#Malaysia Automotive Lubricant Market Analysis
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Wax Emulsion Market - Forecast(2024 - 2030)
Wax Emulsion Market Overview
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The emergence of COVID-19
The outbreak of COVID-19 has negatively impacted the wax emulsion market. The abrupt closure of production centers in China, and its impact caused chaos among global auto manufacturers in European Union, US, India, and South America region. For instance, Toyota Motor Corporation reported a YoY sales decline of 26%, May’s unit sales were almost double that of April, which fell 56% YoY.
Additionally, Sales of new-energy vehicles (NEVs) in China in June fell 35% YoY to 85,600 units, following a drop of 26% in May and 30% in April. The demand for wax emulsion lowered due to the declining automotive industry. In addition, a decrease in purchasing capital lowered construction activities and demand for apparel. According to the National Bureau of Statistics of China, the online retail sales of clothing goods decreased by 18.1 percent, substantially hampering the growth of the wax emulsion market.
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Wax Emulsion Market Report Coverage
The report: “Wax Emulsion Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wax Emulsion Market.
By Type: Natural (Animal, Vegetable and Minerals), and Synthetic (Polyethylene, Polypropylene, Paraffin, poly tetrafluoroethylene (PTFE), Fischer-Tropsch, and Others)
By Application: Wood Coatings, Adhesive & Sealants, Printing Inks, Fiberglass Insulation, Metal Polish, Lubricants, Textile Finish, cold creams, lipsticks, Tires, and Others
By End-Use Industry: Paint & Coatings, Building & Construction (Residential, Commercial, Industrial, and Infrastructure), Textile & Leather, Pulp & Paper, Cosmetics and Personal care, Automotive (Passenger Cars, Light Commercial Vehicle, and Heavy Duty Vehicles), Packaging, Wood Processing, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa)
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Key Takeaways
● The U.K has shown significant growth in the wax emulsion market due to its high demand from wood processing industries for the protection of woods from water and prevent rotting.
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Wax Emulsion Market Segment Analysis — By Type
Synthetic segment held the largest share of more than 60.23% in the Wax Emulsion market in 2023. Synthetic wax emulsions are synthesized from synthetic polymers such as polyethylene, polypropylene, polytetrafluoroethylene, and many more. Synthetic wax emulsions are long-lasting, abrasion-resistant and provide good protection from contaminants like dust, grime, and corrosion. Thus, the availability of synthetic wax emulsion with varied properties makes it suitable for numerous applications including paints & coatings, cosmetics, and construction, significantly augmenting the market growth. However, increasing environmental concerns are driving the demand for natural wax emulsions such as Lanolin, Beeswax, Carnauba, and Candellila waxes.
Polyethylene wax segment consists of low-density polyethylene (LDPE) and High Density Polyethylene (HDPE) and is obtained by polymerization of Ethylene monomers. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are contributing to the growth of polyethylene wax emulsion. Polyethylene wax emulsion manufactures more easily and is cost-effective. Surging use of polyethylene wax emulsion in lithographic and flexographic inks for an improved rub and mar resistance and slip characteristics also aids the market growth.
Wax Emulsion Market Segment Analysis — Application
Wood Coatings segment is projected to witness the highest CAGR of 6.4% during the forecast period. Wax emulsions are extensively used in paints & coatings as they provide a consistent neutral color and offer formulators maximum flexibility in pigmented applications. Wax emulsions also improve the durability of water-based paints, by offering excellent scratch- and abrasion resistance. An increase in building and constructions has proliferated the demand for paint & coatings.
Hence, surging demand for paints and coatings as a consequence of huge constructional activities may bolster the growth of the wax emulsion market.
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Wax Emulsion Market Segment Analysis — End-Use Industry
Textile and leather segment held the largest share of more than 26% in the wax emulsion market in 2023. Wax emulsions are used in the textile and leather industry for waterproofing of textile and leather substrates, modifying the frictional properties of fibers, yarns, and sewing threads for better processability, and for enhancing the performance of finishing compounds such as softeners, silicones, and resins. They also provide superior fabric properties such as improved flex abrasion resistance, tear strength, and sewability. Owing to the above benefits the demand for wax emulsions is increasing from textile and leather industries. The Advanced Functional Fabrics of America Institute (AFFOA) brought over $300 million in public-private investment to develop futuristic fabrics and textiles helping to accelerate the revival of textile manufacturing in the United States. The thriving textile industry across the globe and vast technological advances may boost the global demand for wax emulsion.
Wax Emulsion Market Segment Analysis — By Geography
Asia Pacific dominated the Wax Emulsion market with a share of more than 41% in 2023 followed by North America and Europe. Increasing per-capita income and adoption of western culture in emerging economic nations especially in China, and India has boosted the growth of fashion industry and also increased the demand for leather. Increasing demand for apparel and expansion of textile industries across the country is also aiding the growth of market.
With the rising popularity of functional textiles that offer additional properties like water repellency, UV protection, and stain resistance, the demand for wax emulsions in textile coatings and finishes is on the rise. The growing demand for leather and apparel products in emerging markets, coupled with increasing disposable incomes and changing consumer preferences, presents significant opportunities for wax emulsion manufacturers to expand their presence and capture a larger market share in these regions. Thus huge spending on apparels and leather articles escalate the growth of the wax emulsion market.
Wax Emulsion Market Drivers
Growing demand from automotive industries
Wax Emulsions are water repellent, hence its use in automotive paints and polishes prevents water from accumulating in nooks and crannies of car’s surface thereby reducing the risk of corrosion and prevents the formation of water stains and spots on the surface. Wax emulsion are also used as lubricants and in car’s interior leather for matt effect and smoothness. Increase in standard of living coupled with high disposable income boosts the demand for automotive.
Automotive manufacturers prioritize the aesthetic appeal of vehicles to attract customers. Wax emulsions contribute to achieving a glossy finish and enhancing the appearance of automotive coatings, making vehicles more visually appealing to consumers. Continuous innovations in wax emulsion formulations cater to the evolving needs of the automotive industry. Advanced wax emulsions offer improved performance characteristics such as enhanced durability, scratch resistance, and water repellency, meeting the stringent requirements of automotive manufacturers and contributing to market growth. Thus rise in automotive demand augments the growth of the wax emulsion market.
Increasing use of paper and pulp as a substitute for plastics
Increasing environmental concerns and the use of paper as a substitute for plastics drive the growth of the wax emulsion market. In paper coatings, the wax emulsion is added to the coating mixture to reduce dusting during calendaring, to increase water repellency, to improve flexibility, and to raise gloss. When used as sizing in the paper, the wax emulsion helps prevent aqueous solutions, such as ink, from soaking into the paper and paperboard. According to an environmental paper network (EPN), paper use is steadily increasing year on year and exceeded 412 million tons per year in 2023. Also, total paper and paperboard demand for domestic applications such as tissue paper, newsprint, boxboard, etc. reached to 26,592 thousand metric tons in 2023 in Japan, according to the Japan paper association. Therefore, accelerating use for paper augments the demand for wax emulsions for paper sizing.
Wax Emulsion Market — Challenges
Volatility in prices of raw material
The raw materials often used for manufacturing waxes emulsion such as paraffin, polyethylene, and polypropylene are derived from the crude oil. So, fluctuation in oil prices also hampers the prices of wax emulsions. According to, BP Statistical Review of World Energy, in the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price increased from $81.12 in 2022 to a price of $97.67 per barrel in the financial year 2023 hovering a high price rise, and because of this uncertainty in crude oil prices, the price of wax emulsions also increases. The volatility in crude oil prices is expected to be a significant challenge for wax emulsion manufacturers during the forecast period.
Wax Emulsion Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wax Emulsion market report. Major players in the Wax Emulsion market are:
1. The Dow Chemical Company
2. Exxon Mobil Corporation
3. Momentive Performance Materials Inc.
4. Michelman, Inc.
5. Lubrizol Corporation
6. BASF SE
7. Croda International Plc
8. Arkema SA
9. Lanxess AG
10. Huntsman Corporation and others
Acquisitions / Technology Launches:
● Münzing Group’s Production Plant Inauguration (July 21, 2022): The Münzing Group inaugurated a state-of-the-art production plant in Zeitz Chemical and Industrial Park. This significant investment of EUR 50 million resulted in the creation of 40 new jobs.
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Polyurethane Elastomers Market - Forecast(2024 - 2030)
Polyurethane Elastomers Market Overview
The Polyurethane Elastomers Market size is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027 and reach US$10.8 billion by 2027. Polyurethane Elastomers can be blended into various materials which include polymethyl methacrylate, polypropylene, polystyrene, vinyl ester, polyamide and other materials. It is used in a wide range of industries such as automotive, aerospace, construction, footwear and other industries. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, affecting the polyurethane elastomers industry. However, a steady recovery in automobile production has been witnessed across the world since 2021. Polyurethane elastomers are primarily used in the automotive industry for the production of tires and body panels of an automobile. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automotive production along with the surging demand from the construction industry is expected to drive the growth of the polyurethane elastomers market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞
Polyurethane Elastomers Market Report Coverage
The “Polyurethane Elastomers Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyurethane Elastomers Market.
By Material Type: Thermoplastic (Polyether, Polycaprolactone, Polymethyl Methacrylate, Polypropylene, Polystyrene, Others), Thermoset (Polyamide, Vinyl Ester, Others).
By Processing Method: Injection Molding, Extrusion, Blow and Compression Molding.
By Application: Automotive Body Panels, Tires, Adhesives, Fibers, Industrial Tools, Appliances, Conveyor Belts, Sealing Gaskets, Lubricants, Consumer Products, Others.
By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles), Aerospace (Commercial, Military, Others), Marine, Locomotive), Construction (Residential, Commercial, Industrial), Footwear, Electrical & Electronics, Adhesives & Sealants, Medical, Textile, Others.
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).
Key Takeaways
The injection molding segment held a significant share in The Polyurethane Elastomers Market in 2021. Its wide range of characteristics and higher efficiency made it stand out in comparison to other types of processing methods in the market.
Footwear industry held the largest share in the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers for the production of footwear, owing to its properties such as durability, flexibility and lightness.
Asia-Pacific dominated the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers from the footwear industry in the region.
A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Polyurethane Elastomers Market Report
#Polyurethane Elastomers Market price#Polyurethane Elastomers Market size#Polyurethane Elastomers Market share#Polyurethane Elastomers Market forecast
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Automotive Coolant After Market To Witness the Highest Growth Globally in Coming Years
The report begins with an overview of the Automotive Coolant After Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Coolant After Market scenario, and feasibility study are the important aspects analyzed in this report.
The Automotive Coolant After Market is experiencing robust growth driven by the expanding globally. The Automotive Coolant After Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Coolant After Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years.
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Key Strategies
Key strategies in the Automotive Coolant After Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Coolant After Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Coolant After Market.
Major Automotive Coolant After Market Manufacturers covered in the market report include:
BASF SE (Germany), Exxon Mobil Corporation (U.S), TotalEnergies (France), Royal Dutch Shell PLC (U.K.), Valvoline LLC (U.S), Motul S.A. (France), Castrol Limited (U.K.), Sinopec Lubricant Company (China), and Petroliam Nasional Berhad (Petronas) (Malaysia).
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years. The demand for more technologically advanced vehicles demands advanced cooling and, thus, demand for aftermarket high-quality, effective coolant products
Trends Analysis
The Automotive Coolant After Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Coolant After Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Coolant After Market Solutions.
Regions Included in this Automotive Coolant After Market Report are as follows:
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
Significant Features that are under offering and key highlights of the reports:
- Detailed overview of the Automotive Coolant After Market.
- Changing the Automotive Coolant After Market dynamics of the industry.
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected Automotive Coolant After Market size in terms of volume and value.
- Recent industry trends and developments.
- Competitive landscape of the Automotive Coolant After Market.
- Strategies of key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2024 to 2030?
► What are the key market dynamics influencing growth in the Global Automotive Coolant After Market?
► Who are the prominent players in the Global Automotive Coolant After Market?
► What is the consumer perspective in the Global Automotive Coolant After Market?
► What are the key demand-side and supply-side trends in the Global Automotive Coolant After Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Automotive Coolant After Market?
Table Of Contents:
1 Market Overview
1.1 Automotive Coolant After Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook
1.4.1.2 Canada Market States and Outlook
1.4.1.3 Mexico Market States and Outlook
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook
1.4.2.5 Italy Market States and Outlook
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook
1.4.3.3 Korea Market States and Outlook
1.4.3.4 India Market States and Outlook
1.4.3.5 Southeast Asia Market States and Outlook
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook
1.4.4.3 Saudi Arabia Market States and Outlook
1.4.4.4 South Africa Market States and Outlook
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
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#Automotive Coolant After Market#Automotive Coolant After Market Share#Automotive Coolant After Market Size#Automotive Coolant After Market trends#Automotive Coolant After Market Growth
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Automotive Base Oil Market Likely To Boost Future Growth by 2028
Automotive Base Oil Market Likely To Boost Future Growth by 2028
Global Automotive Base Oil Market, Automotive Base Oil Market Demand, Automotive Base Oil Market Trends, Automotive Base Oil Market Analysis, Automotive Base Oil Market Growth, Automotive Base Oil Market Share, Automotive Base Oil Market Forecast, Automotive Base Oil Market Challenges, Automotive Base Oil Market Opportunity
The latest study released on the Global Automotive Base Oil Market by Intellect Markets, Research evaluates market size, trend, and forecast to 2030. The Automotive Base Oil Market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download Free Sample Report in PDF @ https://intellectmarkets.com/report/automotive-base-oil-market/request-sample
Key Players in This Report Include: CHEVRON CORPORATION, EXXON MOBIL CORPORATION, ROYAL DUTCH SHELL PLC., ERGON INC., NESTE OYJ, NYNAS AB, S-OIL CORPORATION, SEPAHAN OIL, REPSOL S. A., SINOPEC LIMITED, BP PLC, EVONIK INDUSTRIES AG, H&R GROUP,SAUDI ARAMCO, SK LUBRICANTS CO. LTD..
Definition: Base Oil holds significant importance globally, finding widespread application across various sectors, particularly in the formulation of lubricating oils.
Market Drivers: The automotive sector is witnessing an increasing demand for premium oils
Market growth is propelled by lucrative opportunities in the BRIC nations
The titled segments and sub-section of the market are illuminated below: By Type (Group I, Group II, Group III, Group IV, Group V)
Global Automotive Base Oil Market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
• To carefully analyze and forecast the size of the Automotive Base Oil Market by value and volume.
• To estimate the market shares of major segments of the Automotive Base Oil Market
• To showcase the development of the Automotive Base Oil Market in different parts of the world.
• To analyze and study micro-markets in terms of their contributions to the Automotive Base Oil Market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Automotive Base Oil Market
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive Base Oil Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key questions answered:
• How feasible is Automotive Base Oil Market for long-term investment?
• What are influencing factors driving the demand for Automotive Base Oil Market near future?
• What is the impact analysis of various factors in the Global Automotive Base Oil Market growth?
• What are the recent trends in the regional market and how successful they are?
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Rubber Additives Market to See Booming Growth | Kraton, Lanxess, Celanese, Prisma Rubber Additives, King Industries
Latest Study on Industrial Growth of Rubber Additives Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Rubber Additives market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
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Major players profiled in the study are:
Lanxess (Germany), Akzo Nobel N.V. (The Netherlands), Celanese Corporation (United States), Toray (Japan), BASF (Germany), Struktol (United States), Prisma Rubber Additives (United Kingdom), Kraton Corporation (United States), Performance Additives (Malaysia), Peter Greven (Germany), King Industries, Inc. (United States)
Scope of the Report of Rubber Additives
Rubber Additives are the processed and synthesized rubber polymers that are generated after chemical reactions. Rubber Additives market is expected to mark significant growth over forecasted period owing to increasing consumers spending on rubber and tire industry, wires & cables, insulation, tapes, gaskets, conveyer belts applications and technological advancement. Rising disposable income in developing countries is pushing the demand for the automotive market. Increase in the demand for tires from the automotive industry is expected to boost the growth of the rubber additives market.
In April 2019, LANXESS launched a new organic lubricant additive for passenger car and high-performance engine oils which is beneficial in providing surface-active anti-wear additives, detergents and molybdenum dithiocarbamates.
In August 2018, SK acquired SI Group. This acquisition is beneficial in escalating commercialization around the world. It also offers opportunities for rubber antioxidants, stabilizers and antiozonants for the tire, automotive, aerospace, defense and construction industries
The Global Rubber Additives Market segments and Market Data Break Down are illuminated below:
by Type (Rubber Antioxidant, Rubber Accelerators, Insoluble Sulfur, Others), Application (Tire & Tubing, Consumer Goods, Construction, Electrical Insulation), Mechanism (Blooming, Diffusion)
Market Opportunities:
Proliferation of Rubber Additives at Asia- Pacific Regions.
Upsurge Emergence of High-Performance Rubbers.
Market Drivers:
Increase Demand of Rubber Additives in Automotive Industry.
Rapid Demand from Non-Tire Rubber Applications.
Market Trend:
Collaboration and Tie Up Of Leading Players
Substitutes Available For Rubber Additives
What can be explored with the Rubber Additives Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Rubber Additives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Rubber Additives
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Have Any Questions Regarding Global Rubber Additives Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/63766-global-rubber-additives-market-1?utm_source=Benzinga&utm_medium=Vinay
Table of Contents
Global Rubber Additives Market Research Report
Chapter 1 Global Rubber Additives Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Rubber Additives Market Forecast
Finally, Rubber Additives Market is a valuable source of guidance for individuals and companies.
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Automotive Engine Oil Market to Grow with a CAGR of ~6% During 2023-2033
Research Nester published a report titled “Automotive Engine Oil Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive engine oil market in terms of market segmentation by technology, vehicle type, additives and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive engine oil market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2023-2033. The market is segmented by vehicle type into passenger car, light commercial v, heavy commercial vehicles, and others. Out of these, the passenger car segment is anticipated to garner the largest revenue by the end of 2033 owing to the accelerating passenger car market worldwide. According to estimates, the Indian passenger car market accounted for USD 32 billion in 2021 and is estimated to reach USD 53 billion in 2027. Moreover, the rising disposable income and rising awareness of the benefits of engine oil in vehicles among people are expected to fuel segment growth during the forecast period.
The global automotive engine oil market is estimated to garner significant revenue by the end of 2033, up from modest revenue in the year 2022. Rapid urbanization, growing crude petroleum production, rise in demand for automobiles and motorcycles in developing countries such as India and Japan, increasing exports of medium oils along with accelerating the automotive industry are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the global automotive engine oil market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is projected to garner the largest revenue by the end of 2033 baked by the rise in demand and increasing sales of commercial vehicles coupled with increasing crude oil production and a huge base of customers with high purchasing power. It was observed that commercial vehicle sales grew by 8.21 % with nearly 54,000 vehicles sold in August 2021 to over 67,100 units sold in August 2022.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rapid Growth In The Automotive Sector To Drive The Market Growth
It was observed that the automobile sector in India produced nearly 22,930,200 vehicle units in April 2021 with a modest increase from 22,600,600 units manufactured in April 2020.
The increasing awareness of the benefits of motor oil in vehicles such as the reduction of friction, and the protection and lubrication of engine parts should propel the demand for motor oil. Therefore, globally increasing development in the automotive industry worldwide along with growing demand for automobiles is projected to fuel global automotive 1engine oil market growth during the forecast period.
However, strict regulation by government towards fuel emission is expected to operate as key restraint to the growth of global automotive engine oil market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive engine oil market which includes company profiling of Valvoline, Inc., Shell Plc, Total S.A, Arabol Lubricants, LUKOIL Oil Company, Exxon Mobil Corporation, Castrol Limited, Chevron Corporation, Amsoil Inc., Sinopec Lubricant Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive engine oil market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Request Report Sample@ https://www.researchnester.com/sample-request-288
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Automotive Lubricants Market Analysis 2023-2033
Research Nester published a report titled “Automotive Lubricants Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive lubricants in terms of market segmentation by oil, product, vehicle type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive lubricants market is anticipated to grow with a CAGR of ~2% during the forecast period, i.e. 2023-2033. The market is segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Out of these, the passenger cars segment is anticipated to garner the highest market share by 2033, owing to its increased sales and production worldwide. As per International Organization of Motor Vehicle Manufacturers (OICA), in 2021, 49 million new passenger cars were sold and 57 million passenger cars were produced across the globe.
The global automotive lubricants market is estimated to garner a noteworthy revenue by the end of 2033. Automotive lubricants are primarily used to decrease the friction between the surfaces and contact such as road and vehicle, which protects the automotive parts and hence, increase the vehicle performance. Therefore, the growth in this market is anticipated to be majorly driven by the growing automotive industry, increasing production of vehicles, and rise in disposable income.
Geographically, the global automotive lubricants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2033, on the back of increased sales and production of vehicles. International Organization of Motor Vehicles, stated that the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region was 42,663,736 units in 2021, a rise from 40,322,544 in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rise in Demand and Sales of Automobiles to Drive the Market Growth
Primary growth factor attributed to the automotive lubricants market is owing to the increasing demand for engine oils, brake fluids, and transmission fluids among both consumer and commercial automobiles. Further, the rise in production and sales of motorcycles are also expected to further strengthen this growth over the forecast period. Also, the recent shift in trend towards green derivatives is also expected to drive the market over the forecast period. Rising per capita income and increasing need for individualized transportation options has also expected to drive the sale of cars in several countries which in turn, is expected to bring lucrative growth opportunities in the automotive lubricants market.
However, the increasing preference of extended oil drain period along with the stringent government rules regarding carbon dioxide emission and low awareness among the population is expected to operate as key restraint to the growth of the global automotive lubricants market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive lubricants market which includes company profiling of Eurol B.V., Shell International B.V., Chevron Corporation, CNPC, Exxon Mobil Corporation, Phillips 66 Company, Valvoline Inc., BP p.l.c., Klüber Lubrication München GmbH & Co. KG, FUCHS PETROLUB SE, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive lubricants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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ASEAN Automotive Aftermarket Is Estimated To Witness High Growth Owing To Increasing Vehicle Usage and Aging Vehicle Fleet
The ASEAN Automotive Aftermarket market is estimated to be valued at US$28.7 Bn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The ASEAN Automotive Aftermarket refers to the secondary market for automotive parts, equipment, and services that are used to repair, maintain, and enhance vehicles after their initial sale. The market offers a wide range of products such as tires, batteries, lubricants, filters, brake pads, and accessories. The aftermarket provides consumers with more affordable options for vehicle maintenance and customization compared to original equipment manufacturers (OEMs). It plays a vital role in extending the lifespan of vehicles and ensuring their optimal performance and safety. B) Market key trends: One key trend driving the growth of the ASEAN Automotive Aftermarket is the increasing vehicle usage and the aging vehicle fleet. The rising population and improving purchasing power in the ASEAN region have led to an increase in vehicle ownership. As a result, the vehicle parc has been growing steadily, leading to a high demand for aftermarket products and services. Moreover, the average age of vehicles in the region is increasing, leading to a higher need for repairs and maintenance. This trend is expected to propel the growth of the ASEAN Automotive Aftermarket during the forecast period. For example, in countries like Thailand and Malaysia, where the automotive industry is significant, there has been a rapid increase in vehicle ownership. The growing number of vehicles on the road has created a massive market for aftermarket products and services. Additionally, the increasing average age of vehicles in these countries has further boosted the demand for replacement parts and maintenance services. C) PEST Analysis: - Political: The political stability in the ASEAN region promotes business growth and trade. Governments in these countries support the development of the automotive industry, which indirectly benefits the aftermarket market. However, political regulations and policies related to taxes, tariffs, and emissions standards can impact the import and export of aftermarket products. - Economic: The growing GDP and disposable income in the ASEAN region have contributed to increased vehicle ownership and aftermarket spending. Economic growth and consumer spending patterns are essential factors influencing the aftermarket market. D) Key Takeaways: 1) Market size: The ASEAN Automotive Aftermarket Size is expected to witness high growth, exhibiting a CAGR of 9.8% over the forecast period. The increasing vehicle usage, coupled with the aging vehicle fleet, is driving the demand for aftermarket products and services. For instance, as more vehicles enter the ASEAN market, there is a higher need for replacement parts, maintenance services, and customization options. 2) Regional analysis: Among the ASEAN countries, Thailand is expected to be the fastest-growing and dominating region in the Automotive Aftermarket. The country's booming automotive industry, along with a large vehicle parc and increasing average age of vehicles, creates significant opportunities for aftermarket players. 3) Key players Key players operating in the ASEAN Automotive Aftermarket are Bridgestone Corporation, Denso Corporation, Hella KGaA, BorgWarner Inc., Robert Bosch GmbH, Continental AG, Enkei Corporation, F.C.C. Co., Ltd., Mitsuba Corp., Schlemmer, Showa Corporation, Yachio Industry Co., Ltd., TOYOTA MOTOR CORPORATION, and ZF Friedrichshafen AG. These players are actively involved in developing and offering a wide range of aftermarket products and services to cater to the growing demand in the ASEAN market.
#ASEAN Automotive Aftermarket#ASEAN Automotive Aftermarket Demand#ASEAN Automotive Aftermarket Size#ASEAN Automotive Aftermarket Insights#Automotive and Transportation
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Oleochemicals Market Size, Share | Global Analysis, Growth & Forecast | ChemAnalyst
According to ChemAnalyst report, “Global Oleochemicals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global oleochemicals market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 5.12% during the forecast period. Increasing demand of biodegradable, environmentally friendly and non-toxic materials from consumers is anticipated to increase the demand of oleochemicals due to their ecofriendly, less toxic compared to petrochemical based products properties. Additionally, UNICEF’s agenda to achieve sustainable developmental goals by 2030 has emphasis on use of environmentally friendly products which would further support the growth market of oleochemicals during the forecast period.
Oleochemicals are chemical compounds obtained from plant oil and animal fat sources. Additionally, they are surface active molecules containing long alkyl chain of lipophilic and charged polar head of hydrophilic group. As a result, they have great air-lipid and water-lipid actions Oleochemicals are basically classified as fatty acids, methyl esters, fatty alcohols, fatty amines, glycerol. Basic raw materials for oleochemical extraction are coconut oil, palm kernel oil (PKO), palm oil, rapeseed oil, sunflower oil, tallow etc. Main technologies used in oleochemical manufacturing are hydrolysis, transesterification, hydrogenation, fractionation.
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Oleochemicals have wide range of applications in personal care & cosmetics, soaps & detergents due to their emollient, emulsification, and surfactant properties. Furthermore, growing demand of biofuels in automotive industry is set to increase the demand of oleochemicals as they can be used as lubricants in biodiesel. Oleochemicals are also used in engine performance problems such as carbon deposits hence increases the efficiency of vehicles. Other major end use industry is pharmaceuticals where oleochemicals are increasingly used in drug preservative application. Upcoming new technologies implemented by companies operating in oleochemicals such as inventure supercritical technology implemented by Wilmar, will also improve the efficiency and performance of oleochemical manufacturing process which will be beneficial to its end user industries.
Oleochemical prices are linked to fats and oil feedstock prices. APAC countries such as Indonesia and Malaysia are major raw material supplier for oleochemicals. Any changes in the export tax situation in these countries can affect the price of oleochemicals. Global economic slowdown due to COVID 19 impacted the manufacturing industries during the first half of 2020. Industries were lacking the feedstock due to supply chain disruption and global plant outages initially in 2020. This caused the sudden increase in prices of fatty alcohol and fatty acids.
Regionally, Asia pacific has emerged to be the largest consumer of oleochemicals. Rising per capita income in countries like China, India has increased the consumer spending in consumer durable products which is increasing the demand of oleochemicals market in the region. Also increasing awareness about the harmful effects of petrochemicals-based products on human health and environment has encouraged manufacturers to shift focus on natural, non-toxic oleochemicals material.
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Major players for Oleochemicals globally include BASF SE, Clariant AG, Croda International, Dow Chemials, Emery Natural Oleochemical, Oleon, Kuala Lumpur Kepong Berhad, P&G Chemicals, Wilmar International, IOI Oleo GmbH, Vanatge Specialty Chemicals Inc. etc.
“Being linked to the downstream application such as Construction, FMCG, etc, the global Oleochemical industry has shown a robust growth alongside growing population and changing consumer preference. India is forecasted to become the world's fifth largest consumer market by 2025. In addition, growing per capita income globally poised a stronger outlook to the country’s oleochemicals demand. The nationwide lockdown affected the supply chain logistics and caused immediate shortage of raw materials hence increased the prices of fatty acids and fatty alcohols. China also serves as the key growth region with sufficiently installed capacities. With new competitors emerging across the Asian oleochemicals market, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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Pour Point Depressants Market Size, Share, Demand and Trends by 2022-2028
The growth in the automotive industry has provided the global pour point depressants market a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants. Future Market Insights (FMI) has published a new research report on pour point depressants. The report has been titled “Pour Point Depressants Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.”
According to the report, the global pour point depressants market is expected to exhibit a CAGR of 3.2% from 2022 to 2028. The market was worth US$ 1.97 Bn in 2022 and is projected to reach a valuation of US$ 2.46 Bn by the end of 2028.
The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe.
In order to meet the increasing requirements of consumers, companies operating in the global market are pulling up their socks and are entering into mergers and acquisitions in order to expand their consumer base and also facilitate product expansion.
In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.
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Automotive Industry to be the Biggest Support System of the Global Market
The burgeoning urbanisation, industrialisation, and economic growth across the globe is advancing the demand for automobiles in the worldwide market. This in turn is accelerating the demand for pour point depressants to be used in lubricants additives, which can hence withstand the low temperatures in American and European countries. The growing disposable income of people is compelling investors to invest more in the automotive industry.
The ever increasing demand for vehicles has encouraged automobile manufacturers to improve production output to accommodate growth, thereby positively impelling lubricant additives sales in the global automotive market. Consumers, at present, prefer premium quality lubricants, which will enhance the performance of the engine and prevent any kind of engine related issues. This is expected to further boost the demand for pour point depressants in the lubricant industry.
Rules Governing Automotive Emissions to Act as a Roadblock to Revenue Growth
Examining the effect of carbon emissions from automobiles, several governments and regulatory bodies are enforcing strict regulations on automobile manufacturers. Petrol- and diesel-based automobiles are the core reasons behind air pollution as they emit a significant amount of nitrogen oxide, carbon monoxide, and other pollutants into the air. Adding to this, transportation is responsible for over half of nitrogen oxides and carbon monoxides and nearly a quarter of the hydrocarbons released into the atmosphere. As a result of such regulations, automobile manufacturers are looking to manufacture CNG vehicles, causing a challenge for the market for pour point depressants.
Competitive Landscape
Leading players operating in the pour point depressants market are constantly upgrading their product portfolios. They have adopted various organic and inorganic strategies such as partnerships, advanced product launches, collaborations, price reduction, acquisitions and establishment of new facilities to gain a competitive edge in the market. For instance,
In September 2019, Clariant Oil Services launched a breakthrough WAXTREAT SubZero pour point depressant technology for cold climatic regions. The technology will help oil production companies to overcome the challenges associated with the transportation of waxy crude oils.
In November 2021, Evonik announced Brenntag Bulgaria EOOD as its new distribution partner in Greece.
In November 2019, Evonik expanded its production capabilities for polyalkylmethacrylate based viscosity modifiers to meet the rapidly rising demand.
The other companies operating in the global pour point depressants market are Akzo Nobel N.V., Evonik Industries AG, Clariant, Chevron Corporation, NewMarket Corp., Shengyang Greatwall Lubricant Oil Co., Ltd., and Puyang Jiahua Chemical Co., Ltd., among others.
Pour Point Depressants Market by Category
By Chemical Compositions:
Poly Alkyl Methacrylate
Styrene Ester
Alkyl Aromatic Polymer
Alkylated Polystyrene
Others
By Base Oil Additives:
Group I
Group II
Group III
By End Use Industry:
Industrial
Automotive
Marine
Aviation
Exploration & Production
Refining
By Region:
North America
Latin America
Western Europe
Eastern Europe
South East Asia
Japan
China
MEA
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Pour Point Depressants Market Background
4. Global Pour Point Depressants Market Analysis 2013–2021 and Forecast 2022–2028
To be continued…!
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Thermoplastic Polyester Elastomer Market – Forecast (2021-2026)
Thermoplastic Polyester Elastomer Market size is forecast to reach US$1.22 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026. Thermoplastic Polyester Elastomers, (TPE-E) combines the properties of high-performance elastomers and flexible polymers. These high-strength materials, also known as thermoplastic rubbers, are known for their ability to withstand multiple flex cycles and their resistance to a variety of solvents and lubricants. TPE-Es have a strong impact strength even at low temperatures and can withstand temperatures up to 300°F. PET resin is one of the most frequently used thermoplastics, especially in the packaging industry. In outdoor conditions, thermoplastic elastomers (TPE) and ethylene propylene diene monomer (EPDM) rubber both provide sealing and insulation. They can be molded into specific shapes or produced from sponge or solid material sheets and extrusions. Polyester (polyethylene terephthalate (PET)) is the most common fiber used in automobile textile production. The growing use of TPE-Es in suspension bushings for automotive performance applications because of its greater resistance to deformation when compared to regular rubber bushings is expected to drive the market in the forecast period.
COVID-19 Impact
Currently, due to the COVID-19 pandemic, the Plastic and the rubber industry were affected in multiple ways. There was a supply disruption of raw materials. A delay in farming activities and latex collection further exacerbated the problem. Critical inputs like plastic, carbon black, and rubber compounds were in short supply due to global economic turmoil and import restrictions. For a sector dominated by MSMEs that do not often have solid business continuity planning, the delay in farming activities also resulted in liquidity and working capital concerns. They rely on consistent cash flows to cover their working capital needs and pay their employees. The industry's prospects were further harmed by worldwide market volatility. During the pandemic, however, the market is steadily rebounding due to the growth of TPE (Thermo Plastic Elastomer) in the medical, as well as food and beverage packaging industries.
Thermoplastic Polyester Elastomer Market Report Coverage
The report: “Thermoplastic Polyester Elastomer– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thermoplastic Polyester Elastomer market.
By Application: Rubber seals, Belting, Tubing, Bushing and Gears, Conveyer, Geophysical, Industrial, Material Handling, Wire and Cable, Others. By End-Use Industry: Aerospace, Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)),Electrical and Electronics (Medical Devices, Smart Phones, Computer Electronics, Home Appliances, and Others), Marine,Sports and Leisure, Energy (Wind Energy, Solar Energy, and Others), and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)
Key Takeaways
The Thermoplastic Polyester Elastomer (TPE-E) market in Asia-Pacific is dominated by the region's rising use in a variety of applications in the automotive, medical, construction, and other industrial markets.
The varieties of TPE-Es and their modification options provide the foundation for a wide range of material qualities, allowing for cost-effective processing in a wide range of industries.
TPE-E is easy to mold or extrude onto rigid thermoplastic materials, making it ideal for product soft-touch grips. TPE-Es can also be used to make bottle cap liners and seal rings. It's also good for vehicle parts, wire and cable insulation, HVAC systems, and home appliances.
The biggest opportunity for this market in practically every key industry is increasing need for TPE-Es in densely populated nations like China and India, where demand is growing every day.
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Thermoplastic Polyester Elastomer Market Segment Analysis – By Application
Belting segment held the largest share in Thermoplastic Polyester Elastomers Market in 2020 and is growing at a CAGR 4.5% during 2021-2026. Drive Belts, Conveyor Belts, Weighing Belts, Process Belts, Vacuum Belts, Vacuum Timing Belts, Thermo Belts, Food Processing Belts, ATM-Bill Ejector Belts, and Credit Card Transfer Belts are all made with Hytrel, a thermoplastic polyester elastomer with great durability and flexibility. A metal and x-ray detecting conveyor belt is being developed using DuPont Hytrel TPC-ET thermoplastic elastomer. DuPont Performance Materials teamed up with Esbelt, a conveyor belt manufacturer, to develop a unique, effective polymer that allows for food contamination detection. The new conveyor belt improves food makers' capacity to demonstrate due diligence by controlling the quality of the product on the belt using metal and x-ray detection. Based on the special properties of TPO and TPEE coatings, Habasit P line belts were designed specifically for the tobacco industry. Belt surfaces are critical in tobacco processing because they must serve a variety of functions while enduring harsh environmental conditions such as humidity, sand or dirt, and mechanical impacts. As a result, the increased use of TPEEs across a variety of core sectors is expected to boost the market in the next years.
Thermoplastic Polyester Elastomer Market Segment Analysis – By End-Use Industry
Automotive segment held the largest share in the Thermoplastic Polyester Elastomer market in 2020 and is growing at a CAGR of 6.2% during 2021-2026. Polyester (polyethylene terephthalate (PET)) is the most common fibre used in automobile textile production. According to the SVOA Materials Science & Technology Journal, global TPEEs manufacturing capacity surpassed 150,000 tons per year in 2019, while market demand surpassed 120,000 tons. TPE-E (thermoplastic polyester elastomer) is a thermoplastic polyester elastomer (TPE-E) that is utilized in fabric designs for car seating. Arnitel's TPEEs resin has been utilized on numerous Ford vehicles, including the Mondeo, S-Max, Galaxy, and Focus, and Arnitel's TPEEs have recently been selected as the vacuum brake tube material for Fiesta cars. Thus the growing use of TPEEs in Automotive is evidently going to flourish the market in the forecast period.
Thermoplastic Polyester Elastomer Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Thermoplastic Polyester Elastomer Market in 2020 up to 43%, owing to the accelerating automotive industries in the region. According to the International Organization of Motor Vehicle Manufacturers, China produced 25.2 million automobiles in 2020, while India produced 3.9 million, with 25.7 million and 3.8 million automobiles sold in China and India, respectively. China remains the world's largest vehicle market, with the Chinese government projecting that car production will hit 30 million units by 2020 and 35 million by 2025. In 2018, nearly 27 million automobiles were sold in China, according to the China Association of Automobile Manufacturers. The Made in China 2025 program, which aims to transition the country's industry from low-cost mass production to higher-value-added advanced manufacturing, includes automobiles, including new Energy Vehicles (NEVs). The government's target for NEVs is to create 1 million electric and plug-in hybrid cars in China by 2020, with local production accounting for at least 70% of the market. Chinaese government is making a huge investment in the automotive industry which can lead to Thermoplastic Polyester Elastomer Market growth in the forecast period.
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Thermoplastic Polyester Elastomer Market Drivers
Increasing Automotive Production
Thermoplastic Polyester Elastomers are increasingly being used to replace their equivalents in the production of the inside and exterior of automobiles due to their specific strength and modulus. Thermoplastic Polyester Elastomers are becoming more popular in the vehicle industry due to their superior strength-to-weight ratio and are used in a range of applications in the industry, including automotive hoses, seats, gears, and brake systems, among others. China is the world's largest automobile market, with the Chinese government projecting that car production will reach 30 million units in 2020 and 35 million by 2025. As a result, increased automation will necessitate more automotive components, which will drive the Thermoplastic Polyester Elastomers market during the forecast period.
Use of Thermoplastics in Commodity Sector
Commodity The term thermoplastic refers to the least priced thermoplastics, such as polypropylene and certain grades of polyethylenes, that account for the majority of total plastic production. Elastomeric polymers have a high degree of elasticity, which makes them less prone to breaking or cracking. In fact, depending on the substance, elastomers can reversibly extend up to 700 percent. Wires and cables, photographic and magnetic tape, apparel, reusable bags, medical trays, and seeding trays are all examples of commodity products that can benefit from the high tensile strength and tear resistance of elastomers. period. As a result of the diverse uses of commodities in everyday life, the plastics market is predicted to grow, which would favorably impact the Thermoplastic Polyester Elastomers market over the forecast period.
Thermoplastic Polyester Elastomer Market Challenges
Higher Price of raw materials:
Extrusion and injection molding are the two most common TPE manufacturing processes. Injection molding allows for incredibly quick and cost-effective fabrication. The TPE-raw E's material costs are substantially greater. The reason for this is its high production cost; while producing TPE-E, the apparatus and equipments used are more expensive, and they also demand a lot of maintenance. As a result of this feature, the product has a greater price than its alternative materials, which tends to limit the market's growth.
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Thermoplastic Polyester Elastomer Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Thermoplastic Polyester Elastomer Market. Thermoplastic Polyester Elastomer Market top companies include:
1) A. Schulman, Inc. 2) BASF SE 3) Celanese Corporation 4) Chang Chun Group 5) Covestro AG 6) DuPont 7) Entec Polymers 8) LG Chem 9) Mitsui Chemicals Inc 10) PolyOne Corporation and others.
Relevant Reports
Thermoplastic Elastomers Market
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Report Code: CMR 1056
For more Chemicals and Materials Market reports, please click here
#Thermoplastic Polyester Elastomer Market#Thermoplastic Polyester Elastomer Market Size#Thermoplastic Polyester Elastomer Market Share
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Malaysia Automotive Lubricant Market 2021 Industry Outlook, Share, Size, Opportunities and Forecast to 2027
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Expenditure on automotive lubricant and vehicle servicing is a part of necessary household expenditure for a vehicle owner. Lubricants control friction and wear in the engine, protect the engine from rusting, cool the pistons, and protect the engine oil stored in the sump from combustion gases.
The 'Automotive Lubricant Industry In Malaysia' is at its Growth Stage, increasing with a CAGR (2014-2020) of ~12% by revenue in MYR and ~3% by sales volume in Litres. The growth in the industry is driven by presence of more than ~32 million vehicles on road and rising per capita income in the country.
Formation of ASEAN free trade policy in 2015, led to the emergence of MNCs in Malaysia. The stability of ASEAN’s economy, availability of skilled labour, coupled with its pro-business climate and improving infrastructure led to increase in FDI by automotive OEM. In 2020, more than ~500K vehicles including passenger cars, commercial vehicles and 2W were produced in Malaysia. Proton, Peroduo, Nissan and BMW are the major OEMs in the country. The industry is import driven due to lack of availability of raw materials in Malaysia and only a limited player has their blending plants in the country.
How Is the Market Segmented?
By Grade: Semi Synthetic is the most commonly used lubricant grade primarily due to its high performance and lower costing as compared to the synthetic lubricants. Mineral oils have the lowest drain intervals amongst all the grades of the lubricants.
By Type: In a year, a passenger car, motorcycle and trucks require 8-12L, 3-4L and 18-36L of engine oil. Other lubricants required include Gear and transmission oil, Hydraulic oil, grease and others. Passenger car engine oil accounted for maximum market share due to presence of higher number of passenger cars on road as of 2020.
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By End Users: In Malaysia Passenger Vehicles are the biggest end users followed by commercial vehicles. The average lubricant consumption of commercial vehicles is much higher than that of a passenger car and motorcycle because of difference in size and distance travelled.
By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. Majority of sales are undertaken through indirect distributor network. Through distributor network the lubricants are majorly sold through service stations, garages and OEM workshops as vehicle owners primarily depend on their mechanics for selecting and changing lubricants. Online sales contribute a very small share but with increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future.
By Viscosity Grade: The viscosity grade of a motor oil provides information on the oil’s resistance to flow in your vehicle’s engine. A lubricant with a low viscosity grade will be more fluid, more liquid, and will flow more easily. Inversely, the higher the grade, the thicker the oil, making its flow slower, which allows the formation of a protective film on engine parts.
Competitive Landscape
The competition in the industry is concentrated with presence of 15-30 lubricant manufacturers. The industry is dominated by multinational oil producers such as Shell, Castrol & Chevron and the national government owned Petronas. Manufacturers are competing on the basis of product portfolio, prices, distribution network, brand value and presence in different motorsports. Manufacturers are continuously trying to evolve their product offering in order to cater to the evolving demand. Manufacturers are venturing into production of E-fluids (lubricants for EVs) to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall.
Malaysia Automotive Lubricants Future Outlook and Projections
The industry faced a downfall in 2020 due to economic slowdown created by coronavirus pandemic. In the next 2-3 years the sales volume for automotive lubricants in Malaysia are expected to grow back to pre-covid numbers.
The demand of synthetic lubricants along with other expensive high-performance E-lubricants is expected to drastically increase which will enable growth in the future. New product launches have assumed more importance than ever for growth of the passenger vehicles in Malaysia. New vehicle models offering smart connectivity features such as remote vehicle access through smartphone apps will get higher customer interest and will induce the growth for the automotive lubricants in the near future.
Key Segments Covered in the Report
Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
By End User Industry
Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine
By Grade
Synthetic
Semi-Synthetic
Mineral
By Type
Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Gear oil and Transmission Oil
Hydraulic Oil
Grease and others
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
By Viscosity Grade
0W-20
5W-40
10W-40
15W-40
15W-50
Others
Key Target Audience
Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations
Time Period Captured in the Report:-
Historical Period: 2014–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report:-
Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
Target Addressable Audience – Passenger And Commercial Vehicles, Regional Analysis, Used Car Sales
Supply Ecosystem and Competition Parameters
Value chain analysis in the Automotive Lubricants Market in Malaysia
Demand Scenario
Trends and Developments in Automotive Industry in Malaysia
Growth Drivers for Automotive Industry in Malaysia
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practises in Business
Pricing Analysis
Customer Buying Decision Parameters
Cross Comparison Between Major Players in The Industry
Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
Future Projections and Market Size for Malaysia Automotive Lubricants Industry
Time Period in the Report
Historical Period: 2014-2020
Forecast Period: 2021F-2025F
Companies Covered:
Shell
Petronas
Total
Chevron
Castrol
Hyrax
Mobil
Others
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Malaysia Automotive Lubricant Market Research Report
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Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth
Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce
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Automotive Coolant After Market Analysis: Forecasted Market Size, Top Segments, And Largest Region
The latest report by Fortune Business Insight Research Company Insights, titled Global Automotive Coolant After Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Automotive Coolant After Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as technological advancements and consumer preferences on the automotive carbon wheels market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving automotive industry.
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years.
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Market Size And Growth Forecast:
The automotive Automotive Coolant After Market size has grown strongly in recent years. in the historic period can be attributed to vehicle production growth, stringent automotive safety standards, consumer demand for noise reduction, increasing emphasis on vehicle aesthetics, and globalization of automotive supply chains.
The Automotive Coolant After Market size is expected to see strong growth in the next few years. It will grow in the forecast period & can be attributed to rise in autonomous vehicle adoption, stringent environmental regulations, demand for enhanced weather resistance, focus on energy-efficient vehicles, and innovations in seal manufacturing processes. Major trends in the forecast period include advancements in sealing technologies, the development of self-healing seals, customization for luxury and premium vehicles, integration of advanced materials, and collaborations for innovation.
Major Automotive Coolant After Market Manufacturers covered in the market report include:
BASF SE (Germany), Exxon Mobil Corporation (U.S), TotalEnergies (France), Royal Dutch Shell PLC (U.K.), Valvoline LLC (U.S), Motul S.A. (France), Castrol Limited (U.K.), Sinopec Lubricant Company (China), and Petroliam Nasional Berhad (Petronas) (Malaysia).
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years. The demand for more technologically advanced vehicles demands advanced cooling and, thus, demand for aftermarket high-quality, effective coolant products
What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?
The market is driven by factors such as the increasing demand for lightweight and high-performance automotive components to enhance fuel efficiency and reduce carbon emissions. Advancements in carbon fibre technology, coupled with growing consumer preference for premium and customized vehicles, are also significant drivers. However, challenges such as high manufacturing costs and limited adoption in mass-market vehicles may hinder market growth. Opportunities lie in collaborations between automotive manufacturers and carbon fibre suppliers to develop innovative and cost-effective solutions for various vehicle segments.
Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Market Segmentation by Geography includes:
∆ North America: U.S., Canada, and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and the Rest of Middle East & Africa
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2024 to 2030?
► What are the key market dynamics influencing growth in the Global Automotive Coolant After Market?
► Who are the prominent players in the Global Automotive Coolant After Market?
► What is the consumer perspective in the Global Automotive Coolant After Market?
► What are the key demand-side and supply-side trends in the Global Automotive Coolant After Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Automotive Coolant After Market?
Table Of Contents:
1 Market Overview
1.1 Automotive Coolant After Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook
1.4.1.2 Canada Market States and Outlook
1.4.1.3 Mexico Market States and Outlook
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook
1.4.2.5 Italy Market States and Outlook
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook
1.4.3.3 Korea Market States and Outlook
1.4.3.4 India Market States and Outlook
1.4.3.5 Southeast Asia Market States and Outlook
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook
1.4.4.3 Saudi Arabia Market States and Outlook
1.4.4.4 South Africa Market States and Outlook
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
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#Automotive Coolant After Market#Automotive Coolant After Market Size#Automotive Coolant After Market Share#Automotive Coolant After Market Trends
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Automotive Coolant & Lubricant Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2028
The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Automotive Coolant & Lubricant market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.
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Automotive Coolant & Lubricant Market Company Profiles Analysis:
Sinopec Corporation (China)
Royal Dutch Shell Plc (Netherland)
Exxon Mobil Corporation (U.S.)
BP Plc (U.K.)
Total S.A. (France)
Chevron Corporation (U.S.)
PETRONAS (Malaysia)
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automotive Coolant & Lubricant Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Market Segmentation:
Automotive Coolant & Lubricant Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission) Global Industry Insights, Trends, and Forecast, 2021-2028.
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Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automotive Coolant & Lubricant Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Automotive Coolant & Lubricant Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Automotive Coolant & Lubricant Market Report:
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Major Features of Automotive Coolant & Lubricant Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Coolant & Lubricant market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Automotive Coolant & Lubricant market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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Pentaerythritol Market Expected to Rise at a CAGR of 5.10% during 2022-2028
Pentaerythritol market 2021 is projected to be worth USD 2,346.466 Billion by 2028, registering a CAGR of 5.10% says MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Top Drivers and Challenges
With properties like high flash point and low volatility that result in high ignition resistance, pentaerythritol has become the most preferred alternative for dielectric fluids in transformers. The expanding application scope in electrical transformer dielectric fluids could benefit the market in the years to come. Pentaerythritol also finds applications in end-use industries such as paints, construction and automotive. Some of the key automotive applications are coatings, lubricants, polyurethane foam and interior, which are expected to propel the market growth in the ensuing years.
The rapid surge of the global automotive industry along with the population expansion and rising disposable income across countries can also be favorable for the pentaerythritol market. Peoples’ growing willingness to expend heavily on infrastructural developments, especially in emerging countries in Latin America and Asia Pacific coupled with the expanding middle class populace can lead to higher revenue generation in the forthcoming years. Escalation in the number of government led initiatives in the form of affordable home loans are bolstering the construction industry in India and China, boosting the growth scope of the construction sector.
Vigorous research and development (R&D) activities by leading firms in the market are also producing favorable results, in terms of growth. The latest trend observed in the market is the elevated preference for bio-based polyols, which is compelling companies to adopt bio-based manufacturing methods. Therefore, the introduction of bio-based products and the expansion of niche application sections like flame retardants and explosives can present lucrative opportunities to the top contenders in the global market. Speaking of opportunities, the rise in quarrying and mining across developed as well as developing nations is fostering the uptake of explosives, which is bound to raise the demand for pentaerythritol between 2021 and 2028.
Market Segmentation
The pentaerythritol industry has been categorized with regard to application.
The main application areas of pentaerythritol are inks, plasticizers, paints & coatings, varnishes, lubricants, adhesive & sealant, and others. Other applications covered in the market study are flame retardants, medicine, explosives and pesticides.
Regional Outlook
The regional categorization of the pentaerythritol market comprises Latin America, APAC/Asia Pacific, North America, MEA/Middle East & Africa and Europe.
With the highest growth rate, the APAC market can also emerge as the global leader over the evaluation period as a result of the steady expansion of several end-use industries like automotive, agriculture, transportation, plastic and building & construction. Pentaerythritol is witnessing mounting demand across the developing countries of Indonesia, South Korea, the Philippines, India, Taiwan, Australia, Vietnam, Thailand, Japan, Bangladesh, Malaysia and China, given the exploding population and the soaring uptake of pesticide for better quality crops. The rising disposable income has bolstered the sales of automotive vehicles, which is bound to work in the favor of the regional market in the long term. The improving purchasing capacity, low cost of labor and land, requirement of lower funds for setting up production, and lenient regulatory framework are a few more important growth inducers in the APAC market.
In 2016, Europe was identified as the second most profitable market with Germany, the U.K, Italy, Russia and France touted as the top contributors to the market growth. These countries are noted for the robust presence of well-established automotive manufacturers, which boosts the growth potential of the pentaerythritol market. The frequent innovations along with R&D activities for the development of bio-based lubricants are a few other growth rendering factors in the European market.
North America could be one of the strongest contenders in the global market, thanks to the expanding industrial sector and the growing spending on maintenance and renovation of the construction industry. The United States accounts for a share of more than two-thirds of the North American market, and will continue to lead backed by the flourishing pharmaceutical industry and the soaring number of offshore and onshore activities.
Latin American countries like Argentina, Mexico, Colombia, Venezuela and Brazil will be major shareholders in the global market, in view of the extensive consumer base for transportation and automotive sectors. Meanwhile, the MEA market is projected to observe strong growth on account of the rise in construction activities, especially in Kuwait, Saudi Arabia, Turkey and the United Arab Emirates.
Key Players
Some of the highly esteemed companies active in the worldwide market are Perstorp Holding AB (Sweden), Hubei Yihua Group Co. Ltd (China), U-JIN Chemical Co.,Ltd (South Korea), Methanol Chemicals Company (Saudi Arabia), Jiangsu Ruiyang Chemical Co., Ltd. (China), Celanese Corporation (U.S.), Ercros S.A (Spain), Samyang Chemical Corporation (South Korea), Merck KGaA (Germany), Mitsui Chemicals Inc (Japan), Kanoria Chemicals & Industries Limited (India), and more.
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Get deep insights of Ceramic Additives Market
Ceramic additives market size is valued at USD 1,144.71 million by 2028 and is expected to grow at a compound annual growth rate of 9.20% for the forecast period of 2021 to 2028. Data Bridge Market Research report on ceramic additives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Market Scope and Market Size of Global Ceramic Additives
Ceramic additives market is segmented on the basis of additive type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Based on additive type, the ceramic additives market is segmented into dispersant, binder, lubricant, enhancer, grinding aid, water reducing agent and others. Others have further been segmented into defoamer, sintering aid, toughener, modifier and others.
On the basis of application, the ceramic additives market is segmented into architecture, automotive and industrial.
The end use segment for ceramic additives market is segmented into tiles, sanitary ware, tableware and technical ceramics.
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Market Analysis and Insights: Global Ceramic Additives Market
Adding a certain amount of additives to the procedure has become an essential step to progress ceramic properties. With the ceramic industry's growth, ceramic additives are also continually improving, largely in three aspects: more compound and capable, functional area, its application range covers a broader scope of ceramic production and capability with enhancing technology.
The ceramic additives market is anticipated to be driven considerably due to the significant growth of the construction sector, particularly in the housing and commercial sectors. Also the numerous manufacturers are focusing on developing production technology and adopting new and energy-saving process and upgrading of properties of ceramics products which is also acting as a key determinant favoring the growth of the market over the forecast period of 2021 to 2028. The major factor accountable for the growth of the market is the increasing usage of ceramic additives to increase productivity, improve product quality, and reduce energy consumption and costs. Besides this, the growing demand for multifunctional additives worldwide is also flourishing the ceramic additives market's growth. However, the various regulations that limit the use of certain chemicals may act as key restraints towards ceramic additives market growth rate in the forecast period of 2021 to 2028. In contrast, stringent environmental regulations have the potential to challenge the growth of the target market.
Country Level Analysis of Ceramic Additives Market
The countries covered in the ceramic additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Leading Brands in Ceramic Additives Market
The major players covered in the ceramic additives market report are 3DCeram, AGC Inc., BioCote Limited, BASF SE, CARBO Ceramics Inc., ENVISIONTEC INC, EOS, Exone, Lamberti S.p.A, MakerBot Industries, LLC, Materialise, Novabeans Prototyping Labs LLP, Optomec, Inc, SANYO CHEMICAL INDUSTRIES, LTD, Johnson Matthey, Wöllner GmbH, Bentonite Performance Minerals, LLC, Ferro Corporation, Stratasys Ltd, and Xjet among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: ceramic additives market
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