Synthetic Fibers Market Trends, Applications, Analysis, Growth, And Forecast To 2028

The global synthetic fibers market size is estimated to reach USD 99.78 billion by 2028 registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for clothing and apparel due to the changing fashion trends across the globe is likely to drive the market growth over the forecast period.

The properties offered by these products, such as stretching, waterproofing, and resistance to stain, sunlight, & oil, are likely to boost their demand during the forecast period. In addition, product application in various industries, such as clothing, home furnishing, automotive, filtration, and others, is expected to add significant growth to the market.

The market is heavily dependent upon the demand and changing consumer preferences, especially from the clothing and home furnishing products. Increasing adoption of strong and durable fabric for various land & air adventure sports applications involving parachutes and ropes is expected to have a positive impact on the market growth over the forecast period.

The majority of the players in the market are adopting recycling and advance technology methods. It involves the usage of recycling secondary raw materials (MPS) from synthetic textile fiber wastes and composites that exhibit anti-microbial properties. This trend is expected to increase during the forecast period in the wake of rising environmental and health concerns across the globe.

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Synthetic Fibers Market Report Highlights

• Polyester is expected to account for the maximum revenue share by 2028 on account of the high product penetration in various application industries as it is long-lasting and durable, thus substitute for many natural fibers, such as cotton
• The nylon product segment is estimated to register the fastest CAGR over the forecast period
• This is owing to the extensive product use for clothing, reinforcement materials in automobiles, and injected molded parts for vehicles and mechanical equipment
• The clothing application segment led the market, in terms of revenue as well as volume, in 2020, on account of changing consumer fashion trends and demand for cost-effective & easy-to-maintain clothes across various geographies
• Asia Pacific is expected to be the largest as well as the fastest-growing regional market with a CAGR of more than 7% over the forecast period
• This growth is credited to the high product demand from the clothing, home furnishing, and automotive application industries of the region
• North America emerged as the second-largest regional market in 2020 on account of the product demand from the clothing and automotive application segments

Synthetic Fibers Market Segmentation

Grand View Research has segmented the global synthetic fibers market on the basis of product, application, and region:

Synthetic Fibers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polyester
• Nylon
• Acrylics
• Polyolefins
• Others

Synthetic Fibers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Clothing
• Home Furnishing
• Automotive
• Filtration
• Others

Synthetic Fibers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Taiwan
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Synthetic Fibers Market

• Bombay Dyeing
• E. I. du Pont de Nemours and Company
• Indorama Corp.
• Lenzing AG
• Mitsubishi Chemical Holdings Corp.
• Reliance Industries Ltd.
• China Petroleum Corp. (Sinopec Corp.)
• Teijin Ltd.
• Toray Chemical Korea, Inc.
• Toyobo Co., Ltd.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Dyes & Pigments Market Worth $51.7 Billion By 2028

The global dyes and pigments market size is expected to reach USD 51.7 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% from 2021 to 2028. The market is projected to witness substantial growth in product consumption on account of high application scope coupled with increasing demand from the textile and paints & coatings application segments. The product demand in the Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The growing construction industry, rapid industrialization & urbanization, and increasing consumer disposable income levels in the emerging economies are the primary factors driving the regional market. Moreover, strong support, various initiatives, and increasing investments by the government are propelling the growth of the construction industry in the region, which, in turn, is anticipated to fuel the product demand.

Increasing utilization of plastics in consumer goods is anticipated to provide a positive scope for market growth over the forecast period. Pigments are added to polymers to obtain the specific colors in plastic products. Its use in plastics depends upon its weatherability and aging, light fastness, warping and nucleation, and transparency. The demand for inorganic pigments is higher than organic in plastics. The organic pigments tend to form clumps owing to their poor dispersion, which further results in spots and specks in the final product. As a result, inorganic pigments are a preferable option as they are easily dispersed. Titanium dioxide is the most commonly used inorganic pigment in the plastics application segment.

Based on product type, reactive and disperse dyes are expected to witness major demand during the projected period. Dyes cover a broad range of applications from textiles to organic LEDs and Liquid Crystal Displays (LCD). Properties, such as enhanced dyeing efficiency, photophysical/photochemical properties, and improved quality to reduce toxicity, are anticipated to propel the growth of reactive and disperse dyes in the next eight years.

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Dyes & Pigments Market Report Highlights

• In terms of revenue, Asia Pacific led the global market in 2020 and is estimated to expand at the fastest CAGR of 5.8% from 2021 to 2028
• Increasing product demand from the end-use industries, such as textiles, paper, paints & coatings, construction, and printing inks, is likely to drive the APAC regional market in the coming years
• Dyes are expected to be the largest as well as the fastest-growing product segment over the forecast period
• The paints & coatings application segment accounted for the largest revenue share of the pigments market in 2020 and is estimated to maintain its dominance over the forecast period
• Rising product demand in various applications, such as automotive and marine, is estimated to support the growth of the paints & coatings segment
• Textiles application segment dominated the dyes market in 2020 with more than 62% revenue share and is expected to continue its dominance throughout the forecast period

Dyes & Pigments Market Segmentation

Grand View Research has segmented the global dyes and pigments market on the basis of product, application, and region:

Dyes & Pigments Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Dyes
• Reactive
• Vat
• Acid
• Direct
• Disperse
• Others
• Pigments
• Organic
• Inorganic

Dyes & Pigments Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Dyes
• Printing Inks
• Textiles
• Paper
• Leather
• Others
• Pigments
• Plastics
• Paints & Coatings
• Construction
• Printing Inks
• Others

Dyes & Pigments Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• India
• China
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Dyes & Pigments Market

• BASF SE
• Clariant AG
• DIC Corp.
• Sudarshan Chemical Industries Ltd.
• Atul Ltd.
• Huntsman Corp.
• Kronos Worldwide Inc.
• Lanxess AG
• Kiri Industries Ltd.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Paint Protection Film Market Growth & Trends

The global paint protection film market size is projected to reach USD 428.09 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% during the forecast period. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs).

On the other hand, ceramic coating technologies are likely to be used as a substitute to these films on account of their superior performance against abrasions and scratches, thus impacting the growth of the market. In addition, frequent discrepancies in raw material pricing as well as declining automotive production in several economies, such as the U.S., Korea, and Japan, are predicted to act as a restraining factor for the market players. However, the rapid growth of other end-use application sectors, such as aerospace & deference and electrical & electronics, is anticipated to provide new opportunities to them.

The global market is highly competitive on account of the easy availability of raw material and the strong presence of several key players with sufficient production capacities. Product sustainability, price, and durability are anticipated to be the key factors impacting the buyers’ decisions. The product is broadly available in retail as well as online platforms. Moreover, its installation necessitates expertise and specially trained employees for optimal results. Therefore, key industry participants are also focusing on after-purchase services. Some players have various established contracts with domestic installers to expand their geographical presence.

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Paint Protection Film Market Report Highlights

• In 2020, automotive & transportation emerged as the largest application segment and accounted for over 72% of the global revenue share, in which a majority of the product demand is attained from the passenger cars segment due to its superior color protection characteristics
• The aerospace & defense application segment is poised to register the fastest CAGR of 7.8% over the forecast period
• The growth of this segment can be attributed to the increasing investments in the aircraft and defense sectors in China, U.S., and India
• In 2020, the electrical & electronics application segment accounted for 4% of the overall market volume
• This share resulted majorly from the demand for electronic gadgets, such as mobiles, laptops, tablets, and phablets, in emerging economies of Asia Pacific and Central & South America
• In 2020, Asia Pacific was the leading regional market, in terms of volume as well as revenue, due to high product demand
• The regional market will expand further at the fastest CAGR from 2021 to 2028 mainly due to a significant rise in automotive sales in emerging economies, such as China, India, Vietnam, Thailand, and South Korea

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Paint Protection Film Market Segmentation

Grand View Research has segmented the global paint protection film market on the basis of application and region:

PPF Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• Automotive & Transportation
• Electrical & Electronics
• Aerospace & Defense
• Others

PPF Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Indonesia
• Thailand
• Malaysia
• Central & South America
• Middle East & Africa

List of Key Players of Paint Protection Film (PPF) Market

• KDX Composite Material
• 3M Company
• Eastman Chemical Company
• Premier Protective Films International
• Renolit
• SWM, Inc.
• XPEL, Inc.
• Avery Dennison Corp.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Automotive Plastics Market Report | Volume Forecast, Revenue Forecast, Competitive Landscape, Growth Factors And Trends

The global automotive plastics market size is anticipated to reach USD 38.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. A rising preference for high-performance plastics to substitute conventional metals and rubber is expected to impel market growth.

The polyurethane product segment is anticipated to witness significant growth over the forecast period owing to its ability to infuse the characteristics of both plastics and rubber at a lower weight compared to metal and other plastic materials. Increasing product demand from the automotive industry for use in refrigeration insulation, interior trims, and seat cushioning is expected to boost product demand over the forecast period.

On the basis of application, the market is segmented into powertrain, electrical components, interior furnishings, exterior furnishings, under the hood, and chassis. Among them, the power train application segment is expected to witness the fastest growth over the forecast period. The rising application of plastics in powertrain engineering is expected to support market growth in the coming years. It helps the manufacturers of vehicles reduce weight and integrate complex parts, which ultimately boosts performance, delivers higher productivity, and cost savings. According to research conducted by E. I. du Pont de Nemours and Company, currently, plastics penetration stands at 110-120 kilograms per car depending on the engine size and region, while manufacturers are still exploring other new opportunities for the usage of plastics.

In Asia Pacific, the market is expected to witness the fastest CAGR during the forecast period. The growing automotive industry coupled with the rising population and increasing disposable income of middle-class families in the emerging economies of the region is likely to be the primary driving factor in coming years. Moreover, strong government support and initiatives and increasing investment by the government is also propelling the growth of the automotive industry in the region, which, in turn, is anticipated to fuel demand for the product in the region.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

Automotive Plastics Market Report Highlights

• In North America, the market was valued at USD 4.8 billion in 2020 and is estimated to witness a CAGR of 3.4% from 2021 to 2028. Increasing integration of in-car entertainment and communication systems, engine electronics, advanced safety, and advanced driver-assistance systems are boosting the demand for electrical components application, which, in turn, is fueling the growth of the market in North America
• The polypropylene segment accounted for the largest revenue share of more than 32.0% in 2020 and is estimated to maintain its dominance over the forecast period owing to rising demand for lightweight automobile parts
• The interior furnishings segment is expected to be the largest application segment over the forecast period owing to rising product usage for interior furnishings in automobiles including body and light panels, seat covers, steering wheels, and fascia systems
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in May 2019, Covestro AG announced its plan to expand the production capacity of polycarbonate films at its Dormagen site in Germany. The site, which is expected to come on-stream by the end of 2020, will manufacture PC films for applications such as automotive interiors, security cards, medical devices, and automotive displays

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Automotive Plastics Market Segmentation

Grand View Research has segmented the global automotive plastics market on the basis of product, process, application, and region:

Automotive Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• PP LGF 20
• PP LGF 30
• PP LGF 30Y
• Others
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polycarbonate (PC)
• Polymethyl Methacrylate (PMMA)
• Polyamide (PA)
• Others

Automotive Plastic Process Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Injection Molding
• Blow Molding
• Thermoforming
• Others

Automotive Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Powertrain
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyurethane (PU)
• Acrylonitrile Butadiene Styrene (ABS)
• Polycarbonate (PC)
• Polyamide (PA)
• Others
• Electrical Components
• Polyamide (PA)
• Polypropylene (PP)
• Polymethyl Methacrylate (PMMA)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• Others
• Interior Furnishings
• Polyurethane (PU)
• Polypropylene (PP)
• Polymethyl Methacrylate (PMMA)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• Exterior Furnishings
• Polypropylene (PP)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• Polyurethane (PU)
• Polyamide (PA)
• Under the Hood
• Polyethylene (PE)
• Polypropylene (PP)
• Polyamide (PA)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyurethane (PU)
• Chassis
• Polyethylene (PE)
• Polypropylene (PP)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polyurethane (PU)
• Others

Automotive Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Southeast Asia
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Automotive Plastics Market

• BASF SE
• SABIC
• Dow Inc.
• AkzoNobel N.V.
• Covestro AG
• Evonik Industries AG
• Borealis AG
• Royal DSM N.V.
• Magna International, Inc.
• Teijin Limited

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Bakery Processing Equipment Market Growth & Trends

The global bakery processing equipment market size is expected to reach USD 20.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.

The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.

The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.

Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.

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Bakery Processing Equipment Market Report Highlights

• By equipment, mixers and blenders accounted for the second-largest share in 2020 as they are used to improve the production line, increase efficiency, and quickly mix raw materials to produce large quantities of pastries, bread, and other baked goods
• The cakes and pastries application segment accounted for the second-largest share in 2020 owing to the rising disposable income, globalization, and inclination toward western-style diets in Asian countries
• Asia Pacific is likely to expand at the fastest CAGR from 2021 to 2028 owing to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and adoption of automated technology
• The growing domestic consumption of various processed food products, such as potato chips, sausages, and bread, in the emerging economies of Asia Pacific and the Middle East owing to the expansion of retail food outlets is expected to stimulate the product demand

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Bakery Processing Equipment Market Segmentation

Grand View Research has segmented the global bakery processing equipment market on the basis of equipment, application, and region:

Bakery Processing Equipment Outlook (Revenue, USD Million, 2017 - 2028)

• Mixer & Blenders
• Dividers & Rounders
• Molders & Sheeters
• Oven & Proofers
• Others

Bakery Processing Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)

• Bread
• Cakes & Pastries
• Cookies & Biscuits
• Pizza Crusts
• Others

Bakery Processing Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Asia Pacific
• China
• India
• Australia
• Japan
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Bakery Processing Equipment Market

• Ali Group S.r.l.
• Baker Perkins Limited
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Corporation.
• JBT Corporation
• Anko Food Machine Co., Ltd.
• Markel Food Group
• Koenig Maschinen GmbH
• Heat & Control, Inc.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com