#Thermoplastic Polyolefins Market Share
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Textile Coatings Market market Size & Share Analysis - Growth Trends By Forecast Period 2024-2032
The global textile coatings market size was valued at USD 6.86 billion in 2022. It is projected to reach USD 9.59 billion by 2031, growing at a CAGR of 3.8% during the forecast period (2023-2031).
The latest Global Textile Coatings Market by straits research provides an in-depth analysis of the Textile Coatings Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Textile Coatings Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.
Competitive Landscape
Some of the prominent key players operating in the Textile Coatings Market are
Covestro AG (Germany)
Huntsman International LLC (U.S.)
Solvay S.A. (Belgium)
BASF SE (Germany)
Omnova Solutions Inc. (U.S.)
The Lubrizol Corporation (U.S.)
DSM (Netherlands)
Tanatex Chemicals ( India)
National Coating Corporation (U.S.)
Textiles Coated International (Australia)
The Dow Chemical Company (U.S.)
Sumitomo Chemical Company (Japan)
Clariant AG (Switzerland)
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The Textile Coatings Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Textile Coatings Market: Segmentation
The Textile Coatings Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.
By Type
Thermosets Cellulosic
Natural Rubber
Polyvinyl Chloride
Thermoplastics
Acrylics
Polyurethane
By Technology
Traditional
Advanced
Magnetron Sputtering
Plasma Coating
Dot Textile Coating Technology
Full Surface Textile Coating Technology
By Raw Material
Thermoplastic Textile Coatings
Polyvinyl Chloride (PVC) Textile Coatings
Polyurethane (PU) Textile Coatings
Acrylic Textile Coatings
Other Thermoplastic Textile Coatings
Polyolefins
Nylon
Thermoset Textile Coatings
Styrene Butadiene Rubber (SBR) Textile Coatings
Natural Rubber Textile Coatings
Other Thermoset Textile Coatings
Nitrile Rubber
Butyl Rubber
Other Textile Coatings
Silicone
Fluoropolymers
By End-User
Building & Construction Industry
Transportation
Agriculture
Automotive
Industrial
Fabric Filters
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Market Highlights:
A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.
Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)
Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.
Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.
Goals of the Study
What is the overall size and scope of the Textile Coatings Market market?
What are the key trends currently influencing the market landscape?
Who are the primary competitors operating within the Textile Coatings Market market?
What are the potential growth opportunities for companies in this market?
What are the major challenges or obstacles the market is currently facing?
What demographic segments are primarily targeted in the Textile Coatings Market market?
What are the prevailing consumer preferences and behaviors within this market?
What are the key market segments, and how do they contribute to the overall market share?
What are the future growth projections for the Textile Coatings Market market over the next several years?
How do regulatory and legal frameworks influence the market?
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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#Textile Coatings Market Market#Textile Coatings Market Market Share#Textile Coatings Market Market Size#Textile Coatings Market Market Research#Textile Coatings Market Industry#What is Textile Coatings Market?
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Thermoplastic Polyolefin Market: Current Analysis and Forecast (2022-2028)
According to a new report published by UnivDatos Markets Insights, the Thermoplastic Polyolefin Market was valued at more than USD 4.5 billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Type (In-Situ TPO, Compounded TPO, Others); Application (Automotive, Building & Construction, Medical, Industrial, Footwear, Home Appliances); Region/Country.
The thermoplastic polyolefin market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the thermoplastic polyolefin market. The thermoplastic polyolefin market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the thermoplastic polyolefin market at the global and regional levels.
Market Overview
Thermoplastic Polyolefin (TPO) is defined as a polymer/filler blend that usually consists of some fraction of a thermoplastic, an elastomer, or rubber, and usually a filler. Also, TPO compounds are resin blends of polypropylene (PP) and uncrosslinked EPDM rubber and polyethylene. They are characterized by high impact resistance, low density, and good chemical resistance. Furthermore, TPOs are used for exterior body parts such as bumpers, rocker panels, body seals, automotive gaskets, doors & windows, and other parts. Moreover, many companies are expanding their product portfolio by focusing on launching new products in the market which in turn is also contributing to the growth of the market. For instance, in Dec 2020, SABIC launched a new polyolefin plastomer-based solution for liquid containers with superior leakage resistance.
Some of the major players operating in the market include The Dow Chemical Company, Lyondellbasell Industries Holdings B.V., ExxonMobil Corporation, Mitsui Chemicals, Borealis AG, Mitsubishi Chemical Holdings Corporation, Chevron Phillips Chemical Company LLC, Avient Corporation, A.Schulman, and INEOS Capital Limited.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted many industries and has transformed the way industries work is delivered. The thermoplastic polyolefin market has been significantly affected during these times owing to the delay in construction, manufacturing of vehicles, and others during the pandemic.
The global thermoplastic polyolefin market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on type, the market is segmented into in-situ TPO, compounded TPO, and others. The compound TPO category is to witness a higher CAGR during the forecast period. This is mainly because these are high-performance elastomers designed to improve performance in a wide range of end products and applications. Additionally, properties such as weather resistance and non-degradable to sunlight exposure are also some of the factors due to which they are widely used in the production of roofing and other exterior materials
On the basis of application, the market is categorized into automotive, building & construction, medical, industrial, footwear, and home appliances. Among these, the automotive to hold a significant share of the market in 2020. The growth of this segment can be attributed to the growing usage of TPO in automobiles mainly because it provides lightweight and highly durable auto parts. In addition, rapid economic growth in various countries leading to improvements in the transportation infrastructure and construction of vehicle production plants are also expected to positively influence the market of this segment in the upcoming years
Thermoplastic Polyolefin Market Geographical Segmentation Includes:
North America (U.S., Canada, and Rest of North America)
Europe (Germany, UK, Spain, Italy, France, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
Rest of the World
Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing construction and automotive industries. In addition, the growth of the healthcare sector and the development of the renewable energy industry is also driving the growth of the market. Furthermore, increased construction production is contributing to the demand for the thermoplastic polyolefin industry in the Asia-Pacific region as it finds applications in commercial and residential roofing owing to its properties such as weather resistance and cold resistance. Further, the TPO roofing systems offer significant reflectivity and energy efficiency, as well as strong UV resistance. Therefore, the use of the TPO in the roof system reduces the heat gain of the building
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The major players targeting the market include
The Dow Chemical Company
Lyondellbasell Industries Holdings B.V.
ExxonMobil Corporation
Mitsui Chemicals
Borealis AG
Mitsubishi Chemical Holdings Corporation
Chevron Phillips Chemical Company LLC
Avient Corporation
A.Schulman
INEOS Capital Limited
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Thermoplastic Polyolefin market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the thermoplastic polyolefin market?
• Which factors are influencing the thermoplastic polyolefin market over the forecast period?
• What are the global challenges, threats, and risks in the thermoplastic polyolefin market?
• Which factors are propelling and restraining the thermoplastic polyolefin market?
• What are the demanding global regions of the thermoplastic polyolefin market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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The north america thermoplastic polyolefin market is projected to reach USD 704.24 million in 2023, registering at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period 2024-2030. The growth of the market is majorly driven by growing awareness of sustainable materials and advancements in processing technologies.
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Polyolefins Market Trends, Revenue, Size-Share, Growth Drivers, Challenges, Demand, Business Opportunities, Challenges and Competitive Analysis 2032: SPER Market Research
Polyolefin belongs to the thermoplastic family. It is mainly made from natural gas and oil through the polymerization of ethylene and propylene, respectively. It is made from olefins, hydrocarbons, and monomers and has excellent processability, chemical stability, and long-term durability. It is the most frequently used thermoplastic polymer, utilized in a variety of industries including packaging, consumer goods, and fiber and textiles. Polyolefin is a polymer formed by the polymerization of monomer olefin in the presence of a suitable catalyst. Common polyolefins include polyethylene and polypropylene. These chemicals are widely employed in a variety of applications across sectors. Some of the most significant polyolefin-consuming industries include automotive, construction, electrical and electronics, and packaging.
According to SPER Market Research, ‘Polyolefins Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032’ states that the Global Polyolefins Market is estimated to reach USD 487.46 billion by 2032 with a CAGR of 5.23%.
Numerous factors contribute to the growth of the global polyolefins market, including the development of the solar power industry and an increase in demand from the packaging industry in industrialized nations. On the contrary, the growth of the packaging industry in developing nations such as India and China is likely to provide profitable prospects for market participants over the projection period. Polyolefin is easily transformed into fibrous structures such as nonwovens, knitted textiles, and yarns. Thus, it is widely employed in the textile sector. The rise of the global textile sector is driving up demand for polyolefin. Furthermore, increasing research and development activities by market participants may result in the possible application of polyolefin with nanotechnologies that can be applied across a variety of sectors. Advancements and advancements in polyolefin fibers are projected to expand their medicinal applications. Furthermore, the increasing demand for sheets and films from the construction and buildings is expected to drive the market expansion.
The high cost of polyolefin, rising environmental concerns, and challenges with plastic disposal may limit industry growth. Furthermore, shifting crude oil prices will put the market's growth pace at risk. However, variable raw material prices impede market expansion. Volatility in the cost of primary substances is a barrier to polyolefin production because as the price of raw materials rises, so do the costs of polyolefins. The government's efforts to limit the use of plastic pose a significant hurdle. The need for sustainable solutions has reached high. Consumers' increased use of non-plastic materials may hinder market growth in the future.
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The COVID-19 epidemic has resulted in the partial or entire suspension of non-essential industrial facilities in major countries such as the United States, China, Japan, India, and Germany. It has suspended the production activity in the majority of industrial units around the world. The COVID-19 outbreak has impacted both demand and production of polyolefins. The proliferation of COVID-19 in many countries throughout the world interrupted manufacturing activity in industries including automotive and construction, resulting in a fall in demand for polyolefins. The worldwide health crisis has a significant influence on raw materials in the chemical industry supply chain.
Asia-Pacific dominates this market. Some of the key players are Exxon Mobil Corp Braskem, Chevron Corp., Borealis AG, Dow, Exxon Mobil Corp.
Our in-depth analysis of the Polyolefins Market includes the following segments:
By Type:
Ethylene-Vinyl Acetate
Polyethylene
Polypropylene
Polystyrene
By Application:
Blow Molding
Film & Sheet
Injection Molding
Profile Extrusion
By Region:
Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
For More Information, refer to below link:-
Polyolefins Market Outlook
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Asia-Pacific Wood Charcoal Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
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#Polyolefins Market#Polyolefins Market Analysis#Polyolefins Market Challenges#Polyolefins Market Competition#Polyolefins Market Demand#Polyolefins Market Forecast#Polyolefins Market Future outlook#Polyolefins Market Growth#Polyolefins Market Opportunity#Polyolefins Market Overview#Polyolefins Market Research Report#Polyolefins Market Revenue#Polyolefins Market segmentation#Polyolefins Market Share#Polyolefins Market Size#Polyolefins Market Top Industry Players#Polyolefins Market Trends#USA Polyolefins Market#Canada Polyolefins Market#Europe Polyolefins Market#Global Polyolefins Market
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Polyvinyl Chloride (PVC) Market Resilience: Adapting to Changing Economic and Regulatory Landscape
Polyvinyl chloride, commonly abbreviated as PVC, is a thermoplastic polymer derived from petrochemicals. It has a variety of applications due to its high strength, durability, versatility and ease of installation. PVC is used to make plumbing pipes and fittings, flooring, roofing, surface coatings, window frames, siding, wire & cable insulation, and medical devices among others. It is highly corrosion-resistant, cost-effective and requires low maintenance. PVC pipes do not rust, rot or corrode which make them preferable over metal pipes in many applications. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:
Wide Range of Applications The wide range of applications of PVC due to its versatility has led to increasing demand over the years. It is used in construction, wire & cable insulation, medical devices, automotive and other sectors. PVC pipes are commonly used for sewage, drainage and water supply systems due to their high strength, durability and corrosion resistance. The growth of the construction industry especially in emerging economies has augmented the demand for PVC pipes, fittings, flooring, window frames and sidings which has created lucrative opportunities for players in the PVC market. Porter's Analysis Threat of new entrants: Low as PVC requires high capital investments in manufacturing facilities and supply chain. Bargaining power of buyers: Moderate as PVC has many substitute products. Bargaining power of suppliers: Moderate as raw materials for PVC like chlorine gas and ethylene have many global suppliers. Threat of new substitutes: Moderate as alternate materials like Polyolefins poses threat. Competitive rivalry: High as industry has many global players competing on price and quality. SWOT Analysis Strengths: Wide applications, low cost, durability. Weaknesses: Environmental concerns during production and disposal. Opportunities: Growth in construction and automotive industries. Threats: Stringent regulations, substitute products. Key Takeaways The global PVC market is expected to witness high growth during the forecast period of 2023-2030. The Asia Pacific region dominated the global market in 2023 with a share of over 50% attributed to high demand from construction and automotive industries in China, India. Key regional markets include China, India, United States, Germany and Japan. Key players operating in the PVC market are ChemChina, Formosa Plastics Corporation, Ineos, Inner Mongolia Junzheng Energy & Chemical Group, Kem One, LG Chem, Occidental Petroleum Corporation, Orbia, SABIC, Shaanxi Coal and Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Co. Ltd, Xinjiang Tianye (Group) Co. Ltd, Westlake Chemical Corporation, and Xinjiang Zhongtai Chemicals. The industry is dominated by few global players focusing on expanding production capacities, backward integration and new product development.
#Polyvinyl Chloride (PVC) Market Share#Polyvinyl Chloride (PVC) Market Growth#Polyvinyl Chloride (PVC) Market Demand#Polyvinyl Chloride (PVC) Market Trend#Polyvinyl Chloride (PVC) Market Analysis
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Thermoplastic Elastomer Market Size, Share and Future Demand
The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515
How is This Report Developed?
We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.
Drivers & Restraints-
Increasing Need to Manufacture Automotive Gaskets to Aid Growth
People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future.
Segment-
Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles
Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.
Regional Insights-
Surging Demand for Luxury Vehicles to Accelerate Growth in Europe
In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.
In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.
Competitive Landscape-
Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19
The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments:
August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers.
May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.
A list of all the renowned thermoplastic elastomers producers operating in the market:
Arkema SA (Colombes, France)
Covestro AG (Leverkusen, Germany)
Evonik Industries AG (Essen, Germany)
Teknor APEX Company (Rhode Island, U.S.)
BASF SE (Ludwigshafen, Germany)
Huntsman Corporation (Texas, U.S.)
Sinopec Group (Beijing, China)
Lubrizol Corporation (Ohio, U.S.)
Kraton Corporation (Texas, U.S.)
Tosoh Corporation (Tokyo, Japan)
Other Key Players
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Non-Liquid Coating Market to Witness Significant Growth by Forecast
Non-Liquid Coating Market Information:
New York, United States: Non-Liquid Coating market report is an expert's study that focuses mostly on businesses, categories, applications, regions, and other subcategories. In addition to this, the reports include an analysis of sales and revenue, as well as trade, competition, investment, and projections. According to straits research the Non-Liquid Coating Market will grow at a CAGR of % during the forecast period. Non-Liquid Coating Market Research studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.
Competitive Players
Some of the key players operating in the Non-Liquid Coating market are PPG Industries Inc., Jotun Powder Coating, Asian Paints Limited, Axalta coating systems LLC, AkzoNobel NV, The Sherwin -Williams Company, Kansai Paints Company Ltd., Evonik Industries, and RPM International, Inc
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The Non-Liquid Coating market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most recent market developments are covered. You may keep a close check on key rivals and their company growth tactics by reading the Non-Liquid Coating market research. It also does an in-depth research for the years 2022-2030 in order to provide company owners with new business options.
This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.
Global Non-Liquid Coating Market: Segmentation
By Resin Type:
Thermoset
Polyester
Epoxy polyester hybrid
Epoxy
Acrylic
Polyurethane
Fluoropolymer
Thermoplastic
Nylon
Polyolefin
Polyvinyl chloride (PVC)
Polyvinyl fluoride (PVF)
By Coating Method
Electrostatic Spray
Fluidized Bed
By Substrate:
Metallic
Non-metallic
By End-Use Industry:
Appliances
Automotive
General Industrial
Architectural
Furniture
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Key Highlights
In order to explain Non-Liquid Coating the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of Non-Liquid Coating, including profile, primary business, and news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Non-Liquid Coating percent
In order to illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To conduct an investigation into the production costs, essential raw materials, and production method, etc.
Principal Motives Behind the Purchase:
To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.
Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.
The goal of this study is to get an understanding of the most influential driving and restraining factors in the Non-Liquid Coating industry as well as the influence that this market has on the worldwide market.
Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.
In order to have an understanding of the market's future and potential.
Trending Report:
About Straits Research
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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Plastic Compounding Market Size To Reach USD 163.9 Billion By 2032
The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022. The global plastic compounding market is set to witness an impressive growth rate of 7.4% from 2022 to 2032.
The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth.
Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the usage of purging compounds for injection moulding in the building industry is due to their application in flooring, insulation, storage tanks, performance safety windows, doors, pipelines, and cables.
The current trend of creating PVC from bio-based materials has been a very successful endeavour by plastic compounding market players. For instance, the newly unveiled Equilibrium plasticizer by Dow Chemical Company is expected to have a favourable impact on the growth of plastic compounding market opportunities throughout the projection period.
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The Asia Pacific plastic compounding market is anticipated to experience increased demand as a result of the expanding manufacturing sector. It is the leading manufacturer and user of consumer goods, autos, and packaging materials, which have cleared the path for the rapid adoption of the plastic compounding process.
Key Takeaways from Market Study
By maintaining the typical CAGR of 7.4%, it is predicted that the entire growth of the worldwide market for plastic compounding would be over US$ 99 Billion within the next 10 years.
Based on various product forms, polypropylene compound is the highest-grossing sector of the target market, with an estimated total share of 25% in 2022.
The most common application of plastic components is used to make automotive components, which is figured out to have a market share of 20% in 2022.
The plastic compounding market analysis report in 2022 indicated that Asia Pacific is the dominant region with a market share of more than 40%.
Competitive Landscape
Some of the well-known plastic compounding market players are BASF SE, LyondellBasell Industries Holdings B.V., Dow, Inc., DuPont, SABIC, RTP Company, S&E Specialty Polymers, LLC (Aurora Plastics), Asahi Kasei Corporation, Covestro AG, Washington Penn, Eurostar Engineering Plastics (EEP), KURARAY CO., LTD., TEIJIN LIMITED, Evonik Industries AG, Dyneon GmbH & Co KG among others.
With the rise of independent fully functional plastic compounding market key players, the sector has seen major capacity growth in last few years. Original Equipment Manufacturers or OEMs, which often enter into strategic relationships with plastic compounding market major players, have emerged to be the major market drivers.
Recent Developments in the Global Plastic Compounding Market:
Dow, Inc. Company revealed about its investment projects to enhance circular plastics in October 2021 and start supplying it by 2022. These developments will contribute to the reduction of GHG emissions, the prevention of plastic waste, and the availability of recycled polymers with comparable qualities to fresh plastics.
Plastic Compounding Market by Segmentation
By Product Outlook:
Polyethylene (PE)
Polypropylene (PP)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyolefins (TPO)
Poly Vinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide
Polycarbonate
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application Outlook:
Automotive
Building & Construction
Electrical & Electronics
Packaging
Consumer Goods
Industrial Machinery
Medical Devices
Optical Media
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Read Full Report @ https://www.futuremarketinsights.com/reports/plastic-compounding-market
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Thermoplastic Polyolefins Market Size To Hit USD 3.43 Billion By 2020: Grand View Research Inc.
Thermoplastic Polyolefins Market Size To Hit USD 3.43 Billion By 2020: Grand View Research Inc.
San Francisco, 5 May 2020: The Report Thermoplastic Polyolefins (TPO) Market Analysis And Segment Forecasts
The global thermoplastic polyolefins (TPO) market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing application scope in automotive and construction sectors of the emerging markets in Asia, especially China and India is expected…
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#Thermoplastic Polyolefins Industry#Thermoplastic Polyolefins Market#Thermoplastic Polyolefins Market 2020#Thermoplastic Polyolefins Market Revenue#Thermoplastic Polyolefins Market Share#Thermoplastic Polyolefins Market Size
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The global solar encapsulation market is projected to reach USD 7.2 billion by 2028 from an estimated USD 4.9 billion in 2023, at a CAGR of 8.0% during the forecast period.
The growing use of electronic devices in emergency, off-grid, and automotive applications will benefit the solar encapsulation generator business. This report segments the solar encapsulation market based on materials into Ethylene-vinyl Acetate (EVA), Polyvinyl Butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer, Polyolefin, Thermoplastic Polyurethane (TPU). EVA is an incredibly inexpensive material compared to alternative encapsulants, making it readily accessible and a clear choice for solar cell manufacturers aiming for widespread adoption. EVA forms strong bonds with both the glass cover and the back sheet of the solar module, creating a secure and stable environment for the delicate solar cells inside. Though the recycling of solar panels is still in its early stages, EVA possesses properties that make it potentially recyclable at the end of the module’s life, contributing to a more sustainable solar industry.
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Thermoplastic Polyolefin Market Growth, Overview with Detailed Analysis 2022-2028
Thermoplastic Polyolefin Market Growth, Overview with Detailed Analysis 2022-2028
The Thermoplastic Polyolefin Market research report 2022-2030 provides an in-depth analysis of the changing trends, opportunities, and challenges influencing the growth over the next decade. The study includes a detailed summary of each market along with data related to demand, supply and distribution. The report examines Thermoplastic Polyolefin market growth strategies adopted by leading…
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#Covid-19 Impact Analysis#Thermoplastic Polyolefin#Thermoplastic Polyolefin forecast#Thermoplastic Polyolefin Industry#Thermoplastic Polyolefin Market#Thermoplastic Polyolefin price#Thermoplastic Polyolefin report#Thermoplastic Polyolefin research#Thermoplastic Polyolefin share#Thermoplastic Polyolefin trends
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Asia Pacific thermoplastic elastomers (TPE) market size to grow at a CAGR of 5.3% from 2015 to 2022
Asia Pacific thermoplastic elastomers (TPE) market size to grow at a CAGR of 5.3% from 2015 to 2022
Asia Pacific thermoplastic elastomers market is estimated to reach over USD 7.82 billion owing to growing consumption from automotive part production. Regulatory initiatives limiting carbon emission and increasing focus on enhancing fuel efficiency in vehicles are expected to have a positive impact on growth. Numerous automotive OEMs have been replacing metal and alloys with plastics from…
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#Advanced Materials#Asia Pacific#Automotive#Construction#Copolyester Elastomers#Electronics#Footwear#Industrial#Medical#Styrenic Block Copolymers#Thermoplastic Elastomers#Thermoplastic Elastomers market#Thermoplastic Elastomers Market forecast#Thermoplastic Elastomers Market share#Thermoplastic Elastomers Market size#Thermoplastic Elastomers Market trends#Thermoplastic Polyolefins#Thermoplastic Polyurethanes#Thermoplastic Vulcanizates
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Thermoplastic Polyolefins Market | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023
Thermoplastic Polyolefins Market Research Report– information by application (automotive, medical, home appliances, building & construction, industrial, and others) region – Forecast till 2023
Top Players
The top vendors striving to their presence felt in the global thermoplastic polyolefins market are Sumitomo Chemical Co., Ltd. (Japan), INEOS Olefins & Polymers (UK), Johns Manville. A Berkshire Hathaway Company (U.S.), RTP Company (U.S.), The Hexpol group of companies (U.S.), SABIC (Saudi Arabia), S&E Specialty Polymers (U.S.), Exxon Mobil Corporation (U.S.), LyondellBasell (the Netherlands), Arkema SA (France), Noble Polymers (U.S.) among others.
Industry News
February 2019 – The U.S. Port of San Diego is set to improve infrastructure, by planning future installation of a solar-powered, renewable microgrid at the Tenth Avenue Marine Terminal. This project will involve removing the existing multiple-ply, built-up roof system and then installing the lighter and highly durable single-ply Thermoplastic Polyolefin membrane roof system.
Market Outline
According to the latest study conducted by Market Research Future (MRFR), the thermoplastic polyolefins market is all set to display a lavish growth pattern, accompanied by a double-digit growth rate during the forecast period (2017-2023).
Market Drivers and Key Restraints
Backed by the vast pool of participants, the global thermoplastic polyolefin market showcases a fiercely competitive landscape. A number of key players across the thermoplastic polyolefin market are aggressively striving to elevate their market position backed by constant product innovation, and also incorporating advanced technologies in their existing product range. In the years to come, these companies are also poised to enter into partnerships as well as mergers and acquisitions which will be their key strategy for business development, states the MRFR report.
Citing an example, in August 2018, LyondellBasell Industries, one of the leading players in the TPO industry, acquired A. Schulman Incorporation, which is a prominent supplier of high-quality composites and plastic compounds in the world. The date experts are of the view that this acquisition is a positive move, which will aid in creating value for customers for both the firms, in addition to uplift their positions in the business space in the near future.
Another factor steering the development of the thermoplastic polyolefin market include the high product demand across construction and automotive sectors. Other than this, the rising sales of tires and rubber items are expected create profitable avenues for the thermoplastic polyolefin market in the coming years. however, few technological challenges could be liable to impede the thermoplastic polyolefin market in the conjectured time frame. Nonetheless, the ever-increasing applications of the product across numerous industries is set to present countless opportunities to the global thermoplastic polyolefin market from 2017 to 2023, thus negating the restraining impact on the overall market.
Market Segmentation
The market for Thermoplastic Polyolefins Market is segmented on the basis of application, which is sub-segmented into automotive, medical, home appliances, building & construction, industrial, and others. Furthermore, the others include rubber goods, packaging, wire & cable, battery, and footwear.
Out of these, the automotive segment holds the largest share in the global market, on account of the rising demand in automobiles at the global level. Thermoplastic polyolefins are utilized in the manufacturing of automotive components like door panels, instrument panels, dashboard skins, bumpers, and trims that light-weight and offer excellent durability. Keeping in mind the growing demand for fuel-efficient vehicles, the application of thermoplastic polyolefins for a number of components is on the rise, lending a significant push to the growth of the segment and helping it maintain its dominance over the review period. The second-largest segment is that of building & construction, owing to the rising construction activities around the world.
Regional Outlook
The global thermoplastic polyolefins market is spread across the key regions of Europe, North America, Asia Pacific and the Middle East and Africa.
Proving its mettle in the global thermoplastic polyolefins market is the region of North America, acquiring the largest share, with Asia Pacific and Europe right behind. The strong growth of the regional market is the result of the growing demand from automotive, medical, as well as the packaging sector. Canada and the United States (U.S.) are the key contributors to this growth, on account of the continuously developing health care sector along with the strong presence of well-known manufacturers in the region.
The market in Europe with the back-up of countries like Italy, Germany, France, and the United Kingdom (U.K) will be claiming the largest regional share. The factors responsible for the striking growth pattern of the region include the accelerated demand from renowned automobile manufacturers coupled with the strict legislations that pertain to the fuel conservation in the automotive industry.
Asia Pacific consists of several economies like India, Japan, China, Thailand, Malaysia, and South Korea, that have made it possible for the region to establish itself as the fastest growing market for thermoplastic polyolefins. Furthermore, there are high chances of the regional market to retain its healthy pace throughout the review period as a result of various factors like rising population and the increasing number of passenger cars on road. Additional factors that work in favor of the regional market are the competitive production costs as well as the easy availability of raw material. Apart from this, increasing construction activities and the burgeoning population gives a substantial push to the growth of the regional market as well.
The countries in the Middle East and Africa are presumed to clock in a moderate growth, as a result of the increasing foreign investments along with the shifting of production facilities to the region.
The global thermoplastic polyolefins market is spread across the key regions of Europe, North America, Asia Pacific and the Middle East and Africa.
Proving its mettle in the global thermoplastic polyolefins market is the region of North America, acquiring the largest share, with Asia Pacific and Europe right behind. The strong growth of the regional market is the result of the growing demand from automotive, medical, as well as the packaging sector. Canada and the United States (U.S.) are the key contributors to this growth, on account of the continuously developing health care sector along with the strong presence of well-known manufacturers in the region.
The market in Europe with the back-up of countries like Italy, Germany, France, and the United Kingdom (U.K) will be claiming the largest regional share. The factors responsible for the striking growth pattern of the region include the accelerated demand from renowned automobile manufacturers coupled with the strict legislations that pertain to the fuel conservation in the automotive industry.
Asia Pacific consists of several economies like India, Japan, China, Thailand, Malaysia, and South Korea, that have made it possible for the region to establish itself as the fastest growing market for thermoplastic polyolefins. Furthermore, there are high chances of the regional market to retain its healthy pace throughout the review period as a result of various factors like rising population and the increasing number of passenger cars on road. Additional factors that work in favor of the regional market are the competitive production costs as well as the easy availability of raw material. Apart from this, increasing construction activities and the burgeoning population gives a substantial push to the growth of the regional market as well.
The countries in the Middle East and Africa are presumed to clock in a moderate growth, as a result of the increasing foreign investments along with the shifting of production facilities to the region.
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Thermoplastic Elastomer Market Size, Share and Future Demand
The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515
How is This Report Developed?
We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.
Drivers & Restraints-
Increasing Need to Manufacture Automotive Gaskets to Aid Growth
People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future.
Segment-
Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles
Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.
Regional Insights-
Surging Demand for Luxury Vehicles to Accelerate Growth in Europe
In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.
In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.
Competitive Landscape-
Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19
The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments:
August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers.
May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.
A list of all the renowned thermoplastic elastomers producers operating in the market:
Arkema SA (Colombes, France)
Covestro AG (Leverkusen, Germany)
Evonik Industries AG (Essen, Germany)
Teknor APEX Company (Rhode Island, U.S.)
BASF SE (Ludwigshafen, Germany)
Huntsman Corporation (Texas, U.S.)
Sinopec Group (Beijing, China)
Lubrizol Corporation (Ohio, U.S.)
Kraton Corporation (Texas, U.S.)
Tosoh Corporation (Tokyo, Japan)
Other Key Players
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