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).

More Info on Engineering Resins:

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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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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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Wednesday, August 12, 2015

The Refrigerant Oil Market Is Estimated To Grow At A CAGR Of 4.4% To Reach $10 Billion By 2020, Owing To Commercial Applications In The Asia-Pacific.

Refrigerant oils have wide range of applications in air conditioners, chillers, coolers, ice machines, condensing units, refrigerators/freezers and many more. Owing to their significant applications in diverse end user industries, refrigerant oil market is set to grow at a considerable pace in the coming years. The Refrigerant Oil industry has many producers, Lubrizol Corp. being the prime one in terms of market revenue.

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On a broader perspective refrigerant oils are segmented as mineral oils and synthetic oils. As per the current regulations and trends, synthetic oils have a larger market share in terms of both, consumption and revenue. This industry has faced many regulatory changes in the recent years, leading to a restricted yet revenue generating market. Currently the industry is experiencing a strong demand for HFC compatible refrigerant oils, after the phase-out for HCFC refrigerant has been implemented.

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Industry leaders such as Dow and BASF SE have come up with new refrigerant oils that are compatible with HFC refrigerants, while other manufacturers are involved in developing alternatives for ammonia and carbon dioxide based refrigerants. The global refrigerant oil market is set to experience a substantial growth owing to the strong demand from refrigerants in refrigerators and air conditioners worldwide.

American Refrigerant Oil Market to Reach $2.8 Billion by 2020, While APAC Is Projected To Be the Major Shareholder with More Than 35% Share in the Global Refrigerant Oil Market

Due to the presence of numerous refrigerants and refrigerant oil providers and end user sectors APAC is destined to dominate the refrigerant oil market. Growing urbanization makes it inevitable for the OEMs to increase production of air conditioners and refrigerators in people rich countries. Because of the fast pace in growth of consumer electronics market, there is an upsurge in the demand for refrigerant oils especially in the developing countries. Owing to rapid commercialization and industrialization, demands for refrigerant based products have been high in the North American region. U.S. has been the highest consumer of refrigerant oils and is estimated to grow at a CAGR of 4.3%.

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The presence of natural refrigerant-based technologies is continuously increasing in most of Europe’s refrigeration, heating and cooling sectors. The European continent has a high immediate market adoption potential for natural working fluids, well ahead of America or Asia. Demand for natural refrigerants is on a surge because of their low global warming potential (GWP). These refrigerants are comparatively safe and serve as a better alternative for high GWP refrigerants like CFC, HCFC and HFC. Though these natural refrigerants are not affected by the environmental restrictions, flammability and toxicity are the factors which restrict the usage of these refrigerants.

Major regulatory bodies for refrigerants and refrigerant oils are the Environmental Protection Agency (EPA) in the U.S. and the European Commission for Europe. These regulatory bodies focus on the specifications and quality levels that are predefined to maintain the depletion of the ozone layer and protect the environment from harmful substances such as Chlorofluorocarbon (CFC) and hydrochlorofluorocarbons (HFC). Following are few of the regulatory bodies that monitor the use of refrigerants:

The International Organization for Standardization (ISO)
International Electro-Technical Commission (IEC)
AHRI (Air-conditioning, Heating, & Refrigeration Institute)
ANSI (American National Standards Institute)
ASHRAE (American Society of Heating and Air-Conditioning Engineers)

The refrigerant oils market derives its application form its parent market which is refrigerants market. Any change in demand of refrigerants would also induce a change in the refrigerant oils market. According to our survey 96.7% of the passenger cars manufactured every year comes with air conditioners in them. Hence, refrigerant oil market is all set to grow with a considerable pace.

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Tuesday, August 11, 2015

China; The Largest Producer of Nylon with 32% Ownership in it's Manufacture Across The Globe.

Nylon is basically a thermoplastic silky material. Also known by the name Polyamide Resin, Nylon Resin is a type of engineering thermoplastic synthesized from ethylenediamine. Consisting a family of Resins, Nylons are of various types; Nylon 6, Nylon 66, Caprolactam, Nylon 612, Nylon 12, Nylon 11. Nylon Resin is manufactured with a purpose of producing a variety of products for industrial use like films, hot-melt adhesives, binders, insulation, fiberglass and filaments. Depending on the crystallization of polymer molecules, the specific use of various types of nylon resin is usually determined.

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Compact Outlook:

The Global Nylon Resin Market was noted to be healthy in the year 2007. Later, the global economic recession in 2008 became a reason for the fall in the profit levels of this market. The most important types in the Resin family are noted to be Nylon 6, Nylon 66 and Caprolactam. These are the most successful and highest-volume members of the nylon family and are the primary focus of this market out of which Nylon 6 and Nylon 66 together accounted for more than 90% of the Global Nylon Resin Market.

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Nylon 6 is one type of resin that can be reinforced with minerals or glass fibers to improve strength and resist warping from extreme temperatures. China is the world’s largest producer of nylon 6, representing 32% of the total world production capacity and it is expected to grow at a 19.5% rate from 2014 to 2020. Overall growth in nylon 6 is driven by China's increasing demand and its desire to be more self-sufficient.

The United States is the world's largest producer of Nylon 66, accounting for 41% of the total world capacity. Total world capacity for Nylon 66 is expected to increase by 10% from the capacity level in 2012. The U.S. is the world’s largest producer of Nylon 66, accounting for 40% of the total world production capacity and it is expected to increase by 10% between 2014 and 2020.

In terms of volume, the demand for Caprolactam was around 3,580 kilo tons in 2012.

Europe is the other major region where Caprolactam consumption was very strong and is expected to grow in demand with a CAGR of about 7 % in terms of volume during 2014-2020.

Consumption of nylon 6 is estimated to grow at about 7.5% while consumption of nylon 66 at a rate of 6% per year. Consumption of nylon 6 is estimated to grow at about 7.5% while consumption of nylon 66 at a rate of 6% per year.

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Nylon 612 and 12 may also infuse with glass or minerals to varying degrees depending on its application. In addition, some grades of nylon 12 that resist melt-processing methods are further reinforced with powdered or aqueous solutions of polytetrafluoroethylene.

Prominent Players:

· BASF SE
· Capro Corporation
· China Petrochemical Development Corporation
· China Petroleum and Chemical Corporation (SINOPEC)
· DSM Company
· Lanxess Corporation
· Sumitomo Chemicals
· Toray Industries, Inc.
· Ube Industries Ltd.

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Monday, August 10, 2015

Organic Corrosion Inhibitors Sales To Cross $6 Billion by 2020 Due to Global Demand - IndustryARC

According to a research report by IndustryARC, the Organic Corrosion Inhibitors Market is all slated to grow to revenue between $6 and $8 Billion by the end of the forecast period 2020.

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A Corrosion Inhibitor is a chemical compound that, when added to a liquid or gas, decreases the corrosion rates of a material, typically a metal or an alloy. Corrosion Inhibitors will remain the largest product segment within water treatment chemicals market.

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Corrosion Inhibition is the most effective way of protecting internal corrosion of metals which when an inhibitor is added in small concentrations provides temporary protection. Corrosion inhibitors act as additives to the fluids that surround the metal or related object and decrease the rate of metal oxidation. Organic corrosion inhibitors are carbon compounds used for surface adsorption, which is a film-forming but occasionally they act as both cathodic and anodic inhibitors. Surface adsorption process deals with the hydrophobic film adsorbed molecules on the metal surface that acts as a barrier to the dissolution of the metal in the electrolyte. Anodic corrosion inhibitors block the anode reaction and support the natural reaction of metal surface by forming a film adsorbed on the metal. The cathodic corrosion inhibitors prevent the occurrence of the cathodic reaction of the metal.

Report Scope:

The Organic Corrosion Inhibitors Market is broken down into multiple segmentations based on various factors:

Application: Metalworking, Construction, Water Treatment and Others.
Type: Benzotriazole, Amines, Phosphates and Others.
Geography: Americas, Europe, APAC and RoW.

This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is evaluated based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. Market share analysis, comparative analysis (product benchmarking, end user profiling and top financials analysis) and factors like market forces are also studied under the report.

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Prominent Players of the Market:

The report includes different aspects of the notable key players like: Business Overview, Financials, Products, Strategy and Developments.

To mention few in the Organic Corrosion Inhibitors:

Afton chemical Limited
Akzonobel N.V.
Angus Chemical Company
ArtecoN.V.
Australian Organic Coolants
BASF SE
BengKuang Marine Limited
ChemTreat Inc.
CIMCOOL Fluid Technology, LLC
Cortec Corporation

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Friday, August 7, 2015

Natural Refrigerants Likely to Replace HFC Refrigerants in Coming Future.

A Refrigerant is a substance or mixture, usually a fluid, used in heat pump and refrigeration cycle. In most cycles, it undergoes phase transitions from liquid to gas and then back again. Many working fluids have been used for such purposes. Fluorocarbons, especially chlorofluorocarbons, became commonplace in the 20th century, but they are being phased out because of their ozone depletion effects. Other common refrigerants used in various applications are ammonia, sulphur dioxide and non-halogenated hydrocarbons such as propane.

More Info on HFC Refrigerants Market:

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Refrigerants are generally in fluid form and are used in a heat pump or refrigeration process. They primarily are of three types: Chlorofluorocarbons (CFC), Hydro-chloro-fluorocarbons (HCFC), and Hydro-fluorocarbons (HFC). All these types are believed to be detrimental to environment. HFCs are third generation of CFCs which do not deplete ozone layer, but are potentially greenhouse gases and are largely used in commercial refrigeration applications.

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Increasing demand for cooling products in emerging economies is a key driver for market growth. The growing adoption of HFCs in this region will also drive the innovations in the industry. However, rising environmental concerns, and increasing price of raw materials is expected to restrain growth in both developed and developing economies.

Market Growth:

Commercial sector accounts for major share in the market in 2014 due to the extensive use of refrigeration in vending machines, supermarkets, and similar others. The Mobile AC application also witnessed high demand and accounted for 30% in the market for 2014. However, in future, the natural refrigerants would likely replace the HFCs in both these applications owing to the escalating demand for eco-friendly products. The Domestic application share is projected to increase in emerging economies as the demand for cooling products and spending power of the inhabitants grow.

Report Offerings:

We have used various secondary sources such as Companys Annual Reports, Organisational Websites and Databases to identify and collect information useful for this extensive commercial study of refrigerants. The primary sources - selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of refrigerants.

To talk of segmentations, there is a compact classification in the HFC Refrigerant Market based on:

Sector: Domestic, Commercial, Transport and Others.
Geography: North America, APAC, Europe and RoW.

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Prominent Key Players:

We have also profiled leading players of this industry with their recent developments and other strategic industry activities. To mention a few included in the report:

Mexichem S.A.B DE C.V.
Puyang Zhongwei Fine Chemical Co. Ltd
Quimobasicos S.A DE C.V
Shandong Yuean Chemical Industry Co.
Sinochem Group
Solvay S.A.
SRF Ltd
Zhejiang Juhua Co. Ltd

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Thursday, August 6, 2015

The global demand for fiber cement products is anticipated to reach 34 million metric tons by 2020.

The need for safe, sustainable and secure shelter is an innate problem across the world. With growing population, the demand for residential construction has seen an upsurge in the recent past. There are many inventions pertaining to the kind of materials being used in the construction activities. One such important innovation is the fiber reinforcement of cement to increase the strength of the cement. Some of the fibers being used in this industry include asbestos, polypropylene, polyvinyl alcohol (PVA), mineral fibers, carbon, Kevlar, lignocellulose and many more. This reinforced cement is used to manufacture products like flat sheets, corrugated sheets, planks, slates and many others. 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 fibers like sisal, jute fibers and other vegetable fibers which can replace the usage of asbestos.

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Fiber cement products have found its way into construction application of various areas like, residential buildings, non-residential buildings, agriculture, industrial and consumer sectors. The products used for these purposes vary based on the requirements. Fiber cement products are majorly used for cladding, siding and roofing purposes. They are used in agriculture for both building and ancillary purposes. In industries, they are used for fire proofing walls and in household application for ceilings, switch boards and so on.

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Residential building sector is forecast to be the fastest growing application for fiber cement market

The new housing market is all set to experience rapid growth in fiber cement demand in the near future. The demand for planks is on a surge under this application as, builders will prefer siding and roofing done from fiber cement over the traditional wooden planks as it offers a similar appearance, but would require little maintenance when compared to its counterpart wood. Also the resistances from external environment or insect attacks, which fiber cement products provide are far superior than wood.

Residential improvement and repairs are forecast to account for the largest share of fiber cement products in the coming future. Consumer interest in bathroom renovation projects supported demand for fiber cement backer board installed beneath decorative tile flooring and bathtub and shower surrounds.

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North America leads the global fiber cement market followed by APAC

The demand for fiber cement is growing at a steady pace across the globe, with a few regions growing much faster than others. The North American market is the largest and the fastest growing market followed by Asia Pacific (APAC). The US is a major market in the North American region growing at 8.0 % annually; it is forecast to reach $2.7 billion by 2017.

Growth in APAC is attributed to the increase in residential construction. With the increase in population and a higher per capita income, the growth of fiber cement products is on an upsurge. On the contrary, the growth in Europe and rest of the world is seen to be steady.

Some of the companies which hold a major share in the production of fiber cement products include, James Hardie Industries PLC, Saint Gobain, Nichia, Maxtile among others.

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Tuesday, August 4, 2015

Introduction of Mutual Recognition Agreement under BPT (Biocidal Product Regulation) by European Commission and Swiss Confederation: To Have a Positive Effect on Biocides Trading Market

The European Commission regularly reviews the implementation of the European legislations. Recently, Switzerland and European Union signed a bilateral agreement on a mutual recognition of conformity assessments for updating Biocidal products and various other construction products. This Mutual Recognition Agreement (MRA) came into action on April 14, 2015.

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Mutual Recognition Agreement (MRA) has been adapted by the Swedish and the European authorities, mainly, to improvise the laboratory and manufacturing practices of Biocidal products. Due to this MRA, Switzerland will now have the same rights under Biocidal product recognition (BPR) as the other European free trade association (EFTA) countries. This will allow Switzerland to recommend for free trade authority of biocide products same as the EFTA countries. Hence, Switzerland can also generate the BPR union authorisation procedure.

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Currently, according to the European Commission analysis, the trading process is slow and complicated wherein biocides are not delivering efficiently as per the standards. Due to this reason, MRA is mainly formed, to improve the workability of biocides legislation by proposing new regulations. This agreement is clearly about the improvisation of Biocidal information requirements, process of regulatory approvals and authorization of products. However, there is no modification on technical side of how the scientific evaluation of Biocidal product has taken place.

Main advantage of the new directive is the introduction of a new process called Union Authorization by the European authorities. This process implies that except for national authorization, all the other companies can directly approach all EU member state marketers rather than approaching individual member state. Companies also granted uniform and simplified market accessibility. All the changes in new directive are implemented by government authorities, which will lead to increasing competition and improvisation in the Biocide market in short span of time. It will also help in reviewing and modification of product information and further improvisation in the process like functioning of the national authorizations.

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During this collaboration, European Chemical Agency (ECHA) also provided respective services to Swiss authorities and received a reasonable financial contribution by Switzerland, which is not disclosed. The market leaders believe that this agreement will also help in flexible trading in biocide market; and hence, all the advantages of new directive imposed through the bilateral agreement between Europe and Switzerland showcase a positive effect upon the biocides market.

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