Sunday, 23 September 2018

Citric Acid Market Trends, Demand And Growth Outlook 2025

Citric acid is a weak organic acid predominantly used in food, beverages, cosmetics, pharmaceutical, and chemical applications. Citric acid is a natural preservative, chelating agent, flavoring agent, and acidulant. Naturally citrus acid occurs in citrus fruits such as grapes, oranges, and lemons. Industrial production of citric acid is carried out by fermentation of A. Niger. Citric acid is among the most widely used food additive worldwide and is approved as Generally Recognized As Safe (GRAS) by the U.S. Food and Drugs Administration.
Food and beverages segment held a market share of around 73% in the global citric acid market. Carbonated soft drinks accounted for major share in food and beverage segment. The pharmaceutical industry utilizes citric acid as an excipient due to its anti-oxidant properties. Citric acid also being a chelating agent is used in detergents and soaps. It is used in home care materials and is also utilized for regeneration of ion exchange materials in water softeners.
Market Dynamics
Increasing adoption of citric acid by food industry has contributed to its market growth. The food industry utilizes citric acid for fermenting, catalyzing, preserving, and flavoring. The use of citric acid in food & beverages increases the shelf life of products by creating an acidic environment, which is non-conducive for microorganism survival.
Utilization of lactic acid as a substitute for citric acid is expected to hinder growth of the citric acid market. Lactic acid is also used as a food preservative, curing agent, and flavoring agent. Moreover, concerns regarding using Genetically Modified Organism (GMO) sources for sucrose and glucose, which is used in the citric acid manufacturing process may restrain growth of the citric acid market.
Market Outlook
Europe held the dominant position in for citric acid market in 2017. The region is expected to account for around 28% of the global citric acid demand. This is largely due to the thriving food & beverage industry in the region. According to European Union statistics, the food industry in European Union was valued at US$ 1.08 trillion in 2014. The region also had a trade surplus of around US$ 35 billion due to the food & beverages industry
Asia Pacific is projected to be the fastest growing region in citric acid market due to the fast growing food & beverages industry in the region. According to Indian Brand Equity Foundation (IBEF), India’s was the sixth largest food & beverage industry in the world. China was the largest producer of citric acid in 2016, and it is projected to maintain its dominance in terms of production over the forecast period. According to UN Comtrade statistics, China held a share of around 48% in world exports of citric acid. India, Japan, and European Union were among the major importers of citric acid from China. Players based in China are focused on geographic expansion. Anhui BBCA Biochemical Co., Ltd in 2014, commissioned a 60,000 ton/year plant in Hungary. The plant will serve the food processing industries in Central and Western Europe.
Key Market Players
Market players have responded to the steadily increasing market demand for citric acid by capacity expansions. Jungbunzlauer Suisse AG in 2018, announced the plans for a new citric acid manufacturing facility in Austria. Companies in China, which is projected to be among the fastest growing countries in the citric acid market have announced expansion to existing capacities. For instance, RZBC Group Co. Ltd. completed its capacity expansion in 2014. The total capacity of the company reached 250,000 mt/year, equivalent to 23% of the total capacity for citric acid in China.
Major players operating in the global citric acid market include Tate & Lyle plc, Jungbunzlauer Suisse AG, Cargill Inc., Archer Daniel Midlands Company, Anhui BBCA Biochemical Co. Ltd., Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co.Ltd., and RZBC Group Co., Ltd.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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Friday, 21 September 2018

Household Cleaners Market Analysis and Growth Outlook 2025

Global Household Cleaners Market Outlook:
North America accounted for 30% of the global household cleaners market followed by Europe in 2016. These products have been already adopted for very long time in these developed markets as a result of existing awareness and importance of cleaners. Similarly, high standard of sustainable living lifestyle also appertains to maturity of these markets. However, increasing regulation on use of chemical cleaners has led to minimal growth in both of the regions. Occupational Safety and Health Administration (OSHA) revised its regulations by GHS (HazCom 2012), which will govern labelling of products. According to OSHA, products labelling must have brand name, hazard statement, precautionary statement, and pictogram. This is expected to lead to declining popularity of these cleaners among consumers, owing to increasing awareness regarding harmful chemicals used in them.
Enhanced sanitation standards in emerging countries of Asia Pacific is expected to lead to increasing demand for household cleaners. According to country statistics available in JMP database of 2010, there has been a proportional increase of 20% in people of East Asia, who have improved sanitation from 1998 to 2008. Therefore, Asia Pacific market is expected to exhibit high growth over the forecast period.
According to Coherent Market Insights’ analysis, the market in China is expected to exhibit 5% CAGR over the forecast period (2017–2025).According to World Vision Data of 2010, emerging countries such as India, Vietnam, Pakistan, and Nepal are expected to witness growth, as over 2.6 million people lack proper sanitation, therefore demand for these is high in these countries.
According to Coherent Market Insights, specialty household cleaners segment is expected to exhibit a CAGR of 6.9% in the U.S. Increasing demand for chemical-free solution and development of eco-friendly cleaners has boosted demand for specialty cleaners. For instance, Resolution, a U.S.-based company launched ResGel in 2017, which is a non-toxic cleaning solution and is free of volatile organic compounds.
Key players in the market are focusing on increasing their product portfolios through acquisition strategy and to maintain their positions in the competitive market. For instance, SC Johnson, a U.S-based company that manufactures household cleaning products acquired Method and Ecover brands from People Against Dirty in September 2017.The objective of the company was to enhance its product portfolio.
These cleaners are formulated with synthetic fiber materials, plastics, and an array of chemical ingredient ranging from solvents, petrochemicals to surfactants. According to Environmental Protection Agency (EPA), 62 chemicals found in these household cleaners are toxic and are unsafe to use. According to EPA, chemicals such as phthalates, perchloroethylene (PERC), triclosan, Quarternary ammonium compounds (QUATS), 2-Butoxyethanol, Ammonia, Chlorine, and Sodium hydroxide are commonly used in cleaners and are potential skin-irritant and can cause sore throat or asthma. Moreover, the artificial fragrances that are added in these cleaners can also cause headache, irritation in eyes, respiratory irritation, and others. As per data released by National Institute of Occupational Health, 2012, that one-third of these fragrances are deemed to be toxic. These are the major factors expected to hinder growth of the market. Owing to these above mentioned factors, consumers have started adopting natural home-made solutions made from baking soda, vinegar, citric acid, and essentials oils.
To get detailed table of content (ToC) @ https://www.coherentmarketinsights.com/ongoing-insight/toc/1311
Global Household Cleaners Market Taxonomy:
By Product Type:
All-Purpose Cleaning, Powders, Liquids, Scouring Pads, Non-Abrasive Cleaners, Specialty Cleaners, Kitchen, Bathroom, Glass and Metal Cleaners, Floor and Furniture Cleaner,Others
By Distribution Channel: Supermarkets,Hypermarkets,Specialty Stores,Convenience Stores,Online Stores,Others
Global players in the household cleaners market include Godrej Consumer Products, S.C. Johnson & Son Inc., Henkel AG & Company KGaA, The Clorox Company Reckitt Benckiser Group plc, Kao Corporation, Bombril S.A, Colgate-Palmolive, McBride Church & Dwight Co. Inc. Unilever, Procter & Gamble, and Seventh Generation.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
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Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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Thursday, 20 September 2018

Confectionery Packaging Market Outlook, and Opportunity Analysis, 2018 – 2025

Packaging plays an important role in preserving the quality of food products by protecting them from environmental, chemical, and physical damages. Packaging saves the product from various damages such as breakage, providing barriers to oxygen, moisture and other gases. It also helps in preserving the flavor and aroma of the products. Packaging helps to block the sunlight and protect food from radiation in order to preserve color and nutrients of the product. In ancient past, leaves, gourd and animal skin were used to pack the food products in order to save them from any damages. Although paper is used as a packaging material in food sector, after invention of plastic packaging, manufacturers are using plastic as material to pack food and beverages products.
Market Dynamics
Packaging in confectionery is used to protect the product and simplify the transportation, which is driving global confectionery packaging market growth. Confectionery packaging offers various advantages such as health and sanitation standards, helps in product differentiation, and provide convenience at self-service stores, and vending machines. Development of many products in the confectionery industry has boosted the growth of the packaging industry. Packaging not only provides protection to the product but also gives out the nutritional and brand information to the consumers. Flexible packaging is gaining significant traction in the market, as it can be reused.
Innovation of new materials to be used in packaging of products and change in consumer’s preference for packed food is expected to drive growth of the global confectionery packaging market. Increasing inclination of consumer’s towards packaged goods due to modernization is fueling market growth. Manufacturers are introducing innovative packaging to attract customers of 2-12 year age group.
However, consumer should take measures before disposing the plastic waste, as plastic is non-degradable packaging material. Plastic packaging is not suitable for breakable consumer goods. Disadvantages which are affecting the growth of the market such as aluminum takes high amount of energy to produce, glass containers are heavy during transport and breakage of glass material by internal or external force.
Market Outlook
Among the material type, paper and board segment accounted for the highest market share in the confectionery packaging market in 2017. Paper was the first material to be used in packaging of products in packaging industry. Paper and board are the degradable materials and they do not have any harmful effects after disposal. Majority of the bakery and confectionery companies prefer this type of raw material due to its advantages.
Among packaging type, rigid packaging segment dominated in the market in 2017, as master cartons are used to protect the products from any exterior jerk or pressure. Master carton is easy to store, handle, and transport. The segment is projected to have dominant position in the market over the forecast period.
North America held highest market share in the global confectionery packaging market in 2017. The region is projected to maintain its dominance over the forecast period, owing development of confectionery products and increasing demand for premium chocolate products. According to a statistics by Swiss Federal Customs Office, United States of America is one of the five top importer of Swiss chocolates in 2016.
Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as increasing demand for chocolate products and increase in production and grinding of cocoa beans. The Cocoa Association of Asia published an increase of 15.24% to 185,394 tons of grinding cocoa beans year-on-year from 2016 to 2017. This rise in grinding of cocoa beans will create the opportunity for the manufacturers. Asia pacific has demographic advantage by having a large number of young population. According to a report published by United Nations (UN) in 2018, Asia Pacific has world’s 60% youth population equals to 750 million.
Key Players in Global Confectionery Packaging Market
Key players operating in the global confectionery packaging market include Bemis Company Inc., Sonoco Products Company, WestRock Company, Printpack Inc., International Paper Company, Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Crown Holdings, Inc., and Berry Global, Inc.
Key market players are launching new types of confectionery packaging in order to differentiate their products. In March 2018, Nestle UK launched Kit Kat senses with a new design of packaging in which chocolate in packed in small monocarton box.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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Fire Trucks Market Growth, Demand, Analysis, Overview, and Forecast Research Report to 2025

A fire truck is a vehicle designed to carry firefighters to the site of accident with a limited supply of water that will be utilized to extinguish fire, some tools, equipment, and hoses that will be required by the firefighters. The tools and equipment carried by the truck will widely differ depending on the size of department and the type of location they will be handling.
Factors Driving Growth of the Global Fire Truck Market
Fire trucks are more often employed in firefighting operations in urban and suburban regions. There has been a significant increase in commercial and residential infrastructure, especially in the urban and suburban areas, pertaining to increasing population shift in the urban regions. For instance, according to a report, ‘World’s Cities’ by the United Nations in 2016, an estimated 54.5% of the world’s population resided in cities and is expected to reach 60% by 2030. In order to accommodate such huge masses, the urban infrastructure sector is adopting multi-storey building solutions for residential as well as commercial purposes.
To ensure safety for people residing in multi-storey buildings, more efficient and organized systems such as Fire Alarm System, Fire Sprinkler System, and Carbon Monoxide Detection need to be adopted. To deal with fire incidents in cities, fire trucks are a prime necessity. Modern firefighting trunks carry equipment for wide range of firefighting and rescue operations, which include ladder, self-contained breathing apparatus, flood lights, fire hose, fire extinguishers, thermal imaging cameras, ventilating equipment, first aid kit, and hydraulic tools. All these equipment provide efficient assistance to fight in fire situations and rescue lives trapped inside the affected building. For instance, according to National Fire Association, in 2016, there were 475,500 structure fires reported in the U.S., in which 2,950 civilian died. Hence, rise in urbanization will require increased number of firefighting units in order to deal with fire situations in densely populated cities. This in turn will create growth opportunities for fire truck manufacturers.
Fire Truck Market: Regional Insight
The market segmentation for fire trucks is based on regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
North America was the largest market for fire trucks in 2017. Increasing fire incidence in North America is one of the major driving factors leading to high demand for fire trucks. For instance, according to National Fire Association, in 2016, there were 1,342,000 fires reported in the U.S. in which 3,390 civilian died, 14,650 civilian were injured, and US$ 10.6 billion valued property was damaged. Moreover, high percentage of population living in urban areas have also accelerated the market growth in North America. For instance, according to Population Reference Bureau, in 2017, 81 % of North America total population lived in urban areas.   With rising urbanization there will be high demand for fire stations to ensure that in times of fire incidents, help is delivered on time. Hence, with such high urban population, demand for fire trucks will also simultaneously increase.
Asia Pacific is expected to exhibit the highest CAGR in the fire truck market during the forecast period. India, China, and Japan are some of the major countries, which will drive growth of the market in this region. Increasing urban population in Asia Pacific plays a major role for growth of the market in this region. For instance, according to Population Reference Bureau, it is estimated that 49% of the total Asian population will live in urban areas by 2018. Similarly by 2018, 59% of the total population in China will live in urban areas and 34% of the total population in India will live in urban areas. Hence, this increasing population parallels demand for residential and commercial construction, which also accelerates growth of the market of fire truck in this region. Moreover, increasing government investment for development of smart city plays a major role for growth of the market in this region. For instance, according to the Indian government Union Budget 2018-19, the government selected 99 cities under the smart city mission and will provide a fund of US$ 3.1billion for the development of these cities. Furthermore, according to Coherent Market Insights, it is estimated that India needs to build 31,000 new houses per day to fulfil the need of growing urban population during the period of 2015–2030. Hence, increasing residential construction is expected to increase demand for fire safety tools, which in turn will boost the fire trucks market growth.
Fire Truck Market: Competitive Insight
Some of the key players operating in the fire truck market are W.S. Darley & Co., Oshkosh Corporation, Ziegler Firefighting, Magirus GmbH (CNH Industrial Group), Rosenbauer International AG, Gimaex GmbH, Morita Holdings Corporation, E-one, HME Incorporated, and Smeal Fire Apparatus.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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Tuesday, 18 September 2018

Green UPS Market Technological Advancements & Competitive Insights to 2026

Green UPS (Uninterrupted Power Supply) is an electrical device, which provides power supply to loads when power supply from the main station fails. It helps in conserving energy and reducing the carbon footprint. A single green UPS system can reduce carbon footprint by 3,152 pounds and conserve 2,352 kilowatt-hours of electricity, which is enough to power a compact fluorescent light bulb for 20 years.
Increasing demand for uninterrupted power supply
Restriction of hazardous substance (ROHS) directive adopted by the EU in February 2003 put forth restrictions on the use of certain hazardous chemicals/substances for the manufacturing of electrical or electronic products. The green UPS comply with the directive and is eco-friendly, as they do not involve the use of hazardous chemicals/substances during its manufacture. Most of the conventional power supply systems cause harmonic pollution. Harmonic pollution in power systems is caused due to increased heating of the equipment and conductors as well as misfiring (absence or fault in one of the four components which initiate ignition, namely – proper air-fuel mixture, good compression, proper timing, and correct spark) in variable speed drives, which results in the wastage of power. Moreover, green UPS reduces power wastage caused by harmonic pollution.
Increasing IT sector and number of data centers in the last decade across the globe is driving growth of the green UPS market. For instance, according to a report published by the Department of Commerce of Washington State in January 2018, in 2017, the number of data centers across the globe totaled 8.6 million. IT sector and data centers use green UPS to provide continuous power supply to protect operational data, IT equipment, and to keep cooling systems of equipment, which can be lost due to interrupted power supply. Furthermore, green UPS provides faster speed while switching up (switching between power supply sources from the grid to the UPS and vice-versa) and provides security, which is very useful in protecting computer, electronics and telecommunication equipment from downtime, damage, and data loss, which is caused by interrupted power supply.
Rising urbanization across the globe leading to increasing demand for continuous power supply and growing power deficit resulting in interrupted power supply is driving growth of the green UPS market. Rising standard of living and increasing disposable income also drives the market growth. For instance, according to the report by Bureau of Economic Analysis (BEA), disposable personal income (DPI) in the U.S. increased by US$ 39.8 billion (0.3 %) in April 2018, as compared to 2017. Green UPS reduces operational cost and requires low maintenance cost. Moreover, it requires low power consumption while charging, as compared to conventional UPS system.
Lack of awareness regarding the advantages of green UPS is hampering growth of the market
Lack of awareness regarding usage of green UPS is a major factor hindering growth of the green UPS market. Moreover, strict rules and regulations regarding manufacturing of green UPS and the raw materials that can be used are other factors hindering growth of the green UPS market.
Global Green UPS Market: Regional Analysis
North America and Europe have the largest market share with respect to the usage of green UPS. North America has been witnessing growth in the green UPS market over the years, owing to the presence of large number of data centers and impending plans to build new ones in the future, as more and more enterprises are migrating from housing their data centers in-house to outsourcing their data storage to service providers such as Google and Oracle who have their own data centers across the globe.
Asia Pacific is expected to show growth in the green UPS market. This is due to the fact that economies in Asia Pacific such as India and China, where consumers are concerned towards adopting eco-friendly energy saving products in addition to government initiatives (such as subsidies for purchasing and installing such services) are encouraging the use of such products. Furthermore, government supported initiatives such as ‘Make in India’ and ‘Digital India’ are also helping in growth of the green UPS market, owing to increasing manufacturing of electronics and electrical hardware and increasing use of electronics. For instance, according to a report by the Ministry of Electronics and Information Technology (MEITY), in India, the demand for electronics is projected to increase from about US$ 45 billion in 2009 to US$ 400 billion by 2020. The Government of India is also taking initiatives to move all of its Government Services to the cloud and this is expected to increase the need of a robust IT network involving data centers. For instance, in an effort to stabilize the digital ecosystem of the country and keeping in mind, India’s emergence as a biggest consumer of data, the Government of India in association with the National informatics Center (NIC) announced in June 2018 that it was setting up the country’s fifth and the largest data center in Bhopal, the capital of Madhya Pradesh. Such initiatives are expected to boost growth of the green UPS market.
Global Green UPS Market: Competitive Landscape
Key players operating in the green UPS market include Cyber Power Systems Inc., Emerson Network Power Inc., Eaton Corporation PLC, Falcon Electric Co., General Electric Co., Numeric Power Systems, Rittal Corporation, Smart Power Systems, Socomec, Tech Data Corporation, and Tripp Lite.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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Baijiu Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Baijiu is a popular and traditional fermented alcoholic drink consumed in China. It is a clear and transparent drink named after the Chinese word ‘bai’, which means white. The production of baijiu involves preparation, daqu making, alcoholic fermentation, distillation, and aging. Sorghum is the main raw material used in the production of baijiu. Baijiu is different from other liquor because it is contained in mud pit or clay vessel unlike whisky which are contained in wooden barrels during the process of sugar conversion and fermentation.
Market Dynamics
Increasing preference of baijiu among the populace and rising disposable income of consumers are key factors driving the global baijiu market growth. The drink can be stored for longer duration without any change in taste. Although, sorghum is a popular ingredient used to produce baijiu, other ingredients such as wheat, barley, rice, millet, and corn can also be used. Consumption of small amount of baijiu reduces the risk of Alzheimer’s disease, reduces the uric acid concentration in serum, helps to improves serum lipid profiles, decreases platelet aggregation, and reduces the risk of cardiovascular diseases. According to a report by the U.S. Department of Agriculture (USDA), China Alcoholic Drinks Association stated that consumption of baijiu in 2017 grew at the rate of 9% from 2016.
Furthermore, increase in production of wheat and maize is expected to boost the supply of raw materials for production of baijiu and helps in growth of the global baijiu market. According to a statistics of Food and Agricultural Organization (FAO), the global production of maize was 1,060 million tons in 2016 and grew at the rate of 4.9% from 2015. Moreover, the global production of wheat was 749 million tons in 2016 and grew at the rate of 1.7% from 2015.
However, baijiu contains high volume of alcohol (up to 65%) and its excessive consumption may lead to damage of liver and pancreas, experience of numbness, and affect the immune and digestive systems.
Market Outlook
Among the crop type, sorghum cereal segment accounted for the highest market share in the global baijiu market in 2017. This is owing to high preference of sorghum as a raw material due to its distinct flavor compared to other ingredients used to manufacture baijiu.
Among the type of flavor, strong-flavor segment held dominant position in the market in 2017. This is owing to characteristics such as fragrant flavor, soft mouth feel, and aftertaste of strong-flavor baijiu. The segment is projected to hold dominant position in the market over the forecast period.
Among region, Asia Pacific held highest market share in the global baijiu market in 2017. The region is projected to maintain its dominance over the forecast period as China is the largest producer and consumer of baijiu in the world. According to a report of the U.S. Department of Agriculture (USDA) in May 2018, consumption of baijiu in China is expected to grow at 12% rate in 2018. China consumed 12 billion liter of baijiu in 2017.
Since consumption of baijiu is 99% in China and rest 1% is consumed in different parts of the world. In 2017, Kweichow Moutai Co. Ltd unveiled that the company has signed a MoU with San Francisco’s Mayor to expand the consumption of baijiu in America and the company will also export baijiu in 100 other nations.
Key players in Global Baijiu Market
Key players operating in the global baijiu market include, Jiangsu Yanghe Distillery Co., Ltd, Net Company Inc., Brunsonnet Hubei Daohuaxiang Wine Co., Ltd., Kweichow Moutai Co., Ltd, Wuliangye Group, Beijing Shunxin Holding Group, Anhui Yingjia Group, Gujing Group Co., Ltd, Luzhou Laojiao Co., Ltd, Shaanxi Xifeng Liquor Co., Ltd., and Sichuan Langjiu Group.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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Monday, 17 September 2018

Phenoxy Resins Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

Phenoxy resins are amorphous thermoplastic polymers and thermosetting resins. These polymers have terminal hydroxyl groups as well as hydroxyl groups in every repeat unit and thus can be classified as polyhydroxyethers. They are derived from Bisphenol A and Epichlorohydrin. Phenoxy resins offer excellent mechanical properties such as hardness, tough flexibility, abrasion resistance, impact resistance, chemical resistance, heat resistance, vapor barrier and compatibility. They are soluble in a variety of materials including ketones, glycol ethers, and esters. They have excellent vapor barrier properties and are safe to use for direct and indirect food and beverage container coatings. They are cured by reactions with polyisocyanates, anhydrides or other crosslinking agents. In general phenoxy resins are transparent with good dimensional stability.
Structurally, phenoxy resin is a polyhydroxyether with terminal alpha-glycol groups. Their weight-average molecular weight ranges from approximately 25,000 to above 60,000 and the highest polymeric species exceed 250,000 daltons in molecular weight.
Waterborne phenoxy resins are colloidal dispersions. Phenoxy resins favor polar, aprotic-type solvents in solvent-borne applications, although incorporation into formulations having hydrocarbon or aromatic solvents is quite possible when sufficient polar solvents are used. They are availabe in solid and liquid forms in combinations with other polymers. For instance, Inchem Corporation’s product range includes over two dozen forms of phenoxy resins and related compounds including, standard solid grades in pellet and powder form, solvent solution grades and waterborne colloidal dispersions, Phenoxy-polyester hybrids epoxy-phenoxy hybrids, caprolactone-modified phenoxy, epoxy resin solutions, and crosslinkers. Phenoxy resins are often combined with epoxies, polyethers, and polyesters and provide user-friendly hybrids for formulation latitude and novel properties.
Standard solid grade phenoxy resins are used for wire coatings, PCB coatings, can and coil coating, metal primers, wood coating, glass coating. Compatibilizers, structural adhesives, kitchen cabinets, cast elastomers also uses phenoxy resins. Phenoxy resins are used or protective coatings in flexible and rigid food packaging.
Market Dynamics
Increasing demand for phenoxy resin from end-use industries is major factor driving growth of the global phenoxy resins market, owing to compatibility of phenoxy resin with several polymers. Moreover, these resins are efficient flexibilizers for cross-linked phenolic and epoxy formulations used in adhesives, coatings, and composites. Composite industry is rising due to end use applications and is used in automotive and electronics sector. According to Federation of Reinforced Plastics, compared to 2015, a growth of 8.76% was observed in 2016 in global demand for carbon fiber composites.
However, the volatility in raw material prices is a major factor restraining growth of the global phenoxy resins market. Prices of raw materials of phenoxy resins i.e. Bisphenol A and epichlorohydrin fluctuate due to supply and demand imbalance.
Market Outlook
According to the Coherent Market Insights’ analysis, Asia Pacific held dominant position in the market in 2017 and is projected to maintain its dominance throughout the forecast period. This is owing to increasing demand for adhesives and coatings in automotive and electronics industry. Moreover, phenoxy resin products are widely used as modifiers to other chemistries and utility as the sole resinous vehicles in coatings, adhesives, and others. According to American Coatings Association, automotive refinish coatings is the largest sub-segment of special purpose coatings, with a value of $2 billion in 2014.
Among applications, the coatings segment is projected to gain major traction over the forecast period, owing to increasing application of coating in marine, metal, and automotive industry. According to American Coatings Association, marine paints, including both original equipment manufacturer (OEM) and refinish applications, had a value of $400 million in 2014.
Key players in Global Phenoxy Resins Market
Key players operating in the global phenoxy resins market include, Mitsubishi Chemical, Gabriel Performance Products, LLC, DIC Corporation, Kukdo Chemical, Georgia-Pacific (GP) Chemicals, SHIN-A T&C Co., Ltd., and Nan Ya Epoxy.
Manufacturers are focused on expanding the production capacities and acquiring new compnanies as a part of strategic planning to extend their markrt share. For instance, on January 2014, Gabriel Performance Products, LLC, a U.S.-based specialty chemicals company, announced the acquisition of InChem Corporation’s proprietary Phenoxy Resin business.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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