Recent Web Market

The global thermal spray coatings market is expected to reach USD 17.21 billion by 2027 , at a CAGR of 6.9% from 2020 to 2027 , according to a report published by Grand View Research, Inc. Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel the growth. Moreover, growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market. Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to coated surfaces. These coatings have high-potential market opportunity on account of their properties, such as biocompatib...

The global recycled polyethylene terephthalate market size is anticipated to reach USD 13.32 billion by 2027, according to a new study by Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast period. Booming beverage industry in Asia Pacific countries such as China, India, Japan, South Korea, Vietnam, and Philippines has been stimulating the growth of the rPET market. Recycled PET, also termed as rPET, is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET. Clear recycled PET was the largest product type in the global rPET market in 2019. It is expected to retain its position over the forecast period, owing to high demand for bottles and sheets. Clear recycled PET is widely used in multiple applications, such as the production of resins and fibers. Increasing demand for recycl...

The global polyethylene terephthalate market size is anticipated to reach USD 47.46 billion by 2025 and register a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Polyethylene terephthalate is produced by the polymerization of ethylene glycol and terephthalic acid. Features such as increased strength and flexibility, lightweight, and non-toxic nature have made the material a preferred choice for packaging. PET finds wide uses in applications such as beverage packaging, consumer goods, and food packaging as it can efficiently be reused after recycling. The globally increasing demand for efficient and eco-friendly packaging solutions coupled with the rising consumption of packaged & processed food has resulted in an increased demand for PET in food packaging applications. Moreover, the shifting trend of consumers toward the use of recyclable containers for food packaging is further boosting the demand for PET. Various other pro...

The global acrylonitrile butadiene styrene (ABS) market size is projected to reach USD 34.88 billion by 2022, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.1% over the forecast period. Increasing demand for lightweight automotive parts is likely to be a major factor driving market growth over the forecast period. Increasing use of the product in consumer goods, appliances, automotive ancillaries, and construction owing to light weight and high strength is also likely to contribute to market growth. One of the major reasons behind increasing demand for lightweight automotive materials is need to reduce CO2 emissions. According to the International Energy Agency (IEA), greenhouse gas emissions are expected to reach 3.1 metric gigatons by 2020. This is likely to propel demand for lightweight parts in the automotive industry, which in turn, is estimated to drive demand for the product over the forecast period. Growing product demand in the aut...

The global polyvinyl chloride (PVC) market is expected to reach USD 79.11 billion by 2020 , according to a new study by Grand View Research, Inc. Increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global PVC demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants. Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing co...