Overview of the global polyolefin market
Technavio’s market research analyst predicts the global polyolefin market to grow at a CAGR of more than 7% between 2017 and 2021. The global polyolefin market is expected to witness considerable growth during the forecast period due to the surging consumption of plastics in both the commercial and industrial sectors including adhesives, home appliances, automotive parts, engineering plastics, grocery bags, toys, containers, medical applications, and prosthetic implants. Owing to durability, lightweight, and capability to resist physical and chemical damages, polyolefins are preferred over metallic and non-metallic substitutes for protection. One of the latest developments in the market is the growing use of bio-based and metallocene-based polyolefins. Green polyolefin helps in reducing greenhouse gas effect on global warming, while the stringent regulations regarding the use of synthetic polymer products will also drive the market growth for bio-based polyolefins during the forecast period.
Geographically, the Americas dominated the global polyolefin market in 2016, with North America being the major revenue contributor. Much of the region’s growth is attributed to the rise in demand from the packaging and construction industry and the easy availability of raw materials in the US. Moreover, the declining feedstock prices of polyolefins have increased their consumption in several other parts of the Americas, such as Central and South America, which will be a major growth driver for the market over the next four years.
Overview of the global caprolactam market
Technavio’s market research analyst predicts the global caprolactam market to grow at a CAGR of close to 7% between 2016 and 2020. Caprolactam finds extensive application during the production of nylon 6 fibers and nylon 6 resins, which account for over 98% of the total caprolactam produced across the globe. Besides having excellent strength and elasticity, Nylon 6 offers chemical resistance, damage resistance from oils and abrasion resistance. Such functional benefits have increased the usage of nylon 6 in a wide range of applications across the textile, automotive, and electrical and electronics industries. Nylon has a high-temperature resistance and can be dyed with the desired color for aesthetic appeal. Besides apparel, nylon is also utilized in the manufacture of sports equipment, harness straps, ropes, and fishing nets. With the growing commercial importance of nylon, the global market for caprolactam will witness significant growth over the predicted period.
Geographically, APAC is expected to lead the global caprolactam market during the forecast period owing to the profitable growth of polymers market in the region. Nylon 6 is one of the most useful and commercially important polymers and is witnessing huge demand, especially among automotive and electrical and electronics industries. Recently, BASF has increased its production capacities for caprolactam and allied products such as nylon 6 in APAC. China, Japan, and India are anticipated to emerge as the key revenue generators for the caprolactam market in APAC.
Competitive landscape and key vendors
Honeywell, BASF, DSM, UBE Industries, and Capro are the leading companies that dominate the global caprolactam market. These players provide nylon resins and fibers for pharmaceutical, chemical, energy and
Overview of the global propylene market
Technavio’s market research analyst predicts that the global propylene market will grow moderately during the forecast period, posting a CAGR of almost 6%. Propylene is the second most-produced derivative in the petrochemical industry, after ethylene, and is expected to have significant demand across diverse industries over the next four years. One of the primary drivers for this market’s growth is the rising demand for polyurethane. Polyurethanes are manufactured from propylene oxide and have extensive applications in sealants, thermal insulators, and flooring materials that are used in industries like packaging, automotive, footwear, furniture, and construction. With the growing demand for polyurethanes in the automotive sector, especially in the manufacture of automobile seating, headrests, armrests, dashboards, and headliners, the market for propylene will subsequently experience high growth by 2020.
In terms of geographical segmentation, APAC dominated the global market for propylene in 2015 and the demand for propylene is expected to increase significantly in the region throughout the forecast period. Much of the region’s growth can be attributed to the increased use of propylene in industries like construction, furniture, and automotive. Moreover, the growing use of acrylonitrile in electronics and electrical gadgets, home appliances, and automobiles in countries like China and India, will positively influence the growth of this market in the coming years.
Competitive landscape and key vendors
The global propylene market is
Overview of the global polyurethane market
According to Technavio’s market research analyst, the global polyurethane market is anticipated to grow at a CAGR of more than 7% during the forecast period. One of the major growth drivers for this market is the increased use of bio-based polyurethane in construction applications. Rigid polyurethane foam has extensive usage in thermal insulation of walls for buildings, vessels for refrigerated cargo, light-weight products used in construction and automotive applications, pipelines, and cryogenic wind tunnels. These foams have preference over conventional materials such as fiberglass and mineral wool due to the relatively higher insulation offered by them. Also, these foams increase the living space and offer excellent energy efficiency. In addition, the increased use of polyurethane coatings due to stringent government regulations for greener and sustainable environment is expected to provide tremendous opportunities for the market growth in the coming years.
APAC is the largest revenue-generating region in the polyurethane market and is anticipated to account for around 46% of the total market share. Much of the region’s growth is due to the rising demand from construction, bedding and furniture, packaging, automotive, footwear, and electronics industries. Urbanization and industrialization, coupled with the growing requirement for energy-efficient buildings are enhancing the need for insulation, which will boost the demand for bio-based polyurethane in the region in the coming years.
Competitive landscape and key vendors
Proppants are small-sized particles used to prevent the closing of fissures and fractures in a shale rock once it has been hydro-fractured. Two popular types of proppants are grains of silica sand (raw or resin-coated) and man-made (engineered) based on ceramic. The selection criteria of proppants depend on many factors because they have to pass through high pressures, temperatures, and fluids such as water (fresh and salt), oil, and gas. The most popular proppant selection factors are size, shape, strength, and density. Typical proppant sizes are between 8 and 140 mesh, i.e., 106 µm-2.36 mm. The proppant shape is important because it influence the final permeability through the fracture.
Technavio's analysts forecast the global proppants market to grow at a CAGR of 10.58% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global proppants market for 2015-2019. The report further provides data on the market based on the following:
• Product type (frac sand, resin-coated sand, and ceramic proppants)
• Geography (North America, Asia Pacific, Europe, and ROW)
Technavio’s report, Global Proppants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on product types, and geography-based segmentation of proppants. The report provides comments on both the existing market landscape and the growth prospects in the coming years. The report further includes a discussion of the key vendors operating in this market.
• Carbo Ceramics
• JSC Borovichi Refractories Plant
• Mineração Curimbaba
• Preferred Sands
• Saint-Gobain Proppants
About Lubricant Additives
Lubricant additives are chemical compounds that are used to improve the performance of lubricant formulations. In addition to improving the performance characteristics of lubricating oils, these additives aid significantly in the development of prime movers and industrial machinery. The development of modern passenger car engines, hypoid gears, automatic transmissions, high-speed gas and steam turbines, rail and marine diesel engines, industrial processing machinery, as well as many other types of equipment, would have been greatly retarded in the absence of these additives and the associated performance benefits. These additives also play a significant role in the emissions and energy management in various automotive and industrial end uses.
Technavio's analysts forecast the global lubricant additives market to grow at a CAGR of 2.68% during 2014-2019.
Covered in this Report
The report presents data on the following segments of the market:
• Type: dispersants, viscosity index improvers, detergents, anti-wear and antioxidants, corrosion inhibitors, friction modifiers, and emulsifiers
• End-use: automotive lubricant, metal working fluid, industrial engine oil, grease, and process oil
• Geography: North America, EMEA, APAC, and ROW
Technavio’s report, Global Lubricant Additives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage of various types of products, end-user segments, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
Also called alkenes, olefins are a group of organic compounds that constitute the building blocks of polymers and other petrochemicals. These compounds contain carbon and hydrogen atoms and have at least one double bond in their structure, which is exploited to form a range of oligomers and polymers. Ethylene and propylene are the primary olefins and are obtained through natural gas or cracking naphtha. These olefinic structures vary in the carbon chain length and are used to manufacture plastics, lubricants, fibers, and elastomers.