Chemicals and Materials

Format: 2016-12-09
Format: 2016-12-09
December 09, 2016 | 60 Pages | SKU: IRTNTR11079

Overview of the global fluoropolymer market in the healthcare industry

Technavio’s market research analyst predicts the global fluoropolymer market in the healthcare industry to grow at a CAGR of more than 7% between 2016 and 2020. Consumers in the healthcare industry are increasingly opting for fluoropolymers over plastics in packaging applications owing to their superior characteristics such as weldability, improved permeation resistance, less amount of creep, smoother and less porous surface, and better high voltage insulation. Moreover, the inability of plastics to meet the stringent physical and biocompatibility necessities of advanced medical devices and drugs has prompted the healthcare companies to opt for fluoropolymers. Due to properties like high heat and chemical resistance, inertness, and low coefficient of friction, fluoropolymers are also being used in various engineering applications such as substitute bones for none, ear, skull, hip and knee parts. The improved recyclability and the environment-friendliness of fluoropolymers have augmented their popularity in the healthcare sector, which is expected to rise continuously throughout the predicted period.

In terms of geography, APAC dominates the market and is the only region that will witness a constant increase in its market shares over the forecast period. Countries like China, Japan, India, and South Korea are the key revenue generating countries in the region. The abundant presence of raw materials for fluoropolymer manufacture will help in strengthening the region's position in the market. Moreover, the presence of a well-established and developed pharmaceutical and healthcare industry in Japan will further spur the use of


December 09, 2016 | 60 Pages | SKU: IRTNTR8387

Outlook of the global solvent market

Technavio’s market research analyst predicts the global solvent market to grow at a CAGR of approximately 4% during 2016 and 2020. Since the demand for solvents is heavily dependent on the growth of the construction industry, its increasing utilization for the construction of residential buildings and complexes will lead to this market’s steady growth during the estimated period. Recently, it has been observed that the construction industry has witnessed a sudden growth in emerging economies like Asia and Africa. The growth of the construction industry in these regions will propel the prospects for growth in this market during the forecast period.

In terms of geography, the APAC region will be the largest market for solvents during the forecast period. The widespread availability of labor and petrochemical feedstock in this region will foster market growth until 2020. Additionally, factors such as the growth of the pharmaceutical and paint & coatings industry in this region will impel the demand for solvents in APAC during the forecast period.

Segmentation by product type and analysis of the solvent market

  • Organic solvent
  • Inorganic solvent

The global solvent market is dominated by the organic solvent segment, which can be further categorized into oxygenated, hydrocarbon, and halogenated solvents. Alcohol-based solvents, which are categorized under oxygenated solvents emerged as the leading product segment in 2015 owing to its augmented demand from various end-user industries.

Application-based segmentation of the solvent market

  • Paints and coatings
  • Printing inks
  • Cosmetics and adhesives
  • Pharmaceutical

December 08, 2016 | 60 Pages | SKU: IRTNTR11063

Overview of the global specialty gasses market

Technavio’s market research analyst predicts that the global specialty gasses market will grow at a CAGR of more than 6% between 2017 and 2021. Specialty gasses have a wide spectrum of applications including air quality monitoring, breath alcohol testing, biological growth control, calorimetric testing, car exhaust testing, commercial diving, confined space monitoring, emission and natural gas trading, and explosimetry. One of the key growth factors for the specialty gasses market is the constant increase in demand from the light-emitting diode (LED) sector. Several LED chip manufacturers rely profoundly on specialty gasses because of their high purity, which makes them compatible with the performance and quality standards of LED. Moreover, several specialty inert gasses are also used in various food and beverage applications for freezing, blanketing, and fumigation. These gasses are used for cryogenic and efficient cooling of food products, inerting the storage and packaging atmosphere, and fumigating grains to avoid pilferage.

At present, manufacturers are coming up with several innovations in the storage design and packaging of specialty gasses. They are replacing metal packaging by composite materials made of plastics. These cylinders provide various advantages in terms of energy savings as they are lightweight. Companies such as Luxfer Group and Time Technoplast have come up with several innovative gas packaging solutions, while gas vendors such as Linde Group have already adopted composite cylinders in their distribution channel. Technavio expects a rapid rise in innovations in


December 08, 2016 | 60 Pages | SKU: IRTNTR11059

Overview of the global active pharmaceutical ingredients market

Market research analysts at Technavio predict that the global active pharmaceutical ingredients market will grow steadily during the next four years and post a CAGR of almost 7% by 2021. This market research analysis identifies the increasing incidence of age-related diseases across the world to be one of the primary growth factors for this market. It has been observed that almost three-fourth of the adults across the world aged above 60 are prone to several disorders such as type 2 diabetes, cardiovascular diseases, breast and colon cancer, gallbladder disease, and high blood pressure. Additionally, they are also prone to several other diseases such as musculoskeletal disorders and vision and hearing loss. This increase in the number of age-related disorders will drive the demand for drugs, which, in turn, will boost the growth prospects for active pharmaceutical ingredients (API).

This market research and analysis estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the active pharmaceutical ingredients market throughout the next four years. The increasing demand for generic drugs from countries such as the US, the growth in aging population, and the presence of an organized R&D structure for drug development are some of the major factors that will drive the growth of the market in this region.

Competitive landscape and key vendors

The market is characterized by the presence of several active pharma ingredients manufacturers that are core chemical and pharmaceutical companies. Major vendors such as Teva Pharmaceutical


December 07, 2016 | 66 Pages | SKU: IRTNTR11036

Overview of the global SBC and its derivatives market

Technavio’s market research analyst predicts the global SBC and its derivatives market to grow at a CAGR of around 5% between 2016 and 2020.  SBC and their derivatives find extensive application in the production of adhesives and sealants due to their viscosity reduction and material softening features. SBC is used to adjust the resin viscosity and the glass transition temperature in the elastomeric stage during the manufacturing of adhesives. It is also used for the production of sealants with higher solid content.  The consumption of SIS has increased considerably over the years owing to the rising demand for hot melt adhesives and sealants from the growing construction industry in the APAC region, especially in China. Moreover, the current stringent environmental regulations such as National Emission Standards for Hazardous Air Pollutants (NESHAP) have prompted several manufacturers to come up with cheaper, economically and environmentally favorable bio-based SBC polymers. The advent of such advanced low-styrene SBCs has opened new avenues for the manufacturers of SBC and its derivatives.

In terms of geography, APAC accounted for the largest share in the market nd will continue its dominance during the forecast period. The rapid surge in infrastructural developments and the emergence of China as a global manufacturing hub are the major factors that are fueling the consumption of SBC and its derivatives in the region. China was the key generating country in the market owing to its massive manufacturing capability of industrial and commercial products.

Competitive landscape and key vendors

LCY Chemical, Sinopec, PolyOne, TSRC, Dynasol, and Versalis occupy a major portion of the global SBC and its


December 06, 2016 | 71 Pages | SKU: IRTNTR11029

Overview of the global polyurethane foam market

Technavio’s market research analyst predicts the global polyurethane foam market to grow at a CAGR of almost 8% during the forecast period. Polyurethane foams are lightweight, chemically stable, versatile, flexible, durable, and offer more thermal resistance in insulations. Moreover, polyurethane foam offers better moisture resistance and provides long-term, accurate, and high-performance insulation, making them the most suitable in the refrigeration segment. The demand for polyurethane from various end-users such as the automotive industry is expected to increase significantly during the forecast period. Vendors in the market are also making massive investments in R&D to develop bio-based polyurethane, which will further enhance their application areas.

Geographically, the polyurethane foam market in APAC is growing at a steady rate and will continue to register high growth over the forecast period. Bio-based polyurethane foam is gaining popularity in the APAC region. These foams are preferred over fiberglass and stone wool for insulation purposes. Urbanization and industrialization coupled with the requirement for energy-efficient buildings have increased the consumption of these foams for insulation purposes.

Competitive landscape and key vendors

The presence of numerous large and small vendors makes the global polyurethane foam market extremely competitive. The market is predominantly occupied by the leading vendors including Covestro, BASF, Dow Chemical, DuPont, and Huntsman. Intense competition prevails


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