Stearic Acid Market Is Predicted To Grow Swiftly Due To The Increasing Penetration Of Organic Chemicals Across Personal Care Products Till 2022: Grand View Research, Inc.

Global stearic acid market is expected to reach USD 11.01 billion by 2022, according to a new study by Grand View Research, Inc. Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global stearic acid market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period.

Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

Global stearic acid market estimates and forecast by product, 2012 - 2022 (Kilo Tons)

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Further key findings from the report suggest:

• Global stearic acid demand was 5,744.3 kilo tons in 2014 and is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from 2015 to 2022.
• Personal care is projected to witness the fastest growth of 5.1% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.
• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.
• Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.
• Major companies operating in global stearic acid market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Pharmaceutical Fine Chemicals Market To Witness Growth Based On Increasing Demand For Preventive Healthcare Till 2025: Grand View Research, Inc.

The global pharmaceutical fine chemicals market is expected to reach USD 153.7 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for preventive healthcare is expected to be a major factor driving market growth. Utilization of pharmaceutical fine chemicals (PFCs) has increased on account of the increasing aging population across the globe. 

Cardiovascular is anticipated to the fastest growing application segment over the over the next eight years growing at an estimated CAGR of 8.4%. The occurrence of cardiovascular disease is on the rise owing to the unhealthy lifestyle of human beings. According to the World Health Organization (WHO), cardiovascular diseases are considered to be the prime cause of fatalities across the globe. The organization also states that cardiovascular diseases caused the death of approximately 17.7 million people in the year 2015. This number approximately represented 31% of the total deaths in the year 2015.

Obesity and an unhealthy lifestyle are some of the most important factors which lead to the occurrence of various diseases such as cardiovascular, neurological, oncological, infectious diseases, metabolic system, diabetes, respiratory, gastrointestinal, and musculoskeletal disorders. Eating junk food, leading unhygienic lifestyle, irregular timetable and many other unhealthy habits lead to diseases amongst human beings. Studies also show that males have more chance of contracting diabetes as compared to females. All these factors combined are thus anticipated to propel the market growth over the forecast period.

U.S. pharmaceutical fine chemical market by application, 2014-2025 (USD Billion)

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Further key findings from the report suggest:

• The global pharmaceutical fine chemicals demand in terms of revenue was USD 78.2 billion in 2016 and is expected to grow at a CAGR of 7.9% from 2017 to 2025
• Proprietary emerged as the largest type segment in 2016 and is estimated to generate revenue of USD 125.1 billion by 2025
• Big molecules were the largest size segment in 2016 and is expected to grow at an estimated CAGR of 7.8% over the next eight years
• Advanced intermediates is expected to be the fastest growing product segment over the forecast period growing at an estimated CAGR of 8.3%
• Industry participants include Angelini Acraf S.p.A, Albermarle Corporation, Chemada Fine Chemicals, W.R. Grace & Co., and Kenko Corporation. These players have vertically integrated their operations to increase their market presence and thus gain competitive advantage in the market

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Concrete Admixtures Market Size Will Grow At A CAGR Of 7.0% CAGR from 2014 to 2025: Grand View Research, Inc.

The global concrete admixture market value is expected to reach USD 33.6 billion by 2025, according to a new report by Grand View Research, Inc. Rising investment in the hospitality sector is expected to propel the market growth.

Major market players are implementing growth-through-acquisition strategy to increase their market presence. The market is observing a rise in strategic mergers among key industry players. For instance, the key merger of the concrete admixture market in 2016 is the strategic collaboration of the U.S. based Huntsman Corp and Clariant AG. This merger is anticipated to create a market value of USD 14 billion.

The concrete admixture is largely used in the construction processes for the building bridges, arches, tunnels, buildings, road slabs, and others. The construction sector growth is largely dependent on the emerging countries. Major events generate big infrastructure reforms. For example, Brazil witnessed heavy investment in infrastructure sector to uphold the Olympic games held in 2016. Similarly, Qatar is likely to see major growth in infrastructure development subjected to upcoming FIFA world cup in 2022.

The water reducing agents such as plasticizers and superplasticizers are anticipated to dominate the global concrete admixture market over the forecast period. The water reducing agents are used to reduce the water content in the concrete by 5% to 12%. The product is gaining prominence due to its distinct feature to reduce water content while maintaining workability of the concrete for easy placement and consolidation.

U.S. concrete admixture market revenue by application, 2014 - 2025 (USD Billion)

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Further key findings from the report suggest:

• The global demand for concrete admixture market was USD 18.4 billion in 2016 and is expected to grow at a CAGR of around 7.0% over the forecast period to exceed a total revenue of over USD 33.6 billion by 2025.
• Water reducing agents was the biggest segment in the market accounting for over 43% of the total revenue in 2016
• Non-residential and infrastructure was the largest application segment with a demand of over USD 12.4 billion in 2016, growing at a CAGR of 6.7%
• The APAC is expected to be the largest regional market with a projected CAGR of 8.5% over the forecast period

• The industry is dominated by a few multinational corporations such as BASF SE, The Dow Chemical Company, and Sika AG. Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant market share.

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Polymer Gel Market Is Predicted To Grow Swiftly Due To Increasing Personal Care Products Consumption Till 2025: Grand View Research, Inc.

The global polymer gel market is expected to reach USD 7.93 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.7% over the forecast period, owing to increasing personal care products consumption has been a major factor driving market growth. In addition, growing consciousness regarding the advantages of these products coupled with the trends of adopting smart farming techniques has led to the increased utilization of polymer gel in agricultural activities.

Demand for polymer gels is anticipated to witness promising growth during the forecast period on account of rapidly growing personal care market. Polymer gel is mainly driven by the demand from the personal care industry, as it has high absorbing capacity. The demand for polymer gel is expected to grow owing to the rising growth in various end-use industries in the Asia Pacific region.

Personal care was the largest application category in 2016 and is expected to maintain fastest growth rate over the forecast period. Agricultural applications are anticipated to grow at a CAGR of 5.5% from 2017 to 2025.

Polymer gels are widely used in manufacturing of diapers across the world. Rapidly expanding infant population coupled with rising awareness regarding personal hygiene are contributing towards demand for diapers. Moreover, rising participation of women in workforce and increasing disposable income is also supplementing demand for baby diapers, which in turn is driving the overall polymer gel market demand. 

U.S. polymer gel market volume by application, 2014 - 2025 (Kilo Tons)

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Further key findings from the report suggest:

• The global polymer gel demand reached 2,126 kilo tons in 2016 and is expected to grow at a CAGR of 4.7% from 2016 to 2025. The key end-use industries include personal care, construction, agriculture, drug delivery system, and waste treatment.
• Personal care emerged as the largest application segment in 2016 and this trend is expected to continue over the forecast period. Polymer gel are widely used in personal care products as they act as an effective absorbent for water and other aqueous solutions. These products include baby & adult diapers and female hygiene products. 
• The U.S. polymer gel market in personal care was 331.6 kilotons in 2016 and is estimated to witness a lucrative growth over the forecast period. Robust growth in construction industry, on account of ongoing recovery in residential and commercial construction in the country, is expected to propel market growth over the forecast period. 
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies. The regional market is expected to grow at a CAGR of 6.6% from 2017 to 2025. The presence of various potential markets in the region such as Japan, China, South Korea, and India is fueling the demand for personal care products.
• Key market players include Saudi Arabian Amiantit Company, Enduro Composites, Inc., Ma’s Group Inc., FIMA Group Ltd., Sumitomo Seika Chemicals Co., Ltd, Nippon Shokubai Co., Ltd., LG Chemicals Ltd., Evonik Industries, BASF Corporation, Dow Chemicals and Chemxtex Speciality Limited.

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Furfural Market Worth USD 1,200.9 Million By 2020: Grand View Research, Inc.

The Global Furfural Market is expected to reach USD 1,200.9 million by 2020, according to a new study by Grand View Research, Inc. Industry shift towards minimizing dependence on conventional petrochemicals on account of growing environmental concerns and volatile prices is expected to remain a key driving factor for the global furfural market. Furfural has been identified as one of the major platform chemicals which are used to derive other industrial chemicals. Emergence of novel furfural application to manufacture THF, furfuryl alcohol resins and furanics is also expected to have a positive influence on the market growth. Obsolete production technologies affect the yield and increases the overall cost of production which is expected to remain a key challenge for market participants over the next six years.

Furfuryl alcohol was the largest application segment for furfural market and accounted for more than 86.3% of the total market in 2013. Increasing furan resins demand in foundry applications such as sand binders is expected to remain a key driving factor for this segment. Global furfural demand for solvents is expected to grow at an estimated CAGR of 13.3% from 2014 to 2020.

Global furfural market volume by application, 2012-2020 (Kilo Tons)

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Further key findings from the report suggest:

• Global furfural market demand was 300 kilo tons in 2013 and is expected to reach 652.5 kilo tons by 2020, growing at a CAGR of 11.9% from 2014 to 2020.
• China emerged as the leading regional market for furfural and accounted for 72.6% of total market volume in 2013. China along with being the largest consumer is also the largest producer of furfural which has been a major factor for the growth of domestic market. Low production cost of furfural in China is expected to remain a key driving factor for the domestic market. However, the furfural industry has been facing an issue of availability of corn cob, basic raw material to manufacture furfural. The prices of corn cob have been witnessing an upward trend in the recent past which has prompted the government agencies to stockpile corn cob.
• Increasing furfural demand in markets such as Thailand, Indonesia, Malaysia and India is expected to augment the global market growth. Growth of major end-use industries such as chemicals, pharmaceuticals and foundry industries particularly in emerging markets of Asia Pacific is expected to be a major factor contributing to the market growth. Western European furfural market is expected to grow at an estimated CAGR of 10.3% from 2014 to 2020.
• Global furfural market is fragmented with a presence of large number of small scale manufacturers in China. Major companies are integrated along the value chain and are involved in the production of furfural derivatives such as furfuryl alcohol. Some of the major companies operating in the global market include Teiling, Central Romana Corp., International Furan Chemicals, TransFurans Chemicals, Penn A Kem LLC and Sugar Illovo Ltd.

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Furandicarboxylic Acid Market Is Predicted To Grow Swiftly Due To Enhanced Application Scope In PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols Till 2020: Grand View Research, Inc.

The estimated market potential for FDCA is expected to reach USD 498.2 million by 2020, according to a new study by Grand View Research, Inc. Avantium’s FDCA production facility is expected to come online by in 2016 - 17 with annual capacity reaching 50 kilo tons by 2017. FDCA is expected to have great potential as a replacement to other petroleum based chemicals such as adipic acid, terephthalic acid and bisphenol A. The addressable market for FDCA as of 2013 was in excess of 50 million tons with PET and PBT being the largest applications.

The market potential for FDCA is expected to reach 498.15 kilo tons by 2020, growing at a exponential CAGR of 367.0% from 2014 to 2020, owing to the projected commercial production of FDCA by Avantium in 2016 using bio feed stock. The market for FDCA in 2013 was 40 tons with production on order basis primarily for scientific applications.

FDCA potential application volume share, 2020

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Further key findings from the report suggest:

• Post commercialization, PET is expected to be the largest application segment for FDCA accounting for 64% of the global market in 2020. The growing demand for packaging material coupled with the need for bio based products is expected to greatly boost the demand for FDCA.

• Polyamides are expected to be the second largest application segment in 2020 with a potential market for 80,000 tons. FDCA has the potential to replace adipic acid and its bio based alternative considering economic production by 2020.

• A limited number of companies manufactured and supplied FDCA as of 2013 and primarily for scientific purpose. Avantium is expected to begin construction of its first commercial FDCA plant with 50 kilo ton capacity in 2015 and is expected to begin production by 2017.

• Avantium has been a key participant inFDCA technology development, with partnerships and alliances with key application clients including The Coca-Cola Company, Danone, Teijin, Solvay and Rhodia.

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Glycerol Market Is Predicted To Reach USD USD 2.52 Billion By 2020: By Grand View Research, Inc.

The Global Glycerol Market is expected to reach USD 2.52 billion by 2020, according to a new study by Grand View Research, Inc. Biodiesel emerged as the leading source of glycerol, accounting for over 1,400 kilo tons of glycerol production in 2013. Growing application market coupled with increased production of oleochemicals in Asia Pacific is expected to augment glycerol demand over the forecast period.

Personal care and pharmaceuticals were the largest application segment, with glycerol consumption exceeding 870 kilo tons in 2013. However, food & beverage is expected to be the fastest growing application segment at an estimated CAGR of 8.4% from 2014 to 2020, owing to improving lifestyle in emerging economies leading to increased consumption of processed and packed foods.

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Further key findings from the report suggest:

• Global glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.

• Biodiesel was the largest source for production of glycerol accounting for 62.96% of the market in 2013. However, fatty alcohols are expected to be the fastest growing source for glycerol production at an estimated CAGR of 8.3% from 2014 to 2020.

• Alkyd resins and foods & beverages followed personal care & pharmaceuticals accounting for a market volume of 12.94% and 12.22% respectively.

• Asia Pacific was the leading regional market and accounted for 37% of market volume in 2013. It is also expected to be the fastest growing market for glycerol at an estimated CAGR of 7.8% from 2014 to 2020.

• The global glycerol market is highly concentrated with the top four companies including IOI Group, KL Kepong, Emery Oleochemicals and Wilmar International accounting for over 65% of market revenue in 2013. Other companies operating in the market include P&G, Kao Corporation, Cremer Gruppe and Oleon.

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Glass Packaging Market Is Anticipated To Grow Quickly Due To Increasing Consumer Health Awareness Till 2022: Grand View Research, Inc.

The global glass packaging market is expected to reach USD 68.4 billion by 2020, according to a new study by Grand View Research, Inc. Growing beer consumption, especially in parts of Eastern Europe and Asia Pacific is expected to be a key driver for the growth of the market over the next five years. In addition, the increasing preference towards use of glass in packaging of food and beverage, pharmaceuticals and cosmetics is further expected to boost the market in the near future.

Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market.

North America glass packaging market revenue by application, 2012-2020, (USD Million)

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Further key findings from the report suggest:

• Global glass packaging market volume was estimated to be 47,000 kilo tons in 2013 and is expected to reach 60,846.5 kilo tons by 2020, growing at a CAGR of 4% from 2014 to 2020.

• Asia Pacific is expected to maintain leadership position in the market, and is estimated to account for close to 38% of the global glass packaging demand by 2020. Europe, which is the second largest market, is expected to play a key role in boosting the demand for glass packaging owing to the increased beer consumption from countries of Eastern Europe.

• Asia Pacific is also expected to be the fastest growing regional market over the next six years, growing at an estimated CAGR of 4.2% in terms of volume from 2014 to 2020.

• The global glass packaging market is highly fragmented, with a couple of companies having significant share of the market, in comparison to numerous companies catering to the local markets. OI or Owens Illinois Inc and Saint Gobain are the key players in the glass packaging market catering to majority of the application segments. Other key companies in the market include Ardagh, Vidrala and Vetropack among.

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Ballistic Composites Market Is Projected To Grow At A CAGR 6.8% CAGR from 2015 to 2025: Grand View Research, Inc.

The global ballistic composites market is expected to reach USD 2.18 billion by 2025, according to a new report by Grand View Research, Inc. Unstable geopolitical relations, increasing cross-border tensions have forced nations to strengthen their defense units. Providing lightweight, efficient and advanced combat equipment has been on top priorities of most of the developed as well as developing countries. This has triggered the use of ballistic composites over the past few years.

Several factors, like the propensity of the composite armor of supporting the weight of an externally attached component, anchoring composite armor with a platform, safeguarding of ballistic weaknesses at panel joints and corners are taken into consideration while product designing and production are executed.

Ballistic vests are envisioned to deflect bullets from several types of guns, while armored vehicles must withstand projectiles, shells fired from tanks and roadside bombs. The layout of ballistic materials thus presents challenges familiar to any composites manufacturer.

North America is slated to account for larger market share. Active involvement of the U.S. military to counter terror threats is expected to fuel the product demand. Rising pressure on the U.S. government to maintain its military dominance is also expected to drive the regional market.

The key value chain components for the ballistic protective equipment market include raw material suppliers, ballistic equipment manufacturers, and end-users. The raw material suppliers form the first component in the value chain and provide various metals, materials, and fabrics required for producing ballistic protection suits.  

Major companies in the global ballistic composites market include DuPont, Teijin, DSM and Honeywell International. The market can be characterized by increasing R&D spending and continuous efforts for new product development.

Germany protein detection & quantification market by end-use, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Asia Pacific is expected to emerge as the fastest growing market in terms of product technology upgradation. Rising awareness in this region pertaining the life of deployed soldiers and vehicles is likely to trigger government budgets allocated for defense.
• North America is likely to emerge the largest market for ballistic composites on account of favorable government budgets, policies and regulations pertaining defense initiatives.

• Polymer matrix composite is expected to experience a significant growth on account of their low cost and simple fabrication methods. Its significance lies in its ability to grow fatter and short upon being heated.

• During the forecast period, ballistic composites market is expected to be majorly driven by armor applications in body vests and defense vehicles.

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Fluorochemicals Market To Reach $7.48 Billion By 2020: Grand View Research, Inc.

The global fluorochemicals market size is expected to reach USD 31.21 billion by 2024, according to a new report by Grand View Research. Growing popularity of fluoropolymers in automotive and electronics sectors on account of exhibiting superior properties such as good electrical insulation and tensile strength is expected to have a positive impact on the industry.

Growing demand for aluminum in a host of end-use industries including aviation, automotive, electronics and healthcare is expected to drive demand. Furthermore, expansion of these industries is expected to accelerate growth. Presence of a stringent regulatory framework which includes critical protocols including the Montreal Protocol and Kyoto Protocol has led to the restricted production and use of numerous chemicals including HCFC and CFC.

Global fluorochemicals market, by product, 2014 - 2024  (Kilo Tons)

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Fluorocarbons dominated the global market accounting for over 52% of volume share in 2013. Increasing application of refrigerants in HVAC systems is expected to drive fluorocarbons industry expansion in the near future. Lax regulatory framework in high potential markets of Asia Pacific, including China and India is expected to propel product demand over the forecast period.

Fluoropolymers market is expected to witness significant gains over the forecast period, with an estimated CAGR of over 10.2% from 2014 to 2024. Its increasing demand in automotive, construction and electronic applications is expected to augment growth. Increasing construction spending, particularly in emerging economies of Asia Pacific and Middle East is likely to drive industry growth.

Europe fluorochemicals market accounted for over 12% of global volume share in 2013. Increasing demand for fluoropolymers, inorganic and specialty fluorochemicals in a host of niche applications is expected to drive demand.

Positive automotive sector outlook in China, India and Indonesia is expected to remain favorable factor for growth. Regulatory allowance for investment in metal sector coupled with abundance of aluminum reserves in China and India is expected to increase the application of aluminum trifluoride and have a positive impact on demand in the near future.

DuPont, Solvay SA, Daikin, Honeywell, Arkema SA, Dongyue and Asahi Glass dominated the global fluorochemicals market share in 2013. This industry is moderately consolidated and possesses oligopolistic nature.

In April 2012, Daikin announced plans to launch a new fluorochemical product meant for use in touch panels and displays. In July 2015, Solvay announced that it will supply Halar ECTFE fluoropolymer to Amcor for manufacturing photovoltaic sheets. In June 2012, Arkema SA announced the expansion of its manufacturing facility located in Pierre-Benite. The expansion was aimed at increasing the production of fluoropolymers.

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Flexible Packaging Market Is Anticipated To Grow Quickly Due To Growing Food Requirement On Account Of Increasing Population till 2022: Grand View Research, Inc.

Global flexible packaging market was estimated at 19,800 kilo tons in 2014. Increasing population in developing countries namely India and China are expected to result in the rise in demand for food, thus leading to the growth of the market. Advantages of the product including variety in container packaging, less raw material, light weight and ease of disposal are anticipated to propel further growth.

Market players have been increasingly focusing on compact packaging which has led to the development of pouch and flexible segment over the past years. Furthermore, reduction in storage requirements, shifting consumer preference towards various packaging designs and styles, and lower shipping costs is expected to drive the market. However, fluctuation in raw material prices is expected to restrain growth over the next seven years.

Food & beverage accounted for approximately 80.0% of the overall market share in 2014. Growing demand for packaged food such as snack foods, cake mixes and ready-to-eat meals is expected to provide a platform for manufacturers to expand their production capacity, thereby increasing demand for the product over the forecast period.

U.S. flexible packaging market volume by application, 2012 - 2022 (Kilo Tons)

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The pharmaceutical segment was the second largest application and accounted for over USD 16 billion in 2014. Frequent incidences of lifestyle-related diseases such as high blood pressure, obesity and diabetes amongst the working population mainly in BRICS is anticipated to intensify demand for pharmaceutical products, thus leading to growth in demand for flexible packaging over the next seven years.

Plastics and bioplastics are the principal raw materials used by manufacturers of flexible packaging. Use of bio-based PLA films in snack packaging and bakery & confectioneries have resulted in growing demand for numerous applications due to biodegradable nature and easy recyclability. The increasing use of plastics for the production of pouches, tetra packs, and bags owing to less raw material requirement and low costs are projected to have a positive impact on market growth.

In 2014, Asia Pacific contributed to over 35.0% of the overall share by volume. Establishment of numerous manufacturing units and food & beverage units in developing countries such as India and China, as a result of rapid industrialization, is expected to have a positive impact on the flexible packaging market over the forecast period.

Europe emerged as the second largest player in the flexible packaging market with demand worth USD 54.7 billion in 2014. Growing healthcare sector in Europe is expected to fuel the growth of the pharmaceutical industry.

Major firms include Coveris, Sufpack, Amcor, Toppan Printing, Bemis Sealed Air, Fujimori Kogyo, and Bischof& Klein. Key competitors are anticipated to shift manufacturing base to emerging economies such as China and India on account of lower labor wages and high productivity index.dia on account of lower labor wages and high productivity index.

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Fluorotelomers Market Is Predicted To Reach USD USD 539.3 Million By 2020: By Grand View Research, Inc.

The global fluorotelomers market is expected to reach USD 539.3 million by 2020, according to a new study by Grand View Research, Inc. Increased use of fluorotelomers in fire fighting foams and textiles is expected to drive demand over the next six years. The market is still in the nascent stage and is expected to gain significant share over the forecast period on account of substitution of other flurocarbons.

These products are preferred on account of their non toxic nature and the fact that they do not bio-accumulate in animals. Fluorotelomer alcohols such as TEOH-4 and TEOH-6 were the largest consumed product segment in 2013 and accounted for over 30% of global consumption. Fluorotelomer iodide is expected to be the fastest growing product segment at an estimated CAGR of 13.1% from 2014 to 2020.

Fluorotelomer market volume share, by product, 2013

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Further key findings from the report suggest:

• The global fluorotelomers demand is expected to reach 47,492.4 tons by 2020 growing at a CAGR of 12.5% from 2014 to 2020.

• Textiles were the largest application market, accounting for over 34% of the global fluorotelomer consumption in 2013. The segment is also expected to witness fastest growth at an estimated CAGR of 13.6% from 2014 to 2020 on account of enhanced demand from end-use industries.

• Fire fighting foams and food packaging were key application segments, together generating revenue in excess of USD 130 million in 2013. Fire fighting foams are increasingly being used owing to the strict construction norms in most emerging economies.

• Asia Pacific was the most dominant regional market accounting for over 46% of global consumption in 2013. The presence of application industries such as textiles is expected to help the region maintain dominant position over the next six years.

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Fluoropolymers Market Hits USD 11.11 Billion By 2022: By Grand View Research, Inc.

Global fluoropolymer market size is expected to reach USD 11.11 billion by 2022, according to a new report by Grand View Research, Inc. High tensile strength and excellent insulation properties have driven fluoropolymer penetration in electronics, automotive and construction applications. Positive outlook on these end-use industries is expected to be one of the primary growth factors over the forecast period.

Increasing government spending on infrastructure in China, India and the Middle East is expected to drive architectural coatings demand. Fluoropolymer coatings exhibit protection against corrosion & chemicals and high temperature tolerance, which makes them useful for architectural applications. 

In addition, these coatings are used in automobiles for protection against scratches and abrasions. DuPont (Chemours) manufactures and markets fluoropolymer coating under the brand name, Teflon.

In terms of application, industrial applications dominated the global market, accounting for over 30% of volume share in 2014. It is used in a wide range of applications including gears, sliding plates and bearings, which require low friction. Expansion of manufacturing industry in India, China, Mexico, Brazil and Russia is expected to drive demand for PTFE as an additional lubricant.

U.S. fluoropolymers market volume, by application, 2012 - 2022 (Kilo Tons)

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Further key findings from the report suggest:

• Global fluoropolymer market demand was 720.8 kilo tons in 2014 and is expected to reach 1,600.4 kilo tons by 2022, growing at a CAGR of 10.3% from 2015 to 2022.
• PVDF is expected to witness substantial gains at a CAGR of over 14% from 2015 to 2022. It acts as a ferroelectric material exhibiting piezoelectric and pyroelectric properties. In addition, flexibility, low weight & thermal conductivity and high resistance to chemical corrosion & heat have resulted in its use for manufacturing electric wires.
• Growing demand for electric wires in appliances and equipment is expected to drive PVDF demand over the forecast period. In July 2014, Kureha Corporation commenced production of PVDF at its manufacturing unit, Changshu, China. The plant has an annual capacity of 5,000 tons.
• North America market accounted for over 40% of global volume share in 2014. Large scale electronic and automobile manufacturing coupled with housing sector growth in the U.S. has resulted in high demand for the product. This trend is expected to continue over the forecast period. Moreover, expanding coating industry along with the introduction of new coating products and technologies is expected to stimulate industry growth.
• Asia Pacific is expected to witness significant growth at a CAGR of 10.9% from 2015 to 2022 owing to demand for fluoropolymer in a wide range of applications including coatings and electronics. Technological advancement in the field of electronics, particularly in China, Taiwan and South Korea, has led to an increasing utilization of these materials in providing high thermal stability and superior tensile strength.
• Chemours, Daikin, 3M, Solvay and Dongyue Group jointly accounted for over 70% of the global fluoropolymer market share in 2014. Strategic partnership between manufacturers and buyers, coupled with product innovation is expected to be a critical strategy for gaining competitive advantage.

 For more information: http://www.grandviewresearch.com

Enzymes Market Will Reach USD 17.50 Billion By 2024: Grand View Research, Inc.

The global enzymes market is expected to reach USD 17.50 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for enzymes in food & beverage products as they improve quality and eliminate deficiencies in the products is expected to propel industry growth in the near future.

Increasing demand for bioethanol and biodiesel in emerging economies including India, Brazil, and Thailand will augment industry growth over the forecast period. Growing number of government investments along with R&D activities in industrial enzymes will drive demand over the next eight years.

Rising population along with rising living standard will drive processed foods demand, which in turn will stimulate industry expansion. In addition, emerging protein design algorithms, along with growing inexpensive DNA sequencing technology will open new market avenues over the next seven years.

Carbohydrases accounted for 47.7% of the global market share in 2015, dominating the enzymes industry and the segment is expected to show significant growth in light of high usage in animal feed, textile, food & beverages, and pharmaceutical applications. Moreover, mounting usage of artificial sweeteners, prebiotic products, and juices is expected to fuel product demand over the forecast period. 

North America specialty enzymes market, by application, 2013 – 2024 (USD Million)

Browse full research report on Enzymes Market

Further key findings from the report suggest:

• Specialty enzymes are anticipated to witness the fastest growth at a CAGR of 9.2% from 2016 to 2024 on account of increasing awareness regarding therapies for chronic diseases, along with growing incidences of digestive enzyme disorders. Moreover, increasing usage of the ingredient for diagnostic solutions is expected to augment growth. Chemical reactions in research & biotechnology are accelerated by making the use of enzymes. They also optimize the yield of the production processes, which is expected to bolster demand over the forecast period.
• Animal feed is likely to witness significant growth at a CAGR of 9.0% from 2016 to 2024 as a result of mounting demand for swine, bovine, poultry and aquaculture species. Growing global meat production coupled with rising health concern regarding meat quality will augment animal feed demand, which is expected to stimulate industry expansion.
• North America enzymes market was valued at USD 3.59 billion in 2015 and will show high gains in light of favorable government policies along with a robust manufacturing base in the U.S. Growing demand for animal feed and biofuels in the U.S. is expected to drive market size.
• Latin America accounted for 8.3% of the overall enzymes market and will show substantial growth in light of rapid industrialization coupled with increasing biodiesel production in Brazil and Argentina.
• Key industry players include Novozymes, Danisco, Royal DSM, BASF SE, DuPont, Lonza Group, and Advanced Enzymes Technologies Ltd. In January 2014, DuPont launched LAMINEX MaxFlow 4G enzyme, intended for increasing texture, taste and appearance of beer in beverages applications.

 For more information: http://www.grandviewresearch.com