Polymethyl Methacrylates Market Growth, Trends, Segment To 2020: Grand View Research, Inc.

The global market for Polymethyl Methacrylate (PMMA) is expected to reach USD 10.87 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for LED flat panels and LED TVs is expected to be one of the key factors driving PMMA demand, especially in Asia Pacific, which is a major hub for electronic manufacturing. Growth of major end-use industries including electronics, automotive and signs & displays, mainly in emerging economies of China and India, are expected to boost the demand for PMMA over the forecast period. Grand View Research further observes that increasing R&D activities for developing bio-based PMMA coupled with emerging applications for optical grade PMMA in medical and healthcare, coatings and emulsions and solar power sectors is expected to drive its future market.
PMMA extruded sheets alone accounted for over 55% of global market volumes in 2012. Extruded PMMA sheets find wide applications in numerous industries including electronics, signs and display, construction and automobiles among others. Owing to its new found use in coatings and emulsions market, PMMA beads (powder) form is expected to be the fastest growing market, at an estimated CAGR of 7% from 2013 to 2020. Cell cast sheet and blocks is another PMMA form widely used for construction activities owing to its impact strength and weather resistance.

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Global PMMA market volume share, by product, 2012

 

Further Key findings from the study suggest:

• Global PMMA market volume is expected to reach 2.85 million tons by 2020, growing at a CAGR of 6.1% from 2013 to 2020

• Signs and display applications emerged as the largest market for PMMA, with over 35% of global volumes in 2012. The electronics industry, including flat display screens, is expected to be the fastest growing application market for PMMA at an estimated CAGR of 7.7% over the next six years. In addition, broadening application of PMMA in other end use industries such as furniture and interiors, sanitary ware, fashion and apparel among others, is expected to boost its consumption over the next six years

• Asia Pacific dominated the PMMA market, accounting for over 65% of the global demand in 2012. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for PMMA, at an estimated CAGR of 7.3% from 2013 to 2020. Europe is expected to witness moderate growth rate in the near future, while Middle East and Africa and Central and South America are expected to show above average growth for PMMA demand

• Growth of electronics industry, mainly in Taiwan, South Korea and China is expected to boost the demand for PMMA over the next six years. Asia Pacific is considered to be the most attractive market, with relaxed regulations and cheap availability of labor and technology. Increased production of LED flat panels and LEDTVs has given a boost to PMMA demand in recent years, a trend which is expected to continue over the forecast period

• The global market for PMMA is highly consolidated and dominated by top multinational corporations. Top four companies namely, Mitsubishi Rayon, Altuglas International, Evonik Industries and Chi Mei Corporation account for approximately three-fourth of the total PMMA produced worldwide in 2012

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Clear Brine Fluids Market Analysis, Growth, Trends To 2020: Grand View Research, Inc.

The Global Clear Brine Fluids Market is expected to reach USD 2.03 billion by 2020, according to a new study by Grand View Research, Inc. Increase in drilling activities particularly in the U.S., Brazil, China and Western Africa is expected to remain a key driving factor for global clear brine fluids market. Increasing deep water exploration investment particularly in “The Golden Triangle” is also expected to have a positive influence on the market growth over the next six years. Stringent environmental regulations across the U.S. and Europe on account of ground water contamination caused by clear brine fluids is expected to remain a major challenge for market participants.

Potassium chloride was the largest product segment and accounted for 24.3% of total market volume in 2013. Wide range of chloride applications is expected to remain a key driver for this segment. Potassium chloride is also expected to witness the highest growth rate at 10.3% from 2014 to 2020. Global calcium chloride based clear brine fluids are expected to reach a market worth USD 72 million by 2020. The chlorides and bromides clear brine fluids have been substituting conventional drilling mud on account of their higher efficiency and cost effectiveness.

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Further key findings from the study suggest:

• Global clear brine fluids market demand was 1,010.2 kilo tons in 2013 and is expected to reach 1,977.5 kilo tons by 2020, growing at a CAGR of 10.1% from 2014 to 2020.
• North America emerged as the leading regional market for clear brine fluids and accounted for 64.9% of total market volume in 2013. Increasing drilling activities in the U.S. on account of shale gas boom and in Gulf of Mexico remained a key driving factor for the regional market.
• Asia Pacific is expected to witness the highest growth at 11% over the next six years.  Increasing drilling activities in China on account of presence of large amount of untapped shale gas in place is expected to remain a key driving factor for the regional market. European clear brine fluids market is expected to reach USD 162.3 million by 2020, growing at a CAGR of 12% from 2014 to 2020.
• Global clear brine fluids market is moderately concentrated with top four companies including M-I SWACO, Halliburton, Israel Chemicals Ltd., TETRA Technologies accounted for over 50% of the total market. Other market participants include Albemarle Corporation, Baker Hughes Inc., Zirax Ltd., The Egyptian Mud Engineering & Chemicals Co., GEO Drilling Fluids Inc., Newpark Resources Inc. and Chemtura Corporation. Clear brine fluids market recently, witnessed number of mergers and acquisitions leading to significant opportunities for market participants.

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For the purpose of this study, Grand View Research has segmented the clear brine fluids market on the basis of product and region:

Global Clear Brine Fluids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

    • Potassium Chloride

    • Calcium Chloride

    • Sodium Chloride

    • Potassium Bromide

    • Calcium Bromide

    • Sodium Bromide

    • Others

Global Clear Brine Fluids Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • RoW

Market Report - 1,4 - Butanediol,PTMEG And Spandex Market Size, Company Share To 2022: Grand View Research, Inc.

The global BDO, PTMEG and spandex market is expected to reach USD 17.53 billion by 2022, according to a new report by Grand View Research, Inc. Regulatory policies encouraging lightweight composites to reduce carbon emissions from vehicles are vital factors for BDO industry development over the forecast period.
The market is likely to be driven by increasing butanediol demand from cosmetics, medicines, textiles, engineering plastics and automotive applications. About 50% BDO is used in tetrahydrofuran (THF) production, which is an intermediate chemical for polytetramethylene ether glycol (PTMEG). PTMEG itself is further processed to manufacture spandex/elastane/lycra, which finds application in several end-use industries that include textiles and automotive interiors.
Development of bio-based spandex is also expected to boost consumption mainly in emerging markets, especially for textiles and sportswear applications. Increasing application scope owing to advanced processing technologies and strategic initiatives among major corporations is another driving factor for the industry.

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U.S. PTMEG market volume by application, 2012-2022 (Kilo Tons)

 

 Further key findings from the study suggest:

• Global BDO market size was 1,924.6 kilo tons in 2014 and is expected to reach 2,913.1 kilo tons by 2022, growing at a CAGR of 5.2% from 2015 to 2022.
• THF was the largest application segment for BDO and accounted for about 50% of total revenue in 2014. High demand for THF as an intermediate chemical to PTMEG production is expected to drive its growth over the forecast period.
• PTMEG demand is expected to grow at an estimated CAGR of 5.9% from 2015 to 2022 owing to rising spandex and urethane consumption in several automotive, industrial and consumer applications.
• Spandex was the leading application segment for PTMEG and accounted for over 75% of total market volume in 2014. Growing consumer preference for inexpensive, elastic and durable materials in textiles and automotive interiors is a major driving factor for the industry.
• Asia Pacific was the leading spandex consumer with demand share estimated at 69.4% in 2014. Southeast Asian countries such as Vietnam, Indonesia and Thailand have witnessed heightened textiles production, particularly in the sports apparel segment, thus establishing them as high potential markets in the global landscape.
• The global industry is characterized by the presence of numerous large corporations that are fully integrated along the value chain, from BDO production to elastane manufacturing for end-use industries.
• Major participants in the global industry include BASF, LyondellBasell, Ashland, Shanxi Sanwei Group, Dairen Chemicals, DuPont, and Invista. Spandex producers include AB Textile Mills, Dynamic Fabric Trading and Gold Pacific.

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Paraxylene Market To 2022- Industry Trends, Forecast: Grand View Research, Inc.

The global paraxylene (PX) market is expected to reach USD 66.93 billion by 2022, according to a new report by Grand View Research, Inc. Increasing polyester resin and fiber demand from various end-use industries is expected to drive global paraxylene market over the forecast period.
Increasing demand for purified terephthalic acid (PTA) in polyester production particularly in Asia Pacific has triggered paraxylene demand in the recent past and this trend is likely to continue over the next seven years. Higher conversion efficiency along with lower polyester production cost for PTA over DMT has increased PTA demand exponentially over past few years.
Oversupply of PET in past few years has now forced PTA manufacturers to lower the capacity utilization rate in the recent past. PTA production capacity has expanded faster than the demand, affecting the global utilization rate. Sudden decrease in Chinese PTA import on account of increased in-house production has drastically affected PTA manufacturers located in Asia Pacific.
Increasing consumer awareness regarding non-disposable nature of petrochemical products and increasing demand for bio-based substitutes is expected to remain key challenges for market participants. Anti-PX movement in China initiated to increase societal awareness regarding pollution caused by PX production facilities is expected to inhibit the market growth over the forecast period. Huge difference between planned capacity additions and actual PX demand over the period is expected to drastically lower down the global operating rates over the forecast period, reducing profit margins for manufacturers.

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U.S. paraxylene market volume by application, 2012-2022, (Kilo Tons)

 

 Further key findings from the report suggest:

• Global paraxylene market demand was 36.83 million tons in 2014 and is expected to reach 62.98 million tons by 2022, growing at a CAGR of 7.0% from 2015 to 2022.  
• Purified terephthalic acid (PTA) is expected to remain the largest application segment for PX in the global market. The segment accounted for over 95% of total PX demand in 2014. The growth may be attributed to increased demand for polyester from various end-use industries.
• Asia Pacific emerged as the leading regional market with demand share estimated at 79.2% in 2014. Growing demand for polyester fiber and PET particularly in emerging economies of China and India is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth of 7.3% from 2015 to 2022.
• Key market participants operating in the global PX market include JX Nippon Oil & Energy Corp., BP, CNPC, Reliance Industries Ltd., S-Oil, Dragon, FCFC, NPC Iran, GS Caltex, ONGC, KPPC, Orpic, Jurong Aromatics Corp., China National Offshore Oil Corporation (CNOOC), PTT, Lotte KP Chemical, Yanbu Aramco Sinopec Refining Company Ltd., ExxonMobil, Saudi Aramco, Dalian Fujia Dahua, Idemitsu Kosan Co., Ltd., Toyo, Teijin Fibers and Pertamina. 

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Grand View Research has segmented the global paraxylene market on the basis of application and region:

Paraxylene Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

• Dimethyl Terephthalate (DMT)
• Purified Terephthalic Acid (PTA)
• Others

Paraxylene Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

• North America
• U.S.
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• India
• Japan
• Middle East & Africa
• Central & South America