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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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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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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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.

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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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Nitrile Butadiene Rubber Latex Market By Application (Gloves [Medical, Industrial]) 2018-2025

NBR latex market is directed by environment protection associations to a considerable extent. The product is mostly made of petrochemical derivatives that causes pollution and are hazardous to environment. Moreover, product is mostly used by the medical industry due to which there are certain regulations are imposed by the healthcare industry.

Nitrile butadiene rubber latex market for healthcare & clean room industry has a high growth potential and this end-user segment is estimated to grow with substantial CAGR during the forecast timespan. The main factor driving this tremendous growth is the rising gloves consumption across medical and pharmaceutical sectors. Nitrile butadiene rubber latex is widely used for gloves production as it provides the desired strength and chemical resistance, which is required in healthcare industry.

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Nitrile Butadiene Rubber Latex Market size is forecast to exceed USD 2.4 billion by 2025; according to a new research report by Global Market Insights, Inc. With increase in capital expenditure by private companies and governments in healthcare infrastructure, it is likely to boost the technological innovations, low cost drug delivery systems and low-cost production of generic drugs. In addition, rise in per capita income of people in developing nations, has led to an increase in the individual healthcare spending in these countries. The gloves manufacturing has also received a high demand since the outbreak of major epidemics across the globe. The industry is likely to witness substantial growth over the forecast timeframe, subsequently driving nitrile butadiene rubber latex demand over the next few years.

High product cost and fluctuations in crude oil prices might hamper nitrile butadiene rubber latex market size growth over the forecast duration. Synthetic rubber is made from petrochemicals products which are derived from crude oil. Constant fluctuations in demand supply dynamics of crude oil market brings peak variations in prices and thus commodity market. This will obstruct NBR latex market growth in the coming years.

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Medical gloves held the largest share in gloves market in 2017. It includes surgical and examination gloves. Industrial gloves include gloves for materials and chemicals handling and protecting workforce from potential hazards through chemicals. Glove manufacturers in Asia Pacific export to countries including the U.S., Russia, Ukraine and other countries in Latin America and Europe. This will fuel nitrile butadiene rubber latex demand over the forecast duration across Asia Pacific.

Increasing industrial bases across developing countries will have positive influence on industrial gloves demand in the coming years, which will subsequently accelerate NBR latex market volume over the forecast timeframe. Industrial gloves are used across metalworking, automotive, steel, iron, mining, component manufacturing and chemical industries.

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Asia Pacific will be the fastest growing region in global NBR latex market over the forecast duration. The region has presence of many multi-national latex producers and glove manufacturers, which reduces the overall cost of glove manufacturing and hence wide reach to companies requiring gloves. Low-cost labor and raw materials are two prime factors which have led to low prices for nitrile butadiene rubber latex and eventually gloves in this region. Companies in Asia Pacific have adopted strategy of production capacity expansion to grad larger chunk of market share. Kumho and Synthomer are top two companies producing NBR latex in the region.

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Major Key Players of Personal Protective Equipment Market & Industry share 2018–2024

Personal Protective Equipment Market

Germany Personal Protective Equipment market is anticipated to surpass USD 5.5 billion by 2024. In food processing industry, food is handled selecting the right safety equipment including gloves, apron, and caps. Majorly to avoid cuts, injuries to the skin & hands, and to avoid health risks to consumers from contaminated food ingredients.

​Personal Protective Equipment (PPE) Market size is set to surpass USD 70 billion by 2024; according to a new research report by Global Market Insights, Inc. Personal protective equipment is used to protect body from infection, injury, and accidental hazards along with workplace safety to the employees. It includes protective helmets, clothing, goggles, gloves, respiratory protection, and footwear. The equipment protects wearer from electrical, physical, biohazards, chemical, heat and airborne particulate matter. Growing investments in PPE equipment in maintaining industrial and worker’s safety along with availability of diverse product range is likely to favor PPE industry growth.

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Manufacturing industry is a labor-intensive sector and involves various processes along with hazardous chemicals, gasses and equipment which may boost product demand. Rising fatal accidents leading to injuries, loss of life and additional cost of compensation has promoted use of safety equipment. Rapid industrialization along with growing investments has led to developing various industries such as oil & gas, chemical, mining and steel production thereby driving PPE industry growth.

Favorable regulations led by OSHA regarding occupational safety to control hazards effectively at its source to protect employees. PPE equipment minimize exposure to variety of hazards. OSHA is responsible to maintain improved and safe working conditions for workers mainly in areas of potential hazards and design standards and regulations which actively involves worker’s safety across various industries. Increasing awareness regarding worker’s safety along with various manufacturers providing proper fitting equipment in compliance with regulatory norms may have positive influence on personal protective equipment industry growth.

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Personal Protective Equipment cater to mechanical, mining, chemical, oil & gas, construction, manufacturing industries. These equipment helps workers to avoid vapors, dust, fog, mist, smoke and other harmful chemicals & gases. Increasing R&D spending on technological innovation in this sector may stimulate industry growth. The effectiveness of PPE relies on workers following instructions and procedures correctly.

Personal Protective Equipment market size from oil & gas application may exceed to USD 12 billion up to 2024. Fuel deposits are found in natural underground reservoirs both offshore and onshore. These fields are then drilled and pumped by using heavy machineries. Workers need strong protection against all these potential dangers including oil spills, risk of flammability, and fall to work comfortably in their protective garments will drive the market demand.

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Personal Protective Equipment market size from chemical application is anticipated to exceed USD 7.5 billion by 2024. PPE is used by workers to eliminate exposure to harmful chemicals. Chemicals can cause injury through direct skin contact, by inhalation of fumes vapors and dust. Typical products utilized include skin protection, eye protection and face shields which would drive product demand.

Global Personal Protective Equipment (PPE) market share is competitive and moderately fragmented with some of the manufactures which includes 3M, Ansell Ltd., Honeywell, JAL Group, MSA, DuPont. Companies are focused to manufacture innovative safety products which can have utilization in various end-use industry.

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Electronic Ceramics Market growth outlook with industry review and forecast 2018-2025

Electronic Ceramics Market
Based on revenue, automotive and transportation sector shows a considerable growth in the end-user segment of Electronic Ceramics Market with a CAGR of more than 4% from 2018 to 2025.The product is used in parking sensors, airbag sensors, actuators and in the fuel injectors of the diesel engines as replacement of conventionally used solenoid valve devices. Growing population along with improving standard of living will result in the growth of the automobile sector, thus driving product demand in coming years.

Electronic Ceramics Market Size will surpass USD 15 billion by 2025; according to a new research report by Global Market Insights, Inc. Dynamic growth in European healthcare sector due to increasing number of aging population and advent of chronic diseases is one of the crucial factors constituting to the regional electronic ceramics market growth.

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Electronic ceramics, also called electroceramics, are used in various laboratory analytical apparatus, x-ray equipment and also employed in photomultipliers of various medical imaging systems to create 3D images. This in turn will help surgeons to perform various complex medical procedures with better accuracy. Globally, expenditure in the healthcare sector is going to rise by 50% reaching over USD 8.5 trillion by 2020. European healthcare expenditure is high as compared to other regions, with the German healthcare expenditure reaching the highest in the region at close to USD 385 billion in 2015. This was more than a tenth of the country’s GDP.  The above-mentioned trends are projected to continue and will bolster the electronic ceramics market growth by 2025.

Surge in telecommunication sector will be another key causative factor for the electronic ceramics market growth. Electroceramics are easily laser trimmed to be used in antenna chips of mobile phones, automobiles, and various other industrial and consumer electronic products. Large cellular phone consumer base in Asia Pacific has resulted in huge investments done by leading players in the telecommunication sector.

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By the end of 2016, about 2.5 billion of unique subscribers were present in the region which is around two third of the regional population. Mobile broadband connections are also expected to reach from 50% in 2016 to 72% by 2020. The technological advancement coupled with increasing disposable income is expected to boost the subscriber penetration in future. Government of emerging economies are also taking steps to bolster sector by promoting domestic manufacturing through easing of rules and regulations. This will give an up thrust to the electronic ceramics demand in market over the forecast timespan.

Based on revenue, piezoelectric ceramics will witness a growth rate of about 5% over the forecast time period. The product shows piezoelectric effect which means on the application of mechanical stress it produces electric signals. Various devices such as power transformers, sensors, ultrasound imaging, actuators are made using this effect either directly or conversely.

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On the basis of region, Asia Pacific electronic ceramics market will witness a growth rate of about 5% with revenue reaching beyond USD 6 billion by 2025. Significant increase in the purchasing capacity of the regional population will spur the demand for consumer electronics and home appliances, thus catapulting the product demand in the region.

Some of the key players of electronic ceramics market are APC International Ltd., Morgan Advanced Materials, Kyocera Corporation, CeramTech Holdings Gmbh, Central Electronics Limited, Maruwa Co.Ltd., Sensor Technology Ltd., PI Ceramics, Murata Manufacturing Co.Ltd., Sparkler Ceramics Pvt. Ltd, and Vinayak Techno Ceramics.

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Spout Liquid Pouch Packaging Market by Type (Spout, Non-Spout) 2018-2024

Spout liquid pouch packaging market will witness CAGR at over 6.5% up to 2024. No spillage along with high protection layering are among major properties driving product scope in food & beverage, pharmaceutical, and industrial applications. Non-spout liquid pouch packaging market dominates the industry share. Design flexibility along with product innovations are among key factors fueling the business growth.

Spout & Non-Spout Liquid Pouch Packaging Market size is estimated to surpass USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc. Necessity for light weight and easy to carry products particularly among travelers and tourists will drive the spout liquid pouch packaging market size. Improved consumer experience accompanied by ease in consumption and stain free properties will support the industry growth. Rapid urbanization along with busier lifestyles enhancing the processed food demand will support the product scope.

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Inclination towards eco-friendly materials along with favorable government regulations on sustainable packing innovations will augment the industry demand. Shifting trend towards raw material cost reduction among manufacturers will fuel the product scope. However, raw material cost variations due to fluctuating petrochemical prices may hamper the business growth.

Food & beverage applications in non-spout liquid pouch packaging market was valued over USD 3 billion in 2017. Shifting consumer preferences towards processed food and fluid diet due to increasing health awareness will proliferate the application scope. Extensive durability through flavor retention, nutritional value and freshness maintenance are substantial properties driving product penetration.

200ml size exhibited a dominating share in the spout liquid pouch packaging market share. High application scope owing to light weight, compatible strength along with adoption of standardized sizes in food & beverage applications will propel the segment growth. Rising penetration in personal care and home care segments particularly for soaps & detergents will support the product demand.

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Three-layer laminates accounted for over 45% in the spout liquid pouch packaging market in 2017. Ease in high quality design printing on film surface will supplement the segment demand. High application scope in food & beverage applications owing to enhanced shelf life will support the product demand. However, four-layer laminates are expected to witness the fastest CAGR owing to increasing demand from industrial applications.

Asia pacific non-spout liquid pouch packaging market is anticipated to report more than 2 million tons by 2024. Rising penetration of supermarkets offering discounted prices coupled with increasing consumer spending on FMCG products will drive the industry demand. Potential food & beverage and home care market is among primary driver for regional industry growth

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Global industry share is highly fragmented owing to presence of large number of unorganized small-scale players along with global players. Ampac, IMPAK Corporation, Uflex, Tetra Pak International, Sonoco, Swiss Pac, and Weyerhaeuser Company are among major players. Expanding distribution and sales network coupled with research & development investments are among vital strategies adopted among industry players. Other prominent players include Constantia Flexibles, Clondalkin Group, Südpack Verpackungen, Cellpack, Huhtamaki Oyj, DOW Chemical Company, and Smurfit Kappa.

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.

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

Performance Elastomers Market By End-User (Industrial Machinery, Electrical & Electronics, Food & Beverage, Consumer Goods)2018-2024

Performance Elastomers Market
Performance Elastomers Market also finds wide applications in the mining, smelting, oil exploration, metalworking, and foundries machineries. In 2016 for instance, the industrial machinery sector accounted for USD 800 million of the overall performance elastomers market revenue.

In an era that requires industrial products to mandatorily depict the properties of flexibility, durability, and reliability, performance elastomers market has indeed traversed a profitable growth path. Mainly deployed in products that require a higher resistance to extreme temperatures and pressure, performance elastomers are liberally used across the aerospace and automobile domains, subject to the fact that these sectors demand such temperature-resistant and pressure-enduring components.

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In this regard, it would be fair to state that despite the end-use spectrum of performance elastomers market encompassing domains such as building & construction, electrical & electronics, industrial machinery, food & beverage, and consumer goods, the automotive & aerospace sectors are certain to be the most lucrative growth avenues for this business space.

The automotive industry has indeed witnessed significant growth all over the world in the last few decades, especially across the emerging economies of the Asia Pacific. This in consequence, would majorly influence the sales graph of performance elastomers market, given that high-performance elastomers are used in various parts of automobiles such as airducts, turbocharger hoses, chassis suspension, gaskets and sealants.

Performance elastomers are used to manufacture parts of the aircraft that have to withstand aggressive fluids, including jet fuels, hydraulic fluids, engine lubricating oils, oxidizers and rocket propellants. Aircrafts and aerospace engines also require highly stable elastomers that can withstand the effects of aggressive aerospace fuels and oxidizers. They are also used for both static and dynamic applications, as they exhibit excellent mechanical properties and are used as sealants in aircrafts, subsequently propelling performance elastomers industry size from the aerospace sector.

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Asia Pacific, with its wide manufacturing base has been projected to be the most profitable growth ground for performance elastomers market, owing to the fact that the automotive industry has been expanding heavily across the emerging economies of this geography. APAC performance elastomers industry size, worth USD 4 billion in 2016, will continue to depict an upward growth trend over 2017-2024, subject to the emergence of the evolving middle class populace and the increase in the purchase parity of consumers. The growth of the performance elastomers market in Europe and North America has been forecast to be slightly moderate as compared to its growth in Asia and Latin America, not only due to the shifting base of manufacturing units, but also due to cheaper labor and relaxed governmental restrictions on operations in Asia and South America.

Some of the major players of the performance elastomers industry include Dow Dupont Inc, Momentive Performance Materials, Exxon Mobil, The 3M Company, Solvay, Zeon Chemicals, Mitsui Chemical, and Daikin. These companies have been continually involved in extensive research and development programs in order to bring forth major innovations in product designs and development, which would eventually impact the commercialization potential of performance elastomers market.

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The only restrictive factors that can hinder the growth of the performance elastomers industry seems to be the high cost of the product and its manufacturing process. Since these elastomers have to be specially manufactured to withstand extreme temperatures and perform in high pressure environments, they naturally cost more than standard elastomers, hampering the market growth. Nonetheless, performance elastomers market is still liable to exhibit major growth prospects, with a target revenue estimation of USD 14 billion by 2024.

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.

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