#Aerospace Foam Market Chemicals and Materials
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Aerospace Foam Market Surge to Witness Huge Demand at a CAGR of 6.20% during the forecast period 2028
Industry Analysis
Data Bridge Market Research analyses that the aerospace foam market will witness a CAGR of 6.20% for the forecast period of 2021-2028 and is likely to reach at USD 10.41 billion by 2028.
Aerospace foam is a high-performance insulating substance that provides cushioning, support, and structural support to the regions where it is employed. These materials give protection against undesirable vibrations, improve insulation, and increase comfort by increasing cushioning levels.
Additionally, the credible Aerospace Foam Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Chemical and Materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Market Insights and Scope
The rise in the demand for lightweight and fuel-efficient aircraft is the major driver that will influence the growth of aerospace foam market. Furthermore, the rise in the volume of air traffic and airways travelling population coupled with the increasing disposable income will accelerate the aerospace foam market growth rate. In addition to this, upsurge in the demand for flame retardant and customizable foams for different application areas and rapid urbanization will positively impact the market growth rate.
The Aerospace Foam Market report encompasses various segments linked to Chemical and Materials industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.
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Industry Segmentation and Size
Aerospace foam market is segmented on the basis of type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of type, the aerospace foam market is segmented into PU foam, PE foam, ceramic foam, melamine foam, metal foam, PI foam, PET foam, PVC foam, specialty high performance foam and others.
On the basis of application, the aerospace foam market is segmented into aircraft seats, aircraft floor carpets, flight deck pads and overhead stow bins.
On the basis of end use, the aerospace foam market is segmented into general aviation, commercial aviation and military aircraft.
Market Country Level Analysis
The countries covered in the aerospace foam market report are
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
A reliable Aerospace Foam Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Chemical and Materials business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Industry Share Analysis
The major players covered in the aerospace foam market report are
BASF SE, Armacell, Boyd Corporation, Evonik Industries AG, ERG Aerospace Corp., SABIC, Zotefoams plc, Solvay, Fritz Nauer AG, UFP Technologies, Inc., NCFI Polyurethanes, DuPont, Recticel, Rogers Corporation, Huntsman International LLC, Aerofoam Industries, LLC, Technifab, Inc., Forest City Technologies, Inc., Pyrotek, Greiner Foam International GmbH, SINFO, spol. s r.o., Airex AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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#Aerospace Foam Market Popularity#Aerospace Foam Market Global Brands#Aerospace Foam Market drivers#Aerospace Foam Market CAGR rate#Aerospace Foam Market Demands#Aerospace Foam Market Competitors#Aerospace Foam Market Competition#Aerospace Foam Market Types#Aerospace Foam Market Chemicals and Materials
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Navigating the Aerospace Foam Market Landscape: Key Players and Strategies
According to a comprehensive study conducted by Next Move Strategy Consulting, the global Aerospace Foam Market is poised to witness significant growth, with a predicted size of USD 10.1 billion and a compound annual growth rate (CAGR) of 5.8% by the year 2030.
This projection underscores the pivotal role that aerospace foam plays in shaping the trajectory of the aerospace industry, providing lightweight, durable, and innovative solutions to meet the evolving demands of modern aviation and space exploration.
Introduction:
The aerospace industry stands at the forefront of technological innovation, constantly pushing boundaries to enhance efficiency, safety, and performance. Central to this evolution is the integration of advanced materials, with aerospace foam emerging as a critical component in the pursuit of lightweight structures and enhanced functionalities.
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Aerospace Foam Market Dynamics:
Understanding the dynamics of the aerospace foam market requires a closer look at the key players shaping its landscape. A multitude of factors, including technological advancements, market trends, and regulatory considerations, influence the strategies adopted by industry leaders.
Key Players in the Aerospace Foam Market:
Several prominent market players contribute to the growth and innovation within the aerospace foam market. Notable names such as BASF SE, Evonik Industries AG, Solvay, Greiner Aerospace, Boyd Corporation, Huntsman Corporation, Armacell, Pyrotek Inc., Zotefoams Plc, and General Plastics Manufacturing Company are among the industry giants actively engaged in developing and delivering cutting-edge solutions.
Strategies for Market Dominance:
Aerospace foam market players employ various strategies to maintain dominance and meet the ever-evolving needs of the industry. One common approach is the continuous launch of new and innovative products across different regions, enabling companies to stay ahead of the competition and cater to diverse market demands.
Strategic Partnerships: A notable example is the strategic partnership between Solvay and Zotefoams Plc. In June 2023, the two entities entered into a long-term supply agreement to enhance the availability of advanced cellular materials, including foams. This collaboration serves as a strategic move to address the growing demand for high-performance materials in critical applications, especially within the aerospace sector.
Innovative Product Launches: The aerospace industry demands materials that can withstand rigorous conditions while being lightweight and efficient. In May 2023, Huntsman Corporation announced the development of new materials specifically designed for aerospace applications. This innovation aims to meet the demanding requirements of the aerospace industry, focusing on enhancing performance and efficiency. The introduction of these materials underscores Huntsman's commitment to advancing technology in the aerospace foam market.
Strategic Investments: Evonik Industries AG, in March 2022, made a significant investment in a new production facility for Rohacell, a high-performance structural foam. This investment signals a commitment to advancing aerospace foam technology, catering to the increasing demand for lightweight and durable materials in the aerospace industry.
Market Trends and Future Outlook:
To navigate the aerospace foam market landscape effectively, it is crucial to stay abreast of emerging trends that influence industry dynamics. Key trends include:
Sustainability Initiatives: The aerospace industry is increasingly prioritizing sustainability, pushing market players to develop eco-friendly foam solutions that align with global environmental goals.
Digital Transformation: The integration of digital technologies is transforming manufacturing processes and supply chain management within the aerospace foam market, enhancing efficiency and reducing costs.
Urban Air Mobility (UAM): The rise of UAM presents new opportunities for aerospace foam market players, with the demand for lightweight materials in electric vertical takeoff and landing (eVTOL) vehicles.
Regional Insights and Market Segmentation:
The aerospace foam market is inherently diverse, with different regions exhibiting unique challenges and opportunities. Understanding regional dynamics and market segmentation is crucial for companies aiming to establish a global presence.
BASF SE: As one of the leading players in the aerospace foam market, BASF SE continually strives for innovation. An in-depth exploration of the company's strategies, product launches, and market influence provides valuable insights into its role within the industry.
Boyd Corporation: Examining Boyd Corporation's approach to market challenges, product development, and strategic partnerships sheds light on how this player maintains its competitive edge.
Challenges and Opportunities:
Navigating the aerospace foam market landscape is not without its challenges. From stringent industry regulations to evolving consumer preferences, companies must be agile in addressing obstacles while seizing opportunities for growth.
Supply Chain Disruptions: Global events such as pandemics, natural disasters, or geopolitical tensions can disrupt the aerospace foam supply chain, impacting production schedules and increasing costs. Companies need robust contingency plans to mitigate the effects of such disruptions and ensure continuity of operations.
Technological Complexity: Developing advanced aerospace foam solutions requires significant investment in research and development. Companies must navigate the complexities of material science, manufacturing processes, and regulatory compliance to bring innovative products to market successfully.
Competition from Alternative Materials: While aerospace foam offers unique advantages in terms of weight reduction and performance, it faces competition from alternative materials such as composite materials, lightweight metals, and 3D-printed components. Companies must differentiate their offerings and demonstrate the superior benefits of foam-based solutions to maintain a competitive edge.
Environmental Sustainability: The aerospace industry is under increasing pressure to reduce its environmental footprint and embrace sustainable practices. Companies in the aerospace foam market must innovate to develop eco-friendly foam materials that minimize environmental impact while meeting stringent performance requirements.
Future Outlook:
Despite these challenges, the aerospace foam market presents significant opportunities for growth and innovation. Advancements in material science, manufacturing technologies, and market demand for more efficient and sustainable solutions are driving the evolution of the industry.
Emerging Markets: Rapid urbanization, economic growth, and increased air travel demand in emerging markets present new opportunities for aerospace foam manufacturers. Companies that can adapt their strategies to cater to the specific needs of these markets stand to gain a competitive advantage.
Integration of Advanced Technologies: The integration of advanced technologies such as artificial intelligence, machine learning, and additive manufacturing is revolutionizing the aerospace foam industry. Companies that embrace these technologies can enhance product development processes, optimize production efficiency, and deliver tailored solutions to customers.
Collaboration and Partnerships: Collaboration between industry stakeholders, including manufacturers, suppliers, research institutions, and government agencies, is essential for driving innovation and addressing common challenges. Strategic partnerships can leverage complementary expertise and resources to accelerate product development and market penetration.
Focus on Customer-Centric Solutions: As aerospace OEMs and end-users increasingly prioritize performance, reliability, and cost-effectiveness, companies in the aerospace foam market must focus on delivering customer-centric solutions. Understanding and anticipating customer needs, preferences, and pain points are critical for maintaining competitiveness and driving long-term growth.
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Conclusion:
In conclusion, the aerospace foam market is a dynamic and rapidly evolving sector within the broader aerospace industry. Key players are instrumental in shaping its trajectory through strategic partnerships, innovative product launches, and investments in advanced technologies. As the demand for lightweight, durable materials continues to rise, the aerospace foam market's future holds exciting possibilities, providing ample opportunities for companies to pioneer advancements and contribute to the next era of aerospace innovation.
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Eco-friendly Innovations Propel Industrial Foam Market Toward Sustainable Growth on Global Scale by 2033
Overview and Scope
Industrial foam is an expanded plastic and rubber created by forcing gas bubbles into a polymer material. Industrial foam is highly-efficient for insulation against water, air, chemical substances, and adhesives. Industrial foam is used as padding for several consumer and business products, such as mattresses, furniture, car interiors, carpet underlay, and packaging.
Sizing and Forecast
The industrial foam market size has grown strongly in recent years. It will grow from $63.14 billion in 2023 to $68.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.
The industrial foam market size is expected to see strong growth in the next few years. It will grow to $91.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Segmentation & Regional Insights
The industrial foam market covered in this report is segmented –
1) By Foam Type: Flexible, Rigid
2) By Resin Type: Polyurethane, Polystyrene, Polyolefin, Phenolic, PET, Other Resin Types
3) By End-Use: Building And Construction, HVAC, Industrial Pipe Insulation, Marine, Aerospace, Industrial Cold Storage, Others End-Uses
Asia-Pacific was the largest region in the industrial foam market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing demand for energy-efficient and lightweight materials is expected to propel the industrial foam market. Lightweight materials are manufactured using lightweight raw materials that directly reduce the weight of the material while maintaining its performance. Industrial foam is a type of lightweight material made up of tiny cells filled with gas or air and used in applications such as insulation, packaging, and construction.
Key Industry Players
Major companies operating in the industrial foam market report are Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, Sekisui Chemical Co. Ltd., Saint-Gobain S.A., Chemtura Corporation, Recticel N.V, Rogers Corporation
The industrial foam market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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.
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Melamine Market : A Look at the Industry's Growth Drivers and Challenges
The global melamine market size is expected to reach USD 2,578.4 million by 2030 according to a new study by Polaris Market Research. The report “Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Melamine is a natural chemical that is frequently mixed with formaldehyde to generate this resin, a synthesized material that is fire and heat-resistant. Increasing the application of products for flooring, whiteboards, flame retardant materials, tableware, and industrial filters is expected to boost the product demand over the forecast period.
Furthermore, a rise in investments in research & development, as well as a growth in need from developing markets, are expected to generate lucrative possibilities for the industry throughout the projection period. The construction end-use segment is expected to hold the largest industry share over the forecast period due to increasing global construction activities. Increasing demand for construction applications including laminates, wood adhesives, surface coatings, concrete plasticizers, molding compounds, and others are expected to fuel the segment growth.
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Asia Pacific is expected to dominate the global industry over the forecast period due to increasing construction activities, growth in the automobile sector, along increasing disposable income of people. The demand in Europe is expected to increase over the forecast period due to the increasing demand for decorative wood panels along with the growth in the automotive industry in Germany.
Key players of the market include BASF SE, Allnex Belgium S.A., Borealis AG, Chemiplastica SP, Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), Cornerstone Chemical Company, Henan Zhongyuan Dahua Group Co Ltd., Haohua Junhua Group Co., Ltd., Methanol Holdings (Trinidad) Limited, Mitsui Chemicals Inc, Nissan Chemical Industries. Ltd., Mevion Medical Systems, Sichuan Golden Elephant Chemical Co, Sichuan Chemical Holdings Co. Ltd., and Xinji Jiuyuan Chemical Co. Ltd.
Polaris Market Research has segmented the melamine market report on the basis of type, application, end-use, and region:
Melamine, Type Outlook (Volume - Kiloton, Revenue – USD Million, 2018 - 2030)
Melamine Resin
Melamine Foam
Melamine, Application Outlook (Volume - Kiloton, Revenue - USD Million, 2018 - 2030)
Laminates
Wood Adhesives
Molding Compounds
Paints & Coatings
Others
Melamine, Application Outlook (Volume - Kiloton, Revenue - USD Million, 2018 - 2030)
Construction
Automotive
Chemical
Textile
Others
Melamine, Regional Outlook (Volume - Kiloton, Revenue - USD Million, 2018 - 2030)
North America
S
Canada
Europe
Germany
UK
Italy
France
Spain
Austria
Netherlands
Asia Pacific
China
Japan
India
Indonesia
Malaysia
South Korea
Latin America
Brazil
Argentina
Mexico
Middle East & Africa
Israel
Saudi Arabia
South Africa
UAE
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Unlocking the Secrets of Foam Testing: Why it Matters for Your Products
In the world of manufacturing and product development, ensuring the quality and performance of your goods is paramount. One often-overlooked aspect that plays a crucial role in this process is foam testing. Unlocking the secrets of foam testing can be a game-changer for your products, and understanding its significance can make a substantial difference in the success of your business.
The Foam Testing Lab: Where Secrets are Revealed
At the heart of foam testing lies the Foam Testing Lab – a specialized facility equipped with state-of-the-art instruments and knowledgeable experts. These labs are dedicated to unraveling the mysteries of foam, examining its structural integrity, thermal stability, and overall performance. Maeon Laboratory, a leading material testing lab in the industry, has been pioneering breakthroughs in foam testing, offering insights that elevate product quality.
Why Foam Testing Matters: Quality and Performance
Durability and Longevity:
Foam is a common component in a myriad of products, from cushions and mattresses to packaging materials. Understanding how it withstands wear and tear is essential for ensuring the durability and longevity of your products.
Safety Compliance:
Foam plays a crucial role in safety, particularly in industries like automotive and aerospace. Testing its fire resistance, toxicity levels, and reaction to extreme conditions is vital for meeting safety standards and regulations.
Optimal Performance:
For products like sports equipment or medical devices, the performance of foam is directly tied to user experience. Foam testing helps in optimizing its properties to ensure peak performance, whether it be shock absorption or pressure distribution.
Balancing Act: Tradeoffs in Foam Testing
Foam testing involves a delicate balance between various factors, and understanding these tradeoffs is crucial for making informed decisions.
Density vs. Softness:
Adjusting foam density impacts its firmness and support. However, finding the right balance between density and softness is a challenge, as increasing one may compromise the other.
Cost vs. Quality:
While high-quality foam can enhance product performance, it often comes at a higher cost. Manufacturers face the challenge of finding a balance between delivering top-notch products and maintaining cost-effectiveness.
Challenges in Foam Testing Approaches
Environmental Impact:
Traditional foam testing methods often involve the use of chemicals and materials that can be harmful to the environment. Exploring eco-friendly alternatives without compromising accuracy poses a challenge for researchers.
Complexity of Foam Structures:
Foam comes in various structures and compositions, making it challenging to develop a one-size-fits-all testing approach. Tailoring tests to specific foam types requires a nuanced understanding of material science.
Considerations for Decision-Making: Impact on the Bottom Line
Every decision in unlocking the secrets of foam testing has a direct impact on the bottom line. Companies must weigh the costs of extensive testing against the potential benefits of enhanced product quality. Maeon Laboratory, with its commitment to innovation, assists businesses in making informed decisions that align with their goals.
In conclusion, unlocking the secrets of foam testing is not just about understanding the material; it's about making strategic decisions that influence the quality, performance, and market success of your products. With Maeon Laboratory, the journey into the world of foam testing becomes an opportunity to revolutionize your manufacturing processes and elevate your products to new heights.
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Core Material Market Global Industry Share & Size Analysis
Core Material Market, By Type (Foam, Honeycomb, and Balsa), End-use Industry (Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
Global Core Material market is anticipated to reach USD 1.5 billion in 2021 growing at a CAGR of 13.8% during the forecasting period, 2021-2028.
Core material are made from paper, polymeric foam, or woods like materials which are highly inflammable. These materials are fully covered with insulated materials and are thus not directly exposed to fire. Aluminium core used for covering will make the core material initially unaffected to fire but will eventually melt down.
Due to surge in demand form wind energy industry and use of composites in aerospace industry are some of the factors that have supported long-term expansion for Core Material industry.
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Key Findings
Global Core Material market is segmented into Type, End-use Industry and geography.
Type segment is segmented into Foam, Honeycomb, and Balsa
End-use Industry segment is segmented into Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial
Geographically, global Core Material market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
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Competitive Landscape
Key players in global Core Material market are 3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell International S.A. (Luxembourg), Euro-Composites S.A. (Luxembourg), Changzhou Tiansheng New Materials Co. Ltd. (China), and The Gill Corporation (US) among others.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Core Material market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Multi Metal Aluminum Sandwich Panels Market to See Booming Growth Worldwide by 2027
According to the report published by Allied Market Research, the Multi-Metal Aluminum Sandwich Panels Market by Metal (Aluminum, Steel, Titanium, and Other), Foam Material (With Foam and Without Foam), and Application (Aerospace, Architectural, Construction, Locomotive & Automotive, Marine, Industrial, Chemical, Oil & Gas, and Other): Global Opportunity Analysis and Industry Forecast, 2020-2027. The global multi-metal aluminum sandwich panels industry was pegged at $7.5 billion in 2019, and is expected to hit $11.4 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027. The report offers an in-depth analysis of the key investment pockets, market player positioning, drivers & opportunities, and business performan
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Leading market players profiled in the report include Arcelormittal, Fischer Profil, Kingspan, Metecno, Isopan, Isomec, Gcs, Jingxue, Marcegaglia, and Dana Group.
Rise in demand for the fast and economic construction techniques and surge in the construction industry fuel the growth of the global multi-metal aluminum sandwich panels market. On the other hand, fluctuating costs of raw materials curtails down the market growth. However, increase in awareness for energy-efficient infrastructure is expected to present new opportunities in the approaching time.
Covid-19 Scenario
The covid-19 outbreak resulted in suspension the production of multi-metal aluminum sandwich panels owing to unavailability of workers, shortage of raw materials, disrupted supply chain, and restrictions to curb the spread.
The industry has also undergone a declined demand for multi-metal aluminum sandwich panels, due to terminated operations in the end-using industry including automotive and construction.
At the same time, the government bodies have implemented certain relaxations to aid the industry in order to continue their processes. However, the second wave of the pandemic has immensely affected several regions, and government bodies are further implementing lockdowns.
The global multi-metal aluminum sandwich panels market is studied on the basis of metal, foam material, application, and region. Based on foam material, the with foam segment held the highest market share in 2019, with more than four-fifths of the global market in 2019, and is expected to maintain its dominance status during the forecast period. Furthermore, this segment is also expected to manifest the largest CAGR of 7.1% from 2020 to 2027.
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Based on metal, the aluminum segment dominated with highest share in 2019, holding for around two-thirds of the global market, and is estimated to maintain its lead position during the forecast period. In addition, the segment is also expected to manifest the fastest CAGR of 7.3% from 2020 to 2027.
Based on region, the market is studied across Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region accounted for the highest market share in 2019, holding for nearly half of the global market, and is projected to lead the trail by 2027. However, this region is also projected to witness the highest CAGR of 8.7% during the forecast period.
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Syntactic Foam Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies: Royal DSM, 3M, Hexcel Corporation, Cytec Solvay Group
New York, Global Syntactic Foam Market report from Global Insight Services is the single authoritative source of intelligence on Syntactic Foam Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Syntactic foam is a type of plastic that is filled with tiny spheres of glass or ceramic. The spheres increase the strength and stiffness of the foam while reducing its weight. Syntactic foam is often used in marine applications, such as in the hulls of boats and submarines, because of its high strength-to-weight ratio.
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Key Trends
The key trends in Syntactic Foam technology are the development of new materials and the improvement of manufacturing processes. The most significant trend is the development of new materials that are lighter and stronger than the traditional materials used in Syntactic Foam. This has led to the development of new manufacturing processes that are more efficient and produce a higher quality product. The most significant trend is the development of new materials that are lighter and stronger than the traditional materials used in Syntactic Foam. This has led to the development of new manufacturing processes that are more efficient and produce a higher quality product.
Key Drivers
The key drivers of the Syntactic Foam market are its lightweight, high strength-to-weight ratio, and low density. These properties make it ideal for use in a variety of applications, including marine, aerospace, and automotive. Other drivers include its resistance to chemical and thermal degradation, and its ability to be molded into complex shapes.
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Market Segments
By Matrix Type
Metal Matrix
Ceramic Matrix
Polymer Matrix
Hybrid Matrix
By Foam
Block
Sheet & Rod
By Application
Marine & Subsea
Aerospace & Defense
Sports & Leisure
Automotive & Transportation
Others
Key Players
Royal DSM
3M
Hexcel Corporation
Cytec Solvay Group
Dow Chemical Company
BASF SE
ALSEAMAR
Trelleborg AB
Diab
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Thermal Insulation Material Market Size, Share, Demand & Trends by 2031
Increasing demand from the construction and automotive industries for temperature control and energy efficiency is expected to fuel the demand for thermal insulation material. According to a new study by Future Market Insights (FMI), the market for thermal insulation material is set to rise steadily with a CAGR of over 4% through the end of the projection period in 2031.
The global demand for thermal insulation materials has rapidly gained traction owing to concerns associated with energy conservation. Strict government regulations associated with emissions from construction and automotive sector operations will drive long-term demand.
In building operations, thermal insulation also provides benefits in supporting auxiliary building structures including roofs and flooring. Niche applications in aerospace structures in addition to investments into smart city infrastructure are providing impetus to investments into product research & development, with a focus on material and design.
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End-user specific customization of product offerings on the basis of density, thermal conductivity, thickness and more will influence developments in the market for the foreseeable future. The growing demand for thermal insulation materials, particularly from emerging economies will offer key growth opportunities.
On the other hand, the volatility in the pricing of raw material will challenge the growth of market participants. Market vendors are more likely to focus on the growth prospects in the fast-growing segments, while consolidating their positions in relatively slower-moving products.
Key Takeaways of Thermal insulation material Market Study
Thermal insulation material sales to increase at above 4% CAGR through the assessment period.
Backed by strong demand from the building and construction sector, insulation for 1ºC to 100ºC will hold the lead in 2021.
Continuing issues in terms of energy supplies in the U.K. and Germany markets to register higher growth.
United States is projected to record strong demand driven by rising applications in automotive sector.
China will emerge as a high potential market, with investments in urbanization and manufacturing efforts in the country.
“Thermal insulation materials find widespread applications in spacecraft, buildings, clothing, mechanical systems, and in automotive offerings among others. Customization on the basis of specific heat capacity, thickness, surface emissivity, thermal bridging, thermal conductivity, and density will support demand as per the requirements of the target area,” Says an FMI analyst.
Who is Winning?
The global thermal insulation material market can be considered as moderately consolidated, with a few leading players accounting for a prominent share of the overall thermal insulation material market. Manufacturers are increasingly focused on investments into research and development aimed towards new product launches.
Key market participants including BASF SE, Asahi Kasei Corporation, Rockwool International A/S, E. I. du Pont de Nemours and Company, Bayer AG, Berkshire Hathway (Johns Manville), Dow Chemicals Company, Owens Corning, Saint Gobain S.A., and Kingspan Group PLCamongst others are also focusing on consolidating their presence in the global market by entering into strategic industry collaborations with other market participants.
Key Segments
Material Type
Stone Wool
Fiber Glass
Plastic Foam
Others
Temperature Range
-160°C to -50°C
-49°C to 0°C
1°C to 100°C
101°C to 650°C
Region
North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)
Table of Content
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
To be continued…!
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Ceramic Foams Market is Anticipated to Gain Moderate CAGR by 2028
Ceramic Foams Market research report serves as one of the best medium to help startups in business planning. It brings all the relevant data, which provides insights into consumers’ buying nature, location and thinking pattern. Keeping an eye on which actions are followed by the competitors and their future business plans for the estimation period 2022-2028 is easy by referring this report. Monitoring present and upcoming market trends is possible with this Ceramic Foams Market report. High-quality and effective market research report has the potent to minimize business risks which can create problems in making marketing related decision.
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Ceramic Foams Market report guides how, when and where to expand the business by making right investment. Potential competitors are identified here along with allow business players to increase the product portfolio. Customers’ wants and a clear view on future business growth are provided in this Ceramic Foams Market study report. Right investment in the product development has great importance in the increase of product sales. It also allows attaining the comprehensive understanding of how customers perceive products. It also reveals how their requirements are shaped as well as influenced and how they choose the product launch on the basis of them. Novel product launch ideas provided here work as the perfect guide for the key participants to augment the product sales.
Key Players
Key players mentioned in the report are as follows -
Altech Alloys India Pvt. Ltd.
Dynocast
Drache GmbH
ERG Aerospace
Filtec Precision Ceramics Co., Ltd.
Galaxy Enterprise
Induceramic
Jiangxi Jintai Special Material LLC
LANIK S.R.O.
Pingxiang Yingchao Chemical Packing Co., Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Ceramic Foams Market value and growth drivers over the trend period of 2022-27. According to the report -
Ceramic Foams Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Increasing use of ceramic foams as filters in the metal casting industry and stringent regulations regarding pollution control are the major factors driving the global ceramic foams market. The growth is further accelerated by the surge in demand for thermally insulated and soundproof residential and non-residential infrastructure.
Segment Analysis:
Based on Type:
Based on the type, the market is segmented as silicon carbide, aluminum oxide, zirconium oxide, and others. Silicon carbide was the largest type of ceramic foam consumed in 2018. Silicon carbide is a premium advanced-grade ceramic used to manufacture foams. Properties such as low thermal expansion, high strength, excellent thermal shock resistance, high wear resistance, and high chemical resistance make silicon carbide the preferred material for ceramic foams in the iron casting application. Hence, these factors are likely to bolster the consumption of silicon carbide-based ceramic foams during the forecast period.
Based on Region:
In terms of regions, Asia-Pacific was the largest market for ceramic foams in 2018, and is expected to register the highest growth during the forecast period. Building & construction activities have increased exponentially in the past decade owing to promising demographics and a wide-scale manufacturing base in the region. The growth in metal casting production, especially in India and China, has stimulated the demand for ceramic foams in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Ceramic Foams Market research report also has the potent to bring overlooked and abandoned consumers back into focus by covering all the important market and customer data. It further assists to raise the business success rates. It spots out consumer requirements and augments the future engagements of the firm with them. Important findings are covered in this Ceramic Foams Market study report to help newly emerging industry players to establish their business in the cut-throat market. Studying customer behavior is significant as it assists them factors that can change customers’ buying decision making. By having complete understanding of how customers decide on particular product or service launch, central participants are able to spot out the products and fill in the gap which are required and the products that are outdated. This Ceramic Foams Market report permits novice players to have best understanding regarding target market and create products, which are going to fascinate novel customers, sell and develop brand loyalty. Engaging customers is one of the leading factors to attain precise and actionable insights, which drive the rapid product development. All the customer related factors including their motivations, inclinations and buying nature are all covered here.
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Polyvinylidene Fluoride Market is Set To Experience Revolutionary Growth from 2022 to 2030
The Polyvinylidene Fluoride (PVDF) Market is estimated to reach USD 1,435.5 Million by 2030 and has a CAGR of 6.7% by year end (2021-2028). Polyvinylidene fluoride or PVDF is a specialty plastic that is used in different applications where bases and acids, inertness to solvents, and high purity are the desired properties. It is a porous and extremely hard material and may be used at temperatures varying -80-300°F. PVDF is accessible as an insulator, plate, films, tubing, sheet, and piping products. This can be welded, molded, or injected and mostly used in the defense, medical, semiconductor, and chemical industries along with lithium-ion batteries. PVDF also comes in cross-linked closed-cell foam that is increasingly used in aerospace and aviation applications.
Numerous factors are adding to the polyvinylidene fluoride market. Such factors, as revealed by the latest MRFR report, include an increase in the demand in photovoltaic films, flexible flow lines, lithium-ion batteries, and coatings, increasing investments in R&D, rising acceptance of PVDF, strategic alliances and collaborations between industry players, and its high-performance properties owing to which it is widely used in new energy & electronics.
On the contrary, health & environmental concerns and the increasing threat of alternatives are factors that may limit the polyvinylidene fluoride market growth over the forecast period.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the polyvinylidene fluoride market based on end use and resin type.
By resin type, the polyvinylidene fluoride market is segmented into delta, gamma, beta, and alpha phase.
By end use industry, the polyvinylidene fluoride market is segmented into pharmaceuticals, oil and gas, building and construction, electrical and electronics, chemicals, and others. Of these, the chemicals industry will lead the market over the forecast period. This will be followed by the electrical and electronics segment which is predicted to grow at a high CAGR over the forecast period.
Regional Analysis
By region, the global polyvinylidene fluoride market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period for the increasing use of new energies and a constant upward trend in building & construction. India & China are the major contributors in the region.
The polyvinylidene fluoride market in North America will have a healthy growth over the forecast period for the expanding construction industry and huge developments in electrical & electronics sector. The US is the key contributor in the region for the presence of top industry players.
The polyvinylidene fluoride market in Europe is predicted to have notable growth over the forecast period for its increasing use in the chemical, aerospace, and automotive industry. France, the UK, Italy, and Germany are the key contributors in the region for the rise of lightweight and electronics vehicles.
The polyvinylidene fluoride market in Latin America is predicted to grow at a higher CAGR while that in the MEA will have a sound growth for the increasing end-use industries of polyvinylidene fluoride in the region.
Key Players
Key players profiled in the global polyvinylidene fluoride market report include ZHUZHOU HONGDA POLYMER MATERIALS CO., LTD (China), the Quadrant group of companies (Japan), Zhejiang Fotech International Co., Ltd. (China), KUREHA CORPORATION (Japan), Ofluorine Chemical Technology Co., LTD. (China), Solvay S.A (Belgium), Shanghai Sanai Fu New Material Co., Ltd. (China), DAIKIN INDUSTRIES, Ltd (Japan), 3M (Germany), and Arkema (France). Industry players have incorporated strategies such as mergers and acquisitions, strategic alliances, collaborations, new product launches and development, among others to create a niche in the market.
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#Polyvinylidene Fluoride (PVDF) Market#PVDF#Polyvinylidene Fluoride (PVDF) Industry#Polyvinylidene Fluoride (PVDF) Market Size#Polyvinylidene Fluoride (PVDF) Market Share#Polyvinylidene Fluoride (PVDF) Market Research#Polyvinylidene Fluoride (PVDF) Market Trends#Polyvinylidene Fluoride (PVDF) Market Forecast
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Fertilizer Additive Industry Worth US$ 3,963.0 million in 2027
Dust control agent is expected to enhance the growth of global fertilizer additive market by function segment.
According to the new research report published by The Insight Partners, titled “Global Fertilizer Additive Market to 2027 – Global Analysis and Forecasts by Function, Application, Form and Geography.’ The global fertilizer additive market is expected to reach US$ 3,963.0 Mn in 2027 from US$ 3,216.2 Mn in 2018. The market is estimated to grow with a CAGR of 2.4% from 2019-2027.
Global Fertilizer Additive Market was segmented based on function, application, and form. Based on the function the market is segmented as dust control agent, anti-caking agent, anti-foam agents, granulation aids, corrosion inhibitors, hydrophobing agents, and others. Based on application the market is segmented as mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate, ammonium nitrate, and others. And on the basis of the form granular, prilled, and powdered.
The market for fertilizer additive is expected to grow, owing to factors such as robust growth of fertilizer industry, increasing population and decreasing arable land, and rising research and development in the fertilizers industry. However, the market is expected to have restricted growth due to environmental impact of chemical fertilizers.
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The major players operating in the fertilizer additive market include Arkema Group, Solvay, KAO CORPORATION, Chemipol S.A., Chemsol LLC, Clariant, Dorf Ketal, Michelman, Inc., Omex Agriculture, Inc., and Novochem Group. The market has witnessed various growth strategies during recent years in the fertilizer additive market. For instance, July, 2019, Arkema announced completion of ArrMaz acquisition. ArrMaz is among the global market players operating in the business segments such as crop nutrition, mining and infrastructure markets. The acquisition has enabled Arkema to expand its customers in the sectors of crop nutrition, mining and infrastructure markets. Also, it has expanded its operating regions such as North America, South America, Asia, Middle East and Africa for these sectors.
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Waterborne Polyurethane Market Report–Forecast (2022-2027)
The Waterborne Polyurethane Market size is forecasted to reach US$2.2 billion by 2027, after growing at a CAGR of 5.3% during the forecast period 2022-2027. Waterborne polyurethane, which is made from hexamethylene diisocyanato, polystyrene, carbamate and other chemicals, is produced by dispersing polyurethane polymer resins in water. Waterborne polyurethane is frequently used for low volatile organic compounds (VOC), water-based paints & coatings, adhesives and ink binders that are safe for the environment. The growth of the building & construction activities are primarily propelling the Waterborne Polyurethane Market growth. However, in 2020, the shortage of raw materials, restrictions on the labor movement and other restrictions due to the Covid-19 pandemic negatively impacted the growth of the Waterborne Polyurethane industry. In 2021, the surge in the production activities, due to economic stimulus packages, ease of Covid-related regulations and other factors aided the market growth. Moreover, the bolstering transport industry will boost the demand for Waterborne Polyurethane. This, in turn, will accelerate the expansion of the Waterborne Polyurethane Market size in the coming years.
Report Coverage
The "Waterborne Polyurethane Market Report–Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Waterborne Polyurethane Market.
By Product Type : Anionic PUDs, Cationic PUDs, Non-Ionic PUDs, Single-Component Polyurethane, Two-component Polyurethane, Urethane-modified and Others.
By Finishing : Gloss, Semi-gloss and MatBy Application : Paints and Coating, Adhesive and Sealants, Elastomers, Ink Binders, Foam (Rigid and Flexible), Synthetic Fiber and Others
By End-Use Industry : Building & construction (Residential, Commercial, Industrial and Infrastructure), Transport (Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)), Aerospace (Commercial, Military and Others), Marine (Passenger, Cargo and Others) and Locomotive), Furniture, Electronics and Electrical (Televisions, Smartphones, Computers, Wires and Others), Packaging (Cans, Drums, Tubes and Others), Textile and Others
By Geography : North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa))
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Key Takeaways
Asia-Pacific dominated the Waterborne Polyurethane Market, owing to the growth of the building & construction activities in the region. For instance, according to the International Trade Administration (ITA), South Korea's construction industry was valued at US$164 billion in 2020, up 15.5% from 2019.
The growth of the transport industry is accelerating the demand for composite materials coatings to ensure superior protection from temperature, corrosion and more. This factor is driving the Waterborne Polyurethane industry growth.
Moreover, the surging government regulations for low VOC content in coatings and other products are accelerating the Waterborne Polyurethane Market growth.
Nevertheless, the volatility in the raw material prices of Waterborne Polyurethane may restrict the Waterborne Polyurethane during the forecast period of 2022-2027.
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Waterborne Polyurethane Market Segment Analysis – By Application
The paints and coating segment held the largest Waterborne Polyurethane Market share in 2021 and is forecasted to grow at a CAGR of 5.4% during the forecast period 2022-2027. Waterborne polyurethane formulations are employed in paints and coatings to ensure superior flexibility and reduce moisture and solar radiation absorption. This enables high environmental resilience and fewer solvent emissions. Also, in Waterborne Polyurethane, the hydrophobic/hydrophilic balance is used because it offers good conditions for concentration at the polymeric particle's surface area during the dispersed stage. This property ensures the superior appearance and higher durability of paints and coatings. Thus, Waterborne Polyurethane coatings with excellent transparency, solvent resistanceand hardness have found widespread application in furniture, leatherand other industries. This, in turn, is leading to the Waterborne Polyurethane Market growth.
Waterborne Polyurethane Market Segment Analysis – By End-Use Industry
The building and construction segment held the largest Waterborne Polyurethane Market share in 2021 and is forecasted to grow at a CAGR of 5.7% during the forecast period 2022-2027. Waterborne polyurethane has several advantages, including temperature curing, superior adhesion, high strength and other advantages that ensure superior durability. Thus, owing to these benefits, it is frequently used in building and construction applications such as flooring, roofing and more. The surging demand for affordable housing, increasing demand for commercial spaceand other factors are vital for the growth of the building and construction activities. For instance, in Q3 of 2021, the development of various offices started in Germany, which included Markisches Zentrum Redevelopment (completion year Q4 2023), Minden Headquarters Building (completion year Q3 2024), Kolbenhoefe Mixed-Use Complex (completion year Q4 2023) and others. Moreover, according to the United States Census Bureau, in 2021, the total new residential construction projects started in the USA was 1,610 thousand units, an increase of 16.7% over 2020. Hence, the growth of the building and construction industry is propelling the demand for waterborne polyurethane-based paints & coatings, adhesions and more. As a result, accelerating the Waterborne Polyurethane Market growth.
Waterborne Polyurethane Market Segment Analysis – By Geography
Asia-Pacific is the dominating region as it held the largest Waterborne Polyurethane Market share in 2021 up to 41%. The growth of the building & construction activities, transportand other industries are driving the economic growth of the Asia-Pacific region. The key variables such as rising retail store building construction, rising commercial centers and more such variables are creating an opportunity for the construction industry growth in Asia-Pacific. For instance, in August 2021, New Zealand's Auckland Airport announced plans to develop 100 retail stores. The new retail area would entail the construction of a 23,000-square-meter-plus outlet center on undeveloped property near the airport's north-eastern boundary. Moreover, as of May 2022, the construction of the 466 trillion Indonesian rupiahs ($32.3 billion). Indonesia's new capital is in progress. The capital city's construction will be complete by the end of 2024. The construction activities include the construction of offices, residential apartments, shopping centers and more. Also, according to Invest India, there is a total of 115 future construction projects which are under the planning phase in India and the value of these projects is about US$11.63 million. These projects include the construction of hotels & office buildings, shopping complex and more. Therefore, the growth of the building and construction industry is propelling the demand for waterborne polyurethane to enhance adhesion and sealants. This, in turn, is accelerating Waterborne Polyurethane Market size growth.
Waterborne Polyurethane Market Drivers
Growth of the Transport Industry
The critical benefits of waterborne polyurethane include Chemical resistance, high elongation, UV resistance, low-temperature flexibility and more. These advantages result in enhancing the durability of the coatings. Thus, owing to these benefits, it is often deployed in the coating of transport vehicles elastomers, sealants and more. The factors such as the increasing adoption of passenger cars, the booming transport production and other factors are accelerating the growth of the transport industry. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021, the global automotive production was 80,145,988 units, an increase of 2% over 2020. Moreover, according to airbus the widebody aircraft production in the year 2018 was 96 units and in 2019, it was 153 units, an increase of 59.4%. Thus, the growth of the transport industry is accelerating the demand for waterborne polyurethane, thereby, driving the market growth.
Surging Adoption of Sustainable Products
Waterborne polyurethane (PU) is growing rapidly, owing to environmental legislation. For instance, the Clean Air Act and advancements in technology that have made them a feasible substitute for solvent-based analogs. Waterborne polyurethane is versatile and environmentally friendly coating material that comes in a variety of hardness and solid content levels. Moreover, their zero to low volatile organic content makes it easier to formulate them into a compliant coating for a wide range of substrates. Therefore, waterborne polyurethane adaptability and a wide range of superior properties, such as abrasion resistance, impact strengthand low-temperature flexibility, are driving forces behind their ever-increasing use in a variety of applications. As a result, the Waterborne Polyurethane Market is expanding.
Waterborne Polyurethane Market Challenges
Volatility in Raw Materials Prices
Polystyrene and other materials are utilized as raw ingredients in the manufacturing of Waterborne Polyurethane. The majority of these materials are crude oil-based derivatives that are susceptible to commodity price volatility. Moreover, the ongoing Russia-Ukraine war has highly impacted crude oil prices. For instance, according to the World Bank, Brent crude oil prices are expected to average $100 per barrel in 2022, the highest level since 2013and a more than 40% increase over 2021. This causes ethylene carbonate raw material costs to fluctuate. Thus, the fluctuations in the prices of the raw materials may restrict the growth of the waterborne polyurethane industry during the projected forecast period.
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Waterborne Polyurethane Industry Outlook
Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Waterborne Polyurethane Market. The top companies in Waterborne Polyurethane Market are:
Dow
Bayer Materialscience
Axalta Coating Systems
Henkel
PPG Industries
BASF
H.B. Fuller
RPM International
3M
Sherwin-Williams
Recent Developments
In January 2021, Allnex launched DAOTAN 7061/35WA, a waterborne polyurethane dispersion for the automotive OEM and vehicle refinish coating markets. The 7061 is a versatile and high-performance product that can be utilized across multiple application areas, including waterborne automotive and refinish basecoats, automotive interior & exterior primers and general industrial applications.
In January 2020, BASF, a leader in the manufacture of waterborne polyurethane, increased the capacity of water-based polyurethane dispersions by 30% in Europe. The primary goal of this development was to better serve its clients and address the escalating demand for water-based polyurethane dispersions.
In June 2019, DSM collaborated with TLF (Germany), an international business that provides specialty chemicals to the leather and allied sectors. This agreement covers both the supply and the R&D of cutting-edge, environmentally friendly technologies for aqueous polyurethane dispersions. DSM and TFL are furthering the value of sustainable leather finishes and bolstering their market positions by collaborating at various stages along the value chain.
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Double Sided Tape Market Trends and Future Growth Opportunities Analysis Report
Double-sided tape is a pressure-sensitive tape coated with an adhesive on both sides and are used for fixing and bonding in many manufacturing industries, such as automotive, healthcare, and building and construction. Using double sided tapes is a better option than screws and rivets as the surface tension is spread evenly across the surface.
The scope of our recent study on the “Double Sided Tape Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Resin Type (Acrylic, Rubber, Silicone, and Others), Backing Material (Foam, Film, Paper, and Others), and End-Use (Health Care, Building and Construction, Automotive, Consumer Goods, and Others)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments. Early buyers will receive 10% customization on reports.
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The double-sided tape market was valued at US$ 9,963.74 million in 2020 and is projected to reach US$ 15,028.98 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028. Double-sided tape is a pressure-sensitive tape coated with an adhesive on both sides and are used for fixing and bonding in many manufacturing industries, such as automotive, healthcare, and building and construction. Using double sided tapes is a better option than screws and rivets as the surface tension is spread evenly across the surface.
The global double-sided tape market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for the largest share of the market. The market growth in this region is primarily attributed to the population expansion across the region. China and India alone account for over 35% of the global population. Moreover, China is the largest manufacturer in the world and is also a major exporter. In addition, the presence of various manufacturers across Asia Pacific contributes significantly to the growth of the market in the region.
Based on resin type, the double-sided tape market is segmented into acrylic, rubber, silicone, and others. The silicone segment led the market with the largest share in 2020. Silicone adhesive tape is a flexible, waterproof, and non-woven material with a unique silicone adhesive. It is fungus resistant and can fight ozone and ultraviolet radiation in outdoor environments. They are also solvent resistant and exhibit high shear and peel strengths. Moreover, these adhesives are comparatively expensive and have less initial tack but can survive in higher temperatures than both acrylic and rubber adhesives.
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Companies Covered In the Report 3M, Nitto Denko Corporation, Tesa SE, Intertape Polymer Group, Shurtape Technologies, LLC, Scapa, Guangzhou Broadya, Adhesive Products Co., Ltd., Lohmann GmbH & Co.KG, LINTEC Corporation, Avery Dennison Corporation
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#Double Sided Tape Market#Double Sided Tape#Double Sided Tape Market Size#Double Sided Tape Market Share#Double Sided Tape Market Forecast#Double Sided Tape Market Overview
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The value chain of microcellular polyurethane foam manufacturing includes raw material manufacturers, such as BASF SE (Germany), Huntsman Corporation (U.S.), The Dow Chemical Company (U.S.), and Bayer MaterialScience (Germany), among others. Companies, such as BASF SE (Germany), Huntsman Corporation (U.S.), The Dow Chemical Company (U.S.), Rogers Corporation (U.S.), and Era Polymers (Australia), among others manufacture either high-density or low-density microcellular polyurethane foams. The products manufactured by these companies are used by companies operational in the automotive, building & construction, and footwear, among other industries, such as Ford Motor Company (U.S.), Kiewit Corporation (U.S.), Adidas AG (Germany), and Sleepwell (India).
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The global ceramic foams market is estimated to be USD 343.2 million in 2018 and is projected to reach USD 441.7 million by 2023, at a CAGR of 5.2% between 2018 and 2023. Ceramic foams are tough ceramic materials having porous morphology. They have closed, fully open, or partially interconnected porosity. They are most commonly used as filters in the molten metal application. They are lightweight, have high mechanical strength, large specific surface area, high porosity, excellent thermal shock resistance, and erode resistance. These properties make ceramic foams suitable for various applications, such as thermal & acoustic insulation, filtration of molten metal alloys, furnace lining, automotive exhaust filters, and catalyst support in foundry, building & construction, aerospace, chemical synthesis & pollution control, electronics, and biomedical industries. Stringent pollution control regulations and the demand for thermally insulated and soundproof residential and non-residential infrastructure are some of the factors driving the ceramic foams market.
Browse 81 market data Tables and 45 Figures spread through 126 Pages and in-depth TOC on "Ceramic Foams Market by Type (Silicon Carbide, Aluminum Oxide, Zirconium Oxide), Application (Molten Metal Filtration, Thermal & Acoustic Insulation, Automotive exhaust Filters), End-use Industry (Foundry, Automotive), and Region - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/ceramic-foam-market-220030299.html
Asia Pacific is expected to be the fastest-growing market, in terms of value, during the forecast period. India is projected to be the fastest-growing ceramic foams market in the Asia Pacific region. The high economic growth of the region coupled with the growing population is expected to propel the growth of the industrial sector in the region. This will lead to an increase in the market penetration of the foundry industry, which will drive the market for ceramic foams in the region.
Molten metal filtration is expected to be the fastest-growing application segment of the ceramic foams market during the forecast period. This can be attributed to the growing consumption of ceramic foams in the metal casting applications where they are used to filter non-metallic impurities from molten metal that may pose as a hindrance during the metal solidification process.
Major players such as SELEE Corporation (US) and LANIK s.r.o (Czech Republic) adopted various developmental strategies in recent years to grow in the market. Mergers & acquisitions was the most preferred strategy adopted by these players. In 2015, the companies acquired Fiber Ceramics (US) and Teplotechna, Industrial Furnaces, Ltd. (Czech Republic), respectively, to establish a strong foothold in the global ceramic foam market. Some of the other major players operating in ceramic foams market with significant market shares are Vesuvius Plc (UK), Saint-Gobain High-Performance Refractories (US), and Drache GmbH (Germany).
#Ceramic Foams Market#COVID 19 impact on Ceramic Foams Market#Global Ceramic Foams Market#Ceramic Foams Industry#Asia Pacific Ceramic Foams market#Ceramic Foams Market Share#Ceramic Foams Market Size#Ceramic Foams Market Demand#Ceramic Foams Market Growth#Sales of Ceramic Foams#Demand of Ceramic Foams#ceramic foams market size#ceramic foams manufacturers
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