LEED in Motion reports, Places
and Policies and Impacts and
Innovation, later this year.
TMR Analyzes Current
Market Trends of Vinyl
Chloride Monomer
Transparency Market Research (TMR)
has published a report on the vinyl chloride monomer (VCM) market. VCM is a
vital part of petrochemical industry and
is mainly used for producing poly vinyl
chloride (PVC), which is used in the construction and piping industry. It is also
used in electrical, agriculturalvand heath
care sectors. Other minor uses of VCM
include manufacture of ethylene diamine
for the production of resins and manufacture of chlorinated solvents. VCM is produced by hydro-chlorination of acetylene
and the de-hydro-chlorination of ethylene dichloride. This process is polluting
the environment and is highly energy
consuming but the low cost of coal fields
gives an advantage to China.
The global VCM market is expected
to grow at a moderate rate with a single
digit compounded annual growth rate
(CAGR). Asia is the largest consumer of
VCM, contributing more than 50 percent
of the total VCM consumption, followed
by North America and Europe. The high
demand for PVC is the major driving
force for the VCM industry. Almost all the
VCM produced globally is used for PVC
production. The United States is the largest manufacturer of VCM owing to lower
prices of feedstock and technological
development, followed by China. VCM
growth in developing countries is higher
than developed countries as demand for
PVC production is higher due to booming infrastructure in these countries.
Substitution of PVC by traditional
materials is the key driving force for the
VCM industry. But lack of diversifica-
tion in end-use industries and environ-
mental and health issues will hinder the
growth of industry in the near future.
Technological development can overcome
this barrier and many players in the mar-
ket have already started taking initiatives
in this regard. Other challenges faced by
industry are volatility of feedstock prices
and competition from other polyolefin’s
hampering the VCMs capacity addition.
VCM market is highly consolidated as
top five companies contribute more than
half of the total VCM production. Some
of the leading participants in the VCM
industry include Occidental Chemical
Corporation, Dow Chemicals, and
Georgia Gulf Corporation.
Emulsion Paints are Fastest
Growing Deco Paint Market
Segment in India
The Indian paint industry has witnessed
enormous growth over the past few years
with rapid urbanization, revival of the
economy and increase in the disposable
incomes. This has put the paint market,
specifically decorative paint market, on
a growth trajectory. Under the decorative paint market, emulsion paints are
the fastest growing segment. According
to the latest report by RNCOS “Booming
Paint Industry in India” emulsion paints
are becoming popular among the masses
as they are less toxic than most oil-based
paints, with no profound odor and release less number of VOCs.
Increasing penetration of emulsions
in the market have also been supported
by the efforts on the part of the paint
manufacturers to provide varying degrees
of shine in emulsions ranging from matt
and eggshell to gloss and luxurious silk
effects. Moreover, manufacturers have
also forayed into providing a wide choice
to customers with introduction of plastic, acrylic and textured emulsions, each
having their unique properties to lure the
customers.
The report has provided an insight
on the paint market by dividing the mar-
ket into decorative and industrial paints,
with market forecasts until FY 2015-16
for various components along with their
segments. Further, the components of the
decorative market have been divided into
various sub-segments. The report has
also provided a detailed overview of the
raw materials and the trade scenario in
the paint market. In addition, macroeco-
nomic indicators and trends affecting the
industry have been identified to give a
clearer picture of the industry. Profiling
of major players in the paint market has
also been provided with an emphasis on
their product portfolio, key financials
and industrial activities, in order to track
the transformations happening in the
industry.
TMR Analyzes Key Acrylic
Acid Products in its Latest
Report
Transparency Market Research (TMR)
has released a report on acrylic acid.
Acrylic acid is a colorless organic compound derived by the oxidation of propylene. It is the simplest carboxylic acid
that exists in a polymerized form and has
a pungent odor and corrosive properties.
The growing demand for materials with
high tensile strength and thermal resistance from the surface coatings industry has triggered the demand for acrylic
acid across the world. In 2011, surface
coatings market was the largest outlet
for acrylic acid, which accounted for approximately half of the total acrylic acid
consumed globally. This report analyzes,
estimates and forecasts the global acrylic
acid demand in terms of volume (kilo
tons) and revenue (USD million) from
2010 to 2018. The report analyzes various factors driving and restraining global
demand along with analyzing the impact
of these factors over the forecast period.
The study provides a comprehensive
view of the acrylic acid industry, by segmenting and analyzing key acrylic acid
products, namely acrylate esters, glacial
acrylic acid, others such as ammonium
poly acrylate and cyanopoly acrylate.
Each of these segments have been analyzed and market data provided for the
period from 2010 to 2018, both in terms
of volume (kilo tons) and revenue (USD
million). The demand for each acrylic acid
product mentioned above is analyzed on
the basis of application and geography
(North America, Europe, Asia Pacific and
Rest of the World). The report analyzes
these acrylic acid products in terms of
their potential of becoming an attractive
market by using the market attractiveness
analysis tool.
This study includes extensive competitive landscape, starting from market
share of the global acrylic acid players to
company profiles of major participants
operating in the global market. CW
