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04 Aug

Global Cristobalite Market Insight

Global cristobalite will increase steadily over the next...

03 Aug

Global Gold Nanoparticles Market Insight

The Gold Nanoparticles is forecast to crazy increase...

26 Jul

Global Flue Gas Desulfurization Market Insight

The Flue Gas Desulfurization is forecast to steadily...

25 Jul

Global Epoxy Reactive Diluents Market Insight

According to the WK-chem Research “Global Epoxy Reactive...

04 Aug
Global Cristobalite Market Insight August 4, 2022 Comments

Global cristobalite will increase steadily over the next five years. According to the WK-chem Research, “Global Cristobalite Professional Survey Report 2022, Forecast to 2027”, the increasing rate of building construction across the world is driving the demand for artificial stones which is contributing to the growth of the Cristobalite Market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.11% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“Air monitoring is being conducted by manufacturers to reduce the exacerbation of COVID-19 infection in factories. Cristobalite is acquiring prominence in several products such as anti-blocking additives in PP (polypropylene) and PE (polyethylene) films, silicone sealant compounds, and engineered stones made from PMMA. However, safe synthetic materials are emerging as a competitive alternative to cristobalite and natural quartz. Hence, companies in the cristobalite market should expand their business in applications that mandatorily require the material such as in outdoor paints & plaster and dental impression composites. High-degree of abrasion and scratch resistance of cristobalite is preferred in ceramics and artificial marble products”, said Diane Patel, Senior analyst, in WK-chem Research.

Market insight:
The increasing rate of building construction across the world is driving the demand for artificial stones which is contributing to the growth of the Cristobalite Market. Cristobalite has a color of white, bright, or sometimes colorless also Talking about its properties it is highly durable in nature and high resistance to chemicals and scratching. This reason makes Cristobalite in engineering stone and for the variety of applications like floorings, bathrooms, etc it is a perfect fit. These factors are contributing to the growth of the market. The demand for cristobalite has exceeded that of supply. So, it is a highly lucrative market for investors. Major factors that are expected to boost the growth of the cristobalite market in the forecast period are the swiftly growing of the construction industry, the increasing demand for cristobalite in the engineered stones market because it enhances the functionality of the stones and the rise in the demand for nickel-based chemicals. Furthermore, the increasing demand for titanosilicates that are including cristobalite due to the membrane technology which is utilized in water purification, petrochemical, and pharmaceutical industries and the increase in the catalysts and automotive applications are few of the factors further anticipated to propel the growth of the cristobalite market in the timeline period.
However, Cristobalite affects human health for a long duration, and in some cases, it may cause cancer. Also, it irritates the eyes and nose and thus governments have regulations on the production of Cristobalite. Correspondingly, with many substitutes available in the market, it may hamper the growth of the Cristobalite Market in the nearby future. On the other hand, the increase in the cost of processing of wollastonite in the commercial form and the strict government guidelines on the production of cristobalite because cristobalite can cause various health hazards like irritation to eyes and nose which can also lead to lung cancer, reproductive damage, and tuberculosis are few of the factors that are most likely to impede the growth of the cristobalite market in the near future.

Competition Landscape:
Based in Antwerp (Belgium), Sibelco is the largest producer of cristobalite, with production capacity of 70,000 tons/year. In October 2017, the company officially opened its third cristobalite kiln in Belgium in order to cater to the rising demand from customers across the globe. It adopts the latest technology to synthesize cristobalite. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cristobalite companies that include: Sibelco, C.E.D. Process Minerals, Inc., Hoben International Limited, Goldstar Powders India., Silmer SAS, Quarzwerke Gmbh, Donghai Changtong silica powder CO.,LTD., Lianyungang Changtong Silica Powder Co. Ltd, Heraeus Holding, Jinyu Advanced Material Co., Ltd., Momentive, Solvay, Evonik Industries AG, Tosoh Corporation, among other domestic and global players.

Segmentation of Cristobalite Market:
According to the type, the market for cristobalite is divided into: Sand Form and Milled Flour Form. Cristobalite found in sand form is a natural crystalline, non-metallic mineral with the chemical composition of SiO₂•nH₂O. It can be crushed into a powder and shaped for use in ceramics, refractories, and insulation materials. Cristobalite sand is a high-performance dielectric material that can be used to manufacture electrodes and it replaces other types of materials such as SiO. It has excellent electrical characteristics, low-temperature coefficient, ultrahigh insulation resistance, and chemical stability at elevated temperatures. Sand Form is usually used in architectural applications and cementitious products such as concrete mix and grouts.
According to the application, the market for cristobalite is divided into: Artificial Marble, Glass & Ceramics, Paints & Coatings, Foundry Casting, Metallurgy, Industrial Chemicals, and Others (including Adhesives & Sealants, Polishing, and Abrasives). The paints and coatings segment is forecasted to grow at the fastest pace in the forecasted period. Demand for cristobalite is high in the paints & coatings industry due to its various characteristics such as relatively high Mohs hardness of 6.5, high brightness, relatively low refractive index, easy wettability, high inertness in various media, and transparency for UV-radiation (suitable for UV-curing processes).

Cristobalite Market: Regional Analysis
In terms of geography, the global cristobalite market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific is the leading consumer of cristobalite across the globe. The region is expected to lead the global cristobalite market, in terms of volume and value, during the forecast period. Rapid urbanization and rise in demand for cristobalite are boosting the demand for cristobalite in Asia Pacific.
China and India are major consumers of cristobalite, as these are rapidly expanding economies in Asia Pacific. The region is also the leading producer of paints and coatings, plastics, and adhesives. Furthermore, glass and ceramics industries in Asia Pacific have been expanding significantly.

Cagr: 4.11%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Sand Form and Milled Flour Form
Application:Artificial Marble, Glass & Ceramics, Paints & Coatings, Foundry Casting, Metallurgy, Industrial Chemicals, and Others (including Adhesives & Sealants, Polishing, and Abrasives).
Leading Company:Sibelco, C.E.D. Process Minerals, Inc., Hoben International Limited, Goldstar Powders India., Silmer SAS

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WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

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03 Aug
Global Gold Nanoparticles Market Insight August 3, 2022 Comments

The Gold Nanoparticles is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Gold Nanoparticles Professional Survey Report 2022, Forecast to 2027”, Market revenue growth is primarily due to rapid advancements in nanotechnology and biotechnology, rising demand for gold nanoparticles for making conductors and electronics chips, and increasing investments by major players in Research & Development (R&D) activities across the globe for development of innovative products, processes, and technologies such as green gold nanoparticle technology. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 11.37% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“The market is expected to be driven by the advancements in the area of nanotechnology, its growing use in the field of medicine (especially in dentistry), and for diagnostics and target imaging. In dentistry, gold nanoparticles are employed as contrast agents in the OCT approach, and offer benefits such as destruction of bacteria and cancer cells. Nanoparticles are increasingly being used in targeted cancer imaging and treatment, due to increased biocompatibility and selective accumulation in tumor cells. The rising incidence of chronic diseases such as cardiovascular diseases and cancer is expected to promote demand for gold nanoparticles in the forthcoming years.” said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

Driver: Increasing application of gold nanoparticles in the healthcare sector
Increasing implementation of nanotechnology in electronics and healthcare sectors for improving medical facilities and drug delivery systems is contributing to revenue growth of the market. Gold nanoparticles are utilized in medicinal applications due to properties such as anticorrosive, bacteriostatic, and antioxidative. Gold nanoparticles penetrate deep into the targeted areas of the body, which makes these particles suitable for photothermal treatment of cancer and other diseases where targeted drug delivery is a necessity. In addition, various applications of functionalized gold nanoparticles include genomics, biosensors, laser phototherapy of cancer cells, immunoassays, clinical chemistry, targeted delivery of drugs, antigens, DNA, and others. Furthermore, biotechnology, nanotechnology, and green technology advancements are also expected to support market revenue growth. For example, by using a biomolecule B3 peptide, researchers from the Tokyo Institute of Technology have developed an eco-friendly process to synthesize gold nanoparticles that have improved morphology for near-infrared light absorption.
Restraint: Concerns over toxicity related to the gold nanoparticle
Nanomaterials such as gold nanoparticles are used in biomedicine due to thermal, electrical, mechanical, chemical, and optical properties offered. Rising concerns of mutagenicity, cell and genotoxic effects of gold nanoparticle on human organs and cells are factors that could restrain market revenue growth. Nanoparticles have been associated with apoptotic cell death and embryo growth inhibition. However, several manufacturers are heavily investing in research activities for developing innovative methods to reduce side effects generated from these particles. For instance, the National Centre for Polar and Ocean Research (NCPOR) and the Goa University (GU) have synthesized gold nanoparticles in an eco-friendly, cost-effective, and non-toxic way from Antarctic bacteria that can be used as therapeutic agents such as anti-cancer, anti-viral, anti-diabetic, and cholesterol-lowering drugs. Moreover, negative impact of gold nanoparticles such as invasive needle placement is expected to hamper revenue growth of the global market to some extent.

Competition Landscape:

Competitive landscape of the global gold nanoparticles market is consolidated with a few key players operating on global and regional levels. Key players are engaged in product development and strategic alliances to expand their respective product portfolio and gain a robust footing in the global market. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Gold Nanoparticles companies that include Cytodiagnostics Inc., Goldsol Inc., BBI Solutions, NanoHybrids, Torskal, Nanosphere Inc., TANAKA Holdings Co., Ltd., Cline Scientific, Meliorum Technologies, Inc., NanoComposix, Abcam plc., and Agilent Technologies Inc.

Segmentation of Gold Nanoparticles Market:

Based on type, the global gold nanoparticles market is segmented into nanorods, nanoshells, nanocages, and others. Nanorods segment is expected to register rapid revenue growth rate during the forecast period. Nanorods are widely used in various applications due acceptable shape and physical properties of these particles. Nanorods, along with nanoparticles also function as theragnostic agents. Nanorods are also used for cancer therapeutics as it absorbs the Near-Infrared Ray (NIR) and generate heat when excited with Infrared (IR) light. Gold nanorods can also be used for cell imaging, which can yield both quantitative and qualitative data. It is also used for photothermal therapy, which helps to target cancer cells inside human body. Pain-relieving drug delivery to organs, tissues, and cells is possible with help of gold nanorods.
Based on application, the global gold nanoparticles market is segmented into imaging, targeted drug delivery, sensors, in vitro diagnostics, probes, catalysts, and others. Imaging segment is expected to register rapid revenue growth rate during the forecast period. Medical imaging is a crucial component for diagnosis and treatment of a disease. Magnetic iron oxide is an inorganic nanoparticle that serves as an optical probe and is studied as a Magnetic Resonance Imaging (MRI) contrast agent. Gold nanoparticles have high X-ray attenuation, biocompatibility, and surface chemistry, which are ideal for use in Computed Tomography (CT) scans. Gold nanoparticles can also be incorporated with other imaging agents such as dyes and rare earth metals.
Based on end-use, the global gold nanoparticles market is segmented into electronics, healthcare, chemicals, cosmetics & personal care, and others. Healthcare segment accounted for largest revenue share in 2022, and is expected to register rapid revenue growth rate during the forecast period. Gold nanoparticles are used widely in healthcare sector for CT scans, Surface-enhanced Raman Spectroscopy (SERS), and X-ray imaging owing to high-density resolution property offered. In addition, one of the most significant features of gold nanoparticles is Localized Surface Plasmon Resonance (LSPR). LSPR technology helps to monitor bio molecular binding interactions in real-time. Gold nanoparticles along with LSPR technology provide several benefits over other methods such as reusable biosensors, small sample size requirement, use of complex samples, label-free detection, and real-time monitoring.

Gold Nanoparticles Market: Regional Analysis

In terms of geography, the global Gold Nanoparticles market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Gold nanoparticles market in Asia-Pacific accounted for largest revenue share in 2022, and is expected to register rapid revenue growth rate during the forecast period. This growth is primarily driven by rising demand for gold nanoparticles for medical imaging and targeted drug delivery in the healthcare sector and as catalysts in chemical reactions. In addition, rising demand for gold nanoparticles in manufacturing electronics and healthcare devices is expected to drive revenue growth of the market in this region. Moreover, governments of various countries in this region are investing in R&D of latest products, wearable devices, and equipment in the healthcare sector, which is also expected to support Asia-Pacific market revenue growth.

 

Cagr: 11.37%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Nanorods, Nanoshells, Nanocages, and Others
Application:Electronics, Healthcare, Chemicals, Cosmetics & Personal Care, and Others

About Me

WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

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26 Jul
Global Flue Gas Desulfurization Market Insight July 26, 2022 Comments

The Flue Gas Desulfurization is forecast to steadily increase over the next few years. According to the WK-chem Research “Global Flue Gas Desulfurization Professional Survey Report 2022, Forecast to 2027”. The increase in popularity of FGD systems in the growing cement and chemical manufacturing industries is also expected to garner to the growth of the global flue gas desulfurization systems market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.6% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Growth in awareness about the consequences of air pollution on health among the people and governments of different countries enhances the demand for flue gas desulfurization (FGD) systems.” said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. “Also, the rising demand for FGD by-products in the agricultural and construction industry is expected to create opportunities for FGD manufacturers over the coming years.”

Market insight:

Opportunity And Restriction of Global Flue Gas Desulfurization Market:

The deteriorating air quality all over the globe due to development in industrialization and urbanization has turned out to be a significant issue. Therefore, economies which include the U.S., China, India, France, and others are concentrating toward control of air pollution. Thereby, driving the overall flue gas desulfurization systems market. Moreover, the governments have formulated stringent laws for maintaining the air quality standards. This is anticipated to lead to the flue gas desulfurization systems market growth during the forecast period. Quite the reverse, the high operating costs and initial investments required by the systems are anticipated to restrain the flue gas desulfurization systems market growth. Moreover, the power generation industries are eradicating the use of coal, which are the major users of FGD systems to avert the SO2 discharges. Thus, the reduction in the number of coal power plants globally is expected to hinder the growth of the flue gas desulfurization systems market during the forecast period.

Market prediction:
The FGD system is a very capital intensive process and is mostly used with high sulfur coals. Limestone is only economical if there is an aftermarket for gypsum and the plant life is long. For short-lived power plants, lime is a better choice as it requires much lower investments. The annual costs of compressors, fans, valves, and nozzles are approximately 15% of the original cost. Over the coming years, the new system purchases are expected to decline, thereby the replacement components market is larger than that for new components. Air pollution from coal-fired plants causes a serious risk to human health as these power plants emit a large number of hazardous air pollutants. These air pollutants can cause lung and heart diseases and damage to skin, eyes, brain, and breathing passages. The FGD system could work for the health of people who live and work in the environment. Therefore, the FGD system will be more and more valued by people.

Competition Landscape:
ANDRITZ deals in advanced limestone FGD units that are cost-effective and efficient solutions to scrub SO2 and dust while preserving energy inputs to a minimum level. In addition, Carmeuse established new technologies Novel Integrated Desulfurization (NID) and Circulating Dry Scrubbers (CDS) which can remove 98% SO2 on 2.5% sulfur coal. These technologies consecutively recycle SO2 from flue gas through proprietary regenerable aqueous amine-based solvents. Hence, such technological advancements are predicted to offer lucrative opportunities for flue gas desulphurization system manufacturers. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Flue Gas Desulfurization companies that include ANDRUTZ AG, Babcock & Wilcox Enterprises, Inc., Carmeuse, GE Power, GEA Group, Aktiengesellschaft, Koch-Glitsch, KraftPowercon, Mitsubishi Hitachi Power Systems, Ltd., S.A. HAMON, Thermax Ltd. and others. The Flue Gas Desulfurization market is fragmented and highly competitive and consists of several major players. Few major players dominate the market share, and few emerging companies are expected to enter the market over the forecast period. The key players are adopting various growth strategies such as product launches, acquisitions, and collaborations, contributing to the Flue Gas Desulfurization market’s growth globally.

Segmentation of Flue Gas Desulfurization Market:

According to the product type, Flue Gas Desulfurization can be divided into Wet FGD Systems, Dry & Semi-Dry FGD Systems and others. The Wet FGD product type segment led the market and accounted for the largest share. The highest SOx removal efficiencies are achieved by wet FGD systems, more than 90%, and the lowest by dry FGD systems, around 80%. More than 85% of the FGD systems installed across the globe are wet systems owing to their lower reagent and operating costs, more fuel flexibility, and possible use of by-products. In addition, these systems could provide removal efficiencies up to 99% and have the ability to remove oxidized mercury as well.
Wet FGD systems typically require wastewater treatment, wet stack, and alloys or coatings for chloride protection, which increases the overall capital costs. On the other hand, dry FGD systems have significantly lower capital and annual costs because they are simpler, waste disposal is less complex, and require less water. Hence, dry FGD systems are anticipated to register the fastest CAGR over the forecast period. On the other hand, dry FGD systems have significantly lower capital and annual costs because they are simpler, waste disposal is less complex, and require less water. The dry FGD process has been developed into a multi-pollutant (Hg, HF, HCl, SO3) control technology in recent years. In addition, they are being highly used in large-scale power plants on account of the emergence of more efficient dry scrubber technologies, such as NID and CFB-FGD.

By Application, the market can be segmented into: Power Plants, Chemicals, Architecture, Metal Processing and Mining Manufacturing. The Architecture sector became the largest application market. This is because, in the field of construction, gypsum building materials have developed rapidly, such as gypsum cutting, paper gypsum board, and plastering gypsum from scratch and have a rapid development trend. With the support of environmental protection policies, the development of flue gas desulfurization gypsum has greatly promoted the development of gypsum building materials.

Flue Gas Desulfurization Market: Regional Analysis
On the basis of Geography, the Flue Gas Desulfurization Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is dominating the market now, with India leading the region. The demand for FGD systems in India is expected to see a surge owing to the FGD implementation plan (2018-2022). According to the Indian Ministry of Environment, Forest and Climate Change (MoEFCC) norms, 161,522 MW of thermal plants will have to curtail their SOx emissions by retrofitting FGD systems by December 2022. In September 2018, the Central Electricity Authority made recommendations to incentivize the early installation of pollution control equipment, which has further stimulated the market growth in recent years. According to the data shared by the Ministry of Energy and Mineral Resources, Indonesia for 12,080 MW capacity (which covers only the large coal-based units) showed that FGD systems have been installed only at Units 3 and 4 of the Tanjung Jati B power station of 710 MW each. The plants employ a wet FGD system using limestone. The government has been requested to be more ambitious and implement stricter emission standards for coal-based power plants, which are anticipated to surge product demand over the coming years. Many national governments across Europe have announced their intention to phase out coal by 2030 or earlier. A total of 72,800 MW of coal power capacity, which is approximately 40% of Europe’s currently operational coal feet, are on a pathway to closure by 2030. In November 2016, France had committed to a coal phase-out by 2023; however, in June 2019, the coal phase-out was regulated through the climate and energy law (effective in January 2022), which is supposed to make the coal power plants unprofitable. With around 46,000 MW of open coal capacity, Germany has planned short-term closures of 12,500 MW coal capacity by 2022 and review points in 2023, 2026, 2029, and 2032. The country aims a complete phase-out of coal by 2038 with the option of bringing it forward by 2035. Contrary to the initiatives taken by the EU28 countries, countries such as Poland (5 new coal units under construction) and Turkey (30,000 MW of new coal capacity by 2023), are backing coal and are planning to increase their coal-fired capacities over the coming years.

Cagr: 4.6%
Largest share area:Asia Pacific
Largest share country:India
Product Type(by product type):Wet FGD Systems, Dry & Semi-Dry FGD Systems and Others
Application:Power Plants, Chemicals, Architecture, Metal Processing, Mining, Manufacturing and Others
Leading Company: ANDRUTZ AG, Babcock & Wilcox Enterprises, Inc., Carmeuse, GE Power, GEA Group.

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WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

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25 Jul
Global Epoxy Reactive Diluents Market Insight July 25, 2022 Comments

According to the WK-chem Research “Global Epoxy Reactive Diluents Professional Survey Report 2022, Forecast to 2027”, The requirements of various applications for epoxy reactive diluents continue to increase, and the increase in demand in downstream industries is driving the development of the epoxy reactive diluents market, the Epoxy Reactive Diluents industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.52% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

China is currently the world’s largest producer of epoxy reactive diluents. However, the production technology of high-end epoxy reactive diluents products is still concentrated in the hands of established epoxy reactive diluents manufacturers. said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. With the development of downstream application fields, the market’s requirements for the dilution effect and viscosity reduction effect of epoxy reactive diluents continue to increase. The development trend of new type, functionalization, diversification and environmental protection is emerging.

Market insight:

At present, large international manufacturers occupy most of the market share of high-end epoxy resin products market due to their ability to provide comprehensive solutions for professional epoxy resin system products. For their own development, these large manufacturers no longer supply resin products alone, but formulate mixtures to provide systematic services according to customer needs. This mixture includes resins, curing agents, diluents, auxiliaries, etc. This can not only form the advantages of the product chain, consolidate the market, but also fully expand the profit space. The practice of international manufacturers will also serve as a benchmark for small and medium-sized enterprises in the industry. In the future, more epoxy resin manufacturers will focus on the diversified development of enterprises, and will actively deploy in the field of epoxy reactive diluents in the future to promote the diversified development of the epoxy reactive diluents industry.
Epoxy resin is an important thermosetting resin. Because of its excellent physical and mechanical properties, electrical insulation properties, chemical corrosion resistance, heat resistance and bonding properties, the epoxy resin adhesive prepared with it is known as “universal glue”. It is widely used in electronic laminates (printed circuit boards), building materials, coatings, fan blades and other fields. Although the trade war and the COVID-19 pandemic have had a certain impact on the trade volume of epoxy resins, with the gradual recovery of the global economy and the development of the downstream electrical and electronic industries, the automotive industry and the construction industry, the global demand for epoxy resins remains Steady growth. Since some epoxy resins need to be diluted before use, the increase in the market demand for epoxy resins will also drive the market demand for epoxy reactive diluents products.
Although there are many types of epoxy reactive diluents industry, the main raw materials are petrochemical products or coal chemical products. However, oil and coal prices are volatile. In terms of coal, in 2021, affected by Indonesia’s export restrictions, the global coal price fluctuates at a high level. For coal chemical products, the price of raw materials has been greatly affected. At present, Indonesia’s coal export restrictions have been lifted, and it is expected that coal prices will fall in 2022, which is a relatively favorable trend for coal chemical products. For oil, prices are affected by more factors, including but not limited to political factors and transportation factors. In 2022, it is expected that oil prices will remain high and fluctuating. For manufacturers of petrochemical products, the risk is relatively high.
The Russian-Ukrainian crisis continued to escalate. After many countries closed their airspace to Russia, Russia also closed its airspace to corresponding countries in retaliation. Russian airspace is a major meeting point for global trade, and many cargo companies’ flights pass through Russian airspace. The closure of Russia’s airspace will affect the movement of goods by air in many countries, further exacerbating the woes of global supply chains. Since flights from the UK and EU countries fly through Russian airspace to Asia, the closure of the airspace will cause many routes from Europe to Asia to have to be diverted, which will greatly increase flight time and increase the cost of aircraft fuel. Transportation inconvenience will have a certain impact on the development of the epoxy reactive diluents industry.

Competition Landscape:

The main production capacity of epoxy reactive diluents industry is concentrated in several major manufacturers at the head of the industry. The early companies in the epoxy reactive diluents industry have seized most of the market share and blocked the production technology to a certain extent. At the same time, they have actively developed new epoxy reactive diluents products to consolidate their market share in various ways. Industry monopoly has certain disadvantages for the development of the industry, raising the threshold for new entrants, and at the same time adversely affecting the active competition in the epoxy reactive diluents industry. The lack of active competition in the industry is not conducive to the upgrading of the industrial structure of the entire industry. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Epoxy Reactive Diluents companies that include Anhui Xinyuan Chemical (Hengyuan),Hubei Greenhome Materials,Huntsman,Olin Corporation,Mitsubishi Chemical Corporation,Evonik Industries,Westlake Chemical Corporation,Lanxess AG,Cargill,Leuna Harze,Arkema,Aditya Birla Group,EMS-GRILTECH,Jiangsu Sanmu Chemical,Fujian Zhongke Hongye,SACHEM Inc,Liaoyang Xinyu Chemical,Atul,Adeka,Cardolite Corporation,Kukdo Chemical,Arnette Polymers,DR Coats Ink & Resins Pvt.,King Industries,Epoxy Chemicals, Inc,Ipox Chemicals GmbH,Others.

Segmentation of Epoxy Reactive Diluents Market:

According to type, the epoxy reactive diluents market is subdivided into monoglycidyl ether, polyglycidyl ether and others. The monoglycidyl ether market will occupy a larger share of the epoxy reactive diluents market in 2022. The dilution effect of the monoepoxide is better, and the aliphatic type has a better dilution effect than the aromatic type, so more monoepoxides are also used. The acid and alkali resistance of the cured product using the aromatic reactive diluent has little change, but the solvent resistance has decreased. The use of the monoepoxide reactive diluent will reduce the heat distortion temperature because its use will reduce the crosslinking density of the cured product.
According to the end use, the epoxy reactive diluents market is subdivided into composite material, coating, electronics, aerospace and others. The composite material market will occupy a larger share of the epoxy reactive diluents market in 2022. The largest downstream consumer of epoxy reactive diluents is composite materials. The development of the wind power industry has driven the development and progress of the composite material industry chain, and is one of the main forces for the growth of the composite material market. Wind power generation is one of the most mature, large-scale development conditions and commercial development prospects in the field of renewable energy, and the available wind energy is widely distributed around the world and has huge reserves. At the same time, with the continuous maturity of wind power related technologies and the continuous upgrading of equipment, there is a large room for cost reduction, and the global wind power industry is developing rapidly. The Russian-Ukrainian war has not reversed the process of global energy green and low-carbon transformation. On the contrary, after the global energy crisis, many countries have realized the importance of improving energy independence. Under the goal of carbon neutrality, they need to reduce their dependence on fossil fuel imports through clean energy.

Epoxy Reactive Diluents Market: Regional Analysis

In terms of geography, the global Epoxy Reactive Diluents market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific region will dominate market growth. There are many developing countries in the Asia-Pacific region, and the urbanization process of developing countries still lags behind that of developed countries. However, with the rapid economic development in the region, the urbanization process continues to drive the market demand for epoxy reactive diluents products. At the same time, the continuous development of China and India in the aerospace field has also created market demand for the epoxy reactive diluent industry. Although China is not the first country to start researching epoxy reactive diluents products, with the continuous development, China’s epoxy reactive diluents production capacity currently occupies a large share in the world, and the enterprises with the largest production capacity in the industry are also located in China.

 

Cagr: 6.52%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Monoglycidyl Ether, Polyglycidyl Ether and Others
Application:Composite Material, Coating, Electronics, Aerospace and Others
Leading Company:Anhui Xinyuan Chemical (Hengyuan), Hubei Greenhome Materials, Huntsman, Olin Corporation and Mitsubishi Chemical Corporation

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WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

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22 Jul
Global Vanillin Market Insight July 22, 2022 Comments

The Vanillin industry is expected to grow at a considerable rate in the next few years. According to the WK-chem Research “Global Vanillin Professional Survey Report 2022, Forecast to 2027”, Rising demand for vanillin as a flavoring agent in food & beverage, pharmaceuticals, and drug manufacture is driving revenue growth of the vanillin market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.61% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Food and beverage manufacturers are striving to meet the consumer demand for organic products. The demand for bio vanillin is expected to rise as companies eradicate due to synthetic ingredients in their products.” said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. “Continuous research & development activities are carried out by the major players to produce cost-efficient products. Furthermore, product innovations and new product developments are expected to be a key parameter to sustain the competitive market, with strategies such as acquisitions, capacity expansion, and partnerships.”

Market insight:

Demand for vanillin increases as it is the most used flavoring agent in food and beverage industry. Due to scarcity in availability of natural vanilla beans essence of vanilla is formulated in lab which has flavor, texture and smell similar to original product. It is made artificially using chemical synthesis and naturally using biosynthesis, expanding the vanillin market size. Vanilla beans are produced in countries like Madagascar, Indonesia, Mexico. There are many limitations in production of vanilla as it is labor intensive, it requires artificial pollination, extraction in and purification, conducive climate and harvesting. As a result, the price of natural vanillin is high. Emerging trends in the vanillin market explain that there is a huge disparity between demand and supply of natural vanillin in the market. In order to fulfil the rising demand for vanillin, key brands are investing in research and developmental activities to formulate it in-house using advanced technology, pushing the sales of vanillin.

As many regulatory bodies are supervising artificial food additives, demand for vanillin in naturally synthesized form is expected to rise. Consumer’s inclination towards clean products that don’t contain any harmful chemical products is expected to further push the demand for organically sourced products. This is expected to push the demand for bio-synthesized vanillin.

Vanillin market trends adds the use of it across different industries like as a flavoring agent to boost the milk flavor of food products like candies, ice-creams, pastries, soft drinks and confectionaries. It is also used to formulate other flavors like pineapple, cherry, banana, pushing the sales of vanillin worldwide. It is also used in high protein nutritional beverages to mask the bitterness of protein. In pharmaceutical products it is used to mask the pungent odor and improve the taste of medicine. In cosmetic industry they are used as additives in perfumes, soaps and shampoos. These widespread applications are expected to increase demand for vanillin globally.

Competition Landscape:

Competitive landscape of the global vanillin market is fragmented and highly competitive with multiple players operating on global and regional levels. Key players are engaged in portfolio expansion, R&D, and strategic alliances to expand their reach in the market. Partnership, and collaborations, agreements, regional expansions, mergers, and acquisitions, new product launches are among other growth tactics used by leading companies to expand their market presence. Smaller businesses set themselves apart by developing distinctive vanillin products. To gain a presence in the market, competitors are working on differentiating their products to offer unique value propositions. Market suppliers are also capitalizing on current growth opportunities in fast-growing categories while protecting their position in slower-growing segments. Certain initiatives taken by start-ups are also creating a major difference and they are also expected to gain a stable market presence in the future. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Vanillin companies that include Solvay, Evolva, Apple Flavor & Fragrance Group Co., Ltd., Jiaxing Zhonghua Chemical Co., Ltd., Camlin Fine Sciences Ltd, Prinova Group LLC., Borregaard AS, Lesaffre, International Flavors & Fragrances Inc., and Omega Ingredients Limited. On 21 September 2021, Solvay announced the sale of Vanifolia formulated product line to Eurovanille, a major leader in production of natural vanilla-flavored foods. Through this agreement, Solvay will keep control of its Rhovanil business line and will supply Rhovanil Natural CW to Eurovanille for production of Vanifolia for the next three years. Eurovanille’s developing food formulations business has made its first purchase, leveraging on its established vanilla expertise, know-how, global presence, and provision of an extended natural product line to customers.

Segmentation of Vanillin Market:

Based on type, the global vanillin market has been segmented into natural, and synthetic. The synthetic vanillin segment accounted for largest share in 2022. Synthetic vanillin is easily available from lignin, which is a polymeric byproduct of the wood pulping industry. The cost of synthetic vanillin is comparatively less, which drives growth of this segment. Companies are investing more in R&D activities, product launches, and innovations. For instance, on 26 March 2020, Swiss biotech company Evolva collaborated with International Flavors and Fragrances (IFF), a producer of taste, aroma, and nutrition for consumer products to further develop and commercialize vanillin. Under the terms of new deal, IFF will increase product commercialization, while Evolva will continue to develop vanillin.
Based on end-use, the global vanillin market has been segmented into food & beverages, fragrances, drugs and pharmaceuticals, and others. The food & beverage segment accounted for a significant revenue share in 2022. Wide usage of vanillin in several food & beverage products, such as ice cream, flavored milk, yogurt, cakes, cookies, and chocolates, among others, results in extensive demand for vanillin in this sector. Companies are investing in improving R&D and focusing on new product launches to meet consumers’ demands and introduce new food & beverage products. For instance, on 25 February 2020, Sensient Flavours launched a Bakery Toolbox, which was a set of four small cakes, dedicated to a different season of the year. Sensient Flavors proposes a subtle vanilla and cherry blossom flavor combination with unexpected crisp of cherry blossom-flavored meringue pieces. Sensient application experts are expanding collection of vanilla profiles – from extracts and natural bourbon vanilla flavorings to natural synthetic vanillin types – as worldwide vanilla demand remains high.

Vanillin Market: Regional Analysis

In terms of geography, the global Vanillin market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific market accounted for largest revenue share in 2022. Countries, such as China, India, Japan, and Germany, are prominent countries in the manufacture and utilization of vanillin. Changing food habits of people in these countries has resulted in rapid intake of vanillin infused cakes, pastries, flavored milk, and other products, which in turn, is driving market revenue growth. Increasing health-conscious population has led to rapid adoption of salads, dietary beverages, protein powders, and other supplements, which use vanillin as a flavoring agent. Rising environmental awareness among people of this region has resulted in an increased demand for clean label products, which is driving revenue growth of natural vanillin.

 

Cagr: 7.61%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Natural, and Synthetic
Application:Food & Beverages, Fragrances, Drugs and Pharmaceuticals, and Others
Leading Company:Solvay, Evolva, Apple Flavor & Fragrance Group Co., Ltd., International Flavors & Fragrances Inc., Camlin Fine Sciences Ltd

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21 Jul
Global Textile Binder Market Insight July 21, 2022 Comments

The Textile Binder is forecast to grow gradually over the next few years. According to the WK-chem Research “Global Textile Binder Professional Survey Report 2022, Forecast to 2027”, This growth can be attributed to factors such as an increase in disposable incomes, changing lifestyles, and increased production capacity for textiles globally. The demand for textile binders is expected to increase due to their end-user application in various areas like fabric coating & printing, flocking, discharge printing, and others. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.88% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

Innovation has always been an essential element in the development of the Textile Binder industry. Continuous innovation promotes the diffusion and application of generic technologies in small and middle-sized enterprises. said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. At the same time, combining the forces of the government, industry associations and enterprises to innovate can solve the bottleneck problem of common technologies and improve product quality for the Textile Binder market, thereby promoting the development of the market.

Market insight:

As investigated, China and Southeast Asia are main regions for textile industry. They have large demand on binders. The mentioned regions are featured with cheap labor force and strong manufacturing industry. They are main exporting countries for textile and fabric. As forecasted, Post Covid-19 since 2022 will bring an economic rebound for global macroeconomics, supply and demand will welcome an increase. Textile binders will then welcome its opportunity in Asia.
Green and sustainable development is the current focus of global attention. It is not only suitable for energy, mining and other industries, but also points out the direction for the future transformation and development of textile industry. Under the guidance of the concept of green and sustainable development, Textile Binder industry is paying more and more attention to the safety and environmental protection of products. At the same time, new and higher requirements are put forward to Textile Binder, which makes Textile Binder have more product types. At present, in addition to the commonly used acrylic, polyvinyl acetate and VAE emulsions, the research and development of polyurethane emulsions has also made progress, and is considered to be one of the most promising type. According to market needs, the development of high-quality, high-performance adhesives drives the R&D and production of modified acrylate adhesives, polyurethane adhesives, epoxy adhesives and silicones.
With the improvement of global environmental protection regulations and the improvement of people’s own health awareness, People are pursuing safe and harmless products. Environmentally friendly Textile Binder with good quality, no pollution and in line with international standards is gradually becoming a trend of Textile Binder among users.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Textile Binder companies that include NANPAO RESINS CHEMICAL GROUP, Covestro AG, Archroma, Scott Bader Company, Jesons, Synthomer, Betapol, Organic Dyes and Pigments, ADPL Group, Vijet Products, Indofil Industries, National Adhesives and Polymers, Gunjan Paints.

Segmentation of Textile Binder Market:

Based on type, textile binder can be subdivided into acrylic copolymer, polyvinyl acetate, vinyl-acrylate/acrylic, styrene-acrylate, polyurethane, others. Currently Acrylic Copolymer is becoming a common type of Textile Binder. It has excellent properties such as high gloss, water resistance, weather resistance, alkali resistance, good adhesion, good processability, good dispersibility, and low odor. It does not contain alkylphenol ethoxylates (APEO). The popularity of textile binders with functional effects has increased the demand for printing and finishing agents as they provide excellent functional enhancements to textile materials. Hence, the acrylic copolymer segment is expected to remain highly attractive over the forecast period. Followed by Polyurethane, Vinyl-Acrylate/Acrylic, Styrene-Acrylate, Polyvinyl Acetate and Others. Polyurethane type binder is the most expensive type, which is influenced by production process and the cost of raw material.
From the perspective of application areas, the market is mainly divided into flocking, fabric coating & printing, lamination and others. Fabric Coating & Printing application dominated the market and will continue to dominate during the forecast period. Coated Fabrics are widely used for sportswear, down jacket, waterproof parker, coat, tent, shoes and socks, curtains, bags and cloths with advanced waterproof permeability function. Around 50% of casual wear is made of coated fabrics in the fashion market. Furthermore, in order to mostly fulfil consumers’ reference for style, design of clothing, fabric coatings and printing is commonly used. Following Fabric Coating and Printing, Lamination and Flocking come to the second place.

Textile Binder Market: Regional Analysis

In terms of geography, the global Textile Binder market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific region dominates the market, with the largest revenue share of more than half in 2020, followed by Europe, America and so on. Due less initial investment funds of textile industry and larger cheap labor force, Asia has produced a large volume of clothing for the world. As one of important raw material to produce clothing, textile binder market in Asia is also very large. It is expected that in the forecast years, Asia Pacific region will still dominate the whole market.

 

Cagr: 4.88%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Acrylic Copolymer, Polyvinyl Acetate, Vinyl-Acrylate/Acrylic, Styrene-Acrylate, Polyurethane, Others
Application:Flocking, Fabric Coating & Printing, Lamination, Others
Leading Company:NANPAO RESINS CHEMICAL GROUP, Covestro AG, Archroma, Scott Bader Company, Jesons

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20 Jul
Global Polymers in Medical Devices Market Insight July 20, 2022 Comments

The Polymers in Medical Devices is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Polymers in Medical Devices Professional Survey Report 2022, Forecast to 2027”, Rising investments in the medical industry and increasing demand for medical devices are driving the growth of the polymer market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 8.0% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“With the growth of the aging population, the improvement of residents’ health awareness, and the continuous deepening of government support policies, the increase in medical demand has promoted the development of the medical device polymer market. High-end medical devices are one of the development directions of the medical industry in the future. Enterprises should constantly develop material combinations to adapt to the evolving industry trends.”said Lily, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:
Polymer is defined as a large molecule or a macromolecule which comprises of multiple repetition of units having high relative molecular mass. It is an elastomers or biodegradable plastics which is used in healthcare and medical applications. Thermoplastic and thermoset polymers and their composites are widely used in medical devices where they are increasingly replacing metals and glass. The main reason for this trend is the amazing versatility of polymers, which enables the design and manufacture of a vast range of products to meet very different application requirements. The abilities to prepare blends of polymers, to incorporate many types of performance-enhancing additives, and to prepare polymer matrix composites by incorporating reinforcing agents (such as fibers, platy fillers, and particulate fillers) all enhance the versatility of polymers far beyond the versatility provided by individual polymers on their own. The medical polymers industry is witnessing a considerable advancement with the introduction of biologically compatible polymers, known as bioresorbable polymers. Bioresorbable polymers are a grade of synthetic polymers that can facilitate a speedy healing process by moulding to the target area, thereby restoring functionality temporarily. This gives the area time to heal, following which the materials resorb into the body, leaving no trace and therefore mitigating the need for additional follow-up surgeries. Several prominent industry players are now working towards the development of sophisticated bioresorbable polymer materials to gain a stronghold in the medical polymers industry. Compared with ordinary polymers, medical polymers need to be in direct contact with medicinal liquids and the human body, so they need to have higher chemical stability and biological safety, and the regulatory authorities have stricter risk management and control of medical polymers.

Competition Landscape:
Some of the major players in the Polymers in Medical Devices market are BASF, Evonik, DuPont, Eastman, Solvay, Celanese, Bayer, Celanese, Dow, ExxonMobil and others. Continuous product innovation by key players is a major trend in the market. For instance, in February 2020, Clariant Plastics & Coatings Healthcare Polymer Solutions has announced the development and testing of new polymer materials. The new compounds, marketed under the MEVOPUR brand name covering Clariant’s medical grade materials. These products are especially useful in applications like medical catheters.

Segmentation of Polymers in Medical Devices Market:
Based on product type, the Polymers in Medical Devices market segment includes PVC, PP, PS, PE, TPE, Others. PVC and PE are the most used in medical devices. PVC has been used as a medical material for many years. The material is resistant to chemical corrosion and has strong resistance to oxidizing agents, reducing agents and strong acids. It has good compatibility with intravenous fluid and blood, is wear-resistant, easy to produce, safe to use and low in cost. PVC materials contain plasticizers that may pose potential risks to the human body. PS is the third largest polymer after PVC and PE. It is light in weight, easy to dye and has good molding and processing properties. However, because the PS material is hard and brittle, and has a high coefficient of thermal expansion, the application of the product is limited to a certain extent. With the continuous improvement of the medical system, the continuous improvement of the medical level, and the accelerated replacement of high-end medical devices such as orthopedic implants and cardiovascular interventional devices, the application of new high-performance polymer materials such as PEEK, PTFE, and TPU in the medical field will gradually expand. Based on Application, the market is segmented into Medical Tubing, Medical Bags and Pouches, Implants, Medical Equipment and Diagnostics, Others. Under the new crown epidemic in 2020, the demand for epidemic prevention-related products such as masks, protective clothing, goggles, ventilators, and respirators has skyrocketed in the short term, driving the demand for upstream medical polymers such as PP and PC to rise. Medical polymers are lightweight, flexible in design, and inexpensive, making them ideal for the production of disposable medical devices such as infusion sets, syringes, and blood transfusion sets. Disposable medical devices can reduce the risk of cross-infection and ensure a safer medical process. For a long time, low-value medical consumables have been the largest application scenario of medical polymers. The market for low-value medical consumables has a large market demand and a large scale, but the technical content is not high and the added value is low. It has become a new trend to explore the application potential of medical polymers in high-value medical devices such as orthopedic implants and cardiovascular intervention.

Polymers in Medical Devices Market: Regional Analysis
On the basis of Geography, the Polymers in Medical Devices market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has the largest market share. There are many polymer producers in the region and they occupy the main market. The rising demand for medical polymers in pharmaceutical packaging applications and the rapid growth of pharmaceutical industries in Mexico and Canada is expected to further fuel the growth. For instance, the repealing of stringent regulations by the Mexican government that restricted the establishment of new manufacturing units has resulted in the establishment of new pharmaceutical manufacturing facilities by major companies such as Takeda and Astellas in Mexico. An increasing geriatric population and the rising occurrence of chronic diseases in the region have augmented the demand for medical devices.

Cagr: 8.0%
Largest share area:North America
Largest share country:America
Product Type:PVC, PP, PS, PE, TPE, Others
Application:Medical Tubing, Medical Bags and Pouches, Implants, Medical Equipment and Diagnostics, Others
Leading Company:BASF, Evonik, DuPont, Eastman, Solvay

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19 Jul
Global Kinesio Tape Market Insight July 19, 2022 Comments

According to the WK-chem Research “Global Kinesio Tape Professional Survey Report 2022, Forecast to 2027”, Owing to the rising number of minor physical accidents during exercises and other physical activities. The active lifestyle of people and the increased rehabilitative use of these tapes will drive the market. The whole Kinesio Tape industry has a good development prospect. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 9.5% base on WK-chem Research regression analysis model.

Analysts’Viewpoint:
“With the promotion of the concept of national sports, more people choose to exercise and fitness in their spare time, which is a good market for Kinesio tape. However, the popularity of Kinesio tape is not high, and blind using may have negative effects. In the future, with the increase of the market propaganda power of Kinesio tape, it may increase the utilization rate of the product and contribute to the development of the market.”said Tom, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:
Elastic therapeutic tape, also called kinesiology tape or kinesiology therapeutic tape, Kinesio tape, k-tape, or KT is an elastic cotton strip with an acrylic adhesive that is purported to ease pain and disability from athletic injuries and a variety of other physical disorders. In individuals with chronic musculoskeletal pain, research suggests that elastic taping may help relieve pain, but not more than other treatment approaches, and no evidence indicates that it can reduce disability in chronic pain cases. The major factor attributing to the growth of the market is the increase in the prevalence of muscle pain due to accidents and sports. Furthermore, as the increasing geriatric population is more prone to diseases like arthritis, back pain, and muscle cramps, this is leading to the growth of the market. The increase in the prevalence of muscle pain among population because of minor accidents during sports across the globe acts as one of the major factors driving the growth of the kinesio tape market. The increase in demand for pre-cut tapes as they reduce the time required to cut down the Kinesio tapes into strips as they are already cut and pre-shaped and the wide availability of pre-cut strips in a numerous sizes and lengths accelerate the kinesio tape market growth. The rise in popularity of the kinesio tapes as they are highly effective in relieving both acute and chronic pain especially for pain from scorching injuries the intensity of the pain tends to be out of proportion to the severity of the injury further influence the kinesio tape market. However, stringent rules and regulations regarding patient rights, lack of awareness in developing countries, limited availability of high cost raw materials, and among others are some of the factors hampering the elastic therapeutic tape market growth in near future. Additionally, complications in acquiring of patents by new market entrants may hinder the Elastic therapeutic tape market growth.

Competition Landscape:
The Kinesio Tape market is moderately competitive and consists of several players. There are many manufacturers of kinesiology tapes that compete in the market and provides different product portfolios. Some of the companies that are currently dominating the market are Kinesio Taping, KT TAPE, SpiderTech, RockTape, StrengthTape, K-active, Towatek Korea, Atex Medical, TERA Medical, Nitto Denko, Healixon, DL Medical & Health, Medsport among others. Kenzo Kase, a Japanese-American chiropractor, developed the product in the 1970s. A surge in popularity resulted after the product was donated to Olympic athletes in the 2008 Beijing Summer Olympics and 2012 London Summer Olympics.

Segmentation of Kinesio Tape Market:
Based on product type, the Kinesio Tape market segment includes Roll Form and Pre-cut Shape. Pre-cut Shape segment is the fastest-growing segment of the Kinesio Tape market. The growing popularity of pre-cut tapes is due to the reduction of time required to cut down the Kinesio tapes into strips, as they are already cut and pre-shaped. With their rising popularity, the availability of pre-cut strips in a variety of sizes and lengths has increased steadily. Although it contains no medications or topical substances, kinesiology tape can effectively relieve both acute and chronic pain. This is especially effective for pain from scorching injuries, where the intensity of the pain is out of proportion to the severity of the injury. It reduces swelling and inflammation and accelerates the recovery from bruises and contusions and relieves muscle spasms and cramping. Based on Application, the market is segmented into hospital, rehab center and professional athlete. Growth in sports, aerobics, and growing awareness of taking care of physiological ailments are some of the key factors which are expected to drive the growth of the global kinesio tape market. kinesio tapes are known to provide many therapeutic benefits which help in reducing swelling of knees, shoulders, and joints and therefore are widely used by athletes and other sport persons. The aging population has grown, and the number of elderly patients in hospitals and rehabilitation centers has increased. For patients with joint disease, the tape can help remove congestion while allowing efficient circulation of oxygenated blood and lymphatic fluids. Circulation flushes out irritants, thereby reducing inflammation and chemical buildup and fostering a speedy recovery.

Kinesio Tape Market: Regional Analysis
On the basis of Geography, the Kinesio Tape market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America dominates the market in the forecast period. Major Kinesio tape manufacturers are located in the region, and the United States is also the largest consumer of Kinesio tape. The market growth is due to factors, such as the presence of key players, the high prevalence of accidents and muscle pains and spasms in the region, and established healthcare infrastructure. These are some of the key factors accountable for its large share in the market. The use of Kinesio tape has increased not only among athletes, but also among the general population.

Cagr: 9.5%
Largest share area:North America
Largest share country:America
Product Type:Roll Form and Pre-cut Shape
Application:hospital, rehab center and professional athlete
Leading Company:Kinesio Taping, KT TAPE, SpiderTech, RockTape, StrengthTape

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18 Jul
Global Water Based Inks Market Insight July 18, 2022 Comments

The Water Based Inks market is forecast to steady increase over the next few years. According to the WK-chem Research “Global Water Based Inks Professional Survey Report 2022, Forecast to 2027”, The demand from corrugated cardboard, flexible packaging, and textile printing industries is expected to grow at a significant rate in the coming years. This will result in the growth of the Water-Based Inks Market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.0% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“The unique characteristics of water-based inks that do not pollute the atmospheric environment are being favored by more and more printing companies. Water-based inks have a wide range of applications, and printing companies prefer water-based inks when choosing products. Environmentally friendly products are the main trend of future industry development. Enterprises should increase investment in green water-based ink products in product research and development to meet the needs of market consumers.”said John, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:
Water based inks are defined as inks that use water as the main solvent for carrying pigment. They are made up mostly of acrylic resins or hybrid blends of acrylic resin and polyurethanes. Water based ink penetrates the fabric more than plastisol and will always provide a softer print because most of the ink is made up of soft resins and water which evaporates during the curing process. Because water is used as a dissolving carrier, water-based inks have significant environmental protection and safety features. The use of water-based printing inks eliminates the need for exhaust air treatment such as solvent combustion, and there are no VOC emissions. Expensive measures for fire protection and work safety, safety during printing and transport as well as during storage are no longer necessary. Growth in flexible packaging, rise in demand for printing inks, and increase in environment & safety issues are major factors that drive the growth for water-based inks market. Use of water-based inks reduces amount of hazardous waste. Compared with solvent-based inks, the consumption of water-based inks is reduced by about 10% when printing the same quantity and specifications of prints. Not only that, because the printing plate needs to be cleaned frequently during printing, the water-based ink is more convenient to clean without consuming a lot of cleaning fluid. From the perspective of resource consumption, water-based inks are more economical, which is in line with the theme of a conservation-minded society advocated by the world today. The main disadvantage of water-based Inks is their slow drying and printing speed. Because water-based Inks are soluble in alkaline solutions, their use is restricted in highly alkaline environments. However, due to the high surface energy of water molecules, these inks cannot wet and print smoothly on difficult substrates. These factors stifle the market for water-based ink.

Competition Landscape:
Some of the major players in the Water Based Inks market are DIC Corporation, Flint Group, Toyo Ink, Kao, FUJIFILM, Nazdar Ink Company, Sakata Inx among others. The major players operating in the global market focus on key market strategies such as product launch, mergers, acquisition, and expansion to strengthen their market reach to maintain their position in the competitive market. In July 2017, Flint Group launched PremoNava series of water-based inks for paper & board applications to meet the increase in customers demand in Europe, Middle East, and Africa.

Segmentation of Water Based Inks Market:
Based on Resin Type, the Market is segmented into Acrylic, Maleic, Shellac, and Others. Acrylic Resin is a type of ink that has the highest penetration in the global water-based inks market. The thermoplastic acrylic resin in the process of film formation does not have further crosslinking, so its relative molecular weight is relatively large, and it has good light and color retention, water and chemical resistance. It can also dry fast, construct conveniently, and be easy to repaint and rework. Maleic resin is a type of synthetic resin that is derived from maleic anhydride. It has high resistance to heat and solvents, making it ideal for use in products such as lacquers, paints, adhesives, coatings, and inks. Based on Application, the Market is segmented into Corrugated Cardboards, Flexible Packaging, Tags & Labels, Folding Cartons, and Others. Major demand of the water based ink was comes from packaging application. The growth in corrugated cardboard and folding cartons applications is also driving the growth for water based ink market. The use of water-based inks is increasing day by day in corrugated cardboard. The main reason behind this is that these inks are environment-friendly and do not contain any volatile organic compounds (VOCs). Moreover, they provide high-quality printing that cannot be achieved with other types of inks. In recent times, the demand for these corrugated cardboards has increased as they are light in weight and provide better protection to the products. The water-based inks are used for printing purposes on flexible packaging. The water-based inks are environment-friendly and do not contain any harmful solvents. They also provide a superior print quality as compared to oil-based inks. Furthermore, the use of water-based inks helps to reduce the overall manufacturing cost due to the low consumption of ink. Thus, water-based inks are widely used for printing flexible packaging products.

Water Based Inks Market: Regional Analysis
On the basis of Geography, the Water Based Inks market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific dominates the market. The economies of the Asia-Pacific region are mainly influenced by the economic dynamics of countries such as China and India. The Asia-Pacific region has a large population, and the consumer packaging industry is growing rapidly due to factors such as increasing per capita disposable income and the growth of the Internet consumer market. E-commerce is growing rapidly in China, and more consumers are more inclined to buy online. The rapid development of e-commerce has led to the expansion of the corrugated board, labels and folding carton industries in the country.

Cagr: 4.0%
Largest share area:Asia Pacific
Largest share country:China
Product Type : Acrylic, Maleic, Shellac, and Others.
Application:Corrugated Cardboards, Flexible Packaging, Tags & Labels, Folding Cartons, and Others
Leading Company:DIC Corporation, Flint Group, Toyo Ink, Kao, FUJIFILM

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WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

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15 Jul
Global Strapping Market Insight July 15, 2022 Comments

The Strapping is forecast to steady increase over the next few years. According to the WK-chem Research “Global Strapping Professional Survey Report 2022, Forecast to 2027”, With the apid development of packaging industry, the Strapping industry is developing at an incredible speed. The main driving forces of the market include substantial expansion in the worldwide packaging sector and the growing requirement to safeguard products against damage during transport. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.4% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“The strapping industry is positively affected by the development of the application market, attracting more market participants to join in, and manufacturing products that are more suitable for the market, which brings certain threats to the original enterprises. With the improvement of scientific and technological means of research and development, the diversification of product portfolio is one of the trends of future business development. Enterprises can try to develop products for bundling machines or tools, which is conducive to occupying more markets.” said Johnny, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:
Strapping, also known as bundling and banding, is the process of applying a strap to an item to combine, stabilize, hold, reinforce, or fasten it. The strap may also be referred to as strapping. Strapping is most commonly used in the packaging industry. Strapping in the packaging business is most common. The strap is a flexible flat material, mostly consisting of steel or different plastic materials. Most common applications of Strapping include Tailoring of handling and shipping items together: journals, roof, wood, blocks of concrete, etc. Strapping is usually employed in entire horizontal or vertical bands. Edge protective devices are used to reduce load damages by the tensioning strap and spread the weight at corners. Strappings may also be employed in loops on rail carriages, skids, etc. There has been a rise in demand for consumer electronics, household appliances, pharmaceutical products, medical devices, and textile goods, which is projected to result in an increase in demand for strapping material as a suitable packaging material. Growth in mail orders and the logistics business, along with expansion of the e-commerce industry, is projected to further boost the demand for strapping materials. In response to the COVID-19 crisis, various governments have taken different measures, such as interrupting transportation, closing export trade activities, etc., the market demand for bundling materials has dropped significantly. The scarcity of labor and raw materials also leads to a reduction in production activities, which negatively affects the subsequent development of the market.

Competition Landscape:
Some of the major players in the Strapping market are Signode, MJMaillis Group, Samuel Strapping, Cordstrap, Dynaric, Mosca, FROMM Group and others. Global suppliers of different types of strapping materials are striving towards ramping up their manufacturing activities and are increasingly focusing on new product launches along with partnerships, acquisitions, and mergers, for augmenting their global presence. February 16, 2022, Signode Launches New BPT Steel Strapping Hand Tool. The new tool boasts high performance battery and brushless motor technology, providing electronically controlled and reproducible strapping processes.

Segmentation of Strapping Market:
Based on the Product Type, the market is segmented into Plastic Strapping and Steel Strapping. Steel straps are the most commonly used throughout the world. It’s versatile and highly durable and resistant to environmental extremes and able to secure heavy loads better than just about anything else. Treated and coated steel can also weather through rust and corrosion, as well. With its high tensile strength and resistance to stretching, steel straps are easily the best option for securing heavy loads such as construction materials and is ideal for cross-country shipping for its resistance to strain and the outside elements. Though steel still reigns supreme in the world of strapping, plastic is growing rapidly in popularity for a wide range of uses, from bundling papers to baling light materials such as cardboard and plastics. Plastic straps are cheap, easy to order in bulk, and particularly excel in light-duty applications where steel straps aren’t exactly necessary. Polypropylene strap (oriented or tensilized) is an economical material designed for light to medium duty unitizing, palletizing and bundling. It is available in various widths, thicknesses, and polymer variations (e.g., copolymers). Most polypropylene is embossed, some of which is also printed. This product offers higher elongation at break but tends to have irrecoverable dead stretch with constant stress. Based on Application, the market is segmented into Based on the Application, the market is segmented into Wood Industry, Building Industry, Paper Industry and Textile Industry. In emerging economies, the newspaper and graphics segment has been growing due to an increase in production and circulation of various magazines and print advertisements. This can be attributed to a rise in the number of pages in a newspaper on specific occasions and rapid urbanization. Newspapers and magazines are often used in the packaging industry and this can subsequently increase the uptake of strapping materials in the newspaper and graphics application segment. In the packaging sector, newspapers and magazines are widely utilized, and it might enhance the usage of strap material in the newspaper and graphics applications segment afterward.

Strapping Market: Regional Analysis
On the basis of Geography, the Global Strapping Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The most rapidly developing regional market is expected in the Asia Pacific. This growth is due to the rising application of Strapping materials in food and beverage sectors, industrial logistics and warehouses, and journals and graphics. The Asia-Pacific region has a large population and high demand for consumer goods. With the rapid development of the Internet big data era, online shopping has become the first choice of Chinese consumers, which promotes the rapid development of the logistics and warehousing industry, and indirectly increases the market demand for strapping belts.

Cagr: 4.4%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Plastic Strapping and Steel Strapping
Application:Wood Industry, Building Industry, Paper Industry, and Textile Industry
Leading Company:Signode, MJMaillis Group, Samuel Strapping, Cordstrap, Dynaric