Within the yarn, fabric & textile category, MarketsandMarkets has expertise and intelligence on niche high growth areas such as high-performance and protective fabrics, which include aramid and modacrylic yarns. Our dedicated te ....see more
The synthetic leather market is expected to grow from USD 71.93 billion in 2024 to USD 93.25 billion by 2029, at a CAGR of 5.3% during the forecast period. Kuraray Co., Ltd. (Japan), San Fang Chemical Industry Co., Ltd. (Taiwan), Teijin Limited (Japan), Mayur Uniquoters Limited (India), Nan Ya Plastics Corporation (Taiwan), Filwel Co., Ltd. (Japan), and Zhejiang Hexin Holdings Co., Ltd. (China) are the key players in the global synthetic leather market.
The cooling fabrics market is expected to grow from USD 2.70 billion in 2024 to USD 4.08 billion by 2030, at a CAGR of 7.1% during the forecast period. The major players operating in the cooling fabrics market include Coolcore (US), Nan Ya Plastics Corporation (Taiwan), Ahlstrom (Finland), Nilit (Israel), Polartec (US), Texray Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Everest Textile Co., Ltd. (Taiwan), Nanotex (US), Burlington (US), Libolon (Taiwan), Columbia Sportswear Company (US) and others.
The automotive fabrics market is expected to grow from USD 40.5 billion in 2024 to USD 51.4 billion by 2029, at a CAGR of 4.9% during the forecast period. The key players profiled in the report include Autoliv Inc, (Sweden), Lear Corporation (US), Toray Industries (Tokyo), Hyosung Corporation (South Korea), Teijin Limited (Japan), Indorama Ventures Public Company (Thailand), Asahi Kasei Corporation (Japan), Toyobo Co., Ltd (Japan), Toyota Boshoku Corporation (Japan), SEIREN Co. Ltd. (Japan), and Suminoe Textile Co., Ltd. (Japan) and others.
The carbon & graphite felt market is expected to grow from USD 551 million in 2024 to USD 871 million by 2029, at a CAGR of 9.6% during the forecast period. Prominent companies in the carbon & graphite felt market include SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Morgan Advanced Materials Plc (UK), Beijing Great Wall Co., Ltd. (China), Mersen (France), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China).
The industrial absorbents market is expected to grow from USD 4.3 billion in 2023 to USD 5.2 billion by 2028, at a CAGR of 4.0% during the forecast period. Some of the leading manufacturers of industrial absorbents profiled in this report are 3M Company (US), Brady Corporation (US), Decorus Europe Ltd. (UK), Johnson Matthey Plc (UK), Kimberly-Clark Professional (US), Meltblown Technologies Inc. (US), Monarch Green, Inc. (US), New Pig Corporation (US), and Oil-Dri Corporation of America (US).
The feminine hygiene products market is expected to grow from USD 24.6 billion in 2023 to USD 32.2 billion by 2028, at a CAGR of 5.5% during the forecast period. Johnson & Johnson (US), Procter & Gamble (US), Kimberly-Clark (US), Essity Aktiebolag (PUBL) (Sweden), Kao Corporation (Japan), Daio Paper Corporation (Japan), Unicharm Corporation (Japan), Premier FMCG (South Africa), Ontex (Belgium), Hengan International Group Company Ltd. (China), Drylock Technologies (Belgium), Natracare LLC (US), First Quality Enterprises, Inc. (US), Bingbing Paper Co., Ltd. (China), TZMO SA (Poland), Redcliffe Hygiene Private Limited (India), The Keeper, Inc. (US), Diva International Inc. (Canada), Tosama (Slovenia), Lambi (Mexico), Cotton High Tech - Cohitech (South Africa), Edgewell Personal Care (US), Bostik (Spain), Corman (Italy) and Seventh Generation (US), among others are the key players operating in the feminine hygiene products market.
The personal protective equipment market is expected to grow from USD 54.0 billion in 2023 to USD 69.4 billion by 2028, at a CAGR of 5.1% during the forecast period. The key market players identified in the report are Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), 3M Company (US), Ansell Limited (Australia), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), Radians Inc. (US), and MSA Safety Inc. (US).
The rubber coated fabric market is expected to grow from USD 6,357 million in 2023 to USD 7,787 million by 2028, at a CAGR of 4.1% during the forecast period. The major players operating in the rubber coated fabric market include Continental AG (Germany), Trelleborg AB (Sweden), Saint-Gobain S.A (France), Colmant Coated Fabrics (France), The Rubber Company (England), White Cross Rubber Products Limited (England), Caodetex S.A. (Argentina), Auburn Manufacturing, Inc. (US), Fothergill Group (England), Arville Textiles Limited (England), Zenith Rubber (India), Bobet Company (France), and others.
The agricultural textiles market is expected to grow from USD 15.9 billion in 2023 to USD 20.2 billion by 2028, at a CAGR of 4.8% during the forecast period. The key players operating in the market are Beaulieu Technical Textiles (Belgium), Belton industries (US), Hy-Tex (UK) Limited, Diatex SAS (France), and Garware Technical Fibres Limited (India).
The fire-resistant fabrics market is expected to grow from USD 3.5 billion in 2023 to USD 4.9 billion by 2028, at a CAGR of 6.6% during the forecast period. Major players operating in the fire-resistant fabrics market is DuPont de Nemours, Inc. (US), Teijin Ltd. (Japan), Royal TenCate N.V. (Netherlands), Kaneka Corporation (Japan), PBI Performance Products Inc. (US), Milliken & Company (US), Gun-Ei Chemical Industry Co., Ltd. (Japan), Huntsman Corporation (US), Lenzing AG (Austria), Solvay SA (Belgium), and W.L. Gore & Associates Inc. (US) among others.
The coated fabrics market is expected to grow from USD 23.7 billion in 2022 to USD 29.8 billion by 2028, at a CAGR of 3.9% during the forecast period. The key players profiled in the report include Continental AG (Germany), Trelleborg AB (Sweden), Serge Ferrari Group (France), Saint-Gobain S.A. (France), and Freudenberg Group (Germany).
The string wound filter materials market is expected to grow from USD 1.4 billion in 2020 to USD 1.7 billion by 2025, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.such as Coats (US), Johns Manville Corp (US), MMP Filtration (India), W. Barnet (Germany), SWM International (US)
The global textile recycling market size is projected to reach USD 9.4 billion by 2027 from USD 6.9 billion in 2022, at a CAGR of 6.4% during the forecast period. The key players in the textile recycling market include Lenzing AG (Austria), Birla Cellulose (India), HYOSUNG TNC (South Korea), Unifi, Inc. (US), and Patagonia, Inc. (US) among others.
The PTFE fabric market is projected to grow from USD 690.8 million in 2018 to USD 908.1 million by 2023, at a CAGR of 5.6% from 2018 to 2023. High demand for PTFE fabrics in the automotive industry, their growing consumption in the construction industry, and increasing consumption of composite fabrics for industrial applications are the key factors driving the growth of the PTFE fabric market across the globe. Taconic (US), FIBERFLON (Turkey), Saint-Gobain Performance Plastics (France), W. L. Gore & Associates, Inc. (US), Chukoh Chemical Industries (Japan), Daikin Industries (Japan), Sefar AG (Switzerland), Fothergill Group (UK), Birdair (US), and W.F. Lake Corp. (US) are some of the leading players operating in the PTFE fabric market.
The biomedical textiles market is expected to grow from USD 15.2 billion in 2022 to USD 20.7 billion by 2027, at a CAGR of 6.3% during the forecast period. Some of the key players in the global Biomedical textiles market are such as Royal DSM (Netherlands), Johnson & Johnson (US), Medtronic (US), Cardinal Health (US), Integra LifeSciences Corporation (US), Smith & Nephew (UK), Medline (US), Paul Hartmann AG (Germany), and BSN Medical (Germany).
The face mask market is expected to grow from USD 25.1 billion in 2022 to USD 3.0 billion by 2027, at a compound annual growth rate (CAGR) of 34.5% during the forecast period.The key players 3M Company (US), Honeywell International Inc. (US), Kimberly-Clark Corporation (US), Cardinal Health, Inc. (US), Owens & Minor, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Ambu A/S (Denmark), Cantel Medical Corp. (US), Shanghai Dasheng Health Products Manufacture Co., Ltd (China), Medline Industries, Inc. (US), Mölnlycke Health Care AB (Sweden), Foss Performance Materials, LLC (US), Prestige Ameritech (US), Makrite (Taiwan), CNTUS-SUNGJIN Co., Ltd. (South Korea), and Irema Ireland (Ireland)
The Smart diapers market is projected to reach USD 1,531 million by 2026, at a CAGR of 18.8 % during the forecast period. Some of the key players in the North American smart diapers market are Procter & Gamble (US), Kimberly-Clark (US), Vandrico Solutions Inc (Canada), ElderSens (US), and Smardii Inc. (US).
The antimicrobial textile market is expected to grow from USD 10.7 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 6.5% during the forecast period. Milliken & Company (US), PurThread Technologies (US), Trevira GmbH (Germany), Thai Acrylic Fiber Co. Ltd. (Thailand) and Vestagen Protective Technologies, Inc. (US), amongst others, are the key players operating in the antimicrobial textiles market.
The global Cellulose acetate market size is projected to reach USD 6.3 billion by 2026, at a CAGR of 4.7% during the projected period. The key players in the market include Eastman chemical Company (US), Solvay, Celanese Corporation (US), Daicel Corporation (Japan), China National Tobacco Corporation (China), Mitsubishi Chemical Holdings (Japan), Sichuan Push Acetati Co. Ltd. (China), Rayonier Advanced Materials Inc. (US), Acordis Cellulosic Fibers Co Ltd (Belgium), Sappi Limited (South Africa). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the cellulose acetate market.
The global Textile Chemicals Market is projected to reach USD 33.1 billion by 2026, at a CAGR of 4.6%. Textile chemicals is a diversified and competitive market with a large number of global players and few regional and local players. Dow, Inc. (US), BASF SE (Germany), Wacker Chemie AG(Germany), Huntsman Corporation(US), Solvay (Belgium) are some of the key players in the market.
The global Silicone fabrics market size is projected to reach USD 5.5 billion by 2026, at a CAGR of 6.8% during the projected period. The silicon coated market is dominated by large players, such as Elkem (US), 3M Company (US), Auburn Manufacturing Inc. (US), Nott Company( US), Mid-Mountain Materials, Inc (US), Newtex Industries, Inc (US), Precision Coating & Coated Fabrics (US) Trelleborg AB (Sweden), COMPAGNIE DE SAINT-GOBAIN S.A. (France), and Serge Ferrari Group (France).
The Steel Wire Rope & Plastic Rope Market is expected to grow from USD 11.9 billion in 2021 to USD 17.5 billion by 2026, at a CAGR of 8.0% during the forecast period. The key players in the steel wire rope & plastic rope market include Cortland Limited (US), WireCo WorldGroup Inc., (US), Samson Rope Technologies (US), Southern Ropes (South Africa) and English Braids Ltd. (UK), are some of the key players in the steel wire rope & plastic rope market. Marlow Ropes (UK), Teufelberger Holding AG (Austria), Bekaert SA (Belgium), Usha Martin (India) and Gustav Wolf (Germany) are among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the steel wire rope & plastic rope market. These players have taken different organic and inorganic developmental strategies over the past five years.
The global technical textile market is expected to grow from USD 164.6 billion in 2020 to USD 222.4 billion by 2025, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.Asahi Kasei (Japan), Kimberly Clarke (US), Berry Global Group (US), DuPont (US), Mitsui Chemicals (Japan), Freudenberg & Co. (Germany), Low & Bonar (UK), Huntsman (US), Toyobo Co. (Japan), Milliken & Company (US), SRF Limited (India), Koninklijke Ten Cate (Netherlands), and International Textile Group (US).
The healthcare fabrics market is expected to grow from USD 16.8 billion in 2020 to USD 23.3 billion by 2025, at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The key market players profiled in the report include as Kimberly-Clark Corporation (US), Berry Global Group Inc. (US), Freudenberg Group (Germany), Ahlstrom Munksjo OYJ (Finland), Asahi Kasei Corporation (Japan), Knoll Inc. (US), Eximus Corporation (India), Paramount Tech Fab Industries (India), Carnegie Fabrics LLC (US), Avgol Industries 1953 Ltd. (Israel) among others.
The industrial fabric market is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025 at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The key players in the industrial fabric market include Forbo International SA (Switzerland), Ahlstrom-Munksjo (Finland), Habasit AG (Switzerland), Toray Industries Inc. (Japan), and ContiTech AG (Germany) are a few of the key players in the industrial fabric market. Cerex Advanced Fabrics, Inc. (France), W. Barnet GmbH & Co. Kg (US), Dupont (US), Johns Manville (India), Fitesa S.A. (Brazil), and G.R. Henderson Co. Textiles Ltd. (UK), and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
The Spunbond Nonwovens Market is expected to grow from USD 18.7 billion in 2020 to USD 23.8 billion by 2025, at a CAGR of 5.0% during the forecast period. Some of the leading players operating in the spunbond nonwovens market include Schouw & Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (US), Fitesa S.A. (US), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberly-Clark Corporation (US), Berry Global Group, Inc. (US), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (South Korea), DuPont de Nemours and Company (US), and Mogul (Turkey), among others.
The wood preservatives market size is expected to reach USD 1.7 billion by 2025, at a CAGR of 5.1% during the forecast period. Koppers (US), Lonza (Switzerland), Lanxess (Germany), Cabot Microelectronics (US), BASF Wolman (Germany), and Troy (US) are the leading wood preservatives manufacturers globally.
The global nonwoven - industrial membranes market size is projected to grow USD 1,663 million by 2025, at a CAGR of 5.72% from 2020 to 2025. Ahlstrom-Munksjo (Finland), Berry Global Inc. (US), Glatfelter Company (US), Toray Industries (Japan), Freudenberg (Germany), 3M Company (US), Lydall Inc. (US), and TWE Group (Germany) are the key players operating in the nonwoven - industrial membranes market. Acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the nonwoven - industrial membranes market.
The protective clothing market is expected to grow USD 12.3 billion by 2025, at a CAGR of 6.9% during the forecasting period. The key market players profiled in the report include as 3M Company (US), E.I. du Pont de Nemours and Company (US), Ansell Limited (US), Kimberly Clark Corp (US), Teijin Limited (Japan), Sioen Industries (Belgium), and Lakeland Industries, Inc. (US).
The polymer coated fabrics market size is expected to grow USD 20.1 billion by 2024, at a CAGR of 4.3% during the forecasting period. The key market players profiled in the report include Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US).
The liquid filtration market is expected to grow from USD 2.1 billion in 2019 to USD 2.9 billion by 2024, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The major vendors in the liquid filtration market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Kimberly-Clark Corporation (US), Freudenberg Filtration Technologies (Germany), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns Manville (US), Sefar AG (Switzerland), 3M (US), American Fabric Filter (US), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (US), Eagle Nonwovens Inc. (US), G. Bopp + Co. AG (Switzerland), GKD (Germany), Kavon Filter Products Co. (US), MANN+HUMMEL (Germany), Norafin Industries (Germany), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (US), TWE Group (Germany), and Yingkaimo Metal Net Co. (China).
The disposable protective clothing market is expected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The key market players profiled in the report include as 3M Company (US), Du Pont de Nemours and Company (US), Kimberly Clark Corp (US), International Enviroguard (US), Derekduck Industries Corp. (Taiwan), and Lakeland Industries, Inc. (US).
The fabric filters market is expected to grow from USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a compound annual growth rate (CAGR) of 6.4% during the forecast period. The major vendors in the fabric filters market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Freudenberg Filtration Technologies (Germany), Kimberly-Clark (US), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns Manville (US), Sefar AG (Switzerland), 3M(US), American Fabric Filter (US), APC Filtration (Canada), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (Ireland), Eagle Nonwovens Inc. (US), Irema Ireland (Ireland), MANN+HUMMEL (Germany), Norafin Industries (Germany), Nordic Air Filtration (Denmark), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (Georgia), and TWE group (Germany).
The geotextile tubes market is expected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.Some of the leading players in the global geotextile tubes market include Ace Geosynthetics (Taiwan), Officine Maccaferri (Italy), Low & Bonar (UK), Flexituff Ventures International Limited (India), TechFab India Industries Ltd (India), Geofabrics Australasia Pty Ltd (Australia), Koninklijke TenCate (Netherlands), NAUE GmbH & Co. KG (Germany), Huesker (Germany), Fibertex Nonwovens (Denmark), among various others
The tire cord fabrics market size is estimated to be USD 4.9 billion in 2018 and is projected reach USD 6.4 billion by 2023, at a CAGR of 5.59% between 2018 and 2023. The increased vehicle demand, especially light-duty vehicles, around the globe has increased the global vehicle production in the past few years. Subsequently, with the growing vehicle sales, there is an increase in vehicle parc. These factors have indirectly fueled the global tire cord fabrics market. APAC is the key market for tire cord fabrics, globally, followed by Europe and North America. The growing demand for eco-friendly tire cord fabrics is expected to provide opportunities for the market.Indorama Ventures Company Limited (Thailand), Kolon Industries Inc. (South Korea), Hyosung Corporation (South Korea), SRF Limited (India), Kordsa Teknik Tekstil A.S. (Turkey), Teijin Limited (Japan), and Toray Industries Inc. (Japan).
The textile films market size is estimated to be USD 4.5 billion in 2018 and is projected to reach USD 6.2 billion by 2023, at a CAGR of 6.6%. The growing demand for quality hygiene products and rising awareness about maintaining proper feminine and child hygiene are expected to drive the market between 2018 and 2023. In addition, growing athleisure trend and rapid urbanization are likely to propel the textile films market in the next five years.RKW Group (Germany), Covestro (Germany), Berry Global (US), Mitsui Hygiene (Thailand), Arkema (France), SWM International (US), and Toray Industries (Japan) are the key players operating in the textile films market.
The industrial filters market size is expected to grow from USD 2.7 billion in 2018 to USD 3.7 billion by 2023, at a CAGR of 6.2% during the forecast period. Growing industrialization and urbanization is a major factor driving the industrial filters market. The requirement of a safe working environment in industrial facilities is also driving the demand for industrial filters.Valmet Corporation (Finland), Lydall Inc. (US), 3M (US), Ahlstrom-Munksjo (Finland), Clear Edge Filtration Group (US), Nordic Air Filtration (Denmark), Fibertex Nonwoven (Denmark), Sefar AG (Switzerland), Freudenberg Filtration Technologies (Germany), and Sandler AG (Germany).
The market size of elastomer coated fabrics is estimated to reach USD 9.67 Billion in 2017 and is projected to reach USD 11.85 Billion by 2022, at a CAGR of 4.16% from 2017 to 2022. The global elastomer coated fabrics market is driven by increased demand from end-use applications in such as transportation, protective clothing, industrial, furniture & seating, and roofing, awnings & canopies, and others. Key players operating in the elastomer coated fabrics market include OMNOVA Solutions (US), Trelleborg (Sweden), Saint-Gobain (France), Takata (Japan), Continental AG (Germany), Serge Ferrari (France), Sioen Industries (Belgium), Spradling International (US), Low & Bonar (London), Seaman Corporation (US), and SRF Limited (India).
The geotextile market is expected to be valued at USD 5.76 Billion in 2017 and is likely to reach USD 9.35 Billion by 2022, at a CAGR of 10.2% from 2017 to 2022. Growing consumption of bio-based geotextiles and rising investments in nonwoven geotextile are some of the key opportunities for the geotextile industry. Some of the leading players operating in the geotextile market include Koninklijke TenCate (Netherlands), Low & Bonar (UK), Fibertex Nonwovens (Denmark), Thrace Group (Greece), Huesker (Germany), Berry Global (US), DuPont (US), Strata Systems (US), Leggett & Platt (US), Officine Maccaferri (Italy), GSE Environmental (US), Kaytech (South Africa), Mattex (Saudi Arabia), NAUE (Germany), Propex Operating Company (US), Carthage Mills (US), and Asahi Kasei Advance Corporation (Japan), among others.
The silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021. Silk is witnessing increase in demand in the Asia-Pacific region, mainly in China. Asia-Pacific is the largest producer of raw silk with easy availability of raw materials in the region. Silk finds application majorly in the textile industry. Increasing demand for silk from the textile industry has promoted the usage of silk. Furthermore, technological advancements in the sericulture industry are expected to drive the silk market.
The global conductive textiles market was valued at USD 1.02 Billion in 2016 and is projected to reach USD 2.11 Billion by 2021, at a CAGR of 15.6% from 2016 to 2012. The development of conductive fabrics using graphene inks and the increasing usage of conductive textiles in wearable fitness and medical devices are providing lucrative growth opportunities to manufacturers of conductive textiles.
Top 10 fabrics are used in various industrial sectors such as building & construction, automobile, electricals & electronics, medical, and personal care. The top 10 fabrics market has been segmented into various markets such as, antimicrobial textiles, polymer coated fabrics Polytetrafluoroethylene (PTFE) fabrics, and many more.
The global ceramic textile market size expected USD 132.5 Million by 2021 from USD 74.5 Million in 2015, and is projected to register a CAGR of 9.94% in terms of value, between 2016 and 2015. High heat resistance capability of ceramic fibers in high temperature applications would drive the market. Emerging application industries, such as aerospace and alternate energy, would boost the ceramic textile market.
The global saturated polyester resin market is projected to reach USD 4.77 Billion by 2021, registering a CAGR of 5.83% from 2016 to 2021. The market is witnessing moderate growth owing to increasing applications, technological advancements, and growing demand for these resins in the Asia-Pacific and Europe. Saturated polyester resins are largely used in powder coating applications. The rapid growth of the market is driven by environmental concerns and increasingly stringent regulations.
The Epoxy market is estimated to grow from USD 7.52 billion in 2015 to USD 9.96 billion by 2020, at a CAGR of 5.8% between 2015 and 2020. Huge investments by end-use industries such as wind energy, transportation, and increasing infrastructural development projects in the emerging economies are also driving the market. The emerging middle class population of China, India, and Brazil; changing life style; and improving standard of living of consumers depict the increasing demand for high quality epoxy products.
The waterborne UV curable resins market recorded a market size of USD 122.2 Million in 2015, and is projected to reach USD 230.3 Million by 2020, growing at a CAGR of 13.52% from 2015 to 2020. The waterborne UV curable resins industry is witnessing high growth on account of increasing applications, technological advancements, and growing demand of waterborne UV curable resins in the European and North American regions. Waterborne UV curable resins are largely used in wood coating applications. The rapid growth of the waterborne UV curable resins market is driven by environmental concerns and increasingly stringent regulations.
The global high performance foam market has witnessed a good growth in the past few years and this growth is estimated to increase in the coming years. High performance foam has certain unique properties such as excellent recoverability from repeated shocks and deformations and ability to maintain dimensional stability after getting exposed to shock, impact, and extreme temperature. Because of these physical characteristics, the demand for high performance foam is growing and is finding application in various industries. The global market value of the high performance foam is projected to reach USD 2,026.24 million by 2020, registering a CAGR of 9.9% between 2015 and 2020.
Structural foams are thermoplastic products that have a cellular foamed core with a solid skin surrounding the core. It is generally developed through a form of injection molding (structural foam molding) process using a chemical blowing agent or inert gas such as nitrogen and carbon dioxide. While structural foam molding usually employs a low pressure process with injection pressure, generally ranging from 3,000 to 6,000 PSI, high pressure injection is also used to mold structural foams. The major input materials used for manufacturing structural foam are polypropylene, polyethylene, polystyrene, and polyurethane among others. Structural foam is significantly lighter than solid plastic products, having a high strength-to-weight ratio and low-cost tooling. The structural foam market is projected to reach $31.9 Billion by 2020, signifying firm annualized growth of ~6% between 2015 and 2020.