Chemical Planet

Increasing offshore drilling activities coupled with growing automotive industry is expected to drive the demand for poly alpha olefin in synthetic lubricant application. The Global Poly Alpha Olefin (PAO) Market is expected to reach USD 1.58 billion by 2025, according to a new report by Grand View Research, Inc. High growth markets such as India, China, UAE, and Brazil have been shifting their preferences towards high-grade lubricants from conventional mineral oils. This factor is anticipated to remain the key driving factor for the growth of PAO over the forecast period. PAO has various advantages over conventional lubricants such as wear & tear protection, excellent thermal stability, and good load carrying capacity which is anticipated to propel PAO industry growth over the forecast period. PAO based synthetic fluids are expected to gain importance in future owing to lower toxicity, bioaccumulation potential and fluid loss as compared with oil base fluids (OBF). Growin

Rising awareness towards antistatic packaging as a protection medium for electronic devices and appliances is projected to fuel the demand for conductive polymers. The Global Conductive Polymers Market is expected to reach USD 6.5 billion by 2024, according to a new report by Grand View Research, Inc. Favorable outlook towards the electronics industry in China, Japan, South Korea and Singapore as a result of new product launches including smartphones by market players such as Samsung and LG is expected to have a significant impact on growth over the forecast period. Capacitors are projected to witness substantial volume gains at a 9.4% CAGR from 2016 to 2024. Rising demand for capacitors owing to providing its excellent performance over a wide temperature range and lifecycle intervals is expected to promote the usage of conductive materials over the forecast period. Nylon accounted for 16.7% of the global volume market share in 2015 and is likely to witness growth on account o

Growing electronic components manufacturing in Southeast Asia to drive growth. The trend towards miniaturization of electronic components and industry automation are key growth driving factors for the global fluid dispensing systems market. Recent innovations aimed at improving production processes due to high consumer demand and gradually reducing turn-around times have led to manufacturers adopting automated systems for applying adhesives, sealants, coatings, and lubricants during their processes. The Global Fluid Dispensing Systems Market is expected to reach USD 55.09 billion by 2024, according to a new report by Grand View Research, Inc. Technological innovations aimed at improving product specifications is crucial for furthering competitiveness among companies. Pricing and after sales are major factors consumers look for in equipment brands. Value chain integration and an efficient supply network are critical for businesses to improve their footprint and bring down costs

Growing demand for accurate and efficient systems for dispensing fluids as an alternative to manpower engagement in these processes to be a key driving factor for the industry growth. The Global Fluid Dispensing Equipment Market is expected to reach USD 10.29 billion by 2024, according to a new report by Grand View Research, Inc.   The industry is characterized by the advent of automation technologies in various stage of production processes. The technology’s greater scope across automotive, electrical & electronics, and medical devices manufacturing has enabled higher sales of fluid dispensing equipment in these industries. However, with evolving construction practices and increased usage of automated machinery for masonry, prefabrication and precast processes is expected to provide growth opportunities for industry participants. The global market value in construction application was over USD 640 million in 2015. Adhesives & sealants are widely used across manufactur

Rise in the industrial sector especially in Asia Pacific is one of the major driving factors for the growth of UV curable resins market. The Global Ultraviolet (UV) Curable Resins Market is expected to reach USD 4.67 billion, according to a new report by Grand View Research, Inc. Increasing concern regarding growing VOC emissions has resulted in the development of new low emission products. UV curable resins emit minimal to zero VOCs and are not volatile in nature. These resins produce less shrinkage, the line of sight curing and provide many advantages over traditional methods. Development of renewable raw materials for manufacturing these curable resins is anticipated to drive the market. UV curable resins are widely used in wood coatings, graphics art, automotive and industrial application. With the increase in industrialization across the globe, there is a surge in the demand for eco-friendly products. Manufacturing companies across the world are focusing and investing in

Regulatory policies are encouraging automotive OEMs to use plastics, as a means of reducing vehicular weight & improving fuel efficiency, to play a prominent role in driving growth. Polycarbonate is a completely recyclable polymer and is therefore favored as a substitute to PVC particularly in medical devices. In comparison, PC resins offer greater tensile strength & flexural modulus meaning they can be easily processed and even blended with other resins such as styrenic copolymers and PBT. The Global Polycarbonate Market is expected to reach USD 25.37 billion by 2024, according to a new report by Grand View Research, Inc. In the recent past, regulations aimed at reducing plastics wastage has encouraged the role of recycling. PC resins being completely recyclable are expected to benefit from such regulations, and in turn, ease up global supply constraints. Electrical & electronics and transportation remained dominant application markets, and the segments together a

The shift in trend towards lightweight composites to lower vehicular weight and thereby foster fuel savings & lower carbon emission levels are anticipated to drive demand. The Americas Plastic Compounding Market is expected to reach USD 19.11 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand from major end-use industries such as automotive, electrical & electronics, packaging, construction and consumer goods is expected to remain a key driving factor for market growth. Plastics compounds are rapidly replacing conventional materials such as wood, glass, and metals in various applications on account of their flexibility, lubricity and increased strength & stiffness. Favorable federal regulations by agencies such as National Highway Traffic Safety Administration (NHSTA) and California Air Resources Board (CARB) regarding carbon emissions along with the U.S. EPA initiatives to develop plastics compounds in lightweight & fuel-

Favorable regulatory scenario promoting the use of these materials for fire safety is expected to fuel market growth over the forecast period. Flame retardants are added to potentially flammable products as a precautionary measure against fire hazards. The Global Flame Retardants Market is expected to reach USD 11.96 billion by 2025, according to a new report by Grand View Research, Inc. Stringent fire safety regulations and guidelines have forced construction industry to adopt flame retardant usage. The usage of the high amount of composite material and plastics has increased the risk of fire hazards. To reduce this risk and to increase the critical escape time in case of fire hazards, there has been an increase in FR usage and this trend is expected to grow over the next nine years thus benefitting flame retardant demand. Non halogenated flame retardants emerged as the leading product segment and accounted for 57.7% of total market volume in 2015. The product segment is also

Rising need for optimum productivity to sustain the food demand is the key factor behind the commercialization of specialty products. Increasing investment in R&D and advancements in agricultural practices backed by technological support is anticipated to drive the industry growth. The Global Agricultural Films & Bonding Market is expected to reach USD 14.19 billion by 2024, according to a new report by Grand View Research, Inc. Films are extensively used for greenhouse farming, soil protection, and mulching. Various benefits associated with these films include reduced soil erosion & compaction, temperature control, seed germination, weed control, nutrient conservation, and protection against UV Rays. The film segment accounted for over 75% of the global volume in 2015. Growth in this sector may be attributed to growing high-quality crops demand coupled with the increasing requirement for ideal agricultural productivity. HDPE demand in netting was 105.7 kilo tons i

Rising environmental awareness regarding carbon dioxide emissions coupled concerns related to energy efficiency are projected to drive demand. The Global Window Films Market is expected to reach USD 13.81 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from key end-use industries such as automotive, construction, and marine is a major factor that will determine future growth trajectory.Technological improvement in reducing solar heat gain & winter heat loss is anticipated to promote sustainable construction and foster consumption. They are widely utilized to improve energy efficiency in heating and cooling purpose in residential and commercial applications. According to U.S. Department of Energy, it helps in consuming 30% of average home’s heat loss occurs through windows and doors. Recovery of automotive industry in the U.S. and parts of Europe is also expected to have a positive influence on the industry growth. However, few coun

The growing demand for healthcare products such as medical devices and disposables in emerging economies including India and China will fuel growth over the forecast period. Furthermore, increasing awareness among consumers regarding hospital acquired infections (HAIs) is expected to propel the demand for products with antimicrobial properties further. The Global Antimicrobial Additives Market size is expected to reach USD 15.34 billion by 2025, according to a new report by Grand View Research, Inc. The usage of antimicrobial additives in the packaging industry will witness considerable revenue growth at a CAGR of 7.1% from 2016 to 2025. These additives are added to the plastic products to prevent spoilage of food, beverages, and medicines due to microbial contamination. Moreover, the rising number of fast food chains and restaurants are anticipated to drive the demand for packaging thereby increasing product demand. In addition, the increasing usage of these additives in the

Favorable regulations promoting sustainable and eco-friendly materials as substitutes for conventional virgin rubber is driving product demand in several end-use industries. The Global Reclaimed Rubber Market is expected to reach USD 6.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumer awareness regarding environment-friendly materials with lower processing costs & enhanced properties are driving product consumption. Automotive & cycle tires, footwear, and other molded rubber goods manufacturers have realized the benefits of recycled & regenerated rubber in these applications. Increasing natural rubber prices, growing environmental concerns on account of waste rubber disposal in rivers, and higher energy efficiency are other key factors driving reclaimed rubber demand across the globe. Burgeoning demand for whole tire reclaim (WTR) is anticipated to drive segment volume demand by 42% by 2025.Owing to its versatility, du

Growing hygiene awareness among consumers regarding the utility of diapers and rising infant population across the globe is expected to remain a key driving factor for global PP absorbent hygiene market over the forecast period. The growing geriatric population base in the U.S., Japan, and Europe has created demand for adult incontinence products. The Global Polypropylene (PP) Absorbent Hygiene Market is expected to reach USD 17.03 billion by 2022, according to a new report by Grand View Research, Inc. Replacement of synthetic raw materials with bio-based substitutes are anticipated to create new avenues for industry participants. Bio-based polypropylene polymers help in preventing skin rashes among babies, keeping them dry. However, prolonged exposure to polypropylene absorbent products may cause respiratory tract problems, eye irritation, skin problems and neurological problems. Several R&D initiatives are being taken by the market player to improvise their product portf

The rising consumer demand for innovative and styled clothing products is expected to be a key factor steering the market growth in the coming years. The Global Textile Chemicals Market value is anticipated to exceed USD 30.70 billion by 2025, according to a new report by Grand View Research, Inc. Due to increased disposable income and high purchasing power especially in the emerging economies such as China, India, Russia, and Brazil is anticipated to result in increased demand for textile chemicals in the next eight years. However, stringent regulatory laws implemented on the usage of fabric chemicals due to its hazardous impact on environment and human health is expected to remain a critical challenge for the manufacturers. Home furnishing applications dominated the textile chemicals market with demand exceeding 3,600 kilo tons in 2015. Apparel segment accounted for over 25% of global revenue in 2015. Increasing usage of specialty chemicals in emerging application segments s

Rising consumption of silicone elastomers in consumer goods and industrial machinery is anticipated to fuel the market growth. The Global Silicone Elastomers Market is expected to reach USD 14.07 billion by 2025, according to a new report by Grand View Research, Inc. Beneficial properties of silicone elastomers including broad operating temperature range, high oil & fuel resistance, low smoke density, flammability, & toxicity are projected to enhance the product penetration in the market. Increasing product use in the interiors, engine, electrical systems, and other body parts of automotive is expected to boost the industry demand. Growing application scope of silicone elastomer products in healthcare and transmission & distribution sectors is anticipated to augment the market positively. Silicone elastomers industry is governed by various regulations that cover the entire life cycle ranging from production to disposal. For instance, FDA has sanctioned a list of si

Rapidly increasing disposable income level in countries such as China, India and Brazil has enhanced market penetration for baby diapers, adult incontinence products which have had a mirror impact on PP nonwoven fabric demand in these regions. The Global Polypropylene (PP) Nonwoven Fabric Market is expected to reach USD 34.98 billion by 2025, according to a new report by Grand View Research, Inc.   These fabrics are now being aggressively adopted for durable applications such as geotextiles, construction, automotive, home furnishing, etc. which has increased their penetration level in such markets. However, volatile raw material supply is expected to be a key challenge for industry participants, in terms of maintaining profitability Polypropylene being a petrochemical derivative, witnesses significant fluctuation in its price owing to the supply-demand imbalance. Over the last few years, there has been rising concern over the depleting petroleum reserves which have led to a sh

Plastic compounds have gained wide acceptance in packaging & automotive industry owing to their advantageous characteristics such as durability and low cost. The Malaysia Plastic Compounding Market is anticipated to reach USD 1.09 billion by 2025, according to a new report by Grand View Research, Inc. Malaysia offers a lucrative, cost-competitive geographic location for investors intending to set up compounding facilities in the region. Such manufacturers are likely to have the added advantage of advanced technologies as well as inexpensive raw materials for product development. Innovative compounds such as PVC based copolymers to exhibit high penetration as a result of their non-halogenic, flame retardant & extrudable properties which makes them ideal for industrial applications Polypropylene (PP) dominated the market with over 27% volume share in 2015. The introduction of bio-based PP polymers is also contributing significantly to sustainable growth in the industry.

Urethane polymers are increasingly being utilized to address consumer needs in health, convenience and sustainability by means of applications such as adhesives, coatings, and insulation materials among others. The Global Polyurethane (PU) Market is anticipated to reach USD 105.2 billion by 2025, according to a new report by Grand View Research, Inc.   Thermoplastic polyurethane (TPUs) are widely utilized in automotive applications owing to their ability to integrate characteristics of both plastics & rubbers at a lower weight as compared to metal & other plastic materials. Innovative TPUs containing silicone diol with micro-structured surfaces are also being used as self-cleaning surfaces for marine vessels. Flexible PU foams remained the dominant product with about 27% volume share in 2015. The development of innovative, flexible foams containing latent aldehydes & displaying improved compression set have also introduced new growth avenues for industry participan

Growing environmental concerns & stringent pollution control norms have compelled automotive OEMs to control emissions by utilizing innovative lightweight materials. Turkey Automotive Plastic Compounding Market is expected to reach USD 390.8 million by 2025, according to a new report by Grand View Research, Inc. The country’s automotive production increased from 1.17 million units to 1.35 million units between 2014-15, thereby generating significant demand for compounds. Numerous companies and compounders across Europe have expanded their production capacities recently in order to meet burgeoning demand from automotive and other consumers. Exclusive partnerships between OEMs and compounders is crucial for the industry to evolve in terms of supply chain efficiencies. Automakers are also attempting to accommodate increasing geriatric driver population by including safety features in reduced package space, and enhancing safety belt designs using plastics. Polyamide (PA) compo

These films are increasingly being preferred in residential and commercial sector owing to their low maintenance and easy handling attributes. The Asia Pacific Construction Film Market is anticipated to reach USD 29.1 billion by 2024, according to a new report by Grand View Research, Inc. Rapid urbanization, rising safety concerns and changing lifestyles backed by increasing disposable income in Asia Pacific economies have influenced consumption trends of materials. This has led to increased application scope in fittings and accessories for housing apartments. Presence of enormous consumer base for housing and low-cost labor backed by broadening of plastic trade has created numerous opportunities for industry participants. The increasing application scope of puncture & scratch resistance films in green building practices has also led to their proliferation in environment control events. Vapor barriers accounted for over 25% of the volume share in 2015. These barriers are r

Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years. The Global Phenolic Resins Market is projected to reach USD 16.0 billion by 2025, according to a new report by Grand View Research, Inc.   Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry. Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products. Technological advancements have fostered novel processing methods that conserve greater amount of resources while producing phenolics, compelling new entrants to invest high in capital funds to maintain competitive margins in the industry. Novolac emerged as the dominant product segment, occupying nearly 50% of the