Polyphenylene Sulfide Market Size Worth $2.14 Billion By 2025

The global polyphenylene sulfide market size is expected to reach USD 2.14 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a CAGR of 8.8% during the forecast period. Several characteristics including high creep resistance, stiffness and strength, excellent temperature properties, and good chemical resistance are the key factors driving the PPS market growth.

The consumption of in automotive industries is projected to exhibit a significant growth owing to rising application in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. PPS is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment. This factor is anticipated to spur the product demand over the next few years.

Asia Pacific is anticipated to showcase substantial growth in light of rising living standard and increasing industrialization especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel expansion of the PPS market over the next seven years.

Growing demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks, and thermostats and switch components in emerging economies including India, China, Malaysia, and Indonesia owing to rising disposable income of consumers is expected to propel polyphenylene sulfide market growth.

Rising consumption in coating applications owing to the high heat resistance, chemical resistance, and excellent electrical properties of polyphenylene sulfide will augment the demand. Also, high consumption in non-stick cookware, food processing, and chemical processing equipment will stimulate product penetration over the next few years.

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https://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry

Further key findings from the report suggest:

In terms of revenue, electronics and electrical application is projected to ascend at a CAGR of 8.8% over the forecast years
Automotive application led the global PPS market with a volume share of over 31.8% in 2018
Industrial, constituting a revenue share of 24.5% in 2018, is projected to exhibit a high growth in the next few years
Asia Pacific led the global Polyphenylene Sulfide (PPS) market in 2018 with 62.1% volume share. This trend is projected to continue over the next few years
Growing aviation industry on account of increasing government investments in aerospace mainly in India, South Korea, Singapore, and Malaysia is further expected to propel the demand from aerospace market
The market is highly competitive in nature. The main players include DIC, Toray Industries, Tosoh Corporation, SK Chemicals, Daicel Corporation, SABIC, Teijin Ltd. and RTP Company
Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming application segments.

Alpha Olefin Market Size Worth $12.58 Billion By 2025

The global alpha olefin market size is projected to reach USD 11.5 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 4.8% CAGR during the forecast period. Increasing demand for polyethylene and synthetic lubricants is driving demand for these products.

Increasing polyethylene demand from various end-use industries is expected to remain a key driving factor for the global market. Surge in demand can be attributed to its easy processability, versatility, recyclability, and low cost of production. Growing population and increasing consumer spending, coupled with increasing industrial output in emerging markets of China, India, Brazil, and Mexico, have fueled polyethylene consumption.

Growing demand for polyalphaolefin in synthetic lubricants, because of its ability to protect engines from wear and tear damages, is also expected to fuel market growth over the forecast period. Synthetic lubricants exhibit high demand owing to increasing usage in industrial, automotive, marine, and aerospace industries. These lubricants are gaining wide acceptance due to its benefits such as reduction in oil consumption and increased thermal stability.

Increasing oilfield activities and petrochemical production in Middle East have propelled ethylene production, thereby assisting the growth of the alpha olefin market in the region. Major manufacturers are also aiming to shift their production base in MEA, owing to the abundant availability of raw material.

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https://www.grandviewresearch.com/industry-analysis/alpha-olefins-market

Further key findings from the report suggest:

By product, the 1-Hexene segment is anticipated to exhibit a revenue-based CAGR of 5.8% from 2019 to 2025. It is used in large quantities in the production of polyethylene, which is used in various end-use industries such as packaging, consumer goods, and automotive
By application, polyethylene production dominated the market in terms of revenue, with a share of over 53.0% in 2018 owing to growing need for lightweight, durable plastics. Infrastructural development in emerging countries such as China, India, and Brazil has boosted demand for high-density polyethylene (HDPE) pipes and cables
The U.S. alpha olefin market is anticipated to exceed 1,541 kilotons by 2025, owing to abundant availability of raw material, which has spurred industrialization in the country
Industry participants are focusing on developing new and sustainable products, along with various R&D activities to fulfill the demand stemming from local markets
Some of the key industry participants are Chevron Phillips Chemical Company LLC, Dow Chemical Co., ExxonMobil Corporation, and Petrochemicals (Malaysia) Sdn. Bhd.

Rigid Packaging Market Worth $848.71 Billion By 2025

The global rigid packaging market size is projected to reach USD 848.71 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% during the forecast period. Increasing demand for sustainable packaging is expected to augment the market over the forecast period.

Packaging is a process of protecting and enclosing goods for storage, distribution, and sale. Rigid packaging is a type of packing which is characterized by high stiffness, impact strength, and barrier properties. It is offered in several forms, including jars, containers, bottles, and cans.

Raw materials required for manufacturing of rigid packing include metals, paper & paperboard, glass, and plastic. Suppliers of these materials are present worldwide, making the market fragmented. Rio Tinto and Alcoa are some of the key suppliers of metals such as aluminum, while ArcelorMittal is the largest steel manufacturer in the world.

Final products are sold by distributors, retailers, and wholesalers. Major players in this stage include Packaging Supplies Ltd., Packing Suppliers of America, Paper Mart, and Packaging Centre. Some of the manufacturers have adopted integration wherein they sell the products through exclusive outlets.

Rigid packaging accounted for over 80.0% of the total packing industry in 2016. However, flexible packing offers more advantages as compared to rigid ones such as lightweight, energy savings, small pack size, ease of transportation & storage, and convenient disposal. Hence, the flexible packing market is expected to make inroads in the rigid packaging market in the coming years.

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

Further Key Findings from the Report Suggest:

In terms of materials, plastics dominated the market in 2015 and it is anticipated to witness a CAGR of 6.4% in terms of volume over the forecast period
Paper & paperboard is expected to register a CAGR of 7.1% in terms of revenue during the same period. Recyclability of the material has made it the most commonly used product in the industry
The personal care application segment is anticipated to rise at a CAGR of 6.3% in terms of revenue over the coming year due to increasing demand for personal care products
Asia Pacific is estimated to post a CAGR of 7.6% in terms of revenue from 2016 to 2025 due to increasing demand from China and India
In August 2016, Berry Plastics Group, Inc. acquired AEO Industries Inc. in the U.S. This acquisition strengthened the company’s position in the North America market.

Specialty NBR Market Size Worth $768.1 Million By 2025

The global specialty nitrile butadiene rubber market size is expected to reach USD 768.1 million by 2025 expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Carboxylated NBR is expected to have a high market penetration on account of providing excellent resistance to oils and non-polar solvents. The demand for carboxylated NBR is likely to be driven by its ability to successfully replace polyurethane in the printing rubber roller application and to blend with various substances for durability, release, and temperature. Rising application of printing rubber rollers in abrasive products, glass industries, and conveying equipment is projected to drive the market growth.

Extensive usage of fillers in polymer processing for enhancing the mechanical properties as a result of rising awareness among buyers in automotive and construction sectors is projected to increase the demand for NBR. Gains in extrusion and calendaring segments in emerging economies including China and India on account of growing automotive and construction sectors are expected to fuel the product demand. Furthermore, application growth of gloves and masking tapes as a result of implementation of safety standards in the global manufacturing sector is expected to play a vital role in boosting the product usage in near future.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/specialty-nitrile-butadiene-rubber-nbr-market

Further key findings from the study suggest:

Increasing demand for plastic components across several end-use applications, such as packaging, automotive, medical devices, and home appliances, will drive the market
In terms of revenue, liquid NBR segment is projected to ascend at a CAGR of 3.9% over the forecast period
Carboxylated NBR was the dominant segment in 2018 and accounting for the largest share of the global specialty NBR market
Extrusion & calendering application segment dominated the market in 2018 and accounted for a share of 49.8%
Well-established automotive industry coupled with growing automotive aftermarket in U.S. is estimated to propel gear, friction bearing, and bushes applications. This is likely to fuel the product demand
Zeon Corporation, JSR Corporation, and Lanxess AG are projected to remain the key market leaders over the projected period
Product innovation and partnerships with buyers for the development of customized products are projected to remain critical success factors for the industry participants