Market Research Blog

  Market Scope The butyl reclaimed rubber market will expand at a rate of 12.10% between 2019 and 2030. By 2030, the market could touch USD 1,457.9 million, after reaching USD 529.0 Million in 2021. Market Drivers: Desulfurization is used to create butyl reclaimed rubber from butyl tubes that have already been utilized. This artificial rubber, which is impermeable to air, is a copolymer of isobutylene and isoprene. This enhances its applicability in situations when airtight rubber is required. Compared to virgin butyl rubber, it has a higher polarity and a faster rate of vulcanization. This improves its ageing resistance and compatibility with various rubber types. Governments all over the world have launched supportive policies to promote the use of sustainable resources as alternatives to conventional virgin rubber, which has increased the demand for butyl reclaimed rubber globally. The global industry will benefit from the growing usage of butyl recycled rubber in a variety of end-u

  Market Overview As per the recent study, the global silico- manganese market size in 2019 is registered at USD 17,196 million and is predicted to reach USD 23,996 million with a significant CAGR of 5.71% during the forecast period 2020-2027. Silicomanganese is a few times called Ferro silicon manganese. It is a ferroalloy made up of manganese, silicon, and iron and is produced by smelting of slag with manganese ore, coke, quartz flux in an arc furnace which is submerged electrically with high temperature. silicon manganese is a mixture of carbon 1-2%, silicon 16-21%, manganese 65-70%, sulfur, and phosphorus. Silicon manganese production requires an energy-intensive process coupled with arc furnaces electrically submerged. This material forms major components which are used in the production of steel. These components are deoxidizers and desulfurizers leading to improve mechanical properties of steel which makes it ideal to use in large-scale industries like the automotive and automob

 Malic acid, a white crystalline powder, is used as a food additive to enhance flavor and sourness in many food and beverage products. Due to its solubility in water and alcohol, malic acid is used in the preparation of various luxurious drinks, including wine and other cocktails & mocktails. The malic acid market is growing steadily over the past few years, mainly due to its massive consumption in the food & beverages industry.   According to Market Research Future (MRFR), the global malic acid market is poised to touch a valuation of USD 1283 MN by 2030. In its recently published analysis, MRFR also asserts that the market would grow at a CAGR of over 4.67% throughout the forecast period (2021-2030). The market is largely driven by the demand in a range of application areas, which would continue in the coming years as well. Feedstock flexibility of malic acid allows high conversion yields, productivity, and concentrated process streams resulting in cost-competitive economics.

 According to Market Research Future (MRFR), the global potassium feldspars market is projected to witness significant growth with a healthy CAGR between 2022 and 2030 (forecast period). The report offers insight into leading competitors with competitive analysis, market dynamics, regional analysis, and a detailed overview of market situations in the forecast period. Potassium feldspars Uses are aluminum silicates that contain potassium minerals. Feldspars are classified into two major groups, potassium feldspar, and plagioclase feldspar. Potash Feldspar mineral contributes to the composition of the enamel, ensuring the absence of defects and the neatness of the finished product like enamel frits. Due to a range of industrial applications of feldspar, such as, its use as a raw material in the glass and ceramics industry, coating for welding rods and as extenders and fillers in the paint industry, the demand for potassium feldspar is expected to rise during the forecast period. Key Pla

  Phosphate Market Outlook Market Research Future (MRFR) studied the global phosphate market 2022 through the analysis period till 2030. The alterations in phosphate market estimates due to COVID 19 pandemic is offered in the report. The phosphate industry can thrive due to growing utility of fertilizers in modern agricultural practices. The rise in utility of phosphate in the booming food and beverage sector, especially the meat segment, can contribute to the market surge. The management for kidney stone is one of the major pharmaceutical application of phosphate. The increase cases of renal issues can favor the phosphate market growth in the near future. Market Segmentation Type and applications are parameters based on which the global phosphate market is assessed for better analysis. The type-based segments of the Phosphate Industry  are potassium, phosphoric acid, ammonium, sodium, and calcium, rubidium among others. The potassium segment can gain decent traction for the market in

  Sheet molding compounds (SMC) or sheet material compounds are malleable sheet materials produced from compression or injection molding. Properties of electrical insulation, surface appearance, and superior mechanical properties will fuel the demand for this process. The global sheet molding compound market report by Market Research Future (MRFR) contains an in-depth analysis of the industry as well as highlights drivers, trends, and opportunities for the period 2021 to 2030 (forecast period). Market Scope The global sheet molding compound market size can reach a value of USD 2,042.4 million by 2030. It is predicted to display a CAGR of 4.79% over the forecast period. It can find massive demand and growth owing to its utilization for the production of industrial parts in various end-use industries. Production of composite materials is predicted to work in favor of the market. Emission regulations for the automotive industry which have led to the manufacture of lightweight components

  Key Players Clariant AG (Switzerland) Schulman Inc. (US) Polyone Corporation (US) Plastiblends India Ltd (India) Ampacet Corporation (India) Penn Color Inc. (US) RTP Company (US) Tosaf Group (Israel) PolyOne Corporation (US) BASF SE (US) Market Synopsis The global color masterbatch market is estimated to record a CAGR of 5.45% during the review period. The black masterbatch is available in low-cost pigments, which is likely to drive the global color masterbatch market in 2022. Attributes such as light stability and conductivity are projected to escalate the market for masterbatch market further. Also, there has been a soaring demand for masterbatch from the plastic industry, which is an essential factor of market growth at a global level. Also, there has been surging demand for lightweight materials in various end-user industries is further fueling the demand. Further, the benefits of technical properties such as opacity, color consistency, and good dispersion are likely to escalate

  Market Overview The Global Electroplating Market is projected to be valued at over USD 19.8 billion by the end of 2027 at a CAGR of around 3% during the forecast period. The prominent factor favoring the growth of the global market is the burgeoning demand for metal-plated components in the automotive industry. Electroplating is the preferred process for metal-plating in the automotive industry. Moreover, the surging demand for metal-plated plastics in the manufacturing of various interior and exterior automobile parts such as grilles, light bezels, wheels, emblems, door handles, gear shift knobs, and bumpers is likely to propel the market growth during the review period. Market Segmentation The global electroplating market has been categorized on the basis of metal, type, end-use industry, and region. By metal, the global market has been divided into standard metals, precious metals, and alloys. The standard metals segment is further categorized into tin, copper, zinc, chromium, a

  Regulatory Framework ASTM standards under ASTM D248-18 offer standard test methods for evaluating coatings for high temperature service. The method covers the evaluation of the heat-resistant properties of coatings designed to protect steel surfaces exposed to elevated temperatures during their service life for interior and exterior coatings. Under defined temperature settings, ISO 3248:2016 provides a method for testing the resistance of single coatings or multi-coat systems of paints, varnishes, or related materials to changes in gloss and/or colour, blistering, cracking, and/or detachment from the substrate. Market Forecast According to MRFR analysis, the global Heat Resistant Coatings Market is expected to reach a value of over USD 8 billion by 2028, with a CAGR of around 5.1%. Heat resistant paint and coatings are specialised coatings that can withstand high temperatures while also offering corrosion protection. They were created to protect surfaces that are subjected to extre

  Market Synopsis According to MRFR analysis, the global spandex market is expected to reach over USD 6.78 Billion by the end of 2027 at a CAGR of 7.1%. Spandex is an elastomeric fiber that can be stretched up to 200% of its original shape. These fibers are known for their excellent strength, high stretchability, and better durability as compared to conventional synthetic fabrics. Owing to the aforementioned properties, spandex fibers are blended with other fabrics such as cotton, wool, and silk and are used in numerous clothing applications. Several garments such as Zenati suits, swimsuits, rowing suits, and exercise apparels are incorporated with spandex fibers on the account of its ability to regain the original shape after stretching. Pricing and Regulatory Analysis The price of spandex in 2018 was valued at around USD 1.63–1.66 per meter . Some of the stringent standards for textile analysis are the American Society for Testing and Materials - ASTM-D 3776-79 ; ASTM D 3885; AS

 Polyethylene Naphthalate (PEN) is a polyester that exhibits superior properties such as high mechanical strength, dielectric strength, and excellent resistance to temperature, solvents, and chemicals. PEN, due to its high thermal and mechanical properties, is widely used in films and pellet form to manufacture electronic parts. Due to the growth in the electronics products, the demand for PEN is increasing too. Additionally, PEN also witnesses an increasing demand in solar panels for the solar cell protection. Apart from electronics parts, polyethylene naphthalate is extensively used in packaging applications including food packaging to improve the thermal and barrier properties.  A number of regulatory, worldwide, such as the U.S. FDA and the Japanese Ministry of Health, Labor & Welfare (MHLW) approve the use of recycled plastic products such as polyethylene terephthalate (PET) and polyethylene naphthalate (PEN) in food packaging. Owing to the wide application area, PEN witnesses

  Regional Analysis North America contributes the largest share in the global high-performance market due to the US government directive to enhance fuel efficiency for new automotive to about 54.6 miles per gallon by the end of 2027 which has increased the usage of high-performance composites.  Asia-Pacific is significantly growing with healthy CAGR owing to robust demand for fuel efficient and lightweight composite materials in the automotive and aerospace industries. The regional market in Europe is projected to grow with healthy CAGR owing to the presence of large number of automotive parts manufacturers in the region.  Advancement in technology in the field of vehicles aesthetical design and speed is increasing the demand for high-performance composites in automotive industries. Market Overview High-performance composites materials are a combination of at least two different constituents.  Due to its unique combination high performance composites have superior properties such as gr

  Market Scenario Market Research Future (MRFR) speculates that the global conductive polymers market is predicted to demonstrate a healthy CAGR during the forecast period (2020-2027) owing to the augmenting electrical & electronics sector. Conductive polymers are referred to as a class of polymers which conduct electricity. They are inexpensive and light in weight and tend to bend, shrink, or protrude when stimulated by electricity. Conductive polymers can offer metallic conductivity and can be used as semiconductors. Such polymers find its application in textiles, anti-static packaging, batteries, capacitors, solar cells, sensors, organic transistors, and actuators. Competitive Dashboard The prominent players operating the global conductive polymers market are Covestro AG, Solvay SA, The Lubrizol Corporation, Celanese Corporation, Heraeus Holding GmbH, Saudi Arabia Basic Industries Corporation, Polyone Corporation, AGFA-Gevaert NV, Henkel AG & Co. KGaA, and 3M Company. Segmen

  Competitive Analysis Wacker Chemie AG (Germany) 3M (US) Shin-Etsu Chemical Company H.B. Fuller (US) Sika AG (Switzerland) Bostik (US) Henkel AG & Co. KGaA (Germany) Huntsman International LLC (US) Mapei (Italy) American Sealants Inc. (US) Momentive (US) McCoy Soudal (India) ALSTONE (India) Pecora Corporation (US) Adshead Ratcliffe & Co Ltd. (UK) Regional Analysis The global silicone sealants market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the construction and electronics industries. In addition, industrial silicone sealants are widely used in rapidly growing automotive industry in this region. This is expected to fuel the market growth in the region during the review period. North America is expected to witness significant growth during the forest period. This is mainly due to the adva

 Boiler water treatment chemicals are agents used for eliminating impurities from boilers. These impurities can be suspended matter, dissolved gases, and dissolved solids which can cause corrosion or deposition. The global boiler water treatment chemicals market report looks at the various agents used in ensuring the continuous working of steam boilers and industrial boiler systems for the period 2021 to 2030 (forecast period). Market Scope The global boiler water treatment chemicals market size can touch towering heights owing to the need for power generation. These chemicals can prevent scaling, a prime factor in increasing the pressure drop in boiler tubes and reducing steam volume. Rapid industrialization is one of the biggest drivers of the market owing to the increasing rate of power consumed by industries globally. For instance, high-pressure boilers are used by the food & beverage industry for fermentation, distillation, processing, and cleaning. The booming textile industr

 The global neopentyl glycol market is segmented by type, application, end-use industries, and region. Neopentyl glycol is available in various types including flakes, molten, and slurry. The type to be used is determined on the basis of the conditions specified for manufacturing and application. The molten type neopentyl glycol is used in saturated polyesters, unsaturated polyesters, and esters for powder coatings, gel coats, reinforced plastics, and synthetic lubricants respectively. The molten form is leading the market due to its wide consumption for manufacturing powder coatings, which emit less VOC. The slurry or suspension form is 90% neopentyl glycol by weight in water and is transported at a temperature ranging from 50–70ºC. The slurry form allows rapid esterification and high chemical & thermal stability. The neopentyl glycol flake is shipped at below 30ºC to prevent cake formation. The application segment includes coatings, adhesives & sealants, insulation, plasticiz

 Rising construction and mining activities worldwide is generating substantial market opportunities of construction lubricant. Market Research Future (MRFR) reports that the global construction lubricants market is set to demonstrate a compound annual growth rate (CAGR) of 4% during the forecast period (2022-2030). In 2022, the market stood at a valuation of USD 13 Mn. Given the rapid expansion of the equipment fleets, demand for global lubricants will continue to rise for the medium if not beyond. A variety of lubricant is available, of which categories such as engine oil, hydraulic oil and gear oil witness strong demand. The growth of the global construction sector is also proving the tailwinds to the global construction lubricants market. The arrival of synthetic lubricant is also expected to provide an impetus to the market in the forthcoming years. Inclination towards synthetic oils is being prompted by elements such as reduced cost, environmental viability and superior performa

  Key Players Prominent players profiled in the global high temperature coatings market report include Belzona International Ltd. (U.K.), Hempel (Denmark), Carboline (U.S.), Aremco (U.S.), Jotun (Norway), Axalta Coating Systems (U.S.), The Valspar Corporation (U.S.), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), and AkzoNobel N.V. (the Netherlands), among others.  Market Analysis The global high temperature coatings market is likely to grow at a notable CAGR between 2020- 2027, according to the recent report by Market Research Future (MRFR). Hot temperature coatings, simply put, are protective coverings that are put on equipment or materials to offer protection from abrasion and corrosion to the substrate. Owing to its excellent features such as reduced thermal fatigue, anti-oxidative property, and UV-resistance, it has wide applications in stoves, metal, marine, petrochemical, coil, automotive, and aerospace. High temperature coatings are used to offer biocompatibil

  Competitive Landscape: Various companies are making robust investments in the global The Dow Chemical Company LLC (U.S.), NOVA Chemicals Corporation (Canada), Exxon Mobil Corporation (U.S.), Mitsubishi Chemicals Corporation (Tokyo), Braskem (Brazil), Chevron Phillips Chemical Company (U.S.), Borealis AG. (Austria), and lyondellBasell Industries Holdings B.V. (Netherland). These companies are spending much to improve their global standing and, in the process, they are improving the holistic state of these countries. Overview: Linear low density polyethylene (LLDPE), by nature, is a copolymer that can be produced from a technique like copolymerization of the ethylene with butane, octane, and hexane. The use of ethylene in the manufacturing process ensures better temperature resistance & tensile strength. It also impacts the strength, flexibility, chemical resistance, odor, and translucent properties in a positive way. The global low density polyethylene market is in a perfect posit

  Key Players  The key players operating in the global metal matrix composites (MMCs) market include 3M (US), Ferrotec (USA) Corporation (US), Sumitomo Electrical Industry(Japan), Melrose Industries PLC (UK), Thermal Transfer composites LLC (US), Sandvik AB (Sweden), CPS Technologies Corporation (US), Schmolz + Bickenbach Group (Germany),  Tisics Ltd (UK), Plansee SE (Austria),  Ametek Inc. (US), Ceramtec (Germany), Materion Corporation (US), Alvant Ltd (UK), and Hitachi metal Ltd (Japan). Regional Analysis Asia-Pacific, Latin America, North America, Europe, and the Middle East & Africa are the regions analyzed under the scope of the market. North America was the leading market in 2018 and is expected to register the highest CAGR during the forecast period. Asia-Pacific held the second-largest market share in 2018, which is followed by Europe. The Latin American and the Middle East & African markets are expected to witness slow growth during the forecast period. Market Summary