Chemical Planet

Increasing demand from ceramic industry is key growth factor driving active calcium silicate market. In addition, presence of fire safety standards in major economies such as U.S., Germany, China, India, and Brazil are further fueling the demand over the forecast period. The global active calcium silicate market is expected to reach USD 203.0 million by 2025, according to a new report by Grand View Research, Inc. Active calcium silicate is used as a safer alternative to asbestos in high temperature insulation applications. Industrial equipment insulation and grade piping is fabricated from active calcium silicate. Moreover, major application segments include cement, ceramics, paints & coatings, fire protection, and insulation. Due to its superior technical properties such as low thermal conductivity and excellent thermal shock resistance; it is widely used for industrial high temperature insulation. In terms of volume, insulation was estimated as the largest application

The rapid growth of the automotive industry in recent years has been a major factor driving market growth. Further, the increasing application scope of the product in the consumer goods, construction, and packaging industries is expected to have significant impacts on the overall market growth over the coming years. The Global Expanded Polypropylene (EPP) Foam Market is expected to reach USD 1.30 billion by 2025, according to a new report by Grand View Research, Inc. The product witnessed wide application in the automotive industry for the manufacture of floor, door and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period. The increasing use of molded EPP foam products in protective and flexible packaging applications for numerous verticals, including medical, consumer electronics, food & beverage

Globally, increasing demand for medical and pharmaceutical products has been a major factor driving market growth. Also, growing healthcare industry has led to rising demand for thermoformed plastics. The Global Thermoformed Plastics Market is expected to reach USD 16.28 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand in various application sectors including food packaging, automotive, healthcare & medical, electrical & electronics, construction, and consumer goods & appliances owing to cost efficient nature is projected to propel the market over the coming years. Rapid industrialization, infrastructural, and medical activities is anticipated to augment the market growth from 2017 to 2025. Thermoforming is a process where a sheet of plastic is heated to make it flexible then fabricated and molded in required shape to make it a usable product. Different methods used for processing thermoformed plastics are thin gauge thermoformi

The growth of the US automotive industry is the major factor expected to drive market growth during the forecast period. The increasing vehicle production in the country is slated to have positive impacts on the overall product demand over the coming years. The US Automotive Protection Films Market is estimated to reach a market size of USD 425.4 million by 2025, according to a new report by Grand View Research, Inc. The demand for polyurethane (PU) films in interior and exterior applications is expected to witness significant growth during the forecast period. The product is widely used in door, floor, and instrument panels for superior moisture resistance. The increasing use of paint and surface protection films for windows, rear-view mirrors, roof, bumpers, and lamp housings is expected to increase significantly, on account of improved optical clarity, and impact and moisture resistant properties of the material. The industry is expected to witness the highest growth

The growing demand for automotive film in exterior and interior applications is expected to drive market growth. The Global Automotive Film Market is expected to reach USD 10.13 billion by 2021, according to a new report by Grand View Research, Inc. The industry is expected to grow on account of the demand for films in for interior and exterior protection of the vehicle. The increasing demand for paint protection films and NVH films for the smooth functioning of the vehicle is expected to drive growth over the forecast period. The industry growth is majorly driven by the rapid increase in the demand for automotive wraps to enhance the aesthetic value of the vehicles. Furthermore, reduction in the maintenance cost of vehicles owing to the protective characteristics offered by the wraps is expected to drive market growth. Increasing purchasing power of consumers coupled with technological advancements, such as the advent of the bio-based polyester film is expected to fuel market

Introduction of rapid manufacturing techniques & advanced additive incorporation methodologies is expected to further drive adoption of lightweight, high-performance plastics for production of several consumer products. The Global Plastic Compounding Market is expected to reach USD 95.2 billion by 2026, according to a new report by Grand View Research, Inc. Plastics present a sustainable and low cost alternative to metals, wood and even ceramic materials utilized in varied industries. Rapid industrialization and expansion of said industries, including automotive, construction and electronics, specifically in emerging economies, is likely to influence consumption patterns & enhance demand over the forecast period. An increasing number of R&D activities undertaken by key market participants, such as the recent introduction of FDA compliant polycarbonate grades by SABIC for high temperature food contact applications, are expected to revolutionize the sector. Other com

The growing demand for extruded polypropylene foam in automobiles and packaging industry is expected to boost market growth. The Global Extruded Polypropylene (XPP) Foam Market is expected to reach USD 1.07 billion by 2025, according to a new report by Grand View Research, Inc. The demand for extruded polypropylene foam is high due to its high strength to weight ratio and durability. Extruded polypropylene foam is available in low-density and high-density foam types. The market share of low-density foam is high due to its growing demand in the automobile industry. The demand for high-density foam is expected to grow rapidly over the forecast period owing to rising application in the construction industry. Asia Pacific and Europe are the major regional markets. The presence of a large number of manufacturing facilities coupled with growing end-use industries is driving the demand for extruded polypropylene foam in these regions. The growing demand in emerging countries such as

The Global Nylon 6 & 66 Market is expected to reach USD 41.13 billion by 2025, according to a new report by Grand View Research, Inc. The Global Nylon 6 & 66 Market is expected to witness growth at 6.1% CAGR owing to Increasing focus on fuel efficient and less polluting vehicles has forced the manufacturers to shift their focus from metals to plastics. Nylon being lightweight and heat resistant, has caught the attention of auto-manufacturers. Extensive demand from automotive industry is expected to trigger the nylon market growth. Nylon 6 holds the largest consumption share in the total nylon resin market, with most of the demand being generated from the textile industry. However, there is an increasing trend of nylon 66 consumption from the engineering plastic industry which is rampantly using nylon 66 to manufacture plastic products, replacing PVC. There has been a disruption in the supply chain of the nylon value chain, as raw material caprolactam was oversupplied b

The Global Structural Foam Market is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The Global Structural Foam Market is expected to witness growth at 5.8%CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period. Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides, positive outlook of the global automotive and packaging industries coupled with versatile properties of structural foams including better heat and pressure resistance increases their application scope in various industries. However, volatili

Rising applications in the construction industry coupled with the benefits offered by silicone sealants are supplementing the demand for silicone sealants in the U.S. The U.S. Construction Silicone Sealants Market is expected to reach USD 288.1 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness significant demand on account of growing necessity for the substance in the construction industry. The applications of silicone sealants are growing in the construction industry owing to its utilization in gap fillings, bathrooms & kitchen fittings, and expansion joints. The use of the product in the structural glazing of buildings is also expected to aid the market growth. Exterior was the largest application category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. Interior is expected to witness fastest growth rate over the forecast period. Residential is expected to grow at the fa

The rapidly growing automotive industry across the globe has been and is expected to drive the overall market growth. Further, the changing consumer preferences towards enhanced passenger comfort and vehicle aesthetics is anticipated to propel market growth over the forecast period. The Global Automotive Flooring Market is expected to reach USD 947.4 million by 2025, according to a new report by Grand View Research, Inc. The increasing use of insulating mats and related products for carpet protection, comfort, and aesthetics in passenger cars is expected to drive the product demand in the near future. The growing importance of noise reduction and thermal insulation is also expected to have positive impacts on the product demand during the forecast period. The demand for floor carpets in automobiles for the protection of floor is directly proportional to the demand for vehicles. The increasing production of LCV and HCV in Asia Pacific is expected to drive the product demand in

The modernization of construction industry is a huge development figure, which is driving the overall market advancement of corrosion resistant resins. Corrosion resistant resins are utilized as a part of end-use industries, for instance, in chemical processing, marine, car, oil and gas, and others. Therefore, the increasing use of corrosion resistant resins in the end-use industry is positively affecting the market. The Global Corrosion Resistant Resin Market is expected to reach USD 11.50 billion by 2025, according to a new report by Grand View Research, Inc.   The preference for corrosion resistant resins market can be attributed to erosion in structures, hardware, and apparatuses, especially from the substance business plants; particularly parts, for example, boilers, radiators, pumps, and smokestacks. Composites is the fastest-developing application segment and expected to surpass USD 2,915.5 million by 2025. Expanding penetration of composites in the corrosion-resistant

Strong demand from sectors such as construction and automobiles and the development of novel products is expected to benefit the market demand. The Global Resorcinol Market is expected to reach USD 580.3 million by 2025, according to a new report by Grand View Research, Inc.   Regarding application, rubber products dominated the segment and at an anticipated CAGR of 2.8% from 2017 to 2025. Resorcinol is widely used in the tire manufacturing and as an adhesive. The chemical provides excellent adhesive properties and can be used to bind synthetic as well as metal materials. These advantages coupled with the growth of the automotive industry is expected to favor market growth over the next eight years. Resorcinol, as well as its derivatives, have the ability to form organic compounds that possess a UV absorbing functional group. This property makes resorcinol based derivatives to be used as UV absorbers in a wide variety of application such as coatings, and paints. The rising dem

Increasing demand from building & construction industry has been a key factor driving market growth, globally. The Global Metal Foil Tapes Market is expected to reach USD 3.51 billion by 2025, according to a new report by Grand View Research, Inc. In addition, robust growth in various end-use industries such as automotive & transportation, electronics, consumer goods & appliances, defense and aerospace is also fueling the demand. Building & construction segment held the largest market share owing to its wide-scale usage in heating, ventilation and air conditioning (HVAC) for various purposes. In addition, rapid increase in infrastructural activities all over the globe is further driving the segment growth. Rising demand for metal foil tapes is anticipated to spur at a faster pace on account of rising need for environmental protection of assemblies and surfaces from extreme chemical and temperature conditions. Aluminum foil tapes accounted as the largest metal ty

Growing concerns regarding fuel consumption and greenhouse gas (GHG) emissions are expected to boost the demand in commercial as well as passenger vehicles. The Global Automotive Adhesives & Sealants Market is expected to reach USD 3.89 billion by 2021, according to a new report by Grand View Research, Inc. A 10% reduction in the weight of an automobile results in approximately 5% to 7% fuel saving. In addition, the reduced weight also aids in controlling the emission of CO2 throughout the life cycle of the vehicle. Auto manufacturers are focusing mainly on auto components that are manufactured from various types of thermoplastic elastomers in order to enhance the performance of automobiles and follow the trend of lightweight vehicles. Manufacturers are facing problems in sourcing petroleum-based tackifiers due to the advent of shale gas, which has resulted in supply uncertainty of raw materials across the globe owing to a shift in feedstock from naphtha to natural gas. St

Increasing safety concerns has been a major factor driving market growth. Employment of fire fighting chemicals services has increased owing to increasing number of favorable fire safety regulations. The Global Fire Fighting Chemicals Market is expected to reach USD 2.94 billion by 2025, according to a new report by Grand View Research, Inc. Fire fighting chemicals are primarily utilized in fire fighting equipment such as automatic sprinkler systems, fixed and portable fire extinguishers, fire dampers, inert gas systems, and fire retardant bulkhead. These fire suppression chemicals are then sprayed by means of fire extinguisher over the combustion zone, in order to alleviate its temperature and thus eventually extinguish the fire. Potassium bicarbonate is projected to be the fastest growing segment in the chemicals category over the forecast period with an estimated CAGR of 5.1% from 2017 to 2025. Potassium bicarbonate is the only dry chemical certified by National Fire Protec

Progress in plastics technologies & compounding or processing capabilities are expected to complement industry growth over the forecast period. The Global Thermoplastic Polyester Elastomer (TPEE) Market is expected to reach USD 1.49 billion by 2025, according to a new report by Grand View Research, Inc. Thermoplastics polyester resins combine excellent electrical, mechanical, and thermal properties with high dimensional stability & chemical resistance among other advantageous characteristics. Growing penetration of bio-based feedstock from renewable resources such as biomass has had a significant impact on sustainable consumption patterns in the market. Significant growth in end-use industries such as automotive, construction, industrial manufacturing, electrical & electronics, consumer goods and others in emerging economies is a major factor driving TPEE demand. The value chain consists of raw material manufacturers producing ethylene, methacrylic acid and SBS rub

Prototyping techniques are witnessing an increase in demand owing to the advent of advanced technologies that utilize minimal resources and create prototypes that are highly similar to the final or desired product. The Global Tooling Board Market is expected to reach USD 14.31 billion by 2025, according to a new report by Grand View Research, Inc.   Tooling board are used for creating durable bonds, prototypes, models, reusable tools and patterns with the help of CNC machines. Implementation of stringent performance and safety standards across the automotive, aerospace, manufacturing, and other industrial sectors has generated high demand for durable prototypes that can actually withstand conditions of the final product. These factors, along with favorable product characteristics, such as the excellent dimensional stability, high temperature resistance, and durability of rigid PU foam& epoxy have made the material an ideal choice for prototyping. Polyurethane are widely us

The Global Blow Molded Plastics Industry is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industries. The Global Blow Molded Plastics Market is expected to reach USD 191.6 billion by 2025, according to a new report by Grand View Research, Inc.   In the past few years, there has been a significant growth in technologies and equipment for manufacturing blow molded plastics, which has enabled manufacturers to cater to specific requirements for several application sectors. The industry has experienced solid development over the past years. However, several structural issues continue to plague the industry participants present in the entire value chain. Machinery manufacturers also compete heavily with price flections in, as is the case in most other machinery manufacturing industries. These types of plastics are quickly replacing conventional substances such as glass, wood and engineered plastics in several applicat

The market is likely to be influenced by the growing investments in the aerospace, electronics and the automotive sector. The Global Heat Resistant Polymers Market is expected to reach USD 21.38 billion by 2025, according to a new report by Grand View Research, Inc. Heat resistant polymers are resistant to degradation at high temperatures and thus can be extensively used in the transportation, electronics, defense, and bio-medical sector. High temperature resistant polymers are produced from chemicals using a various process, the most popular one being the chain reaction polymerization. These polymers are consumed in the production of electrical insulations, coal boilers, packaging, and gaskets. Moreover, they are also utilized as raw materials for making high temperature fuel cells in the chemical manufacturing industry. Automotive and aerospace companies are continuously capitalizing their research and development operations to bring in advanced solutions for increasing fuel

Asia Pacific is estimated to depict a high industry growth during the forecast period. China, and India are the major countries that are likely to create a positive impact on spray adhesives demand by 2025. The Global Spray Adhesives Market is expected to reach USD 8.08 billion by 2025, growing at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Hot melts is one of the major product segments of the industry. These products are consumed in numerous applications owing to their superior performance attributes. They have good adhesion properties and can be bonded on a wide number of substrates that include rubbers, metals, glass, ceramics, plastics, and wood. Power Adhesives UK offers Spraytec hot melt spray glues for temperature-sensitive material applications including plastic foams and films. These products offer a broad area of adhesion and enhance bond strength especially for weak substrates. The packaging sector is one of the major applications of hot m

The shift in trend towards mechanized packaging for increased efficiency and output is expected to drive demand. The Global Plastic Processing Machinery Market is expected to reach USD 43.7 billion by 2025, according to a new report by Grand View Research, Inc. Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal (multitude of colors and metalized finishes). These factors have widened the application scope of processing machinery. Advancements in molding technology have led to the development of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions and engine frames. Introduction of favorable policies by the governments in emerging economies, including China and India, to encourage foreign direct investment and facilitate closer integration with other economies is expected to p