Plastic Compounding Market Size Worth $104.41 Billion By 2027

The global plastic compounding market size is projected to reach USD 104.41 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.5% during the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under hood components. Maximum application of plastic compounding in under hood components in the automotive industry, building interior and exteriors in construction and infrastructure industries, and in electronics, durables, and wire and cable industries is anticipated to further fuel the growth.

Polyethylene Terephthalate (PET), is the plastic used for manufacturing bottle containers used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and in turn is anticipated to drive the growth of the market for plastic compounding over the forecast period.

Asia Pacific was the leading revenue generator for PET compound segment in 2019. Ever-increasing demand for beverages-mainly carbonated beverages and nutritional drinks-is anticipated to drive the regional consumption of PET compound. This trend is favored by rise in population, changing lifestyle, and emergence of domestic beverage manufacturers. Presence of large pool of contract bottlers in the region shall also impact the scope of packaging application in Asia Pacific.

Traditionally, construction industry has been a major consumer of plastics with the product application ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance to their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds, and form a very crucial aspect of building materials.

Developing countries, such as Mexico are expected to benefit from rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior from considering cars as luxuries to necessities are also significant factors anticipated to positively impact the plastics sector and drive compounding activities in the region.

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https://www.grandviewresearch.com/industry-analysis/plastic-compounding-market

Further key findings from the report suggest:

In terms of revenue and volume, polypropylene is the most consumed plastic compounding product. The rise in its production can be attributed to high demand from packaging and medical device industries across the globe
Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive growth in electronics and electrical industry
Construction is the leading application segment for polyethylene compounds with the segment accounting for a mass application globally
Major plastic compound manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position
Key players operating in the plastic compounding market include BASF SE., LyondellBasell Industries, N.V., and The Dow Chemical Company

Portable Toilet Rental Market Worth $24.70 Billion By 2025

The global portable toilet rental market size is expected to reach USD 24.70 billion by 2025 registering a CAGR of 7.30%, according to a new report by Grand View Research, Inc. Rising concerns about proper hygiene and sanitation in emerging region like Asia Pacific is the key factor driving the market growth. Moreover, rise in the demand for cost-effective and low-maintenance portable toilets on account of rapid urbanization and expanding construction sector in Asia Pacific will boost market growth.

In addition, strict regulations and heavy investments by the governments across the globe to provide proper sanitary units is fueling the demand for portable toilets. Thus, increasing number of installations of portable toilets in public areas, such as parks and streets, is likely to augment the market growth. Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market over the forecast period. Led by Germany and France, Europe is also estimated to witness a significant growth in future.

Major companies in the market have undertaken several strategies, such as product development, mergers and acquisitions, marketing campaigns, etc. to gain a higher market share. For instance, Sanitech acquired Rent-A-Toilet’s Namibian operations. Some of the prominent companies in the market include Sanitech; Satellite Industries; ADCO International; B&B Portable Toilets; Camco Manufacturing, Inc.; PolyJohn Enterprises Corp.; Shorelink International; NuConcepts, and ARMAL, Inc.

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https://www.grandviewresearch.com/industry-analysis/portable-toilet-rental-market

Further key findings from the study suggest:

The luxury portable toilets product segment is projected to ascend at the fastest CAGR of 8.41% over the forecast period
The construction application is estimated to be the largest segment accounting for a share of more than 55% by 2025
Asia Pacific was the dominant regional market in 2018 and is projected to expand further at the maximum growth rate from 2019 to 2025
The region’s growth can be attributed to the increasing disposable income levels in emerging countries, such as India, South Korea, and China

Intumescent Coatings Market Worth $1.31 Billion By 2025

The global intumescent coatings market size is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. Extensive usage of passive fire protection for steel structures used in offshore and onshore extraction and purification and refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in Asia Pacific is expected to propel demand over the forecast period. The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and high bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation will also hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next nine years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea. Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry

Further key findings from the study suggest:

Water-based coatings is expected to be the fastest-growing technology segment of the global intumescent coatings market from 2019 to 2025
Oil & gas end-use segment held the largest share of the market in 2018 and is expected to continue its dominance over the forecast period
Asia Pacific was the largest market in 2018 and is projected to expand further at the highest CAGR during the forecast years
Cellulosic is projected to be the largest, as well as the fastest-growing, application segment over the next few years

Thermoplastic Elastomer Market Size Worth $19.76 Billion By 2022

The global thermoplastic elastomers market, estimated to witness a high CAGR in forthcoming years. These Elastomers have material belongings of rubber and thermoplastics that are supple and soft. These can be treated with universal method of thermoplastic. These methods are blow molding, extrusion, and injection molding. The Thermoplastic Elastomers become plastic whenever it is exposed to temperature and become elastic once it is cooled down. As a result of cross connection between materials and the elements, Thermoplastic Elastomers is produced. These Elastomers consists of a variety of properties that create it additionally better than PVC and rubber, for example it possesses a short cycle, have thermal steadiness, it is completely eco-friendly, uses less energy, simple to process. Also it is compliant for color special effects along with dying.

Growing utilization through numerous applications for example construction, consumer goods, electronics and footwear is influential in the development of the global market for Thermoplastic Elastomers in previous years. Growing demand from automobile components manufacturing industry is projected to be the most important factor motivating the development of the global market for Thermoplastic Elastomers in forthcoming years. The ecological organizations are heading for lessening the carbon discharge by way of increasing the fuel efficiency of vehicles. This has enforced main automobile original equipment manufacturers to include plastics such as the alternative for alloys and metals used in the manufacturing of automobile components.

Growing inclination of customers for light weight and better performing passenger cars is motivating the improvement of plastic components, which can be used in the manufacturing of automobiles, that helps in reducing the weight of the vehicle. These factors have augmented the utility of thermoplastic in the field of automobile manufacturing. As compared to Thermoset plastics the Thermoplastic Elastomers show better chemical and physical properties that add to the popularity of application

Asia Pacific market for Thermoplastic Elastomers is the biggest as Japan, China and India are the foremost consumers in the region. Greater progress of automobile manufacturing and construction industry in India and China, together with growing manufacture of electronic commodities and footwear in Southeast Asia is projected to additionally motivate the demand for these Elastomers in Asia Pacific in forthcoming years.

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https://www.grandviewresearch.com/industry-analysis/thermoplastic-elastomers-market

Further key findings from the report suggest:

The demand for Thermoplastic Elastomers in North America is principally motivated due to the policies adopted by Environmental Protection Agency (EPA) to support recyclable products along with growing usage of these Elastomers in medicinal apparatus, automobiles, construction and leisure & sports equipment manufacturing
Some of the companies for Thermoplastic Elastomers Market are: LyondellBasell, Kraton Polymers, Sinopec and Dow Chemical Co
Additional significant companies are: LG Chemicals, Kuraray, Huntsman Corporation, Dynasol, BAYER, A. Schulman, Inc., LCY Chemical, Exxon Mobil Corporation, E. I. du Pont de Nemours and Company, Berkshire Hathaway, and BASF

Metal Cutting Machine Market Size Worth $9.79 Billion By 2025

The global metal cutting machine market size is expected to reach USD 9.79 billion by 2025, accordingto a new report by Grand View Research, Inc. increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand.

Automotive segment held the largest market share in 2016 owing to a wide-scale usage of the product in wide range of exterior and interior components of automotive such as passenger cars, SUV’s, and HUV’s. The robust growth in automotive industry across the world is further driving the segment growth. MCMs are witnessing an increasing demand, which is anticipated to spur at a faster pace on account of the rising need for advanced automatic machines to increase production efficiency and avoid operator’s hazardous issues.

Laser machine accounted as the largest product segment in 2016 and is anticipated to grow significantly over the upcoming years. Laser machines are extensively used for industrial manufacturing applications to produce high-quality surface finish objects. It is widely used in the shipbuilding and aerospace manufacturing process.

In marine industry, these machines are extensively used by the industry players for ship repair and fabrication of equipment. It consists of patrol boats, aircraft carriers, tankers, luxury liners, tugs, barges, large seagoing vessels for containers, and other cargo ships. Cutting machines are used to cut parts for hatches, skin of the vessel, block parts, stiffener plates, drains, the skeleton, and pipes.

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http://www.grandviewresearch.com/industry-analysis/metal-cutting-machine-market

Further key findings from the report suggest:

The global metal cutting machine demand was USD 5.99 billion in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025. Automotive emerged as the largest application segment in 2016 and is expected to grow at a predicted CAGR of 6.5% between 2017 and 2025.
Global demand for flame cutting machine was USD 333.7 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in defense & aerospace segment was USD 511.1 million in 2016 and is projected to grow at rate of 4.2% from 2017 to 2025
The metal cutting machine market in Asia Pacific is projected to experience substantial growth over the next eight years owing to robust growth in various application industries, especially in the automotive and defense & aerospace market. In terms of revenue, the APAC market is expected to grow at a CAGR of 6.7% between 2017 and 2025
Key players including Lincoln Electric Holdings, Inc., TRUMPF GmbH + Co. KG, Nissan Tanaka Corporation, Bystronic Laser AG, and Koike Aronson, Inc., dominated the global market.

Polyurethane Market Size Worth $105.2 Billion By 2025

The global polyurethane market size is expected to reach USD 105.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.0% CAGR during the forecast period. Rising awareness regarding resource conservation and optimum manufacturing processes and low labor costs in developing countries are factors estimated to fuel overall market demand through 2025.

Growing demand for bio-based polyurethane (PU) as well as demand for innovation and sustainability are key factors driving the industry. Rising government interferences in order to reduce greenhouse gas (GHG) emissions are also estimated to have a positive impact on overall market growth.

Developed countries such as U.S., Canada, Germany, and U.K. have reduced carbon dioxide emissions over the past few years owing to increasing environmental concerns. The U.S. EPA and National Highway Traffic Safety Administration have issued regulations under the Energy Policy and Conservation Act to enhance fuel efficiency of vehicles and reduce carbon emissions.

Prominent players are incorporating bio-based PU to reduce reliance on conventional petrochemical derived PU and reduce the risks associated with it. Geographically, Asia Pacific emerged as a leading regional PU market in 2018 whereas Europe and North America are estimated to exhibit moderate growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

Further key findings from the report suggest:

By product, the flexible foam segment accounted for the largest revenue share of 26.6% in 2018 owing to rising use as a cushioning material for furniture, bedding and mattresses, seating, and other soft products in several end-use industries
The elastomers segment is estimated to grow at the fastest pace over the forecast period owing to introduction of PU elastomers with intrinsic, self-healing properties that restore product appearance despite any damage. These are estimated to revolutionize the industry and boost segment share
Based on application, the construction sector accounted for the largest polyurethane market share in 2018 and is estimated to exhibit a revenue-based CAGR of 6.8% in the upcoming period owing to rapid industrialization in developing countries and its excellent insulation properties
The automotive sector is estimated to register steady growth over the forecast period owing to high mechanical strength, durability, and lightweight properties to reduce vehicle weight
Companies such as BASF and Shepherd Chemical Company have introduced novel products, technologies, and applications for PU, which is expected to revolutionize the industry over the forecast period.

Polyvinyl Chloride Market Size Worth $79.11 Billion By 2020

The global polyvinyl chloride market size is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc. increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global polyvinyl chloride (PVC) demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry. Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

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http://www.grandviewresearch.com/industry-analysis/polyvinyl-chloride-pvc-market

Further key findings from the study suggest:

Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

Acoustic Insulation Market Size Worth $16.55 Billion By 2025

The global acoustic insulation market size is expected to reach USD 16.55 billion in 2025, according to a new report by Grand View Research, Inc. Increasing standard of living, awareness regarding the effect of noise pollution on human health and stringent regulations have been driving the global market so far.

Market growth will probably be driven by consumer needs and initiatives, while favorable regulations are also expected to play a crucial role in shaping the industry. Technological advancements in construction, industrial processing, and transportation industries will play a significant role in acoustic insulation market growth over the forecast period.

Increasing competition in automotive manufacturers to produce acoustically insulated luxury vehicles has taken the game far ahead. Aerospace and marine industries have been trying to isolate occupants from airborne and impact noises. Consumer demand for quieter and insulated cabins in vehicles and airplanes will probably help the segment growth over the forecast period.

Building & Construction has traditionally been using sound insulating materials to maintain a peaceful environment for the occupants. Penetration in the sector is primarily driven by regulatory mandates to control noise transmission level, especially in the U.S. and Europe. However, sluggish construction industry growth in Europe has inhibited the market growth in the past and the impact is expected to be seen over the forecast period as well.

Asia Pacific is the dominant market, and the demand has been driven by growing construction as well as transportation sectors. Europe closely follows Asia Pacific to be the second largest market for acoustic insulation products. Regional demand is driven by stringent regulations regarding the airborne, appliance and impact noise. Apart from regulations on noise at source, EU regulates noise transmission levels inside dwellings as well.

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http://www.grandviewresearch.com/industry-analysis/acoustic-insulation-market

Further key findings from the report suggest:

Rock wool emerged as the leading product segment with demand share exceeding 40% in 2015. Higher sound insulation, environment-friendly nature, and low prices have been responsible for the market penetration.
Foamed plastic is expected to be the fastest growing product segment with revenue growth of 6.2% from 2016 to 2025. Better acoustic properties, ease of installation in addition to the dual benefits of acoustic as well as thermal insulation offered are expected to trigger the product demand.
Building & construction dominates the market with a volume share exceeding 55% in 2015. Regulations and consumer demand mainly drive segment penetration.
Asia Pacific acoustic insulation demand expected to grow at an estimated CAGR of 6.2% from 2016 to 2025. Growing transportation as well as construction sectors in the region will probably trigger the market growth.
Expansion and acquisition to emerge as the critical factor for expanding the regional presence. Key companies operating the market include Rockwool International, Saint-Gobain, Knauf Insulation, BASF, Owen Corning Corporation, Johns Manville and Kingpan Group

PET Compounding Market Size To Reach $7.82 Billion By 2024

The global polyethylene terephthalate (PET) compounding market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth.

Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.

Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.

Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.

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http://www.grandviewresearch.com/industry-analysis/polyethylene-terephthalate-pet-compounding-market

Further key findings from the study suggest:

The global polyethylene terephthalate (PET) compoundingmarket demand was over 2,000 kilo tons in 2014 and is expected to exceed 3,500 kilo tons by 2024, growing at a CAGR of 6.9% from 2016 to 2024
Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market
Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation
Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production
China accounted for nearly half of the Asia Pacific compounding volume in 2015. The country is characterized by high demand for PET compounds in packaging & electronic applications
BASF and Avantium Dutch technology firm formed a joint venture company to focus on polyethylene furanoate (PEF) and furandicarboxylic acid (FDCA), a bio-based polymer to replace polyethylene terephthalate
Polyethylene terephthalate (PET) compounding market is highly fragmented among multinational players and small domestic companies
Key industry participants in the market include Dow Chemical Company, RTP Company, SABIC, LyondellBasell, BASF SE, DuPont, SRF Plastics, A. Schulman, Polyvisions, Covestro, Washington Penn Plastics and PET Processors LLC

Expanded Polystyrene Market Size Worth $13.66 Billion By 2027

The global expanded polystyrene market size is projected to reach approximately USD 13.66 billion by 2027, according to a new report conducted by Grand View Research, Inc. It is expected to register a revenue-based CAGR of 4.8% during the forecast period. High number of millennials and nuclear families along with increasing disposable income is anticipated to positively impact the consumption of single use expanded polystyrene (EPS) containers provided by food outlets and takeaway stations. These factors are expected to significantly drive the EPS market.

In addition, innovation in automotive sector including light weight and fuel efficient car manufacturing is anticipated to propel to the demand for expanded polystyrene over the forecast period. The demand for EPS in packaging industry is projected to expand at a CAGR of 4.9% from 2020 to 2027. High rate of manufacturing capabilities across developing nations, rising exports, and future growth in high rate of e-commerce business are some of the factors projected to continue driving the demand for packaging products over the next nine years, which in turn is anticipated to fuel the EPS market.

The rise in inward migration in regions like Europe and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel the demand for expanded polystyrene over the projected period. Rising awareness regarding green building and encouragement from governments for its adoption is anticipated to fuel the demand for EPS in the forthcoming years.

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https://www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market

Further key findings from the repot suggest:

Demand for EPS in North America will surge in accordance with growth in automotive and packaging sector. Mature markets such as U.S. have expanding client request, greater interest in terms of innovations, as well as implementation of designs, which is anticipated to further drive the growth
Middle East and Africa is expected to witness significant rise in demand with rising focus on exports of apparels, citrus fruits, foodstuffs, electronic equipment, and jewelry
White EPS demand will increase over the projected period as emerging markets are investing on developing manufacturing and packaging plants for global and domestic trade
Grey EPS is set to witness a CAGR of 4.5% from 2020 to 2027 in terms of revenue on account of its application in construction of residential buildings. The properties of insulation derived from graphite mixed expanded polystyrene is a key driver for its growth
Some of the key players operating in the expanded polystyrene market are BASF, SABIC, DOW chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies