Thursday, March 10, 2022

Chlorine Dioxide Market Will Grow by a Projected Value of $1.26 Billion, at 5.0% Growth Rate

by on March 10, 2022

 Allied Market Research recently published a report, titled, “Chlorine Dioxide Market by Application (Industrial Water Treatment, Pulp & Paper Processing, Oil & Gas, Medical, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027”. As per the report, the global  chlorine dioxide industry  was generated $857.8 million in 2019, and is projected to reach $1.26 billion by 2027, growing at a CAGR of 5.0% from 2020 to 2027.

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Drivers, restraints, and opportunities

Rapid growth in the food & beverage industry, increase in demand for safe drinking water, rise in concerns regarding water pollution, and surge in trend of wastewater recycle have boosted the growth of the global chlorine dioxide market. However, fire and explosion hazards and strict environmental norms hinder the market growth. On the contrary, regulatory restrictions on the use of chlorine and hypochlorite in pulp bleaching are expected to open lucrative opportunities for the market players in the future.



Covid-19 scenario:

The chlorine dioxide is used in the manufacturing of biocides and decline in the sale of biocides during the pandemic is expected to hamper the growth of the market. Moreover, the demand for medical devices is more than domestic manufactures can deliver, creating a supply-demand gap.
The prolonged lockdown in various countries led to supply chain disruption and shortage of critical medical devices.

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The industrial water treatment segment dominated the market

By application, the industrial water treatment segment held the lion’s share in 2019, accounting for more than half of the market, due to rapid industrialization across the developing economies such as China and India and increase in demand for industrial water treatment. However, the pulp & paper processing segment is estimated to register the highest CAGR of 6.1% during the forecast period, owing to rise in demand for paper packaging from the e-commerce and retail sector.

Asia-Pacific, followed by North America, held the lion’s share

By region, the market across Asia-Pacific is projected to manifest the  highest CAGR  of 5.7% from 2020 to 2027. Moreover, the region held the largest share in 2019, contributing to more than one-third of the market, due to rapid industrialization and demand for chlorine dioxide from  newly-installed industrial units. In addition, the market across North America is expected to register the second-highest CAGR of 5.7% during the forecast period.

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Major Market Players

Accepta
Grundfos
Ecolab
Evoqua
ProMinent
CDG Environmental LLC
The Sabre Companies LLC
Iotronic Elektrogerätebau GmbH
Tecme Srl
Vasu Chemicals LLP

Additives Market Trends & Technological Advancements, Forecast & Opportunities by 2027

by on March 10, 2022

 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 lockdown impacted the manufacturing and supply chain management to certain extent. On the other hand, the government bodies have now eased off certain regulations, owing to which the market would recoup soon.

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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Wednesday, March 9, 2022

Wood Plastic Composites Market Statistics 2023: Major Factors that can Increase the Global Demand

by on March 09, 2022

 According to a new report published by Allied Market Research titled, Wood Plastic Composites Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global wood plastic composites (WPC) market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Asia-Pacific is expected to dominate the market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.

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WPCs are composed of wood or wood flour, plastics, and additives. The source of the materials can be either virgin or recycled material. The demand for materials based on renewable raw materials has risen steadily in the recent years. Furthermore, increase in interest from governments about climate protection and sustainability results in expansion of market size of natural-based materials such as wood plastic composites (WPC).


The factors that drive the growth of the global wood plastic composites market are high availability of non-utilized plastic and wood wastes, increase in demand from building & construction applications, and stringent regulations on the use of chemicals in building materials. However, surge in cost of raw materials and issues with respect to mechanical strength and/or weight hamper the market growth.

The building & construction segment accounted for more than three-fourths share of the global market in 2016, in terms of volume, and is expected to maintain its dominance during the forecast period, owing to its improved performance and appearance characteristics. However, automotive components are also expected to grow with a high rate due to rise in demand for recyclable and lightweight materials.

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Key Findings of the Wood Plastic Composites Market:

In terms of value, the building & construction segment is expected to grow at a CAGR of 12.6% during the forecast period.
In Asia-Pacific, China is estimated to grow at the highest CAGR of 12.9%, in terms of value.
PVC-based composites occupied around one-eighth of the global market share in 2016, in terms of volume.
U.S. accounted for over one-fifth of the global market in 2016, and is expected to grow at a significant CAGR of 8.8%, in terms of volume.
In 2016, Asia-Pacific and North America collectively accounted for over three-fourths share of the global market, by volume, while Asia-Pacific is expected to grow at a higher rate during the forecast period. Furthermore, high demand from the emerging countries, such as South Korea, India, and China, is estimated to drive the market growth.

The major companies profiled in the report include, Advanced Environmental Recycling Technologies, Inc., Axion International, Inc., Beologic N.V., Certainteed Corporation, Fiberon, LLC., Fkur Kunststoff GmbH, Polymera, Inc., Tamko Building Products, Inc., Timbertech Ltd., and Trex Company, Inc.

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Tuesday, March 8, 2022

EV Battery Materials Market Price, Revenue, Gross Profit, Interview Record, Business Distribution by 2030

by on March 08, 2022

 The battery materials market has been growing at a rapid pace over the last few years. The increase in the usage of lead-acid and lithium-ion (Li-ion) batteries and surge in demand from the consumer electronics and automotive industries are some of the major driving factors of the global battery material market. According to Allied Market Research, the global battery material market is expected to reach $80.5 billion by 2030, registering a CAGR of 5.9% from 2021 to 2030.

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Major announcements and collaborations in the battery material market:

The key players in the battery material industry have been focusing on expanding their business by developing innovative products that could increase overall efficiency. For instance, Umicore, a leading material technology company announced its investment in Solid Power, a major producer of all-solid-state rechargeable batteries for electric vehicles. This investment is expected to develop a low-cost battery and increase the energy density from 50% to 70% as compared to commercially available Li-ion batteries. Moreover, it is lighter and has faster charging times than available alternatives which give an advantage to the automobile sector.

Apart from the innovations, several companies have indulged in collaborations to expand their market presence. For instance, Polarium, a provider of energy Storage Company partnered with Northvolt, a European supplier of sustainable, high-quality battery cells and systems. The collaboration would help the companies to deliver green battery cells to the telecom industry. Furthermore, according to the CEO of Polarium, this collaboration will aid in lowering the carbon footprint as the company would manufacture the battery products from the fossil-free production facility with the highest recycling standards. This is expected to help the company to maintain a pollution-free environment.

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Similarly, Volvo Car Group, the most well-known car brand announced its joint venture with Northvolt, a leading Swedish battery company. The business deal would enable companies to build sustainable and cutting-edge battery cells for Volvo and Polestar vehicles. Moreover, the companies have proposed to open a new R&D center in Europe to develop revolutionary batteries and provide an efficient and cost-effective supply chain of high-quality and sustainable batteries in Europe.

Trends that will drive the demand in the future:

With the rise in innovations in the automotive sector, the demand for electric vehicles around the world is bound to rise, which in turn, increases the need for battery materials. Furthermore, technological advancements in the electronics sector have increased innovations in battery materials. On the other hand, the development of solid-state electrolytes and the introduction of sodium-ion batteries would have a direct impact on the growth of the battery materials market in the future.

The recent initiation of the Indian government, Faster Adoption, and Manufacturing of (Hybrid &) Electric Vehicles (FAME) has augmented the growth of the battery material market in the Asia-Pacific. What’s more, battery materials have witnessed increased demand in emerging countries due to a surge in industrial applications such as the telecommunication sector, medical equipment, and oil drilling.

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To meet end-user demand in the future, market leaders must invest a substantial amount and time in their research. Moreover, the demand for battery materials that offer higher storage capacity at inexpensive costs would increase in the coming years. In addition, the emphasis on creating solutions for recyclable battery packs that can be fixed and resealed without triggering a surface breakdown would increase as concerns about sustainability and the need for cost-effective alternatives grow.

Based on type, the lithium-ion segment accounted for the highest market share in 2020, contributing to more than half of the total share, and is expected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.1% from 2021 to 2030.

Leading players of the global battery materials market analyzed in the research include Albemarle, Gan feng Lithium Co. Ltd., China Molybdenum Co. Ltd., Livent Corporation, Glencore PLC, Sheritt International Corporation, Norlisk Nickel, Targray Technology International Inc., SQM, Tianqi Lithium, Teck Resources, and Vale S.A.

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Polyimide Film Market Value To Cross $3.0 Billion By 2030 | Top Companies and Industry Growth Insights

by on March 08, 2022

Polyimides are high-performance polymers with remarkable properties including resistance to solvents, high-temperature stability, and greater strength. Thus, they are widely used in aerospace & aviation applications and the electronics industry.

The global polyimide film market generated $1.7 billion in 2020, and is predicted to reach $3.0 billion by 2030, exhibiting a CAGR of 5.6% 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 polyimide film from the electronic sector and rise in demand from the aerospace sector propel the global polyimide films market growth. On the other hand, high production costs hamper the market progress. On the contrary, launch of transparent polyimide films with a flexible substrate creates positive market opportunities.

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COVID-19 scenario:

The key end-users of polyimide films such as aerospace, electronics, automotive, labeling, and solar are negatively impacted due to the pandemic.
The COVID-19 outbreak has increased the supply-demand gap. Moreover, the export of electronic products such as wires, cables, and semiconductors has declined attributed to disrupted supply chain.
Many electronics companies have closed or halted their operations and many countries have restricted international transportation and trade activities, affecting the consumption of polyimide films among the number of end-use sectors.
Drop in the income of customers and restrictions on foreign trips have affected the demand for polyimide films from the aerospace market.
COVID-19 has halted several aircraft manufacturing projects. This has dropped the demand for polyimide films.
However, the polyimide film market is anticipated to recover rapidly due to an increase in dependency on the electronic sector which is a major end-user of polyimide films.
The report segments the global polyimide film market on the basis of application, end-use, and region.

Based on application, the flexible printed circuits segment accounted for the largest market share in 2020, contributing to more than one-third of the total share, and is anticipated to maintain the lead throughout the forecast period. The same segment is projected to witness the fastest CAGR of 6.0% from 2021 to 2030. The report also covers segments including flexible printed circuits, pressure-sensitive tapes, wire & cable, specialty fabricated products, and others.

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Based on end-use, the electronics segment contributed to the highest market share in 2020, attributing to around one-third of the total market share, and is expected to dominate the market during the forecast period. The same segment is expected to manifest the fastest CAGR of 5.9% from 2021-2030. The report also covers segments such as labeling, aerospace, automotive, and others.

Based on region, Asia-Pacific, followed by North America, contributed to the highest share in 2020, holding more than two-fifths of the total share, and is projected to lead throughout the forecast period. The market across the Asia-Pacific region is anticipated to portray the fastest CAGR of 6.2% during the forecast period.

Key players of the global polyimide film market analyzed in the report include Chemical Industries Ltd., FLEXcon Company Inc., DuPont, Kaneka Corporation, KOLON Industries, Saint Gobain, SHINMAX Technology Ltd., Taimide Tech. Inc., Toray Industries Inc., and UBE Industries Ltd.

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 Increasing demand for polyimide films in the aerospace industry

As polyimide films have higher mechanical strength, better insulating properties, and thermal stability over other polymers, they are the ideal material for several electronic applications, especially in the aerospace and transportation industries. These end-use industries have strict thermal and mechanical requirements for materials. Apart from this, polyimide films are suitable for medical devices including cardiovascular catheters, neurological devices, and push rings.  

Recently, RUAG International developed products that required multi-layer thermal insulation that protects the OneWeb satellite against heat and cold in space. For this purpose, the company used several layers of metal-evaporated polyimide film. Now, researchers are looking at polyimide films to be used on external surfaces of spacecraft to protect from the harsh environment of low Earth orbit. Polyimide composite films offer comprehensive performance when it comes to heat and cold resistance but they show inadequate atomic oxygen resistance. On the contrary, a team of researchers has proposed a double layer nacre-inspired structural design strategy and polyimide-based nanocomposite film that offers excellent mechanical properties and atomic oxygen resistance.

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