Expanded Polypropylene Foam Market Worth USD 1.30 Billion By 2025: Grand View Research, Inc.

The global expanded polypropylene (EPP) foam market is expected to reach USD 1.30 billion by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the automotive industry in recent years has been a major factor driving market growth. Further, the increasing application scope of the product in the consumer goods, construction, and packaging industries is expected to have significant impacts on the overall market growth over the coming years.

The product witnessed wide application in the automotive industry for the manufacture of floor, door and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period.

The increasing use of molded EPP foam products in protective and flexible packaging applications for numerous verticals, including medical, consumer electronics, food & beverages, household appliances, and industrial equipment, is expected to drive the industry growth over the forecast period.

The consumer goods vertical is expected to witness the highest growth over the coming years, projected to grow at a CAGR of 5.3% during the forecast period, in terms of revenue. The rapidly growing consumer goods industry across major economies of Asia Pacific, Europe, and North America is expected to drive the product demand over the forecast years. 

U.S. EPP foam market revenue by product, 2014 - 2025 (USD Million)

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The EPP foam industry was estimated at USD 896.4 million in 2016 and is expected to grow at a significant rate during the forecast period on account of increasing application scope of the product in consumer goods and protective packaging industry verticals

• The medium density segment accounted for a considerable share in 2016 and is expected to witness the highest growth of 4.7% over the forecast period owing to increasing application scope in consumer goods and furniture applications
• The product demand in the consumer goods segment is expected to grow at the highest CAGR of 5.3% during the forecast period, primarily on account of increasing application scope in the rapidly-growing consumer goods industry worldwide
• The Asia Pacific region dominated the overall industry revenue in 2016 and is expected to witness the highest growth of 5.3% during the forecast period, on account of high product application scope in the growing automotive, consumer goods, and packaging verticals
• The key strategies adopted by the industry players include capacity expansions, mergers & acquisitions, technical collaborations, and distribution agreements. For instance, in March 2016, JSP Corporation completed the expansion of EPP foam manufacturing facility in Thailand.

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Electronic Adhesives Market To Reach $7.80 Billion By 2022: Grand View Research, Inc.

The global electronic adhesives market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc. Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period.

Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants.

Electrically conductive adhesives emerged as the largest product segment and accounted for over 40% of total market volume in 2014. The segment is expected to gain share over next seven years on account of high demand across key end-use industries including automotive, building & construction and medical. UV curing adhesives market is expected to witness significant gains over the forecast period on account of their increasing penetration across medical industry.

U.S. electronic adhesives market revenue by product, 2012 - 2022 (USD Million)

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Further key findings from the report suggest:

• Global electronic adhesives market demand was 1,103.3 kilo tons in 2014 and is expected to grow at a CAGR of 10.6% from 2015 to 2022.
• Surface-mount devices were the leading application segment and accounted for over 40% of the total market volume in 2014. The segment is also expected to witness most significant growth in its market size owing to significant development in chip-bonding and replacement of conventional PCBs with these components in key applications such as mother boards, processors, and flash drives.
• Asia Pacific was the largest regional market and accounted for over 50% of global demand in 2014. Large scale conformal coatings and surface mount devices manufacturing may be attributed to market size. This trend is expected to continue over the next seven years on account of rapid expansion of electronics industry in China, India, Taiwan and South Korea.
• China and India emerged as major markets both in terms of production and consumption. Favorable government initiatives such as “Make in India” have created significant avenues for future investments in terms of FDI for enhancing production capabilities within the region.
• Major companies with global electronic adhesives market share include Henkel AG & Co, Dow Chemicals and Hitachi Chemicals, HB Fuller, Kyocera Chemical Corp, 3M Company, Mitsui Chemicals LG Chemical Limited, and Indium Corporation.

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Growing Importance Of Electroactive Materials Owing To Their Lightweight, Good Dielectric & Piezoelectric Properties Is Expected To Drive Electroactive polymers market Till 2022:Grand View Research,Inc.

The global electroactive polymers market is expected to reach USD 6.38 billion by 2022, according to a new report by Grand View Research, Inc. Growing importance of electroactive materials owing to their lightweight, good dielectric and piezoelectric properties is expected drive the market over the forecast period. Increasing use of electrostatic polymers in solar cells for reducing voltage consumption and managing the required voltage outflow is expected to favorably impact the industry in future.

Inherently Conductive Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are expected to witness the fastest growth over the forecast period. Rising importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on account of providing electrical conductivity and optical clarity is expected to have a positive impact on the market.

Increasing use of dispersed form of poly(3,4-ethylenedioxythiophene) (PEDOT) and Polystyrene Sulfonates (PSS) as hole injecting material for R&D of OLED is likely to open new avenues for ICP.

U.S. electroactive polymers market, by product, 2012-2022, (Kilo Tons)

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Further key findings from the report suggest:

• Global electroactive polymers market size was 234.7 kilo tons in 2014 and is expected to grow at a CAGR of 9.7% from 2015 to 2022
• Electroactive polymers demand in actuators was over 40 kilo tons in 2014 and is expected to witness growth on account of increasing application of later in hydraulic systems and fuel engines
• Europe accounted for over 20% of the global volume in 2014. Rising expenditure for incorporation of nanotechnology along with deployment of lightweight materials in electronics and automotive industries of Germany and France is expected to have a positive impact.
• Growing concerns regarding Green House Gas (GHG) emissions emitted during chemical processes have forced key market players, including Bayer, to focus on the development of bio-based polymers. Shifting preference towards bio-polymers from synthetically derived chemicals is expected to ensure the raw material access to manufacturers over the next seven years.
• Bayer AG, 3M, Parker-Hannifin Corporation, RTP Co., Piezotech SA, The Lubrizol Corporation, Kenner Material & System Co., Ltd., Celanese Corporation, and Agfa-Gevaert NV are some of the key manufacturers present within the global market. In June 2014, Parker-Hannifin announced development of smart sensors and actuators through the deployment of electroactive polymer technology.
• Increasing application of electronic products such as actuators, sensors as well as ESD and EMI compounds in emerging markets of China and India is expected to force buyers to opt for backward integration to ensure the continuous product supply for their captive production.

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Water Desalination Equipment Market Is Anticipated To Grow Hastily Due To Increasing Water Concerns & Usages Of Aqua Resources Till 2025: Grand View Research, Inc.

The global water desalination equipment market value is anticipated to reach USD 25.1 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for water, increasing water need in industries, and rising population are expected to influence product demand over the forecast period.

In the past few years, the industry has witnessed increasing investments in R&D activities for the development of energy efficient membrane systems. This has led to increased popularity of membrane-based products. Some of the major application sectors of the products include municipal, industrial, and others.  

Reverse osmosis segment held the largest share in the market and is expected to continue its dominance over the forecast period. The market is witnessing increasing use of the reverse osmosis technology to treat water from the sea, lakes, underground, and other water sources. The higher efficiency of the reverse osmosis technology along with less consumption of energy is the key factor for the growth of this technology during the projected timeline.

The key market participants of the water desalination equipment market are Genesis Water Technologies, Doosan Heavy Industries and Construction, GE Corporation, Koch Membrane Systems (KMS), IDE Technologies, Degremont SAS, Biwater, Hyflux Ltd., Acciona, S.A., and others. The vendors of the market are likely to witness robust growth in the demand for the desalination equipment in the coming years, owing to increasing demand for the water which would generate the need for water desalination plants.

U.S. water desalination equipment market by application, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The global demand for water desalination equipment was USD 11.5 billion in 2016 and is expected to grow at a CAGR of around 9.1% from 2017 to 2025
• Sea water was the biggest source for water desalination while accounting for over 67% of the total revenue in 2016
• Municipal was the largest application segment for desalination equipment with a demand of over USD 5 billion in 2016
• The Middle East and Africa is expected to be the largest regional market with a projected demand of around USD 10 billion by 2025

• The industry is dominated by a few multinational corporations such as GE corporation and Doosan Heavy and Construction with significant presence across the value chain
• Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant market share.

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The Use Of The product In The Production Of Advanced Detergents, Emulsions & Pharmaceutical Products Is Expected To Drive Alcohol Ethoxylates Market Till 2025:Grand View Research,Inc.

The global alcohol ethoxylates market size is expected to reach USD 7.45 Billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 4.2% CAGR. Rising demand for fatty alcohol ethoxylates owing to their biodegradable properties is expected to drive the market growth over the forecast period. The use of the product in the production of advanced detergents, emulsions and pharmaceutical products is expected to drive growth.

The price of the product closely follows the raw material cost thereby imparting a volatility in the prices. In addition, rising substitution of other ethoxylates by environmentally friendly alcohol ethoxylates is expected to drive growth over the forecast period.

Presence of a large number of companies involved in product manufacturing is expected to benefit the industry growth. Major players in the market are involved in implementing new product introduction and capacity increases as the major strategies driving market growth. In addition, the production of advanced formulation solutions is expected to provide the necessary impetus to the market growth.

The product use is expected to be advocated by the softening stand of the regulatory agencies towards the use of the product in applications that involve direct human contact. Presence of minimal regulations in high consuming economies such as India and China is expected to drive the market growth over the forecast period.

U.S. alcohol ethoxylates market revenue, by product, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Fatty alcohol ethoxylates segment emerged as the largest segment accounting for 37.4% of the global revenue in 2016 on account of superior properties that aid in cleaning in household and industrial applications
• The demand for the product for emulsifiers is expected to register a growth of 4.5% from 2017 to 2025 due to high stabilizing characteristics of oil-water emulsions provided by the such products
• The demand for alcohol ethoxylates for cleaning applications accounted 53.2% of the revenue in 2016 and is expected to register growth on account of industrial development coupled with heightened adoption by major players
• The market for alcohol ethoxylates in North America is expected to grow at a CAGR of 4.4% from 2017 to 2025 on account of the rising demand for low rinse and low foam detergents in industrial and household applications
• Key market players lay high emphasis on the development of advanced product and employ price discrimination as a strategy to attract consumers

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Automotive Film Market Is Predicted To Grow Swiftly Due To The Growing Utilization Of Automotive Wraps To Protect Vehicles Till 2021: Grand View Research, Inc.

The global automotive film market is expected to reach USD 10.13 billion by 2021, according to a new report by Grand View Research, Inc. The growing demand for automotive film in exterior and interior applications is expected to drive market growth

The industry is expected to grow on account of the demand for films in for interior and exterior protection of the vehicle. The increasing demand for paint protection films and NVH films for the smooth functioning of the vehicle is expected to drive growth over the forecast period.

The industry growth is majorly driven by the rapid increase in the demand for automotive wraps to enhance the aesthetic value of the vehicles. Furthermore, reduction in the maintenance cost of vehicles owing to the protective characteristics offered by the wraps is expected to drive market growth.

Increasing purchasing power of consumers coupled with technological advancements, such as the advent of the bio-based polyester film is expected to fuel market growth. Growing consumer awareness regarding the benefits of these products along with the recovery of the automotive industry is anticipated to aid their consumption in the global market.

The cost benefit ratio is expected to drive demand owing to the ability of the product to sustain extreme conditions. Stringent regulations associated with thermoplastic urethane polymer, which serves as a major raw material in paint protection film manufacturing is expected to hamper market growth over the forecast period.

U.S. automotive film market revenue, by product, 2011 - 2021 (USD Million)

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Further key findings from the report suggest:

• Paint protection films are expected to grow at a CAGR of 5.4% from 2017 to 2021on account of increasing awareness among the consumers coupled with reducing price of the product across the regions
• Interior application of the products accounted for USD 3.12 billion in 2016 on account of the growing demand for tinting films in developed economies. In addition, utilization of NVH laminates in vehicle doors is expected to aid application growth.
• Protective Automotive film are expected to grow at a CAGR of 12.0% over the forecast period on account of the rapid growth in the demand for paint protection sheets installed with the intent to protect exterior auto-body paint from dust and scratches
• Aftermarket accounted for majority of the share as compared to its counterpart as Automotive film including wrap, paint protection and tinting are predominantly installed through aftermarket channel owing to the low cost associated with the products
• Asia Pacific is expected to witness the fastest growth in terms of revenue as growing demand for vehicles in developing economies including India & China has bolstered the demand for automotive wraps, paint protective products and NVH film laminates
• The industry is fragmented with major players operating globally. 3M and Avery Dennison accounted for a significant share of the market owing to established business in the automotive industry.

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Coiled Tubing Market Growth To Be Driven By Rising Number Of Shale Gas Projects Till 2025:Grand View Research,inc.

The global coiled tubing (CT) market is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, declining oil production and increasing number of exploration & production activities are anticipated to drive the market growth in the next eight years. In addition, a shift in the trend for developing unconventional oil blocks globally, will boost the market demand. 

Regulations in countries enhancing exploration & production activities will be a supporting factor for the market growth. Favorable initiatives by Chinese and the U.S. governments in the form of relaxed provision of FDI, tax incentives, and other financial aids is estimated to back up the industry growth. However, public concerns and several bans concerning harmful impacts of the technology mainly in countries such as South Africa, France, Tunisia, Romania, and Bulgaria are anticipated to remain key challenges for the industry players over the next few years.

Well intervention is a major service provided by CT technology. the service is carried out in to extend the life of a producing well by improving its performance. Some of the well intervention service includes well completion, well cleaning, and wireline. Sand clean out is the most common well intervention application. It is a complex process and requires pumping a fluid or gasses into the well.

U.S. coiled tubing market revenue by services, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The global coiled tubing market was worth USD 3.25 billion in 2015. The market is expected to grow at a CAGR of 5.1% from 2017 to 2025
• Pumping in terms of coiled tubing unit was the major segment in the year 2016 and is expected to grow at a CAGR of 3.9% from 2017 to 2025
• Circulation operational segment is expected to be the fastest-growing segment over the forecast period
• Offshore segment is expected to be the fastest growing segment, owing to newly discovered oil wells in the deep waters
• North America was the largest market in 2015. It is expected to gain share on account of increasing E&P activities, particularly in the deep sea.
• Asia Pacific market is expected to grow at a CAGR of 5.8% from 2017 to 2025, owing to favorable government regulations and rising foreign investment in the region
• Market is moderately consolidated and experiences the presence of giant and large companies across the value chain
• Schlumberger, Baker Hughes, Halliburton, Weatherford International Inc, Archer Limited, Calfrac Well Services Ltd, Cudd Energy Services, Superior Energy Services Inc., Trican Well Service Ltd., and C&J Energy Services, Inc. are the prime companies operating in the market.

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Conformal Coatings Market Is Projected To Witness Growth Based On Rising Usage In Consumer Electronics & Automotive Industry Till 2024:Grand View Research,inc.

The global conformal coating market is expected to reach USD 15.92 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for conformal coatings in the consumer electronics and automotive industry ow is expected to drive the market growth over the next eight years.

The market is subject to volatile raw material prices. Increasing concerns regarding high VOC content in these coatings is likely to negate growth. Stringent regulations implemented by various government and federal agencies regarding VOC emissions coupled with rising penetration of water based coatings is likely to have a positive impact on demand over the forecast period.

Growing R&D investments by major industry players to develop unique and innovative products & processing technologies such as selective needle dispensing, ultrasonic coatings and even selective film coatings is expected to simplify application procedure which in turn is expected to increase demand over the forecast period.

Conformal coating market revenue, by product, 2013 - 2024 (USD Million)

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Further key findings from the report suggest:

• Acrylic conformal coating was the largest product segment, accounting for over 40% of the overall revenue share in 2015. Superior characteristics including moisture and dust resistance provided by the product is expected to augment growth. In addition, rising demand for the product in automotive electronics is expected to propel demand over the next eight years.
• Medical application accounted for a little over 16% of the overall revenue share in 2015. The growing demand for imaging and therapeutic devices is expected to drive market growth for the product in the industry. Growing use of the product in medical electronics in order to reduce risk of corrosion and heating is expected to drive growth.
• Automotive industry accounted for over 20% of the total share in 2015. Technological advancement and utilization of electronic devices for entertainment, GPS and safety system is expected to aid automotive devices market demand which in turn is anticipated to augment conformal coatings growth in the industry.
• Asia Pacific to account for over 55% of the overall revenue share in 2015 on account of the presence of OEMs of European and American market players. China plays a vital role with respect to manufacturing of electronics owing to inexpensive labor cost and low raw material cost on account of which China is expected to contribute to over 50% of the total Asia Pacific market share.
• Key players in the industry include Henkel AG & Company, KGaA, Shin-Etsu Chemical Co., Ltd., DOW Corning, H. B. Fuller, Chase Corporation, Electrolube, MG Chemicals and Chemtronics.

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Conductive Ink Market Is Anticipated To Grow Quickly Due To Enhanced Application Scope In Automotives, Smart Packaging/RFID & Biosensors Till 2024: Grand View Research, Inc.

The global conductive ink market is expected to reach USD 4.37 billion by 2024, according to a new report by Grand View Research, Inc. Robust demand for miniaturization coupled with efficiency in the electronics industry is expected to fuel the global conductive ink market over the forecast period. These inks are also likely to replace bulky energy consuming wire and circuits in the future. Conductive inks are smaller in size and provide better durability & efficiency as compared to traditional wire circuits.

Factors such as lack of product education, advertisements and information sharing on the part of the manufacturers are expected to critically impact the total market over the forecast period. Researchers and renowned brand owners are trying to overcome these difficulties through the help of media, which is anticipated to create new avenues for industry participants.

In recent years, silver conductive inks have been widely used for various applications owing to its excellent printability and conductivity. However, high prices coupled with scarce availability have forced the manufacturers to introduce its alternatives, which are relatively less expensive, and exhibits same qualities as silver. Copper-based & graphene-based conductive inks are less costly and free from aggregation & oxidation problems.

Moreover, recent advances are being made by manufacturers to introduce newer formulations containing minimal silver formulations. ABLESTIK ECIV-1001, primarily used in automobile application, is a traditional conductive silver ink which is inexpensive and has less silver content.

U.S. conductive ink market revenue by product, 2014 - 2024 (USD Million)

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Further key findings from the report suggest:

• Conductive ink usage in display technology is presumed to grow at an estimated CAGR of 4.1% over the next eight years. This technology is widely used in smart phone innovations and other electronic devices. The increased levels of resolutions coupled with better picture density have resulted in the growth of conductive inks. Silver inks are being widely used in flexible circuitry display devices.
• Asia Pacific emerged as the most dominant regional market and accounted for over70% of total market revenue in 2015. The regional growth can be attributed to the continuous expansion of consumer electronics, printed electronics, and photovoltaic application segment.
• The global conductive ink market is consolidated in nature as a handful number of industry participants holding a major share of the overall market. Industry participants include Polyink, Novacentix, Creative Material, Inc., Sun Chemical Corporation, Voxel 8, and Johnson Matthey Color Technology.

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The Rising Use Of The Product As Wetting Agent In Industrial Applications Is Expected To Drive Ethoxylates Market Till 2025:Grand View Research,Inc.

The global ethoxylates market size is expected to reach USD 14.75 Billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 3.5% CAGR owing to increasing demand in detergents and personal care products by the consumers due to increasing awareness regarding hygiene & health care coupled with exceptional cleansing properties exhibited by ethoxylates.

Growing use of the product in pharmaceutical industry as an ingredient in ointments and emulsions is expected to drive the market growth over the forecast period. In addition, high dependence on ethoxylates based herbicides and insecticides by the farmers, in a bid to increase the crop yield is likely to benefit the market growth.

Technological advancements in the field of metal manufacturing is expected to lead to an increasing demand for the product as a constituent of metal working fluid formulations for foam control is expected to lead to an increase in the demand for the product. The rising use of the product as wetting agent in industrial applications is also expected to have a substantial impact on the demand for the product. Superior properties of the product such as high oxidation resistance, low rinse and excellent de-emulsification has enabled their use for petroleum refining.

U.S. ethoxylates market revenue by product, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Alcohol ethoxylates segment is expected to emerge as the fastest growing product segment, exhibiting a CAGR of 4.2% over the period 2017-2025 Due to increasing demand for detergents, household products
• Pharmaceutical application segment is expected to reach USD 909.0 Million by 2025 owing to increasing use of ethoxylates for high quality emulsifiers in the manufacturing of ointments and emulsions
• Asia Pacific is expected to exhibit highest growth owing to the presence of rapidly developing economies such as India, China, Japan and South Korea coupled with growing manufacturing base involved in the production of cleaning products
• Foam control & wetting agents segment is expected to register a market growth of CAGR of 4.4% over the period 2017-2025 on account of the development of advanced processing techniques resulting in improved quality of the products used in household and I&I cleaning
• The industry is characterized by the presence of a large number of major players involved in the production of high volumes of ethoxylates leading to notable market shares

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Traffic Road Marking Coatings Market Is Projected To Witness Growth Based On Increasing Infrastructure Spending For Constructing New Highways Till 2025:Grand View Research,inc.

The global traffic road marking coatings market is likely to reach USD 6.3 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancement is an important factor for market growth as countries are becoming more concerned about the public health and safety. The growing environmental concerns including harmful air pollutants are driving the need for greener products in a bid to promote a healthy environment.

Paints are regarded as a major source of harmful VOC emissions. This has resulted in the development of thermoplastic coatings and other environment-friendly alternatives over paints. The rate of road fatalities is another primary concern which is forcing regional governments to invest in technological development to ensure highway safety and maintenance. There is a need for technological development to deal with such issues efficiently and improve the global economic condition as well. 

Manufacturers are taking initiatives to develop innovative marking systems and temperature sensitive paints, which in turn is increasing their product sale as more countries are focused toward beefing up their safety and maintenance. Various initiatives to reduce accidents and improve road safety & maintenance are expected to influence the overall market demand positively. The consumer buying behavior is supposed to be influenced by newly developed high-performance coatings with improved characteristics.

Key manufacturers operating in the market include Automark Technologies Sherwin-Williams Company, Geveko Markings, Ennis-Flint, Crown Technologies, Swarco AG, etc.

U.S. traffic road marking coatings market volume by product, 2014 - 2025 (Tons)

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Further key findings from the report suggest:

• Thermoplastic coatings emerged as the fastest product segment.This segment expected to reach 429.0 kilo tons by 2025
• Thermoplastic markings are applied in a thick/built up layer to create rumble strips. This coating sets quickly and will adhere strongly to the surface
• Paint is expected to be the largest segment with a market share of around 44.5% by volume
• Asia Pacific region is expected to emerge as the fastest growing region and will reach a market valuation of USD 1,670.5 million by 2025
• In North America, The Government has rolled out initiatives to enhance road infrastructure, increasing sales, and encouraging the development of durable, high-performance products with enhanced visibility and skid resistance
• There is a high degree of price competition among industry participants. Innovation remains a major factor for competitive advantage and higher profit margins.

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North America Chemical Tanker Shipping Market Will Be Worth USD 339.5 Bn By 2027: Grand View Research, Inc.

The North American chemical tanker shipping market is expected to reach USD 339.5 billion by 2027, according to a new report by Grand View Research, Inc. The growing chemical products exports and low chartered rates are expected to drive the market during the forecast period.

After a severe downfall in 2015 to 2016, the U.S. shale oil/gas is likely to reach its full production scale by 2018. It is also expected to increase its ethylene and caustic soda exports in reliance with associated low energy prices. These factors are expected to drive the chemical tanker market in North America.

The growing economy of Mexico and other South American countries is expected to spur the growth of the market in the region. Moreover, as Mexico enjoys free trade with most of the South American nations, it is expected to act as an added advantage for the industry.

The Great Lakes region is one of the most significant shipping routes for trade between Canada and the U.S.  Charters in this area are expected to maintain competitive freight rates on account of weak spot prices and an oversupply of chemical tankers. However, negative sentiments among manufactures regarding the renegotiation of NAFTA coupled with the lack in supply of chemical tankers is likely to hamper the shipping industry in this region.

The chemical tanker ships used for trading includes inland, coastal and deep-sea ships. The selection of the ships for transportation depends upon the demand size and type of cargos such as IMO I, IMO II, and IMO III. There are approximately 73 tank terminals located in Canada and 1,566 located in the U.S.

U.S. chemical tanker shipping market by shipment route, 2014 - 2027 (USD Billion)

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Further key findings from the report suggest:

• Canadian chemical tanked shipping market is expected to reach a market valuation of USD 60.6 billion by 2027
• The re-stabilization of North American chemical and shale oil & gas industry will heavily contribute to the chemical tanker shipping market growth
• Appreciated dollar rates contributed to slow trade in 2014-2016, making North American products expensive in comparison with the other developed/developing nations. However, exchange rates are likely to decrease in 2017 making American products competitive again.
• Deep Sea shipment route in Canada is expected to have the highest growth rate to reach a market value of USD 41.76 billion during the forecast period
• In 2016, the U.S. shipments through the Great Lakes region were estimated at 7,767.4 kilo tons and is projected to reach 11,494.2 kilo tons by the end of 2027

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Bisphenol a market Is Anticipated To Grow Quickly Due To Growing BPA Demand In Automobile Industry Till 2020: Grand View Research, Inc.

The global market for Bisphenol A (BPA) is expected to reach USD 20.03 billion by 2020, according to a new study by Grand View Research, Inc. BPA is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth. However, health hazards associated with the use of BPA resulting in regulatory pressure is expected to be a key challenge for the industry over the next six years.

Polycarbonate was the largest application segment accounting for 5,083.5 kilo tons of BPA demand in 2013; followed by epoxy resin applications, with market volume estimated at 1,414.7 kilo tons in 2013. Superior performance of epoxy resins, in terms of thermal stability, corrosion protection and mechanical strength for industrial applications is expected to reflect in BPA demand; as a key monomer for these resins.

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Further key findings from the report suggest:

• The global demand for BPA was 7,000.9 Kilo tons in 2013 and is expected to reach 9,618.7 Kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

• Asia Pacific was largest regional market for BPA with 54% of market share and revenue of USD 7.00 billion in 2013. This was owing to the presence of large number of end-user industries coupled with low labor, raw material and operating cost in the region. In addition, many conglomerates have shifted their base to Asia Pacific on account of the aforementioned reasons.

• North America and Europe are expected to witness below average growth, at an estimated CAGR of 4.5% and 4.3% respectively from 2014 to 2020. Governments of Canada and European Union have banned the use of polycarbonate’s derived products resulting in decreased demand for BPA.

• The global BPA market is somewhat fragmented with top four companies accounting for less than 45% of the market in 2013. Key companies in the market include Bayer Material Sciences, Dow Chemicals, SABIC Innovative Plastics and Mitsui Chemicals among others.

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Cumene Market To Witness Growth Based On Growing Demand In Various Applications Such As Laminates, Composites, & Plastics Till 2025:Grand View Research,inc.

The global cumene market is expected to reach USD 28.2 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for phenol from various key end use applications such as construction materials, pharmaceuticals, and adhesives, coupled with advancements in the production process of the chemical is expected to drive market growth over the forecast period. 

Cumene or isopropylbenzene is derived from the reaction between benzene and propylene. It is produced by using catalysts such as zeolite, aluminum chloride, and phosphoric acid. Isopropylbenzene is mainly used for the production of acetone and phenol. The usage of aluminum chloride and solid phosphoric acid as catalysts in the production process have several disadvantages such as environmental hazard, catalyst non-renewability and high corrosion. These factors have resulted in a shift toward using zeolite as catalysts for production.

Phenol application segment dominated the global demand in 2016. Cumene is mainly used for the production of various phenol derivatives, which includes bisphenol A, caprolactam, and alkyl phenols. These byproducts are used in end use industries such as household appliances, adhesives, construction materials and electronic appliances. The global growth in construction, packaging, electronics and pharmaceuticals industry is expected to contribute a rise in demand for phenol byproducts thus benefitting the overall cumene market growth over the forecast period.

Excessive exposure of cumene can cause adverse effects on human health such as dizziness, headaches, and unconsciousness. It also causes irritation of skin and eyes. Fluctuating oil & gas prices is a cause of concern for cumene producers. However, major producers have integrated themselves among the value chain to deal with price fluctuations.

U.S. cumene market revenue by application, 2014 - 2025 (Kilo tons)

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Further key findings from the report suggest:

• Zeolite production process emerged as the largest segment in 2016 and is expected to generate USD 17.9 billion by 2025. The segment is expected to grow at an expected CAGR of 4.3% over the next eight years.
• Phenol segment is expected to grow at an anticipated CAGR of 4.8% over the forecast period. Strong demand from end use industries such as construction and electronics for by products is a major contributing factor for this scenario.
• The market in Asia Pacific region is projected to witness substantial growth over the forecast period owing to strong demand from countries such as China, India, Japan and South Korea
• Key industry participants include ExxonMobil, BASF SE, China Petroleum & Chemical Corporation, Total S.A., Sinopec Group Ltd., Saudi Basic Industries Corporation, and Dow Chemical Company

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Automotive Coatings Market To Witness Growth Based On Surging Demand For Both Passenger & Commercial Automobiles Till 2025:Grand View Research,inc.

The global automotive coatings market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.

Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.

Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.

U.S. automotive coatings market revenue, by product, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa
• Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.
• North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region
• Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.
• The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.
• In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers

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Automotive Adhesive Tapes Market To Witness Growth Based On Increasing Consumption Of Double-Dided Tapes Till 2024:Grand View Research,inc.

The global automotive adhesive tapes market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labeling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth. 

Polyvinyl chloride (PVC) was the largest segment and accounted for 31.4% of the overall volume in 2015 and is expected to witness significant rise on account of superior properties including excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing demand for lamination, insulation, protection and masking of automotive wires will propel industry expansion over the forecast period. 

Double-sided tapes are expected to witness significant volume rise at a CAGR of 6.6% from 2016 to 2024 as on account of its durability, reliability, and sufficient bonding & fixing properties. Furthermore, increasing applications in automotive interior parts in light of better resistance and excellent tacky ability will promote industry expansion over the forecast period. 

U.S. automotive adhesive tapes market revenue, by backing material, 2013 - 2024 (USD Million)

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 Further key findings from the report suggest:

• The global market demand was 5,745.8 million square meters in 2015 and is expected to show high gains in light of growing vehicle production in China, India, and Mexico
• Natural rubber was a prominent segment and accounted for 28.1% of the overall revenue. The product will show growth in light of superior properties including high flexibility, and versatility, and high adhesion.
• North America accounted for over 20% of the global volume share and is expected to witness significant gains in light of robust manufacturing base and rapid growth of the automotive sector in the U.S. and Mexico. National policies promoting the development of vehicles, fuel efficiency, and green policy will also impact future automotive trends. Moreover, the presence of various manufacturers including Dow Company, 3M Automotive, and PPG Automotive will augment growth.
• Latin America is expected to witness significant revenue growth at a CAGR of 7.3% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Increasing foreign investment in the automotive sector in the region is expected to open new market avenues over the next eight years.
• Automotive adhesive tapes industry is dominated by key participants including 3M, Tesa SE, Lintec, and Nitto Denko Corporation. Ongoing product development by various companies to manufacture high-performance and cost-efficient adhesive tapes is expected to augment product consumption over the forecast period. 
• In August 2015, Shurtape launched FP 115 high-performance flatback paper tape to offer moisture resistance and stronghold for the tube, paper, and core manufacturing. In July 2014, Shurtape expanded its line of double-coated tapes with the introduction of DP 401 polyester film tape designed for polyethylene foam fabrication and lamination processes. 

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Automotive Refinish Coatings Market Is Expected To Reach USD 14.88 Billion By 2024: By Grand View Research, Inc.

The global automotive refinish coatings market is expected to reach USD 14.88 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period. 

The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period. 

The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, decorative effects and exterior aesthetic to vehicles.Increasing demand for solid basecoats in motorcycles, trucks and cars owing to the ease of application coupled with basic color effect will increase industry size. 

Browse full research report on Automotive Refinish Coatings Market: http://www.grandviewresearch.com/industry-analysis/automotive-refinish-coatings-market

Further key findings from the report suggest:

• Global automotive refinish coatings market demand was 916.4 kilo tons in 2015 and is expected to witness high gains in light of growing vehicle sales in China, India, and Mexico
• Acrylics was a prominent segment and accounted for 21.1% of the overall volume in 2015. The product will show growth in light of its high usage in waterborne technology. Furthermore, superior properties including resistance to stain, blistering, cracking, and extreme temperatures will fuel its demand over the forecast period.
• North America accounted for 22.8% of the global revenue share in 2015 and is expected to witness significant gains in light of growing need for repair, maintenance, and customization over the upcoming years.
• Latin America will witness significant revenue growth at a CAGR of 6.6% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Prevalence of road accidents along with the growing trend of recreational vehicles in Brazil will fuel industry expansion.
• Automotive refinish coatings industry is dominated by key participants including BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin-Williams. Ongoing product development by various companies to manufacture high-performance and cost-efficient coatings is expected to augment product consumption over the next eight years.
• In December 2015, PPG Industries in collaboration with Asian Paints introduced product line of environment base high performance waterborne automotive refinished paint in Sri Lanka to expand the customer base

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global automotive refinish coatings market on the basis of resin type, technology, product, vehicle age, and region:

Global Automotive Refinish Coatings Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Acrylic
• Alkyd
• Polyurethane
• Others

Global Automotive Refinish Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Solventborne
• Waterborne
• UV-Cured

Global Automotive Refinish Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Primer
• Filler
• Basecoat
• Topcoat
• Others

Global Automotive Refinish Coatings Vehicle Age Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• <5
• 5-10
• >10

Global Automotive Refinish Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-refinish-coatings-market  

                      

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com