 7.5%. The high demand from the automotive & transportation industry in emerging countries is leading to the increasing consumption of MMA adhesives.The key players profiled in this report include Illinois Tool Works Inc. (US), Arkema (France), SCIGRIP (UK), Scott Bader (UK), Lord Corporation (US), Henkel (Germany), Permabond LLC (US), Parsons Adhesive Inc. (US), Huntsman Corporation (US), and 3M (US).
MarketsandMarkets projects that the washable markers market size will grow from USD 425.5 million in 2018 to USD 507.0 million by 2023, at a CAGR of 3.57%. The washable markers market is expected to witness high growth as a result of the increasing number of school-going children coupled with the rising disposable income of households, owing to which parents are spending more on children’s education and on creative expression products.The global market for washable markers is dominated by players such as Crayola LLC (US), Faber-Castell (Germany), F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A (Italy), BIC Group (France), Newell Brands (US), Carioca S.p.a (US), Liqui-Mark (US), Stabilo International GMBH (Germany), Dri Mark Products Inc. (US), and Luxor Group (India).
The market size of gas treatment was USD 3.76 billion in 2018 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023. The gas treatment are used in the removal of hydrogen sulfide and carbon dioxide gases from the natural gas stream and from crude oil during refining stages. The increasing demand for natural gas in various regions will boost the demand for gas treatment application.Some of the key players in the gas treatment market are DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US). Investments & expansions was the major growth strategy adopted by the market players, between 2015 and 2018, to enhance their regional foothold and meet the growing demand for gas treatment in the emerging economies.
The friction materials market size is projected to grow from USD 44.65 million in 2018 to USD 57.04 million by 2023, at a CAGR of 5.0%. The market is driven by the rising demand for passenger and commercial vehicles, which leads to the growth of friction materials consumption in auto components.Akebono Brake Industry (Japan), Federal-Mogul Holdings (US), Miba (Austria), Fras-Le (Brazil), Nisshinbo Holdings (Japan), Aisin Seiki (Japan), Valeo Friction Materials India (India), Yantai Hi-Pad Brake Technology (China), and Carlisle Brake & Friction (US), among others.
The rubber process oil market is projected to grow from USD 1.91 billion in 2018 to USD 2.33 billion by 2023, at a CAGR of 4.1 %, from 2018 to 2023. The growth of the rubber process oil market can be attributed to the increased consumption of rubber process oils in the manufacturing of tires. Some of the leading players operating in the rubber process oil market include Royal Dutch Shell plc (Netherlands), Chevron Corporation (US), Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), and Hindustan Petroleum Corporation Limited (India).
The construction fabrics market size is projected to grow from USD 1.47 billion in 2018 to USD 2.26 billion by 2023, at a CAGR of 9.0%. Construction fabrics are polymer coated technical textiles which find extensive applications in tensile architecture in the construction industry. Construction fabrics are also called architectural membranes. They are durable, energy-efficient, and aesthetically superior products which offer flexibility to design engineers and architects to enhance architectural creativity.Sioen Industries NV (Belgium), Low & Bonar (UK), Satler AG (Austria), Taiyo Kogyo Corporation (Japan), Serge Ferrari (France), and Saint-Gobain (France), among others, are the key players operating in the construction fabrics market.
The PU films market is projected to grow from USD 449.0 million in 2018 to USD 688.6 million by 2023, at a CAGR of 8.9% during the forecast period. The growth of the PU films market can be attributed to the rising demand for luxury cars and premium passenger cars. PU films are mainly consumed for the paint protection application in the automotive industry. Covestro (Germany), 3M Company (US), SWM International (US), DingZing Advanced Materials (Taiwan), Avery Dennison (US), Coveris (US), MH&W International (US), PAR Group (UK), and RTP Company (US) are the leading players operating in the PU films market.