Market Overview:

Zinc dialkyldithiophosphates additive is used in the automotive industry application such as lubricants, greases, corrosion inhibitors, and antioxidants among others. It is extensively used in the lifter bores, camshaft lobes, rod bearings, and main bearings. Thus, the growth in automobile production across the globe is vitally contributing to the growth of the global zinc dialkyldithiophosphates additive market.

Market Segmentation

The global zinc dialkyldithiophosphates additive market is segmented into product type, application end-use industry, and region. On the basis of the product type, the market is segregated into primary alkyl zinc dialkyldithiophosphates and secondary alkyl zinc dialkyldithiophosphates. On the basis of the application, the global market is segmented into anti-wear additives, corrosion inhibitors, antioxidants, and others. On the basis of the end-user industry, the market is segmented into automotive and industrial. The market by region is further segmented into Asia Pacific, North America, Europe, Latin America, the Middle East and Africa.

Market Scenario

Among the various end-use segment, the automobile is anticipated to be the largest segment with a market share of above 75% during the forecast period. On the basis of the product type, the market is segmented into primary and secondary alkyl zinc dialkyldithiophosphates. Primary alkyl ZDDP has advantages such as better thermal stability but is less efficient in terms of hydrolytic stability and anti-wear protection. The secondary alkyl ZDDP offers better hydrolytic stability and antiwear protection. Moreover, the secondary alkyl ZDDP additives are extensively used in applications extreme pressure applications.

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Regional Analysis

The global Zinc dialkyldithiophosphates additive market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an expanding CAGR. The developing automobile sector, especially in India, China, and Japan, is anticipated to be the key factor surging the demand in this region. Moreover, the encouraging government regulations along with the availability of cheap raw material and labor has resulted in the shifting of automobile manufacturing hubs into the region further fuelling the market demand for ZDDP additives.

Competitive Analysis

Some of the prominent players operating in the global zinc dialkyldithiophosphates additive market are Afton Chemical (U.S.), Chevron Oronite Company LLC (U.S.), Infineum International Limited (Singapore), Chevron Corporation (U.S.), AMSOIL INC (U.S.) The Lubrizol Corporation (U.S.), and Prasol Chemicals Pvt. Ltd (India), Camguard (U.S.), and BASF SE (Germany) among others.

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Market Overview

Anti-rust coating is used to prevent corrosion of metals from moisture, humidity, salt spray, and exposure to a variety of environmental or industrial chemicals.

Technologically, the anti-rust coating is manufactured as solvent-based, waterborne, powder coating, and UV cured. Presently, the waterborne coating is the largest segment driving the market growth due to the low emission of VOCs. The powdered coating is an excellent choice due to its zero VOC emission and environmentally friendly nature. It also offers properties such as durability, scratch resistance, resistance to chalking, gloss retention, and improved coating efficiency. Additionally, it qualifies American Architectural Manufacturing Association (AAMA) specifications for an eco-friendly process. Although solvent-based coating offers superior properties such as less drying time and block resistant feature, it has high VOC content. Anti-rust coating market is primarily driven by its application in various end-use industries such as marine, oil gas, shipbuilding, infrastructure, transportation, aerospace defense, and others. Offshore and civilian marine industries demand anti-rust coating for shipbuilding and boat repairing due to its cost-effectiveness and superior properties of water and corrosion resistance. Sophisticated drilling, wellhead, and subsea equipment demand anti-rust coating for oil gas exploration and extraction. The properties such as scratch resistance, glossy appearance, lesser drying period are extensively required in automotive, infrastructure, and transportation, which is likely to surge the market growth during the forecast period.

Market Segmentation

The global Anti-Rust Coating Market is segmented on the basis of the type, technology, end-use industry, and region.

On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.

Based on the technology, the global market is categorized into solvent-based, waterborne, powder coating, and UV cured.

On the basis of the end-user industries, the global market is segregated into marine, oil gas, power generation, shipbuilding, infrastructure, transportation, aerospace defense, and others.

Regional Analysis

The global Anti-Rust Coating market is segmented into five major regions Asia Pacific, North America, Latin America, the Middle East Africa, and Europe.

The Asia Pacific is expected to emerge as the largest region in the global the anti-rust coating market due to high demand from end-use industries such as building construction, transportation, and automotive. China is the largest market in terms of value in this region on account of the largest building construction sector. India, Japan, Indonesia, Malaysia, and other countries contributing to the market growth on account of the growing end-user industries.

Presence of a large number of oil deposits in Brazil and Venezuela fuels the regional market growth in Latin America. Exploring and drilling activities for oil gas reserves drive the market growth in this region.

North America is another substantial region in the anti-rust coating market growth due to the product use in automotive and aerospace defense industries. The U.S. accounted for a major market share owing to the growing automotive and use in the aerospace defense sector.

The Middle East Africa is expected to witness market growth due to the abundant availability of oil gas deposits in countries such as Saudi Arabia and the UAE.

Europe is likely to witness a sluggish growth owing to European Union Regulations 2012 on VOC emission.

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Competitive Analysis

Some of the prominent manufacturers in the global market of anti-rust coating are Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Ashland Inc. (U.S.), Kansai Paint Co., Ltd. (Japan), Hempel A/S (Denmark), Nippon Paints Co. Ltd (Japan), Jotun (Norway), RPM International Inc. (U.S.), DowDupont (U.S.), Bluechem (Africa), Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).

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Market Highlights

Packaging is no longer done simply to protect products from damage, but has become an essential part of luxury branding. Luxury packaging is mostly used to package highly expensive and sophisticated products. The packaging employed is a part of a company’s brand image. Companies spend more on packaging innovation rather than on production cost. They are adopting active packaging and intelligent packaging so as to enhance the performance of the packaging technique. Rise in the number of product launches, especially in the cosmetic and fashion sectors, drives the growth of the luxury packaging market. Additionally, rise in penetration of online retail and travel retail also contributed in the global luxury packaging market. However, fluctuating price of raw materials, are the factors may be a hindrance in the growth of the market.

On the basis of regions, Europe dominates the global Luxury Packaging Market, mainly due to rise in the number of flagship stores and surge in online sales. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increase in spending capacity, drives the growth of the region. North America is another major market for the luxury packaging. Increase in sales of personal luxury products in the region, drives the growth of the market. Latin America and Middle-East Africa regions are also expected to set the growth during the forecast period due to rising demand from the e-commerce sector and expansion by global luxury manufacturers. Global luxury packaging market is projected to grow at a CAGR of 4.8% during the forecast period (2022 - 2030).

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Market Research Analysis

Global luxury packaging market has been segmented based on material, end-user, and region. On the basis of material, the market segments are paperboard material, plastic, glass and others. Paperboard dominates the material segment of the market and is expected to be the fastest growing material segment. Growing demand for sustainability packaging drives the growth of the paperboard segment. It is light weight and is gaining prominence due to the rising need for renewable and recyclable solutions for various packaging needs. This material is used for packaging cosmetics, food, beverages, pharmaceuticals, and household products. Plastic is one of the most widely used materials for packaging across various end-use industries. The material offers high barrier, cost efficient, temperature resistance and durable packaging options.

On the basis of end-user, the Luxury Retail Packaging market growth has been segmented as food beverage, confectionery, personal care cosmetics, and others. Personal care packaging refers to casing of products used for personal hygiene and beautification. The applications of these include hair care, foams gels, gel toothpaste, deodorants antiperspirants and skin care products. Increasing demand for personal care cosmetics packaging, across the globe drive the demand of luxury packaging. Food beverage industry is expected to contribute, significantly, during the forecast period.

Scope of the Report

This study provides an overview of the global market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global luxury packaging market by its material, product, manufacturing process, application and region.

By Material

Paperboard Material

Plastic

Glass

Others

By End-user

Food Beverage

Confectionery

Personal Care Cosmetics

Others

By Region

North America

Asia Pacific

Europe

Rest of the World

Key Players

The prominent players in the luxury packaging market include Amcor Limited (Australia), HH Deluxe Packaging (U.K.), Ekol Ofset (Turkey), DS Smith Plc (U.K.), Pendragon Presentation Packaging Ltd (U.K.), Design Packaging, Inc. (U.S.), Elegant Packaging (U.S.), MW Creative Ltd (U.K.), Winter Company AG (Switzerland), Lucas Luxury Packaging (Ireland), and CLP Packaging Solutions Inc. (U.S.).

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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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Bio alcohol Market - Overview

The global Bio Alcohol Market is growing with the rapid pace; mainly due to the expanding transportation sector. According to a recent study report published by the Market Research Future, the global market of bio alcohol is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2030, surpassing its previous growth records in terms of value with a striking CAGR 8.80% during the estimated period (2021 – 2030).

Globally, the market for bio alcohol is driven by the region North America, owing to implementation of stringent rules and regulations in alcoholic beverages, cosmetics and pharmaceutical industries, among others. Bio alcohol is extensively used as an alternative fuel in transportation sector due to its enhanced efficiency and optimal performance offered by the product. Moreover, the emission of greenhouse gases are reduced immensely due to adoption of biofuel in vehicles and engines. A surge in demand are prompting the manufacturers and investors to shift their focus from fossil fuels to bio products in the major industries.

Growing consumption of biofuels in various applications is the important reason behind their growth in the market. Moreover, end-use industries such as pharmaceutical, and cosmetics provide impetus to the bio alcohol market growth.

On the other hand, gasoline blended with alcohol is used extensively in the end-use industries to provide boosted engine performance and high standard systems

Bio alcohol market growth is used as an advanced fuel in engines and other systems because it increases the performance and efficiency. The types of the product such as bioethanol, bio alcohol, bio butanol are used in heavy end-use industries that offer cost-effective nature and ease of application to the product. Bio alcohol are used in transportation, medical, pharmaceutical, cosmetics, pharmaceutical, aviation and automotive sectors to provide high performance operating systems.

On the other hand, the market is being hindered by an extensive use of food grains as a feed stock in the biofuel production due to growing population.

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Key Players:

INEOS (Switzerland), CropEnergies AG (Germany), POET, LLC (U.S.), BP Biofuels Advanced Technology Inc. (U.S.), Cargill, Incorporated (U.S.), DowDuPont (U.S.), Abengoa Bioenergy, S.A (U.S.), Cool Plant Energy Systems (U.S.), Myriant Corporation (U.S.), Mascoma LLC (U.S.), and Mitsubishi Chemical Corporation (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global bio alcohol market.

Bio alcohol market - Competitive Analysis

The Bio alcohol market appears to be competitive with the presence of several large and small players operating in the global market. These major players are competing in the market on the basis of price, raw material type, quality, technology and innovation. Bio alcohol market is attributed to grow at a higher growth and likely to attract many newcomers in the market resulting in to strong competition in the future. Manufacturers operating in the bio alcohol market are striving to respond to the growing demand for the product in pharmaceuticals, cosmetics, automotive, and others. They ensure to produce best quality products based on feedstock, efficiency, performance and factors that are trending in the market.

Industry/ Innovation/ Related News:

June 3, 2015 – Mascoma LLC and the Department of Energy's BioEnergy Science Center, have manufactured a strain of yeast that is set to boost the production of biofuels form non-food matter. This method is expected to increase the production of biofuels in the couple of years than the current one which is formed from corn. Moreover with this development, the biofuel market is expected to witness a rapid growth due to cost-effective nature of the product over the assessment period.

July 14, 2016 – Mitsubishi Chemical Corporation (Japan), a prominent bio fuel producing company, declared that the company has signed an agreement with Mitsui Zosen Machinery to form a corporate tie up for the production and supply of zeolite membranes. The production of these membranes is set to boost the bio alcohol market because they are used in industrial alcohol collection and bio-ethanol water removal systems. Moreover, the company also declared that they are primarily used in these purification systems due to its water and acid resistance features. Therefore, these factors are estimated to drive the market during the forecast period.

Bio alcohol Market - Regional Analysis

Geographically, North America region holds the major portion of global bio alcohol market. The U.S. is the leading country in the market owing to growing adoption of biofuels in external combustion engines and power generation systems. Increasing consumption of the product in transportation, alcoholic beverages, cosmetics and pharmaceutical industries has boosted the bio alcohol market demand in Canada and Mexico. Asia Pacific region is set to grow at a higher CAGR owing to growing demand of eco-friendly products. Additionally, the European region has witnessed a significant growth due to progress achieved in research & development activities of the product.

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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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Market Highlights:

An autoclave chamber is capable of heating lab or medical devices above the boiling point. This process effectively sterilizes the instruments. Due to the high heat and pressure created in autoclaves during operation, proper loading and use must be followed to prevent burns and other accidents. Moreover, the easy maintenance of these ready-to-use and easy-to-use sterile instruments, and their long life, act as major driving factors for the market. Geographically, Americas are expected to be the largest market for autoclave by 2028. Apart from the significant investments made in the US, the growth of this market will be driven by investments in research facilities from Brazil, Chile, and Columbia. Autoclave Indicator Tape Market will grow in Asia-pacific region, with China and India expected to be the most promising markets.

Taste the market data and market information presented through more than 30 market data tables and 25 figures spread over 135 numbers of pages of the project report. Avail the in-depth table of content TOC market synopsis on “The Global Autoclave Indicator Tape Report -Forecast to 2030”.

Key Players:

The prominent players in the autoclave indicator tape includes – 3M (U.S), Spectrum Chemical Manufacturing Corp (U.S), Guangzhou Maidi Medical Co. Ltd (China), VWR (U.S), Medline Industries, Inc. (U.S), Narang Medical Limited (India), Komal Health Care Pvt. Ltd.(India), Anqing Yiren Medical Material Co., Ltd (China) and Thomas Scientific (U.S).

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Market Research Future Analysis:

Market Research Future analysis show that the global Steam Indicator Tape market of autoclave indicator tape market is estimated to grow at USD 171.5 million by the end of year 2030. Autoclaves provide a physical method for disinfection and sterilization. They work with a combination of steam, pressure and time. Autoclaves operate at high temperatures and pressure in order to kill microorganisms and spores. They are an economical way of sterilizing and decontaminating items. Because some materials present specific hazards such as generation of toxic and noxious gas. So, the autoclave indicator tape is designed to distinguish between processed and unprocessed items. Increased regulations and the requirement for proper sterilization in private clinics have given rise to the demand for sterilizers that are easy to use and maintain. North America is leading the market of autoclave indicator tape. The global autoclave indicator tape is expected to grow at CAGR of 4.6% between years 2022 to 2028.

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:

Composite slate roofing have been the best roofing material of choice for last few decades for residential and non-residential infrastructure. Composite slate roofing is usually made from plastic or rubber, or a combination of both. Some roofing manufacturers use recycled materials, while others use virgin resins. It is also called as synthetic slate roofing. Popular colors for composite slate roofing shades include red, grey-blue, purple-grey, green and black. The growing population, improved standard of living, growing demand for packaged products are expected to drive the growth of the global composite slate roofing market. Features such as longer shelf life and user friendly solutions in terms of storage are expected to fuel the market. Composite slate roofing is designed to meet all the physical requirement of the supply chain to ensure that the product arrives on time while preserving the texture and convenience to handle.

Market Research Analysis:

The Composite Slate Roofing Market is expected to reach market size of USD 2,819 million by the end of forecast period with CAGR 3.20% between 2021 and 2030. Asia-Pacific region holds largest share in the global market. Rapid lifestyle changes and economic growth, coupled with rising population in China and India have spiked the growth rate of composite slate roofing in the region. Chinese government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. Europe was the second-largest market for the global composite slate roofing in 2016. Rise in the residential replacement activities, rising environmental concerns and the growing interest in energy saving & cost benefit construction, are the factors driving the growth of the market in European region.

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Scope of the Report:

This study provides an overview of the global Composite slate roofing, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global composite slate roofing market as type, application. On the basis of type it is segmented as shingles, tiles and shakes. On the basis of application it is segmented as residential and non-residential.

Key Players:

The key players of global Composite slate roofing market include DaVinci Roofscapes, LLC (U.S.), Ply Gem Roofing (U.S.), CertainTeed Corporation (U.S.), Enviroshake Quality Engineered Roofing (Canada), EcoStar LLC. (U.S.), Moderne Slate Roofing Systems (U.S.), Baker Roofing Company (U.S.), Colorado Roofing Contractors, LLC (U.S.), Inspire Roofing Products (U.S.) and Brava Roof Tile (U.S.) 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.

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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 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 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.

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:

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Market Highlights:

Decorative Tile are currently used in all major residential non-residential sectors. The phenomenal growth in construction industry around the world, which utilizes Decorative Tiles for floors, walls and others. Decorative Tiles are water resistant, high strength and are durable, also they provide lavish interior look. The growth in overall modern residential sectors, shopping centers, institutions and other major amenities provider sectors and the growing demand for luxurious as well as durable tiles are driving the Global Decorative Tile Market.

Key Players:

The key players of Global Decorative Tile Market are H R Johnson (India), Kajaria Ceramics Ltd. (India), Crossville Inc. (U.S), Internacional De Ceramica Sab De Cv (Mexico), Iris Ceramica (Italy), Panariagroup Industrie Ceramiche S.p.A. (Italy), Porcelanosa Grupo (Spain), Seneca Tiles (U.S), Mohawk Industries, Inc. (U.S) and Emser Tile LLC (U.S).

Market Research Analysis:

Floors is expected to grow at the fastest rate:

Decorative Tile are segment into floors, walls covering according to their applications. Floors segment is expected to grow at the highest growth rate in forecast period as, floor is the predominant application for Decorative Tile. This growth is due to the growing demand by the consumers for floor tile in kitchens, bathrooms, dining rooms, and foyers, in both new residence and in restoration projects. Decorative tile floors also appeals to commercial sector as they provide high durability, low maintenance and slip resistance.

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Scope of the Report:

This study provides an overview of the Global Decor Tiles , tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Decorative Tile Market by its type, by application, by end user and by region.

By Type

Ceramic Tile

Porcelain Tile

Stone Tile

Others

By Application

Floors

Walls

Others

By End User

Residential

Commercial

By Regions

North America

Asia Pacific

Europe

Rest of the World

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

Caprolactam is an organic compound with the molecular formula ((CH2)5CNH). It is a colorless solid and a lactam of caproic acid. Caprolactam possess irritant properties and is mildly toxic.

Caprolactam opportunity is used in various end user industries such as tire cords, films coatings, consumer goods, wires cables, monomer castings and molding engineered components and others. Growing demand for caprolactam is due to it is as a raw material to produce Nylon 6 fibers and Nylon 6 resins coupled with continuing growth in end use industries are some of the major factors expected to support the country's caprolactam market during the forecasted period . Moreover, growing textile industry coupled with favorable government initiatives are expected to boost the demand for caprolactam in the country during 2021-2028.

Regional analysis:

The Asia-Pacific Caprolactam Market Size is expected to grow at the CAGR 8.40 % due to high production growth rate in the automotive industry in the region. The report estimates the size of the caprolactam market, both in terms of volume and value. Asia-Pacific caprolactam market is estimated to reach USD 18.63 Billionby 2028. The key driver of the market is the growing demand from the automotive, electrical electronics market

China's demand for Caprolactam analysis has been growing at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import export, consumer consumption and capital investment for over two decades. MRFR analysis China's economic trends, investment environment, industry development, supply and demand, and industry structure.

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End-use analysis:

Textile yarn was the second largest market in 2021, accounting for over XX% of volume share in 2021 growing demand for textile yarn for manufacturing apparels, sportswear, fashion wear and swimwear is expected to have a positive impact on the industry over the forecast period.

Industrial yarn was the second largest end-use valued over USD 2.08 billion in 2021. Besides increasing consumption of industrial yarn for manufacturing cordage, slings, mechanical rubber goods and geotextiles is expected to result in increasing requirement of the chemical over forecasted period.

Competitive Analysis

BASF SE, China Petroleum Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC and DSM dominated the global caprolactam market share in 2021.

Companies including BASF and DSM are integrated across numerous stages of the value chain. These companies are engaged in raw material production, which are consumed for manufacturing caprolactam. Integration across numerous stages of the value chain results in continuous raw material supply including ammonia and cyclohexane

Global Caprolactam Market Players:

The major key players of this market are: BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum Chemical Corporation (Sinopec Limited), Lanxess Ag, Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, China Petrochemical Development Corporation (CPDC), and others.

Segmentation:

The global caprolactam market size is majorly segmented on the basis of source and end-use. Based on source of caprolactam the market is segmented into phenol, toluene and cyclohexane. Similarly, on the basis of end-use the market is classified into textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers and 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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Market Research Future (MRFR) confirms that the Structural Adhesives Market Size had touched USD 18.3 billion in 2016 and should be able to capture a CAGR of 7.9% during 2022 and 2030.

Key Boosters and Barriers

The fast-expanding sectors like construction, automotive, transportation and furniture are encouraging structural adhesive companies to spend considerably on research and development activities. Adhesive has become an indispensable component in several sectors and are frequently subjected to advancements, which further boost their appeal and application scope. Structural adhesives have impressive thermal, chemical, abrasion and impact resistance and provide high load-bearing capability, strength, resistance and durability against heat, impact, solvents and fatigue. These also offer benefits like smoother lines with no protruding rivets, weld marks or nails in the body of the vehicle such as car, bus, and truck.

The market growth is also facilitated by the rising preference for modified polyurethane and epoxies adhesives, coupled with the surging prevalence of methyl methacrylate adhesives in marine, wind energy, automotive and building & construction applications. Mounting penetration of advanced composites, rampant demand for green, sustainable, and non-hazardous Structural Adhesives, and inclination towards low carbon-emitting and lightweight vehicles as well as aircraft will also ensure solid market growth for structural adhesives in subsequent years.

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Competitive Landscape

The Most Prominent Major Key Players in the Structural Adhesives Market Opportunity

Ried B.V. Co.

Hubei Huitian Adhesive Enterprise Co.

Arkema S.A.

Scott Bader Company

Lord Corporation

Henkel AG & Co.

SIKA AG

Ashland Inc.

The Dow Chemical Company

3M Company

Regional Insight

Structural adhesive market size Report can be regionally split into Europe, Asia Pacific or APAC, MEA or Middle East & Africa and North America.

Fast industrialization rate and high demand in furniture and construction sectors have made APAC the highest gainer in the global market. The stunning growth can also be credited to the escalating use of adhesives in the automotive and transportation sector, especially in India, South Korea, China, and Japan. Therefore, these countries are presumed to be the most profitable markets in the region in the years to come. Indonesia and Thailand are some of the fastest expanding markets for structural adhesives, in view of the surge in tax incentives offered by the government and the high availability of cheap priced labor as well as materials.

Europe market has taken the second lead in the global industry, while Germany, Italy, Spain and the UK and France are emerging as the top contributors. Rising government expenditure with respect to commercial buildings and public infrastructure is likely to enhance the use of structural adhesives for applications in roofing, wall coverings and window panels. High living standards of the consumers who are focused on the latest trends in terms of furniture designs should further foster the market demand in the ensuing years.

North America is on a healthy growth trajectory, on account of the extensive use of structural adhesives in the construction and automotive industries. The biggest market in North America is the US, considering the booming sales of automobiles such as trucks, vans and more. Substrates like plastics, glass, composites, and metals are significantly used for vehicle manufacturing in the country and is expected to be favorable for the structural adhesives market during the analysis period.

Segmental Review

Automotive adhesives market has been considered for product type, technology and application are the top segments considered in the MRFR report.

The product types analyzed are acrylic, epoxy, cyanoacrylate, urethanes, and others. Epoxy remains one of the most sought-after structural adhesives in the market as it adheres to several material types, has high strength, produces low VOC during the curing process, and can bear heavy loads.

The technologies covered in the report are water-based as well as solvent-based. Water based structural adhesives are significantly used in hard and rigid joining like automotive assembly, furniture panels, household appliances and joint cements. The demand is bolstered by the strict regulations imposed by environment agencies pertaining to the volatile organic compound present in solvent-based adhesives.

The top applications of structural adhesives include transportation, automotive, furniture, building & construction, and more.

Latest Updates

February 2021

Bostik, a renowned player in advanced adhesive solutions has acquired Poliplas Ltda. Bostik is a Brazilian company and is well-known in the fast-expanding hybrid adhesives and sealants industry. Poliplas, on the other hand, is a major firm in the Brazilian adhesives industry. Both the companies will team up to offer high performance and quality adhesives as per the customers’ requirements. The acquisition is expected to push Bostik’s strategy to make a name in the construction sector, while reinforcing its position in the adhesives domain.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Structural Adhesives Market

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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