Polyvinyl acetate Industry Procurement Intelligence With Research 2020-2027 | Grand View Research, Inc. [Chemical]
The global polyvinyl acetate market was valued at ~USD 5 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to increasing demand for adhesive from key industries such as construction, automotive, and furniture. The rising demand for paint and coatings from APAC and Latin American markets is also expected to fuel the growth of the global PVA industry. APAC is the largest geographic segment in the global PVA market with more than 45% market share followed by Europe and North America with 25% and 15% market share respectively. Increasing construction spending coupled with growing industrial development in emerging markets of China and India is anticipated to drive the regional market. APAC PVA market is also expected to witness the highest growth rate during the forecast period.
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Polyvinyl acetate (PVA) is a colorless, nontoxic, synthetic resin prepared by the polymerization of vinyl acetate. It has good resistance to UV and oxidation. PVA is extensively used in the packaging industry as adhesives. PVA emulsions are inexpensive and possess good adhesion to many porous substrates, but are not effective on non-porous surfaces. They are one of the main ingredients of water-based glues, commonly referred to as wood glue, carpenter's glue, Elmer's glue (USA), or white glue.
PVA is used as an inexpensive, low-toxic, and no odor adhesive to bond and seal high-energy surfaces such as paper, corrugated cartons, cotton, and wood, etc. It is often preferred over other types of adhesives due to its low cost, good stability to light, and yellowing resistance capability. PVA is also used as a plasticizer and thickener for paints, textile finishes, plastics, cement, and chewing gum. It is relatively (~50%) cheaper than other acrylic resins and is therefore often added to acrylic latex paints to reduce the production cost. However, the best exterior water-based paints are 100% acrylic due to elasticity and other factors and polyvinyl acetate is generally viewed as inappropriate for exterior uses due to its water sensitivity.
Cost Drivers
Raw materials and feedstocks are the key cost driver of polyvinyl acetate production. The raw materials are majorly categorized into two segments; solvents and initiators. Solvents include methanol, ethyl acetate, and benzene. Initiators include benzoyl peroxide, azobisisobutyronitrile (AIBN), and lauroyl peroxide. Both solvent and initiators account for more than 40% of the overall cost of production followed by machinery costs, equipment costs, labor costs, and maintenance costs. The price of raw materials are somewhat stable for the last few years. Hence, reducing costs from other components like machinery, equipment and labor would give PVA producers a better profit margin.
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- Turbine Repair and Maintenance Industry Procurement Intelligence : The global turbine repair and maintenance market was estimated at USD 81.8 billion in 2020 and the market is projected to grow at a CAGR of 15.9%. While most of the markets suffered impacts (positive or negative) due to the outbreak of the COVID pandemic.
- Vegetable Fats and the Oil Industry Procurement Intelligence : The global vegetable fats and the oil market was valued at ~USD 235 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2027.
- Wastewater Treatment Industry Procurement Intelligence : The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027.
The global polyvinyl acetate Industry has been negatively impacted since the beginning of the COVID-19 pandemic. Major PVA consumers like India and China restrict the large-scale industrial operations for a while, which affects the overall demand of PVA across packaging segments. Moreover, stringent government and health safety regulations regarding the handling of PVA coupled with fluctuating prices of raw materials are considered as the key growth restraints of the global polyvinyl acetate market.
Some of the key suppliers of polyvinyl acetate are:
- Henkel
- Vinavil
- H.B. Fuller
- Dow
- Arkema
- Celanese
- 3M
- Hexion
- ITW Polymers
The PVA market features a highly consolidated landscape with the top ten players contributing more than 70% of the market share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions.
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Phosphate Industry Procurement Intelligence, Trends With Research Till 2027 [Chemical]
The global phosphate market was valued at USD 72 billion in 2020 and it is expected to grow at a CAGR of 2% from 2020 to 2027 majorly due to the rising demand for ammonium phosphate, from the manufacturing market. APAC is leading the global phosphate market with more than 40% share followed by Europe and North America. As agriculture is a core constituent of the economy in APAC countries like India China, these countries are responsible for generating high demand for phosphate and related products for the last five years. For instance, India is one of the leading countries, with more than 25% of world imports for natural calcium phosphates and natural aluminum calcium phosphates. In terms of applications, the phosphate fertilizer segment is expected to have the highest growth rate in APAC countries due to increase in agricultural spending and growing demand.
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Phosphate is one of the most common elements mined primarily from phosphate rock. It is a chemical derivative of phosphoric acid and the majority of its global production is absorbed by fertilizer manufacturing industries in the booming agricultural sector. One metric ton of phosphate rock can produce more than 100 metric tons of phosphate granules. Phosphates can be segmented into the following categories:
- Orthophosphates: These are found naturally in the environment and in water, but are also artificially added to fertilizers. In swimming pools, orthophosphates are the most prevalent of all types of phosphates.
- Condensed phosphates: This type of phosphates contain salts, metals or minerals like calcium.
- Organophosphates: These are organic phosphates (esters of phosphoric acid). Organophosphates are a key ingredient in more than 50% of all pesticides.
- Inorganic phosphates: Inorganic phosphates are majorly deals with water treatment bsuniesses.
Cost Drivers
Phosphate rock is the most important feedstock of phosphate production. It is the major cost driver of overall production cost. The cost of phosphate rock accounted for more than 50% of the one-unit phosphate production. In the last two years, the price of phosphate rock fluctuate significantly majorly due to supply-demand disruption during Covid-19. The price of phosphate rock has witnessed a gradual decrease over the last ten years. However, it is expected to increase moderately during the forecast period.
Find more research reports by Grand View Research:
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- Vegetable Fats and the Oil Industry Procurement Intelligence : The global vegetable fats and the oil market was valued at ~USD 235 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2027.
- Wastewater Treatment Industry Procurement Intelligence : The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027.
The covid-19 pandemic proves to be a major challenge in global phosphate production in 2020. As the fertilizer industry is the leading consumer of phosphate, any change in demand would directly affect phosphate production. Since the beginning of the pandemic, the fertilizer industry utilization rate has dropped by about 30-40% YoY. Furthermore, China, the leading producer of phosphate, were forced to reduce di-ammonium phosphate prices as India and Pakistan, the major importers of Chinese phosphate fertilizer, continue to reduce imports, due to their high inventories.
Some of the key phosphate suppliers are:
- The Mosaic Company
- Nutrien Ltd
- EuroChem Group
- Innophos
- PhosAgro Group of Companies
- Ma’aden
- Incitec Pivot limited
- Fertoz Agriculture Pty Ltd
- Koch Fertilizer, LLC.
- Mississippi Phosphates Corporation
- Jordan Phosphate Mines
The global phosphate industry features a moderately fragmented landscape with industry leaders contributing less than 20% of the phosphate industry share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions.
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Peracetic Acid Market Share Analysis and Industry Overview till 2025 [Chemical]
August 03, 2021: Global Peracetic Acid Market is expected to grow considerably in the years to come owing to the increase in demand from food and beverage industry majorly. Peracetic acid, also known as Peroxyacetic acid (PAA) is a powerful oxidizing sanitizer. It reacts with several metals and other contact bases like aluminum, tin-plated iron, and stainless steel but galvanized iron, plain steel, copper, bronze, and brass, are prone to corrosion and reaction.
Growing applications of peracetic acid in several industries like food and beverage are the major drivers of peracetic acid market. Peracetic acid initially gained popularity from the United States (FDA) Food and Drug Administration as safe chemical and antimicrobial for food preservation. This introduced numerous other application of peracetic acid as microbial disinfectants and food preservatives in the recent years.
The acid is extensively used in food industry as preservative for poultry, fisheries and meat items. Additionally, increase in the demand of peracetic acid in several beverages processing is also influencing the growth of peracetic acid industry. However, the conventional applications of the acid in healthcare, personal care, and industrial cleaning disinfectants is growing, which ultimately drives peracetic acid market.
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Developments in manufacturing technology, innovative techniques for using peracetic acid in wide applications and growing acceptance of bio-based chemicals is expected to introduce new opportunities in peracetic market in the years to come. Conversely, direct exposure of peracetic acid can cause allergy, burns and other hazardous infection to eyes, skin and respiratory organs. If the acid is consumed in high concentrations, the effects could be more dangerous. Altogether, peracetic acid is restricting its approval in household applications, which hampers the growth of peracetic market.
Developments and advancements in chemical products has resulted the horticulture industries to turn more cautious for checking microbial safety, which has promoted the application of peracetic acid in agriculture. With the use of concentrated peracetic acid, the overall price can be brought down for application in pulp and paper segment. However, the health hazards related to incessant exposure to product can obstruct the growth of the market.
Peracetic acid industry is categorized on the basis of product, application, and geography. On the basis of product, the industry is divided into solution grade and distilled grade. Sulfuric acid is commonly used due to which it is predicted to lead peracetic acid market in the years to come.
On the basis of application, peracetic acid industry is split into sterilant, disinfectants, sanitizer and others. Disinfectants segment is expected to register significant growth in future since it is widely used in industries like food and beverage, water treatment, healthcare, pulp and paper. This is followed by sterilant and sanitizer industry.
Geographically, the industry is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Europe is predicted to lead the market in the years to come owing to the growing demand. The key players in peracetic acid industry are Peroxychem, Evonik Industries, Kemira Chemicals, Seitz GMBH, Aditya Birla Chemicals, Ecolab, Solvay Chemicals, Mitsubishi Gas Chemicals, Enviro Tech Chemical Services, Christeyns, Promox S.P.A., and Helios Group among others.
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Market Segment:
Peracetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Food & Beverages
• Bottling & beverages
• Fresh produce
• Meats, poultry & seafood
• Health Care
• Medical
• Surgical
• Dental
• Pulp & Paper
• Bleach
• Others
• Water treatment
• Tertiary disinfectant
• CSO disinfectant
• Blend disinfectant
• Others
• Other applications
Peracetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
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Polycarbonate Market Drivers, Challenges, Opportunities, Analysis And Forecast till 2024 [Chemical]
August 02, 2021: Global Polycarbonate Market is anticipated to reach USD 25.37 billion by 2024 owing to the regulation policies that encourage the use of plastics by automotive OEMs for improving fuel efficiency and reducing vehicle’s weight. Polycarbonate are naturally translucent amorphous thermoplastic plastics. Owing to this feature, polycarbonates can internally transmit light as effectively as glass to sustain greater impacts as compared to other commonly used plastics.
Moreover, the flexibility of polycarbonates enables the manufacturing process at the room temperature with no cracks or breaks to convert without heat application. Despite the material known for its flexibility and strength, the transparency makes them ideal for use for a variety of applications that similar materials cannot offer.
Focusing on the low emissions by the environmental authorities, the automobile manufacturers are emphasizing on developing light weight automobiles. The extensive use of polycarbonate in manufacturing light weight automobiles is one of the major driving factors of the market. Also, the speedy expansion of consumer electronics segment is playing major role in the growth of polycarbonate industry.
Currently, polycarbonate holds considerable share of plastic market and the dominance is predicted to increase in the forecast period. This can be attributed to the growing demand from key end use industries like electronics, consumer goods and automotive. Polycarbonate is widely used for applications across verticals such as packaging, construction, medical devices, which is propelling the growth of polycarbonate market.
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On a global scale, polycarbonate material is also used in several structural, safety and aesthetic applications, especially in the automobile industry. The material is used in automotive components and other internal parts like front-end body panels, glazing, and bumper fascia.
Polycarbonate holdsdi-electric and retardance property that makes it ideal to be used in applications like electronics and electrical industries, which induces the growth of polycarbonate industry in the forecast period. Nevertheless, the unstable prices of raw materials like bisphenol A (BPA) is negatively impacting market growth. Additionally, significant cost of polycarbonate and low scratch resistant property of the material is predicted to hamper the growth of the market in the coming years.
Owing to the increase in demand for polycarbonates, manufacturers are developing products that could be used for new applications as well. Some leading players like BASF, Bayer, and DowDuPont are extensively engaged in research & development activities to develop eco-friendly products and comply with the current government regulations. Moreover, to enhance their competitive advantage in the industry constantly, they have been investing in development of modern technologies.
Polycarbonate market is categorized on the basis of application and geography. On the basis of application, the market is divided into automotive components, home appliances, electrical equipment, construction (polycarbonate resins & sheets), medical, food (bottles, water filter systems, dinnerware, tableware, etc.), and security & protection. Among these, electrical and automotive components segments are predicted lead polycarbonate industry. They are expected to remain dominant in future as well since they are widely used in most household appliances and automobiles.
Geographically, polycarbonate market is segmented as North Americas, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to lead the market owing to the increase in demand for the product from various end use industries like transportation and electrical appliances. China manufactures polycarbonate at a high rate and is also the largest consumer of the same.
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The major players of polycarbonate industry include EVONIK INDUSTRIES AG, Covestro, Mitsubishi Engineering Plastics Corp., Asahi Kasei Chemical Corporation, Bayer AG, LG Chemicals, Formosa, Idemitsu Kosan Co. Ltd., SABIC, and Teijin Limited, among others.
Market Segment:
Global Polycarbonate Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
• Transportation
• Electrical & Electronics
• Construction
• Packaging
• Consumer Goods
• Optical Media
• Medical Devices
• Others
Global Polycarbonate Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2024)
• North America
• U.S.
• Canada
• Europe
• France
• Germany
• Italy
• Russia
• Spain
• Asia Pacific
• China
• India
• Japan
• Korea
• Taiwan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
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Carnauba Wax Market Drivers, Challenges, Opportunities, Analysis And Forecast till 2024 [Chemical]
August 02, 2021: The global Carnauba Wax Market is anticipated to grow at a significant CAGR in the forthcoming period. Commercially, carnauba wax is used for a wide range of applications in the food & beverage, cosmetics, and automotive sector. A few applications include chewing gums, candies, chocolate, confectionary sugar, polishing wax, and food coating. The wax offers advantages such as durability, insolubility and versatility. It could be used in combination with tints and dyes to enable an everlasting polish. The applied wax does not flake off with time, though it may appear dull.
The factors responsible for the growth of carnauba wax market include rise in adoption of eco-friendly products in the pharmaceutical industry and food & beverage industry. The food & beverage industry constantly witnesses innovation, which, in turn, is expected to contribute to the market growth during the forecast period.
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By form, the carnauba wax industry segmentation includes powder, lumps, and flakes. Based on application, the carnauba wax market segmentation comprises polishes, additives, food coatings and release agents. By origin, the carnauba wax industry segmentation includes natural car wax and synthetic car wax. By type, the segmentation includes paste waxes, liquid waxes and spray waxes.
Geographical segmentation for carnauba wax market includes North America, South America, Europe, Asia-Pacific Excluding Japan, Middle East and Africa. North American and European markets are likely to gain a significant growth, as they are in the maturity stages. Rise in demand for automotive car waxes and automotive car care industry is likely to propel the market growth in the forecast period.
APEJ regions are likely to grow at a dominant position owing to increase in industrialization leading to development of application industries in the region. Rise in demand for food coating agents is likely to propel the market growth in the forecast period. The key players in the carnauba wax industry include Akrochem Corporation, Strahl & Pitsch Inc, Calwax, Koster Keunen LLC, Kahl GmbH & Co, and Frank B.Ross Co. Inc
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Market Segment:
Product Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• Type1
• Type 3
• Type 4
Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• Cosmetics
• Food
• Automotive
• Pharmaceutical
• Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa
Get in touch
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Adhesion Promoter Market Growth Drivers, Statistics and Forecast Report till 2024 [Chemical]
July 29, 2021: The global Adhesion Promoter Market is estimated to develop at a substantial CAGR for the duration of the prediction. The adhesion promoters are the materials that upsurge the power of adhesion of the coverings; thereby firming up the connection between the substrate and covering. These are applied like a skinny film. They are utilized extensively in coverings and paints. They are likewise utilized to increase the trustworthiness of plane pane presentations & semiconductors. They are also used in production of higher performance vulcanized rubber and paints to be weather competent.
The important issues motivating the market of comprise growth in demand in the automobile manufacturing and increase in practice in compounds. Demand for adhesion promoters is likely to upsurge owing to the new-fangled uses for example printed circuit boards. This is inspiring firms to increase the manufacture. Furthermore, stress-free obtainability of raw materials is expected to increase the demand in the nearby future.
On the source of the Type of Application, the statement concentrates on the position and viewpoint for foremost uses/end users. It takes into consideration the intake in terms of sales, market stake, and development percentage for the respective use, including Metals, Rubber, Plastic & Composites, Adhesives, Paints & Coatings.
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The subdivision of Plastics & Composites was the most important subdivision of application having an assessment of US$ 836.1 million during the year 2015. These materials are largely utilized to produce engineered products with accuracy, due to valuable possessions of product that are supple, lightweight.
The Adhesion Promoter market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Titan ate & Zircon ate, Maleic Anhydride, Chlorinated Polyolefin, and Silane. The subdivision of Silane was the foremost product section responsible for above one-third stake of the general market proceeds during the year 2015. It was due to greater demand for paints &coverings, and uses of rubber.
The Adhesion Promoter market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By the source of geography, the market for adhesion promoter in Asia Pacific heads the international business. It was responsible for the stake of above 40% of the entire capacity of the market during the year 2015. Moreover, it is estimated to keep up its place above the prediction period. Increasing admiration of these promoters in nations like India, South Korea, Japan, and China wherever the building actions are increasing, is expected to drive provincial development.
Growing per head earnings together with greater trades of passenger has brought up demand for the product in the subdivision of automobile. North American market for adhesion promoter is likely to develop at a GAGR of 5.4% above the prediction period, due to the growing building activities with an invigorated subdivision of automobile, post regaining from the period of slump during the year 2009. In Mexico, the speedy growth in infrastructure is furthermore expected to motivate the development in the area.
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The statement revises Trades in terms of intake of Adhesion Promoter in the market; Particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are DuPont, BASF SE, Arkema SA, Atlanta AG, Eastman Chemical Company, Sartomer Inc., Evonik Industries AG, Air Products & Chemicals, Inc., Dow Corning Corporation, Akzonobel NV, Momentive Performance Materials, Inc., and the 3M Company.
Market Segment:
Global Adhesion Promoter Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Silane
• Maleic anhydride
• Chlorinated polyolefins
• Titanate & zirconate
• Others
Global Adhesion Promoter Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Plastics &composites
• Paints &coatings
• Rubber
• Adhesives
• Metals
• Others
Global Adhesion Promoter Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Asia Pacific
• India
• China
• Japan
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East and Africa
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Research Support Specialist, USA
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U.S. Terrazzo Market Outlook and Forecast Analysis Report till 2024 [Chemical]
July 29, 2021: U.S. Terrazzo Market is predicted to reach USD 1.47 billion by 2024 owing to the rise in infrastructure that uses the new generation flooring system. Terrazzo flooring is the most versatile tiling options available in the market. It is prepared by combining marble, quartz, granite, or glass chips into a cement binder, terrazzo is cost-efficient, eye-catching and one of the strongest tiling products in the industry. The durable tiling material also has features like water-resistant, damage resistant, chip-free that can be re-finished and polished to a new look anytime.
Few driving factors of U.S. terrazzo industry include the development of new generation flooring systems, completely automatic concrete tile making, technological developments to design sustainable & customer centric designs and monitoring systems to improve distribution & contracting services. In addition, inclination towards customized flooring system designs and technology that plays an important role across the value chain boosts the U.S. terrazzo market in the coming years. From the raw material to end users, technological modernizations are supporting the upgraded services that helps in enabling an efficient customer service.
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Among the different types, epoxy is the most widely used segment. The product is limited to indoor application due to UV exposure. On the other hand, rustic and polyacrylateare used for outdoor areas since they can sustain adverse environmental conditions. These factors are expected to balance the demand for terrazzo in future, affecting U.S. terrazzo industry positively.
The educational sector dominates the application segment in near future. The rising number of universities, educational institutes, schools and auditorium in the United States is anticipated to remain a major factor for the growing penetration of U.S. terrazzo market. The market is categorized on the basis of product, end users, and geography. On the basis of product, U.S. terrazzo industry is divided into inorganic, epoxy, rustic, sand cushion, bonded, cement, monolithic and polyacrylate terrazzo.
Based on end users, U.S. terrazzo market is classified into commercial, household, and government buildings. Geographically, the market is segmented as North America, Central America, and South America. The prominent players in U.S. terrazzo industry comprise Doyle Dickerson Terrazzo, Inc., Klein & Company, Inc. Terrazzco, The Venice Art Terrazzo Co., Inc., EnviroGLAS Products, Inc., H.B. Fuller Construction Products, RBC Industries, Sherin Williams, David Allen Company, Key Resin Co. Terrazzo USA & Associates.
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Market Segment:
U.S. Terrazzo Product Outlook (Volume, Million Square Feet, Revenue, USD Million, 2013 - 2024)
• Cement
• Epoxy
• Sand Cushion
• Bonded
• Monolithic
• Polyacrylate
• Rustic
U.S. Terrazzo Application Outlook (Volume, Million Square Feet, Revenue, USD Million, 2013 - 2024)
• Educational
• Commercial
• Government Buildings
• Transport
• Others
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Polyurethane (PU) Foam Market Growth Factor And Opportunity Analysis till 2024 [Chemical]
July 23, 2021: Global Polyurethane Foam Market is expected to reach USD 91.96 billion by 2024. Polyurethane (PU) is a most adaptable plastic material formed by reacting a polyol with a polymeric isocyanate or di-isocyanate in presence of additives and catalyst. It is also termed as polycarbamates. Polyurethanes foam is also termed as PUR foam. It is formed by the reaction of addition, cyclotrimerization or condensation. The Polyurethane (PU) Foam Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.
High demand for polyurethane foam from end users like building & construction and bedding & furniture, growing investment in renovation in non-residential buildings and new infrastructure development in Brazil, the United States, India, and China are documented as major factors of Polyurethane (PU) Foam Market that are estimated to enhance the growth in the years to come. Polyurethane Foam industry is segmented based on type, end user, and region.
Spray foam, flexible foam, and rigid foam are the types that could be explored in Polyurethane (PU) Foam in the forecast period. Flexible foam sector accounted for the substantial market share of polyurethane foam and is estimated to lead the overall market in the coming years. This may be because of high demand from automotive industries. The market may be categorized based on end users like footwear, building & construction, packaging, bedding & furniture, automotive, electronics, and others that may be explored in the forecast period.
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Globally, Asia Pacific accounted for the substantial market share of Polyurethane (PU) Foam and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand for flexible polyurethane foam and growing acceptance in end use industries. The developing countries like China and India are the major consumers of polyurethane foam in this region.
Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.
The key players of Polyurethane Foam Market are Huntsman Corporation, BASF SE, The Dow Chemical Company, and Covestro. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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Market Segment:
Global Polyurethane Foams Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Rigid Foam
• Flexible Foam
Global Polyurethane Foams Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Bedding & furniture
• Transportation
• Packaging
• Construction
• Electronics
• Footwear
• Others
Polyurethane Foams Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
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Polyacrylic Acid Market Driving Factors and Forecast Report till 2025 [Chemical]
July 20, 2021: Global Polyacrylic Acid Market is anticipated to reach USD 3.79 billion by 2025. Polyacrylic acid is also termed as “Carbomer”. It is widely used in cleaners, paints, detergents and cleaners, and in personal care owing to its adhesive property and high bonding. Polyacrylic Acid implies synthetic high molecular weight polymer of acrylic acid, and its degree of ionization depends on the pH of the solution.
The factors that propel the growth of the Polyacrylic Acid industry include usage in waste water treatment. It has several properties like excellent absorption ability, and purification of water in the manufacturing industry. On the other hand, there are factors that may hamper the growth of the market including availability of inorganic chemical alternatives for water purification and wastewater treatment procedures such as alum pose and polyaluminum chloride giving tough competition to polyacrylic acid. Polyacrylic Acid Market is estimated to grow at a significant CAGR of 6.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Polyacrylic Acid industry may be explored by application and geography. The key applications that could be explored in the Polyacrylic Acid Market include Detergents & Cleaners, Water & Wastewater Treatment, Paints, Superabsorbent Polymers, Coatings, & Inks, and Others. The “Detergents & Cleaners” segment led the Polyacrylic Acid industry in 2017 and is anticipated to maintain its dominance by 2025 owing to increase in the consumption of liquid based laundry detergents in China is expected to drive the product demand over the years to come. Furthermore, increase in the inflexibility of environmental protection laws coupled with substantial capital spending on treating industrial wastewater and water.
Asia-Pacific accounted for the major share of the Polyacrylic Acid Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include substantial industrial growths in the wastewater treatment segment in Asia Pacific, and demand of aqua treatment chemicals in the forthcoming period. Asia-Pacific is followed by Europe followed by North America.
Some of the key players that fuel the growth of the Polyacrylic Acid industry comprise Nippon Shokubai Co., Ltd., Arkema S.A., Ashland, Inc., BASF SE, Lubrizol Corporation, KemiraOyj, Henan Qingshuiyuan Technology Co., Ltd., ZoupingDongfang Chemical Co., Ltd., The Dow Chemical Company, and Aurora Chemicals. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Market Segment:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Water & Wastewater Treatment
• Detergents & Cleaners
• Paints, Coatings, & Inks
• Superabsorbent Polymers
• Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
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