Friday, 3 July 2020

Automotive LiDAR Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

The global automotive LiDAR market size is expected to reach $4.14 billion by 2026, growing at a CAGR of over 35% during the forecast period, according to report published by Polaris Market Research. The report “Automotive LiDAR Market Size By Type (Solid-State LiDAR, Mechanical LiDAR); By Application (Advanced Driver Assistance Systems – (AEB and ACC), Autonomous Vehicle); By Region & Segments Forecast, 2018 – 2026″ provides a holistic analysis of current and predicted market trends. 

Light detection and ranging (LiDAR) is a technology based on remote sensing and it is significantly popular among the automobile manufacturers. It is used by these manufacturers in automation systems of vehicles enabling safety. Moreover, the decrease in manufacturing costs of LiDAR due to surge in automation of vehicles is a major factor contributing towards market growth.

Get more insights about the Automotive LiDAR Market or Request for sample of this report- https://www.polarismarketresearch.com/industry-analysis/automotive-lidar-market/request-for-sample

Although ADAS has been available since long in the market, OEMs were reluctant to incorporate these systems due to high costs of sensors. However, adoption of LiDAR in the automotive sector is growing due to rising focus towards safety by regulatory bodies, and customers aimed at safeguarding vehicles and passengers. Due to continued focus of governments across multiple countries on enhancing vehicular safety, many regions have witnessed policies enforcing mandatory deployment of Advanced Driving Assistance Systems (ADAS) in vehicles. For instance, EuroNCAP (New Car Assessment Program) crash testing program has been modified to include assessment of ADAS types which will have an impact on the safety rating of vehicles. Eventually, the penetration and adoption of radars and cameras is expected to increase during the forecast period as OEMs increasingly adopt ADAS with the aim of qualifying for the best ratings in terms of vehicle safety.

Within automotive LiDAR there are two main applications – ADAS and Autonomous Vehicle. ADAS application accounts for the majority share in automotive Light detection and ranging market; this is majorly attributed to autonomous/self-driving vehicle not available commercially. This trend is expected to continue during the forecast period with the autonomous vehicle application segment gaining progressively as manufacturers work on that technology.


Geographically, the American regional market accounted for the largest share during 2017. While, the Asia Pacific regional market for automotive LiDAR is expected to witness highest growth during the forecast period. Increasing competition is observed among automotive OEMs for developing fully autonomous vehicles in the market. With these rapid advancements in autonomous vehicle technology, the global automotive light detection and ranging market is expected to register considerable growth by 2026. Other important factors such as development of solid-state LiDAR sensors, and significance of the LiDAR sensors in ADAS are also responsible for the market growth.

The major companies operating in the automotive LiDAR sector include established players such as Continental AG, Delphi Technologies, Denso Corporation, First Sensor AG, LeddarTech, Novariant (AgJunction), Quanergy Systems, Inc., Robert Bosch GmbH, Scans LLC, Velodyne LIDAR, Inc.

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Polyvinyl Alcohol Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

The global polyvinyl alcohol (PVA) market was valued at USD 832 million in 2017 and is anticipated to reach USD 1.39 billion by 2026.  grow at a CAGR of around 4.7% globally from 2018 to 2026 According to a new study published by Polaris Market Research
A detailed study on The report “Polyvinyl Alcohol (PVA) Market Share, Size, Trends, Industry Analysis Report By Grade (Fully Hydrolyzed, Partially Hydrolyzed, Sub-Partially Hydrolyzed); By Application (Packaging, Textiles, Paper, Construction, Polymerization aids and Others ); By Regions, Segments & Forecast, 2018 – 2026” this report undertakes an accurate competitive analysis illustrating the status of market majors in the projection timeline, while including their expansion strategies and portfolio.
Polyvinyl alcohol is a biodegradable polymer with distinct properties depending upon the degree of polymerization and hydrolysis.  This polymer holds a significant market on account of its large number of end-use applications such as pigment binder in paper, sizing agents in textiles, adhesives, polymerization aids, and others. One another crucial application for the product includes its conversion to polyvinyl butyral, which is used in further in architectural and automotive applications.
Biodegradability is the most significant parameter that has driven the demand for polyvinyl alcohol (PVA) globally. Due to this factor, the product is most preferred for biodegradable packaging and green construction products. Rising awareness and increased consumer preference for healthy food packaging has substantially led the polyvinyl alcohol (PVA) market across many parts of the world. PVA can biologically degrade in microbial environment and has high resistance to moisture, thus impacting the demand for improved eco-friendly PVA.
The supportive regulatory policies and principles for proper waste disposal with no harmful environmental impact has backed up the growth for the polyvinyl alcohol (PVA) market. Regulatory bodies such as European Chemical Agency (ECHA) and National Institute of Occupational Safety and Health (NIOSH) have evidently defined the concentration levels of PVA in the environment for non-toxicity.
Browse Complete Summary of this report with Table of Content @https://www.polarismarketresearch.com/industry-analysis/polyvinyl-alcohol-market
Polymerization aids and textile industry are two are most important end-uses for the polyvinyl alcohol followed by green construction materials. Also, the manufacturing technology has been enhanced from the standpoint of quality, scale of production, environment, and safety. PVA is produced from vinyl acetate monomer, which has over-supplied market with diversification in production of different vinyl-based polymers, differing with regions of the world.
Asia Pacific is the largest polyvinyl alcohol (PVA) market with China as the largest producing country globally. The country is expected to witness decent growth in for PVA in the next five years due to steadily growing fiber market, however, the growth will be slower as compared to the last five years. United States is another mature polyvinyl alcohol (PVA) market on account of large production polyvinyl butyral (PVB) resin, which is manufactured from PVA.
Western Europe also comprises of significant market for PVA mainly due to higher demand for PVB resin. Some of the new applications for PVA in this region include biodegradable thermoplastic polymers and ceramic binders, where the traditional applications are anticipated to recover and increase.
The global polyvinyl alcohol (PVA) market comprises of large number of companies. Some of the key market players include Eastman Chemical Company, Nippon Synthetic Chemical Industry Co., Sinopec Sichuan Vinolyn, Dow Dupont, Kuraray Co. Ltd, Sigma-Aldrich, and Anhui Wanwei Group Co., Ltd.
Key Segments:
PVA Market Size and Forecast by Grade Type, 2018-2026
  • Key Findings
  • Fully Hydrolyzed
  • Partially Hydrolyzed
  • Sub-Partially Hydrolyzed
PVA Market Size and Forecast by Application Type, 2018-2026
  • Key Findings
  • Packaging
  • Textiles
  • Paper
  • Polymerization Aids
  • Others
PVA Market Size and Forecast by Regions
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/polyvinyl-alcohol-market/speak-to-analyst
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Polyacrylate Market Size, Growth Analysis, Opportunities, Business Outlook And Forecast To 2026

The global polyacrylate market was valued at USD 1.32 billion and is anticipated to reach USD 2.14 billion by 2026. Grow at a CAGR of 5.7% from 2018 to 2026. according to a new study published by Polaris Market Research.
A detailed study on The report “Polyacrylate Market Share, Size, Trends, Industry Analysis Report By Product Type (Poly-Methyl Acrylate, Poly-Ethyl Acrylate, Poly-Butyl Acrylate and Others); By Application (Paints & Coatings, Adhesives & Sealants, Textiles, Paper & Paperboard, and Others); By Regions, Segments & Forecast, 2018 – 2026” this report undertakes an accurate competitive analysis illustrating the status of market majors in the projection timeline, while including their expansion strategies and portfolio.
Polyacrylate is among one of the most largely used polymer for numerous end-use products. The global polyacrylate market is primarily driven by the tremendous growth of paints & coatings, adhesives, and textile markets. This polymer is used in versatile applications on account of its excellent characteristics.
In the fast-growing paints & coatings industry, polyacrylates are used in powder coatings applied to appliances & automotive parts, in solvent-borne coatings applied to substrates in corrosive environment & construction structures, and in water-based coatings for applications in the architectures & protective segment coatings.
Rising global population in tandem with the increase in disposable incomes has led to growth of many end-use industries that include high growth prospects of the Polyacrylate Market. Increase in construction activities in many nations, especially the developing countries and revamping of the older structures coupled with consumer demand for feature-rich coatings has mainly driven the demand of polyacrylates in this end-use industry.
Many types of polyacrylates are used in different end-use products. Sodium polyacrylate are largely used in baby diapers, personal care, and textile industry. Though these polymers do not have much technical advancement, however are widely used on account of their availability, low-cost, and substantially effective characteristics. Polyacrylates have very insignificant environmental impact with a crucial disadvantage from the substitute’s products.
Browse Complete Summary of this report with Table of Content @https://www.polarismarketresearch.com/industry-analysis/polyacrylate-market
Asia Pacific is the dominant regional player for the Polyacrylate Market. China, India, and Japan are the significant countries for its growth with high consumption. Other developing countries such as Indonesia, Thailand, and Vietnam have also witnessed growth in their end-use industries such as paints & coatings with the rising construction activities, this has supported the high growth of polyacrylates.
The major restraint that the polyacrylate market has witnessed is threat of substitutes. This polymer has many other resin alternatives that instead can be used for the formulation of paint & coatings and dispersants. Moreover, latest technical developments and advancements in the material science of the substitutes is also expected to become a wider restraint for the market. Few of such resins include epoxy, alkyd resins, and polyurethane. These polymeric resins have witnessed higher growth on account of their superior properties.
The global polyacrylate market comprises of large number of multinationals and local market players. Polyacrylates industry is highly competitive and moderately consolidates due to large number of established chemical market players. Some of the major market players for polyacrylates include BASF SE, Arkema, Evonik Industries AG, Lucite International, LG Chem Ltd., DowDupont, Kao Corporation, Sanyo Chemical, and RSD Polymers Pvt Ltd.
Key Segments:
Polyacrylate Market Size and Forecast by Product Type
  • Key Findings
  • Poly-Methyl Acrylate
  • Poly-Ethyl Acrylate
  • Poly-Butyl Acrylate
  • Others
Polyacrylate Market Size and Forecast by End-Use Type
  • Key Findings
  • Paints & Coatings
  • Adhesives & Sealants
  • Textiles
  • Paper & Paperboard
  • Others
Polyacrylate Market Size and Forecast by Regions
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @https://www.polarismarketresearch.com/industry-analysis/polyacrylate-market/speak-to-analyst
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Printing Inks Market Size, Growth Analysis, Opportunities, Business Outlook And Forecast To 2026

The global Printing Inks Market is anticipated to reach USD 27.8 billion by 2026 according to a new study published by Polaris Market Research.

The printing inks market is considered as an impulsive sector due to frequently altering consumer demands. Industry participants countenance several disruptive forces and operational challenges from time to time; however, product demand has been increasing yearly despite of such instances and the overall feedback of the companies towards the market is optimistic. Nonetheless, printing inks in the present industry scenario has to confront significant challenges to take full advantage of the new-fangled opportunities rising through the integration of print and digital ink media. More commercialization of printing inks stands at the cross roads of a major structural and transitional change.


But for the conventional ink manufacturers eager to expand their market penetration there has never been a better time to be in printed communications. Most of the traditional printing ink providers have extended their product catalogs to meet the digital and more enhanced product formulations. The current industry participants can be categorized into three distinct categories including the first or leading twenty percent that are has been successful in achieving profitable growth and are constantly diversifying their product portfolio satisfying the customer needs to boost the global printing inks markets.
  
Next is the middle sixty percent of the companies that are experiencing a stagnant growth with profit margins becoming constantly squeezed and the bottom twenty percent that have been witnessing significant declines in sales margins. The market/end-use demand clearly indicates that for the middle sixty percent category companies have siganificant opportunities for development of new products and penetrate into novel markets. The global printing ink maket economic picture has slightly improved for most of the manufacturers with bad debts, access to bank lending and credits, all showing small improvements however the debtor time span and lending cost still continue to have a negative impact on most of the industry participants.

Increasing automation has led to greater efficiencies of product or printing ink formulations. Increasing utilization of printing inks globally in almost every application of these products has been the major driving force the printing ink market. Digital inks are expected to be the fastest growing product over the forecast period, fueled by the advancements in digital technology such as print speed and quality that has opened up new applications segments for digital inks.


Asia Pacific was the largest regional market in 2017 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.

Some of the leading industry participants in the printing ink market include DSM, Diana Group SA, Wild Flavors GmbH, DuPont, Archer Daniels Midland, Ashland Inc., Agropur Cooperative, Kerry Group, Associated British Foods Plc, Ingredion, KF Specialty Ingredients, Eli Fried Inc., Frutarom and Naturex.
  • Printing Ink Market Size and Forecast by Process Type, 2018-2026
    • Flexographic
    • Gravure
    • Lithographic
    • Digital
    • Others
  • Printing Ink Market Size and Forecast by Resin Type, 2018-2026
    • Hydrocarbon
    • Acrylics
    • Modified Rosin
    • Polyamide
    • Modified Cellulose
    • Polyurethane
    • Others
  • Printing Ink Market Size and Forecast by Application Type, 2018-2026
    • Flexible Packaging
    • Corrugated Cardboards
    • Tags & Labels
    • Folding Cartons
    • Others
  • Printing Ink Market Size and Forecast by Regions
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Biodegradable Packaging Market In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026

The global biodegradable packaging market is expected to reach USD 21.60 billion by 2026 according to a new study published by Polaris Market Research.

The global biodegradable packaging market has been divided based on product type, end-use industry and region. Considering the product type, the market is bifurcated into plastics and paper where the plastics held the largest market share followed by paper which is expected to grow at the fastest rate. Plastics are further segmented into cellulose, starch, PHA, and PLA among others whereas the paper is segmented into Kraft, flexible, corrugated, and box board. Among the various segments of the plastics, it is the starch and PLA that is expected to hold the largest market share. It is because of properties such as high strength and recyclability held by the starch polymers that have led to the starch and PLA holding a larger share of the overall market in the forecast period of 2018-2026.


Considering the end-use industry segment, the market for biodegradable packaging is divided into food & beverages, healthcare, and personal care/homecare among others. Among these industry segments, it is the food & beverages industry that held a higher market share in the biodegradable packaging market. The growing government regulations in terms of food packaging that is non-biodegradable and hampers the environment has resulted in higher usage of degradable or biodegradable packaging for food & beverages industry.

A few major driving factors for the biodegradable packaging market are the increasing demand for healthier, safer, and convenient food, along with growing consumer awareness towards eco-friendly products. Moreover, the improving environmental awareness among people and stricter governmental regulations have led to the usage of eco-friendly materials resulting in an increase in the demand for biodegradable packaging. Among the regions, Europe is expected to hold the largest market share in the global biodegradable packaging market over the forecast period of 2018-2026, followed by North America and Asia Pacific.


A few key business strategies adopted by companies operating in the biodegradable packaging market are new technology and product development, geographical expansion, and mergers & acquisitions among others. For example, Amcor announced about its plan to become the first global packaging company to develop all its packaging as recyclable or reusable by 2025. Amcor has also teamed up with Plantic Technologies for developing a flexible and biodegradable plastic packaging for confectionery.

The leading players operating in the biodegradable packaging market globally are Kruger Inc., Clearwater Paper Corporation, International Corp., Mondi Group, Amcor, Rocktenn, Novamont S.P.A., Smurfit Kappa Group, Reynolds Group Holding Limited, Stora Enso, and BASF SE among others…


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Polaris Market Research.
Ph no : +1-646-568-9980 
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Polymer Gel Market Analysis by Recent Trends, Development & Growth by Regions to 2026

The new report “Polymer Gel Market was valued at USD 5,244 million in 2017 and is Size Worth USD 8,836 Million By 2026; and is anticipated to grow at a CAGR of 6.1% during the forecast period. according to a new market research report by Polaris market research.
The Global Polymer Gel Market In 2017, the personal care segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global polymer gel market [By Material Type (Natural, Synthetic, Hybrid); By Composition (Polyacrylamide, Polyacrylate, Silicone modified hydrogels (Si-H), Others); By Application (Personal Care, Agriculture, Construction, Healthcare, Others); By Region]: Market Size & Forecast, 2017 – 2026” 
The use of polymer gel in wide applications such as personal care, healthcare, agriculture, pharmaceutical, and construction among others majorly drives the growth of this market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions boost the growth of the. The consumers are increasingly using products such as contact lenses, cosmetics, and personal care products, thereby augmenting the growth of polymer gel market. Technological advancements and increasing applications in pharmaceuticals and healthcare sectors would provide growth opportunities in the future. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for polymer gel market in the coming years.
Asia-pacific is expected to lead the global polymer gel market during the forecast period. A significant rise in the infant and geriatric population has been registered over the past few years, boosting the growth of polymer gel market. Increasing awareness personal care and hygiene, and rising disposable incomes in developing countries of this region augment the market growth in the region. Increasing application of polymer gel in healthcare and pharmaceutical also supports growth in this region. Use of polymer gel in agriculture, construction, and waste treatment further increases the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being used in manufacturing robotic actuators and artificial muscles. The increasing need of automation in manufacturing and other industries in the region drive the growth of robotics, thereby strengthening the market of polymer gel. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.
The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Polymer gel is used in diapers and female hygiene products owing to their high absorbing properties. Polymer gel is also used in cosmetics and contact lenses. Increasing   disposable income and rising awareness regarding personal hygiene boosts the growth of the market.
The well-known companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Key Segments:
Polymer Gel Market Size and Forecast, 2017-2026 by Material Type
  • Key Findings
  • Natural
  • Synthetic
  • Hybrid
Polymer Gel Market Size and Forecast, 2017-2026 by Composition
  • Key Findings
  • Polyacrylamide
  • Polyacrylate
  • Silicone modified hydrogels (Si-H)
  • Others
Polymer Gel Market Size and Forecast, 2017-2026 by Application
  • Key Findings
  • Personal Care
  • Agriculture
  • Construction
  • Healthcare
  • Others
Polymer Gel Market Size and Forecast, 2017-2026 by Region
  • North America [U.S., Canada]
  • Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
  • Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
  • Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.polarismarketresearch.com/industry-analysis/polymer-gel-market/speak-to-analyst
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Coiled Tubings Market Size, Growth Analysis, Opportunities, Business Outlook And Forecast To 2026

The Coiled Tubing market is anticipated to reach over USD 5,694 million by 2026 according to a new research published by Polaris Market Research. In 2017, the onshore location segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

A significant growth in demand for energy, increasing industrialization, and rising demand for horizontal drilling are major factors driving the growth of the Coiled Tubing Market. The demand for coiled tubing is increasing owing to supportive government initiatives, and favorable regulatory framework. Other driving factors include growing demand for natural gas as a fuel and growth in exploration and production activities. Increasing demand from developing nations, development of unconventional oil blocks, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.


North America Coiled Tubing Market generated the highest revenue in 2018, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in drilling and exploration industries, and growing energy demand are factors expected to drive the market growth. The increasing trend of horizontal drilling, increasing demand for oil and gas in production of power and transportation applications, growing urbanization, and increasing industrialization in countries of North America are further expected to support the Coiled Tubing Market growth.  Rising shale gas explorations, increasing operating cost for extracting oil from existing wells, rising demand for natural gas as fuel in the region, and supportive regulatory framework are factors expected to further provide growth opportunities during the forecast period.

Well-known companies profiled in the Coiled Tubing Market report include Halliburton Co., Weatherford International Ltd., Baker Hughes, Trican Well Service Ltd, Cudd Energy Services, Schlumberger Ltd., Calfrac Well Services Ltd., C&J Energy Services, Inc., Nabors Industries Ltd., and Archer Limited. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Commercial Kitchen Appliances Market Trends, Drivers, Strategies, Segmentation Application With Top Key Players

According to a new study published by Polaris Market Research the worldwide commercial kitchen appliances market is anticipated to reach USD 138.5 billion by 2026. In 2017, the refrigerator segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The significant increase in food establishments, and the growing tourism industry are the major factors driving the growth of this market. The changing lifestyles and hectic schedules of the working professionals are leading to higher instances of dining at restaurants and other food establishments.  Rising disposable income is one of the factors responsible for the growth of the market.

Restaurants are increasingly adopting technologically advanced kitchen appliances to simplify kitchen activities and offer enhanced services to consumers. Restaurant businesses prefer compact and space efficient appliances, which encourages market players to launch new products in the global market. Increasing spending on the hospitality sector, and tourism activities encourage restaurant owners to improve their infrastructure and offer enhanced services. The market is also driven by increasing need to use kitchen appliances that consume less energy and provide faster kitchen services. Growing concerns regarding environment and increasing adoption of energy efficient kitchen appliances are expected to offer numerous growth opportunities in the future. However, high costs associated with commercial kitchen appliances, high installation prices, and strict regulations on production of commercial cooking appliances restrict the growth of the market.


Increasing disposable income coupled with rise in number of working class population has changed the lifestyle pattern of consumers. The commercial kitchen appliances market has witnessed considerable growth in the recent years due to improved lifestyle, changing consumption patterns of people and rising number of social events. The disposable income of people in the developing countries has increased owing to the improving economic conditions in these regions. High disposable income increases the spending capacity of consumers encouraging them to dine at restaurants and attend social events.  These factors support the growth of the global commercial kitchen appliances market.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high living standards along with high disposable income in the region drive the market growth. Other factors supporting market growth in North America include different eating habits, increasing popularity of different cuisines, and a multi-cultural environment. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increasing population and improving living standards.

The different types of commercial kitchen appliances include cooking appliances, refrigerators, dishwashers, and others. In 2017, refrigerators accounted for the highest market share owing to increasing need to conserve edible items at a range of different temperatures. Restaurants are increasingly adopting technologically advanced refrigerators to meet high storage demands and to offer fresh & high quality food. Food establishments are also inclined towards using energy efficient refrigerators owing to growing environmental concerns.


The well-known companies profiled in the report include Meiko International, AB Electrolux, Hobart Corporation, Fujimak Corporation, Duke Manufacturing Co. Inc., Ali Group Company, Hoshizaki Corporation, Fagor Industrial, Rational AG, Carrier Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Thursday, 2 July 2020

Phenolic Resin Market Global Demand, Industry Growth,In-depth Analysis and Opportunities till 2026

The global phenolic resins market size was valued at USD 12.98 billion in 2018  and is expected to reach USD 19.37 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research. The report “Phenolic Resins Market Share, Size, Industry Report By Product Type (Resol, Novolac), By Application (Molding Compounds, Wood Adhesives, Insulation, Laminates, Foundry, Paper Impregnation), By End-use (Building & Construction, Automotive, Electrical & Electronics, Furniture), By Regions, Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.

Phenolic resins also known as formaldehyde resins are synthetic thermoplastic polymers derived from phenols. These resins are the source to an array of applications including wood adhesives, coatings, molding compounds, insulation, lamination, paper impregnation, foundry, abrasives, frictional materials and many others.


The global market is concentrated in high growth applications such as wood adhesives and insulation materials. They are used in wood adhesives due to their extremely favorable characteristics. These characteristics are leveraged by the construction industry which determines to a large extent the consumption of wood products and adhesives.

The construction market has grown multi-fold in almost all countries of different global regions and will remain the same over forecast period. China is the biggest contributor to market and has the largest construction market in the world. Though China witnessed a large downturn in housing output in 2018, its make over to a services and consumer driven economy resulted in many growth opportunities in new and innovative types of construction.
A unilateral demand for modern and sophisticated consumer electronics products along with rapidly multiplying urban civilization has paved the way for increasing use of the product in the electronics industry. Increasing disposable incomes have increased consumer spending in mammoth construction projects and on lavish electronic products and expensive gadgets. These consumer trends are qualified to drive market. The industry is tied down to regulatory frameworks and as phenol; the raw material for phenolic resin is a petrochemical derivative. There is an adverse environmental impact and this could hamper growth for phenolic resin market.

Asia Pacific is the largest regional market. Demand in molding compounds segment is expected to grow rapidly as the use in mechanical and electronic components with different end-users is likely to impact high growth. The developing countries of South and Central America along with East European countries are likely to digest largest growth in wood adhesives.


Global industry is moderately competitive with large number of multinationals spread across the value chain. According to Polaris Market Research, the key players in market include BASF SE, Momentive Specialty Chemicals, Hitachi Chemical Co., Ltd., SI Group, Mitsui Chemicals, Inc., DIC Corporation and Sumitomo Bakelite Co, Ltd.

Polaris Market Research has segmented the global phenolic resins market report on the basis of product type, application, end-use and region:
  • Product Outlook (Revenue USD Billions 2015 – 2026)
    • Resol
    • Novolac
    • Others
  • Application Outlook (Revenue USD Billions 2015 – 2026)
    • Molding Compounds
    • Wood Adhesives
    • Insulation
    • Laminates
    • Foundry
    • Paper Impregnation
    • Others
  • End-use Outlook (Revenue USD Billions 2015 – 2026)
    • Building and Construction
    • Automotive
    • Electrical and Electronics
    • Furniture
    • Others
  • Regional Outlook (Revenue USD Billions 2015 – 2026)
    • North America
      1. US
      2. Canada
    • Europe
      1. UK
      2. Germany
      3. France
    • Asia pacific
      1. India
      2. China
      3. Japan
    • Latin America
      1. Mexico
      2. Brazil
    • MEA
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