Ceramic Coatings Market Value
Estimated to Reach $9.41 Billion by 2019
The report, “Ceramic Coatings Market
by Technology (Thermal Spray, PVD,
CVD, Others), by Type (Oxide, Carbide,
Nitride - Coatings) and by Application
(Transportation & Automotive, Energy,
Aerospace & Defense, Healthcare) -
Global Trends & Forecast to 2019” by
MarketsandMarkets defines and segments the global ceramic coatings market
with an analysis and forecast for technology, types, and applications by volume as
well value.
North America, Europe, and Asia-Pacific dominated the ceramic coatings
market in 2013 and accounted for over
90 percent of the market. The developed
regions dominate the ceramic coatings
market. Country-wise, U.S. is the top
most consumer of ceramic coating globally and is also its largest market for growing at a CAGR of 6.63 percent in terms
of value till 2019. On the other hand,
Rest of the world including Middle East,
Africa, and South America is expected to
witness the fastest growth rate by 2019.
High performance ceramic coatings are
widely preferred nowadays by many
manufacturers and include, aerospace,
automotive, healthcare, energy, defense,
automotive, fiber-optic communications
and environmental protection sectors.
While thermal spray take topmost
positions in the ceramic coatings market
with more than 64 percent share by value; the ceramic coatings market is expected to witness fastest growth coming from
Nitride coatings used in numerous industrial applications which will continue to
expand in the coming years. Oxide coatings dominate the ceramic coating market
by type in terms of volume and value.
Global Acrylic Acid Market
is Estimated to Reach
$22.78 B by 2020
The global market for acrylic acid is ex-
pected to reach $22.78 billion by 2020,
according to a new study by Grand View
Research, Inc. Increasing adoption of
super absorbent polymers in emerging
economies such as India, China and Brazil
is expected to be a key driver for the mar-
ket over the forecast period. In addition,
the growing demand for high strength
materials with superior thermal resis-
tance from the surface coating market
is expected to boost demand for acrylic
acid over the next six years. Volatile raw
material prices and strict regulatory sce-
nario in North America and Europe are
expected to be key challenges for market
participants. Consequently, companies
have been working on the development
of bio-based acrylic acid to overcome the
above mentioned restraints.
Acrylate ester was the largest product
segment for the market accounting for
2,864.5 kilo tons of demand in 2013.
These products are extensively used in
applications such as surface coating, adhesive and sealants, textiles, printing inks
and plastic additives.
Further key findings from the study
suggest:
Global acrylic acid demand was
5,584.2 kilo tons in 2013 and is expected
to reach 8,031.1 kilo tons by 2020, grow-
ing at a CAGR of 5. 4 percent from 2014
to 2020.
Asia Pacific was the largest regional
market for acrylic acid with demand exceeding 2,500.0 kilo tons in 2013. In addition, Asia Pacific is expected to witness
fastest growth in demand at an estimated
CAGR of 6. 3 percent from 2014 to 2020,
owing to the increasing demand for super absorbent polymers in personal care
products and presence of large acrylic adhesive industry.
Glacial acrylic acid was the second
largest acrylic acid product, with revenue
exceeding $6.61 billion in 2013. Glacial
acrylic acid is the key raw material for the
manufacturing of super absorbent polymers which are expected to gain significant market over the forecast period.
The acrylic acid market is fragment-
ed with top five companies accounting
for less than 50 percent of the market
in 2013. The key participants include
Dow Chemicals, BASF, Rohm and
Haas, Formosa Plastics and Arkema SA
among others.
For the purpose of this study, Grand
View Research has segmented the global
acrylic acid market on the basis of application, product and region.
Global SBC Market Value to
Reach $8.26 B by 2020
The global market for Styrenic Block
Copolymer (SBC) is expected to reach
$8.26 billion by 2020, according to a
new study by Grand View Research, Inc.
Growth of major end use industries including construction/infrastructure and
footwear, especially in high growth markets of China, India and Brazil is expected
to be a key factor for SBC market development. Volatile raw material prices are
expected to be a key challenge for market
participants over the forecast period.
Styrene-butadiene-styrene (SBS)
emerged as the leading product segment
and accounted for 76.2 percent of total
market volume in 2013. SBS was followed by HSBC (Hydrogenated Styrenic
Block Copolymers) which accounted for
13.2 percent of total market volume in
2013. HSBC is also expected to be the
fastest growing product segment, at an
estimated CAGR of 5. 3 percent from
2014 to 2020.
The report “Styrenic Block Copolymer
(SBCs) Market Analysis By Product (SBS,
SIS, HSBC), By Application (Paving and
Roofing, Footwear, Advanced Materials,
Adhesives, Sealants, Coatings) And
Segment Forecasts To 2020,” is available
now to Grand View Research customers .
Further Key Findings from the Study
Suggest:
The global market for SBC was 1,
814.8 kilo tons in 2013 and is expected to reach 2, 457.9 kilo tons by 2020,
growing at a CAGR of 4. 5 percent from
2014 to 2020. CW
