Chemicals and Materials Market Latest News, Trends: market report

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Monday, November 30, 2015

Applied in Many Major Industries, Sputtering Target Materials Market is Set to Reach $3.2 Billion

Owing to their significant applications in diverse end user industries and wide range of applications like semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and many more, Sputtering Targets Market is set to witness a significant growth in terms of sales during the observation period. The expected success of the Sputtering Targets Market is majorly driven forward by the rising demand for high precision coatings, wear-resistant coatings, low friction coatings, corrosion resistant coatings and some decorative coatings in various applications.

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Market Trends & Growth:

The Evaporation Materials Market is estimated to experience a fair enough growth in the forecast period because of the constant demand from dedicated end user sectors, especially electronics, energy, industrial, optical and others.

According to research, the forecast period of Evaporation Materials Market might not see much of changes or difference in terms of growth and development with respect to geographical regions. With the record of APAC having generated revenue of $1,370.5 Million in 2014, this region is forecasted to hold major share with more than 48% especially due to the demand from Electronics and Energy Sector by the end of 2020. The success of this market also owes to the presence of numerous targets and materials providers and end user sectors. While APAC is estimated to grow with a significant CAGR during the forecast period and is the current market leader, North America held the second major share followed by Europe and RoW.

The evolution of substitute technologies such as functional printing and 3D printing will affect the CAGR of Sputtering Targets and Evaporation Materials Market in coming years. It is also estimated that North America and Europe will also experience slight decline in terms of the total market share. Although, overall, sputtering targets and evaporation materials market may witness considerable demand mainly from APAC region.

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REPORT SCOPE:

Market Segmentation:

Sputtering Targets and Evaporation Materials Market is widely segmented into 5 types based on the following deciding factors:

1. By Sputtering Method: DC Sputtering, Reactive Sputtering, Ion Assisted Sputtering and Others.

2. By Evaporation Method: Thermal Evaporation, Vacuum Evaporation and Reactive Evaporation.

3. By Material Type: Pure Metals, Alloys and Others.

4. By Application: Electronics, Industrial, Energy, Optics and Others.

5. By Geography: North America, Europe, APAC and ROW.

Key Players:

Few important and notable players of this market which are mentioned in this report after analyzing and studying all the aspects:

· The Kurt J.Leskar Company

· Plasmaterials Inc

· American Elements

· International Advanced Materials

· Oerlikon balzers

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Thursday, September 10, 2015

High Demands from Semiconductor Industry is Pushing Sputtering Targets Market Ahead.

Sputtering and Evaporation are variants of physical vapour deposition in which a very thin film or layer is accumulated on substrate using various techniques with respect to the application. Sputtering Target and Evaporation Materials (ST&EM) play a vital role in many of the industries like electronics, energy, optics, industrial and more to ensure that a uniform and thin film of desired material is deposited on the substrate to prevent it from external damages. Owing to their significant applications such as in semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and many others in the diverse end used industries, ST&EM market is set to grow at a considerable pace in the coming years. For the period of 2015 till 2020, it is estimated to grow at a CAGR of 2.2% to reach $3.2 Billion by 2020.

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This market has been segmented into methods of sputtering and evaporation, materials used as targets, application sectors and geography. The sputtering target and evaporation materials market encompasses a variety of materials which includes pure metals, compounds, alloys and others. The various methods of sputtering include DC sputtering, reactive sputtering, RF sputtering, Ion-assisted, Magnetron and Gas flow. Metals which conduct electricity are sputtered through DC sputtering; whereas, compounds use Reactive sputtering. This market is set to experience considerable growth in the coming years due to constant demand from dedicated end user sectors, especially electronics and energy.

The demand for high precision coatings, wear-resistant coatings, low friction coatings, corrosion resistant coatings and some decorative coatings in various applications is a key reason for the growth of sputtering target and evaporation materials market.

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Asia-Pacific (APAC) Region is the leading supplier of ST&EM and has the highest market share in the global ST&EM market revenue. In the APAC, China and Japan are the major countries in terms of top ST&EM manufacturers and suppliers. Rest of the World (RoW) holds the least share of 7% in the global ST&EM market revenue. With respect to the global market, the APAC and North America hold 72% of the entire ST&EM market share.

In this report, the market has been segmented by geography as Europe, North America, APAC and RoW. Market size and forecast are provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the ST&EM market and future opportunities are also provided in the report.

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Friday, August 28, 2015

Heavy Demand from Residential Construction Sector is Pushing the Construction Chemical Additives Market Ahead.

The need for safe, sustainable and secure shelter is an innate problem across the world. With growing population, the demand for construction has seen an upsurge in the recent past. There are many inventions pertaining to the kind of chemicals being used in the construction activities. One such important innovation is that of chemical additives which are used to increase the strength of the cement. Some of the additives being used in this industry include concrete admixtures, waterproofing compounds, leveling agents and sealants. These additives are used in the construction industry to provide strength to the construction which makes it durable for longer time. Recently there is an increasing demand for environmentally friendly products in construction. Following this trend, many companies are coming forward with the introduction of eco-friendly plasticizers made up of dioctyl terephthalate (DOTP), di-isononyl phthalate (DINP) and dipropyl heptyl phthalate (DPHP).

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Construction chemical additives have found their way into construction application of various areas such as residential buildings, non-residential buildings, infrastructure and renovation. The additives used for these purposes vary based on the requirements. Concrete admixtures find their applications in concrete mixing, which are used in all the types of constructions but the quantity depends again on the requirements. For instance, plasticizers are used mostly in residential construction, whereas superplasticizers are mainly used in the infrastructure and non-residential segment because of their ability to reduce water usage up to 30%, which is not the case with plasticizers.

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ESCALATING GROWTH IN THE URBAN HOUSING SECTOR OF THE WORLD IS THE MAJOR DRIVING FORCE FOR THE CONSTRUCTION CHEMICAL ADDITIVES MARKET

Construction Chemical additives market has humungous growth potential that can be attributed to the assured growth in construction sector across the world. The total world urban population has increased form a mere 750 million in 1950 to an immense 3.9 billion in 2014. In the near future, the urban population is anticipated to surpass 6 billion by 2050. Worldwide there is a trend of increasing urbanization and formation of mega-cities. Rising standards of living and aging demography have a direct impact on the way we build, which demands high quality and precision in construction work. Rapid developments in emerging countries and use of innovative products and materials in construction activities have supported the growth of construction chemicals additives markets.

ASIA-PACIFIC IS POISED TO BE THE LARGEST MARKET BY 2020 FOLLOWED BY THE EUROPEAN REGION

Asia-Pacific (APAC) market is the largest and the fastest growing market followed by Europe. The demand for construction chemical additives is growing at a steady pace across the globe, with North America growing much faster than others. Though the market size in 2014 was lower than APAC in terms of revenue and volume, it is estimated to exhibit a CAGR of 13% during the forecast period.

Growth in APAC region is primarily attributed to the increase in residential construction. With the increase in population and a higher per capita income, the growth of construction chemical additives is on an upsurge. Growing urbanization makes it inevitable for the government to increase construction in people rich countries. Growing awareness among contractors regarding the benefits of additives forms another impetus for growth.

On the contrary, the growth in Europe and rest of the world is attributed to the increasing demand for non-residential and infrastructure construction.

Some of the companies which hold a major share in the production of construction chemical additives include BASF SE, AkzoNobel NV, The Dow Chemical Company, and W.R Grace & Co. among others.

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Thursday, August 27, 2015

Demand From North America and Asia-Pacific Regions Push the Engine Oil Additives Market Ahead.

Engine oil additives are specialty chemicals used to enhance the performance of engine oil as well as the durability of the engine. These additives when added to engine oil while formulating it, improve its physical and chemical properties. Global engine oil additives market is segmented based on different criteria such as by type, by engine type, by end user and by geography.

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Different types of additives include anti-oxidants, detergents, dispersants, anti-wear, VI improvers, corrosion inhibitors, friction modifiers, pour point depressants and others. Others include metal deactivators, emulsifiers and more. Gasoline engine, diesel engine, natural gas engine and others are considered while segmenting the market based on engine type. End users of the market are passenger car, commercial vehicle, motorcycle and others; others include application in marine engine oil.

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Global engine oil market is estimated to grow at a CAGR of 3.2% from 2015 to 2020. Asia-Pacific (APAC) is the largest and fastest growing market for engine oil additives both in terms of volume and revenue, driven by the higher number of in use vehicles in the region. America and Europe are in the second and third position in terms of volume consumption and revenues of the market.

One of the key factors hindering the growth of engine oil additives market is the aggressive sales of electric vehicles especially in Europe and North America. There is not much lubrication needed in electric vehicles as there is no combustion engine involved in it. However, it will take long time for electric vehicles to replace the fuel powered vehicles.

Increasing motor vehicle production around the globe is one of the major drivers for engine oil additives market. Every vehicle engine needs engine oil to work smoothly, due to which consumption of engine oil is increasing steadily. Major additive types, which are in high demand, are detergents, dispersants and VI improvers. Government regulations regarding improvement of fuel economy and reduction of emission from vehicles is another key factor contributing to the growing importance of additives in engine oil.

The International Energy Agency (IEA), United Nations Environment Programme (UNEP), International Transport Forum of the OECD (ITF), International Council on Clean Transportation (ICCT), Institute for Transportation Studies at UC Davis, and the FIA Foundation has partnered together and started GFEI (Global Fuel Economy Initiative) whose main objective is to assist government and transport stakeholders to promote greater fuel economy.

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Wednesday, August 26, 2015

Polypropylene Resins Business to Reach New Heights Citing Global Demand.

The Plastic and Polymer Industrial Sector includes the Polypropylene Resins Market which is one of the most important and growing markets. A wide array of industries uses the Polypropylene Resins and each industry requires thermoplastics with enhanced high performance attributes.

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Brief Outlook:

The Global Polypropylene Resins Market is growing at a high pace and is projected to reach a notable CAGR rate during the forecast period of 2014-2020. China is the largest consumer of Polypropylene accounting around 25% share in the Global Polypropylene Consumption. The U.S. is following China in the record. Increasing usage of Polypropylene to substitute materials such as paper, metal, glass and wood is highly driving the demand in APAC countries. Clearly, this will drive the Global Polypropylene Market in the future years. However, the volatility in the prices of raw materials needed to produce polypropylene resins poses a challenge to the growth of the market.

In the Medical Industry, the usage of Polypropylene Resins is primarily for Consumables and Disposable Items. It is estimated that in 2015, the global resin market would be dominated by polyvinyl chloride (PVC) resins which occupy about 35% of the global resins market catering for disposable medical supplies. Polypropylene resins follow PVC resins with 28% estimated market share in 2015.

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Report Scope:

The report contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape. The Global Polypropylene Resin Market has been thoroughly analyzed and carefully segmented by geographic locations based on major economic and topographical regions. The report details current market potential and future market growth in this industry. The report overall contains the most detailed, in depth segmentation and analysis of the Polypropylene Resin Market during the forecast period 2015-2020.

Market Segmentation:

The Polypropylene Resin Market is broadly segmented into three types depending on various factors:

1. By Grade: Homopolymer, High Crystalline, Block Copolymer and Random Copolymer.

2. By Application: Rigid Packaging, Flexible Packaging, Transportation and Others.

3. By Geography: Americas, Europe, APAC and ROW.

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Key Players:

· HMC Polymers Co., Ltd.

· The Dow Chemical Company

· LyondellBasell Industries

· BASF SE

· E.I. du Pont de Nemours

· Dynachem Co. Ltd.

· Chevron Phillips Chemical Company, LLC

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Tuesday, August 25, 2015

Asia Tops in Producing Polyurethane Products for 2014-2015 and is Expected to Lead till Decade End - IndustryARC

The expanding universe of Thermoplastic Elastomers (TPEs) includes several classes of materials whose common character is close replication of the elastic properties of natural rubbers combined with the easy processability of thermoplastics. TPE families are based on styrenics, polyolefins, polyesters, polyurethanes, thermoplastic vulcanizates (TPVs) and other materials. Polyurethane Elastomers can be processed on extrusion as well as injection, blow and compression molding equipment’s. The market regarding this is seeing a huge boom lately and is expected to grow well in the coming years.

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Brief Outlook of the Market:

As a whole, the Polyurethane Market is expected to cross $73 Billion by 2020. The global market is projected to reach 9.5 million tons by the year 2015 driven by active demand from construction, furniture and automotive markets. Thermosetting elastomers and thermoplastic elastomers are the two types of the PU elastomers of which thermosetting hold the largest market share of around 75%. Apart from its outstanding toughness, durability and processing ease Polyurethane Elastomer is a versatile performer that bridges the gap between rubber and plastics.

Over one-third of the global application of PU elastomers is the production of footwear followed by the furniture and interiors and the automotive industry. The global PU market demand is expected to reach 22,060 kilo tons by 2020 and with a growing CAGR of 5% from 2014-2020. Automotive applications are expected to be the most demand causing segment of Polyurethane elastomers growing at a CAGR of 5.5% from 2014-2020. The demand for PU elastomers in electronic appliances is expected to grow at a CAGR of 8% till 2020.

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Regional Analysis:

Around 95% of the Global Polyurethane Elastomers Market is accounted by Europe, APAC and the U.S. APAC is the top one leading and fastest soaring region in the Polyurethane Market due to China which is the leading largest market in APAC and accounts to be one of the leading countries in terms of production and consumption of Polyurethane Elastomers. While China holds 25% of the global market, it consists of 50% of APAC in the past years. APAC is estimated to grow at a CAGR of 6% during the forecast period 2014-2020. The U.S. was the most dominating geography of Polyurethane Elastomer in North America and accounted over 80% of the Global Polyurethane Market in the year 2013.

REPORT SCOPE:

The report contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape. The Global Polyurethane Elastomers Market has been thoroughly analyzed and carefully segmented by geographic locations based on major economic and topographical regions. The report details current market potential and future market growth in this industry. The report overall contains the most detailed, in depth segmentation and analysis of the Polyurethane Elastomers Market during the forecast period 2015-2020.

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Market Segmentation:

The Polyurethane Elastomers Market is broadly segmented into three types based on different factors:

1. By Product Type: Thermoplastic Elastomers and Thermosetting Elastomers with further sub segmentations of each.

2. By Application: Automotive, Construction, Packaging, Footwear and Others.

3. By Geography: Americas, Europe, APAC and ROW.

Key Players:

· BASF SE

· Bayer Material Science AG

· Chemtura Corporation

· Chematur International AB

· COIM S.P.A

· DuPont DE Nemours and Company

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Tuesday, August 18, 2015

Demand for Eco-Friendly Plasticizers is the New Drift in the Construction Industry.

With the advancement in technology, the materials being used in construction industry have also improved. Growing urbanization has set the pace in the construction industry, due to which the market for the raw materials has also experienced a steady drift.

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Plasticizers are one of the major chemical additives used in the residential construction segment. The growing need for residential buildings to accommodate the increasing population is a matter of concern for any country’s construction industry. Amidst the burgeoning demand for plasticizers, there’s an increasing cognizance towards the invention of eco-friendly plasticizers which could ease the way of construction by eliminating the risk of harmful chemicals. Earlier the major ingredient being used in the manufacturing of plasticizers was dioctyl phthalate (DOP), which is now getting switched with ecofriendly ingredients called dioctyl terephthalate (DOTP), di-isononyl phthalate (DINP) and dipropyl heptyl phthalate (DPHP).

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In the construction sector, plasticizers are basically used to improve the plasticity or fluidity of the concrete. These plasticizers are used in the construction sector for reducing water content form the slump. They generally are capable of reducing almost 5% to 8% of water from the concrete.These admixtures are easily available in the market and generally range in between $1,000 to $3,000 per ton. On the contrary, the cost of eco-friendly plasticizers is high because of the higher production cost as compared tothe conventional plasticizers. The reason for this increase is the limited availability of the feedstock isononanol (INA) which goes in the production of di-isononyl phthalate (DINP). The major manufacturers of these products are BASF SE (Germany), Bozzetto SPA (Italy), Kao Corporation S.A. (Japan), REMEI Blomberg GmbH & Co. KG (Germany), Rhine Chemotechnik GmbH (Germany) and many more. The primary synthetic products available in the market are MasterFlow 150, MIGHTY® 21 EA, REDUCEM XXL (BV), Alphalith Plasticizer 1 and many more.With the advent of new technologies, soon the companies would start producing ecofriendly plasticizers.

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As these admixtures are mixed in concrete, they find their application in almost all the new construction activities across the world, but their usage is more in residential buildings, as the commercial buildings require more advanced water reducing agents. The majority of the demand for plasticizers comes from Asia-Pacific, due to the soaring need of residential buildings for their increasing population and hence the demand for ecofriendly construction additives is assured to grow in the near future. The growth of plasticizers is forecast to grow at a CAGR of 4%-5% annually. On the other hand,China market for ecofriendly plasticizers is set to grow at a CAGR of 7%, providing a strong impetus of growth in ecologically friendly plasticizers.

The major reason for the shift from conventional plasticizers to eco-friendly plasticizers is the series of regulations set by different governments. The emission of greenhouse gasses (GHG) from these chemical additives is a major concern in many countries. With the strict regulations coming up in various countries, the demand for ecofriendly construction products is on a surge.

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Monday, August 17, 2015

Significant number of New Food Grade Lubricants are Being Launched By Key Players to Meet Future Demand

Food grade lubricants are used in the food processing and food manufacturing industries as food safety is the main area of concern. Due to the changing lifestyle, the demand for packaged food products is increasing steadily. Many small and large scale manufacturers are entering into this market to meet the rising demand which has directly impacted the demand for food grade lubricants. Food grade lubricants are essential in order to safeguard the facility operations; Food and Drug Administration (FDA), U.S. has stipulated regulations for the same.

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With the growing technological developments, the range of equipment and operation period has increased. Hence, packaged food manufacturers are investing amounts worth billions of dollars on these machinery. There is a need for new grade lubricants so as to meet the operational demands, in order to maintain and run the plant efficiently. Food grade lubricants provide lubrication for metal-metal surface separation, which helps in efficient performance of a machine. The lubricant must have the ability to perform in extreme pressure and high load carrying conditions. Hence the demand has increased for new improved product.

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During the past two years, global lubricants players have launched new range of food grade lubricants which are superior to the earlier products as these products are more reliable and have more service life. Svenska Kullagerfabriken AB (SKF) headquartered in Gothenburg, Sweden launched new food grade lubricants in March, 2015 that includes LGFP 2 general purpose grease, LGFD 2 high load grease, LFFG 220/320 gear oil. These products reduce the maintenance cost and increases processing efficiency due to its advanced chemical formulation. Petro-Canada Lubricants, another lubricant manufacturing giant whose clients include Mondelez International, Nestle and Danish Crown is developing new food grade lubricants, expected to be launch in 2016. Apart from these two companies, Sprayon has also launched a line of NSF H1 rated lubricants. H1 rated lubricants are used in food-processing plants where there is a possibility of incidental food contact.

The recent product launches by the key players of the market indicates that the companies are strategically investing into R&D activities to develop new products which will help them to meet the growing future demand for the food grade lubricants.

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Thursday, August 13, 2015

Engineering Resins Replacing Metal Parts to Continue the Drive Growth in the Market Through 2020!

Engineering resins are a group of plastic materials that combine great strength with light weight over a wide range of conditions. They are usually chosen for one or more enhanced physical properties; for example, polycarbonate (PC) is known for its impact resistance and polybutylene theraphthalate (PBT) for its dimensional stability. Other characteristics of some engineering resins are high heat resistance, rigidity and chemical stability. Most engineering resins have improved performance at temperatures above 275°F (135°C).

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Compact Outlook:

The recent fall in oil prices due to new oil sources arising from advanced technologies has become a boon for plastic packaging industry, with plastic being the derivative of crude oil. Hence the fall in oil prices reduces the costs incurred to extract plastic from the crude oil which drives the Engineering Resin Industry.

In the view of Mark Kallman from Plastics Technology, a Director of Client Services for Engineering Resins, three factors drive prices of Engineer Resins:

•Real-time raw-material cost (resins and feedstocks);
•Supply (of resins and feedstocks);
•Demand (domestic and international, real and artificial).

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Scope of the Report:

The Engineering Resins Market is highly growing and is broadly segmented into three types depending on different factors:

Type: Polyethylene, Polypropylene, Polyvinyl chloride (PVC) and Others.
Application: Automotive, Building and Construction, Electrical and Electronics, Others
Lastly, by Geography: Americas, Europe, APAC and RoW.

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Key Players:

Competitive landscape for each of the resin types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.

To Mention Few:

Arbor Plastic Technologies, LLC
Ashley Polymers, Inc.
Autronic Plastics, Inc.
BASF SE
Cresset Powers, Ltd.
DuPont
Dynachem Co. Ltd.
Eastman Chemical Company
K Polymers, Inc.

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