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#Specialty EPS Resin Market Trend
latestanalysis · 3 years
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Global Specialty EPS Resin Market Share Worldwide Industry Growth, Size, Statistics, Industry Key Features, Opportunities & Region Analysis Report 2021 to 2027
Global Specialty EPS Resins market was valued at US$ 6,008.7 Mn in 2017 and it is expected to reach at US$ 15,146.0 Mn by 2027, growing at CAGR 10.7% during the period, 2016-2027.
The increase in demand for sustainable & lightweight solutions which provide extreme durability, along with improved thermal insulation, is expected to boost the growth of the global specialty EPS resin market over the forecast period. The rise in demand for acoustic & thermal insulation in the building & construction industry in developing nations such as China and India is expected to enhance the demand for high-quality polymers. Also, the rise in demand among consumers for durable commercial & residential buildings, which can easily withstand extreme changes in the external environment, is expected to drive the market growth.
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Market Drivers:
The increase in demand for specialty EPS in construction & packaging industries
Expanded Polystyrene (EPS) is used in the construction sector due to its closed-air low-thermal conductivity, mechanical resistance, lightweight, low water absorption, and sound resistance (in office & rooms). They provide tangible environmental advantages which maximize energy efficiency, improve indoor environmental quality, & enhance the durability of the buildings & packaged products.
The demand for specialty EPS in packaging application segment is expected to generate significant revenue. It is attributed to the excellent shock-absorbing properties of EPS, thus making it ideal for the storage and transportation of products, including healthcare, & chemical products, electronics equipment, consumer goods. Excellent moisture resistance & thermal insulation provided by EPS help retain the freshness of perishable products, like seafood & fruits and vegetables. Also, compression resistance provided by expanded polystyrene makes it ideal for stackable packaging goods. Thus, excellent properties offered by Expanded Polystyrenes are significantly improving its demand for packaging applications. This leads to increase the demand for specialty EPS over the forecast period. The impact of this driver is very high
Market Restraints:
Ban on EPS products in few countries
In a few major economies, the EPS items have been banned. Styrofoam cups cannot be recycled as they are already expanded and to produce these cups, it needs virgin polystyrene beads. As EPS materials are not biodegradable, some consumers do not prefer use and throw Expanded Polystyrene coffee cups.
The banned products contain polystyrene foam single-service items, such as bowls, cups, plates, take-out containers, trays, polystyrene loose fill packaging, commonly called as packing peanuts. However, there are some exceptions such as EPS containers used for prepackaged food which are filled & sealed prior to receipt by the food service establishment; mobile food store; & containers used to store raw meat, fish, pork, seafood, or poultry sold from a butcher case or similar retail appliance are still in use.
Expanded Polystyrene (EPS) is banned in several countries including New York, DC, Washington, Minneapolis, San Francisco, Oakland, Portland, Albany & Seattle.
This factor hinders the market growth. The impact of this restraint is very high
Market Opportunity:
Product launch and innovation creates new opportunities in the market
The companies operating in the market are investing large amount in research and development to launch new products. This can create new opportunities in the market
For instance, in 2019, BASF SE had raised its global production capacity of graphite polystyrene rigid foam and a type of EPS by 40,000 metric tons per year. The capacity addition was done at 2 production sites, namely Ulsan (Korea) & Ludwigshafen (Germany). At the Ulsan production facility, the organization switched the entire 85,000 metric tons capacity from classic white EPS to grey EPS to enhance the insulation property of the raw material. This move allowed BASF SE to cater to the surging demand for grey material in the APAC market.
Regional Analysis
North America is accounted for the highest market share in 2016. However, Asia pacific region is expected to grow at a healthy rate over the forecast period.
Asia Pacific led the market and accounted for more than 40.0% share of the global revenue in 2019. It is attributed to ascending demand for the product from applications, such as automotive, packaging, and construction, in emerging economies such as China & India. The construction industry in APAC is the fastest-growing market across all regions. The rise in urbanization, the increase in disposable income, and government initiatives including the “housing for all” project in India, are propelling the growth of the construction industry in this region.
Europe is the prominent consumer of expanded polystyrene owing to high demand from the automotive, packaging, and construction sectors. Expanded Polystyrene (EPS) finds application in various industries due to its versatile benefits, lightweight, easy molding, & desired shape formation. In recent years, the demand for expanded polystyrene from green building design applications in the European market has witnessed a significant increase owing to its excellent environmental advantages that can offer improved indoor environmental quality, energy efficiency, & enhanced durability.
Recent Developments
In January 2020, Eni & Pertamina sign MOU to cooperate in the areas of circular economy, low carbon products & renewable energies.
In June 2020, BEWiSynbra Group, a producer of EPS in Europe had announced that the company has signed an agreement to acquire a minority stake in a United Kingdom based newly formed EPS insulation & packaging company. The new comapny derives from manufacturer & supplier of EPS products for insulation & civil engineering applications, & sister company Styropack, who is producer of EPS packaging. The new company will be jointly owned by parts of the current management and by BEWiSynbra Group. The name of the comapny will be Jablite Group and which operate as a stand-alone company, in collaboration with BEWiSynbra Group.
In February 2020, Sekisui Chemical & Sumitomo Chemical had announced to cooperate on Circular Economy Initiative Manufacturing Polyolefin using Waste as Raw Material. Two organizations have agreed to form a strategic alliance to provide benefit to society by deploying technology for manufacturing polyolefin by using waste as a raw material. This alliance combines SEKISUI CHEMICAL’s production technology for transforming waste into ethanol with Sumitomo Chemical’s technological know-how in manufacturing polyolefin, thereby promoting circular economy initiatives to chemically recycle waste into polyolefin. Pilot production will begin in fiscal 2022, with SEKISUI CHEMICAL turning waste into ethanol, and Sumitomo Chemical using this ethanol as raw material for polyolefin. A full-scale market launch of this production method is expected in fiscal 2025.
Market Segmentation
The market is segmented into type such as Colored (Grey, White, Black), and Graphite, by function such as Protection, Insulation, Cushioning, and others. Further, market is segmented into application such as Protective Packaging, Building & Construction, Automotive & Transportation, Electronic, and Healthcare.
Also, Global Specialty EPS Resin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some key players are listed in this report such as BASF SE, Sekisui Plastics Co., Ltd, SUNPOR KUNSTSTOFF Gmbh, Atlas EPS, VERSALIS, SABIC, LG Chem., Ltd., BEWiSynbra Group AB, Total S.A., etc.
Market Taxonomy
By Type
Colored (Grey, White, Black)
Graphite
By Function
Protection
Insulation
Cushioning
Others
By Application
Protective Packaging
Building & Construction
Automotive & Transportation
Electronic
Healthcare
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Performance minerals additives market to reach valuation of us$ 72.5 BN by 2031: TRANSPARENCY MARKET RESEARCH
Performance Minerals Additives Market: Introduction
Transparency Market Research delivers key insights on the global performance minerals additives market. In terms of revenue, the global performance minerals additives market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global performance minerals additives market.
Performance minerals additives are particles added to resin or binders (plastics, composites, concrete) that can improve specific properties, make the product cheaper, or a mixture of both. The global performance minerals additives market is broadly affected by several factors, including usage of performance minerals additives in various applications such as plastic, rubber, lubricants, and paints & coatings. The rise in the global demand for construction has led to a significant increase in the usage of performance minerals additives.
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Performance Minerals Additives: Market Dynamics
Bentonite, kaolin, feldspar, talc, calcium carbonate, perlite, etc., are used in cosmetics and personal care products such as face packs, scrubs, and soaps. Minerals in these products act as rheology modifiers, suspending agents, emulsion stabilizers, and absorbents. These minerals are usually employed as absorbent powders in cosmetics, owing to their ability to absorb moisture and sweat. Furthermore, they improve viscosity and largely utilized in cosmetic products such as masks, sunscreen lotions, foundations, bar soaps, and lotions.
The usage of minerals in the cosmetics & personal care industry has been rising. Consequently, the demand for additives required to enhance the performance of these minerals is also increasing. This is boosting the performance minerals additives market.
The global cosmetics & personal care products industry is expanding at a CAGR of ~5%, owing to changing lifestyle, increasing disposable income of consumers, and rising awareness about skin care products. Thus, the expansion of the cosmetics & personal care industry is anticipated to augment the performance minerals additives market during the forecast period.
The modern foundry technology is focused on the production of high-quality castings. High-quality molding sands can offer a requisite solution for mold stability and flexibility for the production of castings that comply with stringent government regulations. Additives are required to enhance the performance of this sand.
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Performance Minerals Additives Market: Prominent Regions
Asia Pacific dominates the global performance minerals additives market. The market in the region is anticipated to expand at a CAGR of more than 6.5% during the forecast period. The increase in the demand for plastics and rubber in the region is driving the performance minerals additives market in Asia Pacific. China is a key country of the performance minerals additives market in Asia Pacific. China held a major share of the performance minerals additives market in Asia Pacific in 2020. The country is estimated to maintain its dominant position during the forecast period.
Europe is also a key region of the global performance minerals additives market. The Rest of Europe led the performance minerals additives market in Europe in 2020, owing to an increase in the adoption of performance minerals additives products in automotive in Germany, Italy, and Russia & CIS.
Performance Minerals Additives Market: Key Players
The global performance minerals additives market was consolidated with the presence of key players. Prominent players operating in the global performance minerals additives market include Minerals Technologies Inc., LKAB Minerals, GLC Minerals, LLC, Dicalite Management Group, Inc., EP Minerals, Imerys, ORGANIC INDUSTRIES PVT LTD., Kutch Minerals, Bharat Mines and Minerals, and Upreti Talc Pvt. Ltd.
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Global Performance Minerals Additives Market: Segmentation
Performance Minerals Additives Market, by Type
Bentonite
Calcium Carbonate
Kaolin
Mica
Perlite
Quartz
Talc
Feldspar Mineral
Halloysite
Refined Clay
Others(including Limestone and Gypsum)
Performance Minerals Additives Market, by Application
Plastics
Rubber
Lubricants
Paints & Coatings
Adhesives
Glass
Ceramics
Others(including Dietary Supplement)
Performance Minerals Additives Market, by End-use Industry
Packaging
Building & Construction
Automotive
Pharmaceutical & Biotechnology
Agriculture
Food & Beverages
Home Care & Personal Care
Oil & Gas
Energy & Power
Others
Performance Minerals Additives Market, by Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
S.
Canada
Germany
France
K.
Norway
Russia & CIS
Rest of Europe
China
India
Oceania
ASEAN
Rest of Asia Pacific
Brazil
Mexico
Rest of Latin America
GCC Countries
North Africa
South Africa
Rest of Middle East & Africa
Companies in the Performance Minerals Additives market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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Specialty Polystyrene Resin Market Potential Growth, Share, Demand and Analysis of Key Players – Research Forecasts to 2026
This Specialty Polystyrene Resin Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Specialty Polystyrene Resin Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Chemical and Materials industry. This market report gives an edge to compete and to outdo the competition.
Global Specialty Polystyrene Resin Market is expected to rise from its initial estimated value of USD 115 million in 2018 growing with a CAGR of 2.25% in the forecast period of 2019-2026, resulting in a projected value of USD 137.40 million by 2026. This projected growth of the market value can be attributed to the environmental friendly and recyclable capabilities of the products.
Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-specialty-polystyrene-resin-market
Some of the leading key players profiled in this study:
Few of the major competitors currently working in the specialty polystyrene resin market are Total, Innova, RING Companies, Trinseo, Knauf Insulation, LG Chem, Polysource, Jackon GmbH, Eastman Chemical Company, Atlas Roofing Corporation, Pacur LLC, Taita Chemical Co. Ltd., Versalis, The EPS-Designer, Styropek, SEKISUI PLASTICS CO.LTD., BASF SE, Nova Chemicals Corporation, Synthos, StyroChem, SABIC and Styrolution.
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Key Developments in the Market:
·         In June 2018, BASFF SE announced the expansion of “Neopor”, their expandable polystyrene containing graphite. This expansion is a result of increased demand for the product from various regions of the world. The expansion is expected to increase by 40,000 metric tons annually at the two production sites in Ludwigshafen, Germany and Ulsan, Korea.
·         In September 2016, Synthos announced that they had completed the acquisition of INEOS Styrenics GmbH from INEOS Enterprises. This acquisition will help establish Synthos as a market leader for expandable polystyrene in the European region.
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Market Drivers:
·         Growth in the various end-user industries resulting in increased demand for the product due to its major applications
Market Restraints:
·         Vulnerable and fluctuation raw material prices affected along with the availability of effective substitutes is expected to restrain the market growth
Segmentation: Global Specialty Polystyrene Resin Market
Global Specialty Polystyrene Resin Market By Function (Insulation, Protection, Cushioning & Others)
Application (Healthcare, Building & Construction, Automotive & Transportation, Protective Packaging, Electrical & Electronics, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Reasons to Purchase this Report
•                    Current and future of Global Specialty Polystyrene Resin Market outlook in the developed and emerging markets
•                    The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•                    Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•                    The latest developments, market shares, and strategies that are employed by the major market players
Browse Full Report at https://www.databridgemarketresearch.com/reports/global-specialty-polystyrene-resin-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
 Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Related Report-
Global Sheet Molding Compound (SMC) Market
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johnwarner10 · 5 years
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Specialty Polystyrene Resin Market: Moving Towards Brighter Future| Total, Innova, RING Companies, Trinseo, Knauf Insulation
This Specialty Polystyrene Resin Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Specialty Polystyrene Resin Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Chemical and Materials industry. This market report gives an edge to compete and to outdo the competition.
Global Specialty Polystyrene Resin Market is expected to rise from its initial estimated value of USD 115 million in 2018 growing with a CAGR of 2.25% in the forecast period of 2019-2026, resulting in a projected value of USD 137.40 million by 2026. This projected growth of the market value can be attributed to the environmental friendly and recyclable capabilities of the products.
Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-specialty-polystyrene-resin-market
Some of the leading key players profiled in this study:
Few of the major competitors currently working in the specialty polystyrene resin market are Total, Innova, RING Companies, Trinseo, Knauf Insulation, LG Chem, Polysource, Jackon GmbH, Eastman Chemical Company, Atlas Roofing Corporation, Pacur LLC, Taita Chemical Co. Ltd., Versalis, The EPS-Designer, Styropek, SEKISUI PLASTICS CO.LTD., BASF SE, Nova Chemicals Corporation, Synthos, StyroChem, SABIC and Styrolution.
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Key Developments in the Market:
·         In June 2018, BASFF SE announced the expansion of “Neopor”, their expandable polystyrene containing graphite. This expansion is a result of increased demand for the product from various regions of the world. The expansion is expected to increase by 40,000 metric tons annually at the two production sites in Ludwigshafen, Germany and Ulsan, Korea.
·         In September 2016, Synthos announced that they had completed the acquisition of INEOS Styrenics GmbH from INEOS Enterprises. This acquisition will help establish Synthos as a market leader for expandable polystyrene in the European region.
Get 20% Discount On Report Offer Wailed Up to Limited Period @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-specialty-polystyrene-resin-market
Market Drivers:
·         Growth in the various end-user industries resulting in increased demand for the product due to its major applications
Market Restraints:
·         Vulnerable and fluctuation raw material prices affected along with the availability of effective substitutes is expected to restrain the market growth
Segmentation: Global Specialty Polystyrene Resin Market
Global Specialty Polystyrene Resin Market By Function (Insulation, Protection, Cushioning & Others)
Application (Healthcare, Building & Construction, Automotive & Transportation, Protective Packaging, Electrical & Electronics, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Reasons to Purchase this Report
•                    Current and future of Global Specialty Polystyrene Resin Market outlook in the developed and emerging markets
•                    The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•                    Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•                    The latest developments, market shares, and strategies that are employed by the major market players
Browse Full Report at https://www.databridgemarketresearch.com/reports/global-specialty-polystyrene-resin-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
 Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Related Report-
Global Sheet Molding Compound (SMC) Market
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sophiajhon-blog · 5 years
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Plastic Compounding Market Outlook and Growth Forecasted By 2026
A new market research report on the Global Plastic Compounding market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Plastic Compounding market. The Global Plastic Compounding analysis is broken down on different segmentation levels including Market By Polymer Type, By Application. The global plastic compounding market was valued at $ 565,416.7 million in 2018 and is projected to reach $ 932,330.5 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. Plastic compounding consists of a process in which plastic formulations is prepared by mixing and blending polymers and additives in a molten state. These blends are mostly copolymers such as acrylonitrile butadiene styrene, with additives that include antioxidants, UV-stabilizers and other value adding agents. Rapid industrialization as well as urbanization have increased the disposable income of individuals. The demand for automobiles is on the rise owing to growth in disposable income. Due to light weight property of plastic compounds, its usage in production of light weight vehicles is increasing. In order to increase the fuel efficiency and lower the carbon emission of the vehicle, plastic compounding is significantly applied in automobile application. Get Report Sample Copy @ https://www.kdmarketinsights.com/sample/5293 However, factors such as rise in pricing of plastic compounds due to fluctuating petrochemical and crude oil prices, are expected to hamper the growth of the global plastic compounding market. Nevertheless, ongoing development in catalyst technologies is projected to increase the performance, customization and yield of polyethylene resins, which is anticipated to offer lucrative growth opportunities to the plastic compounding market. The plastic compounding market is segmented based on polymer type, end use, and region. Depending on polymer type, the market is classified into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS) and expanded polystyrene (EPS), polyethylene terephthalate (PET), polyurethane (PU), acrylonitrile butadiene styrene (ABS), and other polymers. Based on end use, it is segregated into automotive, building & construction, medical, packaging, electrical & electronics, and others. Based on region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). The major players operating in the plastic compounding industry include Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, DowDuPont Inc., Kingfa Sci. and Tech. Co., Ltd., LyondellBasell Industries Holdings B.V., Polyone Corporation, SABIC and Solvay. Other players operating in this market include Mexichem Specialty Compounds Inc., Coperion GmbH, Adell Plastics, Inc, Sojitz Corporation, and Polyvisions Inc. These major players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market. KEY BENEFITS FOR STAKEHOLDERS - Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. - It outlines the current trends and future scenario of the market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. - Major countries in the region have been mapped according to their individual revenue contribution to the regional market. - The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study. - The profiles of key players along with their key strategic developments are enlisted in the report. KEY MARKET SEGMENTS By Polymer Type - Polypropylene (PP) - Polyethylene (PE) - Polyvinyl Chloride (PVC) - Polystyrene (PS) and Expanded Polystyrene (EPS) - Polyethylene Terephthalate (PET) - Polyurethane (PU) - Acrylonitrile Butadiene Styrene (ABS) - Others By Application - Automotive - Building and construction - Aerospace - Packaging - Electrical and electronics - Others By Region North America - U.S. - Canada - Mexico Europe - Germany - France - Italy - Spain - Rest of Europe Asia-Pacific - China - Japan - South Korea - India - Malaysia - Rest of Asia-Pacific LAMEA - Brazil - Saudi Arabia - South Africa - Rest of LAMEA Access Complete Research Report with TOC @ https://www.kdmarketinsights.com/product/plastic-compounding-market-amr Table of Content CHAPTER 1: INTRODUCTION 1.1. Report description 1.2. Key benefits for stakeholders 1.3. Key market segments 1.4. Research methodology 1.4.1. Primary research 1.4.2. Secondary research 1.4.3. Analyst tools and models CHAPTER 2: EXECUTIVE SUMMARY 2.1. Key findings 2.1.1. Top investment pockets 2.2. CXO perspective CHAPTER 3: MARKET OVERVIEW 3.1. Market definition and scope 3.1.1. Parent Market Overview 3.2. Key Forces Shaping PLASTIC COMPOUNDING Market 3.2.1. Moderate bargaining power of suppliers 3.2.2. Moderate threat of new entrants 3.2.3. Moderate threat of substitutes 3.2.4. Moderate intensity of rivalry 3.2.5. Low bargaining power of buyers 3.3. Pricing Analysis 3.3.1. Pricing Analysis By Region, 2018 & 2026 3.4. Value Chain Analysis 3.5. Impact of government regulations on global plastic compounding market 3.6. Patent Analysis 3.6.1. By Region (2012-2018) 3.7. Case Studies 3.7.1. Case Study 01 3.7.2. Case Study 02 3.8. Market dynamics 3.8.1. Drivers 3.8.1.1. Surge in production of light weight automobiles 3.8.1.2. Surge in infrastructure development 3.8.2. Restraints 3.8.2.1. Increase in prices of plastic compounds 3.8.2.2. Harmful impact of VOCs present in the coating 3.8.3. Opportunities 3.8.3.1. Advancement in filler material technology CHAPTER 4: PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE 4.1. Overview 4.1.1. Market size and forecast 4.2. Polypropylene 4.2.1. Key market trends, growth factors and opportunities 4.2.2. Market size and forecast, by region 4.2.3. Market analysis by country 4.3. Polyethylene 4.3.1. Key market trends, growth factors and opportunities 4.3.2. Market size and forecast, by region 4.3.3. Market analysis by country 4.4. Polyvinyl Chloride 4.4.1. Key market trends, growth factors and opportunities 4.4.2. Market size and forecast, by region 4.4.3. Market analysis by country 4.5. Polystyrene & Expanded Polystyrene 4.5.1. Key market trends, growth factors and opportunities 4.5.2. Market size and forecast, by region 4.5.3. Market analysis by country 4.6. Polyethylene Terephthalate 4.6.1. Key market trends, growth factors and opportunities 4.6.2. Market size and forecast, by region 4.6.3. Market analysis by country 4.7. Polyurethane 4.7.1. Key market trends, growth factors and opportunities 4.7.2. Market size and forecast, by region 4.7.3. Market analysis by country 4.8. Acrylonitrile Butadiene Styrene 4.8.1. Key market trends, growth factors and opportunities 4.8.2. Market size and forecast, by region 4.8.3. Market analysis by country 4.9. Other Polymers 4.9.1. Key market trends, growth factors and opportunities 4.9.2. Market size and forecast, by region 4.9.3. Market analysis by country CHAPTER 5: PLASTIC COMPOUNDING MARKET, BY END USE 5.1. Overview 5.1.1. Market size and forecast 5.2. Packaging 5.2.1. Key market trends, growth factors and opportunities 5.2.2. Market size and forecast, by region 5.2.3. Market analysis by country 5.3. Building & Construction 5.3.1. Key market trends, growth factors and opportunities 5.3.2. Market size and forecast, by region 5.3.3. Market analysis by country 5.5. Automotive 5.5.1. Key market trends, growth factors and opportunities 5.5.2. Market size and forecast, by region 5.5.3. Market analysis by country 5.6. Electrical & Electronics 5.6.1. Key market trends, growth factors and opportunities 5.6.2. Market size and forecast, by region 5.6.3. Market analysis by country 5.7. Medical 5.7.1. Key market trends, growth factors and opportunities 5.7.2. Market size and forecast, by region 5.7.3. Market analysis by country 5.8. Others 5.8.1. Key market trends, growth factors and opportunities 5.8.2. Market size and forecast, by region 5.8.3. Market analysis by country Continue @... Check for Discount @ https://www.kdmarketinsights.com/discount/5293 About Us: KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. 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Cellular Plastic Sheet, Plate and Film Market: Trends, Business Strategies and Opportunities with Key Players Analysis
Cellular Plastic is the specialty type of plastic containing several cells disposed uniformly throughout its mass. Practically in any polymer, thermoplastic or thermoset can be made into cellular plastic. Technically cellular plastic can have two structural configuration namely closed cell type and open cell type. Depending upon closed cell type or open cell type there is a variation in physical and chemical properties of cellular plastic. Cellular plastics can be formed into sheet, plate, film, slabs or blocks, boards depending upon end use requirement. The properties such as high strength to weight ratio, sound absorption, shock absorption, resistance against heat and cold, flotation make cellular plastic an attractive commodity. Hence, widespread physical and chemical properties of cellular plastic sheet, plate and film can be used in diverse application sectors for multiple usage.
Global cellular plastic sheet, plate and film market is primarily driven by strong demand from various application sectors. The widespread use of cellular plastic sheet, plate and film in automotive sector is a major driving factor. The rapidly increasing use cellular plastic sheet, plate and film in construction especially in developing economies is a major driving factor for the cellular plastic sheet, plate and film market. The growing expenditure on furniture and decorative articles is also a promising factor for the growth of cellular plastic sheet, plate and film market. The use cellular plastic sheet, plate and film in defense is also forecasted to drive the cellular plastic sheet, plate and film market.
On the other hand growing concerns towards plastic waste and problems associated with its decay is assumed to be the major restraining factor in the growth of cellular plastic sheet, plate and film market. The stringent government laws and standards is also expected to restrain the growth of the cellular plastic sheet, plate and film market.
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The opportunity for cellular plastic sheet, plate and film market lies in development of eco-friendly and easily degradable products. The companies have huge opportunity in developing advance cellular plastic sheet, plate and film products which can be easily processed as well as reused. Finding new application sectors especially in automotive, construction and domestic application sectors is estimated to be the major opportunity for cellular plastic sheet, plate and film market.
The global cellular plastic sheet, plate and film market is segmented based on type, material type, application and geography. On the basis of type global cellular plastic sheet, plate and film market can be segmented into sheet, plate, film, slabs or blocks, boards and others. On the basis of material type the global cellular plastic sheet, plate and film market is segmented into polyurethane, polyethylene, polypropylene, polystyrene (XPS, EPS), PVC, melamine resin and others. On the basis of application the cellular plastic sheet, plate and film market is segmented into Transportation, Construction, Defense, Aerospace manufacturing sector and others.
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On the basis of region global cellular plastic sheet, plate and film market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America. The Asia pacific is forecasted to be dominant market for global cellular plastic sheet, plate and film market because of robust growth in manufacturing and construction sector. Europe and North America is also expected to be the major markets for global cellular plastic sheet, plate and film market followed by Asia Pacific region. The developing Middle East and Africa (MEA) countries is also forecasted to grow with rapidly growing economies.
Some of the key players in the global cellular plastic sheet, plate and film market are Amcor Limited, Mulford Plastic, Bemis Company, Inc., Inteplast Group, Sigma Stretch Film and others.
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marketfuturereports · 6 years
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Polystyrene Film Market Share, Sourcing Strategy and Downstream Buyers 2018-2025
28th November 2018 - Global Polystyrene Film Market is expected to rise at a significant CAGR in the estimated period. Polystyrene resins come across many uses which are packaging, electronics, toys, house wares and disposables. Basically, polystyrene is a thermoplastic resin. Three prime categories exist. They include general purpose resins, high-impact polystyrene resins and expandable polystyrene beads.
The resins are used for various functions after undergoing treatments such as thermoforming, injection molding and extrusion. Polystyrene is a resin that possesses number of properties such as light-weight and rigidity. EPS also has low thermal conductivity. Being acoustically insulated, EPS has incredibly low sound-absorbing characteristics. Polystyrene has a number of applications such as packaging, electronics and housewares, toys and disposables. The polystyrene is particularly useful especially in ingenuous clamshell packaging as a protective packaging component.
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A ban on polystyrene in North America and Europe and usage of high-performance substitute may hamper growth of polystyrene market. Restraints to the market are the flammability of PS that might hinder the market. Health concerns could also act against growth of EPS market. The drivers to growth of polystyrene include growth of consumer electronics industries and ongoing recycling activities in polystyrene industry.
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Segmentation of polystyrene market by type includes General purpose polystyrene (GPPS), High-Impact Polystyrene (HIPS). By form type, segmentation includes foams, films and sheets, injection molded and others. By end-user industry, market segmentation includes packaging, building and construction, electrical and electronics and consumer goods.
The major manufacturers covered in this report
• Tekra
• Transcendia
• Ohishi Sangyo
• Multi-Pastics
• Plastic Suppliers
• Sigma-Aldrich
• Cheever Specialty
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Thickness<50 m
• Thickness 50-100 m
• Thickness>100 m
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Electronics
• Manufacturing
• Food and Beverage
• Other
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The key points of this report are:
• To analyze and study the global Polystyrene Film capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Polystyrene Film manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.
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latestanalysis · 3 years
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Global Specialty EPS Resin Market Share, Outlook Analysis by Top Leading Key Player, Industry Share, Growth , Trends, Forecast till 2027
Specialty EPS Resin Market
Global Specialty EPS Resins market was valued at US$ 6,008.7 Mn in 2017 and it is expected to reach at US$ 15,146.0 Mn by 2027, growing at CAGR 10.7% during the period, 2016-2027.
The increase in demand for sustainable & lightweight solutions which provide extreme durability, along with improved thermal insulation, is expected to boost the growth of the global specialty EPS resin market over the forecast period. The rise in demand for acoustic & thermal insulation in the building & construction industry in developing nations such as China and India is expected to enhance the demand for high-quality polymers. Also, the rise in demand among consumers for durable commercial & residential buildings, which can easily withstand extreme changes in the external environment, is expected to drive the market growth.
Expanded Polystyrene (EPS) is used in the construction sector due to its closed-air low-thermal conductivity, mechanical resistance, lightweight, low water absorption, and sound resistance (in office & rooms). They provide tangible environmental advantages which maximize energy efficiency, improve indoor environmental quality, & enhance the durability of the buildings & packaged products.
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The demand for specialty EPS in packaging application segment is expected to generate significant revenue. It is attributed to the excellent shock-absorbing properties of EPS, thus making it ideal for the storage and transportation of products, including healthcare, & chemical products, electronics equipment, consumer goods. Excellent moisture resistance & thermal insulation provided by EPS help retain the freshness of perishable products, like seafood & fruits and vegetables. Also, compression resistance provided by expanded polystyrene makes it ideal for stackable packaging goods. Thus, excellent properties offered by Expanded Polystyrenes are significantly improving its demand for packaging applications. This leads to increase the demand for specialty EPS over the forecast period. The impact of this driver is very high
In a few major economies, the EPS items have been banned. Styrofoam cups cannot be recycled as they are already expanded and to produce these cups, it needs virgin polystyrene beads. As EPS materials are not biodegradable, some consumers do not prefer use and throw Expanded Polystyrene coffee cups.
The banned products contain polystyrene foam single-service items, such as bowls, cups, plates, take-out containers, trays, polystyrene loose fill packaging, commonly called as packing peanuts. However, there are some exceptions such as EPS containers used for prepackaged food which are filled & sealed prior to receipt by the food service establishment; mobile food store; & containers used to store raw meat, fish, pork, seafood, or poultry sold from a butcher case or similar retail appliance are still in use.
Expanded Polystyrene (EPS) is banned in several countries including New York, DC, Washington, Minneapolis, San Francisco, Oakland, Portland, Albany & Seattle.
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The companies operating in the market are investing large amount in research and development to launch new products. This can create new opportunities in the market
For instance, in 2019, BASF SE had raised its global production capacity of graphite polystyrene rigid foam and a type of EPS by 40,000 metric tons per year. The capacity addition was done at 2 production sites, namely Ulsan (Korea) & Ludwigshafen (Germany). At the Ulsan production facility, the organization switched the entire 85,000 metric tons capacity from classic white EPS to grey EPS to enhance the insulation property of the raw material. This move allowed BASF SE to cater to the surging demand for grey material in the APAC market.
Regional Analysis
North America is accounted for the highest market share in 2016. However, Asia pacific region is expected to grow at a healthy rate over the forecast period.
Asia Pacific led the market and accounted for more than 40.0% share of the global revenue in 2019. It is attributed to ascending demand for the product from applications, such as automotive, packaging, and construction, in emerging economies such as China & India. The construction industry in APAC is the fastest-growing market across all regions. The rise in urbanization, the increase in disposable income, and government initiatives including the “housing for all” project in India, are propelling the growth of the construction industry in this region.
Europe is the prominent consumer of expanded polystyrene owing to high demand from the automotive, packaging, and construction sectors. Expanded Polystyrene (EPS) finds application in various industries due to its versatile benefits, lightweight, easy molding, & desired shape formation. In recent years, the demand for expanded polystyrene from green building design applications in the European market has witnessed a significant increase owing to its excellent environmental advantages that can offer improved indoor environmental quality, energy efficiency, & enhanced durability.
Recent Developments
In January 2020, Eni & Pertamina sign MOU to cooperate in the areas of circular economy, low carbon products & renewable energies.
In June 2020, BEWiSynbra Group, a producer of EPS in Europe had announced that the company has signed an agreement to acquire a minority stake in a United Kingdom based newly formed EPS insulation & packaging company. The new comapny derives from manufacturer & supplier of EPS products for insulation & civil engineering applications, & sister company Styropack, who is producer of EPS packaging. The new company will be jointly owned by parts of the current management and by BEWiSynbra Group. The name of the comapny will be Jablite Group and which operate as a stand-alone company, in collaboration with BEWiSynbra Group.
In February 2020, Sekisui Chemical & Sumitomo Chemical had announced to cooperate on Circular Economy Initiative Manufacturing Polyolefin using Waste as Raw Material. Two organizations have agreed to form a strategic alliance to provide benefit to society by deploying technology for manufacturing polyolefin by using waste as a raw material. This alliance combines SEKISUI CHEMICAL’s production technology for transforming waste into ethanol with Sumitomo Chemical’s technological know-how in manufacturing polyolefin, thereby promoting circular economy initiatives to chemically recycle waste into polyolefin. Pilot production will begin in fiscal 2022, with SEKISUI CHEMICAL turning waste into ethanol, and Sumitomo Chemical using this ethanol as raw material for polyolefin. A full-scale market launch of this production method is expected in fiscal 2025.
Market Segmentation
The market is segmented into type such as Colored (Grey, White, Black), and Graphite, by function such as Protection, Insulation, Cushioning, and others. Further, market is segmented into application such as Protective Packaging, Building & Construction, Automotive & Transportation, Electronic, and Healthcare.
Also, Global Specialty EPS Resin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Top Market Key Players Analysis
Some key players are listed in this report such as BASF SE, Sekisui Plastics Co., Ltd, SUNPOR KUNSTSTOFF Gmbh, Atlas EPS, VERSALIS, SABIC, LG Chem., Ltd., BEWiSynbra Group AB, Total S.A., etc.
Market Taxonomy
By Type
· Colored (Grey, White, Black)
· Graphite
· By Function
· Protection
· Insulation
· Cushioning
· Others
By Application
· Protective Packaging
· Building & Construction
· Automotive & Transportation
· Electronic
· Healthcare
By Region
· North America
· Latin America
· Europe
· Asia Pacific
· Middle East & Africa
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