High Temperature Insulation Market Overview, Demand, Global Industry Share, Analysis and Growth 2030

High Temperature Insulation Market Overview

High temperature insulation (HTI) is used in temperature intensive applications to minimize heat transfer. It is also used to reduce greenhouse gas emissions and in everything that reduces global warming. The global high temperature insulation market is estimated to garner a market revenue of USD 5.16 Billion by the end of 2022, according to the recently published report by Market Research Future (MRFR).

There are many factors fueling growth in the global high temperature insulation market share. Some of these market drivers include strong energy codes and utilities savings. Further, a wide scope of application of HTI products, ranging from project and maintenance work in refineries to petrochemical & gas processing plants are contributing heavily to the ascension of the HTI market. Rising demand for high temperature insulations in other end-user industries is causative of a speedy upscaling in the growth chart of the global  high temperature insulation market. These end-user industries include aerospace, fire protection, automotive, as well as solar applications.

The report published by Market Research Future (MRFR) also states that the global high temperature insulation industry is likely to capture a lucrative CAGR of 11.4% through the assessment period. Increasing demand for energy savings in order to lower manufacturing costs and environmental concerns are identified as significant contributors to the growth observed in the global high temperature insulation market during the forecast period. Additionally, obligatory stringent regulations laid by the government for energy conservation across various sectors has pushed the HTI market to a great extent. Availability of HTI products in the form of blankets, insulating bricks and board has provided a great impetus to the growth of the high temperature insulation market report in the foreseeable future.

Even though the global market is anticipated to garner lucrative growth throughout the forecast period, there are many factors obstructing that growth to a certain extent. Carcinogenic content found in high temperature insulation materials is one of the most significant factors acting as a hindrance to the market growth.

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High Temperature Insulation Market Detailed Regional Analysis

The global high temperature market forecast has been regionally segmented into Asia Pacific, North America, Europe, and Rest of the World. According to the market research report published by MRFR, the global high temperature insulation market is led by Asia Pacific during the forecast period. Factors accrediting to the growth in this region include a presence of diverse end-user markets ranging from petrochemicals, glass, aluminum, ceramics, cement to iron & steel, powder metallurgy, and refractory. Other than that, the growing GDP in some of the emerging economies present in the region such as China and India, coupled with the emerging industrialization is bolstering growth in the HTI market in Asia Pacific. Growing production and industrial bases have led to an increased necessity to save energy and reduce greenhouse gas emissions, causing an upsurge in the demand for high temperature insulation materials through the assessment period.

Latin America is estimated to follow Asia Pacific and capture the second largest share in the global HTI market. In Contrast, North America and Europe are expected to showcase sluggish growth during the forecast period. Slow market growth in these regions can be owed to a high saturation level that the HTI products have reached.

High Temperature Insulation Market Key Players

The global HTI market has many noteworthy market players including ADL Insulflex Inc, 3M Company, Almatic GmbH, Insulcon Group, Hi-Temp Insulation Inc., Isolite Insulating Products Company Ltd, Promat International NV, Dyson Group, Pacor Inc., and Cellaris Ltd. 

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Calcium Nitrate Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Calcium Nitrate Market Synopsis

Calcium nitrate Ca(NO3)2, an inorganic compound, is also referred to as double salt and Norwegian saltpeter. It is an odorless compound which varies from white to gray and comes in granular form. It is highly soluble in water, highly hygroscopic and acts as an oxidizing agent. This compound is a colorless salt which absorbs moisture from the atmosphere and is found as tetrahydrate. Calcium nitrate breaks down upon heating and releases nitrogen dioxide. This compound exists in several forms such as a mineral in nitrocalcite. Other related salts comprise calcium potassium nitrate decahydrate and calcium ammonium nitrate. According to a new report by Market Research Future (MRFR), the market is expected a significant growth during the forecasted period.

An inorganic compound, Calcium nitrate is produced by applying nitric acid to limestone and is then treated with ammonia. Calcium nitrate is used in making explosives and as nitrogen fertilizer in the agriculture industry. It is also used in treating wastewater by eliminating the sulfate compound odor from water. Calcium nitrate is marketed for emulsion explosive for blasting in tunneling activities, quarries, and road construction.

Calcium Nitrate Market Drivers and Restraints

With the rising global population, the growth of calcium nitrate industry is positively impacted, owing to the growing trend for enforcing eco-friendly fertilizer technology and rising demand for food across the world. The Food and Agriculture Organization of the US has analyzed that farmland productivity will rise by approximately 15 % in the years to come to support food consumption globally. The nitrogenous calcium nitrate fertilizers are used in oilseeds and grains for the increasing production of corn, wheat and soyabean globally. Strict government mandates regarding wastewater treatment disposal in developed and developing areas shall boost the calcium nitrate market growth. Also, calcium nitrate which is used as admixtures for the production of concrete is expected to elevate the demand for calcium nitrate market globally.

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Global Calcium Nitrate Market Segmentation

The global market for calcium nitrate market overview can be segmented by application, process, and region.

The market can be segmented into reacting ammonium nitrate with calcium hydroxide, reacting phosphate rock with nitric acid, and reacting limestone with nitric acid based on the type of process.

The market can be segmented into fertilizers, explosives, concrete admixture, wastewater treatment, and others based on application. Among them, fertilizers shall witness more market growth over the forecast period. Product based fertilizers contain calcium and nitrogen which are vital for the plants to absorb important nutrients from the soil and helps in preventing leaf spot diseases. Also, flowering plants retain their flowers for a considerable amount of time with the addition of these fertilizers.

The market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America based on region.

Calcium Nitrate Market Regional Analysis

Asia Pacific is leading the global market for calcium nitrate followed by North America and Europe. Asia Pacific is emerging as a prominent market for wastewater treatment and fertilizers. Due to urbanization and industrialization, water quality is becoming an important issue in this region. Treating both municipal corporation water and industrial water is rising, which is strengthening the market. Moreover, due to rise in population specifically in India and China, the demand for food is increasing. Fertilizers are used to improve the productivity and quality of crops, thereby propelling the calcium nitrate market.

With the increasing budget in defense in North America, the market in the explosive application is also expected to boom during the forecast period. Europe holds 45 % of the total calcium nitrate consumption in terms of fertilizers application. The renovation sector in Europe is also expected to witness a stronger growth which will drive the market in concrete admixture application.

Competition Analysis

Some of the prominent players operating the calcium nitrate market are ADOB, Nutrien Ltd., Yara International, Sterling Chemicals., GFS Chemicals, Inc. and more.

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Global Automotive OEM Coatings Market Growth|Trends, Size,Share & Forecast to 2030

Automotive OEM Coatings Market Insights

The global automotive OEM coatings market was valued at USD 7,759.5 million in 2018 and is expected to exhibit a CAGR of 6.45% during the review period, 2019−2025. The increasing consumer preference for automotive coatings and the increase in automotive sale across the globe, especially passenger cars, are the factors largely boosting the growth of the global automotive OEM coatings market. Additionally, the demand for automotive OEM coatings is dominated by solvent-borne coating technology as of 2018, however, the increasing regulatory pressure on the use of solvent-borne coatings across the globe owing to its high VOC content may hamper the product market during the forecast period.  

Automotive OEM Coatings Market Segmental Analysis

The global automotive OEM coatings market has been segmented by application, end-use industry, and region.

By product type, the global automotive OEM coatings industry has been divided into clearcoat, basecoat, primer, E-coat, and others. The clearcoat segment held the largest market share in 2018 by value and volume due to its relatively large-scale consumption and high cost. The segment is also expected to register the highest CAGR during the forecast period.

On the basis of resin, the global automotive OEM coatings industry has been segmented into polyurethane, acrylic, epoxy, alkyd, and others. The polyurethane segment accounted for the largest share of over 45% in 2018 due to its superior performance characteristics over other resins and is also likely to grow at a significant rate in the coming years.

By technology, the global automotive OEM coatings market has been segmented into solvent-borne, water-borne, UV cured, high solid coatings, powder coatings, and others. The solvent-borne segment held the largest market share of over 50% in 2018 due to its quick drying properties and low cost. The segment’s growth is also driven by less regulatory pressure related to solvent-borne coatings in the countries of Asia-Pacific. However, water-borne technology segment is expected to exhibit the highest CAGR during the forecast period.

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Automotive OEM Coatings Market Regional Analysis

The global automotive OEM coatings market share has been studied with respect to five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.  Asia-Pacific held the largest market share in 2018 and is expected to register the highest CAGR during the forecast period. Europe accounted for the second-largest market share in 2018, which is further trailed by North America. The Latin American and the Middle East & African markets are expected to witness growth during the forecast period.

Competitive Analysis

Some of the key players operating in the global automotive OEM coatings market are PPG Industries Inc (US), Nippon Paints Holdings Co., Ltd (Japan), BASF SE (Germany), Axalta Coating Systems Ltd (US), Akzo Nobel N.V. (The Netherlands), Covestro AG (Germany), Berger Paints India Ltd (India), Kansai Paint Co., Ltd (Japan), The Sherwin-Williams Company (US), The Lubrizol Corporation (US), KCC Corporation (South Korea), and Esdee Paints Ltd (India).

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

Lithium Market Overview:

Lithium can be defined as a low-density metal that finds application in both inorganic and organic reactants. Lithium can be found with other compounds in brine pools and igneous rock. Its high density enables it to store substantial power within a very limited space. Its applications cover myriad sectors like ceramics, lithium soaps, fire-viewing windows for fireplaces, air-conditioners, lubricating greases, and batteries. Its use as power storage unit for portable electronic devices, smartphones, and electric vehicles can impact the market growth.

Market Research Future’s (MRFR’s) take on the global lithium market reveals a possibility of crossing USD 8.37 billion valuation by the end of 2024 with a CAGR of over 10.6%. One of the major market drivers is the electric vehicles that includes diverse types like pure battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). It finds application as lithium bromide in absorption chillers for air conditioning. It can assist in dehumidification, air regeneration, and also, cooling process, which is bound to provide traction for growth.

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Lithium Market Segmentation:

The global market for lithium can be segmented into product type and application for a better understanding of the global market in the coming years. The segmentation includes various market details regarding factors and this segmentation is getting bolstered by volume-wise and value-wise data.

By product type, the global market for lithium can be segmented into lithium metal, lithium carbonate, lithium hydroxide, butyllithium, lithium chloride, and others.

By application, the market for lithium includes greases, energy storage, glasses & ceramics, frits, adhesives, air treatment, and others.

Lithium Market Regional Analysis:

The global lithium market for includes regions like APAC (Asia Pacific), North America, Latin America (LATAM), Europe, and the Middle East & Africa (MEA). These regions can be better analyzed with inputs from various demographic understandings.

Europe has the maximum market share and it covers almost 30% of the global market. This dominance would continue in the coming years as well. Countries like Sweden, Norway, Belgium, and Iceland have initiated the intake of battery cars to take on globalization, which would increase the rate of incorporation of lithium in the automotive sector. In addition, the regional infrastructure for automotive is showing substantial market growth due to which the market is expecting even higher growth. The APAC market has the potential to register the highest CAGR during the review period as several countries, including China, are expected to make great impact on the global market by having the necessary setup for electric vehicles. These initiatives by governments can influence the intake of electric vehicles market. Along with China, now India is all set to revamp their infrastructure to back up the regional market.

North America is expected to make substantial contribution in the sector with the US and Canada shoeing the way to make sure that the regional market gains high traction. Technological prowess is expected to make the market grow substantially in the coming years.

Lithium Market Competitive Landscape:

Several companies are impacting the market for lithium by initiating diverse market plans. These companies are SQM S.A. (Chile), Albemarle Corporation (US), Altura Mining (Australia), Livent (US), Jiangxi Ganfeng Lithium Co. Ltd (China), Orocobre Limited Pty Ltd (Australia), Lithium Americas Corp. (Canada), Critical Elements Corporation (Canada), Tianqi Lithium Industries Inc. (China), and Sayona Mining Limited (Australia). Market research Future (MRFR) covered all these companies for a better analysis of the report where their latest actions are recorded. The attempt is to assess the latest moves on the basis of their merits and how they can impact the global market in the coming years.

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Silver Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Silver Market Overview

According to MRFR Analysis, the Global Silver Market is estimated at a healthy CAGR of 9.83% during forecast years.

Silver, one of the precious metals, is particularly known for its silvery luster. The pure form of silver exhibits the highest electrical and thermal conductivity as compared with other metals. Moreover, it is relatively harder than gold and platinum and possesses malleability and ductility. It is obtained in native or ore form and is primarily produced as a byproduct of gold, zinc, copper, and lead refining.

On the basis of type, the global silver market has been divided into fine silver, sterling silver, German silver, coin silver, Britannia silver, Mexican silver, Russian silver, oxidized silver, and others. This segmentation is on the basis of the percentage of silver in the composition. Among these, the sterling silver alloy segment held the largest market share in 2018 with 92.5% of silver and 7.5% of copper and is used in making jewelry and silverware. In addition to this, zinc and germanium is added to enhance resistance to tarnish and can also be used in making surgical equipment.

Based on application, the global silver market has been categorized into silverware, industrial, jewelry, investment, photographic films, electrical and electronics, pharmaceuticals, food and beverage, clothing and textile, personal care and cosmetics, and water treatment. The electrical and electronics was the leading segment in 2018, followed by jewelry owing to increasing demand for silver in semiconductors, smartphones for its unsurpassed electrical and thermal conductivity. The jewelry segment, on the other hand, is projected to register a substantial CAGR on account of the growing demand for silver ornaments.

Silver Market Segmentation

The global silver market has been segmented based on type, application, and region.

Based on type, the global silver market has been classified into fine silver, sterling silver, German silver, coin silver, Britannia silver, Mexican silver, Russian silver, oxidized silver, and others.

By application, the global silver market has been divided into silverware, industrial, jewelry, investment, photographic films, electrical and electronics, pharmaceuticals, food and beverage, clothing and textile, personal care and cosmetics, and water treatment.

The global silver market, by region, has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

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Silver Market Competitive Analysis

Fresnillo plc (Mexico), KGHM (Poland), Glencore (Switzerland), Newmont Goldcorp (Canada), Hindustan Zinc (India), Asahi Refining (US), Polymetal International plc (Russia), Minas Buenaventura SAA (Peru), PAN AMERICAN SILVER (Canada), Hochschild Mining plc (UK), Volcan (Peru), Wheaton Precious Metals Corp (Canada), First Majestic (Canada), ENDEAVOUR SILVER (Canada), and Hecla Mining Company (US) are some of the key players operating in the global silver market

Silver Market Regional Analysis

The Latin American dominated the global silver market in 2018 and is estimated to register a healthy CAGR during the forecast period on account of increasing mining activities and surging demand for silver in coins, bullions, and electrical and electronics. Mexico is the major producer and consumer in the region, as well as across the globe owing to strong R&D facilities and superior grades of silver mines. The North American market held a significant market share in 2018 owing to advanced equipment and mining operations in the region. The US is the major contributor in the region.

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Zinc Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Zinc Market Overview

The global zinc market is projected to surpass 1,012 thousand tons in terms of volume during 2019–2024. The demand for zinc is primarily driven by the high demand for corrosion resistance coatings in metals and steels parts used in the automotive and aerospace industries. Zinc is also used for alloying metals such as bronze and brass. In addition, zinc is used as a corrosion resistance material in the buildings and construction industry. The increasing use of steel in construction activities is expected to boost the demand for zinc during the forecast period.

Zinc Market Segmentation

Based on application, the global zinc market report has been segmented into galvanizing, die casting, and others. Galvanizing is the process of dipping steel and metal in molten zinc to produce a corrosion resistant layered coating of zinc-iron alloy and zinc metal. During the process of immersing steel in zinc, a metallurgical reaction occurs between the iron in the steel and the molten zinc, which creates a uniform thickness around the part. Corrosion depreciates buildings, rail track, and bridges, which is costly to repair hence zinc coatings play a significant role in maintaining the strength of steel and metal structures, offering sustainability and longevity, and reducing the maintenance cost. According to the World Steel Association, the global crude steel production reached 1,809.6 million tons in 2018, an increase of 4.59% as compared to 2017. Thus, the increasing production of steel is expected to surge the demand for zinc during the forecast period.

In September 2018, ThyssenKrupp, a Germany-based steel producing company, announced to build a new galvanizing processing line in Dortmund, Germany. The new line is estimated to serve the growing demand from the automotive original equipment manufacturers (OEMs) for premium-coated products. Innovative, high-quality zinc and magnesium coating will be produced in this galvanizing processing line. On 13 November 2018, Andritz AG, an Austrian plant engineering group, received an order from Nucor Steel to supply galvanizing line for its facility located in the US. The plant is designed to produce high strength steel grades for the automotive industry. The growing demand for steel in the automotive industry is projected to drive the growth of the galvanizing segment during the forecast period.

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Zinc Market Regional Analysis

The Asia-Pacific market is expected to exhibit a healthy CAGR during the forecast period owing to the growing electric vehicles industry. The increasing demand for electric vehicles has surged the application of zinc in the body parts. Furthermore, the rise in investment in the aerospace industry has increased the aircraft production capacity, which is consequently expected to boost the demand for zinc coatings in the manufacturing of aircraft. For instance, in December 2018, Boeing established its first 737 finishing plant in China to support the demand in the region. The North American and Europe markets are estimated to witness substantial growth in terms of CAGR due to the expanding aerospace industry in the US, Canada, the UK, and Germany.

Competitive Analysis

Some of the leading players operating in the global zinc market are Nexa Resources S.A.(Brazil), Nyrstar (Switzerland), Korea Zinc Group (Korea), Glencore Xstrata (Switzerland), Boliden (Sweden), Shaanxi Nonferrous Metals (China), China Minmetals Corp. (China), Teck (Canada), Zochem, Inc (US), and Old Bridge Chemicals(US), among others.

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Tall Oil Fatty Acid (TOFA) Market Demand, Application, Growth, Overview, Share, Forecast 2030

Tall Oil Fatty Acid (TOFA) Market Summary

The global tall oil fatty acid market is expected to register a CAGR of over ~4.3% during the forecast period. In terms of value and volume, the demand in North America was the largest in 2018, and the regional market is poised to exhibit a significant CAGR during the forecast period. However, the Asia-Pacific market is expected to witness the highest CAGR of 5.1% during the forecast period due to the increase in construction activities in South-East Asian countries coupled with the growth of the detergents and textile market.

Tall Oil Fatty Acid (TOFA) Market Regional Analysis

The global tall oil fatty acid market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific market is expected to witness significant growth at over 5.1% CAGR owing to the increasing awareness and government initiatives regarding cleanliness and hygiene, coupled with the growth of the detergents market in the region. The growth of the regional market may decline due to high competition from its plant-based fatty acid substitutes such as coconut oil and palm oil based fatty acids, however, the growing preference for plant-based and eco products is expected to boost the growth of the tall oil fatty acid market in the region. The increasing application in the construction industry is expected to boost the growth of the market. Furthermore, increasing investments in construction industries in countries such as India, China, and South-East Asian countries is also projected to augment the growth of the regional market.

North America is expected to be the largest market for tall oil fatty acid in terms of value and volume, the demand in the region is attributed to the increasing crude oil production in the Gulf of Mexico, less availability of substitutes, and easy availability of raw materials to produce TOFA. For instance, the US is expected to hold a share of more than 40% of the overall tall oil fatty acid market. The increasing production of crude oil along with shale gas exploration activities, will further enhance the regional market growth during the forecast period.

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Tall Oil Fatty Acid (TOFA) Market Segmentation

The global tall oil fatty acid industry value has been segmented based on product type, application, end-use industry, and region.

By product type, the global market has been classified into oleic acid, linoleic acid, and others

Based on application, the global market has been divided into asphalt emulsions, ester solvents, fuel additives, lubricants, rubbers and tires, oilfield chemicals, resins, liquid cleaners and soaps, and others.

On the basis of end-use industry, the global market has been segregated into construction, oil & gas, textile, paints & coatings, and others.

Tall Oil Fatty Acid (TOFA) Market Key Players

Univar Solutions (US), Ilim Group JSC (Russia), Forchem Oyj (Finland), DRT (Derives Resiniques ET Terpeniqes) (UK), Harima Chemicals, Inc. (Japan), Eastman Chemical Company (US), OOO Torgoviy Dom Lesokhimik (Russia), Lascaray S.A. (Spain), Kraton Corporation (US), Georgia-Pacific Chemicals LLC (US), Industrial Oleochemical Products (South Africa), and PineChemical Group Oy (Finland).

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Polymeric Sand Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Polymeric Sand Market Overview

Polymeric sand contains small sand particles along with additives, which form a binding force in the presence of water. One of such additives is silica that is often used to lock the fine sand particles together. The polymeric sand is spread on the patio pavers to get fused in the joints. This helps the pavers to get locked in place and make them impenetrable. Polymeric sand is widely used in compacting and locking the pavers in residential, municipal, industrial, and other construction activities. The global polymeric sand market is estimated to be valued at over 80 kilotons by the end of 2024. The primary factor driving the growth of the market is the rapid growth of the building & construction industry across the globe. In addition, increasing construction activities in the developing regions such as Asia-Pacific, the Middle East & Africa, and Latin America, and reconstruction activities in the US are expected to boost the demand for the product during the forecast period. Moreover, the substantial physical properties of the product such as high resistance to water and budging, excellent spreading, and durability are likely to boost the demand for the product in the coming years.

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Polymeric Sand Market Segmentation

The global gray polymeric sand market growth has been segregated on the basis of application, end use, and region.

Based on application, the global polymeric sand industry has been categorized into pavements, auxiliary building spaces, pool deck, parking space, patio, and others. The pavements segment accounted for the largest market share in 2018 and is expected to register the highest CAGR on account of high demand in the almost all the construction applications such as municipal, residential, and commercial. The patio and auxiliary building spaces are also important segments which is gaining popularity in commercial construction applications such as restaurant, residential clubs, and sports complexes.

On the basis of end use, the global polymeric sand market has been categorized into commercial, residential, industrial, and municipal. The municipal segment held the largest market share in 2018 and is expected to be the fastest growing segment owing to increasing government spending on the infrastructural development of the municipal areas.

Competitive Analysis

The prominent players in the global polymeric sand market are Ash Grove Packaging (US), Fairmount Santrol (US), TECHNISEAL (Canada), Sakrete (US), Sable Marco Inc. (Canada), TCC Materials (US), Vimark S.r.l. (Italy), SEK SUREBOND (US), Alliance Designer Products Inc (Canada), and SRW Products (US), among others.

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Transparent Conductive Films Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Transparent Conductive Films Market Overview

Transparent conducting films are electrically conductive materials, majorly used as solar cells. Their application in the touch screen of smartphones and flat panel televisions is estimated to boost the demand. Transparent conducting films have high-performance and long-lasting properties, which make them ideal for application in electronic devices and flexible screens. For instance, the revenue from the sale of smartphones was USD 479 billion in 2017 and is expected to grow in the coming years, thus increasing the application of transparent conducting films in smartphones is positively influencing the global market growth.

The high demand for suitable transparent conductive film for application in flexible electronic devices is driving market growth. Silver nanowires are extensively used in flexible electronic devices and transparent heaters owing to their unique mechanical, optical, thermal, and electrical properties. Further, the increasing demand for consumer electronics such as LCD, tablets, notebooks, and wearables devices is estimated to boost the global market growth. For instance, China reported consumer electronics sale of USD 127.26 billion in 2019, the US consumer electronics market was reported to be USD 107 billion in 2018 and India reported USD 31 billion in 2017. Thus, the growth of the consumer electronics industry is estimated to propel the global market growth during the assessment period.

Transparent Conductive Films Market Segmentation

The global conductive films application market report has been segregated on the basis of material, application, and region. By material, the global transparent conductive films market is categorized into carbon nanotubes, metal mesh, silver nanowire, indium tin oxide on PET, indium tin oxide on glass. The carbon nanotubes segment is estimated to register healthy CAGR owing to their elastic and thermal properties.

Based on application, the global transparent conductive films industry has been segmented into LCD, smartphone, notebook, tablets, wearable devices, and others. The smartphone segment is projected to register significant CAGR owing to the increase in the sale of smartphones.

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Transparent Conductive Films Market Regional Analysis

North America lead the global transparent conductive films market owing to wide application in LCD and smartphone for example in 2013, 41.8 million LCD TVs were sold in the region. Economic development and a rise in consumer spending on electronics products is expected to fuel the regional market growth. Asia-Pacific is expected to register substantial growth due to the rise in the sale of smartphones, wearable devices, and notebooks lead by evolving consumer preference toward entertainment and accessibility to information.

Competitive Analysis

The leading players in the global transparent conductive films market are Nitto Denko Corporation (Japan), Teijin Ltd (Japan), TDK Corporation (Japan), Toyobo Co., Ltd (Japan), Gunze (Japan), Cambrios Technologies Corporation (US), Canatu OY (Finland), C3nano (China), Dontech Inc (US), Chasm Technologies, Inc (US), ILJIN display Co., Ltd (South Korea), Hitachi Chemical Company, Ltd (Japan), Evaporated Coatings, Inc (US), Eikos Inc (US), Max Film, Inc (India), among others.

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Activated Carbon Market Demand, Application, Growth, Overview, Share, Forecast 2030

Activated Carbon Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Activated Carbon Market, 2023. The activated carbon market in Asia-Pacific is expected to register significant growth during the review period owing to the increasing need for purification and treatment of water in the household, commercial, and industrial sources. The scarcity of water in the region has driven the concern over water re-use and hence the demand for activated carbon in water purification purpose in the region. The regulations pertaining to the treatment and release of industrial waste effluents by the government bodies are expected to fuel the demand for activated carbon in the coming years. Moreover, the robust growth of the chemicals, food & beverage, and energy industries in the economies of China, India, and Indonesia is further expected to boost the product demand in the regional market.

The significant growth of the automotive industry in the region and increasing use of activated carbon to curb the gaseous emissions from automobiles is projected to propel the growth of the regional market during the forecast period. China is the leading producer and consumer of activated carbon globally and the major electric vehicles producer in the world. Furthermore, due to the imposition of China 6 emission standards (based on Euro 6 standards) for light-duty vehicles in December 2016, which requires the automakers to meet these standards from July 2020, the demand for electric vehicles and low-emission automobiles is expected to rise in the coming years. This is likely to fuel demand for activated carbon in China and propel the growth of the regional market in the years to follow.

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In 2017, North America and Europe were the major consumers of the activated carbon, wherein North America being the second-largest. In the coming years, the growth of these regional markets is expected to be at a steady rate due to the stringent regulations pertaining to gaseous emissions and emerging electric vehicles market in these regions.

Activated Carbon Market Segmentation

The global activated carbon market share has been classified on the basis of type, application, and region.

On the basis of type, the global activated carbon industry has been segmented into powdered activated carbon, granulated activated carbon, extruded activated carbon, and others.

Based on application, the global activated carbon market has been categorized into water purification, air purification, food and beverage, industrial chemicals, metal extraction, pharmaceuticals, automotive, catalyst, and others.

Activated Carbon Market Key Players

The key players operating in the global activated carbon market are Cabot Corporation (US), Osaka Gas Chemicals Co., Ltd (Japan), Kuraray Co., Ltd (Japan), Haycarb (Pvt) Ltd (Sri Lanka), Kureha Corporation (Japan), Donau Carbon GmbH (Germany), DESOTEC Activated Carbon (Belgium), Oxbow Activated Carbon (US), Silcarbon Aktivkohle GmbH (Germany), Prominent Systems, Inc. (US), and Lenntech BV (the Netherlands), among others.

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