Chemicals and Advanced Materials Archives

August 23, 2018August 23, 2018

Graphene Market By Product (Graphene Oxide, Graphene Nanoplatelets, Mono-layer & Bi-layer Graphene) 2018-2024

As per estimates, Asia Pacific graphene market recorded a valuation of USD 3.9 million in 2016. With the extensive presence of graphene companies, electronics companies, graphite mines, and even renowned automakers, APAC graphene industry is anticipated to register a CAGR of more than 34% over 2017-2024. Also, the extensive R&D activities being conducted across Japan, South Korea, India, and China, in addition to the presence of huge graphite mines in China, will serve to increase the scope of APAC graphene market.

Graphene market earns the tag of being one of the most dynamic and fastest-growing markets of all times, contingent on the fact that graphene is one of the most remarkable and widely-used materials ever discovered. Graphene is already being used in numerous end-use sectors, and is currently being experimented with, to detect the various other energy-related applications it can be deployed for. Research & development activities play a crucial role in the development of graphene industry, with scientists and academicians striving to discover novel methods of incorporating graphene in various methodologies. As per statistics, the number of research publications on graphene has increased to over 9000 in 2013 from over 125 in 2005.

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Speaking along the same lines, a recent news snippet reveals a significant milestone that may revolutionize the graphene market. The Fraunhofer Institute of Electron Beam & Plasma Technology (FEP), based in Dresden, along with the British Aixtron Ltd. and Spanish company Graphenea S.A., has achieved a remarkable success by developing OLED electrodes from graphene, which can be used in a range of applications, from medicine to photovoltaics. Sponsored partly by the EU Commission, which contributed around EUR 12.4 million to the project, these products are likely to be commercialized within a couple of years. These graphene electrodes will be designed to be highly tough and flexible, and will be used in polarization filters, touch screens, transmission regulator in windows, medicines, and high-tech textiles. Graphene is also likely to assure a successful future for light-powered wireless connectivity.

Graphene industry held a valuation of USD 20 million in 2016, subject to the product applications across the aerospace & defense, electronics, automotive, energy, and healthcare sectors. Over the years, the substance has found utilization in wireless connectivity, solar cells, OLED electrode production, etc., thereby helping graphene market share to increase at a phenomenal rate, with an estimated target valuation of USD 200 million by 2024.

Speaking of coatings, renowned UK-based firm, Applied Graphene Materials has entered into a partnership with HMG Paints to commercialize graphene-based coatings for numerous industries. It is expected that the two firms, post the testing phase, will launch their products in the real world, across commercial vehicles and commercial equipment, which will eventually widen the application scope of graphene industry. Some of the other renowned names in this fraternity include Graphenea S.A., Grafoid Inc., XG Sciences, Inc., Graphene Frontiers LLC, ACS Materials LLC, Advanced Graphene Products, Haydale Limited, Applied Nanotech, Inc., Angstron Materials, Inc., Nanjing XFNANO Materials Tech Co., Ltd, Thomas Swan & Co., Graphene Laboratories, Inc., and AMO Gmbh.

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Scientists have long since awaited the use of an able material that can effectively replace silicon. With the advent of graphene, it would seem as though their efforts have paid off. Though the fact that single-crystal graphene is just a few centimeters in size may restrict the growth of graphene market, the fact that researchers have been attempting to produce a larger version of single-crystal products will act as a favorable growth driver for graphene industry.

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August 22, 2018

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

The Asia Pacific turf substantially stands as one of the most opportunistic growth grounds of Construction Composites Market. China and India, two of the most advancing nations of APAC belt, are claimed to be the most prominent revenue avenues of the regional market. This can be possibly attributed to the extensive governmental investments across these regions to improve public infrastructure. For example the Indian Government has invested almost USD 2.4 billion in Navi Mumbai International Airport Project in 2015, which is expected to be completed by 2019.

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Owing to some of its exceptional properties like high strength and light weight, construction glass fiber has become the go-to product for various electrical and thermal insulation purposes across industrial, commercial, and residential sectors. Add to it, considering the immense growth prospect of fiberglass based construction composites market, renowned construction players are also pouring hefty amount in its large scale production. CNBM (China National Building Material) Company, say for instance, in conjunction with the IDRO Group (Industrial Development and Renovation Organization of Iran) has signed a deal of USD 74 million to establish a massive fiberglass and composite manufacturing unit in Marand, which claims to hold a capacity of nearly 30 kilo tons. It therefore goes without saying that fiberglass will procure a major portion of construction composites market share over the ensuing years.

According to reliable estimates, India is slated to peg third position in global construction industry by 2025 with a forecast valuation of USD 1 trillion, which by extension also ensure its stance in construction composite market in the years ahead. The mammoth valuation indeed can be credited to the flurry of projects with regards to road & building construction, railways, urban infrastructure, and the like. China’s construction sector is also expanding at a remarkable pace. With China and India at the growth front, Asia Pacific construction domain is likely to procure 60% of the global infrastructure spending by 2025, claim reports. Undoubtedly, this growth demands the requirement of advanced reinforced materials, which would eventually propel APAC construction composites industry.

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However, with the recent spike in raw materials and production process price trends, the business space is likely to experience a sluggish growth. Another trend that is somewhat considered as a stumbling block in industry expansion is the strong regulatory framework with regards to reinforced materials utilization. In a bid to overcome this challenge, construction composites market giants have been readily engaging themselves in developing products that are completely in compliance with the regulatory standards. Aided by the unprecedented investments in infrastructural projects across the world, construction composites industry is poised to record a massive valuation of USD 65 billion by 2025.

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August 21, 2018

Rapid Growth Expected in Aseptic Packaging Market New Report

The term ‘aseptic’ can be translated to mean the exclusion of any unwanted organisms from a typical food or pharmaceutical product. The aseptic process of packaging uses flash pasteurization and sterile packing of the product ensuring its lasting freshness and shelf stability. Aseptic packages are treated to withstand 127°C and 100°C for high and low acid products respectively, making them perfect containers for dairy and pharmaceutical products, inherently impelling aseptic packaging market.

The product landscape of aseptic packaging market comprises cartons, bottles, vials, ampoules and pre-filled syringes. Bottles and cartons among these, are particularly deployed in the packaged food industry, the biggest end-user of the aseptic packaging market, which is appraised to witness 8% CAGR over 2017-2024. Emerging economies as well as developed nations are likely to contribute toward the growth of the packaged food domain, given the soaring demand for pre-packaged and ready-to-eat food worldwide. In consequence, aseptic packaging industry share from cartons has been forecast to attain the biggest share by 2024, with a CAGR anticipation of 9% over the forthcoming seven years.

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Aseptic packaging market, in recent years, has come to thrive as a rather profitable business space, owing to the increasing demands for processed and packaged food and disposable healthcare instruments like vials and prefilled syringes. With hectic work schedules and changing lifestyles around the globe, packaged food is steadily replacing home-cooked meals, a trend that has given a boost to the packaged food and beverages industry, indirectly propelling aseptic packaging market share. It is also prudent to mention that dual income households have led to consumers willing to pay more for healthier food packages, which would indeed provide a positive impetus to aseptic packaging industry size, estimated to register a 9.9% CAGR up to 2024.

This growth projection can primarily be attributed to increasingly widespread use of aseptic cartons for packing dairy products as well as high acid content beverages. It is prudent to mention that aseptic packaging keeps these products fresher and preserves their original taste without the requirement of added preservatives. The desirability of consuming something that is unadulterated by preservatives has a greater appeal and benefit for the consumers. Thus, aseptic packaging industry has been gaining prominence due to increasing public awareness regarding the consumption of aseptic packaged food as opposed to food packed in cheap plastic containers. Given that governments around the globe are also in favor of aseptic carton packs owing to their recyclable and eco-friendly nature, aseptic packaging market share has been gaining mass appeal lately.

Consumers have always depicted greater preference for novel and practical packaging designs as far as food & beverage products are concerned. Recently Tetra Pak, the aseptic packaging industry giant, launched the aseptic bottle called Tetra Evero. The biodegradable nature of this bottle combined with the aspects of new design, enhanced hygiene and food safety and increased longevity of food is likely to greatly attract customers to try out the product. The longer shelf life of the packaging is one of the key reasons why Tetra’s products fare better in Europe, since European homes and supermarkets have smaller refrigeration areas than their North American counterparts.

The aforementioned pointer may also be indicative of why aseptic packaging industry has greater prominence in Europe than in North America. Nonetheless, the notion of pre-packaged food is commonplace in North American and Europe since a while now. The advent of aseptic packaging, ensuring the longevity and shelf stability of the packaged food without the addition of preservatives, has made consumers incline further toward aseptic packaging in these continents.

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In fact, it has been estimated that the Tetra Evero will interest a large section of consumers in the hurricane prone areas of south east America, as hurricanes limit consumer access to refrigeration. In this regard, analysts claim that aseptic packaging market will continue to thrive in places that have limited access to refrigeration but high demand for packaged food.

Asia Pacific had been leading the aseptic packaging market in 2016, while its shares are expected to surpass USD 25 billion by 2024. Owing to rapid urbanization, advent of supermarkets and increasing proportion of the female workforce in countries like India and China, pre-packaged and ready-to-cook foods have gained mass popularity in APAC. The demand for foreign foods in local markets is also contributing to the growth of the aseptic packaging market in the region, state experts. Furthermore, the changing consumer preferences in countries like Indonesia and Australia will also help augment this business space across APAC.

Aseptic packaging market worth is estimated to be over USD 70 billion by 2024, driven by the huge demand from the food processing and packaging sectors. The demand for nutrient value retention, less per unit product cost, and uniform product quality have emerged as driving forces for aseptic packaging industry. Furthermore, these products facilitate easy dispensing and disposal and help combat the BPA (bisphenol A) controversy, which would substantially drive aseptic packaging market share over 2017-2024.

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May 18, 2018

Coated Glass Market trends research and projections for 2017- 2024

In order to achieve revenue benefits and capture more business space, most of the players in Coated Glass Market are focusing on increasing productivity by minimizing manufacturing time and improving product quality. In this regard, they are increasingly deploying automated systems for enhancing the glass fabrication process. Research and development activities are also rampant across this business space to bring forth a range of highly innovative products.

For instance, recently, the researchers of VanadiumCorp Resource Inc., have developed an innovative, energy saving smart glass comprising vanadium as a coating material that saves more energy by restricting IR radiations from the sun to enter into building and preventing loss of heat during the winter season. This vanadium coated glass offers numerous benefits such as anti-glare, energy saving, and self-cleaning capability.

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In the current scenario, well-known automakers have also been planning to deploy new technologies in vehicles in order to attract more customers. Recently, the Israeli start-up technology company, Gauzy has developed smart glass for displaying videos on car windows. It can play targeted localized information and will be used for smart messaging. Furthermore, the leading German automaker, Daimler AG has also collaborated with Gauzy for installing transparent displays on car windows.

This newly developed advanced smart glass will help automakers serve futuristic technology to their customers. The ongoing revolution brewing in the automotive sector with the growing acceptance of smart glasses is slated to stimulate coated glass industry share. As of now, in order to combat the challenges posed by global warming, many regional governments, mainly across the Asia-Pacific have been undertaking numerous initiatives to adopt sustainable technologies.

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For instance, the Singapore government has decided to increase energy efficiency with the deployment of smart-tinting windows across residential as well as commercial sectors. Currently, it is planning to install smart glass on nearly 12 buildings by 2021, as smart tinting windows can reduce at least 20% of the energy consumption of every building. The increasing popularity of tinting windows for minimizing the load on HVAC systems of buildings is poised to propel coated glass industry share over the years ahead.

The massive tech-based developments in industry are likely to have a significant impact on the overall industry trends. The increasing acceptance of energy efficient smart technologies and the unwavering commitment of regional governments toward carbon reduction, energy savings, and sustainability are also slated to commendably boost the product demand. If estimates are to be believed, coated glass market size, by the end of 2024, will surpass a valuation of USD 24.5 billion.

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May 14, 2018

Advanced Glass Market expects 10.5 billion square meters consumption by 2024

India Advanced Glass Market size from solar control glass applications is likely to register growth close to 5.5% during the projected timespan. These products permit sunlight to pass through them, but restricting the solar heat inside the building. Shift in consumer preference towards sustainable energy resources along with reduction in air-conditioning environment of offices and other commercial buildings to save energy will boost advanced glass market demand in the country.

With the increasing application scope for glass across the electronics, residential, automotive, and commercial sectors, advanced glass market giants have lately been fortunate enough to have access to a plethora of lucrative growth opportunities. They have in fact, been prominently developing a variety of high quality and innovative glass products in order to consolidate their presence in this business space. In addition, to further expand their reach, companies have been adopting growth strategies such as mergers and acquisitions. The recent acquisition of TGP by Allegion is an instance of the efforts undertaken by the leading players of advanced glass market.

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Elaborating further on the aforementioned deal, the leading security products and solutions supplier, Allegion, acquired the North American manufacturer of advanced fire frames, Technical Glass Products (TGP), to primarily extend its reach across North America. The deal has also helped Allegion gain access to TGP’s integrity and innovative ideology. Furthermore, it is imperative to mention that regional governmental bodies have also been playing a pivotal role in increasing advanced glass industry size. For instance, in order to curb carbon dioxide emissions, several regional governments have already deployed a stringent regulatory framework to promote the construction of energy-efficient buildings.

Since last few years, advanced glass market has witnessed the launch of a slew of very interesting and innovative products. The launch of Gorilla Glass is one of the remarkable examples that depicts the continuous research undertaken toward new product development. This product is a next generation, scratch resistance, tough, and highly flexible glass. In fact, currently, many of the electronics and smartphone manufacturers preferably choosing Gorilla glass for their devices. This product offers numerous benefits over other materials like plastic and metal. The increasing adoption of advanced versions of glass by consumer electronics manufacturers is indeed poised to boost advanced glass industry share over the years ahead.

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Speaking along similar lines, a few years ago, the Internet behemoth Google developed augmented reality (AR) based glasses, which garnered mass popularity no sooner than its release. Currently, the large-scale deployment of AR in everyday activities has also considerably transformed advanced glass market outlook. The American audio equipment manufacturer, Bose Incorporation has recently unveiled its plan to develop AR based glasses as well, and has launched its prototype of AR wearables, which comprise motion sensors. In another instance, the American multinational technology company, Vuzix has also developed smart glasses and is looking forward to launching advanced version of wearables for future generation. Initiatives such as the aforementioned are certain to augment advanced glass market size.

The shifting trends toward miniaturization of several electronics equipment are fueling the requirement for highly precise structured glass. In this regard, many players in advanced glass market are adopting new innovative technologies to develop versatile and highly accurate glass wafers. Moreover, some of the companies are focusing on inventions of light solutions for interiors of automobiles and aircraft. For instance, glass manufacturing company, AGC Glass Europe has developed an innovative solution for luxury car roofs. Presently, this light control glass has been installed in Daimler’s Mercedes S-Class model. The notable benefits of this glass include resistance to overheating and UV light, which are significantly attracting other giants in automotive sector. The ongoing research in glass technology for thin film and transparent structure for automotive applications is slated to stimulate advanced glass market outlook.

Heavy investments in research and development activities are likely to strengthen the commercialization potential of advanced glass market. The launch of next-generation wearable glasses and its increasing popularity among the masses will also have a favorable impact on the overall industry expansion. Indeed, the escalating adoption of smartphones and other electronics devices is certain to impel advanced glass market size, forecast to exceed USD 110 billion by 2024.

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March 14, 2018

Flame Resistant Fabrics industry analysis research and trends report for 2017- 2024

Profoundly claimed to be one of the biggest breakthroughs in Flame Resistant Fabrics Market of recent times, Carrington Textiles is on its way to launch an innovative flame retardant product, Flametech 300AS at the A+A trade fair, in Germany.

A state-of-the-art version of the predecessor, Flamestat Satin 225 Pro2 and Flametougher 280AS, Flametech 300AS is reported to provide multifunctional protection to industrial workers against harsh environmental conditions. Global Flame Resistant Fabrics Market is its availability in five different set of colors, including hi-vis orange and hi-vis red, in compliance with the latest EN20471 standards. Experts have already started raving about the product and are expecting the multi-color flame retardant workwear to disrupt the flame resistant fabrics industry.

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Driven by the surging demand for flame resistant apparels across a plethora of end-use industries including transport, mining, construction, military, oil & gas, infrastructure, and construction sector, overall flame resistant fabrics market was pegged at USD 4 billion in the year 2016. The transport sector, unquestionably, is one of the prominent application arenas of flame resistant fabrics market.

The increasing governmental as well as foreign investments with regards to the construction of road, metro, and railway network is certain to upscale the demand for these products. Overall flame resistant fabrics industry from transportation application, as per estimates, is slated to witness a y-o-y growth of 6.5% over 2017-2024. `According to IBEF (India Brand Equity Foundation), the Indian Government has reserved almost 20% of its infrastructural investment of USD 1 trillion for road construction under the nation’s 12th Five-Year Plan (2012-2017). Furthermore, in the Union budget of 2017-2018, the regional government has allotted almost USD 9.55 billion to NHAI for highways and roads. The astounding investment in transport sector is depicting the application scope of flame resistant fabrics market in the country over the coming years.

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Considering the deployment of flame retardant fabrics across myriad end-use domains, flame resistant fabrics market is expected to penetrate majority of the geographies worldwide. Nonetheless, given that governmental initiatives playing a crucial role, it is indisputable that APAC will hold a stronger command in the global flame resistant fabrics industry. Rising investments in the major end-use domains along with a strict regulatory frame of reference with regards to workers safety and protection have enlarged the business opportunity in this belt. Trailed by APAC, Latin America is another prominent region where the growth prospect of flame resistant fabrics industry is forecast to be positively high.

Speaking of the product landscape, while inherent flame retardant apparels have been chronicled to be the most consumed product, the other two categories such as hybrid and treated fabric have also observed a significant push lately. In fact, hybrid flame resistant fabrics market is claimed to record a CAGR of 6% over 2017-2024. A major credit to this shift in market trend can be credited to the incessant efforts undertaken by the renowned biggies to upgrade their product range and diversify their business portfolio.

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Some of the other biggies involved in flame resistant fabrics industry include Huntsman International LLC, Milliken & Company, LENZING AG, Solvay, and Evonik Industries. These players have been depicting high interest in research activities to come up with innovative products for workers safety. However, fluctuations in raw material price trends and increased price of woven and silk materials are hindering the business proliferation to some extent. Nonetheless, with increasing governmental initiative toward workplace safety and labor protection, the end-use landscape of flame resistant fabrics industry is sure to widen over the ensuing years. In terms of revenue, Global Market Insights, Inc. forecasts the overall business space to exceed a valuation of USD 6 billion by 2024.

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March 13, 2018March 13, 2018

Analysis of Aseptic Packaging Market applications and company’s active in the industry

Aseptic Packaging Market, in recent years, has come to thrive as a rather profitable business space, owing to the increasing demands for processed and packaged food and disposable healthcare instruments like vials and prefilled syringes. With hectic work schedules and changing lifestyles around the globe, packaged food is steadily replacing home-cooked meals, a trend that has given a boost to the packaged food and beverages industry, indirectly propelling aseptic packaging market share. It is also prudent to mention that dual income households have led to consumers willing to pay more for healthier food packages, which would indeed provide a positive impetus to aseptic packaging industry size, estimated to register a 9.9% CAGR up to 2024.

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Aseptic Packaging Market worth is estimated to be over USD 70 billion by 2024, driven by the huge demand from the food processing and packaging sectors. The demand for nutrient value retention, less per unit product cost, and uniform product quality have emerged as driving forces for aseptic packaging industry. Furthermore, these products facilitate easy dispensing and disposal and help combat the BPA (bisphenol A) controversy, which would substantially drive aseptic packaging market share over 2017-2024.

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It is prudent to mention that aseptic packaging keeps these products fresher and preserves their original taste without the requirement of added preservatives. The desirability of consuming something that is unadulterated by preservatives has a greater appeal and benefit for the consumers. Thus, aseptic packaging industry has been gaining prominence due to increasing public awareness regarding the consumption of aseptic packaged food as opposed to food packed in cheap plastic containers. Given that governments around the globe are also in favor of aseptic carton packs owing to their recyclable and eco-friendly nature, aseptic packaging market share has been gaining mass appeal lately.

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March 12, 2018

Analysis of Respiratory Protective Equipment Market applications and company’s active in the industry

According to Global Market Insights, Inc., Respiratory Protective Equipment Market to reach USD 5.5 billion in 2016, will surpass a valuation of USD 9 billion by the end of 2024. The profitability landscape of the overall industry is quite conspicuous from the rapid industrialization across major economies.

Boasting a wide application scope in industries like chemical, manufacturing, metal fabrication, textile, and pulp & paper with regards to maintaining workplace safety, overall respiratory protective equipment market share from industrial applications carved a lucrative growth in 2016. In addition, a strict regulatory framework further adds a remarkable momentum to the overall industry trends.

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Countries under the Asia Pacific belt have made hefty investments in industrial projects over the past few years. Estimates claim that, with China at the forefront, Asia Pacific is expected to cover 60% of global infrastructural spending by 2025. Considering the strong pipeline of industrial projects spanning across India, Japan, China, it can be grounded that APAC will prove to be one of the lucrative avenues for respiratory protective equipment market. Statistics further validating the fact – APAC respiratory protective equipment industry size is expected to witness a CAGR of 8% over 2017-2024.

The growth curve of Respiratory Protective Equipment market is forecast to be positively high in the coming years, given the rising number of regulatory initiations by international bodies like OSHA, NIOSH, and ILO with regards to employee safety and workplace procedures. Speaking of potential opportunities of respiratory protective equipment industry, it is nothing but massive. The increasing rate of occupational respiratory disorders quite evidently validates the fact. As per a recent report put forth by Health and Safety Executive, there are approximately around 12000 causalities every year resulting from occupational respiratory diseases. The report further declares that two third of this massive fraction are primarily due to COPD or asbestos-related diseases. As per estimates, every year, there are around 14000 new cases respiratory related problems, reportedly, originates due to long-hour of work in hazardous environment. These statistics certainly demonstrate the lucrative possibilities for respiratory protective equipment market in the coming years

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Regionally, North America has also established strong grounds enhancing the respiratory protective equipment industry. Estimates depict that the regional respiratory protective equipment industry size exceeded the billion-dollar benchmark in 2016, by attaining a valuation of USD 1.5 billion. The growth can primarily be credited to the expanding healthcare sector where the products experience extensive penetration in order to maintain environmental sanitation during critical health conditions.

Speaking of product landscape, supplied air respirator procured a sizable portion of the overall respiratory protective equipment industry in 2016, having collected a revenue of USD 3.9 billion. Supplied air respiratory protective equipment are extensively deployed across domains which are more prone to contaminated toxic environment and lack cleaner air, subject to the fact that these devices are mainly used for delivering breathable air at minimal pressure. Supplied air respiratory protective equipment market is further bifurcated into airline respirators and SCBA (self-contained breathing apparatus), where the latter is mainly deployed in oxygen deficient environment. Firefighting professionals utilize these equipment for life-saving operations during emergency situations.

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Worldwide, respiratory protective equipment industry encompasses a host of renowned companies including Honeywell International, 3M, Bullard, Gerson, Delta Plus, ILC Dover, Intech Safety, Alpha Pro Tech, RSG Safety, and Kimberley Clark. The business space seems to be quite competitive with leading giants’ rigorous efforts of sustaining their business position by adopting various growth strategies like mergers and acquisitions and product differentiation. To cite a recent instance, 3M, one of the formidable players in respiratory protective equipment market, has recently inked a strategic collaboration with Johnson Controls by acquiring Scott Safety, a renowned manufacturer of self-control detection system, flame detection devices, for a valuation of USD 2 billion. Experts claim, through this deal, 3M aims to strengthen its portfolio in the personal protective equipment market, unsurprisingly leaving a subsequent impact on respiratory protective equipment market. The lucrative investments by the leading giants in this fraternity coupled with a stringent regulatory framework with regards to worker safety, respiratory protective equipment industry is sure to witness remarkable proceeds in the coming years, with an estimated CAGR of 7.2% over 2017-2024.

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February 28, 2018

Textile Coatings Market trends research and projections for 2017- 2024

Covestro’s recent product launch demonstrates the company’s immense contribution toward Textile Coatings Industry. Elaborating further, Covestro recently introduced a new kind of polyurethane raw material dubbed Baymedix®, that finds applications in wound dressing and healing processes. Deploying textile coatings to manufacture medical furniture coatings, bandages, surgical wear, and hospital bed linen has always remained at the center stage of the firm’s material development plans, the Baymedix launch being a pivotal instance of the same.

Covestro had recently demonstrated the application of Baymedix® across waterborne textile coatings and non-latex cohesive bandages at the INDEX^TM 17 trade fair held in Geneva in April 2017. Experts state that having witnessed the product’s exceptional performance, other companies are likely to follow suit and bring about innovations in their product line, which would undeniably propel textile coatings market size in the years ahead.

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In a key breakthrough witnessed across textile coatings market, Umbra Applied Technologies Group (UATG), a new entrant in the textile industry, has planned to introduce a new product line – Hygieia that has been touted to be the future of smart textiles. Foraying into the smart textile sector is certain to help the firm expand its presence across the smart technology business space in addition to the textile coatings industry.

Another textile market giant – the Cordura Brand of Invista, has collaborated with DuPont Tate & Lyle Bio Products LLC to manufacture eco-friendly fabrics. The new durable fabric is likely to attract footwear, textile, and gear designers subject to the fact that the fabric constitutes high performing coatings and membranes. This collaboration is thus, likely to open new growth avenues for the prospective deal participants, in addition to bringing about a dynamic change in textile coatings market.

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Textile coatings find myriad applications in the production of hygiene textiles, sports clothing, protective clothing, and barrier textile. Silicone based elastomeric coatings are extensively used to coat nylon fabrics, industrial textiles, fiberglass, and polyester clothes. Today, silicone based coatings have found widespread applications in textiles with their ability to offer protection against ultraviolet radiations, heat, mechanical stress, and fire. With their high insulating features, the products have become highly popular across welding blankets, insulation panels, and personal protective equipment (PPE) market, creating a massive spectrum of avenues for textile coatings industry.

A recent research study unearthed by a group of European researchers depicts the use of graphene to coat textiles and make them conductive. Apparently, this has been perfected by converting thermoplastic monofilament fabric fibers into conducting ones through a graphene coat. This breakthrough is expected to open a new platform for creating integrated electronic equipment that can be directed into the fabrics. This coating technology is bound to bring about a transformative trend in textile coatings market in the near future, state experts.

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U.S. textile coatings market, on the other hand, is expected to be driven essentially by product innovations. The region has been depicting prominent growth in the clothing and home furnishings sectors, which would subsequently impel the profitability landscape of U.S. textile coatings market, slated to grow at a CAGR of 4.5% over 2017-2024.

The competitive hierarchy of textile coatings industry is remnant of renowned biggies such as Clariant AG, Huntsman International LLC, Covestro AG, Omnova Solutions Incorporation, Royal DSM AG, BASF SE, and Lubrizol Corporation. It would be prudent to mention that the aforementioned firms are expected to make notable contributions toward textile coatings market in the forthcoming years and beyond, that would substantially impel the business landscape. Endowed with widespread application and technology spectrums, textile coatings market size is expected to be pegged at USD 7.5 billion by 2024.

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February 27, 2018February 27, 2018

Analysis of Eyewear Market applications and company’s active in the industry

The Global Eyewear Market size is predicted to touch $ USD 110 billion in 2016 and is set to Cross 1.3 billion units by 2024.

Growing proportion of sight deficiencies and increasing geriatric population are predicted to stimulate the global eyewear market in future. Demand for corrective lenses like spectacles and contact lenses are predicted to grow due to growing consciousness regarding the significance of regular inspections/checks. The high proportion of renewed lenses owing to consistent replacements and changes in lens treatment is predicted to propel the growth of the global market during forecasted period. Rise in disposable incomes, growing consciousness among the people about eye protection and growing purchasing capacity of the people is yet another key driving aspect predicted to fuel the growth of the global industry during anticipated period. In addition to this, fast growing eye wear support along with rising proportion of presbyopes is the biggest factor promoting the growth of the market.

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But the growing amount of refractive surgical operations like LASIK is a key inhibiting factor hindering the growth of the global market as it removes the individual dependence on corrective eyewear treatment. LASIK surgeries can affect the sale of corrective lenses during the estimated period. Further, there is a high level of consciousness about LASIK surgical operations among the people as they are becoming more cost effective for large amount of population. This is predicted to be a key aspect restraining the growth of the market. But in emerging economies, these refractive surgical operations are still not cheaper for many customers and so they prefer eyewear like spectacles or contact lenses to refractive surgeries like LASIK.

Increasing modernization and rapid shift in lifestyles of the people are the factors predicted to drive the growth of the market during forecasted period. The growth of online trading and rising popularity of disposable lenses are also predicted to be main market growth drivers. Growing occurrences of ophthalmic disorders driven by lifestyle shifts have promoted the market growth. The growing proportion of individuals using eyewear for correcting or overcoming sight problems is the biggest aspect stimulating the industry growth.

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The global eyewear market product is segmented into spectacles lenses, spectacles, Plano sunglasses, spectacles frames, polarized sunglasses and contact lenses.

Spectacles section leads the product segment of the global market. It also dominated the product segment of industry in 2011 by contributing maximum market share. The section is also projected to exhibit widespread development during forecasted period. Growing number of persons using spectacles for sight correction is one of the main reasons contributing for the growth of the section.

The contact lenses section is predicted to display enormous growth during forecasted span owing to growing consciousness about the use of these products and due to its user friendly features.

Spectacles lenses and frames section led the product segment of the market in 2012. The demand for the lenses & frames is predicted to remain in future.

Plano sunglasses section is predicted to expand substantially during forecasted period. The demand for high end sun glasses is the main aspect adding to the high revenue growth of this section.

The global market is segmented into North American subcontinent, European continent, APAC zone and rest of the world.

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The North American subcontinent led the market in 2012 in terms of demand. High demand for products like contact lenses and sunglasses in the subcontinent along with high level of consciousness about eye examinations were the key factors driving the growth of the eyewear market in North America.

Europe led the global market for 2012 in terms of revenue. High demand for sunglasses and high awareness levels about eye checkups are key factors driving the growth of market in Europe.

Customers going for UV coatings, scratch resistant coatings and antireflective coatings are predicted to fuel the demand and growth of the market in the regions of Europe and North America.

The market of APAC zone is predicted to expand rapidly during forecasted period. The factors adding to the growth of the market in APAC zone include growing purchasing capacity of the people, rising use of eye wear and increase in density of population in the regions of the APAC zone.

Key industry players are implementing different business growth strategies like efficient distribution channels and vertical integration to increase their profit margins, gain maximum market share, gain competitive advantage and grow their business.

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