India Polyacrylamide Copolymer – Market Insights

Wastewater management is a pressing issue in India. This is the primary reason why any new technology or procedure that can allow efficient wastewater management is instantly adopted in this country. Owing to the increased demand for purifying water, the India polyacrylamide copolymer market is gaining force.

Recently, Market Research Future, a firm which specializes in providing research reports on various domains released a report on this market. According to it, this market will experience significant growth in the forthcoming years. The CAGR for the projection span of 2017-2021 is estimated to be 9.3%. The probable revenue return figures also look good and promise a great future ahead from a fiscal point of view.

As already mentioned, polyacrylamide copolymer Market Overview can facilitate wastewater management in an efficient manner. This substance possesses ionic properties, hence it has the ability to act like a flocculating and coagulating agent. It is effectively employed for sewage treatment as it can segregate solid and liquid. At present, the awareness regarding environmental conservation is widespread in India and this fact plays a pivotal role in driving the growth of the India polyacrylamide copolymer market.

Some other factors that further propel the already growing India polyacrylamide market are the rapid development in the petroleum industry, shifting lifestyle patterns of individuals, increased demand for comfort food items, augmented need for pure drinkable water and lastly the speedy development in shale and gas production.

Apart from these aspects, additional factors that positively influence the market’s expansion are higher investments to procure exceptional resources by major players, expansion and development of the mining business.

However, the market will have to overcome certain restraints like negative health effects of this compound. Efforts are being undertaken to resolve this issue and soon enough the India polyacrylamide copolymer market will cope with such small issues.

Market Segmentation

The research report published by Market Research Future on ‘India Polyacrylamide Copolymer Market’ has dedicated a distinct section to provide a comprehensive segmental analysis of this market. Here are some of the most important insights of the same.

By application – Oil & gas, waste water treatment and paper making. Wastewater treatment segment governs the market and grabs the largest chunk of the market share. The main reason for this has been identified as the numerous initiatives implemented by the government in order to protect the leftover natural water resources of India. The oil & gas segment accounts for the second largest share of the market and is expected to grow at a steady pace during the forecast period.

By type – Cationic, amphoteric and anionic.

Comprehensive Regional Analysis

India polyacrylamide market overview is the most prominent in Southern-India. According to the research report by Market Research Future, South-India holds the maximum number of market shares. West-India is anticipated to be the fastest growing area during the forthcoming forecast span. And lastly, North-India is also expected to witness a considerable amount of development in the coming years.

Industry News

October 27, 2017 – BASF an Indian company announced last year in the month of October that it will be building a biocatalysed acrylamide plant in Nanjing Chemical Industrial Park, China. With this new plant, this company aims to enhance the supply of cost-effective acrylamide across the Asia Pacific region.

Market Players & Key Strategies

Some of the most well-known brands in this industry can be listed down as Dow Chemical’s Corporation, BASF, Sanyo Chemicals, Nippon Shokubai, Lg Chemicals and Sumitomo Seika.

To make sure that they stay ahead of the competitors these brands employ various growth strategies like an expansion of business, acquisitions and strategic partnerships with other firms.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Market – Overview

Growth of end use industries of phenolic antioxidants has sparked a high rate of growth in the industry. Market Research Future which specializes in market reports related to the chemicals and material sector amongst others lately issued a report on this industry. The market is estimated to develop at CAGR of 5.10% to attain a USD 1830.05 million in revenues till 2023.

The expansion of the market has gained dominance primarily due to the increased demand being observed from its end use industries. Its end use industries like fuel and lubricants, cosmetics and pharmaceutical have rapidly increased the scope of applications for the market.

Industry Segments

The international industry for Phenolic Antioxidant Market Overview is categorized on the base of application, source and region. The source segmentation of the market is into synthetic and natural. The application category of the market includes plastics & rubber, food, cosmetic, pharmaceutical, and lubricant & fuel. The regional division of the phenolic antioxidant market includes Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa.

Detailed Regional Analysis

The international Phenolic Antioxidant market is segmented into regions such as Latin America, Asia Pacific, Europe, North America and the Middle East & Africa. The Asia Pacific region registered the main market share in the year 2016, and is expected to develop at a maximum CAGR of 5.20% approx during the forecast period. The power of the Asia Pacific region is primarily because of the mounting demand for food from escalating population along with rising use of rubber and plastic in this region. The European region follows Asia Pacific, which is the second major market share and it is anticipated by 2023 to reach USD 420.47 million. Germany is the main market share of the European region and is estimated to remain principal to the region’s growth throughout the forecast period due to better penetration of end user industries in the country. The North American market is a noteworthy region in the global market for phenolic antioxidant. It has a considerable market share of 20%, as of the year 2016. The US dictates the North American market‘s share on the basis of volume and value due to growing demand of packaged, preserved and processed food in the country.

Global Competitive Analysis

The players of this market are looking to gain an extensive share of the market segment by the successful use of their primary resources to commence expansion changes which is long lasting. This attitude has set off trends which are related to development which is especially volume driven. This has effectually led to amplification in diverse ranges of product forms. The sector’s extensive change due to the accelerated expansion pace has led to experimentation with many benefit points. The industry’s long term progress can be capitalized upon by constant continuing process improvements and maintaining financial fluidity to invest in the most advantageous strategies when they are on hand.

The vital players in the global market for phenolic antioxidant are DSM (Netherlands), BASF SE (Germany), Sumitomo Chemical Company (Japan), Oxiris Chemicals S. A. (Spain) and Chitec Technology Co., Ltd.

Industry Updates:

Feb 2018 SONGWON has in full swing started production of SONGNOX 5650 in Gujarat, India at its Panoli plant to ensure worldwide availability of SONGNOX 5650 to its worldwide markets. The product SONGNOX 5650 is high in molecular weight and is a multifunctional phenolic antioxidant chiefly used as a post- process stabilizer for polymerization of unsaturated elastomers. The company has always placed solid emphasis on dependable supply. This added, in-house manufacturing capacity allows SONGWON to guarantee dependable supply of SONGNOX 5650 internationally.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Market Overview

The Global Optical Coating Market Overview is anticipated to surpass a valuation of USD 11,700 million, attaining a striking CAGR during the review period (2018-2023), Market Research Future (MRFR) reveals in a detailed report. Optical coatings are extensively used in several applications, including UV resistance, anti-glare chemical resistance, and scratch & abrasion protection.

Market Potential and Pitfalls

The global Optical Coating Market Overview is witnessing positive growth trends owing to the surging use of coatings on precision optics. The increasing call for refractive optics, which can be used to minimize unwanted reflections and increase throughput is encouraging the growth of optical coating market globally. Soaring demand for consumer electronics and constantly changing lifestyle of consumers are some of the major factors contributing to the market growth. Increasing focus on electricity generation through clean sources will further enhance the market growth.

Research and development of fabrication and material technologies are likely to augment the market growth across the globe. Surging demand for optical coatings for biomedical, genetic analysis, sensors, and micro-optical systems is further estimated to fuel the market growth. Moreover, increased prominence of optical systems in the defense sector is considered a major propelling factor of the market.

On the contrary, strict government norms, coupled with the concerns related to waste disposal, are considered to restrict the optical coating market growth in the foreseeable future.

Global Optical Coating Market: Segmental Analysis

The optical coating market has been segmented on the basis of type, coating method, coating material, and end use industry.

By type, the optical coating market is segmented into anti-reflective coatings, beam-splitter coatings, transparent conductive coatings, electrochromic coatings, partial reflective coatings, high-reflective coatings, filter coatings, and others. Of these, the anti-reflective coatings market is likely to command the largest share owing to its huge applicability in consumer electronics for display units, power, memory, and microprocessors. Moreover, soaring use of anti-reflective coatings as an anti-glare layer in kiosk displays, eyewear, video games, binoculars, and others are likely to drive the market in the segment.

By coating methods, the optical coating market is segmented into sputter deposition, vacuum deposition/evaporation deposition, and others.

By coating material, the market is classified into dielectric materials and metallic materials.

By end use industry, the market is segmented into aerospace & defense, automotive, solar, healthcare, electronics & telecommunication, and others.

Regional Frontiers

Geographically, the optical coating market spans across Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

Considering the global scenario, Asia Pacific is considered the most substantial region for the optical coating market and is likely to expand at the highest CAGR in the foreseeable future. APAC has a strong presence of developing countries like South Korea, China, and Japan. These regions are rapidly urbanizing and thereby has resulted in changing consumption and lifestyle patterns. APAC also has the presence of a well-established and evolving manufacturing sector owing to low operating costs and accessibility of cheap and educated labor. Moreover, the proliferation of consumer electronic devices, coupled with the soaring purchase and demand for automobiles are some of the prime factors inspiring the market in the region.

North America and Europe bags the second and third spot respectively and have comparable consumption and growth patterns. The existence of major market players in these regions and the development of advanced technologies have contributed to fortifying the market positions of these regions.

Industry Updates

July 2019: TruTag Technologies, Inc. and Colorcon has recently executed a development agreement, which allows on-dose verification technology for tablets by combining silica-based micro tag authentication technology of TruTag with Colorcon’s expertise in film coating systems.

Competitive Dashboard

The players operating in the global optical coating market overview include Thorlabs Inc, Edmund Optics Inc, Optiforms Inc, Angstrom Engineering Inc, Carl Zeiss Jena GmbH, Abrisa Technologies, MKS Instruments, Inrad Optics, PPG Industries, Reynard Corporation, AMETEK, Optics Balzers AG, DowDuPont Inc, II-VI Incorporation, Berliner Glas, and Optical Coatings Japan.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Overview

The global Cast Elastomers Market Overview, during the forecast period 2017–2025, will register growth at a CAGR of 4.5%. The market for cast elastomers is set to reach US$1,700 million by 2025. As per cast elastomers market analysts, the global market is anticipated to witness growth owing to the factors such as growing demand for cast elastomers as well as the growing awareness about the mechanical and chemical properties. However, the cast elastomers market will face challenges and restraints due to fluctuating prices of raw material and concerns regarding the performance in high temperatures during the forecast period 2017–2025.

The growing demand for cast elastomers in the automotive sector in the cast elastomers market is set to play a key role in determining the growth potential during 2017–2025 years. Analysts have also studied the cast elastomers market to understand potential threats and challenges the cast elastomers market companies could face. Although the cast elastomers market is poised to grow at a fast pace across type and application segments, factors such as the fluctuation in the price of raw material could slow down the cast elastomers market's growth worldwide.

Market Segmentation

The cast elastomers market overview has been segmented into type and application. Based on the segment which is type, the market is categorized on the basis of hot cast and cold cast. The global market for cast elastomers is further segmented based on application into agriculture, automotive, industrial, mining, oil & gas, sports & leisure, and others.

The global cast elastomers market research report covers all the aspects of the cast elastomers market based on the segmental analysis of these type and application segments. Analysts have also studied the global cast elastomers market's regional markets spread across many continents and countries. The type and application segments along with their sub-segments have been analyzed and companies functioning in the cast elastomers market across these segments are profiled and analyzed based on input and feedback from cast elastomers market based decision makers as well as primary and secondary sources. The cast elastomers market research report presents analysis based information for companies functioning in the cast elastomers market.

Regional Overview

Strict regulations being imposed to curb the adverse impact of the product may hinder the cast elastomers market growth. The market research report suggests that companies in the cast elastomers market could be supported by rapid urbanization and industrialization as well as the on-going technological development during the forecast period. The cast elastomers market is set to register growth at a high CAGR owing to these key factors. The cast elastomers market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global cast elastomers market research report reveals that APAC, North America, and Europe regional cast elastomers markets will dominate the global market for cast elastomers during the forecast period 2017–2025. As per cast elastomers market analysts, the market is set to witness tremendous growth across oil & gas, automotive, and industrial manufacturing segments in North America which covers cast elastomers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the cast elastomers market are also analyzed and studied in the cast elastomers market research report.

The cast elastomers market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the cast elastomers market research report covers the Asia-Pacific region covering cast elastomers markets from India, China, Japan, Australia, and others. The cast elastomers market is also spread across the rest of the world. The cast elastomers market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Cast elastomers has seen increased demand over the years, due to the growing application of cast elastomers in marine and sports gear offering expansion opportunities. Companies functioning in the global cast elastomers market are also being challenged due to adverse impact of cast elastomers and various strict regulations. Mergers and acquisitions by cast elastomers market companies are anticipated to help the market during the forecast period 2017–2025. As the cast elastomers market is set to register a high CAGR of 4.5% and is also anticipated to reach a US$1,700 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the cast elastomers market will see a healthy growth in the long run till 2025. Based on SWOT analysis and cast elastomers market’s analysis based on Porters’ Five Force Model presented in the cast elastomers market report. Mergers and acquisitions by cast elastomers market companies are anticipated to help the market during the forecast period 2017–2025.

Industry News

LANXESS and Royal DSM N.V. a Dutch firm, have agreed in principle to sell DSM Elastomers to LANXESS for EUR 310 million in cash and debt-free terms. Keltan is a synthetic rubber made from DSM Elastomers. EPDM stands for ethylene propylene diene monomer. Based on the projected EBITDA for 2010, the price for the DSM Elastomers market reflects an EBITDA multiple of approximately 6. LANXESS will fund the deal with current cash on hand, and it is projected to be EPS accretive in 2011.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Overview

Polyvinyl alcohol (PVA) fibers are used in many sectors, especially in the construction sector. A new report on the global polyvinyl alcohol fiber market, published by Market Research Future (MRFR), predicts that this market could figure a proliferation at 3.39% CAGR between 2018 and 2023. In terms of value, the market can be worth USD 409.14 Mn by the end of the forecast period.

The biggest market drivers for the global Polyvinyl Alcohol Fiber Market Overview growth include the widespread industrial application of PVA fiber in various sectors and subsequent increase in capacity. Other factors for market growth include the growth of the global construction sector and the global textile sector. In the emerging economies, construction of architecture and infrastructure development are inviting more investments into the polyvinyl alcohol fiber market. Increasing industrialization and urbanization play an important role in the growth of the construction sector. PVC is extensively used for making fiber cement boards, pipes, and tiles. PVC is also used for advanced road construction, airport runways, bridges, and tunnels. However, rising prices of raw materials can impede market growth.

Market Segmentation

The global polyvinyl alcohol fiber market overview segmentation encompasses application and types. MRFR’s take on the market explores various facets of the market in-depth.

The application-based segmentation of this market covers construction, filter & non-woven, paper, ropes & fishing nets, textile & apparel, and others. During the forecast period, the construction segment is likely to hold the lion's share in the market. Polyvinyl alcohol fiber is heavily used in the construction sector due to its molecular bond with concrete and mortar. Hence, the growth of construction sector can create further opportunities for the global polyvinyl alcohol fiber market.

By type, the market has been segmented into high strength modulus and water-soluble. During the forecast period, the high strength modulus segment can hold the major market share, reaching the market worth of USD 248.34 Mn. On the other hand, the water-soluble segment has been projected to thrive at 2.68% CAGR at this time.

Regional Segmentation

A geographical outlining of the global polyvinyl alcohol fiber market covers Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa (MEA).

In the Asia Pacific region, economic growth can resonate significant opportunities for market growth, making it the largest regional market. Rapid developments in the industrial sector and construction sector are leading to market growth. Most of the important market players in the global market are based in China. Other important country-specific markets in this region are Cambodia, India, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

Europe has been prognosticated to hold the second-highest position in the global market with the market value of USD 88.76 Mn by the end of the forecast period. The cream of the market revenue in Europe comes from Belgium, France, Germany, Italy, Russia, Spain, and the UK.

Led by the USA, the market in North America is expected to rise at 2.94% CAGR during the forecast period. Canada is the second revenue contributor to the North American market. Key market players in this region are based in the USA.

During the forecast period, the market growth in Latin America and MEA region is expected to be faster than that of Europe and North America. In Latin America, maximum revenue comes from Argentina, Brazil, and Mexico. In the MEA region, the biggest country-specific markets are Iran, Saudi Arabia, UAE, and North Africa.

Key Players

Prominent players in the global polyvinyl alcohol fiber market include Anhui Wanwei Group Co. Ltd. (China), Bouling Chemical Co. Limited (China), Hunan Xiangwei Co. Ltd. (China), Kuraray Co. Ltd. (Japan), Inner Mongolia Shuangxin Environment-Friendly Material Co. Ltd. (China), MiniFIBERS Inc. (USA), New York Council of Nonprofits Inc. (NYCON) (USA), Ningxia Dadi Circular Development Corp. Ltd. (China), Sinopec Sichuan Vinylon Works (China), and Unitika Ltd. (Japan).

Latest Industry News

Sekisui Specialty Chemicals is set to increase the global price of Selvol® Polyvinyl Alcohol, Selvol Premiol®, Selvol Ultiloc®, Selvol Ultalux®, and up to $110/mT or €110/mT. 1 APR 2019. The company is taking this step to meet the rising raw material prices.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Industry Overview

The global balsa wood market share is anticipated to reach a valuation of USD 217.23 Mn by 2023, as per a new report by Market Research Future (MRFR). It is expected to exhibit a 5.89% CAGR from 2017 to 2023 (assessment period). Balsa wood is one of the fastest-growing trees, popular due to its lightweight nature in commercial timber. Increasing consumption of balsa wood from aerospace & defense and wind energy sectors is anticipated to boost its market growth over the assessment period.

Drivers and Restraints

Rapid pace of urbanization and rising energy demand are factors anticipated to drive the Balsa Wood Market Share over the forecast period. Strict regulations pertaining to wood processing and expansion plans of reputed firms are expected to fuel the market demand in the coming years. Increasing demand for equipment in aerospace and defense sectors is predicted to influence the market. Changing designs of equipment and emphasis on sandwich structures is expected to induce demand for balsa wood.

Industry News

Lightwood composite manufacturers prefer using balsa wood as their core for manufacturing wooden toys and furniture. For instance, Green Dot Bioplastics is using balsa wood with other materials to produce composites for architectural purposes. Another instance includes 3A Composites AG which has acquired Forest Stewardship Council (FSC) certification for its products – AIREX, BANOVA, and BALTEX. These composites can be used in producing semi-finished goods.

Segmentation Analysis

The balsa wood market share is segmented by type, application, and region. Types of balsa wood are segmented into ‘Grain A’, ‘Grain B’, and ‘Grain C’. The Grain B segment accounted for nearly 41% market volume in 2016. It is anticipated to dominate among other segments due to being commercially used in all wooden items.

Major market applications include industrial construction, renewable energy, marine, aerospace & defense, road & rail, and others. The aerospace & defense segment is predicted to generate nearly USD 77.76 Mn by 2023 due to lightweight nature of balsa wood. Wood-based composites offer higher ballistic protection and weigh less than conventional materials. Production of ships, aircraft, and land-based shelter ships are expected to drive segment demand over the review period.

The renewable energy segment is projected to grow robustly due to the boom in the wind energy sector. Production of various equipment coupled with an abundance of raw materials is anticipated to augur segment growth.

Regional Analysis

The worldwide market covers regions such as Latin America (LATAM), North America, Middle East & Africa (MEA), Asia Pacific (APAC), and Europe.

The APAC market valuation is set to touch USD 71.25 Mn by 2023 owing to a large number of wood processors, continuous growth of applications, and low labor costs. It is anticipated to exhibit a CAGR of 5.97% during the assessment period due to expansion of various end-use industries. China is expected to display a 6.16% CAGR during the forecast period owing to increase in military budgetary spending and an uptick noticed in the renewable energy sector.

North America commands the second position after APAC, followed by Europe. Demand for wood is anticipated to rise due to major consumption by industries in the U.S. Europe may experience a moderate CAGR till 2023. Countries such as Poland and Germany can contribute to its revenue due to being host to various end-use industries.

Competition

Prominent market players include 3A Composites PNG Balsa Ltd.; DIAB International AB; CoreLite Inc.; The Gill Corporation; and Gurit Holding AG. Partnerships between firms have seen an upsurge owing to tough competition. For instance, Gurit Holding was awarded a contract worth USD 645 Mn from a prominent turbine manufacturer, creating opportunities for the market. Coating systems are being developed by companies to minimize resin uptake required by balsa wood for sealing its pores.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Market Research Future will be publishing a cooked research report on “Global Decorative High-Pressure Laminates Market Share” that contains the information from 2016 to 2023. The global decorative high-pressure laminates market is expected to exhibit a CAGR of 5.3% during the forecast period 2016–2023.

Market Research Future (MRFR) recognizes the following companies as the key players in the global decorative high-pressure laminates market: Formica Corporation (US), Greenlam Industries Limited (India), Merinolaminates (India), Stylam Industries Limited (India), Pfleiderer (Germany), Wilsonart LLC (US), OMNOVA Solutions Inc (US), Abet Laminati S.p.A. (Italy), Panolam Industries International, Inc (US), and Fundermax (Austria), among others.

Market Highlights

The decorative High-Pressure Laminates Market Share is projected to be valued at USD 14,857 million by the end of 2023 and register a CAGR of 5.3% during the forecast period. Decorative high-pressure laminates (HPLs) are manufactured by saturating numerous layers of Kraft papers with phenolic resin and are fused with pressure and heat. A layer of printed decor paper is placed on the top of the Kraft paper before applying pressure.

HPL is the direct descendent of the original plastic laminate. It is one of the most durable decorative surface materials and is available with superior performance properties including fire and wear resistance. Medium-density fibreboard (MDF) or particleboard is the preferred substrate as they provide a durable, stable, consistent, and economic foundation. HPL is the preferred choice for horizontal surfaces including countertops, flooring, and desktops, owing to their superior durability.

The adoption of HPL in furniture and cabinets is increasing on account of an upsurge in the use of ready-to-assemble furniture and cabinets. Moreover, HPL is highly robust and versatile; and offers an aesthetic look for both horizontal and vertical applications in residential and office furniture. HPL is highly resistant to external stress such as crack, heat, abrasion, and moisture, which further help in the effective manufacturing of furniture and cabinets.

HPL finds widespread applications in the residential sector. It is one of the safest and hygienic materials used in the architecture, construction, and designing of home interiors. Moreover, it offers anti-fungal and anti-bacterial properties, which help to ensure that the furniture manufactured using HPL in the kitchen such as table tops, vanities, countertops, and flooring are microbe-free.

However, the only bottleneck in the growth trajectory of the global decorative high-pressure laminates market is the fluctuating raw material prices. Nevertheless, enhancement in the printing techniques with advanced graphics and manufacturing of eco-friendly laminates are expected to offer lucrative opportunities to the market players operating in the global market.

Segment analysis

The global decorative high-pressure laminates market share has been segmented based on application, end-users, and region. On the basis of application, the furniture & cabinets segment accounted for the largest market share of 59.93% in 2018 and is expected to register the highest CAGR of 5.36% during the forecast period. This is attributed to the advanced design in decorative laminates for furniture & cabinets. In addition, manufacturers are planning to introduce innovative laminates in the furniture & cabinet applications.

Based on end-users, the global market has been categorized into residential, commercial, and transportation. Among these, the residential segment dominated the global market with a share of 57.94% in 2018 and is projected to reach USD 8,447.5 million by the end of 2025. This is attributed to the diverse applications of HPL such as table tops, kitchen countertops, vanities, and flooring, as well as vertical surfaces, e.g., doors. This makes HPL highly versatile in nature. Furthermore, the commercial segment is projected to exhibit the highest CAGR of 5.81% in the following years on account of increasing adoption of HPL in the manufacturing of flooring and table tops.

Regional Analysis

The global decorative high-pressure laminates market is studied with respect to five key regions, namely Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia-Pacific market accounted for the largest market share of 47.26% in 2018 and is projected to register a substantial CAGR of 5.61% by 2023. The market in North America was the second-largest after Asia-Pacific and is projected to be valued at USD 3,403.8 million by the end of 2023. The European market held a substantial market share of 17.87% in 2018.

Key Findings of the Study:

Global decorative high-pressure laminates market is projected to reach over 2,351.5 million sq. meter by 2023 with a healthy CAGR of 4.99% during the assessment period, 2018–2023

The Asia-Pacific market accounted for the largest market share due to the robust growth of the construction industry in the economies such as India, Thailand, South Korea, and China

The furniture & cabinets application segment held the largest market share of 59.93% in 2018 and is expected to be valued at USD 8,930.7 million by the end of 2023

The residential end-use segment dominated the global market with a share of 57.94% in 2018 and is estimated to exhibit a notable CAGR of 81% during the review period

Some of the leading players operating in the global decorative high-pressure laminates market are Formica Corporation (US), Greenlam Industries Limited (India), Merinolaminates (India), Wilsonart LLC (US), and Panolam Industries International, Inc (US), among others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Polystyrene Market - Overview

The global Polystyrene Market Share is growing with the impulsive pace; mainly due to expanding electronics and packaging industries. According to a recent study report published by the Market Research Future, the global market of polystyrene is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for polystyrene is driven by the region Asia pacific, owing to the growth in the population resulting in to increasing demand for lightweight materials in automotive, packaging and buildings & construction industries among others. Polystyrene is used for roofing, plumbing materials, and other materials due to its superior performance and thermal resistance properties offered by the product. Moreover, polystyrene is mainly used to impart economic nature and high standard performance to the final product.

Rapid urbanization coupled with technology signifies the growth of electronics & packaging industries. Moreover growing industries such as consumer goods, medical devices and defence provide impetus to the polystyrene market growth.

On the other hand, the increasing replacement of heavy metals by lightweight materials is projected to drive the market growth during the forecast period.

Polystyrene is a synthetic polymer formed by the polymerization process of styrene monomers. It is known for hard, brittle, and transparent nature. Polystyrene is prominently used in packaging, electronics, consumer goods, buildings & construction, defence and aviation sectors to produce best quality products in the sectors.

Moreover, polystyrene product is widely used as an insulation material in buildings & construction that is estimated to drive the market over the assessment period.

Key Players:

Total Petrochemicals & Refining USA, Inc. (U.S.), BASF SE (Germany), Formosa Chemicals & Fibre Corporation (Taiwan), BASF SE (Germany), KUMHO PETROCHEMICAL (South Korea.), Chi Mei Corporation (Taiwan), SABIC (Saudi Arabia), Trinseo (U.S.), Videolar-Innova S.A. (Brazil), and The DOW Chemical Company (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global polystyrene market.

Polystyrene Market - Competitive Analysis

The polystyrene market share appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Polystyrene market is set to grow at a rapid rate which is likely to attract many entrants to the market resulting into strong competition in the future. Manufacturers operating in the polystyrene market are striving to respond to the growing demand for polystyrene product from packaging, electronics, consumer goods, buildings & construction attributed to the recent plant expansion and research & development in the sectors. They ensure to deliver the best quality products based on innovative technologies, solutions, and best practices.

Industry/ Innovation/ Related News:

September 5, 2017 – Total Petrochemicals & Refining USA, Inc. (U.S.), one of the leading manufacturers of polystyrene, announced that the company has introduced a new high melt strength grade of excessive heat crystal polystyrene for the extruded foam polystyrene sheet market. CX5237 is the name of product, which is specifically manufactured for thermoformed foam polystyrene producers involved in foodservice and packaging products. It is mainly used in these applications to impart lightweight nature and high standard performance to the product. Owing to these factors, the market has been driven by the growing demand for reduced weight products in end-use industries.

June 20, 2016 – Trinseo (U.S.), one of the prominent manufacturers of plastics, latex binders and rubber, declared that the company has produced a general purpose polystyrene (GPPS) specially designed for the medical devices market. The new product STYRON™ 2678 MED Polystyrene Resins is known for exceptional transparency, rigidity, and thermal resistance. Owing to these factors, it is used in a numerous medical device applications such as diagnostic components, petri dishes, and others. Moreover, one of the technical engineers of the company also said that this product is set to dominate the market in the couple of years due to extra degree of safety and high performance offered by resins.

Polystyrene Market - Regional Analysis

Geographically, Asia-Pacific region holds the majority of global polystyrene market. China is the leading country in the market owing to rapid urbanization coupled with extensive use of plastic in heavy end-use industries. Increasing demand for polystyrene in packaging, electronics, consumer goods, buildings & construction, defence and aviation has boosted the market demand in China, India, Japan, South Korea and Taiwan. North America has witnessed a significant growth in the market due to growing demand for the product in plastic and rubber industries. The market in the European region has received a rapid boost due to implementation of rules and regulations to follow light weight products in end-use industries. Additionally, in this region, manufacturers and investors are shifting their focus from conventional plastics to recycled products in major industries.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Overview

The global aluminum market share will register growth at a CAGR of 6.5%. The market for aluminum is set to reach USD 235.8 billion by 2025. As per the analysts, the global market is anticipated to witness growth owing to the factors such as increasing demand for aluminum in china as well as increasing use of high-strength aluminum in aerospace. However, the market will face challenges and restraints due to adverse effects of bauxite mining and concerns regarding high levels of pollution during the forecast period 2017-2025.

The government's influence in facilitating the availability in the global market is set to play a key role in determining the growth potential during 2017-2025 years. Analysts have also studied the global market to understand potential threats and challenges the aluminum market companies could face. Although the market is poised to grow at a fast pace across type, applications, and products segments, factors such as secondary aluminum could slow down the market's growth worldwide.

Market Segmentation

The Aluminum Market Share has been segmented into type, applications, and products. Based on the segment which is type, the market is categorized on the basis of primary and secondary. The global market for aluminum is further segmented based on applications into building & construction, electrical, foil & packaging, hardware & accessories, machinery & equipment, solar industry, transportation, utensils, and others. Furthermore, the market, on the basis of products is segmented into castings, extrusions, flat-rolled, forgings, pigments & powder, and rod & bar.

The global aluminum industry research report covers all the aspects of the market based on the segmental analysis of these type, applications, and products segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type, applications, and products segments along with their sub-segments have been analyzed and companies functioning in the aluminum industry across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.

Regional Overview

Countries bringing secondary aluminum in picture may hinder the aluminum market growth. The market research report suggests that companies in the aluminum industry could be supported by qualities such as corrosion resistance as well as good thermal & electrical conductivity during the forecast period. The global market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global aluminum market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for aluminum during the forecast period 2017-2025. As per market analysts, the market is set to witness tremendous growth across type, applications, and products segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the aluminum market are also analyzed and studied in the market research report. In 2018, the building & construction sector held around 30% of the aluminium market, and it is projected to develop at a CAGR of 6.7 percent over the forthcoming years.

The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the global market research report covers the Asia-Pacific region covering aluminum markets from India, China, Japan, Australia, and others. The aluminum Industry is also spread across the rest of the world. The report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Aluminum has seen increased demand over the years, due to demand from the aerospace sector and use of aluminum die cast products in the automotive industry. Companies functioning in the global market are also being challenged due to raw material price fluctuations and easy availability of substitutes. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017-2025. As the aluminum market is set to register a high CAGR of 6.5% and is also anticipated to reach a USD 235.8 billion by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017-2025.

Industry News

KPS Capital Partners, LP today announced the completion by the Norsk Hydro ASAof a final €1,38 billion contract for global aluminium rolling. The deal is scheduled to be completed in mid-2021 and is subject to usual closing terms and authorisations. The company is one of the world's biggest producers of rolling aluminium materials and serves consumers in a diverse range of end-markets including drinks, automobile, film packaging and construction.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Market Highlights

The latest report by Market Research Future (MRFR) states that the global Refractories Market Share is expected to surge at a CAGR of 4.08% during the forecast period (2018–2025), backed by the strong growth of iron and steel production in developing countries as well as the increasing production of non-ferrous materials. The market size can expand to USD 30,820.1 million by 2025.

Emerging economies such as Russia, China, Mexico, and South Africa are making massive investments in large-scale infrastructure projects, which will provide a significant boost to the iron and steel industry. The steel production in China had risen to 81,127 thousand metric ton from 76,698 thousand metric ton in May 2018 from April 2018. Also, the steel production in China was calculated to approximately 31,329.71 thousand metric tons from 1990 till 2018, an all-time high value achieved in May 2018. On that note, the consistently expanding construction sector is one of the major factors driving the demand for steel in China, accounting for almost two-thirds of the country’s steel consumption. Thus, factors such as growth in iron and steel prices along with the recent reform initiatives undertaken by the Chinese government will be supporting the market growth of refractories in the next few years.

As per the econometric models by Trading Economics, the Mexican steel production is estimated to surge to roughly 1,771.09 thousand metric tons by 2020. Also, the steel production in South Africa had surged by 2.6% in 2017, after dropping in value by 4.2% in 2016. The private sector in South Africa had made massive investments in the steel-intensive non-residential construction sector, on account of the shortage of steel reinforcing bars. Thus, based on all the stated factors, the demand is presumed to rise at a healthy rate in the years to come.

Besides, the energy and chemicals industry make use of refractories power generation, petrochemical refineries and chemical manufacturing plants. Refractories find numerous applications in the process of power generation, including in the lining in circulating fluidized bed, power boilers, gasifiers, and waste-to-energy plants and so on. Within the petrochemical refineries, refractories find use in a broad range of applications like fluid catalytic cracking units, fired heaters, hydrogen gas plants, gasifiers, sulfur recovery units, reformer and cracker furnaces, among others. Similarly, refractories find various applications in chemical manufacturing plants, which include coke calcining plants, carbon black plants, ethanol plants, elemental sulfur plants, gasification plants, sulfuric acid plants and fertilizer plants, among others. Thus, on account of the rising demand for power generation and refining capacities, as well as the increased consumption of various chemicals, the demand for refractory materials is most likely to increase at a rapid pace in the forthcoming years.

Segmental Analysis

Data analysts from MRFR, after a thorough segmental analysis, state that the global refractories market share is segmented on the basis of alkalinity, form and application.

On the basis of alkalinity, the refractories market is considered for acidic & neutral and basic. The acidic & neutral segment was leading the global market with a share of 58.53%, and is projected to surge at a higher CAGR of 3.78% during the conjectured time frame. The basic segment, on the other hand, is poised to exhibit a CAGR of 3.42% in the coming years. The growth of acidic & neutral segment is backed by its low cost and the ability to resist slag erosion at a high temperature.

Form-wise, the global market caters to shaped and unshaped. Out of these, the unshaped segment was at the top position in the global market in 2018, accruing a whopping market share of 61% and the estimated value of 14,180.5 million that year. The growth of the segment is owing to the superior benefits of unshaped refractories like greater volume stability, high strength, easier transportation and handling, better spalling tendency, and need for low skilled measures.

The market, on the basis of application, is segmented into iron & steel, cement, non-ferrous metals, glass and others. Out of all the applications, the iron & steel segment flourished with the largest share of 67.92% in 2018, reaching the valuation of USD 15,823.5 million. The segment is predicted to expand at a CAGR of 3.83% during the review period. Following this is the segment of cement, which was the second-largest market in 2018 and was estimated at USD 3,758.5 million. The cement segment is exhibited to display a CAGR of 4.73% in the next couple of years. But growing at the highest CAGR of 5.18% is the glass segment, due to widespread use of refractories for resisting the softening or degradation of molten glass, among others.

Regional Outlook

The key regions covered in the MRFR report include Europe, North America, Asia Pacific and the Middle East and Africa.

The market in Asia Pacific accounted for the largest share of 45% in 2018 and had reached the valuation of USD 10,440.4 million in 2018. The region is on its way to accrue the value of USD 14,788.3 million by 2025 and will expand at the highest CAGR of 5.10% in the near future. Close behind Asia Pacific is the regional market of Europe, with the second-largest share of 24% in 2018; albeit the predicted CAGR will be 2.72% during the give time frame.

The Asia Pacific market for refractories will be showing attractive growth pattern owing to increasing construction activities paired with supportive government regulations in nations like India, China, and Japan. The consistent increase in the production of iron and steel in China will result in the expansion of the market size of refractories. Moreover, the surging production of motor vehicles, coupled with the booming residential construction industry will back the domestic production demand for non-ferrous. This factor will leave a positive impact in terms of demand for refractories in the near future.

Similarly, few prominent factors positively influencing the Europe market for refractories include the growing prevalence of non-metallic minerals industry, rising infrastructure in developing nations and the surging demand for refractories in the iron & steel industry.

The growth of North America refractories market will be supported by improvements in refractory technologies that promote the use of highly sophisticated and better performing products. Such trends are expected to bolster the product demand across various industries, resulting in the volume growth in the region.

Competitive Analysis

Some of the renowned vendors striving to expand their presence in the global refractories industry are Krosaki Harima Corporation (Japan), Saint-Gobain (France), HarbisonWalker International (U.S.), RHI Magnesita GmbH (Austria), Morgan Advanced Materials (U.K.), Vesuvius (England), Shinagawa Refractories Co. Ltd. (Japan), CoorsTek Inc. (U.S.), Calderys (France), and Chosun Refractories Eng. Co. Ltd. (South Korea) among others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

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