Polymer Nanocomposites Market 2019 to 2025, key industry players & growth trends

Polymer Nanocomposites Market

Global Market Insights, Inc. has launched a report on Polymer Nanocomposites Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Driven by excessive product deployment across numerous end-user applications such as automotive, packaging, electronics, and paints, polymer nanocomposites market size is slated to experience substantial growth over the ensuing years. These materials are created from dispersed nanomaterials into a resin matrix that improves plastic properties. The product also acts as a great substitute for metal parts in the aerospace and automotive industry, which will positively impact polymer nanocomposites industry growth in the coming years.

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The demand for lightweight parts is a key growth factor increasing the global polymer nanocomposites market share from the automotive sector. The demand for lightweight materials in developed regions is estimated to rise, primarily due to the imposition of stringent fuel economy and vehicular emission standards.

This trend is further proliferated by the high penetration of battery electric vehicles across the world, owing to rising Co2 levels from conventional vehicles. Improved battery solutions and infrastructure paired with reduced maintenance cost, due to the absence of complex mechanical parts, will further accelerate the adoption of electric vehicles. EVs increasingly deploy lightweight parts, due to their ability to enhance vehicle performance. Polymer nanocomposites are used to replace several heavy metal parts, which implies that the increasing EV demand is a good sign for global polymer nanocomposites market outlook over the forecast period.

Over the last few decades, polymer nanocomposites have evolved as the most promising materials to be added to the food packaging applications. This is can be credited to various properties such as gas barrier and mechanical or antimicrobial characteristics that help in extending the shelf-life of the product and enhancing its quality.  Increasing consumer preference for packaged food and beverages will primarily drive the demand for advanced food packaging, which will significantly impact polymer nanocomposites industry trends over the coming years.

Increasing research and development activities to explore the potential of nanotechnology is another growth factor for polymer nanocomposites industry.  A recent study conducted by scientists from the Delft University of Technology and the University of Rochester unveiled the possible use of nanomaterials in developing computer technology and medical equipment. Research in nanotechnology can discover new applications for polymer nanocomposite properties, which could, in turn, benefit global polymer nanocomposites market in the future.

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Polymer nanocomposites are extensively applied in several biomedical applications like prosthesis, hip implants, wound healing, vascular grafts, medical devices, and artificial organs. In terms of bio applications, polymer nanocomposites properties are known to possess numerous advantages such as the availability of synthetic polymer matrices and their convenient and tunable fabrication techniques. For instance, the use of polymer nanocomposite scaffolds for tissue engineering depicts high cell adhesion, biodegradability, and low inflammation upon implantation. Owing to such advantages, the biomedical applications present a wide scope for polymer nanocomposites market.

Based on polymer types, epoxy-resin based nanocomposites are anticipated to grow at a high CAGR between the years 2019 to 2025. This possibility can be credited to its excessive use in electronic applications like ESD coatings, resistive inks, conductive primers, and more. ESD coatings are highly used in furniture, workbenches, and shelving. Burgeoning commercial and industrial infrastructure development will significantly drive the demand for epoxy-resin based nanocomposites.

In terms of regional growth, the North America market has consistently held a profitable position in global polymer nanocomposites market. NNI agencies in the United States have dedicatedly invested in the establishment of multidisciplinary research and education centers focused on nanoscience and nanotechnology. Moreover, the region boasts a well-established market for processed food and beverages. Therefore, the rising demand for nanocomposites from the food packaging industry will further proliferate market growth in the region.

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Meanwhile, the Asia Pacific market is also emerging as a strong contender in the business sphere. The market, driven by India, China, and Japan is witnessing increasing demand for nanomaterials-based products. Nanomaterials find significant use in paints and coatings, which will observe a high demand in the region owing to the burgeoning need for residential and commercial properties, particularly in India and China.

Polymer nanocomposites are seeing increasing demand from numerous industries in recent years. Besides its mechanical properties, polymer nanocomposites-based graphene and nanotubes are being used to improve a wide range of properties, triggering the use of functional materials for an extensive range of high-value applications.

According to a research report by Global Market Insights, Inc., polymer nanocomposites market is anticipated to be worth more than $31 billion by 2025.

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Vacuum pump market share by applications and regional players

Vacuum pump market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, end-user, technology, region. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the pump industry, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Vacuum pump market competitive environment, diving into the industry position of each major company along with the strategic landscape.

Vacuum Pump Market will surpass USD 6.5 billion by 2025; according to a new research report. Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump positively in future.

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Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion. Upsurge in research & development investment in medical sector coupled with outbreak of various diseases owing to the change in food habits, lifestyle and climatic conditions are the factors that will have significant impact on the sales of medicine, and thus will drive the vacuum pump market in coming years.

Development in chemical industry is the key factor impacting the sales of vacuum pump positively in coming years. Global chemical industry is likely to register around USD 5.5 billion by 2025 and China accounts the major share in the entire industry. This is all due to the existence of various small as well as medium scale manufacturers which caters the native demand, and this trend is expected to follow throughout the forecast period. Developing economies like Indonesia, India and Thailand and will spur the chemical market growth in Asia Pacific region. Extensive usage of the product in chemical industry for many critical applications, such as in maintaining clean & dry reaction environments, will propel the regional vacuum pumps market demand over the forecast spell.

Major points presented and analyzed in the study include multiple segmentation coverage (one or more/all) as listed below:

  • Vacuum pump Industry Landscape
    • Growth drivers
    • Pitfalls & challenges
    • Regional regulatory scenario
    • Regional pricing trends
    • Cost structure analysis
    • Industry ecosystem
    • Competitive landscape
      • Company profiles
      • Supplier information
    • Vacuum pump market, By Product (Estimates & Forecast to 2025)
    • Vacuum pump market, By Application (Estimates & Forecast to 2025)

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The vacuum pumps market is fragmented by product, which include high, low and medium vacuum pumps. Among these, high speed vacuum pumps are likely to register positive growth due to its end user industries will register the significant growth in forecast spell. In terms of value, the high vacuum pumps registered more than USD 2.5 billion by 2025.

Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pumps market growth by 2025.

On the basis of region, China vacuum pumps industry will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.

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The major players in the vacuum pump market include DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama, etc.

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What will be the size of Polymer Foam Market in 2019 to 2025…?

Building & construction deemed to be a profitable quotient for polymer foam market as the product is primarily used for thermal and acoustic insulation. Polymer foams are suitable to roofs and walls for new homes and remodeling existing home.

According to the U.S. Department of Energy, traditional foam requires more energy consumption while product reduce the consumption, maintain uniform temperature and reduce noise levels. The walls made from polymer foams are thin and provide excellent insulation which reduces the construction cost as well as utility bills. Asia Pacific building & construction sector will grow at substantial rate owing to rapid urbanization coupled with high disposable income will spur the product market in next six years down the line.

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Polymer Foam Market Size will witness a profitable gain owing to use of product in myriad end-user segment including furniture & bedding, building & construction, automobile & transportation and others.

Polymer foams is the mixture of various polymer resins, gas and solid phase. The commonly used resins during the product manufacturing include polyurethane, polyvinyl chloride (PVC), phenolic resins, polystyrene, etc. The other raw material includes refined petroleum solutions, inorganic chemicals. Polymer foams are developed by incorporation of gas in a solid phase resulting in air incorporated porous structure.

The product market will grow at rapid pace due to the unrivalled properties of product such as strength to weight ratio, light weight, outstanding acoustic and thermal insulation, cushioning effect and high shock absorbing capacity. Moreover, these products are less costly than metallic foams or fiber glass which increase the polymer foam market demand during the forecast timeframe.

Based on type, polymer foam market is bifurcated into rigid and flexible. Flexible foam accounted for more than half of the overall market owing to its low cost and easy application. These are commonly used in building & construction, footwears, sport & recreations, textiles and others.

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On product basis, Polymer Foam Market is diversified into polyurethanes, polystyrene, polyvinyl chloride, phenolic resins, polyolefins, and melamine. The other niche product includes micro cellulose, polyimide chloroprene, etc. Among these, polyurethane will have largest market share and will grow at a significant growth rate owing to increasing construction and renovation activities in North America.

Asia Pacific held major chunks of the product market share and will grow at a substantial growth rate owing to rapid industrialization in developing nation such as India, and China. Various initiative by the government to increase the manufacturing activities in their region will bolster the product market. For instance, Indian government has taken various initiatives such as ‘Make in India’, ‘Digital India’ and allow FDI to increase the manufacturing units in India. This will surge the manufacturing activities and further spur the polymer foam market by the end of 2024.

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The major players in the Polymer Foam Market are Armacell International, Ach Foam Technologies, BASF, PAR Group, Roger Corporations, SABIC, The Dow Chemical Company, Toray Industries, Total, Foam Partner Group, Simona America, Borealis, Dyplast Products, Polymer Technologies, Sealed Air, and Synthos.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Flat Glass Market growth drivers in 2019 & Challenges by 2024

Europe flat glass market led by Germany, Italy and Russia anticipates growth at over 5.5% due to its expanding automotive industry and presence of major automobile manufacturers in the region. Growing environmental concerns has led to rise in emphasis on use of energy efficient technologies thereby contributing towards flat glass market.

Automotive applications from flat glass market should witness strong gains and surpass 1.8 billion sqr. mtrs in demand. Rising influence on safety owing to high accidental mortality rate may fuel product demand. Increasing usage to reduce vehicle weight in compliance with regulatory norms to control carbon emissions should positively favor industry growth.

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Flat Glass Market size will surpass USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong outlook towards increase in automotive production meeting the global demand owing to rise in middle class income level and consumer preference for luxury automobile should propel flat glass demand. Positive application scope for increasing usage in manufacturing windshields & window for cars and in sunroof for aesthetic appearance should drive product demand.

Flat glass is extensively used in construction industry replacing conventional bricks, wood and stone. Positive outlook towards growth in infrastructural spending for building airports and residential buildings coupled with strict amendments regarding use of ecofriendly building materials will drive industry growth.

Flat laminated glass market is poised to surpass USD 40 billion in sales by 2024. It is prominently used for skylight in construction and as windshield in automotive industry. Strong application indicator in windows, curtain walls, automotive windshield and storefront exterior should impact positively on product demand.

Strong R&D expenditure to formulate novel products with additional benefits including high insulation, strength, fire resistance, energy efficiency, chemical resistance and safety supported by technological innovations should drive flat glass market growth over the forecasted timeframe.

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Raw materials used in manufacturing flat glass include silica, limestone, soda ash and natural gas. Volatile raw material prices along with risk of procurement may challenge industry profitability thereby affecting flat glass market price trend. However, stringent environmental regulations on using hazardous substances supported by government initiatives pertaining to use of ecofriendly & energy saving building materials should surge product demand.

Flat tempered glass market may witness growth at over 7% owing to extensive use in household & building application. These products on impact breaks into small pieces and used in automotive application to reduce risk of injury in case of accidents. Other household application includes table, shelves, partitions and shower enclosures.

Shifting consumer inclination towards green building owing to rising environmental concerns is likely to favor industry growth. Growing awareness pertaining to usage of renewable energy resources to control environmental impact has led to rise in demand for flat glass in domestic applications and electricity generation thereby stimulating industry growth.

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Global flat glass market share is highly competitive and fragmented with major industry participants include Asahi, Guardian Group, GSC, Asahi India, Astro Cam and NSG Group. Companies collaborate with others to expand their regional presence and establish core competencies to strengthen market position.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Electrical Safety Personal Protective Equipment Market growth outlook with industry review and forecast 2018-2025

China electrical safety personal protective equipment market from insulating gloves may exceed USD 650 million by the end of 2025. Growing insulating gloves demand including low, medium and high voltage insulating gloves in manufacturing sector owing to superior dielectric, physical strength and flexibility properties should fuel product demand. Rising Chinese manufacturing industry due to Made in China 2025 initiative should increase in land production, thus driving regional industry growth.

Electrical PPE market from automotive application may surpass USD 250 million by the end of 2025. Predominantly utilized in automotive industries owing to prevent conducted and radiated hazards which should foster product demand. Mounting demand for safety equipment including arc rated clothing, insulating gloves, hard hats and protective footwear to gain protection against burns, puncture cuts and electrocution should stimulate industry growth.

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Electrical Safety PPE Market size is set to surpass USD 20 billion by 2025; according to a new research report by Global Market Insights, Inc. Rising product demand owing to employer inclination towards superior workplace safety should boost industry growth. Growing manufacturer focus towards aesthetic appearance, customer comfort and safety will increase safety equipment adoptions, thus propelling electrical safety PPE market size.

U.S. electrical PPE industry size may surpass USD 6.5 billion by 2025. Stringent safety regulations including OSHA general industry standards 1910.137 addressing electrical protective equipment requirements for different processes should fuel product demand.

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Electrical safety PPE market size from arc rated hoods may witness substantial growth over 5.5% by the end of 2025. This product is predominantly utilized for protection from electrical arc flash and flash fire hazards. It offers head, ear, neck & shoulder protection, anti-fog face shield, electrical & fire resistance and durability which should fuel product demand. Rising arc rated hoods demand in power generation industry due to increasing safety awareness should foster electrical PPE market growth.

Electrical PPE market size from oil & gas sector may observe strong gains on account of its usage against arc flash, explosion & electric shock hazards caused by low voltage motors, medium voltage machinery and distribution board should fuel product demand. Growing oil & gas industry due to expanding investments in explorations activities supported by rising gasoline demand should foster product demand.

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Electrical personal protection equipment market share is moderately fragmented with prominent players including UVEX Safety, Rock Fall, Baymro, MSA, UDYOGI pvt ltd, Paulson Manufacturing Corp, COFRA, Ansell, 3M, Honeywell, Oberon, Boddingtons Electrical, Black Stallion, NSA and PIP. Manufacturers are involved in joint venture, mergers and acquisitions to administer innovative technologies with expanding production capacities and lowering manufacturing cost to cater growing electrical PPE market growth.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Shape Memory Alloys Market growth outlook with industry review and forecast 2019-2025

Automotive sector is one of the key end-user segments in shape memory alloys market and will account for approximately 15% of the total industry by the end of the forecast timespan. Shape memory alloys reduce the aerodynamic drag in vehicles. They are used in louver systems to control the airflow in the vehicle engine. Shape memory alloys are also used to open and close the hatch vent for air-release from trunks in sports vehicles.

Copper-based SMA’s had a significant shape memory alloys market share in 2018 which is likely to grow at a CAGR over 10% during the forecast timespan. Copper-based shape memory alloys such as Cu-Zn-Al-Ni, Cu-Zn-Al, Cu-Al-Ni, etc. are used in seismic energy dissipation devices. Cu-Al-Ni SMAs are used in rotary actuators. Future innovations will increase the range of applications where this product type will be used, augmenting the market by the end of the forecast timespan.

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Shape Memory Alloys Market size will likely surpass USD 20 billion by 2025; according to a new research report by Global Market Insights, Inc. Escalating automobile industry in Asia Pacific region is one of the key driving factors for the (SMAs) shape memory alloys market. China is the largest automobile manufacturer in the world and has contributed more than one-fourth of the global automotive production in 2018.

In the same year, Japan and South Korea together accounted for over 12% of the global automobile production. Indian automobile market also witnessed a production growth by over 7% in 2018. Shape memory alloys are widely used as actuators in automobiles. Government initiatives and favorable policies, heavy investment from global leaders, along with rising spending power are few factors that will drive the regional automobile industry, which in turn will boost shape memory alloys market demand in near future.

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Another factor which will prosper the growth of shape memory alloys market is the rising product demand in the construction and electronics sectors. SMAs are widely used for vibration damping in civil structures. Shape memory alloy wires are embedded in IRC (Intelligent Reinforced Concrete) to sense and heal minute cracks. In electronics industry, the product is used in cameras, MD recorders, attitude-control system in stationary satellites, etc. Rising construction activities in the U.S. and BRICS coupled with rapidly growing electronics industry in the Asia Pacific region will boost SMA demand in near future.

Europe is a key region for the shape memory alloys market which is likely to gain by a fast rate over forecast timespan. Well-developed biomedical industry in the region is one of the primary reasons for the strong position of the region in the market. Germany has some world-renowned automobile manufacturers which are continuously working on advanced automotive projects. On the other hand, France is a prominent aircraft manufacturing market and had an aircraft export turnover of over USD 50 billion in 2017. The presence of such prominent end-user industries will prosper the regional demand for shape memory alloys by 2025.

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Some major players in shape memory alloys market ATI, Nippon Steel & Sumitomo Metals, Johnson Matthey, SAES, Furukawa Electric, Nippon Siesen, Fort Wayne Metals, etc. These companies have adopted expansion, product innovation and supply-agreement strategies to maintain their competitive advantages in the SMA market.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Battery Materials Recycling Market growth outlook with industry review and forecast 2019-2025

Battery materials recycling market is propelling from the past few years as a result of surging government regulations against dumping hazardous solid waste including batteries and growing demand from the end user industries especially from automotive and industrial sector.

Growing concerns regarding fossil fuels sustainability in future as they are on way to extinction, potential market players have been scrupulously planning a future thriving on electricity fuel deployment. The rising wave for renewable energies and electric vehicle is the major growth driver for this market. Also, stringent government regulations in Europe and North America are on their way to reshape future of battery materials recycling market.

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Battery Materials Recycling Market size will surpass USD 40 billion by 2025; according to a new research report by Global Market Insights, Inc. Although battery recycling was introduced globally as a move towards sustainable environment, but the objective does not prove it well since extraction of material when not performed in controlled conditions might cause co2 emission as well as land and water contamination. Apart from environmental concerns, recycling process is not much economically viable which will hinder many small players to enter the battery materials recycling market.

Owing to huge application of lead acid batteries in automotive sector, lead is recorded to be the most recycled material accounting for a market share of over 50% in 2025. The reasonable cost and energy efficient production process is expected to further drive the growth of lead extraction in future. On the other hand, iron is next most extracted material which is reused across numerous sectors. Plastics and steel are also extracted in large amounts from battery recycling technique which are then reused in ample number of areas including textiles, electronics, building & construction, aerospace and many other.

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Among all end user industries, the major application of battery materials recycling market has been seen in consumer goods & electronics industry by generating revenue USD 6.5 billion in 2018. Consumer goods & electronics industry utilizes the recycled materials in further production of new batteries or to make new appliances depending upon the type of material recycled. It utilizes materials such as iron, lead, plastics, etc.

Based on region, Asia Pacific emerged as the highest revenue generator for battery materials recycling market, raised by its huge domestic battery production as a result of increasing motor vehicle demand in economies such as China and India. For instance, automotive sector contributes to around 7% to India’s GDP. Future it also evident that government initiatives are also in favor of uplifting the automobile sector. For instance, National Electric Mobility Mission Plan (NEMMP) in India aims to improve long term growth of this sector.

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Battery materials recycling market has a diversified end user base giving rise to wide range of manufacturers and suppliers of products in the market. Some of the players that are engaged in manufacturing of battery materials are Exide Industries, Call2Recycle Inc., Terrapure Environmental, Accurec Recycling GmbH, Battery Solutions LLC, G&P Batteries etc. Many companies are adopting strategic innovations to attain competitive edge over other players. Exide Industries has recently announced two new projects which includes establishing a lead recycling plant in partnership with Energitech Technologies to enhance its battery manufacturing capacity.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Polyethylene Naphthalate (PEN) Market growth outlook with industry review and forecast 2018-2024

Polyethylene Naphthalate Market

U.S. polyethylene naphthalate market from packaging applications may exceed USD 130 million by the forecasted timeframe. Rising product demand from packaged food applications pertaining to high dimensional stability, high temperature stability, shrinkage resistance which may boost product demand. Increasing consumer demand for convenient food & beverages along with rising trend for on the go consumption may accelerate industry growth.

China polyethylene naphthalate market size may expect gains at over 8.5% by the end of 2024. Growing demand from automotive, electronics and packaging industries may propel regional market growth. Additionally, various manufacturers are shifting their production base from Europe and North America to China which may provide ample growth opportunities for market growth.

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Polyethylene Naphthalate (PEN) Market size is set to surpass USD 1.8 billion by 2024; according to a new research report by Global Market Insights, Inc.

Growing product demand for polyethylene naphthalate films in various industries such as automotive, electronics, food and beverage packaging, aerospace, imaging and photography applications may accelerate market growth. It is used in capacitors, providing self-healing properties, excellent shock resistance along with increasing overall reliability. The capacitors produced from these films provide low dielectric absorption, DC bias and enhances capacitance values similar to ceramic capacitors thereby stimulating polyethylene naphthalate market demand.

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Polyethylene naphthalate (PEN) market size from beverage bottling applications was valued at over USD 280 million in 2017. These are majorly incorporated in production of beer and juice bottles as the material provides high oxygen and moisture barriers of about 5 times more than PET and is considered most effective mono material. Also, these products provide durability when exposed to high temperatures. Increasing alcoholic beverages consumption owing to rapid urbanization, rising beer demand among youth population and affordability are the major factors contributing to polyethylene naphthalate market demand.

Polyethylene naphthalate market size from automotive tyres may witness significant gains at above 7.5% during the projected period. They are used in high-end and luxury cars providing smooth ride, rigidity and noise reduction making it an ideal material for producing lightweight tyres. Also, provides high dimensional stability when compared to plastics such as rayon and nylon. Increasing manufacturers inclination towards incorporation of PEN based products in cars along with its superior properties may promote market growth.

Germany polyethylene naphthalate market demand may witness gains of above 7.5% up to 2024. These products are used in producing high performance fibers as have better dimensional stability and high modules when compared to nylon fibers and PET.

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Teijin DuPont, Toray Industries, Durafiber Technologies, EPC Group, SKC, Polyonics and Kolon Plastics are the major manufacturers in the market. The raw material suppliers are forwardly integrated and supply these products to various end-use industries. The manufacturers are highly engaged on attracting new customers along with spending heavily on research activities to provide cost-effective products on a larger scale which may promote polyethylene naphthalate industry growth.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Ferroalloys Market Outlook To 2025: Emerging Trends, New Growth Opportunities, Regional Analysis

On the basis of product, ferroalloys market is segmented into ferromanganese, ferrochrome, ferro silicon, ferro silicon manganese and others. The others segment includes noble alloys such as ferronickel, ferro titanium, etc. Among these ferro silicon segment will cross USD 10 billion, showing a moderate growth rate over the forecast timespan. This is due to its ability to prevent carbon loss during steel production. It is widely used as a deoxidizer as well. Ferrosilicon has end-use in various industries such as metallurgical, chemical, electrical and electronics.

Ferroalloys Market size will surpass USD 70 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing construction industry in emerging economies of Asia Pacific region is one of the prominent factors influencing the growth of ferroalloy market in a positive manner. Rising population levels along with growth in per capita income in the region due to legislative decisions taken by governments have propelled overall construction sector in recent years. Ease of doing business index of many countries has improved in the region and this will boost the morale of private sector companies to invest extensively in order to reap greater profits from this resourceful market.

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Construction industry accounts almost half of steel consumption and the presence of enormous raw material reserves in Asia Pacific will further augment the product demand in steel production. In India about USD 650 billion of investment is estimated in urban infrastructure for the next 20 years. With improving construction methods, use of various steel products is expected to increase in the developing countries. The above-mentioned trends are expected to continue and will catapult ferroalloys market demand over forecast time period.

High operational costs incurred in production, coupled with stringent industry standards and environmental regulations may hamper the product market growth in near future. Amount of energy consumed in manufacturing some alloys is high and volatility in fuel prices will fluctuate the production cost. This will have a negative effect on the market growth.

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Based on application, the market is categorized into alloy steel, stainless steel, carbon steel and others. Among these, carbon steel shows a decent growth rate and will likely generate about USD 25 billion for the ferroalloy market in 2025. Carbon steel is widely used for making structural components such as bolts and fasteners, and machinery parts such as body parts, crankshafts, sprocket assemblies, couplings, pins, rods, spindles, etc.

On the basis of region, Asia Pacific will witness the CAGR of around 5% from 2018 to 2025. Increasing construction activities coupled with rising manufacturing sector due to prevalence of large, medium and small-scale industries and enormous iron deposits in the region will make it a notable regional player in global ferroalloys market.

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The key players in the market are OM Holdings, SAIL, Gulf Ferroalloys Company, Pertama Ferroalloys Brahm Group, Arcelor Mittal, Tata Steel, China Minmetals Corporation, Jindal Group, Ferroalloy Corporation Limited, S.C. Feral, Shanghai Shenjia , Sakura Ferroalloys, Nikopol, and Eurasian Natural Resources Corporation.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Industrial Safety Footwear Market Trends, Growth Forecast 2018 – 2024

Increasing focus towards workers safety in manufacturing and construction sectors to avoid mishaps may stimulate Industrial Safety Footwear Market. Growing construction safety requirements which are driven by increasing number of workplace accidents may influence the adoption of these safety footwears, which may improve occupational protection.

Footwear worn in the factory are chosen to avert injuries and hazards which includes contact with rolling objects, stepping on pointed objects, contact with chemical agents and exposure to thermal factors. Conventions and practices regarding worker health & safety concerns including total quality management (TQM) have driven industrial safety footwear demand making it mandatory for industries to fulfill rules regarding workers’ security at workplace.

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Mahttps://www.gminsights.com/request-sample/detail/1101nufacturers in most of the industrial firms are now becoming proactive regarding workers safety at workplace. Strict regulatory guidelines in the U.S. and UK has been enhancing companies to follow the regulation and rules to evade occupational hazard. As these hazards involve huge losses in terms of work disturbance, costs, legal issues, infrastructure damage and reimbursement to family. Personal protective equipment’s also play a major role in averting these hazards which may stimulate industrial safety shoes market.

Polyurethane based Industrial Safety Footwear Market size may surpass a consumption of 35 kilo tons by 2024. The shoes outsoles are manufactured from PU as they provide stability which in turn avoid mishaps at the workplace, thereby stimulating the industry demand.

Waterproof industrial safety shoes market size was estimated at over USD 390 million in 2017. These shoes are manufactured to protect foot from getting wet when in contact with water and are designed with membrane tape. These shoes are low in price, comfortable due to Gore-Tex patent expiration and improved technology in working with leathers, which may enhance the product growth.

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Industrial safety footwear from manufacturing application may register substantial gains at over 5.5% by the end of predicted timeframe. The boots should be water and chemical resistant which need special anti-slip and absorbing shocks sole to evade industrial fatalities and its wide application usage in the manufacturing sector.

The U.S. industrial safety shoes market growth is anticipated to exceed USD 2 billion by 2024 owing to growing demand for oil & gas, construction, mining, and pharmaceutical industries. These shoes are manufactured in compliance with ANSI and increasing demand for women’s safety shoes, are the driving factors for the market. Rising instances of fatal injuries at the workplace has highlighted the importance of PPE usage substantially in construction, oil & gas, food, transport, and pharmaceutical industries which may enhance product portfolio for Industrial Safety Footwear Market.

Germany industrial safety shoes market demand should register substantial growth at around 4.5% over the predicted timeframe. Germany is the biggest footwear market in the Western Europe as the country have various independent retailers. In addition, labeling rules are gaining importance in the region as if the material is from endangered plants or animals it must comply with rules of Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Growing animal concern due to sustainability issues should drive textile and leather industries in the region, which in turn stimulate product demand.

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China Industrial Safety Footwear Market size may exceed USD 700 million by the end of foreseeable timeframe. Growing construction sector owing to increasing disposable income and government spending on infrastructural projects may stimulate material demand. Growing demand from European countries and increasing focus on importing to shift sourcing from China to other low-cost producing countries, may drive regional growth.

JAL group, COFRA, Simon, W.L Gore and Honeywell International are the key industrial players in the Industrial Safety Footwear Market. New product launches and intensive R&D may enhance product portfolio which may further boost industry growth. Most of the producers are now developing new products to increase safety shoes demand which may accelerate industrial safety footwear growth over the forecast timeframe.

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About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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