Advanced materials usually outperforms other conventional materials with their superior properties such as toughness, hardness, durability and elasticity. The development of advanced materials has lead to the design of completely new products from wa ....see more
The global 3D printing materials market size is expected to grow 4.5 billion by 2025, at a CAGR of 23.5% during the forecasting period. Major 3D printing material manufacturers are 3D Systems Corporation (US), Stratasys (US), Arkema SA (France), Materialise NV (Belgium), Evonik Industries AG(Germany), and General Electric (US).
The protective clothing market is expected to grow USD 12.3 billion by 2025, at a CAGR of 6.9% during the forecasting period. The key market players profiled in the report include as 3M Company (US), E.I. du Pont de Nemours and Company (US), Ansell Limited (US), Kimberly Clark Corp (US), Teijin Limited (Japan), Sioen Industries (Belgium), and Lakeland Industries, Inc. (US).
The global synthetic paper market size is expected to grow USD 819 million by 2025, at a CAGR of 9.2% during the forecasting period. Major players operating in the global synthetic paper market include PPG Industries, Inc. (US), Seiko Epson Corporation (Japan), Agfa-Gevaert Group (Belgium), Yupo Corporation (Japan), Arjobex SAS (France), American Profol Inc. (US), Hop Industries Corporation (US), Relyco Sales, Inc. (US), Transilwrap Company, Inc. (US), MDV-Papier-und Kunststoffveredelung GmbH (Germany), Cosmo Films Ltd. (India), Neenah Inc. (US), Toyobo Co. Ltd. (Japan), Hwaseung Industries Co., Ltd. (South Korea), Innovia Films (UK), Nan Ya Plastics Corporation (Taiwan), Valeron Strength Films (US), Aluminium Feron GmbH & Co. KG (Germany), Huanyuan Plastics Film Co., Ltd. (China), Tamerica Products Inc. (US), Ruian Rifo Packaging Material Co., Ltd. (China), Kaveri Metallising & Coating Industries Pvt. Ltd. (India), Shijiazhuang Dadao Packaging Materials Co., Ltd. (China), Elastin International Corporation (Taiwan), Masterpiece Graphix (US).
The global aramid honeycomb core materials market size in the transportation industry is expected to grow USD 338 million by 2025, at a CAGR of 10.0% during the forecast period. The key players in the market include Hexcel Corporation (US), Euro-Composites S.A. (Luxembourg), The Gill Corporation (US), Plascore, Inc. (US), Argosy International, Inc. (US), Showa Aircraft Company Ltd. (Japan), Tasuns Composites Co. Ltd. (China), and Schutz Composite GmbH (Germany). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the aramid honeycomb core materials market in the transportation industry.
The market size for foam plastics is expected to grow USD 65.4 billion by 2025, at a CAGR of 4.8% during the forecasting period. The key players profiled in the foam plastics market report are BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US), and Wanhua Chemical Group Co., Ltd. (China).
The global reactive diluents market size is expected to grow USD 1,309 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period. Major companies in the reactive diluents market are Hexion (US), Huntsman Corporation (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (India), Evonik Industries (Germany), Adeka Corporation (Japan), Cargill (US), EMS-Griltech (Switzerland), Olin Corporation (US), Sachem (US), Arkema (France), Bluestar Wuxi Petrochemical (China), Atul Chemicals (India), Cardolite (US), DIC Corporation (Japan), Hubei Phoenix Chemical Company (China), Ipox Chemicals (Hungary), Sakamoto Yakuhin Kogyo (Japan), Geo Specialty Chemicals (US), BASF SE (Germany), Nippon Shokubai Co. Ltd (Japan), Air Products and Chemicals (US), Royce (US), King Industries (US), and Leuna-Harze (Germany).
The global ceramic sanitary ware market size is expected to grow USD 44.6 billion by 2025, at a CAGR of 6.8% during the forecasting period. The key market players profiled in the report include Geberit Group (Switzerland), Kohler Co. (US), TOTO Ltd. (Japan), LIXIL Group Corporation (Japan), Roca Sanitario SA (Spain), Villeroy & Boch AG (Germany), RAK Ceramics (UAE), Duravit AG (Germany), Duratex SA (Brazil), and HSIL (India).
The colorless polyimide films market is expected to grow USD 379 million by 2025, at a CAGR of 76.0% from 2020 to 2025. E. I. du Pont de Nemours and Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Company Ltd. (Japan) are the key players in this market. Other noteworthy public and private players in this market are Wuhan Imide New Materials Technology Co., Ltd. (China), Industrial Summit Technology (Japan), NeXolve Holding Company (US), Wuxi Shunxuan New Materials Co., Ltd. (China), and Suzhou Kinyu Electronics Co., Ltd. (China). These players have adopted strategies such as expansions and new product development to enhance their position in the market.
The global carbon fiber tape market size is expected to grow USD 2.6 billion by 2025, at a CAGR of 12.0%. The key players in the market include Teijin Ltd. (Japan), Toray Industries, Inc (Japan), Hexcel Corporation (US), Mitsubishi Chemical Holdings (Japan), and SGL Group (Germany). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the carbon fiber tape market.
The global core materials market size is expected to grow USD 2.3 billion by 2025, at a CAGR of 13.5% during the forecasting period. The key players in the market include 3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell International S.A. (Luxembourg), Euro-Composites S.A. (Luxembourg), and Changzhou Tiansheng New Materials Co. Ltd. (China). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the core materials market.
The COVID-19 Impact on Composites Market is expected to grow from USD 90.6 billion in 2019 to USD 82.9 billion by 2021 at a compound annual growth rate (CAGR) of 4.4% during the forecast period. The key players in the global composites market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), Koninklijke Ten Cate bv. (Netherlands), Huntsman International LLC. (US), and Solvay (Belgium).
The COVID-19 Impact On medical plastics market is expected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021 at a compound annual growth rate (CAGR) of 17.2% during the forecast period.SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading market players in the global medical plastics market. CSR activities, increase in production, and partnerships were the major growth strategies adopted by the market players during this period to enhance their regional presence and meet the growing demand for medical plastics in the affected regions.
The long fiber thermoplastics market is expected to grow from USD 2.8 billion in 2020 to USD 4.6 billion by 2025 at a compound annual growth rate (CAGR) of 10.5% during the forecast period.The key players in the global long fiber thermoplastics market are Celanese Corporation (US), SABIC (Saudi Arabia), Lanxess AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings (Japan), PlastiComp Inc. (US), Daicel Polymer Ltd. (Japan), Asahi Kasei Corporation (Japan), RTP Company Inc.(US), and Solvay (Belgium).
The coating resins market is expected to grow from USD 38.7 billion in 2020 to USD 48.8 billion by 2025 at a compound annual growth rate (CAGR) of 4.7%. during the forecast period.Arkema (France), BASF (Germany), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (US), and The Sherwin-Williams Company (US) are the major players in the coating resins market. Some of the other players operating in the market include Evonik Industries AG (Germany), Polynt-Reichhold (Italy), and Covestro (Germany).
The phenolic panel market is expected to grow from USD 1.7 billion in 2020 to USD 2.4 billion by 2025 at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The key players in the global phenolic panel market are Kingspan Group (Ireland), Wilsonart LLC(US), Asahi Kasei Corporation (Japan), Fiberesin Industries Inc. (US), Broadview Holding B.V. (Netherlands), Fundermax GmbH (Austria), Bobrick Washroom Equipment, Inc. (US), Werzalit of America, Inc. (US), ASI Group (US), and General Partitions Mfg. Corp. (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the phenolic panel industry. The study includes an in-depth competitive analysis of these companies in the phenolic panel market, with their company profiles, recent developments, and key market strategies.
The refrigeration insulation materials market is expected to grow from USD 3.6 billion in 2020 to USD 4.8 billion by 2025 at a compound annual growth rate (CAGR) of 6.0%. during the forecast period.The key players in this market are Armacell (Germany), Owens Corning (US), Kingspan Group Plc (Ireland), Morgan Advanced
The impregnating resins market is expected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a compound annual growth rate (CAGR) of 6.5%. during the forecast period.Elantas (Germany), Axalta Coating Systems (US), Voll Roll Holdings (Switzerland), Kyocera Corporation (Japan), Henkel (Germany), and Hitachi Chemical Co., Ltd. (Japan) are some of the leading players with a substantial market share. Investment & expansion, agreement & collaboration, and new product launch were the major growth strategies adopted by the market players between 2017 and 2019 to enhance their product portfolio and meet the growing demand for impregnating resins in the emerging economies.
The market for nanocellulose is expected to grow USD 783 million by 2025, at a CAGR of 21.3% during the forecasting period. The major vendors in the nanocellulose market include Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce INC (Canada), Kruger INC (Canada), Stora Enso (Finland), Rise Innventia (Sweden), American Process Inc. (US), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan), VTT (Finland), and Sappi (South Africa).
The Ion Exchange Resins Market is expected to grow from USD 1.8 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 4.2% during the forecast period. Major players operating in the global ion exchange resins market include DuPont de Nemours, Inc., (US), Lanxess (Germany), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), Thermax Limited (India), Ion Exchange (India) Ltd. (India), Novasep Holding (France), Samyang Corporation (South Korea), ResinTech Inc., (US), and Bio-Rad Laboratories, Inc. (US).
The electric vehicle insulation market is expected to grow from USD 1.3 billion in 2019 to USD 4.2 billion by 2024, at a compound annual growth rate (CAGR) of 26.7% during the forecast period.The key market players profiled in the report include as BASF SE (Germany), 3M (US), Morgan Advanced Materials (UK), DuPont (US), Zotefoams plc (UK), Unifrax (US), Saint-Gobain (France), Von Roll Holding AG (Switzerland), Autoneum (Switzerland), Alder Pelzer Holding GmbH (Germany), Elmelin Ltd. (UK), Pyrophobic Systems Ltd. (Canada), Techman Advanced Material Engineers (UK), and Marian Inc. (US).
The flat steel market is expected to grow from USD 434.8 billion in 2019 to USD 580.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.9% during the forecast period.ArcelorMittal (Luxembourg), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), POSCO (South Korea), China Baowu Steel Group Corporation Limited (China), Shougang Group Co., Ltd., (China), SSAB AB (Sweden), JFE Steel Corporation (Japan), HBIS Group (China), ThyssenKrupp AG (Germany), and Voestalpine Group (Austria) are some of the major players in the flat steel market. These players have been focusing on strategies such as expansions, acquisitions, new product launches, contracts, and collaborations that help them expand their businesses in untapped and potential markets. They have been adopting various organic and inorganic growth strategies to enhance their position in the flat steel market.
The concrete repair mortars market is expected to grow from USD 2.1 billion in 2019 to USD 2.8 billion by 2024, at a compound annual growth rate (CAGR) of 6.1%. during the forecast period.The key companies profiled in the concrete repair mortars market research report are Sika AG (Switzerland), Fosroc International Ltd. (UK) , BASF SE (Germany), Mapei SpA (Italy), Saint-Gobain Weber S.A. (France), Pidilite Industries Ltd. (India), Flexcrete Technologies Ltd.(UK), Remmers Baustofftechnik GmbH (Germany), The Euclid Chemical Co. (UK), and Adhesive Technology Corp. (US)
The polymer coated fabrics market size is expected to grow USD 20.1 billion by 2024, at a CAGR of 4.3% during the forecasting period. The key market players profiled in the report include Continental AG (Germany), Spradling International Inc. (US), Seaman Corporation (US), Saint-Gobain SA (France), Trelleborg AB (Sweden), Sioen Industries NV (Belgium), Serge Ferrari Group (France), Low & Bonar Plc (UK), and OMNOVO Solutions Inc. (US).
The fiber optics market is expected to grow from USD 4.3 billion in 2019 to USD 6.9 billion by 2024, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.The key market players profiled in the report include Corning Incorporated (US), Prysmian Group (Italy), Finisar (US), AFL Global (US), Sumitomo Electric Industries, Ltd (Japan), LS Cable & System (South Korea), Leoni AG (Germany), Furukawa Electric Co. Ltd. (Japan), General Cable Corporation (US), Sterlite Technologies Limited (India), and Optical Cable Corporation (US).
The global nucleating and clarifying agents market size is expected to grow USD 3.8 billion by 2024, at a CAGR of 6.1% during the forecasting period. Some of the leading manufacturers of nucleating and clarifying agents profiled in this report include Milliken & Company (US), ADEKA CORPORATION (Japan), BASF SE (Germany), Clariant AG (Switzerland), PolyOne Corporation (US), Imerys S.A. (France), Zibo Rainwell Chemical Industry Co., Ltd. (China), GCH Technology Co., Ltd. (China), Plastiblends India Limited (India), and New Japan Chemical Co., Ltd. (Japan).
The Medical Plastics Market is expected to grow from USD 22.8 billion in 2019 to USD 31.7 billion by 2024, at a compound annual growth rate (CAGR) of 6.8%. during the forecast period.SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading market players. New product launch, agreement & collaboration, investment & expansion, and merger & acquisition were the major growth strategies adopted by the market players between 2017 and 2019 to enhance their regional presence and meet the growing demand for medical plastics in the emerging economies.
The armor materials market is expected to grow from USD 10.7 billion in 2019 to USD 15.2 billion by 2024, at a compound annual growth rate (CAGR) of 7.2%. during the forecast period.The key players profiled in the report include DuPont de Nemours, Inc (US), Koninklijke DSM N.V. (Netherlands), Honeywell International Inc. (US), 3M Company. (US), Saab AB (Sweden), and Koninklijke Ten Cate BV (Netherlands).
The thermoplastic polyurethane Market is expected to grow from USD 2.5 billion in 2019 to USD 3.5 billion by 2024, at a compound annual growth rate (CAGR) of 7.1%. during the forecast period.The key players in the TPU market include BASF SE (Germany), Lubrizol Corporation (US), Covestro AG (Germany), Huntsman Corporation (US), Wanhua Industrial Group (China), COIM Group (Italy), American Polyfilm Inc (US), Kuraray Co., Ltd (Japan), and Polyone Corporation (US). These players have established a strong foothold in the market by adopting strategies such as investment, expansion, joint venture, new product launch, partnership, and acquisition.
The ePTFE market is expected to grow from USD 816 million in 2019 to USD 1,105 million by 2024, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.W.L. Gore & Associates, Inc. (US), Donaldson Company, Inc. (US), Teadit (Austria) Zeus Industrial Products, Inc. (US), Dexmet Corporation (US), Phillips Scientific, Inc. (US), Rogers Corporation (US), Poly Fluoro Ltd (India), Markel Corporation (US), Shanghai Lanle Plastics Co., Ltd (China), are the key players operating in the ePTFE market.
The PAEK market is expected to grow from USD 851 million in 2019 to USD 1,149 million by 2024, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.Victrex PLC (UK), Solvay (Belgium), Evonik Industries AG (Germany), Arkema SA (France), Celanese Corporation (US), Gharda Chemicals Limited (India) and Panjin Zhongrun High-Performance Polymers Co. Ltd. (China), are the leading PAEK manufacturers, globally.
The geofoams market is expected to grow from USD 786 million in 2019 to USD 1,069 million by 2024, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.Carlisle Construction Types (CCM) (US), Amvic Building Systems (Canada), ACH Foam Technologies, LLC (US), Jablite (UK), Expol Ltd. (New Zealand), Foam Products Corporation (US), Harbor Foam (US), Airfoam Industries Ltd. (Canada), Pacific Allied Products Ltd. (US), Thermafoam LLC (US), Groupe Legerlite Inc. (Canada), and Insulation Corporation of America (US) are some of the leading players operating in the geofoams market. These players have adopted the strategies of expansions, acquisitions, new product launches, partnerships, and agreements to enhance their position in the market.
The glycolic acid market is expected to grow from USD 280 million in 2019 to USD 395 million by 2024, at a compound annual growth rate (CAGR) of 7.2%. during the forecast period.The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China) are the major players in the glycolic acid market.
The paint protection films market is expected to grow from USD 242 million in 2019 to USD 341 million by 2024, at a compound annual growth rate (CAGR) of 7.1% during the forecast period.Key players in the paint protection films market are 3M Company (US), XPEL, Inc. (US), Eastman Performance Films, LLC (US), and Hexis S.A. (France), and 20 others are considered for the study.
The Carbon Fiber Market is expected to grow from USD 4.7 billion in 2019 to USD 13.3 billion by 2029, at a compound annual growth rate (CAGR) of 11.0% during the forecast period.Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), and DowAksa (Turkey) were some of the key players in the global carbon fiber market. These players have adopted various organic and inorganic developmental strategies over the past five years.
The aerospace foams market is expected to grow from USD 4.4 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 8.2% during the forecast period.BASF SE (Germany), Evonik Industries AG (Germany), Boyd Corporation (US), Rogers Corporation (US), FoamPartner (Switzerland), Armacell International S.A. (Luxembourg), SABIC (Saudi Arabia), ERG Materials and Aerospace Corp (US), UFP Technologies, Inc. (US), Zotefoams Plc (UK), General Plastics Manufacturing Company (US), Solvay SA (Belgium), Pyrotek Inc. (US), and Greiner AG (Austria) are some of the leading players operating in the aerospace foams industry. These players have adopted the strategies of expansions, acquisitions, new product launches, investments, new technology developments, partnerships, mergers, collaborations, and agreements to enhance their position in the market.
The geotextile tubes market is expected to grow from USD 2.1 billion in 2019 to USD 3.3 billion by 2024, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.Some of the leading players in the global geotextile tubes market include Ace Geosynthetics (Taiwan), Officine Maccaferri (Italy), Low & Bonar (UK), Flexituff Ventures International Limited (India), TechFab India Industries Ltd (India), Geofabrics Australasia Pty Ltd (Australia), Koninklijke TenCate (Netherlands), NAUE GmbH & Co. KG (Germany), Huesker (Germany), Fibertex Nonwovens (Denmark), among various others
The steel wire rope & plastic rope market is expected to grow from USD 11.3 billion in 2019 to USD 14.5 billion by 2024, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.WireCo WorldGroup Inc. (US), Bekaert SA (Belgium), Tuefelberger Holding AG (Austria), Cortland Limited (US), DSR (South Korea), Samson Rope (US), Usha Martin (India), Samson Ropes Technologies Inc. (US), Jiangsu Langshan (China), and Marlow Ropes Ltd. (UK) were some of the key players in the global steel wire rope & plastic rope market. These players have adopted various organic and inorganic developmental strategies over the past five years.
The PVB interlayers market size is projected to grow USD 4.4 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%, during the forecast period. The leading players in the PVB interlayers market are Eastman Chemical Company (US), Kuraray (Germany), Sekisui Chemicals (Japan), Everlam (Belgium), Genau Manufacturing Company (India), KB PVB (China), Chang Chun Group (China), DuLite (China), Huakai Plastic (China), Willing Lamiglass Materials (China), Jiangsu Darui Hengte Technology (China), and Tiantai Kanglai Industrial (China).
The LTCC Market and HTCC Market is expected to grow from USD 916 million in 2019 to USD 1.1 billion by 2024, at a CAGR of 4.5% during the forecast period. Some of the prominent players in the LTCC market and HTCC market are KYOCERA Corporation (Japan), DowDuPont Inc. (US), Murata Manufacturing Co., Ltd. (Japan), KOA Corporation (Japan), TDK Corporation (Japan), Hitachi Metals, Ltd. (Japan), Yokowo Co., Ltd. (Japan), NGK SPARK PLUG CO., LTD. (Japan), MARUWA Co., Ltd. (Japan), Micro Systems Technologies (Switzerland), and NIKKO COMPANY (Japan). The strategies undertaken by these players include partnerships, new product developments, and acquisition.
The ceramic matrix composites market is projected to grow from USD 9.4 billion in 2019 to USD 23.3 billion by 2029, at a CAGR of 9.5 % between 2019 and 2029. The market is growing due to the high demand from aerospace & defense, automotive, and energy & power end-use industries.General Electric Company (US), Rolls-Royce (UK), SGL Carbon (Germany), United Technologies (US), COI Ceramics (US), Lancer Systems (US), CoorsTek (US), Applied Thin Films (US), Ultramet (US), and CFC Carbon (China).
The market size of silicon nitride is projected to grow from USD 90 million in 2018 to USD 127 million by 2023, at a CAGR of 7.2% during the forecast period. Silicon nitride (Si3N4) is an inorganic, non-metallic compound of silicon and nitrogen. It is used as a ceramic material. It offers excellent resistance against abrasion, corrosion, and most chemicals. Among the advanced ceramics, silicon nitride has the highest fracture resistance than other advanced ceramic. Hence, these desirable properties make silicon nitride a suitable material for use in end-use industries such as solar photovoltaic, automotive, general industrial, aerospace, and medical among.UBE (Japan), Denka (Japan), AlzChem (Germany), H.C. Starck (Germany), Yantai Tomley Hi-Tech Advanced Materials Co. Ltd (China), and Vesta Si (Sweden). The leading players for the fabrication of silicon nitride are 3M (US), CeramTec (Germany), Kyocera Fine Ceramics (Japan), Morgan Advanced Ceramics (UK), Toshiba (Japan), Rogers Corporation (US), and CoorsTek (US).
The microporous insulation market is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a CAGR of 4.7%, during the forecast period. Microporous insulation is a composite material comprising a blend of ceramic powders and fibers, with an average interconnecting pore size comparable to or even less than mean free path of air molecules at standard atmospheric pressure. The microporous insulation material is inorganic in nature, making it non-combustible and suitable for passive fire protection applications. The growing industrialization in Asia Pacific and South America and increasing oil & gas production in countries, such as the US, Saudi Arabia, Iran, and Russia drive the demand for microporous insulation. The requirement for high thermal insulation products in various applications, such as industrial, oil & gas, energy & power also drive the demand for microporous insulation.Promat International N.V. (Belgium), Morgan Advanced Materials plc (UK), Isoleika S. Coop. (Spain), Unicorn Insulations Limited (China), Guangzhou Huineng Environmental Protection Materials Co. Ltd. (Siltherm) (China), NICHIAS Corporation (Japan), ThermoDyne (US), Unifrax (US), Elmelin Ltd. (UK), and Johns Manville (US).
The basalt fiber market is projected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% between 2019 and 2024. The market is growing due to the high demand from construction & infrastructure, automotive & transportation, and electrical & electronics end-use industries.Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China).
The aerospace plastics market is projected to grow from USD 14.7 billion in 2018 to USD 20.7 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period. The growth of the aerospace plastics market can be attributed to the growth in the commercial and general & business aircraft segment.SABIC (Saudi Arabia), Victrex (UK), Drake Plastics Ltd. (US), Solvay (Belgium), BASF SE (Germany), and Evonik (Germany)
The market for specialty polystyrene resin is estimated to grow from USD 111 million in 2018 to USD 126 million by 2023, at a CAGR of 2.64% during the forecast period. The demand for protection function from various applications is expected to drive the specialty polystyrene resin market. Focus on the reduction of greenhouse gas emissions and strict government regulations on the construction of energy-efficient buildings are expected to drive the demand for specialty polystyrene resin. The growth of the market is driven by increasing use of packaging for performance and environmental reasons in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina.Sekisui Plastics Co., Ltd. (Japan), NOVA Chemicals Corporation (Canada), Synthos (Poland), BASF SE (Germany), SUNPOR KUNSTSTOFF GmbH (Austria), Atlas EPS (US), VERSALIS (Italy), SABIC (Saudi Arabia), LG Chem, Ltd. (South Korea), BEWiSynbra Group AB (publ) (Sweden), Samsung Fine Chemicals Co., Ltd (South Korea), Total S.A. (France), and Trinseo (US).
The tank insulation market size is estimated to be USD 5.2 billion in 2018 and is projected reach USD 6.5 billion by 2023, at a CAGR of 4.50% between 2018 and 2023. Tank insulation is a material or combination of materials that add a protective covering to tanks and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperature. The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia drives the demand for tank insulation. Also, stringent regulations to insulate tanks drive the demand for tank insulations. The key market players profiled in the report include Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Cabot Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany).
The market size of silicone film is to be USD 794 million in 2018 and is projected to reach USD 1,087 million by 2023, at a CAGR of 6.5%, from 2018 to 2023. The high growth of end-use industries consuming silicone film across the world coupled with efficient and superior properties of these silicone films is driving the market. The key players in the silicone film market include Wacker Chemie (Germany), Mitsubishi Chemical Corporation (Japan), Elkem (Norway), Momentive Performance Materials (US), and DowDuPont (US). These players have established a strong foothold in the market by adopting strategies, such as expansion, new product launch, and merger & acquisition.
The pipe insulation market is projected to grow from USD 8.7 billion in 2018 to USD 10.3 billion by 2023, at a CAGR of 3.4% during the forecast period. Pipe insulation is a material or combination of materials that add a protective covering to pipes and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperature. The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia drives the demand for pipe insulation. Also, the presence of stringent regulations to insulate pipelines drive the demand for pipe insulation.Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Huntsman Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany).
The market for subsea thermal insulation materials is projected to grow from close to USD 77 million in 2018 to more than 93 million by 2023, at a CAGR of 4.0% during the forecast period. Subsea thermal insulation materials are widely used to insulate equipment, components, and pipelines used in subsea oil & gas operations. The major driving factors for the market are the recovery of the oil & gas industry and the increasing number of subsea projects.
The electronic films market is projected to grow from USD 7.6 billion in 2018 to USD 10.2 billion by 2023, at a CAGR of 6.0% during the forecast period. The market is growing due to the high demand for electronic displays from smartphones, tablets, and other similar consumer electronic devices. Electronic films are used in this application as they exhibit properties such as chemical resistance, high-temperature tolerance, low coefficient of friction, optical transparency, conductivity, UV & weather resistance, moisture resistance, high insulation, low surface energy, and low dielectric constant. The electronic films market comprises major solution providers, such as DowDuPont (US), Toray Industries Inc. (Japan), Gunze (Japan), Nitto Denko Corporation (Japan), Saint-Gobain S.A. (France), The Chemours Company (US), Toyobo Co, Ltd. (Japan), Teijin Ltd. (Japan), TDK Corporation (Japan), and 3M (US).