Materials Industry Forecast

Surfactants Market Overview:

Surfactants Market has increased its market growth in recent years and is expected to grow at a rapid pace during the forecasted period. The global market of Surfactants is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2018 – 2023).

Surfactants Market is estimated to witness robust growth due to growing demand from construction sector and continuous growth of paint & coatings industry across the globe. Furthermore, anionic surfactants are emerged as the largest type segment due to increasing demand for linear alkyl benzene in cleaners and detergents due to unique properties with this aforementioned reason the market is expected to register strong growth in the near future.

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Surfactants Market Key Players:

Global Surfactants industry Players are: Akzo Nobel N.V (Netherland), Air Products and Chemicals Inc (U.S.), Clariant AG (Switzerland), E. I. Du Pont De Nemours & Co (U.S.), Evonik Industries AG (Germany), Huntsman Corporation (U.S.), KAO Corporation (Japan), Solvay (Belgium), Stepan Company (U.S.) and Galaxy Surfactants Ltd. (India) among others.

Surfactants Market Application:

Surfactants has found numerous application such as in Household detergents, Toiletries/personal care, Industrial and institutional cleaning, Textiles, Pulp and paper and in Others including polymers, paints and coating, leather, oil field chemicals, agro-chemical formulations, etc. Surfactants are gaining huge traction in the current time, owing to its wide range of applicability especially, and its huge demand in the industrial applications. Surfactants value chain and the interplay between oleo chemical and petrochemical routes. Indeed, the prices of fats and oils have also declined in 2015—however, not to the same extent as for crude oil.

Study Objectives of Surfactants Market:

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global COVID-19 analysis on surfactants market report

To provide insights about factors affecting the market growth

To analyse the global surfactants market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)

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Silicon Carbide Market Overview

Market Research Future (MRFR) report on the global silicon carbide market (2016-2023) studies the COVID-19 analysis on the key points that influence the growth of the market. The report discusses current competitors and global market trends, providing a thorough overview of both growth drivers and constraints, which may have a positive or negative effect on the industry's outlook during the forecast period.

Silicon carbide (SIC) is also identified as carbrundum and is a silica and carbon compound. SIC is one of the hard materials with outstanding performance, power switching frequency, and power rating compared to silicon. In addition, it has the potential to deliver high power switching applications in an extreme environment. Silicon carbide is an extensive gap semiconductor material used in semiconductor electronic devices that work at high temperatures or high voltage. This property has made silicon carbide highly preferable for end-use applications.

Market Dynamics

Over the last seven years, the global demand for silicon carbide has seen steady growth and is heading into an expansion phase. Growth in this market is due to strong demand from the steel manufacturing and steel processing industries and its recycling units. The steel industries in the Asia Pacific is expected to contribute significantly in the coming years. The growing automotive industry around the globe also plays a crucial role in global growth. As per the OICA, China has emerged as a worldwide leader in automotive production with an annual growth rate of over 8%, which is expected to result in a significant rise in the demand in the coming years. In the last few years, the replacement of established pure silicon technology has risen year by year, increasing global demand for silicon carbide. Although growth in this market is held back by high costs associated with silicon carbide devices. Due to low production yields and low production volumes, silicon carbide products are priced at comparatively higher costs, which has posed as growth restraints.

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Market Segmentation

The global market for silicon carbide has been segmented based on product and application.

Based on products, the global market for silicon carbide has been segmented into green silicon carbide, black silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes, and micro grit).

Based on application, the global market for silicon carbide has been segmented into steel and energy, aerospace and aviation, automotive, military and defense, electronics and semiconductors, medical and healthcare, and others. Steel and energy are the dominant segments for which silicon carbide is widely used, followed by electronics and semiconductors and the automotive segment. Medical and healthcare services are expected to see the fastest growth in the next five years.

 Regional Analysis

Region-wise, the global silicon carbide market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

In 2016, Asia Pacific emerged as one of the most promising markets in the world and had the highest market share in terms of both value and volume. After gaining more than half of the global economy, Asia Pacific is projected to continue leading over the forecast period. Increased sales of the various driver segments, such as steel and energy, electronics, semiconductor and automotive, are responsible for the region's growth. India and China are jointly driving the Asia Pacific market because of the increasing demand for steel and energy powered by industrial and infrastructural growth.

North America is another attractive growth market, dominated by automotive demand. The region is expected to grow substantially due to the massive demand for commercial vehicles. The United States is one of the five largest commercial vehicle manufacturing markets in the world due to the growing demand for silicon carbide.

In the coming years, Europe will continue to expand, including major markets such as Russia, Germany, and the Netherlands. Established aerospace and aviation industries have contributed significantly to regional growth.

 Key Players

Some of the leading participants in the global silicon carbide market are Carborundum Universal (India), Entegris Inc (US), ESK SIC GmbH, Renesas Electronics Corporation (Japan), Norstel AB (Sweden), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Grindwell Norton (India), Microsemi Corporation (US), Dow Chemical Company (US), and others.

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Phenolic Resins Market Overview

Phenolic resins are synthetic polymers which are formed by step-growth polymerization. They are known for their outstanding heat resistance and belong to the category of thermo set resins. Phenolic resins find their application in a myriad of industrial products. Phenolic resins are used in molding, insulation, laminated veneer lumber, laminates, sand binders, coatings, foams, abrasives and others.

They are widely used as wood adhesives owing to high bonding strength, heat resistance, excellent water resistance and chemical stability. Being relatively inexpensive and highly versatile, they are used intensively in automotive, electrical, construction and appliance industries. Some features typical of phenolic resins are high strength level, high mechanical stability, excellent fire, and smoke, and low toxicity, superior electrical and thermal insulating capabilities which are driving the market. Market Research Future (MRFR), projects that the global phenolic resins market will grow steadily during the forecast period 2015-2027. Increasing application of phenolic resins in end-user industries has contributed to the growth of the market.

 Growing R&D activities and increased customization offer lucrative growth opportunities. Increasing demand for phenolic resins in aerospace, transportation and automotive industry has further driven the growth of the market. Due to its versatile nature, more and more industries are trying to integrate phenolic resins into their products to improve their performance. However, environmental regulations regarding formaldehyde emissions might hamper the growth of the market. Phenolic resins are made up of phenol which is a petroleum-based product. Declining fossil fuel reserve coupled with the high price of petroleum might constrain the use of phenolic resins. Furthermore, fluctuations in the price of raw materials, threat from alternatives, high manufacturing, and processing and production costs are major hindrances to the market.

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Segmentation

The global phenolic resins market has been segmented based on types and applications. By types, the market has been segmented into novolacs and resoles and by applications, the market has been segmented into automobiles, construction, wood adhesives, laminates, molding and others.

 Regional Analysis

The North America market for phenolic resins is estimated to propel owing to increased industrial activity, rebounding housing activities, and developing applications of phenolic resins in the motor vehicle market in the region. Asia-pacific market for phenolic resins is expected to grow considerably during the forecast period owing to ongoing industrialization and rapid constructional and infrastructural activities in developing economies. The Europe market too is favorable for phenolic resins owing to factors such as well-established infrastructure, availability of skilled workforce, high level of economic stability, investment in R&D, however, the market can be influenced due to shift in base of industries from Europe to emerging economies like Asia. The Middle East & Africa market is not so consolidated due to poor socio-economic conditions and a lack of skilled workforce.

 Competitive Landscape

The global market for phenolic resins is highly competitive and fragmented with a large number of players operating in the industry. Hitachi Chemical, BASF, DIC Corporation, Georgia Pacific Chemicals, Kolon Industries, Mitsui Chemicals, SI Group, Georgia Pacific Chemicals, Sumitomo Bakelite and others are the major players operating in the industry. The existing market participants are implementing various strategies such as collaboration, partnerships, product launches and mergers to gain substantial competitive edge over other players.

 Industry Trends/Updates

Researchers have come up with a new application of phenolic resins for printing purposes of cash register receipts, tickets and labels. They would be used an alternative to bisphenol A (BPA) which has hazardous health effects.

Growing introduction of carbon nanofibres in phenolic resins for carbon-contained refractory- Carbon nanofibers, due to their superior mechanical and thermal properties are finding novel applications in various industries including phenolic resins industry.

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Xylene Market Overview

The global xylene market is expected to exhibit steady growth over the forecast period, driven by the steady demand from end-use industries such as automotive, textile, paints and coatings, and chemicals, according to the latest research report from Market Research Future (MRFR).

Xylene Market Segmentation:

The global xylene market outlook is segmented on the basis of type, application, and region.

By type, the global COVID-19 analysis on xylene market report is segmented into O-xylene, M-xylene, and P-xylene.

By application, the global xylene market analysis is segmented into automotive, textiles, chemical, oil and gas, leather, paints and coatings, rubber, and others. The automotive industry is likely to remain the major end user in the global xylene market over the forecast period.

Xylene Market Competitive Analysis:

Leading players in the xylene market include LG Chem, The Dow Chemical Company, ExxonMobil Corporation, Formosa Plastics Corporation, Toray Industries Inc., Chevron Philips Chemical Company, Huntsman Corporation, BASF SE, China National Petroleum Corporation, and Eastman Chemical Company.

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Xylene Market Regional Analysis:

Asia Pacific is likely to hold the largest share in the global xylene market growth over the forecast period due to the growing demand for xylene in the paints and coatings industry, including automotive paints and coatings, as well as the chemicals industry and textile industry. The automotive industry is likely to remain the major end user of xylene in the global market due to the growing demand for xylene in the paints, sealants, and coatings used on automotive components such as gearboxes, engines, and others. The growing automotive industry in Asia Pacific is likely to remain the major driver for the xylene market in the region over the forecast period. The automotive industry in Asia Pacific has grown by leaps and bounds over the last few decades thanks to the liberalization of the economy in India and China, among others, and the growing automotive production in China, Japan, and South Korea. The growing number of automobiles produced in these countries is likely to remain a major driver for the xylene market in the region over the forecast period.

The growing paints and coatings industry in Asia Pacific is also likely to be a major driver for the global xylene industry over the forecast period. The paints and coatings industry in the region has been driven by the growing construction industry, as the increasing number of residential, industrial, and commercial complexes are demanding paint jobs and weatherproof coatings. The growing construction industry in major developing economies such as India and China is likely to remain a major driver for the xylene market in the region over the forecast period.

North America is also a major market for xylene and is likely to retain a dominant share in the global market over the forecast period due to the growing demand for xylene from the automotive and paints and coatings industries. The growing demand for renovation of construction and infrastructure projects in North America has led to a growing demand from the paints and coatings industry, leading to a growing demand from the xylene market. The growing infrastructure expansion projects in the U.S., Canada, and Mexico are likely to be a major driver for the paints and coatings industry in the region over the forecast period, thus driving the demand from the xylene market. The growing automotive industry is also likely to be a major driver for the xylene market in North America over the forecast period, as the awareness regarding the use of environmentally viable coatings and sealing products in automotive applications has driven the demand from the xylene market. Growing automotive production from major automotive giants such as GM, Ford, Mercedes, and BMW is likely to be a major driver for the xylene market in North America over the forecast period.

Europe is also likely to remain a major regional market for xylene over the forecast period, mainly due to the growing demand from the automotive industry. The Middle East and Africa is not likely to leave a major mark on the global xylene market in the coming years, as the industrial output in the region is fairly low.

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Silica Aerogel Market Overview

Aerogels can be defined as a synthetic ultra-light material that can be sourced from the gel and in it, the liquid gets replaced by gas.  The proper analysis of it would include several types like carbon, silicon, polymers, and others. The market finds strong application of Silica aerogels, which can be derived using the modified Stober process. Silica aerogel is known for its excellent properties like cost-effective, enhanced thermal insulation, and recyclable. These features also simplify the process of its integration in several end-user industries like aerospace & defense, building insulation, oil & gas, and transportation.

End user industries are projecting better growth opportunities for silica aerogel market. The forecast period of 2017-2023, as mentioned by Market Research Future (MRFR), assessed the proper impact of industrialization and urbanization to find how the market is slated to grow in the coming years. Its excellent thermal insulations can influence the integration process of silica aerogel in the oil and gas industry. Silica aerogel thermal conductivity can also be given importance to understand its impact on the aerospace industry.

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Silica Aerogel Market Competitive Landscape:

There are several companies that can work well for the global market silica aerogel by implementing their latest strategies and initiating plans that would motivate the market for better growth. These companies are The Dow Chemical Company (U.S.), BASF SE (Germany), Aspen Aerogels Inc. (U.S), Cabot Corporation (U.S.), JIOS Aerogel Corporation (Korea), Aerogel Technologies (U.S.), CF Technologies (U.S.), Svenska Aerogel Holding AB (Sweden), Ocellus Inc (U.S.), and others. MRFR recorded the profiles of these companies to make sure that companies can leverage the reading for a better understanding of trends.

Silica Aerogel Market Regional Analysis:

Industries are enjoying robust growth in North America as the setups for these industries are providing much tailwind. Apart from these, the constant influx of investment from manufacturers and the high intake capacity of end users is going to provide ample traction to the market. The regional automotive sector is getting revamped that can inspire better growth. The budgetary allocation for defense is also favoring the market. It can be discerned well from the presence of a country like the US. Canada is also playing a crucial role in taking the regional market ahead. The European market has a better provision in the field of the automotive industry.

stry where silica aerogel powder is finding better growth. Silica aerogel insulation is also needed in the construction sector and oil & refineries owing to which the regional market can find better growth traction. The Asia Pacific region has the provision to register the fastest growth rate. This can be attributed to the oil & gas activities where the market has a better scope for growth. Especially, in countries like India and China, this growth would be substantial. The automotive sector is also expanding with the traction it is receiving from global players who are considering the market for its great potential in supplying enough raw materials and cost affordable labor. The market in the Middle East & Africa would gain much from the oil exploration activities and it can boost substantial growth.

Silica Aerogel Market Segmentation:

The global COVID-19 analysis on silica aerogel market report can be segmented by form and end-use industries. This segmentation is known for its specific provision of various details with a focus on end players that can lead the market towards better growth.

By form, the market for silica aerogel can be segmented into panel, monolith, blanket, and others. Its use in Silica Aerogel Insulation can improve segmentation growth.

By application, the market for silica aerogel can be segmented into industrial insulation, oil & gas, building insulation, automotive, aerospace, and others. These industries are going to boost the silica aerogel price in the coming years.

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Graphite Market Overview

The global graphite market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the graphite market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the graphite market’s growth trajectory over the forecast period are provided in the report. The leading players in the global graphite market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global graphite market. The major drivers and restraints affecting the global graphite market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Graphite is a form of crystalline carbon with high heat resistance and excellent thermal and electrical conducting properties. This makes it perfect for use in high-temperature steelmaking applications as well as the manufacturing of electrodes and refractories. Apart from these applications, graphite is also used in the automotive, metallurgy, coatings, and battery industries due to its high heat resistance. Graphite is also widely used in pencil production, as the softness of graphite allows it to leave an imprint on paper easily. The growing use of graphite in metallurgy applications is the major driver for the global graphite market. The growing demand for steel in construction applications is the major driver for the global graphite market, as this has driven the demand for graphite in high-temperature steelmaking applications.

Graphite is also used in the production of nuclear moderators. This is also a key driver for the global graphite market, due to the growing use of nuclear energy in developing economies. On the other hand, the increasing restrictions on nuclear energy in developed countries are likely to restrict the global graphite market to a moderate level.

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Graphite Market Competitive Analysis:

Leading players in the global graphite market include HEG Ltd., Graphite India Limited, GrafTech International Ltd., Mersen SA, SGL Carbon SE, NextSource Materials Inc., Focus Graphite Inc., Mason Graphite Inc., Hexagon Resources Ltd., and Triton Minerals Ltd.

Segmentation:

The global graphite market is segmented on the basis of form, application, and region.

By form, the global graphite market is segmented into amorphous and synthetic.

By application, the amorphous graphite segment is segmented into metallurgy, pencil production, refractories, coatings, and lubricants. The metallurgy segment holds a dominant share in the global amorphous graphite market and is likely to retain the position over the forecast period due to the growing demand for amorphous graphite in steelmaking applications. The metallurgy segment accounted for 36% of the amorphous graphite market in 2016. Pencil production is also a major application for amorphous graphite and is likely to remain a major shareholder in the global graphite market over the forecast period.

The synthetic graphite market is segmented by application into aerospace, batteries, carbon brushes, electrodes, and moderator rods. The aerospace and batteries segments hold dominant shares in the global synthetic graphite market.

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Regional Analysis:

Asia Pacific is expected to grow at the highest growth rate over the forecast period due to the growing demand for graphite in steelmaking applications. The growing construction industry in Asia Pacific is the major driver for the steel market in the region, driving the demand for graphite in the region. The growing government investment in residential as well as industrial construction and the growing spending capacity of consumers in the region are the major drivers for the construction industry in the region. The increasing number of schoolchildren in the growing region is also likely to remain a major driver for the graphite market, due to the growing demand for graphite in pencil making.

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Adhesives and Sealants Market Overview

The global adhesives and sealants market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the adhesives and sealants market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the adhesives and sealants market’s growth trajectory over the forecast period are provided in the report. The leading players in the global adhesives and sealants market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global adhesives and sealants market. The major drivers and restraints affecting the global adhesives and sealants market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Adhesives and sealants are used in a wide range of industries to bind two substances together. Sealants are mainly used to block the movement of fluids through surface interfaces, whereas adhesives are mainly used to hold two surfaces together. The growing automotive and construction industries are likely to be a major driver for the global adhesives and sealants market over the forecast period. The construction industry uses adhesives and sealants in numerous applications, including carpet laying, flooring underlayment, countertop lamination, and ceramic tiles, among others. The growing residential construction industry in emerging economies is likely to be a major driver for the global adhesives and sealants market over the forecast period. Countries such as India and China are likely to remain at the forefront of the adhesives and sealants market over the forecast period due to the growing residential construction industry in the two countries. The automotive industry is also a major consumer of adhesives and sealants in order to provide a foolproof product to consumers.

Competitive Leaderboard:

Leading players in the global adhesives and sealants market include Henkel AG & Co. KGaA, H. B. Fuller Company, Ellsworth Adhesives, Eastman Chemical Company, The Dow Chemical Company, BOSTIK SA, Beardow Adams, Avery Dennison Corporation, Ashland, and 3M.

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Adhesives and Sealants Market Segmentation:

The global adhesives and sealants market is segmented on the basis of technology, product type, application, and region.

By technology, the global adhesives and sealants market is segmented into water-based, solvent-based, hot melt, and reactively based.

By product type, the global adhesives and sealants market is segmented into acrylic, polyurethane, polyvinyl acetate, epoxy, and others.

By application, the global adhesives and sealants market is segmented into pressure sensitive, construction, automotive, packaging, furniture, and others. The pressure sensitive segment holds a dominant 25% share in the global adhesives and sealants market and is likely to be a major consumer of adhesives and sealants over the forecast period, closely followed by the construction industry.

Regional Analysis:

Asia Pacific holds a dominant share in the global adhesives and sealants market due to the growing consumption of acrylic adhesives in pressure sensitive, construction, automotive, and other applications. The growing construction and automotive industries in Asia Pacific are likely to remain a major driver for the global adhesives and sealants market over the forecast period.

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Cold Insulation Market – Brief Insights

Cold insulation forms an important part of industries that need better energy rates. Without these the manufacturing process would become quite tedious as a lot of energy would be lost. In the last few years, this process has established itself as pretty useful and proficient. And owing to this fact the global cold insulation market has gained momentum.

In simple terms cold insulation can be explained as a procedure that is undertaken to avoid energy leakages in huge systems and also to enhance the energy efficiency. This technology forms an integral part of systems like HVAC and refrigerators. Furthermore, they have also proven to be proficient for industries like oil & gas and chemicals. On the whole, it can be concluded that the global cold insulation market is at its prime as of right now and it will continue to climb ladders of success in future as well.

Market Scenario

At present, the industrial segment is experiencing an all-time high demand for energy efficiency, it is ready to accept any new technology that allows it to do so. Thus, it can be confidently said that the global cold insulation market will grow by leaps and bounds in the coming years. In terms of revenue, the market is expected to assimilate a whopping amount of around USD 5million. During the forecast period of 2017-2021, the market is projected to move ahead at the CAGR of 8%.

There are a number of factors that can be held responsible for the growth and success of this market. High energy prices can be termed as a chief growth factor for this industry. Big enterprises want to curb their expenses and hence opt for this technology, out of which ultimately the market gets benefitted.

Additional factors that further foster the growth of the industry are stringent government laws with respect to energy efficiency, presence of an experienced & knowledgeable workforce, lesser cost of manufacturing and higher awareness amongst the masses regarding toxic carbon dioxide emissions.

Although, the market may experience one minor restraint which is the health hazards brought about by inappropriate material handling. However, experts believe that in the coming years, this market will overcome this minor issue and emerge to be victorious.

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Market Segmentation

The worldwide COVID-19 analysis on cold insulation market has been segmented into three equal parts. They can be listed as applications, geographies and cold insulation market types.

When it comes to applications, the market has been divided into HVAC, oil & gas, refrigeration and chemicals.

Geographically, the market has its reach across various areas of the world like North America, Europe, Asia Pacific and Rest of the World. Out of these regions Europe leads the market with the largest chunk of shares. Its lead can be attributed to various aspects like strict government laws of this country regarding sustainable materials, greenhouse gas emissions guidelines and energy saving guidelines. Asia Pacific is the second in line followed by other areas.

Lastly, on account of types, the market has been segregated into polystyrene foam, phenolic foam, fiber glass and polyurethane foam.

Market Players & Key Strategies

Some of the major players of this market can be listed as Evonik Industries, BASF SE, Bayer Material Science, The Dow Chemical Company and Huntsman Corporation. The two major growth strategies employed by these players are strategic expansion over countries and joint ventures.

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Dimethyl Ether (DME) Market Overview

Dimethyl Ether (DME) is gathering momentum as an environment-friendly material. It has drawn significant commercial interest in recent years. Minimum or zero afterburn residue of DME makes it a highly marketable material. Market Research Future (MRFR’s) reports that the global COVID-19 analysis on DME market will exhibit a sound growth during the during 2017 to 2023.

In normal pressure and temperature, DME is present in gaseous form however at lower temperature it tends to change into liquid. The suitable chemical properties make DME easy to store and transport. Application of DME is growing is segments such as automotive, power generation and household. The product is gaining popularity owing to superior chemical and physical properties.

Market opportunities are also coming from it increasing use at an alternative fuel to LPG. Growing emphasis on use of eco-friendly fuel for combustion engines is partly driving the demand for dimethyl ether. In addition, growth of end-user verticals such as oil & gas and automotive is reflecting favourably on the global dimethyl ether market.

Dimethyl Ether (DME) Market Competition Analysis

Some of the leading companies operating in the global dimethyl ether industry include China Energy Limited (China), Mitsubishi Corporation (Japan), Ferrostaal GmbH (Germany), Jiutai Energy Group (China), Akzo Nobel N.V. (the Netherlands), Zagros Petrochemical Company (Iran), The Chemours Company (U.S.), Grillo Werke AG (Germany), Royal Dutch Shell plc (the Netherlands) and Oberon Fuels (U.S.)

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Global Dimethyl Ether Market: Segmental Analysis

The segmental analysis of the market has been conducted on basis of application, raw materials and regions. By application, the market has been segmented into, aerosol propellant, transportation fuel, liquefied natual gas (LPG) blending and others. On the basis of raw material, the market has been segmented into biomass, coal, natural gas and others.

Global Dimethyl Ether Market: Regional Analysis

On the basis of region, the market has been segmented into Latin America, Europe, the Middle East & Africa (MEA), North America and Asia Pacific (APAC). The market in APAC is expected to witness the fast expansion during the forecast period. The market growth in the region is expected to driven by the increasing demand for coatings & paints and growth of the construction sector in countries such as China and India. These countries present attractive market opportunities owing to rapid industrialization and urbanization. Europe represent a relatively smaller slice of the market in terms of revenue. Countries such as Germany, the U.K., Netherlands are among the major contributors to the Europe dimethyl ether (DME) market in terms of revenue. In Europe, DME demand is mainly concentrated. in the automotive sector. DME is primarily used as lacquer and paints in automotive manufacturing. In terms of value, North America holds the third position in the global dimethyl ether (DEM) market. North America is led the U.S. which boast a present of a established end-use sector such as chemicals, automotive and construction.

The MEA also represents a bright market for DME. During the forecast period, the MEA DME market is expected to exhibit a strong growth but from a lower base. Consistent efforts towards economic diversification in generating tremendous investor confidence in the region. In Latin America, countries such as Brazil, Chile and Colombia are expected to remain among the key market for DME during the forecast period. 

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Peroxyacetic Acid Market Overview

The global Peroxyacetic Acid Market is expected to exhibit a strong 7.11% CAGR over the forecast period from 2016 to 2027, according to the latest research report from Market Research Future (MRFR). The global peroxyacetic acid market is studied in detail in the report, which takes into account the major drivers and restraints affecting the global market to provide detailed insight into the market’s present condition and future growth trajectory. Various components of the global peroxyacetic acid market are studied in the report in order to provide readers with a comprehensive view of the market’s dynamics.

Peroxyacetic acid, also called peracetic acid, is an effective sterilizing and cleaning agent and is thus widely used in cleaning and sterilizing applications. The biodegradability of peracetic acid is a major plus for the market, as it gives peroxyacetic acid an edge over other, nonbiodegradable cleaning and sterilizing agents used in various end-use industries. This has driven the demand from the peroxyacetic acid market and is likely to remain a major driver for the global peracetic acid market over the forecast period. Increasing governmental support for environmentally viable cleaning agents is likely to remain a major driver for the global COVID-19 analysis on peroxyacetic acid market over the forecast period.

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Peroxyacetic Acid Market Competitive Analysis:

Leading players in the global peroxyacetic acid industry include Seitz GmbH, Peroxychem, Enviro Tech Chemical Services, Christeyns, Promox S.P.A., Aditya Birla Chemicals, Ecolab, Evonik Industries, and Solvay Chemicals.

Research projects utilizing peroxyacetic acid are common and are likely to supply the market with a whole host of new opportunities over the coming years. In October 2019, fish researchers announced work on a new method to cure amoebic gill disease in salmon. The new method utilizes peroxyacetic acid in an important capacity.

Peroxyacetic Acid Market Segmentation:

The global peroxyacetic acid industry is segmented on the basis of type, application, and region.

By type, the global peroxyacetic acid market is segmented into disinfectant, sanitizer, and sterilant. The disinfectant segment accounted for the largest share of the global peroxyacetic acid market in 2016 and is likely to exhibit a strong 8.37% CAGR over the forecast period to retain its lead in the market.

By application, the global peroxyacetic acid market is segmented into food and beverages, healthcare, water treatment, pulp and paper, and others. The food and beverages segment holds the largest share in the global peroxyacetic acid market and is likely to remain the highest revenue generator over the forecast period. The food and beverages segment accounted for 27% of the global peroxyacetic acid market in 2016.

Peroxyacetic Acid Market Regional Analysis:

Europe holds the largest share in the global peroxyacetic acid market and is likely to remain the highest revenue generator over the forecast period due to the growing demand for packaged food in Europe and the growing demand for environmentally viable cleaners and sterilants. The latter point is likely to be especially vital to the global peroxyacetic acid market over the forecast period, as governments in Europe have taken strong steps to eliminate environmentally harmful chemicals from various industrial processes. Asia Pacific is expected to exhibit the highest CAGR over the forecast period.

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Surfactants Market Overview:

Surfactants Market has increased its market growth in recent years and is expected to grow at a rapid pace during the forecasted period. The global market of Surfactants is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2018 – 2023).

Surfactants Market is estimated to witness robust growth due to growing demand from construction sector and continuous growth of paint & coatings industry across the globe. Furthermore, anionic surfactants are emerged as the largest type segment due to increasing demand for linear alkyl benzene in cleaners and detergents due to unique properties with this aforementioned reason the market is expected to register strong growth in the near future.

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Surfactants Market Key Players:

Global Surfactants industry Players are: Akzo Nobel N.V (Netherland), Air Products and Chemicals Inc (U.S.), Clariant AG (Switzerland), E. I. Du Pont De Nemours & Co (U.S.), Evonik Industries AG (Germany), Huntsman Corporation (U.S.), KAO Corporation (Japan), Solvay (Belgium), Stepan Company (U.S.) and Galaxy Surfactants Ltd. (India) among others.

Surfactants Market Application:

Surfactants has found numerous application such as in Household detergents, Toiletries/personal care, Industrial and institutional cleaning, Textiles, Pulp and paper and in Others including polymers, paints and coating, leather, oil field chemicals, agro-chemical formulations, etc. Surfactants are gaining huge traction in the current time, owing to its wide range of applicability especially, and its huge demand in the industrial applications. Surfactants value chain and the interplay between oleo chemical and petrochemical routes. Indeed, the prices of fats and oils have also declined in 2015—however, not to the same extent as for crude oil.

Study Objectives of Surfactants Market:

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global COVID-19 analysis on surfactants market report

To provide insights about factors affecting the market growth

To analyse the global surfactants market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)

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Silicon Carbide Market Overview

Market Research Future (MRFR) report on the global silicon carbide market (2016-2023) studies the COVID-19 analysis on the key points that influence the growth of the market. The report discusses current competitors and global market trends, providing a thorough overview of both growth drivers and constraints, which may have a positive or negative effect on the industry's outlook during the forecast period.

Silicon carbide (SIC) is also identified as carbrundum and is a silica and carbon compound. SIC is one of the hard materials with outstanding performance, power switching frequency, and power rating compared to silicon. In addition, it has the potential to deliver high power switching applications in an extreme environment. Silicon carbide is an extensive gap semiconductor material used in semiconductor electronic devices that work at high temperatures or high voltage. This property has made silicon carbide highly preferable for end-use applications.

Market Dynamics

Over the last seven years, the global demand for silicon carbide has seen steady growth and is heading into an expansion phase. Growth in this market is due to strong demand from the steel manufacturing and steel processing industries and its recycling units. The steel industries in the Asia Pacific is expected to contribute significantly in the coming years. The growing automotive industry around the globe also plays a crucial role in global growth. As per the OICA, China has emerged as a worldwide leader in automotive production with an annual growth rate of over 8%, which is expected to result in a significant rise in the demand in the coming years. In the last few years, the replacement of established pure silicon technology has risen year by year, increasing global demand for silicon carbide. Although growth in this market is held back by high costs associated with silicon carbide devices. Due to low production yields and low production volumes, silicon carbide products are priced at comparatively higher costs, which has posed as growth restraints.

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Market Segmentation

The global market for silicon carbide has been segmented based on product and application.

Based on products, the global market for silicon carbide has been segmented into green silicon carbide, black silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes, and micro grit).

Based on application, the global market for silicon carbide has been segmented into steel and energy, aerospace and aviation, automotive, military and defense, electronics and semiconductors, medical and healthcare, and others. Steel and energy are the dominant segments for which silicon carbide is widely used, followed by electronics and semiconductors and the automotive segment. Medical and healthcare services are expected to see the fastest growth in the next five years.

 Regional Analysis

Region-wise, the global silicon carbide market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

In 2016, Asia Pacific emerged as one of the most promising markets in the world and had the highest market share in terms of both value and volume. After gaining more than half of the global economy, Asia Pacific is projected to continue leading over the forecast period. Increased sales of the various driver segments, such as steel and energy, electronics, semiconductor and automotive, are responsible for the region's growth. India and China are jointly driving the Asia Pacific market because of the increasing demand for steel and energy powered by industrial and infrastructural growth.

North America is another attractive growth market, dominated by automotive demand. The region is expected to grow substantially due to the massive demand for commercial vehicles. The United States is one of the five largest commercial vehicle manufacturing markets in the world due to the growing demand for silicon carbide.

In the coming years, Europe will continue to expand, including major markets such as Russia, Germany, and the Netherlands. Established aerospace and aviation industries have contributed significantly to regional growth.

 Key Players

Some of the leading participants in the global silicon carbide market are Carborundum Universal (India), Entegris Inc (US), ESK SIC GmbH, Renesas Electronics Corporation (Japan), Norstel AB (Sweden), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Grindwell Norton (India), Microsemi Corporation (US), Dow Chemical Company (US), and others.

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Phenolic Resins Market Overview

Phenolic resins are synthetic polymers which are formed by step-growth polymerization. They are known for their outstanding heat resistance and belong to the category of thermo set resins. Phenolic resins find their application in a myriad of industrial products. Phenolic resins are used in molding, insulation, laminated veneer lumber, laminates, sand binders, coatings, foams, abrasives and others.

They are widely used as wood adhesives owing to high bonding strength, heat resistance, excellent water resistance and chemical stability. Being relatively inexpensive and highly versatile, they are used intensively in automotive, electrical, construction and appliance industries. Some features typical of phenolic resins are high strength level, high mechanical stability, excellent fire, and smoke, and low toxicity, superior electrical and thermal insulating capabilities which are driving the market. Market Research Future (MRFR), projects that the global phenolic resins market will grow steadily during the forecast period 2015-2027. Increasing application of phenolic resins in end-user industries has contributed to the growth of the market.

 Growing R&D activities and increased customization offer lucrative growth opportunities. Increasing demand for phenolic resins in aerospace, transportation and automotive industry has further driven the growth of the market. Due to its versatile nature, more and more industries are trying to integrate phenolic resins into their products to improve their performance. However, environmental regulations regarding formaldehyde emissions might hamper the growth of the market. Phenolic resins are made up of phenol which is a petroleum-based product. Declining fossil fuel reserve coupled with the high price of petroleum might constrain the use of phenolic resins. Furthermore, fluctuations in the price of raw materials, threat from alternatives, high manufacturing, and processing and production costs are major hindrances to the market.

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Segmentation

The global phenolic resins market has been segmented based on types and applications. By types, the market has been segmented into novolacs and resoles and by applications, the market has been segmented into automobiles, construction, wood adhesives, laminates, molding and others.

 Regional Analysis

The North America market for phenolic resins is estimated to propel owing to increased industrial activity, rebounding housing activities, and developing applications of phenolic resins in the motor vehicle market in the region. Asia-pacific market for phenolic resins is expected to grow considerably during the forecast period owing to ongoing industrialization and rapid constructional and infrastructural activities in developing economies. The Europe market too is favorable for phenolic resins owing to factors such as well-established infrastructure, availability of skilled workforce, high level of economic stability, investment in R&D, however, the market can be influenced due to shift in base of industries from Europe to emerging economies like Asia. The Middle East & Africa market is not so consolidated due to poor socio-economic conditions and a lack of skilled workforce.

 Competitive Landscape

The global market for phenolic resins is highly competitive and fragmented with a large number of players operating in the industry. Hitachi Chemical, BASF, DIC Corporation, Georgia Pacific Chemicals, Kolon Industries, Mitsui Chemicals, SI Group, Georgia Pacific Chemicals, Sumitomo Bakelite and others are the major players operating in the industry. The existing market participants are implementing various strategies such as collaboration, partnerships, product launches and mergers to gain substantial competitive edge over other players.

 Industry Trends/Updates

Researchers have come up with a new application of phenolic resins for printing purposes of cash register receipts, tickets and labels. They would be used an alternative to bisphenol A (BPA) which has hazardous health effects.

Growing introduction of carbon nanofibres in phenolic resins for carbon-contained refractory- Carbon nanofibers, due to their superior mechanical and thermal properties are finding novel applications in various industries including phenolic resins industry.

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Xylene Market Overview

The global xylene market is expected to exhibit steady growth over the forecast period, driven by the steady demand from end-use industries such as automotive, textile, paints and coatings, and chemicals, according to the latest research report from Market Research Future (MRFR).

Xylene Market Segmentation:

The global xylene market outlook is segmented on the basis of type, application, and region.

By type, the global COVID-19 analysis on xylene market report is segmented into O-xylene, M-xylene, and P-xylene.

By application, the global xylene market analysis is segmented into automotive, textiles, chemical, oil and gas, leather, paints and coatings, rubber, and others. The automotive industry is likely to remain the major end user in the global xylene market over the forecast period.

Xylene Market Competitive Analysis:

Leading players in the xylene market include LG Chem, The Dow Chemical Company, ExxonMobil Corporation, Formosa Plastics Corporation, Toray Industries Inc., Chevron Philips Chemical Company, Huntsman Corporation, BASF SE, China National Petroleum Corporation, and Eastman Chemical Company.

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Xylene Market Regional Analysis:

Asia Pacific is likely to hold the largest share in the global xylene market growth over the forecast period due to the growing demand for xylene in the paints and coatings industry, including automotive paints and coatings, as well as the chemicals industry and textile industry. The automotive industry is likely to remain the major end user of xylene in the global market due to the growing demand for xylene in the paints, sealants, and coatings used on automotive components such as gearboxes, engines, and others. The growing automotive industry in Asia Pacific is likely to remain the major driver for the xylene market in the region over the forecast period. The automotive industry in Asia Pacific has grown by leaps and bounds over the last few decades thanks to the liberalization of the economy in India and China, among others, and the growing automotive production in China, Japan, and South Korea. The growing number of automobiles produced in these countries is likely to remain a major driver for the xylene market in the region over the forecast period.

The growing paints and coatings industry in Asia Pacific is also likely to be a major driver for the global xylene industry over the forecast period. The paints and coatings industry in the region has been driven by the growing construction industry, as the increasing number of residential, industrial, and commercial complexes are demanding paint jobs and weatherproof coatings. The growing construction industry in major developing economies such as India and China is likely to remain a major driver for the xylene market in the region over the forecast period.

North America is also a major market for xylene and is likely to retain a dominant share in the global market over the forecast period due to the growing demand for xylene from the automotive and paints and coatings industries. The growing demand for renovation of construction and infrastructure projects in North America has led to a growing demand from the paints and coatings industry, leading to a growing demand from the xylene market. The growing infrastructure expansion projects in the U.S., Canada, and Mexico are likely to be a major driver for the paints and coatings industry in the region over the forecast period, thus driving the demand from the xylene market. The growing automotive industry is also likely to be a major driver for the xylene market in North America over the forecast period, as the awareness regarding the use of environmentally viable coatings and sealing products in automotive applications has driven the demand from the xylene market. Growing automotive production from major automotive giants such as GM, Ford, Mercedes, and BMW is likely to be a major driver for the xylene market in North America over the forecast period.

Europe is also likely to remain a major regional market for xylene over the forecast period, mainly due to the growing demand from the automotive industry. The Middle East and Africa is not likely to leave a major mark on the global xylene market in the coming years, as the industrial output in the region is fairly low.

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Silica Aerogel Market Overview

Aerogels can be defined as a synthetic ultra-light material that can be sourced from the gel and in it, the liquid gets replaced by gas.  The proper analysis of it would include several types like carbon, silicon, polymers, and others. The market finds strong application of Silica aerogels, which can be derived using the modified Stober process. Silica aerogel is known for its excellent properties like cost-effective, enhanced thermal insulation, and recyclable. These features also simplify the process of its integration in several end-user industries like aerospace & defense, building insulation, oil & gas, and transportation.

End user industries are projecting better growth opportunities for silica aerogel market. The forecast period of 2017-2023, as mentioned by Market Research Future (MRFR), assessed the proper impact of industrialization and urbanization to find how the market is slated to grow in the coming years. Its excellent thermal insulations can influence the integration process of silica aerogel in the oil and gas industry. Silica aerogel thermal conductivity can also be given importance to understand its impact on the aerospace industry.

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Silica Aerogel Market Competitive Landscape:

There are several companies that can work well for the global market silica aerogel by implementing their latest strategies and initiating plans that would motivate the market for better growth. These companies are The Dow Chemical Company (U.S.), BASF SE (Germany), Aspen Aerogels Inc. (U.S), Cabot Corporation (U.S.), JIOS Aerogel Corporation (Korea), Aerogel Technologies (U.S.), CF Technologies (U.S.), Svenska Aerogel Holding AB (Sweden), Ocellus Inc (U.S.), and others. MRFR recorded the profiles of these companies to make sure that companies can leverage the reading for a better understanding of trends.

Silica Aerogel Market Regional Analysis:

Industries are enjoying robust growth in North America as the setups for these industries are providing much tailwind. Apart from these, the constant influx of investment from manufacturers and the high intake capacity of end users is going to provide ample traction to the market. The regional automotive sector is getting revamped that can inspire better growth. The budgetary allocation for defense is also favoring the market. It can be discerned well from the presence of a country like the US. Canada is also playing a crucial role in taking the regional market ahead. The European market has a better provision in the field of the automotive industry.

stry where silica aerogel powder is finding better growth. Silica aerogel insulation is also needed in the construction sector and oil & refineries owing to which the regional market can find better growth traction. The Asia Pacific region has the provision to register the fastest growth rate. This can be attributed to the oil & gas activities where the market has a better scope for growth. Especially, in countries like India and China, this growth would be substantial. The automotive sector is also expanding with the traction it is receiving from global players who are considering the market for its great potential in supplying enough raw materials and cost affordable labor. The market in the Middle East & Africa would gain much from the oil exploration activities and it can boost substantial growth.

Silica Aerogel Market Segmentation:

The global COVID-19 analysis on silica aerogel market report can be segmented by form and end-use industries. This segmentation is known for its specific provision of various details with a focus on end players that can lead the market towards better growth.

By form, the market for silica aerogel can be segmented into panel, monolith, blanket, and others. Its use in Silica Aerogel Insulation can improve segmentation growth.

By application, the market for silica aerogel can be segmented into industrial insulation, oil & gas, building insulation, automotive, aerospace, and others. These industries are going to boost the silica aerogel price in the coming years.

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Graphite Market Overview

The global graphite market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the graphite market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the graphite market’s growth trajectory over the forecast period are provided in the report. The leading players in the global graphite market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global graphite market. The major drivers and restraints affecting the global graphite market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Graphite is a form of crystalline carbon with high heat resistance and excellent thermal and electrical conducting properties. This makes it perfect for use in high-temperature steelmaking applications as well as the manufacturing of electrodes and refractories. Apart from these applications, graphite is also used in the automotive, metallurgy, coatings, and battery industries due to its high heat resistance. Graphite is also widely used in pencil production, as the softness of graphite allows it to leave an imprint on paper easily. The growing use of graphite in metallurgy applications is the major driver for the global graphite market. The growing demand for steel in construction applications is the major driver for the global graphite market, as this has driven the demand for graphite in high-temperature steelmaking applications.

Graphite is also used in the production of nuclear moderators. This is also a key driver for the global graphite market, due to the growing use of nuclear energy in developing economies. On the other hand, the increasing restrictions on nuclear energy in developed countries are likely to restrict the global graphite market to a moderate level.

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Graphite Market Competitive Analysis:

Leading players in the global graphite market include HEG Ltd., Graphite India Limited, GrafTech International Ltd., Mersen SA, SGL Carbon SE, NextSource Materials Inc., Focus Graphite Inc., Mason Graphite Inc., Hexagon Resources Ltd., and Triton Minerals Ltd.

Segmentation:

The global graphite market is segmented on the basis of form, application, and region.

By form, the global graphite market is segmented into amorphous and synthetic.

By application, the amorphous graphite segment is segmented into metallurgy, pencil production, refractories, coatings, and lubricants. The metallurgy segment holds a dominant share in the global amorphous graphite market and is likely to retain the position over the forecast period due to the growing demand for amorphous graphite in steelmaking applications. The metallurgy segment accounted for 36% of the amorphous graphite market in 2016. Pencil production is also a major application for amorphous graphite and is likely to remain a major shareholder in the global graphite market over the forecast period.

The synthetic graphite market is segmented by application into aerospace, batteries, carbon brushes, electrodes, and moderator rods. The aerospace and batteries segments hold dominant shares in the global synthetic graphite market.

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Regional Analysis:

Asia Pacific is expected to grow at the highest growth rate over the forecast period due to the growing demand for graphite in steelmaking applications. The growing construction industry in Asia Pacific is the major driver for the steel market in the region, driving the demand for graphite in the region. The growing government investment in residential as well as industrial construction and the growing spending capacity of consumers in the region are the major drivers for the construction industry in the region. The increasing number of schoolchildren in the growing region is also likely to remain a major driver for the graphite market, due to the growing demand for graphite in pencil making.

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Adhesives and Sealants Market Overview

The global adhesives and sealants market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the adhesives and sealants market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the adhesives and sealants market’s growth trajectory over the forecast period are provided in the report. The leading players in the global adhesives and sealants market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global adhesives and sealants market. The major drivers and restraints affecting the global adhesives and sealants market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Adhesives and sealants are used in a wide range of industries to bind two substances together. Sealants are mainly used to block the movement of fluids through surface interfaces, whereas adhesives are mainly used to hold two surfaces together. The growing automotive and construction industries are likely to be a major driver for the global adhesives and sealants market over the forecast period. The construction industry uses adhesives and sealants in numerous applications, including carpet laying, flooring underlayment, countertop lamination, and ceramic tiles, among others. The growing residential construction industry in emerging economies is likely to be a major driver for the global adhesives and sealants market over the forecast period. Countries such as India and China are likely to remain at the forefront of the adhesives and sealants market over the forecast period due to the growing residential construction industry in the two countries. The automotive industry is also a major consumer of adhesives and sealants in order to provide a foolproof product to consumers.

Competitive Leaderboard:

Leading players in the global adhesives and sealants market include Henkel AG & Co. KGaA, H. B. Fuller Company, Ellsworth Adhesives, Eastman Chemical Company, The Dow Chemical Company, BOSTIK SA, Beardow Adams, Avery Dennison Corporation, Ashland, and 3M.

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Adhesives and Sealants Market Segmentation:

The global adhesives and sealants market is segmented on the basis of technology, product type, application, and region.

By technology, the global adhesives and sealants market is segmented into water-based, solvent-based, hot melt, and reactively based.

By product type, the global adhesives and sealants market is segmented into acrylic, polyurethane, polyvinyl acetate, epoxy, and others.

By application, the global adhesives and sealants market is segmented into pressure sensitive, construction, automotive, packaging, furniture, and others. The pressure sensitive segment holds a dominant 25% share in the global adhesives and sealants market and is likely to be a major consumer of adhesives and sealants over the forecast period, closely followed by the construction industry.

Regional Analysis:

Asia Pacific holds a dominant share in the global adhesives and sealants market due to the growing consumption of acrylic adhesives in pressure sensitive, construction, automotive, and other applications. The growing construction and automotive industries in Asia Pacific are likely to remain a major driver for the global adhesives and sealants market over the forecast period.

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