Lubricant Market to Witness an Outstanding Growth by 2025

The global independent lubricant manufacturers market features a consolidated vendor landscape, wherein leading four companies collectively held almost 58% market share in 2016, as per a recent report by Transparency Market Research (TMR). Of them, Germany-based FUCHS alone contributed nearly 37% revenue generated in the overall market for independent lubricant manufacturers in 2016, pointing towards the stronghold of the company in the global market.

Despite the stronghold of top vendors, the presence of a large number of small players stiffens competition in the global independent lubricant manufacturers market. Product pricing, innovative product offerings, and distribution channels are the key aspects that based on which companies in this market compete to garner larger market share. The emergence of bio-based lubricants and the vast growth opportunities on account of demand for these products is expected to intensify competition in the market.

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Furthermore, penetration into high-growth emerging economies and development of environmentally sustainable products could be the most rewarding strategies for companies contending to establish their presence in the global independent lubricant manufacturers market.

TMR estimates that the global independent manufacturers market will reach a valuation of US$9,454.04 mn by the end of 2025 increasing from US$6,800.79 mn in 2016, at a CAGR of 3.80% between 2017 and 2025.

In 2016, the mineral lubricants product segment led the market holding a massive 60.8% share. However, the segment is expected to witness a nominal decline over the forecast period, on account of a notable rise of the synthetic lubricants product segment.

On the basis of geography, in 2016, Asia Pacific led the global independent lubricant manufacturers market in terms of revenue share, followed by North America.

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Growth of Automotive Industry Catapults Demand for Lubricants

Some of the key factors driving growth of the global independent lubricant manufacturers market is the healthy growth of the automotive industry and immense demand for bio-based lubricants. The significant expansion of the automotive industry, which is one of the key end users of lubricants, predominantly in emerging economies due to a rapidly growing middle-class population and strengthening financial conditions is majorly fuelling the market’s growth.

The implementation of environment protection regulations across key regional markets has led to a massive demand for high-quality lubricants. With these regulations expected to remain in place in the forthcoming years, the trend is anticipated to have an immense positive impact on the growth of independent lubricant manufacturers market. Furthermore, environment protection stipulations is also expected to witness demand for bio-based lubricants, thereby presenting growth opportunities for independent lubricant manufacturers that offer bio-based products.

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Fluctuating Feedstock Prices Impacting Profit Margins Favor Use of Low Cost Alternatives in Cost Sensitive Regions

On the flip side, however, fluctuating raw material prices is posing as a deterrent to the growth of independent lubricant manufacturers market. This is because fluctuations in feedstock prices inevitably affect pricing models and mostly lead to declined profit margins. Price related fluctuations mostly impact cost-sensitive regional markets, wherein consumers easily shift to cheaper alternatives.
Despite the palpable environment benefits of bio-based lubricants, their high costs is preventing consumers from buying these products and instead opt for conventional crude-oil based lubricants.

Propanol Market to Witness an Outstanding Growth by 2025

The global propanol market has a relatively fragmented competitive landscape as a vast number of small and large propanol vendors thrive across the globe. This has rendered the market highly competitive, states Transparency Market Research (TMR) in a recent report. Owing to the high intensity of competition, companies in the market are focusing on growth strategies such as increased funds diverted towards research and development of bio-based product varieties, mergers and acquisitions, and collaborations.

Companies are also focusing on capacity expansion as a way to ramp up their potential of grabbing a larger consumer base across high growth potential regions. Oxea, one of the market’s leading vendors, has begun construction of a new propanol manufacturing unit in the U.S. The unit, located in Bay City, is expected to produce 100,000 mt of propanol on an annual basis and is projected to begin operations in 2018.

The report states that the global propanol market will expand at a 2.3% CAGR over the period between 2017 and 2025, rising from an opportunity of US$2.19 bn in 2016 to US$2.68 bn by 2025.

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Iso-propanol to Retain Leading Position in Terms of Consumption

Of the key varieties of propanol used industrially, the segment of iso-propanol is presently the dominant product type. The segment held a massive 88% of the overall revenue of the global propanol market in 2016. The vast usage of the product across a vast range of applications is expected to help it retain its dominance in the global propanol market over the forecast period as well. From a geographical perspective, the market for propanol in Asia Pacific is presently the leading contributor of revenue to the global market. The regional market accounted for a significant 45% of the global market in terms of volume in 2016 and is likely to exhibit promising growth opportunities over the report’s forecast period as well.

Promising Demand from Cosmetics and Personal Care Industries to Fuel Growth Opportunities
Personal care and cosmetics industries are some of the primary consumers of propanol and growth of these sectors invariably affects the overall development of the global propanol market. Market analysts predict impressive growth prospects for these industries in the coming years, with factors such as rising disposable incomes, increased expenditure on premium personal care brands, easy availability of international brands across developing economies, and the vast demand for anti-ageing products driving growth. These factors, in turn, are expected to ramp up the growth opportunities of the global propanol market.

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Fluctuating Costs of Raw Material Could Hinder Growth Rate of Market
One of the key factors inducing a negative impact on the global demand for propanol is the rising preference of acetone manufacturers to the cumene process, cutting down the demand for propanol significantly. The cost of production of acetone with the help of the cumene process is relatively lesser than the cost of production with the help of propanol. As acetone production is one of the key areas of application of the propanol market, increased preference to the cumene process is expected to negatively affect the profit margins of companies in the global market.

The volatile cost of raw materials is also projected to affect the overall growth prospects of the global propanol market negatively over the report’s forecast period. Nevertheless, rising demand for bio-based products has opened up a new window of opportunity for chemical manufacturers and could help propanol companies renew growth opportunities.

Polyphenylene Ether Alloy (PPE) Market to Witness an Outstanding Growth by 2025

A report by Transparency Market Research forecasts the global polyphenylene ether alloy market to expand at a CAGR of 4.9% between 2016 and 2025. The market is expected to attain a value of US$1,951.2 mn by 2025 from a valuation of US$1,264.7 mn in 2016.

North America to Stay Dominant in Future

The global polyphenylene ether alloy market has been studied based upon product type, end users, and geography in this report. The product type segments of the market considered in this report are PPE/PS, PPE/PA, PPE/PP, and others. Amongst all, the segment of PPE/PA currently leads the market and is expected to display notable growth in the upcoming years due to the rising demand for recycled plastic in electrical and electronics and due to the demand for light weight components in automobiles.

North America held the leading share in the global polyphenylene ether alloy market in 2015 followed by Europe volume-wise. The trend is expected to continue over the forecast period owing to the increasing demand for sustainable products. The rapid growth in automotive sector combined with rising demand for recycled plastic in consumer electronics and other industrial applications is fuelling the growth of North America PPE alloy market.

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Favorable Physical Properties Stoke Demand for Polyphenylene Ether Alloy across Industries
The global polyphenylene ether alloy market is driven by several factors, of which rising demand for reducing the weight of automotive components for fuel efficiency is a prominent one. Stringent regulations to curb CO2 emissions has compelled manufacturers to opt for revolutionary materials which is working in favor of the market.

Another significant factor driving the market is stringent regulations in place across several industries for controlling corrosion of equipment. This makes polyphenylene ether alloy suitable for several applications, especially fluid transporting equipment as it possesses high hydrolytic stability due to its low absorption rate properties. Furthermore, polyphenylene ether alloys are eco-friendly, recyclable, and display high dimensional stability by virtue of which they are expected to witness demand from electrical and electronics and medical industry.

The demand for high performance cables in electrical and electronics is significantly boosting the polyphenylene ether alloy market. This is because polyphenylene ether alloy displays excellent dimensional stability and low creep behavior at elevated temperatures, which make them suitable for circuits, wires, cables, and plugs.

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On the flip side, high production cost and fluctuating raw material cost for PPE alloy are negatively impacting the market. Availability of other thermoplastics such as polycarbonate and polybutylene terephthalate that are low in cost and are at par with PPE alloy in functionality is proving detrimental to the market’s growth.

Leading players in the global polyphenylene ether market, as per a recent publication by Transparency Market Research include Asahi Kasei Chemicals Corporation, Mitsubishi Engineering Plastics Corporation, Saudi Basic Industries Corporation, and Sumitomo Chemical Company.
A notable trend observed in the global polyphenylene ether (PPE) alloy market is joint ventures between market participants and pursuits for PPE capacity expansion. This is not only strengthening the technical expertise and production capacity of partnering companies, but also bolstering their operational capabilities. A case in point is Asahi Kasei Chemicals Corporation. In January 2017, the company entered into a joint venture with China National Bluestar (Group) Co. Ltd. As per the agreement, Asahi Kasei Chemicals Corporation will commence the production and sale of its mPPE brand Xyron in China, including the intermediate material i.e. 2, 6-xylenol and polyphenylene ether (PPE).

Chemical Vapor Deposition Market Estimated to Flourish by 2025

According to Transparency Market Research (TMR), the global chemical vapor deposition market was valued at US$16,449.8 mn in 2016 and is estimated to reach US$32,441.5 mn by 2025, expanding at a CAGR of 7.7% between 2017 and 2025.

Rising Need for Reliable Coatings Drives Chemical Vapor Deposition Market

Chemical vapor deposition (CVD) can be performed by various methods such as atmospheric pressure CVD (APCVD), low pressure CVD (LPCVD), and others. It is used to provide wear-resistant coatings, corrosion-resistant coatings, and heat-resistant coatings. It is also used for the production of high-purity powder and fabricating ceramic and metal matrix composite materials. The growing need for high-quality coatings in a number of industries is likely to drive the chemical vapor deposition market in the coming years.

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Steady Growth of Microelectronics Sector Benefits Chemical Vapor Deposition Market

Rising demand for microelectronics is likely to drive the chemical vapor deposition market in the near future. The microelectronics application segment is expected to emerge as a prominent and rapidly expanding application of chemical vapor deposition in the coming years. In the microelectronics industry, CVD equipment is used for wafer processing in the semiconductor industry, and for coating applications in the LED (light emitting diodes) manufacturing process. Microelectronics is a leading application segment for CVD and expansion of the microelectronics market has been a major factor fuelling the CVD market.

Rapid industrialization in developing economies in Asia Pacific is likely to be a crucial driver for the global chemical vapor deposition market. This has also led to growing demand for automated equipment in many industries, leading to rising use of chemical vapor deposition to ensure a strong coating.

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Currently, Asia Pacific leads the global chemical vapor deposition market, followed by North America and Europe. Increasing consumption of chemical vapor deposition in electronics industries in China and India is likely to fuel the demand for chemical vapor deposition applications in Asia Pacific over the forecast period. China is the key manufacturer and consumer of CVD products in Asia Pacific, mainly due to the booming demand from microelectronics applications. CVD demand would continue to increase in Asia Pacific over the forecast period. Asia Pacific accounted for more than 35% of the global chemical vapor deposition market in 2016.

Key players in the Chemical Vapor Deposition market include ULVAC Inc., IHI Corporation, Singulus Technologies AG, Veeco Instruments Inc., Tokyo Electron Limited, Mustang Vacuum Systems, Dynavac, and Oxford Instruments. The chemical vapor deposition market is likely to witness the entry of new players on a regular basis in the coming years due to the attractive commercial proposition of the market. Acquisition of smaller emerging players with considerable expertise in particular aspects of the process is likely to be a key tactic for large players in the global chemical vapor deposition market in the coming years.

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Wood Coatings Market Estimated to Flourish by 2025

A report by Transparency Market Research predicts the revenue in the global wood coating market to expand at a healthy CAGR of 8.3% from 2017 to 2025 to reach a value of US$17.595 bn by 2025 from US$8.625 bn in 2016. Volume-wise, it predicts the market to exhibit a CAGR of 7.5%.

Powered by Emerging Economies, Asia Pacific Leads Market

Depending upon the type of resin, the global wood coatings market is segmented into polyurethane, acrylics, melamine formaldehyde, nitrocellulose, etc. Of them, the segment of polyurethane accounts for maximum market share and going forward too is expected to retain the share by registering a CAGR of 8.8% between 2017 and 2025. This is because polyurethane is scratch and humidity resistant.

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Regionally, the segments of the global wood coatings market studied in the report are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, among them, leads the market with maximum share powered by the densely populated emerging economies in the region. On account of the rising wealth of people in the region, the sales of furniture has increased and this has led to the growth in wood coatings market in Asia Pacific. The region is slated to grow its dominant share slightly by 2025 to 47.4%.

Booming Housing Construction Activities Stokes Growth

Majorly fuelling growth in the global wood coatings market are the growing number of housing construction activities worldwide and the increasing disposable incomes of people which has driven up sales of furniture. Environmental regulations placed on emission of volatile organic compounds (VOCs) is also providing headwinds to the market. As per the lead analyst of the TMR report, “Numerous initiatives for bringing down emission of VOCs have taken by industries and organizations. Growing awareness about coatings with low volatile organic compounds and implementation of safety regulations have resulted in the swift uptake of wooden coatings.”

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Fluctuating Raw Material Prices Pose Challenge

Posing headwinds to the market for wood coatings, on the other hand, is the volatility in raw material prices. Acrylic and polyurethane are the primary raw materials used in the manufacture of wood coatings. Since they are dependent on the prices of crude oil, their prices get affected thereby posing a challenge to the market.
A noticeable trend in the global wood coatings market is the foray of small and medium manufacturers which has served to intensify the competition. Most of them are banking upon product differentiation to establish a foothold in the market.
Presence of numerous companies makes the global wood coatings market highly competitive. Prominent companies operating in the global wood coatings market show high degree of forward integration, which provides them with a decided competitive advantage. Apart from that, manufacturers are also seen focusing on product differentiation to entice more customers. Some of the key players in the market are BASF SE, PPG Industries Inc., the Asian Paints, Nippon Paints Holdings, the Dow Chemical Company, and Sherwin-Williams Company.

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The top four companies, namely The Sherwin Williams Company, PPG Industries Inc., Akzo Novel N.V. and RPM International Inc. accounted for almost 60.0% share in the global wood coatings market in 2016. Of them, The Sherwin Williams Company led the market with a majority share of 21.3% in 2016.

Bromine Market to Witness an Outstanding Growth by 2025

As per a report by Transparency Market Research, the global bromine market will rise at a tepid pace in the upcoming years. It forecasts the market to become worth US$2.674 bn by 2025 from US$1.74 in 2016 by registering a CAGR of 5.0% during the period between 2017 and 2025.

Demand from China Catapults Asia Pacific Market to Fore

Depending upon its various applications, the global bromine market can be classified into flame retardants, drilling fluids, biocides, catalysts, and water treatment, among others. Among them, the main application of bromine is seen in flame retardants. Going forward, the segment is expected to retain its leading share in the market, albeit reducing it slightly to 32.6% by 2025 by clocking the minimum CAGR of 4.2%.

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Based on geography, the global bromine market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific has emerged as a leader both in terms of growth rate and share in revenue. In 2016, the region contributed a significant 50.0% share in the revenue in the market. The region is also predicted to grow its share vis-à-vis volume mainly on the back of massive demand from China, which accounts for over half the demand for bromine in the region. China is also a major manufacturer of bromine in Asia Pacific.

Application in Water Treatment Drives Market

Bromine primarily finds application in water treatment – be it industrial water treatment or residential and commercial water purification. Bromine also finds application in thwarting formation and growth of bacteria, algae, and odors in swimming pools. The increasing uptake of water treatment chemicals is expected to keep the prospects of the market upbeat in the foreseeable future.

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The lead analyst of the TMR report, elaborates further on the opportunities in the global bromine market: “The market for bromide-based technologies to remove mercury emission at coal-fired power plants is an area of potential growth for the industry. Bromide compounds for reducing mercury emissions costs less compared to other materials, namely fluorine-, chlorine-, or iodine-based compounds.”

Health Hazards Posed by Bromine Crimps its Demand

A factor, providing headwind to the global bromine market, is the fact that it is classified as a hazardous waste. Hence, it has to be disposed of carefully so that minimum damage to the environment and humans results. Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage. Bromine, heavier than water, also needs to be transported carefully in properly designed and operated systems to lessen the risk of potentially hazardous imbalances. All these have also served to slow down its market.

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Global giants, having massive manufacturing capacities and significant geographical outreach, dominate the bromine market, worldwide. They have been able to adapt well to the various changes in the market by dint of being deep-pocketed and having the technological resources. Some of the main strategies adopted by them to stay ahead of competition in the bromine market are product development and competitive pricing.

Some of the prominent participants operating in the global bromine market are Albemarle Corporation, Israel Chemical Ltd. (ICL), Jordan Bromine Company Limited, and Gulf Resources Inc.

Head Protection Equipment Market Progresses for Huge Profits During 2017-2026

A growing number of companies are increasingly focusing on workplace safety and health. Hence, adoption of various personal protection equipment along with a focus on workers safety training program is also increasing. Companies involved in mining, construction, oil & gas and other activities are focusing on adopting advanced head protection equipment to minimize head injuries. Moreover, stringent regulations in various countries are also enforcing the use of safety helmets across different sectors.

With advancement in technologies, most of the companies have started moving towards adopting sensors and connectivity to yield benefits, not only through the data obtained but also by providing safety and cost saving through preventing accidents. Hence, manufacturers have also started producing head protection equipment equipped with sensors and other technologies that can measure and provide data and at the same time provide protection to the individual, thereby avoiding tragic situations.

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Global Head Protection Equipment Market to Witness Moderate Growth during the Forecast Period 2017-2026

As per the latest report compiled by Transparency Market Research (TMR), the global head protection equipment market is expected to witness moderate growth, expanding at 4.7% CAGR during the forecast period 2017-2026. The market is also estimated to bring in US$ 6,841.3 million revenue by the end of 2026.

The global head protection equipment market is segmented into product type, sales channel, application, and region. On the basis of product type, the market includes class A helmet, class B helmet, and class C helmet. Among these, class B helmet is expected to witness significant growth during the forecast period 2017-2026. Based on sales channel, the segmentation includes distributors and direct (B2B) sales. Head protection equipment sales through direct (B2B) sales is expected to be highest during the forecast period 2017-2026.

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By application, the manufacturing sector is expected to witness strong growth in the global head protection equipment market. Based on the region, the market is segmented into North America, Europe, Latin America, APEJ, Japan, and MEA. Europe is expected to remain dominant in the global head protection equipment market during the forecast period 2017-2026.

Increasing Focus on Development of Helmets Equipped with Sensors to Provide Safety and Efficiency

Integrating digital functions in various personal protective equipment is on a rise and it is also giving a boost to the completely new product concept. Along with other personal protection equipment, manufacturers are building head protection equipment with sensors in it. Enhancing existing safety functions, these sensors in head protection equipment also provides connectivity to interact with another person. To enhance safety, sensors that can evaluate the situation and detect collisions are also being integrated into helmets.

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The concept of smart helmet is transforming the way work is being carried in a challenging environment. Sensor-equipped helmets are also gaining popularity in the defense sector. Sensors monitoring and recording force of the pressure and accelerations due to head movements or impacts are being integrated into the helmets. The biggest challenge various industries are facing is engineering safety. Hence, the adoption of smart helmets is rising to eliminate operational complexity, improve industrial workplace and increase productivity. Manufacturers are also adding cameras and advanced audio system to the helmets to provide better connectivity. Head protection equipment that are resistant to wide range of environmental conditions are also being focused on. Smart helmets with sensors monitoring health of the users are also helping to improve condition of workers under the complex working environment.

The report also provides a profile of key players in the global head protection equipment market such as E. I. du Pont de Nemours and Company, 3M, Honeywell International Inc., MSA, Uvex Group, Lakeland Industries, Inc., Centurion Safety EU, Pinnacle Protection Enterprises, Cintas Corporation, and Bullard.

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