Polyester Staple Fiber Market To Experience Lucrative Growth Due To Enhanced Demand In Home Furnishing, Construction & Automotive Sectors Till 2025: Grand View Research, Inc.

The global polyester staple fiber market is expected to reach USD 39.3 billion by 2025, growing at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing consciousness regarding the environment and cheaper price of PSF as compared to that of cotton have increased the utilization of PSF in the global market.

Polyester staple fiber is lightweight, wrinkle-free, and resistant to light and weather. It also has an ability to withstand extreme climatic conditions. It is used as a key element in various end-use sectors, including apparel, home furnishing, construction, and automotive, which is expected to drive market growth over the forecast period. Rising product demand, owing to its long-term effectiveness, high elastic resilience, tenacity, and eco-friendly nature of PSF, is also expected to boost market growth over the next eight years.

Solid PSF was the largest product segment in 2016 and is expected to witness a promising growth rate over the forecast period. Hollow product segment is anticipated to observe a low growth rate by 2025. In terms of revenue, apparel application segment is anticipated to observe the fastest growth over the next eight years at a CAGR of 6.7% from 2017 to 2025. PSF is instrumental in improving the overall quality at a lower price than its alternatives, which is expected to drive its demand. Increasing product usage in Asia Pacific owing to its rising utilization in textile manufacturing industry is also expected to boost demand over the forecast period.

U.S. polyester staple fiber market volume, by product, 2014 - 2025 (Kilotons).

Browse full research report on Polyester Staple Fiber Market: http://www.grandviewresearch.com/industry-analysis/polyester-staple-fiber-psf-market

Further Key Findings From the Study Suggest:

• The global demand for polyester staple fiber was 15,519.7 kilotons in 2016 and is estimated to ascend at a CAGR of 4.7% from 2017 to 2025. Asia Pacific dominated the global market in 2016, followed by Europe. Emerging economies such as China, India, and Brazil are predicted to lead their respective regional markets over the forecast period. 
• In terms of product, solid PSF emerged as the largest segment in 2016. Increasing popularity of sustainable man-made fibers coupled with reducing consumption of cotton in textile industry is likely to drive the market over the forecast period.
• In terms of revenue, virgin PSF emerged as the largest origin market segment in 2016 and is estimated to generate a revenue of over USD 16,451.9 million by 2025. Recycled PSF is estimated to witness promising market growth over the forecast period owing to rising environmental consciousness across the globe.
• Asia Pacific polyester fiber market is projected to witness substantial growth over the next decade owing to various developments, especially in textile industry, across major economies. In terms of revenue, the regional market is expected to progress at a CAGR of 6.7% from 2017 to 2025.
• Key market players include Toray Chemical Korea Inc., W. Barnet Gmbh & Co. KG, Alpek S.A.B. de C.V., Reliance Industries Limited, Diyou Fibre (M) Sdn Bhd., Huvis Corporation, Indorama Corporation, Xinda Corp., China National Petroleum Corporation, Bombay Dyeing, Petrovietnam Petrochemical, and Textile Fiber Joint Stock Company. These companies attempt to increase their market shares and expand their global presence through strategic initiatives such as expansions, investments, acquisitions, and new product developments.  

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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

Bio-succinic Acid Market Is Projected To Grow Rapidly Due To Growing Applications In Lubricants, Pigments, Personal Care Products & Food Colorants Till 2020: Grand View Research, Inc.

The global bio-succinic acid market is expected to reach USD 992.9 million by 2020, growing at a CAGR of 23.3% from 2014 to 2020. The recognition of succinic acid, as a potential platform chemical by the U.S. Department of Energy, has resulted in significant opportunities in replacement applications, particularly in maleic anhydride and adipic acid, for bulk volume industrial applications such as bioplastics, polyurethanes and engineering plastics. 

BDO was the largest application market for bio-succinic acid, with estimated volume of 19,877.5 tons in 2013, expected to grow at an estimated CAGR of 38.3% from 2014 to 2020. Cost-effective bio-succinic acid would result in the substitution of maleic anhydride for the manufacturing of BDO and downstream derivatives such as GBL and PBT, which are extensively used in the engineering plastics industry. Polybutylene succinate (PBS) is expected to be the fastest growing application, at an estimated CAGR of 38.9% from 2014 to 2020, on account of increasing bioplastics demand, particularly in Europe and North America.

Europe bio-succinic acid market revenue by application, 2012-2020, (USD Million)

Browse full research report on bio-succinic acid market: http://www.grandviewresearch.com/industry-analysis/bio-succinic-acid-market

Further Key Findings From the Study Suggest:

• The global demand for bio-succinic acid was 51,000 tons in 2013 and is expected to increase to 593,400 tons by 2020, growing at a CAGR of 32.2% from 2014 to 2020.

• Polyester Polyols was the second largest application market for bio-succinic acid, and accounted for 10.67% of global demand in 2013. The use of polyester polyols in the manufacturing of polyurethanes coupled with the growing demand for polyurethanes for downstream application industry is expected to be a major driver for bio-succinic acid market.

• Bio-succinic acid can be used as a replacement to various phthalate-based plasticizers, which is expected to unlock significant potential over the forecast period. The European Union has banned the use of certain phthalate plasticizers in production of PVC, spurring a race for the development of alternates to phthalate plasticizers. The plasticizers market is the largest addressable market for bio-succinic acid, being a potential replacement to phthalic anhydride and adipic acid in plasticizer manufacturing.

• Europe was the largest market for bio-succinic acid in 2013, accounting for 49% of the global consumption. The region has witnessed increased preference towards the use of bio-based materials which is expected to be a key driver for the growth of bio-succinic acid market.

• Asia Pacific is expected to be the fastest growing regional market, at an estimated CAGR of 33.9% from 2014 to 2020. The growing application industry in countries such as India and China is expected to be the key consumer of bio-succinic acid over the next six years. In addition, the high cost of petroleum based products is a major factor contributing to development of bio-based products in the region.

• The market was highly consolidated in 2013 with only four companies manufacturing bio-succinic acid on a commercial scale. BioAmber, Reverdia, Myriant and Succinity were commercial manufacturers of bio-succinic acid in 2013 with Succinity being the largest in terms of installed capacity.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/bio-succinic-acid-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

Construction Flooring Chemical Market Is Projected To Reach $6.15 Billion By 2025: Grand View Research, Inc.

The global construction flooring chemicals market is projected to reach approximately USD 6.15 billion by 2025, growing at a CAGR of 4.7% during forecast period, according to a new report published by Grand View Research, Inc. Increasing growth of millennials and nuclear families as well as rise in disposable income towards capability in purchasing of residential apartments in emerging markets is expected to promote the usage of flooring chemicals. Also, the growth of manufacturing facilities in developing nations is projected to increase the application of construction flooring chemicals over the forecast period. 

Flooring chemicals demand in the commercial sector is expected to grow at a CAGR of 3.8% in terms of volume from 2016 to 2025. The lucrative manufacturing outlook in developing nations including China and India on account of easy availability of chemical feedstock and cheap labor is expected to result in establishment of new commercial spaces. Abovementioned favorable trend toward the formation of new strategic business units (SBUs) is expected to increase the application of flooring and thus in turn will have a positive impact on market.

U.S. construction flooring chemicals market by product, 2014 - 2025 (Kilo tons) 

Browse full research report on Construction Flooring Chemical Market: http://www.grandviewresearch.com/industry-analysis/construction-flooring-chemicals-market

Further Key Findings From the Study Suggest:

• Demand for construction flooring chemicals in North America will surge in accordance with growth in renovation and occupancy of building in prime locations such as San Francisco and New York. construction flooring chemicals market is expected to witness a CAGR of 2.3% in terms of revenue. Mature market such as U.S. have expanding client request, greater interest in terms of renovations, as well as implementation of designs.
• MEA construction flooring chemicals market is expected to witness revenue growth at a CAGR of 4.9% from 2017 to 2025. This growth in attributed to the increasing penetration of corporate offices, retail outlets as well as luxury hotels in UAE and Saudi Arabia.
• Epoxy resins is set to witness a CAGR of 4.5% from 2017 to 2025 in terms of revenue in MEA region, on account of its application in construction of luxury residences, hotels, resorts and urban corporate offices.
• Key vendors include BASF, SABIC, DOW chemicals,Sinopec., ExxonMobil, DuPont, Ineos,LyondellBasell Industries, Mitsubishi Chemical Corporation, LG Chem, AkzoNobel, Mitsui Chemicals, Forbo Holding, Toray Industries., PPG Industries, Tremco Inc, RPM International Inc, Stonhard Inc, Huntsman Corp and Borealis.AG
• In June 2016, Dow Chemical Company completed the strategic ownership of Dow Corning and its silicone business. The ownership is likely to improve new chemistry and enhance existing technology to Dow as well as extending its participation in Consumer, Infrastructure, transportation, packaging and electronics. Dow Corning will operate as a wholly owned subsidiary of Dow, and will be headquartered with Dow in Midland, Michigan.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-construction-flooring-chemicals-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