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Spunbond Nonwoven Market 2020 Growth Strategies, Recent Trends, Size, Business Perception to 2028 | Fortune Business Insights™

 The global Spunbond Nonwoven Market analysis is estimated to rise remarkably in the coming years on account of the increasing demand from the automotive sector worldwide. Spunbond is the process of producing nonwoven fabric by continuously spinning filament fibers into a moving belt.  A recent report by Fortune Business Insights, titled, “Spunbond Nonwoven Market Size, Share & Industry Analysis, By Type (Polyester, Polypropylene, Polyethylene), By End-Use Industries (Personal Care & Hygiene, Medical, Agriculture, Packaging, Automotive, Others) Others and Regional Forecast, 2019-2028,” offers insights into the market and a complete analysis of the same.

Objectives of the Report:

The report provides a comprehensive overview of the market and throws light on the growth drivers, restraints, challenges and upcoming opportunities. It also discusses the major industry developments of the market and current trends. Besides this, the report provides the table of segmentation in detail, names of the leading segments and their attributed factors. For more information on the report, log on to the company website.

Drivers & Restraints-

Increasing Demand for Polypropylene Nonwovens to Augment Growth

Spunbond is a porous fabric made up of long fibers, plastic films or molten plastic and possesses unique qualities such as chemical and heat resistance, porous nature, and burst strength. They are also used for making boot carpets, heat shields, molded bonnet liners, hood insulation, airbags, carpet and flooring seats, and other products. The increasing demand from the automotive industry is a key factor boosting the global spunbond nonwoven market growth. Besides this, the rising demand for polypropylene spunbond nonwovens will also add impetus to the market in the coming years.

On the contrary, the high cost of the finished product may pose a major challenge to the market in the coming years. This, coupled with the volatility in the price of raw materials may also cause hindrance to the market in the forecast period.

Nevertheless, the increasing use of spunbond nonwovens in the healthcare sector, increasing standard of living, and the rising demand for geotextiles are expected to create lucrative growth opportunities for the market in the coming years.

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Some of the Key Players of the Spunbond Nonwoven Market include:

  • RadiciGroup SpA, Avgol Ltd.,
  • Kimberly-Clark Corporation
  • PFNonwovens Czech s.r.o.
  • Mitsui Chemicals, Inc.
  • Asahi Kasei Corporation
  • Schouw & Co.
  • Kuraray Co., Ltd.
  • Toray Industries, Inc.
  • Fitesa S.A.
  • Berry Plastics Group, Inc.
  • Johns Manville Corporation
  • Others


The Market for Spunbond Nonwoven is Classified into the Following:

The global spunbond nonwoven market is categorized on the basis of type, end use industries, and region. Based on type, the market is classified into polyester, polypropylene, and polyethylene. With respect to end-use industries, the market is grouped into automotive, packaging, agriculture, medical, personal care & hygiene, and others.

Regional Analysis-

Asia Pacific Held Largest Share Owing to Growing Inclination towards Personal Care products 

Asia Pacific held the highest spunbond nonwoven market share in 2018 owing to the rising inclination of people towards personal care products. Japan, India, and China are the leading nations in this market. North America will exhibit significant growth in the coming years on account of a rise in the demand for polypropylene for use in the production of goods for personal hygiene. This is further attributed to the chemical resistance, tensile strength, and temperature tolerant properties of polypropylene.

Additionally, the Europe market will also generate notable growth in the forecast period on account of the increasing demand from the healthcare sector. Furthermore, the market in Latin America will be driven by the increasing investment by the government and private companies in real estate infrastructure and the growing demand for manufacturing geotextiles used in construction activities.

Antimicrobial Coatings Market - Upcoming Business Strategies, Industry Size, Share Value, Growth Factors, Regional Trends, Key Players and Industry Forecast to 2027

The global antimicrobial coatings market analysis size is predicted to reach USD 8.65 billion by 2027, exhibiting a CAGR of 11.5% during the forecast period. 

Antimicrobial Coatings Market Driver:

Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects

The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in the developing nations will create opportunities for the market.

The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market.

The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings industry growth, states Fortune Business Insights in a report, titled "Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air/HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027" the market size stood at USD 3.69 billion in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.

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List of Major Companies in the Antimicrobial Coatings Market Research Report are;

  • Akzo Nobel N.V.
  • Axalta Coating Systems
  • PPG Industrial Coatings
  • John Desmond Limited
  • Nippon Paint (India) Company Limited
  • The Sherwin-Williams Company
  • DuPont
  • Damond Vogel

Global COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

Regional Analysis:

Favorable Laws and Policies will Strengthen Market in North America

The market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America.

The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market.  The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.

Antimicrobial Packaging Market Global Size Overview, Growth Drivers, Industry Share and Forecast to 2026

The antimicrobial packaging market analysis size is predicted to reach USD 17,559.4 million by 2026, exhibiting a CAGR of 7.9% during the forecast period. The rising concerns regarding food quality and safety will spur demand for antimicrobial packaging, which, in turn, will boost the antimicrobial packaging market growth during the forecast period. Moreover, the rising focus of consumers towards quality products will aid the growth of the market in the forthcoming years. In addition, the increasing awareness regarding the  benefits of green packaging such material reduction, waste reduction, less energy consumption, recycled content and renewable energy source will boost the market trends for antimicrobial packaging, mentioned states Fortune Business Insights in a report, titled “Antimicrobial Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Biopolymers, Paper & Paperboard, and Others), By Antimicrobial Agents (Organic Acid, Bacteriocins, and Others), By Type (Bags, Pouches, Trays, and Others), By Application (Food & Beverages, Healthcare & Pharmaceutical, Personal Care, and Others) and Regional Forecast, 2019-2026” the market size stood at USD 9,570.5 million in 2018.

Competitive Landscape:

Expansion of BASF’s Production Plant to Encourage Healthy Growth 

BASF SE, a German chemical company and the second largest chemical producer in the world announced that it has constructed a new specialty amines plant at its existing wholly owned site in Nanjing Chemical Industry Park in China. The latest multi-product plant can manufacture 21,000 metric tons per year and further prolongs BASF’s amines portfolio at the specialty amines complex in Nanjing. The launch of the new plant by BASF can be a fundamental factor in accelerating the antimicrobial packaging market growth owing to the production of Propylenediamine (1,2-PDA), n-Octylamine (n-OA) and Polyetheramine (PEA). Furthermore, Stefan Blank, President, BASF Intermediates division, said in a statement, “BASF offers a wide range of amines globally, and this investment reflects our continued commitment to meeting the growing market demand in Asia Pacific. Building on decades of experience in developing and manufacturing amines, this new plant will further strengthen our global leadership in these versatile intermediate products.”

 In addition, the rising demand for specialty amines will aid the antimicrobial packaging market revenue during the forecast period. Senior Vice President, Intermediates Asia Pacific, BASF, Narayan Krishna Mohan, said in a statement, “This investment will help us to meet the increasing Asia Pacific demand for specialty amines used as intermediates in a diverse range of industries and applications, such as epoxy formulations, crop protection agents, spandex and biocides for the coatings industry, through this expansion, we will be able to better serve our customers in Asia Pacific with steady and timely supply of quality product.

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The Report Lists the Main Companies in this Market

  • Dunmore Corporation
  • BioCote Limited
  • PolyOne Corporation
  • Microban International
  • Mondi PLC
  • The DOW Chemical Company
  • CSP Technologies
  • Takex Labo Co. Ltd.
  • Other Players

Regional Analysis:

Rising Demand for Medical Devices to Stimulate Growth in North America

North America is expected to grow rapidly during the forecast period owing to the growing adoption of antimicrobial packaging in various industries. The growing demand for drugs and medical devices will enable growth in North America. The market in Asia Pacific generated a high revenue in 2018 and is likely to witness high demand during the forecast period owing to the high demand for sustainable packaging from China, India, and South Korea. The rising consumption and demand of food will contribute positively to the growth in Asia Pacific. In addition, the blooming pharmaceutical and medical industry will have a positive impact on the market in Asia Pacific during the forecast period.

Carbon Fiber Market Trends, Business Opportunities, Challenges, Size, Share, Growth Insights to 2026

The global carbon fiber market analysis is expected to gain momentum owing to increasing demand for bicycles by fitness enthusiasts and increasing incidence of heart-related ailments across the globe.

Carbon fiber is a polymer that has high tensile strength and is lightweight. It is five times stronger than steel and is mainly composed of carbon atoms. It is made up of strong, thin crystalline filaments of carbon that imparts strength to a material. Additionally, it possesses a high chemical resistance property and is tolerant of excessive heat making it an ideal choice amongst designers and engineers during the manufacturing of materials.

ethodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.


Increasing Demand for Bicycles to Favor Growth

According to the US Bicycle Industry, around 15 to 20 million units of bicycles are sold in the US every year. Increasing incidence of heart-related ailments and growing awareness regarding health and fitness amongst the people is expected to propel the demand for bicycles. Increasing demand for bicycles and technological advancement is driving the manufacturers to produce bicycles with a well-built carbon frame that aids in the drastic reduction of weight and high tensile strength. Therefore, the growing demand for superior quality and light-weight bicycles is expected to drive the global carbon fiber market in the forthcoming years.


Developed Aerospace Sector in Europe to Aid Growth

Among the regions, the market in Europe is likely to remain at the forefront and hold the highest global carbon fiber market share during the forecast period. This is attributable to developed end-use industries such as aerospace, automotive, and wind energy in countries such as Germany and France. On the other hand, North America is expected to hold the second position in the market during the projected horizon. This is ascribable to increasing adoption of technology and growing awareness for health and fitness amongst the people between 2019 and 2026.

Gain More Insights into the Carbon Fiber Market Research Report:

List of the Companies Operating in the Market:

  • Hexcel Corporation
  • Mitsubishi Chemical Carbon Fiber and Composites Inc.
  • SGL Carbon SE, Teijin Limited
  • Toray Industries Inc
  • Solvay
  • Jiangsu Hengshen Co. Ltd.
  • DowAksa
  • Zhongfu Shenying Carbon Fiber Co. Ltd
  • Weihai Guangwei Composites Co. Ltd.


Teijin Announces Expansion of Carbon Fiber Production to Strengthen Product Portfolio

In June 2020, Teijin Carbon Europe GmbH, a leading carbon fiber supplier, announced its plan to expand the production capacity by 40% for its German-produced chopped carbon fiber. According to the company, the expansion of its production capacity is aimed at catering to the increasing demand from European electronics manufacturers and medical industries. The global carbon fiber market report mentions that the companies are striving to gain maximum in terms of revenue by adopting strategies such as the expansion of facilities, product expansion offerings, partnership, and collaboration during the forecast period.

Technical Textiles Market Trends, Business Opportunities, Challenges, Size, Share, Growth Insights to 2026

The global technical textiles market analysis size is projected to reach USD 195.36 Billion by 2026 attributed to the increasing number of applications including construction and civil engineering, household furnishings, and others. Technical textiles are materials that focus more on performance rather than appearance and are currently in demand from multiple industries. According to a recently published report by Fortune Business Insights™ titled, “Technical Textiles Market Size, Share & Industry Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Packtech, Protech, Sporttech and Oekotech), By Fiber Type (Natural Fiber and Synthetic Fiber), By Product Form (Fabric, Fiber, and Yarn) and Regional Forecast, 2019-2026,” the market value was USD 159.29 billion in 2018 and will rise at a CAGR of 2.7% during the forecast period set from 2010 to 2026.

Market Drivers:

Increasing Demand for Advanced Technical Textiles for Household Furnishing Applications will Drive Market

The increasing demand from applications such as cleaning and conveying industrial equipment, agriculture and horticulture, environmental protection, sport and leisure, household furnishing and coverings, packaging industry, and personal protective equipment among others, serves as the key technical textiles market growth driver.

Besides this, the multi-dimensional properties such as high versatility, strength, durability, and lightweight will also boost the market. In addition to this, the high chemical, mechanical, and thermal resistance properties of these textiles will aid in the expansion of the market in the forecast period.

On the contrary, technical textiles are highly expensive as compared to conventional textiles and this may pose a major threat to the market size in the forecast period. This, coupled with the high cost of manufacturing and the need for more skilled manpower may cause major hindrance to the market in the long run. Nevertheless, the constantly evolving technology and product innovations will also create lucrative growth opportunities for the market in the coming years.

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Regional Segmentation:

Asia Pacific will Dominate Market with Presence of Major Manufacturing Nations

Geographically Asia Pacific held the largest technical textiles market share with countries such as Japan, China and Japan emerging as the key markets. This is further attributed to the abundant availability of raw materials in the region and the favorable growth of textile end-use industries such as packaging, automotive, construction, clothing, and others.

List of Key Players of this Market include:

  • Freudenberg Group
  • TenCate Fabrics
  • Arrow Technical Textiles Private Limited
  • SKAPS Industries
  • SRF Limited
  • International Fibres Group
  • DuPont de Nemours, Inc.
  • Strata Geosystems
  • Terram (Berry Global)
  • Johns Manville
  • PPSS Group
  • Officine Maccaferri S.p.A.
  • Asahi Kasei company
  • HUESKER Group
  • Milliken & Company
  • Other Vendors

Competitive Landscape:

Intense Competition Witnessed Owing to Presence of ManyVendors

Players operating in the global technical textiles market are investing massive amounts on the development of products with qualities such as high durability, soft and dependable, to reach for the top position in the market. Players are also adopting other strategies such as contracts and agreements, company collaborations, mergers and acquisitions, and others to attract high technical textiles market revenue in the forthcoming years.

Nanocoatings Market Growth Drivers, Size, Industry Revenue, Business Forecast to 2028

The global nanocoatings market analysis is expected to experience exponential growth by reaching USD 39,869.2 million by 2028. Fortune Business Insights published this information in its latest report, titled, “Nanocoatings Market, 2021-2028.” The report further mentions that the market stood at USD 7,825.3 million in 2020 and is likely to exhibit a CAGR of 22.7% between 2021 and 2028.

Reduced Workforce amid COVID-19 to Hamper Growth

The imposition of lockdown has led to sluggish growth of several industries globally. In addition to this, decreased sales revenue and reduced workforce has led to a drastic economic downturn that has affected the demand for coatings across several industries such as automotive, and construction & buildings, among others. According to the data by the European Automobile Manufacturers’ Association (ACEA), the total sales of new vehicles in the European Union was 7.4% lower around January-February 2020 compared to the same period in 2019. This is likely to affect the market in the short run.

Increasing Demand for Nanocoatings from Electronics Sector to Favor Growth

In March 2020, P2i announced the signing of a deal with Samsung to provide protection for the Galaxy smartphone series. The company is anticipated to adopt its advanced nanotechnology to improve the reliability and liquid protection of smartphones. The growing demand for smartphones is expected to boost the demand for the product that will bode well for the market growth in the forthcoming years.

Key Market Segmentation:

We have segmented the global market for nanocoatings on the basis of type, application, and region. On the basis of type, the market is segregated into antimicrobial, self-cleaning, anti-fingerprint, anti-corrosion, and others. Based on application, the market is bifurcated into building & construction, automotive, aerospace, electronics, marine, and others. Moreover, on the basis of application, the building & construction segment is expected to hold significant market share owing to the growing demand for these coatings across green buildings to conserve energy globally.

Lastly, based on region, the market is divided into North America, Asia-Pacific, Latin America, the Middle East and Africa, and Europe.

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List of the Companies Profiled in the Global Market:

  • P2i Ltd (Oxfordshire, UK)
  • Nanovere Technologies LLC (Michigan, U.S)
  • Nanofilm Ltd. (Ohio, U.S)
  • ACTnano (Massachusetts, U.S)
  • Nanophase Technologies Corporation (Illinois, U.S)
  • Tesla Nanocoatings Inc (Ohio, U.S)
  • Cleancorp (NSW, Australia)
  • Other Key Players

What does the Report Include?

The global market for coconut derivatives report includes detailed analysis obtained by the research analyst using several research methodologies on several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth between 2021 and 2028.


Increasing Demand from Construction Industry to Augment Growth

Polymeric coatings result in an increased level of emissions through volatile organic compounds (VOC) that degrade the air quality. The growing demand from the construction sector to protect infrastructure from corrosion, UV radiations, and other pollutants is expected to boost the adoption of advanced nanocoatings over conventional coatings. Additionally, the increasing focus on developing green infrastructure is anticipated to boost the global nanocoatings market growth during the forecast period.

Synthetic Rubber Market Analysis, Industry Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2027

The rising demand for hydrogenated nitrile-butadiene rubber (HNBR) in various industrial application is expected to enable speedy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Synthetic Rubber Market analysis Size, Share & Industry Analysis By Type (Polybutadiene Rubber (BR), Styrene Butadiene Rubber (SBR), Nitrile Rubber (NBR), Ethylene Propylene Diene Monomer (EPDM), Others), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, Others) Others and Regional Forecast, 2019-2027” the growing shift from natural rubber to synthetic rubber owing to its robust qualities is likely to spur opportunities for the synthetic rubber market growth during the forecast period.

The Report Lists the Key Companies in the Synthetic Rubber Market:

  • Kumho Petrochemical
  • Petrochina
  • TSRC
  • ExxonMobil
  • Goodyear
  • Nizhnekamskneftekhim(NKNH)
  • JSR Corporation
  • LG Chem
  • Versalis
  • Dow Chemicals
  • Asahi Kasei Corp

Gain More Insights into the Synthetic Rubber Market Research Report

Competitive Landscape:

Agreement between ExxonMobil and SABIC to Accelerate Growth

Saudi Basic Industries Corporation (SABIC), a Saudi multinational chemical manufacturing company announced its agreement with Exxon Mobil Corporation, an American multinational oil and gas corporation headquartered in Irving, for the completion of a new elastomers plant at Kemya. The new synthetic rubber project will expand Kemya’s product portfolio. The new project involves a total investment of U.S. $3.4 billion, and has the capacity to produce up to 400,000 tons per year. The agreement between the companies is predicted to boost the synthetic rubber market trends in the foreseeable future owing to its high impactful technologies including proprietary ExxonMobil EPDM, thermoplastic elastomer and halobutyl rubber technologies. Moreover, the plant has a rigorous and sophisticated system for waste management, which, in turn, will reduce waste and promote healthy ecosystem. In addition, the growing demand for acrylic rubber is predicted to impel companies to increase their production capacities, which, in turn will facilitate the synthetic rubber market revenueFor instance, Zeon Corporation, a producer and supplier of a wide range of products including synthetic rubbers and specialty resins announced to establish a new subsidiary in Thailand for Acrylic Rubber manufacture and sale to cater to the demand for acrylic rubber in the Asian region. However, the health and environmental hazards due to soot produced during the vulcanization of rubber is expected to restrict the growth of the market. Soot is a dangerous mix of metals and chemicals, if inhaled deep in the lungs can cause heart attacks and cancer.

Regional Analysis:

High Demand from Automotive Industry to Facilitate Growth in North America

Asia Pacific is expected to dominate the global market during the forecast period owing to the high demand for rubber from countries such as China and India. The growing industrialization and urbanization is predicted to bolster healthy growth of the market during the forecast period. The surge in automotive and footwear industry has led a huge demand for synthetic rubber, which, in turn, will augur well for the market .The booming automobile industry in countries such as Germany and the UK is expected to boost the synthetic rubber market share in Europe. The high standard of living is predicted to have a positive impact on the market in Europe. The rising demand for electric vehicles has led to the necessity for synthetic rubber in tire and non-tire automotive applications. This, factor is likely to aid growth of the market in North America. Nonetheless, the rising construction projects and flourishing industries is predicted to augur well for the market in the Middle East & Africa. High Demand in Saudi Arabia for synthetic rubber in industrial applications is expected to enable speedy growth of the market during the forecast period.

Chlor-Alkali Market, Industry Share 2021, Global Demand, Industry Growth, Business Opportunities and Challenges, Regional Analysis, Top Leaders Analysis to 2027

The global chlor alkali market size analysis is expected to reach USD 55.39 billion by 2027, exhibiting a CAGR of 2.9% during the forecast period. The growing shift from conventional production technologies to greener production technologies will have an outstanding effect on the global market, states Fortune Business Insights, in a report, titled “Chlor alkali Market Size, Share & COVID-19 Impact Analysis, By Application (Chlorine {Water Treatment, Paper & Pulp, Inorganics, Intermediates, Organics, Vinyl, and Others} and Caustic Soda {Textile, Alumina, Soap & Detergents, Organics, Inorganics, Pulp & Paper, Water Treatment, and others}), and Regional Forecast, 2020-2027.” The market size stood at USD 49.87 billion in 2019.

The occurrence of coronavirus has exerted enormous economic stress on sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain this global pandemic.

Latest Driver:

Significant Demand for Vinyl Polymers to Boost Market Growth

The growing production of vinyl and polyvinyl chloride (PVC) through chlorine will bolster the healthy growth of the market. PVC is the world’s third-largest used polymer owing to its importance in the construction industry such as pipes, window frames, and other products. The booming construction industry in developing countries can spur opportunities for the market. Similarly, the increasing application of PVC in various end-use industries will further augment the growth of the market in the forthcoming years. For instance, in electrical applications, PVC tapes and cases are extensively used due to its unique set of properties. Moreover, the growing popularity of electric vehicles can consequently accelerate the consumption of PVC and chlorine, which, in turn, will aid the expansion of the market. Besides, the exceeding demand for chlor alkali products from end-use industries will promote market growth.

Disrupted Supply and Demand to Dampen Market Amid Coronavirus

The COVID-19 outbreak has negatively impacted the global market. The disruption caused by the virus has resulted in a shortage of laborers, disturbed transportation and logistics, and disrupted supply and demand. The reduced demand for chlor alkali products particularly chlorine can significantly restrict the growth of the market amid COVID-19. The dropped revenue and losses were reported by key players in the first half of 2020. For instance, Olin Corporation, the world’s largest producer of Chlor alkali, reported a loss of USD 80 million in Q1 2020 due to dipped sales prices and volume.


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Key Development:

January 2019: Ercros, a Spain based manufacturer of chemicals, announced that it has started the production of chlorine and caustic soda at its plant in Vila-seca I (Tarragona), Spain.

List of the Leading Companies Profiled in the Global Chlor alkali Market are:

  • Olin Corporation (Clayton, United States)
  • Tata Chemicals Limited (Mumbai India)
  • Tosoh Corporation (Tokyo, Japan)
  • Occidental Petroleum Corporation (OXY) (Houston, United States)
  • Xinjiang Zhongtai Chemical Co. Ltd. (China)
  • AGC Inc. (Tokyo, Japan)
  • Inovyn (Runcorn Site, UNITED KINGDOM)
  • Formosa Plastics Corporation (Taiwan)
  • Hanwha Chemical Corporation (Seoul, South Korea)
  • Akzonobel N.V. (Amsterdam, Netherlands)

Regional Analysis:

Flourishing Construction Industry to Advance Market in Asia Pacific

The market in Asia Pacific is expected to hold the largest share in the global market owing to the heavy consumption rate in the region. China dominates the Asia-Pacific region with over 70% share in the regional consumption. The growth is attributed to the booming construction industry. The increasing demand for PVC pipes in the agricultural sector will bolster the healthy growth of the market in the region. Moreover, the thriving automotive and industrial sectors will simultaneously increase the demand for caustic soda, which, in turn, will aid the growth of the market. The paper & pulp industry is expected to contribute impetus to the market in Asia Pacific. India is poised to be the fastest-growing country in the region owing to robust developments in the construction industry and thriving end-use industries. As per Oxford Economies Global Construction 2030 outlook, India’s construction industry is expected to grow twice as fast as China in the forthcoming years.

Plastic Compounding Market Trends in 2021, Size, Industry Revenue, Growth Insights to 2026 | Industry Exclusivity by Fortune Business Insights™

 The global plastic compounding market analysis size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in the emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

Plastic Compounding Market is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period

Fortune Business Insights™ provided the above information in a recently published report, titled, Plastic Compounding Market Size, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Poly Vinyl Chloride, Polystyrene, Polyethylene, Polybutylene Terephthalate, Polyamide, Polycarbonate, Acrylonitrile Butadiene Styrene, and Others), By Application (Automotive & Transportation, Infrastructure & Construction, Electrical & Electronics, Packaging, Consumer Goods / Lifestyle, Industrial Machinery, Healthcare & Pharmaceuticals, and Others), and Regional Forecast, 2019-2026.” As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

Fortune Business Insights™ lists out some of the most renowned companies operating in the plastic compounding market:

  • PolyVisions
  • Asahi Kasei Corporation
  • Aurora Plastics LLC
  • LyondellBasell
  • Kingfa SCI. & TECH. CO., LTD.
  • DuPont
  • Celanese Corporation
  • RTP Company
  • Solvay S.A.
  • Kraton Corporation
  • Covestro AG
  • Kraton Corporation
  • MRC Polymers
  • Adell Plastics
  • Other Key Players

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Drivers & Restraints-

Increasing Number of Commercial & Residential Projects to Augment Growth

Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

Industrial Coatings Market Global Size Overview, Growth Drivers, Industry Share and Forecast to 2027

 The global industrial coatings market analysis is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™ in a new report, titled, “Industrial Coatings Market Size, Share & COVID-19 Impact Analysis, By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Technology (Solvent-borne, Water-borne, Powder, and Others), By End-use (General Industrial, Powder, Automotive OEM, Automotive Refinish, Protective, Wood, Marine, Coil, Packaging, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 86.81 billion in 2019 and is projected to reach USD 119.54 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period.






List of the Leading Companies Profiled in the Global Industrial Coatings Market are:

  • Akzo Nobel N.V. (Netherlands)
  • Axalta Coating Systems, LLC (U.S.)
  • Industrial Coatings Ltd. (Finland)
  • PPG Industries, Inc. (U.S.)
  • The Sherwin-Williams Company (U.S.)
  • Nippon Paint Holdings Co., Ltd. (Japan)
  • Kansai Paint Co., Ltd. (Japan)
  • RPM International Inc. (U.S.)
  • BASF SE (Germany)
  • PPG Asian Paints Pvt Ltd (India)
  • Hempel A/S (Denmark)
  • The Chemours Company FC, LLC. (U.S.)
  • Jotun A/S (Norway)
  • Other Key Players

Drivers & Restraints

Rising Environmental Concerns to Bolster Growth

The manufacturing process of industrial coatings releases volatile organic compounds (VOCs) that must be eliminated effectively. These organic chemicals turn to gases once they are kept at room temperature. VOC is the main cause of ground-level air pollution. Hence, nowadays several manufacturers are rapidly inclining towards powder-based or water-borne coatings to maintain sustainability. This factor is set to propel the industrial coatings market growth in the coming years. However, these coatings are prone to drying quickly, which, in turn, may hamper growth.



Acrylic Segment to Hold Major Share Backed by High Demand from Biomedicine Industry

Based on resin, the acrylic segment held the major industrial coatings market share in 2019. This growth is attributable to the increasing demand for ceramic from the biomedicine industry. Binders or resins are capable of holding every component of coatings together. The alky segment would showcase considerable growth in the near future because of its cost-effective and versatile nature.

Browse Report Summary:

Announcement of PPG ENVIROCRON® by PPG to Spur Growth Opportunities

The launch of a new production line by PPG is predicted to bolster the healthy growth of the market during the forecast period. For instance, in March 2019, PPG announced a new production line of PPG ENVIROCRON® Extreme Protection Edge coatings specially formulated to cover the sharp edges of parts created during metal fabrication and provide superior

High Demand for Eco-Friendly Coating to Aid Expansion in North America

Geographically, the market is divided into North America, South America, Asia Pacific, Europe, Middle East & Africa. North America and Europe are expected to grow rapidly during the forecast period owing to the increasing demand for eco-friendly coating. Asia Pacific is predicted to witness significant growth in the forthcoming years due to the rising demand from the automotive end-use industry.

The increasing manufacturing and easy availability of raw materials is predicted to support the growth of the industrial coatings market in Asia Pacific. Additionally, China is the major consumer of industrial coatings due to the high demand from the automotive end-use industry as a result of industrialization and growing population rate.

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