Thursday 17 January 2019

Synthetic Ester Lubricants Market Worth USD 2.0 Billion By 2020

The global synthetic ester lubricants market is expected to reach USD 2.0 billion by 2020, according to a new report by Grand View Research, Inc. This trend is expected to continue over the forecast period due to growing need of synthetic ester as hydraulic oils in manufacturing and construction industry. Rapid industrialization and infrastructure development in Asia Pacific is expected to propel demand for synthetic esters over the forecast period.
North America synthetic ester lubricants demand, by application, 2012-2020 (Kilo Tons)


Increasing demand for environment-friendly products is another major factor contributing towards the overall market growth. Rising need from heavy machinery manufacturers owing to its ability to withstand high temperatures is also playing a major role in fueling growth and trend is expected to continue over the forecast period.
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Further key findings from the report suggest:
  • Synthetic esters for compressor oils dominated the application share, accounting for 40.7% of global synthetic ester volume in 2013. Increasing use of the product in compressor oils owing to improved thermal stability, high dielectric strength and low moisture content is expected to be a favorable factor for growth in the near future.
  • Hydraulic oils are expected to witness growth on account of rising awareness towards environmental friendly lubricants among consumers. In addition, growing exploration activities in oil & gas industry particularly in South China Sea coupled with rising demand for hydraulic oils from energy industry particularly in India, Indonesia and Vietnam is expected to drive growth.
  • Europe dominated the product volume, accounting for 37.6% of the total share in 2013 primarily due to high lubricant demand from aerospace and manufacturing industries. Europe demand for synthetic ester lubricants is expected to grow at a significant rate owing to supportive regulations promoting the use of biodegradable esters in various applications including compressor oils, engine oils and metalworking fluids.
  • The region is expected to lose share owing to the shift in manufacturing activities to parts of Asia and South America. This is primarily due to availability of cheap skilled labor coupled with low priced raw material availability and technology advancement.
  • Key participants include Exxon Mobil, British Petroleum, Shell, Total, Chevron, Fuchs Group, Valvoline, Amsoil Inc., INEOS and International Lubricants Inc.

Nonwoven Fabrics Market By Technology (Spunlaid, Carded, Air Laid, Wet Laid), By Application (Durable, Disposable) Expected To Reach USD 42.1 Billion By 2020

The global nonwoven fabrics market is expected to reach USD 42.1 billion by 2020, according to a new study by Grand View Research, Inc. Growing production of baby diapers on account of increasing birth rate particularly in Asia Pacific is expected to remain a key driving factor for the global nonwoven fabrics market. Increasing construction spending in emerging economies of China, India and Brazil is also expected to have a positive influence on the market growth. Volatile prices of key raw materials are expected to remain a key challenge for market participants over the next six years.
Global nonwoven fabrics market volume by product, 2012-2014


Polypropylene nonwoven fabrics were the highest consumed product segment accounted for over 60% of total market demand in 2013. PP nonwoven fabrics are also expected to witness highest growth rate over the next six years. Increasing birth rates in emerging markets of India and China and increasing geriatric population in countries such as U.S., UK, Germany and Japan have driven the demand for baby diapers and adult incontinence products respectively. Increasing demand for baby diapers and adult incontinence products is expected to drive polypropylene nonwoven fabrics demand.
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Further key findings from the study suggest:
  • Global nonwoven fabrics demand was 8,687.2 kilo tons in 2013 and is expected to reach 13,652.4 kilo tons by 2020, growing at a CAGR of 6.7% from 2014 to 2020.
  • Spunlaid emerged as the leading technology used in the global nonwoven fabrics market and accounted for 48.5% of total market volume in 2013. Spunlaid is also expected to witness highest growth rate over the next several years. Increasing demand for spunlaid nonwoven fabrics in hygiene and medical applications is expected to drive its market over the next six years. Global demand for air laid based nonwoven fabrics is expected to exceed 1 million tons by 2020.
  • Durable applications such as construction, automotive and geotextile were the leading application segment in the global nonwoven fabrics market which together accounted for 59.7% of total market volume in 2013. Growth of construction and automotive industry particularly in BRIC nations is expected to spur growth for nonwoven fabrics in durable applications.
  • Asia Pacific was the leading regional market and accounted for 42.4% of total market demand in 2013. Growth of major end-use industries particularly in emerging markets of China and India is expected to drive nonwoven fabrics market in the region over the forecast period. Middle East and Africa is expected to be the fastest growing regional market for nonwoven fabrics at an estimated CAGR of 8.2% from 2014 to 2020. Growth of geotextiles and construction industries in Saudi Arabia, Egypt and South Africa is expected to drive the regional market.
  • The global nonwoven fabrics market is highly fragmented in nature with the market witnessing frequent mergers & acquisitions by large companies in order to gain market share. Top four companies accounted for below 20% of total market in 2013. Some of the major companies operating in the market include Freudenberg, Ahlstrom, DuPont, PEGAS, Providencia, AVGOL, Kimberly-Clark, PGI, Fiberweb, Mitsui and Toray.

Wednesday 16 January 2019

Ceramide Market Size To Be Worth USD 360.4 Million By 2022

The global ceramide market is expected to reach USD 360.4 million by 2022, according to a new report by Grand View Research, Inc. Increasing demand for anti aging and environmental protection skin care products are expected to drive the overall industry growth. Social factors such as changing lifestyle coupled with increasing geriatric population base particularly in Japan, U.S. and parts of Europe has created novel demand for ceramide based products in the recent past and this trend is expected to continue over the next seven years. 
U.S. ceramide market revenue by application, 2012-2022 (USD Million)


Expanding application base in food and pharmaceutical industries is also expected to have a positive influence on the market growth. Key personal care product manufacturers such as Elizabeth Arden Inc, Pur minerals, Kao Group, Etvos, L’Oreal, Avon Products Inc., Oriflame, Revlon Inc., Beiersdorf and Paula’s Choice are widely using ceramides for innovative skin and hair care solutions. 
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Further key findings from the report suggest:
  • Global ceramide market was estimated at USD 239.2 million in 2014 and is expected to reach USD 360.4 million by 2022, growing at a CAGR of 5.4% from 2015 to 2022.
  • Cosmetics were the leading application segment and accounted for over 65% of total market revenue in 2014. Ceramide is used in wide range of cosmetic products including hair treatment, skin care and makeup products. Growth of personal care industry particularly in Asia Pacific is expected to drive this segment over the forecast period.
  • Food is expected to witness the highest growth of 5.5% over the forecast period on account of changing consumer lifestyle coupled with growing demand for organic products. Ceramides are currently used in food additives and supplements. Nutraceutical manufacturers are expected to expand ceramide based food supplements product line over the forecast period.
  • Asia Pacific was the leading regional market with demand share exceeding 35% in 2014. Growth of personal care industry in India and China coupled with increasing geriatric population in Japan and South Korea is expected to drive the regional growth over the forecast period. Asia Pacific is also expected to witness the highest growth of 6.2% from 2015 to 2022.
  • Global ceramide industry is consolidated in nature and is dominated by top multinational corporations which have presence across the value chain. Key companies operating in the global market include Evonik, Macrocare Tech Ltd., Cayman Chemical, Doosan Corporation, Anderson Global Group LLC, Xi’an Aladdin Biological Technology, Bo-Kwang Chemical Co. Ltd, Unitika, Pioneer Biotech, Incospharm Corporation, Wuhan Saiguang, Ashland Inc., Kao Group and Sederma.

Antifouling coating market size to grow at a CAGR of 5.0% from 2015 to 2022

Antifouling coating Market are used to improve the stability and resilience of underwater surfaces of marine vessels such as cargoes, drilling rigs, passenger ships, and a yacht. The global antifouling coating industry is expected to witness growth on account of increasing demand for merchant fleets and navies and reach over USD 2.43 billion by 2022. New developments in ship-based logistics services in emerging economies including Middle East countries, Brazil, and India is estimated to fuel market growth for these coatings. Increasing need for embedded compact systems as prerequisite in deep water offshore reserves coupled with rising importance for Floating Production Storage Offloading (FPSO) in upstream oil & gas sector is anticipated to result in an up surging demand for antifouling paints.
Germany Antifouling Coating Market, by Application, 2012 - 2022 (Tons)


Demand for global antifouling coatings was 84.3 kilo tons in 2014 and is projected to surpass 130.0 kilo tons in the next seven years. It is expected to grow at a CAGR exceeding 5.0% in the forecast period. Furthermore, demand for antifouling paints in shipping vessels was approximately 71.0 kilo tons in 2014. Production platforms and drilling rigs are projected to gain prominence attributing to the expansion of offshore natural gas production capacity in Saudi Arabia and Brazil over the forecast period.
Support from regulatory bodies in countries including China, Angola, Nigeria, Malaysia, and Brazil, in an attempt to encourage foreign investments at a national level is expected to have a positive impact on the offshore oil & gas market. In 2014, demand for production platforms & drilling rigs was over 13.0 kilo tons. In 2014, antifouling coatings accounted for nearly 80.0% of the total market share by volume owing to increasing use in shipping vessels due to their ability to save fuel from fouling organisms and extension of dry docking interval.
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Asia Pacific is estimated to experience rapid growth at a CAGR of 6.0% over the forecast period in terms of volume. Initiatives by the Government of India in November 2015 to incentivize for increasing the productivity of shipbuilding at a national level is anticipated to provide new avenues for new entrants in the market.
North America is expected to witness growth over the forecast period owing to increasing production of unconventional sources such as tight oil and shale gas in Canada and the U.S. The market was 2.36 kilo tons in 2014. Technological advances in hydraulic fracturing are expected to encourage the use of FPSO vessels, which in turn is anticipated to propel demand.
Key manufacturers include Jotun A/S, PPG Industries, AkzoNobel N.V, Sherwin Williams, Hempel A/S, Nippon Marine and Kansai Paints. Increase in R&D expenditure to develop eco-friendly products to promote product differentiation while abiding by environmental friendly laws by regulatory bodies is expected to drive market growth. Furthermore, the establishment of new production facilities due to the expansion of application sectors in markets namely Russia and China is anticipated to propel demand over the forecast period.

Tuesday 15 January 2019

Electroactive Polymers Market Worth USD 6.38 Billion By 2022

The global electroactive polymers market is expected to reach USD 6.38 billion by 2022, according to a new report by Grand View Research, Inc. Growing importance of electroactive materials owing to their lightweight, good dielectric and piezoelectric properties is expected drive the market over the forecast period. Increasing use of electrostatic polymers in solar cells for reducing voltage consumption and managing the required voltage outflow is expected to favorably impact the industry in future.
U.S. electroactive polymers market, by product, 2012-2022, (Kilo Tons)


Inherently Conductive Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are expected to witness the fastest growth over the forecast period. Rising importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on account of providing electrical conductivity and optical clarity is expected to have a positive impact on the market.
Increasing use of dispersed form of poly(3,4-ethylenedioxythiophene) (PEDOT) and Polystyrene Sulfonates (PSS) as hole injecting material for R&D of OLED is likely to open new avenues for ICP.
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Further key findings from the report suggest:
  • Global electroactive polymers market size was 234.7 kilo tons in 2014 and is expected to grow at a CAGR of 9.7% from 2015 to 2022
  • Electroactive polymers demand in actuators was over 40 kilo tons in 2014 and is expected to witness growth on account of increasing application of later in hydraulic systems and fuel engines
  • Europe accounted for over 20% of the global volume in 2014. Rising expenditure for incorporation of nanotechnology along with deployment of lightweight materials in electronics and automotive industries of Germany and France is expected to have a positive impact.
  • Growing concerns regarding Green House Gas (GHG) emissions emitted during chemical processes have forced key market players, including Bayer, to focus on the development of bio-based polymers. Shifting preference towards bio-polymers from synthetically derived chemicals is expected to ensure the raw material access to manufacturers over the next seven years.
  • Bayer AG, 3M, Parker-Hannifin Corporation, RTP Co., Piezotech SA, The Lubrizol Corporation, Kenner Material & System Co., Ltd., Celanese Corporation, and Agfa-Gevaert NV are some of the key manufacturers present within the global market. In June 2014, Parker-Hannifin announced development of smart sensors and actuators through the deployment of electroactive polymer technology.
  • Increasing application of electronic products such as actuators, sensors as well as ESD and EMI compounds in emerging markets of China and India is expected to force buyers to opt for backward integration to ensure the continuous product supply for their captive production.

Polyurethane Dispersion Market Worth USD 1.6 Billion By 2022

The global polyurethane dispersion (PUD) market is expected to reach USD 1.6 billion by 2022, according to a new report by Grand View Research, Inc. Growth of the key end-use industries including automotives, packaging, furniture, textile and leather is expected to drive the global polyurethane dispersion market over the forecast period. Civil unrest in Middle East and North Africa coupled with depleting crude oil reserves has been major factor influencing petrochemical prices globally. Volatile MDI and TDI prices are expected to remain a key challenge for market participants over the next seven years.
North America polyurethane dispersion market revenue by product, 2012-2020, (USD Million)

Water based PUD was the leading product segment and accounted for 53.8% of total market volume in 2014. Favorable regulatory norms for water based dispersants have resulted in the rise in consumption. It is also expected to witness the highest growth of 6.4% from 2015 to 2022. Stringent regulations particularly in developed economies of North America and Europe are expected to retard growth of solvent based PUD. 
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Further key findings from the report suggest:
  • Global polyurethane dispersion (PUD) market size was 296.4 kilo tons in 2014 and is expected to grow at a CAGR of 5.9% from 2015 to 2022.
  • Automotive, packaging, interiors and furniture are key application for PUD. Growth of these industries in BRICS market is expected to fuel PUD demand over the forecast period. Synthetic leather is expected to witness significant gains in its market size. The segment is expected to grow at an estimated CAGR of 7.5% from 2015 to 2022.
  • Asia Pacific was the leading regional market with demand share estimated at 37% in 2014. Positive outlook on automotive and textile industries in China, India and Indonesia is expected to drive the regional growth. Asia Pacific is also expected to witness the highest growth of 6.5% from 2015 to 2022.
  • PUD industry is moderately concentrated with high degree of competitiveness among the market participants to gain market share. Key industry participants have been focusing on consolidation of industry. High concentration of unorganized manufacturers in China is expected to pose challenge for market leaders in terms of price and product offerings. Major companies operating in the global market players include BASF, The Dow Chemical Company, Bayer MaterialScience and Cytec. 

Monday 14 January 2019

Slideway Oil Industry Size To Reach USD 94.78 Billion By 2022

The global slideway oil market is expected to reach USD 94.78 billion by 2022, according to a new report by Grand View Research, Inc. High machinery demand in automobile, food & beverage and packaging industry is expected to fuel product market over the next seven years. 
Rapid industrialization in emerging economies of BRICS on account of favorable foreign investment norms, availability of large pool of skilled labor and technological know-how is expected to have a positive impact on the sector over the forecast period. 
U.S. slideway oil market volume product, 2015 - 2022 (Kilo Tons)


Increasing R&D expenditure for introduction of improved product grades is expected to promote demand over the next seven years. Stringent regulations restraining product use primarily in food & beverage manufacturing machinery is likely to hamper industry growth. Technological innovations pertaining to improving efficiency and anti-slip properties is expected to have a positive impact on the market over the next seven years.
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Further key findings from the report suggest:
  • ISO VG 68 was the largest product segment with volume estimated over 3.00 million tons in 2014. The product is employed in numerous mobile and industrial applications on account of its excellent wear protection against high speed pumps and increased pressure, rust and corrosion. This is expected to have a positive impact on product growth over the next seven years.
  • ISO VG 220 grade revenue was valued over USD 15.00 billion in 2014. Increasing product use in worm gears and heavy loaded gearings on account of anti-wear and anti-corrosion properties is expected to fuel its demand over the forecast period.
  • Asia Pacific is the largest regional segment and was valued at over USD 25.00 billion in 2014. Rapid industrialization in India and China coupled with growing transportation and manufacturing sectors are expected to favourably impact demand over the forecast period.
  • North America and Asia Pacific have been the largest markets for these products on account of tremendous growth in the manufacturing sector. Rising R&D investments coupled with associated technological breakthroughs in the area of processing and cost-effective production of slideway oils were key factors responsible for augmenting demand over the past few years and the trend is expected to continue over the forecast period.
  • Major manufacturers are integrated to provide specialized products on the basis of application. Companies including ExxonMobil and Chevron are directly involved in production of slideway oil for specific applications. These companies are further involved in supply agreements with major end-users to ensure steady sales of the product.  Rising industrial output particularly in metal forming, foundry, plastics, machining and mining industries of China and India has led to capacity expansions by companies.