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Thermoplastic Vulcanizates (TPV) Market: Rising Demand from Developing Nations Influencing Growth

2019-05-15 18:32:12 | Business
The Fact.MR research study on thermoplastic vulcanizates market offers industry-best intelligence and insights into the global thermoplastic vulcanizates market forecast. The report on thermoplastic vulcanizates market gives an all-inclusive analysis of the thermoplastic vulcanizates market and its growth potential over the forecast period, including a detailed segmentation. The research study on thermoplastic vulcanizates market is a result of extensive research methodology, comprising of a primary phase and a secondary phase.

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In Brief

  • The thermoplastic vulcanizates market grew at over 5% in 2018. Growing trend of replacing metals with lightweight engineering plastics, such as thermoplastic vulcanizates, across various end-use verticals is driving growth.

  • Use of thermoplastic vulcanizates (TVPs) for automotive exterior applications is likely to gain an uptick during the forecast period. Ranging from weather seals to glass run channels, thermoplastic vulcanizates are used in various automotive exterior parts for aesthetic, functional, and performance benefits.

  • North America will continue to be the leading market for thermoplastic vulcanizates, given that the United States continues to be one of the largest consumers of thermoplastic vulcanizates globally.

  • East Asia is poised to emerge as one of the high-growth markets for thermoplastic vulcanizates, with China being one of the major consumers of TVPs, followed by South Korea. Gains in these flourishing East Asian nations will be further underpinned by drastic makeover of the regional industrial paradigms that will sustain high demand for high-quality engineering plastics.


What are the Key Growth Drivers of Thermoplastic Vulcanizates Market?

  • Demand for thermoplastic elastomers (TPE) is on a significant rise, owing to growing use across automotive, fluid handling, consumer goods, and medical applications. Thermoplastic vulcanizates are estimated to emerge as one of the highly-desired TPE products through 2027, thereby driving thermoplastic vulcanizates market.

  • Ever-increasing demand for lightweight materials with superlative properties, notably from industries like automotive, is fuelling investments in thermoplastic vulcanizates market.

  • Rising government initiatives to promote usage of engineering plastics across various end-use industries is creating favorable grounds for adoption of thermoplastic vulcanizates, thereby propelling growth of thermoplastic vulcanizates market.


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What are the Key Challenges Faced by Stakeholders of Thermoplastic Vulcanizates Market?

  • End-user inclination toward use of styrenic block copolymer, a high-performance thermoplastic elastomer type, is on an upswing on account of its optimal performance in pressure-sensitive applications. This, in turn, is likely to create significant challenges for the stakeholders of thermoplastic vulcanizates market.

  • Poor wear resistance of thermoplastic vulcanizates (TVPs) after repeated usage continues to be one of the key drawbacks hampering their adoption. This, in turn, is exerting high pressures on manufacturers to offer wear-resistant thermoplastic vulcanizates with enhanced shelf-life.


Thermoplastic Vulcanizates Market – Competitive Landscape

  • In 2019, ExxonMobil Corporation - a leading player in the thermoplastics vulcanizates market - inaugurated a 90,000 tonne/year resins plant and 140,000 tonne/year butyl plant in Singapore. This move was aimed at serving the increasing needs of Asian end-users which, in turn, will help the company to scale up its expansion across the key Asian countries. These two new production facilities will preeminently cater to Asia, wherein a burgeoning middle-class population is sustaining the demand for specialty products.

  • In 2018, DuPont - a leading player in the thermoplastic vulcanizates market - made an official announcement that it is going to make an investment of over $80 million for establishment of a new manufacturing unit in East China. This new manufacturing unit will be responsible for production of compounded and high-end engineering plastics & adhesives to cater to needs of multiple end-use verticals, such as electronics, transportation, and others. This planned manufacturing site is estimated to be fully operational in 2020. DuPont and the government officials of Zhangjiagang in East China signed this strategic deal at a grand ceremony held in Shanghai at the popular China International Import Expo (CIIE).

  • In 2017, Mitsui Chemicals, Inc. - a key player in the thermoplastic vulcanizates market – made an official announcement of acquiring the business of thermoplastic styrene elastomers of Asahi Kasei Corp.'s Sunvieo. Utilized primarily for automotive applications, thermoplastic elastomers are being adopted as a viable alternative of polyvinyl chloride and vulcanized rubber. This new product launch will help the company tap into a wider customer base and attain long-term profitability.


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Fertilizer Additives Market Outlook Highlights Major Opportunities Likely to Steer Demand

2019-05-15 18:21:55 | Business
The fertilizer additives market is estimated to continue to remain fragmented with the presence of numerous regional players. The prominent players operating in the fertilizer additives market are estimated to hold over 25% of the total fertilizer additives market share. Leading players continue to focus on expansion and launch of new products to consolidate their position in the fertilizer additives market. Prominent players continue to form joint ventures to expand their presence in the fertilizer additives market.

Some of the leading players in the fertilizer additives market are Arkema SA, Clariant AG, Michelman, Inc., Chemipol SA, Timac Agro USA, Dorf Ketal, ArrMaz, Fertibon Products Pvt. Ltd., Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC. These companies continue to focus on consolidating their position in the fertilizer additives market.

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Decreasing Arable Land and Growing Population to Bolster Fertilizer Additives Market

With continuous growth in the global population, the demand for food and housing is on the rise. Consequently, Earth’s land is being subjected to excessive pressure which is causing a degradation in the quality of the soil and its fertility. According to a report published by the Joint Research Centre in 2018, a committee set up by the European Commission, an area half the size of Europe undergoes severe degradation and becomes unsuitable for cultivation every year. Another report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services backed the Joint Research Centre’s claim. With the area of arable land decreasing and demand for food on the rise, farmers are increasingly using fertilizers to boost production.

However, the quality and performance of fertilizers may deteriorate with time. Fertilizer additives aid in the production, handling, storage, and transportation of fertilizers. The additives help fertilizers retain their shape, prevent caking, reduce dust formation during manufacture, and avoid wetting of fertilizers. Thus, the growing use of fertilizers in agricultural practices is estimated to fuel the growth of the fertilizer additives market.

Burgeoning Investments in Agricultural Farming to Aid Fertilizer Additives Market Growth

Farmers around the world are gradually showing a willingness to spend more on agriculture in order to boost the production of the land. Additionally, governments across the globe are announcing the launch of initiatives to support farmers and lessen the burden of expenditure on them, thus providing them the access to fertilizer and fertilizer additives. These factors are estimated to propel fertilizer additives market proliferation.

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Innovative Manufacturing Processes and Use of Modern Materials to Open Gateways to New Opportunities

Technological advancements continue to influence the fertilizer additives market with manufacturers focusing their efforts on the development of new and cost-effective techniques for the production of fertilizer additives. For instance, a new procedure developed for manufacturing fertilizer additives extracts micronutrients from already used alkaline batteries. The method is gradually gaining traction owing to its property of aiding in waste reduction while providing the essential nutrients required for the growth of plants. In this procedure, zinc and manganese from the alkaline batteries are collected and cleaned to be used as fertilizer additives. The method is increasingly being recommended by numerous food associations with the nutrients derived from the process aiding in bolstering agricultural production.

In addition to this, numerous researches working towards leveraging technology to improve the performance of fertilizers are expected to drive the fertilizer additives market growth. A recent development in the area was the use of nanoparticles as carriers of fertilizers. With this implementation, the release of fertilizers into the soil can be controlled making for efficient nutrient utilization. The novel fertilizer additives deliver the nutrients directly to the crops thus preventing nutrient losses by avoiding interaction of the nutrients with soil, air, water, and microorganisms. Incorporation of nanotechnology in fertilizers is estimated to benefit the fertilizer additives market.

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Epoxy Curing Market: Innovative Trends Implemented by Manufacturers Steering Growth until 2028

2019-05-15 18:10:52 | Business
The epoxy curing agents market is witnessing incremental growth with the increasing demand for epoxy curing agents in a variety of industrial applications. The demand for epoxy curing agents is expected to remain highest, as it is likely to contribute to the market growth with the largest revenue share of approximately US$ 1.8 billion by the end of 2028.

However, applications of epoxy curing agents as a composite materials are likely to grow at the fastest growth rate of nearly 5.5% during the period 2018-2028. Surging consumption of composites across various industrial sectors including wind energy generation, electrical materials, and the transportation industry, is expected to boost the epoxy curing agents market in the coming future.

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Notable Developments in the Epoxy Curing Agents Market:

  • In April 2018, Hexion Inc., a U.S.-based chemical company – launched EPI-REZ™ Resin 7720-W-50 – its new high-performance, epoxy dispersion resin. The company announced that, when it is combined with its EPIKURE™ epoxy curing agent 6870-W-53, the performance characteristics of the new EPI-REZ™ Resin, such as excellent corrosion resistance, superior adhesion to metal or concrete, and ease of formulation, which can fairly similar to those of solvent-borne systems at >50 grams/liter of volatile organic compounds (VOCs).

  • In August 2018, BASF SE, a German chemical company in the epoxy curing agents market, announced that it has extended its regional partnership with Gustav Grolman GmbH & Co. KG, a specialty ingredients distribution business, for the marketing of amine-based curing agents for the professional processing of epoxy resins in Europe. With this collaboration with Grolman, the company aims to market BASF’s epoxy curing agents and specialty chemicals, commonly used in epoxy resin based applications, under the Baxxodur® brand in leading European countries including Spain, Italy, and Portugal.

  • In February 2019, Aditya Birla Corporation, an Indian multinational conglomerate in the epoxy curing agents market, announced that it has partnered with Lintech International, LLC, a leading specialty chemical distributor of resins, monomers, and epoxy curing agents, for distribution of its products, including the EPOTEC® & CeTePox® epoxy resins, epoxy curing agents, and diluents, in the U.S.


Other key companies in the epoxy curing agents market include Olin Corporation, Evonik Industries AG, Hexion Inc., Gabriel Performance Products, BASF SE, Cargill Incorporated, DIC Corporation, Mitsubishi Chemical Corporation, Showa Denko KK, Toray Fine Chemicals Co. Ltd, and Aditya Birla Corporation.

Growing Demand for Lightweight Materials will Increase Applications of Epoxy Curing Agents across Industries

Stringent regulatory norms and quality standards are bolstering the use of lightweight materials in various industrial sectors, including aerospace as well as automotive industries. In addition, epoxy curing agents have been witnessing burgeoning demand the manufacturing of printed circuit boards (PCBs) that are vastly used in an exhaustive range of electronic products, such as mobile devices, smartphones, automotive electronics, machinery, and other consumer electronics. Thereby, growing demand for epoxy curing agents as a lightweight raw materials in various industrial applications will continue to hold a significant impact on developments in the epoxy curing agents market in upcoming years.

Notable Developments in the Epoxy Curing Agents Market:

Key companies in the epoxy curing agents market include Olin Corporation, Evonik Industries AG, Hexion Inc., Gabriel Performance Products, BASF SE, Cargill Incorporated, DIC Corporation, Mitsubishi Chemical Corporation, Showa Denko KK, Toray Fine Chemicals Co. Ltd, and Aditya Birla Corporation.

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Liquid Thermal Interface Materials Market Portrays High-End Demand across Major Geographies

2019-05-15 17:56:18 | Business
The report on liquid thermal interface materials market provides detailed and actionable insights into the liquid thermal interface materials market. A list of all the factors influencing the growth of the liquid thermal interface materials market has been included in the report. Additionally, a qualitative, as well as quantitative assessment of each of the factors influencing the liquid thermal interface materials market, has been provided. Detailed analysis of the competitive landscape prevalent in the liquid thermal interface materials market has been included towards the end of the report.

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‘Compactness’ Feature Driving Adoption

Liquid thermal interface materials are finding increasing utilization in consumer electronics, communication devices, and computers as the demand for high-power and high-performance circuitry in devices such as smartphones, tablets, and laptops continues to rise. Consequently, systems such as flip-chip BGA form factor packages have been developed to cater to the growing demands for high-performance and high-functioning microprocessors and ASICs. Liquid thermal interface material is gradually being integrated into microprocessors for providing the medium for efficient dissipation of heat produced while processing and functioning. Additionally, liquid thermal interface materials comply with the mechanical and size constraints in compact electronic systems which is further driving their adoption in the industry.

Development of Liquid Metal Thermal Interface Materials Imperative to Market Growth

Liquid metals are gradually gaining traction in thermal management systems owing to their prolific heat extraction and conducting capabilities which offer higher efficiency than conventional coolants in use. With liquid metals offering better thermal management capabilities, numerous researches are working towards developing new thermal interfaces which leverage liquid metal capabilities to improve the system’s thermal conductivity. For instance, recent research which tested silver-filled thermal adhesives concluded the liquid metal thermal interface offers a reliable heat dissipation solution for high-performance electronics owing to its low thermal resistance and high conduction properties. Additionally, researchers studying the development of nano-liquid metals are likely to open new avenues for liquid thermal interface material manufacturers with the substance offering bright prospects for enhancing the thermal performance of existing thermal interface materials.

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Adoption in Electric Vehicles (EV) Creating New Opportunities

Electric vehicles are finding widespread adoption across the world as regulatory authorities continue to promote the eco-friendly alternative over their fossil fuel-powered counterparts. Demand for lithium-ion batteries to power electric vehicles continues to rise owing to its high energy density. However, large scale adoption of lithium-ion batteries is restrained due to the absence of efficient thermal management systems for dissipating the heat that is produced during charging or discharging of the vehicle which can consequently result in accidents and reduce the life of the battery. Liquid thermal interface materials present a promising prospect for devising a thermal runaway to overcome the problem of overheating. Numerous researches have concluded liquid thermal interface materials to be more effective over their solid counterparts prompting manufacturers in the liquid thermal interface materials market to focus on production of materials that could effectively provide the thermal management system for lithium-ion batteries. Additionally, lithium-ion batteries are being utilized in smartphones to meet the consumer demand for longer battery life. Liquid thermal interface materials market is likely to bolster as lithium-ion batteries find widespread utilization across an assortment of electric devices.

Market Structure

The report on liquid thermal interface materials market segments the liquid thermal interface materials market on the basis of product type, application, and region.

On the basis of product type, the liquid thermal interface materials market can be segmented into thermal adhesive fluids, thermal greases, and thermal liquid metals.

Based on the application, the liquid thermal interface materials market can be segmented into computers, communication devices, medical devices, consumer electronics, automotive electronics, and others.

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Non-Woven Fibers in Hygiene Products Market: Prime Economies Expected to Deliver Major Growth

2019-05-15 17:43:27 | Business
The relatively lower cost of production, versatile mechanical properties and effective cross-infection prevention properties are some of the key factors which have been driving the demand for non-woven fibers in hygiene applications owing to which the non-woven fiber in hygiene product market registered growth at a CAGR of 2.6% during the 2013-2017 period. Demand for non-woven fibers in hygiene products was worth US$ 6.5 billion in 2018. Revenues are likely to grow at 3.3% CAGR during 2019-2028. East Asia will continue to be the largest market throughout the forecast period. Expansion and acquisition of manufacturing facilities in the region by leading market players are inducing momentum in this market. East Asia will also remain the fastest-growing market during the assessment period.

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 What is driving Demand for Non-wovens in Hygienic Products Industry?

  • Incorporation of natural raw materials into non-woven hygiene products is gradually gaining traction with “mindful choices” and “sustainability” trends influencing consumer preferences. Additionally, the inclusion of natural materials in the production of non-woven fiber hygiene products is aiding manufacturers to operate in accordance to the stringent government regulations.

  • Advancements in technology and enhanced machinery are helping non-woven fiber manufacturers to meet the demands of consumers who are seeking high-quality products with efficient technical and performance properties. In addition to providing efficient protection against infections, non-woven fibers with skin sensitivity compatibility and softness are in high demand in the hygiene products industry. Large scale production of hygiene products is expected to bolster non-woven fiber in hygiene product market.

  • Bicomponent non-woven fibers are finding increasing utility in the manufacturing of hygiene products as the demand for high-performance hygiene products with minimal thickness continues to surge.

  • Burgeoning investments in research and developmental activities to gain greater control over fiber structure manufacturing is likely to propel adoption of non-woven fiber in hygiene products manufacturing. The ability to modify the structure of non-woven fibers is expected to aid in the production of hygiene products with better skin compatibility, comfort, softness, and functionality.

  • Booming production of biodegradable non-woven fibers, manufactured completely from plant-based raw materials is likely to contribute significantly to the growth of this market. Positive consumers perception about non-wovens is likely to sustain growth in this market


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What are the Challenges Deterring the Adoption of Non-woven Fibers in Hygiene Product Manufacturing?

  • Substantial fluctuations in the prices of raw materials used for manufacturing non-woven fibers is one of the significant challenges for stakeholders.

  • In spite of being medically approved, certain feminine hygiene products were recently found containing contaminants linked to infections and allergies in women. These revelation can dent consumer confidence in non-wovens.


 Non-woven Fiber in Hygiene Product Market – Competitive Landscape

  • In order to meet the burgeoning demand for non-woven fiber in hygiene products, Kimberly-Clark invested US$ 30 million in 2018 for expanding and upgrading its facility in Hendersonville, North Carolina. The production plant specifically produces non-woven fibers for its clients in the adult and feminine hygiene care sector including the likes of Poise, Depend, and U by Kotex.

  • To capitalize on the growing demand for non-woven fiber in hygiene products in Asia, Fiesta, a leading player operating in the non-woven fiber in hygiene product market, bought 51% of the stake in spunbound non-woven fiber manufacturer CNC International. Fitesa plans to align the operations of the new acquisition to focus on the hygiene products market.

  • In order to expand its market presence, Galtfelter, a leading player operating in the non-woven fiber in hygiene product market, announced the purchase of Georgia-Pacific’s European non-woven business in 2018. Under the purchase, Galtfelter acquired Georgia-Pacific’s state-of-the-art 32,000-metric-ton manufacturing facility in Steinfurt, Germany for US$ 185 million.

  • Proctor & Gamble and Drylock announced that the companies will be entering a global license agreement to expand research into the development of channel technology used in enhancing the performance of products such as baby diapers and adult incontinence diaper and pants.


The leading players operating in the market include Freudenberg Performance Materials, DuPont, Berry Global Inc., and Ahlstorm-Munksjö. Other players operating in this market are Johns Manville, Suominen Corporation, Low & Bona, Lydall, TWE Group, Jacob Holm, and Zhejiang Kingsafe.

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