AkzoNobel N.V. (Netherlands) And PPG Industries, Inc. (US) Are The Key Players In The 2K Protective Coatings Market

The report “2K Protective Coatings Market by Resin Type (Epoxy, Polyurethane, Alkyd, Acrylic), End-use Industry (Oil & Gas, Petrochemical, Marine, Cargo Containers, Power Generation, Water and Waste Treatment), Application, and Region – Global Forecast to 2025” The global 2K protective coatings market size will grow to USD 10.8 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 4.8% during the 2020-2025 period. The use of 2K protective coatings in offshore structures/oil & gas exploration, production, and transmission and civil building & infrastructure is expected to increase in APAC in the next five years.

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The key market players are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), Nippon Paints Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Sika AG (Switzerland), and RPM International Inc. (US). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021. This strategy strengthened their market position and increased their presence in emerging economies.

AkzoNobel N.V. (Netherlands) is a diversified chemical company active in the fields of decorative paints and performance coatings. 2K protective coatings are offered under the performance coatings segment. AkzoNobel N.V. has a strong customer base and operates in more than 150 countries of Europe, Asia Pacific, South America, and the Middle East. In March 2020, AkzoNobel launched ultimate rust-busting metal paint, which is designed to usher in the next evolution in superior metal protection. Hammerite Ultima is suitable for use on all types of metal and provides a supreme protective barrier. It can also be applied directly onto any metal surface – as well as rust – without the need for a primer.

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PPG Industries, Inc. (US) manufactures and distributes coatings, optical & specialty materials, and glass products. The company operates through two business segments, performance coatings and industrial coatings. PPG has a strong customer base and operates in more than 70 countries of Europe, North America, Asia Pacific, the Middle East, Africa, and Latin America. In February 2021, PPG completed its acquisition of VersaFlex from DalFort Capital Partners. VersaFlex specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications. Financial terms were not disclosed. VersaFlex is an aggregation of four U.S.-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products, Inc.

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June 3, 2021 0

Proppants Market Worth $12.1 Billion By 2025 | At A CAGR of 9.1%

The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025.

The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation ni proppants technologies and the growing natural gas demand to ensure energy security is driving the proppants market during the forecast period.

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Proppants is treated sand or engineered ceramic material, which is used to keep fractures propped open after the fracturing treatment. Different types of proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi. Proppants are injected into the wellbore along with water and additives with high-pressure intensity to make the fractures. They need to be permeable to gas under high pressure. Large mesh proppants have a greater permeability at low closure stresses, whereas small mesh proppants have greater permeability at high closure stresses. Proppants used in hydraulic fracturing have a direct impact on the cost of the oil & gas production output. The Proppants selection depends on the reservoir type, closure stress, depth, and stages of fracturing.

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The companies have initiated the following developments:

In March 2020, COVIA completed the expansion of its Canoitas facility located in Mexico. The expansion will enable COVIA to add 350 tons of annual silica production capacity to support the growth of customers in Mexico.
In March 2020, COVIA expanded the capacbilities of its facility in North America to serve coating & polymers end-markets and create a highly efficient modern facility and the project cost was approximately USD 45 million.
In May 2019, Hi-Crush Inc. acquired Proppant Logistics LLC which owns Pronghorn Logistics LLC. The company provides end-to end logistic services for proppants.

In 2020, the proppants market declined by 27% in terms of volume, which was due to the oil price crash triggered by the COVID-19 pandemic. The unprecedented demand shock in the oil industry in 2020 led to a historic drop in the oil prices, as governments around the world closed down businesses, issued stay-at home mandates, and restricted travel. The proppants demand is estimated to recover in 2021 with the average oil price in 2021 expected to be above 50 USD/bbl.

June 1, 2021 0

Dewatering Equipment Market worth $5.4 billion by 2025 | Rising Demand Growth Trend Insights for Next 5 Years

The report “Dewatering Equipment Market by Type (Sludge (Application (Industrial,Municipal), Technology (Centrifuges, Belt Presses,Filter Presses, Vacuum Filters,Drying Beds,Sludge Lagoons)), Others (Paper, Plastic)), and Region – Global Forecast to 2025″, The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market growth is driven by rising environmental awareness and stringent regulatory laws regarding sludge disposal.

♦ Download PDF Brochure Here – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139515410Dewatering is one of the primary wastewater treatments, wherein the separation of water from solids takes place. This method is also used to separate water from a construction site. In the construction industry, the selection of the technique for dewatering depends on factors such as excavation dimensions, the soil type, and the groundwater control requirements.

The world’s population is increasing, with a concentration in urban areas intensifying, particularly in the developing countries of Asia and Africa. The cities of these countries produce billions of tons of waste every year, including sludge and wastewater. However, data on these waste streams are scarce and scattered with only a few exceptions. Municipal wastewater and sludge contain valuable resources, such as water, organic matters, energy, and nutrients, which can be recovered for diverse economic and environmental purposes. But prior to use, these wastewater and sludge need to be pre-treated to remove harmful chemicals and pathogens.

In the previous edition, the dewatering equipment market report was segmented on the basis of By Type (Sludge (Application (Industrial, Municipal), Technology (Centrifuges, Belt Presses, Filter Presses, Vacuum Filters, Drying Beds, Sludge Lagoons)), Others (Paper, Plastic)), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America).

In the latest edition, the market sizing and forecasting include the segmentation of the market on the basis of application, type, technology, and region.

Based on the Type:

· Sludge Dewatering

· Other Dewatering (Paper Dewatering, Plastic Dewatering)

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Based on the Application:

· Industrial

o Refineries

o Mining

o Petroleum

o Chemical & Pharmaceuticals

o Food & Beverages

o Others(Paper & Pulp, Textile)

· Municipal

o Residential

o Commercial

Based on the Technology:

· Centrifuges

· Belt Presses

· Filter Presses

· Vacuum Filters

· Drying Beds

· Sludge Lagoons

· Others (Rotary Press, Screw Press)

April 22, 2021 0

In-depth Analysis of the COVID-19 Impact on Silk Market Worth 16.94 Billion USD

The global silk market is projected to be valued at USD 16.94 billion, at a CAGR of 7.8%. To estimate the global market of silk. The growing demand in the Asia-Pacific, coupled with the growing demand for textile goods is expected to drive the global silk market during the forecast period.

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Major Market Developments:

In March 2017, Bolt Threads Inc. started its first product made of spider silk. It introduced tie made of spider silk.
In September 2016 AMSilk GmbH entered into distribution agreements with Korean-based company Hanjoo C&C for the distribution of its product in the Asian market. It distributes AMSilk products, Silkbeads (microparticles), and Silkgel (hydrogel) in Korea.
In June 2016, AMSilk GmbH entered into an agreement with Zurich based company, RAHN AG, to distribute two ingredients made from AMSilk, Silkgel, and Silkbeads.

Textile application is driving the demand in silk market

Textile is the fastest-growing application of silk. Silk is an important contributor to the textile industry which is continuously growing and evolving in terms of demand and supply. Silk is used in textiles for its lustrous appearance, luxurious feel, lightweight, resilient, and strength. It is used in many types of apparel such as wedding dresses, gowns, blouses, scarves, neckties as well as in many household products such as pillows, wall hangings, draperies, upholstery.

Market Dynamics

Drivers

Technological advancement in sericulture
Low capital intensive industry

Restraints

Higher dependency on china for raw material

Opportunities

High demand from Indian textile industry
Emerging spider silk

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The Asia-Pacific is projected to be the fastest-growing market for silk, in terms of value and volume, during the forecast period. China, India, Uzbekistan, and Thailand are the markets of silk in the Asia-Pacific region. The demand for silk is primarily driven by the increasing population & export of the textile goods made in these countries. Also, the domestic demand of silk in China and India is significantly influencing the demand of silk in the region.

September 18, 2020 0

Colorless Polyimide Films Market worth $379 million by 2025 (Analysis of the COVID-19 Impact)

The report “Colorless Polyimide Films Market by Application (Flexible Displays, Flexible Printed Circuit Boards, Flexible Solar Cells, Lighting Equipment, Others), End-Use Industry (Electronics, Solar, Medical, Others), Region – Global Forecast to 2025”, The colorless polyimide films market is projected to grow from USD 22 million in 2020 to USD 379 million by 2025, at a CAGR of 76.0% from 2020 to 2025. The market growth is driven by the increasing demand for colorless polyimide films from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards, among others.

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♦ Recent Developments –

In March 2019, SK Innovation Co., Ltd. announced the completion of its demo plant to produce FCW, with commercial production scheduled for 2020. The company aims to offer clear polyimide films to the global foldable smartphone market, which is expected to grow in the coming years.
In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays, with plans to start sample shipment by the first half of 2019. The company expects the market for colorless polyimide films to grow due to the emergence of next-generation electronic devices, which will result in increased demand for flexible displays.

Based on application, the colorless polyimide films market has been segmented into:

Flexible Displays
Flexible Printed Circuit Boards
Flexible Solar Cells
Lighting Equipment
Others (reflectors & connectors for space antennas and drug delivery tubes)

Based on end-use industry, the colorless polyimide films market has been segmented into:

Electronics
Solar
Medical
Others (aviation and space research)

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♦ Leading Key Players –

Key players in this market are E. I. du Pont de Nemours and Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Company Ltd. (Japan). Other noteworthy public and private players in this market are Wuhan Imide New Materials Technology Co., Ltd. (China), Industrial Summit Technology (Japan), NeXolve Holding Company (US), Wuxi Shunxuan New Materials Co., Ltd. (China), and Suzhou Kinyu Electronics Co., Ltd. (China).

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July 17, 2020 0

The Story Of Antifouling Paints And Coatings Market Has Just Gone Viral!

Antifouling Paints and Coatings Market is projected to grow from USD 5.61 Billion in 2015 to USD 9.22 Billion by 2021, at a CAGR of 8.6% between 2016 and 2021. High demand for antifouling paints & coatings from the shipping industry is expected to drive the growth of the market in near future.

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♦ Key Market Players –

The global antifouling paints & coatings market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the global antifouling paints and coatings market include AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), Nippon Paint Marine Coatings Co., Ltd. (Japan), Jotun (Norway), Hempel A/S (Denmark), and Chugoku Marine Paints, Ltd. (Japan), among others.

Target Audience

Antifouling Paints & Coatings Producers
Antifouling Paints & Coatings Traders, Suppliers, and Distributors
Government and Research Organizations
Association and Industrial Bodies
Raw Material Suppliers and Distributors
Shipping Companies
Industry Associations

The objectives of this study are:

To define, describe, and forecast the antifouling paints & coatings market based on type, application, and region
To analyze and forecast the volume (million liters) and value (USD million) of the global antifouling paints and coatings market
To provide detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution made to the overall market

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Shipping vessels was the fastest-growing application segment of the global antifouling paints & coatings market

Shipping vessels segment contributed the largest share to the antifouling paints & coatings market in 2015, and is projected to be the fastest-growing application segment from 2016 to 2021. This growth can be mainly attributed to the increased demand of antifouling paints & coatings, as they provide smoothness and superior polishing effect to hulls and underwater surfaces of shipping vessels.

March 25, 2020 0

Everything You Need To Know About Silk Market…

The global silk market is projected to be valued at USD 16.94 billion by 2021, at a CAGR of 7.8% from 2016 to 2021. In this study, 2015 has been considered the base year and 2016 to 2021, the forecast period, to estimate the global market of silk. The growing demand in the Asia-Pacific, coupled with the growing demand for textile goods is expected to drive the global silk market during the forecast period.

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Market Dynamics

Drivers

Technological advancement in sericulture
Low capital intensive industry

Restraints

Higher dependency on china for raw material

Opportunities

High demand from Indian textile industry
Emerging spider silk

Challenges

High Cost of Material
Labor Intensive Industry

◘ Textile application is driving the demand in silk market

Browse 88 market data tables and 29 figures spread through 110 pages and in-depth TOC on “Silk Market”

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Major Market Developments:

In March 2017, Bolt Threads Inc. started its first product made of spider silk. It introduced tie made of spider silk.
In September 2016 AMSilk GmbH entered into distribution agreements with Korean-based company Hanjoo C&C for the distribution of its product in the Asian market. It distributes AMSilk products, Silkbeads (microparticles), and Silkgel (hydrogel) in Korea.
In June 2016, AMSilk GmbH entered into an agreement with Zurich based company, RAHN AG, to distribute two ingredients made from AMSilk, Silkgel, and Silkbeads.

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Mr. Rohan
MarketsandMarkets™ INC.
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March 20, 2020 0