Chemical Planet

Increasing demand of plastics for non-rubber applications in key end-use industries such as packaging, automotive, construction, electrical & electronics, and pressure pipes is expected to remain a key driving factor for specialty carbon black market growth. The Global Specialty Carbon Black Market is expected to reach USD 3.82 billion by 2024, according to a new report by Grand View Research, Inc. Increasing consumption of lithium-ion batteries owing to superior properties which include good electrical conductivity, good stability at the higher voltage, less solvent, and improves adhesion is also anticipated to fuel industry growth significantly. The manufacturing process emits a large amount of toxic GHG which creates concern to human health and the environment. These factors have compelled manufacturers in North America and Europe to shut down their operations and shift production facilities to Asia Pacific. To Know More About Specialty Carbon Black Market Please Visit ...

The global industry growth has been driven by high consumption in packaging, automotive, consumer goods, and construction industries. The Global Pressure Sensitive Adhesives Market is expected to reach USD 14.20 billion by 2024, according to a new report by Grand View Research, Inc. Pressure sensitive adhesive applications are found to be cost effective in stark contrast to the conventional mechanical fastening methods such as brazing and welding. They form a tight bond between close fitting surfaces that neither damages the paint and laminating surfaces nor causes corrosion associated with using metal fasteners. In light of tightening regulatory intervention to improve fuel efficiency resulting in reduced carbon and Green House Gas (GHG) emissions, automotive OEMs are forced to adopt plastics as a replacement to metals such asaluminum and steel, thereby stimulating PSA demand. To Know More About Pressure Sensitive Adhesives Market Please Visit Us @ https://www.grandviewresear...

High level of customization coupled with rising application scope in residential and commercial sectors is expected to propel growth. Furthermore, rising penetration of motorized retractable products in the residential sector is expected to augment demand over the forecast period. North America Awnings Market is expected to reach USD 3.64 billion by 2024, according to a new report by Grand View Research, Inc. The industry is characterized by a large number of local manufacturers and distributors owing to the region-specific products. Fabric awnings are primarily used in tropical areas owing to its high aesthetic appeal and improved functionality. Fabrics are the most widely used material in manufacturing awnings. These products accounted for 85% of the overall market in 2015; this is attributed to the utilization of the product in manufacturing retractable awnings. However, limitations of fabric awnings during heavy snowfall are likely to restrict growth. Retractable awning wa...

Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications. The Global Polyamide-Imide (PAI) Market is expected to reach USD 668.9 million by 2024, according to a new report by Grand View Research, Inc.   The global automotive industry has been witnessing significant growth on account of low-cost manufacturing and government support in the form of tax benefits and financial incentives particularly in emerging Asian countries such as China, Indonesia, India, and Thailand. With an ongoing trend towards metal replacement in the automotive and aerospace industry, polyamide-imide molding resins have immense potential for components in engine parts and drive transmission parts that form 50% of the automotive component industry. PAI polymers in fiber application also offer ample opportunity for the meta-aramid clothing industry. This material has heat and flame resistant characteristics and is one of the superior products used in t...

The increasing construction spending particularly in emerging economies is one of the major reason fueling the market growth. The Global Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market is expected to reach USD 893.9 million by 2024, according to a new report by Grand View Research, Inc. Favorable government regulations are further anticipated to benefit the overall market. The government bodies across the globe have been formulating new regulations and safety norms to reduce the occurrence of fire mishaps. Halogen-free flame retardant polypropylene is believed to be an effective way to overcome these fires maintaining the VOC levels. These regulations are mainly to ensure the quality of the product that can control the spread of fire or at least provide an extended escape time. Flame retardant PP provides an additional layer of protection against fire. However, high investment cost and development of other alternative products are anticipated to be the major f...

The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials. The Global Epoxy Resin Market is expected to reach USD 14.26 billion by 2024, according to a new report by Grand View Research, Inc. Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw material prices negatively impact the profitability of epoxy manufacturers. The popularity of alternative resins such as polyamide, PET, unsaturated polyester resin, etc. is likely to curtail the market share of epoxy resins in upcoming years. The paints & coatings is estimated to emerge as the leadi...

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...