Chemicals and Materials

Format: 2016-10-26
Format: 2016-10-26
October 26, 2016 | 72 Pages | SKU: IRTNTR10044

Overview of the global grease additives market

The ability to perform well at high temperatures is extremely crucial for grease additives to be used for different end-user applications. This requirement has augmented the demand for complex soap-based greases as they perform well in different temperature ranges compared to simple soap-based greases. Grease additives influence energy efficiency by reducing the energy losses in engines due to friction in hydrodynamic, lubrication regimes, and elasto-hydrodynamics. The increased adoption of energy-efficient measures through friction modification and viscosity optimization are acting as an effective driver of the global grease additives market. The market is witnessing the use of high-performing biodegradable greases and their additives, which are either vegetable oil-based or based on synthetic esters. These greases do not release harmful residues after use and degrade sooner than the mineral-based alternatives. Moreover, the manufacture of biodegradable greases complies with the regulatory and environmental guidelines and also help in improved profit margins on account of the sales of value-added products. Technavio’s market research analyst predicts the global grease additives market to grow at a sluggish CAGR of 2% by 2020.

APAC is the largest revenue contributing region in the grease additives market and is likely to occupy more than 51% of the total market share by 2020. The automotive industry is the major contributor to the market in the region due to the growing population as well as the demand for automobiles in the region.  The improvement in engine technologies and growing demand for fuel-efficient cars with reduced emissions are some of the major factors boosting the demand for

October 26, 2016 | 59 Pages | SKU: IRTNTR10663

Overview of the global tire reinforcement materials market

Technavio’s market research analyst predicts the global tire reinforcement materials market to grow at a CAGR of more than 4% between 2016 and 2020. Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity. Several reinforcement materials used in tires include steel cord fabric, steel bead wire, polyester cord fabric, rayon cord fabric, aramid cord fabric, nylon cord fabric, and other materials. These materials confer structural, mechanical, and physical properties to tires. The latest development in the market is the growing demand for eco-friendly tires, which has compelled vendors to shift towards the usage of natural and recycled materials like ground rubber, orange oil, and low-aromatic oils to manufacture tires.

APAC dominated the global market for tire reinforcement materials in 2015 and will sustain its market share during the forecast period. The rising number of passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, and three wheelers in this region drives the market’s overall growth prospects. Furthermore, with the growing preference for a better driving experience, the demand for tire reinforcement materials will increase substantially over the next four years.

Competitive landscape and key vendors

The global tire reinforcement materials market is highly competitive and marked by the presence of global, regional, and local players. The global players primarily dominate this market and have

October 24, 2016 | 70 Pages | SKU: IRTNTR10054

Overview of the global stainless steel market

Technavio’s market research analyst predicts the global stainless steel market to grow at a CAGR of more than 5% by 2020. Stainless steel is used across many industries including metal products, mechanical engineering, construction, motor vehicles and parts, electrical machinery, and transport. It is rust-resistant, can be easily sterilized, and is considered ideal for daily use products. Countries like India and China are increasing the use of scrap steel to reduce their carbon footprint. Scrap recycling improves the industry's economic viability and reduces environmental impact by eliminating the need for iron ore extraction for steel production. Owing to the several advantages the steel scrap offers such as carbon dioxide emissions reduction, energy and water conservation, and also decrease in air pollution, it has become a preferred raw material for steel manufacturers. The growing concern for global warming by the steel industry will drive the growth of the global stainless steel market during the coming years.

APAC will continue to dominate the stainless steel market and is anticipated to occupy more than 70% of the overall market revenue by 2020. Much of the region’s growth comes from China, which is the largest producer and consumer of stainless steel worldwide. The demand for stainless steel in APAC is driven by metal goods, especially kitchen utensils and growing application in pre-engineering buildings. Factors such as the rapid

October 21, 2016 | 62 Pages | SKU: IRTNTR10651

Overview of the global polybutylene terephthalate (PBT) market

Technavio’s market research analysts predict the global polybutylene terephthalate (PBT) market to grow at a CAGR of more than 6%, in terms of volume, during the forecast period. The automotive industry is the major end-user of PBTs, which is used in all auto electrical system components such as mirror housings, windshield wipers, vents, handles, fuel system components, fuse boxes, and all the ignition system components. PBT-made products are preferred in automobiles because they are rigid, dimensionally stable, strong, heat and weather resistant, and are resistant to fuels and lubricants. Also, PBT has extensive applications in the polymers and plastics industry because it offers high-performance blends like polyethylene terephthalate (PET) and acrylonitrile styrene acrylate (ASA). It provides a valuable integration of high technical properties and good dimensional stability owing to its low water absorption, high stiffness, and excellent resistance to heat properties.  The growing demand for more sustainable, eco-friendly, and green materials has prompted the key vendors to invest in research activities to develop recycable PBT with excellent chemical and mechanical characteristics. The use of such highly recyclable PBT blends is the key to developing more sustainable and green world for future applications.

The introduction of EVs has resulted in the emergence of new high-voltage applications that require more efficient electrical components such as connectors, sockets, boards, sensor coverings, transformer insulation, switches and power sockets. Owing to the excellent electrical

October 21, 2016 | 61 Pages | SKU: IRTNTR10438

Overview of the global marine composites market

Technavio’s market research analyst predicts that the global marine composites market will grow at a CAGR of more than 6% between 2016 and 2020.  At present, the demand for advanced composites is growing significantly in the marine sector. Boats and other marine vessels made from fiber marine composites are approximately 50% lighter than those made from steel and over 30% lighter than those made using aluminum. These composites are necessary for enhanced performance, high fuel efficiency, and reduced emissions and are replacing metal parts in large vessels. These developments have resulted in partnerships and joint ventures between large boat manufacturers and producers of marine composites. Marine composites offer design flexibility to the manufacturers to design complex parts with good shapes. The marine vessels manufacturing sector accounts for a substantial share of the marine composites market, and its fast growth will positively boost advancements in the marine composites market during the future.

In terms of geography, North America will dominate the global marine composites market during the forecast period due to multiple product launches by the leading marine composite manufacturers, such as BAYLINER and Jespersen Boat Builders. The US is the key revenue generating country in North America due to the high rate of powerboat manufacturing. The growing demand for high-speed boats in the region is anticipated to drive the marine composites market over the next four years.

Competitive landscape and key vendors

The global marine composites market is dominated by key players who deal in the manufacture of carbon fiber, glass fiber, and metal composites, foam cores, and

October 20, 2016 | 65 Pages | SKU: IRTNTR10646

Overview of the global construction paints and coatings market

Technavio’s market research analyst predicts the global construction paints and coatings market to grow at a CAGR of almost 6% between 2016 and 2020. There is an increasing demand for functional paints and coatings that provide protection to buildings against harsh weather, dampness, corrosion, fungi, and other destructive or negative influences on the building. Vendors are coming up with paints and coatings that reflect heat rays from buildings and paints that have antimicrobial and water-resistant properties. Moreover, the rise in demand from pre-engineered buildings has also augmented the use of paints and coatings, such as silicon modified polyester, regular modified polyester, and super polyester coatings, in both internal and external environments. With the growing demand for repainting and new construction projects across the globe, the construction paints and coatings market is expected to witness significant growth in the coming years.

In terms of geography, the construction paints and coating market in APAC is the largest and the fastest growing market. China, India, and Japan are the major revenue generating countries in this region. The growing investments in infrastructure development and construction sector are primary drivers for the market’s growth in APAC. Countries like Singapore, Indonesia, and Vietnam are emerging as major revenue contributors in APAC owing to innovations in construction practices such as smart building and mixed-use developments.

Competitive landscape and key vendors

The global