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 nickel alloys market is projected to grow from an estimated USD 12.14 Billion in 2017 to USD 14.68 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. The growing demand for nickel alloys from various end-use industries, including the growing aerospace and oil & gas industries, are factors driving the nickel alloys market, globally. The key players in the nickel alloys market are VDM Metals (Germany), Aperam S.A. (Luxembourg), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (US), Carpenter Technology Corporation (US), ThyssenKrupp AG (Germany), Haynes International Inc. (US), Precision Castparts Corporation (US), Voestalpine AG (Austria), and Rolled Alloys Inc. (US), among others.
The high temperature sealants market was valued at USD 2.71 Billion in 2016 and is projected to reach USD 3.56 Billion by 2022, at a CAGR of 4.6% from 2017 to 2022. The global market for high temperature sealants is led by players such as, Dow Corning Corporation (US), Wacker Chemie AG (Germany), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), 3M Company (US), Bostik SA (France), H.B. Fuller (US), PPG Industries, Inc. (US), CSW Industrials Inc. (US), Illinois Tool Works Company. (US), and Soudal N.V. (Belgium), among others.
The global oil water separator market is projected to reach USD 9.13 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. Key players operating in the global oil water separator market include Alfa Laval AB (Sweden), Andritz AG (Austria), GEA Group AG (Germany), AB SKF (Sweden), Siemens AG (Germany), Sulzer Chemtech Ltd. (Switzerland), Parker-Hannifin Corporation (US), Wärtsilä Oyj Abp (Finland), and Donaldson Company, Inc. (US). Expansions, new product launches, and agreements are major strategies adopted by key players to enhance their businesses.
The glass mat market is estimated to grow from USD 931.5 Million in 2016 to USD 1,238.5 Million by 2022, at a CAGR of 4.83% between 2017 and 2022. Some of the key global players of the glass mat market are Owen Corning (US), Jushi Group Co., Ltd. (China), Binani Industries Ltd (India), China Beihai Fiberglass (China), and Nippon Electric Glass (Japan), among others. These players have adopted various organic and inorganic developmental strategies in the past five years to maintain their position in the glass mat market.
The global PET preforms market was at USD 17.14 Billion in 2016 and is projected to reach USD 23.35 Billion by 2022, at a CAGR of 5.31% from 2017 to 2022. Key companies profiled in the global PET preforms market research report include Retal Industries Ltd. (Cyprus), Plastipak Holdings, Inc. (US), RESILUX NV (Belgium), ALPLA Werke Alwin Lehner GmbH & Co KG (Austria), Zhuhai Zhongfu Enterprise Co. Limited (China), Societe Generale des Techniques (France), Indorama Ventures Public Company Limited (Thailand), KOKSAN Pet Packaging Industry Co. (Turkey), Taiwan Hon Chuan Enterprise Co., Ltd (Taiwan), and Rawasy Al Khaleej Plastic Ind. (UAE).
The seamless pipes market is estimated to be USD 183.79 Billion in 2017 and is projected to reach USD 237.11 Billion by 2022, at a CAGR of 5.2% during the forecast period from 2017 to 2022. Some of the key players in the seamless pipes market include Nippon Steel & Sumitomo Metal Corporation (Japan), ArcelorMittal SA (Luxembourg), JFE Steel Corporation (Japan), Tenaris S.A. (Luxembourg), Vallourec AG (France), IPP Europe Ltd. (UK) Zaffertec S.L. (Spain), Cimco Europe (Italy), Wheatland Tube Company (US), Techint Group SpA (Italy), ISMT Ltd. (India), ALCO SAS (Colombia), Shalco Industries Pvt. Ltd. (India), UMW Group (Malaysia), United Seamless Tubulaar Pvt. Ltd. (India), Jindal Saw Ltd. (India), Tianjin Pipe (Group) Corporation (China), PAO TMK (Russia), Sandvik AB (Sweden), United States Steel Corporation (US), Schulz USA (US), ChelPipe (Russia), EVRAZ Plc (UK), Salzgitter Mannesmann Stainless Tubes GmbH (Germany), and Tubos Reunidos, S.A. (Spain).
The crosslinking agent market is projected to reach USD 13.61 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. Key players operating in the crosslinking agent market include BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (US), Wanhua Chemical Group Co., Ltd. (China), Evonik Industries (Germany), Hexion Inc. (US), INEOS (UK), Aditya Birla Chemical (India), Allnex Group (Germany), and Shanghai Sisheng Polymer Materials Co., Ltd. (SiwoChem) (China).
The global matting agents market was valued at USD 448.6 Million in 2016 and is projected to reach USD 579.9 Million by 2022, at a CAGR of 4.4% from 2017 and 2022. The key players profiled in the report include Evonik Industries (Germany), PPG Industries (U.S.), Huntsman Corporation (U.S.), W.R. Grace and Company (U.S.), Arkema (France), AkzoNobel (Netherlands), Lubrizol Corporation (U.S.), J,M. Huber Corporation (U.S.), IMERYS Minerals Ltd. (France), BYK Additives & Instruments (Germany), Allnex (Germany), P Q Corporation (U.S.), Axalta Coating Systems (U.S.), Michelman, Inc. (U.S.), Quantum Silicones (U.S.), Heubach (Germany), Viacor Polymer GmbH (Germany), Toyobo Co., Ltd. (Japan), Remmers (Germany), DOG Chemie (Germany), Thomas Swan Co. & Ltd. (U.K.), Wattyl Industrial Coatings (U.S.), J Color Chemicals (China), Dalian Fuchang Chemical Group Co., Ltd. (China), and Deuteron GmbH (Germany).
The global polymer dispersions market is projected to reach USD 10.27 Billion by 2022 at a CAGR of 8.0%, in terms of value. Polymer dispersions are used in a wide range of applications such as decorative & protective coating, paper, carpet & fabrics, printing ink, adhesives & sealants, and other applications, as it provides properties such as enhanced processability, performance, and appearance to products. BASF SE (Germany), Synthomer Plc. (U.K.), Mitsui Chemicals Inc. (Japan), Eastman Chemical Company (U.S.), Covestro AG (Germany), and Solvay SA (Germany) are the leading companies in this market. Most of the market players adopted new product launches, merger & acquisition, and investment & expansions strategies, to maintain their share of the market.
The self-cleaning filters market is estimated to be USD 5.03 Billion in 2017, and is projected to reach USD 7.18 Billion by 2022, at a CAGR of 7.4% from 2017 to 2022. Eaton Corporation plc (Ireland), Parker Hannifin Corporation (U.S.), Alfa Laval AG (Sweden), Amiad Water Systems Ltd. (Israel), 3M Company (U.S.), Baleen Filters Pty. Ltd. (Australia), The Dow Chemical Company (U.S.), Oxford Filtration Limited (U.K.), Pall Corporation (U.S.), Cummins, Inc. (U.S.), HYDAC Filter System GmbH (Germany), JUDO Water Treatment GmbH (Germany), VAF Filtration Systems (U.S.), Morrill Industries, Inc. (U.S.), SCAM Filters (Filters), Forsta Filters, Inc. (U.S.), STF Filtros (Spain), Georg Schünemann GmbH (Germany), and Orival Inc.(U.S.), among others, are the key players operating in the market.
The purging compound market is projected to reach USD 586.3 Million by 2022, at a CAGR of 5.4% from 2017 to 2022. Asahi Kasei Corporation (Japan), Chem-Trend (China), Purgex (U.S.), Dyna-Purge (U.S.), 3M Company (U.S.), Clariant AG (Switzerland), VELOX GmbH (Germany), E. I. Du Pont de Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Daicel Corporation (Japan), The Dow Chemical Company (U.S.), Formosa Plastics Corporation (Taiwan), CALSAK Corporation (U.S.), Reedy Chemical Foam & Specialty Additives (U.S.), Magna Purge (U.S.), and RapidPurge (U.S.) are some of the key players in the global purging compound market.
The global bulletproof glass market is projected to reach USD 7.65 Billion by 2022, at a CAGR of 13.6% between 2017 and 2022. Key players operational in the bulletproof glass market include Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), Nippon Sheet Co., Ltd. (Japan), Saint-Gobain S.A. (France), Consolidated Glass Holdings, Inc. (U.S.), Total Security Solutions (U.S.), SCHOTT AG (Germany), D.W. Price Security (U.K.), Smartglass International Ltd. (Ireland), Apogee Enterprises, Inc. (U.S.), and National Glass (South Africa).
The transparent ceramics market was valued at USD 219.2 Million in 2016 and is projected to reach USD 698.1 Million by 2022, at a CAGR of 21.3% between 2017 and 2022. Key players operational in the transparent ceramics market include CoorsTek Inc. (U.S.), Surmet Corporation (U.S.), Schott AG (Germany), and II-VI Optical Systems (U.S.), CILAS (France), Brightcrystals Technology Inc. (China), and CeramTec-ETEC GmbH (Germany), among others.
The gear oil market was valued at USD 7.32 Billion in 2016 and is projected to reach USD 8.58 Billion by 2022, at a CAGR of 2.69% from 2017 to 2022. In terms of volume, the market is projected to reach 2,496.0 kilotons by 2022, at a CAGR of 2.13% during the forecast period. The massive industrial growth in the Middle East & Africa and Asia-Pacific regions, coupled with the rising demand for gear oils from the automotive and power industries are key factors driving the growth of the gear oil market during the forecast period.
The flexible pipe market is projected to reach USD 1,111.3 Million by 2022, at a CAGR of 4.0% between 2017 and 2022. Key players operating in the flexible pipe market are National Oilwell Varco, Inc. (U.S.), Technip Inc. (France), Prysmian Group (Italy), GE Oil & Gas Corporation (U.K.), Shawcor Ltd. (Canada), Pipelife Nederland B.V. (Netherlands), Airborne Oil & Gas B.V. (Netherlands), Magma Global Ltd. (U.K.), ContiTech AG (Germany), and FlexSteel Pipeline Technologies, Inc. (U.S.).
The global shotcrete accelerator market was valued at USD 689.3 Million in 2016 and is projected to reach USD 1,101.8 Million by 2022, at a CAGR of 8.2% from 2017 to 2022. The market size in terms of volume is projected to reach 1.22 Million tons by 2022. Shotcrete accelerator manufacturers such as BASF SE (Germany), Sika AG (Switzerland), Mapei Spa (Italy), GCP Applied Technologies (U.S.), Normet Oy (Finland), Chryso SAS (France), The Euclid Chemical Company (U.S.), Denka Company Limited (Japan), Basalite Concrete Products LLC (U.S.), and Fosroc (U.K.), are covered in the market report.
The OEM coatings market is projected to reach USD 69.28 Billion by 2022, at a CAGR of 4.7% from 2017 to 2022. There are a few global players operating in the OEM coatings market. These companies are actively investing in various strategies, such as expansions, new product launches, mergers & acquisitions, and joint ventures to increase their market shares and strengthen their position in the OEM coatings market. PPG Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems Ltd. (U.S.), Jotun (Norway), BASF SE (Germany), Nippon Paints Holdings Co., Ltd. (Japan), 3M Company (U.S.), and Kansai Paints Co., Ltd. (Japan), among others are the leading players operating in the OEM coatings market
In terms of value, the composite coatings market was USD 840.0 Million in 2016, and is projected to reach USD 1,306.8 Million by 2022 at a CAGR of 7.7% from 2017 to 2022. Composite coatings are increasingly crucial in the aerospace & defense, transportation, industrial, and oil & gas industries due to their superior properties which provide anti-corrosion, self-lubrication, UV protection, chemical resistance, thermal protection, and so on. Some of the key leading global players in the composite coatings market are, PPG Industries, Inc. (U.S.), Axalta (U.S.), Mader Group (France), A.W. Chesterton Company (U.S.), K C Jones Plating Company (U.S.), Om Sangyo Co. Ltd. (Japan), Endura Coatings (U.S.), Twin City Plating (U.S.), Aztron Technologies, LLC (U.S.), Nickel Composite Coating Inc. (U.S.), and Surteckariya Co. Ltd. (Japan), among others.
The global microspheres market size was USD 3.98 Billion in 2016 and is projected to reach USD 6.68 Billion by 2022, at a CAGR of 9.02% between 2017 and 2022. The superior structural properties of microspheres, development & modernization, and increasing demand from current and emerging applications are expected to drive the demand for microspheres globally. Currently, various market players such as 3M (U.S.), Potters Industries LLC (U.S.), AkzoNobel N.V. (Netherlands), Matsumoto Yushi-Seiyaku Company (Japan), Trelleborg AB (Sweden), Luminex Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Chase Corporation (U.S.), Sigmund Lindner GmbH (Germany), and Mo-Sci Corporation (U.S.) dominate the global microspheres market.
MarketsandMarkets projects that the market for chromatography resin in drug discovery will grow from USD 290.7 Million in 2017 to USD 401.1 Million by 2022, at a CAGR of 6.65% from 2017 to 2022. The growth of this market is expected to be driven by the rising demand from pharmaceuticals and biotechnology verticals. Companies such as General Electric Company (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Tosoh Corporation (Japan) were the key players who adopted these strategies to increase their customer base and widen their product portfolio.
The global composite adhesives market was valued at USD 1.13 Billion in 2016 and is projected to reach USD 1.78 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. Henkel AG & Co. KGaA (Germany), SIKA AG (Switzerland), 3M Company (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), LORD Corporation (U.S.), and Illinois Tool Works Incorporation-Plexus (U.S.) are some of the key players in the composite adhesives market.
The market for mining chemicals is estimated to grow from USD 6.03 Billion in 2017 to reach USD 7.54 Billion by 2022, at a CAGR of 4.60%. The base year considered for the study is 2016 and the market size is projected from 2017 to 2022. The major players in the Mining chemicals market include AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Cytec Industries Inc. (U.S.), Kemira OYJ (Finland), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Orica Limited. (Australia), ArrMaz Products, L.P. (U.S.), and SNF Floreger (France).
The colorants market was valued at USD 47.45 Billion in 2016 and is projected to reach USD 65.65 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022. The high demand for colorants in the plastics and paints & coatings applications is driving the colorants market across the globe. The key players profiled in the report include, Clariant AG (Switzerland), BASF SE (Germany), DIC Corporation (Japan), Huntsman Corporation (U.S.), E. I. du Pont de Nemours & Company (U.S.), Cabot Corporation (U.S.), LANXESS AG (Germany), PolyOne Corporation (U.S.), and Sun Chemical Corporation (U.S.).
The global low temperature coating (low cure coating) market was valued at USD 3.50 Billion in 2015 and is projected to reach USD 5.13 Billion by 2021, at a CAGR of 6.7% between 2016 and 2021. The base year considered for the study is 2015, while the forecast period is between 2016 and 2021. Key companies profiled in the global low temperature coating (low cure coating) market research report include PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems (U.S.), Bowers Industrial (U.S.), Tulip Paints (India), Platinum Phase SDN BHD (Malaysia), VITRACOAT America Inc. (U.S.), Forrest Technical Coatings (U.S.), and Specialty Polymer Coatings Inc. (Canada).
The special effect pigments market is projected to grow from an estimated USD 747.4 Million in 2017 to USD 969.2 Million by 2022, at a CAGR of 5.3%. The market is driven by the growing demand for special effect pigments in the packaging and household goods industry as these provide an appealing appearance, shimmer, and glitter for the product. The special effect pigments market is driven by the increasing demand for special effect pigments from applications such as paints & coatings, plastics, printing inks, cosmetics, and others. The report includes an analysis of the special effect pigments market by region, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The automotive films market was valued at USD 4.65 Billion in 2016 and is projected to reach USD 6.30 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. Some of the key players in the automotive films market are 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Lintec Corporation (Japan), and Saint-Gobain Performance Plastics (France). New product development was the major growth strategy adopted by market players between 2012 and 2017 to meet the demand for automotive films in emerging economies.
The acrylic adhesives market is projected to grow from USD 8.84 Billion in 2017 to USD 11.72 Billion by 2022, at a CAGR of 5.81% between 2017 and 2022. Acrylic adhesives are versatile products that find application in varied industrial sectors. Growing usage of acrylic adhesives in end-use industries, improved quality of adhesives, and increased demand for durable adhesive products are the drivers for the market.
The rigid foam market is projected to grow from USD 67.21 Billion in 2016 to USD 99.78 Billion by 2022, at a CAGR of 8.2% from 2017 to 2022. The growth of the market is driven by the increasing use of rigid foam in the building & construction, appliances for insulation and energy saving, and in the automobile industry for weight reduction. These foams are also being increasingly used in the packaging end-use industry, owing to their light weight and durability.
The global label adhesive market is projected to reach 4.83 billion kilotons by 2022, at a CAGR of 4.45% between 2017 and 2022, by volume. In terms of value, the market size for label adhesive was USD 9.75 Billion in 2016, and is projected to reach USD 12.97 Billion by 2022, at a CAGR of 4.91% during the same period. The growing packaged food industry is expected to generate demand and drive the label adhesive market during the forecast period.
The instant adhesives market is projected to grow from USD 1.57 Billion in 2017 to USD 2.38 Billion by 2022, at a CAGR of 8.75% during the forecast period. In this study, 2016 has been considered as the base year to estimate the size of the instant adhesives market. The report provides the short-term forecast from 2017 to 2022. It aims at estimating the size and future growth potential of the instant adhesives market across different segments, such as curing process, chemistry, application, and region.
The global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Steel, automotive, and aerospace are the key end-use industries of graphite-based products. However, graphite-based composites are also being used in other industries, including marine, sporting goods, pipes & tanks, and construction.
The duplex stainless steel market was valued at USD 2.70 Billion in 2016 and is projected to reach USD 3.40 Billion by 2021, at a CAGR of 4.7% between 2016 and 2021. Increasing demand for duplex stainless steel from various end-use industries, such as oil & gas, chemical, desalination, pulp & paper, construction, and energy is expected to drive the demand for duplex stainless steel during the forecast period.
The heat resistant polymers market is estimated at USD 12.03 Billion in 2016, and is projected to reach USD 16.67 Billion by 2021, at a CAGR of 6.7% from 2016 to 2021. The market for heat resistant polymers is projected to grow with the increasing demand for lightweight and high temperature plastics in the global transportation industry.
The FRP grating market is projected to reach USD 574.2 Million by 2021, at a CAGR of 4.24% from 2016 to 2021. FRP grating are being used in various industries, owing to their properties, such as corrosion resistance, high strength, impact resistance, and light weight. These properties make them suitable for use in water management, the industrial sector, cooling towers, and the marine industry, among others.
The moisture curing adhesives market was valued at USD 3.80 Billion in 2015 and is projected to reach USD 5.77 Billion by 2021, at a CAGR of 7.4% from 2016 to 2021. In this study, 2015 has been considered the base year and 2016 to 2021 the forecast period to project the market size of moisture cure adhesives.
The flexible insulation market is projected to reach USD 10.84 Billion by 2021, at a CAGR of 5.54% from 2016 to 2021.The global flexible insulation market is expected to be driven by the growing demand from end-use industries such as building & construction, heating, ventilation and air-conditioning (HVAC) and the transportation sector. Flexible insulations are those insulations which can be applied successfully or flexibly in those applications wherein other materials cannot be used. Flexible insulations are used to save energy, maintain process temperatures, provide fire & sound protection, and prevent condensation.
The membrane separation technology market is projected to grow from USD 18.55 Billion in 2016 to USD 28.10 Billion by 2022, at a CAGR of 7.2%. This market is mainly driven by the water & wastewater treatment, medical & pharmaceutical, food & beverages, and industrial processing sectors. Growing pharmaceutical and industrial development in North America and Asia-Pacific are driving the growth of this market.
The silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021. Silk is witnessing increase in demand in the Asia-Pacific region, mainly in China. Asia-Pacific is the largest producer of raw silk with easy availability of raw materials in the region. Silk finds application majorly in the textile industry. Increasing demand for silk from the textile industry has promoted the usage of silk. Furthermore, technological advancements in the sericulture industry are expected to drive the silk market.
The global antiblock additive market was valued at USD 839.3 Million in 2016 and is projected to reach USD 1,109.6 Million by 2021, at a CAGR of 5.7% during the forecast period. The growth of the antiblock additive market in the next five years is projected to be the highest in Asia-Pacific, and the Middle East & Africa. Growing food and pharmaceutical packaging, along with increased focus on agricultural output in the Asia-Pacific region is projected to fuel the demand for antiblock additive.
The global decorative laminates market is estimated to reach USD 7.97 Billion by 2021, at a CAGR of 3.5% from 2016 to 2021. The decorative laminates market has witnessed significant growth in recent years. Decorative laminates, due to their excellent properties, such as water resistance, huge variety, durability, microbe-resistant, and ease of maintenance are used in a wide range of applications such as cabinets, furniture, countertops, and wall panels.
The flexographic ink market is projected to reach USD 4.16 Billion by 2022, at a CAGR 4.89% from 2017 to 2022. The market is largely driven by the increasing demand for flexographic ink from various end-use applications, such as corrugated cardboards, flexible packaging, folding cartons, and tags & labels. The growth of the flexographic ink market can also be attributed to increased investments by the key players to launch efficient and cost-effective products, as well as for expansion and merger & acquisition activities. The growth of the middle-class population in emerging economies is one of the important factors driving the flexographic ink market.
The low friction coatings market is projected to reach USD 810.4 Million by 2021, at a CAGR of 5.7% from 2016 to 2021. Growing end-use industries and changing needs of consumers have fueled the demand for new and advanced low friction coatings. The development of various new and efficient low friction coatings has led to the use of the coatings in various new applications.
The global glycerin market was valued at USD 2.19 Billion in 2015 and is projected to reach USD 3.12 Billion by 2021, at a CAGR of 6.8% from 2016 and 2021. In this study, 2014 has been considered the historical year, 2015 the base year, and 2016–2021 the forecast period to estimate the market size of glycerin.
The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The growth of the mining lubricants market is driven by the increasing demand from the Asia-Pacific region and growing end use industries such as coal and iron ore mining. The mining industry in Asia-Pacific and the Middle East is growing rapidly, which in turn is fueling the growth of mining lubricants market.
The global performance additives market is projected to reach USD 110.35 Billion by 2021 at a CAGR of 8.0%, in terms of value. The market is driven by the increasing demand for performance additives from end-use industries, such as packaging, household goods, and automotive. The base year considered for the study is 2015 while the forecast period is from 2016 to 2021.
The carbon black market size is projected to reach USD 13.79 Billion by 2021, at a CAGR of 4.6% between 2016 and 2021. Carbon black products find usage in several end-use industries such as, tire, rubber, plastic, inks & coatings, construction, metallurgy, resin coloring, and paint. Rising use of carbon black in the tire and non-tire rubber application segments have led to an increased demand for carbon black, globally.
The global cenospheres market was valued at USD 346.8 Million in 2016 and is projected to reach USD 689.2 Million by 2022, at a CAGR of 12.16% from 2017 to 2022. The growing demand from the oil & gas, construction, and refractory end-use industries and superior structural properties are key factors expected to drive the global cenospheres market.
The isoprene market was valued at USD 1.93 Billion in 2015, and is projected to reach USD 2.96 Billion by 2021, at a CAGR of 7.4% from 2016 to 2021. Isoprene is used in several end-use industries, such as tires, non-tires, adhesives, and other industries. The increasing usage of synthetic rubber in these industries is expected to drive the isoprene market.
The LED materials market is projected to reach USD 12.55 Billion by 2021, at a CAGR of 9.9%, in terms of value from 2016 to 2021. The base year considered for the study is 2015, while the forecast period is from 2016 to 2021. The LED materials market is driven by the increasing usage of LEDs in general and automotive lighting. The report includes analysis of the LED materials market by region, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
In terms of value, the fiberglass pipes market was valued at USD 3.04 Billion in 2015, and is projected to reach USD 4.11 Billion by 2021, at a CAGR of 5.22% from 2016 to 2021. Fiberglass pipes are becoming crucial in chemicals, oil & gas, and sewage applications due to the superior properties, low maintenance, and long product life.