Bioadhesive Market Demand for Animal-based Bioadhesives to Remain High, Growth By 2024

The global market for bioadhesive has been gaining significantly over the recent past. Thanks to the increasing implementation of stringent rules and regulations, compelling industries to limit the application of petroleum-based products, the focus on eco-friendly, bio-based adhesives has increased, which is reflecting greatly on this market. The technological advancements in research and development activities and the resultant advancements in adhesives is also supporting the adoption of a variety of bioadhesives across the world. Going forward, the increasing entry of new vendors in this market is likely to back up its growth over the next few years.

As per Transparency Market Research (TMR), the global market for bioadhesive, which stood at US$251.6 mn in 2015, is anticipated to rise at a healthy CAGR of 12.90% during the period from 2016 to 2024 and is projected to increase to US$736.0 mn by the end of 2024.

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The global market for bioadhesives is broadly analyzed on the basis of the source and the end user. Based on the source, the market has been classified into plant-based bioadhesives and animal-based bioadhesives. Among the two, the animal-based bioadhesive segment led the global market in 2015 with a share of nearly 80%. Researchers expect it to continue like this over the forecast period as well on the ground of the rising utilization of these adhesives in the medical and healthcare industry for specialty applications, such as open surgeries and wound closures.

By the application, the market has been categorized into the paper and packaging, medical, personal care, wood works and furniture, and the construction industries. With a share of more than 30%, the paper and packaging industry surfaced as the leading consumer of a varied range of bioadhesives in 2015. Over the coming years, the industry is expected to continue as the key end user of bioadhesives, thanks to the steady rise in the global packaging industry.

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Europe to Retain its Top Position

Geographically, the worldwide market for bioadhesives is led by Europe. In 2015, the European market accounted for more than 35% of the overall market, thanks to the increase in the construction activities. Over the forthcoming years, the regional market is likely to remain dominant on the grounds of the high demand for bioadhesives in several industries, such as construction, packaging, and wood works and furniture in this region. Germany is anticipated to emerge as the leading consumers of bioadhesives in Europe in the near future.

Apart from Europe, North America is also expected to display lucrative growth opportunities for the market for bioadhesives. The rising implementation of stringent norms and policies concerning the usage of petroleum-derived products in this region is likely to boost the North America market for bioadhesives in the years to come. The development of novel products with efficient adhesive properties is also projected to provide momentum to the North American market over the next few years.

Adhesives Research Inc., 3M Co., SCION, Adhbio, Bioadhesive Alliance Inc., Meredian Holdings Group Inc., Ecosynthetix Inc., Ashland, Cryolife Inc., and Henkel Corp. are some of the key players operating in the global bioadhesive market.

Waterproofing Chemicals Market Analysis and Future Growth 2024

Waterproofing Chemicals Market – With the robust growth of the construction industry, the global market for waterproofing chemicals has gain substantial impetus across the world. Waterproofing chemicals are used for several purposes, such as, the protection of the buildings from seepage and leakage caused by water and moisture. The upswing in industrialization and the rise in urbanization have stimulated the demand for these chemicals considerably, which is likely to remain strong across the world on the grounds of new construction projects as well as projects managing refurbishment of existing buildings. The increasing costs raw materials and surge in labor wages is expected to drive this market further in the years to come.

The rising construction of public infrastructure spaces, such as, tunnels, bridges pavements, and public utility centers, and roads, are also projected to add to the demand for waterproofing chemicals in the near future.

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In 2015, the overall opportunity in the global waterproofing chemicals market was US$7.6 bn. Analysts expect the market to remain positive with a CAGR of 5.10% over the period from 2016 to 2024 and reach a value of US$12.3 bn by the end of 2024.

Construction Industry to Remain Key Consumer for Waterproofing Chemicals

Waterproofing chemicals find an extensive application in the infrastructure, textile and leather, automotive, and the construction sectors. Among these, the construction sector has surfaced as the leading consumer of these chemicals and is expected to remain dominant over the next few years. In construction activities, roofing has been exhibiting a considerable demand for these chemicals, thanks to a substantial increase in the government fund on the improvement of infrastructure across the world.

PVC, polytetrafluoroethylene (PTFE), thermoplastic olefin (TPO), bitumen, silicone, and ethylene propylene diene terpolymer (EPDM) are the key products available in the global market for waterproofing products. Among these, bitumen holds the maximum amount of share in the global market, thanks to its high viscosity and exceptional binding properties. PVC and silicone also enjoy a strong demand and are anticipated to continue doing so over the forthcoming years.

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Asia Pacific to Remain Dominant Market for Waterproofing Chemicals

The Middle East and Africa, Europe, Asia Pacific, Latin America, and North America have surfaced as the key regional markets for waterproofing chemicals. Among these, Asia Pacific has acquired the leading position and is anticipated to remain seated here over the forthcoming years. The significant rise in building and construction activities and the rising number of smart city projects in various countries, such as New Zealand, India, and Singapore are the main driving factors behind the growth of the Asia Pacific market for waterproofing chemicals.

Among others, the Middle East and Africa region is emerging as the most promising market for waterproofing chemicals, thanks to the increasing expansion of the refining capacities of a number of refineries in the Middle East.

The highly consolidated competitive landscape of waterproofing chemicals includes several established players, such as Liquipel LLC, RPM International Inc., MUHU (China) Construction Chemicals, Archroma Management LLC, Sibelco AG, Pidilite Industries Ltd., H.B. Fuller, W.R. Grace and Co., Sika AG, Evonik Industries, Akzo Nobel NV., Wacker Chemie AG, Mapei SpA, E.I. du Pont de Nemours and Co., The Dow Chemical Co., and BASF SE. These partcipants are concentrating on their expansion in emerging economies in Asia Pacific, Latin America, and the Middle East and Africa.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Canada Concrete Floor Coatings Market: High Resilience and low Environmental Impact Seen as Key Factors of Appeal, TMR

The Canada concrete floor coatings market features a highly consolidated competitive landscape, with the top five contributors to the market holding a substantial 70% of the overall market in 2016, says Transparency Market Research in a recent report. Strong growth of these leading companies, namely The Sherwin Williams Company, PPG Industries Inc., BASF SE, RPM International Inc., and Sika AG, is largely attributed to their continual efforts towards attaining technological expertise and introducing innovative products to the market.

Expanding their geographical reach with the help of strategic acquisitions and mergers is one of the key growth strategies adopted by companies in the market to strengthen their hold. An instance is BASF SE’s recent acquisition. In December 2016, the company acquired Chemtell Group’s surface treatment business from Albemarle Corp. in Charlotte, North Carolina to improve its coatings portfolio as well as its position as a complete solutions provider to global customers.

Transparency Market Research estimates that the Canada concrete floor coatings market will expand at a healthy 5.2% CAGR from 2017 to 2025, rising from a valuation of US$100.8 mn in 2016 to US$158.0 mn in 2025.

Epoxy Coatings to Keep Contributing Massive Chunk of Revenue to Canada Concrete Floor Coatings Market

From a geographical standpoint, the Ontario concrete floor coatings market accounted for more than 30% of the Canada concrete floor coatings market in 2016. Rising urbanization, increasing disposable income and increasing demand for residential projects have been the prominent factors driving the market in Ontario and are expected to help retain the province its leading stance in the overall market in the next few years as well. In terms of product type, the segment of epoxy coatings accounted for a massive 60% of the overall market in 2016. The segment will continue to account for a massive share in the Canada concrete floor coatings market over the forecast period as well, but is expected to lose to the segment of polyaspartics in terms of growth rate over the forecast period.

Rising Demand from Thriving Construction Sector to Drive Market

Strict environmental regulations in Canada are expected to have a significant influence on the way the Canada market for concrete floor coatings develops in the next few years. In its transition to becoming an environmentally more sensitive country, the government of Canada has put forward regulations to limit harmful emission of VOCs from various paints and coatings. Almost all provinces in the country have been experiencing reduction in emissions since the last 10 years. Rise in demand from the blooming construction industry is another key factor driving the overall development of the Canada concrete floor coatings market.

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Government programs such as Affordable Housing Initiative (AHI) and New Building Canada Plan (NBCP) are projected to propel the construction industry in Canada. This, in turn, is anticipated to augment the market for concrete floor coatings. Additionally, various government efforts to enhance the residential and public infrastructure are likely to contribute to the growth of the market. Upcoming projects of real estate, revitalization of bridges, airport facility expansion, construction of hydroelectric dams, and construction of LNG facilities are expected to augment the demand for concrete floor coatings in Canada in the near future.

For the study, the Canada concrete floor coatings market has been segmented as follows:

Concrete Floor Coatings Market – Product Type Analysis

  • Epoxy
  • Polyaspartics
  • Others

Concrete Floor Coatings Market – Application Type Analysis

  • Indoor
  • Outdoor

Concrete Floor Coatings Market – Provincial Analysis

  • Ontario
  • Quebec
  • British Columbia
  • Alberta
  • Saskatchewan
  • Manitoba
  • Atlantic

This review of the Canada concrete floor coatings market is based on a recent market research report published by Transparency Market Research, titled “Concrete Floor Coatings Market (Product Type – Epoxy and Polyaspartics; Application – Indoor and Outdoor) – Canada Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Independent Lubricant Manufacturers Market: Focus on Bio-based Product Development to Present Rewarding Growth Opportunities, TMR

Despite the presence of a large number of small players, the global market for independent lubricant manufacturers features a largely consolidated vendor landscape, wherein the leading four vendors cumulatively accounted for a nearly 58% of the market in 2016, observes a recent report by Transparency Market Research. The Germany-based company FUCHS alone accounted for nearly 37% of the overall revenue generated by the global independent lubricant manufacturers in 2016, hinting towards to stronghold of the company on the global independent lubricant manufacturers market.

The level of competition is high and companies compete on the basis of product pricing, distribution channels, and innovative product offerings. Owing to vast growth opportunities in the field of bio-based lubricants, many leading vendors are focusing on the expansion of their product portfolios to include these lucrative products. Expansion across high-growth emerging economies and introduction of economic and environmentally neutral products could be the most rewarding strategies for companies struggling to establish their footing in the global independent lubricant manufacturers market.

Transparency Market Research estimates that the global independent lubricant manufacturers market, which was valued at US$6,800.79 mn in 2016, will reach US$9,454.04 mn by 2025, expanding at a CAGR of 3.80% between 2017 and 2025.

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Mineral Lubricants to Help Independent Lubricant Manufacturers Gain Maximum Revenues

The mineral lubricants product segment dominated, accounting for a massive 60.8% of the global independent lubricant manufacturers market in 2016. However, the segment’s share is expected to decline nominally during the forecast period, with the segment of synthetic lubricants experiencing a notable rise. In terms of geography, the global market for independent lubricant manufacturers, in terms of market growth potential as well as revenue share, was led by Asia Pacific in 2016, followed by North America.

Thriving Automotive Industry to Remain Key Growth Driver

Some of the primary factors positively influencing the global demand for lubricants from independent manufacturers are the healthy growth of the global automotive industry and the vast rise in demand for bio-based lubricants. The automotive industry, being one of the key consumers of a variety of lubricants, has been witnessing extensive expansion, especially across emerging economies with strengthening financial conditions and a rapidly rising middle-class population with high disposable incomes.

With strict environment protection regulations in place across most key regional markets, the use of high-quality lubricants has witnessed vast rise in the past years. Expected to remain strong in the near future as well, this trend is expected to have vast positive implications on the overall business of independent lubricants manufacturers across the globe. Environmental regulations will also compel the increased usage of bio-based lubricants, presenting promising growth avenues for independent lubricant manufacturers expanding their product portfolios to include innovative bio-based products.

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Fluctuating Raw Material Costs to Increase Cost Challenges for Manufacturers

Fluctuating prices of raw materials are one of the key challenges hindering the growth prospects of the global market for independent lubricants manufacturers. Fluctuation in raw material costs invariably affect pricing models and mostly have a negative impact on profit margins, especially in cost-sensitive regional markets, wherein consumers easily shift preferences, favoring cheaper alternatives. While bio-based lubricants are expected to witness a healthy rise in demand, their high costs could also deter consumers in developing economies from buying bio-based lubricants and instead choosing conventional crude-oil based lubricants.

For the study, the market has been segmented as follows:

Independent Lubricant Manufacturers Market – Product Analysis

  • Mineral lubricants
  • Synthetic lubricants
  • Bio-based lubricants

Independent Lubricant Manufacturers Market – Application Analysis

  • Automotive
  • Aerospace
  • Marine
  • Industrial
  • Others

This review of the global independent lubricant manufacturers market is based on a recent market research report published by Transparency Market Research, titled “Independent Lubricant Manufacturers Market (Type – Mineral Lubricants, Synthetic Lubricants, and Bio-based Lubricants; Application – Automotive, Aerospace, Marine, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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90 State Street, Suite 700
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Tel: +1-518-618-1030
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Tributyl Citrate Market by Regional Analysis, Key Players and Forecast 2024

Tributyl Citrate (TBC), also known as Butyl Citrate, Tri-n-butyl citrate, and Tributyl Ester, is a colorless, non-toxic, and oily liquid with a high boiling point and fruity flavor at room temperature. It is insoluble in water, but dissolves in acetic acid, acetone, castor oil, carbon tetrachloride, mineral oil, and methanol. Known to react with oxidizing reagents, TBC is produced through esterification of citric acid with 1-butanol and concentrated sulfuric acid acting as a catalyst.

TBC is widely used in food wrapping films, soft toys for children, cosmetics, and as a plasticizer for polymers such as poly vinyl chloride (PVC) and its copolymers. It aids maintenance of color when processed with resins due to its excellent heat stability.

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Tributyl Citrate (TBC) Market: Trends

Products manufactured using TBC are able to withstand cold, mildew, and water. It is used for granulation of non-toxic PVC, besides being an authorized plasticizer in various industries including food contact, food packaging materials, food additives, pharmaceuticals, medicines, cosmetics, flavors and fragrances, and adhesives. It is also utilized in cigarette filters to retain moisture. TBC is a competent fragrance carrier, and thereby applied on a large scale in cosmetic products.

Salient properties of TBC include good compatibility, weather resistance, non-toxicity, limited volatility, and high plasticizing efficiency. It recently replaced phthalate ester, which is carcinogenic and is known to have adverse effects on human health, as a safer, and hence, preferred alternative. With increasing environmental awareness and improvements in regulations, the TBC market is expected to experience a steady growth rate during the forecast period.

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Tributyl Citrate (TBC) Market: Region-wise Outlook

TBC is extensively employed as a plasticizer and food additive in the global market. In Europe, it finds applications in packaging of food and medical products, pharmaceuticals, flavors and fragrances, children’s soft toys, and manufacturing of cosmetics.

With prominent economies such as China formulating rules and regulations concerning the limited usage of toxic plasticizers and incorporating TBC in multiple sectors, the market in Asia Pacific is also anticipated to expand in the next few years.

Latin America and Middle East & Africa are likely to witness a comparatively sluggish rate of growth during the forecast period owing to the lack of TBC-related awareness in this region.

Tributyl Citrate (TBC) Market: Key Players

Some of the key players operating in the global TBC market include Chemport India LLP, Vertellus Holdings LLC, and Jungbunzlauer Suisse AG.

Levulinic Acid Market Tremendous Growth For poly-vinyl chloride(PVC), Booming Industries By 2024 !

Global Levulinic Acid Market to be driven by its potential of replacing phthalate plasticizers used for manufacturing PVC; Asia Pacific holds the largest segment for global levulinic acid industry across the globe.