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.

Browse full research report on Bisphenol A market

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

Marine Grease Market Is Projected To Grow Due To Enhanced Demand In Bulk Carrier & Cargo Ships, Passenger Ships, Tankers Industries Till 2025: Grand View Research, Inc.

The global marine grease market is expected to reach USD 348.4 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand from the various end-use segments is a key factor driving the growth. The robust growth from shipping industry in Asia Pacific is expected to boost the market further over the forecast period.

Marine grease is a semi-solid substance, used in various vessels such as bulk carrier ships, cargo ships, tankers, passenger vessels as it provides enhanced lubrication under salty water conditions. In addition, it has numerous applications in high temperature and pressure conditions. The market is mainly driven by the demand for the bulk carriers and cargo vessels, as they are exposed to the complex operating environment during transportation of industrial and consumer goods.

In terms of revenue, lithium complex thickener accounted as the largest segment in 2016 and is anticipated to continue its trends with a growth rate of 4.7% over the forecast period. Increasing need for environmentally compatible and multi-purpose grease are the factors anticipated to propel the growth.

The demand is expected to surge owing to the development of new ports in the Asia Pacific region. Different grades as classified by the National Lubricating Grease Institute (NLGI) are used in various end-use areas as they provide the required properties such as resistance to water wash out, and corrosion prevention. Various types of NLGI graded greases are available to cater the requirement of the different types of vessels.

Browse full research report on Marine Grease Market: http://www.grandviewresearch.com/industry-analysis/marine-grease-market  

Further key findings from the report suggest:

• Lithium complex based thickener segment is expected to experience fastest growth in terms of value at a CAGR of 4.7% from 2017 to 2025 due to its property to serve as multipurpose grease
• Bulk carrier & cargo ships are expected to continue its dominance as the largest end-use segment in terms of revenue and is anticipated to reach USD 150.9 million by 2025. Rising purchasing power parity among emerging economies is expected to boost the growth of operation and maintenance of passenger ship segment which in-turn would boost the marine grease, expanding at a CAGR of 5.2% between the period from 2017 to 2025
• Asia Pacific market was valued at USD 88.2 million in 2016 and is projected to reach USD 139.8 million by 2025. Asia Pacific is expected to experience a surge in demand over the next eight years owing to new ports constructed in this region. In terms of revenue, the regional market is expected to grow at a CAGR of 5.3% between 2017 to 2025
• Key players including ExxonMobil Corporation, Chevron Lubricants, Shell Plc, Total Lubmarine, Lukoil Marine, Gulf Oil Marine, Penrite Oil are expected to hold significant share in the global market

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the global marine grease market on the basis of end-use, thickener type and region:

End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Bulk Carrier & Cargo Ships
• Passenger Ships
• Tankers
• Others

Thickener Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium or Lithium Complex
• Calcium
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Netherlands
• Asia Pacific
• China
• India
• Japan
• Singapore
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-marine-grease-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

Bentonite Market Will Witness Growth Based On Rising Product Use As Anti-Scalants In Foundry Sands & Water Treatment Till 2024:Grand View Research,inc.

The global bentonite market size is expected to reach USD 1.93 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use as anti-scalants in applications such as foundry sands and water treatment will augment market growth over the next eight years.

The increasing use of bentonite in iron ore pelletizing, pet litter, drilling mud, civil engineering and refining applications will fuel the product demand. Rising application scope of bentonite as a bonding agent in non-ferrous and ferrous foundries is expected to propel product growth over the forecast period.

Sodium bentonite is employed as a key constituent of drilling fluids for boring holes of small diameter in environmental monitoring wells, and mineral exploration. Furthermore, it is used in horizontal directional drilling as lubricants to place pipelines and utility cables under highways, streets, buildings & environmentally sensitive areas without disruptive surface trenching. The growth of aforementioned application segments is expected to fuel product demand over the forecast period.

Bentonite possesses properties like water absorption which makes it an excellent sealant for environmental applications. Bentonite products are also used in boring tunnels, subways & highways and pipelines installation to transport sewage, storm water & drinking water. This is expected to fuel product need over the next eight years.

Browse full research report on Bentonite Market: http://www.grandviewresearch.com/industry-analysis/bentonite-market

Further key findings from the report suggest:

• Calcium bentonite is expected to witness the fastest growth at a CAGR of 4.7% from 2016 to 2024 as a result of its ability to absorb a large amount of water and form thixotropic and viscous suspensions.
• Foundry sands as an application for bentonite will witness the fastest growth in terms of volume at a CAGR of 4.5% from 2016 to 2024 owing to its superior bonding properties.
• Latin America market is expected to witness significant growth and was estimated at over USD 110 million in 2015 on account of rising infrastructure development and increasing exploration activities.
• Key participants include AMCOL International Corp., Wyo-Ben Inc., MidPoint Chemicals Company, LLC, Hindustan M-I Swaco Limited, Charles B. Chrystal Co. Inc., Cimbar Performance Minerals Inc., Amsyn Inc., Kutch Mineral, Clariant AG, Minerals Technologies Inc., Bentonite Performance Minerals LLC. and Pacific Bentonite Ltd
• Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.

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Grand View Research has segmented the global bentonite market on the basis of product, application and region:

Product type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Sodium
• Calcium
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Foundry sands
• Iron ore pelletizing
• Cat litter
• Drilling mud
• Civil Engineering
• Refining
• Others

Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

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

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-bentonite-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