Tag: Electrical

Southeast Asia Plastic Compounding Market Worth $6.7 Billion By 2026

The Southeast Asia plastic compounding market size is anticipated to reach USD 6.7 billion by 2026, accelerating at a CAGR of 8.9% from 2019 to 2026, according to a new report by Grand View Research, Inc. Rapidly developing construction and automobile markets are anticipated to drive the demand for interiors, exteriors, and underhood components. Major application areas of plastic compounding involve underhood components in the automotive industry, building interiors and exteriors in construction and infrastructure industries, and in electronics, durables, and wire and cable industries.

The market for plastic compounding in Southeast Asia is likely to be driven by the increasing demand for compounded products in automotive, building & construction, electrical & electronics, packaging, consumer goods, industrial machinery, medical devices, and optical media applications. Regulatory intervention to reduce gross vehicle weight to improve fuel efficiency and ultimately reduce carbon emissions have driven automotive OEMs to adopt compounded plastics as a substitute to metals for fabricating automotive components.

Optical media is anticipated to be the fastest-growing application segment by 2026 both in terms of volume and revenue in Southeast Asia market. Due to their superior properties and moldability, compounded plastics are being used as a replacement for metals and other engineering plastics. They are also widely utilized in automotive applications with their scope extending from interior components to exterior parts. This aids in reducing the overall vehicle weight and increasing fuel efficiency, while maintaining quality standards.

Over the past few years, there has been a considerable demand for plastic compounding with the end product being used as a replacement for metals and alloys across various industries such as automotive, industrial machinery, and consumer goods. The compounding industry’s criticality lies on technology as the ever-increasing requirement of end users, in terms of product specification and versatility, gradually tends to overshadow consumption dynamics. Other factors, such as feedstock availability, production processes, and sociopolitical events, also have a significant impact on industry trends.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/southeast-asia-plastic-compounding-market

Further key findings from the report suggest:

  • Polypropylene (PP) segment occupied the largest revenue share in 2018 and is projected to continue to be the largest segment in the Southeast Asia market over the forecast period
  • Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the demand for products formed through compounding process in electronics & electrical industry
  • The automotive segment accounted for 24.2% of the Southeast Asian market in 2018, in terms of revenue, and it is projected to grow at a CAGR of 9.1% over the forecast period
  • Indonesia dominated the market for plastic compounding in the Southeast Asian region in 2018 both in terms of volume and revenue and is expected to continue its domination over the forecast period
  • Key players include in Southeast Asia plastic compounding market are BASF SE, SABIC, LyondellBasell Industries N.V., Kraton Polymers Inc., RTP Company, The 3M Company, Teijin Plastics, among others.

Germany Consumer Appliances Market Worth $20.8 Billion By 2025

The Germany consumer appliances market is expected to reach USD 20.8 billion by 2025, according to a new report by Grand View Research, Inc. This report includes a detailed market analysis of the Germany household appliances market and market shares of major domestic appliances and minor domestic appliances. The report also covers different factors that have led to the growth and decline in this market space along with a brief market snapshot.

Germany is considered a matured and a developed market in the household appliances industry. Germany has been the focal point of development in the European region in terms of innovation and considering the requirements of the consumers. The sales of these household appliances in the German market depends upon the trade deals for the remodeling and renovation of houses, or exchange and upgradation of older household appliances.

The technical and mechanical advancements in the home appliances products have contributed towards enhancing the way of life of individuals in Germany. A wave of change in the use of these products can be seen because of the increasing disposable income of German citizens and the fast urbanization patterns occurring in different parts of the world.

Under consumer appliances industry, the household appliances, also known as white goods has been segmented into two major parts, Major domestic appliances and minor domestic appliances. This classification is based on the utility of the appliances such as cooling, cooking, heating and cleaning. For instance, refrigeration appliances, washing appliances (clothes washers, dryers, and others), room comfort (cooling systems, room warmers, fans, dehumidifiers and others), water heaters, cleaning appliances (vacuum cleaners, dish cleaners and others) and entertainment appliances and machines (TVs, Laptops, smartphones and others).

The small household appliances such as blenders, toasters, mixers, and hotplates also support the growth and development of the overall home appliances industry in Germany but at a slow pace.

The Germany household appliances market has additionally been fragmented based on the distribution channel into E- retailers, departmental stores, Hypermarkets, supermarkets, and others. Although e retailers and departmental stores have been mostly used by the buyers, the e commerce business is relied upon to be the quickest developing distribution channel in the coming future. Web based business is the main driving force for the household appliance purchases. This, in blend with creative credit plans, Discounts and offers is making the procurement of household appliances less demanding for middle incomed people.

The significant players in the home appliances market in the Germany are Haier Electronics Group Co. Ltd, Whirlpool, Electrolux AB, LG Electronics, Panasonic Corporation, Samsung Electronics, Arcelik A.S and Gorenje Group to name a few.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market

Further key findings from the report suggest: 

  • The German household appliances market is growing at a CAGR of 1.3% and is expected to reach USD 20.8 billion by 2025. Major reasons behind the growth being, recovery of European economy and influx of smart appliances in the market.
  • By 2025, under the product segment, major household appliances are expected to reach a value of USD17.6 billion. This can be attributed to the growing purchasing power of the consumers in Germany.
  • The minor domestic appliances market is expected to reach USD 3.2 billion by 2025 with a CAGR of 0.8% during the forecast period.
  • The Germany household appliances market currently represents approximately 23% of the total European household appliances market.
  • Among the distribution channels, E-retailers like Amazon and Otto are growing the fastest at a CAGR of 1.6% followed by departmental stores like Aldi and Metro progressing at a CAGR of 1.5% during the forecast period.
  • Out of the many commercial players in this market space, the big players who are going to enjoy major market share are, Whirlpool, Electrolux AB, LG Electronics, Panasonic Corporation, Samsung Electronics, Arcelik A.S and Gorenje Group.

Silver Nanoparticles Market Size Worth $2.54 Billion By 2022

Global silver nanoparticles market size is expected to reach USD 2.45 billion by 2022, expanding at a CAGR of 17.5%, according to a new study by Grand View Research, Inc. Rising demand for antimicrobial materials in healthcare applications is expected to drive market over the forecast period. Development of high-end electronics coupled with growing demand for gadgets is expected to promote silver nanoparticle market growth over the next seven years.

Healthcare was the largest application segment, accounting for over 30% of global market revenue in 2014. Growth of the healthcare market on account of growing consumer awareness regarding general well-being, increasing geriatric population and rise in disposable income is expected to augment market. Increasing demand for antimicrobial textiles on account of rising consumer awareness regarding hygiene is anticipated to stimulate market growth.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/silver-nanoparticles-market

Further key findings from the study suggest:

  • Increasing application scope of silver nanoparticles in transparent conductors, which are widely used in touch screens, LED & OLED display and lighting coupled with growing demand for high-end gadgets is expected to drive market growth
  • North America dominated the global silver nanoparticles market in 2014 accounting for over 35% of the market in terms of volume and the trend is anticipated to continue over the forecast period. Rising awareness regarding prevention of hospital acquired diseases is expected to play an important role in promoting silver nanoparticles use in medical devices & equipment and textiles
  • Increasing application scope of silver nanoparticles in children’s toys in order to reduce spread of diseases by minimizing surface antimicrobial activities is expected to open new opportunities for market growth over the forecast period
  • Emergence of nanofinished textiles for odor control and curb growth of infection causing bacteria is expected to propel market demand
  • Presence of stringent regulatory framework, particularly in North America and Europe, is anticipated to hamper silver nanoparticles market. Furthermore, numerous studies have been undertaken to ascertain harmful effects of nanosilver to the environment, which is further anticipated to restrain market growth.
  • Key players present in the global silver nanoparticle market include Emfutur Technologies, Meliorum Technologies Inc, Nanoshel, NanoHorizons and Cline Scientific AB. The market is characterized by companies developing proprietary manufacturing technologies. For instance, Cima Nanotech developed SANTE (Self Assembling Nanotech Technology), an innovative self-assembling coating material.