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Geotextile Market Size, Trends, Shares, Insights and Forecast – 2027

Geotextiles are geosynthetic materials that have over 80 applications and are widely used since over the last decade. They offer excellent characteristic of resistance to biodegradation, and hence are the material of choice across various sectors. Geotextiles are synthetic fibers that can be made into a flexible, porous, nonwoven needlefelt fabric. They are porous to water flow to a varying degree. Geotextiles are used in filter mechanisms for earth dams, behind retaining walls, in roads and highways, in reservoirs, deep drainage trenches, and have various agricultural applications.

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Geotextiles are used for construction of roads, harbor works, drain, land reclamation and breakwaters, and numerous other civil engineering applications. Heavy geotextiles find application in reinforcement of earth structures with the help of fill materials. This is owing to characteristics such as and high tensile strength and high soil fabric friction coefficient. Nonwoven geotextiles are used in rivers canals and coastal networks for providing hydrostatic uplift after the formation of clay slit.

In erosion control, geotextiles are an ideal protection from erosion of earth embankments by currents, repeated drawdown, and wave action. A layer of geotextiles is placed to prevent leaching of fine material and easily be placed below water. They can be used for rock beaching or as mattress structures. In agricultural fields, nonwoven geotextiles are used for the enhancement of muddy paths and trails used by cattle. Woven polyester geotextile is used in supporting reinforced soil structures, bridge foundations, road and rail embankments, and landfills owing to characteristics such as high tenacity, high tensile strength, high resistance against soil environments and excellent resistance to creeping.

Geotextiles Market Outlook – Need for Durable Materials Expected to Boost the Demand

Development of roads and infrastructure is one of the major factors contributing to the growth of geotextiles market. Asia Pacific is one of the major contributors in the global geotextiles market globally. Rapidly flourishing urbanization has led to the increase in the requirement of new roads and modern infrastructure. According to IBEF, India has the second-largest road network in the world and is expected to reach total revenue of US$ 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. This mainly attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.

High initial price is expected to be one of the restraining factors for the growth of geotextile market over the forecast period. Fibertex Nonwovens, a leading manufacturer of nonwoven textiles in Europe, acquired the nonwoven business of Ribatek, a Turkish non-woven fabric manufacturer. This has aided an increased production capacity to the non-woven fabric products and will help the company to increase the reach in Turkish market. Some of the major companies operating in the global geotextiles market are GSE Holdings Inc., The Dow Chemical Company, Royal Ten Cate Corporate EMEA, Fibertex Nonwovens A/S, Low & Bonar PLC., Huesker Synthetic GmbH, Tenax, CTM GEO Synthetics, Leggett & Platt Incorporated and Kaytech Engineered Fabrics.

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Elastomeric Coating Market Size, Trends, Shares, Insights and Forecast - 2026

Elastomeric coating is higher volume solid as compared to conventional paints. The main advantage of elastomeric coatings is that it helps secure hairline cracks on the surface. These coatings tend to stretch on these surfaces and thus, provide basic protection to the applied surface from external damage. This has propelled the use of elastomeric coatings in the construction industry. Elastomeric coatings are used extensively on mineral surfaces which develop cracks due to temperature variation. Elastomeric coatings offer numerous advantages such as high solid residue as compared to paints, excellent physical and chemical resistance, and exceptional transparency, glossy finish when used with metals.

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Elastomeric coatings have received increased acceptance amongst various end users due to properties such as enhanced durability and resistance to temperature variations unlike conventional paints. Elastomeric coatings are also used to coat the surface of plastic parts used in the automotive industry. Elastomeric coatings can also be applied on metals such as steel, which has a hydrophilic nature and if left unprotected can eventually leads to corrosion. Elastomeric coatings are also applied on roofs to provide cooling effect and protect concrete roofs from damage due to varying climatic conditions.

Wall coating product segment is expected to remain dominant in the global elastomeric coating market, due to its wide application in the construction industry. Wall coatings offer properties such as water resistance to the surface. Roof coatings offer numerous advantages such as high tensile strength, thermal emissivity, dirt resistance, substrate adhesion, and solar reflectivity. This has increased the consumption of roof coatings in the last few years, which has augmented growth of elastomeric coating market. Acrylic coatings are used in wall coatings, roof coatings and also for surface coatings and thus, remains the most widely used elastomeric coatings product. Acrylic coatings provide excellent color retention property in outdoor conditions.

Elastomeric Coating Market Outlook – Burgeoning demand for Waterproof and Durable Coatings to support Flourishing Construction Sector

Asia Pacific is expected to be the most potential market for elastomeric coating manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Growing population coupled with rapidly increasing construction and automotive industries is expected to fuel demand for elastomeric coatings in the region. This trend is expected to sustain over the forecast period. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—by the end of FY20 the Indian construction industry is expected to reach a value of US$ 5 billion. Increasing demand for high quality and sustainable structures is increasing consumption of elastomeric coatings. Rapid growth of the construction industry in Asia Pacific is a key driver for the market.

Fluctuating prices of raw materials is expected to be one of the restraining factors for the growth of elastomeric coating market over the forecast period. Coating resin used for manufacturing elastomeric coating is derived from petroleum products, something that is subject to high price volatility. Volatile Organic Compounds (VOC) regulations govern the elastomeric coatings market. The National Volatile Organic Compounds Emissions standards enforced by the According to U.S. Environmental Protection Agency aims to reduce VOC emissions by 90,000 tons per year in order to reduce environmental impact. To reduce VOC content in Hong Kong, the government has passed many regulations to prohibit import and manufacture of products which exceed the VOC content limit. Continuous research and development to find alternatives to raw materials such as use of vegetables oils and production methods to reduce VOC emissions is one of the key strategies adopted by the top players in elastomeric coating industry. Some of the companies operating in the global elastomeric coating market are BASF SE, Progressive Paintings Inc., The Dow Chemical Company, Sherwin Williams Company, PPG Industries Inc., Industria Chimica Adriatica SpA, Nippon Paints, Clariant, The Valspar Corporation, and Rodda Paints, among others.

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Plastic Additives Market Enormous Growth with Attractive Opportunities

Plastic additives are chemicals that are used to polymerize, process or help achieve desired properties in the end use of plastics. Plastic additives offer various characteristics such as improved resistance to chemicals, water, and scratches, reduced coefficient of friction, enhanced gloss, improved water repellency, suppression of shark-skin, and lowered surface roughness.

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Plastic additives are also used to improve the ease of processing of plastics, by increasing its flowability. Internal lubricants help improve the melt flow of materials by lowering the heat dissipation and viscosity. Plastic additives in comparison to other additives, better prevent the risk of microbiological deterioration of plastic materials that are prone to staining, odor, discoloration, and aesthetic loss. These beneficial properties of plastic additives over other additives are responsible for boosting growth of the plastic additives market. Plastic additives are most importantly effective on materials with electrical insulating properties and mechanical properties.

Plastic additives are widely used in the automobile and construction industries, owing to properties such as improved strength of impact, improved coupling, higher elongation, reduced brittleness, and higher plasticity. In the automotive industry, these additives have gained increased acceptance in applications such as interior scratch resistance in trims or panels for interior scratch resistance, and in high glossy panels for the decoration of middle consoles. Growing popularity of cost-effective automotive interiors, in turn, is expected to fuel growth of the plastic additives market. The consumer goods industry employs these additives due to the easy process involved in its recycling. In the construction industry plastic additives are used to maintain appearance and properties, thermal protection, long-term durability, and for maintenance of integrity of polymer properties during processing. Plastic additives also extend the lifetime of UV sensitive construction applications. Growing construction industry around the globe, is in turn, expected to boost growth of the market for plastic additives.

Plastic Additives Market Outlook – Increasing Demand for Recyclable Materials to be the Major Market Driver

Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is mainly attributed to the growth in various end-use industries such as automotive and construction, especially in emerging economies such as China and India. According to IBEF, US$ 300 billion is projected to be generated by the Indian automotive industry by 2026. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India, with the aim to promote and create international awareness of goods manufactured in India. On the other hand, Europe also provides lucrative opportunities for plastic additive manufacturers due to increasing use of plastic material in automobile, consumer goods, and construction industries.

Reusable property of plastic is fueling the demand for plastic additives, especially in the Asia Pacific and Middle East regions. However, stringent rules and regulations on the use of plastic products is expected to be a major restraining factors for growth of the plastic additives market over the forecast period. The U.S. Food and Drug Administration (FDA) has implied safety concerns with the use of recycled plastic materials in food-contact for contaminants occurring from the post-consumer material in the final food-contact product made from the recycled material.

Developing plastic additives adhering to environmental concerns is a key strategy adopted by the major players. Some of the major companies operating in the global plastic additives market are BASF SE, Songwon Industrial Co. Ltd., Clariant AG, Albemarle Corporation, and The Dow Chemical Company.

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#Plastic Additives Industry Insights #Plastic Additives Industry

Insights on the Salicylic Acid Market to 2027

Salicylic acid is an organic white crystalline solid which is highly soluble in water. It is derived from the metabolism of Salicin, which is an anti-inflammatory agent extracted from willow bark. Salicylic acid is produced naturally from certain plants and can also be produced synthetically. It can be produced naturally through a biosynthesis process of phenylalanine—an amino acid found in certain plants. Salicylic acid is produced synthetically by treating sodium phenolate, at high pressure and high temperature, with carbon dioxide to yield sodium salicylate, which is later acidified using sulfuric acid to yield salicylic acid.

Salicylic acid is a multifunctional ingredient that has pain relieving and anti-inflammatory properties. It is mainly used in manufacturing aspirin and other personal care products. Consumption of aspirin is increasing in emerging economies of Asia Pacific, which has resulted in growth of salicylic acid market at an annual growth rate of 8% in the recent past.

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Prevalent Scenario in Salicylic Acid Market

Growing consumer awareness about the health benefits of salicylic acid-based skincare and hair care products is a major factor fueling growth of the global salicylic market. The hair care and skincare products offered by the manufacturers are in line with the current trends of products offering various medical benefits such as dandruff removal, hair fall, acne, psoriasis, or other skin diseases. Salicylic acid is a widely used commercial chemical and forms an important component of aspirin. The rise in human infectious diseases has resulted in large populations suffering from common fever, cough, and cold, which inadvertently fuels demand for aspirin as a pain killer. This has in turn resulted in increasing demand for salicylic acid. Apart from its use in aspirin, salicylic acid is also used as a key additive in variety of pharmaceutical products such as drugs, lotions, and ointments. Salicylic acid is incorporated into wide range of pharmaceutical, personal care, and food applications and thus, manufacturers need to comply with stringent regulations implemented by various international and local regulatory bodies, especially in U.S. and Europe. Due to an increase in Gross Domestic Products (GDP) of these regions, the global cosmetics industry has been growing by an average of 4.5% over the last 20 years. Thus, the expansion of salicylic acid market is greatly influenced by the increasing demand from North America and Europe regions. Salicylic acid is also used in a wide range of food processing applications to prevent spoilage of packaged food products and fermentation.

Safety of cosmetics is a major concern, as the ingredients used in manufacturing the cosmetic products can have adverse health effects and can result into severe dryness, skin blistering, and skin irritation. As the cosmetics industry is expanding, there increasing number studies carried on safety of these products and are regulated by related authorities. The ever-changing and evolving regulatory scenario results in high costs for research and development in order to ensure compliance. This hampers growth of the market to a certain extent. Rising consumer awareness about the harmful effects of beauty ingredients is driving the consumer demand for naturally derived products from grapes, rosemary, thyme, and tree oil as an alternative.

Fragmented Market

The Global Salicylic Acid market is highly fragmented due to the participation of many established and emerging players in the digital genome market. Major players involved in the market include Alfa Aesar (U.K.), Alta Laboratories Ltd. (India), Hebei Jingye Group (China), JM Loveridge Limited (U.K.), Novacap (France), Shadong Xinhua Longxin Chemical Co., Ltd. (China), Siddharth Carbochem Products Ltd. (India), Simco Chemical Inc. (Canada), Zhenjiang Gaopeng Pharmaceutical Co., Ltd. (China).

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#Salicylic Acid market

The Growing Role of Carbon Fiber-Reinforced Plastics (CFRP) Market

Fiber reinforced composites finds its application in various fields of engineering such as automotive, aerospace, and defense industries. Various advancements in technology, have led to development of lightweight composites with high tensile strength. Carbon fiber reinforced plastic, also referred to as carbon fiber reinforced thermoplastics, and is manufactured by blending carbon fiber with plastic, in order to enhance its strength. Carbon filaments produced from polymers such as polyacrylonitrile (PAN), rayon, and petroleum pitch, are the essential elements used in the manufacturing of CFRP. The carbon fiber is woven into resin, mostly epoxy resin, to culminate in the formation of a material exhibiting extremely high strength, rigidity, low density, excellent damping properties, and high resistance to thermal expansion. CFRP also exhibits enhanced electrical and thermal conductivity as compared to glass fiber reinforced plastics (GRP).

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These key attributes of CFRP allow for its incorporation in a wide range of applications such as aerospace & defense, wind energy, automotive, sports equipment, construction equipment, pipe & tanks, marine, electrical, and electronics. Methods such as molding, vacuum bagging, compression bolding, and filament winding are used in the manufacturing of CFRP. Carbon fiber and carbon fiber reinforced polymers are recognized as clean energy technologies by the U.S. Department of Energy (DOE), Office of Energy Efficiency, and Renewable Energy (EERE). Major contributors of the CFRP market share include the aerospace, defense, wind energy, and sports equipment industries.

Prevalent Scenario in Carbon Fiber Reinforced Plastics Market

Carbon fiber reinforced plastics are extensively used in the aerospace industry for manufacturing aircraft. Aircraft manufacturers such as Boeing and Airbus are enormously investing in research and development activities as means of manufacturing aircraft capable of withstanding high environmental stresses. These aerospace applications are subject to high standards, stringent compliances, and incur high licensing & inspection costs. Stringent regulations on vehicle emissions have compelled the key automotive manufacturers such as Volkswagen, BMW, Ferrari, and Audi to lay more emphasize on reducing the weight of automobiles. In order to curb the weight of vehicles, CFRP is being widely used as a polymer composite, resulting in improved fuel-efficiency of vehicles. Also, stringent regulations such as Corporate Average Fuel Economy (CAFÉ) standards in the U.S. and carbon emission standards in Europe have led to an increasing demand for lightweight composites, in turn, driving growth of the CFRP market.

Growing awareness about renewable energy among the populace, has increased the installation of wind farms, in turn, fueling the demand for CFRP products. The thermosetting CFRP products consist of cross-linked polymers, which do not melt at high temperatures, during the curing procedure. This property increases the significance of thermosetting CFRP, among others and is used in variety of applications, thus contributing a major market share in the CFRP market. The cost of manufacturing of CFRP products is higher than that of glass and steel polymers, thus resulting in higher selling price of these products. Research and development of the CFRP products and its incorporation into a wide range of applications, also incurs high costs. The manufacturing of CFRP products is highly dependent on the supply of large volumes of raw materials, which leads to limited production capacities. North America market contributes to a larger market share as compared to Europe, due to increasing research and development in aerospace and defense industries in the region. However, the presence of large number of major automobile manufacturers in Europe, positions it as a high growth region in the global CFRP market.

Fragmented Market

The global carbon fiber reinforced plastics market is highly fragmented due to the presence of many established and emerging players in the CFRP market. Major players involved in the market include Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.).

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Personal Care Products Market Enormous Growth with Attractive Opportunities

Personal care products are primarily used to help maintain and enhance personal hygiene and physical appearance of an individual. These products are thus widely used across every household, by people belonging to all age groups, genders, and ethnic and economic status. Hygiene, the imperative to human health and wellbeing, is also the precursor to several diseases such as tuberculosis and malaria. Increasing preference for personal care products over the recent past is a result of increasing consumer awareness about various hygiene-related diseases as well as the benefits of such products to reduce risk of the spread of these diseases.

This in turn, is boosting growth of the personal care products market. Furthermore, rising health consciousness among the populace over the recent past, is increasing inclination towards natural and organic personal care products, owing to increasing awareness about the negative health impacts of synthetic personal care products.

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Major factors driving growth of the global personal care products market include increasing consumer inclination towards enhancing and maintaining personal aesthetic appeal, growing concerns regarding personal hygiene, and the growing retail industry. However, high product costs as well as growing consumer inclination towards homemade remedies such as honey wash, lavender cream, and homemade toothpastes pose as major restrains to growth of the personal care products market. Synthetic personal care products can cause a variety of health issues such as eye irritation, skin rashes, hormonal issues, throat and nose infection, and in some cases cancer. To tackle this issue, organizations such as the FDA are focusing on creating and implementing guidelines regarding cosmetics production and usage. For example, FDA implemented the 21 CFR Laws pertaining to cosmetics, in which a cosmetic product is evaluated to determine its safety for consumer application. Such laws are influencing several manufacturers to develop natural products, in turn, boosting market growth. For example, Allnatural Cosmetics introduced a variety of natural personal care products, including Paul Penders BB Cream, Lumino Teeth Brightener, and Lumino Foot Butter.

Personal Care Products Market Outlook – Rising Demand for Multifunctional Personal Care Solution to Fuel Market Growth

Increasing number of consumers are seeking to simplify daily beauty schedules, owing to their busy lifestyle. This has resulted in an increasing demand for multifunctional personal care products, meaning one product suffices several cleansing needs. These products offer various features such as cleansing, anti-aging, antioxidant properties, miniaturization, and UV protection. This in turn, reduces the time spent on cleaning as well as cost incurred by purchasing various products. For instance, Sana Pore Putty Keana Pate Shokunin, a Japan-based personal care products brand launched BB Cream Pore Tight Life SPF 50+ that offers multifunctional features. This product can be used as serum, makeup primer, sunscreen, and concealer among others. Watsons Personal Care Stores based in China introduced Watsons Collagen Mineral BB Cream that contains minerals and fish collagen. This cream can be used as skin softener, moisturizer as well as brightener. Increasing number of beauty conscious females as well as increasing number of metrosexual males are increasingly being inclined towards protecting and maintaining skin health. This in turn, is boosting growth of the market. Also, large-scale advertisements promoting various products are further fueling market growth. According to the Simmons National Consumer Survey (NHCS) based on the U.S. Census data in 2016, around 1.35 million people spent over US$ 500 on skin care products, in the U.S., the number for which is expected to increase over the forecast period.

Asia Pacific is expected to be the fastest growing region in the global personal care products market during the forecast period, owing to growing awareness regarding personal hygiene, growing inclination towards men’s grooming products, and burgeoning growth of the retail industry in the region.

Product innovation is one of the key strategies adopted by the leading players in the personal care products market. Manufacturers are focusing on producing multifunctional personal care products and sachets to further enhance their global presence. Some of the major companies operating in the global personal care products market are Estee Lauder, Yves Rocher, The Body Shop, The Hain Celestial Group, L’Oreal S.A., Colgate-Palmolive Company, Johnson & Johnson, Unilever PLC, Avon Products Inc., Procter & Gamble, and Kao Corporation.

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Agrochemical Market - The Chemical Induced Protectors of Crops

Agrochemicals is the generic name of chemical products used in the agricultural field. These include pesticides, insecticides, fungicides, herbicides, nematicides, synthetic fertilizers, bio fertilizer, and chemical growth agents, among others. Increasing population and surging urbanization in turn puts additional pressure on the already diminishing farmlands. Agrochemicals help to effectively cultivate and manage crops to increase production. Thus, these factors greatly support growth of the global agrochemicals market. Various government and non-governmental organizations are focusing on addressing this global concern by increasing funding for programs related to the agricultural sector.

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The World Bank implemented 146 projects during 2014–2016, which provided agricultural services and assets to 17 million farmers globally, in turn augmenting growth of the market. The U.S., China, and Japan are the largest producers of agrochemicals, while North America, followed by Asia Pacific are the largest consumers in the global agrochemicals market. Population explosion in countries such as India and China, along with rapid economic growth in these countries is expected to position Asia Pacific as the fastest growing market for agrochemicals in the near future.

Global Agrochemicals Market Outlook – Surge in Food Grains Demand Augmenting the Market Growth

The global agrochemicals market is expected to be fueled by increasing global population and subsequent increasing demand for food grains. Moreover, rampant urbanization over the recent past has led to a steep decline in farmlands. According to 2017 Census of Agriculture, farm lands in the U.S. declined to 900,217,576 acres in 2017 from 914,527,657 acres in 2012. This increases adoption of duel cultivation, wherein various fertilizers are used to maintain the fertility of the soil and pesticides help improve crop yield. According to Food and Agriculture Organization (FAO) of the United Nations forecast, world cereal production in 2019, was pegged at around 2,708 million tons, higher from 55.4 million tons (2.1%) in 2018. This scenario is projected to generate higher demand for agrochemicals over the forthcoming years.

Global Agrochemicals Market Challenges – Environmental and Health Impact

Despite its numerous advantages, agrochemicals are also associated with certain environmental and health issues. Excessive use of fertilizers has led to ground water contamination with toxic chemicals such as nitrate. Drinking of nitrate-contaminated water causes certain diseases such as immobilization of hemoglobin in blood, reduced oxygen supply, among others. Moreover, the pesticides used for pest control such as DDT, dieldrin, aldrin, among others have significant impact on environment and living beings. In the U.S., numerous wild birds die every year due to the use of an agricultural pesticides carbofuran. Carbofuran granules resemble the size and shape of grain seeds, which are the staple diet of most birds. The detrimental impact of insecticides and pesticides on the environment is expected to be the key challenge in the global agrochemicals industry. This has in turn led to increasing efforts by manufacturers and regulatory bodies alike to develop non-toxic natural pesticides and herbicides. This trend is further supported with increasing consumer inclination towards organic food products, which necessitate use of organic pesticides and insecticides. This is a perceived threat to the market, as most natural pesticides are homemade.

Key players in the market include Agrium, BASF SE, BAYER AG, Dow AgroSciences, DuPont, Monsanto Company, Sumitomo Chemical Co., Syngenta AG, The Mosaic Co., Yara International, Gharda Chemicals Ltd., Drexel Chemical Company, Qatar Fertilizer Company, Cf Industries, Israel Chemicals Ltd., American Vanguard Corporation, Rotam Corpsciences, FMC Corporation, and Zuari Agro Chemicals Ltd.

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Acetate Salt Market All Set to Witness Massive Growth

Acetate salts are clear and colorless crystals or liquid (in aqueous form) derived from acetic acid. Acetate salts are low toxic compounds that provide good buffering properties—ability to maintain solutions at relatively constant pH despite changes in acid or base concentration. These salts are extensively utilized in various end user industries such as pharmaceuticals, food processing, and water treatment industries, among others.

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Market Dynamics

The global market for acetate salts is primarily driven by growing demand of food, chemicals and construction industry. It is used to neutralize sulfuric acid in the textile industry. Moreover it is used as a barrier to water in the concrete structures across the globe.

Other factors including rapid depletion of fresh water reserves in countries in Asia Pacific and the Middle East fueling demand for acetate salt for water treatment, to recover magnesium salt from brine and aluminum salt from aluminum hydroxide by various industries to reduce investment made for raw water treatment equipment installation.. Moreover with the increase in population and growing urbanization, rapid adoption of frozen and canned food demand increasing across the globe..

However, the market faces certain drawbacks such as presence of benzoic acid and sodium benzoate that are commonly used as food preservatives, which are easily available in the market and rapidly maturing market in developed economies of North America and Europe, inadvertently leading to plunge in profitability.

Regional Analysis

The market has been geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In terms of consumption in 2016, North America dominated the market, followed by Asia Pacific, and Europe, respectively. Highly advanced pharmaceuticals industry and widespread presence of superior quality of water treatment solutions in North America makes it the largest acetate salt market. Furthermore, high consumption of frozen and canned food in the region is a major factor driving growth of the acetate salt market in North America.

However, Asia-Pacific, currently the second largest market, is expected to witness maximum growth rate during the forecast period (2016-2024). Owing to factors such as rapid industrialization & urbanization, growing population, dynamic economic development and improved standard of living, Asia-Pacific is currently witnessing significant rise in all major end-user segment of acetate salt market such as pharmaceuticals, food processing, and water treatment industries, laboratories textile industries, dyes industries and rubber industries, among others.

Opportunities and Major Players

Sodium acetate is used to neutralize the sulfuric acid from waste pipes in the textile industry. Burgeoning growth of the textile industry, especially in Asia Pacific is expected to boost growth of the market over the forecast period.

The market of acetate salt is highly fragmented, with the presence of only few global players. Majority of the players in this market are local players, with better access to distribution in their local market.

Major companies dominating this market for its products, services, and continuous product developments are:

Jost Chemicals

Dow Chemicals Company

Shepherd Chemical Company

Karn Chem Corporation

Chang Shu Nan Hu Chemical Co., Ltd.

Wuxi Yangshan Biochemical

NOAH Technologies Corporation

Allan Chemical Corporation

CABB GmbH

Nantong Zhongwang Additives Co., Ltd

Shanxi FanRongFu Chemical Factory

Niacet Corporation

FRP Services & Company

Merck Millipore

Avantor Performance Materials

Solvay

Alfa Aesar

Loveridge Ltd.

Amresco LLC.

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Wireline Services Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

Wireline services, also known as electrical cabling technology, is used in the oil and gas industry for reservoir evaluation, pipe recovery activities, and intervention processes. These services involve the usage of multi-strand cables to carry equipment into wells for purposes such as data acquisition and enhancing performance of wells by providing real-time, quantified, and accurate data. Increasing on-going drilling and completion activities is one of the major drivers for growth of the wireline services market. For instance, in 2018, Exxon Mobil Corporation announced its seventh oil discovery offshore at Guyana, drilling at the Pacora-1 exploration well.

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Moreover, in 2018, Africa Energy Corp. announced its intention to drill an exploration well in 2019, on Block 2B offshore the west coast of South Africa. Increasing drilling and completion activities is attributed to continuous increase in demand for energy around the globe. For instance, according to world energy organization, global demand for energy is projected to increase with a CAGR of 6.6% during the period of 2014–2020. This in turn, is increasing the demand for deep well exploration to extract more oil from each well. This in turn, is expected to increase the demand for wireline services, and is expected to drive growth of the market over the forecast period.

Cased holes segment is expected to be the fastest growing segment over the forecast period

Among well type, the cased hole segment held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The segment is estimated to generate revenue of US$ 15.7 billion in 2017, and is projected to reach US$ 25.8 billion by 2025. Cased hole services comprise executing logging measurements with the help of well chasing or metal piping inserted at the time of well completion activities. Cased hole wireline services are crucial for casing, cement evaluation, and saturation logging, which enables operators to closely examine the well capacity and optimize production. Also, it allows operators to take immediate corrective actions on any issues that arise. Cased hole wireline services thus, offer highly accurate well assessment along with maximum asset recovery, due to which the growth of this segment is rapidly increasing.

The global wireline services market generated revenue of US$ 19.9 billion in 2017, from US$ 19.7 billion in 2016. The market is expected to generate revenue of US$ 33.9 billion by 2025, exhibiting a CAGR of 6.8% over the forecast period (2017 – 2025).

North America held the dominant position in wireline services market in 2017.

North America held a dominant position in the market in 2017, and is projected to retain its dominance throughout the forecast period. The market in North America is estimated to generate revenue of US$ 9.3 billion in 2017, and is projected to reach US$ 15.8 billion by 2025, exhibiting a CAGR of 6.9% over the forecast period. The U.S. and Canada are major countries contributing to the growth of North America wireline services market, owing to increasing number of well completions in North America. According to the Baker Hughe’s worldwide rig count, from the total of 1918 oil rigs worldwide, North America accounts for around 985 rigs. The region has large number of advanced oil rigs with various technologies integrated for effective monitoring and maintenance, which is propelling demand for wireline services. Furthermore, presence of leading market players in North America is another factor fueling growth of the wireline services market.

Major players operating in the global wireline services market include GE Oil & Gas Corporation, Superior Energy Services Inc., FMC Technologies Inc., Pioneer Energy Services Corporation, Schlumberger Limited, C&J Energy Services Inc., Allied-Horizontal Wireline Services LLC., Weatherford International, and Halliburton Company.

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Personal Protective Equipment Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

Personal protective equipment is a safety tool used by workers to protect against hazards at the workplace. Protective clothing, respiratory protection, head eye and face protection, hearing protection, fall protection, professional footwear, and hand protection are some of the personal protective equipment.

The global personal protective equipment market is projected to surpass US$ 55 billion by the end of 2027, in terms of revenue, growing at CAGR of 8.3% during the forecast period (2020 to 2027).

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Drivers

High demand for personal protective equipment from the chemical industry is projected to propel the market growth. In the chemical industry workers are required to safeguard themselves from hazardous chemicals as these chemicals lead to various health issues. Increasing investment by government on the worker's safety in the chemical industry is another major factor augmenting the market growth of the personal protective equipment.

Growing awareness regarding the importance of workplace safety is expected to drive the market growth of the personal protective equipment. The growing need for respiratory equipment across mining industry coupled with the increasing instance of hand injuries at the workplace is also projected to spur demand for the hand personal protective equipment such as gloves over the forecast timeframe. Hence, growing awareness regarding the importance of workplace safety is projected to foster the market growth.

Regionally, Europe dominated the global personal protective equipment market in 2019, reporting 33% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Global Personal Protective Equipment Market - Impact of Coronavirus (Covid-19) Pandemic

World Health Organization (WHO) is focusing on working with governments and industry to boost the production rate of PPEs. According to WHO estimates, in order to meet the rising global demand, manufacturers are required to increase the PPE production by 40%. Governments are focusing on easing restrictions on the export and distribution of personal protective equipment and other medical supplies to ramp up production. This is expected to fuel the growth of personal protective equipment market in next few years till mid quarter of 2022.

Competitive Section

Key players are operating in the global personal protective equipment market are 3M Co., Alpha Pro Tech, Ltd., Ansell Ltd., Avon Rubber P.L.C., Jal Group, Cofra Holding Ag, Oftenrich Holdings Company Limited, Honeywell Safety Products, Rock Fall Ltd. And Uvex Safety Group

Few Recent Developments

In April 2019, 3M has collaborated with Cummins to speed up the production of high-efficiency particulate filters to be used in 3M's powered air-purifying respirators (PAPRs).

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Color Cosmetics Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

Color cosmetics are a mixture of chemicals that are used to enhance the appearance or divulging an aroma to the human body. The color cosmetics market is expected to witness growth, owing to increasing nail care segment. For instance, Avon’s new wellness brand Espira launched in 2018 is expected to boost growth of the nail care sector. Introduction of various features such as improved skin texture in facial makeup segment and other skin care benefits such as improvement in skin tone, moisturizing, and inclusion of anti-aging properties are expected to fuel growth of the color cosmetics market during the forecast period.

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Increasing inclination of women towards aesthetic appeal is one of the major driver for growth of color cosmetics market. Furthermore, new product launches such as new double wear foundation in 2017, increasing retail presence such as launch of new Sephora stores in Indian market are some of the factors playing a key role in the market. For instance, Sephora, a premium cosmetics retailer plans to open over ten to twelve stores by 2018 across the Indian market. Furthermore, increasing disposable income of population coupled with increasing adoption of branded products are driving the demand for premium color cosmetics products. Some of the leading vendors in the premium color cosmetics market include Coty, Chanel, Estee Lauder, LVMH, and Shiseido.

Furthermore, sales through online distribution channel is key factor driving growth of the market. The e-commerce platform allows consumers to compare a wide range of products before buying them. For instance, online cosmetic sales in China accounted for around 37% sales in 2017.

On the basis of product type, color cosmetics market is segmented into nail care, lip care, eye make-up, and face make-up. On the basis of distribution sector, the market is segmented into hypermarkets, supermarkets, specialty stores, and online stores. Face make up segment is expected to account for the highest revenue share over the forecast period, due to increasing availability of cosmetic products at low prices. According to Coherent Market Insights analysis, the face make up segment is expected to grow at a CAGR of 5.6% during the forecast period.

Asia Pacific is the dominant region in the global color cosmetics market and was valued at US$ 18.40 Bn in 2016. China is leading market in this region, owing to increasing prevalence of western culture and demand for branded products. In 2016, L’Oreal led the color cosmetics market in China owing to its high brand presence and extensive distribution network. India stands to be another important market for color cosmetics owing to growing demand from tier 2 and tier 3 cities. Owing to the stiff competition and market maturity, retailers are increasing their presence to tier 2 and tier 3 cities to gain market presence. Color cosmetic products such as lip sticks and nail polish are some of the most popular products across all age groups in India. In addition to this, entry of foreign players into the market is further driving the market. For instance, LASpalash Cosmetics, an US-based company and KIKO MILANO, Italian company, entered the Indian market in 2016.

Europe is expected to be the second largest market for color cosmetics in terms of revenue over the forecast period. Economies such as U.K., Germany, and France are major region for market. Increasing adoption of recent trends in fashion by population in this region and advent of social media bloggers and fashion influencers educating customers about new trends and fashion are increasing demand for color cosmetics, which in turn is expected to fuel growth of the market during the forecast period.

The color cosmetics market was valued at US$ 62.36 billion in 2016 and is expected to expand at a CAGR of 4.22%, in terms of revenue, over the forecast period (2017 – 2025).

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North America is projected to hold a revenue share of 21.97% in the color cosmetics market by 2025, owing to high demand for premium products such as Estee Lauder and Coty. Furthermore, in the U.S., celebrity endorsements and launch of their own product lines are driving growth of the market. For instance, popular celebrity brands such as Kylie Cosmetics and Flower Beauty are gaining traction among population, which in turn is fueling growth of the market.

Major Players in Global Color Cosmetics Market:

Some of the key players operating in the global color cosmetics market include L’Oreal Group, Coty Inc., Krylon, Estee Lauder Companies Inc., Avon Products, Inc., Johnson & Johnson, Revlon, and Beiersdorf.

Luxury Perfumes Market Size, Trends, Shares, Insights, and Forecast – 2026

The demand for luxury perfumes is anticipated to witness a steady demand during the forecast period on account of rising brand presence in emerging economies. Increasing purchasing power of consumers, strengthening economic condition of the emerging economies and increasing penchant towards luxurious products are some of the key factors driving growth of the luxury perfumes market.

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Furthermore, increasing inclination of population towards online mode of purchasing is another factor boosting growth of the luxury perfumes market. Consumers are easily attracted towards online shopping due to the convenience it offers in the form of easy delivery, continuous offers and discounts, promotional activities, and various others. Furthermore, emergence of several e-commerce companies over the past few years have increased the competition among market players due to which they are focused on several promotional and marketing activities, price competency, which in turn is acting as a boon to the consumers.

According to Coherent Market Insights, strengthening economic condition of developing countries has resulted in an increasing consumer base for premium products, which has paved the way for the entry of luxury products, including luxury perfumes in several emerging economies which includes India, China, Brazil and Russia among others.

However, high price of luxury perfumes and wide availability of mass perfumes are some of the key factors restraining growth of the market. According to Coherent Market Insights, the global perfume industry recorded revenue of US$ 25.33 billion in 2015, out of which luxury perfumes accounted for around 40% in the same year.

The demand for luxury perfumes in the online segment is witnessing a significant growth at present and the same is expected to surge further during the forecast period. Consumer inclination towards online purchases, rapid emergence of several e-commerce companies coupled with aggressive marketing and promotional activities are some of the factors responsible for the significant growth of the online segment. Supermarkets accounted for the dominant share in 2016 and is expected to lose demand during the forecast period due to shift in consumer preference towards online purchases.

Luxury Perfume Market Outlook

North America accounted for the dominant share in the global luxury perfumes market in 2016 and is predicted to retain its dominance throughout the forecast period. Fair presence of luxury perfume brands across the economy, high purchasing power of consumers backed by strong economy of the country are some of the factors boosting the demand for these high end perfumes in the region. According to the U.S. Census Bureau, the median household income of the country rose to 5.2% in 2016. Elizabeth Taylor was ranked as the number one brand of luxury perfume, recording sales of more than US$ 20 billion in 2016, which is more than double of the second leading brand of perfume by Juicy Couture. In 2017, Brittney Spears launched a new perfume called Sunset Fantasy in collaboration with Elizabeth Arden, thus expanding her portfolio. Her perfume portfolio recorded revenue of more than US$ 4.5 billion in 2015.

Asia Pacific is anticipated to exhibit the fastest growth during the forecast period. In 2015, the Government of India had approved 51% Foreign Direct Investment (FDI) in multi brand retail and 100% FDI in single brand retail to strengthen the economic condition of India. This brought around an important revolution in the area of luxury brands, inclusive of luxury perfume brands in India, which in turn has positively affected the growth of the luxury perfumes market in the country and is expected to exhibit similar trend throughout the forecast period. Moet Hennessy Louis Vuitton (LVMH), one of the leading players operating in this market recorded profit of approximately 50% in 2017.

Key Players in the Luxury Perfumes Market

Some of the major companies operating in the luxury perfumes market include the Estee Lauder Companies Inc., Chanel Inc., Hermes Europe GmbH, Ralf Lauren Corp, Kering S.A., Gianni Versace S.p.A., Christian Dior S.A., eau de, Tom Ford, Prada S.p.A, and Moet Hennessy Louis Vuitton S.A. (LVMH).

Mergers and acquisitions, joint ventures and partnerships, product innovation and geographical expansion are some of the key strategies adopted by leading market players in order to maintain market position. In 2017, Moet Hennessy Louis Vuitton (LVMH) brought a majority stake in Maison Francis Kurkdjian to further expand its position in the luxury perfumes market.

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Athletic Footwear Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

Athletic footwear include sneakers used in sports, exercises, walking, and hiking. The footwear include athletic shoes, tennis shoes, gym shoes, sport shoes, runners, or trainers shoes. Although they are primarily produced for sports activity or other forms of physical exercise, they are now also often used for everyday wear. The footwear have a flexible sole made of rubber or synthetic material and an upper part made of leather or synthetic materials. Athletic footwear have two basic functions: injury prevention and enhanced performance. The requirement of athletes depend on their preferences. Some are concerned about injuries, whereas some competitive athletes may choose enhanced performance over injuries.

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According to Physical Activity Council (PCA), participation in fitness sports increased from 59.6% in 2011 to 62.7% in 2016 in the U.S. According to World Health Organization, globally, 1.9 billion adults were overweight of these over 650 million were suffering from obesity in 2016. Increasing inclination of consumers towards various exercises and sports, due to growing awareness of health risks of obesity such as type 2 diabetes and high blood pressure is fuelling demand for athletic footwear. Innovations in footwear such as 3D printing is also driving growth of the athletic footwear market. For instance, Adidas AG launched sneaker with 3D printed sole in April 2017. Under Armour, Inc. launched Hovr Phantom and Hovr Sonic smart shoes with tracking capabilities on distance, stride length, and others in January 2018. Rising trend of personalization and customization in footwear such as NikeId by Nike, Inc. is also another factor expected to support growth of the athletic footwear market.

However, increasing environmental concerns over the materials used in athletic footwear such as synthetic rubber is expected to be a restraining factor for the athletic footwear market growth. Several athletic footwear manufacturers are taking initiatives to reduce the environmental impact of athletic footwear. For instance, Nike Inc. launched MAKING app in July 2013, which helps designers and producers in monitoring environmental effect of the products and materials used in these products.

Men segment accounted to be the largest end user segment in the athletic footwear market in 2016, due to high participation of men in sports and other physical activities. According to European Commission, 2013, 45% men play sport or exercise at least once a week as compared to 37% women. Moreover, 37% men never play sport or exercise as compared to 47% women in member states of the European Union.

Europe was accounted to be the largest athletic footwear market in 2016 and is expected to retain its dominance over the forecast period. This is attributed to increasing health awareness among consumers and increasing participation in sports and other physical activities. According to Sports England — which is a public body under the Department for Digital, Culture, Media and Sport — around 60.7% adults participated in sports or other exercises for over 150 minutes per week in 2016 in England.

Asia Pacific is the fastest growing athletic footwear market, owing to rising participation in sports activities and growing sports industry in countries such as India and China. According to The State Council of China, the Chinese sports industry is expected to reach US$ 460 billion by 2020. Furthermore, growing e-Commerce market is driving growth of the athletic footwear market in this region. For instance, according to IBEF (India Brand Equity Foundation), Department of Commerce, Ministry of Commerce and Industry, e-commerce industry is projected to increase at a CAGR of 28% from 2016 to 2020 to reach US$ 63.7 billion by 2020 in India.

The athletic footwear market was valued at US$ 89.00 billion in 2016 and is projected to register a CAGR of 2.33% in terms of revenue, over the forecast period (2017–2025).

Running and walking shoes held the largest market share of 45.23% in 2016 and is expected to retain its dominance over the forecast period. This is attributed to increasing inclination of consumers towards walking and jogging for maintaining physical fitness. According to the U.S. Bureau of Labor Statistics, walking accounted for highest market share of 30.4% in exercise and sports activity in the U.S. from 2011 to 2015.

Athletic footwear market is highly competitive market with major players adopting various strategies such as new product launches, merger and acquisitions, and joint venture to retain their market position. For instance, Lululemon Athletica Inc. collaborated with Athletic Propulsion Labs, LLC to increase their product offerings in August 2017. Nike, Inc. launched sports shoes namely Air Max 98 -White/Obsidian, Air Vapormax Plus -Triple Black, Air Foamposite One- Aurora Green, and SF AF-1 -Dusty Peach in January 2018.

Key market players in the athletic footwear market are NIKE, Inc., New Balance Athletics, Inc., Skechers USA Inc., ASICS Corporation, Adidas AG, Puma SE, Wolverine World Wide, Inc., Under Armour, Inc., VF Corporation, and FILA Korea, Ltd.

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Professional Dental Care Market Size, Trends, Shares, Insights and Forecast – 2026

Professional dental care is maintenance of healthy teeth and oral care. Major players in dental care market are focused on providing efficient dental care solutions through innovative electric and battery powered toothbrushes, advanced cleansers and mouth fresheners, and other products such as tooth whiteners, dental flosses, and dental water jets. Moreover, researchers from Cochrane Foundation found that electric and battery powered toothbrushes were can reduce the gingivitis and plaques on teeth.

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The major factors driving growth of the professional dental care market are increasing number of small and private dental clinics, rising incidences of dental caries, and rising disposable income in emerging economies. For instance, according to the study published by National Health and Nutrition Examination Survey 1999 to 2004, prevalence of dental caries of adults aged 12 to 64 in the U.S was 92%, with 26% of adults with untreated decay. The adults from high income group are majorly observed to be suffering from of tooth decay. Moreover about 8.52% adults in the U.S also suffer from periodontal disease.

However, high cost of technologically advanced products in the professional dental care market and lack of skilled dentists in the some regions is restraining growth of the market. For instance, electric brush in India cost around INR 4,000, whereas the conventional brushes cost around INR 30.

Product innovation and new product launches is expected to support growth of the professional dental care market

Regional segmentation of the professional dental care market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Africa, and Middle East. The market witnessed few product launches, for instance in February 2017, the Procter and Gamble under its Oral B brand introduced two new rechargeable electric brushes PRO 600 and Dubbed PRO 2000. The brushes comes with rotating, oscillating and pulsating technology for better removal of dental plaques and pressure sensors to maintain pressure on teeth. In January 2016, Kolibtree, a specialized dental care technology company showcased smart electric toothbrush at the consumer electronics show. The brush collects the user’s brushing habits through its integrated artificial intelligence connected to the device through an app. In June, 2017, Royal Philips introduced Philips Sonicare Diamond Clean Smart. The electric brush comes with smart sensor technology and efficiently removes plaques from the teeth.

Moreover, in March 2017, AssureCare healthcare management solutions provider introduced dental module in healthcare platform, Medcompass. Medcompass is a configurable software for dental care and includes features to manage multiple planning tasks, appointments, and CTD codes. Introduction of these products in market is expected to increase the dental authorization processes, especially for low income group in the U.S.

Furthermore, recent acquisitions and distribution agreements are also expected to boost the growth of professional dental care market. For instance, in January 2017, the U.S based High Ridge Brands Company acquired Dr. Fresh LLC. The acquisition will extend the former product portfolio of its oral care category. In September, 2017 Smile Brands Inc. in association with A+ dental care acquired Folsom Dental Group. With this acquisition Smile brands will provide affordable dental care in the Sacramento area in the U.S.

Some of the major players operating in the global professional dental care market include Colgate-Palmolive Company (U.S.), Procter and Gamble Company, Young Innovation, Inc., Ultradent Products, Inc., Unilever plc, GC Corporation, Koninklijke Philips N.V., GlaxoSmithKline plc, Dr. Fresh, LLC, 3M Company, and Sunstar.

Professional Dental Care Market Key Developments:

· In June 2016, Ultradent Products Inc. launched new flavors for its ‘Enamelast Fluoride Varnish’ product range used for teeth. Company introduced three new delicious flavors including ‘Cool Mint’, ‘Bubble Gum’, and ‘Orange Cream’ in order to strengthen its consumer base.

· In July 2017, Young Innovations Inc. acquired certain product lines from Medical Products Laboratories, Inc. Acquired product lines include ‘VarnishAmerica fluoride varnish, ‘SealAmerica’ pit & fissure dental sealant kits, and ‘FluoriSHIELDTM’ dental gel. This acquisition is expected to expand product portfolio of Young Innovations Inc. in dental care product range.

· In February 2019, GlaxoSmithKline Consumer Healthcare Ltd. launched ‘Sensodyne Herbal Multi Care Toothpaste’ which is formulated with extracts of Eucalyptus and Fennel. This toothpaste is expected to offer sensitivity relief along with other oral care benefits such as cleansing and breath freshness.

· In August 2019, Colgate-Palmolive (India) Limited, launched its new ‘Colgate Total Toothpaste’ which is aimed at providing ‘Whole Mouth Health’. The toothpaste is formulated with innovative ingredients which are expected to offer multiple benefits including teeth care, tongue care, cheeks and gums care. Therefore, it will be considered as a total oral care solution for the consumers.

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Technical Coil Coatings Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

Technical coil coatings refers to a process in which the material used for coating is applied on a metal strip. This process involves chemical pre-treatment of the metal surface on one side or both the sides. It has application in various industries such as automotive, construction and others.

Growth of the technical coil coatings market is fueled by increasing demand for corrosion free products. Moreover, the increasing demand from various industries such as automotive and construction has further propelled the global technical coil coatings market. However, stringent government regulations on emission of harmful chemicals such as VOCs (Volatile Organic Compounds) is one of the major restrain for the global technical coil coatings market.

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Polyester was the dominant segment in the technical coil coatings market in 2016 and is expected to continue its dominance over the forecast period with a CAGR of 5.22%. This is owing to its properties such as resistance to UV light and providing barrier coat to prevent corrosion of the substrate. Polyester can be modified as per requirement and applications, hence, proves to be a viable choice. For instance, polyester are used for roof and wall cladding on buildings. Manufacturers are focusing on developing eco-friendly products, which is further gaining traction and thereby driving growth of this market at a global level. For instance, in 2013, Evonik Industries developed a range of polyester resins for primers and top coats, which the company markets under DYNAPOL brand and is based on renewable raw materials.

Powder coatings are used for protective and decorative finishes and have application in industries such as automotive, architecture, furniture, and appliances. Powder coatings are corrosion, weather, and chemical resistant and are also chipping and scratch resistant, and other such wears. Moreover, it is cheaper than liquid coatings, owing to lower power consumption, reduced disposal cost, and low material cost making it a cost-efficient choice. Liquid coil coatings are applicable in both primer and top coat and is used for imprints, attractive surface finishes, gloss grades and others, offering resistance against environments, scratch resistance, and high flexibility.

Asia Pacific dominated the technical coil coatings market in 2016 with a revenue of US$ 1978.9 million and is expected to continue its dominance over the forecast period. This is attributed to growth of automotive and construction industries in the region. According to International Trade Administration (ITA), China is the world’s largest construction market and was valued at US$ 717.71 billion in 2016 and is estimated to reach US$ 1,042.17 billion in 2021.

Construction sector was the largest market for technical coil coatings with a market share of 65.31% in 2016. This is owing to growth of the construction sector in emerging economies of Asia Pacific, further contributing to growth of this market. According to the Department of Industrial Policy and Promotion (DIPP), the Foreign Direct Investment in construction development sector in India from 2000 to 2017 was US$ 24.3 billion. Moreover, furniture segment is also expected to exhibit growth over the forecast period.

The major players operating in the global technical coil coatings market include PPG Industries Inc., BASF S.E., Akzo Nobel N.V., The Valspar Corporation, DowDuPont Inc., The Sherwin-Williams Company, Backers Group, and Kansai Nerolac Paints Limited.

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Waste To Energy Market Size, Trends, Shares, Insights and Forecast – 2027

Waste to Energy (WtE) is the process of energy generation from the treatment of waste. Municipal solid wastes, process wastes, medical, and agricultural wastes are used for energy generation. The waste consists of both biomass and non-biomass materials such as paper & paperboard, food waste, plastic, glass, and metal. Waste to Energy also aids in waste management as it reduces the amount of wastes ending up in landfills.

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The major drivers for the growth of waste to energy market include the increasing popularity of renewable energy resources, high waste generation, stringent regulations regarding waste disposal, and world policy regarding climate change such as the Kyoto Protocol and Paris Climate Agreement. The restraining factors for the growth of the market include low fossil fuel prices, which can be attributed to an oversupply of crude oil and gas due to increased production from shale reserves in the U.S. The availability of low cost feedstock has significantly reduced the costs of production of conventional plastic.

Waste to energy can be achieved by utilization of chemical (esterification), bio-chemical or thermo-chemical technologies. The use of these technologies is decided based on numerous factors, which include the composition and type of waste, calorific value, and the final energy form. The energy generated is utilized for applications such as electricity and heat generation, which is predominantly achieved by incineration. Transport fuels such as ethanol, bio-diesel, and bio-jet fuel are produced by processing waste. Increased blending of ethanol to gasoline is expected to bolster market growth for ethanol generation.

Global Waste to Energy Market Outlook:

According to World Bank estimates, the world’s waste generation is projected to nearly double in volume by 2025 to reach 6 Mn tons of waste per day. The Organization for Economic Co-operation and Development (OECD) member economies accounted for approximately half of the world’s waste in 2016. However, waste generation is primarily expected to be driven by emerging economies in Latin America and Asia Pacific in near future due to growing consumption of plastics across applications such as packaging, construction and consumer goods. Also, a growth in developing economies’ waste production is expected to have a positive impact on waste to energy market as governments introduce new policy. Government of India’s target for sustainable energy generation of 175 GW by 2022 will include 10 GW capacity from waste to energy facilities.

Europe is projected to be the largest market for WtE technologies over the forecast period. High generation of industrial waste, coupled with stringent EU-wide waste legislation has led to accelerated market growth in the region. West European economies have led the region in terms of existing and new capacity additions. For instance, Sweden incinerated 49.5% of its total municipal waste in 2015 for heat and power generation.

Asia Pacific is projected to be the fastest growing market led by Japan and China. According to the World Energy Council statistics, Japan incinerated up to 60% of its solid waste for heat generation. Also, China doubled its WtE capacity between 2011 and 2015. In India, the NTPC Ltd. invited tenders from national and international companies in 2017 to set up 100 new waste to energy facilities across the country. This can be attributed to stringent regulatory policies pertaining to waste generation and disposal.

In October 2017, Wood Group announced the acquisition of Foster Wheeler. The acquisition allows Wood Group to strengthen its renewable energy business portfolio. Major players operating in the waste to energy market include Austrian Energy & Environment Group GmbH, Arrow Ecology Ltd., Babcock & Wilcox Vølund A/S, Constructions Industrielles De La Editerranée (CNIM), Covanta Energy Corporation, Essent N.V., Haase Energietechnik AG, Wood Group, Qinetiq, and Pacific Renewable Fuels Inc.

Waste to Energy Market Key Developments:

In 2016, a pre-feasibility study was carried out for developing waste to energy project of Emirates Waste To Energy Company (a partnership between Masdar and Bee’ah) in UAE. This is expected to be the first waste to energy facility in the UAE. The facility is expected to get operational by the end of 2020 wherein it is expected to process about 37.5 tons of municipal solid waste per hour.

In February 2019, the East Delhi Municipal Corporation (EDMC) commissioner of India, signed a memorandum of understanding (MoU) with the National Thermal Power Corporation (NTPC) to develop an ‘integrated waste processing facility’ in Delhi, India. This facility is expected to be completed by 2021 and expected to have a capacity to process 2,000 metric tons of waste and produce 12 MW electricity.

In October 2018, ACCIONA S.A. announced to develop first large-scale thermal waste to energy plant in Australia which will be located at Kwinana Industrial Area. This plant is expected to process up to 400,000 tons of waste per year and is estimated to export about 36MW of electricity to the grid.

Moreover, in August 2019, ACCIONA S.A. won US$ 435.25 Mn contract of waste to energy ‘Ness Energy Project’ in Aberdeen, Scotland. Through this contract ACCIONA will construct and operate this waste to energy facility which is expected to process about 150,000 tons of municipal solid waste per year to generate electricity.

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Pigments Market Size, Trends, Shares, Insights, Forecast - Coherent market insights

A pigment is a group of chemical compounds that are used to impart color and enhance the surface property of the materials. They can impart various range of colors to paints, plastic, coatings, and inks while enhancing the texture of the surface. Moreover, pigments are also used to enhance properties such as heat stability, tinting strength, opacity, and light and weather fastness.

The global pigments market is projected to surpass US$ 22 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.5% during the forecast period (2020 to 2027).

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Drivers

Growth in the paints and coatings industry is primarily propelling the market growth of the pigments. Pigments are widely used in the paints for enhancing the strength of the paint film and obtain efficiency. The rise in the manufacturing industries across developing region coupled with the emerging various brand in paints and coatings is further expected to foster the market growth of the pigments over the forecast period.

Growing demand for paints from the automotive industry is creating demand for pigments, thereby fueling market growth. Growing production and export of the automobiles are also contributing to the market growth of pigments. According to the European Automobile Manufacturers Association, the European Union exported 5 million passenger cars with a value of €124 billion in 2019.

Regionally, Asia-pacific dominated the global pigments market in 2019, reporting 44% market share in terms of revenue, followed by North America and Europe, respectively.

Market Restraints

Strict regulations associated with the pigments such as cadmium, lead chromate molybdate sulfate red and lead sulfochromate yellow as they have hazardous effects that are expected to restrict the market growth. Thus, growing health and environmental concerns are expected to hamper the market growth.

The market of pigments is at matured phase across the developed region such as North America and Europe due to which market is witnessing steady growth. This condition is expected to remain the same over the forecast period, thereby restricting the market growth of pigments

Market Opportunities

Growing demand for packed food products across consumers is projected to offer lucrative opportunities for the market of paints which in turn is fueling the market growth of pigments. Changing lifestyle of the consumer coupled with the increasing consumption of convenience and ready-to-eat food products is creating demand for packed food products. Thus, the growing demand for packaged food products is projected to propel the market growth of pigment.

Expansion of the e-commerce market due to growing internet users and consumer spending on online shopping around the globe is expected to bring new market opportunities to the market of pigment. According to the U.S. Department of Commerce, consumers spent US$ 601.75 billion online with U.S. merchants in 2019, up 14.9% from US$ 523.64 billion in 2018. Thus, the expansion of e-commerce is projected to foster the market growth of the e-commerce market.

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Global Pigments Market - Impact of Coronavirus (Covid-19) Pandemic

The pigments market is facing a likelihood of a deep recession caused by the effect of lockdowns across the globe to slow the spread of Covid-19. The demand for pigments depend on various end-use industries such as construction, paints & coatings and automotive industries. This is expected to hamper the growth of pigments market in next few years till end of the 2021.

Competitive Section

Key players are operating in the global pigments market are BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation, and Merck.

Few Recent Developments

In September 2019, Clariant launched 25 organic pigments for biodegradable and compostable polymers. These are compliant with the European Norm 13432 opening up color options and the appeal of organically recyclable packaging.

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