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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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#3DPrinting #AdditiveManufacturing #3DPrintMaterials #PLA #3DPrintedDesigns

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insightsresearch · 21 days ago

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A Deep Dive into the Extrusion Sheet Market

Analysis of Extrusion Sheet Market Size by Research Nester Reveals the Market to Grow with a CAGR of 6.8% During 2025-2037 and Attain USD 273.2 billion by 2037.Research Nester assesses the growth and market size of the global extrusion sheet market which is anticipated to be on account of the growing adoption in the end use industries.

Research Nester’s recent market research analysis on “Extrusion Sheet Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global extrusion sheet market in terms of market segmentation by material type, application, end use, and by region.

Growing Demand for Lightweight and High-strength Materials to Promote Global Market Share of Extrusion Sheet

The global extrusion sheet market is estimated to grow majorly due to the increased integration of lightweight materials in the automotive industry. Automobile manufacturers have been under constant pressure to lower vehicle weight to boost fuel economy and comply with stringent pollution regulations. This has raised the need for durable yet lightweight materials like magnesium, aluminum, and high-performance polymers in the automotive industry. Extruded sheets made of these materials have grown in popularity as appealing substitutes for conventional steel components due to their energy absorption, flexibility in design, and resilience to corrosion.

To reduce the weight of aircraft, the aerospace industry is increasingly using extruded sheets of magnesium and aluminum in airframe components. Extruded thin sheets are being used more often in the transportation and logistics sectors as a result of the emphasis on fuel efficiency and payload capabilities.

Some of the major growth factors and challenges that are associated with the growth of the global extrusion sheet market are:

Growth Drivers:

Technological advancements in extrusion sheets

Growing focus on the use of recyclable plastic materials

Challenges:

The market is characterized by fierce competition from long-standing competitors and recent newcomers. There are substantial financial obstacles for newcomers to overcome when starting production facilities. However, many new competitors can maintain competitive rates, which put a lot of pressure on prices. Prices are being hard negotiated by buyers, reducing manufacturers' profits. There is fierce competition among key players in the worldwide extrusion sheet market, with none holding a dominant position.

Access our detailed report at: https://www.researchnester.com/reports/extrusion-sheet-market/6446

By materials type, the global extrusion sheet market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS). The polypropylene (PP) segment is expected to garner the highest revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The segment's expansion can be ascribed to its affordability and robustness. The sheets' resilience allows them to maintain their mechanical characteristics and original shape even after being bent and stretched repeatedly. This makes them ideal for continuous usage in industrial, packaging, and construction settings.

Furthermore, PP sheets are less costly than sheets made of ABS, PVC, and polyethylene, among other polymers. They ask for less money upfront and for continuous production. It is also less expensive to recycle PP than it is to recycle other plastics. Owing to its durability and inexpensive production costs, PP provides customers with outstanding value for their money. These qualities make PP function better than other plastics and promote its widespread application across various industries.

By region, the Europe extrusion sheet market is poised to generate the highest revenue by the end of 2037. The market in Europe is characterized by a significant preference for eco-friendly and sustainable materials in response to the strict environmental regulations in the area. This has accelerated the creation and uptake of biodegradable and recycled extrusion sheets, especially in the packaging and automotive industries. Moreover, the region’s emphasis on updating its infrastructure is bolstered by the growing usage of plastic extrusion sheets for roofing and glazing in residential and commercial buildings.

Customized Report@ https://www.researchnester.com/customized-reports-6446

This report also provides the existing competitive scenario of some of the key players which includes Owens Corning, Formosa Platsics Corporation, Karton S.p.A., Arla Plast AB, SML Maschinengesellschaft mbH, Corex Plastics Pty Ltd, Covestro AG, DS Smith plc, Evonik Industries AG, Ensinger GmbH, and others.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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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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priyanshisingh · 4 months ago

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Aluminum Extrusion Market Forecast and Analysis Report (2023-2032)

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

More About Report- https://www.credenceresearch.com/report/aluminum-extrusion-market

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

Browse the full report – https://www.credenceresearch.com/report/aluminum-extrusion-market

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bhavesh2022 · 7 months ago

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Europe Medical Tubing Market Forecast Size Estimated to Observe Significant Growth by 2028

Business Market Insights recently announced the release of the market research titled Europe Medical Tubing Market Outlook to 2028 | Share, Size, and Growth. The report is a stop solution for companies operating in the Europe Medical Tubing market. The report involves details on key segments, market players, precise market revenue statistics, and a roadmap that assists companies in advancing their offerings and preparing for the upcoming decade. Listing out the opportunities in the market, this report intends to prepare businesses for the market dynamics in an estimated period.

Is Investing in the Market Research Worth It?

Some businesses are just lucky to manage their performance without opting for market research, but these incidences are rare. Having information on longer sample sizes helps companies to eliminate bias and assumptions. As a result, entrepreneurs can make better decisions from the outset. Europe Medical Tubing Market report allows business to reduce their risks by offering a closer picture of consumer behavior, competition landscape, leading tactics, and risk management.

A trusted market researcher can guide you to not only avoid pitfalls but also help you devise production, marketing, and distribution tactics. With the right research methodologies, Business Market Insights is helping brands unlock revenue opportunities in the Europe Medical Tubing market.

If your business falls under any of these categories – Manufacturer, Supplier, Retailer, or Distributor, this syndicated Europe Medical Tubing market research has all that you need.

What are Key Offerings Under this Europe Medical Tubing Market Research?

Global Europe Medical Tubing market summary, current and future Europe Medical Tubing market size

Market Competition in Terms of Key Market Players, their Revenue, and their Share

Economic Impact on the Industry

Europe Medical Tubing Market Analysis by Application

Production, Revenue (value), Price Trend

Cost Investigation and Consumer Insights

Industrial Chain, Raw Material Sourcing Strategy, and Downstream Buyers

Production, Revenue (Value) by Geographical Segmentation

Marketing Strategy Comprehension, Distributors and Traders

Global Europe Medical Tubing Market Forecast

Study on Market Research Factors

Who are the Major Market Players in the Europe Medical Tubing Market?

Europe Medical Tubing market is all set to accommodate more companies and is foreseen to intensify market competition in coming years. Companies focus on consistent new launches and regional expansion can be outlined as dominant tactics. Europe Medical Tubing market giants have widespread reach which has favored them with a wide consumer base and subsequently increased their Europe Medical Tubing market share.

Report Attributes

Details

Segmental Coverage

Material

Polyvinyl Chloride (PVC)

Polyimide/Nylons

PTFE/Thermoplastic Elastomers (TPES)

Thermoplastic Polyurethanes (TPUS)

Polyvinylidene Fluoride (PVDF)

Polypropylene and Polyethylene

Silicon

and Other

Others

Structure

Single-Lumen

Multi-Lumen

Multi-Layer Extruded Tubing

Tapered or Bump Tubing

Braided Tubing

Balloon Tubing

Corrugated Tubing

Heat Shrink Tubing

and Others

Others

Application

Bulk Disposable Tubing

Catheter & Cannula

Drug Delivery System

and Others

Others

End User

Hospitals and Clinics

Ambulatory Care Centres

Medical Device Companies

Laboratories

and Others

Others

Regional and Country Coverage

North America

Canada

Mexico

Europe

Germany

France

Russia

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

Rest of APAC

South / South & Central America

Brazil

Argentina

Rest of South/South & Central America

Middle East & Africa

South Africa

Saudi Arabia

UAE

Rest of MEA

Market Leaders and Key Company Profiles

Compagnie de Saint Gobain SA, Nordson Corp, Optinova AB, Spectrum Plastics Group Inc, TE Connectivity Ltd, Trelleborg AB , and other key companies

What are Perks for Buyers?

The research will guide you in decisions and technology trends to adopt in the projected period.

Take effective Europe Medical Tubing market growth decisions and stay ahead of competitors

Improve product/services and marketing strategies.

Unlock suitable market entry tactics and ways to sustain in the market

Knowing market players can help you in planning future mergers and acquisitions

Visual representation of data by our team makes it easier to interpret and present the data further to investors, and your other stakeholders.

Do We Offer Customized Insights? Yes, We Do!

Business Market Insights offer customized insights based on the client’s requirements. The following are some customizations our clients frequently ask for:

The Europe Medical Tubing market report can be customized based on specific regions/countries as per the intention of the business

The report production was facilitated as per the need and following the expected time frame

Insights and chapters tailored as per your requirements.

Depending on the preferences we may also accommodate changes in the current scope.

Author’s Bio: Bhavesh Shinde Senior Market Research Expert at Business Market Insights

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tritonmarketresearchamey · 8 months ago

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Thermoplastic Elastomers Market: Top 3 Industrial Applications

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.

#ThermoplasticElastomersMarket #ThermoplasticElastomers #Thermoplastic #tritonmarketresearch #marketresearchreports

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coherentmarketinsights · 8 months ago

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Beyond Boundaries: Super Blowing Agents Redefining Foam Applications

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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chemicalresearchupdates · 9 months ago

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Emerging Trends in the Methyl Methacrylate Market: A Detailed Study

Methyl Methacrylate: A Versatile and Widely Used Polymer Monomer Introduction

Methyl methacrylate, commonly referred to as MMA, is an organic compound that serves as the primary monomer in the production of a variety of plastics and polymers. Due to its ability to easily polymerize into strong and impact-resistant materials, MMA has become one of the most ubiquitous and versatile monomers in the modern chemical industry. In this article, we will explore the chemical and physical properties of MMA, its production methods, major applications and uses, as well as safety and environmental considerations regarding its handling and production. Chemical and Physical Properties

MMA is a colorless, volatile liquid at room temperature with a characteristic, unpleasant odor. Its chemical formula is C5H8O2 and it has a molecular weight of 100.12 g/mol. MMA is soluble in most common organic solvents like acetone, ethanol, benzene, and toluene. It exhibits low toxicity when ingested but can cause skin and eye irritation upon contact. When heated to its flame point of 210°C, MMA will ignite and burn. Its vapor is heavier than air and can travel considerable distances to an ignition source, posing a risk of flashback fires. Production

Nearly all MMA is produced through a two-step process involving acrolein or methacrolein as an intermediate. In the first step, propylene is oxidized to acrylic acid which is then dehydrated to acrolein. In the second step, acrolein undergoes an aldol condensation reaction with formaldehyde to yield MMA. The overall process typically takes place in the liquid phase with acid catalysts at mild temperatures and pressures. Annual global production capacity for MMA is estimated to be over 5 million tons and is continuing to grow along with its rising demand. Major Applications

By far, the biggest end use of methyl methacrylate market is in the production of polymethyl methacrylate (PMMA), commonly known as acrylic glass. Over 70% of MMA output goes into manufacturing this transparent thermoplastic that finds applications as transparent panels, glazing, decorative ornaments and diverse articles of daily use. Other common plastics derived from MMA include: acrylic fibers used in clothing and carpeting; extruded sheets for lighting panels and signage; and impact-resistant alloys blended with other polymers. MMA also serves as a reactive diluent for unsaturated polyester resins and acrylic paints and coatings, enhancing their application properties. Safety and Environmental Issues

Handling liquid MMA requires protective equipment like goggles, gloves, and masks due to its eye, skin and respiratory tract irritation potential. Its saturated vapors are denser than air and may collect in low-lying areas, so spaces should be well-ventilated. MMA is moderately toxic if ingested and is listed as a possible carcinogen by regulatory agencies. In the environment, it poses a low to moderate hazard as its hydrolyzes rapidly in water to non-toxic compounds. The main safety and health concerns arise during MMA production, where worker exposure to its fumes needs to be thoroughly controlled and monitored. Producers have also developed clean manufacturing techniques to minimize undesirable emissions and waste. Conclusions

Ever since its discovery in the late 19th century, MMA has emerged as one of the most widely produced organic compounds in the chemical industry. Its unique ability to readily polymerize into glass-clear, impact-resistant plastics like PMMA has enabled revolutionary applications across diverse fields from construction to consumer goods. With continued innovation around its production methods and further development of useful derivatives like co-polymers, the importance and utility of MMA is likely to grow in the coming decades. Proper safety precautions during its handling and manufacture also remain vital to protect human and environmental health.

#Methyl Methacrylate Market #Methyl Methacrylate Market Trends #Methyl Methacrylate Market Growth

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sjsuraj · 10 months ago

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The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2022 to 2027. The global extruders and compounding machines market analysis was valued at around US$ 11 Billion in 2022 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

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chandupalle · 11 months ago

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3D Printing Robot Industry worth USD 3.2 billion by 2028

The report "3D Printing Robot Market by Component (Robot Arms, 3D Printing Heads, Software), Robot Type (Articulated Robots, Cartesian Robots, SCARA Robots, Polar Robots, Delta Robots), Application, End-user Industry and Region - Global Forecast to 2028" The 3D printing robot market is projected to grow from USD 1.6 billion in 2023 and is estimated to reach USD 3.2 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.6% from 2023 to 2028. The growth of the 3D printing robot market is driven by reliance on automated solutions to conduct repetitive tasks and improve workplace safety, and rising awareness about higher degree of freedom offered by 3D printing robots than traditional printers.

By component, the 3D printing Head segment is projected to grow at high CAGR of the 3D printing robot market during the forecast period.

The 3D printing head segment is positioned for robust growth over the forecast period. 3D printing heads, or extruders, present a host of valuable advantages in the realm of additive manufacturing. These heads boast versatility, capable of accommodating a broad spectrum of materials, from PLA (polylactic acid), PETG (polyethylene terephthalate glycol), TPU (thermoplastic polyurethane), and ABS (acrylonitrile butadiene styrene) to metals, enabling their application across diverse industries. Renowned for their precision, 3D printing heads can meticulously create objects in the X, Y, and Z axes, resulting in highly accurate prints with exceptional surface quality. Additionally, their ability to operate at high speeds contributes to shorter production times. Furthermore, these heads exhibit efficiency by judiciously utilizing filament material through controlled deposition. Their user-friendly nature, often arriving pre-calibrated, appeals to both novices and experts. This facilitates widespread adoption across industries, such as aerospace, automotive, and consumer goods, where their advantages are increasingly appreciated.

Functional Part Manufacturing segment is projected to grow at high CAGR of 3D printing robot market during the forecast period.

The functional part manufacturing segment is expected to grow at high CAGR in the 3D printing robot market during the forecast period. 3D printing, particularly in conjunction with robots, is revolutionizing functional part manufacturing across several key industries. In aerospace, automotive, and electronics, the demand for lightweight, durable, and precision-engineered components is met through 3D printing with robots. These robots enable the creation of intricate parts with complex geometries, surpassing the limitations of traditional manufacturing methods. The versatility of 3D printing robots, accommodating various materials, including plastics, metals, and ceramics, proves invaluable. As these robots continue to advance, they are poised to enhance functional part manufacturing in these industries, as well as in consumer goods, energy, construction, and more, promising a future of innovation and efficiency.

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Noth America is poised for significant growth in the 3D printing robot market by 2028.

The North American 3D printing market is poised for significant growth in the upcoming years due to various essential drivers. 3D printing robots offer solutions to key challenges in the North American construction sector. They reduce the demand for highly skilled workers, enhance safety by handling hazardous tasks, cut costs, boost productivity, and elevate project quality. While facing developmental hurdles, such as speed and material limitations, these robots hold substantial promise for revolutionizing the construction industry and making it more efficient and sustainable. For instance, in May 2022, Cornell University’s Bovay Lab (New York) integrated ABB’s 6,000-pound IRB 6650S Industrial Robot from Switzerland for large-scale 3D printing in construction. This innovation advances robotic construction research, providing students with practical experience and enhancing sustainability and efficiency in the field. The robot, with a 12-foot track, offers a 12-foot circular reach, covering an 8x30-foot area. It is a significant step in utilizing 3D printing robots for construction and enhancing the construction sector in North America.

Key Players

Key companies operating in the 3D printing robot market are KUKA AG (Germany), ABB (Switzerland), Yaskawa Electric Corporation (Japan), FANUC CORPORATION (Japan), Universal Robots A/S (Denmark), Massive Dimension (US), CRAD B.V. (Netherlands), Caracol (Italy), among others.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

#3D Printing Robot Industry

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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

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Covid-19 Impact

Market Snapshot :-

3D Printing Plastic Market Report Coverage

By Application: Prototyping, Automotive, Healthcare, Consumer Goods, Aerospace & Defence, Electrical & Electronics, and Others.

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Key Takeaways

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3D Printing Plastic Market Segment Analysis — By Form

3D Printing Plastic Market Segment Analysis — By Type

3D Printing Plastic Market Segment Analysis — By Application

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3D Printing Plastic Market Segment Analysis — By Geography

3D Printing Plastic Market Drivers

Rising Demand for 3D Printing Plastic from the Healthcare Industry

Increasing Demand for Biodegradable Materials for 3D printing

3D Printing Plastic Market Challenges

Environmental Issues Regarding 3D Printing Plastic Materials will Hamper the 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.

For more Chemicals and Materials Market reports, please click here

#3DPrinting #3DPrintingPlastics #AdditiveManufacturing #3DMaterials #3DPrintedPlastics #PlasticInnovation #Sustainable3DPrinting #AdvancedMaterials #PolymerScience #Industrial3DPrinting #3DManufacturing #PlasticEngineering #3DPrintingSolutions #3DPrintTechnology #ManufacturingInnovation

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poojascmi · 1 year ago

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Global Purging Compound Market Is Estimated To Witness High Growth Owing To Increasing Demand In Automotive and Packaging Industries

The global Purging Compound Market is estimated to be valued at US$ 450.7 million in 2017 and is expected to exhibit a CAGR of 5.4% over the forecast period 2017-2022, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Purging compounds are used in the plastic processing industry to clean the extruder, molds, and other equipment during color changes, resin changes, and material switches. They help reduce downtime, increase productivity, and improve efficiency in the manufacturing process. The demand for purging compounds is driven by the increasing adoption of these compounds in industries such as automotive and packaging, where efficient production processes are crucial. B) Market Key Trends: One key trend in the purging compound market is the increasing demand in the automotive industry. The automotive industry requires frequent color changes and material switches during production, which can lead to significant downtime. Purging compounds help reduce this downtime by effectively cleaning the equipment and ensuring a smooth transition between colors or materials. For example, Asahi Kasei Corporation, one of the key players in the market, offers a range of purging compounds specifically designed for the automotive industry. C) PEST Analysis: - Political: The political environment can have an impact on the regulations and policies related to plastic processing and manufacturing. For example, governments may implement regulations to promote sustainable practices and reduce plastic waste. - Economic: The economic factors such as GDP growth, disposable income, and consumer spending can influence the demand for products and packaging, which in turn affects the demand for purging compounds. - Social: Changing consumer preferences towards sustainable and eco-friendly products can drive the demand for purging compounds that are environmentally friendly. - Technological: Advancements in technology can lead to the development of more efficient and effective purging compounds, enhancing the overall performance and productivity in the plastic processing industry. D) Key Takeaways: - The Global Purging Compound Market Demand is expected to witness high growth, exhibiting a CAGR of 5.4% over the forecast period. This growth is driven by the increasing demand in industries such as automotive and packaging. - In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the purging compound market. The region's rapid industrialization, particularly in countries like China and India, coupled with increasing investments in automotive and packaging sectors, is driving the demand for purging compounds. - Key players operating in the global purging compound market include Asahi Kasei Corporation, Clariant A.G., CALSAK Corporation, Daicel Corporation, DowDuPont Inc., Formosa Plastics Corporation, Kuraray Co., Ltd., Chem-Trend L.P., Polyplast Muller GmbH, and Claude Bamberger Molding Compounds Corporation. These companies focus on product development and innovation to strengthen their market position and cater to the evolving needs of their customers. In conclusion, the global purging compound market is witnessing significant growth, primarily driven by the automotive and packaging industries. Advancements in technology and increasing demand for sustainable solutions are expected to further drive market growth in the coming years. Key players in the market play a crucial role in providing innovative purging compound solutions to meet the industry's requirements.

#Purging Compound Market #Purging Compound Market Demand #Purging Compound Market Growth #Purging Compound Market Insights #Purging Compound Market Forecast #Purging Compound #processing machinery #optimum production #Machinery #plastics industry

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sagarg889 · 1 year ago

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Plastic Extrusion Machine Market: Key Players, Applications, Outlook, SWOT Analysis 2022 to 2032

The global plastic extrusion machine market is projected to reach US$ 6.7 Billion in 2022. Based on the report, sales of plastic extrusion machines are expected to have a CAGR of 4.70% and to reach an evaluation of US$ 10.7 Billion by 2032.

The prominent advantage of the plastic extrusion machine process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or im. perfections as the plastic encounters only shear and compressive stresses.

Additionally, the procedure aids in the creation of parts and components with superb surface finishes. A barrel and screw, as well as heaters, dies, and screw drives, make up the extruder machine. Two different pressure conditions are applied when the extrusion machine is in operation. Plastic products like weather stripping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulation, and thermoplastic coatings are made using plastic extrusion. Fixed cross-sectional profiles are made using the extrusion process.

Materials, such as plastic or thermoplastic, are pressed through a die of desired shape and cross-section. Plastic extrusion is a manufacturing process using which high volumes of plastic material is manufactured and produced to form a continuous profile.

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Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. The plastic extrusion process is used for the manufacturing of plastic tires and belt conveyors in the global market. Extrusion machines can be used for the manufacturing of several materials from thermoplastic plastic, thermoplastic and natural plastic. The cross-sectional shapes or profiles, such as cord, rectangles, squares and triangular shapes and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.

Market Dynamics: Plastic Extrusion Machine Global Market

The Plastic extrusion machine market is estimated to gain traction in the market over the forecast period owing to significant drivers, such as significant innovation processing technologies and introduction of new and novel plastic products in the global market.

However, there are other factors which are also expected to drive the demand for plastic extrusion machines, such as the growing piping industries and manufacturing sector in emerging and developed regions, increasing awareness about the benefits of plastic extrusion machine, growing consumer consciousness about environment-friendly equipment and other comforts. Manufacturers have strong opportunity to introduce innovative plastic products which are being manufactured to meet transitioning consumer demand for fuel effective & high-performance lightweight vehicles.

Automotive, oil & gas and construction industries are expected to fuel the demand for plastic extrusion machines during the forecast period. This trend in the plastic extrusion machine market is estimated to increase owing to the growing automotive industries, rising population across the world and growing spending on infrastructure. Currently, major manufacturers in the plastic extrusion machine market which have extensive presence globally dominate the market with their extensive distribution network along with their innovative product portfolio, which is a key driving factor for the growth of the global plastic extrusion machine market.

Also, growing consumer preference towards less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and to continue this, manufacturers have tied up with OEMs to develop specific products for automobiles which are light in weight. Lack of awareness about the advantages of plastic extrusion machine systems may act as a restraint for the global Plastic Extrusion Machine system market.

Regional Outlook: Plastic Extrusion Machine Global Market

Rising automotive sector in APAC and Europe is expected to grow with healthy CAGR over the forecast period. European countries, such as Germany and Russia, are expected to gain traction during the forecast period. Stringent emission regulations are increasing the demand for plastic products in interior materials in all the vehicle types across the globe.

People in Europe, North America and the Middle East live a luxurious lifestyle. This coupled with higher standard of living and high disposable incomes has led to a growth in the application of plastic products in all end use industries, such as automotive and footwear, which is in turn estimated to propel the demand for global Plastic extrusion machines. People have developed a liking towards comfortable and smooth plastic products and thus, the market is expected see rapid growth in all developed and developing countries in the future.

Developing markets in the APEJ region, especially China and India, are estimated to play a significant role in the growth of the Plastic extrusion machines in coming future. In countries, such as India and China, manufacturing industries are growing at a good pace and hence, there is humungous growth potential for plastic extrusion machines in the near future.

Key Market players: Plastic Extrusion Machine Global Market

Some of the key players in the polyurethanes additives market are:

Apex Engineers

Reifenhauserindia

Shyam Plastic Machinery

KraussMaffei Berstorff

Extrusion Technik USA, Inc.

TROESTER GmbH & Co. KG

Well Shyang Machinery (WSM)

W. Brabender Instruments Inc.

MITSUBA MFG. CO., LTD.

DEGUMA-SCHÜTZ GmbH

Read Full Report @ https://www.futuremarketinsights.com/reports/plastic-extrusion-machine-market

Key Segments of the Plastic Extrusion Machine Market

By Machine Type:

Single-screw

Twin-screw

By Process Type:

Blown Film Extrusion

Sheet/Film Extrusion

Tubing Extrusion

Others

By Material:

PVC

Polypropylene (PP)

Polyethylene (PE)

Others

By Component:

ScrewDrivers

Heaters

Dies

Others

By Application:

Building and Construction

Medical

Transportation

Consumer Goods

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

#Plastic Extrusion Machine Market

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k00277552 · 2 years ago

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20 March 2023

Polyester Research

Polyester is a synthetic manufactured plastic fabric that is made from petroleum, most of the time. It can also be made from recycled plastics, agricultural crops or waste, but they aren’t as accessible as petroleum, thus it is less common. Unfortunately, petroleum is a non-renewable resource, and the petrochemicals industry has complicated social and political implications.

In general, polyester has a significant negative impact on the environment during its production, use and disposal. On the plus side, it requires less water, energy and heat for washing, but several studies have shown that polyester sheds small pieces of plastic called microplastics with every wash.

There are a lot of benefits to polyester; durability, versatility, good sunlight resistance, light weight, resistance to wrinkles, resistance to stains, and quick drying time. As well as this, polyester’s relative cheapness has fueled the growth of fast fashion in recent years.

Polyester is the most widely used fiber in the world. It accounts for roughly half of the overall fiber market and around 80% of synthetics fiber, according to the Textile Exchange Preferred Fiber Materials Report 2017. As an example of the extent of polyester used in today’s modern society; polyester fiber was estimated at 52 million metric tons.

The most widely used polyester fiber is made from the linear polymer poly (ethylene terephthalate), and this polyester class is generally referred to simply as PET. High strength, high modulus, low shrinkage, heat set stability, light fastness and chemical resistance all account for the great versatility of PET.

Polyester is a thermoplastic polymer which can be re-melted and remolded. This property is used in the production and recycling of polyester fibers. Usually, polyester fibers are produced as continuous filaments either from a granulated polymer (batch process) or by a continuous polymerization. In the batch process, granules are first dried at a temperature of about 170°C in order to reduce the moisture content and thus prevent the hydrolysis of the polymer, which leads to the deterioration of its properties. They are then melted and extruded through a spinneret at a temperature between 265°C and 290°C. This process is often referred to as melt-spinning and the production speed may be as high as 4000 m/min.

After that, the emerging jets of polymer are immediately solidified by the flow of cool air and are then drawn at a temperature above Tg (69°C) to improve the orientation of polymer chains and increase strength.

Sustainability

Polyester is not transparent; it is very difficult to find the source of the fiber back to its raw material. The top sources of petroleum are (in order); Saudi Arabi, Russia, U.S.A, China, Iraq, Iran, and Canada.

According to an article published in The Guardian, December 2017; fossil fuel companies are among those who have ploughed more than $180 billion since 2010 into new “cracking” facilities that produce raw materials for plastics. The new facilities – being built by corporations like Exxon Mobil Chemical and Shell Chemical – will help fuel a 40% rise in plastic production in the next decade.

Polyester also requires high amounts of energy to produce.

According to CO, the energy required to produce polyester (125 MJ of energy per kilogram produced) and the greenhouse gas emitted (14.2 kg of CO 2 per kilogram produced) make it a high-impact process. In 2015, polyester produced for clothing emitted 282 billion kg of CO2 – nearly three times more than cotton.

Polyester has a huge influence on water pollution too. Despite synthetic fabrics using a smaller quantity of water consumption than pure fabrics, during production, facilities producing polyester without treating wastewater have a high probability of causing environmental damage through the release of heavy metals, and toxic chemicals. The washing and disposal of polyester contributes to a significant amount of water pollution in terms of heavy metals, toxic chemicals, and plastic pollution (in the form of microplastics). Leaks or spills related to the extraction or transport of oil can also have detrimental effects on groundwater, oceans, and other water sources.

As an oil-based plastic, polyester does not biodegrade like natural fibers. Rather it stays in landfill for several decades at least – and potentially for hundreds of years.

References

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blueweaveconsultingblog · 1 year ago

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Solvent-based Plastic Recycling Market Outlook, Insight, Report 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global solvent-based plastic Recycling market size at USD 634.68 million in 2022. During the forecast period between 2023 and 2029, the global solvent-based plastic recycling market size is projected to grow at a CAGR of 6.77% reaching a value of USD 996.64 million by 2029. The growing usage of plastic in many industries and an alarming increase in plastic waste volumes are key growth drivers for the global solvent-based plastic recycling market. The global solvent-based plastic recycling market is anticipated to see profitable expansion over the course of the forecast period as a result of strict government regulations for efficient plastic waste management in a number of countries.

Global Solvent-based Plastic Recycling Market – Overview

Solvent-based plastic recycling involves the removal of contaminants from post-industrial and post-consumer plastic using a selective solvent dissolution process, resulting in the recovery of polymers of good quality for reuse. Through precipitation, the pure polymer can be extracted from the solution. Recycling solvents can reduce waste and lower disposal expenses. Three primary processes are involved in solvent recycling: a co-rotating twin-screw extruder with filtration and a melt pump, a specialized reactor (separation unit) tailored for the particular process, and a finishing extruder (single- or twin-screw) for degassing.

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Global Solvent-based Plastic Recycling Market – By Application

Based on application, the global solvent-based plastic recycling market is segmented into building and construction, packaging, electrical and electronics, textiles, automotive, and others. The packaging industry accounts for the largest market share, as around 40% of the plastic produced is used in the packaging industry. This percentage is incessantly growing due to the growing popularity of e-commerce platforms and food delivery. Furthermore, expanding import and export activities are also fueling the demand for single use plastic packaging globally, due to which the demand for solvent-based plastic recycling is anticipated to surge during the forecast period.

Impact of COVID-19 on Global Solvent-based Plastic Recycling Market

The COVID-19 pandemic temporarily slowed the expansion of the global solvent-based plastic recycling market. According to OECD figures, the lockdown's influence on the economy and subsequent slowdown in economic activity caused a 2.2% drop in global plastic consumption from 2019 levels or a 4.5% drop from the pre-COVID prediction for 2020. This directly affected the global solvent-based plastic recycling market growth. But because of the rising volume of plastic consumption, particularly in the healthcare and packaging industries, which include the use of PPE equipment like surgical face masks, single-use medical instruments, and packaging, the market is expected to gain traction throughout the forecast period.

Competitive Landscape

Major players operating in the global solvent-based plastic recycling market include Solvay, Sulzer Ltd., Veolia, Trinseo, Procter & Gamble, APK AG, Fraunhofer, PolystyreneLoop, PureCycle Technologies Inc., Saperatec GmbH, Agilyx Corporation, LyondellBasell, Pyrowave, MBA Polymers, and GreenMantra.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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#Solvent-based Plastic Recycling Market'

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