The building & construction industry accounted for the largest share of the overall epoxy ahdesives market, in terms of volume, followed by the automotive industry. The building & construction industry started using epoxy adhesives with the increasing usage of composites, plastics, and other higher strength metals. Growing urbanization is fueling the growth of the construction sector, which is driving the epoxy adhesives market.
The global epoxy adhesives market size is projected to grow from USD 7.2 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 6.0%. Increasing urbanization and growing usage of composites, plastics, and other higher strength metals in the construction industry is driving the global epoxy adhesives market. Epoxy adhesives offer the ability to adhere strongly, with exceptional mechanical & electrical insulating properties and chemical and heat resistance. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142980020 Recent Developments
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The global furfural market size is projected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) of 4.9% between 2019 and 2024. Increasing demand from various end-use industries such as foundry, pharmaceutical, and textile is the primary factor driving the furfural market.
The key players in the furfural market are Transfuran Chemicals (Belgium), Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation (China), KRBL(India), Lenzing (Austria), Tanin (Slovenia), and Shandong Crownchem Industries (China). To know about the assumptions considered for the study download the pdf brochure The market for furfural is dominated by China. The presence of large manufacturing capacities in the country has resulted in lower prices of furfural, thereby affecting the other players in the market. As a result, anti-dumping duties were levied on Chinese imports by the US. EU also had anti-dumping duties against Chinese imports, but it was later removed in 2012. Thailand is also one of the key exporters of furfural in APAC. The study involves four major activities in estimating the current market size of furfural. Exhaustive secondary research was done to collect information related to the furfural market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments. Report Objectives To define, describe, and forecast the market size of furfural, in terms of value and volume To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth To analyze and forecast the market size on the basis of application and raw material To forecast the market size of different segments with respect to four regions, namely, APAC, Europe, the Americas, and the Middle East and Africa. To forecast the market size of different segments with respect to key countries of each region To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market To strategically profile the key players and comprehensively analyze their growth strategies To speak to our analyst for a discussion on the above findings, click Speak to Analyst The major end-use industries of the Ultra-High Molecular Weight Polyethylene market are aerospace, defense, & shipping, healthcare & medical, mechanical equipment and others, which include sports & lifestyle and electronics industries. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatible, wear resistance, and electric insulation resistance.
Increasing demand of UHMWPE by the healthcare & medical industry is expected to drive the market across regions. North America is estimated to lead the global UHMW PE market in 2016. The Asia-Pacific UHMWPE market is projected to grow at the highest CAGR from 2016 to 2026, owing to the increasing demand for medical devices from countries, such as China, Japan, and India. Download PDF Brochure for more insight: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257883188 Healthcare & Medical The healthcare & medical segment is projected to contribute the largest share in the consumption of UHMWPE worldwide, during the forecast period. Due to properties such as, low absorption and self-lubrication, fatigue resistance, yield strength, and high elastic modulus, manufacturers prefer UHMWPE over other polymers. UHMWPE has excellent chemical resistance, excellent dielectric & electrical insulating properties, and superior sound dampening characteristics, owing to which it is increasingly used in orthopedic industry. Aerospace, Defense, and Shipping UHMWPE is widely used in various applications in the aerospace, defense, and shipping industries. Features such as light weight, thermal insulation, noise reduction, resistance to fatigue, resistance to wear, fuel resistance, de-icing, fluid resistance, electrostatic dissipation, low friction, and chemical resistance makes UHMWPE ideal for use in these industries. In aerospace, it is used in interior design (tray tables, windows, canopies, arm rests, valve seats), exterior structures, propulsion equipment, and so on. It is also used as a base material to shield cosmic radiation in the aerospace application. Mechanical Equipment UHMWPE is widely used for machining processes in various industries such as textiles, paper & pulp, foods & beverages, iron & steel, bottling, power, railcars, cement, chemical, minerals & metals, farm machinery, unit material handling, parcel handling, conveyor equipment, distribution centers, and so on. UHMWPE helps to enhance surface lubricity which leads to the free movement of machine components and reduces jamming from dirt, grit, or static build-up. The most common applications of UHMWPE in mechanical equipment include belt skirting, chute liners, hopper liners, transfer plates, under belt wear strips, guide rollers, diverter bars, dead plates, hitch plates, belt scarpers, bunker liners, cyclones, dragline buckets, pug mill paddles, vibratory feeder liners, vibrator bin discharges, surge bin liners, silo liners, screw conveyor liners, off road truck beds, dust collection hopper liners, and conveying components such as bearings, belt guides, chain guides, curves, guide rails, and wear strips. Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany) are some of the key players in the global UHMW PE market. The ceramic tiles market size is estimated to grow from USD 227.9 billion in 2018 to USD 320.1 billion by 2023, at a CAGR of 7.03%. The report “Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) – Global Forecast to 2023″ The market is projected to witness steady growth in the next few years, due to the rise in new construction activities resulting from rapid industrialization and urbanization. Increase in investments in the construction industry, the rise in population, and growing focus toward interior decoration
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228236779 Asia Pacific is estimated to account for the largest share of the market in 2017. The large share of this region can be attributed to the growing construction industry, supportive government policies & plans, and rapid urbanization. Among all countries in the Asia Pacific region, the ceramic tiles market in India is projected to grow at the highest CAGR during the forecast period. The Middle Eastern & African market is projected to be the second-largest market during the forecast period. The residential segment is projected to be the faster growing segment during the forecast period owing to the growing demand for aesthetic ceramic tiles and growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of the population. All these factors are expected to fuel the demand for ceramic tiles in the residential sector. Ceramic tiles are used in various construction types such as in new construction and replacement & renovation activities. The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. It is easier and more cost-efficient to install ceramic tiles in new constructions than in replacement & renovation activities. The growth of the ceramic tiles market is hindered by the volatility in the prices of raw materials. Fluctuations in the prices of raw materials such as silica sand, kaolin, feldspar, and bentonite increase the capital involved in the entire manufacturing process of ceramic tiles. Rising costs and unexpected deviations in raw material prices destabilize the supply chain and render it difficult for manufacturers to sustain in the competitive ceramic tiles market. To speak to our analyst for a discussion on the above findings, click Speak to Analyst PeroxyChem (US) and United Initiators (Germany) are the Leading Players in the Persulfates Market4/1/2020 The global persulfates market size was USD 730 million in 2020 and is projected to reach USD 861 million by 2025, at a CAGR of 3.4% between 2020 and 2025. APAC accounted for the largest share of the persulfates industry globally. Persulfates, due to its oxidizing properties, are widely used in various end-use industries, such as electronics, polymer, water treatment, cosmetics & personal care, and pulp, paper & textiles. There are three main types of persulfates: ammonium, potassium, and sodium. All three persulfates can be used as a substitute for each other. Persulfates are used in end-use industries such as a polymer, electronics, cosmetics & personal care, pulp, paper & textiles, water treatment, oil & gas, and soil remediation, among others. The increasing capacity additions by polymer manufacturing companies in the recent past have increased the use of persulfates, which are used as an initiator during the polymerization reaction. However, there has been a plastic demand setback due to lower consumption in China. The demand for persulfates in these end-use industries is projected to grow at a relatively slow rate in the coming years due to economic slowdown and the impact of COVID-19. For the impact of COVID-19 will be seen for the FY-2019-2020 and 2020-2021 as the growth of the persulfates for these years will be slowed down. China is the largest producer and exporter of persulfates in the world, and COVID-19 has resulted in a temporary closure of manufacturing plants in China. To know about the assumptions considered for the study download the pdf brochure The leading players in the persulfates market include PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim –Kimya (Turkey), Adeka Corporation (Japan), and Fujian Zhanhua Chemical Company (China). These market players account for a large share of the market. PeroxyChem is a global producer of specialty chemicals, focusing on peroxygen chemistry and its related technologies. It is also the only manufacturer of persulfate in North America. Evonik Industries completed its acquisition for USD 640 million in February 2020. PeroxyChem’s three principal chemistries include hydrogen peroxide, peracetic acid, and persulfates. The company is also one of the largest global manufacturers. PeroxyChem has launched its new product in the Klozur Series– Klozur One, an activated sodium persulfate. This has enhanced the product portfolio of the company and is expected to be advantageous for use in in-situ chemical oxidation (ISCO), which is used for soil remediation. United Initiators is one of the leading manufacturers of organic peroxides and persulfates. The company has a strong presence in Europe, North America, and Asia Pacific. It caters to the demand for persulfates from end-use industries such as cosmetics, electronics, disinfectants, building & construction, textile, metal treatment, oil & gas, pulp & paper, and pool & spa. The Degussa-Aj (Shanghai) Initiators, one of the top persulfate manufacturers from China, is a subsidiary of United Initiators. The company has entered in a joint venture with VR Persulfates in 2018 for manufacturing persulfate. The manufacturing plant of VR Persulfates is in Ahmedabad, India. In 2019, the company opened a new plant with 10 KT annual production capacity of sodium persulfates in Huaibei, China. 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