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Balsa Wood Industry 2019 Global Market Size, Share, Growth, Trends, 12 Company Profiles and 2023 Future Market Analysis

Global Balsa Wood Market – by Type (Grain A, Grain B and Grain C), by Application (Aerospace & Defense, Renewable Energy, Marine, Road & Rail, Industrial Construction and other), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Forecast till 2023

Top Key Players Analyzed

  • CoreLite Inc
  • The Gill Corporation
  • 3A Composites
  • Gurit
  • DIAB International AB
  • PNG Balsa Company Ltd

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Balsa Wood Market Overview

Balsa (Ochroma pyramidale) is one of the fastest growing wood species, growing about 20 m in height and up to 75 cm in diameter in 5-8 years. Most of the balsa wood used commercially is harvested from plantations, particularly from Ecuador and Papua New Guinea. Because of its fast growth, the wood density is very low, making balsa the lightest commercial timber available. Based on property of low density, these woods are used in many industrial applications including, aerospace & defense, renewable energy, marine, rail & road etc. The balsa wood market is expected grow moderately and register a CAGR of 5.89% over the forecast period. Some of the protuberant drivers supporting the growth of global balsa wood market are identified as, booming wind turbine industry, growing defense activities and aerospace industry, expanding marine sectors, growing demand of weight saving composite to increase the efficiency of land transport. Moreover, due to the a wide array of properties such as, low density, strength and versatility, high impact strength, good sound and thermal insulation, excellent fatigue resistance and a wide operating temperature range, it adds an advantage of being competitive in price compared to alternative material. However, competition from polymers may restrain the market in future.

Industry/ Innovation/ Related News

February 2017 – 3A Composites launched BALTEK® VBC- structural core material based balsa wood vaneer from 100% FSC®, earlier this year. BALTEK® VBC core is made of balsa layers oriented in four directions and is structurally bonded to a quadra-axial core material (QX), which significantly improves the shear performance in length direction

April 2016 – 3A Composites AirexBaltekBanova has expanded its network of sales partners thereby ensuring the availability of its BANOVA ® product line in Germany. The company has shared its partnership in Germany with established timber traders such as Carl Götz GmbH, Holz Tusche GmbH & Co. KG, Becher GmbH & Co. KG, Leyendecker HolzLand GmbH & Co. KG.

July 2017 – Gurit has signed an agreement to form joint venture for balsa wood production with PT Gurit Parta Balsa which is a newly founded manufacturer of balsa wood blocks based in Probolinggo, Java, and Republic of Indonesia. Under the terms of this agreement Gurit will be holding 55% shares Mr. Setiyo Budi Nugroho will hold 45%.

November 2015– Gurit has expanded its balsa wood annual production capacity to match ongoing global market demand. With this expansion strategy Gurit expanded total annual increase of 35% with fresh investment in China based factory.

September 2017– Gurit recently closed successful acquisition of PH Windsolutions Inc. by acquiring 100% shares. Ph Windsolutions is specializes in innovative wind blade mould automation system of latest generation and related installation. With the conclusion of this acquisition PH Windsolutions BV will be rebranded as Gurit Tooling (Netherlands) BV

August 2016– The Gill Corporation purchased new building for manufacturing, shipping, receiving, and office space to undertake the company’s significant growth. The new building consist of area 140,000 sq. ft and this expansion strategy emerged as company’s largest expansion by far.

March 2011– Gurit acquired balsa material producer Balseurop and completes offering for Wind Energy and Marine markets.

June 2015– Schweiter Technologies compleated acquisition of PNG Balsa in Papua New Guinea.

Key Findings :-

Balsa Wood Market is projected to reach USD 217.26 million by 2023 with 5.98% CAGR growth rate during the review period of 2017-2023. The ‘Grain B’ Balsa Wood by type has acquired nearly 41% share of the market and is growing at highest CAGR among other grain types of balsa wood. Grain ‘C’ is also a major segment, which is swiftly acquiring significant share of the market by growing at CAGR of 5.88% during the forecast period. Aerospace & defense segment as an application has acquired as the largest share of the market. The segment is growing at highest CAGR among other application of Balsa Wood, to reach USD 77.76 million. Asia Pacific is the fastest growing region in the Global Balsa Wood Market, which is estimated to grow at CAGR of 5.97% to reach USD 71.25 by the end of review period. China acquired the largest market share and slated to grow at CAGR of 6.16% during the forecast period.

Balsa Wood Market

Balsa is one of the fastest growing tree which is native to South America, however it can be found in many other countries like Papua New Guinea. Ecuador has been the world’s largest balsa producer for over 60 years. For the purpose of this study, Market Research Future has segment the global balsa wood consumption market in five different region namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North American market is further divided into the US and Canada while the European market is segmented into Germany, Poland, France, UK, Italy, Spain and Rest of Europe. The Asia Pacific market is sub divided into China, Japan, India, Australia and Rest of Asia-Pacific. The global balsa wood market is expected to grow significantly during forecasted period i.e. 2023. Asia Pacific has accounted the largest market share followed by North America and Europe. The Asia Pacific region offers huge growth potential for balsa wood market and is slated to register the highest CAGR of 5.97% to reach USD 71.25 million by 2023 owing to the presence of large number of balsa wood processors, cheap labor cost and growing application segment in the region.

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Competitive Landscape

In competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. Globally balsa wood market is at a growing stage which represents moderate stats in terms of market value and overall volume. Over the past few years balsa wood market has witnessed significant demand from industries like marine, aircraft and wind energy. Nevertheless, the degree of competition among the market players is still less, owing to limited market players across the globe. Globally market for balsa wood is fragmented in nature and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

Geographic Analysis

The report covers brief analysis of geographical region such as: 

North America 

  •  U.S.
  • Canada


  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Poland
  • Rest of Europe


  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific

Latin America 

Blow Molding Plastics Market Size, Growth and Comparison by Regions, Types and Applications 2019-2023

Blow Molding Plastics Market:

The global Blow Molding Plastics Market is analyzed in the new research report from Market Research Future (MRFR). The global blow molding plastics market is given a thorough examination in the report, which assesses the key driving and restraining factors operating on the market as well as the trajectory of the leading segments of the market and key players operating in the market. The macroeconomic and microeconomic factors affecting the global blow molding plastics market are assessed in detail in the report in order to elucidate the position of the market in terms of the overall economic environment in the world. The key players in the global blow molding plastics market are also assessed in the report to give readers an idea of the strategies likely to succeed in the market.

Competitive Analysis:

Leading players in the global blow molding plastics market include The Dow Company, Magna International Inc., Berry Global Inc., Comar LLC, The Plastic Forming Company, Inpress Plastics Ltd., Rutland Plastics Ltd., IAC Group, and ExxonMobil Corporation.

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Industry Updates:

In November 2018, researchers at the mechanical engineering department in the Faculty of Engineering at the National University Singapore developed a method to produce light, soft, flexible, yet durable aerogels from recycled PET bottles. The aerogels also retain the property of PET to produce superior thermal insulation, making it a great fit for fire-resistance clothing as well as thermal insulation in homes.

Blow molding plastics include plastics that are heated beyond their melting point and then solidified in precast molds to produce objects of various shapes and uses. Extrusion molding, injection molding, stretch blow molding, and reheat and blow molding remain the basic types of blow molding processes. Major types of plastics worked by blow molding include polyolefins, PVC, and PET. The various benefits of the blow molding process in terms of cost advantage and operational feasibility are likely to drive the global blow molding plastics market over the forecast period.

Polyolefins, PVC, and PET are experiencing growing demand from a number of end-use sectors due to their properties in terms of resisting electricity, offering smooth surfaces, offering high chemical resistance, and strength while remaining lightweight. Fundamentals of the consumer products sector such as the beverages industry have come up with a rapidly growing demand for PET bottles, which is likely to remain a major driver for the global blow molding plastics market over the forecast period (2017-2023). This is likely to be an important driver for the blow molding plastics market over the forecast period due to the increasing variation in the beverages industry and the wide range of beverages being pioneered by leading players in the market. This is likely to drive the demand for PET bottles at a steady rate over the forecast period, thus driving the demand from the blow molding plastics market.

Segmental Analysis:

Blow Molding Plastics Market is segmented by type and end use.

By type, the global blow molding plastics market is segmented into LDPE, HDPE, PE, PVC, PET, and polypropylene. Polyethylene holds the highest share in the global blow molding plastics market at present, but is likely to fall behind PET over the forecast period due to the environmental unviability of the former.

By end use, the global blow molding plastics market is segmented into food processing, agriculture, furniture and design, construction, automobiles, and others. Construction, food processing, and automotive are likely to remain the key end users of the global blow molding plastics market over the forecast period, with the construction segment accounting for 30% of the global market in 2016.

Regional Analysis:

The global blow molding plastics market is segmented geographically into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In Asia Pacific, the blow molding plastics market is driven mainly by the growth of the packaged food and beverage market and the construction industry. The beverages market in Asia Pacific is likely to grow at a solid rate over the coming years due to the growing acceptance of healthy beverages such as protein shakes and green tea. This is likely to drive the demand for PET bottles, thus driving the demand from the blow molding plastics market. The growing construction industry is also likely to drive the demand from the blow molding plastics market in the region, as PVC is used in a number of applications in new construction, including windows, flooring, electrical wiring, and waterproofing.

The automotive industry is likely to be a key consumer of blow molding plastics in North America, as the automotive industry in the region is looking for lightweight alternatives to conventional car-building materials and is using various plastics in place of steel or aluminum to provide comparable strength at lighter weights.

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List Of Tables:

Table 1 World Population By Major Regions (2016 To 2030)

Table 2 Global Blow Molded Plastics Market: By Region, 2016-2023

Table 3 North America Blow Molded Plastics Market: By Country, 2016-2023

Table 4 Europe Blow Molded Plastics Market: By Country, 2016-2023

Table 5 Asia-Pacific Blow Molded Plastics Market: By Country, 2016-2023

Powder Coatings Industry 2019 Global Market Size, Share, Growth, Trends, 12 Company Profiles and 2023 Future Market Analysis

Powder Coatings Market 2019 Industry report incorporates Powder Coatings Industry Volume, piece of the overall industry showcase Trends, Size, Share, classifications, applications and Cost Structure.

Top Competitive Analysis:

The major players operating in the powder coatings market are PPG Industries, Inc (U.S.), The Valspar Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (India), KANSAI PAINT CO.,LTD (India), Royal DSM (the Netherlands), Arkema (France), Evonik Industries (Germany), TCI Powder (U.S.), The Sherwin-Williams Company (U.S.), and others.

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Intended Audience:

  • Powder Coatings Manufacturers
  • Traders and Distributors of Powder Coatings
  • Production Process Industries
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

Regional Analysis:

Asia Pacific is estimated to be the largest powder coatings market followed by Europe and North America due to strong growth in automotive & transportation and architectural & furniture industry. In Asia Pacific, countries such as China, India and Japan are the fastest growing market for powder coatings, and is predicted to grow with the same pace over the assessment period. Improving living standards coupled with the flourishing growth of construction sector is predicted to contribute to the regional market growth.

In Europe, Germany and UK are predicted to register a strong growth on account of tremendous demand for powder coatings in the automobile sector. In North America, the U.S and Canada are among the major contributors in the regional market growth due to expansion of appliances as well as consumer goods sector. The Middle Eastern and African countries such as Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are expected to witness substantial growth due to increasing foreign investments and shifting of manufacturing base for various end use industries to these region.


The global powder coatings market is classified on the basis of resin type, application, substrate, and region. Based on resin type, the market is segmented into thermoplastic and thermoset. Thermoplastic segment is subdivided into nylon, polyolefin, polyvinyl fluoride (PVF), and polyvinyl chloride (PVC). Thermoset segment comprises of polyester, epoxy, acrylic, polyurethane, epoxy polyester hybrid, and others. Based on application, powder coatings market is segmented into automotive & transportation, architectural & furniture, appliances, consumer goods, and others. Based on substrate, the market is divided into metal and non-metal.

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1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

Global Dioctyl Terephthalate: 2018 Company Profile, Product Specifications, Capacity, Production Value Forecast To 2023

Market Overview:

Market Research Future (MRFR) has launched a new report on the Global Dioctyl Terephthalate Market. The report studies the market’s historical and present statistics in order to come up with reliable forecasts for the market’s likely growth trajectory over the 2018-2023 forecast period. According to the report, the global dioctyl terephthalate market is expected to rise from a 2018 valuation of USD 1,203.2 million to USD 1,864.7 million by 2023 at a CAGR of 9.16%.

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Competitive Dashboard:

Key players profiled in the report Nan Ya Plastics Corporation (Taiwan), Penta Manufacturing Company (U.S.), Merck KGaA (Germany), BASF SE (Germany), Hanwha Chemical Corporation (South Korea), Grupa Azoty (Poland), Meltem Kimya Tekstil San. İth. İhr. Ve Tic. A.Ş. (Turkey), Eastman Chemical Company (U.S.), Shandong Blue Sail Chemical Co. Ltd. (China), Hallstar (U.S.), and OXEA GmbH (Italy).Increasing the production capacity of dioctyl terephthalates is likely to be a popular competitive strategy among players in the global dioctyl terephthalate market over the forecast period.

Dioctyl terephthalate (DOTP) is the diester of terephthalic acid and is widely used as a non-phthalate plasticizer. Its toxicological and physical characteristics, such as high thermal resistance, high transparency, and excellent durability, are well suited for this application. The growing regulatory support to replacing phthalates with more environmentally viable alternatives is likely to drive the global dioctyl terephthalate (DOTP) market over the forecast period. Phthalates have also been linked to a number of diseases ranging from asthma to breast cancer, which has also driven the demand for alternatives. The safer, toxicologically harmless dioctyl terephthalate is thus likely to take their place in the increasingly lucrative consumer goods and plastics markets in the coming years.

Dioctyl Terephthalate Market Top Key Players Latest Innovation News:

BASF SE (BASF) is one of the largest chemical producers that operates through 13 divisions, eight functional units, and seven corporate units. It operates through five business segments—chemicals, performance products, functional materials and solutions, agricultural solutions, and oil & gas. It has a presence in eighty countries and operates through six Verbund sites and 347 additional production sites. It started the production of DOTP at its Pasadena site in Texas, US with an annual capacity of 60,000 tonnes, after closing the production of molten phthalic anhydride in North America. It also started operating an oxo alcohol unit for 2-EH (2-ethylhexanol) at the site, with a rated capacity of 100,000 metric tons, per year.

Eastman Chemical Company (Eastman Chemical) is a leading manufacturer of advanced materials and specialty additives. It operates through four business segments, namely additives & functional products, chemical intermediates, advanced materials, and fibers. It has operations in over 100 countries with around 50 manufacturing centers across the globe. It had assets worth USD 15,999 million, as of 2017, and invested USD 215 million into its research and development activities.

On 21 March 2018, Oxea had an agreement with Oxxynova, Steyerberg, a manufacturer of dimethyl terephthalate (DMT), based in Germany for the production of DOTP. Oxea aims to produce 60,000 metric tons of DOTP, per year in Europe by 2019. The former will supply the key precursor 2-ethylhexanol (2-EH) to Oxxynova and the new production unit will be constructed at Oxxynova’s manufacturing site in Germany.

Hanwha Chemical Corporation (Hanwha Chemical) is one of the leading manufacturers of general-purpose plastics and inorganic chemical products. It operates through five major business segments and they are Dioctyl Terephthalate, polyvinyl chloride, chlor-alkali, polysilicon, and toluene diisocyanate. It offers DOTP under the polyvinyl chloride segment. It is a part of Hanwha Corporation and owns subsidiaries across China, India, Saudi Arabia, Thailand, and Malaysia.

The company owned assets worth USD 11,475 million as of 2016, which increased to USD 12,793 million as of 2017. It has eight production sites across the globe and produces approximately 20,000 metric tons of DOTP, annually.

In March 2018, Grupa Azoty increased its Oxoviflex capacity by 15,000 tons, per year. It will launch a new plant for specialty fertilizers in 2019, given the increasing customer requirements.

Hallstar manufactures chemistry solutions for industrial polymer and beauty and personal care sectors. It offers functional naturals, liquid crystal emulsifiers, biomimetic additives, renewable plasticizers, esters, and phthalate replacements. It has two manufacturing facilities in the US and over 100 distributors spread across Europe, Asia-Pacific, and the Americas. The company owns around 100 patented technology. Some of its famous brands include Paraplex, Plasthall, Hallcote, Quikote, Maglite, and Marinco.

Global Dioctyl Terephthalate Market Segmentation:

The dioctyl terephthalate market is segmented on the basis of product type, application, and region in the report. By product type, the global dioctyl terephthalate market is segmented into content 96%, content 98%, content 99%, and content 99.5%. The highly pure 99% and 99.5% segments are likely to be the major contributors to the market over the forecast period. The 99% segment is likely to exhibit the highest 9.59% CAGR over the forecast period, with the 99.5% segment clocking in a CAGR of 9.07% over the same period.

By application, the DOTP market is segmented into consumer goods, films and sheets, coated fabrics, flooring, medical devices, wires and cables, gaskets, automotive parts, and others. The consumer goods segment is expected to be the major application segment of the global dioctyl terephthalate market over the forecast period due to the growing consumer disposable income in emerging economies around the world. The segment accounted for close to 25% of the market in 2018 and is likely to remain similarly dominant over the forecast period, wherein it is expected to exhibit a CAGR of 10.52% over the forecast period.

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Dioctyl Terephthalate Research Methodology:

Strong primary research is backed up by extensive secondary research in this report to ensure the accuracy of every data point. Leading players in the market are contacted for primary interviews, while reliable industry publications are used for secondary research. Exhaustive analysis is conducted through tried and tested analytical tools in order to provide accurate results for the readers. The accuracy of the data gathered is a matter of prime importance at Market Research Future, and every precaution is taken to ensure the same.

Regional Analysis:

By region, the dioctyl terephthalate market is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific. Asia Pacific, followed by Europe, is expected to be the major contributor to the global dioctyl terephthalate market over the forecast period. The growing consumer goods industry in Asia Pacific is likely to be a key factor in driving the DOTP market in the region over the forecast period. Asia Pacific held 37.8% of the global dioctyl terephthalate market in 2018, while Europe accounted for more than 30% the same year. The Asia Pacific market for dioctyl terephthalates is expected to exhibit a strong CAGR of 8.45% over the forecast period. The extensive REACH regulations in Europe against the use of phthalates are likely to be a major driver for the dioctyl terephthalates market over the forecast period.

Intended Audience:

  • Dioctyl Terephthalate Manufacturers
  • Dioctyl Terephthalate Suppliers and Distributors
  • Potential Investors
  • Raw Material Suppliers
  • Dioctyl Terephthalate Associations
  • End Use Industries

Antimicrobial Additives Industry 2018 Global Market Size, Share, Growth, Trends, 10 Company Profiles and 2023

Global Antimicrobial Additives Market Information by Product (Organic and Inorganic), by application (Construction, Automotive, Food & Beverage, Healthcare, Electronics, and Others) and by End-use (Paints & Coatings, Paper, Plastic, Inks, Silicone & Rubber and Others) – Forecast to 2022

Antimicrobial Additives Industry Top Key Players:

The key players of global Antimicrobial Additives market report include- BASF SE, The Dow Chemical Company, Bayer AG, A. Schulman Inc., Sanitized AG, Clariant AG, Microban International, Biocote Limited, Polyone Corporation, King Plastic Corporation, and Steritouch Ltd.

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Antimicrobial Additives Market Scenario:

Hygiene issues have become more and more relevant in the last few years due to the increasing population and difficulty in finding a solution to reduce the problems with microbial contaminations. Antimicrobial are used to control the growth of bacteria in surfaces, such as plastics and other materials. The market for antimicrobial additives has been developing steadily, with the largest market share for the healthcare industry.

Apart from healthcare it also used in food & beverages, construction, automotive, electronics, among others. In healthcare, it is used in integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, etc. In food & beverages industry it is used to avoid infection from packaged and processed food. The increasing awareness about hygiene and safety has augmented the market for such additives.

Antimicrobial Additives Market Scope:

This study provides an overview of the global antimicrobial additives industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global antimicrobial additives market as product, application and end-use

Regional Analysis of Global Antimicrobial Additives Market:

North America and APAC are seen as well-established markets for these additives in almost all the industries such as food & beverages, healthcare, construction among others. The market is expected to show steady growth over the forecasted period.

APAC is the largest and fastest growing market for antimicrobial additives, followed by North America and Europe. The share of APAC is attributed to the rapid urbanization and population growth. The region is seen with increased investment in infrastructure and healthcare sector to support the economic development and changing lifestyles. This further fuels the demand for such additives in construction and healthcare industries.

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Study Objectives of Antimicrobial Additives Market :

  • To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Antimicrobial Additives Market
  • To provide insights about factors affecting the market growth
  • To analyze the Global Antimicrobial Additives Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW)

Company Information:

  • Profiling of 10 key market players
  • In-depth analysis including SWOT analysis, and strategy  information of related to report title
  • Competitive landscape including emerging trends adopted by major companies

Additional Information

  • Regulatory Landscape
  • Pricing Analysis
  • Macroeconomic Indicators

Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Target Audience

  • Manufactures
  • Raw Materials Suppliers
  • Aftermarket suppliers
  • Research Institute / Education Institute
  • Potential Investors

Global Advanced Composites Market 2019 Size, Top Manufacturers, Business Growth Strategies, Emerging Trends, Detailed Research Report Forecast |MRFR

Global Advanced Composites Market Information- by Resin Type (Thermosets and Thermoplastics), by Application (Aerospace, Transport, Electronics, Sports, Energy, Construction and Others), Forecast till 2023

Top Players:

3M company (U.S.A.), Axalta Coating Systems, LLC (U.S.A.), PPG industries (U.S.A.), TEIJIN LIMITED (Japan), Koninklijke Ten Cate bv (the Netherlands), Hexcel Corporation( U.S.A.), Toyota Motor Corporation( Japan), Cytec Solvay Group( U.S.A.), Hexcel Corporation( U.S.A.), and some of the other players at the forefront of competition in the Global Advanced Composite Market and are profiled in MRFR Analysis.

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Advanced Composite Market Overview:

Advanced composites are a combination of polymer inserted in the resin matrix. These composites are also known as advanced polymer matrix composites are lightweight material with high strength and modulus to elasticity. Application scope of advanced composites covers range of applications including aerospace, transport, electronics, sports, energy, construction and others.

These composites offers high strength-to-weight ratio and increased heat resistance, which makes them highly favorable in aerospace & defense, sporting goods, and transportation industries and driving the growth of this market. One of the major property associated with advanced ceramic is they are light weight and help in increasing fuel efficiency.

Therefore vehicles produced using advanced composites provides structural stability. The trend for light weight vehicles in the automotive industry is expected to fuel demand for advanced ceramic as they are light weight and are suitable for the trending applications. Due to this trend, aerospace and defense industry to offer higher gains for the advanced composites in the coming years

Industry/ Innovation/ Related News:

February 1, 2017 – Liberty Hall Capital Partners Acquires Quatro Composites. Liberty hall is a private equity firm focused on exclusively on investment in business serving the global aerospace and defense industry. The company has announces the acquisition of Quatro Composites, L.L.C., which is one of the leading supplier of engineered advanced composites.  The transaction detail hast not disclosed, but the overall activity expected to provide growth offering in aerospace and deference sector, which is the major application sector. 

December 13, 2017 – Trelleborg finalizes acquisition of advanced composite components manufacturer and expands capabilities globally. Trelleborg, is a foremost leader in engineered polymer solutions confirms the acquisition of Automated Dynamic, an advanced composite components manufacturer. The transaction undertaken in exchange of USD 7.8 million and is considered as the one of the most recent key development witnessed in this market. Trelleborg is one of the leader in advanced composites which has more than 25 production facilities and 50 marketing networks across the globe.  The acquisition activity has been undertaken by eying the stronger global penetration in advanced composites market. With increasing production facilities of their own group, the company expected to further adopt several strategic alliances.

November 12, 2017 – Solvay and Strata sign final agreement for United Arab Emirates’ first aerospace materials joint venture. Solvay, an international materials and chemicals company, and Strata, an advanced composite aero structures manufacturing facility, have formalized their Joint Venture (JV) to supply Boeing with advanced composite materials from a high-tech facility to be built in Al Ain. The equal ownership joint venture will be the UAE’s first supplier of pre-impregnated carbon fibers, also referred to as “prepreg”. This durable advanced material is used to manufacture composite structures for aviation applications, including Boeing’s latest generation aircraft, the 777X.

April 21, 2017- Asbury Graphite Mills and ZePR formed new joint venture for advance composites as Titan Advanced Composites. As both of the companies are the privately held companies, the joint venture details not been disclosed. However, such collective efforts to cater the ongoing demand of advanced composites.

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Advanced Composite Market   Regional Analysis:

North America emerged as the largest market for advanced ceramics followed by Asia Pacific and Europe. The U.S. is among the one of the prominent market across the globe and has generated largest revenue growing at highest CAGR. Increasing use of advanced composites in the transportation, aerospace & defense, and wind energy industries is the major factor driving the growth in this region and likely to further drive the regional demand.

Polyolefins Market 2019 Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2023

The Global Polyolefins Market Has Been Growing At The Cagr Of ~6.49 % From 2017 And Is Expected To Continue The Same Till 2023.

Polyolefins Market Highlights

Although polyolefins have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of polyolefins market. This has also resulted in the development of newer and improved application and performance properties; polyolefins that are fast, easy, and low cost are in demand. Such newly developed polyolefins include fast curing polyethylene and polypropylene and others.

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Polyolefins Key Market Manufacturers

W.R. Grace, LyondellBasell Industries Holdings, B.V, E. I. du Pont de Nemours and Company, PetroChina Company Limited, PolyOne Corporation, Arkema SA and SABIC

The global polyolefins market is expecting a potential growth in coming years. The major factors that influenced the demand for polyolefins are wide range of applications, growth in packaging industry, increasing demand from construction industry and growing Asia-Pacific region. Whereas, factors that are hindering the growth of polyolefins market are increasing demand – supply gap, fluctuation in crude oil prices and stringent environmental regulations on non-biodegradable plastic residues challenging market growth. Major ongoing opportunities and trends in polyolefins market are Increasing Popularity of green and natural polyolefins, increasing demand for bio-based polyolefin and increasing demand from FMCG and plastic packaging industries.

Polyolefins Market Segmentation Analysis

The global polyolefins market has been segmented into type, application and end user. Among types, the market has been divided into polyethylene, polypropylene and others. Polyethylene has accounted the largest market in terms of value and volume. This market was valued at USD 96.6 billion in 2016 which is projected to reach USD 148.6 billion by 2023 with a CAGR of 6.45%. The major reason behind this exponential growth is that PE is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets. Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others. In the global polyolefin market, polyethylene holds a largest market share of 46% in 2016.

Polyolefins Regional Analysis

The APAC region is the largest consumer of polyolefins such as polyethylene and polypropylene in the world which has accounted around 47% of market in 2016. Within this region, the polyolefins market is wholly dominated by China which represents 45% of the total market volume in 2016. Demand for PP and PE from India accounted for 19% of the total demand, hence, the Indian market will come up with ample growth opportunities owing to the investments, big giants entering into Indian market and strong dominance of domestic players with respect to production, while Japan represents 23% of the market in terms of volume. Because of its strong, growing middle class, the entire region is a significant market for end markets that use polyolefins, including packaging, consumer goods and FMCG and textile. Japan, Australia, and South Korea are the most developed countries in the APAC region and have mature growth outlooks.

China is the one of the largest economy in the world and is still growing at a rapid pace. China is making deliberate efforts to boost various industries including packaging, consumer good, retail, automotive, automotive and consumer products; growing industrial activity has resulted in increasing demand for polyolefins. Currently, China is the single largest market for polyolefins, accounting more than 45% of the total market in APAC.

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Polyolefins Market Segmentation

By Types

  • Polyethylene (PP) – HDPE, LDPE, LLDPE
  • Polypropylene (PP)
  • Others

By Application

  • Film & Sheets
  • Blow Molding
  • Injection Molding
  • Fibers
  • Others

By End User

  • Packaging
  • Automotive
  • Construction
  • Pharmaceuticals/Medical
  • Electronics & Electricals

Polyurethane Market 2019 to 2022 Industry Share, Growth, Statistics, Competitor Landscape, Key Players Analysis, Trends and Forecasts

MRFR Press Release/- Market research future published a Cooked research report on global Polyurethane market. The Global Polyurethane market is expected to grow with CAGR of 6.51% during the period to 2023- 

Polyurethane Market Overview:

The global polyurethane market is increasing with the impulsive pace; mainly due to the burgeoning construction industry. According to a recent study report published by the Market Research Future, The global market of Polyurethane is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023). 

Rapid increase in construction activities owing to the global construction market is expected to grow at a faster pace than world GDP over the next decade as Asian economies continue to industrialize and the US recovers from the sharp downturn during the global financial crisis is fuelling the polyurethane market in the forecast period.

Global Leaders:

BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer AG (Germany), SEKISUI CHEMICAL CO.,LTD (Japan), Huntsman International LLC (U.S.), Rogers Corporation (U.S.), Tosoh Corporation (Japan), Reticel NV (Belgium), Woodbridge Foam Corporation (Canada), and Foamcraft, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Polyurethane Market.

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Industry/ Innovation/ Related News:

September 2017 – BASF SE (Germany), one of the key manufacturers of Polyurethane also having presence in Thailand, announced that one stop solution (Autofroth®) from the company makes polyurethane foam production at increased speed coupled with cost economizing the process. This helps the industries to speed up their processes and meet the global demands more rapidly. As Asia Pacific is the largest manufacturer of polyurethane materials and by this innovation it is anticipated to boost the market growth in the forecast period.

September 2017 – The Dow Chemical Company (U.S.), is the major manufacturer of polyurethane materials in the world, has announced its new product (VORASURF™) polyurethane additives will benefit consumer satisfaction and energy conserving markets to help meet growing demand for high-performance materials in bedding, footwear and spray foam. As the furniture industry is booming in the U.S. region and coupled with rising disposable incomes are the factors favouring the growth of polyurethane market over the forecast period.

September 2017 –  The Dow Chemical Company (U.S.), is the major manufacturer of polyurethane materials in the world, a business unit of DowDuPont Materials Science Division, has announced a cooperation agreement with Germany-based plant manufacturer H&S Anlagentechnik to produce the market for recycled polyols manufactured from disposed mattresses. The polyols recycled through the process can be applied into a variety of polyurethane applications.

The move comes as the European bedding industry is assessing the impact of the European Commission’s 2015 Circular Economy Package, comprising new waste management targets for reuse, recycling and landfilling, strengthening provisions on waste prevention and extended producer responsibility. Also, this move creates a stronger competition between the key players resulting into innovation of better new products under the projection of changing environmental regualations.

Polyurethane Industry Regional Insights:

The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Polyurethane market is dominating market over the forecasted period. Rapid industrializations, favorable government regulations and increase in per captia income will significantly grow the Polyurethane market in emerging economies such as China, India and Japan.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

U.S is dominating segment owing to key players in these regions has shifted their production in developing regions to trapped the competitive market. Automobile sector in these region is growing rapidly which led to rise in product segment in these regions. Manufacturers are adopting low cost technology along with lightweight materials like flexible foams in order to increase fuel efficiency. 

North America and Europe region being prominent players in automobile and consumer appliances drive the insulators and sealants for energy efficiency in polyurethane market over the forecasted period.

Polyurethane Product Segment:

On basis of product, Polyurethanes are segmented into rigid foam, flexible foam, adhesives & sealants, coatings, elastomers and other products. Rigid foam is widely used in insulations to increase building energy efficiency. These key properties helping the rigid foam market to grow in coming years. Flexible foams are expected to dominate the product demand owing to easy insulation in electronic appliances and construction industry. Elastomers possess high flexibility and strong impact & shock resistance which widely used in high performance materials. Thus, it is being emerging as faster growing segment in end user industries. Innovation in coatings and development of bio based polyurethane is anticipated to drive the demand in developed regions.

Polyurethane Market End User Industry Analysis:

Construction market is dominating market owing to growing infrastructure activities, rapid industrialization and increase in government spending in emerging economies such as China and India. Moreover, increasing government spending to improve public infrastructure in order to increase tourism and trading is propelling the demand of polyurethane across the end user industry. Further, increase in consumer spending in interiors and furniture which is also consuming product in upholstery and other applications drives the polyurethane market growth.  Rise in population has led to increase in usage of vehicles. Thus, automotive market witnessed a significant growth owing to increase in artistic appeal automobile body parts in vehicles. Metals used in vehicles to provide structural strength along increase the energy saving with fuel efficiency has driven the polyurethane market in this segment.

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Major Findings:

  • The global Polyurethane market is expected to reach USD 81,700.6 million by 2022
  • Regionally, Asia-Pacific has the largest market of USD 28,111.2 million by 2022
  • China accounted for the largest market share of 54.00% in 2014, with a market value of USD 9,710.6 Million is projected to grow at the highest CAGR of 6.94% during the forecast period. Japan was the second-largest market in 2014, valued at USD 4,495.7 Million in 2014; it is projected to grow at a CAGR of 6.69%.
  • Construction segment accounted for the largest market share registering CAGR of 7.07% during the forecasted period.
  • On basis of type segment, Rigid Foam holds the market share of 31% in 2015

 Intended Audience:

  • Polyurethane manufacturers
  • Traders and distributors of Polyurethane
  • Production Process industries
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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