Aluminum Market Analysis, Growth, Overview, Trends, Demand and Industry Forecast 2030

Aluminum Market Synopsis:

Market Research Future (MRFR) has published a detailed report stating that the Global Aluminum Market is marked to expand at a substantial CAGR of 6.71% during the forecast period of 2018-2023.  The features of aluminum such as corrosion and oxidation resistance have increased the application of aluminum in various end-use industries such as building and construction, automotive, electrical and others. Rapid expansion of these industries is leading to an increased demand for aluminum, which in turn is propelling the growth of the global aluminum market. However, adverse environmental effects caused by excessive mining activities are restraining the growth of the global aluminum market during the assessment period.

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Aluminum Market Competitive Analysis:

The key players profiled by MRFR that are operating in the global aluminum market are Aluminum Bahrain (Bahrain), Century Aluminum Company (the U.S.), Norsk Hydro ASA (Norway), Emirates Global Aluminum PJSC (UAE), Rio Tinto Australia (Australia), Rio Tinto Alcan Inc. (Canada), Hindalco Industries Limited (India), BHP Billiton Aluminum Australia Pty Ltd. (Australia), Aluminum Corporation of China (China), China Hongqiao Group (China), Alcoa Corporation (the U.S.), RUSAL (Russia), Vedanta Ltd. (India), and others. The players in the global aluminum market are focusing on business expansion by implementing various innovative strategies such as increased research and development activities, collaborations, mergers and acquisitions and others to sustain the competition in the global aluminum market. For instance, in December 2018, Kobelco Aluminum Products & Extrusions Inc. has announced its plan of expanding the plant on Kobe Way. This expansion plan is worth USD 42 Mn.

Aluminum Market Segmentation:

The aluminum market report has been segmented on the basis of type, product and application. Based on type, the aluminum market has been segmented into primary and secondary. The primary segment commanded for the maximum share of 61.79% with the market valuation of USD 93,458 Mn during 2017 and is anticipated to reach the valuation of USD 135,867.3 Mn in the global aluminum market during the assessment period.

Based on products, the global aluminum industry trends has been segmented into flat rolled, castings, extrusions, forgings, pigments & powder, rod & bar, utensils, and others. The flat rolled segment has been sub-segmented into foil stock, can body stock, lithosheet, building sheet, common alloy, and others. The rod & bar segment has been sub-segmented into aluminum conductors, wires & cables, and others. Among these, the extrusions segment commanded for the major share of the global aluminum market with the valuation of USD 40,856 Mn in the year 2017 and reach the valuation of USD 60,605.3 Mn at a CAGR of 7.20% by the end of the forecast period during the forecast period

Based on application, the global aluminum market size has been segmented into machinery & equipment, building & construction, foil & packaging, hardware & accessories, transportation, electrical, consumer goods, solar, utensils, and others.  The transportation segment commanded for the maximum share of the global aluminum market and is anticipated to reach the valuation of USD 72,354 Mn by the end of the forecast period.

Aluminum Market Regional Analysis:

Geographically, the global  aluminum market has been segmented into five major regions such as North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East and Africa. Among these, the aluminum market in the APAC region accounts for the major share of the global aluminum market and reach the market valuation of USD 148,966.2 Mn by the end of 2023. This region is also anticipated to project fastest growth at a CAGR of 7.05% during the forecast period. The aluminum market in the Europe region is forecasted to expand at a CAGR of 5.99% during the forecast period. Increased utilization of aluminum to reduce the weight of automobiles that are being manufactured in the rapidly expanding automotive sector is majorly contributing to the growth of the aluminum market in the Europe region. The aluminum market in the North America region is marked to expand at a CAGR of 5.88% during the assessment period. The market growth is attributed to the growing secondary usage of aluminum in various end-use industries in this region.

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Petroleum Pitch Market to 2030 |Growth, Analysis, Trends, Industry Analysis and Overview

Petroleum Pitch Market Overview

According to Market Research Future (MRFR)’s analysis, the global petroleum pitch market is poised to strike a CAGR of 3.03% during the forecast period 2018 to 2023. The valuation of the market has been estimated to touch USD 1,135.1 Mn by 2023-end up from USD 954.1 Mn in 2017. Petroleum pitch has developed application across the production process of various carbon-based products such as clay pigeons, refractory bricks, and carbon fibers. Although the market is on the verge of entering a phase of maturity, the growing demand for carbon-based products is likely to accelerate revenue creation for the market players.

Petroleum pitch is excessively consumed for the production of aluminum anodes. A rise in the production level of aluminum nodes is further anticipated to aid the proliferation of the market. In addition, the growth of the automobile industry is presumed to influence the revenue generation of the petroleum pitch market size positively in the forthcoming years. The increasing demand for pitch-based carbon fibers for the manufacturing of automotive and aircraft brake pads is expected to boost the growth trajectory of the market across the review period.

The increase in projects undertaken by the governments for infrastructural development is poised to generate demand for petroleum pitch in the upcoming years. Nevertheless, the expanding market presence of PAN as an alternative is presumed to check the expansion of the petroleum pitch market over the assessment period.

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Global Market for Petroleum Pitch – Competitive Dashboard:

Some of the prominent players operating in the global petroleum pitch market are Cytec Industries, Inc., Mitsubishi Chemical Corporation, Koppers Inc., Rain Carbon Inc., ORG CHEM Group, and Puyang Changyu Petroleum Resins Co. Ltd.

Global Market for Petroleum Pitch – Segmental Analysis:

This MRFR report offers a detailed segmental analysis of the global petroleum pitch application market report based on type and application. By type, the market has been segmented into high performance, universal, and others. Among these, the high performance segment held the largest share of the market in 2017 and is poised to grow steadily at 3.46% CAGR over the assessment period. The growth of the major end-user industries such as automotive, aerospace, construction, and chemicals are anticipated to propel the expansion of the segment.

By application, the global petroleum pitch industry has been segmented into brake pads, road surface sealings, aluminum anodes, insulation, refractory bricks, and others. The brake pads segment, accounting for the maximum market share, is projected to touch a valuation of USD 1,135.1 Mn by the end of the review period. The increasing demand for lightweight brake pads from the automotive as well as aerospace industries are projected to catalyze the proliferation of the segment.

Petroleum Pitch Market Regional Outlook:

The regional assessment of the global petroleum pitch market spans across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific held the largest share of the global market accounting for 34.72% share. It has been forecasted to grow from USD 331.3 Mn in 2017 to USD 402.1 Mn by the end of 2023. The rise in the standard of living as well as disposable income in the region has led to the growth of the automotive industry. This, in turn, has been presumed to increase the consumption of petroleum pitch in the region.

North America stands at the second spot in the global petroleum pitch market. The presence of developed economies such as the U.S. and Canada are projected to unleash growth opportunities for the market participants over the next couple of years.

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Fiberglass Market Overview, Demand, Global Industry Share, Analysis and Growth 2030

Fiberglass Market Overview:

Fiberglass Market is expected to witness a significant growth of USD 20.32 Billion by 2023 with CAGR of 9.2% between by 2023.

Fiberglass Market is growing mainly due to its varied applications in bourgeoning automotive industry.  According to a recent study report published by the Market Research Future, the global market of Fiberglass is growing with the rapid pace and expected to gain prominence over the forecast period.

Fiberglass Market Application:

Fiberglass’s application in insulation is providing added impetus to its market growth. The segment Fiberglass insulation has impressive growth in construction activity, increasing demand for higher thermal efficiency, lightweight, strength, durability, and eco-friendly insulation products. The increasing awareness of energy saving is also driving the demand of fiberglass insulation market, eventually, fostering the Fiberglass market size.

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Fibreglass products for use in the latest weaponry systems. Fibreglass materials are being widely used in the defence manufacturing industry to cut down the use of structures made from metals and improve the manoeuvrability of aircraft, agility of the fired missile besides reducing their body weight. The wings for the aircraft are totally being made from fibreglass structures. And further researches are transpired for having the entire fuselage made from them. Once this is achieved this, defence sectors would turn its focus further in manufacturing of the secondary (internal) structures in the aircrafts.

Fiberglass is used in a varied range of industrial applications and is the most easily available and cheapest composite fabric. Fiberglass has found in various end use industry such as aerospace, automotive, construction, electrical, pharmaceutical, industrial, and others. The growing automotive and electrical industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and North America has boosted the global fiberglass market share over the forecasted period. On the other hand, environment & health related issues and unstable prices of raw materials are major restraining factors of the fiberglass market which can hamper the growth of fiberglass market.

Fiberglass Market Key Players:

Global Fiberglass industry are: Jushi Group Co. Ltd (China), AGY Holding Corp. (U.S.), Saint-Gobain Vetrotex (Europe), PPG Industries Inc. (US), Owens Corning (US), Taiwan Glass Industry Corporation (Taiwan), Taishan Fiberglass Inc (China), PFG FIBER GLASS CORPORATION (Taiwan), Fibber Glass Industries Inc (US), W. L. Gore & Associates, Inc (US), and Others.

Fiberglass Market Regional Analysis:

Presently, Asia Pacific region is the major market of fiberglass due to demand in various applications such as automotive and electrical industry especially in China, India followed by Japan. Whereas, increasing demand in construction industry in developing countries such as India, Indonesia, and Thailand made Asia Pacific largest consumer of the global fiberglass market followed by increasing in the consumption of Fiberglass market in North America region. Furthermore, Europe region hold third position for the global fiberglass market due to large consumption in pharmaceutical, construction, and electrical industry. In addition, Latin America and Middle East also witnessed in growth of fiberglass market due to various end user industry such as aerospace, automotive, construction, electrical, pharmaceutical, industrial, and others.

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Polyurethane Coatings Market Analysis, Growth, Overview, Trends, Demand and Industry Forecast 2030

Polyurethane Coatings Market Analysis

The global polyurethane coatings market is predicted to grow at a 7.3% CAGR over the forecast period (2016-2023), states the new Market Research Future (MRFR) report. A polyurethane coating, simply put, is a layer of polyurethane which is applied to the surface of the material to protect it. This coating helps to protect the base material against abrasion, weathering, corrosion, and other processes which may degrade the material with time. Polyurethane coatings are of different types, including muted, glossy, transparent, and opaque. It has excellent properties such as high optical properties, good weathering features, high flexibility, higher durability, low-temperature curing, and high corrosion and abrasion resistance, among others. 

Various factors are propelling the polyurethane coatings market growth. These factors in accordance to the MRFR report, include growing demand for durable and lightweight products in the electronics, construction, and automotive industries, and increasing demand for surface coating in floor and bridges, ships and containers, gas pipeline, and storage tanks. 

On the contrary, strict environmental policies due to release of toxic gases while burning fossil fuels, fluctuating cost of raw materials, high cost of new technologies, and challenges in the production process are factors that may impede the polyurethane coatings market growth over the forecast period. 

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Key Players

Leading players profiled in the polyurethane coatings market report include Evonik Industries AG (Germany), Jotun A/S (Norway), Covestro AG (Germany), BASF SE (Germany), Asian Paints Limited (India), Axalta Coating Systems, LLC (US), PPG Industries, Inc. (US), Sherwin Williams Company (US), Valspar Corporation (US), and Akzo Nobel NV (Netherlands), among others. Key players are incorporating various strategies to create a foothold in the market such as partnerships, research and development, expansions, mergers and acquisitions, and more. 

Polyurethane Coatings Market Segmentation 

The MRFR report provides a complete segmental analysis of the  polyurethane coatings market growth on the basis of end use industry and technology.

Based on technology, the polyurethane coatings industry is segmented into powder, spray, water-borne, solvent-borne, and others.

Based on end use, the polyurethane coatings market size is segmented into electronics, construction, household, aerospace, automotive, and others. Of these, the automotive segment will lead the market over the forecast period.

Polyurethane Coatings Market Regional Analysis

By region, the polyurethane coatings market production report covers the latest trends and growth opportunities across the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Of these, the APAC region will lead the market over the forecast period. This is owing to its growing demand in different applications, especially in the construction, electrical, aerospace, and automotive industry in Japan, India, and China. Besides, the burgeoning demand for polyurethane coatings in the construction industry in Thailand, Indonesia, and India are also predicted to boost the market growth. Moreover, the growth of electric cars in China, the growing automotive industry, and increasing industrialization, are also propelling the market growth in this region. 

The polyurethane coatings application market in North America will have the second-largest share in the market over the forecast period. The US is the key contributor in this region owing to huge growth in the automotive and construction industry. 

The polyurethane coatings market in Europe is predicted to have favorable growth over the forecast period. Switzerland, Germany, France, and the UK are the key contributors in this region. 

The polyurethane coatings market in Latin America is predicted to have significant growth over the forecast period. This is owing to high growth potential and the reviving economy of Mexico and Brazil. 

The polyurethane coatings market in the Middle East and Africa is predicted to have considerable growth over the forecast period. This is owing to the significant growth opportunities provided by the construction sector. 

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Nitric Acid Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Nitric Acid Market Synopsis

Market Research Future speculates the global nitric acid market is estimated to register 6.5% CAGR during the appraisal period (2016-2022) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is miscible in water and is a slightly yellow aqueous solution treated top remove most free nitrogen oxides.

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Nitric Acid Market Proportion and Pitfalls

The nitric acid market is majorly driven by the fertilizer industry owing to the augmenting need for crop yield in order to meet the increasing population’s demand for food. With the extensive use of calcium ammonium nitrate and ammonium nitrate in fertilizers, the market for nitric acid is estimated to widen throughout the assessment period. Ammonium nitrate is generally derived from nitric acid and is extensively used to manufacture fertilizers and explosives. With the augmenting demand from the defense industry due to use of explosives at the cross border area, nitric acid’s production has increased.

Competitive Dashboard

The prominent players operating the global nitric acid market are LyondellBasell Industries, Koch Fertilizer LLC, PVS Chemicals, The Dow Chemical Company, Agrium Inc., Apache Nitrogen Products Inc, AkzoNobel NV, Basic Chemical Solutions LLC, BASF SE, Bayer AG, and others. 

Global Nitric Acid Market: Segmental Insights

The global nitric acid type market has been segmented on the basis of application.

By mode of application, the global nitric acid industry has been segmented into nitrobenzene, fertilizers, adipic acid, toluene diisocyanate, and nitro chlorobenzene. Among these, the fertilizers segment is estimated to dominate the global nitric acid market and is anticipated to retain its dominance. The growth is credited to the agricultural growth in economies such as China, India, and Brazil. With the increasing demand for food along with favorable support from the government is expected to stir up the nitric acid production capacity.

Nitric Acid Market Regional Insights

Geographically, the nitric acid market spans across regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is considered to occupy the largest market share due to the augmenting chemical and fertilizers industry in this region. The region leads the global market and offers huge growth potential for nitric acid production owing to the continuous growth if textile, pharmaceutical, and fertilizer industry in economies such as India, China, and South Korea. Also, with the end-use industrial growth in several countries like India, South Korea, China, Japan, Vietnam, Thailand, Malaysia, and Bangladesh, the market in this region is expected to flourish. Additional factors gearing up the market growth are the increasing investment by major companies coupled with the shifting production facilities in this region.

The North American region is estimated to experience a moderate growth rate owing to the expansion of the pharmaceutical sector. On the other hand, the European region is predicted to generate a moderate growth rate due to the significant growth of textile and automobile industries.

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Reflective Materials Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Reflective Materials Market Overview

The global reflective materials market has been studied across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific was the largest and fastest growing market for reflective materials in 2017. China and India are the major contributors to the growth of product in this region. Growing urbanization has given rise to traffic issues and constructional activities. Reflective materials are highly used as films on signboards in traffic and work zone to direct, warn, and guide travelers on highways and other roadways to prevent road accidents, especially during night and low light conditions. Furthermore, these materials are also used in textiles and automotive industries. The growing automotive industry in this region is another key driver for the market in this region. Hence, the Asia-Pacific market is expected to show strong growth during the forecast period.

North America held the second-largest share in terms of market size, in 2017. Reflective materials are used in automotive and construction segments, owing to the safety reasons during night time Besides, the product is also used in making apparels such as shirts, shoes, and belts. These factors have contributed to the growth of reflective materials market in this region. Thus, the North American market is projected to showcase remarkable growth in the forecast years.

Increasing demand for renewable energy sources in Europe, especially solar energy has boosted the demand for reflective materials. The use of reflective materials in solar panels has enhanced the effectivity and the efficiency of these panels. This factor has increased the growth of reflective materials market in this region. Hence, the European market is expected to show considerable growth in the coming years.

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Reflective Materials Market Segmentation:

Global reflective materials market report has been segmented on the basis of technology, product type, application, and region.

The global reflective materials industry has been divided into microprismatic and glass and ceramic beads technology, based on technology.

By product type, global reflective materials market size has been segregated into films, sheets and tapes, paints, coatings, and fabric.

On the basis of application, global reflective materials market has been split into traffic and work zone, personal safety, construction, automotive, solar panels, and others.

Reflective Materials Market Key Players:

3M (US), Reflomax (South Korea), Avery Dennison (US), Dominic Optical (China), Coats Group (UK), Asian Paints PPG (India), Orafol (Germany), Nippon Carbide Industries (Japan), Changzhou Hua R Shang Reflective Material (China), and Paiho Group (Taiwan) are some of the major players in the global reflective materials market.

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Aluminum Oxide Market Demand, Application, Growth, Overview, Share, Forecast 2030

Aluminum Oxide Market

The global aluminum oxide market is expected to exhibit a strong 6.68% CAGR over the forecast period from 2019 to 2030, according to the latest research report from Market Research Future (MRFR). The global aluminum oxide market is expected to reach a valuation of USD 70,511.7 million by 2030, according to the report from MRFR. The report contains a detailed profile on the global aluminum oxide market, including a study of the market’s leading drivers and restraints and major player. The economic environment of the aluminum oxide market is also assessed in the report to provide context to the driver and restraint analysis.

Aluminum oxide, also known as alumina, has widespread industrial usage, including in electronics, manufacturing, medical, and pharmaceuticals. The material is one of the most abundant on earth and is widely mined in various forms. Growing demand for rechargeable batteries is a major end-use avenue for the aluminum oxide market, as the demand for rechargeable batteries is likely to increase in the coming years due to the increasing demand for electric power in various sectors.

Growing demand from the construction industry is also likely to remain a major driver for the aluminum oxide market due to the growing prospects of the industry in developing Asia Pacific markets. Growing residential as well as infrastructural construction has driven the demand for aluminum oxide in Asia Pacific, making it a leading regional market for aluminum oxide. Aluminum oxide is also used in personal care products such as sun care creams and body lotions. This is also likely to be a major driver for the global aluminum oxide market.

Aluminum Oxide Market Competitive Analysis:

Leading players in the global aluminum oxide market include American Elements, Choice Organochem LLP, Illinois Valley Minerals LLC, Washington Mills, Tirupati Industries (India) Ltd., Almatis GmbH, Rusal, Cabot Corporation, Morgan Advanced Materials plc, and Sasol Limited. A detailed review of the competitive landscape of the aluminum oxide market is provided in the report with detailed profiles of the leading players. Their competitive strategies are also examined in the report, providing readers a comprehensive overview of the competitive landscape of the market.

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Aluminum Oxide Market Segmentation:

The global aluminum oxide market is segmented on the basis of structural form, end use, purity, and region.

The global aluminum oxide market is segmented into nanoparticles, powder, pellets, tablets, and sputtering targets. The powder form is likely to dominate the global aluminum oxide market over the forecast period due to its easy usability and transportability.

By end use, the global aluminum oxide market is segmented into electronics, industrial manufacturing, medical, pharmaceutical, and others. The electronics segment is expected to hold a dominant share in the global aluminum oxide market due to the widespread use of aluminum oxide in lithium-ion batteries, hybrid cars, photovoltaic cells, LED lighting, and more. The segment accounted for 53.5% of the global aluminum oxide market in 2018 and is expected to register a strong 6.76% CAGR over the forecast period.

By purity, the global aluminum oxide market is segmented into 2N, 3N, 4N, 5N, and 6N, with the highest 6N aluminum oxide having the highest purity of 99.9999%. The 4N segment accounts for the dominant share in the global aluminum oxide market, holding 47.9% of the market in 2018. The widespread use of 4N aluminum oxide in pharmaceutical applications is likely to be a key driver for the global aluminum oxide market.

Aluminum Oxide Market Regional Analysis:

Asia Pacific is the major revenue generator in the global aluminum oxide market, with the region accounting for more than 50% of the global market in 2018 and projected to exhibit a 7.21% CAGR over the forecast period. Rapid industrialization in the region has been a major driver for the aluminum oxide market. China is the regional leader and is expected to grow at a strong 7.83% over the forecast period.

North America is the second largest regional market for aluminum oxide, followed by Europe.

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Styrene-Butadiene Rubber (SBR) Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Styrene Butadiene Rubber Market Overview:

Styrene Butadiene Rubber (SBR) is the highest volume general purpose synthetic rubber. It can be used in similar applications as NR / IR elastomers, except in severe dynamic application due to the inferior fatigue resistance. Typical applications include drive couplings, haul-off pads, conveyor belts, shoe soles and heels, adhesives, roll coverings and car tires (but not truck tires) and various other molded rubber goods. The typical working temperature range is -25°C to +100°C for static sealing.

Some of the prominent factors that positively influence the growth of market are increasing automobile production, rising demand for electric cables insulation, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing consumption of SBR based adhesives & sealants in the construction industry. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards cost effective vehicles are estimated to fuel the growth of the market during the review period, 2017 to 2023.

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Styrene Butadiene Rubber Market Key Players

Some of the prominent players in the styrene butadiene rubber industry are China Petroleum & Chemical Corporation (China), KUMHO PETROCHEMICAL (South Korea), LANXESS (Germany), JSR Corporation (Japan), Trinseo (U.S.), Sibur Holding PAO (Russia), Michelin Corporation (France), Bridgestone Corporation (Japan), Reliance Industries Limited (India), and Versalis S.p.A. (Italy), among others.

Styrene Butadiene Rubber Market Regional Analysis

The Middle East & Africa is estimated to be the largest SBR market followed by North America and Europe due to strong existence of construction projects. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for SBR in tires manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for SBR, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of electrical industry is predicted to contribute to the regional market growth. In North America, U.S and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations is expected to bridge the demand gap for SBR raw materials. In Latin America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.

Styrene Butadiene Rubber Market Segmentation

The global styrene butadiene rubber market report is segmented on the basis of type, end use, and region. Based on the type, the market is segmented into emulsion styrene butadiene rubber, and solution styrene butadiene rubber. On the basis of the end user, the market is segmented into automotive, construction, industrial, adhesives & sealants, footwear making, electrical & electronics, and others. Geographically, the global styrene butadiene rubber market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Among them, Asia Pacific is estimated to grow at the highest CAGR during the forecast period

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Plasticizer Market Demand, Application, Growth, Overview, Share, Forecast 2030

Plasticizers Market Overview

Market research future will be publishing a cooked research report on Global Plasticizers Market that contains the information from 2016 to 2022Global Plasticizers Market is expected to grow with the CAGR 2.2% of more than from 2016 to 2022, and with this it is predictable to cross USD 18,500 Million by 2022.

Plasticizers are organic ester additives, which are added to polymers to enrich the performance of the polymeric material, by enhancing various properties such as, flexibility, diffusivity, heat resistance, stability and toughness. Phthalate plasticizer represented about 85% of the global plasticizer market report. The growth of automotive and chemical among other industries in the developing markets is anticipated to further augment the demand for plasticizers.

Plasticizers are widely used as additives in PVCs. They are used in PVC resins, PVC cables, vinyl flooring, wire jacketing, automobile parts etc. The use of plasticizers for residential applications such as, flooring, wall coverings and roofing membranes is further attributed to the growth of plasticizers market in the near future. However, the regulations prohibiting the use of phthalate plasticizers in the developed nations is restricting the growth of plasticizers market in the developed nations. Inclination towards bio-plasticizers is also anticipated to hamper the growth of global plasticizers industry during the forecast period.

Plasticizers Market Segment analysis:

Plasticizers market growth as type and application is segmented into by type: Phthalates, Adipates, Trimellitates, Epoxy, Polymerics and Phosphates and by application flooring, wall coverings, roofing membranes, electric wires & cables, automotive, medical devices & others. Plasticizers such as phthalates is anticipated to have considerable demand over the forecast period, owing to its demand in the automotive industry, building & construction along with its huge consumption in PVC products. Adipates plasticizers is followed by phthalates, owing to its use in adhesives and sealants. The key driver for plasticizer are the cumulative growth of industrial sector in the developing nations, along with the increased spending of consumers in the region. However, environmental regulations and availability of substitutes for plasticizers is anticipated to hamper the plasticizer market growth

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Asia pacific has dominated Plasticizers Market in 2016

Asia Pacific dominated the market for global plasticizers market value and registered a considerable CAGR in 2016. The market has been growing due to various growing manufacturing sector namely, automotive, medical devices, chemicals and consumer goods. Among the countries in Asia Pacific, China dominated the market for plasticizers in terms of value and volume in 2016, and it is anticipated to dominate in the fore coming years. 

Developed markets such as North America and Europe plasticizers markets witnessed sluggish growth and consumption due to the stringent regulations for use of phthalate plasticizers in the region along with the customer inclination towards bio-plasticizers are some of the factors attributed to the sluggish growth of plasticizers market in these regions.

Polyvinyl Chloride Market Key Players

Leading players profiled in the polyvinyl chloride market report include I. du Pont de Nemours and Company (US), Xinjiang Zhongtai Chemical Co., Ltd. (China), Vinnolit GmbH & Co. KG (Germany), Kem One SAS (France), Mexichem, S.A.B. de C.V. (Mexico), Axiall Corporation (US), Occidental Petroleum Corporation (US), Ineos Group Limited (UK), Shin-Etsu Chemical Co., Ltd. (Japan), and Formosa Plastics Corporation (Taiwan). Key players are incorporating several strategies to strengthen their position in the market, such as product launches and innovations, expansions, research and development, partnerships, collaborations, and more. 

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Polyvinyl Chloride Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Polyvinyl Chloride Market Analysis 

 The global polyvinyl chloride market is predicted to touch USD 72.0 billion at a 4.5% CAGR over the forecast period (2019-2025), states the latest Market Research Future (MRFR) report. Polyvinyl chloride or PVC is basically a synthetic resin that is created from vinyl chloride polymerization. It is highly preferred over traditional materials, which include wood, copper, or iron in several profile applications owing to multiple benefits, alluring features, and operational efficiencies. PVC can be made soft and flexible with the addition of phthalates and plasticizers. In the soft and flexible form, it is used in inflatable products, plumbing, electrical cable insulation, and some applications that can replace rubber. 

PVC has an extensive range of applications including plasticizers, healthcare, clothing, furniture, construction, and others. Today it exists in a plethora of consumer products which includes packaging, cling films, credit cards, bottles, and others. It is also used in several construction materials such as wallpaper, flooring, cables, pipes, window frames, to name a few. Due to its water resistance, durability, and affordability, PVC is ideal for shower curtains, boots, and raincoats. 

Various factors are propelling the polyvinyl chloride market report. Some of these factors, according to the Market Research Future report, include burgeoning demand for polyvinyl chloride in the automotive and construction industries, rapid growth in consumer goods and packaging, and rising applications in the healthcare domain. 

On the contrary, the shortage in feedstock supply owing to the rise in the price of different products and closing down of facilities is likely to hamper the polyvinyl chloride market growth over the forecast period. 

Polyvinyl Chloride Market Segmentation 

 The MRFR report offers a wide segmental analysis of the  polyvinyl chloride market on the basis of end use, type, and application. 

Based on type, the polyvinyl chloride industry is segmented into flexible and rigid. 

Based on application, the polyvinyl chloride market is segmented into cables, bottles, firms and sheets, tubes and profiles, pipes and fittings, and others. 

Based on end use, the polyvinyl chloride market is segmented into automotive, construction, consumer goods, packaging, and others. 

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Polyvinyl Chloride Market Regional Analysis

By region, the global polyvinyl chloride market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Middle East and Africa. Of these, the APAC region will spearhead the market over the forecast period. This is owing to expanding residential properties and numerous electrifying villages, towns, and cities. China is a key contributor in this region as it is the biggest worldwide producer and consumer of polyvinyl chloride. 

The polyvinyl chloride market in North America will have the second-largest share in the market over the forecast period. This is owing to the region’s growing construction industry. The US is the key contributor in this region. 

Polyvinyl Chloride Market Key Players

Leading players profiled in the polyvinyl chloride market report include I. du Pont de Nemours and Company (US), Xinjiang Zhongtai Chemical Co., Ltd. (China), Vinnolit GmbH & Co. KG (Germany), Kem One SAS (France), Mexichem, S.A.B. de C.V. (Mexico), Axiall Corporation (US), Occidental Petroleum Corporation (US), Ineos Group Limited (UK), Shin-Etsu Chemical Co., Ltd. (Japan), and Formosa Plastics Corporation (Taiwan). Key players are incorporating several strategies to strengthen their position in the market, such as product launches and innovations, expansions, research and development, partnerships, collaborations, and more. 

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