#Extruded Plastics Market Development
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nanjingmarrow · 4 days ago
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What is the Most Important Factor When Choosing a Straw Machine?
There are many types of straw machines on the market, but the most critical point in choosing a straw machine is the screw of the straw machine. The design of the screw determines the production quality of the straw. A suitable screw is essential for producing high-quality PLA (polylactic acid) straws.
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When selecting a straw making machine, it’s important to consider the length-to-diameter ratio of the screw. This ratio is particularly crucial for producing PLA straws. The larger the ratio, the better the mixing effect of the screw, which enhances the uniform plasticization of the raw materials and ensures the consistent quality of the PLA straws. 
For example, straw machinery expert Mr. Ling Hongjun developed a PLA straw extruder that features a patented screw design incorporating a pineapple pin and BM separation structure. With a length-to-diameter ratio of 33:1, this screw design supports both PLA and PP (polypropylene) materials. This advanced design improves the mixing and plasticization of the raw material, ensuring the production of high-quality PLA straws.
In addition to the screw’s length-to-diameter ratio, the heating system on the screw is another critical consideration. A highly efficient infrared heating coil, combined with a cooling fan, can ensure stable heating temperatures while conserving energy. This setup prevents the production environment from being affected by temperature fluctuations, further contributing to consistent straw quality.
Beyond the screw design, you should also consider the type, color, and shape of the straws you intend to produce.
Type: Different machines cater to different straw types, such as milk tea straws, drinking straws, and artistic straws. For instance, if you’re looking to produce milk tea straws, you can choose the ML12 PLA two-color milk tea straw machine, which can realize the production of two-color milk tea straws and has a large extrusion volume. It is a professional straw machine for producing PLA straws.
PLA Two Colour Drinking Straw Machine
Color: There are single-color straw machines, two-color straw machines, five-color straw machines, etc. If you want to produce colorful straws, you can choose the ML15 five-color straw machine, which can realize the production of straws in multiple colors and is a professional straw machine for producing various beverage straws.
Five Colors Drinking Straw Machine Shape: If you’re planning to produce bendable straws, the ML24 high-speed series fully automatic bending straw machine could be an excellent option. This machine automatically processes straight straws into bendable ones and efficiently delivers finished products, making it highly effective for large-scale production. PP Flexible Straw Auto Making Machine
In summary, choosing a straw making machine or Straw Making Machines Manufacturer with the right screw design ensures both the consistent quality and production efficiency of PLA straws. Additionally, consider your specific needs, such as the type, color, and shape of the straws you want to produce. If you’re still unsure about which straw machine to choose, feel free to consult experienced straw machine experts in China.
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marketingreportz · 8 days ago
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3D Printing Plastic Market,Industry Forecast, 2024–2030.
3D Printing Plastic Market size is forecast to reach $3,004.71 million by 2030, after growing at a CAGR of 17.1% during 2024–2030. Globally, the demand for 3D printing plastic is rising from various application sectors such as aerospace and defense, electrical and electronics, and healthcare, by reducing the efforts, time, and costs incurred in the project. The increasing demand for 3D printing plastic from various industries, such as aerospace, automotive, healthcare, and electronics, for applications such as prototyping, tooling, and functional parts. The cost-effectiveness, strength, durability, and versatility of 3D printing plastic compared to other materials. The development of new types and grades of 3D printing plastic, such as biodegradable, conductive, and flexible plastics. The increasing use of photopolymers and polyamide (nylon) materials in 3D printing owing to its alluring properties is estimated to drive the 3D printing plastics market growth. Furthermore, the development of innovative, stronger, lighter, and safer components and parts with lower lead times and costs is anticipated to create new opportunities for the growth of the global 3D printing plastic industry in the forecast period.
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Covid-19 Impact
The rise in positive COVID-19 cases worldwide generated a huge demand for the 3D printing plastics market from the healthcare sector. The market for medical components such as face shields, masks, ventilator vales, and others has seen an upsurge since the outbreak of COVID-19. Owing to the COVID-19 palindrome the increasing demand of medical components from across the globe, has also increased the demand for 3D printing adoption in various regions.
Market Snapshot :-
3D Printing Plastic Market Report Coverage
The: “3D Printing Plastic Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the 3D Printing Plastic Market. By Form: Filament, Ink, and Powder.
By Type: Polycarbonates, Photopolymers, Acrylonitrile Butadiene Styrene (ABS), Polyamide/Nylon, Polylactic Acid, Polyethylene Terephthalate (PET), Glycolized polyester (PETG), High Performance Polymers, and Others.
By Application: Prototyping, Automotive, Healthcare, Consumer Goods, Aerospace & Defence, Electrical & Electronics, and Others.
By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle east and Africa).
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Key Takeaways
The rising demand for laser sintering technology by engineers and manufacturers in various commercial sectors will increase the demand for polyamide (nylon), which is further expected to drive the 3D printing plastic industry growth.
Owing to the ability of the plastic being shaped easily, they are used in the initial stages of the onset of 3D printers. Very recently, NASA has been using space-based 3D printers with plastic as the key material for space-based objects.
Also, the rise of the automobile industry is set to hold the market for 3D printing plastics at its height in the years to come. Quick advances in diverse materials and technology are allowing the industry to gain momentum.
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3D Printing Plastic Market Segment Analysis — By Form
Filament form is widely used in the 3D Printing Plastic Market. They are only manufactured and consumed in two diameters, namely 1.75 mm and 3 mm. By using the process of heating, extruding and cooling plastic, filament form is produced to turn nurdles into finished product. Thus, it is possible to dye these filaments in various colours. Also, due to their flexible properties there is an increase in demand from several application industries such as food packaging, tableware, upholstery, and disposable clothing.
3D Printing Plastic Market Segment Analysis — By Type
Polyamide/Nylon segment held the largest share in the 3D Printing Plastic Market in 2023. Nylon (known as polyamide) is a synthetic linear polyamide thermoplastic and is a well-known 3D printing filament owing to its stability, toughness, low friction and corrosion resistance. Nylon is also a common substance used in the manufacture of clothing and accessories. Due to its improved strength and elasticity over PLA and ABS, Nylon is ideal for manufacturing uses, such as machine parts or equipment, or the replacement of automotive parts. As compared to ABS and PLA Nylon is tougher and more resistant to chemicals, but its poor strength and hardness prohibits it from being commonly used in the manufacturing industry. With the increasing demand for nylon the market for 3D printing plastic is also estimated to rise in the forecast period.
3D Printing Plastic Market Segment Analysis — By Application
Prototyping segment held the largest share in the 3D Printing Plastic Market in 2023 and is projected to grow at a CAGR of 17.1% during the forecast period 2024–2030. Creating a concept can be a costly and slow process. Fortunately, certain methods are available to help you enhance the product creation process, helping to make high-quality prototypes at a cheaper cost. From office to the factory floor, 3D printers produce plastic concept models, precision and practical prototypes, master patterns and actual end-use components for refining every project, streamlining the workflows and getting creative products to the market quicker. Besides, 3D printing plastic is the best solution for designing the prototypes. By beginning to create the 3D printing project, one will have access to a wide variety of efficient 3D printing supplies, saving time and resources. Thus, rising usage of 3D printing plastic for prototyping applications is set to drive the market growth over the forecast period.
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3D Printing Plastic Market Segment Analysis — By Geography
North America held the largest share with 51% in 3D Printing Plastic Market in 2023 Due to the increasing demand for 3D printing plastics in medical devices and equipment, and the increasing adoption of 3D printing technology in U.S., Canada, Mexico and various other countries in the region is set to drive the market growth in the upcoming future. According to the U.S. Department of Health and Human Services, the Fiscal Year (FY) 2023 budget represents the responsibilities of the U.S. government to advance a patient-centered healthcare system. The budget proposes a discretionary budget authority of $96.1 billion and mandatory support for Health and Human Services of $1.86 trillion.Thus, the rising investments by the government in the healthcare sector are estimated to boost the 3D Printing Plastic Market growth in the forecast period.
3D Printing Plastic Market Drivers
Rising Demand for 3D Printing Plastic from the Healthcare Industry
Rising usage of 3D printing plastic in the healthcare sector is driving the market growth. Key factors driving demand in the medical industry for 3D printing plastics include cost-effectiveness, ease of customization, as well as the rising occurrence of vascular and osteoarthritis diseases. Polyamide or nylon is often used for injection molding in medical device owing to its inflexible nature, strength, chemical compatibility, and temperature resilience. Increasing use of photopolymers for high-resolution, ultra-fine parts in medical devices will also drive the market growth. Moreover, the market demand in medical applications is expected to be fueled by advanced 3D technology, favorable government funding, and rapid product growth. According to the India Brand Equity Foundation, the government of India aims to increase the healthcare spending to 3% of the GDP by 2022, which means the healthcare sector will rise three-fold to Rs. 8.6 trillion (US$ 133.44 billion). Hence, the growing demand for 3D printing plastic from the healthcare sector will raise the growth for 3D Printing Plastic Market in the forecast period.
Increasing Demand for Biodegradable Materials for 3D printing
The growing need for the “green” alternative to traditional polymers has propelled the demand for polylactic acid in the 3D printing plastic industry. Since, polylactic acid is very inexpensive, easy to print, and produces components that can be used for a wide variety of applications, it is the ideal first material to be used in 3D printing. It is also one of the most environmental friendly products made from crops such as corn and cane that are used today. This material is thermoplastic aliphatic polyester and is the predominant natural raw material that consists of recycled raw materials used in 3D printing plastics. For most extrusion-based 3D printing, polylactic acid is also the default filament of choice, since it can be printed at low temperatures and does not require a heated bed. Thus, with the rising demand for biodegradable materials the growth for 3D printing plastics market is estimated to rise in the forecast period.
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3D Printing Plastic Market Challenges
Environmental Issues Regarding 3D Printing Plastic Materials will Hamper the Market Growth
Over the last few years, one environmental issue has gradually stolen the spotlight that is plastic pollution. The reliance on plastics-especially single-use plastics-is now one of the world’s leading environmental concerns. 3D printing uses the flexible, durable design of plastics in a wide variety of applications, from aerospace to healthcare. Polyethylene terephthalate (PET) is one of the most common filaments used in plastics such as bottles of disposable beverages and food packaging. Other filaments include polycarbonate and ABS: both are relatively inexpensive, flexible and easy to manufacture. Unfortunately, these materials are not commonly recyclable and so any waste generated in the printing process would find its way to the landfill or to the natural environment. Thus, rising environmental concerns due to the use of various 3D printing plastics is estimated to hinder the 3D printing plastics market growth.
3D Printing Plastic Market Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Printing Plastic Market. Major players in the 3D Printing Plastic Market are:
3D Systems Corporation
Arkema SA
Stratasys, Ltd.
Evonik Industries AG
HP Inc.
SABIC
DowDuPont Inc.
EOS GmbH Electro Optical Systems
Solvay
Royal DSM N.V., among others.
Acquisitions/Technology Launches
In March 2023, BASF SE acquired Sculpteo, a French online 3D printing service provider, to expand its 3D printing solutions portfolio and customer base.
In February 2023, Arkema acquired Lambson, a UK-based company that specializes in photo initiators for 3D printing, to strengthen its position in the 3D printing market and offer innovative solutions for UV-curable resins.
In January 2023, Stratasys Ltd. acquired Origin, a US-based company that develops 3D printers and materials for mass production, to enhance its capabilities in the fast-growing segment of end-use parts.
In December 2022, Evonik Industries AG acquired 3D Printing Materials, a US-based company that produces high-performance thermoplastics for 3D printing, to broaden its product portfolio and customer base in the additive manufacturing market.
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raghavpolymers49 · 15 days ago
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BOPET and BOPP Films Manufacturer
Introduction
BOPET (Biaxially Oriented Polyethylene Terephthalate) and BOPP (Biaxially Oriented Polypropylene) films are two of the most widely used flexible packaging materials in various industries, from food to electronics. Their unique properties, such as durability, transparency, and barrier performance, make them essential in packaging solutions. This article delves into the manufacturing processes of BOPET and BOPP films, the key players in the market, and the future of these vital materials.
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The Significance of BOPET and BOPP Films
BOPET Films: BOPET films are known for their excellent mechanical properties, high tensile strength, and resistance to moisture, chemicals, and UV radiation. These attributes make BOPET ideal for applications in food packaging, electrical insulation, and medical supplies. The film is also appreciated for its clarity and gloss, enhancing product visibility on retail shelves.
BOPP Films: BOPP films are recognized for their lightweight nature, excellent barrier properties, and thermal stability. They are commonly used in packaging snacks, confectionery, and personal care products. BOPP films are also widely used in labeling and as a substrate for printing, thanks to their good surface properties.
Manufacturing Processes
The production of BOPET and BOPP films involves several steps:
Resin Production: BOPET is made from polyethylene terephthalate (PET) resin, while BOPP is produced from polypropylene resin. Both types of resin undergo polymerization to create the base material.
Film Extrusion: The resin is melted and extruded into a film. This initial film is typically thick and requires further processing.
Biaxial Orientation: The film is stretched in both the machine direction and the transverse direction. This biaxial orientation enhances the film’s strength, clarity, and barrier properties.
Heat Setting: After orientation, the films undergo heat setting to stabilize their dimensions and improve thermal properties.
Surface Treatment: Many manufacturers apply surface treatments to improve adhesion for printing or lamination, making the films suitable for a variety of applications.
Challenges in the Industry
The BOPET and BOPP film manufacturing sector faces several challenges:
Environmental Concerns: The production and disposal of plastic films contribute to environmental pollution. Manufacturers are increasingly focusing on developing recyclable and biodegradable alternatives.
Raw Material Costs: Fluctuations in the prices of petrochemical-based raw materials can impact production costs and profitability.
Competition: The global market for flexible packaging is competitive, with manufacturers needing to continuously innovate to maintain market share.
Future Outlook
The future of BOPET and BOPP films looks promising, driven by several trends:
Sustainability: As consumer awareness of environmental issues grows, manufacturers are investing in sustainable practices, including recycling initiatives and the development of bio-based films.
Technological Advancements: Innovations in production technology are expected to improve the performance of BOPET and BOPP films, making them suitable for even more specialized applications.
Market Growth: The demand for flexible packaging is expected to rise, particularly in emerging markets, driven by the growth of e-commerce and the need for convenient, ready-to-eat food products.
Conclusion
BOPET and BOPP films are indispensable components of modern packaging solutions, offering a unique combination of properties that cater to a wide range of industries. With a robust manufacturing base and a commitment to innovation, Indian manufacturers are well-positioned to meet the growing global demand for these films. As the industry navigates challenges and embraces sustainable practices, the future of BOPET and BOPP films appears bright, promising new opportunities for manufacturers and consumers alike.
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amrutatbrc1 · 2 months ago
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Extruded Plastics Market : Technology Advancements, Industry Insights, Trends And Forecast 2033
The extruded plastics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
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Extruded Plastics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The extruded plastics market size has grown strongly in recent years. It will grow from $232.87 billion in 2023 to $246.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrialization and manufacturing growth, lightweighting in automotive, construction and infrastructure development, sustainable practices, consumer goods and packaging.
The extruded plastics market size is expected to see strong growth in the next few years. It will grow to $315.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to eco-friendly extruded plastics, electric and autonomous vehicles, infrastructure modernization, medical device manufacturing, advanced extrusion processes. Major trends in the forecast period include high-performance extruded plastics, 3d printing with extruded plastics, smart extruded products, co-extrusion technology, foam extrusion.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/extruded-plastics-global-market-report
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The rise of the packaging industry is significantly contributing to the growth of the extruded plastics market going forward. Packaging refers to enclosing or protecting products for distribution, storage, sale, and use. Extruded plastics are helpful in creating highly durable and effective packaging solutions. As a result, the rise of the packaging industry increases the demand for the extruded plastics market. For instance, in 2021, according to the India Brand Equity Foundation, an Indian government export promotion agency, packaging demand and consumption in India increased by 200%, which increased from 4.3 kgs per person per annum (PPPA) to 8.6 kgs PPPA. Therefore, the rise of the packaging industry is driving the growth of the extruded plastics market.
The extruded plastics market covered in this report is segmented –
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types 2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables 3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
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Regional Insights - Asia-Pacific was the largest region in the extruded plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the extruded plastics market during the forecast period. The regions covered in the extruded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies - Major companies operating in the extruded plastics market include Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., Bradnam's Windows & Doors, Fenesta Building Systems, PGT Innovations Inc., Geeta Aluminium Co. Pvt. Ltd., Ply Gem Holdings Inc., Andersen Corporation, Sapa Group, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, Bemis Company Inc., LyondellBasell Industries N.V., Trex Company Inc., Teijin Limited, Borealis AG, Westlake Corporation, NOVA Chemicals Corporation, Mitsubishi Chemical Group Corporation, Plastipak Holdings Inc., Sigma Plastics Group of FL, Bunzl Extrusions Inc., Avient Corporation, The Ensinger Group, REHAU Polymers Pvt Ltd, Primex Plastics Private Limited
Table of Contents 1. Executive Summary 2. Extruded Plastics Market Report Structure 3. Extruded Plastics Market Trends And Strategies 4. Extruded Plastics Market – Macro Economic Scenario 5. Extruded Plastics Market Size And Growth ….. 27. Extruded Plastics Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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pranalip · 3 months ago
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Thermoplastic Tapes Market Share, Trends, and Growth Reports | Global Insight Services
“Global Insight Services company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Thermoplastic Tapes are tapes composed of plastic materials that can be repeatedly softened and hardened by the application of heat. They are commonly used in a variety of industrial and consumer applications. They are well suited for applications requiring good electrical insulation, chemical resistance, and a wide range of temperature performance.
Thermoplastic tapes can be divided into two broad categories: thermoplastic elastomers (TPEs) and thermoplastic films (TPFs). TPEs are generally softer and more flexible than TPFs. TPEs are generally used in applications where flexibility and conformability are needed, such as electrical insulation, sealing, splicing, and gaskets. TPFs are generally stiffer and more rigid than TPEs and are used in applications where strength and dimensional stability are important, such as protective packaging, labeling, and insulation.
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Thermoplastic tapes are available in a wide variety of materials including polypropylene, polyethylene, polyvinyl chloride (PVC), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), and many others. Each material has its own unique properties and characteristics, and each can be tailored to meet the specific requirements of the application.
Thermoplastic tapes can be fabricated in a variety of ways. They can be extruded, cast, or laminated. Extrusion is the most common method and involves pushing the material through a die to form a continuous sheet or strip. Cast tapes are created by pouring the material into a mold and then curing it. Laminated tapes are created by bonding multiple layers of material together.
Thermoplastic tapes are widely used in a variety of industries and applications. They are used for electrical insulation, sealing, splicing, gaskets, and protective packaging. They are also used in medical and food packaging, labeling, and insulation.
Thermoplastic tapes are a versatile and cost-effective solution for a variety of applications. They offer good electrical insulation, chemical resistance, and a wide range of temperature performance. They are available in a variety of materials and can be tailored to meet specific application requirements.
Key Trends
Thermoplastic tapes are a type of adhesive tape that is heat-activated and used for a variety of applications. These tapes are made of a variety of materials such as polyethylene, polypropylene, polyvinyl chloride, polyester, and nylon. They are used in a variety of industries and applications, from medical and automotive to industrial and consumer products.
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The thermoplastic tape market has seen significant growth in recent years due to the increasing demand for lightweight, durable, and cost-effective solutions. This growth is driven by the rising demand for energy-efficient and sustainable products. As such, manufacturers are striving to develop products with improved performance and optimized cost. To meet this demand, manufacturers are exploring the latest trends in thermoplastic tapes technology.
One of the key trends in thermoplastic tapes technology is the development of advanced adhesive systems. Traditional thermoplastic tapes rely on solvent-based adhesives, which can be difficult to use and can have a negative environmental impact. To address this issue, manufacturers are developing new adhesive systems that are more user-friendly and environmentally friendly. These advanced adhesives are designed to provide superior adhesion and durability while also minimizing environmental impacts.
Another key trend in thermoplastic tapes technology is the development of new materials. Traditional thermoplastic tapes are made from polyethylene and polypropylene. However, manufacturers are now exploring the use of new materials such as polyvinyl chloride, polyester, and nylon. These materials offer improved performance characteristics and are more durable than traditional materials. As such, they are becoming increasingly popular in a variety of applications.
A third key trend in thermoplastic tapes technology is the development of self-adhesive tapes. Self-adhesive tapes are designed to be easily applied without the need for an adhesive. This makes them ideal for use in applications where an adhesive would be difficult to apply. In addition, self-adhesive tapes are also less expensive than traditional tapes, making them a more cost-effective solution.
Finally, manufacturers are also exploring the use of smart thermoplastic tapes. Smart thermoplastic tapes are designed to be used with sensors to monitor and control temperature and humidity levels. This technology can be used in a variety of applications, from packaging to medical devices. Smart thermoplastic tapes are also becoming increasingly popular in the automotive industry due to their ability to monitor and control temperature and humidity levels in vehicles.
In conclusion, the thermoplastic tape market is rapidly evolving, and manufacturers are exploring a variety of new trends in order to meet the growing demand for energy-efficient and sustainable solutions. Advanced adhesive systems, new materials, self-adhesive tapes, and smart thermoplastic tapes are some of the most important trends in thermoplastic tapes technology. These trends are helping to improve performance and optimize cost, making thermoplastic tapes an attractive solution for a variety of applications.
Key Drivers
The thermoplastic tapes market is driven by a number of factors. These include the increasing demand for thermoplastic tapes in a variety of industries, the growing use of thermoplastic tapes for packaging and labeling, the rising demand for thermoplastic tapes in medical applications, and the increasing availability of low-cost thermoplastic tapes.
The demand for thermoplastic tapes has increased significantly over the past few years due to their versatile nature and wide range of applications. Thermoplastic tapes can be used in a variety of industries, including automotive, construction, electronics, and medical. For instance, thermoplastic tapes are used for insulation in automotive wiring harnesses, sealing and joining in construction, and for protection against electromagnetic interference in electronics. In medical applications, thermoplastic tapes are used to secure dressings, catheters, and other medical devices.
The increasing use of thermoplastic tapes for packaging and labeling is another key driver of the thermoplastic tapes market. Thermoplastic tapes are used for sealing, labeling, and protecting products during shipping and handling. Additionally, thermoplastic tapes are used in a variety of labeling applications, including bar codes, product identification, and warning labels.
The growing demand for thermoplastic tapes in medical applications is another driver of the thermoplastic tapes market. Thermoplastic tapes are used in medical applications for a variety of reasons, including securing dressings, catheters, and other medical devices. Additionally, thermoplastic tapes are used in wound closure and as a barrier against infection.
The increasing availability of low-cost thermoplastic tapes is also driving the thermoplastic tapes market. Low-cost thermoplastic tapes are becoming increasingly available, which has enabled a wider range of customers to access them. This has increased the demand for thermoplastic tapes, as customers are able to purchase them at a lower cost.
In summary, the thermoplastic tapes market is driven by the increasing demand for thermoplastic tapes in a variety of industries, the growing use of thermoplastic tapes for packaging and labeling, the rising demand for thermoplastic tapes in medical applications, and the increasing availability of low-cost thermoplastic tapes. These drivers are expected to continue to support the growth of the thermoplastic tapes market over the coming years.
Research Objectives
Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
Identify factors influencing market growth and challenges, opportunities, drivers and restraints
Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation:
Thermoplastic Tapes Market is segmented into resin type, application, technology and region. Based on resin type the market is categorized into Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide and Others. On the basis of application, it is further segmented into Automotive, Aerospace and Defense, Electrical and Electronics, Building and Construction, Sports and Leisure and Others. Based on technology it is segmented into Hot-Melt Extrusion, Solvent Dipping, Pultrusion and Others. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .
Key Players:
The Thermoplastic Tapes Market Report includes players such as 3M Company (U.S), Avery Dennison Corporation (U.S), DuPont de Nemours, Inc. (U.S), Toray Industries, Inc. (U.S), Teijin Limited (Japan), Nitto Denko Corporation (Japan), Sekisui Chemical Co., Ltd. (Japan), Tesa SE (Germany), Saint-Gobain Performance Plastics (France) and BASF SE (Germany), among others.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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tamanna31 · 3 months ago
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Thermoplastic Vulcanizates Market Outlook, Research, Trends and Forecast to 2030
Thermoplastic Vulcanizates Industry Overview
The global thermoplastic vulcanizates market size was estimated at USD 1.65 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030. The market for thermoplastic vulcanizates (TPV) is expected to grow during the forecast period due to rising demand for lightweight, environmentally friendly solutions that offer exceptional durability as well as increased safety. High-performance elastomers known as thermoplastic vulcanizates (TPV) provide exceptional flexibility, processing ease, durability, and resistance to heat, fluids, and chemicals. Due to these qualities, they may be used to create lightweight automobile parts, including car doors, weather seals, and engine-related elements.
Thermoplastic Vulcanizates (TPV) are now increasingly being used as an alternative to PVC plastic due to several stringent regulations regarding the use of polyvinyl chloride (PVC) in the automotive industry, which in turn is expected to increase market demand in the coming years. In addition, a strong shift towards replacing metals with lightweight materials such as thermoplastic vulcanizates (TPV) to improve fuel efficiency in automobiles is expected to increase demand for thermoplastic vulcanizates (TPV) during the forecast period. TPVs are widely used for making automobiles' interior and exterior components, such as wiper systems, air guides and dams, spoilers and trims, and flappers. The inclination of consumers toward fuel-efficient vehicles across the globe is leading to rising demand for TPV in the automotive application and is expected to drive market growth over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Thermoplastic Vulcanizates Market
Favorable federal regulations set by agencies such as the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) on carbon emissions, along with EU initiatives to develop a TPV app to build light and fuel-efficient vehicles, are likely to boost market growth. The high raw material costs associated with EPDM are expected to hinder profitability.
Favorable government policies for encouraging lightweight and recyclable material applications in various industries including automotive and construction are expected to support the demand for thermoplastic vulcanizates over the forecast period. The investment of USD 2 trillion by the U.S. government as a part of the coronavirus responsible for the development of infrastructure, including hospital building and construction, is expected to further propel the demand for thermoplastic vulcanizates (TPV) in medical and fluid handling applications in the coming years.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
The North America tin cannabis packaging market size was estimated at USD 75.91 million in 2023 and is projected to grow at a CAGR of 12.8% from 2024 to 2030. 
The global BOPP dielectric films market size was estimated at USD 1.51 billion in 2023 and is projected to grow at a CAGR of 31.5% from 2024 to 2030.
Key Thermoplastic Vulcanizates Company Insights
Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.
In August 2023, Teknor Apex Company, Inc. announced the launch of its new Sarlink RX 3100B Series of TPVs containing up to 40% recycled content. These multi-purpose TPVs are suitable for various automotive applications, such as extruded seals, and offer sustainability benefits by reducing dependency on virgin petroleum-based plastics. The two new grades, with 84 Shore A and 94 Shore A hardness, are based on the existing Sarlink 3100 Series technology but incorporate post-industrial recycled (PIR) content, which provides a more controlled and consistent raw material stream compared to post-consumer recycled (PCR) content.
Key Thermoplastic Vulcanizates Companies:
The following are the leading companies in the thermoplastic vulcanizates market. These companies collectively hold the largest market share and dictate industry trends.
Dawn Polymer
Ravago Manufacturing.
RTP Company
DuPont de Nemours, Inc.
Mitsui Chemicals Inc.
Celanese Corp.
LyondellBasell Industries Holdings B.V.
Mitsubishi Chemical Corp.
KRAIBURG TPE GmbH & Co. KG
Teknor Apex Company, Inc.
Trinseo
Hexpol AB
JSR Corporation
Zeon Corporation.
Order a free sample PDF of the Thermoplastic Vulcanizates Market Study, published by Grand View Research.
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psatalk · 4 months ago
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Amcor Flexibles goes for Vetaphone corona equipment
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Amcor’s Gent production facility is a giant, housing gravure printing in up to nine colors, digital printing, solvent and water-based coating, lamination, coextrusion, both cast and film up to nine layers, and Vision Systems for conversion and extrusion. It all began back in 1925 with the production of cellophane, which was the first plastic material used for food packaging.  In 1950, the plant became the first to extrude in Europe, and by the 1960s Amcor Flexibles was making strides in the pharmaceutical, films & packaging, and chemical sectors, with the establishment of a strong R&D culture.
Throughout the 1990s, the Group expanded with numerous acquisitions, including Danisco, A&R, Rexam, and Tobepal, with extruded volumes being consolidated at Gent and the UK plant in Ilkeston.  2008 brought a major 17m Euros investment program at Gent with four new extrusion lines and the construction of a new production hall, while the acquisition of Alcan in 2010 saw conversion and extrusion separated at Gent and in 2019, with the addition of Bemis, the group became a major global leader in package print production.
Today, the Gent plant has a broad product range including peel and barrier packaging that serves all sectors.  PE, PP, PA, and PETg are extruded in up to nine layers and on the converting side, gravure and digital printing combine with lamination, coating, and slitting.  Both extrusion and converting sectors are monitored by Vison Systems to assure quality.
It was into this production environment that Vetaphone set about selling its surface treatment technology, as Dirk Den Haese, sales manager of Vetaphone Benelux explained, “The challenge of working with a large and diverse group like Amcor is knowing where to start! But I knew that the company valued its reputation for quality very highly, and that the accuracy of much of the packaging it produced was critical, so there was clearly no room for any weak link in the production chain.” 
Beginning in 1990, Vetaphone has supplied a diverse range of corona technology to the Belgian plant that ranges from 1400 to 2300 mm in web width and generators from 2 x 6kW for extrusion lines to 2 x 10kW for different lamination lines. For its food and pharmaceutical work, Amcor is using exclusively Vetaphone VP2 ceramic rollers to ensure no contamination from the silicone sleeves, vulcanized and aluminium backing rollers.
This has become a standard item for Amcor Flexibles in Gent, where the treaters have performed well, drawing praise for their low maintenance requirements and easy access, and reliable performance that provides the consistently even treatment essential for a quality end-product.
Speaking for Amcor, Andries Van Nieuwenhove, plant general manager at Amcor Flexibles Conversion Gent said, “It is key for us to have good partners who support us in our journey to be the reference supplier of specialty peelable and barrier laminates.”
Amcor is very proud of its customer engagement that takes a bespoke approach to the challenges of modern-day packaging. “From concept to prototype and onto production and recycling, the company works hard at being innovative,” according to commercial director Johan Van Wesemael.  “Using our in-house pilot line and all the analytical assets and expertise we have gathered we can speed up developments and through real-world testing deliver validated solutions.”
Proof of this attention to detail is the number of international quality recognition awards held by Amcor, including ISO 9001, 14001, 45001, 50001, along with ISTA, Ecovadis, and BRC accreditations.  They are, in fact, no more than one would expect from such a major player in the market, but are now the basic requirements for the food, pharma, and industrial sectors that Amcor supplies on a regular and global basis.
To put that size into perspective, Amcor employs 42,500 people across 220 locations in 43 countries – its packaging products are used by more than 4000 brand owners – it holds 3700 patents, trademarks, and registered designs, spends over €100m on R&D each year, enjoying an annual sales turnover of US$14 billion.  As Dirk Den Haese concluded, “If Vetaphone technology is good enough for Amcor, by association it makes us a global leader too – and it’s something we are very proud of!  I estimate we have now installed more than €1m’s worth of our technology at the Gent plant, making Amcor one of our largest customers in the Benelux region.”
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wizardphds · 4 months ago
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Eco-Friendly Plastics: Sustainable Solutions for a Greener Future
Plastic services and products have grown to be an integrated part of modern living, revolutionizing industries and improving daily conveniences. From family what to scientific advancements, the usefulness and flexibility of plastic have caused it to be a cornerstone of contemporary innovation. This informative article considers the range uses of plastic items, their effect on various industries, and the emerging developments in sustainable plastic solutions.
Plastic's versatility is one of their most crucial attributes. It could be cast, extruded, and shaped into an endless array of forms, rendering it ideal for making diverse products. In the house, plastic is found in everything from kitchenware to furniture. Lightweight, resilient, and usually cost-effective, plastic services and products have replaced old-fashioned products like steel, glass, and wood in lots of applications. Goods such as for example plastic containers, utensils, and storage answers present sensible benefits that improve everyday living.
In the medical area, plastic products have produced exceptional benefits to wellness and safety. Disposable plastic syringes, IV bags, and sterile presentation have revolutionized patient treatment by reducing the danger of contamination and infection. Advanced medical devices, including prosthetics and surgical tools, frequently incorporate plastic parts because of the freedom and resilience. These inventions have somewhat increased the grade of healthcare and individual outcomes.
The automotive and aerospace industries also gain greatly from plastic products. Light plastic components are used in car production to boost energy performance and minimize emissions. Parts such as dashboards, bumpers, and interior trim are often produced from high-strength plastics, adding to car protection and performance. In aerospace, plastic composites are accustomed to build lightweight yet strong parts, improving aircraft performance and reducing operational costs.
Plastic items have developed the technology industry. The supports of smartphones, notebooks, and different gadgets are normally made from sturdy pockets, giving protection and cosmetic appeal. Moreover, plastic components are built-in to the production of signal panels, ties, and different important digital parts. The utilization of plastic in technology has facilitated the creation of small, lightweight, and lightweight products that have become fundamental in modern life.
Regardless of the numerous features of plastic items, their environmental influence has changed into a growing concern. The deposition of plastic spend in landfills and oceans poses substantial ecological threats. In result, the is increasingly concentrating on sustainable solutions. Biodegradable pockets, made from renewable assets such as for instance corn starch or sugarcane, offer an eco-friendly alternative to standard petroleum-based plastics. These products breakdown easier in the environmental surroundings, reducing long-term pollution.
Recycling initiatives will also be developing momentum. Many plastic services and products can be recycled in to new items, minimizing spend and conserving resources. Impressive recycling technologies are being produced to enhance the performance and performance of plastic recycling processes. Furthermore, upcycling, which involves repurposing plastic spend into new, valuable services and products, is now a favorite practice. Innovative upcycling tasks convert discarded plastic in to things like furniture, artwork, and style components, showcasing the potential for a round economy.
Customer recognition and conduct play a crucial position in marketing sustainable plastic use. By selecting products and services produced from recycled or biodegradable plastics and promoting companies devoted to environmental duty, people may contribute to lowering plastic pollution. Educating the public about the importance of proper removal and recycling can further increase initiatives to mitigate the environmental impact of plastic products.
In summary, plastic items have somewhat formed contemporary life, offering unmatched versatility, toughness, and advancement across various industries. While the environmental challenges posed by plastic waste are significant, breakthroughs in sustainable resources and recycling methods provide a cure for a far more eco-friendly future. By adopting Bottles use and encouraging sustainable initiatives, culture may continue to take advantage of the exceptional benefits of plastic services and products while reducing their ecological footprint.
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healthcarehubhh · 4 months ago
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Medical Tubing: Enabling Life-Saving Technology
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Global Demand is Driving Innovation The global medical tubing market is valued at over $12 billion and growing annually as new treatments and technologies save more lives around the world. As demand increases, material scientists and engineers are pushing the boundaries of innovation to develop tubing with ever more sophisticated properties tailored to each medical application. Polyolefin Tubing Remains Popular Choice Polyolefin plastics like polyethylene and polyurethane account for over 60% of the medical tubing market due to their biocompatibility, flexibility and cost effectiveness. Polyolefin tubing is used extensively in basic applications like intravenous and respiratory equipment where tubing must be flexible yet withstand routine handling and transportation. Advances in polymer chemistry allow polyolefin tubing to mimic the soft, resilient properties of natural rubber for enhanced user comfort. Silicone Tubing for Critical Applications Silicone remains the material of choice for medical applications requiring maximum flexibility, oxygen permeability and chemical resistance at elevated temperatures. Silicone tubing is widely used for blood oxygenators in heart-lung machines and for feeding tubes,gastric tubes and catheter components that must withstand repeated sterilization. New crosslinking and curing techniques have expanded the upper use limits of medical grade silicones for implantable devices. Engineering Sterilization Compatible PVC PVC continues to find niche applications due to its low cost and strength despite concerns over plasticizer leachability. Advances in PVC compounding and curing now allow production of medical grade PVC tubing that maintains flexibility through multiple high temperature sterilization cycles. New plasticized and non-plasticized formulations enable uses such as enteral feeding tubes where cost and strength are priorities. Tailoring Tubing for Advanced Procedures As minimally invasive procedures multiply, tubing engineers face new demands for customized properties. Laser cut multiple lumen tubing precisely patterns fluid pathways. Multi-layer co-extruded tubing isolates reactive components. Polymer blends impartself-lubricating properties to reduce friction during device placement. Embedded radioopaque fibers and radiopaque polymer additives improve visualization of tubing position during interventional procedures. Conformal coatings prevent particulation and particle migration to protect delicate blood contacting components. Regulatory Compliance Drives Quality Assurance manufacturers developing advanced formulations for laser cut, multi-lumen and coated tubing face strict regulatory standards. Material selection and processing must minimize particulate matter,extractables and leachables that could impact biocompatibility or thrombosis. Comprehensive testing characterizes material properties like durometer, tensile strength and compression set to ensure tubing maintains integrity under simulated use conditions. Traceability systems track raw material sourcing and finished tubing sterilization history. Quality management registrations to ISO standards reassure medical device OEMs of tubing supplier reliability and product safety. Sustainability Takes on New Meaning in Healthcare As healthcare costs rise globally, attention turns to reducing wasted materials and single-use devices. Engineers design multi-use configurations and reprocessing protocols for tubing sets. Antimicrobial and non-toxic polymer additives maintain hygienic properties through multiple sterilization cycles. "Green chemistry" initiatives aim to utilize renewable resources and minimize environmental impactcompared to petroleum-based plastics. As public awareness of sustainability issues grows,tubing component selection will increasingly considerFull Life Cycle Assessment factors from raw material extraction through final disposal.
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spookysaladchaos · 4 months ago
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Pet Food Extruders, Global Top 14 Players, Market Share and Ranking (2023)
Pet Food Extruders Market Summary
Pet Food Extruders are machines that are used to produce animal feed in the form of kibble or nuggets. These machines work by combining various ingredients, such as animal protein, grains, and vegetables, and then using heat and pressure to process and shape the mixture into bite-sized pieces. The extrusion process provides a uniform texture, shape, and density to the pet food, making it easier to digest and increasing its shelf life. Pet food extruders are widely used in the pet food industry to produce high-quality and nutritious food for dogs, cats, and other pets.
The main role of the pet food extruder is to cook and pasteurize pet food and feed in a very short time. Pet food processing technology forces the ingredients to mix via a helical screw and then through the die of the extruder. During the extrusion process, ingredients are ground, mixed and heat-treated. The result is a strip-shaped product (extrudate) which is subsequently dried.
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According to the new market research report "China Pet Food Extruders Market Report 2024-2030", published by QYResearch, the china Pet Food Extruders market size is projected to reach USD 149 million by 2030, at a CAGR of 5.9% during the forecast period.
Figure.   China Pet Food Extruders Market Size (US$ Million), 2019-2030
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Figure.   China Pet Food Extruders Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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According to QYResearch Top Players Research Center, the China key manufacturers of Pet Food Extruders include Shandong Arrow Machinery, Coperion, Bühler, Baker Perkins (Schenck Process), IDAH, Brabender GmbH, Wenger, ANDRITZ, FAMSUN, Shandong Saina Machinery Technology, etc. In 2023, the china top 10 players had a share approximately 68.0% in terms of revenue.
Figure.   Pet Food Extruders, China Market Size, Split by Product Segment
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In terms of product type, currently Twin Screw is the largest segment, hold a share of 75.0%.
Figure.   Pet Food Extruders, China Market Size, Split by Application Segment
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In terms of product application, currently Dry Pet Food is the largest segment, hold a share of 61.3%.
Trend:
Increasing Demand for Premium Pet Food:Now people's requirements for pet food are more high-end and personalized, and they are more interested in functional pet food with additional health benefits. The demand for premium pet food containing premium and nutrient-dense ingredients is increasing.
Technological Advancements:Continuously increasing R&D investments and advancements in pet food extrusion technology. Advances in extrusion technology enable the production of pet food with optimal texture, nutritional content and flavor. Advances in technology have made pet food extruders more efficient, reliable and cost-effective. Automation and the use of artificial intelligence (AI) are also increasing in the pet food manufacturing process.
Sustainability:As people become more aware of environmental issues, pet owners are also starting to pay attention to sustainable and eco-friendly products. Pet food extruder manufacturers now offer eco-friendly materials and packaging for pet food.
About The Authors
Jiashi Dong
Lead Author
QYResearch Nanning Branch Analyst, as a member of the QYResearch Semiconductor Equipment and Materials Department, his main research areas include automotive electronics, semiconductor equipment, materials and thermally conductive powders. Some subdivided research topics include automotive diodes, automotive inductors, automotive lidar, radio frequency power supplies, plastic sealing machines, high-purity non-ferrous metals, battery materials, precursors, electroplating equipment, thermal conductive ball aluminum, semiconductor chemical plating solutions, semiconductor coating devices, etc. At the same time, he is also engaged in the development of market segment reports and participates in the writing of customized projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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spicolyplastics · 4 months ago
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Unlocking the Power of Engineering Plastics: Revolutionising Product Design & Performance
Engineering plastics have emerged as a game changer in the ever-changing manufacturing world, offering a slew of advantages that are transforming product design and performance in various industries. These advanced engineering plastic products are changing the way you approach product development, providing unparalleled benefits that drive innovation and success.
Exceptional Strength & Durability
One of the primary advantages of engineering plastics products is their high strength and durability. These materials are designed to withstand extreme temperatures, high-impact forces, and harsh environmental conditions, making them ideal for applications requiring dependability and longevity. By incorporating engineering plastics into product designs, manufacturers can create wear-resistant components, lowering the risk of failure and extending the life of their products.
Lightweight & Versatile
Engineering plastics products have a unique combination of strength and lightweight properties, making them a popular choice for a variety of applications. These materials can be customised to meet specific needs, such as flexibility, heat resistance, or electrical insulation, enabling the development of innovative and adaptable products. Engineering plastics can improve portability, energy efficiency, and transportation costs by reducing overall product weight, resulting in increased cost savings and environmental benefits.
Enhanced Design Flexibility
Engineering plastics are versatile in more ways than just their physical properties; they also provide unparalleled design flexibility. These materials can be easily moulded, extruded, or machined into complex shapes and intricate designs, allowing manufacturers to produce products that are both aesthetically pleasing and functional. This design flexibility enables the development of products that are tailored to specific user requirements, thereby increasing overall customer satisfaction and market appeal.
Cost-Effective Manufacturing
While engineering plastics require a higher initial investment than traditional materials, they provide significant long-term cost savings. These materials are easily mass-produced using efficient manufacturing processes like injection moulding or extrusion, which reduces labour costs and production time. Furthermore, the lightweight nature of engineering plastics can result in lower transportation and storage costs, increasing their cost-effectiveness.
Improved Environmental Sustainability
As sustainability becomes more important in product development, engineering plastics provide an appealing solution. Many engineering plastics products are recyclable, allowing materials to be reused while also reducing waste. Furthermore, these materials' lightweight properties can help improve fuel efficiency and lower carbon emissions during transportation, making them a more environmentally friendly option than heavier traditional materials.
Enhanced Product Performance
Manufacturers can create products that perform and function better by leveraging the unique properties of engineering plastics. These materials can be engineered to withstand extreme temperatures, resist corrosion, and provide excellent insulation, making them ideal for use in industries like automotive, aerospace, and electronics. By incorporating engineering plastics into their products, manufacturers can improve reliability, and safety, and provide their customers with a better user experience.
In conclusion, engineering plastics products provide numerous advantages that are transforming the world of product design and manufacturing. From exceptional strength and durability to increased design flexibility and environmental sustainability, these advanced materials are propelling innovation and success in a variety of industries. By embracing the power of engineering plastics, producers can create products that are not only visually appealing but also highly functional, dependable, and cost-effective, resulting in increased value for their customers and stakeholders.
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marketingreportz · 29 days ago
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3D Printing Plastic Market Industry Forecast, 2024–2030
3D Printing Plastic Market Overview
3D Printing Plastic Market size is forecast to reach $3,004.71 million by 2030, after growing at a CAGR of 17.1% during 2024–2030. Globally, the demand for 3D printing plastic is rising from various application sectors such as aerospace and defense, electrical and electronics, and healthcare, by reducing the efforts, time, and costs incurred in the project. The increasing demand for 3D printing plastic from various industries, such as aerospace, automotive, healthcare, and electronics, for applications such as prototyping, tooling, and functional parts. The cost-effectiveness, strength, durability, and versatility of 3D printing plastic compared to other materials. The development of new types and grades of 3D printing plastic, such as biodegradable, conductive, and flexible plastics. The increasing use of photopolymers and polyamide (nylon) materials in 3D printing owing to its alluring properties is estimated to drive the 3D printing plastics market growth. Furthermore, the development of innovative, stronger, lighter, and safer components and parts with lower lead times and costs is anticipated to create new opportunities for the growth of the global 3D printing plastic industry in the forecast period.
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Covid-19 Impact
The rise in positive COVID-19 cases worldwide generated a huge demand for the 3D printing plastics market from the healthcare sector. The market for medical components such as face shields, masks, ventilator vales, and others has seen an upsurge since the outbreak of COVID-19. Owing to the COVID-19 palindrome the increasing demand of medical components from across the globe, has also increased the demand for 3D printing adoption in various regions.
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3D Printing Plastic Market Report Coverage
The: “3D Printing Plastic Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the 3D Printing Plastic Market. By Form: Filament, Ink, and Powder.
By Type: Polycarbonates, Photopolymers, Acrylonitrile Butadiene Styrene (ABS), Polyamide/Nylon, Polylactic Acid, Polyethylene Terephthalate (PET), Glycolized polyester (PETG), High Performance Polymers, and Others.
By Application: Prototyping, Automotive, Healthcare, Consumer Goods, Aerospace & Defence, Electrical & Electronics, and Others.
By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle east and Africa).
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Key Takeaways
The rising demand for laser sintering technology by engineers and manufacturers in various commercial sectors will increase the demand for polyamide (nylon), which is further expected to drive the 3D printing plastic industry growth.
Owing to the ability of the plastic being shaped easily, they are used in the initial stages of the onset of 3D printers. Very recently, NASA has been using space-based 3D printers with plastic as the key material for space-based objects.
Also, the rise of the automobile industry is set to hold the market for 3D printing plastics at its height in the years to come. Quick advances in diverse materials and technology are allowing the industry to gain momentum.
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3D Printing Plastic Market Segment Analysis — By Form
Filament form is widely used in the 3D Printing Plastic Market. They are only manufactured and consumed in two diameters, namely 1.75 mm and 3 mm. By using the process of heating, extruding and cooling plastic, filament form is produced to turn nurdles into finished product. Thus, it is possible to dye these filaments in various colours. Also, due to their flexible properties there is an increase in demand from several application industries such as food packaging, tableware, upholstery, and disposable clothing.
3D Printing Plastic Market Segment Analysis — By Type
Polyamide/Nylon segment held the largest share in the 3D Printing Plastic Market in 2023. Nylon (known as polyamide) is a synthetic linear polyamide thermoplastic and is a well-known 3D printing filament owing to its stability, toughness, low friction and corrosion resistance. Nylon is also a common substance used in the manufacture of clothing and accessories. Due to its improved strength and elasticity over PLA and ABS, Nylon is ideal for manufacturing uses, such as machine parts or equipment, or the replacement of automotive parts. As compared to ABS and PLA Nylon is tougher and more resistant to chemicals, but its poor strength and hardness prohibits it from being commonly used in the manufacturing industry. With the increasing demand for nylon the market for 3D printing plastic is also estimated to rise in the forecast period.
3D Printing Plastic Market Segment Analysis — By Application
Prototyping segment held the largest share in the 3D Printing Plastic Market in 2023 and is projected to grow at a CAGR of 17.1% during the forecast period 2024–2030. Creating a concept can be a costly and slow process. Fortunately, certain methods are available to help you enhance the product creation process, helping to make high-quality prototypes at a cheaper cost. From office to the factory floor, 3D printers produce plastic concept models, precision and practical prototypes, master patterns and actual end-use components for refining every project, streamlining the workflows and getting creative products to the market quicker. Besides, 3D printing plastic is the best solution for designing the prototypes. By beginning to create the 3D printing project, one will have access to a wide variety of efficient 3D printing supplies, saving time and resources. Thus, rising usage of 3D printing plastic for prototyping applications is set to drive the market growth over the forecast period.
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3D Printing Plastic Market Segment Analysis — By Geography
North America held the largest share with 51% in 3D Printing Plastic Market in 2023 Due to the increasing demand for 3D printing plastics in medical devices and equipment, and the increasing adoption of 3D printing technology in U.S., Canada, Mexico and various other countries in the region is set to drive the market growth in the upcoming future. According to the U.S. Department of Health and Human Services, the Fiscal Year (FY) 2023 budget represents the responsibilities of the U.S. government to advance a patient-centered healthcare system. The budget proposes a discretionary budget authority of $96.1 billion and mandatory support for Health and Human Services of $1.86 trillion.Thus, the rising investments by the government in the healthcare sector are estimated to boost the 3D Printing Plastic Market growth in the forecast period.
3D Printing Plastic Market Drivers
Rising Demand for 3D Printing Plastic from the Healthcare Industry
Rising usage of 3D printing plastic in the healthcare sector is driving the market growth. Key factors driving demand in the medical industry for 3D printing plastics include cost-effectiveness, ease of customization, as well as the rising occurrence of vascular and osteoarthritis diseases. Polyamide or nylon is often used for injection molding in medical device owing to its inflexible nature, strength, chemical compatibility, and temperature resilience. Increasing use of photopolymers for high-resolution, ultra-fine parts in medical devices will also drive the market growth. Moreover, the market demand in medical applications is expected to be fueled by advanced 3D technology, favorable government funding, and rapid product growth. According to the India Brand Equity Foundation, the government of India aims to increase the healthcare spending to 3% of the GDP by 2022, which means the healthcare sector will rise three-fold to Rs. 8.6 trillion (US$ 133.44 billion). Hence, the growing demand for 3D printing plastic from the healthcare sector will raise the growth for 3D Printing Plastic Market in the forecast period.
Increasing Demand for Biodegradable Materials for 3D printing
The growing need for the “green” alternative to traditional polymers has propelled the demand for polylactic acid in the 3D printing plastic industry. Since, polylactic acid is very inexpensive, easy to print, and produces components that can be used for a wide variety of applications, it is the ideal first material to be used in 3D printing. It is also one of the most environmental friendly products made from crops such as corn and cane that are used today. This material is thermoplastic aliphatic polyester and is the predominant natural raw material that consists of recycled raw materials used in 3D printing plastics. For most extrusion-based 3D printing, polylactic acid is also the default filament of choice, since it can be printed at low temperatures and does not require a heated bed. Thus, with the rising demand for biodegradable materials the growth for 3D printing plastics market is estimated to rise in the forecast period.
3D Printing Plastic Market Challenges
Environmental Issues Regarding 3D Printing Plastic Materials will Hamper the Market Growth
Over the last few years, one environmental issue has gradually stolen the spotlight that is plastic pollution. The reliance on plastics-especially single-use plastics-is now one of the world’s leading environmental concerns. 3D printing uses the flexible, durable design of plastics in a wide variety of applications, from aerospace to healthcare. Polyethylene terephthalate (PET) is one of the most common filaments used in plastics such as bottles of disposable beverages and food packaging. Other filaments include polycarbonate and ABS: both are relatively inexpensive, flexible and easy to manufacture. Unfortunately, these materials are not commonly recyclable and so any waste generated in the printing process would find its way to the landfill or to the natural environment. Thus, rising environmental concerns due to the use of various 3D printing plastics is estimated to hinder the 3D printing plastics market growth.
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3D Printing Plastic Market Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Printing Plastic Market. Major players in the 3D Printing Plastic Market are:
3D Systems Corporation
Arkema SA
Stratasys, Ltd.
Evonik Industries AG
HP Inc.
SABIC
DowDuPont Inc.
EOS GmbH Electro Optical Systems
Solvay
Royal DSM N.V., among others.
Acquisitions/Technology Launches
In March 2023, BASF SE acquired Sculpteo, a French online 3D printing service provider, to expand its 3D printing solutions portfolio and customer base.
In February 2023, Arkema acquired Lambson, a UK-based company that specializes in photo initiators for 3D printing, to strengthen its position in the 3D printing market and offer innovative solutions for UV-curable resins.
In January 2023, Stratasys Ltd. acquired Origin, a US-based company that develops 3D printers and materials for mass production, to enhance its capabilities in the fast-growing segment of end-use parts.
In December 2022, Evonik Industries AG acquired 3D Printing Materials, a US-based company that produces high-performance thermoplastics for 3D printing, to broaden its product portfolio and customer base in the additive manufacturing market.
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priyanshisingh · 4 months ago
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Aluminum Extrusion Market Forecast and Analysis Report (2023-2032)
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The Aluminum Extrusion Market is projected to grow from USD 81,423.94 million in 2023 to an estimated USD 162,766.83 million by 2032, with a compound annual growth rate (CAGR) of 8.00% from 2024 to 2032.
Aluminum extrusion is a manufacturing process that involves forcing aluminum alloy material through a die with a specific cross-sectional profile. During this process, the aluminum is heated and then pushed through the die, which shapes it into the desired form. This method is highly versatile, allowing for the creation of a wide range of complex and precise shapes that are lightweight, strong, and resistant to corrosion. Aluminum extrusions are used extensively in various industries, including construction, automotive, aerospace, and electronics, due to their excellent strength-to-weight ratio, durability, and ability to be easily fabricated and machined. The process also supports sustainable manufacturing practices, as aluminum is highly recyclable and retains its properties after being recycled.
The Aluminum Extrusion Market faces several challenges that impact its growth and development. These challenges include:
1. Raw Material Price Volatility
Issue: Fluctuations in the prices of raw aluminum due to market dynamics, geopolitical factors, and supply chain disruptions can lead to unpredictable costs for manufacturers.
Impact: This price volatility can affect profit margins and make it difficult for companies to plan long-term investments and pricing strategies.
2. Energy Consumption and Environmental Concerns
Issue: The aluminum extrusion process is energy-intensive, contributing to high operational costs and significant carbon emissions.
Impact: Increasing regulatory pressure to reduce carbon footprints and the need for more sustainable practices can lead to higher compliance costs and necessitate investments in energy-efficient technologies.
3. Competition from Alternative Materials
Issue: The market faces competition from alternative materials such as composites, plastics, and other metals that may offer similar or superior properties for certain applications.
Impact: This competition can limit market growth and force aluminum extruders to innovate and improve the performance and cost-effectiveness of their products.
4. Technical Challenges and Innovation Requirements
Issue: The need for constant innovation to meet the evolving demands of industries such as automotive, aerospace, and construction requires significant investment in research and development.
Impact: Smaller companies may struggle to keep up with these demands, leading to potential market consolidation and a competitive disadvantage for less innovative firms.
5. Supply Chain Disruptions
Issue: Global supply chain disruptions, such as those caused by the COVID-19 pandemic, can affect the availability of raw materials and components, leading to delays and increased costs.
Impact: These disruptions can impede production schedules and affect the ability to meet customer demands in a timely manner.
6. Skilled Labor Shortage
Issue: There is a shortage of skilled labor in the manufacturing sector, including in the aluminum extrusion industry.
Impact: This labor shortage can hinder production efficiency, increase labor costs, and affect the quality of the extruded products.
7. Compliance with Stringent Regulations
Issue: The industry must comply with stringent regulations related to environmental protection, occupational safety, and product standards.
Impact: Compliance can be costly and time-consuming, particularly for companies operating in multiple regions with varying regulatory requirements.
8. Economic Uncertainty
Issue: Economic downturns and uncertainties can reduce demand for aluminum extrusions in key industries such as construction and automotive.
Impact: Reduced demand can lead to lower production volumes, affecting profitability and leading to potential workforce reductions or plant closures.
9. Technological Integration
Issue: The integration of advanced technologies such as automation, IoT, and Industry 4.0 in the extrusion process requires significant investment and technical expertise.
Impact: Companies that fail to adopt these technologies may fall behind in terms of efficiency and product quality, impacting their competitive position in the market.
Key players
Arconic Corp.
Bahrain Aluminum Extrusion Company
Constellium N.V.
Gulf Extrusions Co. LLC
Hindalco Industries Ltd.
Kaiser Aluminum
Norsk Hydro ASA
QALEX
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The Aluminum Extrusion Market is characterized by intense competition among key players, each striving to expand their market share through innovation, strategic partnerships, and geographic expansion. The competitive landscape includes a mix of large multinational corporations and smaller regional players. Here is a competitive analysis of the aluminum extrusion market:
Competitive Strategies
Innovation and R&D
Companies are investing heavily in research and development to create new and improved aluminum extrusion products that meet the evolving needs of various industries, including automotive, aerospace, and construction.
Innovation in lightweight and high-strength alloys, as well as advancements in manufacturing processes, are key focus areas.
Sustainability Initiatives
Increasing focus on sustainability is driving companies to adopt eco-friendly practices and develop recyclable and energy-efficient products.
Companies are investing in renewable energy sources and implementing measures to reduce their carbon footprint.
Strategic Acquisitions and Partnerships
Mergers, acquisitions, and strategic partnerships are common strategies to enhance market presence, expand product portfolios, and gain access to new markets and technologies.
Collaborations with downstream customers and suppliers help in creating integrated value chains and improving product offerings.
Geographic Expansion
Expanding operations into emerging markets in Asia Pacific, Latin America, and the Middle East and Africa to tap into the growing demand for aluminum extrusions in these regions.
Establishing new manufacturing facilities and distribution networks to better serve local markets and reduce lead times.
Customization and Customer Focus
Offering customized solutions to meet specific customer requirements, enhancing customer satisfaction and loyalty.
Providing value-added services such as design assistance, technical support, and after-sales service.
Market Challenges and Competitive Pressure
Price Competition: Intense price competition among players, particularly from low-cost producers in emerging markets, puts pressure on profit margins.
Technological Advancements: Rapid technological changes require continuous investment in new technologies, which can be challenging for smaller players.
Regulatory Compliance: Adherence to stringent environmental and safety regulations requires ongoing investment and can be a barrier for new entrants.
Opportunities
Growing Demand in Automotive and Aerospace Industries: Increasing use of aluminum extrusions in lightweight vehicles and aircraft offers significant growth opportunities.
Renewable Energy Sector: Rising demand for aluminum extrusions in solar panel frames and other renewable energy applications.
Construction Industry: Expansion of the construction sector, particularly in developing regions, drives demand for aluminum extrusions in building and infrastructure projects.
Segments
Based on Product
Shapes
Rods and Bars
Pipes and Tubes
Based on Application
Building & Construction
Automotive & Transportation
Consumer Goods
Electrical & Energy
Other Applications
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tmr-blogs2 · 7 months ago
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Extruded Plastics Market Size & Share to Surpass USD 356.1 billion by 2031
The global extruded plastics market is set to witness significant growth from 2024 to 2031, driven by the increasing demand for lightweight, durable, and cost-effective materials across various industries. Extruded plastics, produced through the extrusion process, find extensive applications in packaging, construction, automotive, and consumer goods sectors, among others.
The global extruded plastics market was projected to attain US$ 210.2 billion in 2022. It is anticipated to garner a 6% CAGR from 2023 to 2031. The market is likely to attain US$ 356.1 billion by 2031.
Extruded plastic objects may be made in a variety of lengths and shapes. Numerous industries, including the automotive and building and construction sectors, employ these items. Market development is being aided by the expansion of the building and construction, as well as packaging sectors, particularly in emerging nations.
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Market Segmentation:
By Service Type: Profile Extrusion, Sheet Extrusion, Tubing Extrusion, Film Extrusion, Others
By Sourcing Type: Virgin Plastics, Recycled Plastics
By Application: Packaging, Building & Construction, Automotive, Electrical & Electronics, Consumer Goods, Others
By Industry Vertical: Food & Beverage, Healthcare, Automotive, Construction, Aerospace, Others
By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Regional Analysis:
North America: Leading the market with a strong presence of key industry players and high demand from the packaging and construction sectors.
Europe: Witnessing significant growth driven by stringent regulations promoting sustainable packaging solutions and increasing investments in construction activities.
Asia Pacific: Emerging as a key market with rapid industrialization, urbanization, and expanding manufacturing sector.
Latin America, Middle East & Africa: Showing promising growth potential fueled by infrastructure development and rising consumer spending.
Market Drivers and Challenges:
Drivers: Increasing demand from end-use industries, rapid urbanization, lightweight and cost-effective properties of extruded plastics, and technological advancements in extrusion processes.
Challenges: Environmental concerns associated with plastic usage, fluctuating raw material prices, and stringent regulations regarding plastic waste management.
Market Trends:
Growing adoption of recycled plastics for sustainable packaging solutions.
Development of bio-based and biodegradable polymers to address environmental concerns.
Integration of advanced additives and fillers for enhancing the performance and properties of extruded plastics.
Future Outlook:
The extruded plastics market is poised for substantial growth in the coming years, driven by the versatility and efficiency of extrusion technology in manufacturing a wide range of plastic products. The market will witness increasing demand for customized extruded plastic solutions catering to diverse applications and industries.
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Key Market Study Points:
Market size and growth projections. Regional analysis and market dynamics. Segmentation by service type, sourcing type, application, industry vertical, and region. Market drivers, challenges, and trends shaping the industry. Future outlook and growth opportunities. Competitive landscape and recent developments.
Competitive Landscape: Key players operating in the extruded plastics market include:
The Dow Chemical Company ExxonMobil Corporation SABIC BASF SE Berry Global Inc. Sealed Air Corporation Bemis Company Inc. Saint-Gobain S.A. Sonoco Products Company LyondellBasell Industries N.V.
Recent Developments:
Launch of innovative extrusion technologies improving production efficiency and product quality.
Expansion of manufacturing facilities to meet growing demand from various industries.
Strategic partnerships and collaborations to develop sustainable plastic solutions.
Investments in research and development for advancing extrusion processes and materials.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc. CORPORATE HEADQUARTERS DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll-Free: 866-552-3453 Website: https://www.transparencymarketresearch.com 
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tritonmarketresearchamey · 8 months ago
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Thermoplastic Elastomers Market: Top 3 Industrial Applications
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According to UNEP, energy accounts for approximately 60%of global greenhouse gas emissions, making energy efficiency a top priority across various industries. In this context, thermoplastic elastomers (TPEs) have emerged as a viable solution, reducing energy consumption by nearly 75%. They have gained recognition among product developers and designers as an advanced alternative to thermoset elastomers. Triton’s estimates suggest that the global thermoplastic elastomers market is expected to grow at a CAGR of 6.37% in revenue and 2.61% in volume during 2023-2030.
Another significant factor is the increasing trend of 3D printing. Due to their durable, flexible, chemically resistant, and user-friendly properties, TPEs serve as filaments in additive manufacturing methods like selective laser sintering (SLS) and fused deposition modeling (FDM). For instance, renowned companies such as New Balance, Under Armour, and Nike have adopted thermoplastic polyurethane-based 3D printing for robust and flexible midsoles.
In this blog, we’ll explore the wide-ranging applications of TPEs and their significant presence in the top three industries.
·         Automotive:
In terms of industrial vertical, automotive leads with $9325.51 million
These high-performance polymers have gained significant traction in the automotive industry. Polystyrene TPE, for example, is used in multiple auto parts like instrument panels, wheel covers, dashboard elements, pillar trims, door liners, seat belt components, etc. These plastics, unlike metals, are cost-effective and improve vehicle energy efficiency by reducing weight.
Moreover, their lightweight quality boosts vehicle fuel efficiency, with a 10% weight reduction translating to 5-7% lower fuel consumption. This has prompted TPE manufacturers like Covestro AG to introduce new production lines for high-performance thermoplastic polyurethanes to produce paint production films.
Regional Focus: Asia-Pacific set to be the fastest-growing region at 6.46%
Asia-Pacific is the world’s largest automotive producer, with China, India, Japan, and Indonesia leading the way. Nations like India and Indonesia are attracting investments in locomotive and high-speed rail manufacturing, further bolstering the demand for TPE in the region. Additionally, China is actively boosting production, aiming for 7 million annually by 2025, constituting 20% of total new car production. This surge in EV production is set to drive demand for polyurethane and polystyrene in automotive applications, driving the Asia-Pacific thermoplastic elastomers market.
·         Electrical & Electronics:
Thermoplastic elastomers are preferred for electrical insulation due to their strength, flexibility, and resistance to corrosive substances like acids. Besides this, TPE composites, including polycarbonate, enhance impact and flame resistance in electronic devices and household appliances. Given these benefits, several companies have entered into partnerships or acquisitions to expand their footing. For example,
-  Arkema SA acquired Polytec PT in May 2023 to expand offerings and serve the electronics sector. -  Avient Corporation collaborated with BASF SE to offer colored grades of Ultrason® high-performance polymers to provide users in the electrical & electronics sector with comprehensive technical support.
Widely Employed Material Type:
Thermoplastic polyolefin serves multiple purposes in the sector, finding use in low-voltage wire and extruded hoses. TPOs are preferred over TPVs in wire and cable applications due to their cost-effectiveness, excellent electrical properties, and temperature versatility. As per Triton’s report, polyolefin is expected to register a CAGR of 6.30% during the forecast period 2023-2030 in terms of material type.
·         Adhesives & Sealants:
Thermoplastic elastomers have gained popularity in providing strong bonds and flexibility without mixing or high-temperature curing. Since TPE adhesive grades offer durability, electrical insulation, and chemical and water resistance, companies strive to expand footing in the adhesives sector. Arkema SA, for instance, acquired Ashland’s performance adhesive branch in February 2022 to strengthen its adhesives solutions segment.
Regional Analysis: Asia-Pacific dominates the market based on volume
In Asia-Pacific, China dominates paint and coating production, while India is experiencing robust growth due to rapid industrialization and construction activities. Besides this, thermoplastic elastomer manufacturers are expanding in ASEAN countries like Thailand. Hence, the region’s expanding position in adhesive and sealant production fuels the region’s market, spearheaded by China.
Regulations & Shortages Prompt Innovation
Due to increasingly stringent environmental regulations and sustainability goals, elastomer manufacturers are compelled to create more recyclable tire options. This has led to a noticeable shift towards sustainable TPE materials, including bio-based TPEs. Shortages in raw materials further exacerbate the need for recyclable products. Notably, China has witnessed a significant increase in recycled rubber production, capturing more than 80% of the global production landscape.
In summary, the growing demand for eco-friendly solutions, regulatory pressures, and raw material shortages have spurred the adoption of TPEs as an effective means to reduce costs associated with waste tire management. Looking ahead, the industrial commitment to resource efficiency is expected to create lucrative opportunities within the thermoplastic elastomers market.
 
FAQs:
Q1) How big is the thermoplastic elastomers market in terms of volume?
Based on volume, the thermoplastic elastomers market recorded 7298.81 kilotons in 2022, expected to advance with a CAGR of 2.61% during 2023-2030.
Q2) Which are the 5 key thermoplastic elastomers?
Five key TPEs are polystyrene, polyamide, polyolefin, polyurethane, and elastomeric alloy.
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coherentmarketinsights · 8 months ago
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Beyond Boundaries: Super Blowing Agents Redefining Foam Applications
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Blowing Agents Market is Anticipated to Witness High Growth Owing to Rising Use in Construction and Packaging Applications Blowing agents are chemical compounds that promote the formation and expansion of foam during production of various polymers and plastics. They are widely used in construction, automotive, packaging, and other industries to manufacture insulation foam products such as polyurethane foam (PUF), polystyrene foam (PS), and extruded polystyrene foam (XPS). Blowing agents enhance the thermal insulation properties and low density of these foams, which makes them ideal for insulating roofs, walls, pipes, and other applications. Rapid growth of the construction industry across developing nations and rising demand for eco-friendly insulation materials are some of the key factors driving consumption of blowing agents. The global blowing agents market is estimated to be valued at US$ 4.90 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period of 2023 to 2030. Key Takeaways Key players operating in the blowing agents market are DuPont, Arkema S.A., Honeywell International Inc., Solvay S.A., Foam Supplies, Inc., AkzoNobel NV, Haltermann GmbH, Linde AG, Americhem, and HARP International Ltd. There is high growth potential in emerging economies due to increasing construction spending and rapid industrialization. Asia Pacific is expected to witness strongest gains over the next decade backed by China and India markets. Key players are focusing on developing eco-friendly blowing agent solutions to replace hydrofluorocarbons (HFCs) and other ozone-depleting substances. Companies are investing in R&D to commercialize natural hydrocarbon blowing agents. Global expansion through acquisitions and partnerships will also remain a core strategy for industry leaders to capture new growth opportunities. Market Drivers Growing building & construction industry is a key driver for the blowing agents market. Rising income levels and rapid urbanization in developing countries are fueling demand for residential and commercial buildings. This requires large volume of insulation materials like polyurethane and polystyrene foams. Rise of eco-friendly insulation materials is supporting the market growth. Strict environmental regulations regarding phasing out of hydrofluorocarbons (HFCs) and expanding green building codes are propelling the need for sustainable blowing agent technologies.
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