Categories
Specialty Polymers

Thermoplastic Polyolefin (TPO) Market – Growth, Study, Predictions And Trends, 2014 To 2020

Thermoplastic polyolefins encompass proportions of polyethylene, polypropylene, filler and rubber. The features of thermoplastic polyolefins rely hugely on the allocation and enormity of their microstructure. Thermoplastic polyolefins fall under the category of thermoplastic elastomers. They are made to undergo processing similar to thermoplastic substances and are polymers.

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Thermoplastic polyolefins can be made to undergo processing. This can be done by different procedures. They include profile extrusion, injection molding and thermoforming. Some of the regular application sectors of the thermoplastic polyolefin (TPO) market are automotive parts, roofing membranes, recreation works, construction works, etc.

Rising demand for TPOs across these sectors is expected to drive further growth of the market. The market is estimated to attain about USD 3.4 billion by 2020. Growing applications of TPOs across the sectors of construction and automotives in India and China are also predicted to drive the demand for the thermoplastic polyolefin (TPO) market. This factor also provides future growth prospects to the market.

There has been mounting inclination towards the use of TPOs in place of polyvinyl chloride. This is due to rising ecological apprehensions in primary client sectors, like construction and automotives. Further demand for the thermoplastic polyolefin (TPO) market has been steered ahead by this factor. TPOs process akin to polymers and have features akin to rubber. This makes them apt for high performance applications.

Their rising demand across applications with high performance drives major sales of the thermoplastic polyolefin (TPO) market. The features of TPOs do well and steer the market forward. Expansion in the industry of automotives in the developing regions of BRIC is also projected to drive increased demand for the thermoplastic polyolefin (TPO) market.

Categories       

The worldwide market is sliced on account of two categories. These are regions and applications. The regions market is divided further in view of Asia Pacific, rest of the world, Europe and North America. The applications thermoplastic polyolefin (TPO) market is divided further on account of packaging, construction, automotives and others niche sectors. Rising demand for TPOs across all these segments is anticipated to boost the sales of this market.

Leaders  

The regions thermoplastic polyolefin (TPO) market was dominated by North America. The region captured around 37 percent share. It was trailed by Asia Pacific. This is also expected to be the most swiftly expanding region during the forecast period. Asia Pacific is estimated to rise at about 7 percent CAGR during 2014 to 2020. This can be credited to its expanding automotive sectors in India and China. North America and Asia Pacific jointly made up for majority of the share in the thermoplastic polyolefin (TPO) market. Europe is predicted to grow sluggishly through the said phase. This is owing to its saturated regions.

The applications market was leaded by automotives. This was with respect to income and volume. Automotives captured the biggest share of about 75 percent. The other secondary application sectors of the thermoplastic polyolefin (TPO) market include molds, films and sheets, fibers and tapes and healthcare. Amplified demand for TPOs across these sectors is also projected to drive the demand for the thermoplastic polyolefin (TPO) market.

Thermoplastic Polyolefin (TPO) Market

Information Source: Grand View Research

Categories
Plastics Polymers & Resins

Plastic Compounding Market – Growth, Analysis, Trends And Forecasts, 2015 To 2022

Demand for the worldwide plastic compounding market was projected at about 219 million tons in 2013. Growing demand for plastics in the sectors of automotives, construction, electricals and electronics, etc is estimated to be a primary factor, positively affecting the plastic compounding market. Plastics are utilized across different applications. These include electronic parts, automotive constituents, furniture, and building materials.

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Regulatory interference decreases the weight of automotives. Reduced weight of automotives enhance the effectivity of fuel and decrease carbon ejections. The aforementioned factor has prompted vehicular OEMs to utilize plastics as a replacement to metals, like aluminium and steel for making vehicular constituents. With rising demand for plastics in the manufacture of vehicular constituents, the plastic compounding market is predicted to gain momentum in the years ahead.

This is on account of escalating need for quality materials in vehicular OEMs. Rising investments in the construction sector in developing regions and quick expansion in the construction industry of Africa are also projected to boost the plastic compounding market in the years to come. The cancer causing and non-biodegradability properties of some plastics are continuously examined by certain regulatory organizations. This factor is estimated to hinder the market in the future.

Categories

The plastic compounding market has been fragmented on account of products, applications and geographies. The products market includes PVC, olefins, PET, polystyrene, engineered polymers and others. The others sector consists of polysulfone, PEEK, polyimide, PMMA, etc.

Some of the applications have been explained above. Other application sectors of the plastic compounding market include manufacturing equipment, client goods, fabrics and toys. Rising demand for plastic compounding in these sectors is also anticipated to drive the demand for the market.

The regional sectors include Asia Pacific, rest of the world, Europe and North America.

Leaders      

The products market was dominated by olefins in 2013. Olefins are a primary product utilized in compounding. They occupied more than 50 percent of the volume in the plastic compounding market that year. Increased demand for polyethylene, specifically LDPE, in the sectors of conveyance and packaging has been a principle factor, positively affecting the growth of olefins.

Huge demand for polypropylene in electrical and vehicular constituents has invited more demand for olefins in the past. Positive approach towards oil extraction and drilling operations is also anticipated to drive the demand for olefins compounding over the forecast phase. PET is estimated to witness huge demand during the forecast period.

The applications plastic compounding market was dominated by automotives. Flowing demand for high performance and lightweight automobiles in client sectors is also estimated to steer the market ahead. The regions market was leaded by Asia Pacific in 2014. It captured more than 45 percent of the volume in the plastic compounding market.

Quick urbanization and rising population have boosted the fiscal conditions of India and China. The main industries of construction, automotives, client devices and electrical and electronics have experienced fast development. This has caused increased utilization of plastics in these industries and steered the sales of the plastic compounding market.

Plastic Compounding Market

Information Source: Grand View Research

Categories
Semiconductors & Electronics

Service Robotics Market – Growth, Study, Trends And Forecasts, 2014 To 2020

The service robotics market includes various robots. These are used for medical, defense, aerospace and various other purposes. Rising demand for service robotics across these sectors is estimated to drive the demand for the service robotics market during the forecast period. These robotics are also utilized for ensuring safety and surveillance. Services robots are highly advanced and estimated to infiltrate markets on account of their advantages.

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They have a mix of technologies, sciences and applications. Service robotics technology also assists in decreasing workloads. It comes forward in dangerous circumstances and helps achieve tasks which are next to impossible for humans. Robots utilized for individual tasks can assist, educate or entertain people at home. Other robots help in ensuring home safety, serve as friends and also aid in completing daily chores. The service robotics market also has a huge consumer base in the form of elderly and disabled people.

Outlook

The service robotics market is on rise and expected to grow significantly in the future. It is projected to attain a revenue of about USD 19 billion by 2020. The market is likely to expand at about 21 percent CAGR during 2014 to 2020. Service robotics technology is useful to humans. It caters to their professional as well as individual requirements.

Rising demand for service robots from old and disabled people is also estimated to steer the sales of the market. Due to broad application scope of these robots, the market faces huge demand across various industrial verticals. The service robotics market has gigantic potential and prospects in the future. It has also experienced imperative developments over the past years. This is specifically with regard to accuracy, mobility and perception.

Service robots help in executing tasks that are tiresome, dirty, dangerous and repetitive. They perform operations which are partly or fully automatic. Some of the other major application sectors across which these robots find use are research and rescue operations, forestry, demolition, cleaning and farming. Augmented demand for service robots across these sectors is also predicted to drive increased demand for the service robotics market.

Increased usage of robotics in automotives and rising governmental finances in support of service robotics also help drive further demand for the market. The service robotics market is segmented on account of two categories. These are applications and regions.

Applications Outlook

The applications market is fragmented into two categories. These are personal service robots and professional service robots. Personal service robots are utilized as pets and friends and means of entertainment. They occupy smaller share in the service robotics market. Professional service robots are used in the sectors of defense, farming, logistics, forestry, mining, search and security, medical, etc. All these sectors make use of highly advanced robots to meet their objectives.

Regions Overview

The service robotics market is also sliced in view of four regions. These are Asia Pacific, rest of the world, North America and Europe. Asia Pacific is estimated to remain the primary region. North America is likely to capture crucial shares in the service robotics market in years ahead.

Service Robotics Market

Information Source: Grand View Research

Categories
Plastics Polymers & Resins

Phenolic Resins Market – Growth, Analysis, Trends And Forecasts, 2014 To 2020

Phenolic resins are synthetic polymers. They are acquired when substituted phenol or phenol reacts with formaldehyde. Phenolic resins possess good resistance to heat and high mechanical strength. They also are flame retardants, mix with other polymers to deliver high performance and emit less smoke. These features work in support of the phenolic resins market. They also assist the utilization of phenolic resins in molding composites, insulation, laminates, wood adhesives and other applications.

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The worldwide phenolic resins market is estimated to expand at a CAGR of around 5.7 percent during 2014 to 2019. It is predicted to observe an income of about USD 19 billion by the end of the said period. Augmented demand for phenolic resins also owes to prospects in the expanding industries of residential and construction in emergent regions. The phenolic resins market experienced considerable expansion in the past. It is likely to progress further through the forecast phase.

Phenolic resins also possess low poisonousness. They are growingly utilized in fire retardant substances in vital aircraft and automotive constituents. Thus, increased usage of fire retardant substances is also estimated to augment the phenolic resins market further. As crude oil is a prime raw material for the manufacture of phenolic resins, price instability has a direct effect on the market. Environmental policies related to formaldehyde ejections are estimated to obstruct the flow of the phenolic resins market.

Categories And Leaders

The phenolic resins market is segmented on account of three categories. These include applications, products and regions. The applications market meets the demands of the sectors of automotives, construction, and aerospace. This happens via the utilization of phenolic resins in laminates, insulation, wood adhesives and molding composites. Wood adhesives rose as the leader of the applications sector in 2013.

This was on account of augmented utilization of phenolic resins in the sticking together of particleboard and plywood. Molding composites are estimated to expand at the swiftest pace during the forecast period. These composites are utilized in different vehicular parts. The parts include cooling systems, air supply system brakes, suspensions, fuel systems and power train.

Rising demand for phenolic resins in such automobile parts also drives major demand for the phenolic resins market. Thus, further expansion in the sector of automobiles is also likely to drive the growth of this market. The products market is divided further in view of novolac resins and resol resins. Resol resins occupied most of the shares in the phenolic resins market in 2013.

This was on the strength of rising demand for phenolic resins in laminates and wood adhesion applications. Noticeable demand for phenolic resins in the production of oriented strand boards and engineered laminated composite lumber is predicted to add extra income to the resol resins market through the forecast phase. Novolac resins would experience profits in the phenolic resins market in the coming six years.

This would be on account of their capacity to mold simply. The regions phenolic resins market was leaded by Asia Pacific in 2013. It was on account of growing utilization of molding composites in India and China.

Phenolic Resins Market

Information Source: Grand View Research

Categories
Petrochemicals

Bitumen Market – Growth, Analysis, Trends And Forecasts, 2014 To 2020

Bitumen is a highly gelatinous, dark and clammy substance. It is obtained from crude oil via fractional refining. Bitumen is mainly utilized as a binder in road building. It is also referred to as asphalt in North America. Bitumen has characteristics, like insulation, water resistance, high durability, etc. Due to these features, it is used in roofings, electronics and adhesives.

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Rising demand for bitumen in all these sectors is expected to augment the demand for the bitumen market. The features of bitumen can be changed by mixing it with polymers, thereby boosting its scope for applications across various industries. With rising infrastructural operations in Brazil, China and India, bitumen demand is estimated to rise stably in the coming six years.

More than 80 percent of the bitumen generated per annum is utilized in the building of roads. Growing road building operations in the developing nations of India, Brazil and China are projected to be an important factor, positively affecting the bitumen market. Besides these, escalating demand for bitumen in other applications and generation of polymer modified bitumen is also predicted to drive the bitumen market forward.

However, ecological issues connected with the refinement, withdrawal and usage of bitumen are predicted to hold back the market. Moreover, augmented utilization of concrete as a replacement to bitumen for road building is also likely to negatively impact the bitumen market. Nevertheless, the production of bio-based bitumen is estimated to provide ample prospects to the market in the future.

Categories

The worldwide market is fragmented in view of three categories. These include applications, products and geographies. The applications bitumen market comprises waterproofing, roadways, insulation, adhesives, and others. The others sector includes industrial and decorative applications. Increased demand for bitumen across these sectors is also expected to have a positive impact on the bitumen market.

The products sector includes oxidized bitumen, paving grade bitumen, cutback bitumen, bitumen emulsion, polymer modified bitumen and others. The geographies bitumen market consists of Europe, rest of the world, North America and Asia Pacific. Growing demand for bitumen across these regions is also anticipated to drive the demand for the market. Most of the Asian Pacific bitumen market revenue comes from India and China.

Application Leader   

The applications market was dominated by roadways in 2013. Roadways were the biggest application sector of the bitumen market. Waterproofing is estimated to be the most swiftly developing application in the coming years. It is likely to rise at about 4 percent CAGR during 2014 to 2020.

Product Leader       

Paving grade bitumen was the biggest utilized bitumen in 2013. This product occupied more than 65 percent of the bitumen market. Polymer modified bitumen is predicted to experience the most rapid growth through the forecast period. This is on account of its escalating usage in road building operations and roofing sector.

Regions Leader

North America was the biggest client base of the bitumen market in 2013. It occupied around 30 percent of the worldwide consumption. China and India are estimated to undergo swiftest development during 2014 to 2020.

Bitumen Market

Information Source: Grand View Research

Categories
Communication services

Near Field Communication (NFC) Market – Size, Outlook, Categories And Trends, 2014 To 2020

Nearfield communication (NFC) refers to a cordless technology. It primarily finds uses in tablets and mobile phones. NFC is based on RFID technology and is a substitute to other cordless technologies. NFC provides the benefit of high safety in comparison to others. The near field communication (NFC) market has gained considerable momentum. This is owing to the rising implementation of NFC technology across different industry verticals. The increased demand for NFC in consumer sectors is also projected to drive the market ahead.

For Market Research Report on “Near Field Communication (NFC) Market” Visit – http://www.grandviewresearch.com/industry-analysis/near-field-communication-nfc-market

Outlook

The near field communication (NFC) market is estimated to attain a value of about USD 16.3 billion by 2022. It is predicted to register a CAGR of around 8.8 percent during 2014 to 2022. The market is likely to witness significant expansion in the coming years. It is highly dynamic in nature and has great prospectives across various industries.

The vital drivers of the near field communication (NFC) market are growing implementation of NFC technology in the expanding market of smartphones and increased consciousness regarding safety offered by it. Low consciousness with regard to advantages and apprehensions of safety and confidentiality in relation to NFC technology has served as a hindrance for the market.

Categories

The near field communication (NFC) market is fragmented in view of three categories. These are applications, products and geographical regions. The applications market includes ticketing, payment, data sharing, booking, medical, services, games and toys and authentication and access control.

Rising demand for NFC in all these sectors is also estimated to drive the demand for the near field communication (NFC) market.

The products market consists of NFC tags, NFC controller ICs, NFC secure elements and NFC readers. The geographical regions near field communication (NFC) market covers Europe, rest of the world, Asia Pacific and North America.

Leaders

The applications market was dominated by contactless transactions utilizing NFC-enabled instruments in 2012. Contactless transactions utilizing NFC-enabled instruments were the biggest application sector that year. They occupied about 22 percent of the entire near field communication (NFC) market. The authentication and access control sector making use of NFC is rapidly occupying shares with time. This is on account of enhanced safety characteristics.

Clients are growingly self-assured about the utilization of contactless payments. This factor is also predicted to drive the demand for the near field communication (NFC) market. Amidst all the product sectors, the market was dominated by NFC readers in 2012. NFC readers occupied the biggest share of about 46 percent that year. This was on account of higher sales costs.

The rising implementation of NFC technology will also grow the demand for NFC readers in the years ahead. NFC tags are facing imperative demand across newer applications, like the sectors of games and toys and medical. This factor is predicted to drive the sales of NFC tags in the years to come. North America was the biggest near field communication (NFC) market of the globe in 2012.

The region occupied a share of about 32 percent in the global near field communication (NFC) market. This was because of considerable demand for contactless payments and premature enforcement of technology in it.

Near Field Communication (NFC) Market

Information Source: Grand View Research