Japan Chemical Industry Updates

Friday, September 30, 2022

Protective Clothing Market Emerging Trends and Will Generate New Growth Opportunities Status 2029

As per study by Fortune Business Insights™, the global protective clothing market is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

This Report Answers the Following Questions:

Which strategies are adopted by companies to intensify competition?
Which segment is likely to gain the maximum share in the coming years?
What are the challenges and opportunities that the market may come across in future?
What are the growth drivers and hindrances in the market?

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Fortune Business Insights™ lists out the names of all the organizations present in the global market. They are as follows:

Honeywell International Inc. (U.S.)
Lakeland Inc. (U.S.)
W. L. Gore & Associates, Inc. (U.S.)
PBI Performance Products, Inc. (U.S.)
TenCate Protective Fabrics (U.S.)
Kimberly-Clark Corporation (U.S.)
Ansell Microgard Ltd. (U.K.)
DuPont (U.S.)
Bennett Safetywear Ltd. (U.K.)
TEIJIN LIMITED (Japan)
Udyogi (India)
Sanctum Work Wear Pvt. Ltd. (India)
Derekduck Industries Corp. (Taiwan)
Protective Industrial Products (PIP) (U.S.)
Other prominent companies

Drivers & Restraints-

The Effects of Covid-19 Pandemic on the Market

In the healthcare environment, there is a rising demand for protective clothing to prevent contamination from various sources.
Healthcare workers are persistently working to control the rate of infection by correctly disposing and laundering the clothing.
The demand for surgical gowns, coveralls, and isolation gowns has upsurged rapidly from the healthcare sector to prevent the transmission of microorganisms through blood or bodily fluids in themselves, as well as the patients.
The Directorate General of Health Services, Ministry of Health and Family Welfare, OSHA, and World Health Organization (WHO) implemented new set of rules to be followed by the workers of primary health care centers, quarantine centres, laboratories, point of entries (POEs), and hospitals.

Regional Analysis-

North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety

The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.

Segment-

Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment

Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019.

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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 Protective Clothing Market Analysis, Insights and Forecast, By Product, 2016-2027
- Key Findings / Summary
- Global Protective Clothing Market Analysis, Insights and Forecast – By Product
  - Disposable
  - Durable

TOC Continued…!

Competitive Landscape-

Key Manufacturers Aim to Enhance Portfolio through Acquisitions

A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.

Below are two of the latest industry developments:

March 2020: Lakeland Industries, Inc. augmented its previously planned expansion of the manufacturing capacity by 30%. Since the past couple of years, it has invested around USD 6 million to widen its manufacturing footprint into India and Vietnam, increase margins, improve efficiencies, as well as add and update IT systems. The company decided to upsurge production because of the outbreak of Covid-19 pandemic.
February 2019: Protective Industrial Products, Inc. (PIP) successfully acquired West Chester Protective Gear. This new deal would solidify PIP’s position in the global market in North America. It would be able to deliver the retailers and distributors in the safety industry with a broad product portfolio that includes more flexible solutions.

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

The global cement market is projected to grow from USD 326.80 billion in 2021 to USD 458.64 billion in 2028. Nowadays, surging concerns of pollution are compelling governments of various countries to put forward norms to encourage companies to use carbon-negative manufacturing techniques. The United Nations Environment Program (UNEP), for instance, urges the utilization and production of new cement-based products that are both affordable and eco-friendly. Fortune Business Insights™ published this information in a report, titled, “Cement Market Size, Share & COVID-19 Impact Analysis, By Type (Portland, Blended, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2021-2028.” The report further states that the market stood at USD 313.60 billion in 2020. It is set to exhibit a CAGR of 5.1% during the forecast period in 2021-2028.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Cement 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 Cement 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.

JK Cement Ltd. Unveiled New Grey Cement Grinding Unit in Gujarat

In October 2020, JK Cement Ltd., a renowned building material company based in India introduced its new grey cement grinding unit in Gujarat’s Balasinor. It will have a production capacity of 0.7 mtpa. It will be developed in an area of eight hectares and will cost Rs. 200 crores. As per a company official, “This plant will help in providing access to high-quality product to customers and create more employment opportunities for local people.”

Increasing Demand for Blocks, Panels, and Roof Tiles to Drive Growth

The need for urbanizations has surged rapidly owing to the requirement of a better quality of life and more career opportunities. Hence, regulatory bodies are constantly taking numerous initiatives to support infrastructure and construction activities, especially in developing nations. At the same time, the demand for precast products, such as roof tiles, panels, and blocks would propel the consumption of cement. However, the high amount of pollution created by the production of the material may hamper the market growth.

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Key Companies Aim to Broaden Geographic Presence by Entering Asia Pacific Market

The market has a diversified structure on account of the presence of several renowned companies across the globe. Companies situated in Europe and North America are striving persistently to expand their geographic footprint by entering Asia Pacific. A few others are investing hefty amounts to expand their production capacities to fulfil the unmet needs of people.

A Notable Industry Development-

December 2020: HeidelbergCement is planning to initiate the Brevik carbon capture and storage (CCS) project after the Norwegian parliament approved investments. This would enable the transportation for permanent storage and capture of 400,000 tonnes of carbon dioxide every year. It will be the first industrial-scale project in the world.

Fortune Business Insights™ presents a list of companies operating in the global market. They are as follows:

CEMEX (Mexico)
HeidelbergCement (Germany)
InterCement (Brazil)
LafargeHolcim (Switzerland)
CRH plc (Ireland)
The Siam Cement Group (Thailand)
Titan Cement Company S.A. (Greece)
Aditya Birla Ultratech (India)
Votorantim Cimentos (Brazil)
Buzzi Unicem S.p.A. (Italy)
Mitsubishi Cement Corporation (U.S.)
Argos USA Corporation (U.S.)
CNBM International Corporation (China)
Taiheiyo Cement Corporation (Japan)
Drake Cement LLC (U.S.)

Further Report Findings-

In 2020, Asia Pacific held USD 220.69 billion in terms of revenue and is likely to lead in the upcoming years. China is set to be the major growth contributor as it is the largest consumer and producer of cement worldwide.
The Middle East & Africa would exhibit substantial growth on account of the high demand for the product owing to the surging infrastructural activities. Also, oil exploration and mining activities in the region would drive growth.
Based on applications, the residential segment generated 3% in terms of the cement market share in 2020. The non-residential segment, on the other hand, is set to dominate in the near future stoked by the high demand for the product from various applications, such as the development of industrial buildings, dams, stadiums, roads, transportation hubs, and commercial complexes.

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Japan Natural Stone and Marble Market research also assesses the market’s size in terms of revenue during the predicted period

In a recently published report by Fortune Business Insights™, titled, "Japan Natural Stone and Marble Market Report 2022", the analysts have provided an in-depth overview of the Japan Natural Stone and Marble Market. The report is an all-inclusive research study of the Japan Natural Stone and Marble market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The Japan Natural Stone and Marble market size was valued at USD 48.80 billion in 2021. The market size is expected to rise from USD 51.76 billion in 2022 to USD 68.06 billion by 2029 at a CAGR of 4.0% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, “Japan Natural Stone and Marble Market, 2022-2029″. According to the report. The market is expected to rise during the projected period due to increasing demand for natural stones for decorative applications.

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 market. The study assesses the market size of the 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 Natural Stone and Marble Market Report:

Top companies covered are CUPA Group (Spain), Southland Stone USA, Inc. (USA), Polycor Inc. (Canada), MARGRAF (Italy), Dermitzakis Bros S.A. (Greece), Dimpomar (Portugal), Xishi Stone Group (China), Temmer Marble(Turkey), RANAMAR (Turkey), Levantina y Asociados de Minerales, S.A. (Spain), Antolini Luigi & C. S.p.A. (Italy), Aro Granite Industries Ltd. (India), and more players profiled.

Most Important Features in this Report:

1. Detailed market study of the Japan Natural Stone and Marble 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 Japan Natural Stone and Marble Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the Japan Natural Stone and Marble Market:

The Japan Natural Stone and Marble research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The 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 Natural Stone and Marble 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global Japan Natural Stone and Marble Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global Japan Natural Stone and Marble Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

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

Continued…

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Thursday, September 29, 2022

Bio-based PET Market Key Drivers, Industry Size, Regional Investments and Top Segments and Forecast by 2029 | Increasing Demand for Eco-Friendly Products in North America to Favor Growth

The global bio-based PET market size is expected to showcase a substantial growth during the forecast period. This growth is attributable to the increasing demand for reducing greenhouse emissions and the stringent government regulations regarding the adoption of petroleum-based polymers. This information is published by Fortune Business Insights, in its upcoming report, titled, “Bio-based PET Market Size, Share & Industry Analysis, By Application (Bottles, Consumer Goods, Technical, Others) and Regional Forecast, 2022-2029.”

Bio-based PET is primarily a bioplastic material that is fully biodegradable, renewable, recyclable, and compostable. It is derived from naturally occurring polyester resin and is used in the production of several industrial applications such as packaged goods, automotive interiors, and bottles, among others. The growing innovation has further led to the development of PET bottle derived from plants that is propelling the demand for biodegradable bottles to reduce the carbon footprint and promote sustainability across the globe.

What does the Report Include?

The global market for bio-based PET report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting the growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2022 and 2029.

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DRIVING FACTORS

Increasing Focus on Reduction of Greenhouse Emissions to Aid Growth

According to a report by the Plastics Solutions Fund, annual emissions are expected to grow by 2.75 billion metric tons of carbon-dioxide from plastic incineration and production by 2050. The problem of plastic pollution is posing a threat to the Earth’s climate with the rising global temperature every year. Therefore, to reduce the greenhouse emissions, manufacturers are developing innovative bio-based PET to avert the degradation of environment and reduce the carbon footprint. The growing adoption of bio-based products worldwide is further expected to boost the global bio-based PET market during the forecast period.

REGIONAL INSIGHTS

Increasing Demand for Eco-Friendly Products in North America to Favor Growth

Among all the regions, North America is expected to dominate and hold the highest position in the global bio-based PET market in the forthcoming years. This dominance is attributable to the increasing demand for eco-friendly bio-based PET products from several industries such as pharmaceuticals, food & beverage, and cosmetics in the region.

The market in Europe is anticipated to experience an exponential growth backed by stringent government regulations imposed to reduce carbon emissions from the automotive that would favor the demand for bio-based PET to reduce the weight of the vehicle between 2022 and 2029.

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COMPEITITVE LANDSCAPE

Product Launches by Major Companies to Expand Their Product Portfolios & Boost Sales Revenue

The market is consolidated by the presence of major companies that are striving to consolidate their positions by introducing innovative bio-based PET products to expand their product portfolios during the forecast period. The other key players are adopting strategies such as merger and acquisition, collaboration, and partnership to further boost their sales revenue that is anticipated to bode well for the global bio-based PET market in the forthcoming years.

Industry Development:

August 2020 – Kalion Inc. announced that it received a $746,822 grant by National Science Foundation (NSF) to conduct research and development activities to improve the production of bio-based glucaric acid. The acid is favorable to produce future bio-based PET bottles and other wide range of sustainable products.

List of the Companies Profiled in the Global Market for Bio-based PET:

Toyota Tsusho Corporation
Toray Industries, Inc.
TEIJIN LIMITED
M&G Chemicals
Plastipak Holdings, Inc.
Novamont S.p.A.
NatureWorks LLC
Anellotech
Gevo
Other key players

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Paints Coatings Additives Market Revenue In Japan| Paints Coatings Additives Industry Future Growth, Trends and Top Key Players

According to Fortune Business Insights The global paints & coatings additives market size is expected to reach USD 12,659.4 million by 2027, while exhibiting a CAGR of 5.9% between 2020 and 2027. This is attributable to the surging demand for advanced paints & coatings additives owing to the increasing residential projects and the rising automotive sector across the globe. This information is published by Fortune Business Insights, in its latest report, the report further mentions that the market stood at USD USD 8,299.7 million in 2019.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Paints Coatings Additives 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 Coatings Additives Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

Temporary Halt to Painting & Coating Activities amid COVID-19

The global lockdown imposed by the government agencies has affected the painting and coating applications across the globe. To curb the widespread of the disease, the workers are following regulations that include quarantine and social distancing norms. This has hindered the global market for paints & coatings additives to some extent. However, the pandemic has escalated several DIY projects, wherein, the people confined to their home spaces are taking up painting and coating activities to improve the aesthetic look of their living rooms. This will favor the market growth in the near future.

Paints and coatings additives consist of emulsifiers, pigments, curing catalysts, thickeners, and dispersants, among others. These additives are extensively adopted to enhance the inherent properties such as good leveling and flow, UV protection, high-temperature stability, and chemical resistance. This makes them an ideal choice for applications across automotive and construction sectors globally.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

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DRIVING FACTORS

Increasing Focus on Development of Residential Sector to Augment Growth

The novel coronavirus has hampered the painting and coating applications across the globe. However, the growing do-it-yourself projects undertaken by the people to decorate their homes are driving the demand for paints and coatings additives. These additives are extensively adopted as emulsifiers, dispersants, thickeners, photo-stabilizers, and leveling agents as they provide efficient corrosion protection for infrastructures. Additionally, they improve the overall shelf life of coatings and increase the substrate durability. Owing to their several benefits, the surging adoption of advanced additives is expected to boost the global paints & coatings additives market growth during the forecast period.

SEGMENTATION

Automotive Segment Held 7.6% Market Share in 2019

The automotive segment, based on application, held a market share of about 7.6% in 2019 and is projected to experience a considerable growth during the forecast period. This is ascribable to the growing demand for automotive that propel the demand for advanced paints & coatings additives across the globe. These additives are beneficial in providing surface protection and texture enhancement in automobiles.

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Wednesday, September 28, 2022

Japan Caps & Closures Market analysts and researchers have done extensive analysis of the market

In a recently published report by Fortune Business Insights™, titled, "Japan Caps & Closures Market Report 2022", the analysts have provided an in-depth overview of the Japan Caps & Closures Market. The report is an all-inclusive research study of the Japan Caps & Closures market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global Japan Caps & Closures market size is predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for Japan Caps & Closures during the forecast period. According to the Fortune Business Insights in a report, titled “Japan Caps & Closures Market Size, Share and Industry Analysis, and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the Japan Caps & Closures market in the forthcoming years.

Key Players in the Japan Caps & Closures Market Report:

Top 5 companies profiled in Closure Systems International, Inc. , Silgan Closures GmbH , Crown Holdings , Pact Group Holdings , Berry Plastics Corporation , Alpha Packaging , Amcor plc , and more players profiled in Japan Caps & Closures Market research report..

Most Important Features in this Report:

1. Detailed market study of the Japan Caps & Closures 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 Japan Caps & Closures Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the Japan Caps & Closures Market:

The Japan Caps & Closures research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The 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 Caps & Closures 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 Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global Japan Caps & Closures Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global Japan Caps & Closures Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

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

Continued…

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Silica Flour Market Expansive Coverage on the Latest Trends, Developments and Forecast, 2028

As per a published report the global silica flour market size is projected to reach USD 502.6 million by 2027 owing to the increasing utilization of the material in the production of ceramic, states Fortune Business Insights™ in its report, titled “Silica Flour Market, 2020-2027”. As per the report, the value of the market stood at USD 397.5 million in 2019 and is projected to register a CAGR of 3.5% from 2020 to 2027.

COVID-19 Impact

COVID-19 has put a halt on most of the operations around the globe in the first quarter of the global pandemic. As a result of which, the mining processes at all levels were affected. The complete shutdown of the mines has disrupted the supply of the raw materials required for silica flour, thereby restraining its growth during the forecast period.

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U.S. Silica Acquires Former Ceramic Proppant Facility

In July 2019, U.S. Silica announced the acquisition of a former ceramic proppant facility in Georgia, the U.S. With the help of the new facility, the company will be able to lower its production cost and improve its supply chain. This will also help the company move down in the value chain. In addition, the launch of this facility is anticipated to aid the company to accelerate product development and facilitate product customization as requested by the clientele, thereby boosting the silica flour market growth.

Paints and Coatings Segment to Register Highest Growth

Based on application, the market is segmented into paints & coatings, polymers, glass, and ceramics (sanitary ware, tiles, and others). The paints and coatings segment is expected to register the highest growth owing to the properties offered by silica, such as reflectance, brightness, and color consistency, that are ideal for producing paint. On the other hand, the ceramic segment held a share of 5.3% in 2019. In terms of the region, the market has been clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Increasing Disposable Income from the Developing Part of Asia Pacific to Strengthen Demand

The Asia Pacific silica flour market is projected to witness significant growth during the forecast period. The market secured a total value of USD 157.1 million in 2019. The increasing disposable income of the population in major countries of the region is estimated to accelerate the demand for silica flour in the region.

North America is projected to hold a considerable silica flour market share in the upcoming future. The key factor boosting the market growth of silica flour in the region is the rapid expansion observed in industries, such as paints & coatings and oil & gas.

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Innovation and Research to Aid Key Players offer more Efficient Products

Prominent manufacturers operating in the global market are focusing on innovation and research in order to offer a wide variety of products to their customers. This will help them expand their portfolio and expand their customer base. For instance, U.S. Silica has developed core proficiencies in operations, such as mining, processing logistics, and materials science, enabling the company to offer over 400 products worldwide.