Phenolic Resins Market growth outlook with industry review and forecast 2019-2025

North America accounted for a significant share in phenolic resins market in 2018. Steadily growing electrical & electronics industry in the region has been fueling product demand from past few years and shall drive the market in the coming years. European market has witnessed moderate CAGR in past few years. Consumer good industry in the region created significant product demand in 2018. High disposable income and luxurious lifestyle were the major attributes behind it.

Phenolic Resins Market size will be driven by increasing transportation industry across the globe. Phenolic resins are used for rubber processing due to their properties such as high thermal resistance, strength and fire-resistant properties.

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Growing transportation business across the globe will drive the rubber processing industry growth which will in turn, accelerate phenolic resins market growth in near future. On account of increasing business activities and regional trade, transportation industry shall reap substantial benefits in the coming years. Moreover, product is highly used in wood adhesives and rapidly growing wood adhesive demand in construction industry will drive the phenolic resins market size over the forecast period.

Construction industry growth will be majorly driven by regions such as Asia Pacific and Middle East & Africa, owing to their increasing population and exponentially growing real estate & construction business in the region. Middle East construction industry will be driven by the factors such as higher market demands due to demographics, stronger support by the State and moderate increase in oil prices. This will ultimately drive product demand during the forecast timeframe.

Major product segments in phenolic resins market size include novolac and resol. among which novolac is likely to have a major share owing to its properties such as solvent resistance and hardness. Rapidly growing electrical & electronics industry will fuel novolac demand during the forecast period. Resol resins demand shall grow with a significant CAGR in near future. This can be attributed to the massively growing construction industry in emerging economies such as India, Brazil, South Africa, Saudi Arabia, etc.

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Phenolic resin market application segment includes wood adhesives, molding, insulation, laminates, paper impregnation, coatings and others. The use of phenolic resins in wood adhesives exhibits exceptional water resistance, moisture resistance and weather resistance which makes it desirable in construction business. Molding was another major application segment in phenolic resins market in 2018 and shall grow with a healthy CAGR in near future. Molding components are utilized in various end-user industries such as automotive commutator, electrical & electronics and household applications. Moreover, molding components find application in manufacturing, kitchen ware and electrical equipment. These increased applications are likely to fuel the molding components demand in coming years, eventually augmenting phenolic resin market size from 2019 to 2025.

Asia pacific is likely to be the largest and fastest growing region in the phenolic resins market over the forecast timespan. This can be attributed to the high growth rate in end-use industries such as automotive, consumer goods, aerospace and construction. Asia Pacific was the largest producer of automotive with more than 60% of global automotive production in the region in 2018. According to the OICA, China’s automotive production from 9,299,180 units in 2008 and grew to 27,809,196 in 2018. China alone was responsible for over 30% of global automotive production. This growing automotive production in the region is likely to help the phenolic resins market size to grow further in coming years.

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Many multinational giants and regional players are operating in the phenolic resins. Many multinational companies in the market are shifting their production bases to the Asia Pacific owing to the low labor cost and availability of the raw material. Major players operating in the phenolic resins market share includes BASF SE; Owens Corning; Arclin Inc.; Ashland Inc.; DIC Corporation; Olympic Panel Products; Hexcel Corp.; Arizona Chemical Company; Kolon Industries Inc.; Georgia Pacific Chemicals; Sumitomo Bakelite Co. Ltd.; Momentive Specialty Chemicals; Hitachi Chemical, SI Group Inc. and Shandong Laiwu Runda New Material Co., Ltd.

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Major Key Players of Automotive Adhesives Market & Industry share 2019–2025

North America led by Canada, Mexico and the U.S. automotive adhesives market is anticipated to boost due to rising passenger cars sales. Total passenger car sales in 2018 for North America was 7.5 million units which may foster industry size.  Presence of major car manufacturer like Ford, Chrysler, General Motor and Tesla focussing on fuel efficient vehicles along with increasing product usage in passenger car assembling owing to its lightweight characteristics will drive regional industry growth.

Europe driven by UK, Spain, Italy, France and Germany automotive adhesives market share is anticipated to boost owing to its noise reduction and structural stabilizing properties.  Luxury car manufacturers use these products in cockpit, clips/retainers, emblems and headlamps for increasing stability and provide aesthetic finish to automobile. These factors may propel product demand by 2025.

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Automotive Adhesives Market size is anticipated to grow owing to its wide usage in vehicle parts binding for high strength and mechanical stability. Composite materials are utilized in automotive vehicles in order to decrease weight and increase fuel efficiency. These products have usage in binding and composite components sealing application. It is also used as a potential alternative to welding owing to low presence of metallic components in low weight passenger vehicles. Global passenger car market is projected to surpass USD 1.5 trillion by 2023 which may foster automotive adhesives market growth.

Electric vehicle market sales are projected to surpass 10.5 million units by 2025 which may boost automotive adhesives market size. Increasing demand for electric vehicles owing to rapid decline in hydrocarbon reserves and rising carbon dioxide emissions will favour industry growth. These adhesives are used in sealing car accessories which for binding car consoles, dashboards, speedometers and electric components, thus driving product demand.

Adhesives are employed at assembly line in linking car parts including x crankshaft linking to engines. It is also applied in x non-load bearing body parts linking like battery holders & tin shades. Interior applications include tray systems, safety systems and seating systems. These adhesives can be applied with high speed on production line which results in savings and cost reduction thus, driving automotive adhesives market.

Stringent government regulations by European Union pertaining to motor vehicle safety have shifted manufacturer focus towards developing safe passenger vehicles structure. These adhesives provide high robustness and structural stability owing to its stiffness and durability which ultimately results in better handling and safety, thus propelling industry growth.

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These products are used in collision repair by repairing patches and voids caused due to accidents comparatively at lower cost. Global automotive aftermarket is likely to surpass USD 480 billion by 2025 which may drive automotive adhesives market growth. Improving living standards and marketing campaign by car manufacturers has increased vehicle sales in China, India, Italy and Germany which may increases automotive adhesives demand.

High solvent adhesive products can damage air quality and contaminate ground water which may challenge industry profitability, thus affecting automotive adhesives market price trends However, Growing emphasis on low or solvent free adhesives in order to increase biodegradability and reduce pollution levels is likely to foster industry growth. Companies are developing new strategies to increase these adhesives durability and abrasion resistant properties which may drive the market size.

Asia Pacific led by India, Japan, South Korea and China market size may witness substantial gains due to wide usage in heavy-duty vehicles manufacturing which includes trucks, buses and tractors. Significant increase in air pollution levels has led to growing public transport adoption which may fuel buses and mid-size vehicles demand, thus, driving automotive adhesives demand.

Brazil automotive adhesives market size is likely to observe steady gains during forecasted timeframe. Rising agricultural activities has upsurge tractors demand which are used in skewing, harvesting and crops cultivation. Automotive adhesive provides higher body to weight ratio along with reducing overall vehicle mass which may propel regional product demand.

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Global automotive adhesives market share is moderately fragmented with major players includes 3M Company, Henkel & Co. KGaA, The DOW Chemical Company, Bostik S.A., Sika AG, H.B. Fuller, Illinois Tool Works Corporation, PPG Industries, Jowat AG, and Solvay S.A. The automobile manufacturers are more focussed on expansion in India, China and Japan due to growing product demand which may stimulate the market size.

Key manufacturers are also focusing on capacity expansion and product innovation to cater rising demand. In February 2016, Henkel Anand, which is a joint venture between Anand Group and Germany based giant Henkel is planning to expand its production capacity of adhesives & sealants plant in India. The new manufacturing unit will be operational by 2018 which will cater automotive business unit.

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Biocomposites Market growth drivers in 2019 & Challenges by 2025

Biocomposites market segment by fiber type covers wood fiber composites and non-wood fiber composites. Non-wood or natural fibers are more popular in the industry due to their superior physical and mechanical properties. These are fairly long fibers, and possess high cellulose content, which delivers a significant degree of cellulose crystallinity and enhanced tensile strength. On the other hand, wood fiber composites have more than 60% of its mass as wood elements, and are moisture and mildew resistant. This enhances its shelf life and facilitates its application in the building & construction sector.

Based on product, biocomposites are classified into green composites and hybrid composites. Green composites possess sustainable and degradable properties and they can be easily disposed without harming the environment. Demand for these materials is high in developed regions such as North America and Europe. On the other hand, hybrid composites are composed of different types of fibers into a single matrix and the durability of the product depends on the individual fiber strength.

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Global Biocomposites Market size is mainly driven by increasing demand from automotive industry, where the product is employed to reduce the weight of vehicles without compromising on performance, quality and safety. Biocomposites can also be used in combination with standard materials, such as carbon and glass fibers, which results in a higher tensile strength and stiffness. This improves the product performance and minimizes the environmental impacts. In addition, rising awareness among consumers regarding eco-friendly materials and government resolutions to substitute plastics with environmentally favorable materials are major trends responsible for biocomposites market growth.

A biocomposite is a material composed of a biopolymer matrix and natural fiber reinforcements. The matrix phase constitutes of polymers that are derived from bio-based resources and it protects the fibers from mechanical damage and environmental degradation.

Furthermore, one of the principal components of this product is biofiber, that is derived from flax, cotton, corn, wastepaper, hemp, recycled wood, etc. Biocomposites are widely acceptable in a number of industrial applications such as aerospace, automobiles, construction, railway coach, military & defense, electronics and packaging owing to superior properties such as recyclability, renewability and biodegradability.

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The end-use areas of biocomposites include transportation, building & construction, consumer goods, electrical and electronics, and other sectors such as aerospace, marine etc. Biocomposite products are employed in automobiles for fabricating nonstructural components such as interior panels. Biocomposites also have extended applicability in outdoor constructions such as decking and railings which will boost the product demand in near future.

North America region will witness significant growth rate owing to growing demand for technologically advanced consumer electronics and automobile production in the U.S. The regional government have undertaken several initiatives related to infrastructural projects across residential, non-residential and commercial sectors, which is expected to propel the demand for biocomposites in near future.

Europe is another substantial market in the global biocomposite market. The European Union’s ban on non-recyclable plastics is expected to drive the market in the region, whereas technological advancements and availability of raw material in the region is projected to benefit this market.

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Global biocomposite market is moderately competitive owing to the presence of various industry players at global as well as local levels. There is a high initial fixed cost to setup manufacturing facility, and companies are vying to achieve economy of scale. Several key players in this industry are FlexForm Technologies, Fiberon, Tecnaro, UPM, Meshlin Composites, Trex Company, Universal Forest Products, MCG BioComposites, Jelu-Werk J. Ehrler GmbH, Alpas SRL etc.

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Ceramic Ink Market 2019 to 2025, key industry players & growth trends

On the basis of application, the ceramic ink market is segregated into ceramic tiles & marbles, glass printing, food container printing and others. Among these, ceramic tiles & marbles segment held the majority share of ceramic ink market in 2018 and will show the substantial growth over the forecast period. This can be attributed to the upsurge in usage of decorative ceramic marbles in several residential and commercial building & infrastructures.

Based on region, ceramic ink market is bifurcated into North America, Asia Pacific, Latin America, Europe and Middle East & Africa. Among these regions, Asia Pacific held the substantial share in 2018 and shows the positive growth rate in coming years. This is all due to the growth in construction & infrastructure activities coupled with positive demand for ceramic marbles & tiles from developing nations.

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Ceramic Ink Market is growing due to the significant growth in the construction industry in BRICS nations. BRICS has contributed to over 50% of the global economic growth and the economic aggregate of these countries accounts close to 23% of the world. Focus on building & infrastructure projects in the BRICS countries, particularly China and India, has made a huge impact to boost the global growth engine .BRICS has the two most populated countries of the world in China and India. Close to 36% of the global population is concentrated in these countries which generates demand for infrastructure, residential and commercial buildings.

The global population is anticipated to increase by more than 1 billion in coming 13 years and reach up to 9.8 billion in 2050. This spurt in growth will be accompanied by growing urbanization across the world. The above mentioned factors indicate that the need for buildings and infrastructure in BRICS nations will surge in future. This in turn will subsequently increase the ceramic ink demand as the product is majorly applied in ceramic marbles, tiles, etc and these products are further used in the construction sector. High cost associated with the technology used for the printing on ceramics will act as a restraining factor for global ceramic ink market growth in future.

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Development in building and construction sector in various countries of Middle East is one of the major driving factors for ceramic industry. Rapid population growth has increased the demand of basic infrastructure needs such as roads, electricity and residential buildings. Various Middle Eastern countries are formulating policies to attract FDI inflow in the construction sector to provide world class infrastructure amenities to their citizens. Due to this, the demand for ceramic marbles & tiles will increase in coming years and this will positively influence the overall ceramic ink market size by 2025.

The Middle East construction market is exhibiting a reassuring paradigm shift. The local governments are supporting many construction projects and are trying to attract FDI in this sector. GCC countries have formulated long term development strategies for the building & construction sector and have shifted their focus more on tourism, social infrastructure and transportation. This will eventually lead to more opportunities in Middle East construction market.

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Ceramic Ink market is widely classified into, product type, printing technology, application and geography. The ceramic ink product type segment is further divided into two major products which include functional inks and decorative inks. Among these, decorative ceramic ink will exhibit positive growth by 2025 due to its extensive usage in decorative marbles & tiles and its also improves the aesthetic appeal of decorative glass, ceramic marble, tiles, etc. The printing technology segment in ceramic ink is bifurcated into digital printing and analog printing. Among these, digital printing technique will dominate the entire segment and grow at a significant CAGR between 2019 and 2025.

Some of the major players in the ceramic ink market are Vaanix Industries, Six Stars Ceramic Ink, Sun Chemical, Fritta, Zschimmer & Schwarz, Kao Chimigraf, Tecglass, Colorbbia, Torrecid Group, Unico Digital, Xennia Technology, Chemische Fabriken, Ferro Corporation and others.

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Ethyl Polysilicate Market Company profiles & Regional trends 2019–2025

Germany ethyl polysilicate market from adhesive agent application is likely to witness strong gains of 3.5% by 2025. The product is used in metal and chemical industry due to its high adhesive power which helps to bind metal containers, storage bags for chemicals and pharmaceutical industry. These factors may stimulate product demand by foreseeable timeframe.

China ethyl polysilicate market share from pharmaceutical industry is projected to exceed USD 5 million by 2025. It is utilized in medical products packaging including medicines and injections. It binds medicinal product with an airtight covering around it which maintains sterilized environment and shield drugs from getting contaminated by pathogens & bacteria which may promote market growth in the estimated timeline.

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Ethyl Polysilicate Market size is set to surpass USD 670 million by 2025; according to a new research report by Global Market Insights, Inc. Growing application potential in paints due to its high adhesive power and cross-linking properties will have positive impact on ethyl polysilicate market growth. These characteristics proves advantageous for wall surfaces to remain intact with paint thus providing stability along with  moisture resistance which is likely to boost industry size by 2025.

Government initiatives including new healthcare schemes and education for all has generated demand for building of new public infrastructure including schools and hospitals which will drive industry growth. The product is utilized in concrete & cement processing due to its property of air pores removal and vapors from concrete blocks which is likely to fuel ethyl polysilicate industry size in estimated timeframe.

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Ethyl polysilicate market share from synthesis of silica is likely to grow over 3.5% by 2025. The product is widely used in end-use industries including oil & gas and metallurgy as an adhesive, binder and sealant which helps in protecting oil wells, refineries and metallic surfaces from water contaminants. These chemicals shield wells from getting hydrolyzed, thus maintaining crude oil quality and yield, thereby propelling industry growth.

Ethyl polysilicate 32 market size is predicted to exceed USD 115 million by 2025. This product is composed of 32% of silica content by weight and has its utilization as a cross-linking agent. It is widely utilized in cold areas due to its quick drying property which binds two surfaces along with enhancing shear strength and bodyweight ratio which may foster the market in projected timeframe.

It is a flammable & toxic product, direct exposure to it can cause medical inflammations including ailment associated with eye, central nervous system, respiration, liver and kidney. Workers involved in manufacturing of this product for longer duration may suffer from chronic uncurable diseases which may affect the market share by 2025.

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Global ethyl polysilicate market share is competitive and slightly fragmented with key industry players including Tritech Catalyst and Intermediate Pvt. Ltd., Evonik, Wacker, COLCOAT, YAJIE Chemical and Hopeful silane. Increasing demand has encouraged manufacturers to invest in R&D initiatives to develop novel products. Companies are spending on developing new technologies along with improving existing products which may fuel the industry share.

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Ceramic Paper Market Company profiles & share 2019–2025

Favorable trends associated with automotive industry is set to drive the ceramic paper market as they are used for muffler insulation, heat shielding, exhaust and other components. Due to rising global population and higher income levels, demand for automobiles will increase in future. Increasing research and development activities will further assist upward growth trends in automotive industry. Such trends will propel the market within the forecast time span.

Ceramic paper is used for ware separators, glass tank refractory backups and metal clad brisk gaskets in glass and ceramics industry. In building and construction, the product is widely used for thermal as well as acoustic insulation, driven by its resistance to tearing, shocks, and low thermal conductivity and thermal mass. Rising demand for smart buildings will bolster the ceramic paper demand over the coming years.

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The Global Ceramic Paper Market will witness favorable growth trends within the forecast period owing to rising insulation applications. Ceramic paper mainly contains alumino-silicate fiber and is manufactured by specialized paper making processes. It is mainly used for thermal insulation, refractory backup, molten metal splash and spark protection, pipe wrapping, metal casing, high temperature electrical insulation and filtration, hot gas filtration media, high-temperature gasket for furnace, kiln, oven, stove, boiler and appliances, etc.

The market will be driven by rising demand from aerospace industry for effective thermal insulation of aircrafts. Ceramic paper is used in aircraft appliance insulation, oxygen generators, igniter line production, gaskets, fuselage, heat shields, noise cone ablative shields, etc. It has low weight, high strength and excellent fire-resistant characteristics, thus making it a popular choice among aircraft manufacturers.

Rising demand for air travel and huge aircraft order backlogs are going to upscale the manufacturing of aircrafts in future. Additionally, technological advancements to make aircrafts lighter, safer and efficient will drive the aerospace industry thereby bolstering the market during the forecast time span.

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Ceramic paper is widely used in petrochemical industry for the pipe insulation, protection of transfer lines, and brazing, welding, etc. They improve the efficiency of various processes while reducing overall energy consumption. This will subsequently help in savings energy, carbon footprint as well as operating costs. The demand for petrochemicals will increase due to wide range of applications in plastics, fertilizers, packaging, digital devices, medical equipment, detergent, clothing and others. Huge capital investments, supportive government policies and increasing demand from end-user industries will fuel the growth of petrochemical industry, which will subsequently catapult the demand of ceramic paper in future.

Ceramic paper is gaining popularity over conventional materials used in insulation applications as they offer various benefits such as high temperature and fire resistance, low thermal conductivity, high temperature stability, thermal shock resistance, good corrosion resistance, ease of fabrication, good flame resistance, etc., and it will facilitate the market growth in upcoming years. However, the market may be hampered by high production costs involved in manufacturing of ceramic paper.

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Asia Pacific region is estimated to grow at significant rate due to rapid urbanization and industrialization trends. Rising automobile production in China and India will attract the demand for ceramic paper as it simplifies the fabrication process during automobile production and reduces the overall manufacturing costs. According to European Automobile Manufacturers Association (ACEA), China led the global passenger car production and accounted for 29% of total production in 2017.

Europe accounted for approximately 20% of global automobile production and it will grow at considerable rate owing to supportive government policies. North America and Europe will witness steady growth due to flourishing aerospace industry. The U.S., France, United Kingdom and Germany are the leading countries accounting for more than 50% of global aerospace industry and they will continue to dominate sector in future. This in turn will spur the global ceramic paper market within the forecast period.

Some of the key market players of ceramic paper market are Unifrax LLC, Morgan Thermal Ceramics, Rath Incorporated, Nutec Inc., Isolite Insulating products Co., Ltd., Yeso Insulating Products, Ltd., Vitcas Ltd., Shadong Luyang Share Co., Ltd., Shree Ceramic Fibers Pvt. Ltd., Galaxy Enterprise, Imperial World Trade, Millenium Multi Trade Pvt. Ltd., and others.

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Major Key Players of Polyphenylene Ether Alloy Market & Industry share 2019–2025

Application segments of polyphenylene ether alloy market include automotive, electrical & electronics, industrial, medical, construction, water management, etc. The application spectrum of PPE includes complex interior & exterior components such as a speaker, spoilers, radio components, instrument panel retainers, HVAC housing assembly, and interior enclosures are made from polyphenylene ether alloy.

The insulating properties of polyphenylene ether alloys are extensively utilized for manufacturing a variety of electrical and electronic components. It includes, connectors, LCD & LED displays, air conditioner parts, smoke detector covers, computer body parts & casings; pool & spa pump; solar/photovoltaic parts & housings; wall plate/switch & junction and electrical conduits.

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Polyphenylene Ether Alloy (PPE) Market is positively influenced by rising demand for structurally strong, heat & chemical resistant materials across automotive, electrical, and electronics industry. It is a class of polymers which contain phenolic monomers attached via an ether linkage. It is obtained by oxidative polycondensation of 2,6-dimethylphenol in the presence of a copper-amine-complex catalyst. Oxidative degradation reactions are observed and were difficult to evade during the melt processing stage. Hence, polyphenylene ether is combined with different polymers, resulting in polyphenylene ether alloy.

A variety of homopolymers and copolymers are obtained by changing the monomer types used in the polymerization process. Polyphenylene ether is widely combined with polystyrene (PS) and its other variant High Strength Polystyrene (HIPS). Other polymers combined with polyphenylene ether are polyamide, nylon, and polypropylene. The resulting product segments are polyphenylene ether alloys; PPE/PS, PPE/Polyamide, PPE/Polypropylene, and others.

The other product segment includes PPE/HIPS and PPE/Nylon. PPE/PS is projected to grow sharply over the forecast period, owing to its wide preference for automotive component manufacturing. They exhibit properties such as high heat resistance, low moisture absorption, dimensional stability, excellent hydrolysis resistance, and high mechanical strength. They also displays flame retardant properties.

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Automotive market is changing with the advent of self-driving and electric vehicles (EV). Currently, EV and solar panels demand is highest in Europe with the number of sales increasing annually. According to the European Environmental Agency, sales of electric vehicles in Europe increased by 51% in 2017, as compares to 2016 sales. The sales in 2017 were the highest increase since 2008.

On the other hand, fuel-based automotive makers are stressing on making more energy efficient cars and reduce fuel wastage. Polyphenylene ether alloy such as PPE/PS and PPE/PA have a wider scope as material for both electrical and structural components of these industries.

North America, Asia-Pacific, Europe, and Latin America will be the demand driving regions for polyphenylene ether alloys market. Asia Pacific will be the prime demand driving market for polyphenylene ether alloy. The growing automobile, solar, water management sectors and rising electrification in emerging economies such as India, Vietnam, Cambodia etc. will be the prime factors for growing polyphenylene ether alloy demand. Large volume of polyphenylene ether alloys have demand in developing countries of Latin America and Asia Pacific.

Electrical and electronic products manufacturing is also growing more complex in China. Additionally, India with its policy programs such as ‘Make In India’ is also following similar trends. Latin American countries such as Argentina, Brazil, Peru, and Colombia are creating their space as premium automotive original equipment manufacturers (OEMs). As a result of these developments, the polyphenylene ether alloys market is likely to foresee healthy growth in coming projected time.

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The companies operating in polyphenylene ether alloy (PPE) business are LyondellBasell, SABIC, LG Chem, Nylene, Mitsubishi Engineering-Plastics Corp, Nytef Plastics, Ltd., PolyOne Corporation, ROMIRA GmbH, Shuman Plastics, Inc., Ashley Polymers, Asahi Kasei Plastics, Polygram Plastic Industries LTD, Lubrizol Advanced Materials, Inc., Korea Kumho Petrochemical Co., Ltd and Samyang Corporation.

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Structural Foam Market Company profiles & share 2019–2025

The structural foam market has been segregated based on material, application, and region. Various materials used for manufacturing structural foams are polypropylene (PP), polyurethane (PU), polystyrene (PS), polyethylene (PE), and others which include polyvinyl chloride (PVC), acrylonitrile-butadiene-styrene (ABS), etc. PE occupies a significant share in the structural foam market due to its unique thermal and mechanical properties. PP foams are increasingly used in various applications due to its light weight and versatility.

Construction, automotive, packaging, and electronics are some of the end-users of this product. Automotive sector is a significant end-user in the structural foam market as it uses the product for various applications including acoustic insulation, vehicle interiors, etc. Increasing demand for light weight vehicles to improve fuel efficiency would also augment the demand for structural foams in the coming years. The electronics segment is expected to increase at a significant rate due to its usage as substrates in various end-products.

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The Structural Foam Market portrays an upward trend in its growth trajectory owing to its rising demand from various industries. Structural foam is a thermoplastic constituent which is manufactured by injection molding process. Asia Pacific is expected to account for about 60% of the total global construction spending by 2025. Increasing growth in this regional construction market would augment the demand for structural foam.

The product finds extensive usage in building and construction as it is capable to reinforce structural load and provides insulation. It is used for thermal floor reinforcement, tank vessel isolation protection, canopy support, perimeter fall protection, etc. Also, the product is increasingly used as a substitute for wood, owing to its robust strength and thermal resistant features. Increasing construction projects, especially in the emerging markets, would augment the market growth in the coming years.

Structural forms are significantly used in the automotive industry as well. It enhances the vehicle design, improves its safety, provides structural strength and comfort. It is majorly used in applications where cavity sealing is required. Structural foams are used in various parts of the vehicle such as body side joints, lateral rails, door panels, longitudinal structures, engine cradle, pillars, sills, underbody car structure, frame rails, etc.

It offers increased complexity of part design due to its features such as exceptional flowability and improved compression-set properties. The global production of vehicles has increase from 84.2 million units in 2012 to 95.6 million units in 2018. Such rising trend in the automotive production would propel the product demand for in the coming years.

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Even though the demand for structural foams has been rising significantly in the recent years, fluctuating price of its raw materials could negatively affect the market growth during the study period. Some of the raw materials used for producing structural foams are polypropylene, polyethylene, polyurethane etc. are naphtha derivatives. Fluctuating price of naphtha would directly affect the prices of these raw materials. Hence, this could deter the market growth in the coming years.

Asia Pacific market is estimated to grow at a significant rate in the coming years. This progress is attributed towards the rising developments in the regional construction industry. Rising urbanization, growing population and government regulations promoting smart city development are certain factors which would drive the construction industry. Moreover, improving living standards of the consumers in the developing nations such as China, India, and Japan would likely escalate the demand for electronic products. Escalating demand for light weight vehicles is another factor which could drive the growth in this industry, especially in the developed nations like US, Canada, Germany and others.

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Some of the key market participants of structural foam market, which include SABIC, Armacell International S.A., The Dow Chemical Company, Evonik Industries, One Plastic Group, PSI Molded Plastics, Diab International AB and Polycel Structural Foam, Inc.

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

The global transparent ceramics market is led by North America, driven by the U.S. defense and optoelectronics sectors. The region will hold a share of around 45% in 2025 due to the research activities and product developments going on in the region.  The U.S. marks the highest military expenditure in the world, and application of such advanced materials in developing modern warfare weapons will drive the regional market over the coming years.

Transparent Ceramics Market size will likely surpass USD 1 billion by 2025; according to a new research report by Global Market Insights, Inc. The superior properties of transparent ceramics have led to substitution of glass in various high-end applications. The product is four times harder and stronger than the conventional glass.

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As a result, these materials are scratch proof and have a longer life, which make them appropriate for high wear conditions. These ceramics exhibit thermal resistance and can withstand high temperature up to 1,600°C, whereas the melting point of traditional glass is close to 500°C. Hence, transparent ceramics are appropriate to be used in blasting cubicles, dental kiln, transparent ballistic vehicle protection, etc.

The products also exhibit good corrosion resistance, making it suitable to be used in different chemical processes. Polycrystalline transparent ceramics can be mold freely, and they are useful for achieving complex shaped products. Hence, its enables to miniaturize optical lenses with better efficiency in comparison to glass. Increasing product development activities by market participants would help to further improve the product qualities and would augment the transparent ceramics market growth in the coming years.

These advanced materials are developed on the basis of requirement, thus leading to an increased product pricing. High prices, lack of technological knowhow, limited current industrial acceptance, and recycling challenges associated with the product may hinder the transparent ceramics market growth over the coming years.

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Magnesium aluminate spinel or Mg-spinel is a significant product category which would likely grow at an annual growth rate of more than 23% in the coming years. This is a polycrystalline ceramic which is ideally used for production of high-performance optical components. Mg-spinel is produced by sintering process at high temperature and is available at a price lower than other products, thus promoting the transparent ceramics market demand.

Optoelectronic application segment will reach a market share of approximately 30% in 2025 owing to high usage of transparent in production of LED lighting, optical lenses, laser systems, optical insulators, amplifiers, transmitters, etc. High optical transparency, thermal resistance and strength are some the its features which makes it a better choice for all these optoelectronic devices. The rising trend in the global electronics industry would in turn boost the product sales in the coming years.

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Some of the product manufacturers in the transparent ceramics market are Rubicon Technology, Inc., CeramTech, Surmet Corporation, Coorstek Corporation, Konoshima Chemical, Kyocera, CeraNova Corporation, Crystalwise Technology, Rayotek Scientific, Almatis, Hansol Technics, etc. The players are heavily investing in R&D activities to enhance the quality of transparent ceramics and meet the changing requirements of the end-user industries.

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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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Refractories Market report for 2025 – Companies, applications, products and more

Based on manufacturing process, refractories market is segmented into dry press process, fused cast, hand molded, formed, unformed. The dry press process segment was worth USD 7.5 Billion in 2018. This process is usually suitable for formation of simple solid shapes. They are generally suited for clays with very low plasticity. As dry press process is simple and requires low capital equipment costs, they are widely used for high volume forming process for ceramics.

Based on end-user, refractories market is segmented into iron & steel, non-metallic materials, non-ferrous metals and others. The non-ferrous metals segment was worth USD 2.8 Billion in 2018. Middle East & Africa is estimated to grow at 3.6% by 2025. Growing political stability along with massive infrastructure spending in the Middle East & Africa will play a constructive role for the growth of steel industry. This will have a positive impact on the overall refractories market.

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Refractories Market is poised to surpass USD 41 billion by 2025; according to a new research report by Global Market Insights, Inc. Refractories are materials which are composed from thermally stable minerals and a binder phase. They are heterogenous and porous in nature and can withstand extreme temperature in excess of 1,5000C, without undergoing any structural changes while maintaining contact with molten slag and metals.

Refractories are extensively used for industrial processes, where they perform various functions such as a barrier for molten slag and the containing medium. They provide physical protection and reduce erosion of surface by keeping the medium circulated. They prevent chemical corrosion and ensure heat retention.

Steel demand in China, which accounts for around 45% of global steel demand, showed significant growth in 2016. In the ASEAN (Association of Southeast Asian Nations) region, steel demand during 2017 recorded slight growth in steel production. Thailand and Vietnam accounts for about 54% of steel demand in ASEAN. Growth in infrastructure sector is likely to rise in Indonesia, the Philippines and Vietnam due to state funded infrastructure projects. With growing infrastructure industry, the demand for refractories will also grow due to their indispensable usage in iron & steel furnace.

Emission of particulate matter and volatile organic compounds have detrimental effect on health. This will slow down the growth for refractories market size for the projected time period. However, product recovery cyclone followed by wet scrubbers can effectively limit the emission of particulate matter in the environment. Along with this use of fabric filter and baghouses to control VOCs emission will boost the refractories market for refractories.

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Monolithic refractories market is expected to witness gain of 3.9% by 2025. Monolithic are generally called unformed refractories which includes mortars, gunning mixes, castable (refractory concrete), ramming mixes, and plastics. These products are cured in place to form a monolithic, internal structure after application. They are generally used in cement, glass and ceramic industries.

Based on composition, refractories market is segmented into clay-based and nonclay-based. The market size for nonclay-based refractories was over USD 14 billion in 2018. Nonclay based refractories are starting material which includes carbonates or oxides of metals such as zirconium, aluminum and magnesium. They are mostly produced as brick and pressed shapes, though some magnesite-chrome and alumina materials are fuse-cast into molds.

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Based on type, refractories market is segmented into acidic, basic, and neutral. The basic segment for refractories is anticipated to gain more than 3.5% by 2025. Basic refractories are harmed by acidic slags, but are stable to dusts, fumes, and alkaline slags at an elevated temperature. They are stable with alkaline slags and thus are preferred for furnace linings in alkaline environment.

Some of the key players in refractories market are RHI Magnesita, Krosaki Harima Corporation, Vesuvius PLC, Shinagawa refractories Co., Ltd., Saint-Gobain, Morgan Advanced Materials, CoorsTek Inc., HarbisonWalker International, Imerys, etc.

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:

Contact Person: Arun Hegde
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Global Market Insights, Inc.
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