Electroactive Polymers Market: Immense Potential of Market Due to Nascent Nature to Attract New Entrants

The global electroactive polymers market holds immense potential as the market is still at its nascent stage and presents a large scope of innovation. This is attracting new players with novel techniques to enter the market and take advantage of the spiraling demand, finds Transparency Market Research (TMR) in a new study. The low capital investment required for the production of electroactive polymers is also prompting new players to venture into the market. This is likely to intensify the degree of competition in the near future. 
“The existing players are focusing on product differentiation, product customization, and research and development activities to stay ahead in the market,” says TMR’s lead analyst. The top four players, namely BASF SE, Cabot Corporation, Heraeus Deutschland GmbH & Co. KG, and PolyOne Corporation, represented 23.7% of the overall market in 2015, indicating a highly fragmented nature of the global electroactive polymers market. The global electroactive polymers market was valued at US$304.8 mn in 2016 and is projected to reach US$514.0 mn by the end of 2024, expanding at a CAGR of 7.6% from 2016 to 2024. 
Conductive Polymer to Remain Most Prominent Product Segment through 2024
On the basis of product, conductive polymer accounted for a whopping share of 83.1% of the overall market volume in 2015. The low cost and easy availability of these polymers are expected to fuel the dominance of the segment through 2024. ICP, on the other hand, is likely to be the most promising segment in terms of volume, making inroads in the shares of conductive polymer. Geographically, North America will continue to command the lion’s share in the global arena in terms of volume until 2024. Asia Pacific will, however, rise at a higher CAGR of 7.1% in terms of volume during the forecast period. 
Growing Production of Automobiles Worldwide Stimulates Uptake of Electroactive Polymers 
The global market for electroactive polymers is directly influenced by the worldwide market for electronic devices and equipment. “ESD and EMI protection, sensors, actuators, and antistatic packaging are the primary applications of electroactive polymers which are used in the development of electronic devices,” says the author of the report. Therefore, the increasing production of electronic devices is providing a fillip to the global electroactive polymers market. Besides this, sensors and actuators are indispensable parts of automobiles and thus, the robust growth of the automotive sector across the globe is escalating the growth of the market. 
Low Commercial Awareness regarding Benefits of Electroactive Polymers Hampers Growth Prospects 
The electroactive polymers market has witnessed strong growth in North America. However, at the overall scale, the market is still at its nascent stage. Commercial awareness regarding the advantages of electroactive polymers over traditional materials such as metals is low, which is hampering the growth of the market. These advantages include ease of fabrication, lower cost of production, and weight savings. “The lack of awareness in Asia Pacific, which is considered to be the most potential region, is a major challenge for global participants. This is further compounded by the lack of technical knowledge about the product and its potential applications in various end-use industries,” says a TMR analyst. 
Nevertheless, these polymers are finding applications in Li-Ion battery anodes and new age sound systems. Hence, the soaring demand for sound systems and lithium-ion batteries is creating ample growth opportunities for the market.

Strontium Market: Current Uses and Emerging New Applications Catalyze Growth

The global strontium market is extremely consolidated as the top three companies accounted for a combined share of over 60% in 2015, finds Transparency Market Research (TMR). These players are Solvay S.A., Basstech International, and Sakai Chemical Industry Co., Ltd. According to TMR, the market is anticipated to witness moderate to high competition in the coming years. Out of the leading players, Solvay has a fair level of backward integration into the mining of strontium materials, which is one of the key factors intensifying the competition in the market.
Meanwhile, activities in the downstream industry also bear an indirect impact on the market dynamics. Companies such as KBM Affilips B.V. and Yuxiang Magnetic Materials Ind. Co. Ltd. are engaged in the production of strontium compounds and their strategies have a significant bearing on the competitive landscape. The global strontium market was valued at 240.72 kilo tons in 2015. Expanding at 4.91% CAGR from 2016 to 2024, the global strontium market is projected to reach 372.09 kilo tons by the end of the forecast period.
Application of Strontium Ferrite Permanent Magnets to Gain Prominence
The major application segments of the strontium market are ferrite magnets, pyrotechnics, master alloys, medical, zinc refining, and paints and coatings. Of these, Ferrite magnets occupied a major share in the market in 2016 and is expected to maintain its lead throughout the forecast period. The dominance of this segment is mainly attributed to the extensive use of strontium ferrite permanent magnets and their applications across various end-use industries.
Geographically, the combined market for North America and Asia Pacific occupy the major share currently. These regional markets are expected to provide lucrative growth avenues over the forecast period. The North America market for strontium marginally captured a dominant share in 2015 and in the coming years there is a likelihood of the table turning in favor of Asia Pacific.
Numerous Industrial Applications of Strontium and their Compounds Boost Market
The myriad applications of strontium and its compounds are the key factors driving the market. The extensive application of strontium in pyrotechnics and in the production of ceramic ferrite magnets have increasingly boosted the market. The use of strontium carbonates as inexpensive red colorant in fireworks has propelled the demand for strontium. The soaring use of pyrotechnics in producing magnificent fireworks during various festivals is expected to fuel the market. In addition, strontium compounds have a number of applications in diverse areas.
Strontium carbonates have a variety of applications in the electronics and semiconductor industries, as they are preferred in making some superconductors such as bismuth strontium calcium copper oxide (BSCCO). Strontium carbonates are also added to electrolyte solution to facilitate catalysis process in zinc refining. In addition, their extensive use in making ferrite magnets that have further wide applications in various electrical equipment such as motors and generators have catalyzed the strontium market. One of the key factors for the growing popularity of strontium carbonates over other compounds are their natural abundance in the minerals celestite and strontianite in which they are found. Some compounds of strontium are used in the paints and coatings industry owing to their luminescence and anti-corrosive properties.
Strontium Master Alloys to Provide Lucrative Growth Avenues
The imposition of stringent regulations by regional authorities has curbed the display of fireworks, hindering the use of strontium in pyrotechnics. This is likely to hamper the market to an extent. However, the rapidly emerging application of strontium in making a number of master alloys have gained traction with the downstream companies, providing exciting opportunities for manufacturers and producers to capitalize on . Alloys such as aluminum-strontium and aluminum-strontium alloys are increasingly preferred in giving various shapes to metals in metal melting plants. In the coming years, the use for strontium for making master alloys is expected to surge, since these offer better structure control and higher ductility than pure metals.

Plasticizers Market: Advent of Bio-plasticizers to Bolster Uptake in Several Industries

The global plasticizers market features an intensely competitive and moderately fragmented landscape, with the top five players accounting for a combined share of over 45.0% in 2015, finds Transparency Market Research (TMR) in a new report. These companies are: Eastman Chemical Company, LG Chem Ltd., BASF SE, Evonik Industries, and Exxon Mobil Corporation. TMR observes that the leading companies are focusing on technological advancement and offering innovative products to consolidate their market shares.
Top players are offering a broad portfolio of plasticizers having a wide range of standard and specialized applications in order to gain a competitive edge over others. Several manufacturers are focusing on producing eco-friendly plasticizers to strengthen their presence. These developments are expected to intensify competition among players in the coming years. The global market for plasticizers stood at US$14.85 bn in 2015 and is forecast to attain a valuation of US$23.87 bn by the end of 2024. The global market is projected to rise at a CAGR of 5.50% during the forecast period 2016–2024.
Plasticizers Preferred among Consumers for Decorating Floor and Wall Coverings
Based on geography, the major regional markets for plasticizers are Europe, North America, Asia Pacific, the Middle East & Africa (MEA), and Latin America. Of these, currently, Asia Pacific holds a dominant position. The substantial growth of this regional market is propelled by the growing prominence of polyvinyl chloride (PVC) in various industries such as housing and construction, electrical and electronics, automotive, medical, and healthcare.
The primary areas of applications of plasticizers are wires and cables, floor walls and coverings, films and sheets, and consumer goods. Among these, a major part of demand comes from floor walls and coverings. The growth of the segment is propelled by the rising application of plasticizers for making high-quality printed decorative floor and wall coverings in various residential and commercial buildings.
Rapid Industrialization to Bolster Demand for Plasticizers Catalyzing Market Growth
The swift pace of urbanization in emerging regions such as Latin America, the Middle East, and Asia Pacific has led to an upsurge in construction activities, thereby propelling the demand for various types of plasticizers. In addition, the use of eco-friendly plasticizers in the construction industry is a crucial factor catalyzing the market growth. The soaring application of plasticizers in manufacturing medical devices is fueled by the advent of non-phthalate plasticizers with better toxicology profiles. They are preferred for making medical tubing to be used in numerous intravenous infusion and dialysis applications.
The substantial growth of automotive industry world over has stimulated the demand for automobiles, thereby accelerating the use of plasticizers in automotive manufacturing facilities. The growing purchasing power of consumers in developing nations has boosted the demand for electronic appliances. This has bolstered the applications of non-phthalate plasticizers in the consumer electronics industry.
Stringent Regional Regulations Due to Health Concerns May Limit Application
The presence of toxic chemicals in plasticizers with probable carcinogenic effects to humans, coupled with the soaring environmental concerns of the use of plastics, is a key factor likely to hinder the market to some extent. In addition, strict regulations limiting the use of phthalates in toys and medical devices, particularly in various countries of the North America and Europe, are expected to restrain the plasticizers market. Furthermore, the high cost associated with the production of eco-friendly plasticizers may impede the market.
Be that as it may, the increasing inclination of several manufacturers toward making non-phthalate plasticizers is anticipated to boost their applications in food-contact products and a variety of medical devices. The advent of eco-friendly alternatives is expected to give a robust push to the demand for plasticizers world over. Furthermore, advancement in manufacturing technologies has enabled manufacturers to make non-toxic plasticizer alternatives with non-migration properties, which is expected to fuel their applications in the food packaging and medical devices industries.

Answering Environmental Concerns Leads the Way for Construction Repaint Jobs

Construction repaint implies the additional paint used in any applications within the sectors of commercial, industrial, and residential. This includes emulsions, enamels, and varnishes that are chiefly being used for maintenance, renovation, and repairs. Core segments in the global construction repaint market can be made through resin types, into polyurethane, alkyd, polyester, epoxy, and acrylic. Based on formulation, the market can be segmented primarily into waterborne and solvent-borne paints. The leading applications of construction repaints include residential and non-residential.
Several aspects are invested in the global construction repaint market and its growth in multiple regions. The answer to the following questions can help resolve the overall scope of the global construction repaint market in the coming years:
Which Sector Holds the Leading Demand for Construction Repaint?
Of the two core application segments for the global construction repaint market – residential and non-residential – there seems to a swift increase in the demand for repaints in the non-residential segment. The overall growth of the construction industry around the world is currently a chief driver for the global construction repaint market, especially in countries that possess a large number of construction, renovation, and rebuilding projects. One of the key aspects of reconstruction for most developed economies lies in its industrial and commercial sectors, thereby giving the global construction repaint market plenty of scope to expand in the non-residential segments.
What Restraints are Affecting the Overall Repaint Demand?
One of the biggest issues surrounding the global construction repaint market is the use of raw materials and chemicals that are deemed hazardous to the environment. While this is considered as a negative point in most regions, the governments in some nations – especially from Europe and North America – are completely banning the use of certain paints and chemicals due to the large scale environmental impact they generate. The phrase that a lot of players in the global construction repaint market are currently following is “volatile organic compounds,” or VOCs. Studies are showing the potential harm that VOCs are doing to the environment now and will continue to do in the long run, convincing governments, consumers, and players alike over the negative implications of using VOC-emitting paints and repaints.
The use of VOC-free paints and chemicals is being advocated on nearly all levels of industry and society, especially in developed economies. Countries such as the U.S. hold a large number of aware consumers that are marching against the use of any chemicals and materials that bear a negative impact on the earth. Organizations are investing in events such as the Washington County Operation Clean House, where large volumes of VOC paints are collected and safely disposed according to regulation.

Demand for Standout Products Drives Adoption of Ready-Mix Concrete for Construction Undertakings

The increasing number of infrastructural development projects, which includes bridges, dams, roads, and airport expansion works predominantly in developing countries is stirring the demand for ready-mix concrete. This, in turn, will translate into growth for the global ready-mix concrete market in the coming years. 
In addition, government spending for the construction of power plants, manufacturing units, and cooperative residential complexes in several parts of the world and trending urbanization will further fuel the demand for ready-mix concrete.
Ready-mix concrete is customized concrete which offers several advantages in terms of durability and sustainability. This includes high speed of construction, reduction in amount of cement used, reduced pollution, conservation of energy, versatility in uses, elimination or reduced dependency on human labor, saves storage space requirement, timely delivery as mixture in prepared on site, and reduced noise and air pollution.
This blog post presents answers to several questions that are pertinent with respect to developments in the global ready-mix concrete market;
What are the major factors driving and challenging the growth of the ready-mix concrete market?
The development of smart cities undertaken by several governments around the world will fuel the growth of ready-mix concrete market. This is because the introduction of ready-mix concrete has been instrumental in driving infrastructure and construction industries to new heights.
In general, construction projects are facing pressures related to wastage reduction, low inventory costs, and efficient utilization of resources with the objective to lower overall expenditures. This is expected to boost the growth of the ready-mix concrete market. Ready-mix concrete is increasingly being used due to its high quality, ease of use, convenience, and better economy.
However, handling capacity requirement for concrete from the mixer to several operational points is one of the key challenges that players in this market are facing. In addition, high initial capital for setting up manufacturing unit for ready-mix concrete will challenge the market’s growth.
Nevertheless, the launch of modern infrastructural development undertakings will present new opportunities to the ready-mix concrete market.
Which is the leading application segment in this market?
The infrastructure segment is expected to be the leading application segment due to massive projects underway for construction of highways, dams, bridges, and renovation of airports across several parts of the world. The increasing government spending for infrastructural development will further benefit this application segment.
Other major application segments include commercial buildings, residential buildings, and industrial utilities.
Which factors will lead Asia Pacific to hold dominant position in the market?
The rising number of infrastructural development projects in India, China, Singapore, and Thailand is the key factor that will lead Asia Pacific to hold lead position in the global market. Rapid industrialization and urbanization in emerging economies is influencing the growth of Asia Pacific ready-mix concrete market.

Increasing Automobile Production Worldwide to Offer Lucrative Opportunities for Plastic Coatings Manufacturers

The global market for plastic coatings is growing at a healthy pace and is predicted to offer potential opportunities for the key players operating in it across the globe. The competitive nature of the market and the expected entry of new players are expected to focus on the expansion of the product portfolio, which will contribute towards the market’s growth in the near future. In addition to this, the rising number of applications of plastic coatings and advancements in the technology are likely to accelerate the growth of the global market.
Some of the queries related to the growth prospects of the global plastic coatings market have been addressed in the following blog:
What are the key challenges faced by the leading players in the global plastic coatings market?
The key players operating in the plastic coatings market across the globe are expected to face several challenges, which are predicted to restrict the growth of the market in the near future. The strict environmental rules and regulations related to VoC content and the cost and availability of specialized raw materials are projected to curtail the market’s growth in the near future. In addition, the increasing price cutting measures is considered as a major challenge for the leading players, which if not sorted, is expected to hamper the growth of the market in the near future. Nevertheless, the increasing demand and growth prospects in the developing economies across the globe is projected to propel the global plastic coatings market in the near future.
Which factors are anticipated to supplement the market’s growth in the coming years?
The rising use of plastic coatings from diverse industries is estimated to encourage the growth of the global market in the next few years. In addition, the enhanced features offered by plastic coatings, such as durability, enhanced performance, and improved aesthetics is predicted to boost the demand for plastic coatings. This is likely to accelerate the market’s growth in the near future. Furthermore, the development of the automotive refinish market and the rising demand for bio-based coatings are likely to supplement the growth of the global plastic coatings market in the coming years.
Which geographical segment is likely to witness healthy growth in the global market?
Among the key regional segments, the Europe market for plastic coatings is expected to account for a large share of the global plastic coatings market in the next few years. The rapidly developing automotive industry in this region is the key factor likely to encourage the growth of the market in the coming years. On the other hand, Asia Pacific is expected to register a progressive growth rate, thanks to the rising contribution from China and India. The rising mining activities and the developing oil and gas sector are the key factors that are projected to augment Asia Pacific market in the near future.

Smart Polymers Doing Exceptionally Well in Drug Delivery and Automotive

Smart polymers are also known as intelligent materials, and are polymers that are responsive to stimuli in a very dynamic manner. Depending on the type of change that a smart polymer undergoes under different circumstances, several industry verticals are finding use for them today. Most smart polymers are responsive to changes in acidity or pH, light, and temperature, while a few specialised polymers can be made sensitive to chemical changes and abrasion or friction. 
A large portion of the overall use for smart polymers has so far been in medicine, in the creation of bio-separation agents for tissue engineering as well as in certain therapeutic agents. With most of the application scope for the global smart polymers market ending up in medicine, recent developments have finally allowed the market to break into other industry verticals.
The global smart polymers market is expected to expand at a very promising rate over the coming years, thanks to a variety of factors that are propelling the overall demand for them. The overall scope of the global smart polymers market will become clearer as the current decade progresses. For now, the answer to the following questions will clarify where players in the global smart polymers market can look to next.
What Potential do Smart Polymers Hold in Automotive?
One of the more promising and interesting aspects in the global smart polymers market at the moment is the research and development effort for using them in the automotive industry. Companies such as General Motors Corp. are working towards the use of smart materials in general for the construction of automotive components that can enhance the mechanical properties of a vehicle. This includes controlling the airflow in an engine, and shape changing automotive parts that respond to stress and improve aerodynamic performance.
Where do Smart Polymers go in Healthcare?
While new avenues are opening up for smart polymers in completely new industry verticals, the overall application scope for them in healthcare and medical devices seems to be increasing at a similar pace. There are expected to be a very high number of applications for smart polymers in the biomedical applications, especially in tissue engineering, biocatalyst, bioseparation, and drug delivery. The overall scope of smart polymers in drug delivery what is driving the global smart polymers market currently, and will continue to do so for the immediate future.
Meanwhile, the scope of smart polymers in other healthcare applications is being developed by several players. DiFusion Inc., for instance, recently announced the completion of a test series where smart biomaterials were used in in vivo and in vitro studies. The company is currently holding multiple patents in a variety of fields including tissue regeneration, antimicrobial, and load bearing implants, most of which make use of smart materials and polymers.

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