Permanent Magnet Market Revenue Growth and Quantitative Analysis Till 2026 |

The global permanent magnet market size is expected to reach $34.70 billion by 2026 owing to the rising need for energy and the use of strong magnets for power generation. A permanent magnet is a device that can retain its magnetic properties despite being in an atmosphere with no magnetic field. A permanent magnet can also be called a hard magnet due to properties such as large magnetic moment, and low permeability. Permanent magnets are used in various kinds of loudspeakers, and other home appliances, and are available in variety such as ferrite magnets, alloy magnets, bonded magnets, and others. According to a recently published report by Fortune Business Insights, the market value stood at $17.85 billion in 2018 and will exhibit a CAGR of 8.7% in the forecast duration set between 2019 to 2026.

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SMMV Manufacturing Plant in Vietnam to Strengthen Portfolio by Increasing Production Capacity

Shin-Etsu Magnetic Materials Vietnam Co., Ltd. (SMMV) completed constructing a manufacturing plant for rare earth magnet in Hai Phong Province of Vietnam in the year 2016 and started operating from June 2017. Rare earth magnets are used for a variety of applications such as electric and hybrid automobiles, hard disk drives, and energy-saving air conditioners. The SMMV aims at multiplying the production capacity by two times up to 2,200 tons of earth magnet on an annual basis. The magnets produced in this plant will be shipped t0o end-users after processing them in other plants located in different nations across Southeast Asia. Such initiatives taken by market vendors are likely to aid in the expansion of the market in the future years.

Increasing Use of Neodymium Iron Boron Will Add Impetus to Market

The increasing demand for consumer electronics is a major permanent magnet market growth. This includes gadgets such as Music systems, computers, laptops, mobile phones, and others. In addition to this, the increasing use of neodymium iron boron (NdFeB) with its beneficial properties such as repulsion, attraction, and energy conversion will also aid in the expansion of the market in the coming years.

On the negative side, the fluctuating prices of raw materials such as alloys, and increasing prices of energy may cause major hindrance to the overall market in the coming years.

Players Aiming at Setting up Bases in China to Gain Competitive Edge

China holds an estimate of more than 70% of the market share. Therefore, players are aiming at expanding their geographical base in this nation and investing heavily in the same for gaining an upper hand on resources and production while cutting down the export cost. Besides this, vendors are engaging in mergers and acquisitions, contracts and agreements, joint partnerships, and other collaborative efforts to attract high revenue to the market in the forthcoming years.

Significant Industry Developments of Market include:

May 2018 – A consolidated subsidiary of Santoku Corporation was acquired by Hitachi Metals Ltd. for turning it to a wholly-owned subsidiary to strengthen the cooperation between companies and accelerate the process of decision making.

February 2019 – A new research and development facility was formed by Arnold Magnetic Technologies at the MGE Innovation Center complex located in Wisconsin, United States.

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List of Notable Market Manufacturers are:

• Hangzhou Permanent Magnet Group
• Electron Energy Corporation
• Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
• TDK Corporation
• Tengam Engineering, Inc.
• Daido Steel Co., Ltd.
• Bunting Magnetics Co.
• Arnold Magnetic Technologies Corp.
• Alpha Magnet
• Shin-etsu Chemical Co., Ltd.
• Tridus Magnetics and Assemblies
• Adams Magnetic Products Co., Inc.
• Ningbo Yunsheng Co. Ltd.
• Hitachi Metals, Ltd.
• Integrated Magnetics

Further Report Findings

• Asia Pacific held the dominant permanent magnet market share with a revenue of USD 13.82 Billion in 2018, attributed to increasing demand for consumer electronics and applications running on energy.

• Based on segmentation by application, the market is dominated by the consumer electronics segment on account of 36.7% share on account of the demand for various devices such as smartphones, laptops, speakers, and others.

Japan Recycled Plastic Market Growth, SIze, Share in 2028

 Japan Recycled Plastic Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the global Recycled Plastic market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the global Recycled Plastic Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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According to research study by Fortune Business Insights™ The global Japan Recycled Plastic Market size is projected to reach USD 72.6 billion by the end of 2026. The presence of several large scale companies across the world will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 37.8 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2022-2027.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Recycled Plastic Market. The study assesses the market size of the global Recycled Plastic industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the Japan Recycled Plastic Market Report:

Top Players Covered in the recycled plastics market Research Report are Moisture Shield, Berkshire Hathaway Incorporated, BioCore LLC, CarbonLite Industries LLC, The Coca-Cola Company Incorporated, Coll Materials Incorporated, Custom Polymers Incorporated, Dart Container Corporation, Entropex, Envision Plastics Industries LLC, Fresh Pak Corporation, Hilex Poly, Company LLC among others.

The following are some of the Japan Recycled Plastic Market Reports' Most Important Features:

1. Detailed market study of the Recycled Plastic market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Recycled Plastic Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Recycled Plastic Market Performance

Recycled Plastic Market Segmentation

Next, the research report reveals the development of the Recycled Plastic market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Recycled Plastic Market:

The Recycled Plastic research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Recycled Plastic study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Recycled Plastic research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the Japan Recycled Plastic Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Recycled Plastic Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Recycled Plastic industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Recycled Plastic research data of various companies, benefits, gross margin, global market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Recycled Plastic industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Recycled Plastic Market Industry Analysis
Chapter 5. Recycled Plastic Global Market, by Type
Chapter 6. Recycled Plastic Global Market, by Application
Chapter 7. Recycled Plastic Global Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Japan Rubber Market Growth, Size, Share, Analysis

 Japan Rubber Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  Rubber market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Rubber Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The Japan Rubber Market size is expected to reach USD 51.21 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period. The heavy demand from the automotive industry owing to its insulation property, and will propel the growth of the market during the forecast period, states Fortune Business Insights, in a report, titled “Japan Rubber Market Size, Share & Industry Analysis and Regional Forecast, 2020-2027.” The market size stood at USD 40.77 billion in 2019.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Rubber Market. The study assesses the market size of the Rubber industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the Japan Rubber Market Report:

Top Companies covered in the Japan Rubber Market are ARLANXEO (Netherlands), Kumho Petrochemical Co., Ltd. (Japan), PetroChina (China), TSRC Corporation (Taiwan), LG Chem (Japan), Versalis (Italy), Dow Chemicals (U.S.), Von Bundit (Thailand), Sri Trang Agro-Industry (Thailand), Southland Holding Lonza (Thailand), Vietnam Rubber Group (Vietnam), Tradewinds Plantation Berhad (Malaysia), Tong Thai Rubber Group (Thailand), Ravasco (India), Halcyon Agri (Singapore) and more players profiled.

The following are some of the Japan Rubber Market Reports' Most Important Features:

1. Detailed market study of the Rubber market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Rubber Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Rubber Market Performance

Rubber Market Segmentation

Next, the research report reveals the development of the Rubber market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Rubber Market:

The Rubber research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Rubber study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Rubber research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the Japan Rubber Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Rubber Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Rubber industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Rubber research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Rubber industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  Rubber Market Industry Analysis
Chapter 5. Rubber  Market, by Type
Chapter 6. Rubber  Market, by Application
Chapter 7. Rubber  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

U.S.:+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

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Plastic Compounding Market Analysis, Company Profiles and Industrial Overview Research Report Forecasting by the End of the Year

The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

 

Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

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Drivers & Restraints-

Increasing Number of Commercial & Residential Projects to Augment Growth

Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

 

List of the Companies Profiled in the Global Plastic Compounding Market are:

• LANXESS A.G.
• BASF SE
• PolyVisions
• Asahi Kasei Corporation
• Aurora Plastics LLC
• SABIC
• LyondellBasell
• Kingfa SCI. & TECH. CO., LTD.
• DuPont
• Celanese Corporation
• RTP Company
• Solvay S.A.
• KURARAY CO., LTD.
• Kraton Corporation
• Covestro AG
• Kraton Corporation
• MRC Polymers
• Adell Plastics
• Other Key Players

 

Regional Analysis-

Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand. 

Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.

 

This Report Answers the Following Questions:

• What are the plastic compounding market trends?
• How many growth drivers and barriers will the market possess?
• Which organizations are set to remain on top in the market?
• What are the strategies adopted by industry giants to strengthen their position?
• Which segment is set to dominate the market during the forthcoming years?

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Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Emerging Trends – For Major Countries
  • Key Developments: Mergers, Acquisition, Partnership, etc.
  • Latest Technological Advancement
  • Insights on Regulatory Scenario
  • Porters Five Forces Analysis
• Global Plastic Compounding Market Analysis, Insights and Forecast, 2015-2026
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Type
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Poly Vinyl Chloride (PVC)
    • Polystyrene (PS)
    • Polyethylene Terephthalate (PET)
    • Polybutylene Terephthalate (PBT)
    • Polyamide (PA)
    • Polycarbonate (PC)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Others
  • Market Analysis, Insights and Forecast – By Application
    • Automotive & Transportation
    • Infrastructure & Construction
    • Electrical & Electronics
    • Packaging
    • Consumer Goods / Lifestyle
    • Industrial Machinery
    • Healthcare & Pharmaceuticals
    • Others
  • Market Analysis, Insights and Forecast – By Region
    • North America
    • Europe
    • Asia pacific
    • Latin America
    • Middle East & Africa

TOC Continued…!

 

Competitive Landscape-

Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.

 

Below are a couple of the latest key industry developments:                       

• September 2019: Lanxess Aktiengesellschaft, a specialty chemical company, based in Germany, inaugurated its new plastic plant in China. The facility will produce Pocan- and Durethan-branded high-quality plastics, mainly for the electrical and electronic industry, as well as the automotive sector.
• February 2018: LyondellBasell Industries N.V., a multinational chemical company headquartered in the Netherlands, acquired A. Schulman, Inc., an American supplier of plastic compounding products based in the U.S. The total deal was worth USD 2.25 billion. It would help the former in broadening its geographic presence.

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Paints and Coatings Market Share, Size, Expected Growth Opportunities and Forecast by 2027 | Know the Russia Ukraine Impact On Paints and Coatings Industry in Japan

The global paints and coatings market size is projected to reach USD 217.66 billion by 2028, exhibiting a CAGR of 5.4% during the forecast period. The development of environment-friendly coatings by companies is expected to bring new dimensions of growth in the market, observes Fortune Business Insights™ in its report, titled “Paints and coatings Market, 2021-2028.” the market size stood at USD 145.15 billion in 2020.

As they dry up, paints and coatings release toxic substances known as Volatile Organic Compounds (VOCs). Moreover, VOCs cause significant harm to the environment, contributing to smog formation and Ozone Layer depletion. Many leading companies in the coatings and paints industry are developing and launching eco-friendly products to address these issues. For example, in July 2020, Stepan Company launched the STEPANPOL® PC-6000 series, its next-gen polyester polyols designed to reduce VOC content in polyurethane coatings. Similarly, allnex China released its new acrylic dispersions in July 2020, which can create coatings with zero VOC content. These innovations are leading the trends in this market and fueling its growth.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Paints and Coatings Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Paints and Coatings Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity.

Market Segments:

Waterborne Coatings to Account for Maximum Share

Based on resins, the market is divided into epoxy, acrylic, polyester, alkyd, PU, and others. Acrylic resin is expected to hold the largest share due to its drying rate, adhesion, flexibility, and relative resistance properties.

Based on technology, the market is classified into waterborne, solvent-borne, powder coating, and others. Waterborne coatings are expected to account for a significant share during the forecast period due to its increased usage in automobiles, furniture, plastic, wood, and printing inks industries.

Based on application, the market is categorized into architectural, automotive OEM, marine, coil, general industries, protective coatings, automotive refinish, industrial wood, and others.

Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The Report Encompasses?

• Quantitative and qualitative insights into the market size, share, and revenue;
• Actionable research into the major drivers and restraints of the market;
• In-depth analysis of all market segments; and
• Careful evaluation of the regional and competitive dynamics shaping the market.

Driving Factor:

Increasing Adoption of Ceramic Coating for Vehicles to Aid Growth

The paints and coatings market growth is increasingly influenced by the rising preference for ceramic coating solutions over conventional wax or paint in the automotive industry. This changing preference is attributable to the wide array of benefits offered by ceramic coatings. For example, ceramic coatings have hydrophobic properties, which ensure that substances such as bird droppings or snow do not stick to the exterior of the vehicle. Harder coatings such as those made from quartz even protect the vehicle from scratches and debris, preserving its fresh appearance even after years of use. Furthermore, ceramic coatings are highly cost-effective compared to wax, as the latter does not last more than three months and needs to be reapplied regularly. Ceramic car protection is more long-lasting and durable, and with proper maintenance, it can serve for years before needing reapplication. Thus, the emergence of ceramic coating solutions for automobiles is propelling the demand for advanced paints & coatings.

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Regional Insights

Promising Progress in the Construction Industry in Asia Pacific to Animate Market Spirits

Asia Pacific is expected to lead the paints and coatings market share in the forecast period because of surging growth in construction activities in Asia Pacific. Driven by rapid urbanization and industrialization in India and China, the demand for paints and coatings is escalating in the Asia Pacific region, creating lucrative business opportunities for market players. In 2020, the region’s market size accounted for the highest share.

North America holds a prominent position in the global market owing to the increasing application of coatings and paints in the refurbishment and remodeling of outdated infrastructures in the region. The market in Latin America is also expected to make substantial gains in the coming years owing to massive infrastructure development projects planned in Peru, Colombia, and Brazil.

Industry Developments:

Engineering Sustainable Coatings to be the Key Focus Area for Market Players

Capitalizing on the sustainability trend currently dominating the paints and coatings industry, many players in this market are investing in R&D to build their portfolio of sustainable coatings. Additionally, some companies are strategically acquiring regional players to expand their presence in burgeoning markets.

Industry Developments:

• August 2020: PPG Industries and Sibi, a supply chain platform, entered into a 4-year-long agreement with Tricon American Homes (TAH) to deliver PPG’s paint solutions. The deal entails TAH utilizing PPG’s low VOC-emitting paint products for its 21,000 single-family and 7,000 multi-family rental properties across the US.
• October 2019: Berger Paints India announced the acquisition of STP Ltd, a construction materials maker based in Kolkata, for an estimated value of INR 167.5crore. The takeover will allow Berger to strengthen its distribution, procurement, and manufacturing of paints and coatings in the flourishing Indian construction industry.

List of Key Players Covered in the Global Market:

• Dunn-Edwards Corporation (U.S.)
• TIKKURILA OYJ (Finland)
• Nippon Paint Holdings Co., Ltd. (Japan)
• The Sherwin-Williams Company (U.S.)
• Kansai Nerolac Paints Limited (India)
• AkzoNobel (Netherlands)
• Axalta Coating Systems (U.S.)
• S K Kaken Co., Ltd (Japan)
• RPM International Inc. (U.S.)
• Jotun (Norway)
• NIPSEA GROUP (Singapore)
• Kwality Paints and Coatings Pvt. Ltd. (KPCPL) (India)
• PPG Industries, Inc., (U.S.)

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Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

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Phone:

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UK: +44 2071 939123

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Butyl Glycol Market Share Analysis, Growth, Opportunities to 2029 | Rising Demand of Butyl Glycol as Cleaning Agents to Aid Growth

 The global butyl glycol market size was USD 0.79 billion in 2020. The market is projected to grow from USD 0.83 billion in 2021 to USD 1.17 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period.

This vital information is presented by Fortune Business Insights™, in its report, titled, “Butyl Glycol Market, 2021-2028.”

As per the research team, factors such as inexpensive nature and non-volatile nature of the product along with a sweet ether-like odor will bolster the growth of the market globally. Solvents are expected to capture the largest market share during the forecast duration owing to extensive usage towards paints and coatings sector.

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COVID-19 IMPACT

COVID-19 to Hinder Market Due to Slowdown of Production Activities

The COVID-19 pandemic has brought on staggering changes to the global economy and the sector of butyl glycol was no different. The chemical sector has unprecedented disruptions in supply and production routes for fertilizers, plastics, packaging products, specialty chemicals and others. Also, volatility among the pricing of raw materials will falter the growth of the market during the forecast period. Moreover, a sudden shift among consumer spending has been observed which will further cause a drop in demand for chemicals. The paints and coating sector has also declined due to decreased requirements from the sector of construction, automotive and industrial to name a few.

Report Coverage

The report offers a holistic overview of the market in terms of evaluating all market segments and an in-depth analysis of market drivers, trends, restraints, and opportunities. Further, the study contains invaluable insights into the global regional dynamics that shape the market in terms of highlights and further examine the dominant players’ profiles and strategies. An on-point analysis helps our readers accurately strategy plan their upcoming business needs. The report further offers key points which will help a business thrive towards yielding higher profit margins.

Segmentation

On the basis of application, the market can be divided into solvent, chemical intermediate, and others. Solvents are expected to occupy the largest market share due to a lower cost and decreased volatility.

Geographically, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Drivers and Restraints

Rising Demand of Butyl Glycol as Cleaning Agents to Aid Growth

Increased adoption of butyl glycol has seen rising usage towards industrial and domestic cleaning solutions along with various sterilizing chemicals and other similar products. Rising usage among the petroleum sector will further boost the growth of the market during the forecast duration. Growing demand for the compound as surface active components and increased usage of solvents in paints and coating will increase the footprint of the market. Various factors such as volatility, solubility in water and hydrophobic substances will further fuel the butyl glycol market share.

However, the carcinogenic nature towards laboratory animals will hamper the growth of the market during the forecast duration.

Regional Insights

Asia Pacific to Regain Largest Market Share Due to Large Production Hub

Asia Pacific held the largest market share in 2020 due to the presence of China accounting for more than 60% of the Asian market. Also, rising demand for inexpensive and less volatile industrial solvents will boost the growth of the market. The region also boasts of a huge production center which will further increase the outreach of the market during the forecast period.

North America will contribute a significant market share due to rising demand for industrial solvents from various end-sectors. Also, rising constructional activities due to increasing demand for paints will boost the butyl glycol market growth in the region.

Europe will also hold a major market share during the forecast period due to the presence of a large manufacturing base coupled with increasing demand for solvents from the paints and coatings sector.

Competitive Landscape

Strategies such as Mergers & Acquisitions to Dominate Market Overview

Key players are adopting various strategies for cementing their position in the market. One prominent strategy is launching novel products and gaining a wider consumer base. Mergers & acquisitions and various collaborations will further increase the footprint of the respective players. For example, in April 2021, SABIC announced the takeover of Saudi Aramco’s Petrochem sales operations. This takeover will be responsible for marketing and regulating sales of polymers and petrochemicals.  

Key Industry Development

• August 2021: Eastman Chemical Company made an announcement raising their prices for a batch of specialty chemicals including EB solvents in North America and Latin America effective from 1^st September 2021.

List of Key Players Covered in the Butyl Glycol Market Report

• Anshika Polysurf Ltd. (Gujarat, India)
• Nippon Nyukazai Co. Ltd. (Tokyo, Japan)
• Sasol Ltd. (Sandton, South Africa)
• Lyondell Basell Industries N.V. (Rotterdam, Netherlands)
• Eastman Chemical Corporation (Kingsport, U.S.)
• Asia Pacific Petrochemicals Co Ltd (Bangkok, Thailand)
• Dow Chemical Company (Michigan, U.S.)
• BASF SE (Ludwigshafen, Germany)
• INEOS (London, U.K)
• Solventis Ltd (Guildford, U.K.)

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Japan Liquid Crystalline Polymers Market Expected High Growth by 2029 | Expansion of Electrical & Electronics Industry to Propel Market Growth

 The global liquid crystalline polymers market size is predicted to reach USD 2.31 billion by 2029 and exhibit a CAGR of 8.0% during the forecast period. The increasing vehicle electrification and the swift expansion of the electrical and electronics industry are likely to foster growth for the market. Fortune Business Insights^TMhas presented this information in its report titled, “Liquid Crystalline Polymers Market, 2022-2029”. The market size stood at USD 1.29 billion in 2021 and USD 1.34 billion in 2022.

Liquid crystalline polymers or LCPs offer exemplary electrical properties, oil, gas, chemical resistance and high heat tolerance, which augments their usage in the automotive and electronics industries.

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COVID-19 Impact-

Decreased Electrical & Electronics Production Due to COVID-19

The electrical and electronics industry suffered temporary shutdowns of manufacturing plants, which has affected the demand for LCPs. The global trade bans and supply chain disruptions to curb the virus spread aggravated the situation. However, the market is stabilizing due to growing vehicle sales and increasing demand for electronic devices. Hence, the market is projected to gain substantial development in the coming years.

Segments-

On the basis of type, the market is bifurcated into extrusion molding and injection molding. On the basis of application, the market is divided into aerospace & defense, automotive, electrical & electronics, and others. Geographically, the market is classified into Europe, Asia Pacific, North America, and the Rest of the World.

Report Coverage-

• It provides a thorough breakdown of the market’s competitive landscape.
• It highlights the latest developments occurred in the most recent years.
• It covers regional analysis across various geographies.
• It highlights various market segments- type, application, and others.
• It covers a thorough analysis of the COVID-19 pandemic’s impact on the market.

Drivers & Restraints-

Expansion of Electrical & Electronics Industry to Propel Market Growth

LCPs offer low moisture absorption, high strength, and vibration damping properties. These properties make them ideal for application in various electronic components, including circuit boards, composites, and electrical motor parts. The swift infrastructure development, improving consumer disposable income levels, and technological advancements fuel the expansion of the global electronics industry, which in turn fosters the global liquid crystalline polymers market growth. 

The development and growing adoption of 5G communication is anticipated to augment market growth. LCPs are ideal for millimeter-wave high-frequency substrates, and the rising development in smartphone technologies is anticipated to amplify the market’s growth in the coming years.

However, the high price of liquid crystalline polymers may restrain the market growth.

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Regional Insights-

Asia Pacific to Lead Market due to Expanding Electronics & Automotive Industries

Asia Pacific is projected to attain a major liquid crystalline polymers market share. The high electronics production and the escalating consumer inclination for electronic products are expected to boost growth in Asia Pacific. Additionally, favorable government norms for magnifying production capacities of automotive and electronics manufacturers are estimated to bolster growth in the region.

North America is predicted to gain remarkable growth due to the expanding automotive and electronics industries. The growing adoption of liquid crystalline polymers to upgrade 5G communication technology is likely to offer lucrative growth for the market.

Europe is anticipated to expand due to rising product usage in the medical, aerospace, and automotive industries.

The Rest of the World will gain significant growth due to swift infrastructure development, technological advancements, and the soaring electric vehicle demand.

Competitive Landscape-

Key Players Take on Innovative Strategies to Acquire Growth

Currently, Sumitomo Chemical, Polyplastics, and Celanese Corporation occupy more than 63% of the market share. The major players operating in the market emphasize collaborations, acquisitions, mergers, product innovations, and capacity improvements to fortify their global presence. For instance, Polyplastics Co. Ltd., in September 2021, unveiled its plans to build a polymerization plant to expand liquid crystalline polymers polymerization capacity to 25,000 tons per year.

List of Key Market Players-

• Celanese (U.S.)
• Polyplastics Co. Ltd (Japan)
• Sumitomo Chemical Company (Japan)
• ENEOS LC Co., Ltd. (Japan)
• Solvay (Belgium)
• Shenzhen Wote Advanced Materials Co. Ltd (China)
• Kingfa Sci. & Tec. Co., Ltd. (China)
• Ueno Fine Chemicals Industry (Japan)
• Shanghai PRET (China)
• TORAY (Japan)

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