Oxidized Polyethylene Wax Market Size Worth $446.4 Million By 2025

The global oxidized polyethylene wax market size is projected to reach USD 446.4 million by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.7% during the forecast period. The growth is majorly driven by rising demand for product in coatings and rubber processing industries.

Asia Pacific is the largest consumer of oxidized Polyethylene (PE) wax with China holding the highest market share. Growth of automotive industry has led to high demand for tire production which is yet another key market driver. However, companies such as Braskem have been successful in the production of bio-ethylene which have the same chemical and physical properties as that of fossil fuel derivatives.

Growing paints and coatings industry in Asia Pacific has been showing increased demand for the product, especially in countries such as China and India. Moreover, continuous efforts taken by China to develop shale gas will be a decisive factor for the region to benefit from lower raw material prices.

Polyethylene wax and oxidized polyethylene wax are both used in paints and coating applications. The advantage of Oxidized PE wax over its precursor is, it emulsifies more easily in water when added with an emulsifying agent. Moreover, oxidized waxes are typically cationic in nature and chemically more stable. In coating applications, oxidized PE wax is used in temporary protective coatings, wood finishes, textile, glass, leather, fruits, paper, and chlorinated rubber coating.

Ethylene is the major raw material used for manufacturing oxidized polyethylene wax and it finds high demand in various application segments. Since the past few years, increasing capacities of petroleum refineries and manufacturers of petroleum products have been insufficient to meet the parallel increase in product demand across end-use industries, and hence it has created supply demand gap in the market.

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https://www.grandviewresearch.com/industry-analysis/oxidized-polyethylene-wax-market

Further key findings from the report suggest

High density PE (HDPE) wax is the dominant product owing to its properties such as low viscosity, good hardness and high softening point, and compatibility with various substrates
Asia Pacific countries are the largest consumers of ethylene with growing consumption into construction, packaging, and automotive sector. Demand in packaging applications is dominating over others owing to characteristics of the product such as thermal resistance, corrosion resistance and lightweight
China is the largest paints and coatings market and is expected to grow irrespective of economic growth. Major automobile manufacturers are also shifting their bases to this country which is further anticipated to have a positive impact on the product consumption
Some of the key participants operating in the oxidized polyethylene wax market are Innospec, Clariant International AG, CNPC, BASF SE, Marcus Oil, Lubrizol, and Trecora Chemicals among others

Food Packaging Market Worth $456.6 Billion By 2027

The global food packaging market size is expected to reach USD 456.6 billion by 2027, expanding at a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc.. Growing demand for convenience food products due to change in lifestyle and alternative eating habits is expected to bolster the market growth.

The industry exhibits rapid growth for single-serve and portable food packs. Increasing purchasing power of buyers owing to rising per capita income is expected to boost the growth. Furthermore, increasing urban population and attraction toward ready-to-eat meals by consumers is expected to spur the demand for food packaging.

Rising concerns of consumers regarding contamination and food safety is predicted to bolster the demand for effective packaging solutions. In addition, increasing number of retail chains is anticipated to propel sales of packaged food, consequently driving the market growth. Surge in demand for food delivery services is also expected to have a positive impact on the industry.

Rising inclination toward innovation in environment-friendly and sustainable packaging is an emerging trend in the industry. Emergence of new and innovative packing types and technologies including Modified Atmosphere Packaging (MAP), active packaging, and, printing technologies are expected to boost the market across the globe. Players also insist on investing in development of cost-effective, lightweight, and high performance materials.

The food packaging industry is expected to be restrained by high volatility observed in prices of raw materials. In addition, introduction of sustainable packaging materials by major manufacturers and increasing consumption by buyers, are expected to provide an impetus to the market over the next few years.

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https://www.grandviewresearch.com/industry-analysis/food-packaging-market

Further key findings from the report suggest:

Flexible packaging is expected to register the highest CAGR of 6.0% in terms of revenue from 2020 to 2027, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
Paper and paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.1% from 2020 to 2027, owing to its low cost and sustainability parameters
Bakery and confectionary is anticipated to be the largest application, which recorded a market size of USD 82.6 billion in 2019 owing to growing demand for cakes, candies, and frozen ready-to-eat bakery products
The market in Asia Pacific is was worth USD 112.2 billion by in 2019. The region is anticipated to witness significant growth in near future on account of growing population, increasing urbanization, and rising disposable income of consumers
The food packaging industry is characterized by the presence of large number of players and is highly fragmented. Some of the key players in the market are Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC.

Titanium Dioxide Market Worth $28.19 Billion By 2025

The global titanium dioxide market size is expected to reach USD 28.19 billion by 2025 registering a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Rise in demand for paints & coatings due to expanding construction and automotive sectors across the globe will augment the TiO₂market growth over the forecast period. Growing automotive industry due to technological advancements in the sector coupled with rising demand for lightweight vehicles has also contributed to the industry expansion.

Lightweight materials used in the automotive industry contain specific amounts of carbon fiber, which is a cost- and fuel-efficient as it helps reduce the carbon footprint. These materials are malleable, remolded, and reshaped, which results in low-cost production. These factors are expected to boost the market growth in the next few years. The photovoltaic method converts solar energy into direct current electricity using materials, such as TiO₂and amorphous silicon. Energy generated from the solar PV is considered as sustainable energy and renewable source making it cost-effective.

The demand for electricity is increasing rapidly with the rising world population. In developing countries like China, India, Indonesia, and Malaysia, the demand for energy conservation is high due to urbanization and industrialization. Increasing demand for sustainable energy sources is expected to have a positive impact on the market in the next couple of years. Titanium dioxide particles have wide application scope due to their high stability, photocatalytic properties, and anti-corrosive nature and are manufactured from anatase. They are used in consumer products, such as sunscreens, and as components for articulating implants for the hip and knee.

These nanoparticles are also used as catalyst in semiconductor photocatalysis, water treatment plants, and as a photoactive material in nanocrystalline solar cells. Other applications in self-cleaning tiles, textiles, windows, and anti-fogging car mirrors are expected to support the market growth over the forecast period. However, dust particles of the product are grouped under 2B carcinogens by IRAC. Thus, stringent regulations are projected to have a negative impact on the market growth.

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https://www.grandviewresearch.com/industry-analysis/titanium-dioxide-industry

Further key findings from the study suggest:

In terms of revenue, paints & coatings is anticipated to be the largest application segment reaching at USD 16.40 billion by 2025
On the other hand, the plastics application segment is anticipated to register the highest CAGR of 9.3% from 2019 to 2025
Asia Pacific is anticipated to be the largest and fastest-growing regional market over the next few years
In terms of revenue, Middle East & Africa is also anticipated to witness a lucrative growth due to rising number of construction projects in the region
Some of the key companies in the global titanium dioxide market are Cristal Global; Kronos Worldwide, Inc.; Huntsman Corp.; The Chemours Company; and Tronox Limited

Injection Molding Machine Market Size Worth $22.45 Billion By 2025

The global Injection Molding Machine Market, estimated to develop by a 3.5% CAGR in forthcoming years. This molding machine is utilized to manufacture the products fabricated from diverse materials such as ceramic, rubber, metal and plastic. The machine comprises two most important parts known as clamping unit and an injection unit. The injection unit is similar to an extruder while the clamping unit is related to the process of the mold. Injection molding machines are able to tie up the molds either on the vertical or the horizontal position. These molding machines are available in three categories. These categories are all electric injection molding, hydraulic injection molding and hybrid injection molding machine. These machines offer a variety of advantages within the process for example greater amount of energy effectiveness, better accurateness and enhanced flexibility.

Growing requirement for long lasting and lightweight products, together with growing acceptance from packaging and automobile manufacturing industries is expected to motivate the development of the market for injection molding machine, in the forthcoming years.

Increasing significance of lightweight materials in automobile manufacturing is projected to increase the utilization of plastic materials in manufacturing of automobile components. Sequentially, it will motivate the global market for injection molding machine. Increasing industrial development, technical progression and fast growing population have increased the demand for automobiles in developing nations. These molding machines are used in manufacturing of under hood applications, exterior & interior decorative components and electronic sub assemblies.

Injection molding machines are able to manufacture well-organized packaging by way of extreme accuracy for composite and brittle products, comprising mobile phones, electronic goods and other items. Increasing demand for these products is projected to increase the development in global market for injection molding machines.

Various nations have started avoiding plastics, because of the growing heap of plastic garbage. This is a most important issue that restricts the development of the global market for injection molding machine.

Furthermore, the manufacturing of injection molding machines needs a huge investment. From the technological point of view, custom made machines have gained tremendous popularity among consumers thereby sufficing to their needs. This is turn increases the lead time for manufactures. Yet, the updated technology is able to meet up the demand and complete the necessity of the varied choices of the customers.

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https://www.grandviewresearch.com/industry-analysis/injection-molding-machine-market

Further key findings from the report suggest:

Asia Pacific is expected to direct the global market in forthcoming years. The region holds a principal share of the market since the past years. Taiwan, India and China are amongst the major markets that are expected to power the global industry of injection molding machine in forthcoming years. Foreign direct investment (FDI), fast speed of urban development and increasing population in rural and city areas have boosted the local demand for electronics, consumer products and automobile manufacturing.
The U.S.A is one of the most important consumers in the global market for injection molding machine as automobile industry enormously generates the majority demand for these molding machines.
Some of the companies for Injection Molding Machine Market are: Husky Injection Molding Systems Ltd., Milacron Holdings Corp., Sumitomo (SHI), Haitian International Holdings Limited, Arburg GmbH & Co. KG, Nisei Plastic Industrial Co. Limited, Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited and Engel Austria GmbH.

Fermentation Chemicals Market Size Worth $85.77 Billion By 2025

The global fermentation chemicals market size is projected to reach USD 85.77 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.6% during the forecast period. Rapid industrialization in the BRICS nation is expected to remain a key growth driver.

Energy, plastics, pharmaceuticals, and food and beverage are some of the manufacturing sectors where fermentation chemicals are used widely. Rising demand for Polytrimethylene Terephthalate (PTT) acts as a major driver for rising product consumption in plastic manufacturing. PDO and lactic acid are anticipated to be the principal beneficiaries of this strong growth, though other fermentation chemicals are expected to benefit, as the market for biodegradable plastics expands.

Brazil, Russia, India, China, and South Africa (BRICS) has witnessed high production industrial growth, directly impacting demand for fermentation chemicals. These markets registered high industrial production growth over the period and remain one of the fastest-growing industrial regions across the globe. Major growth drivers for the manufacturing sector in these markets include favorable foreign investment norms, availability of large pool of skilled labor, and technological know-how.

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https://www.grandviewresearch.com/industry-analysis/fermentation-chemicals-market

Further key findings from the report suggest:

Alcohol was the largest product segment, with a market share of over 50% in 2018. Increase in use of alcohols in industry application is expected to trigger the demand
Plastics and fibers is anticipated to witness the fastest CAGR of 5.6% from 2019 to 2025 owing to rising demand for bio-degradable plastics
Using green chemistry to manufacture of fermentation chemicals is the most efficient and practical way of reducing greenhouse effect. The Environmental Protection Agency (EPA) and the European Union have established stringent regulations which are expected to positively propel the product demand due to its environment-friendly properties
Germany was one of the major countries in Europe with a global market share of around 11% to 12% in 2018. The demand is driven by technological advancements in chemical manufacturing accompanied with an increasing focus on development of biodegradable plastics
Some of the key players in the fermentation chemicals market include The Dow Chemical Company; Evonik Industry; Cargill Inc.; Archer Daniels Midland; BASF SE; DuPont Danisco A/S; and Ajinomoto.

Kaolin Market Size Worth $5.66 Billion By 2027

The global kaolin market size is projected to reach USD 5.66 billion by 2027, expanding at a 3.3% CAGR based on revenue, over the forecast period, according to a new report published by Grand View Research, Inc. Kaolin is used as a filler or a coating material and hence, rising demand for paper from the packaging industry is likely to propel the growth.

Kaolin in paper products enhance smoothness and appearance, increase brightness and printability, and reduce abrasion. Paper, being an eco-friendly and easily recyclable solution, is widely used in industries such as packaging and print media in the form of paper boards and gloss papers. Rising awareness along with stringent regulations regarding environmental pollution caused by non-biodegradable packaging is likely to drive the demand for paper packaging, which in turn is anticipated to augment market growth in the forthcoming years.

However, downturn in paper sector of North America region is expected to restrain growth of the kaolin market over the forecast period. Continuous shift toward digital media platforms for news, advertisements, and marketing has adversely affected the demand for newsprint media in North America over the past few years. In addition, availability of efficient substitutes, such a Ground Calcium Carbonates (GCC) and Precipitated Calcium Carbonates (PCC) that can replicate the properties of kaolin at a lower cost may hinder the product demand to a certain extent.

In Asia Pacific, factors such as expanding population and rising consumer standard of living are anticipated to increase the need for houses, thus propelling the construction industry. The rising construction industry directly impacts the growth of the ceramic industry. According to the Ceramic World Web, in 2018, the regional ceramic tile production accounted for 68.6% of the global production. The high regional production of ceramic tiles is anticipated to drive the demand for kaolin in the forthcoming years.

BASF SE, Imerys S.A., KaMin LLC, LB MINERALS Ltd., Sibelco N.V., and Thiele Kaolin Company are the key market players. Most of the players focus on increasing the kaolin prices to ensure long term business sustainability. The kaolin manufacturers increased in prices by 5% to 9% in 2018 for different applications. For instance, in August 2018, BASF SE increased kaolin prices by 5% for paper and thermal applications.

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https://www.grandviewresearch.com/industry-analysis/kaolin-market

Further key findings from the report suggest:

Paper segment is anticipated to expand at a CAGR of 2.6%, in terms of revenue over the forecast period owing to the increasing demand for paper boards from the packaging industry
Ceramics is projected to witness a CAGR of 4.0% in terms of volume over the forecast period owing to increasing production of ceramic tiles to meet the rising demand from the construction industry, especially from U.S, China, and India
Cosmetics is among the segments witnessing rapid growth, in terms of volume, over the forecast period and accounted for a market share of 1.1% in 2019. The growth is attributed to the increasing consumer disposable income along with the rising demand for skin care products
Asia Pacific is anticipated to expand at a CAGR of 3.5% in terms of volume over the forecast period owing to the rising demand for kaolin-based products from construction, automotive, and packaging industries
Europe is expected to witness a CAGR of 2.7% in terms of revenue over the forecast period as it is among the largest regions for the paper industry and ceramics industry

TPU Films Market Size Worth $548.10 Million By 2025

The global thermoplastic polyurethane films market size is anticipated to reach USD 548.1 million by 2025 expanding at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Increasing healthcare spending coupled with growing automotive sector is projected to drive the market. Asia Pacific is the dominant regional market due to the strong presence of major companies, such as Huntsman, Nippon, and Lubrizol, with large production capacities. Asia Pacific is also the leading consumer of TPU films due to growing automotive, construction, and energy sectors.

Major manufacturers based out of North America and Europe have set up wide distribution networks in developing countries by acquiring regional companies. This is also likely to have a positive impact on the region’s growth. Moreover, reduced reliance on export to Western Europe and North America is projected to increase the investments and trade in the local markets of Asia Pacific. Availability of cheap labor and easy access to finance are also likely to support the domestic market growth.

In addition, growing population and rising income levels are anticipated to fuel the development further. Rising global aniline prices have impacted the profitability of TPU films producers as there is intense competition in the global market. Due to the presence of a large number of suppliers, buyers have the advantage of low switching cost; therefore, manufacturers cannot afford to lose out on their customers and in the process jeopardize their profitability. Bio-based alternatives of TPU are capable of replacing the synthetic (petroleum-based) TPU.

Bio-based TPUs are widely used in almost every end-use industry where synthetic product is being used. Bio-based films provide a clean solution to the growing demand for Thermoplastic Elastomers (TPEs). Wearables in the medical field are expected to provide many opportunities over the coming years. As per the data published by DuPont, conductors, printed on TPU films show good results. Increasing healthcare spending coupled with rising awareness are likely to assist the market growth of wearable technology, thereby developing new opportunity for the product.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tpu-films-industry

Further key findings from the study suggest:

Automotive is anticipated to be the largest application segment of the TPU films market during the forecast period on account of growing demand for vehicles
Aerospace is also predicted to witness a steady growth due to increasing demand from emerging countries, such as China and India
Asia Pacific was the second-largest regional market and accounted for 29.6% of revenue share in 2018 owing to the rapid development of automotive and construction sectors in the region
The 3M Company, Bayer Material Science, Huntsman Corp., Permali Gloucester Ltd. are the major companies in the global market
Most of these companies emphasize on their R&D activities for novel product development