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.

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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)

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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.

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