Polypropylene Market Analysis, Key Player, Business Opportunities, Current Trends and Forecast by 2030

 

According to ChemAnalyst report, “Global Polypropylene (PP) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, Polypropylene market has witnessed significant growth over the past years and reached 70 million tonnes in 2021 and is anticipated to achieve a healthy global CAGR of 5.48% in the forecast period until 2030. 

Rapidly increasing demand for high-quality plastic by various end-user industries including Packaging, Automotive, Infrastructure and Construction, Consumer goods, and Others is likely to boost the Polypropylene market across the globe in upcoming years. Rising demand from the flourishing packaging industry as a result of the ascending consumption of packed food and beverages will further propel the global polypropylene market in the future. The production of Polypropylene is highly associated with the safety concerns on environment and human health before it can be manufactured and introduced in the market around.

Polypropylene (PP), also known as Polypropene, is a thermoplastic polymer which is produced from the polymerization of propylene monomers in the presence of Ziegler-Natta or metallocene catalyst. Polypropylene is tough, rigid, non-polar and crystalline in nature. Polypropylene is the second-most widely produced plastic after Polyethylene. Polypropylene can be easily copolymerized with other polymers including polyethylene, which significantly changes the material properties, allowing for more robust applications and making it a versatile material for various end-use industries.

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Polypropylene is a versatile polymer that possesses excellent properties such as high stress resistance, high chemical resistance, high insulation, high elasticity and toughness, and high transmittivity. It is an important commodity plastic used in numerous household and industrial applications like the packaging for consumer products, plastic parts for various industries including the automotive, consumer goods, textiles, medical, and others. There are two different kinds of Polypropylene- Polypropylene Homopolymers (PPH) and Polypropylene Copolymers (PPC). These polymers are widely utilized in packaging, healthcare, textiles, automotive, electrical, and other applications. Polypropylene is extensively used in the manufacturing of plastic moldings, roofing membranes, electrical insulators, ropes, carpets, rugs, ropes, etc. one of the most common applications for PP is as biaxially oriented polypropylene (BOPP), which are used in the making of variety of materials including clear bags, etc.

Global Polypropylene Market is segmented on the basis of end-use, sales channel and region On the basis of end-use industry, the Polypropylene market is segmented into Packaging, Automotive, Infrastructure and Construction, Consumer goods, and Others. The packaging industry dominates the global Polypropylene market as PP is the most widely used plastic, which mostly finds its application in food packaging. The automotive industry's growing demand of Polypropylene is anticipated to accelerate the global Polypropylene market in upcoming years. As polypropylene is a low-cost material with versatile mechanical properties, a large number of plastic is used in the automotive sector for instrumental panels, bumpers, door trims; exponentially increasing demand for electric and hybrid electric vehicles (EV/HEV) is further propelling the demand of PP. Thus, the demand of PP by the automotive industry and is likely to drive the market growth in the future. Surging demand of Polypropylene from building & construction and electricals & electronics industries for insulation purposes is forecasted to boost the global Polypropylene market he next few years. Rising demand of Polypropylene from these end-use industries is driving the market growth of polypropylene across the globe.

Among different regions, the Asia Pacific region dominated the global Polypropylene market in the 2021 and is projected to maintain its dominance over the projected period. Rapidly increasing demand for Polypropylene from the packaging and automotive industry, especially in emerging economies like China, Japan, and India is expected to drive the Polypropylene market in the Asia Pacific region. Growing demand of Polypropylene for Building and construction activities in the Asia Pacific region will further accelerate the Polypropylene market worldwide in the future. Surging demand of Polypropylene by the food and beverage industry in countries like U.S., Canada, and Mexico, will augment the Polypropylene market in North America.

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“Global Polypropylene (PP) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, some of the major players operating in Polypropylene market include Braskem, Reliance Industries Limited, ExxonMobil Chemical, LyondellBasell, Borouge, Shenhua Ningxia Coal Industry, Total Petrochemicals, Prime Polymer Co., Ltd., Indian Oil Corporation Limited, SABIC Europe, Zhejiang Petrochemical, Sinopec KPC PC JV, INEOS, Japan Polypropylene Corporation, Saudi Polyolefins, and Petrochina Dushanzi Petrochemical.

“Rapidly growing demand of Polypropylene from the flourishing packaging and automotive industry, in emerging economies like China, Japan, India, and others is likely to boost the global Polypropylene market in the Asia Pacific region. The properties of Polypropylene like water-resistance and high flexibility drives its application in the Packaging industry, which is the major driver of the Polypropylene market and anticipated to further expand in the forecast period till 2030. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

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Vinyl Acetate Monomer Market Analysis, Key Player, Business Opportunities, Current Trends and Forecast by 2032

According to ChemAnalyst report, “Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, global Vinyl Acetate Monomer (VAM) market has shown impressive growth and is anticipated to reach about 10 million tonnes by 2032 at a steady CAGR of 4.41% during the forecast period.

Vinyl Acetate Monomer (VAM) is widely utilized as a monomer in the manufacture of other chemicals that are used in a wide variety of industrial and downstream products. VAM is a clear, colourless liquid with a characteristic sweet odor. The addition of Acetic Acid to Acetylene is the oldest and most widely acceptable industrial procedure for VAM production. The most extensively used method for producing Vinyl Acetate is the catalytic oxidation of Acetic Acid to Ethylene. VAM is a crucial monomer for producing a variety of resins and polymers for paints and coatings, adhesives & sealants, elastomers, textile finishes, paper coatings, binders, films, and a wide range of other industrial products. VAM is prominently used for manufacturing ethylene vinyl alcohol (EVOH), a barrier resin used in food packaging, plastic bottles, petrol tanks and industrial plastics. EVOH is used in food packaging to help keep food fresh by preventing the passage of gas, vapour, or liquid. Polyvinyl acetate (PVAc) and polyvinyl alcohol (PVOH or PVA) are primarily made using vinyl acetate monomer.  Paints, adhesives, paper coatings, and textile procedures all use polyvinyl acetate, whereas polyvinyl alcohol is used to make adhesives, coatings, water-soluble packaging, and textile warp sizing. Polyvinyl butyral (PVB), is also made using VAM, which is used in laminated safety glass for cars and buildings. Ethylene-vinyl acetate (EVA) resin, which is produced from VAM, is employed for the production of packaging film, heavy-duty bags, extrusion coating, wire and cable jacketing, hot-melt adhesives, and cross-linked foam.

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VAM is a vital component of the emulsion polymers, resins, and intermediates that are used in paints, textiles, wire and cable polyethylene (PE) compounds, laminated safety glass, and packaging materials. EVOH and EVA resins are used in food packaging to help keep food fresh by preventing the penetration of gas, vapour, or liquid. Increasing demand for resins, adhesives, and construction materials coupled with fast-paced industrialization is projected to drive the demand for Vinyl Acetate Monomer during the forecast period.

The global Vinyl Acetate Monomer (VAM) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the Vinyl Acetate Monomer (VAM) market is bifurcated into Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, and Others. Although, Adhesives & Sealants industry is leading industry and accounted approximately 28% of the market share of net Vinyl Acetate Monomer (VAM) demand in 2022. This industry is expected to maintain its dominance over the global Vinyl Acetate Monomer (VAM) market in the forthcoming years.

Due to rising demand for construction and packaging, the Asia-Pacific region accounts for the highest market share of Vinyl Acetate Monomer. Due to increasing demand of VAM from emerging economies of countries situated in this region, the manufacturers are ramping up their manufacturing units and pushing the growth of Vinyl Acetate Monomer market through 2032. Although, the USA is the leading producer of Vinyl Acetate Monomer with major players like Dow Chemical and Celanese located in this region.

“Global Vinyl Acetate Monomer (VAM) Market Analysis: Industry Market Size, Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Global VAM market include Dairen Chemical Corp., Celanese, Sinopec Sichaun Vinylon Works, Sinopec Greatwall Energy, INEOS Group, LyondellBasell Industries, Millenium Petorchemicals, Dow Chemicals, DuPont, Sipchem IVC, Wacker-Chemei, Showa Denko, and Others.

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“The surging demand for Vinyl Acetate Monomer (VAM) to manufacture various industrially significant chemicals likeethylene vinyl alcohol (EVOH), polyvinyl acetate (PVA), Ethylene-vinyl acetate (EVA) resin, and polyvinyl alcohol (PVOH) which are further used from several end-use industries including Packaging, Construction, Textile, Adhesives & Sealants, Paints & Coatings, is projected to boost the market in the forecast period. Rapid industrialization and urbanization will most likely continue to drive the market for resins and adhesives, thus escalating the VAM market growth in the forecast period by 2032.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

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Diethylene Glycol Market to 2035 | Global Industry Size, Growth, Analysis, Trends & Forecast

According to ChemAnalyst report, “Diethylene Glycol (DEG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Diethylene Glycol (DEG) market witnessed significant growth as its demand reached 3.25 million tonnes in 2020 and is anticipated to grow at a healthy CAGR of 5.12% in the span of the next ten years. Consistently increasing demand for Diethylene Glycol from various end-use industries, including paint and coatings, automotive, textiles, cosmetic and personal care, building and construction, agrochemical, and others, is likely to boost the DEG market in the forecast period. The rising demand from the flourishing plastic industry is expected to drive the market in the upcoming years.

Diethylene glycol is a stable, colorless, odorless, poisonous, and hygroscopic liquid with the molecular formula C4H10O3.  DEG is completely miscible in water and consists of four carbon dimers of ethylene glycol. It is synthesized by the partial hydrolysis of Ethylene Oxide and as a co-product of ethylene glycol (MEG) and triethylene glycol. DEG is extensively used as a solvent that makes it useful in cleaners, cement processing, heat transfer fluids, and adhesives. Diethylene Glycol is commercially used in the manufacturing of antifreeze, brake fluid, cigarettes, some dyes, and medicines. It also finds its applications in the production of saturated and unsaturated polyester resins, polyurethanes, humectants, and plasticizers.

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Diethylene Glycol (DEG) Market is segmented based on end-use, applications, distribution channel, and region. Based on various applications, the DEG market is divided into plasticizers, solvents, polyester resins, chemical intermediates, lubricants, dehydrants, cosmetic and personal care products, freezing product depressants, and others. The plasticizers segment accounts for the largest share in the DEG market around the world as it is widely used as a key raw material for various products like paper, cork, synthetic sponges, flexible PVC, etc. Rising consumption for flexible and lightweight PVC due to its massive utilization in medical devices, automotive parts, adhesive films, extruded wires, and others have bolstered the demand for Diethylene Glycol across the globe. The rising demand for DEG in the making of personal care products like skin creams, lotions, deodorants, etc., is expected to drive the market in the near future.

On the basis of end-use, the Diethylene Glycol market is segmented into plastic, paint and coatings, automotive, textiles, agrochemical, cosmetic and personal care, building and construction, and others. The plastic industry dominates the Diethylene Glycol market owing to the continuously increasing demand for plasticizers and polyurethanes across the globe. Rapidly increasing demand for DEG from the downstream automotive and paint and coatings industries is likely to drive the market in the upcoming years. Rising building and construction activities in nations like China and India will further boost the demand for DEG by the cement manufacturers, further augmenting its market in the forecast period.

In 2020, due to the outbreak of COVID-19, The Diethylene Glycol market was severely affected around the globe. In terms of demand, the market showcased a downtrend due to the imposition of nationwide lockdowns and strict social distancing norms by leading authorities in several countries. Major end-use industries, including textiles, paint and coatings, automotive, and others, witnessed a downward trajectory due to the disruption in the supply chain of raw materials. The less availability of manpower has directly affected the production activities of these industries, thereby resulting in a decline in the demand for feedstock such as DEG.

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Among different regions, the Asia Pacific region holds the largest share in the DEG market in 2020 and is likely to maintain its dominance until the next ten years. In emerging economies, growing industrialization along with Government spending on infrastructure development is expected to boost the demand for DEG, further propelling its market in the Asia Pacific region in the upcoming years. Rapidly increasing demand for polyester resins, polyurethanes, plasticizers, etc., from various downstream industries, including automotive, plastic, and others, will bolster the DEG market across the region. Infrastructure projects in the Asia Pacific region like the ‘Smart City Project’ are expected to drive the demand for Diethylene Glycol from the cement manufacturers in the future.

Major players:

• Reliance Industries,
• GC Glycol Company,
• BASF SE,
• Royal Dutch Shell PLC,
• Huntsman International LLC,
• India Glycol Limited,
• Indian Oil Corporation,
• SABIC,
• Lyondell Basell Industries,
• Mitsubishi Chemical Corporation,
• Acuro Organics Limited,
• Sibur, Indorama LLC., and
• Others.

“The rapidly increasing demand for Diethylene Glycol from various end-use industries including agrochemicals, cosmetic and personal care, automotive, and others is likely to boost the DEG market across the world in the upcoming years. The increasing disposable income and rising industrialization around the world has led to a rise in the demand for DEG which will propel its market in the forecast period. The government expenditure on infrastructure activities in emerging nations is likely to augment the DEG market in the future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

BOPET Films Market to 2030 | Global Industry Size, Growth, Analysis, Trends & Forecast

 

 

According to ChemAnalyst report, “BOPET Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, The BOPET Films market has witnessed considerable growth as it reached 4.21 million tonnes in 2020 and is expected to achieve a healthy CAGR of 4.8% during the forecast period until 2030. The rapidly growing demand for BOPET Films due to its versatile properties by various end-use industries is expected to boost the BOPET Films market globally in the span of the next ten years. Increasing demand for BOPET Films by the flourishing packaging industry is the major factor driving the BOPET Films market across the globe. However, the high production cost of BOPET films can somehow hinder market growth in the future.

BOPET stands for Biaxially Oriented Polyethylene Terephthalate, which is a Polyester film made from orientated Polyethylene Terephthalate (PET). These versatile engineered films are clear, flexible, and transparent in nature and inherent versatile properties such as high tensile strength, reflectivity, chemical, and dimensional stability, gas and aroma barrier properties, and electrical/thermal insulation.

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The BOPET films are widely used for various industrial and commercial applications including flexible packaging, insulating materials, covering over paper, consumer electronics, printing media, green energy, automotive parts, medical devices, and others. The biaxial orientation of the PET film makes it desirable for food packaging, electrical/thermal insulation, and printing sheets. BOPET films are extensively used in plastic bottles for soft drinks due to their excellent water and moisture barrier properties. Owing to their high mechanical strength, these films are often used in tape applications such as the carrier for magnetic tape or backing for pressure-sensitive adhesive tapes. Flexible packaging structures account for the largest end-use of BOPET films where its unique properties have enabled it to become the backbone that high-performance multi-layer plastic structures are built around. Due to growing urbanization and industrialization, the demand for plastic packaging, electronic products, and digital printing is rapidly increasing along with retail sales of food and grocery, which is likely to augment the BOPET market in the next few years.

The BOPET Films Market is segmented on the basis of type, end-use, sales channel, and region. Based on different types, the BOPET films are categorized into Thin films and Thick films. The thin films segment is anticipated to dominate the BOPET films market globally in the upcoming years owing to the rising demand for BOPET films in the food and beverage, and pharmaceuticals industry. On the basis of end-use industries, the BOPET market is segregated into packaging, pharmaceuticals, electrical and electronics, imaging, industrial, automotive, and others. Among these, the packaging industry holds the largest share in the BOPET films market and is expected to maintain its dominance until 2030 due to the increasing demand for flexible packaging especially from the personal care, food and beverages, and pharmaceutical sector across the globe.

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The unprecedented fall of COVID-19 in 2020 caused a drastic decline in the BOPET Films market around the world. Many end-user industries including personal care, automotive, electrical and electronics, imaging, and others witnessed a huge negative impact due to the interruptions in the global supply chain. Several manufacturing units halted their operations temporarily during the first half of 2020 in order to contain the spread of the deadly coronavirus, which had affected the BOPET films market across the globe.  However, the demand for BOPET Films from the flexible packaging industry remained significant during the covid times.

Among different regions, the Asia Pacific region dominated the BOPET Films market globally in 2020 and is expected to maintain its dominance over the next ten years owing to the rising demand for flexible packaging, flat panel displays, printed circuit boards, etc. especially in emerging economies like China, India, Japan, and others. Rapid industrialization and urbanization in India and China have led to continuous changes in people’s lifestyles which has further propelled the demand for BOPET films in the Asia Pacific region. In North America, the demand for BOPET films is continuously growing in the food and beverages, and construction industry, which will then accelerate the BOPET films market in the forecast period.

Some of the major players operating in BOPET Films market include include Toray, SKC Films, DuPont, Mitsubishi, Jiangsu Shuangxing, Polyplex, Kolon, Jindal, JBF, SRF, Terphane, Uflex, PT Trias Sentosa, Polinas, Coveme, Jiangsu Xingye, Kanghui Petrochemical, Billion Indusrial Hildings, DDN, Fuweifilm, Qiangmeng Industry, Ningbo Jinyuan, Shaoxing Weiming, and others.

“Growing demand for BOPET Films from the blooming packaging industry is likely to boost the BOPET Films market across the globe in the next ten years. Increasing awareness regarding fitness trends, healthy foods, and natural ingredients is driving the food and beverages industry which is expected to propel the demand for BOPET films in the upcoming years. Emerging technological advancements like drone technology will further create new opportunities for growth for leading players in the BOPET films industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

BOPP Films Market to 2030 | Global Industry Size, Growth, Analysis, Trends & Forecast

 

According to ChemAnalyst report, “BOPP Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. BOPP Films market witnessed a demand of around 4.55 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 5.2% until 2030 owing to its surging demand from the Packaging industry.

Biaxially Oriented Polypropylene (BOPP) films are glossy, clear, transparent, flexible, lightweight, and durable, manufactured by extending the Polypropylene film in both machine direction as well as transverse direction. The two main methods used for the production of BOPP films are Tenter and Tubular. Depending upon the requirements of end use industries, BOPP films are available in a wide range of thickness, widths, and properties. On the basis of their thicknesses, BOPP Films have been categorized as 15 microns, 15-30 microns, 30-45 microns and more than 45 microns. 

There are various kinds of BOPP films varying in their properties such as Transparent films, Opaque films, non-food films, label films, and metallized films. Based on the type, BOPP Films are segmented into Wraps, Bags & Pouches, Labels, and Tapes. BOPP based Labels are in high demand as these are cost effective, tear resistant and can accept many formulations of ink. Additionally, properties like moisture resistance and superior adhesive quality are making them suitable for labeling surfaces that can be easily get wet. Hence due to all these superior properties of BOPP Films its market is expected to grow at a promising rate in the forecast years.

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BOPP films are prominently used in several applications like packaging, labelling, and lamination. Owing to its inherent moisture and oxygen barrier properties, seal ability, fatigue resistance, biodegradability, recyclability, and non-toxicity, it is among the most desirable food packaging material. Additionally, BOPP films also provide shelf-life extension, quality and sustainability to food products which is likely to drive the demand for BOPP Films in the forecast period.

The major end use industries of BOPP films are Food and Beverages, Pharmaceuticals, Personal Care, Electricals and Electronics and Others. In Pharmaceuticals BOPP Films are extensively used as co-extruded heat sealable and reverse printable films for packaging medicines ensuring the safe and secure transportation of medicines in bulk. Expanding packaging industry is projected to drive the demand for BOPP films in the forecast period

The sudden outbreak of the COVID-19 virus in the first half of 2020, across the globe led to the imposition of nationwide lockdowns by the major economies. It resulted in disruption in the functioning of several manufacturing plants as well as the interruption in the supply and demand chain which consequently impacted most of the industries. However, there was a rise in the demand for BOPP Films as there was an exponential growth in the Packaging industry amid the pandemics due to the rise in e-commerce and the demand for packaged food. Additionally, growth in Pharmaceuticals during the pandemics also gives a push to the BOPP Films market. Hence, growth in Food and Beverages and Pharmaceuticals sectors is anticipated to fuel the demand for BOPP Films over the forecast period.  

Region wise, Asia Pacific holds the maximum demand share of the BOPP Films market and is expected that its BOPP Films market would grow at a promising pace through 2030 owing to rapid industrialization, urbanization, and a huge consumer base in the region. Additionally, emerging economies like China, India and Japan are the leading consumers of BOPP Films which is likely to fuel the market for BOPP Films in the region.

The BOPP Films market in Europe and North America is also expected to grow at a significant rate in the upcoming years due to the rising demand for versatile, lightweight, eco-friendly, sustainable, and efficient packaging materials. In these regions, BOPP Films are highly desired for packaging and lamination applications that consequently is expected to drive the market for BOPP Films in the upcoming years.

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Major players for BOPP Films globally are Cosmo Films Ltd., Polyplex Co. Ltd., Jindal Poly Films Ltd., Innovia Films Limited (CCL Industries), Printpack Holdings, Inc., Inteplast Group Inc., Toray Industries Inc., Taghleef Industries LLC. UFlex Ltd., Clondalkin Group Holdings B.V. Company, Amcor Plc., Polibak and Chiripal Poly Films Ltd. among others.

“BOPP Films are identified as a highly desired packaging materials globally owing to their superior mechanical and physical properties. Additionally, BOPP Films are cost effective as well as available in desirable widths and thickness as per the requirement. All these factors are likely to positively influence its market growth in the upcoming years. The blooming Packaging industry due to rise in e-commerce and changing customer’s preferences are anticipated to fuel the demand of BOPP Films in the forecast period. Additionally, Food and Beverages is the most lucrative end use industry of BOPP Films and growth in this sector would likely to propel the market growth of BOPP Films in the forthcoming years. Due to the high demand of these films, there is a need to keep the track of its market growth to grab the upcoming opportunities for the capacity expansions in order to fill demand and supply gap in the future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

Tetrahydrofuran Market to 2030 | Global Industry Size, Growth, Analysis, Trends & Forecast

 

According to ChemAnalyst report, “Global Tetrahydrofuran (THF) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Tetrahydrofuran market has shown a promising growth in the past five years and is projected to achieve a CAGR of 6.85% during the forecast period. Growing demand for spandex and paints and coatings coupled with the increasing demand from other end use industries is expected to drive the demand of tetrahydrofuran for the forecast period. Tetrahydrofuran is an organic, volatile, and water-soluble compound, manufactured through several processes such as Reppe process, Davy process, Propylene Oxide process, Butadiene process. Among these processes, the Reppe process leads the global market for tetrahydrofuran due to its industrial viability and low cost. 

Tetrahydrofuran is also used as an intermediate in the manufacturing of PVC, magnetic tapes, adhesives etc. and used as solvent for plastics. Polytetramethylene ether glycol (PTMEG) and solvents are the major applications of THF. PTMEG is used in the manufacturing of spandex and other polyurethanes and there is a high demand of Spandex in the Textile industry whereas polyurethane has wide range of applications like foams, insulation panels, seals, automotive suspension bushings etc. Therefore, major end use industries for Tetrahydrofuran include polymer, textile, chemicals, pharmaceutical, paints and coatings, automotive, construction and others. The growing demand of Tetrahydrofuran in the production of Polyurethanes and PVC are fueling the market for Tetrahydrofuran globally. 

Read Full Report Here: https://www.chemanalyst.com/industry-report/tetrahydrofuran-market-586

In 2020, COVID-19 outbreak in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction, Automobile and Textile were among the most affected industries during the pandemic. This had a negative impact on the demand of paints and coatings and spandex which ultimately affects the market for Tetrahydrofuran. However, the growing demand for THF from Asia Pacific and North America is projected to boost its market in the forecast period.

Regionally, Asia Pacific dominates the Global tetrahydrofuran market and holds the largest market share in due to the presence of textile hub in China and India coupled with the rapid growth automotive as well as pharmaceutical sectors in the region. Heavy demand from PTMEG industry is likely to propel the Asia Pacific market for Tetrahydrofuran in the forthcoming years. Moreover, increasing demand for spandex in US and Europe for textile industry is expected to boost the market for Tetrahydrofuran in the region.

Some of the major players operating global tetrahydrofuran market are BASF SE, Ashland, Baren Chemicals Industries, INVISTA, Dairen Chemical, Mitsubishi Chemical co. Ltd, LyondellBasell, Sipchem Chemical Industry, Nova Molecular Technologies, BioAmber Inc., and Sigma-Aldrich Corp.

Book A Demo Online Request: Tetrahydrofuran (THF) Market

“Due to wide range applications of Tetrahydrofuran and its derivative such as PTMEG, there is a high demand for it in the end use industries including Polymer, Textile, Construction, Automobile, Paints & Coatings, Packaging, Chemicals and Pharmaceuticals which drives the global market for Tetrahydrofuran. China, India and Japan are the key growth regions with sufficiently installed capacities for Tetrahydrofuran in APAC region. Additionally, North America and Europe are also predicted to grow at a significant rate for the forecasted period. With the new competitors emerging across the Asia Pacific Tetrahydrofuran market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/

Refinery Catalyst Market to 2030 | Global Industry Size, Growth, Analysis, Trends & Forecast

 

According to ChemAnalyst report, “Refinery Catalyst Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Refinery Catalyst market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 5.14% during the forecast period. Increasing population and growing demand for petroleum and its derived products, demand from transport sector, increasing consumption of natural gas in household sector, development of new technologies would drive the demand for Refinery Catalyst in the forecast period. These catalysts are also used in various processes like reforming, isomerization, catalytic cracking, desulfurization, etc.

Majority of refinery catalyst being produced in the world today is used in various processes like reforming, isomerization, catalytic cracking, desulfurization, etc. which take place in refineries. The major end uses of these chemicals are in FCC catalyst, alkylation catalyst, hydrotreating catalyst, hydrocracking catalyst, catalytic reforming. The remaining of the demand of chemicals comes from other applications, such as rise in demand for high Octane fuel, demand for ultra-low sulfur diesel and many more. The catalyst are manufactured by reacting different types of material in different compositions which includes chemical compounds, metals and zeolites. This revolutionary technology is known to be the most economical one, with remarkable benefits such as reduced capital investments, maintenance costs, and waste treatment.

Read Full Report Here: https://www.chemanalyst.com/industry-report/refinery-catalyst-market-541

Among various applications of catalyst, FCC (Fluid Catalytic Cracking) catalyst dominate the refinery catalyst market. As of 2020, the FCC (Fluid Catalytic Cracking) catalyst dominate Refinery catalyst end user market and are expected to propel the market growth backed by drivers like increasing e-commerce activities which is dependent on petroleum and its derived products, rapid urbanization, and growing rate of per capita consumption of petroleum and its derived products globally. In the past few years, the increasing industrialization and urbanization and increasing demand from e-commerce activities. These factors are likely to propel the demand for refinery catalyst in the forecast period. Moreover, increased use of high-octane fuel and demand for ultra-low sulfur diesel are further driving the catalyst demand in the forecast period.

Refinery catalyst prices are linked to its increasing demand from various sectors like e-commerce, household gas, transport, and refineries. Over the past few years, catalyst prices have become highly susceptible to the demand of the petroleum and its derived products. In the first half of FY20 sudden outbreak of novel coronavirus followed by unprecedented fall in demand rendered a sharp downfall in the Refinery Catalyst prices. Various industrial operations shutdown in the first half of the FY20 which impacted various industries including these chemicals market as it is majorly used in refineries for the efficient production of petroleum derived products. Therefore, catalyst market has also being affected due to shaken market outlook.

Regionally, Asia Pacific dominates the refinery catalyst market and holds the largest market share in 2020. Asia’s catalysts market is anticipated to grow in the economies like India, China, and Japan due to continuously rising population and high demand from the industrial and e-commerce sector. South Asia, particularly India, seems to be the key market for catalyst as the country is seen as a generally under-supplied market with limited domestic manufacturing. Moreover, increasing focus of the Indian government towards spreading awareness for production in India through campaigns such as MAKE IN INDIA Project would stimulate the growth of the Refinery catalyst market in the forecast period.

Book A Demo Online Request: Refinery Catalyst Market Analysis Report

Key Players:

• Albemarle Corporation
• Haldor Topsoe
• W R Grace
• Honeywell UOP
• Clariant
• Axens
• Johnson Matthey
• JGC Catalyst and Chemicals
• Shell Catalyst & Technologies
• Arkema
• Anten Chemicals
• Chempack
• China Petroleum and Chemical Corporation
• Dorf-Ketal Chemicals Pvt. Ltd.
• BASF
• Exxon Mobil Corporation
• Gazprom
• KNT Group, etc.

“Being directly linked to the chemicals industry, the refinery catalyst industry has shown a robust growth alongside growing population and increase of dependency on petroleum and its derived products. India is forecasted to become the world's fifth largest consumer market by 2025. In addition, growing use of petroleum and its derived products globally poised a stronger outlook to the country’s catalyst demand. The nationwide lockdown affected the demand and increased the price due to minimum demand. China also serves as the key growth region with sufficiently installed capacities. With new competitors emerging across the Asian catalyst market, players anticipate that supply will soon outpace demand soon. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

Manvi Goyal

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com/