Polyurethanes (PU) Market Will Grow Rapidly Owing To Increased Usage In Electronic Applications Such As Refrigeration Till 2020

The global polyurethane market is expected to reach USD 73,607.1 million by 2020, according to a new study by Grand View Research, Inc. Furniture & interior applications dominated the PU market, with demand estimated at 3,991.6 tons in 2013. Increasing usage in automotive and electronic appliances including seat cushioning, interior trims and refrigeration is expected to fuel polyurethane market demand.

Asia Pacific emerged as the largest regional polyurethane market, with demand estimated at 7,352.6 kilo tons in 2013, growing at a CAGR of 5.9% from 2014 to 2020. Increasing construction spending in emerging markets such as China and India is expected to drive the market growth in the region. In addition, strong demand from automotive and electronic applications is also expected to play a key role in market development. Relatively low feedstock pricing in Asia Pacific is expected to be a major benefit for industry participants in terms of production.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

Further key findings from the study suggest:

• Global PU market demand was 15,670.6 kilo tons in 2013 and is expected to reach 22,058.4 kilo tons by 2020, growing at a CAGR of 5% from 2014 to 2020.
• Flexible and rigid foams accounted for over 38% and 26% of the market volume in 2013, respectively.
• Automotive applications are expected to be most promising market segment for polyurethanes, growing at an estimated CAGR of 5.3% from 2014 to 2020.
• China was the major consumer of PU in Asia Pacific, accounting for over 25% of the total regional demand in 2013. Strong domestic demand and production capabilities are expected to drive the Chinese polyurethane demand.
• U.S. was the largest consumer of PU in North America and accounted for over 83% of the North American PU market in 2013.
• The global PU market is highly competitive and driven by product innovation and application development. R&D spending in the market is expected to grow over the next six years, with a number of participants focusing on developing bio-based PU solutions.

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For the purpose of this study, Grand View Research has segmented the polyurethane market on the basis of product, end-use and region:
Global PU Market Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
            • Rigid Foam
            • Flexible Foam
            • Coatings
            • Adhesives & Sealants
            • Elastomers
            • Others
Global PU End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
            • Furniture & Interiors
            • Construction
            • Electronics & Appliances
            • Automotive
            • Footwear
            • Packaging
            • Others
Global PU Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
            • North America
                    • U.S.
            • Europe
                    • UK
                    • Germany
                    • Italy
            • Asia Pacific
                    • China
                    • India
                    • Japan
            • RoW
                    • Brazil

Structural Adhesives Market Is Expected To Grow At A CAGR Of 6.8% From 2015 To 2022: Grand View Research, Inc.

Global structural adhesives market is expected to reach USD 23.42 billion by 2022, according to a new study by Grand View Research, Inc. Increasing automotive production particularly in emerging markets of China, India, Brazil and Mexico is expected drive the global structural adhesives market. Rigid bonding applications such as window glazing, wood panels and decorative trims require structural adhesives for fast setting and load bearing purposes. Industrialization and urbanization are expected to drive construction industry growth in emerging as well as developing nations, which further prompts structural adhesives demand.
Water-based structural adhesives accounted for over 55% of the overall market volume in 2014. Increasing regulatory intervention from environmental agencies regarding VOC presence in solvent-based adhesives has positively impacted water-based structural adhesives demand. Additionally, its superior drying rate and semi-flexibility post drying are major factors contributing towards their increasing demand in joint cements, wall coverings, household appliances and automotive assembly applications. It is also expected to witness the highest growth of 6.9% from 2015 to 2022.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/structural-adhesives-market

Further key findings from the study suggest:

 ·         Global structural adhesives market demand was 5,158.3 kilo tons in 2014 and is expected to reach 8,243.8 kilo tons by 2022, growing at a CAGR of 6.8% from 2015 to 2022.

·         Urethanes were the leading product segment and accounted for over 60% of the overall market volume in 2014. Urethane adhesives are primarily used for plastic adhesion in various rigid bonding applications. Increasing incorporation of plastics and composites in automotive components is expected to drive its demand over the forecast period. Cyanoacrylic adhesives are expected to witness the highest growth of 8.5% from 2015 to 2022.

·         Major structural adhesive applications include transportation and construction which collectively accounted for over 45% of the total market volume in 2014. Positive outlook on automotive industry coupled with increasing construction spending particularly in China, India and Indonesia is expected to drive this segment over the forecast period. Adhesives with organic solvent composition are gaining acceptance in medical devices. Additionally, niche application segments such as industrial machinery and packaging are anticipated to register significant structural adhesives demand over the forecast horizon.

·         Asia Pacific was the largest regional market and accounted for 45.0% of total consumption in 2014. Major structural adhesive consumers in the region include China and India which together accounted for over 55% of the regional market volume in 2014.

·         Global structural adhesives market is concentrated in nature with small scale companies catering to application specific end-use markets. Product pricing, partnership agreements and R&D in product innovation are expected to maintain competitiveness in the market. Major industry participants include SIKA, Arkema AG, 3M Company, The Dow Chemical Company, Ashland Inc., Henkel AG & Co., and Lord Corporation.

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Polytetrafluoroethylene (PTFE) Market Is Expected To Reach USD 6,440.0 Million By 2020, Growing At A CAGR of 8.1% From 2013 To 2020

Global PTFE sales were estimated at USD 3,465.0 million in 2012, and are expected to reach USD 6,440.0  million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to new Market Research Report recently published by Grand View Research, which also estimates global PTFE consumption to reach 524.1 kilo tons by 2020.

The growing market for non-stick cookware, which uses PTFE, widely in Dupont’s Teflon form is expected to continue to be a stable growth avenue for market participants. Additionally, a surge in coating demand for wires and cables and the global trend in automotive weight reduction is also expected to provide multiple growth avenues to the PTFE industry. Volatile fluorspar supply and environmental concerns regarding Perfluorooctanoic acid (PFOA) content are expected to be roadblocks for PTFE manufacturers over the next six years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/Polytetrafluoroethylene-Industry

Further Key findings from the study suggest:

• Granular PTFE dominated the product market, accounting for over 32% of global volumes in 2012, sales were strongest in Asia Pacific, with consumption expected to reach 67.2 kilo tons in 2020, growing at a CAGR of over 10% from 2013 to 2020
• Powdered PTFE, both in micro-powder and fine-powder form accounted for over 43% of global volumes in 2012. Powdered PTFE is commonly used in aerospace, automotive, wire coatings and textile membranes
• Automotive applications, majorly in equipment manufacturing, dominated PTFE demand in 2012, accounting for close to 28% of global volumes in 2012. Asia Pacific PTFE sales for automotive equipments are expected to reach USD 614.4 million by 2020, growing at a CAGR of over 8% from 2013 to 2020
• Industrial and electronic applications together accounted for over 48% of global PTFE volumes in 2012
• Asia Pacific is expected to maintain market dominant position, and is expected to account for over 37% of global PTFE consumption by 2020. North America PTFE demand was estimated to be 76.8 kilo tons in 2012 and is expected to reach 155.7 kilo tons by 2020, growing at a CAGR of 9.3% from 2013 to 2020
• The global market is highly concentrated, with top four participants accounting for over 65% of total sales in 2012. DuPont, Daikin, Solvay, 3M and Arkema are key participants in the PTFE industry, accounting for over 70% of the global production capacity in 2012

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Chelating Agents Market Is Expected To Grow Will Rapidly Owing To Increased Usage In Agrochemicals And Detergent Applications Till 2024

The global chelating agents market is expected to reach USD 5.17 billion by 2024, according to a new report by Grand View Research, Inc. Increasing requirement for chelating agents in cleaners & detergents to boost the performance of the finished product is expected to drive growth.
Increasing demand for cleaners & detergents in the household and industrial applications on account of rising consumer awareness regarding hygiene and extending the lifespan of equipment by keeping it clean is expected to bolster demand. Household & industrial cleaning is anticipated to account for 25.4% of the volume by 2024.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/chelating-agents-market

Further key findings from the report suggest:

·         Global chelating agents size was 1,026.0 kilo tons in 2015 and is expected to reach 1,348.4 kilo tons by 2024, growing at a CAGR of 3.1% from 2016 to 2024

·         Agrochemicals are projected to witness gains at a CAGR of 3.6% from 2016 to 2024, on account of increasing agriculture practices. Chelating agents are used as pesticides and insecticides to promote plant growth. Introduction and implementation of Integrated Nutrient Management (INM) and Integrated Pest Management (IPM)practices to increase crop yield by governments across the globe is expected to boost market demand.

·         Pharmaceutical is anticipated to be a potential market for chelating agents over the forecast period on account of increasing government spending on providing primary healthcare facilities to its citizens. Pharmaceuticals market is estimated to be valued at USD 114.6 million by 2024.

·         Asia Pacific was the largest market and accounted for 38.5% of the global revenue in 2015. The region is expected to witness significant growth over the forecast period on account of growing demand from the detergent industry in emerging economies such as China and India. This factor has resulted in increasing production volumes of various manufacturers of chelating agents.

·         North America was the second largest market and was worth USD 1.10 billion in 2015. Strict environmental regulations have influenced manufacturers to shift from conventional chelating agents towards bio-degradable agents. Europe followed North America and accounted for 21.8% of the global revenue in 2015.

·         Key market participants include The Dow Chemical Company, Tate & Lyle, Kemira Oyj, AkzoNobel N.V., Archer Daniel Midland, Lanxess AG and Cargill Incorporated. In September 2015, ChemPoint EMEA B.V, a company engaged in sales marketing and distribution of specialty chemicals announced that it was expanding its marketing and distribution relationship with The Dow Chemical Company by providing formulation, sales and order fulfillment support for the company’s VERSENE which is food grade chelating agent and used in food applications.

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Grand View Research has segmented the global chelating agents market on the basis of product, application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Sodium gluconate

·         Organphosphonates

·         Aminopolycarboxylate

·         Others

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

·         Pulp & paper

·         Household & industrial cleaning

·         Agrochemicals

·         Water treatment

·         Chemical processing

·         Consumer products

·         Pharmaceuticals

·         Others

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

·         North America

·         U.S.

·         Canada

·         Mexico

·         Europe

·         Spain

·         Germany

·         France

·         UK

·         Netherlands

·         Rest of Europe

·         Asia Pacific

·         China

·         India

·         Japan

·         Rest of Asia Pacific

·         Latin America

·         Brazil

·         MEA