Mining Lubricant Market Outlook - Surging demand in Asia-Pacific Augmenting Market Growth

Mining Lubricant Market

Asia Pacific is a major hub for the coal and iron ore mining industries. The major developing infrastructure and growing construction activities has enabled the significant need of these minerals, which in turn is leading to the need of mining lubricants. Australia and China are one of the largest producers of iron ore and bauxite. The mining lubricant market is totally dependent on the mining industry of these countries. Asia Pacific was the largest market for the mining lubricants in 2016. This in turn markets it an attractive market for mining lubricants. Increased mining to achieve energy and mineral resource for enhancing self-sufficiency ability are the major drivers behind this trend.

The downturn in mining related investments in South Africa due to the stringent government regulations adversely affected the mining lubricant industry in the country. Rising costs, labor unrest, and a decrease in commodity prices, has resulted in reduced profit margins from mining projects discouraging new announcements.

Furthermore, the companies are adopting various organic and inorganic growth strategies for sustaining their market position in the mining lubricants market. For instance, in 2017, the Carmichael Coal Mining project in Australia by Adani Group is the largest orders placed, valued at US$ 2.6 billion with Downer Mining for the construction and operation of Carmichael mine. Some of the major companies operating in the mining lubricant market are Royal Dutch Shell Plc, ExxonMobil Corporation, BP Plc., Chevron Corporation, Total S.A., LUKOIL, Idemitsu Kosan Co., Ltd., Fuchs Petrolub SE, PetroChina Company Limited, Quaker Chemical Corporation, Sinopec Limited, Bel-Ray Company, LLC, Whitmore Manufacturing, Schaeffer Manufacturing Co Ltd., and Kluber Lubrication.

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Mining lubricants are available in various viscosities for different equipment function. Different lubricant are used in different equipment. The load on the equipment are different for surface mining and underground mining. Surface mining is preferred when the ores are located close to the surface of the earth. In underground mining, a hole is drilled to get the ore onto the surface, so more machinery are used for which more lubricants are required.

Depending on specific machine, application, operating condition and environment the mining lubricants are used. The mineral oil is better soluble with additives and it has high compatibility with seal and has lower cost. The synthetic lubricant are used at extreme environmental conditions and has higher cost than mineral oil. Furthermore, due to stringent environmental regulations and degradable property of bio lubricants, they are gaining preference over other lubricants.

Increased demand from construction industry for steel has resulted in increased iron mining. Countries such as India and China do not have oil and gas industry on scale as large as Middle East. Hence they are dependent on coal for domestic energy needs.

Sodium Metabisulfite Market Outlook – Increasing Application the Food Industry to be the Major Market Driver

Sodium Metabisulfite Market

Sodium metabisulfite is used in wines and beers, as it acts as both a sterilizer and an antioxidant in the process of fermenting wine or brewing beer. It is extensively used in the water treatment industry for purification of water, cleaning water pipes and in reverse osmosis membranes for desalinization equipment owing to its antibacterial property. In the pharmaceuticals industry, sodium metabisulfite is used as an antioxidant additive in injectable medicines and also as a reducing agent in pharmaceuticals.

Sodium Metabisulfite Market Outlook – Increasing Application the Food Industry to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for sodium metabisulfite manufacturers. Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing food industry coupled with increasing population has boosted the growth of sodium metabisulfite market in the region. This trend is expected to be followed over the forecast period. According to U.S. Department of Agriculture Economic Research service, the U.S. food and beverage manufacturing industry employed over 1.5 million people in 2015. Over 34,000 food and beverage manufacturing plants are present throughout the region. According to IBEF India, the Indian Personal care products market is expected to reach total revenue of US$ 20 billion by the end of 2025. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.

Extensive use of sodium metabisulfite in food industry has boosted the growth of sodium bisulfite market, especially in Asia Pacific and Middle East regions. Product plant expansion, developing innovative portfolio are some of the key strategies adopted by the top players in the global sodium metabisulfite market. In 2011, Aditya Birla Chemicals acquired its major competitor, the Chloro Chemicals Division of Kanoria Chemicals based in Renukoot. This will enhance the portfolio of the Aditya Birla Chemicals Business. With this acquisition, the Aditya Birla Chemicals Business ranks as one of the leading players in the chlor-alkali segment in India and has added 129,000 TPA to the existing caustic manufacturing capacity of 105,000 TPA. Some of the major companies operating in the global sodium metabisulfite market include BASF SE, Shandong Kailong Chemical Technology Development Co. Ltd, Solvay, Aditya Birla Chemicals, The Dow Chemical Company, Evonik Industries, Arkema, Qingdao Tianya Chemical Co., Ltd, Hans Chemicals Pvt. Ltd. and Ultramarine India Pvt. Ltd,

 
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Asia Pacific, Followed by Europe and North America, Respectively Accounted for Major Share in the Global Flexographic Printing Inks Market

Flexographic Printing Inks Market

Regional Insights

Asia Pacific, followed by Europe and North America, respectively accounted for major share in the global flexographic printing inks market both in terms of revenue and volume in 2016 and are projected to retain their dominance in the market over the forecast period. In 2016, Asia Pacific held a share of 39.2% in terms of volume, followed by Europe (25.4%). The growing demand for corrugated container in Asia Pacific due to extensive use in packaging of goods such as cosmetics, food products, beverages, hazardous chemicals, pharmaceuticals and other materials in turn creates a highly favorable environment for growth of the global flexographic printing inks market. 

These packaging finds large applications due to its light weight, high durability, high strength, cost effectiveness, appealing aesthetic value and recyclability. Moreover, growing e-commerce and retail sector around the world is also expected to fuel the demand for corrugated container, which in turn is increasing the global flexographic printing inks market in the following years. According to a study conducted by Coherent Market Insights, the global corrugated container market is expected to witness a CAGR of 5.0% from 2017 to 2025 which is expected to fuel growth of the global flexographic printing inks market. 

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future. For instance,

• 2016, Flint Group acquired Printec Industries Inc, located in Marietta, Georgia, U.S.
• 2015, Flint Group acquired Xeikon a leading digital solutions provider to the packaging and commercial printing markets

Major players in the global flexographic printing inks market include Flint Group, Siegwerk Druckfarben AG & Co., Huber Group, Sun Chemical Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG., INX International Ink Co, Toyo Ink SC Holdings Co, ALTANA AG and XSYS Print Solutions (Shanghai) Ltd. among others.

 
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Flexographic printing process involves dyestuff as colorants for printing applications. Growing preferences among consumer for flexible & colorful packaging and technological advancements in printing techniques coupled with high quality printing inks with low VOC content is expected to boost growth of the flexographic printing inks market. Major players in the market focus on new product development and integrating new technologies in existing product portfolio to meet rising demand of its customer base. For instance, on May 01, 2017, Sun Chemical introduced new high performance UV Flexo Inks during Label Summit in Latin America 2017.

UV-cured inks market is projected to witness the highest growth during 2017-2025. According to the stats provided by Coherent Market Insights, the UV cured inks market is expected to witness a CAGR of 6.1% in terms of value. Favorable government regulations, owing to rising safety standards of packaged food is in turn surging demand for UV cured inks. UV cured inks also find wide application in various end-use industries such as pharmaceuticals, consumer goods, printing and publication due to its high durability, zero volatile organic compound, and superior adhesion properties.

The global flexographic printing inks market size was valued at US$ 6.57 Billion (revenue) and 1,611.4 Kilo Tons (volume) in 2016 and is expected to expand at a CAGR of 5.6% in terms of revenue and 4.4% in terms of volume during 2017 – 2025. 

The Global High Purity Alumina Market Size Is Expected to Expand at a Cagr of 16.3% in Terms of Revenue During the Period 2017 – 2025.

High Purity Alumina Marke

Plummeting costs of LEDs and increasing consumer shift towards replacing incandescent lights with LED lights, owing to their high energy efficiency and low carbon emissions is in turn expected to create highly lucrative growth prospects for the global high purity alumina market throughout the forecast period (2017–2025). Artificial sapphire is used as a substrate in production of LEDs, onto which the emitting layer of the LED is deposited as a vapor. Artificial sapphire is derived from high purity alumina by single crystal technology. 

As per stats released by Coherent Market Insights, the 4N purity segment was pegged at US$ 744 million in 2016. 99.99% purity level the 4N grade alumina is widely used, due to easier availability of smelter grade and low production cost. The 4N grade high purity alumina is widely used in gas separation and ultra-filtration process due to its high chemical resistance, porous nature, and mechanical strength. Moreover, demand for 5N grade high purity alumina is expected to witness significant growth during the forecast period as it finds wide application in scratch-proof sapphire glass and high end electronic displays. The market is expected to gain traction in Asia Pacific region due to burgeoning growth of various end-use industries in China, Taiwan, South Korea and India.

The global high purity alumina market size was valued at US$ 1764.9 million (revenue) and is expected to expand at a CAGR of 16.3% in terms of revenue during the period 2017 – 2025.

Surging demand for Electronic Displays Augmenting Market Growth

Asia Pacific has emerged as a major manufacturing hub, with major players focusing on capitalizing on economies of scale in the region. Furthermore, the region is a highly lucrative market for consumer electronic products, on the back of rampant economic growth in countries such as India and China. Besides, as per statistics released by India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the country is poised to emerge as the second-largest market for smartphones in 2017. According to stats released by Coherent Market Insights, the electronic display market is projected to exhibit a robust CAGR of 16.9% during 2017-2025. These factors collectively position Asia Pacific as a powerhouse in the global high purity alumina market, and is expected to retain its dominance in the market through 2025.

Cost Reduction: A Major Challenge for Market Players

High purity alumina is a highly capital intensive market, which makes it difficult for new players to enter into the market. The cost of end products will be high and profitability will be low if the production costs are high. Therefore, the market is highly consolidated and the, market is dominated by major players based in Australia and China due to large bauxite reserves, which is the basic raw material required for the production of high purity alumina, in these economies.

Major players in the global high purity alumina market include Altech Chemicals Limited, Baikowski Pure Solutions, Nippon Light Metal, Polar Sapphire Ltd., Sumitomo Chemical Co. Ltd., Orbite Technologies Inc., and Alcoa Inc. and among others.

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Oilfield Stimulation Chemicals Market Shares, Strategies and Forecasts, Analysis and Overview

      

     Oilfield Stimulation Chemicals Marke

The process of oilfield stimulation is primarily used for recovery and improvement in the flow of hydrocarbons from drilling wells. With advancements in technology and innovations in chemical industry, oilfield stimulation process has become extremely less cumbersome. Various chemicals are applied for different processes of oil extraction, such as biocides, water control polymers, acids, gelling agents/viscosities, corrosion inhibitors, friction reducers, breaker, and iron control agents. Among these, gelling agents are the most widely used oilfield stimulation chemicals. The technique of acid stimulation is frequently adopted in oil extraction for the purpose of cleaning the existing ruptures by the process of dissolving filling materials such as drilling mud or secondary minerals and molding them for efficient removal. Problems arising before or during oil extraction procedure can be solved by oilfield stimulation chemicals. It reduces energy consumption during fracturing and reduces consumption of water. Acid treatment technique is used in bearing rock formations for many years to maintain or increase the rate of flow of oil from production wells. Owing to its vast usage in oilfields, stimulation chemicals market is expected to witness robust growth in the near future. As per stats released by the International Energy Agency (IEA), as of 2016, average global demand for oil and liquid fuels was pegged at 35 billion barrels annually.

Global oilfield stimulation chemicals market is majorly driven by increasing application of chemicals in deeper penetration into the earth’s crust and exploring new oil basins, especially under the sea. Oilfield stimulation chemicals is regarded as an essential element of oil extraction and thus, the market is expected to witness steady growth in the foreseeable future. Owing to various advantages of oilfield stimulation chemicals such as reduction in consumption of water and low energy consumption during fracturing process, the global oilfield stimulation chemicals industry is projected gain traction during the forecast period. Moreover increasing production of crude oil is also a major factor contributing to the increased growth of global oilfields stimulation chemicals market. Increasing demand for well stimulation processes offer a major boost to the global market.

Market Outlook- Asia pacific is expected to be the most lucrative region for the key players operating in the global oilfield stimulation chemicals market

The geographical segmentation for the global oilfield stimulation chemicals market includes North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

North America holds the largest market share in the global oilfield stimulation chemicals market owing to the major demand generated by countries such as the U.S. and Canada. In Asia Pacific major demand is witnessed in countries such as China, India, Indonesia, South Korea, and Malaysia. Due to the heavy oilfield stimulation activities in the Asia-Pacific region, it is expected to be the fastest growing region during the future years. Moreover, a significant growth is witnessed in Europe owing to the major market in countries such as U.K., France, Mexico, Poland, Germany, Vietnam, and Brazil. Increasing oil production by OPEC further creates a highly conducive environment for growth of the market.

Global players operating in the oilfield stimulation chemicals market include BASF, Dow Chemicals, Chevron Philips Chemical Company, Du Pont, Baker Hughes Inc., AkzoNobel N.V., Ashland Inc., Solvay SA., Flotek Industries Inc., Clariant AG, and Schlumberger Limited.

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Oilfield Chemicals Market Share, Growth, Outlook to 2026

Oilfield Chemicals

Oilfield chemicals find major application in the exploration of natural gas and at various levels of oil & gas production process. Oilfield chemicals are used as corrosion inhibitors, emulsion breakers, cementing super plasticizers, paraffin dispersants, and drilling additives, among others. Oilfield chemicals market continues to witness strong growth as it has led to cost-effective extraction, exploration, and production of oil and natural gas. Oilfield chemicals are regarded as the essential fossil fuel elements as it helps in a feasible way of drilling reservoirs of gas or oil in various terrains along with the easy extraction of abundant fossil fuels until the amount of recovered fuel becomes too expensive to continue.

With the increase in dependency on oil & gas industries, owing to increased domestic oil consumption, upsurge in vehicle parc, growing attention towards building deep sea oil reserves, increased usage of diesel for irrigation purposes due to the weather fluctuations and irregularities of monsoon along with rising air traffic are expected to fuel growth of the global oilfield chemicals market. Oilfield chemicals find major application in drilling activities, owing to increasing need to improve and enhance the efficiency and productivity of drilling operations. For instance, oilfield chemicals are highly used in ensuring protection of the drilling equipment and pipes from corrosion by segregating the oil and water from oil which usually blend together.

Most of the oil produced in oilfields has excessive amount of water, which blends in with oil which can lead to corrosion. With an aim to reduce corrosion of pipelines, oil is separated from water through the usage of demulsifiers. Pipeline corrosion in oilfield lead to inefficiency of the oil production. Therefore, corrosion inhibitors are used which work in reaction with corrosion agents such as oxygen to inactivate them. Demulsifiers and corrosion inhibitors are very essential in oilfields as they protect the drilling equipment, containers and pipelines from damages, leakages, and corrosions.

Oilfield Chemicals Market Outlook - North America is expected to be the most lucrative region for key players

The regional coverage for global oilfield chemicals market include North America, Europe, Asia Pacific and Rest of the World. Rapid growth in the gas and oil production activities in North America represents the highest market share for oilfield chemicals industry. Exploration and production activity has surged 12% and as reported by The North Dakota Industrial Commission since OPEC's agreement, oil and gas operators will be shifting from running minimum number of rigs to incremental increases throughout 2017, so long as oil prices remain above US$ 50 per barrel.

Major players operating in the global oilfield chemical market include Baker Hughes, Akzo Nobel NV, Elementis Plc., NALCO Champion, Newpak Resources Inc., The Lubrizol Corporation, Halliburton Company, Solvay SA and others.

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Smart Coatings Market Size to 2026 Analysis by Applications and Types

Smart coatings are specially designed films that have predefined characteristics, which enable them to sense and respond to various external and internal situations. Smart coatings are manufactured from programmable materials with various physical, chemical, mechanical, and electrical properties. These materials have the ability to respond to variations in light, pressure, heat, and chemical factors. Smart coatings are also used in the transportation industry as anti-biofouling agents, which results in prolonged asset life, reduced corrosion damage, and reduced maintenance costs.

Increasing demand for customization in sensing and repair abilities has led to the growth of smart coatings market in military and automotive industry. Smart coatings can improve a system’s efficiency by reducing inspection time, equipment downtime and maintenance costs. The outcomes of using smart coating also include a reduced necessity for maintenance of corroded areas coupled with prolonging the life of components and assemblies prepared from corrosive materials.

In healthcare industry, smart coatings are used as microbial coatings for preventing diseases. Anti-corrosion coatings are used in sensing causes of corrosion and inhibiting corrosion. This is achieved by enabling pH activated release of self-healing capability and triggering multifunctional microcapsules in smart coatings. Self-healing coatings are used in the aerospace and automotive industry to repair scratches and detect damages in engines. Smart coatings are also used in cellphones and computers for protection against scratches and improving the resistance against chemical effects and dirt. In healthcare industry smart coatings are used in drug delivery agents.

Smart Coatings Market Outlook – Requisite for Robust Materials for Artificial Intelligence Expected to Boost Demand

Increasing demand for improved products in the automotive, military, and aerospace industry is one of the major factors boosting growth of the smart coatings market. Asia Pacific is one of the major contributors in the smart coatings market globally. This is mainly attributed to the booming automotive industry and increasing investments in defense activities in emerging economies such as India and China. The total defense budget of India was US$ 34.53 billion, and government initiatives such as ‘Make in India’ is expected to fuel growth of manufacturing units in the country. The defense manufacturing unit of make in India has numerous foreign investors such as Airbus, Pilatus, BAE India Systems, Raytheon, Lockheed Martin, Boeing India, Israel Aerospace Industries, Rafael Advanced Defense Systems Ltd., and Dassault Aviation SA.

High price is one of the restraining factors for the smart coatings market globally. Developing a wide array of products to meet the current demand is one of the key strategies adopted by the major market players in the smart coatings industry. Research and development is carried on to manufacture smart coatings, which is expected to generate protectable intellectual property (IP), and this is projected to increase the area of application of smart coating. Smart coatings are also being developed for application as oil-filtering materials to provide complete separation of oil and water in an oil rig. Some of the companies operating in the global smart coatings market are Balcony Systems Solutions Ltd, Nanoshell, Research Frontiers, Inc., New Energy technologies, Cima Nano tech., Ancatt Inc., and Debiotech SA.

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Elastomeric Coating Market

Elastomeric coatings have received increased acceptance amongst various end users due to properties such as enhanced durability and resistance to temperature variations unlike conventional paints. Elastomeric coatings are also used to coat the surface of plastic parts used in the automotive industry. Elastomeric coatings can also be applied on metals such as steel, which has a hydrophilic nature and if left unprotected can eventually leads to corrosion. Elastomeric coatings are also applied on roofs to provide cooling effect and protect concrete roofs from damage due to varying climatic conditions.

Elastomeric Coating Market Outlook – Burgeoning demand for Waterproof and Durable Coatings to support Flourishing Construction Sector

Asia Pacific is expected to be the most potential market for elastomeric coating manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Growing population coupled with rapidly increasing construction and automotive industries is expected to fuel demand for elastomeric coatings in the region. This trend is expected to sustain over the forecast period. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—by the end of FY20 the Indian construction industry is expected to reach a value of US$ 5 billion. Increasing demand for high quality and sustainable structures is increasing consumption of elastomeric coatings. Rapid growth of the construction industry in Asia Pacific is a key driver for the market.

Fluctuating prices of raw materials is expected to be one of the restraining factors for the growth of elastomeric coating market over the forecast period. Coating resin used for manufacturing elastomeric coating is derived from petroleum products, something that is subject to high price volatility. Volatile Organic Compounds (VOC) regulations govern the elastomeric coatings market. The National Volatile Organic Compounds Emissions standards enforced by the According to U.S. Environmental Protection Agency aims to reduce VOC emissions by 90,000 tons per year in order to reduce environmental impact. To reduce VOC content in Hong Kong, the government has passed many regulations to prohibit import and manufacture of products which exceed the VOC content limit. Continuous research and development to find alternatives to raw materials such as use of vegetables oils and production methods to reduce VOC emissions is one of the key strategies adopted by the top players in elastomeric coating industry. Some of the companies operating in the global elastomeric coating market are BASF SE, Progressive Paintings Inc., The Dow Chemical Company, Sherwin Williams Company, PPG Industries Inc., Industria Chimica Adriatica SpA, Nippon Paints, Clariant, The Valspar Corporation, and Rodda Paints, among others.

Elastomeric Coating Market Taxonomy

On the basis of type of product type global market is classified into:

• Silicone
• Butyl
• Polyurethane
• Acrylic

On the basis of application, the global market is segmented into:

• Wall coatings
• Horizontal surface coatings
• Roof coatings

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Dyes and Pigments Market Share, Market Size, Market Trends and Analysis 2026

Dyes and Pigments Market

Dyes and pigments are colorants extensively used in the printing, textile, and automotive industries. Dyes are ionizing and aromatic compounds that show affinity towards the surface they are applied to. Color modifiers such as methyl and ethyl groups are used to alter the color of dyes. Dyes are used as colorants for various polymers and textile dyeing applications, as well as in the biotechnology industry. Dyes are available in various forms such as granules, liquids, pastes, pellets, dry powders, and chips and serve various decorative, aesthetic, and artistic purposes.

Pigment is organic or inorganic powdered solid which is insoluble. Pigments offer excellent characteristics such as good baking stability, excellent solvent resistance, easily dispersible nature, high tinting strength, and consistent unique shades. Pigments are also used in paints that are used for decorative and protective coatings. These are also used in coloration of various plastics such as polyvinyl chloride (PVC), acrylonitrile-butadiene-styrene resins (ABS), urea-formaldehyde (U-F), nylons, and rubber.

Owing to the increasing application of dyes and pigments in various industries such as chemicals, textile, and automotive, the market for dyes and pigments is expected to witness growth over the forecast period (2017-2025)  

Dyes and Pigments Market Outlook – Growth of Textile Industry Expected to Amplify Demand

Dyes and pigments are extensively used in the textile and automotive industries. Growing automobile and textile industries are expected to increase the demand for dyes and pigments. Asia Pacific is expected to be a major contributor for growth of the dyes and pigments market. Rapidly growing textile industry in the emerging economies such as India and China is one of the major factors contributing to the growth of the market in the region. According to India Brand Equity Foundation (IBEF), during FY 2015-16, the textile industry in India employed around 40 million workers and exported textile products worth US$ 40 billion. This, in turn, has augmented growth of the dyes and pigments market in the region.

Increasing regulatory restrictions on production of dyes and pigments is expected to be one of the major factors restraining growth of the dyes and pigments market. The Environmental Protection Agency of the United States, has implemented regulations that enlist potential effects of waste generated from the production of azo, triarylmethane, and anthraquinone dye and pigment product classes.

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Expanding production, distribution, and research on improving properties of ecofriendly colorants are some of the key strategies adopted by top players in the global dyes and pigments industry. These dyes and pigments are usually used for coloring textiles, paper, plastics, leather, inks, paints/coatings, food, drugs, and cosmetics.

Some of the major companies operating in the dyes and pigments market are Clariant AG, BASF SE, DIC Corporation Kiri Industries Ltd., Atul Limited, Sudharshan Chemical Industries Limited, Huntsman Corporation, Kronos Worldwide, Inc., Lanxess AG, and Tronox Limited.

Specialty Polymers Market Applications, Types and Market Analysis to 2026

Specialty Polymers Market

Specialty polymers are polymer additives, which are used to enhance the ideal physical properties of polymers and enhance their performance. These chemicals are usually manufactured in small quantities and premium priced in comparison to commodity chemicals. Specialty polymers are classified under the segment of specialty chemicals. These chemicals are preferred over conventional polymers, as they possess specialized properties such as enhanced endurance limit, electrical insulation, thermal stability, and high heat, corrosion, and flame resistance.  Thus resulting in their wide scale usage as insulating materials in various applications.

Specialty polymers are used in various end-use industries such as automotive, electronics, marine, cosmetics, medical, aerospace, agriculture, and construction. The different kinds of polymers include electroluminescent polymers, conducting polymers, biodegradable polymers, liquid crystal polymers, polymer composites, and thermoplastic polymers. Different specialty polymers demonstrate different properties, thus making each one suitable for a unique set of applications. 

Specialty Polymers Market Taxonomy

On the basis of product type, the global specialty polymers market is segmented into:

• Thermoplastic Polymers
• Polytetrafluoroethylene (PTFE)
• Polycarbonate (PC)
• Polysulfonates
• Others
• Biodegradable Polymers
• Polyhydroxybutarate (PHB)
• Polyhydroxybutarate-hydroxyvalarate (PHBV)
• Polyhydroxyvalarate (PHV)
• Conducting Polymers
• Intrinsically Conducting Polymers
• Extrinsically Conducting Polymers
• Doped Conducting Polymers
• Coordination Conducting Polymers

And So on ...

Specialty Polymers Market Outlook – Asia-Pacific is the fastest-growing region in the specialty polymers market

Asia Pacific is projected to be the fastest-growing market for specialty polymers, over the forecast period, due to the growing such as India, China, Japan, and South Korea. The growing population in countries such as India, China, Japan and South Korea, has led to increasing urbanization, thus resulting in the rampant growth of automotive, construction, and electronic end-use industries in the region. Specialty polymers hold a significant position in these industries, thus the growth of these industries, leads to an increasing demand for specialty polymers, in turn fueling market growth in the region. Increasing disposable income among the populace and growing infrastructural development are major drivers escalating growth of the specialty polymers market in the region. 

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Rampant economic growth experienced by countries in Asia Pacific, has compelled the manufacturing units of key players such as BASF and The Dow Chemical Company to expand to the region, in order to capitalize lucrative growth opportunities. Thus creating a highly conducive environment for growth of the specialty polymers market in the region. Fluctuating prices of crude oil, which is the basis feedstock for specialty polymers, poses as a restraining growth factor. Also, low focus of players on R&D activities, which subsequently results in limited technological advancements in manufacturing specialty polymers are other major restraints for market growth.  Some of the major companies operating in the global specialty polymers market are Croda International Plc, Evonik Industries, BASF, Solvay Group, Specialty Polymers Inc., PolyOne Corporation, AmeriLux International LLC, The Dow Chemical Company, Clariant, Arkema Group, 3M, A.Schulman, Inc., Ashland Inc., and Koninklijke DSM N.V.

Blowing Agents Market Size, Share, Emerging Trends, Analysis and Forecasts 2018-2026

Blowing Agent Market

Rising infrastructure development in Asia Pacific is expected to increase market penetration

Blowing agents are widely used across a number of application in the construction industry including acoustics, heat & electric insulation, and shock absorbers. Furthermore, rising infrastructure development in Asia Pacific coupled with supportive government initiatives, in emerging economies such as India, is fueling growth of the market. For instance, in 2016, the Indian government announced plans to invest US$ 376.53 billion to improve the infrastructure, roads, transport facility, and shipping over of the following three years. Encouraging foreign direct investment (FDI) in the region is likely to propel the construction industry in the region, which in turn is expected to increase demand for blowing agents in the near future.

Robust automobile industry growth is expected to aid market growth over the forecast period

Demand for blowing agent products by the automobile industry, is rapidly rising due to the weight reduction property of the agents that are useful for acoustic application. As the demand for products of the automobile industry is increasing, the demand for light is a major factor fueling market growth. The global automobile industry produced over 90 million cars and commercial vehicles in 2015, which is expected to increase significantly over the following five years owing to strong indicators in Asia Pacific. These trends coupled with rising efforts to improve fuel efficiency by reducing the overall weight of automobiles, is expected to have a positive impact on growth.

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Stringent regulations promoting the use of eco-friendly blowing agents

The market is segmented on the basis of product type into hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), and hydrocarbons. Hydrofluorocarbons accounted for the largest share in the market, owing to its low ozone depletion potential. Furthermore, stringent regulations barring the use of HCFC, in 2003 EPA issued baseline for production and import of HCFC-22 and HCFC-142b. Moreover, the UK government made it mandatory to recover and recycle the HCFC used in the refrigeration unit. Owing to its contribution towards ozone depletion coupled with a potential phase out in the near future, HCFC is expected to have a positive impact on eco-friendly blowing agents over the forecast period. However, phasing out of HCFC results in high technology shifting costs, which is expected to restrain market growth to a certain extent.

The blowing agents market is expected to exhibit below average growth in North America and Europe, owing to mature end-use industries in these regions. Furthermore, stringent regulations by EPA in 2003, and by UK to limit the use, recovery, and reuse of HCFC. Governing the use of blowing agents is expected further expected to hamper growth over the following few years. However, gradual recovery of the construction industry—one of the key end-use industries for blowing agents—in both the regions, is expected to have a positive impact on market growth.

Honeywell, Solvay, Arkema are key industry players in the blowing agents market. Continuous research and development, technological advancement, and marketing strategies help in attaining the highest market share in the global blowing agents market. Solstice Liquid Blowing Agent, the latest product developed by Honeywell, is the least harmful to the environment and possesses immense potential to replace HC, HFC, and HCFC, in the future. Blowing agents industry is a consolidated market place with a large number of small manufacturers present in the industry. This trend is primarily witnessed in Asia Pacific, which is one of the major producers of blowing agents. Furthermore, the industry comprises of leading players with global presence including DuPont, Arkema S.A., Honeywell International Inc., Solvay S.A., Foam Supplies, Inc., AkzoNobel NV, Haltermann GmbH, Linde AG, Americhem, and HARP International Ltd.

Diverse Applications of Coconut Milk and High Availability of Coconut Are the Key Factors Driving Growth of the Global Coconut Milk Market.

Coconut Milk Market

Coconut milk is a liquid obtained by manual or mechanical extraction of coconut meat, with or without water. The composition of coconut milk depends on water used during extraction. Water also affects the fat content and moisture of coconut milk. Coconut milk is slightly acidic in nature with a pH of 6. Coconut milk contains two types of protein, albumins and globulins in the range of 6 to 8%. Spray drying method is used by manufacturers to dry coconut milk into powdered form as it increases its shelf life and also becomes easy for transportation. On an average, one coconut yields 60 to 100 grams of coconut powder depending on its size.

Market Dynamics

• Diverse applications of coconut milk and high availability of coconut are the key factors driving growth of the global coconut milk market. Coconut milk is a rich source of protein such as prolamin, glutein, albumin, and globulin. Coconut milk is associated with various health benefits such as weight loss, boosts immune system, improves digestion, prevents acne, promotes hair growth, and treats sunburn as well as reduces the risk of diabetes and Alzheimer’s disease. Coconut milk is added to various dishes and cuisines and has diverse usage in food and beverage industry such as ice cream, yogurt, sauces, and beverages.

• High availability of coconut will create growth opportunities for manufacturers and will fuel growth of global coconut milk market. According to statistics of Food and Agricultural Organization (FAO), global production of coconut was 58.4 million tons in 2016 and grew at the rate of 1.0% from 2011.
• However, consumers should take measures before consuming coconut milk as it contains high calories, abundant saturated fat, and often causes allergies. Moreover, popular substitutes to coconut milk such as spiced milk, soy milk, and yoghurt might be a hindrance in growth of the market. Consumption of coconut milk may increase blood fat levels, which can increase the risk of heart disease. Presence of saturated fat will increase cholesterol level, which results in weight gain and constipation. Other factors such high cost of coconut milk as compared to dairy milk and increasing health risks associated with consumption of coconut milk are expected to hamper growth of the market.

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Key players in Global Coconut Milk Market

• Key players operating in the global coconut milk market include Goya Foods, Pureharvest, McCormick, WhiteWave Foods, and Theppadungporn Coconut Co. Ltd. Some other coconut milk manufacturers are Edward & Sons, Chi, Ducoco, Zurtle Mountain, Thai Agri Foods, iTi Tropicals, and Pacific Foods.
• Key market players are launching new types of coconut milk-based products in order to meet rising demand from consumers. For instance, in February 2018, Nestle launched a new beverage based on coconut milk, Nespray Coco-Up.

Growing Demand for Baby Nutrition Food Are Some of the Major Factors Burgeoning the Growth of Banana Puree Market

Banana Puree Market

Banana puree is obtained by blending banana into soft and thick pulp. The processing of the banana is done by blender, pressing banana through strainer or by potato masher. Banana puree is good source of potassium and rich in dietary fiber which helps to lower the risk of heart disease, maintain blood pressure and acidity level and to regulate water balance in body.

Drivers and Restraints

• Increasing demand for functional beverages and growing demand for baby nutrition food are some of the major factors burgeoning the growth of banana puree market over the forecast period. According to the Coherent Market Insights, global baby food market was valued at US$ 34.95 Billion in 2016 and is expected to reach US$ 60.04 Billion by 2025.
• However the short lifespan of the banana is restraining the growth of the market. Furthermore, fluctuating import prices on banana also hinder the market growth. According to the U.S. Food and Agriculture Organization (FAO), in U.S., the average import prices on banana was USD 957 per tons in 2015, 3.2% above the previous year’s level, due to its increasing demand. However, In European Union, import prices on banana was USD1027.67 per tons in March 2015 and dropped to USD 945.02 per tons by the end of 2015.

Market Trends

• Infant food application segment accounted for the largest market share in 2017. This is attributed to increasing number of working women are inclined towards nutritious, healthy, sweet and tasty food, driving the growth of this application segment. According to U.S. Department of Labor, in U.S., 61.4% of mothers were in the labor force with children under 3 years of age, representing over 34.2% of working women, in 2015.
• On the basis of source type, organic source of banana puree is expected to account a dominant position in 2020 as compared to conventional source, owing to the increasing awareness related to the side effects of using synthetic fertilizers, such as skin disease and others. However, high prices of organic banana shows a negative growth of this segment.
• Based on distribution channel, supermarket, contributed a significant share in the global banana puree market in 2017. However, the online channel is supposed to grow rapidly during the forecast period, owing to the technological advancements and increasing internet penetration in emerging economies.

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Market players

• Some of the leading players operating in the global banana puree market include Döhler GmbH, Nestlé S.A., The Kraft Heinz Company, SunOpta Grains and Foods Inc., Newberry International Produce Limited, Riviana Foods Pty Ltd, Antigua Processors S.A., Ariza b.v, Shimla Hills Offerings Pvt. Ltd, Hiltfields Ltd., among others.
• Key players are focused on adopting various organic and inorganic growth strategies such as mergers and acquisitions, joint ventures and partnerships, and product or technological innovations to retain position in the banana puree market. For instance, in April 2014, Antigua Processors, a subsidiary of Gautemalan Processing Company, opened a banana puree factory to double its output and to meet the increasing demand for banana puree for infants drink.

Europe Held Second-largest Share in Global Thaumatin Market Due to Wide Acceptance of Thaumatin as a Sweetener by European Federation.

Thaumatin Market

Thaumatin is a low calorie sweetener derived from Katemfe fruit, also called 'the miraculous fruit of Sudan'. These are extensively cultivated in the rainforests of West Africa. The fruit is made up of 1 to 3 black seeds surrounded by a gel, and enclosed within a membranous sac known as the aril, which contains the sweetener. Thaumatin is an odorless, water soluble protein which possesses high heat stability. The two main forms of protein present in the Katemfe plant are Thaumatin I and Thaumatin II. Though Thaumatin is 2000 times sweeter than sucrose, it is mainly used as a flavor enhancer rather than a sweetener and it does not contribute to major calories in the diet.

Thaumatin is now being used in baked and savory foods, desserts, fruit juices, milk powder, soft drinks, chewing gums, and coffee products. It is generally mixed with other natural sweeteners such as Stevia in order to reduce its bitterness. Due to its licorice-like taste with delayed onset, other artificial sweeteners are preferred over Thaumatin. In the U.S., Thaumatin possesses GRAS status—it does not have approval as a sweetener but widely used as a flavor enhancer. European Food Safety Authority has approved Thaumatin as a sweetener.

The major drivers of the market are growing demand for low calorie dairy products and continuous research on application of thaumatin in other products such as toothpastes and other oral care products. The restraining factors are concentrated cultivation of thaumatin only in Africa and lack of consistency among food regulations globally. In Europe and Asia Pacific, thaumatin is classified as sweetener by the regulatory bodies, whereas FDA has permitted its use only as a flavor enhancer.

Flavoring agent segment held the highest share in terms of value in the global thaumatin market in 2016, due to its excellent flavor modification properties. Owing to increasing acceptance of thaumatin as a sweetener in Asia Pacific and Europe, the segment is expected to show significant growth over the forecast period.

Food & beverages segment dominated global thaumatin market in 2016, followed by pharmaceuticals segment. It is expected to maintain its dominance during forecast period due to increasing use of thaumatin in flavored food products such as bread and palm wines. Pharmaceuticals and cosmetics segments are expected to experience high growth rate in global thaumatin market during forecast period (2018-2025) owing to increasing use in formulations as an emulsifier.

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Global Thaumatin Market outlook:

• Owing to growing demand for natural flavored food products and beverages, North America held the highest share by volume in global thaumatin market in 2016. In the U.S., thaumatin is widely accepted as a natural flavoring agent in Coffee drinks, refreshing drinks, yoghurts, chewing-gum, jams, and jellies, which is expected to fuel market growth.
• Europe held second-largest share in global thaumatin market due to wide acceptance of thaumatin as a sweetener by European Federation. The favorable regulations and rising consumer awareness regarding ingredients used in the processing of food products is expected to drive market demand. In addition to this, technological advancements also stands to be one of the key factors contributing to market growth. For instance, the development of low cost thaumatin by Unilever by the process of inserting thaumatin producing genes into bacteria.
• Africa is a matured market for thaumatin, as thaumatin fruits are widely harvested in western Africa region and mainly used to sweeten food products. Some of the key markets in the region are Ghana and Nigeria.

Key players in Global Thaumatin Market:

Some of the leading key players in global Thaumatin market are Naturex, Beneo Palatinit GmbH, Natex, KF Specialty Ingredients Nutraceutical Group, and Neptune Bio-Innovations.