Light Olefins Market 2018 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

Global Light Olefin Market   – Insights

The Global Light Olefin Market is a constantly growing space. Reasons being the extensive use and demand from some of the burgeoning sectors such as automotive, chemicals and O&G refineries among others. In 2016, the market had reached USD 254.6 bn. and is expected to value at USD 475.8 million by 2023, registering 5.58% CAGR throughout the forecast period (2017-2023).

Industries such as packaging, plastic processing, construction, and textile consume large amounts of light olefins like polyethylene, ethylene chloride, and ethylene oxide. Whereas, plastic processing, furnishing, and most importantly automotive industry generate a huge demand for light olefins like polypropylene, propylene oxide, acrylic acid among several other derivatives.

The augmenting demand for the crude oil predominantly drives the market growth. Simultaneously, the demand for the energy, construction, and clothing (textile) is surging more than ever, in the view of constantly increasing population, urbanization and industrialization. Whereas, improving economic conditions are enhancing consumers’ purchasing power. These factors commutatively provide impetus to the market growth.

Also, factors such as the proliferation of shale gas, which is extracted from ethylene, increasing O&G reserves’ exploration activities across the globe, and the increasing consumer preference for the plastic goods are estimated to drive the market growth over the assessment period.

Furthermore, the growing trend of using light olefins in the production of bio-fuel from bio-ethylene using corn and sugarcane due to the increasing demand for controlling carbon dioxide emissions is boosting the market growth of light olefin. On the other hand, ethylene is a toxic light olefin which can impact the environment and hence, the market growth adversely, restricting the uses of ethylene.

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Industry/ Innovation/ Related News:

May 17, 2018 – Dr. Hae-Kwon Jeong, Scientist at the Texas A&M University (US), presented the study of a novel method he developed to reduce the energy cost of important chemical separation. The traditional separation method requires the use of massive, energy-intensive distillation columns. The new method will separate light olefins such as ethylene and propylene that are from paraffin such as ethane and propane, considered as the most significant separations in chemical and petrochemical industries due to the similarity of their physical and chemical properties.

Global Light Olefin Market   – Geographical Analysis

Asia Pacific, in 2016 emerging as the leading market for Light Olefins, globally, accounted for 40% of the overall value share. The market is expected to witness a healthy CAGR of 6.22% over the forecast period. The factors substantiating the growth of the APAC Light Olefins Market include the augmenting demand for bio-fuel for efficient and high-performance vehicles in countries such as India, Japan, and China.

India, backed by the ample availability of low-cost biomass and raw materials like corn and sugarcane, accounts for the major producer of bio-ethylene and hence, the major contributor to the market growth in the region. Therefore, APAC accounting for the largest producer and consumer of Light Olefin is estimated to retain its dominance in the Global Light Olefin Market, registering the highest CAGR during the review period.

The North America market is another lucrative market for the Light Olefin. The market had valued at USD 151.1 Bn. in 2016 and is projected to witness over ~5% CAGR during the review period. The feedstock advantage and the low-cost supply of ethane, factors as such substantiate the growth of the market in the region. Accounting for the 78% of market share, The US is likely to remain as the major revenue pocket in the region by 2023.

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Isopropyl Alcohol Market 2018 | Emerging Trends, Highlights and Challenges Forecast 2023

Isopropyl Alcohol is a colorless and flammable chemical compound which dissolves a wide range of non-polar compounds. Isopropyl is a colorless liquid having disinfectant properties and used in the manufacture of a wide variety of industrial and household chemicals. It is commonly found in antiseptics, disinfectants and detergents. Isopropyl Alcohol finds its application in numerous purposes. It is used in circuit board manufacturing, electroplating, metal degreasing, paint manufacturing, pharmaceuticals, coating additives, fuel and fuel additives, lubricants, dye solutions, perfumes, soaps, cosmetics, printing, rubber manufacturing, laboratory chemicals and others. It is widely used as solvent owing to its less toxic nature as compared to other solvents, and evaporates quickly without leaving any traces of oil. The diverse use of Isopropyl Alcohol is propelling the market. The Global Isopropyl Alcohol Market is anticipated to hold potential growth prospects during the forecast period. Market Research Future (MRFR) projects a steady growth and encouraging estimated revenue and CAGR during the forecast period 2018-2023. Growth of end-users industries is boosting the Isopropyl Alcohol Market. Rising demand for organic solvents owing to efficient properties including high octane number and flammability characteristics and increasing environmental issues and stringent regulatory guidelines are stimulating the growth of the Isopropyl Alcohol Market. Steep demand is being pouring in from developing economies due to ongoing economic expansion, increasing hygiene awareness and growing automobile industry in the region. On the down side, serious health implications of isopropyl alcohol remains a hurdle to the Global Isopropyl Alcohol Market. It may cause depression or skin dermatitis. Occupational exposure to Isopropyl Alcohol has been found to cause severe health hazards in humans. Sufficient evidence has been found for the carcinogenicity of Isopropyl Alcohol and it causes cancer in those who are exposed to it. Fluctuations in the prices of raw materials such as sugar, bagasse, natural gas and corn starch might hinder the growth of the market.

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Market Segmentation

The Global Isopropyl Alcohol Market has been segmented based on applications and production methods. On the basis of applications, the market has been segmented into automotive, laboratory, medical, solvents and others. On the basis of production methods, the market has been segmented into indirect hydration, direct hydration and others. Isopropyl Alcohol is the most widely used solvent and has a wide range of application that extends beyond this list.

Regional Analysis

The key markets of the Global Isopropyl Alcohol are North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America market for Isopropyl Alcohol is consolidated owing to developed end user industry verticals in the region. Asia-Pacific is expected to emerge as a lucrative market for Isopropyl Alcohol due to the strong presence of cosmetic and personal care industry in the region and ongoing rapid industrialization and availability of cheap labor. Europe too has potential growth opportunities owing to increased demand of paint and coatings from the household and automotive industry. Latin America & the Middle East & Africa market are anticipated to grow at a moderately during the forecast period owing to demand from the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Competitive Landscape

The key players profiled in the research report include Crystal Clean Chemicals, Puritan Products, Avantor, Crystal Clean Chemicals, Linde, Huate Gas, Denoir Ultra Pure, Guangfu Fine Chemicals and others. The Global Isopropyl Market is characterized by the presence of several established players and appears to be highly competitive. Existing participants are incorporating acquisitions, collaboration, product launches, mergers, etc., to gain substantial edge over the market. The key players operating in the market compete on the basis of pricing, product, launch and reputation.

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Adhesives and Sealants Market 2018 | Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2023

Adhesives and Sealants Market – Overview

The product characteristics and efficacy of the Adhesive and Sealant Market have changed significantly in the last few years. Market intensive reports associated with the chemicals and materials industry among others recently have been made accessible by Market Research Future which issues reports on this industry.  The market for Adhesives and Sealants is expected to develop at a reasonable rate in the duration of the forecast period.

New consumer products have increased the demand for the Adhesives and Sealants to new levels. The use of adhesive & sealants has been indispensable since its inception. With the rise of synthetic polymers and the chemical industry, the range of adhesive and sealant formulations has expanded to a great extent. The penetration level of the products in daily applications has led to heightened demand levels for the market.

Industry Segments

The Adhesives & Sealants Market globally is segmented based on application, technology, and product. On the basis of the technology, the market is segmented into hot melt, water, solvent, and reactively based segments. The market on the basis of the product is further categorized into acrylic, polyvinyl acetate, polyurethane, epoxy, and others. Lastly, by applications, the market is additionally categorized into pressure sensitive, automotive, furniture, construction, packaging, and others.

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Detailed Regional Analysis

The Adhesives & Sealants Market consists of regions such as Europe, Asia Pacific, North America, the Middle East & Africa and Latin America. The Asia Pacific region controls a considerable portion of the market owing to the increasing consumption of acrylic adhesives in pressure sensitive, automotive, construction, furniture, packaging, and others. The pressure sensitive segment controls a principal portion and is expected to carry on its dominance of the market due to mounting demand for the market from the end-user industries for the duration of the forecast period. The North American region is also demonstrating significant growth owing to an amplified consumption of water-proof sealants in furniture, packaging, and other related sectors. It is expected that rising investments in the end-user industries are likely to drive the market in the region during the forecast period. The rising use of high-temperature adhesives in pressure sensitive and automotive segments have motivated market growth in various countries in the region.  On the other hand, the European market has perceived a steady growth rate owing to the application of new rules and regulations proposed by the government. These factors have encouraged the manufacturers and investors to shift their focus to eco-friendly products in nations such as the Germany, U.K, Italy, and France.

The Latin American region is estimated to growing consumption of composites and rising awareness of eco-friendly products in the industry which is expected to contribute to the industry positively. Moreover, the Middle East & African region is estimated to observe a higher growth rate in the market owing to the rising demand for silicone sealants in the end-use industries.

Global Competitive Analysis

The room for improvement within the market appears to be promising through the forecast period. The key trends and players have established an advantageous tone for development. The chances for developing revenue inflow within the commercial enterprise will probably multiply through the forecast duration. Portfolio improvement is being widely encouraged by market competitors to acquire high growth rates. Costs focused on customer retention, and attraction is estimated to be practical to the expansion of the market. The elements of the market associated with the pricing strength and income margins are likely to contribute in a significant way to the sales in the market. The ripple effects of the market’s boom will alter the aggressive backdrop of the marketplace. Localization is among of the more desired traits for growth in the market.

The noteworthy players in this market are Ashland Inc, Avery Dennison Corporation, BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany)  3M, B Fuller, Bolton Group B.V, Beardow & Adams (Adhesives) Ltd and Adco Global Inc to name a few of the competitors in the industry.

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Polyols Market 2018 | Global Growth by Manufacturers, Major Application Analysis & Forecast To 2023

The Global Polyols Market is segmented by Product Type, Application, End-Use Industry and Region.

On the Basis of the Product Type, the Global Polyols Market is segmented into polyether polyols, polyester polyols, and others. The polyether polyols accounted for the largest share of the Global Polyols Market in 2017 owing to its large-scale consumption in flexible and rigid polyurethane foams and is expected to exhibit a steady demand during the forecast period. However, superior properties imparted by the polyester polyols such as high tensile strength, abrasion & wear resistance, as well as solvent & oil resistance, to the polyurethanes are likely to increase its market demand during the forecast period.

On the Basis of the Application, the Global Polyols Market is segmented into flexible foams, rigid foams, CASE, and others. The flexible and rigid polyurethane foams are collectively expected to hold the largest market share is owing to their strong applications across various end-use industries during the forecast period.

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On the Basis of the End-User Industry, the Global Polyols Market is segmented into construction, automotive, furnishing, consumer appliances, footwear, and others. The construction industry extensively consumed polyols based polyurethane foams insulations in 2017 and is expected to continue growing during the forecast period owing to its growing adoption in developed countries such as North America and Europe. Moreover, automotive and furnishing industries are also expected to witness a growth in the demand during the forecast period. Growing consumer purchasing power is projected to contribute to industrial growth.

Competitive Analysis

Some of the key players in the Global Polyols Market are BASF SE (Germany), Covestro AG (Germany), Stepan Company (U.S.), Royal Dutch Shell PLC (Netherlands), DowDuPont, Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), China National Bluestar (Group) Co, Ltd. (China), Vertellus Holdings LLC (UK), INVISTA B.V. (U.S.), Expanded Polymer Systems Pvt. Ltd.  (India), N Shashikant & Co. (India), POLYOLS & POLYMERS PVT.LTD. (India), and Coim Group (Italy).

Regional Analysis

The Global Polyols Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to be the largest and fastest growing market for polyols during the forecast period, followed by Europe and North America. The Middle East & Africa is expected to witness an increasing demand for polyols during the forecast period. Latin America held the least share of the Global Polyols Market in 2017 and is expected to witness moderate growth during the forecast period.

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Metallocene Polyethylene Market 2018 | Technology, Applications, Growth and Region Forecast 2023

The Global Metallocene Polyethylene Market is segmented by Type, Catalyst Type, Application, End-Use Industry and Region.

On the Basis of the Type, the Global Metallocene Polyethylene Market is segmented into metallocene linear low-density polyethylene (mLLDPE), metallocene low-density polyethylene (mLDPE), metallocene high-density polyethylene (mHDPE), metallocene medium-density polyethylene (mMDPE), and others.  The mLLDPE segment held the largest share of the Global Metallocene Polyethylene Market in 2017 due to its large-scale consumption owing to its superior properties such as high tensile strength, puncture resistance and is expected to continue growing during the forecast period.

On the Basis of the Catalyst Type, the Global Metallocene Polyethylene Market is segmented into zirconocene, ferrocene, titanocene, and others. Zirconocene catalyst segment estimated to account for the largest market share under catalyst type category owing to its fast and long-term activity over other catalysts and is expected to continue dominance during the forecast period 2018-2023.

On the Basis of the Application, the Global Metallocene Polyethylene Market is segmented into packaging films, packaging sheets, injection molding, extrusion coating, and others. The packaging films accounted to hold the major market share owing to its large-scale consumption in packaging application across different end-use industries and is expected to show the fastest growth during the forecast period 2018-2023.

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On the Basis of the End-Use Industry, the Global Metallocene Polyethylene Market is segmented into the packaging, food & beverage, automotive, building & construction, agriculture, healthcare, and others. The packaging industry is expected to have the largest consumption of Metallocene Polyethylene owing to bolstering demand for packaging materials for wrapping applications in consumer as well as across other industries and thus is expected to continue leading during the forecast period.

Competitive Analysis

Some of the key players in the Global Metallocene Polyethylene Market are SABIC (Saudi Arabia), Exxon Mobil Corporation. (U.S.), Brentwood Plastics, Inc. (U.S.), Chevron Phillips Chemical Company (U.S.), Univation Technologies, LLC. (U.S.), TOTAL Petrochemicals USA, Inc (U.S.), Chemieuro (Spain), INEOS (UK), DowDuPont, Inc. (U.S.), Formosa Plastics Corporation (U.S.), Reliance Industries Limited (India), LyondellBasell Industries Holdings B.V. (Netherlands), and Borealis AG (Austria).

Regional Analysis

The Global Metallocene Polyethylene Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is expected to be the fastest growing market for Metallocene Polyethylene, followed by North America and then Europe. The Middle East & Africa and Latin America market are expected to showcase a sluggish growth during the forecast period 2018-2023.

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Anhydrite Market 2018 | Analysis Includes Growth, Trends, Technologies & Opportunities Forecast 2023

The Global Anhydrite Market is segmented by Type and Application.

Based on the Type, the Anhydride can be natural or synthetic. The synthetic type of Anhydrite is extensively used in buildings & construction materials. It is a raw material required for the production of cement, plasters, and flooring. It is used as a binder in plaster and cement due to its extremely shrinkage and swelling values. Furthermore, it is also used as a filler in the production of plastics and paper products. The Synthetic Anhydrite is used as a source of sulfur in the production of sulphuric acid.  The Global Anhydrite Market is segmented into soil treatment, construction, fertilizers, industrial applications, drying agents, and others. The soil treatment accounts for around 35% of the market share and is likely to remain dominant owing to the lack of agricultural land and increasing food consumption demand. The increasing use of anhydrite in various other applications is expected to fuel the market growth further over the assessment period.

Market Segmentation

Based on the Type, the Global Anhydrite Market is segmented into natural and synthetic. On the basis of the applications, the Global Anhydrite Market is segmented into soil treatment, construction, fertilizers, industrial applications, drying agents, and others.

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Competitive Analysis

Some of the prominent players operating in the Global Anhydrite Market are Solvay (Belgium), Vanich Gypsum Co. Ltd (Thailand), General Mining And Trading Co., Ltd (Thailand), USG Corporation (U.S.), Lafarge Holcim (France), Knauf Gips KG (Germany), Saint-Gobain SA (France), NATIONAL GYPSUM PROPERTIES, LLC (U.S.), Georgia-Pacific Gypsum LLC (U.S.), ANHYDRITEC (Cheshire), Mineralis Lucentum (Spain), Quzhou Zunlong Trading Co., Ltd. (China), Bisley & Company Pty Ltd. (Australia), BDH Gypsum (U.S.), and ACG Materials (U.S.).

Market Scenario

The Global Anhydrite Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific accounted for the major market share in 2016 owing to the growing industrialization and urbanization in developing countries such as China and India. The use of the product as a fertilizer is another driving factor of the market owing to the lack of cultivable land and presence of agricultural based countries.

North America was the second largest market in 2016 on account of growing use of fertilizers in the U.S. coupled with the rebounded construction activities.

The increasing demand for cement from the buildings & construction activities is projected to drive the Europe market.

The high production and exports of fertilizers in Brazil and Argentina are expected to fuel the market growth in Latin America.

The growing demand for the product from the infrastructural and construction activities in the GCC countries is expected to propel the market growth in the Middle East region.

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Zinc Oxide Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2018-2023

The Global Zinc Oxide Market is segmented by the Process, Application, End-Use Industry and Region.

On the Basis of the Process, the Global Zinc Oxide Market is segmented into the direct process (American process), indirect process (French process), wet chemical process, laboratory process, and others. French process held the larger share of the Global Zinc Oxide Market in 2017 owing to its high purity yield, which finds widespread use in demanding end-use industries such as cosmetics & personal care, healthcare, food & beverages as well as in rubber industry. However, American process also held the significant market share in Asia Pacific and Latin America region in 2017 owing to its low cost and for applications which can be work satisfactory even with low-grade ZnO such as rubber manufacturing, ceramics, paints & coatings, and others.

On the Basis of the Application, the Global Zinc Oxide Market is segmented into rubber, cosmetics ingredients, pharmaceuticals, food additives, ceramics, paints and coatings, and others. Rubber application segment was leading the Global Zinc Oxide Market in 2017 due to its growing demand from automotive industries on account of its growing consumer expenditure power across the globe and is expected to continue growing during the forecast period.

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On the Basis of the End-User Industry, the Global Zinc Oxide Market is segmented into building & construction, automotive, healthcare, cosmetics & personal care, food & beverages, and others. The building & construction industry accounted to hold the largest share of Zinc Oxide Market, followed by cosmetics & personal care industry in 2017 and is expected to show the similar growth during the forecast period 2018-2023.

Competitive Analysis

Some of the prominent players working in the Global Zinc Oxide Market are American Zinc Recycling LLC. (U.S.), U.S. Zinc (U.S.), Umicore N.V. (Belgium), GHC Ltd. (Canada), Weifang Longda Zinc Industry Co. Ltd. (China), SEYANG ZINC TECHNOLOGY (HUAI AN) CO., LTD. (China), Hakusuitech Co, Ltd. (Japan), Merck KGaA (Germany), Ace Chemie Zynk Energy Limited (India), Rubamin Limited (India), Akrochem Corporation. (U.S.), BruggemannGruppe (Germany), American Chemet Corporation (U.S.), Hindustan Zinc Ltd. (India), and Croda International Plc (U.K).

Regional Analysis

The Global Zinc Oxide Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  Asia Pacific is projected to be the major market for Zinc Oxide during the forecast period, followed by Europe, which is further trailed by North America. The Middle East & Africa is expected to exhibit increasing demand for Zinc Oxide during the forecast period. Latin America is likely to show moderate growth during the forecast period.

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Low Migration Inks Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

The Global Low Migration Inks Market is segmented by a printing Process, Substrate Type, End-Use Industry and Region.

On the Basis of the Printing Process, the Global Low Migration Inks Market is segmented into flexography, gravure, lithographic offset, digital, screen printing, and others. The flexography segment for the largest market share in 2017 owing to its high preference in developed countries such as North America and Europe on account of its fast working and high compatibility with range of substrates such as paper, film, cardboard, metal and is expected to be the most preferred printing process during the forecast period.

On the Basis of Substrate Type, the Global Low Migration Inks Market is segmented into corrugated boxes, flexible films, flexible paper, folding cartons, metals, and others. The flexible film substrate segment is expected to hold the largest share of the Global Low Migratory Inks Market in terms of consumption during the forecast period owing to its wide usage across the food & beverages, pharmaceutical, and cosmetics & personal care industries.

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On the Basis of the End-User Industry, the Global Low Migration Inks Market is segmented into food & beverage, pharmaceutical, cosmetics & personal care, and others. The food & beverages industry was leading the Global Low Migration Inks Market in 2017 owing to the stringent regulations for food labeling and packaging in developed as well as developing countries and is expected to continue growing at the same pace during the forecast period.

Competitive Analysis

Some of the key players in the Global Low Migration Inks Market are FlintGroup (Luxembourg), hubergroup Deutschland GmbH (Germany), INX International Ink Co. (U.S.), Kao Corporation. (Japan), Sun Chemical (U.S.), Siegwerk Druckfarben AG & Co. KGaA (Germany), HAPA AG (Germany), Agfa-Gevaert Group (Belgium), ALTANA (Germany), Epple Druckfarben AG (Germany), Zeller + Gmelin GmbH & Co. KG (Germany), Durst (Italy), Spgprints B.V. (Netherlands), Nazdar. (U.S.), and Wikoff Color Corporation (U.S.).

Regional Analysis

The Global Low Migration Inks Market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Europe is expected to be the fastest growing market for Low Migration Inks during the forecast period, followed by North America. Asia Pacific is also expected to witness a rising demand during the forecast period. The Middle East & Africa market is expected to witness increasing growth during the forecast period. Latin America is expected own the least share of the Global Low Migration Inks Market.

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Imaging Chemicals Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

The Global Imaging Chemicals Market is segmented on the basis of Product Type, Application and Region.

In the market, Imaging Chemicals are available in the form of various products namely imaging agents & toners, printing inks, image developers, anti-fogging agents, and others. Among these product types, the imaging agents & toners segment is expected to grow significantly due to the high investments in R&D, new product development, and their rising use in medical diagnosis. Some of the imaging agents widely used are tetraxetan & its derivatives for MRI, contrast agents containing iodine for X-ray, fluorescent imaging agents for funduscopy/ ophthalmoscopy, and others. Printing inks remain the second largest contributor owing to the growth of the printing & packaging and textile printing applications. Printing inks are used as binders, carriers, additives, and pigments in these applications, which is likely to propel the market growth. The anti-fogging agents are used in both film and paper developing to prevent fogging or blurring of the image by enhancing the image contrast boundaries, preventing bleed of silver halide crystals during exposure and development.

The application segment of Imaging Chemicals Market includes medical diagnostics, packaging & printing, textile processing, mining, and others. The medical diagnostics application is the dominating the Global Imaging Chemicals owing to the rising geriatric population and increasing cancer-related incidences across the globe. Furthermore, increasing health awareness amongst the consumers coupled with the high spending in health treatment is likely to fuel the demand for Imaging Chemicals in the medical sector. The technological advancements in packaging and textile processing are one of the factors projected to augment the market growth over the forecast period.

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Competitive Analysis

Some of the manufacturers operating in the Global Imaging Chemicals Market are Eastman Kodak Company (U.K), Vivimed Labs (India), DIC CORPORATION (Japan), Flint Group (Luxembourg),  SAKATA INX CORPORATION (Japan), TOYO INK SC HOLDINGS CO., LTD. (Japan), Siegwerk Druckfarben AG & Co. KGaA  (Germany), T&K TOKA Corporation (Japan), Fujifilm (Japan), and Qingdao Scienoc Chemical Co., Ltd (China).

Regional Analysis

The Global Imaging Chemicals Market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the largest market share in 2017 on account of the increasing demand from the medical sector. This growth can be attributed to the rising geriatric population and the health awareness amongst the consumers coupled with high disposable income of the people in this region.

The high demand from the medical, packaging, and mining applications is expected to drive the imaging chemicals market in North America.

Europe is projected to witness a significant growth due to the huge investment in the medical and healthcare sector in the region.

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Industrial Rubber Market 2018 | Challenges, Key Players, Industry Segments, Forecast Report 2023

The Global Industrial Rubber Market is segmented by Type, Product, Product Processing, End-Use Industry and Region.

Industrial Rubber occurs naturally or can be commercially synthesized. Natural Rubber is obtained from tree Hevea brasiliensis, the polymer content of which depends on a variety of factors such as weather, soil type, geographical area, and others. Various grades of Natural Rubber are a ribbed smoked sheet, air-dried sheet, and pale crepe rubber. However, Synthetic Rubber can be formed using crude oil by-products through emulsion polymerization techniques. Also, they contain lesser impurities, and their properties can be adjusted accordingly. Thus, the synthetic type industrial rubber is the leading segment.

The Global Industrial Rubber Market is segmented on the basis of the product into tires, seals, shock-absorbing parts, conveyor belts, hoses, roofing, adhesives & sealants, sports equipment, and others. Among these, the tires segment is leading the Global Industrial Rubber Market owing to the increasing sale of automotive, especially in the emerging economies.

The products formed by the rubber are processed using the various processes such as extrusion, roller dies calendering, coating, molding & casting. Among these, the roller die is the leading segment as it offers the better quality product as compared to the extrusion and calendering process.

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The End-User Industry segment includes automotive, building & construction, industrial manufacturing, electrical & electronics, and others. The high demand for rubber tires from the automotive industry is the major driver of the market growth. Also, the shifting focus towards the manufacturing of tires with increased fuel economy is expected to propel the demand for eco-friendly automotive. Following automotive, the building & construction segment accounts for the second largest market share and is projected to fuel the market growth due to the fast-paced urbanization in the emerging countries.

Regional Analysis

The Global Industrial Rubber Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the largest market share in 2016 on account of the high demand for Industrial Rubber from major end-use industries such as automotive, construction, and electronics.

North America accounted for the second largest market in 2016 on account of high demand for Industrial Rubber from the reviving construction, and automotive industries.

Europe is expected to grow considerably due to high production and sales of automotive parts and the high investment in healthcare.

Latin America and the Middle East & Africa are projected to witness significant growth owing to the growing automotive and infrastructure industry in respective regions.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

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