According to the report published by Allied Market Research, the global oleochemicals market was estimated at $25.7 billion in 2020 and is expected to hit $55.3 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

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Covid-19 scenario-

• The outbreak of the Covid-19 pandemic increased the demand for oleochemicals, as they are extensively used in products such as soap and disinfectants.
• For instance, Wilmar expanded its production capacity of fatty amines. The aim of this expansion was to maintain supply for manufacturing disinfectants throughout the global health crisis. This increased demand for olechemicals is expected to remain stable post pandemic too.

The global oleochemicals market is analyzed across type, application, and region.

Based on type, the fatty acids segment accounted for the major share in 2020, holding nearly half of the global market. The fatty alcohol segment, on the other hand, would grow at the fastest CAGR of 8.6% throughout the forecast period.

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Based on application, the pharmaceutical segment generated the highest share in 2020, accounting for around one-fifth of the global market. The personal care & cosmetics segment, on the other hand, is projected to manifest the fastest CAGR of 8.6% from 2021 to 2030.

Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering around three-fifths of the global market. Europe, simultaneously, is expected to cite the fastest CAGR of 8.5% by 2030. The other provinces studied in the report include North America and LAMEA.

The key market players analyzed in the global oleochemicals market report include Wilmar International, Oleon NV, Musim Mas Group, Croda International, Chemical Associates Inc., IOI Group, Procter & Gamble Co., KLK Oleo, Twin River Technologies, and Emery Oleochemicals. They have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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 Allied Market Research published a report, titled, "White Cement Market Forecast by Type (White Portland Cement, White Masonry Cement, and Others) and End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2018–2025." According to the report, the global white cement market generated $7.97 billion in 2017 and is estimated to garner $10.90 billion by 2025, growing at a CAGR of 4.0% from 2018 to 2025. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.

 According to a new report published by Allied Market Research, titled, "Biodegradable Mulch Film Market by Raw Material Type and Crop Type: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global biodegradable mulch film market was valued at $33,699 thousand in 2016, and is projected to reach at $62,039 thousand by 2023, registering a CAGR of 9.3% from 2017 to 2023.

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Biodegradable mulch film is a mulching technique wherein waste from use of biodegradable mulching materials is transformed into carbon dioxide, methane, water, or biomass at the end of their shelf life, thereby benefiting the agricultural soil. Biodegradable mulch materials are obtained from plants and animals; thus, these have a lower environmental impact than use of inorganic mulching technique.
Adverse effects of inorganic mulching technique on environment coupled with regulations regarding the acceptance of gas emission level caused by inorganic mulching materials have driven the biodegradable mulch films market. However, increased cost of biodegradable mulch films restricts the market growth. Moreover, high demand for crop production owing to growth of global population is expected to present growth opportunities for this market.

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In 2016, the fruits & vegetables segment accounted for the highest share, and is expected to maintain its dominance during the forecast period, owing to its increased demand resulting from growing population globally.

KEY FINDINGS OF THE STUDY

Asia-Pacific was the leading region in the global biodegradable mulch film market in 2016, followed by Europe
The starch segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 9.2% during the forecast period
The polyhydroxyalkanoate (PHA) segment is projected to witness the highest growth rate of 9.9% during the forecast period
The Asia-Pacific biodegradable mulch film market is anticipated to register the highest CAGR of 9.9%, followed by LAMEA
Europe accounted for approximately two-seventh share in the global market, and is expected to grow at a CAGR of 8.8%.

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Asia-Pacific and Europe collectively contributed about 68% share of the global market in 2016 owing to the increased consumption of biodegradable mulch film. Also the growing population in Asia-Pacific drives the market.

The key players profiled in the report include BASF SE, Biobag International As, RKW Group, AEP Industries Inc., Dow Chemical Company, British Polyethylene Industries Plc, Armando Alvarez Group, Al-Pack Enterprises Ltd, Novamont, and Xinfu Pharmaceutical.

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Allied Market Research recently published a report, titled, "Acrylic Resins Market by Type (Water Based, Solvent Based, and Others), Application (Paints & Coatings, Adhesives & Sealants, and Others), and End-User (Building & Construction, Automotive, Electronics, Packaging, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028". As per the report, the global acrylic resins market was pegged at $18.7 billion in 2020, and is expected to reach $28.3 billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.

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Major determinants of the market growth

Surge in building and construction projects and increase in demand from the automotive industry drive the growth of the global acrylic resins market. However, adverse effects of volatile content and government regulation hinder the market growth. On the contrary, rise in demand from the emerging economies is expected to open lucrative opportunities for the market players in the future.

Covid-19 scenario:

The Covid-19 pandemic severely affected the demand for acrylic resins from end users such as automotive, building & construction, and electronics. Moreover, strict lockdown measurements and travel restrictions hampered the construction activities. Due to lack of workforce, large number of industrial projects were delayed.
The ban on cross-border imports of various goods and disruptions in the supply chain coupled with delays in supply of raw materials have negatively affected the market.
However, increase in use of private and personal vehicles to maintain the social distancing norms is expected to support the market growth. Moreover, rise in new construction projects in the healthcare sector would supplement the market growth

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The paints and coating segment held the largest share

By application, the paints and coating segment held the lion's share in 2020, accounting for more than one-third of the global acrylic resins market. Moreover, the segment is expected to register the highest CAGR of 6.0% during the forecast period, due to surge in demand for paints and coatings in construction and building projects. The report includes an analysis of segments such as adhesive and sealants and others.

The packaging segment to manifest the highest CAGR through 2028

By end user, the packaging segment is projected to register the highest CAGR of 6.3% during the forecast period, due to rise in demand for packaging materials from various end-use industries such as food manufacturers and retail stores. However, the building and construction segment held the largest share in 2020, contributing to nearly two-fifths of the global acrylic resins market, owing to rise in emphasis of construction projects in residential and commercial sectors.

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Asia-Pacific, followed by North America, to portray the highest CAGR by 2028

By region, the market across Asia-Pacific, followed by North America, is estimated to portray the highest CAGR of 6.0% during the forecast period, owing to improved outlook for residential building activity in high-income countries and rise in urbanization. However, the global acrylic resins market across Europe held the largest share in 2020, accounting for more than two-fifths of the market, due to increased demand for protective paints and coatings in automotive industries in the region.

Major market players

Basf Se
The Dow Chemical Company
Arkema
Sumitomo Chemical
Mitsubishi Chemical Holdings
Dsm
Dic Corporation

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  Floor coatings market report, published by Allied Market Research, forecasts that the market is expected to garner $2,612 million by 2022, registering a CAGR of 6.6% during the period 2016-2022. Epoxy-based floor coatings segment is anticipated to remain the highest revenue contributor among other binder types. In the year 2015, Asia-Pacific held the leading position in the market, and is expected to maintain this trend

 According to the report published by Allied Market Research, the global additives market generated $150 billion in 2020, and is expected to garner $212.7 billion by 2028, witnessing a CAGR of 4.6% from 2021 to 2028. The report provides an extensive analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenarios.

Increase in adoption of lightweight materials in automotive, growing food and packaging industry, and surge in industrial activities among developing economies drive the growth of the global additives market. However, regulations led by several regulatory bodies hinder the market growth. On the other hand, chemical stability and pH control would present new opportunities in the market.

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Covid-19 Scenario:

The demand for food additives has increased during lockdown. As according to a report by Food Ingredients First, there has been a rise in kitchen staple products such as rice, flours, lentils, grains, and bakery ingredients. Food additives help extend product shelf life and allow consumers to stock up on food products without trepidation of instantaneous expiration.
Industries such as building & construction, oil & gas, automotive, and chemical are the major consumers of additives. And, temporary closure of these industries had impacted negatively on the global additives market, especially during the first phase of the lockdown. 
Moreover, the

The report offers detailed segmentation of the global additives market based on product type, end use, and region.

Based on product type, the food additives segment held the highest share in 2020, accounting for more than one-third of the total market share, and is expected to maintain its lead position during the forecast period. However, the plastic additives segment is projected to portray the highest CAGR of 5.3% from 2021 to 2028.

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Based on end user, the food and beverage segment accounted for the highest market share in 2020, holding more than one-third of the global additives market, and is estimated to continue its leadership status during the forecast period. However, the packaging segment is expected to witness the fastest CAGR of 5.9% from 2021 to 2028.

Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for nearly two-fifths of the global market, and is estimated to maintain its dominant share in terms of revenue by 2028. In addition, this region is expected to portray the highest CAGR of 5.3% during the forecast period.

Leading players of the global additives market analyzed in the research include BASF SE, Clariant AG, Dow Inc., Evonik Industries AG, Lanxess AG, Eastman Chemical Company, Milliken Chemical, PolyOne Corporation, Sanitized AG, and BioCote Limited.

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 According to the report published by Allied Market Research, the global phosgene market generated $4.2 billion in 2020, and is anticipated to reach $6.9 billion by 2030, exhibiting a CAGR of 5.3% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

Increase in demand for phosgene from the global chemical industry and rise in demand from the furniture and bedding market drive the global phosgene market. On the other hand, high toxicity of phosgene hinders the growth of the market. On the contrary, rise in the consumption of phosgene in pesticides and insecticides is expected to create lucrative market opportunities.

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COVID-19 Scenario:

International Monetary Fund (IMF) stated that due to the spread of the COVID-19 pandemic, the worldwide economy has shrunk by 3.0% in 2020. Many countries have imposed lockdowns which have hampered the manufacturing activities and lowered the demand and production of phosgene.
Due to lockdown and restrictions, the market has witnessed a supply chain disruption. Many sectors that demand phosgene such as agriculture faces issues due to lack of labor and limited market access. This has affected the phosgene demand.
Lack of raw material availability has resulted in the reduction of agrochemical product manufacturing. Due to this, the demand for phosgene from agrochemical manufacturers has reduced.
Reduction in the consumption of polycarbonate has led to the decline in demand for phosgene from polycarbonate manufacturers.
The report segments the global phosgene market on the basis of derivative, application, and region.

Based on the derivative, the isocyanates segment accounted for the largest market share in 2020, contributing to nearly three-fourths of the total share, and is expected to maintain the lead throughout the forecast period. The same segment is estimated to witness the fastest CAGR of 5.5% from 2021 to 2030. The report also covers the chloroformate and carbamoyl chlorides segment.

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Based on application, the polycarbonates segment contributed to the highest market share in 2020, contributing to nearly two-fifths of the total market share, and is anticipated to dominate the market during the forecast period. The same segment is expected to manifest the fastest CAGR of 6.2% from 2021-2030. The report also covers other segments such as agrochemicals, pharmaceuticals, dyes, fine chemicals, and others.

Based on region, Asia-Pacific, followed by Europe and North America contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is expected to maintain dominance throughout the forecast period. The same region is expected to portray the fastest CAGR of 6.2% from 2021-2030.

Key players of the global phosgene market analyzed in the research include BASF SE, The Dow Chemical Company, Covestro, Mitsui Chemical, PPG Industries, Huntsman Corporation, Yantai Wanhua, Rubican, Vandemark Chemical Inc., and Vertellus Holdings LLC.

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