Construction Chemicals Market Worth USD 67.61 Billion By 2024: Grand View Research, Inc.

The global construction chemicals market is expected to reach USD 67.61 billion by 2024, according to a new report by Grand View Research, Inc. Construction chemicals were widely used in non-residential & infrastructure sector accounting for over 60% of the global revenue share in 2015. Upcoming projects such as Panama Canal expansion is expected to foster the market growth over the forecast period. 

Moreover, the global market was valued at USD 39.16 billion in 2015 and is projected to witness growth over the forecast period on account of rising residential and infrastructure activities in rapidly developing economies of Asia Pacific. Government initiatives in emerging economies such as India are also expected to fuel market growth. 

U.S. construction chemicals market revenue, by product, 2013 - 2024 (USD Million)

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Further key findings from the report suggest:

• The global construction chemicals market demand was 33,309.2 kilo tons in 2015 and is projected to grow at a CAGR of 5.2% over the forecast period. They help in reducing the water and cement content in concrete, thereby bringing down the overall cost of the structure and reducing emissions. They impart properties such as cross-linking which results in increasing strength of the mortar.
• The market for concrete admixtures was estimated at USD 17.35 billion in 2015. Admixtures are mixed with cement, sand and water to impart specific properties to the base material such as durability. Most of the admixtures are available in a ready-to-use form and are added to the mortar at the construction site.
• Demand in Asia Pacific was 17,119.6 kilo tons in 2015 and is projected to witness tremendous growth on account of increased government spending on the infrastructure sector and rising opportunities for FDI in China and India. Increasing demand for industrial, transportation and commercial facilities is expected to drive growth.
• MEA is also projected to be a key market for construction chemicals over the forecast period. Infrastructure projects worth USD 172 billion have been planned in 2015 by various national governments in the region.
• Key industry players include BASF SE, Pidilite Industries Limited, FOSROC Chemicals India Private Limited, Sika AG, W.R. Grace & Company, Dow Chemical Company, RPM International Inc., Arkema S.A. and Mapei S.P.A. These companies focus on R&D for product development to enhance their portfolio.

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Copolyester Elastomers Market To Witness Growth Based On Enhanced Application Scope In Electrical,Industrial & Medical Till 2020:Grand View Research,inc.

The global copolyester elastomers (COPEs) market is expected to reach USD 1,051.5 million by 2020, according to a new study by Grand View Research, Inc. Growing demand from automobile industry, on account of regulatory mandates to reduce weight of automobiles, is expected to remain a key driving factor for the market. Volatility in raw material prices is expected to hinder the market growth over the forecast period.

Automotive emerged as the leading application segment and accounted for close to 50% of total market volume in 2013. Automotive along with being the largest market is also expected to be the fastest growing market for COPEs, at an estimated CAGR of 4.94% from 2014 to 2020.

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Further key findings from the report suggest:

• The global market for COPEs was 202.4 kilo tons in 2013 and is expected to reach 279.1 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

• North America led the global market for COPEs and accounted for just over 39% of total market volume in 2013. Asia Pacific is expected to be the fastest growing market for COPEs at an estimated CAGR of 5.4% from 2014 to 2020.

• Consumption of COPEs is concentrated predominantly in United States, Europe and Japan with China emerging as a major consumer owing to the growth of domestic automotive industry. North America and Europe are relatively mature markets for COPEs and are expected to grow at a sluggish rate over the forecast period.

• Some of the major companies operating in the global COPEs market include Bayer Ag, BASF, China Petroleum and Chemical Corporation, Dow Chemicals, DuPont, Huntsman Corporation, LG Chem Ltd., Lubrizol, Mitsubishi Chemical Holdings Corporation, Nippon Polyurethane etc.

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Fluoropolymer Films Market To Witness Growth Based On Enhanced Application Scope In Aerospace, Automotive, Packaging, Electronics & Electrical Till 2025:Grand View Research,inc.

The global fluoropolymer films market is expected to reach USD 2.17 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from various application industries is a key factor driving the market growth. In addition, robust growth in the construction sector, especially in Asia Pacific is further fueling the demand over the forecast period.

Fluoropolymer films are widely used in different application industries including construction, aerospace, automotive, packaging, electronics, and electrical. Furthermore, it is widely used as a raw material in the production of automobile parts, electronic components, machines, and semiconductors owing to its precipitation capabilities. 

In terms of revenue, polyvinylidene fluoride (PVDF) accounted as the largest type segment in 2016 and is expected to continue its trend with a CAGR of 7.6% from 2017 to 2025. It is highly non-reactive thermoplastic fluoropolymer used where high purity and resistance-to-solvents is required.

The demand for fluoropolymer films is anticipated to increase on account of growth in various application industries, especially construction. It is widely used in construction sector on windows and doors for security and safety applications. Moreover, it holds superior light and temperature control, aesthetic appearance and protection from UV rays. These factors are anticipated to contribute to healthy growth of market over the coming years.

U.S. fluoropolymer films market by application, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Packaging segment will experience healthy growth in terms of value at a CAGR of 7.5% from 2017 to 2025 on account of its precipitation capabilities and performance through value added lamination & coatings
• Polyvinyl fluoride (PVF) emerged as the fastest growing type segment in terms of revenue in 2016 and is estimated to reach USD 551.9 million by 2025. Global fluoropolymer films in fluorinated ethylene propylene segment was USD 156.6 million in 2016 and is anticipated to experience healthy growth over the years ahead
• The U.S. fluoropolymer films market in terms of revenue was USD 268.4 million in 2016 and is expected to grow a rate of 8.5% from 2017-2025. Continuous economic development and increasing capital spending in the country is anticipated to boost demand for fluoropolymer films over the forecast period
• Key players including E. I. du Pont de Nemours and Company, Chemours Company, The 3M Company, Saint-Gobain S.A., The Dow Chemical Company, Solvay S.A. and Evonik Industries dominated the global market

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Recycled Polyethylene Terephthalate Market Is Expected To Grow At A CAGR Of 6.9% from 2017 to 2025: Grand View Research, Inc.

The global recycled polyethylene terephthalate (PET) market is expected to reach USD 10.8 billion by 2025, according to a new report by Grand View Research, Inc. Changing end-user perception towards sustainable sourcing of bottling materials and ban of landfills (introduced in European nations) has positively impacted industry growth in the recent past. 

Increasing awareness among general populace about plastic wastage has prompted governments to take initiatives that are aimed at promoting plastic recycling, which in turn boosted polyethylene terephthalate recycling landscape. Furthermore, bottling companies across the global are gradually adopting to recycled PET in order to establish sustainable material sourcing strategies.

Companies are actively investing in R&D of rPET flake based products in order to expand the recovered resins’ scope. Also, regions such as North America and Europe are characterized by consumers willing to pay premium prices for green materials, which is further incentivizing companies to switch to rPET in packaging applications.

U.S. rPET market volume, by product, 2014 - 2025 (Kilo Tons)

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Further key findings from the report suggest:

• The global recycled PET demand was around 8,400 kilo tons in 2016 and is expected to grow at a CAGR of 6.9% from 2017 to 2025
• Clear resins emerged as the dominant product segment is expected to generate revenue worth USD 8.1 billion by 2025.
• Asia Pacific accounted for nearly 50% of the global revenue in 2016 and is expected to grow at a CAGR of 5.8% over the forecast period. China and India are key demand hubs in the region with textile, electronics and automotive applications being dominant.
• Fiber was the largest end-use segment in 2016 and is expected to achieve a high growth rate over the forecast period. Fiber is widely used in the textile, home furnishings, and automobile sector. Increasing demand in these segments is expected to drive the demand for rPET.
• The U.S. achieved 30% recycling rate for polyethylene terepthalate bottle in 2015. Various waste collection and recycling programs at both federal and community levels (influenced by public concerns and government policies) have been a driving force in the U.S.
• Clear rPET emerged as the largest product segment in 2015 and is expected to generate revenue around USD 8.1 billion by the end of 2025
• In terms of end-use, fibers are expected to be the fastest growing segment due to their vast application scope as a substitute to virgin polyesters.
• Global recycled PET demand in fiber segment was USD 2.51 billion in 2015 and is anticipated to experience a moderate growth over the next eight years
• Major players including Ecostar Plastics, Verdeco Recycling, Indorama Ventures and M & G Chemicals dominated the recycled PET industry in terms of volume in 2015

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Carboxymethyl Cellulose Market Hits USD 1.86 Billion By 2025: By Grand View Research, Inc.

The global carboxymethyl cellulose market is expected to reach USD 1.86 billion by 2025, according to a new report by Grand View Research, Inc. The increasing consumption of cosmetics, skin care, hair care, and other personal care products globally is estimated to drive the market demand over the years ahead. In addition, the growing rate of adoption among consumers regarding the use of natural and eco-friendly personal care products is likely to enhance the consumption of carboxymethyl cellulose (CMC) or cellulose gum, mainly as a binding and stabilizing agent, in the next couple of years.

In terms of revenue, the cosmetic & application segment accounted for an industry share of 14.7% in 2016. Changing lifestyles and improving disposable income of consumers across various countries in the Asia Pacific region including India, China, and Malaysia are expected to enhance the growth of cosmetics and pharmaceutical industries in the next couple of years. Major cosmetics manufacturers are significantly investing in R&D and focusing on the implementation of new product branding and other marketing strategies to accelerate personal care sales across the globe.

CMC is incorporated as a key ingredient in various personal care products including creams, lotions, shampoos, face creams, and cold creams. Good binding, thickening, and stabilizing properties are the key attributes of this product owing to which it is increasingly being used in the processing of cosmetic formulations. Additionally, it owing to its property to impart moisture, the product is favorably consumed in the manufacturing of personal care products such as hair care and skin care goods. The usage of cellulose gum is not only limited to topical lotions, creams, and shampoos but it is also incorporated in the manufacturing of toothpaste, as it provides smooth texture, possesses excellent salt tolerance, and acid resistance.

U.S. carboxymethyl cellulose market volume by product, 2014 - 2025 (Tons)

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Further key findings from the report suggest:

• Food & beverage application is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 5.3% over the forecast period. Significant utilization as a stabilizer and texture enhancer in bakery products is considered to be the major driving factor for cellulose market.
• Advancements in the processing and manufacturing technologies of CMC are likely to provide significant scope for demand by 2025. The introduction of cellulosic nanofibers for the manufacturing of CMC is projected to positively impact the industry growth.
• Asia Pacific held the largest demand in the cellulose gum market as of 2016. Rapid expansion of food & beverage and pharmaceutical sectors in the region coupled with the presence of a broad consumer base is estimated to drive the industry growth by 2025.
• Akzo Nobel N.V., CP Kelco, Ashland, Inc., Daicel FineChem Ltd., and The Dow Chemical Company are the key players that collectively accounted for more than 30% market share of the global industry in 2016
• Companies are implementing various strategies to mainly strengthening their distribution and significantly investing in research & development in order to enhance their business growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are among the manufacturers that have fully integrated business operations across the value chain.

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Fatty Amines Market To Witness Growth Based On Increased Usage Of Personal & Household Care Products Till 2025:Grand View Research,inc.

The global fatty amines market is anticipated to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for high-quality surfactants and emulsifiers due to increased usage of personal and household care products in emerging economies such as Asia Pacific is excepted to steer the market growth in the near future. 

Fatty amines market growth is mainly depended on the end-use industries. The U.S. fatty amines market in water treatment chemicals application was valued over USD 52 million in 2016. Growing awareness regarding recycling and reusing polluted water due to water scarcity is anticipated to steer product demand in the region.

Multinational companies such as Kao Corporation, Ecogreen Oleochemicals, Huntsman International, and Dow Chemical Company are integrated across the value chain, from raw material processing and fatty amine production to distribution of end products. These companies have the advantage of captive consumption of raw materials to produce fatty amide and further obtain primary, secondary, and tertiary derivatives. These companies are also involved in the production of other products for industrial applications.

U.S. fatty amines market revenue by carbon-chain length, 2016 (USD Million)

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Further key findings from the report suggest:

• Tertiary amines dominated the product segment and are anticipated to grow at an estimated CAGR of 4.6% from 2017 to 2025.
• Asphalt additives are projected to grow at an estimated CAGR of 6.3% over the next eight years, due to its potential to promote adhesion between the asphalt and mineral aggregate in mixtures for road paving, surfacing, and patching. 
• Fatty amines derivatives demand in chemical synthesis segment is anticipated to grow at a CAGR of over 6.0% from 2017 to 2025
• Water treatments products consumed over 22% of global market volume share in 2016. This application accounted for the maximum share in the overall market owing to popularity in corrosion inhibitors, biocides and disinfectants industries.
• Asia Pacific is expected to witness the fastest regional market growth and is expected to grow at an estimated CAGR of 5.1% from 2017 to 2025. Increasing production capacities by key regional players such as China, Japan, and India to support the escalating customer demand is projected to spur the market growth during the forecast period.
• The global fatty amines market is consolidated with major companies accounting for highest share in 2016. Key global players include Kao Corporation, Dow Chemical Company, Ecogreen Oleochemicals GmbH, Huntsman International LLC, Akzo Nobel NV, Solvay SA, Indo Amines Ltd, Evonik Industries, KLK Oleo, and Volant-Chem Group.

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Palm Methyl Ester Derivative Market Is Anticipated To Grow Quickly Due To Enhanced Application Scope Of Product In Homecare, Personal Care, & Cosmetic Products Till 2025: Grand View Research, Inc.

The global palm methyl ester derivatives market is anticipated to reach USD 1.01 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for CPO and PKO derived products from a wide range of sectors including personal care, home care, and food along with other industrial products such as adhesives, lubricants, paints, coatings, and inks is expected to influence product demand over the forecast period.

Palm methyl ester derivatives are essentially oleochemicals processed from CPO and PKO, leading to greater global demand driven by sustainability along with environmental and health concerns. Rising consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors is also anticipated to boost product demand.

In the past few years, the industry has witnessed increasing investments in R&D activities for the development of biodegradable products, which can substitute the petroleum-based ones. This, in turn, has led to increased dependence on these specialty chemicals. Some of the major application sectors of the products include homecare, personal care, and cosmetic products.  

Methyl oleate held the largest share in the market and is expected to continue its dominance over the forecast period. The increasing use of the product as solvents in industrial cleaners, as surfactants in personal care products, as solvents & defamers in the production of inks and coatings and as a lubricant for metal cleaning & precision metal cleaning are expected to be the major factors driving oleate demand over the forecast period.

U.S. palm methyl ester derivative market volume by product, 2014 - 2025 (Tons)

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Further key findings from the report suggest:

• The collective demand for palm methyl ester derivatives globally was 204 kilo tons in 2016 and is expected to grow at a CAGR of around 5.3% from 2017 to 2025 to exceed a total volume of over 320 kilo tons by 2025
• Crude palm oil (CPO) was the largest source for these derivatives while accounting for over 60% of the total revenue in 2015
• Personal care & cosmetics was the largest application segment for methyl laurate with a demand of over USD 32 million in 2016
• Asia Pacific is expected to be the largest regional market with a projected demand of around USD 575 million by 2025

• The industry is dominated by a few multinational corporations such as Peter Cremer North America, Carotino Group, KLK OLEO, Ecogreen Oleochemicals, and Kao Corporation with significant presence across the value chain
• Companies such as P&G Chemicals, VVF, and KLK Oleo are integrated throughout the value chain from manufacturing of raw materials for downstream chemicals to finished products such as detergents, soaps, and personal care products.

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Cellulose Fiber Market To Witness Growth Based On Increasing Demand For Natural As Well As Synthetic Fibers Till 2025: Grand View Research, Inc.

The global cellulose fibers market is expected to reach USD 48.37 billion by 2025, according to a new report by Grand View Research, Inc. The increasing gap between the demand and production of natural cellulose fibers across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth.

Increasing demand for eco-friendly and biodegradable fibers, especially in textile and hygiene industry is driving the cellulose fibers market. The production of synthetic or man-made fibers includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fibers entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fibers used extensively across end-use industries.

The cellulose fibers market is highly capital intensive and requires proper expertise. The players present in the market are constantly engaged in the research & development for new product and technology innovations. The fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are the major challenges faced by the industry.

U.S. cellulose fiber market revenue, by application, 2014 - 2025 (USD Billion)

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Further key findings from the report suggest:

• The global cellulose fiber market is anticipated to reach 48.37 billion by 2025, growing at a CAGR of 9.1% from 2016 to 2025
• The synthetic cellulose fiber segment dominated the market with 42% of the overall volume share in 2015
• Textile was the prominent segment in 2015.The key application of these fibers in textile industry is to reinforce composites and filter chemicals
• Asia Pacificdominated the market in 2015 and is expected to show the same trend over the forecast period
• Asian countries, such as China, India, Japan, South Korea, Pakistan, Taiwan, and Indonesia are the major market in the region owing to the remarkable growth in textile and industrial application
• North America & Europe are mature markets and is expected to show the same growth trend over the forecast period
• The market is fragmented and competitive in nature, with presence of local as well as big companies
• Some of the key companies present in the market are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holdings Co., Ltd, China Bambro Textile (Group) Co., Ltd, CFF GmbH & Co. KG, CreaFill Fibers Corporation, International Paper, and Grupo Sniace.

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Bio Solvents Market Will Witness Growth Based On Increasing penetration of Lactate Esters Till 2020:Grand View Research,inc.

The Global Bio Solvents Market is expected to reach USD 9.31 billion by 2020, according to a new study by Grand View Research, Inc. Volatile petrochemical prices coupled with growing concerns regarding VOC presence in conventional solvents is expected to remain a key driving factor for global bio solvents market. Bio solvents have been gaining acceptance across key end-use industries and are expected to replace most of the conventional solvents on account of its biodegradability and toxic free properties. Increasing demand for green paints & coatings is expected to further complement the market growth. Increasing market penetration in pharmaceutical and cosmetic industries is also expected to have a positive influence on the market growth.

Lactate ester emerged as the leading product segment and accounted for 30% of total market volume in 2013. Increasing penetration of lactate esters in coatings, printing inks and industrial cleaning applications is expected to drive its demand over the forecast period. Growth of paints & coatings industry on account of increasing construction spending particularly in emerging markets of Asia Pacific and Latin America is expected to further drive its demand. Glycols are expected to be the fastest growing product segment at an estimated CAGR of 5.4% from 2014 to 2020. Positive outlook on global automotive industry is expected to fuel its demand over the next six years.

Browse full research report on Bio Solvents Market: http://www.grandviewresearch.com/industry-analysis/bio-solvents-market

Further key findings from the study suggest:

• Global bio solvents demand was 2,505.0 kilo tons in 2013 and is expected to reach 3,569.6 kilo tons by 2020, growing at a CAGR of 5.2% from 2014 to 2020.
• Paints & coatings emerged as the largest application segment and accounted for 44.2% of total market volume in 2013. Increasing construction spending in emerging markets of Brazil, China and India on account of increasing urbanization and industrialization rates is expected to remain a key driving factor for this segment.
• Adhesives & sealants is expected to be the fastest growing application segment at an estimated CAGR of 5.3% from 2014 to 2020. Growing demand for bio-based adhesives & sealants from various end-use industries such as automotive, construction and packaging is expected to remain a key driving factor for this segment.
• North America was the largest regional bio solvents market and accounted for 35% of total market volume in 2013. Favorable regulatory scenario coupled with increasing demand for sustainable chemicals particularly in developed economies of the U.S. and Canada is expected to drive the regional demand. Various initiatives taken by the U.S. government to improve public infrastructure is expected to drive paints & coatings and adhesives & sealants demand. This in turn is expected to have a positive impact on the regional bio solvents market.
• Asia Pacific is expected to witness the highest growth rate over the forecast period. The region is expected to grow at an estimated CAGR of 5.5% from 2014 to 2020. Growth of major end-use industries particularly in China and India is expected to drive the regional market.
• Global bio solvents market is highly concentrated with top four companies accounting for over 60% of the total market in 2013. Major companies operating in the global market include BASF, DuPont, The Dow Chemical Company, Cargill, AkzoNobel, LyondellBasell, Gevo, BioAmber, Hunstman Corp., Myriant, Florida Chemicals and Vertec Biosolvents.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals    

For the purpose of this study, Grand View Research has segmented the bio solvents market on the basis of product, application and region:

Global Bio Solvents Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • Lactate Ester
    • Soy Methyl Ester
    • Alcohol
    • Glycols
    • Others
Global Bio Solvents Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • Paints & Coatings
    • Adhesives & Sealants
    • Printing Inks
    • Others
Global Bio Solvents Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-bio-solvents-market   

                   

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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