Chemicals Latest News: December 2018

Wednesday, 19 December 2018

Global Textile Dyes Market – Industry Insights, Growth Drivers, Analysis and Forecast 2024

Industry Overview
Dyes are the coloring material that is used to color commodities. The textile industry used different chemicals and dyes during the textile production. Textile dyes are used in textile industry, which is the process of adding colors to the textile products which includes wool, silk yarns, fabrics, and others. These dyes are applied to textile by dyeing using dye solutions and by printing using dye pastes. The dye use depends upon the type of material along with some specific requirements which has to be met. There are various factors which need to be considered during the selection of dye such as fastness to light, process cost, reaction to washing and rubbing, and others.

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Insight by Type
On the basis of type, the textile dyes market is segmented into direct dyes, acid dyes, basic dyes, fiber-reactive dyes, vat dyes, mordant dyes, solvent dyes, disperse dyes, and others. Of all these, during the forecast period, the disperse dyes are projected to hold the largest share in the market, as they are able to retain better substantivity for hydrophobic fibers such as nylon, polyester, and acetate, as compared to other dyes. Additionally, this is the most important class of dye which is used in dyeing polyester fibers and also provides good build-up and fastness properties.

Geographic Overview
Asia-Pacific is anticipated to achieve the highest growth in the textile dyes market during the forecast period. This can be attributed to various factors such as low labor cost, east availability of raw material, less stringent rules and regulations, growing population, and others. Along with that, the growing and strengthening economies of China and India are also adding to the market growth, as both the countries are attracting significant investment from international players, resulting in the region’s textile dyes market growth.

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Competitive Insight
Huntsman Corporation, Atul Ltd., Lanxess AG, Colorant Limited, Kiri Industries Ltd., Zhejiang Longsheng Group Co., Jay Chemical Industries Limited, Sumitomo Chemical Co., Ltd., DowDuPont Inc., Organic Dyes and Pigments LlC, and Avocet Dye & Chemical Co. Ltd. are some of the major players operating in the textile dyes market.

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Tuesday, 18 December 2018

Global High-Performance Adhesives Market – Industry Insights by Technology, Analysis and Forecast 2024

Global High-Performance Adhesives Market.png

Industry Overview
High-performance adhesives are used in various markets and applications such as label and tape, medical packaging, building and construction, transportation, and others. The global high-performance adhesives market is expected to register a significant growth during the forecast period, due to its superior properties and ability such as, it can bond to unique and difficult substrates, withstand harsh environment conditions, enhance overall product durability, and others. Also, this market is expected to provide various growth opportunities to the whole ecosystem and hence projected to register a healthy growth in the coming years.

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Insight by End-User
On the basis of end-user, the high-performance adhesives market is classified into transportation, aerospace and defense, packaging, electronics, construction, metal, and others. Transportation is the dominant end-user category in the market, driven by an increasing usage of these adhesives to bond multi-material substrates. The medical category is the fastest growing segment in the high-performance adhesives market, due to the increasing aging population, and advancement in medical devices.

Geographic Overview
Asia-Pacific is expected to remain the largest and fastest growing region in the high-performance adhesives market, which is attributed to the increasing automobile production along with the rising adoption and increased acceptance of these advanced adhesives. Along with that, the high economic growth, cheap labor availability, growth in manufacturing industry, shift in production sites/facilities from developed to developing countries are among the major factors contributing towards the region’s growth.

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Competitive Insight
3M Company, Sika AG, H.B. Fuller, Huntsman International Inc., Avery Dennison Corporation, Pidilite Industries Limited, Ashland Inc., Henkel AG & Co. KGaA, Lord Corporation, Mapei Corporation, Illinois Tool Works Inc., Bostik, Hernon Manufacturing, Inc., and Hexcel Corporation are some of the key players operating in high-performance adhesives industry.

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Global Secondary Refrigerants Market – Segmentation, Industry Dynamics, Analysis and Forecast 2024

Industry Overview
Secondary refrigerants are the fluids that are used to transfer heat from a substance which is being cooled by heat exchanger. After being cooled, the liquid is transferred through a series of pipes to the cooling load location, which is then returned to repeat the whole process. The secondary coolant circulates through a cooling system and cooled in a heat exchanger. They are generally non-toxic in nature in small amounts; however large amounts should be disposed in a proper manner.

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Challenges
High investment at the initial stages is identified as the major challenge in the secondary refrigerants market. For example, supermarkets are using carbon dioxide as a refrigerant due to their high energetic efficiency. However, the installation cost may become higher due to high pressure of carbon dioxide.

Geographic Overview
Europe is the largest consumer of these refrigerants and expected to witness the considerable growth in the secondary refrigerants market in the coming years. This is attributed to the recent plans in Europe to phase out F-gases, which is expected to reduce the use of HFC gases at a significant rate. The authorities are pushing the users to switch from primary refrigerants to protect the environment, resulting in increasing demand of these refrigerants in the region.

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Competitive Insight
Honeywell International Inc., Arkema Group, Daikin Industries Ltd., Hudson Technologies, The Linde Group, Eastman Chemical Company, Hydratech, Environmental Process Systems Limited, A-Gas International, Tazzetti S.P.A, and Temper Technology Ab are some of the key players operating in secondary refrigerants market.

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Friday, 7 December 2018

Global Medical Elastomers Market – Top Companies, Size, Share, Industry InsightsAnalysis and Forecast 2024

Elastomers used in the medical industry are known as medical elastomers. They are used in the applications where higher flexibility or elasticity is required. Medical grade elastomers are used to optimize the function of life sciences applications. The global medical elastomers market is registering a good growth, due to the increasing demand of medical devices across the globe. This can also be attributed to its use in the wide range of applications, including medical tubes, medical bags, patch adhesives, orthopedic gels, and others.

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Significant investment for the product development is the major challenge identified in the medical elastomers market. Also, considering the sensitivity of the industry, various precautions, an extra care needs to be taken while developing new products, making it a time consuming process. Investors have to wait for a very long time in order to get the returns on their investments, which pull them back in investing in the market. All these factors are posing as a major challenge in the market growth.

The availability of multiple grades of elastomers in the medical elastomers market makes it a very competitive market, where manufacturers need to constantly invest in the market in order to attain the competitive edge by expanding their product portfolio, new product development, and others. Also, survival of new entrants is tough, as it is capital intensive market and also highly regulated.

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Asia-Pacific is expected to lead the medical elastomers market in the coming years, due to the expanding medical industry in the region. The medical industry in countries such as China and India are rapidly growing, primarily due to growing population, which is increasing the demand of medical devices, equipment, and others in the region. According to export.gov, in 2016, the Chinese medical device industry registered a growth of 20.1% as compared to 2015. The growth was majorly fueled by the hospital procurements to meet the need of the growing population.

Key players in the medical elastomers industry are focusing on developing more advanced elastomers and are investing significantly in the market to attain the same. BASF SE, DowDuPoint Inc., Solvay SA, Royal DSM, Eastman Chemical Company, Celanese Corporation, Polyone Corporation, Trelleborg AB, Kuraray Co., Ltd., RTP Company, and Foster Corporation are some of the key players offering various elastomers to the medical industry.

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Global Hydrophobic Coatings Market – Growth Factor, Size, Share, Analysis and Forecast 2024

Hydrophobic coatings are water-resistance coatings. These are used to provide durable protection from abrasion and liquids. These coating is applied to various substrates such as glass, metal, plastics, painted surfaces and others. Using this coating, water on the surface is repelled from the surface in the form of beads. The global hydrophobic market is growing at a good pace, owing to the increasing usage of these coatings in various industries that includes aerospace, automotive, marine, building and construction, and others. Along with that, the superior properties of the coating are also contributing to the hydrophobic coatings market growth such as self-cleaning, anti-microbial, anti-corrosion, and various others.

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The major challenge which is likely to hinder the hydrophobic coatings market growth is the stringent regulatory policies related to these coatings. In order to maintain the sustainable environment, the regulatory authorities have laid down various regulations related to the use of these coatings. For instance, the International Maritime Organizations has many policies and regulations regarding keeping water safe from dangerous additives. While, to stay in the competition, various manufacturers are developing innovative products, however time consuming regulatory approvals and mandates could be a restraint in the hydrophobic coatings market growth.

The hydrophobic coatings market is quite stagnated due to the presence of big players in the market such as BASF SE, PPG Industries, 3M Company, and others. Hence, the presence of such players has made it very difficult for other players to enter the market or survive in the market.

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Asia-Pacific is expected to register the highest growth in the hydrophobic coatings market in the coming years. The region is anticipated to hold the largest share in the overall market. Owing to the increasing hydrophobic coatings demand from end use industries in order to meet the increasing demand of growing population in the region. The increasing investment in various industries due to the rapid industrialization is also expected to fuel the market growth during the forecast period.

Key players in the hydrophobic coatings industry are investing significantly for the development of more environment friendly products, aiming to strengthen their position in the market. BASF SE, Drywired, PPG Industries, The 3M Company, NEI Corporation, Nippon Paint, Aculon, Cytonix, and Surfactis Technologies are some of the key players offering hydrophobic coatings in the market.