#Medical Plastics Market Size & Share
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health-views-updates · 28 days ago
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Biodegradable Medical Plastics Market Size & Share Forecast, Industry Outlook 2024-2032
The Biodegradable Medical Plastics Market Revenue was valued at USD 1.7 billion in 2023 and is projected to reach an impressive USD 4.5 billion by 2032, growing at a CAGR of 11.5% over the forecast period 2024-2032. This growth is driven by the increasing demand for sustainable solutions in the healthcare sector, stringent environmental regulations, and rising awareness about eco-friendly materials.
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Key Drivers of Market Growth
The global push towards reducing plastic waste is creating significant opportunities for biodegradable medical plastics in healthcare applications. These materials are used in a variety of medical products, including surgical instruments, drug delivery systems, and packaging, as they decompose naturally without leaving harmful residues.
Technological advancements in biodegradable polymers are further enhancing the performance and functionality of medical plastics. These innovations ensure that eco-friendly materials can meet the high standards required in the medical field while addressing environmental concerns. Additionally, governments and organizations are increasingly implementing policies that promote the use of sustainable materials, boosting the adoption of biodegradable plastics in the healthcare industry.
Regional Insights
North America leads the market due to a strong emphasis on sustainability, advanced healthcare infrastructure, and significant investments in research and development. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth, driven by the expanding healthcare industry, rising environmental awareness, and supportive government initiatives.
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Future Outlook
The biodegradable medical plastics market is poised for rapid growth as healthcare providers and manufacturers shift toward eco-friendly solutions. The integration of cutting-edge technologies, coupled with the rising trend of sustainable development, will play a crucial role in shaping the market landscape. With increasing collaborations between material developers and healthcare organizations, the industry is set to witness a surge in innovative and environmentally sustainable products.
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janetushar1 · 2 months ago
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Medical Plastics Market to Hit $86.4 Billion by 2032
The global Medical Plastics Market was valued at USD 50.8 Billion in 2024 and it is estimated to garner USD 86.4 Billion by 2032 with a registered CAGR of 7.9% during the forecast period 2024 to 2032.
The report throws light on the competitive scenario of the global Medical Plastics Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Medical Plastics Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.
The global Medical Plastics Market is fragmented with various key players. Some of the key players identified across the value chain of the global Medical Plastics Market include SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), Covestro (Germany) and others. etc. Considering the increasing demand from global markets various new entries are expected in the Medical Plastics Market at regional as well as global levels.
Download Medical Plastics Market Sample Report PDF: https://www.vantagemarketresearch.com/medical-plastics-market-1665/request-sample
Top Competitors:
SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), Covestro (Germany) and others.
Understanding the Industry's Growth, has released an Updated report on the Medical Plastics Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Medical Plastics Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.
Regional Analysis
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/medical-plastics-market-1665/0
Full Analysis Of The Medical Plastics Market:
Key findings and recommendations point to vital progressive industry trends in the global Medical Plastics Market, empowering players to improve effective long-term policies.
The report makes a full analysis of the factors driving the development of the market.
Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.
Questions answered in the report
-Who are the top five players in the global Medical Plastics Market?
-How will the global Medical Plastics Market change in the next five years?
-Which product and application will take the lion's share of the global Medical Plastics Market?
-What are the drivers and restraints of the global Medical Plastics Market?
-Which regional market will show the highest growth?
-What will be the CAGR and size of the global Medical Plastics Market during the forecast period?
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/medical-plastics-market-1665
Reasons to Purchase this Medical Plastics Market Report:
-Analysis of the market outlook on current trends and SWOT analysis.
-The geographic and country level is designed to integrate the supply and demand organizations that drive industry growth.
-Medical Plastics Industry dynamics along with market growth opportunities in the coming years.
-Medical Plastics Market value (million USD) and volume (million units) data for each segment and sub-segment.
1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.
Market segmentation analysis including qualitative and quantitative analysis including the impact on financial and non-economic aspects.
Complete company profiles that include performance presentations, key financial overviews, current developments, SWOT analyzes and strategies used by major Medical Plastics Market players.
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industrynewsupdates · 3 months ago
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Medical Plastics Market Key Companies and Emerging Trends 2024 - 2030
The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.
This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.
According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.
Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market
Detailed Segmentation:
Market Concentration & Characteristics
Market growth stage is high, and pace of market growth is accelerating owing to overly consolidated market. Medical plastic manufacturers are actively implementing challenging strategic initiatives such as mergers & acquisitions, new product launches, production expansion, among others.
For instance, In November 2023, TekniPlex Healthcare announced the acquisition of Seisa Medical, a medical device manufacturer based in El Paso, Texas, offering various services throughout the product development cycle. This acquisition will enhance the company's materials science and process technologies worldwide for interventional therapy devices and minimally invasive. From development and design to component manufacturing, final assembly, and packaging, Seisa provides global contract manufacturing services for Class II and III medical devices and specialty components.
Process Technology Insights
Injection molding is a widely used process in the medical plastics industry. It has many advantages, including compliance with medical industry standards and regulations. The use of engineering-grade plastics ensures that parts are created to enhance patient safety and comply with FDA (Food and Drug Administration) guidelines. Injection molding is highly flexible, allowing parts to be fully customizable to fit the consumer.
Application Insights
The medical components segment dominated with a revenue share above 40.0% in 2023. The COVID-19 pandemic increased the demand for medical components such as personal protective equipment (PPE), face masks, gloves & gowns, and magnetic resonance imaging (MRI) scanners. The emerging countries manufactured PPE, face masks, and gloves, whereas, developed countries manufactured technology-intensive equipment such as MRI scanners and mechanical ventilators. Hence, the demand for the aforementioned equipment was rising during the pandemic, which in turn is expected to drive the segment’s growth.
Regional Insights
In 2023, North America dominated global medical plastics market with a market share of above 33.0%. This is expected to augment the demand for generic drugs as well as medical devices in the coming years, thereby driving North America medical plastics market over the forecast period. The key applications catered to by this industry include pharmaceutical packaging and medical components manufacturing.
Rising demand for medical plastics in pharmaceutical packaging applications and the rapid growth of the pharmaceutical industry in Mexico and Canada are expected to drive the medical plastics market in the region. For instance, the elimination of stringent regulations by the Mexican government, which had earlier restricted the establishment of new manufacturing units, has resulted in the establishment of new pharmaceutical manufacturing facilities for major companies such as Takeda and Astellas in Mexico.
Product Insights
The Poyphenylsulfone (PPSU) resin segment dominated the medical plastics market with a revenue share of above 51.0% in 2023. The heat and chemical resistance of PPSU can be attributed to this dominance. These plastics possess high strength and durability, making essential surgical tools. These are preferred in surgical robots and biopharmaceutical processing. Polyphenylsulfone exhibits good heat and chemical resistance, making it ideal for metal replacement in medical applications. These plastics possess high flexural strength, impact resistance, and durability and are ideal for producing single- and multi-use surgical instruments. Its high-temperature resistance makes it suitable for multi-use medical devices that are repeatedly steam-sterilized.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• The global polybutadiene market size was valued at USD 1.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.
• The global polycarbonate sheet market size was valued at USD 4.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. 
Key Companies & Market Share Insights
Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.
• In November 2022, Celanese Corporation announced the acquisition of DuPont's Mobility & Material (M&M) business for USD 11 billion. This strategic move enables Celanese to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.
Key Medical Plastics Companies:
The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.
• Röchling SE & Co. KG
• Nolato AB
• Saint-Gobain
• SABIC
• Orthoplastics Ltd
• Eastman Chemical Company
• Celanese Corporation
• Dow, Inc.
• Tekni-Plex, Inc.
• Solvay S.A.
• HMC Polymers Company Limited
• ARAN BIOMEDICAL TEORANTA
• Trelleborg Group
• Avantor, Inc.
• Trinseo
• Evonik Industries AG
Medical Plastic Market Segmentation
Grand View Research has segmented the global medical plastic market based on product, application, and region:
Medical Plastics Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)
• Polyethylene (PE)
• Polypropylene (PP)
• Polycarbonate (PC)
• Liquid Crystal Polymer (LCP)
• Polyphenylsulfone (PPSU)
• Polyethersulfone (PES)
• Polyethylenimine (PEI)
• Polymethyl Methacrylate (PMMA)
• Others
Medical Plastics Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Extrusion
• Injection Molding
• Blow Molding
• Other
Medical Plastics Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)
• Medical Device Packaging
• Medical Components
• Orthopedic Implant Packaging
• Orthopedic Soft Goods
• Wound Care
• Cleanroom Supplies
• BioPharm Devices
• Mobility Aids
• Sterilization and Infection Prevention
• Tooth Implants
• Denture Base Material
• Other Implants
• Others
Medical Plastics Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Netherland
• Asia Pacific
o China
o India
o Japan
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.
Recent Developments
Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.
• In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.
• In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist.
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researchrealmblog · 4 months ago
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How Does Research and Development Boost Medical Injection-Molded Plastics Industry?
The medical injection-molded plastics industry has garnered $23,014.7 million revenue in 2021, and it is projected to rise at a rate of 5.7% from 2021 to 2030, to generate $37,899.5 million in 2030. It is ascribed to the rising consumption of plastic in various healthcare applications, including medical devices, mobility aids, and implant packaging.
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Moreover, the surging research & development expenditure, and technological advancements in the healthcare sector propels the requirement for medical-grade injection-molded polymers.
Medical components capture the substantial industry revenue, of approx. 25% and it is further projected to follow the same trend from 2021 to 2030. It is attributed to the massive usage of high-grade plastics for medical equipment manufacturing, including catheters, syringes, containers, and medical bags.
Furthermore, the rising requirement for light and durable medical products, easy to sterilize is projected to propel the industry.
Additionally, the implants generate significant industry revenue, and their sales are projected to rise at a faster rate in the near future. It is ascribed to the rising elderly population, and the growing prevalence of dental implants, orthopedic disorders, endovascular disorders, and cardiovascular diseases.
In addition, the technological advancements in medical implants, led by extensive R&D to provide better results of medical procedures, cause industry propulsion.
Furthermore, mobility aids have experienced the highest CAGR, and it is projected to rise at the fastest rate in the future. It is ascribed to the worldwide rising elderly population, various technological advancements, and increasing healthcare expenses in developing countries.
Moreover, the rising usage of mobility aids, such as drinking aids, wheelchairs, and bath chairs, propels the market expansion.
Injection-molded plastics play a greater role in the transformation of the healthcare sector. These materials are used in the manufacturing of blood sample analysis cuvettes, pregnancy test devices, needle housing, and other medical components. It ensures their lightweight, easy sterilization, and higher affordability.
In addition, these polymers can be utilized in the production of disposable plastic syringes, and blood bags, by molding them. These plastics are used to create antibacterial contact interfaces that can kill bacteria and other pathogens, and reduce infection spread.
Moreover, these plastics can be customized to cater to the requirements of specific applications. They hold the potential to adapt to the smallest and most-delicate molds. Plastics are massively used in the production of surgical equipment, and products, including contemporary pacemakers, stents, catheters, and joint replacement systems.
North America holds the largest industry revenue, of over 40%, and it is projected to follow the same trend in the near future. It is ascribed to growing per capita income, surging healthcare costs, and a rising elderly population.
The U.S. captures a substantial share of the region-based industry, ascribed to highly advanced technology, growing demand for implantable devices, rising health awareness, healthcare policies, and government support.
APAC is projected to experience the fastest growth in the coming future, rising at a rate of over 6%. It is led by the growing application of injection-molded plastics in medical implants, components, and mobility aids.
In addition, the increasing consumer awareness of affordable medical products developed by molded products, rising concern on research and development of medical devices, and growing adoption of cutting-edge technologies in healthcare is projected to propel the industry growth.
Therefore, the medical injection molded plastics industry is projected to rise due to the increasing elderly population.
Source: P&S Intelligence
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research-89 · 10 months ago
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https://cynochat.com/read-blog/185825_plastic-injection-molding-for-medical-device-market-size-analysis-and-forecast-2.html
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geethasingh · 1 year ago
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trendingreportz · 2 months ago
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Acetic Acid Market - Forecast(2024 - 2030)
Acetic Acid Market Overview
Acetic Acid Market Size is forecast to reach $14978.6 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Acetic acid, also known as ethanoic acid, is a colorless organic liquid with a pungent odor. The functional group of acetic acid is methyl and it is the second simplest carboxylic acid. It is utilized as a chemical reagent in the production of many chemical compounds. The major use of acetic acid is in the manufacturing of vinyl acetate monomer, acetic anhydride, easter and vinegar. It is a significant industrial chemical and chemical reagent used in the production of photographic film, fabrics and synthetic fibers. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling the market growth for Acetic Acid.
Report Coverage
The “Acetic Acid Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Acetic Acid industry.
By Form: Liquid and Solid.
By Grade: Food grade, Industrial grade, pharmaceutical grade and Others.
By Application: Vinyl Acetate Monomer, Purified Terephthalic Acid, Ethyl Acetate, Acetic Anhydride, Cellulose Acetate, Acetic Esters, Dyes, Vinegar, Photochemical and Others 
By End-use Industry: Textile, Medical and Pharmaceutical, Oil and Gas, Food and Beverages, Agriculture, Household Cleaning Products, Plastics, Paints & Coating and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
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Key Takeaways
The notable use of Acetic Acid in the food and beverages segment is expected to provide a significant growth opportunity to increase the Acetic Acid Market size in the coming years. As per the US Food and Agriculture Organization, world meat production reached 337 million tonnes in 2019, up by 44% from 2000.
The notable demand for vinyl acetate monomer in a range of industries such as textile finishes, plastics, paints and adhesives is driving the growth of the Acetic Acid Market. 
Increase in demand for vinegar in the food industry is expected to provide substantial growth opportunities for the industry players in the near future in the Acetic Acid industry.
Acetic Acid Market Segment Analysis – by Application
The vinyl acetate monomer segment held a massive 44% share of the Acetic Acid Market share in 2021. Acetic acid is an important carboxylic acid and is utilized in the preparation of metal acetates and printing processes, industrially. For industrial purposes, acetic acid is manufactured by air oxidation of acetaldehyde with the oxidation of ethanol, butane and butene. Acetic acid is extensively used to produce vinyl acetate which is further used in formulating polyvinyl acetate. Polyvinyl acetate is employed in the manufacturing of plastics, paints, textile finishes and adhesives. Thus, several benefits associated with the use of vinyl acetate monomer is boosting the growth and is expected to account for a significant share of the Acetic Acid Market.
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Acetic Acid Market Segment Analysis – by End-use Industry
The food and beverages segment is expected to grow at the fastest CAGR of 7.5% during the forecast period in the Acetic Acid Market. Acetic Acid is also known as ethanoic acid and is most extensively used in the production of vinyl acetate monomer. Vinyl acetate is largely used in the production of cellulose acetate which is further used in several industrial usage such as textiles, photographic films, solvents for resins, paints and organic esters. PET bottles are manufactured using acetic acid and are further utilized as food containers and beverage bottles. In food processing plants, acetic acid is largely used as cleaning and disinfecting products. Acetic acid is extensively used in producing vinegar which is widely used as a food additive in condiments and the pickling of vegetables. According to National Restaurant Association, the foodservice industry is forecasted to reach US$898 billion by 2022. Thus, the advances in the food and beverages industry are boosting the growth of the Acetic Acid Market. 
Acetic Acid Market Segment Analysis – by Geography
Asia-Pacific held a massive 41% share of the Acetic Acid Market in 2021. This growth is mainly attributed to the presence of numerous end-use industries such as textile, food and beverages, agriculture, household cleaning products, plastics and paints & coatings. Growth in urbanization and an increase in disposable income in this region have further boosted the industrial growth in this region. Acetic acid is extensively used in the production of metal acetates, vinyl acetate and vinegar which are further utilized in several end-use industries. Also, Asia-Pacific is one of the major regions in the domain of plastic production which provides substantial growth opportunities for the companies in the region. According to Plastic Europe, China accounted for 32% of the world's plastic production. Thus, the significant growth in several end-use industries in this region is also boosting the growth of the Acetic Acid Market.
Acetic Acid Market Drivers 
Growth in the textile industry:
Acetic Acid, also known as ethanoic acid, is widely used in the production of metal acetate and vinyl acetate which are further used in the production of chemical reagents in textiles, photographic films, paints and volatile organic esters. In the textile industry, acetic acid is widely used in textile printing and dyes. According to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the U.S. Department of Commerce, from January to September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose by 17.31% to US$12.365 billion. Vinyl acetate monomer is utilized in the textile industry to produce synthetic fibers. Thus, the global growth in demand for textiles is propelling the growth and is expected to account for a significant share of the Acetic Acid Market size.
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Surge in use of vinegar in the food industry:
The rapid surge in population along with the adoption of a healthy and sustainable diet has resulted in an increase in demand for food items, thereby increasing the global production level of food items. As per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tonnes, showing an increase of 54% from 2000, while global vegetable production was 1128 million tonnes, showing an increase of 65%. Furthermore, world meat production reached 337 million tonnes in 2019, showing an increase of 44% from 2000. Acetic acid is majorly used in the preparation of vinegar which is further widely utilized as a food ingredient and in personal care products. Vinegar is used in pickling liquids, marinades and salad dressings. It also helps to reduce salmonella contamination in meat and poultry products. Furthermore, acetic acid and its sodium salts are used as a food preservative. Thus, the surge in the use of vinegar in the food industry is boosting the growth of the Acetic Acid Market.
Acetic Acid Market Challenge
Adverse impact of acetic acid on human health:
Acetic Acid is considered a strong irritant to the eye, skin and mucous membrane. Prolong exposure to and inhalation of acetic acid may cause irritation to the nose, eyes and throat and can also damage the lungs. The workers who are exposed to acetic acid for more than two or three years have witnessed upper respiratory tract irritation, conjunctival irritation and hyperkeratotic dermatitis. The Occupational Safety and Health Administration (OSHA) reveals that the standard exposure to airborne acetic acid is eight hours. Furthermore, a common product of acetic acid i.e., vinegar can cause gastrointestinal tract inflammatory conditions such as indigestion on excess consumption. Thus, the adverse impact of Acetic Acid may hamper the market growth. 
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Acetic Acid Industry Outlook
The top 10 companies in the Acetic Acid Market are:
Celanese Corporation
Eastman Chemical Company
LyondellBasell
British Petroleum
Helm AG
Pentoky Organy
Dow Chemicals
Indian Oil Corporation
Daicel Corporation
Jiangsu Sopo (Group) Co. Ltd.
Recent Developments
In March 2021, Celanese Corporation announced the investment to expand the production facility of vinyl portfolio for the company’s acetyl chain and derivatives in Europe and Asia.
In April 2020, Celanese Corporation delayed the construction of its new acetic acid plant and expansion of its methanol production by 18 months at the Clear Lake site in Texas.
In October 2019, BP and Chian’s Zhejiang Petroleum and Chemical Corporation signed MOU in order to create a joint venture to build a 1 million tonne per annum Acetic Acid plant in eastern China.
Key Market Players:
The Top 5 companies in the Acetic Acid Market are:
Celanese Corporation
Ineos Group Limited
Eastman Chemical Company
LyondellBasell Industries N.V.
Helm AG
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global-research-report · 10 hours ago
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Market Dynamics of Non-Phthalate Plasticizers: Opportunities and Challenges
The global non-phthalate plasticizers market size was estimated at USD 3.31 billion in 2023 and expected to grow at a CAGR of 4.25% from 2024 to 2030. Health and environmental concerns associated with traditional phthalates have led industries to seek out non-phthalate options. This trend is particularly evident in sectors such as packaging, medical devices, and automotive, where the use of non-toxic materials is becoming increasingly critical. The market is also witnessing a rise in applications across various industries, reflecting a broader shift towards sustainability and safety.
Another notable trend in the non-phthalate plasticizers market is the increasing focus on bio-based plasticizers. As sustainability becomes a paramount concern across industries, manufacturers are exploring renewable sources for plasticizer production. Bio-based plasticizers, derived from natural materials such as vegetable oils and other biomass, offer an eco-friendly alternative to conventional options. This trend is gaining momentum as companies strive to reduce their carbon footprint and meet consumer demands for greener products. The development and commercialization of bio-based non-phthalate plasticizers not only aligns with global sustainability goals but also opens new avenues for innovation and market expansion.
Non-phthalate Plasticizers Market Report Segmentation
Adipates segment held the largest market share of 45.73% in 2023. Adipates are widely used due to their exceptional flexibility and performance in low-temperature conditions, making them suitable for products that require durability in variable climates. 
Flooring & wall coverings segment held the largest market share of 26.36% in 2023. In the construction sector, these plasticizers are essential in the production of flooring and wall coverings, providing the necessary flexibility, durability, and safety.
In North America, the non-phthalate plasticizers market is driven by stringent regulatory standards set by agencies such as the U.S. Environmental Protection Agency (EPA) and the Consumer Product Safety Commission (CPSC).
Non-phthalate Plasticizers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented non-phthalate plasticizers market report based on type, application, and region:
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Adipates
Trimellitates
Benzoates
Epoxies
Others
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Flooring & wall coverings
Wires & cables
Films & sheets
Coated fabrics
Consumer goods
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
Spain
France
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Order a free sample PDF of the Non-phthalate Plasticizers Market Intelligence Study, published by Grand View Research.
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hariganesh858 · 19 hours ago
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Biopharmaceutical Tubing Market
Biopharmaceutical Tubing Market Size, Share, Trends: Saint-Gobain Performance Plastics Leads
Increasing Acceptance of Biopharmaceutical Manufacturing Single-Use Systems
Market Overview:
Rising at a CAGR of 7.8%, the worldwide Biopharmaceutical Tubing Market is expected to reach USD 7.2 billion by 2031 from USD 3.9 billion in 2022. Over the projection period, North America should lead the market. The growing biopharmaceutical sector and rising need for sophisticated drug delivery systems are driving notable increase in the market for biopharmaceutical tubing. The need for high-quality biopharmaceutical tubing is being driven by the increased frequency of chronic illnesses and expanding aging population, which also inspire the need for creative medical equipment and drug delivery systems. Furthermore improving the performance and adaptability of biopharmaceutical tubing are technical developments in materials science and production techniques, thus driving market expansion.
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Market Trends:
Single-use solutions in manufacturing techniques are clearly taking the stage in the biopharmaceutical sector. The need for more flexibility, lower contamination risks, and better cost-effectiveness in biopharmaceutical manufacture fuels this movement. Reduced cleaning and validation needs, less capital investment, and quicker changeover between manufacturing batches are just a few of the benefits of single-use systems—including disposable tubing and components. Consequently, biopharmaceutical businesses are using single-use tubing solutions more and more in their production processes, which increases demand for specialized disposable tubing materials satisfying strict quality and regulatory criteria.
Market Segmentation:
Silicone tubing is highly sought-after in the biopharmaceutical tubing industry because to its exceptional properties and versatility. Silicone has exceptional biocompatibility, flexibility, and resistance to extreme temperatures, making it ideal for use in peristaltic pumps, drug delivery systems, and other critical biopharmaceutical operations. Its low extractables and leachables profile, combined with its ability to hold its own throughout sterilisation processes, increase its appeal within the industry even more.
Market Key Players:
The biopharmaceutical tubing market is highly competitive, with strong rivalry among important companies emphasizing on innovation, quality, and customizing possibilities. Key companies such as Saint-Gobain Performance Plastics, Nordson Corporation, Zeus Industrial Products, Inc., Freudenberg Medical, W. L. Gore & Associates, Inc., NewAge Industries, Inc., Teleflex Incorporated, Optinova, and Lubrizol Corporation dominate the market.
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kristinahertzz · 24 hours ago
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Medical Packaging Films Market
Medical Packaging Films Market Size, Share, Trends: Amcor plc Leads
Leveraging Sustainable and Eco-Friendly Packaging Solutions
Market Overview:
The global Medical Packaging Films Market is experiencing remarkable growth, driven by several key factors. The expanding healthcare industry, coupled with the increasing demand for flexible packaging solutions and stringent regulations governing medical packaging, is propelling the market forward. North America currently dominates the market, accounting for approximately 35% of the global market share, thanks to its advanced healthcare infrastructure. As the global population ages and chronic diseases become more prevalent, there is a growing need for innovative packaging solutions that ensure the safety, efficacy, and longevity of medical products. Additionally, the COVID-19 pandemic has further accelerated the demand for medical packaging films, particularly for the production of personal protective equipment (PPE) and diagnostic kits.
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Market Trends:
A significant trend in the medical packaging films market is the increased demand for sustainable and eco-friendly packaging solutions. This shift is driven by growing environmental concerns, regulatory pressures, and changing consumer preferences. Manufacturers are increasingly focusing on developing biodegradable, compostable, and recyclable materials to reduce the environmental impact of their products. Bio-based polymers, such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA), are emerging as popular alternatives to traditional petroleum-based plastics. This trend towards sustainability is crucial as it aligns with global efforts to reduce carbon footprints and promote environmental stewardship in the healthcare sector.
Market Segmentation:
In the medical packaging films market, polyethylene (PE) stands out as the dominant material segment. This thermoplastic polymer is highly valued for its versatility, cost-effectiveness, and superior barrier properties. PE films exhibit exceptional moisture resistance, ensuring that moisture-sensitive medical devices and pharmaceuticals remain uncompromised throughout their shelf life. The material's inherent flexibility allows it to accommodate a wide array of medical items, from small tablets to large surgical instruments. One of PE's standout features is its excellent sealability, which is crucial for maintaining a sterile environment within the package. As of 2023, approximately 15% of PE films used in medical packaging were made from recycled or bio-based materials, with this percentage expected to reach 25% by 2026.
Market Key Players:
The medical packaging films market is characterized by intense competition, with several key players vying for market share. Major companies such as Amcor plc, Berry Global Inc., DuPont de Nemours, Inc., Weigao Group, Wipak Group, and Renolit SE are at the forefront, driving innovation and sustainability initiatives. These industry leaders are focusing on product development, strategic collaborations, and sustainability to maintain their competitive edge.
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willyskristina · 2 days ago
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Injection Moulding Machines Market
Injection Moulding Machines Market Size, Share, Trends: Engel Austria GmbH Leads
Shift Towards All-Electric Injection Moulding Machines Enhances Efficiency and Precision
Market Overview: 
The Injection Moulding Machines Market is expected to develop at a 4.2% CAGR from 2024 to 2031. The market value is predicted to rise from XX USD in 2024 to YY USD in 2031. Asia-Pacific currently leads the industry, with key data suggesting robust manufacturing activity and technical breakthroughs. The market is growing steadily, owing to rising demand from numerous end-use sectors, technological advancements, and a growing trend towards automation in manufacturing processes.
The market is expanding rapidly due to the growing demand for plastic components, especially from the automotive industry. Technological advancements in injection moulding processes and equipment are further propelling market growth.
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Market Trends: 
The injection moulding machine market is experiencing a considerable shift towards all-electric equipment. Compared to hydraulic machines, these machines are more energy efficient, precise, and clean. All-electric machines offer greater control over the moulding process, resulting in higher quality products and lower scrap rates. Furthermore, they run more silently and require less maintenance, making them increasingly popular in a variety of industries. The trend is especially significant in areas that require very precise components, such as medical devices and electronics.
Market Segmentation: 
All-electric injection moulding machines have emerged as the market's dominating category, accounting for a sizable market share. All-electric devices are popular because they offer several benefits such as energy savings, precision, and cleanliness. These machines consume up to 70% less energy than hydraulic machines, leading to significant long-term cost benefits for manufacturers.
All-electric machines' precision is especially valuable in industries that require high-accuracy components, such as medical devices and electronics. A renowned industry group discovered that all-electric machines may attain precision levels of up to 0.01mm, compared to 0.05mm for hydraulic machines. This level of accuracy is essential for making complex, high-quality parts with few flaws.
Recent technological developments have accelerated the introduction of all-electric injection moulding equipment. For example, the incorporation of Industry 4.0 technology like IoT sensors and improved control systems has increased the capability of these devices. A leading market research agency reported that the market share of all-electric machines climbed from 30% in 2019 to 45% in 2023, and this trend is projected to continue in the following years.
Market Key Players:
Engel Austria GmbH
Arburg GmbH + Co KG
Sumitomo (SHI) Demag Plastics Machinery GmbH
Haitian International Holdings Limited
KraussMaffei Group GmbH
Nissei Plastic Industrial Co., Ltd.
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roshankumar7904800 · 8 days ago
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Gastrointestinal Stents Market
Gastrointestinal Stents Market Size, Share, Trends: Boston Scientific Corporation Lead
Rising adoption of self-expanding metal stents (SEMS) drives market growth
Market Overview:
The Gastrointestinal Stents Market is projected to grow at a CAGR of 5.7% from 2024 to 2031. The market value is expected to increase from USD XX billion in 2024 to USD YY billion by 2031. Europe currently dominates the market, with key metrics indicating strong growth in minimally invasive gastrointestinal procedures and an aging population. The market is experiencing significant expansion due to increasing prevalence of gastrointestinal diseases, technological advancements in stent design, and growing preference for minimally invasive procedures.
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Market Trends:
The gastrointestinal stents market is witnessing a significant trend towards the adoption of self-expanding metal stents (SEMS). These stents are gaining popularity due to their ability to provide effective and long-lasting relief from various gastrointestinal obstructions. SEMS offer several advantages over traditional plastic stents, including better patency rates, reduced migration risk, and improved patient comfort. The versatility of SEMS in treating both malignant and benign strictures across different segments of the gastrointestinal tract has led to their increased use in clinical practice. This trend is further supported by ongoing innovations in stent materials and designs, which aim to enhance their performance and reduce complications.
Market Segmentation:
Colorectal stents dominate the market, driven by rising incidence of colorectal cancer and bowel obstructions. The colorectal stents segment currently holds the largest market share in the gastrointestinal stents market. This dominance is attributed to the high incidence of colorectal cancer and the increasing use of stents for managing acute malignant colonic obstruction. Colorectal stents offer an effective minimally invasive alternative to emergency surgery, reducing morbidity and improving patient outcomes.
Recent clinical data has shown that the use of colorectal stents as a bridge to surgery in patients with obstructing colorectal cancer can significantly reduce the need for emergency surgeries by up to 80%. The pharmaceutical and medical device industries have been major contributors to the growth of the colorectal stents segment.
Market Key Players:
Boston Scientific Corporation
Cook Medical
Olympus Corporation
ELLA-CS, s.r.o.
Merit Medical Systems, Inc.
Taewoong Medical Co., Ltd.
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industrynewsupdates · 2 hours ago
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Medical Component Manufacturing Market Key Players, Revenue And Growth Rate
The global medical component manufacturing market size is expected to reach USD 15.93 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2021 to 2030. The rising demand for 3D printed parts in the medical industry is projected to contribute to market growth.
Penetration is the adoption of medical component manufacturing in various applications in the market. The penetration of medical component manufacturing is likely to be the highest in the 3D printing segment. The benefits of 3D printing such as improved productivity, cost-effectiveness, personalization, and customization of medical products, applications in complex operations, and rapid medical prototyping are projected to benefit the growth of the 3D printing market.
The plastic injection molding process segment accounted for the largest revenue share of over 65.0% in 2020. The segment is projected to grow due to the development of efficient products using better-engineered resins. Moreover, the process can help component manufacturers produce cost-effective products in various sizes and shapes. Some of the low-cost products include disposable gloves, syringes, plastic instruments, and different one-time products for healthcare facilities.
The rising geriatric population is projected to remain an indirect contributor to market growth. There has been a change in the pattern of the aging population across the globe in the recent past owing to the decreasing levels of fertility and rising life expectancy. This has led to a longer lifespan of people, wherein the share of old people or geriatric population is growing at a rapid pace. As per the United Nations, there are over 727 million people globally who are aged 65 or above as of 2020.
Gather more insights about the market drivers, restrains and growth of the Medical Component Manufacturing Market
Medical Component Manufacturing Market Report Highlights
• The 3D printing process segment is anticipated to register the fastest CAGR of 20.8% from 2021 to 2030. Suitability to produce complex and customized products, along with cost efficiency in low volume production, is projected to drive the segment over the forecast period
• The plastic injection molding process segment held the largest revenue share of over 65.0% in 2020. Advantages such as durability, strength, ease of handling, and improved sterilization make the process comply with stringent regulations set by different government bodies
• North America accounted for the largest revenue share of over 40.0% in 2020. The Increasing geriatric population, along with a rise in lifestyle diseases, is projected to benefit the growth of the medical device industry in the region, thus benefiting the demand for various medical components
• Leading companies in the industry are focused on the development of advanced processes such as 3D printing and are likely to increase their R&D expenditure over the coming years. The merger & acquisition activities are anticipated to rise over the coming years as companies are focused on improving their market share
Medical Component Manufacturing Market Segmentation
Grand View Research has segmented the global medical component manufacturing market on the basis of process and region:
Medical Component Manufacturing Process Outlook (Revenue, USD Billion, 2017 - 2030)
• Forging
• Metal Injection Molding
• 3D Printing
• Ceramic Injection Molding
• Investment Casting
• Plastic Injection Molding
Medical Component Manufacturing Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
• Europe
o Germany
o France
o U.K.
o Spain
• Asia Pacific
o China
o India
o Japan
Order a free sample PDF of the Medical Component Manufacturing Market Intelligence Study, published by Grand View Research.
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research-fusion · 10 days ago
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Global Retort Packaging Market Segments and Emerging Trends (2024-2032)
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The global retort packaging market size was valued at USD 4.62 billion in 2023 and is projected to be worth USD 4.85 billion in 2024 and reach USD 7.51 billion by 2032, exhibiting a CAGR of 5.61% during the forecast period. A retort pouch is food packaging type produced by using a laminate of metal foils and flexible plastic. The increasing use of retort pouches, cups, and trays in the food industry to propel the adoption of retort pouches.
Segments
The global retort packaging market is segmented based on product type, material, application, and region.
a) By Product Type:
Pouches: The most dominant segment, pouches account for the largest market share due to their flexibility, light weight, and cost-effectiveness.
Trays: Used mainly for packaging meals that require reheating.
Cartons: Gaining popularity due to their eco-friendliness.
b) By Material:
Polypropylene (PP): One of the most widely used materials in retort packaging due to its high heat resistance.
Polyethylene Terephthalate (PET): Used for its durability and resistance to heat.
Aluminum Foil: Known for its excellent barrier properties to oxygen and moisture.
c) By Application:
Food & Beverages: This is the largest application segment, driven by demand for ready meals, baby food, and pet food. The ready-to-eat meal segment is seeing robust growth due to busy lifestyles.
Pharmaceuticals: Retort packaging is increasingly used to extend the shelf life of medical supplies.
Personal Care: A smaller but growing segment, used for packaging temperature-sensitive cosmetic products.
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
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Drivers & Restraints
Increasing Consumption of Packaged Food by Consumers to Drive Market Growth
The surging intake of packaged food by consumers along with the increasing demand for ready-to-eat food items drive the retort packaging market growth. The market growth is also propelled by the growing interest of consumers toward packaged food and rising food industry globally.
However, the high cost of primary machine and the complexity of the process may impede the market expansion.
List of Key Players Present in the Report:
Amcor (Switzerland)
Sealed Air (U.S.)
Coveris (Austria)
Mondi (U.K.)
Huhtamaki Oyj (Finland)
Sonoco Products Company (U.S.)
Constantia Flexibles (Austria)
ProAmpac (U.S.)
Flair Flexible Packaging Corporation (Canada)
Winpak Ltd. (Canada)
Logos Packaging (China)
DNP America (U.S.)
HPM Global Inc. (South Korea)
Printpack (U.S.)
Tetra Pak (Switzerland)
Regional Insights
Asia Pacific Dominates the Market Due to Increase in Cost-Effective Packaging Solutions Demand
Asia Pacific is the leading region in the retort packaging market share. The region’s growth is attributed to the increasing demand for cost-effective packaging solutions integrated with the growing packaged foods demand, such as ready to eat meals, and changing consumer lifestyles.
North America is the second leading region in the market due to the surging use of retort trays, pouches, and containers owing to their features, including lightweight and portability.
Competitive Landscape
Key Players are Offering Innovative Packaging Solutions Driving Market Expansion
In terms of the competitive landscape, the market consists of key players, including Amcor, Coveris, and others. These major players in the market are offering innovative packaging solutions in the packaging industry to maintain competitive edge in the market.
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Key Industry Development
April 2022 – ProAmpac launched high-performance retort pouches containing post-consumer recycled materials. The company had developed these unique ProActive PCR retort pouches to fulfill the increasing demand for post-consumer recycled (PCR) packaging solutions.
Challenges
High Production Costs: The cost of manufacturing retort packaging can be high, especially when using advanced materials like aluminum or recyclable plastics.
Regulatory Barriers: Strict regulations around food safety, particularly in Europe and North America, can pose challenges for manufacturers in developing new packaging materials and methods.
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marketingreportz · 13 days ago
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PVC Additives Market-Industry Forecast, 2024–2030
PVC Additives Market overview
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Report Coverage
The report: “PVC Additives Market- Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the PVC Additives Industry.
By Type: Stabilizers, Impact Modifiers, Processing Aids, Lubricants, Plasticizers, Fillers, Others.
By Form: Granules, Powder, and Liquid.
By Fabrication Process: Extrusion, Injection Molding, Blow Molding and Others.
By Application: Pipes, Packaging, Furniture’s, Door and Windows, Cables, Medical Devices, Flooring, and Others.
By End Use: Building and Construction, Automotive industry, Textile Industry, Electrical and Electronics, Medical Industry, Food and Beverages, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
Asia Pacific dominates the PVC Additives market owing to rapid increase in building and construction sector.
Certain applications require higher impact strength than PVC would demonstrate normally.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in PVC Additives market and their specific segmented revenue.
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PVC Additives Market Segment Analysis — By Type
Stabilizers held the largest share in the PVC Additives market in 2019. This growth is mainly attributed to the increasing demand for stabilizers in varied applications such as pipes & fittings, rigid & semi-rigid films, and others. Due to their superior properties, such as UV resistance, weathering and heat-aging, stabilizers are increasingly favored over other types of additives. To avoid premature degradation, many polymers are vulnerable to environmental degradation and require the addition of a stabilizer such as an antioxidant or UV absorbent. Hampered phenols and obstructed amine light stabilizers (HALS) deactivate emerging radicals, like air-oxidated peroxy compounds. UV absorbers dissipate UV radiation through the material by a method that is non-destructive. Monomers are added to free radical inhibitors as stabilizers to prevent premature polymerization.
PVC Additives Market Segment Analysis — By Forms
Granules held the largest share in the PVC Additives market in 2019. Granules help to increase the density of the freshly synthesized polymer since it lacks the flowing properties required to be processed by an extruder. Due to their plasticity property, they can be molded or shaped by application of heat. Other characteristics of plastic are its low electrical conductivity, low density, transparency and toughness which allowed it to be used for the creation of different products. In addition, plastic’s versatility has led to its use in a wide array of industries. In order to produce normal and high-strength concretes, 10%, 20%, and 30% replacement ratios by volume of PVC granules and powder are used.
PVC Additives Market Segment Analysis — By Fabrication Process
Extrusion held the largest share in the PVC Additives market in 2019. Extrusion is used mainly for handling large plastic volumes. The pellets, granules, chips, or powders are fed into the extruder and melted under high temperatures. PVC compounding is a process where additives are mixed with the base resin in order to obtain a homogenous mix. The additives are used either to enhance process capabilities or to improve product efficiency. The use of sizing parts will generate any length of profiles to the desired length. Co-extrusion allows the manufacture of semi-finished multi-layer products with special barrier properties.
PVC Additives Market Segment Analysis — By Application
Pipes is projected to witness highest share in PVC Additives market in 2019. This rise is mainly due to the growing demand for pipes & fittings in piping and plumbing, gas pipeline laying, and telecommunication and electrical cable sheathing. Due to the replacement of traditional concrete, iron, and steel-based pipes & fittings with PVC pipes in the building & construction industry, the market for PVC additives in the pipes & fittings segment is expected to witness significant development. The market for building materials is on high demand, with the continually growing population. The prerequisite for housing is pipes and fittings, which are a critical necessity. Urbanization with a large network of connections has contributed to an increase in drainage requirements. There is a growing demand for pipes and fittings to cope with advanced piping links, which in turn drives market growth. Globally, there has been a rising demand for rainwater harvesting system that has helped to heat up the pipe and fit market. In 2019, recently the commercial sector has slowed as the risk for a downturn in global construction increases due to COVID-19 pandemic which led to temporary lockdown of all economic activities across globe.
PVC Additives Market Segment Analysis — By End Use
Building and construction dominates the PVC Additives market growing at a CAGR of 6.00%. With the growing construction industry and its demand for PVC Additives particularly in the regions of Asia-Pacific, North America and Europe, the demand of PVC Additives for all kinds of buildings is expected to see an upsurge. Residential application segment is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in PVC Additives will support the growth of the PVC Additives market.
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PVC Additives Market Segment Analysis — Geography
Asia-Pacific (APAC) dominated the PVC Additives market growing at CAGR of 41% followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing construction markets globally. Large and more developed markets such China, India, Japan, and South Korea are expected to grow more in the coming years. China is driving much of the PVC Additives market demand in Asia-Pacific region followed by India and Japan. Of the five fastest growing regions in construction sector, other than U.S. all are Asian countries including China and India who majorly drive the demand for construction investment in this regions. The strong and healthy growth in construction sector is associated with growing population and middle class economy, which tend to drive APAC residential construction market further and hence the PVC Additives market. The number of buildings that have illuminated PVC Additives is growing sharply in APAC region. The increasing number of new building constructions, along with the rise in the number of renovation projects has further propelled the market. Currently the construction industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.
PVC Additives Market Drivers
Replacement of conventional material with PVC will drive the market
PVC is replacing traditional building materials such as wood, metal, concrete and clay in many applications. Versatility, cost-effectiveness and excellent use record make it the most important polymer in the construction sector, accounting for 60%. These products are often lighter, less expensive and offer many performance advantages. Making it prominent material than conventional.
Rapid industrialization and infrastructure activity will augment the growth of PVC Additives
Improvement in economic climate along with boom in industrialization and infrastructure activity across the globe is leading the growth of PVC Additives. Oxford Economics has estimated global infrastructure investment needs to be $94 trillion between 2016 and 2040. This is 19 percent higher than would be delivered under current trends. With the increasing rate of industrialization and infrastructure activity, as a result of which PVC Additives growth is augmenting.
PVC Additives Market Challenges
Low R&D expenditure in the emerging markets and high maintenance cost will hamper the market to growth
Innovation is the key to developing new products, but most manufacturers are not investing much into R&D. Rather than cutting-edge technology, they invest in creating relevant technology. These factors are hampering the growth of the market. Because most of the pipes and fittings are located underground in the event of any malfunction or failure, the cost of repairs can be even greater.
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Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the PVC Additives market. In 2019 the PVC Additives market has been consolidated by the top five players accounting for xx% of the share. Major players in the PVC Additives market are BASF SE, Arkema SA, Akzo Nobel N.V, Adeka Corporation, Clariant AG and Others.
Acquisitions/Technology Launches/ Product Launches
In April 2017, Lanxess Corporation has completed acquisition of Chemtura. With this acquisition, Lanxess significantly expands its market position for PVC additives. A notable sampling includes: the sale of its proprietary OBS (organic-based heat stabilizers) for rigid PVC applications to Baerlocher; the sale of the rest of its PVC additives business to Galata Chemicals.
Key Market Players
The Top 5 companies in the PVC Additives Market are:
BASF SE
Arkema SA
Akzo Nobel N.V
Adeka Corporation
Clariant AG
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suryakantd · 15 days ago
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Thermosetting Plastics Market Size, Regional Revenue and Outlook 2025-2037
Research Nester assesses the growth and market size of the global thermosetting plastics market which is anticipated to be on account of the rising demand for bio dependent thermosetting plastic
Research Nester’s recent market research analysis on “Thermosetting Plastics Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global thermosetting plastics market in terms of market segmentation by type, molding process, end-user industry and by region.
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Growing Demand for Bio-Based Thermosetting Plastics to Promote Global Market Share of Thermosetting Plastics Market
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The global thermosetting plastics market is estimated to grow majorly on account of the increased demand for polyurethane in the automotive industry. Some common uses of thermoset plastics across numerous industries and sectors include water & gas pipelines, medical equipment, storage boxes, and construction machinery parts. Since the thermosetting plastics are flexible and lightweight. Thermoset composites remain stable at all temperatures and in all ambiance. For instance, Bakelite is the most common thermoset plastic that is widely used in kitchenware, jewelry, children's toys, and pipe stems. Bakelite is also used in making switches because of its poor conductivity to electricity and heat. Other than this, epoxy resin is also applied to floors and various other surfaces to add tough coating. The global epoxy resin production stood at almost 3600 thousand tonnes in the year 2022. On the back of the rising utilization of thermoset plastics on various devices, the global thermosetting plastics market is anticipated to grow during the forecasted period. Other than this, the rising growth in the construction industry and rising demand for polyurethane in the automotive industry. Also, the advent of bio-based plastics is likely to showcase growth opportunities for the global thermosetting plastics market during the forecasted period. The properties such as chemical resistance, heat resistance, and structural integrity of the thermoset plastics are also going to augment the growth of the global thermosetting plastics market during the forecasted period.
Some of the major growth factors and challenges that are associated with the growth of the global thermosetting plastics market are:
Growth Drivers:
Rising Demand for Bio-depended Thermosetting Plastics
Surging Utilization of Thermosetting Plastics Making Kitchen Utensils 
Challenges:
The rising feedstock crunch and exorbitant cost of thermosetting plastics, stringent government policies, and problems related to manufacturing techniques are some of the major factors anticipated to hamper the global market size of the global thermosetting plastics market.
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By type, the global thermosetting plastics market is segmented into unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, vinyl, and ester. Out of these, the unsaturated polyesters segment is expected to grow the most during the forecasted period. The growth can be attributed to the outstanding thermal opposition and high creep power of the materials.
By region, the Europe thermosetting plastics market is to generate the highest revenue by the end of 2036. The rising demand for thermosetting plastics can be attributed to the increasing utilization of epoxy for making various appliances.
This report also provides the existing competitive scenario of some of the key players of the global thermosetting plastics market which includes company profiling of Alchemie Ltd., Celanese Corporation, LANXESS, DAICEL CORPORATION, INEOS, BASF SE, Covestro A.G., BUFA GmbH & Co. KG, Daicel Corporation, Eastman Chemical Company, Asahi Kasei Corporation, Mitsui Chemicals, Inc., NIPPON STEEL Chemical & Material Co., Ltd., INOAC Corporation and others.     
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