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

Agricultural Adjuvants Market: High Hopes for Greater Crop Yield Opens Doors for Advanced Agricultural Adjuvants, TMR

The extremely consolidated nature of the global agricultural adjuvants market allows very little space for new entrants. In 2015, the top three players in the market – Akzo Nobel N.V., Solvay, and Clariant – collectively held a share of 51.1%. All key players hold an especially high control over supplies of agricultural adjuvants in developed economies.

According to a research report released by Transparency Market Research, the global agricultural adjuvants market holds a high level of competition for existing players due to the presence of advanced mechanisms that a lot of current players can make use of to scale up their production rates. On the other hand, the production rate of the market is extremely dependent on the availability of raw materials over any other factor, which is closely regulated by government agencies.

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This makes is difficult for new entrants to make their mark on the global agricultural adjuvants market. The global agricultural adjuvants market was calculated at US$2.36 bn at the end of 2015 and it is expected that the market will reach US$4.16 bn at the end of 2024. This revenue is expected to expand at a CAGR of 6.6% within a forecast period from 2016 to 2024. By the end of 2015, the overall volume of the global agricultural adjuvants market had reached 757,570 kilo tons. 

Products Pushed to Shine as Farmers Try to Grow Better Crops in Lesser Land

“The global agriculture industry is in a state of many quandaries. For one, the total area of farmable land that each country uses is reducing by at a regular rate. The smaller areas of land are caused due to growing industrialization and expansion of urban areas, which is a direct result of the increasing global population. To feed this increasing population, the agriculture system needs to overreach its current capacities to successfully provide enough food for the masses. As a result, farmers are expected to significantly improve their crop yield. This is the current leading factor augmenting the demand for agricultural adjuvants around the world,” states a TMR analyst.

The global agricultural adjuvants market is also being driven by the growing use of advanced techniques in precision farming. The use of modern technology to increase the precision with which farmers can obtain a high yield of crops is allowing for a better and more stable increase in the demand for agricultural adjuvants.

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Evolving GM Concepts a Direct Threat to Global Agricultural Adjuvants Market

One of the leading factors hindering the growth in demand for agricultural adjuvants is the growing use of genetic modification in the field of agriculture. GM seeds especially are engineered to imbibe the qualities that are required to produce excellent crops that score well in yield quality and are also biologically resistant to the current types of pests and plant diseases. Over the coming years, research and development on GM seeds is expected to skyrocket, creating a drop in the overall demand growth of agricultural adjuvants.

“Currently, the global agricultural adjuvants market continues to be supported by the investments made by both government and private players. The number of investors as well as the total volume of investments is expected to continue increasing in the immediate future, providing key opportunities for existing players in the global agricultural adjuvants market,” adds the analyst.

Key segments of the Global Agricultural Adjuvants Market

Agricultural Adjuvants Market: Product Type Analysis

  • Activators
    • Surfactants 
      • Non-ionic
      • Ionic
      • Others
    • Oil Adjuvants 
      • Petroleum Oil
      • Vegetable Oil
    • Ammonium fertilizers 
  • Utility
    • Wetting Agents & Spreaders
    • Buffering Agents
    • Drift Control & Foaming Agents
    • Defoaming & antifoaming Agents
    • Others

Agricultural Adjuvants Market: Application Analysis

  • Herbicides
  • Insecticides
  • Fungicides
  • Others

 

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

Global Waterborne Ink Market: Low VOC Emissions and High Aesthetic Appeal to have Profound Impact on Demand, says TMR

The global waterborne ink market displays a moderate degree of consolidation with top three companies holding 27.8% of the market in 2015, notes a market study by Transparency Market Research (TMR). These are Siegwerk Druckfarben AG & Co. KGaA, Flint Group, and Sun Chemical Corporation. Top companies such as Sun Chemical Corporation are consistently involved in development and innovation along with aggressive market expansion for distribution of high-quality products. 

The global waterborne ink market is projected to display an intensive competitive scenario, says the author of the study. The lot of older and prominent players operate on the basis of long-term agreements and goodwill. This gives them an advantage of a safe playing field for engaging in expansion strategies. At the same time, the abundance of raw materials with their low costs attracts several new players in the market despite the fluctuating pricing in this market.   

The global waterborne ink market stood at US$2.3 bn in 2015 and is projected to reach a valuation of US$4.1 bn by 2024 expanding at a CAGR of 6.5% between 2016 and 2024. 

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Packaging Application Segment Leads Market 

Packaging stood as the leading application segment of the waterborne ink market in 2015. Currently, the food and beverages industry is displaying an incessantly increasing demand for flexible packaging. This is because waterborne ink printing is low in weight and has an improved aesthetic appeal, which is expected to boost its demand for packaging solutions. The flyers and brochures application segment is expected to display growth opportunities over the forecast period. 

In 2015, North America took the largest share in the global market in terms of volume and is expected to be leading until 2024. The region will be followed by Europe and Asia Pacific. The growing packaging industries in China, India and other ASEAN countries are expected to be the major driving forces for the growth of the global waterborne ink market during the forecast period. 

Need to Substitute Conventional Printing Inks for Environmental Reasons Bode Well for Market 

The global waterborne ink market is displaying positive growth in terms of both revenue and volume due to several factors. Printing inks are harmful to the environment in terms of emissions and product disposal. As a result, printing inks related industries are closely monitored by government agencies and have come under the scrutiny of environment-conscious consumers. In the U.S., the implementation of mandates such as the TSCA and CAA, which is under federal control has been instrumental in lowering VOC emissions. Several other developed economies of the world have adopted similar processes for curbing VOC emissions leading to plummeted demand for conventional printing inks.  As a result, the demand for waterborne inks is on the rise due to its low VOC emissions. 

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In several parts of the world, government regulations for the industrial emissions to be VOC-free is posing a challenge for the global waterborne ink market. Despite the low VOC content of waterborne inks, the rising prominence of UV-cured inks is expected to be strong contender to the waterborne ink market. UV-cured inks are completely free of VOC emissions and are quick to dry as they are treated with UV drying methods. Consequently, the risk of losing demand to UV-cured inks is anticipated to rise over the coming years. 

The global waterborne market is segmented as follows: 

Waterborne Ink Market – Resin Analysis 

  • Acrylic
  • Styrene Acrylic
  • Polyester
  • Maleic
  • Others (Including polyurethane resin, phenolic resin, etc.) 

Waterborne Ink Market – Technology Analysis 

  • Flexography
  • Gravure
  • Digital
  • Others (Including screen printing and sheet-fed offset printing, etc.) 

Waterborne Ink Market – Application Analysis 

  • Packaging
  • Flexible
  • Corrugated
  • Publication
  • Newspapers
  • Magazines & Periodicals
  • Books
  • Flyers & Brochures
  • Others (Including decorative printing and product printing, etc.) 

 

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

Booming Automotive Industry Displays Substantial Demand for Acrylic Rubber Market By 2024

Acrylic rubber, also known by its chemical name alkyl acrylate copolymer (ACM), is classified is a synthetic rubber and is under specialty rubbers. Synthetic rubber is largely used as a raw material in components that make noise, are susceptible to shocks and require oil and heat resistance.

Acrylic rubber are unsaturated polar rubbers that display very good swelling resistance in non-polar oils and also in oils that contain sulfur substances. As they do not have unsaturated bonds, they have good oxygen, heat, and ozone resistance. This specialty rubber is resistant to ozone and has very low permeability to gases.

Initially developed for the footwear industry in 1970, the rubber industry has been witnessing growth due to several other industries. Currently, the automotive industry exhibits an excessive demand for specialty rubber for the manufacture of automotive accessories. With the ever-increasing growth of the automotive market, the demand for synthetic rubber has been on the rise. Rubber parts that are used in automotive account for only 5% of the complete weight of automotive and are mainly used for automotive performance.

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The report analyzes the global acrylic rubber market in a ground-up manner, which includes detailed insights into market indicators, technological developments, geographical landscape and vendor landscape. The report is compiled after an extensive research phase, which includes data collection from trade journals, paid databases, white papers, and presentations.

This publication is a veritable collection of facts and factoids that offers a quantitative and qualitative assessment of the current state of the market and where it is headed.

Global Acrylic Rubber Market: Trends and Opportunities

The booming automotive industry that displays a substantial demand for acrylic rubber is acting as the primary factor driving the global acrylic rubber market. Acrylic rubber is predominantly used for automotive seal and packaging to add strength to automotive parts. Due to the damping properties of acrylic rubber, it is utilized in vibration damping mounts. Acrylic rubber is also used in automotive transmissions and hoses. Furthermore, the rising demand from end-use industries such as consumer goods and plastics is also expected to stimulate the growth of the acrylic rubber market.

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However, the market is expected to witness a decline due to some of the disadvantages of acrylic rubber, which includes low resistance to moisture, acids, and bases. These limitations restrict the use of acrylic rubber in some applications, thereby hampering the demand for the product.

Global Acrylic Rubber Market: Regional Outlook

North America, Asia Pacific, Europe, and Rest of the World are the major regional segments into which the global acrylic rubber market is divided. Asia Pacific, particularly China is expected to contribute significantly to the overall market due to the flourishing automotive industry in the region. North America and Europe are also expected to contribute significantly to the growth of the acrylic rubber market due to the rising demand for acrylic rubber from several end-use industries for sealing and packaging applications.

Global Acrylic Rubber Market: Competitive Landscape

Some of the companies that have a significant presence in the global acrylic rubber market include Hi-Tech Polymers, Ames Rubber Manufacturing, DuPont, Elder Rubber Company, GBSA, CANADA SILICONE INC., Kivi Markings, Specialty Tapes Manufacturing, REDCO, Plexipave, Sreeji Trading Company, Harboro Rubber, Rubber Mill, Apcotex Industries Ltd., Anabond Limted, Tiger Rubber Company, ZORGE, Hanna Rubber Company, Synthos SA, Vanderbit Chemicals LLC, Devcon, Fostek Corporation, INEOS Nitriles Company, PAR Group, and Jet Rubber Company.

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.”

Law Enforcement and Firefighting Protective Clothing Fabrics Market: Greater Defense Budget Allocations make Military Top Spender, TMR

The global law enforcement and firefighting protective clothing fabrics market in 2015 experienced the leadership of players such as TenCate, Milliken & Company, W.L. Gore and Associates, and National Safety Apparel. Their total share of around 35% of the global market shows a great deal of prominent for these players despite being a part of a highly fragmented market.

According to a research report released by Transparency Market Research, the degree of competition within the global law enforcement and firefighting protective clothing fabrics market is expected to be high and remain high over the coming years. A large number of globally prominent players dominate multiple regions in the market, especially Europe and North America. Quality standards are extremely high in this market and all players are locked in competition to provide superior products. At the same time, large portions of the revenue from the otherwise fragmented market are taken up by the prominent players through brand popularity and the formation and maintenance of long-term contracts.

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The global law enforcement and firefighting protective clothing fabrics market is expected to expand at a CAGR of 6.5% within a forecast period from 2016 to 2024, in terms of value. In 2015, this market had checked in at US$954.6 mn and by the end of 2024, it is expected to reach US$1.67 bn.


Military Bodies Up their Demand for Law Enforcement and Firefighting Protective Clothing Fabrics

“Defense and military have always been the greater users of law enforcement and firefighting protective clothing fabrics over the years. It is, after all, military personnel who are consistently exposed to harmful environments and battle threats. To combat these situations, the military is always in need of the latest equipment, protective gear and clothing, and weapons to defend themselves and to succeed in their operations. The clothing therefore being a heavy influencer of how military personnel can act or react, governments have made significant investments towards utilizing advanced materials and production tech to optimize their defense sector,” states a TMR analyst. The growing military sectors in several key countries is therefore, a primary driver of the global law enforcement and firefighting protective clothing fabrics market.

Cost Plays Heavy Hand against Global Law Enforcement and Firefighting Protective Clothing Fabrics Market

One of the key factors restraining the global law enforcement and firefighting protective clothing fabrics market is the very high costs associated with these fabrics. In comparison to traditional material, these fabrics undergo a much more complicated and intense series of weaving, chemical additions, and regulation-mandated testing. Moreover, the leading technologies and software used in the global law enforcement and firefighting protective clothing fabrics market are all proprietary and very expensive, thus adding to an already high capital required to set up in this market, thus deterring new entrants from it.

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The global law enforcement and firefighting protective clothing fabrics market is also being stifled by the overall lack of support and enforcement of norms and regulations by the governments of emerging economies. Despite the presence of several standards and laws, many reasons make it difficult for these mandates to be efficiently enforced across nations. This scenario is expected to change over the coming years.

“In fact, it is the very emerging economies that are expected to become the leading providers of high-end opportunities in the global law enforcement and firefighting protective clothing fabrics market. Over the coming years, their expanding industrial infrastructure and defense sectors are bound to give rise to a solid set of growth opportunities for several players within this market,” adds the analyst.

Key segments of the Global Law Enforcement and Firefighting Protective Clothing Fabrics Market

Law Enforcement and Firefighting Protective Clothing Fabrics Market: Application Analysis

  • Police
  • Fire Service
    • Turnout Gear
    • Wildlands Gear
    • Station Wear
  • Ambulance/EMT
  • Military
  • Others

 

The information presented in this review is based on a Transparency Market Research report, titled, “Law Enforcement and Firefighting Protective Clothing Fabrics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Antimicrobial Textiles Market Propelled For Need of Hygiene Products, Intensive Research Opens Avenues By 2026

The use of antimicrobial textiles is a new practice from the traditional use of antimicrobial products predominantly in healthcare environments. The antimicrobial textiles market is propelled by the need for hygiene products to counter the increasing number of infections. Technological advances for the development of superior antimicrobial fabrics, high demand in Asia Pacific, and increasing end-use applications are leading to the high growth of the antimicrobial textiles market. 

The production of antimicrobial textiles involves treatment with additives during the intermediate or finishing stage of production of the fabric. The method used is dependent on a multitude of factors, which includes the final utilization of the fabric, manufacturer’s capability, and budget considerations.

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Global Antimicrobial Textiles Market: Trends and Opportunities 

The top driver of the global antimicrobial textiles market is the increasing demand for high-performance and microbe resistant fabrics for an increasing number of application areas and technological developments for the production of such textiles. The entry of a large number of local players and persistent research and development efforts for the development of active ingredients that do not pass through the skin and are not harsh on the skin are further driving the market’s growth. 

Medical is expected to be the fastest-growing application segment of the market due to the rapid expansion of the healthcare industry worldwide, increasing usage of antimicrobial textiles in hospital settings, and rising consumer awareness about health and hygiene. Apparel is also expected to rise at a significant rate due to the growing demand for antimicrobial textiles for sportswear and inner garments. 

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On the flip side, the availability of chemicals such as triclosan that are commonly used in antimicrobial products for industrial operations could hamper the market’s growth to some extent. Moreover, strict environmental regulations in regional markets for the use of antimicrobial products that contain harmful chemicals will present growth challenges to the antimicrobial textiles markets in these regions. Fluctuations in raw material prices will further hinder the growth of this market. 

Global Antimicrobial Textiles Market: Regional Outlook 

Asia Pacific has emerged as one of the most promising markets for antimicrobial textiles over the past few years. The regional market of Asia Pacific has displayed the fastest growth in terms of volume as well as value and has been the focal point of technological advancements. In this region, the flourishing industrial sector, changing lifestyles, increasing demand for innovative textiles, and rise of affluent consumers are some of the major factors bolstering the demand for antimicrobial textiles. Moreover, the modernization of the healthcare industry in this region in response to the growing demand for hygienic and healthier products is further expected to boost the antimicrobial textiles market in the region. 

Global Antimicrobial Textiles Market: Competitive Landscape 

Some of the leading companies in the antimicrobial textiles market include SANITIZED AG, Sciessent LLC, The Dow Chemical Company, Trevira GmbH, Life Threads LLC, Unitika Trading Co. Ltd., BASF SE, Microban International Ltd., Milliken Chemical, Lonza Group AG, Herculite Products Inc., PurThread Technologies Inc., BioCote Ltd., and Vestagen Protective Technologies Inc. among others. 

Due to the high degree of competition and rising threat from local players, established players in this market are focused on mergers and collaborations, partnerships, and strategic alliances to enhance their geographical presence and improve product offerings. In the next few years, established players are expected to enter into strategic collaborations with vendors in Asia Pacific and Latin America as companies strive to exploit growth opportunities in these high-potential regions.

Global Paperboard Packaging Market: Thriving E-commerce Sparks Demand, finds TMR

The global paperboard packaging market is moderately fragmented and some of the key players are International Paper, NIPPON PAPER INDUSTRIES CO. LTD., WestRock Company, STORA ENSO, Smurfit Kappa Group, and Mondi. In 2015, the top six players held more than 60% of the market in 2015, says a recent study by Transparency Market Research. Some of the large companies have formed their own distribution channels through ancillary companies and joint ventures. Typically, these companies offer products through supply deals with suppliers and distributors. Some paperboard manufacturers have entered into partnerships with logistics companies to diversify operations and augment their presence across the value chain.

The global paperboard packaging market is expected to reach a valuation of US$227.47 bn at the end of 2024 displaying a 7.1% CAGR from 2016 to 2024. In 2015, the market stood at a valuation of US$122.69 bn.  

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Paperboard Packaging Market to Gain from Increasing Applications

By product, containerboard and boxboard are the segments of the market for paperboard packaging. The sub-segments of boxboard are folding boxboard (FBB), solid unbleached board (SUB), solid bleached board (SBB), and white line chipboard (WLC). Amongst these, WLC stood as the largest product sub-segment of boxboard market. On the other hand, containerboard stood as the largest product segment accounting for almost 82% of the global market in 2015. The containerboard market is expected to rise significantly due to their increasing demand from the emerging economies of Latin America and Asia Pacific.

On the basis of application, the market is divided into five segments: durable goods, food and beverages, non-durable goods, medical, and others. In 2015, food and beverages stood as the largest application segment in the global paperboard packaging market. The application segment is expected to display exemplary growth during the forecast period. Furthermore, development of the medical industry that exhibits a high demand for non-durable goods will benefit the paper packaging market.

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Asia Pacific Poised to Lead Global Market throughout Forecast Period

The global market for paperboard packaging is mainly concentrated owing to the fast economic development in emerging economies such as China and India. In 2015, Asia Pacific stood as the largest market for paperboard packaging, mainly due to the growth in the cosmetic and personal care and packaged food industries. The thriving e-commerce industry due to the easy access to the internet and rising disposable income has been a significant factor for the growth of the paperboard packaging market in this region. The region is expected to display the fastest growth followed by Latin America in the coming years.

North America and Europe are relatively mature markets for paperboard packaging, hence these regions will display sluggish growth in the coming years.

The increasing demand for sustainable packaging is driving the paperboard packaging market, as paperboard is an ideally suited sustainable packaging solution over metal and plastics. This is because paperboard is recyclable and renewable that is procured from managed tree farms and recycled paperboards. Paperboard packaging is available in various grades and displays unique characteristics as per the packaging needs.

Paperboard is utilizable for graphic printing owing to its superior printing surface. Due to this it is used as a information carrier and is useful for brand building initiatives across a range of industries such as medicine, cosmetics, food, and clothing.

The paperboard packaging market has been segmented as follows:

Paperboard Packaging Market – Product Analysis

  • Boxboard
  • Folding boxboard (FBB)
  • Solid bleached boxboard (SBB)
  • Solid unbleached boxboard (SUB)
  • White line chipboard (WLC)
  • Containerboard

Paperboard Packaging Market – Application Analysis

  • Food & beverages
  • Non-durable goods
  • Durable goods
  • Medical
  • Other (Including industrial goods, machinery, etc.)

 

The review presented is based on the findings of a Transparency Market Research report, titled “Paperboard Packaging 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.”

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.

Global Solder Flux Market: Increasing Production of PCBs to Reflect Positively on Sales: TMR

According to a new research study by Transparency Market Research (TMR), the rivalry between Johnson Matthey, Henkel AG & Co. KgaA, Heraeus Holding, and Kester define the competitive landscape of the global market for solder flux. A large number of established players with state-of-art technical capabilities operate in this highly fragmented market.

These players mostly benefit from their experience as they have gained proficiency in producing solder flux for electrical and electronic equipment. Going forward, they would engage more in mergers, acquisitions, and partnerships, which is likely to curtail the competition within this market a little in the near future, notes the study.

TMR estimates the global market for solder flux offered an opportunity worth US$213.2 mn in 2015. Rising at a CAGR of 6.30% during the period from 2016 to 2024, the value of this market is likely to touch US$367.3 mn by the end of the forecast period. The demand for solder flux has been exceptionally high from ball grid arrays (BGAs) and the scenario is expected to remain same over the forthcoming years.

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Rise in Automotive and Consumer Electronics Sectors to Ensure Dominance of Asia Pacific

The research report also presents a geographical assessment of the worldwide market for solder flux, according to which, the global market is spread across Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. Currently, Asia Pacific holds the topmost position in this market, thanks to the fast developing consumer electronics and automotive industries. Asia Pacific accounted for a share of more than 60% in the global shipment volume of solder flux in 2015.

With the steady growth of the printed circuit board (PCB) and the semiconductor industries, China has emerged as the key domestic market for solder flux in Asia Pacific and is likely to retain its position over the period of forecast. India is also expected to witness a steady rise in its market for solder flux in the near future, thanks to the increasing number of government initiatives, especially the “Make in India” project. The strengthening economic conditions in China, India, and other Asian countries are projected to support the Asia Pacific solder flux market substantially during the forecast period.

On the flip side, North America and Europe, which collectively, held a prominent share in the global market for solder flux previously, are likely to experience moderate declining due to the maturing state of the North American market and the economic instability in Europe over the next few years, states the research report.

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Rising Demand for Computers and Mobile Phones to Boost Application of Solder Flux in PCBs

“As a widespread range of solder flux products of various grades are employed in printed circuit boards (PCBs), the increasing production of PCBs, boosted by the augmenting demand for computers and mobile phones, will reflect positively on the sales of solder flux across the world over the forecast period,” says the author of this report.

Apart from this, the rise of the automotive and the semiconductor markets in the world, especially in the emerging economies, is also anticipated to boost the growth of this market in the near future. However, the easy availability of PCB design software may create obstacles in the growth trajectory of this market over the years to come, reports the study.

The report segments the global Solder Flux market as:

By Type

  • Water Soluble
  • No-Clean
  • Others

By Application

  • Ball Grid Array
  • Others

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

Global Sodium Borohydride Market: North America to Lead as Paper and Pulp Industry Shows Remarkable Progress, notes TMR

The global sodium borohydride market is dominated by very few players, thus making the competitive landscape fairly consolidated, observes Transparency Market Research. As of 2015, Kemira led the overall market with a stellar share of 38.3%. Vertellus Specialty Materials and Montgomery Chemicals have also been identified as important players in the market. These companies are expected to dominate the global market with their aggressive marketing strategies and intensive research and development.

According to the research report, the global sodium borohydride market is expected to reach a valuation of US$2.1 bn by the end of 2024 as compared to US$1.3 bn in 2015. Between the forecast years of 2016 and 2024, the global market is estimated to rise up at a CAGR of 5.3%.

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North America to Acquire Share of 34.5% in Global Market by 2024

The end users of sodium borohydride are industries such as pulp and paper, pharmaceuticals, textiles, metal recovery, organic chemical purification, and others such as electronic products and agrochemicals. Out of these segments, the paper and pulp industry is expected to constitute a major chunk of the global market. The overall paper and pulp industry is expected to be propelled by the rising demand for packaging products. This emerging trend is expected to contribute significantly to the increasing uptake of sodium borohydride in the coming years. The report states that the paper and pulp industry is expected to progress at a CAGR of 4.7% between 2016 and 2024.

In terms of geography, the global sodium borohydride market is segmented into regions such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these regions, North America holds a major share in the overall market. Despite a marginal slump, this regional market is estimated to boast a share of 34.5% by the end of 2024 in the global market. The flourishing paper and pulp industry in North America is expected to boost the region’s consumption of sodium borohydride in the near future.

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Increasing Focus on Healthcare Industry Indicates Rise in Uptake of Sodium Borohydride

The key growth driver for the global sodium borohydride market is the soaring demand for this raw material in the pharmaceutical industry. The increasing focus on the healthcare industry is anticipated to increase the investments in the research and development of antibiotics, which in turn, is expected have a positive reflection on the demand for sodium borohydride. The researchers also attribute the progress of the global sodium borohydride market on the booming paper and pulp industry. “The global paper and pulp industry is expected to progress at a pace of 1.5%-2% every year, which is anticipated to be the major driving force for the sodium borohydride market,” states the lead author of this research report.

Safety Issues in Handling Sodium Borohydride to Challenge Market Growth

The steady growth rate of the global sodium borohydride market is likely to face a few hurdles during the forecast period. For instance, the overall market will be challenged by the growing awareness about the hazardous impact of sodium borohydride on human health. It is a well-known fact that if safety regulations pertaining to handling chemicals are not followed it can lead to irritation to eyes, respiratory tract, and skin. Thus, in light of dangers pertaining to the handling of this chemical, manufacturers could opt for safer alternatives.

The global sodium borohydride market has been segmented as follows:

Sodium Borohydride Market – End-use Analysis

  • Pharmaceuticals
  • Pulp & Paper
  • Metal Recovery
  • Textiles
  • Oranic Chemical Purification
  • Others (agrochemicals, electronic products etc.)

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

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.’

Tire Chemicals Market: Largely Driven By the Growing Automotive Industry, Analysis by 2016 – 2026

A tire can be made of various materials such as natural rubber, synthetic rubber, synthetic textile, carbon black, fillers, stearic acid, zinc oxide, plasticizers, accelerators, and antioxidants. Although the major components of tire are natural rubber and synthetic rubber, various tire chemicals play an important role in tire manufacture. The raw materials used for this manufacture depend upon the type of tire and its intended usage.

Tires can be classified into two basic types: on-road tires and off-the-road tires. Apart from the tire type, the composition of tire also depends upon the geographical conditions in which the tire is to be used mostly. Hence, depending upon geographical conditions and the type of tire, chemicals used in tire production vary. Tire chemicals used in formulations modify the properties such as elasticity, traction, rolling resistance, and weight of the tire. 

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Highly common rubber chemicals used in the tire production are carbon black, sulfur, silica, stearic acid, antioxidants, zinc oxide, fillers, and other plasticizers. Amongst all available tire chemicals, carbon black is primarily used in the manufacture of tires. However, owing to different environmental regulations and the increasing demand for green tires, the market for carbon black is expected to be hampered significantly during the forecast period.

Specialty silica such as highly dispersible silica has unique properties that reduce the rolling resistance of tires and thereby, the fuel consumption of the automobile. Silica is partially replacing carbon black in the tire manufacturing industry, due to its ability to reduce the rolling resistance and weight of the tire. This trend is expected to continue during the forecast period. 

Demand for various tire chemicals is largely driven by the growing automotive industry. The tire industry has witnessed various deviations and developments over the last decade. Continuous demand from the automotive industry for specific application tires has offered lucrative opportunities to manufacturers of tire chemicals to innovate and develop chemicals that serve specific purposes. This trend of innovations and development is expected to continue during the forecast period. However, sluggish growth of the automotive industry is expected to hamper the tire industry and the tire chemicals market during the forecast period. 

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In terms of geography, the global tire chemicals market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global tire chemicals market during the forecast period, owing to excessive demand from the region. North America and Europe are likely to follow Asia Pacific. However, the market in these regions is likely to expand at a slow pace during the forecast period, due to sluggish growth of the end-user industries. The tire chemicals market in Latin America is projected to witness significant growth during the forecast period, due to the growth of automotive and tire industries in the region. The market in Middle East & Africa is estimated to expand at a moderate rate during the forecast period. 

The global tire chemicals market is considerably fragmented; however, a few manufacturers dominate the market. Some of the key players operating in the global tire chemicals market include Eastman Chemical Company, Cabot Corporation, Wacker Chemie AG, Dow Corning Corporation, and Momentive Materials.

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.

Paperboard Packaging Market to Reach US$227.47 bn by 2024, Growth Attributable to Strong Demand from F&B Industry

Paperboard is a thick paper-based material manufactured through wood pulp. It is generally thicker than paper. According to the International Organization for Standardization, a paper can be considered as paperboard if the weight is above 224 g/m2. Paperboard is a renewable and recyclable resource that is sourced from the managed tree farms and recycled paperboards.

Paperboard can be single ply or multi-ply, depending on its usage. It is engineered to be strong, yet lightweight and can be easily cut and formed according to the need of the user. Paperboard can also be employed in graphic printing due to its good printing surface. It can be used as information carrier for brand building and finds its application in cosmetics, medicine, and food, clothing industries.  

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Paperboard packaging is available in several different grades and offers unique characteristics depending on the packaging requirements. In terms of application, paperboard is divided into two major categories: containerboard and boxboard. Boxboards are used for products such as milk cartons, cereal boxes, shoe boxes, and frozen foods. Depending on application, boxboard is further sub-divided into folding boxboard (FBB), solid bleached board (SBB), solid unbleached board (SUB), and white line chipboard (WLC).

In 2014, WLC was the largest product sub segment of boxboard market. Constant rise in demand for packaged food products is expected to boost the demand for paperboard packaging during the forecast period. Containerboard was the largest product segment of the paperboard packaging market, accounting for approximately 82% share in 2015.

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Increasing trend of e-commerce and growth of the market drivers has anticipated to augment the demand for corrugated packaging during the forecasted period. The global paperboard packaging market is mainly concentrated in Asia Pacific due to faster growth in economies such as India and China. In terms of application, the paperboard packaging market has been divided into five segments: food & beverages, non-durable goods, durable goods, medical, and others. Food & beverages was the largest application segment in 2015.    

The paperboard packaging market has been segmented as follows: 

  • Paperboard PackagingMarket – Product Analysis
    • Boxboard
      • Folding boxboard (FBB)
      • Solid bleached boxboard (SBB)
      • Solid unbleached boxboard (SUB)
      • White line chipboard (WLC)
    • Containerboard
  • Paperboard PackagingMarket – Application Analysis
    • Food & beverages
    • Non-durable goods
    • Durable goods
    • Medical
    • Other (Including industrial goods, machinery, etc.)  

Major players operating in the paperboard packaging market include International Paper, STORA ENSO, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa Group, WestRock Company, and Mondi. 

Nitrogen Nutrients Market: Rising Population Propels Demands for Food and Agriculture Industry, Analysis By 2024

Nitrogen nutrients are primary macronutrients essential for the growth and development of plants. They are usually obtained from nitrogen-rich soil and therefore also called soil nutrients. Nitrogen is commonly found in the chlorophyll and chloroplast of plant cells. A majority of plants cannot fix nitrogen directly from the atmosphere and thus absorb nitrogen nutrients from the soil in the form of nitrate ions or ammonia ions.

Plants often have a symbiotic relation with nitrogen-fixing bacteria, which convert inert atmospheric nitrogen into ammonia and other nitrogen derivatives which are absorbed by the host plants. However, for improved growth of plants and high yield, nitrogen nutrients are added in the form of fertilizers, supplements, soil conditioners, and soil amendments.

The rising global population propels the demand for food and agriculture, and by extension, plant nutrients. Nitrogen is a highly essential nutrient for healthy plant growth and the demand for these nutrients is expected to rise significantly over the forecast period. Substantial progress in the agrochemical and fertilizer sectors is likely to drive the market for nitrogen nutrients.

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Furthermore, the global consumption of nutrients stood at 245 million tons as of 2015 and is anticipated to amount to 270 million tons by 2020, indicating a significant opportunity for nitrogen nutrients in several regions. However, as of 2015 and 2016, cereal harvest was largely hampered due to unfavorable climatic conditions and low prices for the yield, which affected the demand for agriculture commodities including nitrogen nutrients, impacting the nutrient and fertilizer markets all around the world.

The market for nitrogen nutrients is bifurcated by source into the natural and man-made categories. Natural sources for nitrogen nutrients are further divided into animal by-products and plant-derived materials. The former include compost manure, poultry manure, blood meal, fish emulsion, and crab meal, whereas plant-derived materials comprise alfalfa meals, soybean meals, and cottonseed meals. Man-made sources usually include fertilizers, soil amendments, and soil supplements, as well as processed mineral salts such as Chilean nitrate. However, prolonged usage of minerals may damage water tables due to high leaching. Yet, fertilizers remain a significant source of nitrogen nutrient for plants and agriculture. More than 70% of demand for plant nutrients is satisfied by fertilizers globally, of which a significant share is accounted by urea.

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In terms of geography, the market is distributed over Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are projected to witness significant capacity expansions over the next few years. Government policy changes and developments largely affect the nutrients market. Europe, India, China, and Africa underwent major policy alterations. China, for instance, adopted a zero-growth policy which limits fertilizer and nutrient consumption to only 1% per annum, affecting the entire market in Asia Pacific.

China recently seized operations of its ammonia production capacities worth 15 million tons, ultimately stagnating the growth of entire East Asia. Europe also implemented a circular economy model to reduce its waste and provided significant subsidies for the recycling and re-use of nutrient sources. However, Africa and North America are estimated to increase their production of urea over the forecast period.

Key players in the nitrogen nutrients market include T.STANES & COMPANY LIMITED, K+S AKTIENGESELLSCHAFT, Agrium Inc., CF Industries, Belaruskali, Mosaic, and PotashCorp.