News Archive for Chemical News, Construction, Environmental, Industry, TMR, Transparancy Market Research

Green Cement Market: Green Construction for Environmental Sustainability to Aid Growth, reports TMR

The leading five players held a 51% share in the global green cement market in 2015, notes a recent market study by Transparency Market Research. The key leading players are Heidelberg Cement AG, Lafrage S.A., Taiheyo Cement Corporation, China Building Material, and CEMEX S.A.B. de C.V. Mergers and acquisitions for capacity expansion is the focus of key players in this market, says a TMR analyst. “Continual focus on technological advancements and product differentiation are the sought-after winning strategies of these companies,” says the lead author of the study. 

The global green cement market is projected to reach a valuation of US$38.10 bn by 2024 increasing from US$14.80 bn in 2015 at a CAGR of 11.3% therein. 

Asia Pacific to Remain at Forefront Due to Booming Construction Sector 

In terms of application, residential sector is expected to lead the market due to the growing population density in urban areas. The increasing demand for residential projects is expected to propel growth of the global green cement market. 

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On the basis of geography, Asia Pacific is expected to acquire a share of 31.1% by 2024 increasing from 26.8% in 2015, owing to growth of the construction industry in the region. The region will experience a surging demand for green cement due to fast-paced urbanization and rapid industrialization. The mounting demand for residential and non-residential buildings is expected to propel the demand for green cement across the region. In this region, the rising need for infrastructural development in developing countries combined with increasing enforcement of mandates for green solutions are the key drivers for the increasing demand for green cement in the non-residential segment. 

The market share of North America green cement market is expected to decline during the forecast period, due to the limited usage of cement in the residential sector. Europe share in the global green cement market is also expected to decline between 2015 and 2024 due to stringent regulations for carbon emissions and the growing apprehensions about taxes that could be levied on industrial emissions. 

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Demand for Green Alternatives to Reduce Carbon Footprint Drives Growth 

The booming construction activities, which includes construction of residential buildings, non-residential buildings, and infrastructural development is the primary factor driving the growth of the global green cement market. The demand for green cement is increasing due to the uptake of alternate fuels that are derived from waste matter such as used oils, solid recovered fuels, foundry sand, filter cakes, fly ashes, and animal meals. Moreover, the need of the hour to cut down carbon emissions is promoting the use of these fuels. Several governments around the world are also encouraging green architecture for sustainable development, which receives a certification under Leader in Energy and Environment Design (LEED). 

The use of green cement also safeguards buildings from heat stress and sulfate attacks due to contact with water and moisture. Green cement offers superior resistance for residential as well as commercial construction projects due to low alkali concentration as compared to ordinary Portland cement (OPC), which is expected to play a significant role in the market’s growth. In several parts of the world, developmental projects, which include construction of pavements and bridges, infrastructural developments, and nuclear power plants are expected to extend a plethora of growth opportunities to the market. 

The growth of the green cement market faces certain restraints as well. The strength of green cement is entirely dependent on the type of industrial waste utilized during the manufacturing process, thus it has been debatable amongst several end users. For example, use of low calcium fly ashes compromises the strength in early stages in comparison to OPC. 

The global green cement market has been segmented as follows: 

Green Cement Market – Product Type Analysis 

  • Fly ash based
  • Slag based
  • Geopolymer
  • Others 

Green Cement Market – Application Type Analysis 

  • Residential
  • Non-residential
  • Industrial
  • Infrastructure 

 

The review presented is based on the Transparency Market Research report, titled “Green Cement Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Molded Plastics Market: Emerging Economies Hive of Opportunities for Market Players,TMR

In a highly fragmented global molded plastics market, in 2015, the top 10 companies held only 40% of the overall market. Some of these are companies are Chevron Philips Chemical Company LLC, Eastman Chemical Company, SABIC, BASF SE, and LyondellBasell Industries N.V. Top companies in this market have established high brand equity due to a long presence in this market, notes a study by Transparency Market Research. This factor, along with the technical expertise of key companies makes it difficult for new and small companies to compete with them. 

“Focus on renewable raw materials to manufacture plastics for packaging industries is one of the key strategies that key players in this market have adopted, says the author of this study. Strengthening global presence by targeting emerging markets with high growth potential has also been adopted to accelerate growth. A case in point is BASF SE. In October 2015, the company established an engineered plastics compounding unit in South Korea and have plans to expand its existing engineered plastics compound capacities in Germany by the end of 2017. The global molded plastics marketwas pegged at US$124.8 bn in 2015 and is expected to be worth US$202.2 bn by 2024 at a CAGR of 5.6% therein. The market is expected to display a CAGR of 4.3% between 2016 and 2024 in terms of volume.

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Declining Crude Oil Prices Positively Influencing Molded Plastics Market

In the present scenario, declining crude oil prices have positively impacted the petrochemical industry. The drop in oil prices has improved the profit margins of several petrochemical companies considerably, says analyst at TMR. Hence, the growth of the petrochemical industry is expected to positively impact the molded plastics market. 

The flourishing building and construction sector is also fuelling the growth of the molded plastics market, says TMR. With continued investments from government and private developers for infrastructural development and real estate projects, the construction industry has reached new heights. 

On the flip side, environmental hazards associated with the use of molded plastics, economic instability and political unrest in several countries predominantly in the Middle East, and unpredictable demand in the Middle East and Europe are expected to challenge the growth of the molded plastics market during the forecast period. 

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The Middle East and Africa to Display Fast Growth in Future 

In terms of material type, polypropylene displays the highest demand accounting for its dominance in the molded plastics market. In 2016, the segment held 41% share in the global market. However, polyethylene terephthalate (PET) is expected to display the highest CAGR of 8.6% between 2016 and 2024. On the basis of technology, in 2015, injection molding led the molded plastics market and the technology segment is expected to increase two times by 2024. Blow molding, on the other hand, is evolving rapidly with an impressive growth rate.                                                          

In terms of application, packaging is expected to be leading consumer of molded plastics until the end of the forecast period in 2024. Packaging is expected to generate the highest revenue until 2024. The construction sector contributes a significant revenue to the overall molded plastics market. Geography-wise, while currently, Asia Pacific contributes the highest revenue to the global market, the Middle East and Africa is expected to display growth at a fast pace. 

The global molded plastics market is segmented as follows: 

Molded Plastics Market, by Material 

  • Polypropylene
  • Polyethylene
  • Polyvinyl Chloride
  • Polystyrene
  • Polyethylene Terephthalate (PET)
  • Others 

Molded Plastics Market: By Technology 

  • Injection Molding
  • Blow Molding
  • Thermoforming
  • Others 

Molded Plastics Market: By Application 

  • Packaging
  • Consumable & Electronics
  • Automotive & Transportation
  • Building & Construction
  • Other Applications

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Molded Plastics Market – GCC Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Global Refinery Catalysts Market: China Continues to be Most Lucrative Country, says TMR

The global refinery catalysts market represents a highly organized and consolidated structure formed by four companies, who held more than 75% shares of the market in 2015. These four companies are Royal Dutch Shell Plc., Sinopec Corporation, Chevron Corporation, and ExxonMobil Corporation. Besides dominating with an impressive product portfolio and extensive geographical presence, these companies constantly focus on research and development of new products to negate the emergence of new players. 

Volatility of crude oil prices continues in the global market, which has significantly affected the production and revenue of several refinery catalysts, and the pattern is expected to persist for a few years to come until the oil prices settle at a profitable margin. This factor is reflecting negatively over the growth rate of the global refinery catalysts market, which is projected for a CAGR of 4.6% during the forecast period of 2016 to 2024. This report by Transparency Market Research (TMR) evaluates that global refinery catalysts market had an opportunity worth US$11.5 bn in 2015, and estimates it to reach a valuation of US$17.0 bn by the end of 2024.

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Zeolites Remains Most In-demand Material

On the basis of material, the report categorizes the global refinery catalysts market into zeolites, cobalt, molybdenum, nickel, and others including platinum. Out of these, the segment of zeolites had the maximum demand in 2015, accounting for 65% of the global market in 2015. This high demand for zeolites is a reflection of growing usage of fluid catalytic cracking process in refineries, which is essential to meet the escalating demand for high octane gasoline globally. Adjustable acidity and high porosity are some of the properties of zeolites that encourage its use as catalysts in refining and petrochemical production. The report detects that round about 95% of the total zeolites manufactured across the world are used across fluid catalytic cracking operations. The segment of molybdenum catalysts is also expected to flourish during the forecast period, gaining extended demand from the Middle East and Asia Pacific. 

Geographically, the report studies the opportunities available in the regions of North America including the U.S. and Canada, Europe including Germany, France, and the U.K, Asia Pacific including China and India, the Middle East and Africa, and Latin America. Among these, Asia Pacific, and China in particular, are the most profitable regional and country-wide markets for refinery catalysts. The report observes that China served 70% of the demand for zeolite in the global market in 2015. 

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Stringent Eco-Friendly Regulations Driving Demand

Stringent regulations by several governments pertaining to environmental friendly performance is the most prominent driver of the global refinery catalysts market. The Environmental Protection Agency (EPA) and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) are strictly curtailing sulfur and NOx emissions from refinery, and thereby are augmenting the demand for refinery catalysts. The requirement to optimize tight oil and sour crude processing as well as complexity of refineries are other factors favoring the growth rate. Moreover, rapidly increasing number of passenger vehicles is escalating the demand for low-sulfur fuels. In India, which resides vast population, government has decided to set new emission regulation norms, the Bharat Stage VI, which will significantly increase the demand for refinery catalysts form this country-wide market. The inclination of European Commission towards decreasing the GHG emissions, along with regulatory bills to promote biofuel industry are anticipated to propel the demand for enzyme catalysts in the Europe refinery catalysts market. 

Key Segments of the Global Refinery Catalysts Market

Refinery Catalysts Market – Refining Unit Analysis

  • Fluid Catalytic Cracking
  • Hydrocracking
  • H-Oil
  • Hydrotreating
  • Catalytic Reforming
  • Alkylation

Refinery Catalysts Market – Material Analysis

  • Zeolites
  • Molybdenum
  • Cobalt
  • Nickel
  • Others (including platinum, etc.) 

Refinery Catalysts Market – Physical Form Analysis

  • Powders
  • Beads
  • Extrudates

 

The information presented in this review is based on a Transparency Market Research report, titled, “Refinery Catalysts Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” 

Construction Ceramics – Engineering Material for Excellent Resistance to Heat and Chemicals for Ceramic Products, Analysis By 2024

Ceramics are one of the most commonly used engineering materials. Ceramic products are composed of diverse materials, which make them suitable for varied applications including construction, electronics, and aerospace industries among others. Due to their excellent resistance to heat and chemicals, ceramics find extensive use across several industries. 

Common ceramics are composed of silicates that form majority of the earth’s crust. These minerals are talc clay, silica, and feldspar. Ceramic products exhibit resistance to high temperatures, salts and acids, gases, and water based on their mineral component. Ceramics’ properties make them suitable for specific applications. Ceramic materials are used for the manufacture of products such as construction materials, electrical equipment, glass products, grinding materials, dinnerware, and heat-resistant materials. 

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The report studies the construction ceramics market in a ground-up manner and evaluates various facets that are important to understand the market’s progression during the forecast period. In this report, the vital market dynamics are evaluated in the past and their behavior is analyzed over the forecast period. 

On the competitive front, the market study provides a pin point assessment of the current competitive structure and how it is expected to change until the end of the forecast period in 2024. The change will be reflected due to the growth trajectory of key product segments of the top industry players. 

Global Construction Ceramics Market: Drivers and Restraints 

The demand for ceramic products has grown significantly over the last couple of years. Ceramic products such as cement brick, roofing, flooring, and wall tiles, glass, gypsum, and sewer pipe are increasingly being used in the construction industry.

However, the progression of the global construction ceramics market has faced several challenges. The smooth development of the market requires the implementation of improved strategies, which will translate into an increased growth rate. Although ceramics offer an array of advantages in comparison to traditional construction materials in terms of long term economic value and durability, the high initial cost of ceramics is limiting their use on a large scale. 

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At present, the construction industry is subject to several issues, including widespread infrastructural decay, predominantly in the industrial sector. The issues are mainly related to the fast exhaustion of construction material for re-development of concrete structures worldwide. However, the high expense involved in the re-development of these structures presents lucrative opportunities for the construction ceramics market. This is because ceramics ensures a longer lifetime and low maintenance requirements for these structures. 

Global Construction Ceramics Market: Regional Overview 

The broad regional segments into which the global construction ceramics market is divided are North America, Europe, Asia Pacific, and Rest of the World. Among the regional markets, Asia Pacific has emerged as a significant market for construction ceramics on account of the expanding construction sector in China and India. Globally, China is expected to present highest growth opportunities to the construction ceramics market. Europe is expected to follow suit in terms of demand for construction ceramics.  

Global Construction Ceramics Market: Competitive Overview 

Some of the key companies in the global construction ceramics market include Dong Peng Porcelain, Grupo ACS, Hochtief AG, Bechtel Corporation, Shanghai Construction GRopu, Vinci S.A., Bouygues S.A., Leighton Holdings, Koch Industries Inc., Jyoti Ceramics Industries Ltd., and Saint Gobain S.A. among others. 

Stain Resistance Coatings Market: Asia Pacific Leads with Booming Automotive and Transportation Industry, Regional Analysis 2026

Over the past few years, the global stain resistant coatings market has received a tremendous contribution from the automotive and transportation sectors. With the growing research and development activities and subsequently increasing scope of new applications, the market is expected to gain significant momentum in the near future. Stain resistance coatings show high performance in stain resistance and release and substrates coated with them are easier to clean and maintain their appearance longer. These coatings find applications in various fields including cookware and bakeware, architectural coatings, transportation, electronics, and textile softeners and repellents. 

The report serves as a repository of analysis and information regarding important parameters of the global stain resistant coatings market. It is aimed at updating stakeholders about the ongoing trends of the market. It provides an immaculate understanding of the market through definitions, classifications, applications, and chain structure. It gives a detailed description of the factor influencing the market and analyzes the extent to which they impact the growth. It offers qualitative and quantitative insights into the competitive landscape of the market. It profiles key players in the market and takes into account their business strategies, latest development, investment outlook, financial overview, and market shares.

For a coherent understanding, the report segments the global stain resistant coatings market on the basis of various criteria including geography and applications. 

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Global Stain Resistance Coatings Market: Drivers and Restraints 

The stain resistance and energy efficiency that stain resistance coatings offer, along with reduced maintenance costs, make them attractive for various industrial applications. These coatings find extensive applications in end-user industries such as electronics, automotive, and textile. The robust growth of these industries is, thus, providing a fillip to the global stain resistance coatings market. Moreover, due to rapid industrialization in Asia Pacific, there is a substantial demand for these coatings in the region. 

These coatings are made using a number of chemicals including polytetrafluoroethylene, ethylene tetrafluoroethylene, and siloxane copolymers. The use of these chemicals has a negative impact on the environment. Hence, rising government and consumer initiatives towards environmental sustainability are hindering the growth of the market. 

Global Stain Resistance Coatings Market: Region-wise Outlook 

On the basis of geography, the key segments analyzed in the report are Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific will represent a large share in the market throughout the forecast period. The abundant availability of raw materials and cheap labor and strong domestic demand for strain resistant coatings, particularly from the construction sector are propelling the growth of the region.

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North America and Europe will rise at a sluggish pace owing to the economic slowdown. The demand for stain resistant coatings in these regions is high for architectural coatings and electronics applications. The increasing government initiatives to promote energy efficiency are driving the adoption of innovative and environment-friendly coating technologies, which in turn is fuelling the growth of the region. 

Global Stain Resistance Coatings Market: Competitive Landscape 

The majority of the players in the global stain resistant coatings market are focusing on the development of new products to attain inorganic growth in the global factory automation platform as a service market. Mergers and acquisitions are also among the commonly adopted strategies by prominent players to boost their offerings in the market. Some of the key players in the global market are Nippon Paint Holdings Co. Ltd., BASF SE, The Sherwin-Williams Company, The Chemours Company, E.I. Du Pont de Nemours and Company, The 3M Company, and The Dow Chemical Company.

Magnesium Oxide Nanopowder Market: Focus on Product Quality Defining Highly Competitive Landscape:TMR

The global magnesium oxide nanopowder market exhibits a highly fragmented competitive landscape, with strong competition between the top players. Integration exists across the value chain with multiple key players producing raw materials that is required in the manufacturing of magnesium oxide nanopowder. American Elements, Sigma-Aldrich Co. LLC, Nanostructured & Amorphous Materials, Inc., Strem Chemicals, Inc., and US Research Nanomaterials, Inc. are identified as some of the prominent players in the global magnesium oxide nanopowder mater. These companies focus on product quality and innovation via research and development to the increase the range of applications and thereby consolidate their market position.

Distribution channels in the magnesium oxide nanopowder market include direct selling, exporters, distributors, and online traders. Companies such as Sigma-Aldrich Corporation and EPRUI nanoparticles & Microspheres Co. Ltd. have online portals for the sale and distribution in various regions. According to the report, the global demand for magnesium oxide nanopowder stood at 8,408.9 tons in 2014 and is anticipated to reach 16,121.5 tons in 2023, increasing at a CAGR of 7.5% during the forecast period of 2015 to 2023. In terms of revenue, the global market for magnesium oxide nanopowder market was valued at US$1.7bn in 2014, which is projected to reach US$3.5 bn by the end of 2023, expanding at a healthy CAGR of 2015 to 2023.  

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Flourishing Construction Industry Driving Demand

In terms of volume, the end-user segment of furnaces and boilers dominated the global magnesium oxide nanopowder market, accounting for 48.2% share in 2014. This segment is projected to remain prominent through-out the forecast period, which is a reflection its highly useful properties such as fire-retardant, least toxic, and odorless.   The segments of construction is second most lucrative, gaining from rapid industrialization and urbanization in the emerging economies. Refractory fiber and materials, magnetite-chrome brick, filler for refractory coating, and ceramic base plate are some of the basic applications of magnesium oxide nanopowder in the construction industry. 

Geographically, Asia Pacific serves the maximum demand, accounting for 40.5% of the market in 2014, which is due to significant demand for magnesium oxide nanopowder from end-users such as furnace and boilers and construction. North America and Europe form the second and third most profitable regional markets, respectively. 

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Pollution Concerns Escalating Uptake as Fuel Additive

Rising demand for applications such as refractory materials, fuel additives, and flame retardants is anticipated to drive the global magnesium oxide nanopowder market in the near future. These are essential to check the rising pollution due to increasing environmental concerns. Magnesium oxide nanopowder is used as a fuel additive to reduce pollution. Due to the increasing demand for fuel, the demand in the additives market is expected escalate during the forecast period. Conversely, the high production cost and adverse impact on environment is expected to hinder the growth rate of the market for magnesium oxide nanopowder. Magnesium oxide nanopowder used in animal feed additives in excessive quantities may cause tumors in animals such as rats and cattle. 

According to the author of the report, development of cost effective manufacturing process will open new avenues for the players in the market. For instance, a research team at the Islamic Azad University in Iran is reported to have synthesized magnesium oxide nanoparticles through the hot wire chemical vapor deposition (HWCVD) method. Moreover, by increasing the utilization factor and manufacturing capacity, the key manufacturers can avail efficient economies of scale.

Key Segments of the Global Magnesium Oxide Nanopowder Market

Magnesium Oxide Nanopowder Market – End-user Analysis

  • Furnaces and boilers
  • Paints and coatings
  • Electronics
  • Electrical
  • Construction
  • Others (Including petrochemical, textile, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Magnesium Oxide Nanopowder Market  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Global Wood Preservation Chemicals Market: Eco-friendly Options Dawn New Opportunities at the Drop of Toxic Chemicals, finds TMR

The global wood preservation chemicals market is observed to be typified by low price sensitivity, as a result of which the significant players in the industry are competing with product differentiation as a basis. In a report released by Transparency Market Research (TMR), the plain sailing availability of raw materials and relatively moderate production cost have intensified the threat of new entrants. While the degree of competition is forecasted to be medium, the possibility of joint ventures, strategic mergers, and exclusive agreements could be high. 

According to the research analysis of TMR, the world wood preservation chemicals market is projected to rake in US$2.1 billion by the end of 2023, whereas it stood at US$1.7 billion in 2016. The various applications of wood preservation chemicals have proved to be vital in the advancement of the global market. The construction application segment had attained US$7.6 billion in 2016 and is anticipated to reach US$9.8 billion by 2023. Asia Pacific is expected to stand tall as a larger producer as well as consumer of wood preservation chemicals with a 38.4% share expected in 2023. 

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Global Market to Leap on the Strength of Construction and Wood Furniture Industries 

The global wood preservation chemicals market is analyzed to be closely associated with the construction sector, especially in the emerging economies of Poland, Russia, Brazil, China, and India. As a momentous end-user division of the global market, the construction industry has provided a fine impetus for growth while riding on crucial factors such as urbanization, population growth, world economic advancement, and government support for infrastructure projects. 

The wood furniture sector is another end-user segment that is envisioned to vitally contribute toward the growth of the international wood preservation chemicals market. The Asia Pacific market for wood furniture could rise at a faster rate in countries such as South Africa, India, and China, owing to their elevating disposable income. The U.S. could be a larger market for wood furniture with respect to demand. 

Strict Regulations Demote Common Chemicals and Promote Eco-friendly Alternatives 

Pentachlorophenol (PCP), creosote, and chromated copper arsenate (CCA) were three of the most commonly used chemicals for wood preservation which represented an almost 75.0% of the global wood preservation chemicals market. However, after a risk assessment was conducted by the United States Environmental Protection Agency (USEPA), these chemicals were labelled as toxic and potentially harmful for use in residential applications, some of them even raising the risk of cancer. Subsequently, their production suffered on a higher side and there was a preference shift to eco-friendly wood preservation chemicals. 

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This shift opened a substantial market for eco-friendly alternatives of wood preservation chemicals such as propiconazole, cyproconazole, and borates. Since arsenic was a highly toxic CCA substance, manufacturers have taken to producing arsenic as well as chromium free wood preservation chemicals such as copper azole and alkaline copper quaternary (ACQ). Wood acetylation, where the modification of wood is performed at a molecular level, has gained quite some popularity as an eco-friendly technique. Likewise, there is a surging inclination toward the usage of borates in the global wood preservation chemicals market. 

Key companies such as Rütgers Group, Lonza Group Ltd., Lanxess AG, and Koppers Holdings Inc. had accounted for an approximately 50.0% share of the international wood preservation chemicals market in the past. However, the other weighty players could be Janssen Preservation & Material Protection, Viance LLC, Kop-Coat Inc., Rio Tinto Minerals, KMG Chemicals, Kurt Obermeier GmbH & Co. KG, and BASF Wolman GmbH. 

The global wood preservation chemicals market has been segmented in the following arrangement. 

Wood Preservation Chemicals Market – Product Segment Analysis 

  • Water-borne Preservatives
  • Oil-borne Preservatives
  • Light Organic Solvent Preservatives
  • Others (Including Fire Retardants) 

Wood Preservation Chemicals Market – End-user Analysis 

  • Furniture and Decking
  • Marine
  • Construction
  • Others (Including Utility Poles) 

The study presented here is based on a report by TMR, titled “Wood Preservation Chemicals Market  – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.” 

Global Medium Molecular Weight Polyisobutylene Market: Increasing Demand for Sealants and Adhesives to Ensure Expansion, states TMR

The global market for medium molecular weight polyisobutylene (MMW PIB) appears to be consolidated owing to the presence of a few number of manufacturers, who have been adopting strategies such as acquisitions and mergers. The top four manufacturers, BASF SE, Shandong Hongrui Petrochemical Co., Ltd., Zhejiang Shunda New Material Co.,Ltd., and JX Holdings, Inc. held a massive share of 42.4% in the global MMW PIB market in 2014. The growing number of market players from Asia Pacific will pose a challenge to the leading firms, finds Transparency Market Research (TMR). 

The global MMW PIB market is expected to grow at a CAGR of 4.3% during the forecast period between 2015 and 2023, reaching a valuation of around US$610.1 mn by the end of 2023, according to TMR. 

High Flexibility, Low Cohesive Strength of Adhesives Boost Growth 

Some of the major growth drivers of the market are rapid expansion of construction activities, technological advancements in medical applications such as drug delivery, prosthetics, and dental and disposable medical devices. The increasing demand for sealants and adhesives has also been assisting the growth of the global medium molecular weight polyisobutylene market. Factors driving the growth of this segment are low cohesive strength and flexibility of these products at low temperatures and their excellent barrier properties. The adhesives that use MMW PIB are extensively used in commercial applications such as paper, cement, roofing sealants, pressure sensitive adhesives, and cable glazing. These adhesives are also used in insulation, panel, flooring, partition, and roofing. Therefore, the market for MMW PIB will witness an upsurge over the coming period. 

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On the other hand, strict regulatory policies because of the potential harm posed by these products to aquatic animals might restrict growth. However, the chewing gum segment is slated to rise up with considerable opportunities. Most modern chewing gums deploy food-grade polyisobutylene as central gum base, as this substance enhances the gum’s elasticity and stickiness.   

Infrastructural development in MEA, Latin America to Trigger Demand 

Based on geography, the global MMW PIB market is categorized into Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. In terms of volume, Europe accounted for more than 29.7% share of the global MMW PIB market. The rapid rate of growth of this region can be attributed to the flourishing heavy machine manufacturing and automobile industries which are driving the growth of lubricants segment in the region. Germany is a prominent country segment of this region.

However, it is Asia Pacific that presently leads the market for MMW PIB market in terms of volume, as per TMR’s findings. The regional market is projected to account for a share of 35.4% by the end of 2023. The tremendous demand for MMW PIB primarily comes from the adhesives application in numerous end-user industries of Bangladesh, India, Pakistan, Vietnam, and China. The presence of strong manufacturing industries in India and China are likely to prove beneficial to the overall market growth. The regions of Middle East and Africa and Latin America are also likely to grow extensively, due to advancement of real estate and infrastructure industries.

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On the basis of application, sealants, adhesives, gum base, lubricants, and others (including bitumen modification) are the major categories. The adhesives application is growing at a phenomenal rate due to high demand from construction and automotive segment. This segment is expected to expand with a CAGR of 4.8% during the forecast period, achieving a revenue worth US$258.7 mn by the end of 2023. 

 Key segments of the Medium Molecular Weight Polyisobutylene market 

Global Medium Molecular Weight Polyisobutylene Market – Application Analysis

  • Gum base
  • Adhesives
  • Sealants
  • Lubricants
  • Others (Including bitumen modification, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Medium Molecular Weight Polyisobutylene Market  – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023

Global Ag Paste Market: Demand for Photovoltaic Cells Bodes Well, notes TMR

Transparency Market Research observes that the global Ag paste market is moderately fragmented. The market currently faces threat from cheaper substitutes that are being developed by competitors. However, if players can cater to the soaring demand for Ag paste in the solar industry, they can overcome the hurdles to book whopping profits. Currently, the players are focused on expanding their geographical reach by making long-term supply agreements with buyers. The leading players in the global market are Johnson Matthey, Metalor, Dupont, and Heraeus Holding.

According to the research report, the global Ag paste market was valued US$1.9 bn in 2015 and is expected to reach a valuation of US$4.5 bn by the end of 2024. Analysts project that the global market is expected to progress at a CAGR of 10.0% between 2016 and 2024. 

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Asia Pacific to Dominate Global Market as it Acquires 56.8% Share by 2024

In terms of geography, the global Ag paste market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. The report points out that Asia Pacific dominated the global market 2015. The demand for Ag paste in Asia Pacific will be attributable to the emergence of the solar industry. The subsequent demand for photovoltaic solar cells is expected have a positive reflection on the overall market.

The application of Ag paste is seen in thermal interface material and EMI shielding. Of these, the thermal interface material segment is projected to dominate the global market throughout the forecast period. By the end of the forecast period, this segment is estimated to hold a share of 76.7% in the overall market. The mounting demand for photovoltaic solar cells in the developing countries is expected to boost the thermal interface material segment.

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Demand for Renewable Energy Contributes to Soaring Revenue of Global Market

Nations across the globe are striving to find sustainable energy solutions to reduce the impact of global warming by cutting down on carbon emissions. This has triggered a mammoth demand for renewable energy around the world, thereby fuelling the need for solar energy. All of these factors put together have led to the emergence of the solar industry and in turn, the demand for photovoltaic (PV) cells. As solar capacities increase, the demand PV cells will also spike, which, in turn, will augment the uptake of Ag paste. The report also states the burgeoning automobile sector is likely to increase the demand for Ag paste as it will be extensively used in in printed circuits of defogging systems, antennae, and alarm circuits. The increasing expenditure on electrical and electronic appliances is also expected to ensure rising demand for Ag paste in the near future.

Availability of Cheaper Alternatives to Restrain Growth of Overall Market

The global Ag paste market is expected to face a few challenges such as availability of cheaper substitutes. The cheaper alternatives include carbon nano materials, aluminum, and copper. The market is also likely to be restrained by varying purity of silver that is used for manufacturing Ag paste. Furthermore, the volatile prices of silver are also likely to create a negative impact on the global market in the near future.

This report segments the global Ag paste market as follows:

Ag Paste Market – Application Analysis

  • Thermal Interface Material
  • EMI Shielding

This review is based on Transparency Market Research’s report, titled “Ag Paste Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 – 2024.”

Global Wood Activated Carbon Market: Concerns over Carbon Emissions to Drive Usage, finds TMR

The global wood activated carbon market is moderately consolidated in nature. Calgon Carbon Corporation, Ingevity Corporation, Cabot Corporation, and Osaka Gas Chemicals Co .Ltd. – the top four manufacturers – collectively held more than 55.0% share in 2015. Of these, Calgon Carbon Corporation was the clear leader in the wood activated carbon market.        

There is intense competition between the prominent market players. To guarantee sustainability and greater market share, the key players are implementing successful business strategies such as product innovations and expansion of businesses, finds Transparency Market Research (TMR). For instance, Ingevity Corporation, besides manufacturing wood-based powdered activated carbon, also develops solutions for customers and end markets, which is likely to increase the company’s share in the activated carbon market. The development of activated carbon honeycombs for the automotive industry shows the company’s interest in increasing its portfolio. According to a TMR report, the wood activated carbon market is expected to be valued at US$456.0 mn by the end of 2024.   

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Growing Demand for Cleaner Air and Water Drives Market 

Asia Pacific currently exhibits the maximum demand for wood activated carbon and is expected to remain most profitable throughout the forecast period. This region is projected to contribute as much as 44.1% of the total demand for wood activated carbon by the end of 2024. The main growth driver in this region is the emphasis on clean air and quality of water by developing economies and the rising demand for wood activated carbon in decolorization. The presence of wood activated carbon producers in Asia Pacific is another factor behind the high level of supply and demand. The demand for wood activated carbon is considerably high in North America and Europe as well, wherein it is used to remove gaseous impurities.

Based on application, the global wood activated carbon market is segmented into decolorization, gas adsorption, removal of impurities, and others. Removal of impurities is expected to hold a major market share. By the end of 2024, this segment will account for over 30.3% share in the market. Due to stringent pollution control norms, this application segment is expected to continue leading the demand for wood activated carbon over the given forecast period. 

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Reduction of Mercury Emission Boosts Demand for Wood Activated Carbon 

Several power plants and manufacturing units are emitting mercury and harmful particles into the environment. The basic aim of wood activated carbon is to remove mercury particles from such power plants and manufacturing industries. It has become mandatory to adhere to regulatory laws pertaining to mercury emissions. The two major countries responsible for mercury emission – China and the U.S. – have agreed to follow the norms and reduce the mercury levels in the atmosphere by 2020.

The use of wood activated carbon is also found in water purification. It helps in eliminating major water pollutants such as industrial effluents, sewage, and agrochemicals, before domestic water consumption. Emerging economies have exhibited a significant demand for wood activated carbon for its water purification characteristics. 

Raw Material Shortage Creates Obstacle for Market Growth 

Wood flour, sawdust, a slew of pre-treatment chemicals, and wood pellets are the required raw materials for the production of wood activated carbon. These by-products of wood processing are also required by industries producing fuel and manufacturing synthetic resins and wood pulp. The companies demanding wood processing by-products, especially sawdust, are large in number, which limits the supply of sawdust for wood activated carbon manufacturers. This shortage, in turn, restricts market growth. Nevertheless, the dearth of raw material has resulted in the development of various other forms of activated carbon such as plasma processed carbon, which presents market players several opportunities for growth.

Global Wood Activated Carbon Market, by Application

  • Gas adsorption
  • Removal of impurities
  • Decolorization
  • Others (recovery of organic solvents, etc.)

This review is based on the findings of a TMR report titled ‘Wood Activated Carbon Market Application – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.’

Nano Calcium Carbonate Market: Benefits from Economic Development in Asia Pacific by 2016 – 2026

The nano calcium carbonate market is expanding at a rapid pace owing to rise in demand from end user industries such as paper, plastic, and rubber. There has been an increase in the demand for nano calcium carbonate in the sealant industry used as rheological materials owing to the thixotropic structure which benefits in achieving anticipated fall and viscidness control. Growth in the usage of nano calcium carbonate as strengthening fillers in construction and automotive sealants is anticipated to drive the market over the forecasted period.

Enhanced emphasis by local governments in developed economics such as Europe and the U.S. to cut carbon footprints by decreasing the consumption of energy in production processes is expected to drive the nano calcium carbonate market during the forecast period. Increasing number of applications in end user industries such as rubber, adhesives, plastics and sealants is likely to fuel the demand for nano calcium carbonate during the forecast period. Introduction of new characteristics such as developed impact resistance, heat resistance, advanced weather resistance, and superior toughness is driving the demand for nano calcium carbonate. Increase in the demand for nano calcium carbonate from the rubber industry as an easy and low priced substitute for carbon black is likely to propel the growth of the nano calcium carbonate market.

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The global nano calcium carbonate market has been segmented on the basis of application into rubber, plastic, and building & construction. Plastic segment was the most dominant in 2015 and is expected to remain so during the forecast period. Reduced price of raw materials is one of the major factors driving the plastic segment in the nano calcium carbonate market. Rise in the application of plastic and increasing demand for consumer electronics is likely to fuel the growth of the plastic segment during the forecast period. Building and construction segment accounted for a considerable market share of the nano calcium carbonate market in 2015 and is anticipated to remain so over the forecast period.

By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounted for majority share of the nano calcium carbonate market in 2015 and is expected to be the regional leader during the forecast period. Increase in the use of nano calcium carbonate in the construction industry is driving the market in this region. High pace of urbanization is also fuelling the demand for nano calcium carbonate in this region.  

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China and India account for majority of the market share of the nano calcium carbonate market in this region. Europe also has a considerable market share. Rise in investment in the construction industry is one of the key driving factors for the nano calcium carbonate market in this region. The U.K, Germany, and France account for majority of the market share in this region. North America has a matured market for nano calcium carbonate owing to the developed construction industry. Middle East & Africa has an emerging market for nano calcium carbonate. Qatar is one of the large markets in this region. Growth of the construction industry in Qatar has been one of the key drivers for the nano calcium carbonate market in Middle East & Africa. Brazil accounts for the most dominant market in Latin America.

The key players in the nano calcium carbonate market are Imerys Performance Minerals, Specialty Minerals Inc., and Omya. Some of the other key vendors in this  market are Enping Yueyi Chemistry Industry Co. Ltd., Mittal Enterprises, AkzoNobel N.V., and Fujian Sanmu Nano Calcium Carbonate Co.Ltd among others.

Intensifying Competition Compels Leading Ceramic Tiles Manufacturers to Develop Deeper Distribution Channels, TMR

As the competition in the global ceramic tiles market intensifies, leading manufacturers have aggressively taken up the introduction of new designs and development of their distribution channels, finds a new report by Transparency Market Research (TMR). The market demonstrates a highly fragmented competitive landscape, with top five players collectively holding just about 8% of the overall market.

With the robust economic rise, rapid urbanization has taken over significantly across the world. Most widely influenced by this trend are emerging economies in Asia Pacific, the effect of which can be seen in the increased renovation of old constructions as well as new construction activities in these regions. China, India, and several other ASEAN nations are leading this trend with increased commercial construction activities, resulting in a high demand for ceramic tiles. Residential construction undertakings are also a showing significant rise, increasing the consumption of these tiles in these countries.  

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Increasing Aesthetic Consciousness Boosts Demand in Brazil, Turkey, and GCC

“The volume sale of ceramic tiles will experience a boost in various other nations, such as Brazil, Turkey, and countries in the Gulf Cooperation Council (GCC) too. The people in these countries are becoming aesthetically more conscious as their increasing disposable income is letting them spend on the beautification of their homes and workplaces, leading to an augmented demand for ceramic tiles,” says a TMR analyst.

Although the market looks thriving overall, the increasing volatility in raw material prices will severely impact the demand for ceramic tiles in the coming years. Identified as an after effect of the economic crisis, the prices of raw materials such as kaolin, feldspar, silica sand, and bentonite have increased rapidly after 2008 and have been rising since then. Additionally, the heavy consumption of these materials in other applications such as glass, refractories, paints, thermal and electrical insulation, and food packaging has augmented their prices further after 2010.

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Residential Replacements Remains Biggest Consumer of Ceramic Tiles

According to TMR, the opportunity in the worldwide ceramic tiles market is likely to expand at a healthy CAGR 9.80% during the period from 2016 to 2024 and increase from US$76.81 bn in 2015 to US$178.1 bn by the end of the forecast period. Currently, Asia Pacific is the biggest consumer of ceramic tiles across the world. The region accounted for a demand share of 65.6% in 2015, which is projected to increase to 66.5% by the end of 2024.

In 2015, ceramic tiles recorded maximum consumption in residential replacement. The trend is projected to continue over the forecast period. Floor tiles enjoy the highest demand among all ceramic tile types. This segment is poised to attract more demand in the coming years, owing to an upsurge in residential construction activities in developing economies.

The report segments the global ceramic tiles market as follows:

  • Ceramic Tiles Market – Product Analysis
    • Floor Tiles
    • Wall Tiles
    • Others (Including Ceiling Tiles, Roofing Tiles, etc.)
  • Ceramic Tiles Market – Application Analysis
    • Residential Replacement
    • Commercial
    • New Residential
    • Others (Including Industrial, etc.)

The study presented here is based on a report by Transparency Market Research (TMR) titled “Ceramic Tiles (Floor Tiles, Wall Tiles, and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.”

 

Increasing Demand in Industrial Applications Majorly Emerging in Economies by Pressure Sensitive Tape Market Growth 2026

Pressure sensitive tape is a fix adhesive substance that adheres to a given surface by the application of light pressure. Pressure sensitive tape maintains fine balance between the adhesion and cohesion. It is also known as Sellotape, sticky tape, PSA tape in many countries. It is used in wide variety of application in office, restaurants, home, institutions and in industries. Pressure sensitive tape do not require a chemical reaction to develop adhesive force. The recommended bonding pressure for pressure sensitive tape is 14.5 to 29 psi. It is recommended that the tape should be applied at normal range of temperature between 59°F to 95°F. Extreme high temperature may lead to create additional stress. Pressure sensitive tapes are measure in square-meters. The major ingredients which are used for making pressure sensitive tape is adhesive, resin, filler and other additives which are mixed with organic solvents or water.

Based on backing material pressure sensitive tape can be classified as paper, polypropylene, PVC and others. It can be further classified based on product type like single-sided tape, double-sided tape, transfer tape, carton sealing tape and others (includes electrical tape, masking tape etc.)Based on major application, pressure sensitive tape is can be classified into building & construction, packaging, automotive, electrical & electronics, health & hygiene and others. Increasing demand of corrugated boxes majorly in emerging economies is expected to fuel the demand for pressure sensitive tape.

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Based on product type, carton sealing dominated the pressure sensitive market and is projected to experience growth during the forecast period. Increase in awareness related to environmental friendly packaging solution due to stringent government rules and regulations are the key factors which is anticipated to contribute the growth of pressure sensitive tape during forecast period.

Packaging industry dominated the pressure sensitive tape in 2015 and is continue to remain the leading segment during the forecast period followed by building & construction. Application of pressure sensitive tape in automotive industry is anticipated to grow significantly during the projected period.

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In terms of region, Asia Pacific is the largest region for pressure sensitive market and it is anticipated to remain the dominant region during the forecast period. Increasing building & construction activities in countries like China, India, Vietnam, Malaysia are positive growth outlook in automotive industry are the key factors which is anticipated to contribute the demand for pressure sensitive market during forecast period. The Asia Pacific is also anticipated to grow at fastest rate compare to other region during the forecast period. Middle East & Africa is another leading segment after asia pacific which is expected to grow at higher.

Strong focus of Middle East government towards hospitality and tourism industry triggers the growth of construction sector which in turn fuel the demand for pressure sensitive tape. North America and Europe is expected to grow at moderate rate during the forecast period. Slight recovery in developed countries increase the construction activities which is expected to trigger the demand for pressure sensitive tape at moderate growth rate during the forecast period. In addition to this, growth in the US food and beverage sector is expected to grow the corrugated packaging making positive impact on pressure sensitive market.

Global pressure sensitive market is highly fragmented which many global and regional players operating in the market. Some major global companies are Nitto Denko Corporation, 3M, Lintec, Adchem Corporation, Avery Dennison Corporation, Canadian Technical Tape Limited, Henkel AG & Company KGaA and others.

Benefits from Industrial Applications in Asia Pacific through Fiber Cement Market Analysis by 2016 – 2024

The global industry of construction has consistently been seeking solutions or improvements to the materials being used for roofing and similar other applications. One of the core solutions that is being used today is fiber cement, which is a composite building and construction material that can provide high levels of durability and toughness. Owing to the material type and the method of manufacturing, a large part of the current global fiber cement market is involved in the creation of products intended for cladding and/or roofing.

The global fiber cement market can find a very wide range of applications today through the construction industry, in residential, domestic, and industrial applications. They are also able to impart a better quality of fire protection to structures and are therefore strongly considered for use in renovation projects as well. Fiber cement constructs are also highly regarded for use in siding, due to the low maintenance nature of sidings and the fact that fiber cement objects are easier to increasing aesthetic appeal with.

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This report on the global market for fiber cement presents a detailed the analysis of the present state of the market with details regarding key drivers, restraints, and chief trends representing consumer preferences, quantitatively and qualitatively. The report includes a detailed analysis of the expected impact of these factors on the overall development of the market over the period between 2016 and 2024.

Global Fiber Cement Market: Trends and Opportunities

The vast rise in usage of fiber cement for the production of façade and roofing products, chiefly owing to its high strength and durability, and the increasingly stringent regulations restricting the use of asbestos cement are some of the key factors credited to the healthy growth prospects of the global fiber cement market. A thriving construction industry across developing economies in regions such as Asia Pacific, Africa, and Latin America, with increasing investment in infrastructure development and housing projects, is also expected to lead to an increased demand for fiber cement in the next few years.

However, certain factors are expected to hinder market growth over the report’s forecast period, including the complex process of installing products made from fiber cement as well as the high base cost of these products, compelling cost-sensitive developing or less developed economies to favor alternatives. Nevertheless, the increased use of the composite in fire protection applications is a window of opportunity for companies operating in the global fiber cement market.

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Global Fiber Cement Market: Segmentation

The key applications of fiber cement are found in the construction of siding and roofing. Of these, the segment of siding presently accounts for the leading share in the market in terms of revenue contribution and is expected to retain its position as the leading segment over the forecast period as well. Rising demand for fiber cement for siding applications, chiefly owing to the aesthetic appeal and durability it provides, will help the segment account for a leading share in the global market revenue.

From a geographical perspective, the global fiber cement market in Asia Pacific is expected to witness growth at the most promising pace over the report’s forecast period. The thriving construction industry in residential as well as commercial sectors will fuel the overall demand for fiber cement in the region. Developing economies such as India and China will contribute to most of the region’s demand for fiber cement over the forecast period.

Some of the key companies operating in the global fiber cement market are James Hardie Industries PLC, Etex Group NV, Evonik Industries AG, Toray Industries Inc, and Compagnie de Saint Gobain SA.  

Green Waterproofing Products Market: Leads with Environment-friendly Construction Products, Market Growth by 2016 – 2024

Rapid urbanization and increase in industrialization has impacted the construction industry and in turn the environment across the globe. Rise in concerns over the harmful effect of construction processes and products have prompted consumers to adopt ecofriendly products. Green waterproofing products, among others, have gained significant impetus from this trend. Thus, the global market for green waterproofing products has been expanding significantly.

In terms of region, the market for green waterproofing products has been segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Significant increase rise in construction activities, propelled by the rise in urbanization as well as industrialization, has fueled the demand for green waterproofing products in Asia Pacific.


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Waterproofing products are chemical compounds that are blended with other chemical constituents to provide a barrier against leakage. These also improve the durability of finished products. These chemicals are used as additives and admixtures with several other materials including mortar, cement, paints, plastics, inks, and detergents. Natural waterproofing products include quartz and crystalline silica. Synthetic chemicals include polysulfide, polyethylene, polyurethane, and acrylates. Waterproofing products enhance the water-repelling properties of finished products when used as additives in the processing of polymers, paints, and coatings.

Green Waterproofing Products Market: Dynamics and Trends
Demand for green waterproofing products is rising due to the emphasis on environment-friendly construction products across the world. Investment in new commercial buildings, specifically in new hotels and shopping mall segments, have been increasing of late. This is propelling the demand for roofing globally. Additionally, growth in demand for roofing can be observed in the green roofing segment in commercial buildings. The residential building sector is the major consumer of green waterproofing products. 

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Rise in investment in the residential building construction sector is a prominent factor driving the Green waterproofing products market across the globe. The economic boost in Asia Pacific is anticipated to further augment the usage of green waterproofing products in the region. This, in turn, is estimated to drive the green waterproofing products market substantially in the near future.

The global green waterproofing products market is likely to be hampered by the shortage of skilled workers. This is one of the primary restraints of the global green waterproofing products. Trends such as green roofing and innovation in environment-friendly waterproofing products are anticipated to significantly impact the Green Waterproofing Products Market.

Green Waterproofing Products Market: Segmentation
The Green Waterproofing Products Market can be segmented in terms of application (roofing, walls, building structures, and landfills & tunnels) and region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Green Waterproofing Products Market: Region-wise outlook
The market for green waterproofing products in Europe and North America is matured. It is witnessing new product innovation and rising preference for green waterproofing products. The global green waterproofing products in Latin America is also estimated to expand significantly in the next few years due to the expansion in the construction sector in the region. The green waterproofing products market in Latin America and Middle East & Africa is projected to expand substantially in the near future.

Green Waterproofing Products Market: Key Players
Key companies operating in the green waterproofing products market include Nanex, Nikwax, Dr. Fixit, Ultra Seal, and Columbia Green.

Global Ultra-low Alpha Metal Market: Directives Banning Usage of Hazardous Metals Spike Demand, notes TMR

Transparency Market Research states that the global ultra-low alpha (ULA) metal market is facing moderate competition. The leading players operating in the global market are Honeywell International Inc., Indium Corporation, Pure Technologies, and DUKSAN Hi-Metal Co., Ltd. Wide product portfolio of these companies has helped them gain an edge over the others in the coming years. The booming aviation and automotive industries are expected to offer players in the global market ample opportunities to grow in the coming years. Thus, several players are steering the development of their products to suit the requirements of these industries.

According to the research report, the global ultra-low alpha metal market is expected to be worth US$4.72 mn by the end of 2024 from US$2.53 in 2015. Between the forecast years of 2016 and 2024, the global market is expected to surge at a CAGR of 7.30%.

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Asia Pacific Leads the Pack with Flourishing Electrical and Electronics Industry

In terms of geography, the global ultra-low alpha metal market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of all these regions, Asia Pacific is expected to lead the global market as it is poised to acquire a share of 63.81% by 2024. The phenomenal contribution of Asia Pacific to the soaring revenue of the global ultra-low alpha metal market will be due to its flourishing electrical and electronics industry. The usage of lead-free alloys is expected to drive the demand for ultra-low alpha tin in Asia Pacific throughout the forecast period.

The products available in the global market are ULA tin, ULA tin alloys, ULA lead alloys, and ULA lead-free alloys. The report indicates that ULA lead-free alloys segment held a dominant share in the global market in 2015 due to its widening applications. By the end of 2024, this segment is expected to acquire a share of 41.8% in the overall market, which will be larger than the rest. The demand for ULA lead-free alloys is expected to grow against the backdrop of restrictions pertaining to the usage of heavy meals in electronic products.

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Preference for Safer Alloys Augments Demand for ULA Metals

The stern rules such as Restriction on Hazardous Substances (RoHS) Directive that are dissuading the usage of hazardous substances in several electric and electronic equipment has augmented the demand for the ultra-low alpha metal in recent years. The European Union was the first region to accept this directive in 2003, while the world followed suit with a few changes in a few countries. Such directives have coaxed electronic equipment manufacturers to reduce the usage of hazardous materials and replace it with ultra-low alpha metals. Subsequently, it has augmented the demand for alternate alloys that contain lead for the purpose of soldering. Several alloys with silver are also being preferred for soldering despite their expensive pricing as they offer improved process results.

Fluctuating Prices of Raw Materials to Hamper Sales

The fluctuating prices of raw materials that eventually impact the cost of alloys is expected to hamper the growth of the market. Furthermore, the volatile situation of supply and demand is also expected to restrain the market from achieving its true potential. The demand for the ultra-low alpha metal is determined by exceptionally specific demands of consumers. Therefore, the changing patterns of consumer demands are expected to have a direct impact on the global market.

The global ultra-low alpha metal market has been segmented as follows:

Ultra-low Alpha Metal Market – Product Analysis

  • ULA Tin
  • ULA Tin Alloys
  • ULA Lead Alloys
  • ULA Lead-free Alloys

Ultra-low Alpha Metal Market – End-user Industry Analysis

  • Aviation
  • Automotive
  • Electronics
  • Medical
  • Telecommunication
  • Others

This review is based on Transparency Market Research’s report, titled “Ultra-low Alpha Metals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Nanocoatings Market Gains from Rising Demand from Automobiles and Medical Device, TMR

Nanocoatings are materials which are manufactured by shrinking raw materials at the molecular level to form a denser product. Nanocoatings are preferred over traditional coatings due to their lower VOCs content. In addition, nanocoatings have characteristics such as scratch, UV, chemical resistance, low maintenance, anti-corrosion and color and gloss retention among others. Nanocoatings are classified as anti-fingerprint, anti-microbial, anti-fouling and easy-to-clean, self-cleaning (Bionic and Photocatalytic) and others (specialty coatings, etc.).

Anti-microbial is the most used nanocoating across various end-users. Anti-microbial nanocoatings are used by end-users such as medical and healthcare, water treatment, food manufacturing and packaging. Anti-fouling and easy-to-clean nanocoatings are the second largest market for nanocoatings and find applications in marine, food manufacturing, automotive and electronics among others. Anti-fingerprint nanocoatings are expected to grow in the near future due to increasing demand from the electronics, automotive, medical and healthcare. Other types of nanocoatings find applications in buildings & construction, packaging and textiles. 

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The global nanocoatings market is growing owing to the huge demand from medical and automotive coatings industry. Growth in the coatings sector coupled with rising demand, urbanization in BRIC countries has been driving the global nanocoatings market in the past few years. Additionally, European governments have stringent regulations associated with coatings industry due to VOCs content. Nanocoatings offer environmental benefits due to low VOCs in it resulting in more demand in upcoming years. However, the health and environmental concerns is likely to hamper the growth of the nanocoatings market. Increasing application scope of smart coatings market coupled with growing electronics and automotive industry in India and China are expected to open opportunities for the growth of the market over the coming years. 

Anti-microbial nanocoatings were the majorly consumed nanocoatings in the market in 2012 and accounted for around 29.6% of the global demand. Anti-fouling and easy-to-clean nanocoatings were the second largest consumed nanocoatings in the market. They are expected to grow within the forecast period on account of their increasing usage in end-users such as industrial engineering, marine, food manufacturing, automotive and energy among others. Anti-fingerprint nanocoatings are expected to be the fastest growing over the forecast period due to rising demand from electronics, medical and healthcare. Demand for other nanocoatings such as specialty coatings is expected to be steady due to a substantially higher demand from other nanocoatings in the near future.

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Demand for nanocoatings was highest from medical and healthcare, accounting for around 14% of the global demand in 2012. Nanocoatings are used in medical equipment and implants. The medical and healthcare is likely to grow and is anticipated to follow a similar trend over the next few years. Energy and electronics are one of the fastest growing end-users for nanocoatings and are expected to grow in the coming years. Furthermore, increasing use of nanocoatings in automotive to retain color and gloss of the surface is likely to drive the market in near future. Moreover, there is huge demand of nanocoatings from building & construction as they inhibit microbial growth, mild dew and algae. Nanocoatings are also used in food manufacturing, packaging, textiles and water treatment among others.

Nanocoatings demand was highest from North America in 2012 accounting for over 40% of the global market, owing to growing demand from medical and healthcare industry. The demand for medical equipment, implants coatings is currently the largest in North America and is expected to significantly grow with the increasing development in technology. Additionally, demand from other regions such as Europe is expected to increase due to environmental regulations regarding VOCs in the coatings industry. Asia Pacific is anticipated to be the fastest growing market for nanocoatings in the coming years. The demand for nanocoatings is likely to increase in Asia Pacific due to growing automotive and electronics industry.

Companies such as Buhler PARTEC GmbH, Nanogate AG, P2i Ltd., Nanofilm Ltd., Bio-Gate AG and Nanophase Technologies Corporation accounted for less than 10% market share each. In addition, the nanocoatings market is fragmented and is dominated by small players. 

Top 10 Fabrics Market- Increasing Need for Lightweight Automobiles Industries, Market Current Scenario By 2016 – 2024

Fabric refers to flexible material made of natural or artificial fibers such as yarn or thread. While textile is a material made of interlacing fibers, a fabric is a material made via weaving, spreading, knitting, bonding, or crocheting. Fabrics are commonly used for clothing, but they are also useful to make containers such as bags, carpets, furnishings, window shades, beds, and other flat surfaces. With this wide application of fabrics in various applications, the global fabrics market is projected for a healthy growth rate during the forecast period of 2016 to 2024.

This report on the global market for fabrics is an overview of current scenario and presents qualitative and quantitative analysis of the factors that are expected to influence the demand over the course of next few years. And based on anticipated impact those factors, positive or negative, it provides estimations. One of the key feature of the report is the section on company profiles wherein several major players have been analyzed for their market share, product portfolio, manufacturing capacity, distribution channels, regional presence, and marketing strategies, and other recent developments.

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By type, the global fabrics market can be segmented into coated fabrics, antimicrobial textiles, fire resistant fabrics, performance fabrics, non-woven fabrics or textiles, polymer coated fabrics, polytetrafluoroethylene (PTFE) fabrics, protective fabrics, smart textile, and technical textile. Geographically, the report studies the lucrativeness of the regional markets for fabrics in North America, Asia Pacific, Europe, and Rest of the World.

Global Fabrics Market: Trends and Opportunities

The segment of coated fabrics is expected to gain from the he increasing need for lightweight automobiles, wherein it is used for headlining, carpeting, seating assembly, covers, belts, hoes, and airbags. As the automobile industry surges ahead with rising global population with disposable income, coated fabrics market will gain sustained demand over the period of next few years. Polymer coated fabrics, a sub-segment of global coated fabrics market, is estimated for incremented demand in the near future as they are highly useful for their advantages such as high resistance to fire, water, and abrasion, apart from being inexpensive.

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The segment of protective fabrics is anticipated to gain from the rapidly growing construction sector, wherein it is used for its useful properties such as high strength, resistance to abrasion and organic solvents, and durability. The sub-segment of fire and heat-resistant fabric is projected for the best growth rate, which is used in firefighting, military applications, and law enforcements. The demand for the segment of smart textiles in the global fabrics market will be driven by the escalating demand from the electronic industry, wherein it is used for miniaturization of several components and systems, besides finding application in the medical and transport sectors.

Global Fabrics Market: Regional Outlook

Rapid industrialization, economic growth, and increased foreign investments make Asia Pacific the most lucrative region as far as coated fabric is concerned, which is used in the industries such as oil and gas, chemical, steel and military, and infrastructure. On the other hand, North America serves maximum demand for smart textile and protective fabrics. Stringent safety regulations in the U.S. drive the demand for fire-protective fabrics in the U.S. while applications in the sports and fitness sector are propelling the demand for smart textile in this developed market.

Companies mentioned in the research report

Clothing+, Intelligent Clothing, Sensoria, Interactive Wear, and Ohmatex are some of the prominent companies in global smart textile market while OMNOVA Solutions, Saint-Gobain, Trelleborg, Spradling International, and Takata dominate global coated fabrics market. E.I. du Pont de Nemours & Co., Teijin Ltd., and Koninklijke Ten Cate nv are a few leading names in protective fabrics market.

Ceiling Tiles Market: Environmentally Sustainable Products to be Amongst Highly Needed and Consumed Globally, say TMR

The global ceiling tiles market features a diversified competitive landscape owing to the presence of a large number of small-medium-, and large-scale companies, with the leading four companies collectively accounting for a meagre 34% of the entire market in 2015, observes a recent report by Transparency Market Research. Mirroring the competitive dynamics of a typical fragmented marketplace, cost pressures, need to bring in products with innovative features and designs, and technological advancements in manufacturing processes are key for market players to excel and strengthen their positions in the market. 

Companies can be seen focusing on the development of environmentally viable products to exploit the growth potential of the ‘go-green’ trend in the construction sector of late. Leading vendors such as Saint-Gobain, Armstrong World Industries, USG Corporation, and Knauf already boast a variety of products that rank high on the environment sustainability metric. Many more companies in the market are expected to follow suit in the next few years, delivering products that have least harmful impact on the environment. 

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Transparency Market Research states that the global ceiling tiles market will exhibit a promising 10.1% CAGR from 2016 to 2024, rising from a valuation of US$21.6 bn in 2015 to US$51.3 bn by 2024. 

North America to Continue to Take Massive Chunk of Share in Global Market

In terms of product type, the global ceiling tiles market is presently witnessing the trend towards the increased use of mineral wool. The segment of mineral wool ceiling tiles is expected to witness a promising 10.2% CAGR over the report’s forecast period, continuing to remain one of the key choice of the construction sector across developing and developing economies. In terms of geography, the market is expected to be driven by the vast rise in demand across North America. The regional market is expected to occupy a massive 31.8% of the global ceiling tiles market by 2024, chiefly owing to rising numbers of new construction projects in the region. 

Rapid Pace of Industrialization and Urbanization to Catapult Demand

The market for ceiling tiles is expected to gain increased traction owing to rising demand from the construction sector across developing economies boasting industrialization and urbanization at a promising pace. The vast rise in investment aimed at the development of public infrastructure in countries such as India and China are expected to make the Asia Pacific ceiling tiles market a highly lucrative one in the next few years, acting as one of the primary forces driving the global market.

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The high level of thermal and acoustic insulation provided by ceiling tiles make them useful for low-cost construction projects. High recyclability quotient of several metal- and mineral-based ceiling tiles are making their use compelling for environmentally sustainable construction projects, persuading government bodies to ramp up efforts to raise awareness regarding their increased use. 

Threat of Easily Available Substitutes to Hinder Uptake of Ceiling Tiles 

The global ceiling tiles market is expected to witness stiff competition from easily available and relatively economical substitutes to ceiling tiles, such as mortar and asphalt. Additionally, the market is also expected to bear the brunt of fluctuating raw material prices, which have a severe impact on the overall final cost of cleaning tiles.

For the study, the ceiling tiles market has been segmented as follows: 

Ceiling Tiles Market – Product Analysis

  • Mineral Wool
  • Metal
  • Gypsum
  • Others

Ceiling Tiles Market – Application Analysis

  • Residential
  • Non-residential
  • Hospitality
  • Commercial
  • Institutional
  • Industrial

The report is titled “Ceiling Tiles Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” 

Styrene Acrylonitrile (SAN) Resins Market to reach US$2.86 bn by 2024

The global styrene scrylonitrile (SAN) resins market is moderately consolidated with the domination of large-scale manufacturersINEOS Styrolution Group GmbH, Asahi Kasei, and Trinseo S.A. were the top three manufacturers of SAN resins in 2015, with a collective share of 35.7% in terms of revenue, of which INEOS Styrolution Group GmbH accounted for the leading share of 16.4% in the SAN resins market. 

Transparency Market Research (TMR), in a new report, states that till 2024, the overall competition for a greater market share is expected to remain high. Packaging is projected to remain one of the most lucrative industries for styrene acrylonitrile resins. Electrical and electronics, automotive, and construction industries are also expected to boost the demand for SAN resins. 

Due to collaborations between companies, automotive industry is offering abled technologies to its consumers with the help of SAN resins. In February 2016, two multinational automotive equipment suppliers partnered with INEOS Styrolution and identified Novodur HH-112 (acrylonitrile-butadiene-styrene polymer) and Luran (styrene acrylonitrile copolymer) as the materials of choice for the Renault Traffic rear light. 

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According to the TMR report, the global styrene acrylonitrile (SAN) resins market is anticipated to be valued around US$2.8 bn by the end of 2024 from its initial value of US$2.08 bn in 2016, and is projected to grow at a CAGR of 4.0% within the forecast period of 2016 to 2024. By volume, this global market is progressing at a CAGR of 3.0% within the same forecast frame. 

Consumer Goods Industry Proves Profitable for SAN Resins

Consumer goods is a fast-growing end-use segment for SAN resins. Consumer goods, especially the consumer electronics industry, has largely contributed to the growth of the market. There is a significant demand for SAN resins in the manufacturing of handheld devices, personal computers, and televisions. The demand for consumer goods is constantly high and this has opened new avenues for manufacturers to invest in SAN resins. Improving economic conditions and disposable incomes in emerging economies, the growing use of advanced technologies and materials, and the reduction in product prices through healthy competition are assisting the growth of the market. 

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China is a key market for styrene acrylonitrile resins, accounting for a large share in terms of volume. The high demand for SAN resins in China will enable the Asia Pacific region to dominate the market through 2024. The nation holds major opportunities for SAN resins producers due to its low cost of operations in the plastics industry, coupled with heavy investments. Most players regard China as the most attractive market in the world for styrene acrylonitrile resins. 

Low-Cost and Readily Available Thermoplastics to Hinder Growth

SAN resins enjoy widespread demand due to their several desirable properties such as good chemical resistance, high heat resistance, high flow, good clarity, easy process ability, and dimensional stability. The consumer goods industry is booming, thereby increasing the demand for SAN resins. Low operating costs in China have resulted in high investments in the plastic industry. Asia Pacific, specifically China, is the chief contributor to the significant growth of the market for plastics and resins.

However, there are various factors that limit the use of SAN resins. They are costly as compared to many commodity thermoplastics such as polypropylene and ABS. Furthermore, commodity thermoplastics are easily available owing to the growing presence of manufacturers. Acrylonitrile butadiene styrene (ABS), which is also a styrenic polymer, is more popular than SAN resin and can be obtained in a variety of grades suitable for different applications. 

Styrene Acrylonitrile Resins Market, by End User

  • Consumer goods
  • Electrical & electronic appliances
  • Packaging
  • Automotive
  • Building & construction
  • Others (Including medical, graft polyols, etc.) 

This review is based on the findings of a TMR report titled ‘Styrene Acrylonitrile (SAN) Resins Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 –  2024.’