Growing Usage in various industries Is Proliferating the Demand for Functional Ceramics Globally

 

A wide variety of functional ceramics are used in the industry these days. As functional ceramics are used due to their properties such as high strength, hardness, and wear resistance, as well as their ability to conduct heat and electricity. The reason for the development of functional ceramics is high dependency of industries such as electrical & electronics, medical, insulation materials, dielectric substances, magnetic materials, piezoceramic materials, and anti-bactericidal materials. The development and advancement of functional ceramics continue to be an active area of research and innovation, as they have the potential to revolutionize many fields of technology.

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Additionally, many small-scale startups or projects are being done to increase the production rate of functional ceramics using smart technology is done to upgrade the look for toilets, sink ware, dishware, and others. In addition, the smart and intelligent toilet market offers contemporary trendy designs, superior technology, and flawless performance.

Furthermore, the demand for smart bathrooms, especially in urban areas and among rising affluent Indians, is increasing significantly as consumers move towards the trend of energy conservation adoption and maintaining high standards of hygiene. Also, spanning a range of styles, each rich in texture and rendered the need for the growth of the functional ceramic market.

Moreover, functional ceramics are used for other multiple reasons as well such as Electronic Insulation Material; Dielectric Substance; Magnetic Ceramic Material; Piezoceramic Material; Anti-Bactericidal Ceramic Material.

Conclusion:

The functional ceramics industry has witnessed rapid expansion over the last few years, with big players acquiring emerging small companies or companies launching new products or doing business expansion in the field of functional ceramics. Further, investments, mergers, and acquisitions in functional ceramics have also increased over the past few years and so is the adoption rate in multiple industries. Contact UnivDatos Market Insights, a rapidly growing dynamic market research firm led by a core of dedicated professionals for further information. According to the Universal Data Solutions analysis, the development of advanced technologies would massively transform the global scenario of functional ceramics and as per their “Functional Ceramics Market” report, the global market was valued at USD 232.84 billion in 2021, growing at a CAGR of 17% during the forecast period from 2022 - 2028 to reach USD XX billion by 2028.

Cellulose Ether & Derivatives Market: Business Expansion Strategies, Growth Dynamics, Opportunities 2023

 

Cellulose ethers are water-soluble polymers derived from cellulose, the most abundant natural polymer. For a long time, these products have played a significant role in a host of applications in various industries such as construction, paints & chemicals, food & beverage, cosmetics, and healthcare. In recent years, the demand for cellulose ether & derivatives has risen dramatically owing to the soaring application of cellulose ether & derivates in the chemical industry as cellulose ether & derivatives help in thickening, emulsifying, water retention, and improved stability, making them ideal additives in the industry. Furthermore, key producers in the chemical industry are planning to invest in expanding their business across new areas to produce more amount of cellulose. For instance, in May 2021, Rayonier Advanced Materials announced a strategic investment in Anomera Inc., which produces the highest quality Cellulose Nanocrystals under the brand names, DextraCel, ChromaPu, and ChromAllur. Anomera represents a new cellulosic technology platform for future growth. This investment is expected to offer a new platform to expand its business to new areas.

The Cellulose Ether & Derivatives Market is expected to grow at a steady rate of around 6% owing to the wide applications of cellulose ether & derivatives in the pharmaceutical industry followed by the food & beverage, and chemical industries. Further, cellulose ether & derivatives have a high demand in the pharmaceutical industry as they are used for the treatment of chronic diseases as used in inactive substances as carriers for active ingredients in drugs. Thus, growth in the end-user industries is expected to drive the demand for cellulose ether & derivatives globally.

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According to UnivDatos Market Insights (UMI)’ research report “Global Cellulose Ether & Derivatives Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the Increasing use of carboxymethyl cellulose in the mini floatation process as well as many sustainable products are extracted since they are derived from wood.

Based on product type, the market is segmented into methylcellulose (MC), hydroxypropyl methylcellulose (HPMC), hydroxymethyl methylcellulose (HMC), carboxymethyl cellulose (CCC) hydroxyethyl cellulose (HEC), ethyl cellulose (EC), hydroxypropyl cellulose (HPC). The methylcellulose category is to witness the highest CAGR during the forecast period. As methylcellulose is a white, odorless, tasteless powder that is soluble in cold water and forms a gel-like substance when heated. So, methylcellulose can be used as thickeners, emulsifiers, and stabilizers in various industries such as food & beverage, pharmaceutical, cosmetic, and other industries. Also, it is a safe, and non-toxic ingredient which in turn increases the growth of the cellulose ether & derivatives market.

Based on the end-user, the cellulose ether & derivatives market has been classified into foods & beverages, construction, paints & coatings, oilfield applications, pharmaceuticals, personal care & detergents. The foods & beverages category is to witness the highest adoption of cellulose ether & derivatives during the forecast period. This is mainly due to the use of cellulose ethers and derivatives as thickening agents in various food & beverage products such as sauces, soups, and juices to improve their texture and viscosity. Additionally, it is also used as an emulsifier to improve the stability and homogeneity of emulsions in various food & beverage products such as mayonnaise and salad dressings. Further, cellulose is a naturally occurring polymer derived from plant fibers, making cellulose ethers and derivatives environmentally friendly and renewable, contributing to the sustainability of the food & beverage industry.

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Asia-Pacific to witness extensive growth

For a better understanding of the market adoption of the cellulose ether & derivatives industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing consumer concern towards bio-based products coupled with the growing adoption of cellulose ether & derivatives in the construction, pharmaceutical, and others sectors within the region. As, bio-based products produced by cellulose ether & derivatives have many advantages for the environment such as sustainability, renewable sourcing, and reduced environmental impact. That will increase the demand for cellulose ether & derivatives in industries such as construction, pharmaceutical, food & beverage, and others. Moreover, major players in the market are working towards launching new products of cellulose in the market to expand their business portfolios. For instance, in April 2022, Nouryon launched its new Bermocoll FLOW cellulose ether. The new product can combine the flow and leveling properties of a synthetic thickener with the stabilizing properties of a cellulose thickener. The product is primarily designed for use in low-volatile organic compound (VOC) paint formulations along with airless spray applications.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the cellulose ether & derivatives market are The Dow Chemical Company, Fenchem, LOTTE Fine Chemicals, Shandong Head Co. Ltd, Shin-Etsu Chemical Co. Ltd, Ashland Global Holdings Inc., Lamberti S.p.A., J.M. Huber Corporation, DKS Co. Ltd, J. RETTENMAIER SOHNE GmbH + Co KG.

“Global Cellulose Ether & Derivatives Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.    

Market Segmentation:

1.      By Product Type (Methylcellulose (MC), Hydroxypropyl Methylcellulose (HPMC), Hydroxymethyl Methylcellulose (HMC), Carboxymethyl Cellulose (CCC) Hydroxyethyl Cellulose (HEC), Ethyl Cellulose (EC), Hydroxypropyl Cellulose (HPC))

2.      By End-User (Foods & Beverages, Construction, Paints & Coatings, Oilfield Applications, Pharmaceuticals, Personal Care & Detergents)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (The Dow Chemical Company, Fenchem, LOTTE Fine Chemicals, Shandong Head Co. Ltd, Shin-Etsu Chemical Co. Ltd, Ashland Global Holdings Inc., Lamberti S.p.A., J.M. Huber Corporation, DKS Co. Ltd, J. RETTENMAIER SOHNE GmbH + Co KG)

Key questions answered in the study:

1.      What are the current and future trends of the global cellulose ether & derivatives industry?

2.      How the industry has been evolving in terms of product type and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global cellulose ether & derivatives industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global cellulose ether & derivatives suppliers across various region and countries?

Methyl Acrylate Monomers Market: Business Expansion Strategies, Growth Dynamics, Opportunities 2028

 

The Methyl Acrylate Monomers Market was valued at USD 10,466.7 million in 2021 & is expected to grow at a CAGR of 5.0% from 2022-2028. owing to the increasing utilization in many polymerization processes due to their relatively low viscosity and low glass transition temperature, which makes them suitable for use in coatings, adhesives, and other applications that require flexibility and toughness.

Methyl acrylate is a colorless, flammable liquid with a sharp, fruity odor. It is an organic compound that is used primarily as a monomer in the production of various polymers, including acrylic polymers, resins, and copolymers. 

Methyl acrylate monomers have gained significant adoption in the chemical industry due to their unique chemical properties, wide range of end-use applications, and growing focus on sustainability. Methyl acrylate is a colorless, flammable liquid with a sharp, fruity odor. It is an organic compound that is used primarily as a monomer in the production of various polymers, including acrylic polymers, resins, and copolymers. 

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The adoption of methyl acrylate monomers is driven by several factors. First, its unique chemical properties make it a versatile material for various applications. For instance, its ability to polymerize with other monomers such as butadiene, styrene, and vinyl acetate enables the production of a wide range of copolymers with unique properties such as elasticity, adhesion, and impact resistance. Additionally, the polymerization of methyl acrylate can be initiated by heat, light, or chemicals, making it a flexible material for various industrial processes. 

Secondly, the increasing demand for various end-use applications such as coatings, adhesives, and textiles has also driven the adoption of methyl acrylate monomers. Acrylic coatings, for example, are widely used in automotive, construction, and industrial applications due to their superior durability, weather resistance, and aesthetic appeal. Similarly, acrylic adhesives are preferred in various industries due to their high bonding strength, flexibility, and resistance to water and chemicals. The versatility of methyl acrylate makes it an ideal material for such applications. 

Thirdly, the growing focus on sustainability has also contributed to the adoption of methyl acrylate monomers. The production of acrylic polymers from methyl acrylate monomers is less energy-intensive and generates less waste compared to traditional materials such as PVC. Additionally, the use of acrylic coatings and adhesives can extend the lifespan of various products, reducing the need for frequent replacements and minimizing waste. 

In North America, the adoption of methyl acrylate monomers has been driven by the growth in the construction and automotive industries. These industries have a high demand for products such as adhesives, coatings, and sealants that are made using methyl acrylate monomers. The increasing demand for lightweight vehicles has also boosted the demand for methyl acrylate-based polymers, which are used in the production of lightweight components.

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In Asia Pacific, the adoption of methyl acrylate monomers has been driven by the growth in the construction industry. Rapid urbanization and industrialization have led to an increase in the construction of residential and commercial buildings, which has boosted the demand for adhesives, coatings, and sealants that are made using methyl acrylate monomers. The increasing demand for automotive vehicles in countries such as China and India have also boosted the demand for methyl acrylate-based polymers.

In Europe, the adoption of methyl acrylate monomers has been driven by the growth in the packaging industry. Methyl acrylate-based polymers are widely used in the production of packaging materials, including food packaging and medical packaging. The increasing demand for sustainable packaging materials has also boosted the demand for methyl acrylate-based polymers, which are recyclable and can be used to produce biodegradable materials.

Conclusion: 

The adoption of methyl acrylate monomers and drivers outlook varies in different regions depending on various factors such as economic conditions, industrialization level, and demand for specific products. The growth of different industries such as construction, packaging, automotive, and oil and gas has been the main driver of the adoption of methyl acrylate monomers in different regions. As the demand for sustainable and environmentally friendly products increases, the use of methyl acrylate-based polymers is expected to grow in different regions.