Chemical Planet

Rising demand for flame retardant materials from end-use industries in North America due to high awareness levels regarding fire safety products is driving the regional market. Major consumers include construction, transportation, and electrical and electronics sectors. The North America Flame Retardant Thermoplastics Market size is expected to reach USD 116 million by 2025, according to a new study by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.3% during the forecast period. Demand for plastic components across various industries, such as automobiles, marine, and aerospace, to reduce the overall size and weight of the vehicle, demands more flame retardant thermoplastic compounds. Electrical and electronics led the North America flame retardant thermoplastics market in 2017 and is anticipated to maintain its dominance over the forecast period. Flame retardant materials are widely used in this industry and its degree is dependent on product function...

Increasing construction spending coupled with high demand from bedding & furniture industry for cushioning and insulation is estimated to drive industry growth. The Global Polyurethane Foam Market is expected to reach USD 91.96 billion by 2024, according to a new report by Grand View Research, Inc. Polyurethane foams consumption is anticipated to increase significantly owing to reduced wastage, elevated recyclability, greater sustainability, and reduce energy consumption throughout their life cycle. Growing requirement in end-use industries such as packaging and footwear is anticipated to further compliment growth. Various governments and federal agencies are increasingly being concerned with detrimental health effects of isocyanates utilized in PU production. Recent trends in PU production include the elimination of chlorinated fluorocarbon blowing agents, due to toxicity & sustainability concerns. Flexible foam was the leading product segment and accounted for over 55% of ...

The growing demand for packaged ready-to-go food & beverages and increasing labeling requirement in the pharmaceutical industry are expected to remain key driving factors. In addition, increasing focus of manufacturers on their products aesthetic appeal is also expected to have a positive influence on the market growth. The Global Laminated Labels Market is expected to reach USD 106.92 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements in label manufacturing & printing techniques coupled with increasing product innovations in films and other raw materials used in the manufacture of laminated labels is projected to create new avenues for market participants. Reels emerged as the leading form of laminated labels and accounted for 75.3% of total market volume in 2015. The demand for laminated labels in the form of reels is projected to grow on account of its ease of application and the growing industrial demand for labels. Polyest...

Increasing usage of PU microspheres as encapsulants in crop protection and drug delivery system is expected to remain a key demand driver over the forecast period. The Global Polyurethane (PU) Microspheres Market is expected to reach USD 88.01 million by 2024, according to a new report by Grand View Research, Inc. Technical feasibility problems such as poor control of drug release and inactivation of drugs during fabrication have led producers to integrate backward and manufacture microspheres on their own, meeting over half of the total demand. Pricing of PU microspheres is largely influenced by costs associated with its synthesis from base resin. Also, additive pricing plays a major role as their composition varies according to the end-use requirements and product grades. A stable outlook for PU resin prices is likely to have a positive impact on producer’s margins and prices at the consumer level. Encapsulation emerged as the most dominant application segment and accounted for ov...

Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth. The Global Adhesion Promoter Market is expected to reach USD 5.21 billion by 2024, according to a new report by Grand View Research, Inc. The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints. Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote product demand. High demand for silane products such chlorosilanes ...

Increasing automobiles production, particularly in Asia Pacific coupled with the favorable regulatory scenario, is expected to drive the global automotive textiles market over the forecast period. The Global Automotive Textiles Market is expected to reach USD 31.75 billion by 2024, according to a new report by Grand View Research, Inc. These textiles find major applications in the interiors of automobiles. Increasing safety norms such as standard No. 208 of Federal Motor Vehicle Safety Standards has prompted the automobile manufacturers to install seat belts and airbags in the vehicles which have driven the demand for these technical textiles in the recent past. In addition, Introduction of Euro VI by the EU and EEA member states to govern light and commercial passenger vehicles emissions has prompted the demand for automotive filters which has had a positive impact on automotive textiles demand. The increasing disposable income levels and rising living standards in emerging e...

Growing population is anticipated to exert pressure on agricultural productivity. These films are used to enhance the productivity and improve crop quality by minimizing soil erosion, providing nutrients, and suppressing weed growth. They are primarily made of polyethylene. Growing consumer disposable income coupled with the rising high-quality crops demand is anticipated to drive the market growth over the forecast period. The Global Agricultural Films Market is expected to reach USD 13.85 billion by 2024, according to a new report by Grand View Research, Inc. Depleting arable land is expected to impact market growth positively over the next eight years. Protective films are placed over soil, covered over greenhouses and wrapped around fodder. Various benefits offered by agricultural films including reducing the risk of seed germination, decreasing soil compaction, raising soil temperature, providing nutrients, and protecting against UV rays. These advantages are expected to ...

Rising concerns regarding energy efficiency in the region is a key driving factor for industry growth. Growth dynamics of the industry are expected to be heavily influenced by trends in major end-use industries that include automotive, packaging, and construction coupled with the shift towards lightweight products, especially in miniaturized electronic gadgets. North America Polyurethane (PU) Market is expected to reach USD 19.18 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements along with a shift in preference towards aesthetic, yet environmentally sustainable products are likely to positively influence the market. Rigid foams were the leading product segment and accounted for over 33% of the overall volume in 2015. The shift towards sustainable construction practices and consumer awareness regarding thermal insulation as a means of energy conservation are expected to be major driving factors for the product’s growth. North...

Rising UPR demand in various end-use industries including construction and automotive is expected to drive growth over the next eight years. The Global Maleic Anhydride Market is anticipated to reach USD 4.11 billion by 2024, according to a new report by Grand View Research, Inc. Growing maleic anhydride demand for additives manufacturing for fuel oils and lubricants is expected to drive market growth in near future. N-butane is the preferred raw material in MAN manufacturing owing to low cost, high productivity, less complex production process, and environment-friendly nature. The majority of product produced globally is utilized for the production of UPR. The application segment accounted for 50.5% of the total demand in 2015. Growing construction, automotive and marine industry, especially in BRICS economies is expected to drive demand over the next eight years. BDO is anticipated to witness the fastest growth over the next eight years owing to wide acceptance of the prod...

Growing need for sustainable construction in the region is a key driving factor for industry growth. Europe Polyurethane (PU) Market is expected to reach USD 26.24 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by growth in end-use industries such as construction, automotive & transportation and furniture & bedding. Reinforcement of construction industry in the European region is anticipated to be the key driving factor over the forecast period. Eastern European countries such as Hungary, Poland and Slovakia are anticipated to witness significant growth regarding construction spending which in turn is expected to drive rigid polyurethane foam demand. Rigid foam was the highest consumed product and accounted for over 30% of the European market volume in 2015. EU regulations towards energy efficiency of households and financial incentives aimed at improving insulation and cutting down on energy costs is expected t...

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...

Increasing adhesives demand from end-use industries such as construction, automotive, textiles and footwear is expected to remain a key driving factor for global adhesive equipment market. The Global Adhesive Equipment Market size is expected to reach USD 42.06 billion by 2022, according to a new report by Grand View Research, Inc.   High industrialization rates coupled with government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America are expected to drive adhesive equipment demand. Bio-based adhesives development is also expected to strengthen industry growth as varying product specifications and associated technological developments constantly drive competition among companies. Industrial hot melt equipment was the largest product segment and accounted for over 22% of total revenue in 2022. Growing demand for hot melt adhesives owing to their unique product characteristics such as low costs, quick drying time and versatility ar...

Increasing requirement for quicker bonding time in high speed product assembly and industrial applications is expected to boost industry growth over the forecast period. California Hot Melt Adhesives Market is expected to reach USD 159.2 million by 2022, according to a new report by Grand View Research, Inc. Rising environmental concerns regarding VOC emissions has driven substitution of conventional adhesive technologies, such as solvent-based, with hot melts. Stringent environmental regulations regarding adhesive additives implemented by federal agencies such as EPA & U.S. Chemical Safety Board are expected have a major impact on industry dynamics, particularly in terms of product formulation and production. Ethylene vinyl acetate (EVA) adhesives are expected to remain the largest product segment owing to high utilization by numerous end-users seeking better adhesion on non-porous substrates such as metals and glass. The segment accounted for over 37% of total market vol...

Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period. The Global Automotive Refinish Coatings Market is expected to reach USD 14.88 billion by 2024, according to a new report by Grand View Research, Inc.   The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period. The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, d...

Increasing automotive production particularly in emerging markets of China, India, Brazil and Mexico is expected drive the global structural adhesives market. The Global Structural Adhesives Market is expected to reach USD 23.42 billion by 2022, according to a new study by Grand View Research, Inc. Rigid bonding applications such as window glazing, wood panels and decorative trims require structural adhesives for fast setting and load bearing purposes. Industrialization and urbanization are expected to drive construction industry growth in emerging as well as developing nations, which further prompts structural adhesives demand. Water-based structural adhesives accounted for over 55% of the overall market volume in 2014. Increasing regulatory intervention from environmental agencies regarding VOC presence in solvent-based adhesives has positively impacted water-based structural adhesives demand. Additionally, its superior drying rate and semi-flexibility post drying are major ...

Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labeling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth. The Global Automotive Adhesive Tapes Market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Polyvinyl chloride (PVC) was the largest segment and accounted for 31.4% of the overall volume in 2015 and is expected to witness significant rise on account of superior properties including excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing demand for lamination, insulation, protection and masking of automotive wires will propel industry expansion over the foreca...

Rising demand for high heat foams in automotive and aerospace industries is anticipated to drive the market over the forecast period. Growing automotive industry coupled with rising need for lightweight vehicles is expected to fuel industry growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution is expected to further drive the market in near future. The Global High Heat Foam Market is expected to reach USD 13.89 billion by 2024, according to a new report by Grand View Research, Inc. Growing aerospace industry is anticipated to fuel high heat foams demand over the forecast period. The surge in demand for high heat foams in sports and leisure applications, especially in the Asia Pacific, is also expected to impel high heat foams demand over the next eight years. Automotive was the leading consumer and accounted for 32.5% of global demand in 2015. Increasing automotive production in China, India, Thailand...

Increasing thermoplastic vulcanizates demand in automotive component production is anticipated to remain the key driving factor for regional market growth over the forecast period. The China Thermoplastic Vulcanizates (TPV) Market is anticipated to reach USD 430.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing policy formulation by environmental protection agencies and governments across the globe to reduce carbon emission through improved fuel efficiency has compelled manufacturers to inculcate plastics as substitute alloys and metal in major automotive applications. Rising consumer predilection for advanced and light weight passenger cars is expected to drive innovation and R&D in the regional automotive industry. Such factors have driven polymer consumption in automotive applications and are anticipated to fuel TPV demand. However, thermoplastic vulcanizates exhibit excellent physical and chemical properties in comparison to thermoset...

The product is increasingly substituting various organic sealants and adhesives in construction, insulating glass, automotive, and industrial applications owing to their chemical characteristics including resistance to chemicals and corrosion and physical properties such as water repelling and elongation. The Global Silicone Sealants Market is expected to reach USD 3.50 billion by 2024, according to a new report by Grand View Research, Inc. Growing utilization of thermoset and radiation curing technologies in the manufacturing of the product is expected to enhance the elongation and curing capabilities, which in turn is expected to propel demand over the forecast period. Additionally, the presence of established raw material suppliers including BASF and Evonik with superior additives as part of their product portfolio is expected to propel demand over the forecast period. Growing demand for the product in the construction industry owing to the superior characteristics of silic...

Growing demand for medical plastics in applications such as disposables, surgical instruments, diagnostic components, implants, and orthopedics is expected to drive demand. Rising demand for healthcare services and facilities coupled with increasing government support to the medical industry in the Europe is expected to have a positive impact on the industry growth. The Europe Medical Plastic Market is expected to reach USD 4.84 billion by 2024, according to a new report by Grand View Research, Inc. Rising R&D expenditure related to the manufacture of bio-compatible medical plastics with superior quality, low cost, and minimal health hazards is anticipated to propel demand. However, stringent regulatory scenario associated with the medical device manufacturing and waste disposal are anticipated to be key challenges for the industry in the region Europe medical plastic industry is highly competitive and fragmented owing to the presence of numerous players. Manufacturers are...

Increasing high-performance plastics demand as a substitute to metals in automobiles on account of growing need for high efficiency and low weight materials is expected to drive overall industry demand in near future. The Global Polyether Ether Ketone (PEEK) Market is expected to reach USD 1.03 billion by 2024, according to a new report by Grand View Research, Inc. The stringent environmental regulatory framework in developed markets of the U.S. and Europe has forced the automobile industry participants to use such an alternative which helps in decreasing fuel consumption by enhancing overall fuel efficiency. Such regional trends are anticipated to positively impact global volumes over the forecast period. Excellent performance features including superior strength and heat resistance are expected to propel product preference in end-use industries such as food, medical, aerospace, semiconductors and packaging sectors. To Know More About Polyether Ether Ketone Market Please Visi...

Increasing demand for filtration in industries such as healthcare, transportation, food & beverages, and various others is expected to benefit the global nonwoven filter media market. The Global Nonwoven Filter Market is expected to reach USD 8.32 billion by 2024, according to a new report by Grand View Research, Inc. Global agencies such as UN have issued directives and prescriptions to keep air & water pollution in check. HVAC, manufacturing, food processing, and hydrocarbon processing applications have found nonwoven filter media effective. Various regulations regarding water & air pollution are expected to have a favorable impact on the global industry growth. Moreover, there have been lots of technological advancements across the globe to develop new and innovative filter media over the past few years. Healthcare segment is presumed to be the fastest growing application over the next eight years. Nonwoven filter media is used as disposable medical products and...

Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth. The Global Polyethylene Terephthalate (PET) Compounding Market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly. Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel. Packaging accounted for over 55% of overall market volume in 2...