Tuesday, May 18, 2021

Cumene Market Applications, Regional Analysis, Key Players and Forecasts by 2027

by on May 18, 2021

 Cumene Market Report, published by Allied Market Research, forecasts that the global market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. The phenol/acetone segment accounted for the highest share in the global market in 2015.

Cumene is a clear and colorless liquid with an aromatic odor, and is a constituent of finished fuels and crude oil. It has a molecular weight of 120.2 (g/mol) with a boiling point of 152-153°C and melting point of −96°C. It is used in petroleum products, and as a thinner for paints, lacquers, enamels, and high octane fuels, and production of acetophenone, acetone, methylstyrene, and phenol. In addition, it is used in the production of acetophenone, acetone, methylstyrene, and phenol.

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Growth in population and rise in income levels present numerous opportunities for the market expansion. Moreover, development of the overall chemical industry globally and rise in demand for phenolic resins are further anticipated to boost the overall growth. In addition, increase in production of bisphenol-A for the production of polycarbonate & epoxy resins and growth in demand for phenol in the production of composites, plastics, and laminates are anticipated to supplement the global market. However, volatile prices of crude oil and hazardous health effects of cumene are some factors anticipated to hamper the overall growth.

The phenol/acetone segment accounted for the highest share, in terms of volume, in 2015. In response to the perennial modifications in the paints & coatings industry, efficient thinners are in demand globally. Thus, increase in requirement of cumene as a thinner and rise in the use of phenol-based composites and plastics fuel the demand globally.

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According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, "The demand for efficient and inexpensive thinners is increasing, owing to growth in paints & coatings industry globally. Moreover, rise in demand for phenolic resins and phenol-based composites & plastics across wide number of end-use industries provide lucrative opportunities for players in the global cumene market."

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KEY FINDINGS OF CUMENE MARKET 

  • The phenol/acetone segment is anticipated to grow at the highest CAGR during the analysis period.
  • Asia-Pacific is projected to maintain its lead position from 2016 to 2022, growing at a CAGR of 4.9%, in terms of volume.
  • China occupied around one-third share of the Asia-Pacific market in 2015.
  • In terms of value, UK is expected to grow at a significant CAGR of 5.9%.

In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in ChinaIndiaBrazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and increase in overall consumer expenditure drive the growth of the Asia-Pacific market.

The key companies profiled in the report include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Sumitomo Chemical Co., Axiall Corporation, SABIC, BASF SE, The Dow Chemical Company, and JX Nippon Oil.

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Powder Coatings Market Analysis, Size, Business Growth, Trends and Future Scenario by 2027

by on May 18, 2021

 Allied Market Research published a report, titled, "Powder Coatings Market by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray and Fluidized Bed), and Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction & Earthmoving Equipment (ACE), General Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global powder coatings industry garnered $9.8 billion in 2018, and is estimated to reach $15.0 billion by 2026, witnessing a CAGR of 5.4% during the forecast period, 2019–2026.


Drivers, restraints, and opportunities-

Rise in adoption of powder coatings over liquid coatings, supporting environmental regulations, surge in demand for appliances, and booming construction industry drive the growth of the global power coatings market. On the other hand, difficulty in the application of thin coats impedes the growth to some extent. However, rapid economic growth in emerging countries is expected to pave the way for a number of opportunities in the industry.

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Detailed segmentation-

Based on resin type, the report bifurcates the market into thermoset and thermoplastic. The thermoset segment garnered the major share in 2018, holding 92% of the global powder coatings market. The segment is also expected to dominate during the forecast period.

Based on coating method, the market is categorized into Electrostatic Spray and Fluidized Bed. The electrostatic spray segment held the largest global powder coatings market share in 2018 and is anticipated to retain its top position by the end of 2026.

Based on application, the market is divided into Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, and Others. The automotive segment accounted for nearly one-fifth of the global powder coatings market share and is projected to rule the roost by 2026.

Based on geography, the Asia-Pacific region, followed by North America, accounted for nearly three-fifths of the global powder coatings market revenue and is predicted to lead the trail throughout the study period. The same segment is also expected to grow at the fastest CAGR of 5.8% during 2019–2026. The report also analyzes the regions across North AmericaEurope and LAMEA.

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Key players in the industry-

  • Akzo Nobel N.V.
  • Tiger Coatings
  • Kansai Nerolac Paints Limited
  • IFS Coatings
  • Sherwin Williams
  • Axalta Coating Systems
  • BASF SE, Berger Paints
  • PPG Industries
  • The Valspar Corporation

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Asia Pacific Cleanroom Disposable Gloves Market 2021 - 2026 Growth, Analysis: Tips From The Great Depression

by on May 18, 2021

 Allied Analytics :According to a new report published by Allied Market Research titled, Asia-Pacific Cleanroom Disposable Gloves Market by Material Type and End User: Opportunity Analysis and Industry Forecast, 2019 2026,the market accounted for revenue of $804.1 million in 2018 and is anticipated to generate $1,512.4 million by 2026. The market is projected to grow at a CAGR of 8.1% from 2019 to 2026.

Cleanroom disposable gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing diagnostic tests to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable medical gloves has been a prerequisite for medical applications globally.

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The Asia-Pacific cleanroom disposable gloves market is expected to be heading toward expansion phase during the forecast period. Factors that propel the market growth include increase in demand from semiconductors industry in countries such as India, China, Japan, Korea, and Vietnam. Developing countries, specifically East Asian Countries, have siphoned semiconductor manufacturing away from the U.S., through industrial policy, tax incentives and advance technology with low-cost labor. Furthermore, the market is also driven by their requirement in medical and surgical applications to ensure safety and hygiene. In addition, the rise in number of end users, such as healthcare and pharma industries, is anticipated to supplement the market growth. However, volatility in prices of raw materials and high cost associated with installation of cleanroom spaces are some of the significant factors expected to hamper the market during the forecast period. In addition, allergic reaction from certain gloves is also expected to hamper the market growth.

India is expected to be the fastest growing country, due to rise in demand for cleanroom disposable gloves from semiconductor industry and hospitals.

The Asia-Pacific cleanroom disposable gloves market analysis covers in-depth information of major industry participants. The key players operating and profiled in the market include Ansell Ltd., Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Ltd.; Rubberex Corporation Berhad, Top Glove Corporation Bhd, Adventa Berhad, Cardinal Health, Inc., Dynarex Corporation, and Semperit AG Holding.Other players in the value chain of the this market include Dia Rubber Co. Ltd.; Asiatic Fiber Corporation, Woojin ACT Co. Ltd.; Kimberly-Clark Corporation, Riverstone Holdings Ltd.; Careplus Group Berhad, UG Healthcare Corporation, Nitritex Limited, Valutek, and Jiujiang Haorui Industry Trade Co. Ltd.

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Key Findings of the Asia-Pacific Cleanroom Disposable Gloves Market:

The market is forecasted from 2019 to 2026, considering 2018 as the base year The market is projected to grow at a highest CAGR of nearly 8.1%, in terms of revenue, during the forecast period The Neoprene segment is anticipated to witness fastest growth rate of 8.7%, in terms of revenue, during the forecast period China dominated the market with a revenue share of over 34.0% in 2018 The Asia-Pacific cleanroom disposable market trends are analyzed across China, Japan, South Korea, Philippines, Vietnam, Taiwan, India, Malaysia, and rest of Asia-Pacific The Asia-Pacific cleanroom disposable gloves market share has been analyzed across all segments A comprehensive analysis of the factors that drive and restrain the Asia-Pacific cleanroom disposable gloves market growth is provided An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves The qualitative data in this report aims at the market dynamics, trends, and developments in the Asia-Pacific cleanroom disposable gloves industry. The quantitative data provides the Asia-Pacific cleanroom disposable gloves market size in terms of revenue and volume

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Monday, May 17, 2021

Hydraulic Fluids Market Analysis By Development Trend, Key Players & Investment Feasibility

by on May 17, 2021

 Allied Market Research published a report, titled, "Hydraulic Fluids Market by Type of Base Oil (Mineral Oil, Synthetic Oil, and Bio-based Oil), and End-Use Industry (Oil & Gas, Automotive, Marine, Aerospace & defense, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global hydraulic fluids industry garnered $9.1 billion in 2019, and is estimated to generate $12.4 billion by 2027, manifesting a CAGR of 6.8% from 2020 to 2027.

Prime determinants of growth

Surge in production of automotive, increase in popularity of mineral hydraulic fluids, and enhanced industrial infrastructure worldwide fuel the growth of the global hydraulic fluids market. However, fluctuating raw material prices restrain the market growth. On the other hand, increase in bio-based hydraulic oil production presents new opportunities in the next few years.

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Covid-19 Scenario

  • Industrial and transportation activities have been lessened due to lockdown implemented across various countries. This caused shortage of raw materials. As production activities have been hindered, the prices of crude oil have been lowered.
  • The demand for hydraulic fluids from various end-use industries such as automotive, oil & gas, construction, and others took the plunge during the lockdown as operations were shut down in these industries. However, the demand would increase as operations begin in full capacity.

The mineral oil segment to maintain its lead position during the forecast period

Based on type of base oil, the mineral oil segment accounted for the highest market share in 2019, contributing to more than three-fourths of the global hydraulic fluids market, and will maintain its lead position during the forecast period. This is attributed to increase in usage in heavy-duty commercial vehicles and railways. However, the bio-based oil segment is expected to witness the fastest CAGR of 8.8% from 2020 to 2027, owing to inclination towards biodegradable products.  

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The oil & gas segment to maintain its leadership status throughout the forecast period

Based on end-use industry, the oil & gas segment accounted for the highest share in 2019, holding more than two-fifths of the global hydraulic fluids market, and will maintain its leadership status throughout the forecast period. Moreover, this segment is projected to portray the fastest CAGR of 7.1% from 2020 to 2027. This is due to extensive utilization in gas and steam turbines and gas compressors along with surge in overall industrial output.

Asia-Pacific to offer lucrative opportunities, North America to grow steadily

Based on region, Asia-Pacific held the highest market share in 2019, contributing to around two-fifths of the total share, and will continue its dominance in terms of revenue throughout the forecast period. Moreover, this region is expected to witness the highest CAGR of 7.0% during the forecast period. This is attributed to huge number of manufacturing facilities and relatively lower price of vehicles in comparison to developed regions such as North America and Europe. In addition, huge automotive production & sales in China and established automotive industry in countries such as IndonesiaJapan, and India supplement the growth. However, North America is expected to register the second-highest CAGR of 6.9% from 2020 to 2027.

Leading Market Players

  • Royal Dutch Shell plc.
  • Exxon Mobil Corporation
  • Dow
  • BP p.l.c
  • BASF SE
  • Total S.A.
  • Eastman Chemical Company
  • LUKOIL Marine Lubricants DMCC
  • Sinopec Limited
  • Chevron Corporation

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Silicone in Heavy Machinery Market Outlook 2021: Global Topmost Companies, Size, Trends And Upcoming Forecasts 2027

by on May 17, 2021

According to the report published by Allied Market Research, the global Silicone in heavy machinery industry garnered $1.2 billion in 2019 and is anticipated to reach $1.9 billion by 2027, growing at a CAGR of 5.5% during the forecast period. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Enhanced properties of liquid silicone rubber and easy processing of LSR augment the growth of the global Silicone in heavy machinery market. Nevertheless, non-recyclable nature of liquid silicone rubber impede the growth to certain extent. On the other hand, growth in demand for silicone rubber in wind energy sector is expected to usher a number of opportunities in the near future.

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Covid-19 Scenarios-

  • Global Silicone in heavy machinery market has witnessed a temporary downfall.
  • The declined demand in the power sector all across the globe and temporary delay in upcoming power plant projects have further disrupted the market.

The global silicone in heavy machinery market is segmented on the basis of product type, component, and region. Based on product type, the elastomers segment contributed to more than two-fifths of the global silicone in heavy machinery market share in 2019 and is expected to dominate during the study period. On the other hand, the fluids segment would grow at the fastest CAGR of 6.0% by 2027.

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Based on component, the switchgear segment accounted for nearly two-thirds of the global silicone in heavy machinery market revenue in 2019 and is expected to rule the roost during the forecast period. In addition, the same segment would cite the fastest CAGR of 4.7% throughout 2027.

Based on geography, the Asia-Pacific and Europe region garnered the major share in 2019, holding nearly one-third of the global silicone in heavy machinery market. In addition, the Asia-Pacific region is also anticipated to register the fastest CAGR of 5.8% during 2020 to 2027. The report also studies the market across LAMEA and North America region.

The key players profiled in the report include Dow inc., Shin-Etsu Silicone, KCC Silicon, Zhejiang XinAn Chemical Industrial Group Co Ltd, Avantor, Stockwell Elastomerics, Wacker Chemie AG, Elkem Silicones, and Momentive Performance Materials Inc.

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Europe LDPE and LLDPE Market Applications, Regional Analysis, Key Players and Forecasts by 2027

by on May 17, 2021

 According to the report published by Allied Market Research, the Europe LDPE and LLDPE industry generated $10.4 billion in 2019, and is expected to reach $16.8 billion by 2027, witnessing a CAGR of 6.1% from 2020 to 2027. The report provides a detailed analysis of changing market trends, market size & estimations, key winning segments, top segments, value chain, and competitive scenario.

Rise in demand from the packaging industry and increase in demand for LDPE and LLDPE films from the agricultural industry drive the growth of the Europe LDPE and LLDPE market. However, the ban on single-use plastic bags by 2022 would restrain the market growth. On the other hand, integration of recycled LDPE and LLDPE to advance circular plastics economy is expected to present new opportunities in the coming years.

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Covid-19 Scenario:

  • As there have been operational and economic disruptions in the packaging industry, which is the largest consumer of LDPE and LLDPE, the demand has reduced significantly.
  • Lockdown measures taken in many countries hampered the demand for food and beverages as tourism activities were shut down. Moreover, hotels, restaurants, and cafes were also closed, which in turn, affected the demand.
  • However, the demand for LDPE and LLDPE for manufacturing packaging materials for liquid soaps, sanitizers, and disinfectants increased considerably.
  • Construction activities were banned during the lockdown in many countries. The demand for LDPE and LLDPE is lowered. However, as construction projects began in the post-lockdown period, the demand would take off.  

The report provides a detailed segmentation of the Europe LDPE and LLDPE market based on country, type, and application.

Based on type, the LLDPE segment contributed to more than four-fifths of the total share in 2019, and is expected to continue its lead position in terms of revenue throughout the forecast period. Moreover, this segment is estimated to witness the largest CAGR of 6.3% from 2020 to 2027. The report also analyzes the LDPE segment.

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Based on application, the packaging segment accounted for the highest market share with more than half of the Europe LDPE and LLDPE market share in 2019, and is expected to maintain its leadership status throughout the forecast period. Moreover, this segment is estimated to witness the highest CAGR of 6.9% during the forecast period. The report offers a detailed analysis of segments such as agriculture, construction, geomembranes, and others.

Based on country, France accounted for the largest market share with nearly one-fourth of the total market share in 2019, and is expected to maintain its lead position by 2027. However, the U.K. is projected to portray the highest CAGR of 9.6% from 2020 to 2027.

Leading players of the Europe LDPE and LLDPE market include Agriplast SpA, Chevron Corporation, Braskem S.A., Exxon Mobil Corporation, Dow Inc., Ineos Group Holdings S.A., Flex Polymers, Mitsubishi Chemical Holdings, LyondellBasell Industries Holdings B.V., and Nova Chemicals Corporation.

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