Chemical industry is one of the oldest industries within manufacturing. It not only plays a crucial role in meeting the day to day needs of the common man, but also contributes significantly towards industrial and economic growth of a nation. The glo ....see more
The surface protection tapes market is projected to grow from USD 12.3 billion in 2019, to reach USD 18.0 billion by 2024, recording a CAGR of 8.0% from 2019 to 2024. The demand for surface protection tapes is driven by the growing use of these tapes due to their durability, ease of application, and ease of removal properties. In addition, advancement in the adhesive tapes technology is projected to offer opportunities for the growth of this market.Toray Industries, Inc. (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), DowDuPont (US), Chevron Phillips Chemical Company (US), Nitto Denko Corporation (Japan), 3M (US), Berry Global Inc. (US), Avery Dennison (US), and Compagnie de Saint-Gobain S.A. (France)
The hot melt adhesive tapes market size is projected to grow from USD 15.5 billion in 2019 to USD 21.7 billion by 2024, at a CAGR of 7.0%, during the forecast period. The market is witnessing a high growth due to the growing use of hot melt adhesive tapes in diverse applications. The increasing adoption of hot melt adhesive technology is also leading to the growth of the market.3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (US), Scapa Group plc (UK), LINTEC Corporation (Japan), ACHEM Technology Corporation (Taiwan), TE Connectivity Ltd (Switzerland)
The antistatic agents market is projected to grow from USD 437 million to USD 594 million by 2024, at a CAGR of 6.3% from 2019 to 2024. The key factor driving the growth of the antistatic agents market is the increasing demand for antistatic agents from the packaging, electronics, and automotive industries. BASF SE (Germany), Arkema (France), Clariant (Switzerland), Croda International PLC. (UK), DowDuPont (US), Evonik Industries AG (Germany), Nouryon (Netherlands), Solvay S.A. (Belgium), PolyOne Corporation (US), Riken Vitamin Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), and Kao Group (Japan)
The pre-insulated pipes market is projected to grow from USD 6.4 billion in 2019 to USD 10.2 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Stringent regulations and initiatives in the European region, such as EPBD and NZEB to reduce the carbon footprint and construct energy efficient buildings are infusing growth in the pre-insulated pipes market. This is also leading to increasing investments in the replacement of existing less efficient district heating systems in the European region. Some of the leading players in the global pre-insulated pipes market include Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor (Finland), Watts Water Technologies (US), Perma-Pipe International Holdings (US), Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK), and Isoplus Fernwaermetechnik GmbH (Germany), among various others.
The alpha-methylstyrene market is projected to grow from USD 473 million in 2019 to USD 543 million by 2024, at a CAGR of 2.8% from 2019 to 2024. Surging demand for Acrylonitrile Butadiene Styrene (ABS) from the automotive and electronic appliances industries is fueling the growth of the market across the globe. Increasing demand for consumer goods from emerging economies acts as an opportunity for the growth of the alpha-methylstyrene market, worldwide. INEOS Group Holding S.A. (Switzerland), AdvanSix (US), Rosneft (Russia), Altivia Corp. (US), SI Group Inc. (US), DOMO Chemicals (Belgium), Kumho P&B Chemicals (South Korea), Taiwan Prosperity Chemical Corp. (Taiwan), Yangzhou Lida Chemicals (China), Mitsubishi Chemical Corporation (Japan), Solvay SA (Belgium), and Mitsui Chemicals, Inc. (Japan) are some of the leading players operating in the alpha-methylstyrene market.
The splicing tapes market size is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period. There is a high demand for splicing tapes in the paper & printing and packaging industries due to the increase in population and digitalization in many parts of the globe. Digitalization process has driven the market of online shopping which has propelled the demand for packaging and labeling. Also, paper and paperboard packaging are gaining consumer’s attraction due to their effective solutions in food & beverages, healthcare, manufacturing, personal care, and other industries which is also driving the splicing tapes market.tesa SE (Germany), 3M Company (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (Canada), Scapa Group PLC (UK), Shurtape Technologies, PLC (US), ECHOtape (US), and Adhesive Research, Inc. (US). tesa SE (Germany)
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 calcium carbonate market size is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0%. The growth of the calcium carbonate market can be attributed to the increased usage as a filler in the paper industry as a replacement for fibers, talc, and kaolin because of its lower price.calcium carbonate market are Imerys (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Mississippi Lime Company (US), Carmeuse (Belgium), Sibelco (Belgium), Midwest Calcium Carbonate (US), Calcinor SA (Spain),
The propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, at a CAGR of 4.0%. The propanol market is majorly driven by the household & personal care and pharmaceutical applications in APAC, mainly from India, China, Japan, South Korea, and Southeast Asian countries. Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), BASF SE (Germany), The Dow Chemical Company (US), LG Chem Ltd. (South Korea), Sasol Limited (South Africa), Eastman Chemical Company (US), Tokuyama Corporation (Japan), LCY Chemical Corp. (Taiwan), JXTG Holdings, Inc. (Japan), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), and OXEA GmbH (Germany)
The optical ceramics market is projected to grow from USD 148 million in 2018 to USD 297 million by 2023, at a CAGR of 15%, from 2018 to 2023. The high growth of niche applications consuming optical ceramics across the world, coupled with efficient and superior properties of optical ceramics is driving the market.II-VI Optical Systems (US), CeraNova (US), CeramTec (Germany), Surmet Corporation (US), Schott AG (Germany), CoorsTek (US), Murata Manufacturing Co. Ltd. (Japan), Konoshima Chemicals Co. Ltd. (Japan), Kyocera (Japan), and Saint- Gobain (France).
The market for healthcare adhesive tapes is estimated to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period due the high demand for these tapes for primary treatment of wounds by covering and securing to prevent bacterial infections, and to hold bandages in place. They are also used for securing dressings, catheters, and infusion or drainage devices. It comes in a variety of lengths and widths that are designed to meet a wide range of bandaging needs. The growth of the market is due to the increasing use of these tapes in wound care and for surgery in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina.3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc. (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden). Nitto Denko Corporation (Japan)
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 glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).
The market for caprolactam is estimated to grow from USD 13.1 billion in 2018 to USD 15.6 billion by 2023, at a CAGR of 3.59% during the forecast period. Need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies are the major factors driving the caprolactam market. Caprolactam or ¥å-caprolactam is an organic compound and a colorless solid, which is a lactam or a cyclic amide of caproic acid with a melting point of 70¡ÆC (158¢ªF). ¥å-caprolactam is the only common caprolactam isomer, which is usually dropped. ¥å-caprolactam is soluble in water and also in most oxygenated and chlorinated solvents. It is primarily used in the production of nylon 6 fibers and resins. Around 68% of caprolactam is consumed in the production of nylon fibers in the textile industry, globally, for carpet and industrial yarns and is also used in engineering resins and films. The nylon/polyamide made from caprolactam is a high-performance plastic and is widely replacing metal-based applications due to its properties such as impact, high temperature, and abrasion resistance; excellent balance of strength, and resistance to bases. It is a multi-characteristic nylon for industries such as automotive, consumer goods, electrical & electronics, textile, and packaging.AdvanSix Inc. (US), Alpek S.A.B. de C.V. (Mexico), The Aquafil Group (Italy), BASF SE (Germany), Capro Co. (South Korea), China Petrochemical Development Corporation (Taiwan), Domo Chemicals (Germany), Grupa Azoty (Poland), Gujarat State Fertilizers & Chemicals Limited (India), Highsun Group (China), KuibyshevAzot PJSC (Russia), Lanxess AG (Germany), Luxi Chemical Group Co., Ltd. (China), China Petroleum & Chemical Corporation (Sinopec) (China), Spolana (Czech Republic), Sumitomo Chemical Co., Ltd. (Japan), Toray Industries, Inc. (Japan), Ube Industries, Ltd. (Japan), and Zhejiang Hengyi Group Co., Ltd. (China).
The tire cord fabrics market size is estimated to be USD 4.9 billion in 2018 and is projected reach USD 6.4 billion by 2023, at a CAGR of 5.59% between 2018 and 2023. The increased vehicle demand, especially light-duty vehicles, around the globe has increased the global vehicle production in the past few years. Subsequently, with the growing vehicle sales, there is an increase in vehicle parc. These factors have indirectly fueled the global tire cord fabrics market. APAC is the key market for tire cord fabrics, globally, followed by Europe and North America. The growing demand for eco-friendly tire cord fabrics is expected to provide opportunities for the market.Indorama Ventures Company Limited (Thailand), Kolon Industries Inc. (South Korea), Hyosung Corporation (South Korea), SRF Limited (India), Kordsa Teknik Tekstil A.S. (Turkey), Teijin Limited (Japan), and Toray Industries Inc. (Japan).
The optical film market is projected to grow from USD 21.5 billion in 2019 to USD 30.2 billion by 2024, at a CAGR of 7.0% between 2019 and 2024. The market is growing due to the increasing demand from the televisions and smartphones & tablets application for large display panels.LG Chem, Ltd. (South Korea), Hyosung Chemical (South Korea), Toray Industries Inc (Japan), Sumitomo Chemical Co., Ltd. (Japan), Zeon Corporation (Japan), and Kolon Industries Inc. (South Korea).
The flexitank market size is estimated at USD 366 million in 2018 and is projected to reach USD 912 million by 2023, at a CAGR of 20.0%. Growth in the global trade of food-grade liquids, non-hazardous chemicals, and pharmaceutical liquids is the major driver for the flexitanks market. Also, its competitive benefits over other traditional substitutes drive the flexitank market. Braid Logistics (Scotland), Bulk Liquid Solutions (India), Environmental Packaging Technologies (US), SIA Flexitanks (Ireland), Trans Ocean Bulk Logistics (US), Qingdao LAF Packaging (China), Hengxin Plastic (China), Qingdao Global Flexitank Logistics (China), Trust Flexitanks (Spain), and Rishi FIBC (India) are the leading players operating in the flexitank market.
The cold flow improvers market size is projected to grow from USD 605 million in 2018 to USD 806 million by 2023, at a CAGR of 5.9%. Cold flow improvers are polymers or co-polymers additive which prevent the formation of crystals in fuel or lubricating oil which can clog the filters and feed lines at low temperature and cause engine shutdown. They are generally used in fuel and lubricating oil.Lubrizol Corporation (US), Chevron Oronite (US), Clariant AG (Switzerland), Afton Chemicals (US), BASF SE (Germany), Innospec (US), Evonik Industries AG (Germany), Infineum International Limited (UK), and Baker Hughes (US).
The textile films market size is estimated to be USD 4.5 billion in 2018 and is projected to reach USD 6.2 billion by 2023, at a CAGR of 6.6%. The growing demand for quality hygiene products and rising awareness about maintaining proper feminine and child hygiene are expected to drive the market between 2018 and 2023. In addition, growing athleisure trend and rapid urbanization are likely to propel the textile films market in the next five years.RKW Group (Germany), Covestro (Germany), Berry Global (US), Mitsui Hygiene (Thailand), Arkema (France), SWM International (US), and Toray Industries (Japan) are the key players operating in the textile films market.
The industrial filters market size is expected to grow from USD 2.7 billion in 2018 to USD 3.7 billion by 2023, at a CAGR of 6.2% during the forecast period. Growing industrialization and urbanization is a major factor driving the industrial filters market. The requirement of a safe working environment in industrial facilities is also driving the demand for industrial filters.Valmet Corporation (Finland), Lydall Inc. (US), 3M (US), Ahlstrom-Munksjo (Finland), Clear Edge Filtration Group (US), Nordic Air Filtration (Denmark), Fibertex Nonwoven (Denmark), Sefar AG (Switzerland), Freudenberg Filtration Technologies (Germany), and Sandler AG (Germany).
The market for engineered fluids (fluorinated fluids) is projected to grow from USD 854 million in 2018 to USD 1,304 million by 2023, at a CAGR of 8.8% during the forecast period. Engineered fluids (fluorinated fluids) are versatile materials that are used for thermal management application. Some of the exceptional properties of these fluids include chemical stability, non-toxicity, non-flammability, high and low-temperature use, and excellent compatibility with a wide range of plastics, metals, and elastomers. Engineered fluids (fluorinated fluids) are used in various end-use Industries such as electronics & semiconductor, automotive, chemical processing, oil & gas, power generation, and aerospace, to reduce friction between machine parts.Daikin Industries (Japan), Solvay SA (Belgium), The Chemours Company (US), 3M (US), Asahi Glass Company (Japan), Halocarbon Products Corporation (US), Halopolymer (Russia), F2 Chemicals (UK), IKV Tribology (UK), Lubrilog Lubrication Engineering (France), Nye lubricants (US), and Interflon (Netherlands).
The market of flexible elastomeric foam is projected to grow from USD 2.2 billion in 2018 to USD 2.7 billion by 2023, at a CAGR of 4.72%, during the forecast period. The growth of end-use industries, such as HVAC and automotive & transportation, is a key factor driving the flexible elastomeric foam market.Armacell International S.A. (Germany), L'ISOLANTE K-FLEX (Italy), Kaimann GmbH (Germany), Aeroflex (US), Rogers Corporation (US), and Hira Industries (Dubai).
The fiberglass mold market is projected to grow from USD 309 million in 2019 to USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024. The market is growing due to the high demand from wind energy, construction & infrastructure, automotive & transportation, aerospace & defense, and marine industries.Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).
The anti-graffiti coatings market report covers both anti-graffiti coatings and anti-graffiti films market. The combined market size of anti-graffiti coatings & films is projected to grow from the estimated USD 72 million in 2018 to USD 87 million by 2023, at a compound annual growth rate (CAGR) of 3.8% during the forecast period. Anti-graffiti coatings and films are widely used as surface protection systems that offer resistance to graffiti or vandalism in the construction and transportation industries. The growth of the anti-graffiti coatings & films market is, therefore, directly associated with the growing demand for graffiti-resistant coatings and films from the construction and transportation industries.Sherwin-Williams Company (US), Evonik Industries (Germany), DuluxGroup (Australia), Axalta Coating Systems (US), Teknos Group (Finland), Merck Group (Germany), Rainguard (US), Wacker Chemie (Germany), 3M (US), Avery Dennison Corporation (US), Opalux (UK), Graffiti Shield (US), Hydron Protective Coatings (UK), and SEI Industrial Chemicals (US).
The global adsorption equipment market is estimated to be USD 370 million in 2018 and is projected to reach USD 478 million by 2023, at a CAGR of 5.3% during the same period. The demand for adsorption equipment is mainly driven by stringent regulations to control VOC emissions in various end-use industries such as automotive paints, chemical, printing, semiconductor, food & beverage, and pharmaceutical.Durr Aktiengesellschaft (Germany), CECO Environmental (US), Evoqua Water Technologies LLC (US), TIGG LLC (US), Chemisch Thermische Prozesstechnik (CTP) GmbH (Austria), TAIKISHA LIMITED (Japan), Environmental C & C Inc. (US), Gulf Coast Environmental Systems (US)
The medical processing seals market size is estimated at USD 1.4 billion in 2018 and is projected to reach USD 1.8 billion by 2023, at a CAGR of 5.0%. The global medical processing seals industry is witnessing growth because of increasing demand from applications such as medical equipment & devices, technological advancements, and increasing demand in APAC, mainly from India, China, Korea, and the Southeast Asian countries. Also, the growing healthcare sector in the region is expected to increase the demand for medical equipment & devices, thereby benefiting the growth of the medical processing seals market.IDEX Corporation (US), Saint-Gobain S.A. (France), Freudenberg Group (Germany), Trelleborg AB (Sweden), Parker Hannifin Corp (US), Minnesota Rubber and Plastics (US), Marco Rubber & Plastic Products, LLC (US), Morgan Advanced Materials Plc (UK), Bal Seal Engineering, Inc. (US), and Techno AD Ltd (Israel)
The hybrid fabric market is projected to grow from USD 197 million in 2019 to USD 415 million by 2024, at a CAGR of 16.0% during the forecast period. The market is growing because of the high demand from the automotive & transportation, wind energy, and sports & recreational end-use industries. Hybrid fabric is preferred as it can reduce the weight of the product and is stronger than metallic parts. The market witnessed strong growth in the past few years owing to the growing use in the US, Germany, China, Brazil, and Japan.Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Exel Composites (Finland), Solvay (Belgium), Textum Inc. (US), BGF Industries, Inc. (US), HACOTECH GmbH (Germany), and Arrow Technical Textiles Pvt. Ltd. (India).
The market size of cosmetic dyes is to be USD 280 million in 2018 and is projected to reach USD 366 million by 2023, at a CAGR of 5.5%, from 2018 to 2023. The high growth of applications consuming cosmetic dyes across the world coupled with efficient and superior properties of these cosmetic dyes is driving the market.Sensient Cosmetic Technologies (France), Clariant (Switzerland), DyStar (Singapore), Neelikon (India), Chromatech (India), Pylam (US), Organic Dyes and Pigments (US), Koel Colours (India), Aakash Chemicals and Dyestuffs (US), and Goldmann Group (Germany).
The market size of battery additives is estimated at USD 1.2 billion in 2018 and is projected to reach USD 1.8 billion by 2023, at a CAGR of 9.0%. The growing demand for Li-ion batteries in consumer electronics, high adoption of HEV, PHEV, and EV in the automotive industry, and the increasing investments in renewable energy are factors fueling the growth of the market. However, underdeveloped support infrastructure for EVs is a major restraint for market growth.Cabot Corporation (US), 3M (US), IMERYS (France), Orion Engineered Carbons (Luxembourg), Hammond Group (US), SGL Carbon (Germany), Borregaard (Norway), HOPAX (Taiwan), PENOX (Germany), and ALTANA (Germany).
The global oil & gas processing seals market is estimated to be USD 5.7 billion in 2018 and is projected to reach USD 6.4 billion by 2023, at a CAGR of 2.5 % during the same period. The increased production of shale gas in developing and developed countries is expected to drive the oil & gas processing seals marketFreudenberg Group (Germany), John Crane (US), Flowserve Corporation (US), Parker Hannifin Corp (US), Solenis (US), Saint-Gobain (France), Trelleborg AB (Sweden), DuPont (US), Precision Polymer Engineering (UK), M. Barnwell Services Limited (UK), and Techno AD Ltd (Israel)
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023. Rising demand and adoption of green chemistry in organic synthesis is the major factor driving the growth of the phase transfer catalyst market across the globe.SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the key players operating in the phase transfer catalyst market
The market size of HBPA epoxy resin is estimated at USD 1.7 billion in 2018 and is projected to reach USD 2.2 billion by 2023, at a CAGR of 5.1%, between 2018 and 2023. The HBPA epoxy resin market is driven by the growth of the power generation industry in developing countries and an increase in the need to protect concrete floors in the industrial and commercial facilities. However, volatility in raw material prices is a major restraint for market growth. Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), Nagase America Corporation (US), and Huntsman Corporation (US).
The compressor oil market size is estimated to be USD 10.1 billion in 2018 and is projected reach USD 13.2 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Compressor oils are mixtures of base oils and additives. The additives help enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oils are utilized to reduce friction between moving surfaces of the compressor. In addition, compressor oils help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. The growing end-use industries such as oil & gas, general manufacturing, and chemical & petrochemical drive the demand for compressor oil. On the other hand, technological advancement and oil rejuvenation are restraining the market growth.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The industrial tubes market size is estimated at USD 478.0 billion in 2018 and is projected to reach USD 632.6 billion by 2023, at a CAGR of 5.8%. Growth in the global petrochemical and chemical industry is the major driver for the industrial tubes market. In addition, the growing energy & power segment is also driving the demand for industrial tubes.Nippon Steel & Sumitomo Metal Corporation (NSSMC) (Japan), Vallourec S.A. (France), Sandvik AB (Sweden), Tenaris (Luxembourg), and Tata Steel (India) are the key players operating in the industrial tubes market.
The market size for recovered carbon black is projected to grow from the estimated USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period. Recovered carbon black is widely used as an environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber products. The growth of the recovered carbon black market is, therefore, directly associated with the growing demand for environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber applications.Pyrolyx (Germany), Delta-Energy Group (US), Black Bear Carbon (Netherlands), Scandinavian Enviro Systems AB (Sweden), Klean Industries (Canada), Radhe Group of Energy (India), Alpha Carbone (France), Bolder Industries (US), DRON Industries (Slovakia), DVA Renewable Energy JSC (Vietnam), Enrestec (Taiwan), Integrated Resource Recovery (US), and SR2O Holdings (US).
The low profile additives market size is estimated to be USD 381 million in 2018 and is projected to reach USD 664 million by 2023, at a CAGR of 11.8%. Technological advancements in the automotive industry and increasing demand from electrical equipment and appliances are the key factors driving the low profile additives market, globally. In addition, the growing demand for renewable energy, especially wind energy, will augment the growth of the market, globally. Some of the key players in the low profile additives market are Wacker Chemie (Germany), LyondellBasell Industries (Netherlands), Polynt-Reichhold Group (Italy), AOC Aliancys (Italy), and Interplastic Corporation (US). Investment & expansion and agreement were the major growth strategies adopted by the market players between 2015 and 2018 to enhance their regional footprint and meet the growing demand for low profile additives in the emerging economies.
The coalescing agent market size is projected to grow from USD 1.0 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%. Coalescing agents are typically solvents which help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to reduce the minimum film formation temperature, resulting in optimized film coherence and improve film properties such as scrub resistance, abrasion resistance, mechanical properties, and appearance.Elementis Plc (UK), Eastman Chemical Company (US), Synthomer Plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema Group (France), and Celanese Corporation (US).
The market for curing agents is projected to grow from USD 4.2 billion in 2018 to USD 5.9 billion by 2023, at a compound annual growth rate (CAGR) of 6.80% during the forecast period. The growth of applications such as coatings, wind energy, electrical & electronics, construction, composites, and adhesives is majorly driving the curing agents market.The major players operating in the curing agents market are Evonik Industries (Germany), Hexion Inc. (US), Huntsman Corporation (US), Cardolite Corporation (US), and BASF (Germany).
The global aerospace adhesives & sealants market is projected to reach USD 1,008 million by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing penetration of composites in aircraft and rising aircraft deliveries are increasing the demand for aerospace adhesives and sealants. The emerging middle-class population in developing countries, such as China, India, and Brazil, has also triggered the growth of the aerospace adhesives & sealants market. The key players in the aerospace adhesives & sealants market are 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).
The low GWP refrigerants market is projected to grow from USD 16.5 billion in 2018 to USD 28.7 billion by 2023, at a CAGR of 11.7%. The major factors driving the low GWP refrigerants market are the low environmental impact of low GWP refrigerants, phasing out of CFC, HCFC, and HFC refrigerants, and the increasing demand for refrigerants and air conditioners across the globe. Major vendors in the low GWP refrigerants market include Linde Group (Germany), Honeywell (US), Sinochem Group (China), Airgas Inc. (US), Engas Australasia (Australia), A-Gas (UK), and Puyang Zhongwei Fine Chemical (China).
The sensor bearing market is estimated to grow from USD 5.1 billion in 2018 to USD 6.5 billion by 2023, at a CAGR of 5.2%. The major factors driving the sensor bearing market are increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and the enforcement of stringent regulations related to the mandatory installation of ABS systems in cars in various Asia Pacific and European countries. Major vendors in the sensor bearing market include SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), NTN Corporation (Japan), Timken (US), NSK Corporation (Japan), JTEKT Corporation (Japan), ABB Group (Switzerland), Mageba SA (Switzerland), BRTEC (China), ABB Group (Switzerland), Fersa Bearing SA (Spain), and Nachi Europe GmbH (Germany).
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 transcritical CO2 systems market is estimated to grow from USD 27.2 billion in 2018 to USD 61.8 billion by 2023, at a CAGR of 17.9%. The major driving factors for the transcritical CO2 systems market are the low environmental impact of transcritical CO2 systems; phasing out of CFC, HCFC, and HFC refrigerants; increasing demand for refrigeration and air-conditioning applications; and low operating costs of transcritical CO2 refrigeration systems.Carrier Commercial Refrigeration (US), Green & Cool World Refrigeration AB (Sweden), Hillphoenix, Inc. (US), Advansor (Denmark), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Canada), SCM Frigo S.p.A. (Italy), Emerson Climate Technologies (US), Baltimore Aircoil Company (US), Henry Technologies, Inc. (US), Systemes LMP, Inc. (Canada), Mayekawa Mfg. Co., Ltd. (Japan), and Panasonic (Japan).
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 market size of wearable materials is estimated at USD 1.5 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 15.0 % between 2018 and 2023. The high demand for wearable electronics in emerging countries is leading to the increasing consumption of wearable materials. Increasing demand for low-cost wearables and rising disposable income in emerging economies are driving the wearable materials market.BASF (Germany), DowDuPont (US), Wacker Chemie (Germany), DSM (Netherlands), Arkema (France), Eastman Corporation (US), Shin-Etsu (Japan), Elkem (Norway), Momentive performance materials (US), and Lubrizol (US).
The market for anti-slip coatings is projected to grow from USD 105 million in 2018 to USD 161 million by 2023, at a CAGR of 6.5% during the forecast period. Anti-slip coatings are used on various surfaces such as workshop floors, stairs, scaffolds, and so on. It is wear resistant and resists oils, acids, detergents, and others. Anti-slip coatings can be directly used without the need for any previous mixing. The leading players in the anti-slip coatings market are 3M (US), PPG Industries (US), Axalta Coating Systems (US), Hempel A/S (Europe), RPM International (Mexico), Sherwin Williams (US), Amsteps Products (England), Randolph Products (UK), No Skidding Products (US), North Central Electric (US), Paramelt RMC B.V (Netherlands), Safemate Anti-slip Pvt. Ltd. (Germany), Skidproof Ltd. (UK), Industrial Applications Inc. (UK), Halosurfaces International Ltd. (New Zealand), Wooster Products (US), Anti-slip Anywhere (US), Tesoplas (England), American Safety Technologies (US), and Diamond Safety Concepts (Japan).
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 seam sealing tapes market is expected to grow from USD 205 million in 2018 to USD 283 million by 2023, at a CAGR of 6.7% from 2018. The growth in the sports and outdoor apparel industry, owing to the growing health awareness among consumers and increasing fitness activities, is driving the growth of the seam sealing tapes market during the forecast period. In addition, increase in demand for protective clothing and accessories such as military, surgical/medical, and chemical protection garments are influencing the growth of the market.Bemis Associates (US), Toray Industries (Japan), Himel Corp. (Korea), Sealon (Korea), Loxy AS (Norway), Gerlinger Industries (Germany), DingZing (Taiwan), Adhesive Films (US), San Chemicals (Japan), and Essentra (UK).
The opacifiers market size is estimated to be USD 15.2 billion in 2018 and is projected reach USD 20.6 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. The market is mainly driven by the rising demand for opacifiers from the end-use industries such as personal care, paints & coatings, and ceramics. Growing demand for opacifiers in upcoming applications has created various opportunities for its manufacturers. APAC is the key market for opacifiers, globally, followed by Europe and North America. One of the primary drivers of the market is the increasing demand for paints & coatings, ceramics, and personal care products in these regions.DowDuPont (US), Arkema (France), Ashland Global Holdings Inc. (US), Tayca Corporation (Japan), Chemours Company (US), Tronox Limited (US), Kronos Worldwide Inc. (US), Cristal (Kuwait), Alkane Resources Ltd (US), En-tech Polymer Co. Ltd. (South Korea), and Venator (UK).