Friday, 31 July 2020

Lecithin Market Global Demand, Industry Growth,In-Depth Analysis And Opportunities Till 2026

The Lecithin Market is anticipated to reach over USD 1,605 million by 2026 according to a new research published by Polaris Market Research. In 2017, the soy segment dominated the global market, in terms of revenue. Europe was the leading contributor to the global market revenue in 2017.

A significant increase in awareness regarding healthy diet, changing lifestyles, and health benefits offered by Lecithin drive the growth of the Lecithin Market.  Other driving factors include growing inclination towards use of naturally sourced products, and increasing use of Lecithin in medicinal and pharmaceutical applications. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific further fuels the growth of the Lecithin market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of Lecithin in the coming years. Increasing demand from developing nations, and growing use in the nutraceuticals industry is expected provide numerous growth opportunities to the market players during the forecast period.


Europe generated the highest revenue in the Lecithin Market in 2017. The increasing health awareness in the region coupled with high disposable income drives the market growth. The increasing demand of Lecithin in the region is owing to high consumer awareness regarding the benefits of Lecithin, and growing industrial applications. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising demand of Lecithin for animal feed, and pharmaceutical.

The well-known companies profiled in the Lecithin Market report include Stern-Wywiol Gruppe Pvt. Ltd., Lipoid GmbH, E. I. duPont de Nemours Company, Cargill, Inc., Archer Daniels Midland, Wilmar International, American Lecithin Company, Northland Organic Food Corporation, VAV Life Sciences Pvt. Ltd., and Soya International. 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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Medical Plastics Market(2020-2026): Present Scenario, User Demand, Growth Analysis, Benefits and Regional Overview

The global medical plastics market is anticipated to reach over USD 37.5 billion by 2026 growing at a CAGR of 6.1% according to a new study published by Polaris Market Research. The report “Medical Plastics Market Share, Size, Trends & Industry Analysis Report by Type (Standard Plastics, Engineering Plastics, Others); By Application (Medical Device Packaging, Medical Components, BioPharma Devices, Mobility Aids, Sterilization and Infection Prevention, Others); By Region: Segment Forecast, 2018 – 2026” provides a comprehensive analysis of present market insights and future market trends.

In 2017, the medical components segment dominated the global industry. North America will be the key revenue contributor during the forecast period. Plastics are now no more just an existing component but have grown in stature in advanced devices and is anticipated to support the growth of medical plastics market.

The factors boosting growth stems from the geriatric population and their demand for services, rising home healthcare services and self remedies that boosts the market. Other driving factors include Government impetus for promotion of quality healthcare services, rising demand for minimally invasive procedures and technological advancements. However strict Government rules and absence of standardized healthcare regulations globally are expected to hinder growth of market. An ever-lasting demand from developing nations and technological innovation coupled with a persistent use of plastics in place of metals are expected to provide overwhelming growth opportunities to players during forecast period.

Volatility in prices of polyvinyl chloride, polyethylene, polypropylene and polystyrene has affected the market. The increasing aged people in the United States. added to the growing lifestyle diseases in the country drives growth of medical plastics in the region. The industry is pronounced by large number of companies involved in production of advanced grade plastics for use adding to growth in the market.


The industry is characterized by multiple technological gains that pertain to manufacture of advanced plastics in the market. Keys strategies include players invest time and efforts in R &D and develop advanced products. High degree of cost competitiveness will boost growth of medical Plastics. High production volumes coupled with ease of availability of medical plastics are expected to bring about increase in buyer strength. 

The use of thermoforming polypropylene leads to high strength packaging thereby offering very high impact resistance to the packaged products. Furthermore, packaging made of polypropylene is found to be highly durable and sterile leading to big growth in demand. PETG is a specialized plastic that owns properties such as superior moisture and oxygen barrier coupled with high transparency leading to efficient packaging proponent of device components.

The Governing agencies in U.S. keep belief in recycling plastics with federal agencies investing a solid amount towards healthcare, enough to boost industry. An increasing requirement for dental and body contouring implants in Europe is anticipated to have a positive impact on medical plastic industry growth in forecast period. High disposable income and an expanding cosmetic dentistry is expected to add growth to medical plastics in the region. Factors such as product quality and cost competitiveness are impacting buyer decision.


China is projected to post substantial growth over forecast period. This is due to high healthcare cost and growing incidence of diseases. Increasing aged population in China is also a contributor to industry growth.

The key players in Medical Plastics includes E.I DuPont de Nemours and Company, HMC Polymers, Specialty Silicone Fabricators, Inc., Trinseo S.A., GW Plastics, Inc., Eastman Chemical Company, The Dow Chemical Company, Orthoplastics Ltd and Saint Gobain Performance Plastics among others.

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Phenolic Resin Market (2020-2026): Present Scenario, User Demand, Growth Analysis, Benefits and Regional Overview

New York, 30, jul 2020 : 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
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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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